RAILWAY JOBBERY.
WHOLESALE CORRUPTION. DIRECTORS CRIMINALLY | NEGLIGENT. SHAREHOLDERS TAKE ACTION.' CLAIM TWENTT-riVE MILLION (By Cable.—Press Association.—Copyright.) (Received ]2..->0 p.m.) XE\V YORK, duly 13. A minority of the shareholders of the New York. Xew Haven and Hartford I Railway Company n ro suing William Rockefeller. .1. P. Morgan. Lewis Led-1 yard, and other directors, claiming a sum i of £2.",.000.000 on the ground of alleged mismanagement of railway affairs. Ihe Interstate Commerce Commission recently examined the company's affairs and reporled that tlie directors had been criminally negligent and had violated tho law frequently by purchasing rollingstock :it a price three tiroes exceeding its value, that there had boon fictitious stock sales, expenditures of huge sums of money for the purpose of influencing public opinion through the newspapers, bribery and illicit political activity, including the bribery of legislators, and the profligate use of free passes. The commission found evidence of corruption on a wholesale scale.
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Auckland Star, Volume XLV, Issue 166, 14 July 1914, Page 5
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153RAILWAY JOBBERY. Auckland Star, Volume XLV, Issue 166, 14 July 1914, Page 5
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