ROCKEFELLER SUED
NEW YORK, July 13. A minority of the shareholders (2) in the New York-Newhaven-Hartford Railway Company are suing Mr William Rockefeller, Mr J. P. Morgan, Mr Lewis Ledyard, and other directors, claiming the sum of £25,000,000 on the ground of mismanagement of the railway’s affairs. The Inter-State Commerce Commission recently examined the company’s affairs, and reported that the directors had criminally and negligently violated the law by frequently purchasing rolling-stock at a price three times its value, by fictitious stock sales, by the expenditure of huge sums for the purpose of influencing public opinion through the newspapers, and by bribery and illicit political activity, including (he bribery of legislators and the profligate use of free passes. The commission also found evidence of corruption on a wholesale scale.
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Otago Witness, Issue 3149, 22 July 1914, Page 25
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129ROCKEFELLER SUED Otago Witness, Issue 3149, 22 July 1914, Page 25
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