CORRUPTION IN NEW YORK.

Taranaki Herald, Volume LIV, Issue 13535, 11 October 1907, Page 5

CORRUPTION IN NEW YORK.

)•. AN ENORMOUS SWINDLE. ', FOR A TRAM-LINE . ,:" PRIVILEGE. By Electric Telegraph.— Copyright. * <iß<Bseived October 11, ,7.17 a.m.) .■•„;.. I- \ NEW YORK, October 10. •y!Bhe, iNew York Railway Company ex•poe*re»iculmipated in the testimony of 4tr**Aßtbony Brady. He stated that a comparatively worthless franchise, of ihk li*>& called the Fulton and Wall Street Ferries Railway, which existed only \, on. paper, was sold to the InterBorough Metropolitan Company for £200,000... Brady received £50,000, and the balance was shared amongst Ryan, Dolan :W.' L. Elkins» H. Whitney and P. 1 Widener, and two brokers, Moore and ScMey. (A cablegram sent on September 26th stated that, as the outcome of a peti.tion declaring the New York City Railway Company insolvent, tho control of the tramway lines comprising the metropolitan street railway system went in- . -to the hands of two receivers, Adrian Joline and D. Robertson. The latter is President Roosevelt's brother-in-law. The- examination of the books of the Inter-Borough Metropolitan Company, the holding concern for all the traction system of Manhattan (Kansas) had already led to the discovery of records of payments to a very prominent politician.)