American Scandal.
.. .. , , 3 A -BOGUS SALE. PROPERTY ONLY ON PAPER. - .! By Telegraph.—Association.—Copyright. • New Yorh, October 10. Tho Now York railway oxposures, reference to which .Was cabled on Scp- ; tember 28 have culminated in Anthony Brady, giving testimony that a comparatively worthless , franchise called "Tho Fulton and Wall Streot Forties Railway," existing only on paper, was sold ti> tho Intorborough Metropolitan Company for £200,000, Brady states that ho received £50,000, and tho balance was shared amongst Ryan, Dolan, W. L. Elldna, 11. Wliitnoy, and P. Widner, and Mooro and Sohloy, brokers. .
The cablegram of . September 2(i stated that by . moans of a petition declaring the New York City 'Railway- insolvent, the tramway lines comprising the metropolitan street railway system went into tho hands• of ; receivers - namely, Adiian Jolino and T). Kohinstm. Tho latter is President KoosnVelt s' brother--111-laW. Ail examination Of tho books of tho Intorborough Metropolitan Company had led to tho discovery of records of payments to a vwy prominent pcliUouiti,
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Bibliographic details
Dominion, Volume 1, Issue 15, 12 October 1907, Page 5
Word Count
161American Scandal. Dominion, Volume 1, Issue 15, 12 October 1907, Page 5
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