The evening world., 1894-02-21
BLAUT CASE CLOSED.
Schedule Incomplete When He
!wore to the June, '93, Report.
Declines to Tell Of Automaton Piano
Stock as a Bonus for a Loan.
Lawyer Lauterbach Begins Sum-
ming Up for the Defense.

Joseph r. IlduI, ClaTBe1
with perjury in falsely swearing to the
quarterly report of the Madison Squar.
Rank as its President in June last,
breathed very heavily when he entered
,e Court Of oyer md Terminer this
.enoon. He mopped his broad brow
;erishly and was rot near 80 placid
nd collected as other days of his trial
ave found him.
And he had much cause for his plainly
pparent perturbation. He knew tina,
he attorneys for the prosecution would
gbject him to a cross-examination, and
e lntimation had gone abroad that the
rocked banks ex-Presldent would ex.
erlence a merciless ''gridironing."
Assistant District-Attorney Vernon II
Davis, who has handled the people,
.ase thus far 80 ably. conducted the
discrimination OF ex-Presiden,
laut. 1t was expected that District-At.
,rney Fellows would do so, but he has
IT famlliarized himself with the banks
fairs. rs has his clerk or assistant.
Proceedings opened on time at 1875
lock. Defendant Blaut was called at
* the chair. District-Attorney Eel
vs. came In hurriedly.
SMr. Blaut, were you a member of the
ecutive Committee OF the Madison
lare Bank asked Mr.. Davis.
thy virtue OF my Office as President !
doans made and advised were passed
by the Executive Committee?"
They were
Look at this report Of June, 1898. Is
Yes"
ni?'
III did"
And you a the schedule was not
1T was not complete and it was not
here at the time"
Doesn't this affidavit say It was
here"
NO"
You wish to be understood as saying
hat the report was true and the accom-
hat he report was true and the accom-
'anying schedule was true, when no
Icheduie did accompany the report"
II cannot give you a yes or no an
ever. l must qualify It."
You say there was no schedule?"
Net at the time l swore to the re-
Yet you swore to the accompanying
as true. did you not
the best Of my knowledge and be-
Did you no swear?" D!strict-Attor-
ley Davis interrupted shortly.
Il assumed 1t was true and swore to
'""YfGSS1 s d!a swear it,"
fhedule at that time?"
mot at that time"
ar. Davis then branched u into a
he or Questioning which would tend to
low that, by the character of the de-
endants investments was due the col
apse Of the bank. 1t was Mr.. Davls's
iesire to bring before the Court and jury
slaut carried on with Bullock & Wilder.
wherein 100 shares OF Prescott and Ari-
:ona Railroad bonds were bought by the
resident Blaut himself had previously
ought those same bonds at 50.
The item Of ss7,5oo paid for these bonds
aaRrRst value In the of s Esp S,s' s as bonds ND. b at "a q
xplained. !, was his Intention to show
nat President Blaut knew that
iuch a value was false. Therefore
lie nus have known that he wasn't
orectness Of the report.
counsellor Lauterbach objected to this
I'd Judge Barrett suggested that Mr..
avis proceed in some other branch.
Mr.. .Blaut, you made a loan Oct. 10.
Ss2. Of $4,000 on nifty shares OF the
I%%i " Ssiisye c9mdPFdany's preferred stock"'
."i "IIcil tidt Jul WdtT [ PAID you
sold the Cyclostyle stock for Ni?"
Il object" said Mr.. L~auterbach, and
Davis withdrew the question.
me loan OF $4,000 to, the Amsterdam
and Mr.; DAVIS asked II the bank wasn't
to receive a bonus OF 1000 shares OF
stock In the Piano Company for that
At the same time Mr.. Davis gave
t s1s %neiendant a letter to read to refresh
At this point Counsellor Lauterbach
saio. under the Circumstances. he would
suggest that his client refuse to answer
END to incriminate him. Judge Barrett
but it would have been far
more advisable had such suggestion been
made privately to the defendant.
Mr., Davis then pressed Blaut for an
answer to the question as to the 1000
as bonus to the bank.
i decline to answer on the advice Of
counsel" was the defendants ready
Upon what grounds do you decline?,
says. Y might incriminate me-"
., isn't 1t a fact that of the 1000 shares
as me Automaton Piano Company given
~ eN wv
defendant Blaut made precisely the
ia an" H. answer to that question as he did
,lSry OF this sudden change Of front on
ne part Of the defense was apparent.
aney all appeared to have conviction
written on their faces. and the wisdom
7. me course adopted by Counsellor
rtauterbach was freely doubted by bar
risiers In the judicial chamber.
Mr, Davis succeeded after a long
.ssamination'in inducing the witness to
: ,1 y, That In November, 1892. he bought
BY shares OF Prescott and Arizona
.,1ilroad stock. at so. Mr.. Davis then
tSheu him II he did not sell these bonds
we Madison Square Bank. of which
Inc defendant answered that he never
s naa any bonds TO the bank. The fact
wds established, however, that in
s,aTch, 1893, the bank bought Prescott
Arizona shares at 81 1-2, which were
and 1Sed a rev months previous at 50 or SO.
parallel to the Prescott and Art
IN road was projected and under
rwas' This latter fact was TO prove
"a such stock, instead Of advancing
Cow points, would under the existing
be more apt to decline that
al ne object was to establish proof that
n,aut Investments were so poor as to
c rreSk bank, and. he knowing the
|. OF the bank, tried to keep
,ho rue condition from the public and
,,nne Ranking Department. and so swore
las the raise quarterly report of June
Mr.. Davis closed his nina
tsrhh az tnispoint. and Counsellor Lau-
III Ioach advised his client to tell the Jury
D. s. me details of the transaction In the
: .ssc9tt and Arizona bonds. IL was the
counsers purpose. lie said. to
NOV that these transactions in those
fde. ~ ""'
DlstrIct-Attorney Fellows asked when