The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-10-06

bank. then identified the handwriting
In the book as that of Cashier Hop
kins, and also identified a number OF
letters as written by Senator Quay and
Treasurer Haywood. A number of
these letters were put in evidence, one
from Treasurer Haywood to President
McManes, saying that 100000 of state
funds would be deposited the following
week, and that Richard Quay be al
lowed to borrow 100000. Through the
third witness, Mr.. c. r. Goldsmith, an
expert accountant, who had worked on
the banks books Mr. Graham finally
got the ''red book admitted in evil
dence. It's entries covered from May 1,
1894, to the closing of the bank nearly
four years. Only a few entries were
read. They showed that between April
80 and Oct. 81, 1897, the state deposit
In the bank ran up from $3.50 to
$565,O00 From this total there was a
deduction of 20 per cent, evidently, as
Mr.. Graham explained, for the banks
use, then an entry, LESS 5000, 600 Quay,
1884, Is" For this period the inter
est was computed in the book as $5, ,844,
one-third Of which, 1884, was marked
Paid G. H. Mex" In October, 1898,
there was a computation Of interest on
state deposit amounting to 1888, of
which 81, ,451, or One-third, was marked
Handed to c. H. NICK" The name
of &C. H. Mckee, 11S Diamond street
(Mr. McKee'S PittSburg address," was
entered in another part of the book.
In referring to the book Mr.. Graham
said that in all entries of the amount
of the state deposit there was deduc-
ton of the amount Mr.. Quay had in
use, and there was never a dollar of
interest credited against it. He said
there were frequent entries Of Due R.
B. O." Due M. S. O." and Due
Quay"
DEFENSE FOUGHT HARD.
Mr.. Shapley, after the district attor-
ney had concluded his presentation Of
facts, said: In all these transa actions
there is not an instance to prove that
either Senator Quay or his son Richard
engaged in speculations with the state
money. They bought and ordered
shares of stocks which they paid
for with their individual funds,
and that is proved by the letters read
by the district attorney" Mr.. Shields
referred several times in the course of
the hearing to Mr.. Graham's arguments
as swallow stump speeches" All
through the ordeal Senator Quay bore
an air Of composure. He prompted his
lawyers frequently, and passed judg-
ment on every point raised.
The district attorney had some diff
Guilty in deciphering the Senator's hand
writing occasionally, but the latter al
ways came to his aid in the reading.
Senator Quay tonight, in response to
an inquiry for a statement by a rep
resentative for the Associated Press
spoke as follows:
81 think that no one who was present
at the hearing today entertains any
doubt as to the truthfulness Of the
charge boldly made by my counsel that
this proceeding was instigated by poll
tical enemies of mine, who hid behind
the district attorney, and will not per-
NIT him to reveal their names, and that
their sole purpose was to manufacture
campaign literature by false charges
that could not be met and answered
except before court. OF course every
body knows that on such a hearing /
fense or show the falsity of these char
ges, and my counsel advised me it will
be worse than useless to attempt to do
so at this time, and in such a proceed
ing. But you may be sure that I have
instructed them to force this case to a
speedy trial. in q court where both
sides can be heard, and after that to
expose legally and punish to the ut
most the instigators Of this proceeding.
My counsel assure me that not a scin-
tilla of legal evidence was offered to-
day to justify the issue of a warrant or
a binding over. AS to the charges
themselves I have simply this to say,
that they are absolutely false and
| wholly without foundation.
81 have always had an account with
| the Peoples bank, and have frequently
instructed Mr.. Hopkins to have brok-
ers buy for me stocks that 1 thought
| were likely to rise in value, but they
| were always bought with my own
money, or upon my own credit, and
| have always borrowed money on good
! collateral, and the Peoples bank was
| amply protected for any money bor-
rowed from it. Not single share Of
stock was bought for me either direct
| ly or indirectly with the public money,
and my letters, which were offered in
evidence themselves clearly show this
| Nor did have the use or benefit either
| directly or indirectly to the extent Of a
penny of the public deposits in the
! Peoples bank. Nor did I obtain from
! the bank the loan of a single dollar
| because of the deposit with it Of the
state money. Nor did 1 obtain a sin
! gle penny, for every penny ever bor-
| rowed from it was promptly paid by
me at maturity. AS to my sons trans
actions, which were perfectly legitimate,
1 had nothing whatever to do, except
! that having full confidence in his abil-
| ity to pay the loan at maturity, I in
| dorsed his paper and it was fully paid
at maturity. If the president Of the
| bank wanted an assurance from the
| state treasurer that he would increase
or would decrease the line of deposits,
| it seems to me very natural course.
as he himself was one of the treasur-
ers bondsmen and was, as everybody
| knows, most amply responsible finan-
| cially, but had absolutely nothing to
| HO with II and had no