The herald., 1898-10-07
ALoT OF OLD LETTERS
WHICH QUAY WISHES HE HAD
NOT WRITTEN
ORDERS FOR STOCK DEALS
Of Misappropriation of State
Funds
Associated Press Special Wire.

PHILADELPHIA, oct. 6.-Among the
letters introduced by the prosecution
against Senator Quay ard his son who
were held to answer yesterday on charge
of conspiracy and using State funds fol
speculation was this one from Haywood
to Cashier Hopkins:
November 20, 1884, Yours of 18th instant
with inclosure received, which l herewith
return signed. Purchase an additional 10e
shares of the same stock at no. 100 shares
at 109; 100 shares at 107; 100 shares at 106.
or course purchase all for less if you can,
so that the average will be maintained.
My information is that this stock will go
higher in the near future. Your friend,
MIR. Elkin, is partner in this transaction,
as you will see by the signature OF the note.
Mr.. M. is to have the use Of fifty from No
vember /, 1896. You and he can arrange
when he can use It,"
The first Quay letter was to Hopkins I'M
der date Of January 13, 1897, saying:
"Dear John: Give George Kuhn $4,000
for me. 1t is for margin in some stocks.
Send me note for $25, 900 and l will sign
and return"
The next dated September 21 1897 is as
follows:
nave dt 'uo SAdA co VI -hSeAO
politan. 1 wish you to take it out for me.
1t stands s110,s12.5o, August 81, and with
your $61 625 will make SIP ,4S7.50 l will owe
your bank. I have 100 New Jersey bonds,
1900 shares of New Jersey stock which
will change into Metropolitan as soon as
the top notch in Jersey is reached That
is to say, will sell the Jersey securities
and pay off the indebtedness. The Jersey
bonds ought to go to par within sixty
days. When they are par the stock will
he at least fifty. 1t will pay small div
tdend next year. Please write on receipt
of this.
"P. ST. suppose there IS some circular
to the Metropolitan holders explaining
what will be done at the meeting. IT there
is, please send me one."
The next. dated September 22 1897, asks
nermission to make an overdraft of $1,000
to be carried until November. 1t reads as
follows:
"You can carry 1t as an overdraft or
send me due bill here"
The next, dated September q, 1897, is os
follows:
"Your letter is to hand. The arrange
ment about the stock is satisfactory"
Also the following all signed by Quay:
"October 2S, 1s97.-Enclosed I send you
power Of attorney to transfer thousand
shares of Consolidated Jersey stock.
Please wire me on receipt"
"October 49, 1S97.-My dear Hopkins: 1
inclose certificate No 2, 1898, for the thou
sand shares of Consolidated Traction Com
pany of New Jersey, according to promise.
Please wire me at Sewickley, Pa, on re-
ceipt 1 will be at Sewickley over tomor-
row, Friday, going there in the afternoon.
1 see 200 shares of Jersey sold yesterday a,
81 suppose 1t was mine. think you can
get that and better for all of it.
"October q, 1S97.-Dear Hopkins: I in
close note and SCI, ,S53.25 at your request. I
presume it is for the 500 of Metropolitan.
If so, I think Monte must have forgotten
TO collect the cash dividend of l. 25 per share.
/ have your telegram saying that bonds
are low again. How much of the stock
have you sold? We will leave here on or
before tho 1st of December; most likely
will be home by then"
December IA, 1s97.-Dear John: Yours
to hand. I will let you know before draw
ing on you. Please write me and give me
statement of my account. What do you hear
about Metropolitan? l thought when
bought the stock 1t would be very much
higher than it Is, but am commencing to
feel like letting it go to take 1t on again at
lower figures. There are no war notes at
present and the action of the Spanish gov
ernment and the Presidents message will
be quieting and pacific"
"December Z, 1S97.-Dear john AS to the
Metropolitan scrip the reason for its
cheapness is that 1t bears no interest until
next October, and that the company has
the option to pay in cash or stock. The
option is with the company, not with the
holder Of the stock. Should 1t go to the
bad, It will be continued. If the stock
goes above par and remains so, the COM
pany will pay the money, Mr.. Huhn tells
me, and it seems to me that, under the
price for It,"
"December 10, 1S97-Dear John: I have
q thousand shares Of sugar that have
been bought at 142, which l wish to pay for
and take over to the Peoples. l have
bought it for keeps, but don't wish the
stock to be placed In my name Just yet, as
1 will sell II can find I can get it any
lower. Get rid of the Metropolitan scrip
and Consolidated Jersey stock as rapidly
as yo, can at the figures fixed"
ber "a, 1897, as follows:
"Received by the Peoples Bank, s129-
651. .65, for a thousand shares of sugar
turst certificate company to be transferred
TO the name of John S. Hopkins, ESQ.
GEORGE A. HUM & SONS"
The next letter, dated December 10. 1897
Is as follows:
"Dear Hopkins: I forgot to say that the
cost of the stock at Huhn's will be about
$3.50 900, AS he has about $11 COO or $1,000 of
my money there, and you will have s115, 900,
the proceeds of the Consolidated Jersey Sc
curities and the profits on the Metropoli-
tan will about square my account when the
sugar Is paid for. I want to take $50, ,0G0
of Dicks bonds. See you about It, There
are 300 more shares of Consolidated Jersey
Consolidated lying with Montgomery which
you will sell in addition to your present
two or three dollars and the stock ought
to go up"
The next, December II, 1897:
Dear John: The understanding is that
Monte shall sell 116 Consolidated Traction
of Pittsburg at 42A against that G7, 100, and
If sold at this price Is margin of 1929, coo.
This will be sent to you. With the pro-
ceeds of the 800 shares will leave credit to
me on your book of about $4,000"
The next, dated the 18th, is as follows:
IT go to Florida tomorrow to be absent
two or three weeks My postofsice address
will be San Luce, my telegraph Fort Pierre.
have ia shares of Beaver Consolidated
preferred by Montgomery. Out of the pro-
ceedS will nav q note Of ef7 0O0 Tho hal