The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-10-07
Republican Senator Is Something of
a Plunger.
LETTERS TO THE BANK
ENORMOUS SUMS WERE PLACED
AT HIS DISPOSAL.
Transactions Involving Hundreds of
Thousands of Dollsrs Carried On
For Him In the Banks Name
Agreed to "Shake the Plum
Tree"-Tip On Presidents Mes
sage.

Philadelphia, Oct e-Among the letter!
introduced by the prosecution agains
Senator Quay and his son was this on'
from Haywood to Cashier Hopkins:
Nov 20. 1884.
Yours of 18th inst, with inclosure, re
ceived, which l herewith return signed
Purchase additional 100 shares of the same
stock at s1.1O; 100 shares at S1.O9; 100 share.
( at SL01: 100 shares at $l-U6. OF course
4 purchase all for less il you can, SO tha
/ The average may be maintained. My In
formation is that this stock will go higher
| in the near future Your friend. Mr.
as you will see by the signature on the
note. Mr.. NJ. is TO have the use OF nifty
from Nov. !. 1856. You and he can ar
range when he can use it.
The first Quay letter was to Hopkins
under date of Jan. Is, 1897, saying:
Dear John-Give George HUM S25,OOl
for me. 1t Is Tor a margin IN some STOCKS iA
Send me a note for 5000 and L will sign
| and return
The next dated Sept. q, 1897, is as fol
lows:
Il have at Huhns 800 shares of Net
roDolitan- 1 wish you to take it out for
me. 1t stands SIG, SI2.50 Aug. 81, and with
| you SCI, 625 will make $1l2 $3.50 owe your
bank. have 100 New Jersey bonds, 1,5OC
shares Of New Jersey stock which l will
/ change into Metropolitan as soon as the
/ top notches in Jersey is reached. That is
1 to say, / vii sell the Jersey securities and
pay OF the Indebtedness. The Jersey
bonds ought to go to par within 60 days.
/ When they are par the stock will be at
! least 90. 1t will pay a small dividend
next year. Please write me on receipt of
"P. 81 suppose there is some circular
/ to the Metropolitan holders explaining
what viii be done at the meeting Ii
| there is, please send me one.
The next, dated Sept. p, 1887, asks per
mission to make an overdraft of 81 900 10
| he carried until November
Their:
You can carry it as. an overdraft or
| send me due bill here"
The next. dated Sept. q. 1897. is as
follows:
Your letter is to hand. The arrange
ment about the stock is satisfactory"
Also the following all signed by Quay:
oct. Is, 1897. Inclosed 1 send you a
power of attorney to transfer Loco shares
of Consolidated Jersey stock. Please wire
"Oct. Is, 1S97.-My Dear Hopkins-I in
close certificate No. A 19S for the thousand
shares of Consolidated Traction Co. or
wire me at Sewckley, Pa, on receipt.
will be at Sewickley over tomorrow,
Friday, going there in the afternoon
see 200 shares of Jersey sold yesterday at
81. 1 suppose it was mine 1 think you
can get that and better for all of it.
NOV. q, 1S97.-Dear Hopkins-l enclose
note and So. $50. % at your request. l pre-
sumo it is for the 800 of Metropolitan. If
so l think Monte must have forgotten to
collect the cash dividend of S1.25 per share
have your telegram saying the bonds
are low again. How much Of the stock
nave you sold? We will leave here on or
before the first of December: most likely
viii be home b. then"
hand. l will let you know before drawing
on you. Please write me and give me
state of my account What do you hear
bought this stock it would go very much
higher than it is, but am commencing to
feel like letting it go, to take it on again
at lower figures. There are no war notes
at present, and the action of the Spanish
government and the presidents message
will be Cuieting and pacific"
Dec. Z, 1S97.-Dear John-AS to the Met
ropo4itan scrip, the reason for its cheap
ness is that II pears 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 it go to the bad. it
will be continued. If the stock goes above
the money, Mr.. HUM tells me, and it
seems to me that under the circumstances
that 80 or SO is a very full price for IT
Dec 10, 1S97.-Dear John-I have a
thousand Sugar that HUM bought at 142,
which l wish to pay for and take over
to the Peoples. / have bought it for
keeps but don't wish the stock to be
placed in my name just yet, as VIII
sell it if l find / can get ii any lower.
Get rid of the Metropolitan and Consoli
dated Jersey stock as rapidly as you can
Here was offered receipt dated Dec.
Il, 1897, as follows:
Received by the Peoples Bank s129.
65l.65 for a thousand shares of Sugar
Trust Certificate company, to be trans
ferred TO the name of John S. Hop
GEORGE A. HUM & SONS"
The next letter, dated Dec. 10, is as fol-
lows:
Dear Hopkins-I forgot to say that
the cost of the stock at Huhn's will be
u laa ahaNNf nv
$1,000 of my money there. and you will
have $1,000 and $4,000, proceeds of Con-
solidated Jersey securities, and the profits
on the Met will about square my account
when the Sugar is paid for. l want to
take $1,000 of Dicks bonds. See you about
it There are 800 more shares OF Consol-
idated Jersey lying with Montgomery,
which you will sell in addition TO your
present holding. l see the bonds have adj
Vanced 81 or So, and the stock ought to
go up"
The next:
Dec II. 1897.
Dear John-The understanding is that
Monte shall sell 1866 Consolidated Trac-
ton of Pittsburg al 42A against that $6i7,-
of S423. 600 This will be sent you. With
the proceeds of the 300 shares will leave
credit TO me on your book of about SlO,-
COO
The next. dated the 18th, was as fol-
lows:
L go to Florida tomorrow to be absent
two or three weeks. My postoffice address
will be San Luce; my telegraph. For
Pierce. 1 have 1666 shares of Beaver
Consolidated by Montgomery. Out of the
proceeds will pay a note of $4,000. The
balance will come to you, and with the
proceeds of the 300 Jersey stock, you viii
nave $4,000 to my credit. Look for lower
prices. and on any decided break, want
you to take again loo Metropolitan and
!, 900 Sugar. l heard Mechanics has met
with an accident, and hope he is getting
along all right. Remember me kindly TO
him.
Dec. IS. 1897.
''I enclose check on Carson & Mccarthy,
Washington. for $4,000. to be credited TO
my account. 1 wired today to Montgom-
cry to send you proceeds of contract pre-
ferred. some $4,000. which will leave my
account in pretty good shape. The divi-
dend on Sugar comes in on the 9Th prox-
imo, $1,000. Dick will be at the bank
Monday and may need your help. If so,
see him through, even if you have to sell
some of the Sugar certificates, but don't
do that unless absolutely necessary.
will be at the bank some day next week"
Jan. 81. 1895.
According to my account, 1 ought to
have about $685. 900 to my credit. 1 am
buying 100 Merganthaler at about 143. and
will check on you for amount when pur-
chase completed, say about $4,000. Also,
1 wish you to buy and carry for me on
margin about 1000 shares U. G. 1. want
this for squirt say two weeks, 20 ,ooo
81 mailed you check for s4,1OO, balance
on loss of Metropolitan, at your request
I close my account and send statement
and Cancelled checks with cashiers check
for balance. / feared / had bitten into
my $4,000 never tried to do a generous
thing that I did not get into trouble:
M S. QUAY"
The next was a telegram. dated Feb.
II, 1898, as follows:
John s. Hoplxins:-If you buy and