Barre evening telegram. (Barre, Vt.) 1898-19??, 1899-04-19
Quay SCORES IN COURT
Alleged Revelations Prevented by a
Decision Of Judge Iiddle.
GOLDSMITH CROSS EXAMINED
Mr.. Shields Argues From Testimony
Adduced Tint Mr.. Quay Was
Only Tentative Debtor
of the Bank.


opened for the day in the trial of ex,
| United States Senator Quay. it was ev.
ident from the brief direct examination
Of Expert Meyer Goldsmith, the account
| ant by District Attorney Rotherme
that Judge Biddle's decision ruling out
testimony relating to other than the al
| legged specific conspiracy prevents the
| revelation of many alleged manipula
tons by state treasurers and others OF
the state funds on deposit in the Peo-
pies bank.
Mr.. Shields conducted the cross ex-
ANNA ton. The witness was questioned
| about his experience as an expert. He
! said his calculations We're based upon
| suggestions from the ''red book fol-
| lowed by an examination of the other
| books. a long line of questions upon
| what the witness based his calcula-
| tons Of interest We're then asked. The
yeplies generally We're involved, but the
! witness indicated that he obtained the
rate of interest from the current prices
in the money market and not the result
of guess
The witness attention was directed to
his testimony that the books showed
Mr.. Quay owed S1S5. 155.l2 at the end of
Oct 81. 1897. He was told to show where
such evidence appeared in the books.
This necessitated the witness going
over each book bearing on the account
and consumed much time.
The defense confined the witness to
the regular books of the bank and with
out reference to the red" "black' and
blue" books. In pursuance of this he
said S57505.12 was the total of loans
charged against Mr.. Quay There were
also numerous credits, but balancing
the figures left the Indebtedness as
above
Discrepancy Accounted For.
This left a difference of $12S, $50 in the
amount Of $1S5, SJ512 testified to by the
witness as having been loaned to Sena-
tor Quay during the six months ending
Oct 81, 1897. The discrepancy was ac-
counted for however, by the production
from the "black book" of entries show
ing purchases of Metropolitan and Sug-
ar stock to the value of $l2S,350
Mr. Shields claimed that the witness
had no right to charge against Senator
Quay these purchases of stock since
they We're bought through a local stock
brokerage firm and carried by them on
margin, and that not a dollar was loan
ed by the bank on the transactions.
The witness was compelled to admit
the truth of this. The "black book is
the volume IN which Cashier Hopkins
kept his entry of stock transactions.
Mr.. Shields brought from the witness
the admission that the apparent loan of
ISL, 505.12 should be reduced $14S50 re-
ceived through the closing of deal in
United Gas stock: that the books that
show further loan of IS, 900 charged to
Senator Quay was paid by man nam
ed Andrews; that a loan of slS955
charged to Senator Quay was apparent
" a loan to Governor Hastings; that an
italn of So, 200 in Senator Quays loan ac-
count was an obligation of a man nam
ed Ahern. and that other items aggre-
eating SIS, 500 charged to Senator Quay
were obligations of other people.
These successive admissions of the
witness, Mr.. Shields argued, showed
that of the apparent loans to Senator
Quay Of $lS5,S55.12 during the six months
under discussion all or nearly all con-
stituted the obligations of other peo-
Pile; in other words, that Senator Quay
was an indorser and therefore only a
debtor of the bank.
The Letters to Hopkins.
After recess Mr.. Shields took up Sem
ator Quay's letters 10 Hopkins, which |
have been published. One of them read: |
Il have at Huhns 900 shares Metropoli- |
tan. Take it up for me- The witness |
stated the books did not show that the |
request was complied with.
Another read. Give George HUM |
$4,000 for me and send me note"
This was not done.
The telegram Of Feb. O. 1898. reading:
Get out at profit. l check on you for
81 1000" was referred to. The witness
turned to Senator Quay's account in
the ledger and testified that on that
date the senator's balance was $13,-
1927. AS a fact, he did not check on
the bank for that amount. No check
was paid for Senator Quay until Feb
H. when his balance was $50, S5S. As, and
he drew on that day $17,227.57.
The next telegram was dated st. Luz
lie, Fla, Feb. II, 1898, reading, IF you
will buy and carry 1000 Met. for me, l
Will shake the plum tree"
The witness admitted that at the time
he famous telegram was received Sem
,tor Quay had balance of over $50 900.
The books show that $4,000 was drawn
rom Mr.. Quay's account and paid to a
broker for use as margin for this trans
lotion in Metropolitan.