The record-union., 1899-04-18


| by r. r. Quay. He followed with a list
of those who the books showed failed to
pay the Interest but which was added
/ to their Indebtedness. and a list Of
| those the books showed paid their in
terest. These amounted in the first in
stance to Sc, ,029.51, and in the latter to
S13,93157. M. S. Quay's name was not
mentioned by the witness
| The witness then inferred the period
from october 3, 1896, to April 80, 1897.
/ The same line of questions were asked
| by the District Attorney. The State
deposits during that time ranged from
/ S615, 600, on November 1st, to S525, ,000
on April Both.
| What amount do the books show for
! that period was borrowed by M. S.
Quay?"
"s247 ,9596O"
| As to the defendants s transactions, the
witness said there was an indebtedness
| of $40, 1S7 SO remaining from the years
! 1894 and 1895; LOCO shares of UniteG
Gas were bought for $50, 1902; August
! 10, 1896, 200 shares of United Gas, for
$12, ,425; September II, 1896 300 shares
of United Cas- for $40, 1920. A divi-
dend of $500 was collected. leaving the
!
! Is, 1896, 300 shares of MET We're
bought, for So. 337 90 making the total
.S1S4, 404 .48.
Goldsmith testified that during the
period ending April 30 1897, the inter-
est on. Senator Quay.s loans amounted
to S1,4929S, but he paid only $236.25.
Objection was made to the witness
stating such deductions, but the court
Id 10
it was merely a statement of what the
books show s
Expert Goldsmith testified that during
the period from April 30. 1896, to Octo-
ber 81, 1886, the Commonwealth. deposit
in the Peoples Bank ranged from $455t17,
600 to S615, 600. The aggregate of call
loans to Senator Quay during the period
was $1T2, ,T0115. Stock was purchased
for senator Quay to the extent of S152,
IO66.9D During the six months the in
terest paid on the State deposit was
So, Al. H.. Senator Quay did not pay,
and was not charged with, interest on
his loans. During the six months end
ing April 30, 1895. the State deposit
varied from S400, 0G0 to S625, 600 SEN
ator Quay was loaned S141, ,929.4S His
transactions in stock during 1894 and
lCcO were 1IlCluuGu III lIlS p6TlUu, puI-
| chases for his account aggregat ting
$500 S09. .06, and sales credited being
$460 6202 20, leaving $40, 1SS sc, to which
was added SS4 4O9.62 for purchases dur
ing the period under discussion. No
payment appears by Senator Quay on
these transactions, as shown by the
books. The payment of interest on the
State deposit during the period is
| shown, to be 81 81. 80
AT the different periods between Octo-
Der 81, 1898, to October 81, 1895, the
State deposits ranged from $44O, 900 to
ST ,999, ,35G.06, and Senator -Quay's loans
ran as high as SS66,000, On majority
of the loans no interest has apparently
been paid.
Senator Quay's counsel did not at
tempt to interrupt the witness. it being
the understanding that all the questions
are objected to- the objections everruled
and exceptions. noted.
Interest amounting to $5,270 was
shown to have been paid. J. w. Morri-
son, former State Treasurer
Counsel for the defense strenuously
objected to the admission of this tas-
timony, stating that Morrison was not
included in the charge of conspiracy
against Quay. This brought out a long
contention, which was finally ended by
Judge Biddle rendering a decision
against the District Attorney.