The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1899-04-18

None whatever on loans which were
used for the purchase of stocks or for
loans which We're not so used"
What amount of interest was paid
on the commonwealth's fund for that
period of six months?'
'Twenty-three thousand five hundred.
The state treasurer was paid 81, ,519 and
the balance of interest on the state de-
posit was paid to c. H. McKee,
In answer to a question the witness
said the books show that of the state
deposit 20 per cent was used by the
bank without interest, 100000 was set
aside for the use of Quay and interest
on the balance was divided between
Quay, Haywood and Mckee. The de-
fense asked that the witness be made
to produce the entry showing that any
thing was set aside for Quay. The
judge declined. saying that if the state
ments were false they can be so proved
on cross-eXamination.
Witness said the books showed the
following balances due by Quay at GER
tain periods during the six months for
which no interest was paid and upon
which calcula tions of interest were
made at the end of the period: April
20. 1897. $780, May Is, $5l ,292 June II,
s66,S00: July 81. $53,O12; Aug. 30, 1625.
He said it remained at the latter
amount at the end of October. 1897.
Oct. ), 1896, to April 80, 1897 and said
the books for that period showed $2I2.-
595 was borrowed by Quay. At this
point the court took a recess.
Expert Goldsmith testified that dur
ing the period from April 80, 1896, to
Oct. 81, 1896, the commemorative de-
posit in the Peoples bank ranged from
$45000O to $615, 900 The aggregate of
call loans to Senator Quay during the
IHfaS r.
chased for Senator Quay to the extent
of $152,06690. During the six months
the interest paid on the state deposit
was So, 441.11. Senator Quay did not pay
and was not charged with interest on
his loans. During the six months end
ing April so, 1895, the state deposit
varied from 100000 to $625,0O0. Senator
Quay was loaned $14l ,929.4S.
His transactions in stocks during 1894
and 1895 We're included in this period
purchases for his account aggregating
$500. .S09.05 and sales credited being $780,
620.2O leaving $40 1885, to which was
added $S4, ,49062 for purchases during
the period under discussion. No pay
ment of interest by Senator Quay on
these transactions is shown by the
books Payment of interest on the state
deposit during the period is shown to be
s1,317.5O.
At different periods between Oct. 81,
1893, to Oct 81, 1895, the state deposit
ranged from $440, 900 to 1893. .356.O6, and
Senator Quay's loans ran as high as
$685. 900. On a majority of the loans no
interest has been apparently paid. SEN
ator Quays counsel did not attempt to
interrupt the witness, it being the un-
derstandng that all the questions are
objected to, the objection overruled 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 objected to the admis-
sion of this testimony, stating that
Morrison was not included in the
charge of conspiracy against Quay.
This brought on long contention,
which was finally ended by Judge Bid
die rendering a decision against the
district attorney. which, according to
the Quay counsel, rules out as evidence
all matter antedating the statute of
limitations period Nov. II, 1896.