The times., 1899-04-19
STUDYING QUAY'S RED BOOK.
That Famous Message About shnlS-
ing the Plum Tree.


Philadelphia. April is.-Speculation was
rife here this morning before court opened
as to what effect, II any, the developments
at Harrisburg yesterday might have upon
the trial Of former Senator Matthew S.
Quay. now going on in this city. 1t is
said that the rumored detection of Senator
C. L. Magee with twenty other OF Quay's
supporters in the Legislature ought TO
cause something to drop in the proceed
ing against Quay on the charge of con-
spiracy to use unlawfully funds OF the
Commonwealth deposited in the Peoples
Bank.
Court ope.ied at 10 O'Clock and Expert
Goldsmith was recalled to the stand Mr..
Rothermel asked'the witness what amount
| of State money was deposited in the Peo-
pies Bank on August 3. 1896.
"One hundred thousand dollars" an
swered the witness
what did that make the State deposit?"
''Six hundred thousand dollars"
For how long?"
Until December ., 1896
what was the lowest it got in 1892"
ION January 13 it was s5OO000
What loan was made by the bank on
| August 5. 1s96?9
ITO r. R. Quay, 100000 on note
when was this loan paid OFF,
Il don't know whether or not it has been
| paid off. 1t was not paid on October 81,
1897. Interest on the State deposit OF $780,
coo was paid to the State Treasurer
When did the red book become book
of the bank? ?"
'.On October 81, 1891 answered Gold
smith. who was then turned over to the
defence for cross-examination. which was
conducted by Mr.. Shields. The witness
testified in answer to Mr.. Shields question
! that prior to examining the books of the
Peoples Bank he had examined only those
of one other bank; that in examining the
books of the Peoples Bank he found that
the books balanced true without the red
| book; that he first came into possession
of the red book in September or October,
1898; that without the red book he could
| not have formed the definite opinion he
had expressed from the stand; that the
books of the bank showed that some of the
banks interest money was missing: that he
suspected that such money was missing by
making calculations at minimum rate,
which he fixed arbitrarily at IL per cent,
and that he got his data for fixing this
rate of interest from books and papers not
| in evidence.
The next item. he said. was found
in the cash book for August s. 1896. 1t
! was call loans, NJ. S. O.. $1,000. The
other items we're 50, 200 for call loan on
! April 5. 1897; $4,000 for call loans on
February H. 1897, less a credit of s45,
dated April 3. 1897; s15,50O on October 26,
1897" Here the witness was interrupted
| by Mr.. Shields, who asked how much of
! hota s,F dahf hfadp
counted for.
lone hundred and twenty eight thousand
three hundred and fifty dollars" was the
answer.
you can't find thai entered anywhere
in the books of the bank proper, can you?"
mo, sir
yet the books balanced?'
Yes"
where is the SIPS. $50 entered?"
'In the stock book there is a total OF
purchases OF 300 shares Of Net for @ on
! December 10, 1896 amounting to S32, ,337.
| This amount is entered, or approximately
| this amount, in the red book on page
! containing a calculation of the unused
1 portion of 5000, 900 of the Commonwealth >
in the red book is dated January ,. and
contains the figures SO and 20 opposite
! the word Met Quay's name does not
| appear on the page where this entry IS
The afternoon session was confined to
questions on letters which Mr. Shields Sc
cured from the Assistant District Attorney:
He called the experts attention to the let
ter dated July 13, 1897, and asked if the
| s25, GOO which was to have been given TO
| George Hugh ever left the bank.
| "It did not" was the reply.
! Referring to another letter, dated No
vember 81 the attorney said:
MIR. Quay was under the impression that
he owed the bank $61. .625. Did he, accord
| ing to the bank books?'
''The fact is shown in the stock book.
| The bank had not paid out the money"
| Now, / call your attention to the tele-
gram of February 9, 1898, saying: Get out
at a profit. check on you for $1,000.
Was not it fact that Mr.. Quay's balance
at that time was Sl3,000?'
Thirteen thousand eight hundred and
thirty two dollars and ninety y-seven cents -
LAS fact he did not check him on that
date?''
mo. sir; the bank paid no checks for
for him until February IA"
| "And on that date his balance was $780,
S5s.44, was it 'not?'
Yes, sir; and after the checks were
paid his balance was S43. 3.G3071."
| Now. ! show you the telegram dated
February II. 1898. 10 John S. Hopkins. read
ing: II you buy and carry 1.O00 Met for
me, / Will shake the pulm tree. Was a
cent OF the banks money ever paid out on
this transaction except $4,000 from Mr.
| Quay's own deposit?"
| No sir"
And did not Quay on that day deposit
s45. 5.OOO?"
| ''Yes. sir
Expert Goldsmith, shown the letters and
| kilograms, said that they comprised all
which had been offered in evidence. Then
Mr.. Shields called for the bill OF indict-
| ment which was found November 49, 1898
Two years prior TO that" he said "on
| November Il, 1896. what was the apparent
| indebtedness for everything of the defend
ant, NJ. S. Quay?"
ION November H. said Mr.. Goldsmith,
| "the Indebtedness was $50. .S9229
What was ii at the close of November? %
at was 500. .695.42.
ION November IL reiterated Mr..
Shields. was il not SS,20l.GI?'
"It was not: il was $50, ,S92. 20"
We'll. now. let us see, said Mr.. Shields
| rs il not so that on November 10 there
was sold the 1850 shares of u. C. |. stock
that you spoke OF, and that sale yielded
$121 ,SiS.75?"
| Yes"
Mr.. Shields took up the several items OF
credit on account of this transaction.
THE last item of credit is eight months
| after the stocks had been sold?"
Yes, sir"
"If these credits had been made at the
time the money was received for the sale
of the stock. how would his accounts have
stood them
1T would have been IS. .2O1.67''
4 rs not this the amount | gave you as
the Indebtedness of Mr.. Quay, ~
NO. l will explain; The stock book
L.. 4.