The record-union., 1899-04-19

ed II" asked the District Attorney.
To the State Treasurer
Mr.. Shields conducted the cross-ex-
animation. The witness was question
ed about his experience as an expert.
He said his calculations were based
upon suggestions from the red book,
followed by an examination of the other
books.
A long line of questions upon what
the witness based his calculations of
interest We're then asked. The replies
generally were involved but the wit
ness indicated that he obtained the rate
of interest from the current prices in
the money market, and not as the re-
suit of a guess.
The attention of the witness was d.
rected to his testimony that the books
showed Mr. Quay owed $lS5, 1912 at
the end of October 81, 1897. He was
told to show where such evidence ap-
peared in the books. This necessitated
the witness going over each book bear
ing on the account, and consumed much
time.
The defense confined the witness to
the regular books of the bank, and
without reference to the red book, -
black book" and "blue book In pur-
suance of this, $57 ,543. 10 was the total
of the loans charged against Mr. Quay.
There also We're numerous credits, but
balancing the figures left the indebted
ness as above. This left difference
of S12S,3o0 in the amount of S1S5. $50. u
testified TO by the witness yesterday as
having been loaned to Senator Quay
during the six months ending October
81, 1897. The discrepancy was account
ed for, however, by the production
from the 'black book of entries show
ing purchases of Metropolitan and su-
gar stock to the value of SIPS. $50.
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 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 entries of stock transactions
Mr. Shields brought from the witness
the admission that an apparent loan
OF Sof, ,5Uo.l0 should be reduced Sill
so, received through the closing of a
deal in United Gas stock; that the books
also show a further loan of 5000
charged to Senator Quay, was paid By
man named Andrews; that loan of
SlS,95o charged to Senator QUAY was
apparently a loan to Governor Hast
ings; that an item of SO, 200 in Sena,or
Quay's loan account was an obligation
of man named Ahern. The other
a erc fir1rr =
Senator Quay were obligations of 60 r
people.
The successive admissions of the Wit
hesses, Mr. Shields argued, showed that
OF the apparent loans to Senator Quay
OIL sloo,S3o.l2 during the six months
under discussion, all, or nearly all. con-
stituted the obligations of other people.
In other words, that Senator QUAY was
an indorser, and, therefore, only a ten
tative debtor of the bank.
Recess until o'clock.
AT the afternoon session Mr.. Shields
took up Senator Quay's letters to Hon
klns, which have been published. one
of them read
nave at Huhn's 900 shares of Met
ropolitan. Take it UP for me-"
The witness stated that the books did
not show that the request was comnlied
with
Another read: Give George Huhn
szo,oOO for me and send me a note ,,
This was not done.
Inc telegram of February 9. 1895.
reaolng: Get out at profit. I check on
you for $1,000, was referred to-
The witness turned to- Mr.. Quay's ac-
count IN the ledger and testified that on
the date the Senator's balance was
sl3, 3,S42-21. As fact he did not check
on the bank for that amount. No check
was paid for Senator Quay until Febru
ary l4th, when his balance was S,;i,
toS.2S,s and he drew on that day SIT
2215T. ' -
The next telegram was dated ST
Lucia, Fla, February IL, 1898. reading:
IL you will buy and carry 1000 Met
ropolitan for me, viii shake the plum
tree"
The witness admitted that at the time
the famous telegram was sent Senator
quay had a balance of over $50 600
The books show that $4,000 was drawn
from MIR. Quay's account and paid to
a broker for use as margin for his
transaction in Metropolitan.
Mr.. Shields said the books showed
that on November II. 1896. the he
ginning of the period for which Senator
quay IS indicted, his total indebtedness
TO the bank was SS9.292, and on No
vember 18th it was $70,69542.
Ine witness was asked if it was not
a 1act that Senator Quay's indebtedness
at the end of November that year would
have been only $S,201 81, had the pro-
ceeds of large block of United Gas
stock sold on November 9th. amount
ing to $121 ,343. T5 been credited to his
account. A partial credit for this sale
OF S49.3S4.31 was not entered until No
vember 9th
MT Shields brought out through the
witness that all OF the proceeds of the
United Gas deal were not credited to
Senator Quays account until eight
months after the stock had been sold.
and that if the money realized had been
credited properly and PROMPTLY the Sen
ator's Indebtedness would have been
only $S,201 81.
Mr.. Shields asked Goldsmith if he did
not find in the BLACK book that Hop
kins received money not credited to
Mr.. Quay's account
Witness admitted this, but said he did
not refer to it in his testimony he
cause the figures confiicted with Sem
ator Quay's balance as shown by the
ledger.
Mr. Shields endeavored to force the
witness to make the statement that had
Senator Quay's account been pronerIv
credited by Hopkins with amounts due
from the sale of the United Gas stock
the bank would have owed tha csa,,.4..,
II ,263.96 at the beginning of the stat
utory period, November II, 1896. in
stead of Quay apparently owing the