Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-04-18
No 90 WHEELING W. VA TUESDAY APRIL IS 1899

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ton. The rule of the administration OF
justice makes it necessarw that one
side shall be heard at time"
In answer to question, the witness
stated that the books show that OF the
State deposit 20 per cent. was used for
the bank without interest, 100000 was
set aside for the use of NJ S. Quay, and
interest on the balance was computed
and divided between M. S. Quay, b. }.
Haywood and C. H. Mckee.
Mr.. Shields. for the defense. asked
that the answer be stricken from the
record on the ground that, no entries
in the books warrant such testimony.
Make him produce, for instance, the
entry showing that 100000 or one
penny was set aside for Senator Quay"
The judge declined, saying if the
statements are false they can be proven
so on cross-examinatiOn or when the
defense puts it's witnesses on the stand.
The witness said the books showed
the following balances due by M. S.
Quay at certain periods during the six
months for which no interest was paid
and upon which calculations of inter-
est were made at the end of the period:
April 80, 1897, $56,292.62; May Is,
$51, 292.62; June IL, $66,S00; July q,
$50, 01250; August 2, nothing; August
80, sci ,625.
He said it remained at the latter
amount until the end of the period Oc-
tober 81, 1897.
The witness then gave a long list
of call loan borrowers who paid inter-
est on loans and which was approx
mated, he said, to pay interest on
Jr- Ii
Haywood. The amounts ranged from
1920 to $2,295.59, the latter amount be-
ing paid the bank by R.. r. Quay. He
followed with list of those who the
books showed failed to pay the inter-
est, but which was added to their in
debtedness, and list of those the
books showed paid their. interest.
These amounted in the first instance
to $6,029.51, and in the latter to $13,-
931.57. M. S. Quay's name was not
mentioned by the witness.
The witness then went over the per-
iod from October 81, 1896 to April 80,
1897. The same line Of questions were
asked by the District Attorney. The
State deposit during that time ranged
from $615,000 on November /, to $685.
600 on April 80.
What amounts do the books show
for that period was borrowed by M. S.
Quay?"
"s247, $780,
AS to the defendants stock transac-
tons the witness said there was an in
debtedness of $40, 1SS.86 remaining from
the years 1894 and 1875, when $780,
5000 worth was sold out of $780,
S09.06. October Is to 81, 1895, 1000
shares of United Gas were bought for
$50, 1902; August Is, 1896, 200 shares
of United Gas for $12,425; September
IL, 1896, 800 shares of United Gas for
S19,762 co. A dividend of $500 was col
lected, leaving the balance S19,262.5O.
On December Is, 1896, 800 shares of
Met" were bought for $32, 337.50, MAX
ing the total 1S4,404.4S.
Goldsmith testified that during the
period ending April 80, 1897, the in
terest on Senator Quay's loans amount
ed to 81 ,492.9S, but he paid only $236.25.
Objection was made to the witness
stating such deductions, but the court
ruled the answer as admissible because
it is merely a statement of what the
books show.
Recess until 1 p. m.
Goldsmith testified that during the Pc
Rod from April 80, 1896, to October
81, 1896, the Commonwealth deposit in
the Peoples Bank ranged from $450,000
to $615,000 The aggregate of call loans
to Senator Quay during the period was
$172,73115. Stock was purchased for
Senator Quay to the extent of $780,
06690.
During the six months the interest
paid on the State deposit was $2,451.11.
Senator Quay did not pay and was not
charged with interest on his loans. Dur
ing the six months ending April 80,
1895, the State deposit varied from
$780, 900 to S625,000.
Senator Quay was loaned $141, 929.4S.
His transactions in stocks during 1894
and '95 were included in this period,
purchases for his account aggregating
$500, S09.06, and sales credited being
$500, 5000, leaving $40,1SS.S6 to which
was added $S4, 490.62 for purchases dur
ing the period under discussion. No
payment of interest by Senator Quay
on these transactions is shown by the
books. The payment of interest on
the state deposit during the period is
shown to be $1,317.50.