The sun. [volume] (New York [N.Y.]) 1833-1916, 1904-10-20
THE BOB ACCOUNT AT SULLY'S.
10000 BALES OF COTTON CARRIED
FOR JAMES NJ. BAKER,
Assistant Librarian OF the u. q. senate Who,
Partner Morse Testified. was Expected
10 BE Able to influence Legislation
That Sully Wanted-Loss, 500 900.

10 BE Able to influence Legislation
That Sully Wanted-Loss, 500, 900.
Daniel j. Sully testified In the Sully
bankruptcy proceedings yesterday that he
knew nothing OF James NJ Baker, assistant
librarian OF the United States Senate, for
whom the Arm had carried 10000 bales
Of cotton, except that Baker lived In Wash
ington and was friend Of g. F. b. Morse
his partner. Several of the FIRMS books
in which entries had been made under the
name Of Bob" were produced. Mr.. Suly
said he had never heard Of Bob.
The books showed that in several cases
a longer name had been erased and Bob"
written In its place. One entry OF 1000
bales under Bob's account, Sully admitted,
should have been put down to Baker. He
had never seen the book before and couldn't
account for the change in names.
Mr.. Sully testified that when he had
turned over his automobile to his daughter
she had traded it for another and
check for 1900 in the bargain. He re-
fused to tell in what bank his daughter
had deposited the check. He further
told about mink robe costing S525 which
he bought az a present for his wife. His
wife had brougham, a coach, a victoria
and four horses, he said.
Mr.. Morse testified that the firm had car
ried 1000 bales OF cotton for Baker with the
understanding that d. j. Sully Il Co. should
bear any losses due to market fluctuations.
The firm took the responsibility because
1t had hopes that Mr. Baker might prove
OF assistance in influencing legislation at
Washington in which Mr.. Sully was inter-
ested.
Didn't you know" asked Ernest E.
Baldwin, attorney for the creditors. that
when you purchased 10000 bales for Mr..
Baker at your own risk your firm might
suffer severely il the price fell even one
point2"
yes said Mr.. Morse, -but 1 didn't
anticipate the decline"
Mr.. Baldwin said that the firm. and con-
sequently the creditors, had lost fully $780,
600 on the Baker account.
Mr.. Morse said that Baker was an old
friend Of his. and had been induced BY him
to purchase cotton. Baker had agreed to
put up a first margin. Beyond that the
firm was to be responsible for losses, Mr..
Morse said, the reason being that he hoped
Mr.. Baker might assist sully in some legis-
lation regarding Government inspection
Of cotton and study OF cotton seeds, Nothing
was said to indicate that Baker had made
any promises to Morse.
did you think that Mr.. Bakers knowl-
edge of cotton seeds or his knowledge OF
legislation would be useful?' asked Mr..
Baldwin.
His knowledge of.legislation.'
Mr. Morse said he didn't know why
Bakers name had been erased and Bob"
substituted. He had told Mr.. Hadey,
the bookkeeper, that the account was a
house account, but knew nothing about the
change in names until after the failure.
WAS it to conceal from your creditors
your real liability that the account was
changedp'
mo, sir don't know why the account
was changed"
At the previous hearing before Referee
Coke Mr.. Sully was asked how much life
insurance he carried, and was so uncertain
as to the amount that he was told to pro-
duoe the policies at the hearing yesterday.
When they were called for, Attorney Com
stock of Providence, who represents some
OF the New England creditors, stood up
and said that the policies were in his Provi-
dence office.
Il have been to a political convention.
and didn't have time to get them he said.
He promised to produce them at the next
hearing, which will be at ? p. NJ. Friday
Oct %