The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-11-13

/ read It and handed 1t to Mr. Cooper.
Chisolm picked up a little book about
two inches long and one and half inches
wide. and put in his coat pocket. | asked
him for Il and he handed il to me. Coop
er said. This is a daily record of his
defalcations. asked to see other letters
which We're In the suit case. which he
declined TO show. saying they were perso-
nal letters. I insisted and he handed them
to me. He then put his hand in his hip
pocket, leaned back in his chair and
said, MIR. Percy, it's no use. I'm guilty.
Hands Over Money and Check.
"lIe then handed me over all his papers
in the suit case. He had pocketbook
containing money and a check lie said
the money was the banks and the check
had been paid him on the last trade in
cotton. There was Sl50O in money. and
the check was for S1250. He had 5000 on
his person. After saying that he was
guilty he said his total shortage was
100000. lie said he had lost the money
specializing on cotton with Gilbert & Clay
and 7. G. Smith. He said the papers in
the suit case were margin receipts and
he gave them all to me. Papers identi-
fed. l gave all the papers to the bank
Tells About His Trading.
The witness then proceeded to state
what Chisolm said about his trading with
Gilbert a. Clay that chisolm said the
papers were signed Gilbert e Clay, per
c. NJ. Hays and Gilbert e Clay. per W.
l.. SIMS that Chisolm said that Sims
kept him posted constantly about market
prices; that he met Sims one day at
lunch and they talked about cotton; that
Sims telephoned him constantly, and that
he told Sims he couldn't afford to trade,
as he had no money. That afterwards he
made trades with Sims in the name of
s. NJ. Webster, and that he paid Sims
money through the opening in the teller's
office In the bank That he paid money
to Smith in the bank and paid money to
Niger porter for Smith: that Smith
urged him to trade and kept after him
about trading chisolm told witness that
his first tradings were small, in the early
part of the year. That at one time he
(Chsolm) was sls0, 900 on the wrong side.
but had made trade in L. & NJ shares
and picked up good sum. that he al
| ways lost on cotton.
Fooled the Bank Examiner.
Witness said that Chisom told him that
| Sims knew 1t was TIL, banks money he
was using that he (Cmsolm) said the 500
| 600 was taken from the reserve box when
Mr.. Harding left his key in the lock; that
! Harding had been to the box 10 get out
bonds and was called away. leaving the
| key in the lock.
| II coll
he concealed his shortage from the bank
inspector. Oh said he. It's too easy fool
! ing a bank inspector. | used to make out
charge tickets against certain customers
| and have myself credited with tho
| amount. | would then make out deposit
slips and credit the customers with tho
amount
Worked In Bucket Shop.
Chisom told witness that he told Sims
that Webster lived in Georgia. but that
| Sims knew there was no such man.
"Chlsolm told me- said Mr. Percy, that
| when he was "A boy he worked In a
bucket shop one summer during vaca-
tlon, challlng up the quotations on the
| blackboard. and that he always thought
he could make money specializing on
stocks or cotton"
| Witness said that Chisolm told him that
| Sims and Hayes knew he had no money
| of his own. and that when he made his
| first loss Sims smiled, and that when lie
! had lost a large amount Gilbert & Clay
| refused to trade further with him: that
/, Sims told him to place his orders else
where That when he (Chisoln) received
check payable to Webster he used to pay
it, as it were to a stranger; that Gilbert
& Clay and p. c. Smith were running Of
fees where money was taken to purchase
Ton OF In hat In lfa1 Il a
business in the name of K. ID. Chisom
and afterwards changed the name to e. c.
| Miller That orders to buy and sell were
given to Sims, and that the money was
| usually paid to Hayes. That Chisolm said
| that nobody In the bank had any eonnee-
! ton with his acts. that the book con-
| tanned a daily record of his shortage and
| the amounts he took from the bank daily.
| That on some occasions he was actually
! short in his cash In the office, and that
| at times he put money back.
| This concluded Mr. Pereys direct ex-
| animation, and Mr.. Bradley read to the
| jury the letters found In the suit case
| and the one brought by Forsyth. These
| letters related to cotton transactions and
! were from agents in New York. advising
| Chisolm to buy September cotton as the
price was certain to go up.
BY this time ii was $50, and Captain
| White said he could not possibly conclude
| his eross-examinatiou before adiourn-
ment.
Court then adjourned until $50 this
morning.