New-York tribune., 1907-10-09

transaction was nothing.
Marvyn Scudder. the commissions accountant,
was the next witness. He told of going through
the books OF the Metropolitan Street Railway
and its check stubs to find how much H. II.
Vreeland had drawn besides his salary. This
salary at first was $4,000 a year. later be-
came $4,000 then was reduced TO $4,000 a
year, Since July I, 1898, Mr.. Scudder testi-
fed, he had found large sums paid to Mr.
Vreeland. which might be divided into TWO
groups. those for which vouchers had been re-
turned-in some cases very fragmentary ac-
counting-and those for which no account what
ever had been rendered. OF vouchered receipts
the amount was $113.316; of unvouchered'
SlS5 249 06. making a total of S29S565 o6 He
then read in detail the vouchered and unvouch-
cred items.
Mr.. Wins promised to put in evidence to-day
what vouchers Mr.. Scudder had found
MR.. sAYRE ON THE STAND.
Edward w Sayre secretary and treasurer OF
the Metropolitan Securities Company, followed
Mr.. Scudder on the stand. The first question
had to do with payment to Mr.. Nreelahd OF
81 900. which was shown 10 have been Tor
in connection with the Interstate Tunnel
Company. concerning which John b. Mcdonald
testified Monday. Then came question as
to check drawn to the order of Thomas r.
Ryan on June o. 1903, for $4,000. This check
was among the 'undistributed items" Mr. Ryan
never accounted for II and never paid the money
to the company. Mr. Sayre had no idea as TO
what the money was used for. President Vree-
land was the man who ordered the payment
he said.
MI WINS then asked him TO identify voucher
and memorandum OF a payment of $2oouo TO
Charles A. Conant on August 26. 1904. This Mr..
Sayre did. Then Mr.. WINS read letter from
Mr. Conant referring to loan made through
him by the Metropolitan Securities Company.
Mr. Ivins wanted to know what the loan was
and Mr.. Sayre said: We'll that was loan to
Thomas c. Quinn. Of The New York Daily
News through Mr.. Conant."
Mr.. WINS expressed his surprise, and wanted
to know If the company had reimbursed Mr..
Conant. Mr.. Sayre said he thought the money
had been advanced and loaned subsequently.
He did not knowlthat the money had ever been
repaid by Quinn Then Mr.. WINS tried TO find
out who had authorized the loan TO Quinn. The
questions and answers in that connection fol-
low:
Q.-By whose instruction was Quinn authorzed
to receive this loan which has never been repaid?
O.-By whose order did YOU draw the check? A
! do not recall, but probably the president-the
natural person that | would receive my instructions
o.-The check is not in your handwriting
have that check xritten-Mr Nreeland or you?
few days; don't know how long.
Q.-How did you come TO know that this was to
for the companys account TO Mr.. Quinn? Al
didn't say that IT was 70 repay Mr. Conant. say
that the loan WIS made TO Mr.. COnant:
Q.-How did you come to know that. it was
through conant 20 Quinn? Who told you OF Quinn?
year
A-No but the notes that accom-
panied Il do ,,
here, Notes herewith. March 81. 1906 TO August
- 1906 secured by 900 shares. $4,000 of stock and
the notes are in my possession
$50 that an item which is blind 10 me indi-
Al suppose that is right
A-Shortly after that letter was dated, on Feb
Q.EThen the loan was made in August Of 1904.
end YOU did not get the notes until 1897? A.-That
Q.-I find that this is in your undstributed
counts. Why haven't YOU carried 1t your books
as loan TO Quinn? Al didn't know at the time
that the check was drawn what II was.
Some fine points n bookkeeping were involved
in an inquiry by Mr. WINS TO payments 20
Stephen Little, an expert accountant These
payments were carried to property and fran
chise account Mr.. Sayre said he could not
in detail the services performed by
Mr.. Little. but was sure that the entries were
all right when he made them. IN 1903. He ad-
mitted that the charge represented no property
and no tangible value. Mr WINS asked II il
was any more OF an asset than his payments to
his butcher for forty years, and Mr. Sayre re-
peated his assertion that ne did not remember
enough about the affair 10 answer questions
properly.
A payment to ex-Judge Cohen Of sS3 100 was
then taken UP, but no particular results were
Mr. Cravath explaining that the paw
ment was on account of some stock sold hI,
Mr. Cohen for the account Of a client.
TWO CHECKS TO CRAM.
The next matter that came I'm co,,snd NJ
WINS to turn sharply on Delaney Nicon. and
brought out the fact that Mr. Sayre had drawn
two checks for 5000 each 10 the order of 7
sergeant Cram, Tammany Hall politician and
friend of Charles Francis Murphy, in February
and March. 1904. Mr.. WINS wanted to know what
the payments were for. Mr.. Sayre thought as
retainer for legal services" Mr. WINS wanted
% know If Mr.. Cram was a practicing lawyer.
dhd Mr. Sayre was sure he didn't know. never
having met Mr.. Cram. He thought the pay
nents We're made as a retainer because Mr. |
Nreeland told him so. II was just after this
nat Mr. Nicoll told Mr.. WINS that he thought
Mr.. Cram had an office in his building Mr. |
wins asked Mr.. Nicoll If he wanted TO take the
stand. Then he delved further into the Cram
2hecks Mr.. Sayre. 1t developed. knew that no
resolution was ever passed concerning them !
Then Mr.. WINS reverted 10 the s24 900 check |
lTaWn 10 Mr.. Ryan and not accounted for and |
asked If there was any resolution in that case |
Mr.. Sayre said there was not. The following |
questions and answers then passed:
$50 that treasurer of the company you |
INert leless felt justified in drawing check Mr.
tEan foT $4,000 and two checks TO Mr.. Cram for !
9tvV each, simply on the direction Of the president
mo without any knowledge Of the purpose for |
vhich they We're being drawn? A.-Mr. Vreeland |
Is president was my superior officer.
Q-What did you regard your duties as treasurer !
o be? A.-Well. the usual ones
Q-Merely TO do what Mr.. Vreeland told you to? |
A.--No. | occasionally acted my own Initiative |
,Q-Once In d while you exercised discretion, |
Id NOuP Al cerfainlt |