New-York tribune., 1908-10-25
Reserve over.

L.. 524 554 50 21i1l
Reserve over.
In an argument between opposing counsel over
the condition of the reserve October 16 1901 Mr..
Stimson remarked heatedly: 'It will show that,
bad any other customer of the bank asked for
loan that day. he would have been refused
Charles NJ Schwab. who was one of the directors
of the bank at the time of the alleged Morse over
drafts. was next called to the stand Mr.. Slim
asked him whether. director, he knew that
Morse, prior October Is. 1907, had overdrawn
his account. The defence fnterposed strong Objec
tions to Mr. Schwab answering this question, and
Judge Hough sustained the objection. Mr.. Slim
son then admitted that he had called Mr.. Schwab
before he really wanted him because the latter
wanted to go of town. Mr.. Schwab was then
excused but was told that ne would have to be on
hand again on Monday.
WAY OF BALANCING OvERDRAFTS.
Mr. Moxey was then recalled to the stand. He
testified that he had discovered from a close ex-
animation of the books Of the National Bank OF
North America that Morse had an unusual method
of making the bank meet any evedrafts he might
issue. The bank, according to MIR. Mexey. cashed
the Morse checks they in, and at the close
of the days business Morse gave note to balance
any overdrafts. The prosecution also tried to
show that Morse's checks were certified TO any
amount without question. Mr.. Stinson brought
out however that. as the checks were not cleared
until the day following, the bank was tacltIy
pledged the payment OF outstanding Morse
checks of unknown number and unknown amount
Morse not giving the balancing notes untl alter
the bank had paid the cheeks
The early part of the session given over to
the testimony Of large number of brokers with
whom Mr. Morse had had dealings in October and
November OF last year. Marcus Mayer, Arthur w
Pepper, of Pepper g. Sternbaeh, and H. w. Shoe
maker of Shoemaker Bates q Co, tod of trans
actions handled by them for MI Morse IN Censoli-
dated Gas American Smelling and Refining and
Delaware 81 Hudson stock The witnesses told OF
sending large checks to Morse. and also Of recev-
Ing checks from him.
Clerks from Arthur Upper Co. Albert Loeb &
Co. Hooley, Learnard g. CO. and Hayden, Stone &
Co. also testified transactions OF Morse with
these firms. 1t came out that Morse had carried
an account with Albert Loeb & Co. In the name Of
j. F. Carroll. Deals in American Ice Securities
NevadA-Utan Consolidated. Arizona Smelling.
Davis-Daly and Butte Coalition were also described
Mrs. Curtis in court, usual. Gordon Wen
dell, who sits No in the jury box seems to
have recovered entirely from the illness which de-
layed the trial last Thursday.
The trial will go Monday morning Mr. Slim
son has reached the fourth and last section
of his case-that dealing with alleged over-certh-
cation-and the prosecution expects TO be through
by Wednesday at the latest, There is nothing as
yet to indicate how long the defence will take to
put in its 1t is hardly probable that the case
will go the jury this month.
RUMORs OF. FRICTION
counsel for Morse and Curtis. Representatives of
the banking interests of this city and of
try. II learned yesterday, tried TO obtain
separate trial for Mr.. Curtis Before the petitions
were presented to the United States Attorney in
this district Mrs. Curtis carried them to Wash
ington and presented them there the Attorney
General. He referred the matter to Mr.. stimson
who declined to grant 1t.
Speaking OF the trial of her husband Mrs. Curtis
said: Yes | have attended court everyday since
ND al haoan and how Hcfan
tentively all the evidence and fail TO see that
the government has made point to my
husband with any intent to misapply the funds of
his bank. and my implicit faith in him has not in
the slightest degree been shaken. Mr. Curtis's
friends also-social. club and busness-have loyalty
attested their faith in his integrity Of purpose by
letters from all parts of the country his bank
ing friends have signed petition pleading that a
separate trial be granted 10 Mr. Curtis. The Dis
trict Attorney has not At 10 grant the request
Certainly my husbands bank was not so badly
managed. for after all the tremendous expenses of
receiverships and the enormous sacrifices made by
Mr. Curtis to get in the the depositors have
been paid in full with per cent interest with as-
sets Of 100000 and other claims OF real estate A
for stockholders."
Ths petition of New York bankers in asking for
a separate trial for Mr.. Curtis said:
ably; we believe him to be honorable upright
lite 49, GIL Walks OF
He is man Of family leading quiet life u5tb
out assentatien. wh9 has held positions of hanor
in the banking aAd business void " AS-'os
TO such man, with such record Wa fe.l .
separate trial is due righteous and iust at
prove his innocence ''S 10
Among those who signed the petition were A Oil,
bort president of the Market and Fulton Nation,
Bank and president OF the New York Clearing
House; Gilbert G. Thorne vice-presdent of ~
National Park Bank; Frederick D. sehenck. presi
dent OF the Liberty National Bank: II A smith
vice president OF the National Bank Of Cor,nnerc
Dumont Clarke president of the American Ex-
change National Bank; W A Nash presldant ~
tho Corn Exchange Bank; William A simonson
vice president OF the National City Bank; / Ed