The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1908-11-01
Bic SUMS USED BY
CHARLES ", MORSE
Millions Are Handled In the
Stock Market
QUESTIONS Mt PRESSED
Attorney Stimson Declines to Take
Up Examination of Morse Since
the Banker Bestcd Him In
Last Fridays Tilt.

New York, October Especial THAT
Charles ". Morse obtained 1852 2SS Of
the funds of the National Bank of North
America within the short space of eight
months was the startling disclosure made
at his trial today in the United States
court on the charge of alleged violation of
the federal banking laws
In one month, of all the loans and dis
counts made by the bank the proceeds
Ct 175 per cent of them went to the credit
of the ice man. And with the whole of
this vast amount he was practically doing
nothing but gambling ia the stock mar
lxet.
Apart from these revelations the most
interesting developments of the days pro-
eeedings were the appearance on the wit
ness stand of Miss Wilson. Morses stem
ographer. and the testimony of Mrs. AL
fred II. Curtis wife of the former pres
ident of the National Bank of North
America, who is a co-defendant with
Morse in this case. The expected battle
between Morse and District Attorney
Stimson, with the court occasionally
Morse by his contumacy. practically
caused a sudden and sensational halt TO
the proceedings on Friday afternoon, it
was believed that Mr. Stimson would
bring him to book in the morning, and
that an interesting fight would ensue.
These expectations were not fulfilled, for
Mr.. Stlmson decided not to tackle Morse
again.
When. much to the establishment and no
little to the disappointment of spectators in
court, Mr.. Stimson announced that he had
no more questions to ask Morse, Mr.. Mac
Farlane counsel for the former ice king
took his client in hand. Mr.. MacFarlane
tried to remove the bad impression made
by the correspondence read on Friday be-
tween the comptroller of the currency
and the directors of the National Bank
of New Amsterdam in reference to the
s125,OOO loan to Miss Wilson, which had
been transferred to that institution from
the National Bank of North America
In that letter the directors had said
Morse was not interested in the Wilson
loan and that she was perfectly RESPONSE
BILE.
Morse Salu To-Day, altnOuBn ne nad
signed that note in company with the
other directors of the New Amsterdam
bank he had no knowledge at the time
of its contents. The letters were 'stock''
letters, written by the cashier of the bank
and signed by the officers as matter of
form.
Miss Wilson'S testimony was confined to
identifying letters she had sent to Calvin
Austin notifying him of the dividends
that had been paid on his ice stock put
up by Morse to secure Austin's note.
Mrs. Curtis, who was called by Morse
and not by her husband, testified to con-
versations she had with RADIO, one of the
loan clerks in the Bank of North America
who had given testimony against her hus-
band. She had met RADIO in the street
on one day while her husband was i'll
in bed and had told him that Mr.. Curtis
felt hurt that none of the former en-
ployes of the bank had been to see
him.
well the government is putting the
thumb screws on u.s." she swore RADIO
had said, land we are afraid to go any
where for fear we are watched"
RADIO when questioned had denied that
he ever had such a conversation with
Mrs. Curtis.
After 1t had been learned that other d.
retors, including Havemeyer and ex-
Judge OBrien had obtained loans from
the bank aggregating in one month ST.
124, 00O court was adjourned until 10 a. M
Monday.