New-York tribune., 1908-10-31
MORSE C0NTRADlCTS
CURTIS AND OLER
MAKES HEATED REPLIES
TO PROSECUTOR.
Tells HIS Version of Bank Of North
America Transactions-Testifes
for Sir Hours.

Charles Y Morse was the witness stano
for nearly six hours yesterday in the morse
Curtis trial before Judge Hough in the On''eu
states District Court The witness contra
dicted the testimony of Mr. Curtis ana mat u
Wesley NJ. oler in important particulars ana
made soroe rather heated retorts in the course
Of his cross-exarnination by United States Az
torney Henry I. Stimson-
MI Stirnson asked Mr. Morse If he dld not
4o-ce the National Bank Of North America u
lend him Sl26eD0 on october 16 Of last year
when he gave his personal check for tlia
amount 10 F. Augustus Heinze after Alireo II
Curtis the banks president. had reluseo ~
make the loan and when he cdorse) olo NJ
have enough money on deposit 10 meet me p's
-. .r h.5 ,,la-tz of collateral IN the bank
-rss Nj Morse's answer. Didn't the nahA ieii'
sos 600 N President William F Haveneyer
-, s-s ,ese-ve was away below the legal
Ii7ait?" -,
NJ Morse insisted that he was perfectly SOL
want IN October 16 Of last year and Wen % auio
- nav all hts debts What's more salu 'He
ice King" I have paid all my lnoeo'eoIesS
except what Is disputed
-, ssorse got his dander up" frequently
,7n6er Mr.. stirason's prodding. and several
times Judge Hough had 10 call the witness 10
time. -.
,rse,e counsel succeeded in getting before the
.-- E, ,be e7Iise If A question the fact that
William h RidgeIy. as Controller OF the ouI-
-enov. had q talk with Nj Morse in TINS CITY
;r the spring Of last year, and ahsolTeo -'"Ise
@-or, all responsibility in regard 10 the aIafS
~ the National Bank Of North America Fur-
+re-r7ore.' said M Lttlefeld. Nj hloselE
discussed with Mr. Morse a plan of gong ih'o
The banking business with him Judge Housh
ruled this conversation out. but the jury had
heard the gist OF the facts
CURTIS DIDN'T SAY BUSTED BANK
Nj Morse denied fatty that Mr- Curtis had
said to him on October 16 Of last year that ne
Cnforse) had busted" the bank 'Nr- Curtis
never said anything Of the kind to me- snapped
Mr.. Morse Wallace Macfariane. Of Morse
counsel. wanted to tell the jury that the hank
had not busted on October Is, had not closed
its doors until January - following. and then
only for liquidation and that all the depostors
had been paid in full with interest, with assets
enough left 10 make the stock worth SOD
share Judge Hough ruled adversely. but Mr
Nsrfarfane had all the facts before the jury
despite the ruling
In regard 10 the S16HOo0 note made by Calvin
Austin president Of the Consolidated Steamship
Coupany. and discounted by Morse in the Ma
tional Bank Of North America, the witness said
that he had made SO much money for Austin
Stinson asked Mr.. Morse about his guarantee
Of this note Was the guarantee binding"
asked the prosecutor. 4 guess il was an
svvered Rr Morse. I had TO pay the note
M Stimson quizzed Mr.. Morse closely in re-
gard 70 the real value Of the verbal guarantees
which he gave for the Whiting and Dawson
Brown dummy" loans and wanted to know
why these loans were not charged against Morse
in the reports TO the Controller Of the Currency
Because there vas no record OF the guarantee
on the books Of the bank" Mr.. Morse's
answer. Much Of Wall Streets business is done
by means Of verbal guarantees"
In regard 10 loans TO X. A Wilson who was
Riorse's secretary Kate Wilson, Morse admitted
on c-oss-exsminatioE that they We're his Mr..
Stinson asked him if that had been his under
standing since the beginning, and he said that
Il had Nj Stimson then introduced into the
evidence correspondence between the Controller
Of the Currency and the New Amsterdam Bank
concerning a loan Of S125.376 carried by that
hank for X. A. Wilson.
NOT A MORSE LOAN. THEY WROTE.
Collateral for that loan was 4:}0 shares Of the
National Bank Of North America, in the name of
Primrose & Braun, which worth SlGcoy
less than the amount Of the loan. Controller
pidgely objected TO the security and wrote
that he believed Morse was interested in the
loan and if 50, II should appear on the records :
He demanded a detailed explanation from the
directors OF the bank, and in reply they wrote
him thar Morse was not directly interested in
The loan and that the maker Of the note was
good for It without collateral.
TIE reply was signed by Charles Y. Morse.
Tobn 2. Carroll Joseph p Carroll. Miles O'Brien
and other directors.
MI Stirnson made much os the point that the
first time Mr.. Morse had been called upon 10