The Paducah evening sun. [volume] (Paducah, Ky.) 1906-1929, 1909-10-20
STOCK BOOKS
NOT LOCATED
MAKES EFFORT
70 RECOVER 5000 LOST.
Efforts Were Made TO Make n Com
promise, But This Could Not
BE Accomplished.
BUCKET SHOP CASE Is UP

Cincinnati, Oct. 20.--Efforts of
the prosecution in the case of A. G..
Roberts and w. NJ. Farless, of Hen
derson, KY, to recover something
more than $4,000 from w. d. Klaus
man and b. n. Morehead, of the de-
funct company of Morehead & Co..
were directed today in the federal
court to bring to light ledgers and
minute books covering the business
of the company in 1906 and 1907.
Effort was also made to produce a
stock book-which the prosecution
claims does not exist, the idea be-
ing to prove the contention of the
prosecution that there was never any
STICK issued by the company. After
a deposition from the cashier of the
Evansville National Bank was read.
Attorney Charles Dole was placed on
the stand. He said that he had been
unable to find the books which the
prosecution sought
The prosecution then introduced
II. II. winens, cashier Of the merged
American National Bank. which hand
led the funds of Klausman and More
head. Winans said the funds of the
Morehead company were deposited
under the name of b. II. Morehead
individually.
"Your honor" said Attorney Rob
erts, eve can show that the money
won from my clients was telegraphed
by Gavitt, the Evansville agent. di-
rect to the American National Bank.
Gavitt's commission; that IL
was deposited under the name of
as an individual; that
from time to time the funds accumu-
lated from the hundred agencies
throughout the country were checked
against by Morehead for the personal
use of himself and Klausman, no less
than to meet gambling losses. We
can show that on November 4. 1907,
however. there remained nearly $500.
600 on deposit. and that on that day
It was "whacked up" between More
head, and Klausman. We can show
that while operations were conducted
under the name of Morehead & Co. ..
the money won was constantly being
converted TO the use OF these two in
dividuals"
THE plaintiffs are suing to recover
some $4,000 alleged to have been
lost in gambling Let them contine
themselves to that" was the stand of
the defense.
Court Adjourned.
Finally court was adjourned for
half an hour or more while an effort
was made at compromise. 1t only
succeeded 10 this extent, however, that
Cashier Winans was taken from the
stand, and an agreed statement was
dictated to the stenograDher for the
benefit of the jury that the defense
agreed that the funds of the Mere
head company were deposited in the
name of Morehead individually.
James NJ Hutton, Cincinnati
broker. was then introduced TO dis
tinguish between legitimate and IL
legitimate stock trading, but Attor-
ney Cassatt objected on the ground
that even yere t proven that the de-
PENDANTS operated a bucket shop. the
present case concerned itself, with a
specific transaction to which atten-
tion should be confined.
The court ruled against any com
parison of Hutton's methods with
those Of Morehead and Klausman.
The prosecution then introduced
Supt ] n. Miller of the Western
Union Telegraph company Miller
said that during the period covered
by the transactions at issue, More
head & Co. had three ticker wires
from New York.
Ibid they have a fast wire'?"
eyes. beginning April /. 1907"
"What was this fast wire?"
An objection was interposed on
the ground that the time specified
was after the term mentioned in the
suit.
1t was brought out that the So
called "iast wire" was not installed,
If at all, till after the present trans
action is alleged to have taken place,
and therefore no explanation of II
was made I'm court.
Evelyn Guynan, who was conf
Dental secretary of the b. II. More
head company for some months prior
to the bankruptcy action, was called
late in the day. She said she kept
records in loose carbon copies.
When asked to identify certain sheets
she was unable to do so.
Charles l.. Kramer who had
charge of the stock delivery book,
declared that when an order came in
calling for delivery of stocks he
would get the stocks through other