New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-04-09
GLLDS'S NAME IN LEDGER
Had Dealings with Brokers
Named in Insurance Probe.
OTHER LAWMAKERS ON LIST
Ellingwood and Cunningham
Books Expected to Reveal
Strange Accounts.

strange accounts.
Tho name Of former Senator lothian J.
Aids is one Of those on the title sheets
OF the Ellingwood & Cunningham ledger
iages now in the possession Of Superin-
tcndent Hotchkiss Of the Insurance De
partment, 90 be used in his Investigation.
The ledger sheets came into the present
inquiry last Wednesday. when the
Superintendent subppnaed James W.
Cunningham. Of Ellingwood & Cunning
ham. which firm went into bankruptcy
on February IL. 1904.
Wednesdays session brought out the
name OF Louis Bedel as the owner Of
one account in that ledger on which. in
1900 and 1901. when Beden was an AS
semblyman. there appeared sundry
credits by check and cash from @. Tracy
Rogers
The sheets now in possession of Mr..
FSotchkiss bear the names OF twelve men
who We're IN the Legislature al that
time. and though Cunningham has re-
fused 10 identify or even 20 read the
names at the title lines OF these different
accounts. il is expected that the Super
intendent himself viii read the names
into the record.
Conoer's Counsel Found Facts.
Edwin A. Watson. Il the law firm Of
Truax & Watson. No. l41 Broadway,
was the original investigator Of the leg
islative connections Of EllngwoCd &
Cunningham. He was OF counsel for
former Senator Benz Conger and
learned then that Aids name appeared
with that Of O. Tracy Rogers on the
firms books. Stock sales which brought
into the account 8. 400 in one instance
were found ia Ands's account with the
firm, but the most searching investiga-
ton Of all the records e the firm failed
20 show where the stock came from.
Apparently it just dropped in said
Nr Watson yesterday and was there
upon sold and the amount realized
credited TO Auds's account. and that was
quickly followed by a cash withdrawal
by Aids from the account
Watson's investigation Of the legisla-
tive accounts Of the former brokerage
firm led him also into an Investigation
q the stock book and ledger of the New
York Transportation Company. in which
he found that more than dozen legisla-
tors Of that period had been speculating
heavily at the very time that matters
were going through the Legislature
which closely affected the status of that
company.
His first inquiry as TO the books Of
EIHrgwood & Cunningham was met with
the reply that all the books had been
destroyed. but after long discussion Of
the case with Cunningham he convinced
him that he could help along a great
deal with the housekeeping at Albany
by producing the records.
Legislators Still in Debt.
Several q these legislative spectators.
Watson found by his examination Of the
books. had substantial debits to their &C
counts when the firm went into bank
ruptcy, in 1909, and most Of those un-
paid balances. il is said. still stand
against them.
Pedeu went TO Europe about the time
the Alds-Conger case came UP. and the
entire outfit Of records Of the brokerage
firm would have gone out Of the jursdic-
tion IF this state al about the same time
had Il not been for the intervention Of
Conger's counsel. As il was. however.
the records were turned over 70 Watson.
O. be used as he saw fl IN the investiga-
tiOn Of Ands's connection with the firm.
This Investigation has shown that the
firm OF EIlingWood & Cunningham was
little short Of legislative clearing
house. II was through this firm that
legislators speculative accounts, referred
TO briefly by William H. Buckley in his
testimony. were carried on. in many. IL
not in most. cases at times when legis-
lation affecting the interests in which
they We're speculating was before the
Legislature.
Bedell Account Discusses.
The BedeI account. as testified TO on
"Wednesday by James W. CUNNINGHAM
showed Withdrawals in cash OF sums
Hggrogatng upward q $1,000. when his
balance was debit 10 the extent OF up-
ward Of 5000, and on dates closely fol-
lowing those cash Withdrawals We're
entries Of cash or check credits from G
Tracy Rogers for the identical sums
Withdrawn.
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