New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-04-14
MALBY COURTS INQUIRY
Nothing to Conceal, He Says
"Hotchkiss Undertaking.
TFrcm The Tribune Bureau. J

Washington. April 13.-Representative
George r. Malby. Of New YORK, whose
name appears in the list Of legislators VINO
had accounts with the brokerage firm OF
ElIugwood x Cunningham told the IT'D
une correspondents tonight that he courted
the fullest investigation Of his actions
while a member Of the New York Legs
lature. and that the probe could NOT 90 Ioo
deep to suit him. He declared that Ior
rrany years ne tls been a feithfui servant
of his constituents, and has had a sincere
interest in the success OF the Republican
marty. but that when his character IS at
lacked he is forced TO throw party success
To the winds and insist that 'much-rak-
ing statements be either proved or DIS
avowed. He vehemenly asserted that the
investigation now being conducted hy VII
lam II. Hotchkss is for his own personal
advancement. and that 1t is no longer 10
be tolerated by self-respecting men, MI
MaIby left here for New York to-hlSht-
II have been engaged said Mr. MaIoy'
'in the purchase and selling OF stocks anu
bonds and real estate for more than tWen-
II years ono of the bankers and oroN-
ers firms with which ! did business was
that Of EIlingwood s Cunningham. through
whom I purchased and sold thousahus OF
shares of stock. 1 PAID them cash for AZ
the stock purchased. and in the culmina-
ton Of our affairs it was loss 10 me-
received no ravors az any time from
any one connected with the concern.
never purchased a dollars worth OF stock
from the firm which was in any manner d.
fected by or could be connected with any
legislation in the State Of New YORK i pnr-
chased stocks and bonds and did buSi-
ness generally with that firm. as / did
with other reputable firms in New YORK
ard elsewhere, but IN no instance did l
ever purchase share of stock or bonds
over which the Now York state Legislature
had any possible Jurisdiction
4 never dealt IN New York State securi-
ties where It was possible for the Legisla-
ture to have jurisdiction. Neither the
firm OF EIIingwoJd & Cunningham nor any
other firm can show to the contrary. My
sperulatiOns were peculiarly personal 10
myself. avoiding always any New York
interests. l was instrumental in passing
the revised statute on taxation of New
York State. which resulted in Increasing
the income from woeful deficit. under
Democratic rule. 10 a surplus Of ss,G3 90
at the time / left the Legislature More
than that. after the national government
had ceased to collect revenue from the
sale of stocks and bonds. which was
chiefly derived from Wall Street. 1 was the
sole originator of the present law taxing
the sale Of such securities. which law has
resulted In placing in the Treasury Of New
York more than 100000 n year.
Il have never received. directly or in
directly. either for myself or for my party.
a single penny of benefit from corporation
or any person connected Herewith. 1 re-
gard the present proceeding of the Super
intendent OF Insurance as purely muck
raking proposition for his personal benefit
and those connected with him. / greatly
regret the present political situation which
NAV result detrimentally to the Republican
party. but so far as ! am concerned the
investigation cannot extend too far TO suit
me"