The Lemmon herald. (Lemmon, Perkins County, S.D.) 1912-1917, 1913-10-03

Albany, n V, oct THE end ~
testimony of witnesses for the board
of managers in the Impeachment
trial Of Governor Sulzer is in sight
Another day and the last of the wit
nesses will have been heard, the
managers attorneys said.
Despite the prosecutions statement
that no testimony on new features is
likely counsel for the board may be
able to spring surprise at the last
minute. 1t is known that detectives
the case, but have not obtained the
evidence they want If they fail more
testimony on the money charges will
wind up the direct evidence.
Accusations on which no testimony
has been offered were included In ar
accuses the governor OF "practicing
deceit, fraud and using threats and
menaces" and being guilty of misde-
meanors" in concealing papers and
documents wanted by the Frawley in.
vestig ating committee.
Article accuses him of dissuading
Frederick l.. Colwell. his alleged
Wall street dummy" from testify
ing. Article alleges that the gov
crnor used his office and influence
corruptly to affect the current prices
of securities In which he was or had
been interested
Broker Takes stand.
At the opening of the morning ses.
sion Melville B. Fuller OF the broker
age firm OF Harris & Fuller was
recalled to the stand He opened
the firms ledger at the page bearing
the account of William Sulzer. The
account was opened, he said on
March 18, 1910. The first entry was
the sale OF 100 shares of Big Four
Another sale OF 100 shares followed
on May IT, Then the account was
closed
The account was reopened again
en- June 81, 1910, according to Fuller.
when the firm bought 100 shares OF
Big Four, at 80 and 100 shares at 81,
on which the firm loaned Mr.. Sui
zer." as the witness expressed IT,
Sc, 000
ca July 7, 1910. Big Four had drop
pee 70 II, wiping out the governors
marin. The firm then called on
Mr.. Sulzer to make deposit.
Attorney Kresel then followed the
fuctuating course Of the governor S
stock deals with the firm. The ac-
count showed that Big Four kept go
Ing down and in order TO keep his
margin good Mr. Sulzer kept desposit'
ing against it, not cash, but more
stocks. On Oct. 81, 1912, the market
yalue OF these securities had dropped
to $4,000: interest had eaten into
the margin so that Sulzer owed the
firm s50,6l2
Calling for More Margin
Meantime Harris & Fuller had
been calling for more margin. Final.
ly Mr.. Suzer paid $4,000 In cash
This was on Nov IS, 1912.
Having replenished his account
with the $4,000 cash Mr.. SulZer
bought 100 shares more of Big Four
at 50 The market kept going down
and sulzer paid 5000 more cash
margins on Decf 10.
Then it appeared on the books far-
r,s & Fuller credited the governor on
Dee 90, with loan of s+O.26l
What was the purpose OF th's
loan?" asked kresel.
1T was to keep those securities III
our posses on" replied Fuller ana
to keep them from going about the
street as collateral. MY partner
thought 1t was wise not to nave sec'''
rites going around the street 10
William Su zer's name.
Kresel then handed the book 10 tne
witness an, asked him to total the
amount loaned by the firm TO tne
governor up to Dec. 80. 1872. .o
Don't your book include the s4o.'