Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1913-09-18
Governors Transactions in Wall
Street Described to Com
mittee under Oath.
OWED AT One TIME S5O,612
Member of His Staff Paid Bal
ance of Indebtedness on
July 16 and Took
Collateral.

New York, SEPT. l2--,Governor Suffers
transactions in Wal, street from June
81 1910 till they ceased at least so far
as enc FIRM Of brokc,s was concerned.
ION July IL last, were described under
oath to-day by Melville d Fuller. WHO
said he was Sulaers broker. IN q hear
ing held by the nine Impeachment mar
agors appointed b. the Assembly.
Mr.. Fuller vas an unwilling witness be-
fore the Frawley investigating committee
recently and refused to testify concern
ing certain matters. To-day he answer
ed all questions put to hin. He testified
that Sulzcr had paid him $4,000 IN par
son within "A month and q day after ,he
election last fall and that he, (Fulleri
had had no dealings with Mrs. Suizer
According to Fuler's testimony, Will
liam Sulzer opened an account with lis
firm, Harris g. Fuller on June q, 1910
while Sulzer was a representa- tive In Sep
TENDER, 1910 Mr.. Fuller testified. Sui
ger borrowed $4,000 from the firm, giving
as collateral 400 shares of Big Four
railroad stock. In November of the same
year Sulzer added some American Smelt-
ing stock TO that already in possession
or the brokers In order to increase his
collateral.
big four declined from so TO 81 within
a year. Mr. Fuller continued, "but Mr.
Sulzer bought some more of the stock
and added Southern Pacific to his hold
ngs."
On June "a. 1911, Mr.. Fuller said. the
brokerage firm was carrying for Mr..
Sulzer 400 shares of Big Four stocL 200
shares of American Smelling and 100
shares Of Union Pacific. In February.
1912, the FIRMS holdings for Mr. sulzer
were increased by an additional 100 shares
Of Big Four stock and Sulzer owed them
1885,. On November 10, 1912, few days
after sulzer was elected governor Of
New York, Mr.. Fuller c,Iltinued. Sulzer
walked into the Office of Harris & Fuller
with ten ono thousand dollar bills in
his hand. These he paid on his account
his indebtedness having increased to $50
61o
on December 6, Mr.. Fuller said, Cover
nor-elect Sulzer paid in person Sc. 600 more
on his account On June 16 of this year
Suffers debt to the brokers had been
further reduced. there having been pay
mentS in the interim aGgreGatng $3.50
one OF the checks included in these pay
ments, Mr.. Fuller said. was from \. F.
HilIEES' Il FORMER governor of Montana.
Lieutenant-Commande Josephthal OF
Governor Suffers staff visited the office
Of Harris e Fuller on July 16 last. Mr..
Fuller added. and closed the account bv
paying the balance, 500 80 Mr. Joseph
thar received the stock left by Sulzer
as collateral, presenting an order signed
in suffers name for it, This order was
produced. II read as follows:
"Messrs. Harris and Fuller:-
Gentlemen: Please deliver to Iieuten-
ant-Commander Josephthal the securities
now held by you as collateral in my loan
upon payment of the debit balance there
on.
(signed civilian SCLZER. for Mrs
Sulzer."
Mr.. Fuller said the signature was Sui
zers. He could give no explanation Of
the words For Mrs. Sulzer." he said.
as neither he nor his firm had ever had
any dealings with her.
The managers adjourned until to-mor-
row after receiving Mr.. Fullers testi-
mony.