The Washington times., 1913-08-17

dence to establish the Sulzer defense, IL
was inttmated, would be explained by
a declaration supported, by evidence
that the records OF. Mrs. Suizer's trans
actions. together with letters and lew
els, were stolen. Horgan, according to
| Mr.. Sulzer. stayed at the Sulzer apart
I ments while the governor was away
| campaigning. - 80.
| Ran Fwu Accounts.
It's not alleged. that Mrs; suIzer had
Eanything TO do WITH the account with
Harris & Fuller. which was in the
name Of William sulzer. but sometimes
was known as Account 6s; but Account
zoo with Fuller & Gray and the account
of Edward L. colwelI with Boyer. Girls
void & Co. 1t will be argued. owe their
origin to the speculations undertaken
by Mrs. Sulzer. .
committee showed that 200 shares OF
Big Four were purchased for cash on
October IL through Fuller & Gray, the
I amount involved being S1I,625. This
was for Account 500. which was con-
nected with Governor Sulzer through
the testimony of a young clerk named
sutton, a brother-in-law to Mr. Gray
member of the firm- Sutton swore
that Gray told him that Account 500
was the account Of William Sulzer
| II was shown by the testimony. was
delivered to Mr.. Colwell in the Nassau
Bank
! ME-. ,Colwell, who has been alleged to
have been a dummy for Mr.. SuIzer.
could not be found by the FrawIey
committee to explain his activities In
testimony he gave at an earlier ses-
sion he admitted that he frequently
met Mr.. SulZer and discussed the stock
market with him.
Signed Husbands Name.
The 200 shares Of Big Four stock
purchased through Boyer. Griswold &
Co., was for an account opened in Col
wells name II was shown that S12.675
was paid for this stock OF this
amount $500 was in a certified check
made by William Sulzer. According
to recent report, Mrs. Sulzer admitted
having signed her husbands name to
this check. 1t was shown that seven
otner checks were used in this trans
1 action, all certified, and all supposed
to have been contributed to the cam
paign fund The balance was paid in
cash.
1t was shown that 500 shares of the
same stock. Big -Four. appear in the ac-
| count with Harris & Fuller, which. IL
Is admitted, was the governors own
account This stock. according to a
statement issued by the head of the
firm since the latest session of the
Frawley committee had been deposited.
| with 100 shares of Southern Pacific and
2D1 shares Of American Smelters, as COL
lateral for a loan OF $4,000.
testimony before the Frawley COM
mittee showed that on dates involved
m these stock transactions Mr.. Sulzer
was In New York. He did not start On
his campaign tour until October TO-
ID. Cady Herrick smiled when told of
friend.
We are preparing our case for trial"
he said. "Of course. we do not purpose
to eonfide our plans to the newspapers"
Secretary Involved
I 1t is claimed that Louis A. Sarecky,
Suffers private secretary, had fun
knowledge of all these transactions and
! aiCed Mrs. Sulzer in carrying out her
plan to rehabilitate her husbands for
tunes. He is looked on by the Sulzsr
defense to take the stand and swear
that Horgan gave Mrs. Sulzer the tip,
assuring her that it could not go wrong,
and that she was certain to make a
profit of many thousands of dollars
The impeached governor hopes to es-
| tahlish that at the time Horgan was
living at his home he was in constant
communication with Murphy and that
the market tip came through him from
| Murphy. SulZer recently said that he
! has learned that during the time Hor-
gan was living as d member of his
! family he was on intimate terms with
| Murphy.
Tammany foes of SuIzer declare this
| conspiracy is so weak it will not stand
analysis They point ont that Mrs.
SulZer could not have hoped to win
! II the market the $4,000 her husband
cwed: that she was not speculat ding,
| but bought the stock outright. Had
| the stock gone up, as she professed &c
| have believed, her profits on 100 shares
could not possibly have been more thar
q few thousand dollars.
Was Assured of Big Rise.
The reply of Mrs. Sulzer's friends to
this is that she had been assured
there would he a sensational rise: that
| Wall street had planned to run ur
| Big Four stock from so to way above
| PAR, and she anticipated her purchase
! would net her proft Of more than
| S20.CG0.
| As A further evidence of her good
! faith, il IS asserted, she refused &C
buy en- margin, insisting that by buy
| ing outright she would have the stock
| to reimburse the campaign fund II BY
any chance the tip went wrong.
| The $4S, 900 Sulzer owed at this time
accounts for the account with Harris
| e Fuller the one account of which h
| admitted knowledge in his statement
| a week ago. SulZer declared at thai
| time and his statement has since
| been corroborated by the brokers. thai
| this was money borrowed by him or
| stock he had accumulated years ago
| 1t is now contended that there was
nothing improper on the fact OF this
| tranaction. Prior 10 January l, 1919
a year before he took office, SulzeI
| took 500 shares of Big Four, zoe
American Smelters. and 100 Southern
| Pacific to the office OF Harris & Full.
! Ter, and borrowed $4,000. This was
all the brokers would loan on These
securities The letters calling on Sui
zer for more margins are explained
| in this way. When the market value
| oE the shares began to go down the
] brokers, following the usual custom
| called on Sulzer for margins to pro.
| ;ect his loans.
Bought Stock Outright.
On october 70 Mrs. Sulzer bought 20