The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-08-17
Led Into Stock Specula-
ton, to Ruination
of Husband.
HOPED TO REPAIR
DAMAGED FORTUNE
That Is Story Which Impeached
Governor Will Make Basis of
His Defense-Alleges That
Wall Street and Tamrnany
Hatched Conspiracy
Against Him.
Especial to The Times Dispatch. ]

Especial to The Times Dispatch.J
Albany, ". Y, August I6.-That n
! conspiracy WINS hntchcd by wni Street
and fnmmany Hall to get Governor
Sul1cr hopelcSsiy cntnnglcd md In their
ciutchcs-n conspiracy with II woman
ns It's unwilling .victim-wiil be
charged us basis of the defense of
the impcachcd Governor III the I'M
peachcd Governor If the impeachment
parchment comes to trial.
Sulzcr and his counsel confidently
hope that IL will not. They believe
the action of the Assembly will be de-
clared unconstitutional, and that the
impeachment court will never assem-
BILE.
Story of Alleged Conspiracy.
The high points OF the conspiracy
| story upon which Sulzer has built his
hopes of a complete vintication are
these:
l. That while Sulzcr was away cam
paigning Matthew T. Horgan. who was
| living at the Sulzer home and keeping
Charles +. Murphy informed of events,
gave Mrs. Sulzer tip on Big Four.
2 At that time SulZer was in debt
$4,000, and Mrs. Sulzer saw an oppor-
tunity To rehabilitate the family
finances by acting on this market tip
she was assured could not go wrong.
8. Campaign contributions had been
coming in in large amounts and she
! TOOK the checks regarding her act as
a legitimate temporary loan, and
bought stocks She was assured there
would be an immediate and sensational
rise In the price of Big Four. and she
could take her profits and reimburso
tho campaign fund.
5. That her bank books and mama
randa OF these transactions were stolen
| so she would be unable to furnish the
| proof of her acts il ever called upon
1t is claimed that Louis A. sarecky.
Suffers private secretary. had full
knowledge of all these transactions
and aided Mrs Sulzcr in carrying out
her plan to rcha bilitate her husbands
finances. He is looked on BY the Sui
! ger defense to take the stand and
swear that Horgan gave Mrs. Sulzer
the tip, assuring her that IL could not
go wrong, and that she was certain to
make profit OF many thousand dol
lars.
In Touch With Murphy.
The impeached Governor hopes to
establish that at the time Horgan was
living ut 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 Horgan was living as a member
, or his family he was on intimate terms
with Murphy.
Tammany foes OF Sulzer declare this
conspiracy story Is so weak it will
not stand analysis. They point out
that Mrs. Sulzcr could nos have hoped
TO win in the market the $4,000 her
husband owed: that she was not specu-
lating. but bought tho stock outright.
Had the stock gone up as she pro-
fessed to have believed, her profits on
400 shares could not possibly have
been more than few thousand dol
lars.
The reply of Mrs. Suffers friends
to this Is that she had been assured
there would be Il sensa tional rise:
that Wall Street had planned TO run
UP Big Four stock from 80 to way
above par, and she anticipated her
purchase would net her profit OF more
than $4,000.
AS a further evidence OF her good
| faith, it is asserted, she refused to
buy on margin. insisting that by buy
Ing outright she would have the stock
TO reimburse The campaign fund il by
| any chance the tip Went wrong.
] The $4,000 Sulzer owed at this time
accounts for the account with Harris
y Fuller, the one account OF which he
week ago. Sulzcr declared at that
/ time. and his statement has since been
i corroboratcd by the brokers, that this
was money borrowed by him on stock
he had accumulated years before.
How Deals Were Nude.
/ 1t Is row contended that there was
nothing improper on the face OF this
/ transaction. Prior to January l. 1919,
I Il year before he took office. Sulzer took
! soc shares OF Zig Four. 200 American
/ Smcltcrs and 100 Southern Pacific to
I the Office of Harris & Fuller and hor-
/ rcwcd $4,000, This was all the bro
kors would loan on these securities.
/ The letters calling on Sul2cr for moro
margins are explained in this way:
when the market values OF the shares
began 10 go down the brokers. follow
{ ing the usual custom. called on Sulzer
for margins to protect his loans
/ on October IL Mrs Sul2er bought 200
shares OF Big Four. paying Sli,S25, from
I Fuller Il Gray This was account 500.
The payment was made in cash, and the
stock was delivered by the brokers. II
Is claimed Sarecky handled this trans-
action for Mrs. Sulzer through Il. b.
Colwell, and the brokers were told 1t
was for Mr.. Sulzer. II is said the only
persons who knew OF this transaction
besides the brokers We're Sarecky, Ho-
ran and Colwell,
-Four days later the second purchase
OF zoo shares OF Big Four was made for
Mrs, Sulzer by Colwoll. acting through
the firm or Boyer & Griswold. This
stock cost sl2.025. Tho rise predicted
In tho tip given Mrs. Sulzer had started.
and sho was In n hurry to get aboard
before tho sensational climb of n point
II trade" began. She did not take timo
to cash the checks and send the cur.
| fency TO the brokers, but turned over
number OF campaign checks, making
the balance with 5000 William Sui