Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1913-09-30
BROKERS' BOOKS
CHANGED DEC. 50
TO SHIELD SU[zER
Testimony Shows Alterations
We're Intended to Cover
Up Speculations.
THIS WAS DONE TWO DAYS
BEFORE HIS INAUGURATION
Transactions in Two Years To-
tailed $685., o78-Loans
Reached $4,000.

ALBANY, N Y, Sept. S0.-The
books of the stock exchange firm of
Harris & Fuller, with whom Cover
nor Sulzer dealt for three years, were
changed two days before his inaugu-
ration SEQ that it appeared that in
stead of his account being a specula-
tive one the firm had merely loaned
the governor money, according to evil
dence adduced at his impeachment
trial today.
Melville B. Fuller, head of the firm
who produced the books, testified that
Gross entry had been made in the
governors account uder date of De-
cember 80, 1912, showing that the firm
had loaned him $4,000, or the debit
balance against the account on pre-
vious stock transactions. These dated
back to early in 1910, and there were
put into evidence letters showing that
during that time the firm had re-
peatedly called upon the governor for
more margin because of the steady
decline of the stocks involved in the
account.
Some of the securities Mr.. SulZer
had bought through the firm, others
he had deposited as margin against
time had borrowed money on them.
His total borrowings, including the
$4,000 debited against him in the
''cross entry" transaction amounted
to $3.50, 900. according to the books.
The cross entry was made, Fuller
testified, because his partner thought
sit would not be wise to have stock
floating around the street in Gov
ernor Suffers name" Otherwise, as
is frequently the case in margin ac-
counts, the stock might find it's way
into the collateral put up in the firm s
transaction with banks.
Attorney Kresel, for the impeach-
ment managers, intimated that this
'.cross entry was not made on De-
cember 30. 1912, but at a later date.
The books showed that on June 16,
1918. another cross entry" had been
made after a check for $4,000, given
by former Governor A. e. Spriggs,
of Montana. had been paid into the
account and that. as in a regular
speculative account. dividends in
stocks had been credited and inter
est charged. These later transac-
lions reduced the governors debit
balance to about $1,000 and the sec
ond "cross entry showed that on
that date the firm had made the
governor a new loan of $4,000.
Another day and the last of the
witnesses will have been heard, the
managers attorneys said. And, so
by Thursday, it appears, the court
will began to hear witnesses in the
governors behalf.
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
have been working on a new angle
of the case, but as yet they have moi
obtained the evidence they want II
they fail more testimony on the
money charges will wind up the direct
evidence of the board
The charge that the governor mis-
used campaign funds is the one or
which the board of managers case
now appears to rest. Testimony re-
garding this will be driven home with
all possible force. Ups to today al
most all of the testimony which the
court permitted in the record touched
on the governors money deals. Those
were named in the Impeachment arti-
cles, one, two and six.
seventh Charge CQIIapses.
Article seven, charging that the
governor bartered his political infiu-
ence, collapsed yesterday when pre-
siding Judge Cullen refused to admit
the testimony.
Accusations on which no testimony
had been offered up to today were in
cluded in articles four, five and eight
The first of these accuses the COVER
nor of practising deceit. fraud and
using threats and menaces" and being
equity of nlisdemeapors' in conceal
ing papers and documents wanted by
the Frawley Investigating committee
Article accuses him of dissuading
Frederick L. Colwell his alleged Wall
street dummy" from testifying Ar
ticle alleges that the governor used