The Bridgeport evening farmer., 1913-09-30
STOCK DEALS
 OF coy. SULzER
 RELATED TODAY
Witness Fuller TeStifieS That
 On Oct. 31, 1912, SuIzer Ow- ed Firm Over $5O,OOO On Ac- count of Drop In Securities.

Albany, Sept. 3o-In the impeach- ment trial of Governor SuIzer, today, the principal testimony concerned the alleged investment of money by the governor in Wall street Melville B. Fuller, the chief witness for the board of managers, gave a detailed account of some of the Wall street deals.
 At the opening of the morning ses- sion, Melville B. Fuller, of the brok- craze firm Of Harris & Fuller, was re- called to the stand but was excused to permit Chester W. Platt, the gov ernor's secretary, to testify concern ing letter bearing his signature, sent from the executive chamber on Sep tember 15. The letter began: Dear Or. Brown and mentioned an "en- closure.' Who pr. Brown is or what else the letter contained was not dis closed.
 Subsequently, MT. Fuller resumed the witness stand armed with the led ger of Harris & Fuller in which is the account of William Sulzer.
 The account was opened, he said, on March Is, 1910. The first entry was for the sale of 100 shares of Pitts burgh Cincinnati, Chicago & St. Louis stock, flor MT. Sulzer.'' There followed another sale of 100 shares of the same stock on March IT, Then the account was closed.
 The account was reopened again on June 27, 1910, according to Fuller, when the firm bought 100 shares of Big Four'' at 80 and 100 shares at s2, on which the firm loaned MT. Su1zer'' as the witness expressed it, $6.000.
 On July ', 1910, Big Four had dropped to 72, wiping out the gover- nor's margin, he said. The firm then and again on July 29, called on MT. Sulzer for more margin.
 Attorney Krese1 then followed the course of the governors stock deals. with the firm. The account showed that Big Four kept going down and in order to keep his margin good, MT. Sulzer kept depositing against it, not cash, but- more stocks. These stock deposits always more than covered the margin and the firm would lend him amounts ranging from $1,000 to $12,00O at various times Besides 300 more shares of Big Four, the gover- nor deposited, according to the ac- counts, 200 shares of American Smelling and Refining and 100 South ern Pacific.
 But the price of the securities also kept declining so that on January 1, 1912, the governor owed the firm $4s,599 against stock valued at about $57,0O at the then market prices.
 On October 31. 1912, the market value of these securities had dropped to $53, ,0Oo, interest had eaten into the margin so LIlc1l OO1Z0I OWOO IhS 411114 $5O,612.
 Meantime, Harris & Fuller had been calling for more margin. Finally, MT. Su1zer paid $10,000 in cash. This was on November IS, 1912, eleven days after the governors election, during the time the governor was re- ceiving campaign contributions. On that date the margin on the account had been reduced to $2,O00.
 Having replenished it with the $10,- 900 cash, MT. Sulzer bought 100 shares more of Big Four at 52, which he took from the office. The market kept going down, however, and F1ar- ris & Fuller called for more margin and Sulzer paid in $6,O00 more cash on December Is.
 Then, it appeared from the account on the books Harris & Fuller had 30, 1912, with loan of $40,261.
 This was to keep the securities in their possession. Fuller said, My partner he added, thought it was wise not to have securities going around the street in William Sulzer's name"
 Fuller said he recalled no personal conversation with Sulzer in which the latter had asked him to take such action. He said that no check or cheeks was involved in the loan. It was merely a Bookkeeping transac- tion and was reported on the books as loaned w. s." under date of De- cember 30.
 fsWas this entry made on that date?' asked KreseI. Fuller explain ed that it was his bookkeeperS hand writing and said he did not know Krese1 asked that the book be passed to the members of the court for in spection.
 '"The managers believe said Kre- sel, that this entry was not made on the date on which it purports to have been made and that the writing shows that fact on it's face"
 The book was then passed about and examined.