Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1913-09-30

his Office and influence corruptly to
affect the current prices of securities
in which he was or had been interest
ed. The testimony of Louis A. Sarec-
ky. the governors former campaign
secretary, and Frederick L. Colwell
was expected to touch on articles a
and 5. Sarecky was subpoenaed sew
eral days ago. Colwell promised yes
terday to testify if guaranteed free
dom from arrest for refusing to tes-
tify before the Frawley committee.
While the prosecution is finishing
its presentation of testimony Gov
ernor Suffers attorneys are prepar-
ing for the introduction of their wit
nesses They were happy today over
the turn of affairs in their favor yes
terday.
New Angles 'sBob Up" Daily.
Their heaviest burden in the case
thus far is the fact that the governor
never has unburdened himself fully to
them. His attorneys do not believe
that he has wilfully misled them or
concealed anything, but they nave
been confronted with surprises day
after day in the courtroom because
angles of the case of which they never
had heard were brought out. Every
day the governor recalls details OF his
side of the case that he should have
told his counsel months ago.
A poor memory is blamed by the
governors counsel for his oversights.
If his memory had been better, as
Stunning that to be the cause of his
failure to tell complete story from
the start, his attorneys think they
would not have burned half SO much
midnight oil with him.
RroIxer Fuller Recalled.
At the opening of the morning ses-
sion Melville B. Fuller, of the broker
age firm Of Harris & Fuller, was re-
called to the stand He opened the
firms ledger at the page bearing the
account of William Sulzer
The account was opened, he said,
on March IS, 1910. The first entry
was the sale of 100 shares of Big
Four. Another sale of 100 shares fol-
lowed on May II. Then the account
was closed.
Attorney Kresel then followed the
f1uctuating course of the governor
stock deals with the firm. The ac-
count showed that big Four" kept
going down, and in order to keep his
margin good MIR. Sulzer kept depos-
iting against it, not cash, but more
stocks.
On October 81, 1912, the market
value of these securities had dropped
to 5000; interest had eaten into the
margin so that Sulzer owed the firm
$50,612.
Meantime Harris & Fuller had been
calling for more margin Finally Mr..
Sulzer paid $4,000 in cash This was
on November Is. 1912.
Having reDleniShed his account
with the $4,000 cash, Mr.. Sulzer
bought 100 shares more of Big Four
at 50. The market kept going down,
and Sulzer paid $4,000 more cash
margins on December 16.
Then, it appeared on the books,
Harris & Fuller credited the gov
ernor on December 30 with a loan of
$40. 261
What was the purpose of this
loan?" asked Kresel
sit was to keep those securities in
our possession" replied Fuller, land
to keep them from going about the
street as collateral. My partner
thought it was wise not to have Sc
curities going around the street in
William Suffers name"
bookkeeping Transaction.
Fuller said it was merely book
Keeping transaction and was recorded
on the books as loaned w. s." under
date of December 80.
WAS this entry made on that
date?" asked Kresel.
Fuller explained that it was his
bookkeeper's handwriting and said he
did not know.
1.-THE managers believe" said
Kresel, that this entry was not made
on the date upon which it purports
to have been made and that the writ
ing shows that fact on it's face"
Kresel then handed the book to the
witness and asked him to total up
the amount loaned by the firm to the
Governor up to December 30, 1912.
Don't your books include the $4,000
of December 80 in the total of what
you say you loaned the Governor"
Yes, the total including that, was
$3.50, $685."
The total debit and credit transac-