The herald-advance. (Milbank, S.D.) 1890-1922, 1913-08-15
SAY SULzER USED
FUNDS ON CHANGE
STOCK SPECULATION WITS
ELECTION MONEY CHARGED
TO NJ. Y. GOVERNOR.
BROKERAGE FIRM TESTIMONY
Evidence Held Sufficient to iTpca1n
by Senator FraWley, Chairman Of
legislative Committee-The
Evidence Presented.

New York, Aug. l1.-GoFernor VIII
liam Salzer oil New YORK vas nearly
$780, 900 in debt az the result OF stock
market speculatIons at the time OF
his nomination and used contributions
to his campaign fund 10 make addi-
tional purchases Of stock while this
debt was hanging over him, according
to testimony adduced at the hearings
Of the FlaRieg committee OF the leg
islature.
The evidence brought to light Is
sufficient, according TO Senator Fraw-
lev. chairman OF the committee. 10
warrant proceedings to impeach the
governor for violation Of the corrupt
practices act. The committee closed
it's hearings mere to consider what
action should be taken. y decision
il expected at once
Tire Evidence Presented.
The governor. according 70 the EVIL
dence, had dealings with three differ
ent stock exchange firms and was
saved from being sold out By one
firm By L. II. Josephthal, a Wal.
street banker and a member of the
governors staff as naval reserve aide.
Tosephthal. it was brought out, paid
d debit balance OF S26,215. standing
against the account on July 10 last.
This was after the governor had re-
ceiyed repeated calls for more mar
gins. The governors transactions
with the other firms were Tor casa
and x was III connection with one o.
these that Governor Sulzer. according
% the evidence, used campaign con-
trtbu.ions,
Arranged Internationally. the testi-
n0ng appeared to show that on Jan.
/. 1872, there stood on the books o.
the stock exchange firm OF Harris &
Fuller an Indebtedness OF s4s,599
against the purchase by Governor
S4'zer oil 500 shares o. Big Four
aa shares American Smelling and
Refining company ana 19h shares y.
Southern Pacific. This testimony Was
zgae 5s Melville B. Fuller. i member
ot the firm, WHO on Wednesday had
r4sas4d 10 answer the questions q tbs
committee.
-j1s Are "u-seated."
Before fes-ttEing. his counsel stat
81 saat fas governor had agreed thar
s2tr. F14a.=rs lips should be uasealad I"
There were ao orher purchases IL
seek recorded on this account, aa.
cefs.EE is the witness. until Dec. :.
1872. Wien the governor bought 10
shares ot big Four making 600
IL al. On D.. III the firm. accord
F-4*1. #w,+l[11j -. The -rs ,
ness. made It's first call upon the gov
ernor for more margin. The books
showed that On the NOV. is previous,
the governor had paid in $4,000
against the account, and that on Dec,
Is. apparently III response TO the call
for margin, be paid III $4,000 more.
I IN October Of the same year the
evidence indicated that Frederick Col
, well, the governors alleged dummy
purchased from Boyer, Griswold 4 Co
, 200 shares Of Big Four railroad
, stock outright at 80 for s12,o25. the
r SIS representing commission.
) This was at the height of Mr.. Sui
GERS campaign for the g~oyernorshil
md transcripts from the firms books
a showed the stock, bought on Oct. l
y was paid partly in checks. ut leas
n two OF which were Identified In tn,
testimony as Sulzer campaign contrib
utions. There were seven checks y
all, and the others are charged y.
Eugene Richards, counsel for the com
mittee, as having also been eainpaisl
checks.
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