The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1913-09-30
SPECULATIONS
OF GOVERNOR
Nearly All Of the Campaign
Contribution Evidence is
Now in the Impeachment
Court Records.

UNITED PresS Leased Wire Service.1
ALBANY, N. Y, Sept. 30.-The
fight to remove Governor Sulzer from
once today centered on his alleged
stock speculative deals. Practically
all OF the evidence regarding his cam.
paign contributions Is on the i'm
peachment court records. When the
trial was resumed, the attorneys for
the managers were hopeful that they
could conclude their direct case to-
day. II they do It Is very probable
that Governor Sulzer himself will go
on the stand tomorrow as his own
chief witness.
The statement that sulzer would
testify and that he expected to open
the door to a wide review OF his
charge that the present proceedings
are part of a plot against him caused
change in plans The prosecution
attorneys do not know how far the
court will permit the accused to go
in his allegations. So they have de-
cided to await his complete story and
then call witnesses to take issue with
his allegations. 1t Is the plan OF at
torneys for the defense to move for
! dismissal Of the various charges as
soon as the prosecution rests. There
is chance that the decision on this
point may give a line up Of the mem
bers OF the court.
i 0,,hr
prosecution to Buffalo early today. 1t
1 is understood that they will subpoena
former State Chairmon VIM. ]. Con.
nors to tell of an alleged contribution
he made to Governor Sulzer last fall.
In addition 1t is said that number
OF other prominent Erie county demo
Gratis will be asked about contribu-
tions they are alleged to have made.
4 The stock speculative margin go
count OF Governor Sulzer carried
with the firm OF Harris and Fuller
from March IS, 1910. down to June
lis, 1918, was exploited at grea!
4 length before the impeachment cour'
today. With Melville B. Fuller or
peachment managers presented be
wildering set of figures showing thai
the governor as a speculator was eX
tremely unfortunate. His purchase q
securities Of any sort seemed to oper
ate in depressing manner and in
variably the stock crumbled in value
A goodly portion of Fuller's testl
mony covered the periods prior t
Sulzer assuming the governorship
The commission emphasized through
the witness and counsel the fact tha
for years the governor had speculat
, ed. This was intended to offset an.
!, claim made that the governor Or hi
! witnesses, that his speculations wer
entirely In the nature OF investmen
!. buying, pure and simple.
g Suffers original purchase of Bl
| Four stock made In March. 1917
Q showed a drop Of seventeen points
! share by the end of that year. I
III fact the account became 30 bai fEor
|. the suIzer standpoint that he wa
/ compelled to withdraw 200 shares c
e Big Four and substitute therefor 20
s Of American Shelters to prevent hi
n securities being sold because Of lac
S OF margin. On Jan. 1, 1912, Sulze
/. then member OF congress owed tn
e Harris and Fuller firm s4S.559 3s an
y on that date was carrying on thei
y books 500 shares Of Biz Four, 200
g American Shelters and 100 OF Sout
r ern Pacific. Out Of the maze OF figure
y It was taken for record that afte
g being elected governor Sulzer paid t
the firm $4,000 The hrst paymen
came on Nov. 49, 1912. right ate
election and consisted Of $4,000 !
] cash. But even these payments di
A not help, because the securities coI
e tinued to crumble in value. In Jun
}. 1913. according to witness the Sulze
< account was in a bad way. The go
l. ernor had failed to respond to call
e for additional margins. June 10. 1871
s, Lieutenant Commander Louis \
4