New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-08-07


Broadway, on October %. 1912, called
for the purchase Of two hundred shares
off Big Four" railroad stock, which
the brokers secured for him at the rate
of 100 shares at so and 100 at So
Deposits OF $11.S25 in cash were
made with the firm 10 meet this ac-
count. and the brokerage firm still has
S14 Of commission coming to it.
The market quotations on this stock
yesterday read "37 bid and A asked
with no transactions listed, so that at
the bid price the Governor, II he IS
holding such stock. has a paper loss OF
81. 400 besides commissions.
Mr.. Richards expects TO show to-day
that the S11.S25 deposited In cash with
the firm of Fuller & Gray was deposited
by Sulzer himself. In the exposure OF
the Sulzer bank account with the
Farmers Loan and Trust Company
yesterday he brought out that two spe-
cial deposit slips were in Suffers own
handwriting. aggregating $500 dated
october S and 10, respectively. In the
amount. il was said, was included
Henry Morgenthau's campaign contr1-
button of $1,000. which was among
those not mentioned in the Sulzer
statement of campaign contributions
along with the Jacob II. Schif checK
for $500 and the Abram l.. Elkus
check for $500.
Suffers statement showed only So
AGO in contributions and SII4O in eX-
penditures. the largest individual con-
tributor listed being the j. Jacobs
who was down for $500.
The bank records introduced yester-
day showed that there had been ninety
four checks deposited in the Sarecky-
.Sulzer account in the Mutual Alliance
Trust Company, although Sulzer
statement Of campaign finances showed
only sixty-eight contributors.
I Arthur L. Fuller, of the stock EN-
change firm Of Fuller & Gray, was the
first witness called with relation to
account No. 500 Joseph H. Beall'
his attorney. appeared with nm 10
enter a formal objection 10 any exam
ination Of his client, on the ground that
the subpoena embraced matters of pri-
Nate business outside the scope. Oh the
committees powers.
Campaign Cash in Speculation
81 want to call this firm for the pur-
pose Of showing stock transactions which
we expect to connect with some OF the
campaign contributions and with the mo-
tive for not telling about campaign con-
tributions," Mr. Richards explained
I'VE have no interest in any quarrel
said Mr.. Beall. land we do not wish 10
embarrass this committee in any way
and 7 have instructed Mr.. Fuller to an
swer the subpoena and to answer the
ouestions. if YOU insist upon II. but we 90
not believe that the transactions OF the
Governor of this state or anybody else
with our concern should be made puohc
property
'Jf MIR. Richards can show that certain
moneys were collected during this cam
paign for the campaign purposes ana ol-
verted into your office we feel that II is
within our scope" said Senator Frawley'
~ agree with you on that" Mr.. Beall
replied. and Mr.. Fullers examination pro-
ceeded.
II appeared that Frederick ". Colwel'
NJ Workers. who was formerly a member
Of the firm of Harris & Fuller, got his
mail in Fuller & Gray's office, and has
his name listed IN the telephone book I'M
der the same number az Fuller & Gray.
Mr. Fuller insisted that Colwell had no
relations with his firm. however but the
. questions from Mr.. Richards indicated
4 that he had information indicating that
Colweu was the man who acted as go
between" for Sulzer in the transaction
you have been subpenaed 70 produce
books of account showing purchases or
sales Of stock on deposits or margins or
withdra walls Of money by William Sulzer'
from January !. 1912, to date. and the
same with reference to a certain account
mr. DESIGNATION known as Account NO
pO.' Have you produced such books"
Fuller replied in the affirmative ana
npened his ledger at the account In
question. He read from the account
under Richards's questions. the story OF
the purchase Of the 300 shares OF big
Four" Coming down 70 the delivery or
the stock purchased, however, ruler
would enlighten the committee no fur
her than TO the hands of one Frederick
A. "Coe." clerk employed in the Yonkers
branch OF the Fuller e. Gray firm. Col
well. Il was brought out, lives in YonKers
Brokers Won't Answer Questions.
Colwell was called to the stand, and
was very evidently surprised when Rich
ards began questioning him about his
most recent visit to the Governor.
He had refused 10 answer when asked
whether he had called on Sulzer since
the subpnnaes for the brokers were is-
sued. and held 10 the same course when
he was asked II he had not told people
IN Yonkers that Account No 500 In
rurer g. Gray's books was the account
of Governor Sulzer.
Colwel admitted that he had talked
with sulzer several times last fall, and
he said their conversations had al
vsvs been about the market and stock
nrices. Then Richards switched to an
other attack, which seemed TO be equally
annoying TO Colwen.
"Did you call on Governor sulzer In
Albany during the last session Of the
LEGISLATURE, when legislation affecting
the regulation OF the Stock Exchange
was under discussion" he asked.
II didn't go TO see him about that,