The sun. [volume] (New York [N.Y.]) 1833-1916, 1913-08-07
Refuse to Tell Frawley Com
mittee About Mysterious
Stock Speculator.
FOES POINT TO GOVERNOR
Trying to Prove Some Election
Money Was Spent in Pur.
chase Of Railroad Shares.

| Ihe FrawIey Committee. though
hampered by the fiat refusal OF two wit
nesses to answer questions about Gov.
Sulzer's stock speculations. turned up
evidence yesterday which the committee
and It's counsel. Eugene Lamb Richard,
Jr.. considers even more damaging than
last weeks revelation Of the Jacob II.
Schiff check for $2.50O and the Abram /.
Elkus check for $500, which the Gov
ernor did not include In his sworn state
ment Of campaign receipts.
The four main points scored In yester-
days two hour session in the council
chamber Of the City Hall. were these /:
!. In the course Of the campaign Mr..
Sulxer or his secretary. Louis A. Sarecky,
received from Henry Morgenthau, treas
urer Of the Finance Committee Of the
Democratic National Committee, a check
for $1,000: from william r. McCombs.
| National Democratic Chairman, a cheek
for $500. and from John Lynn Of John
Lynn q CO., novelty manufacturers, OF
4s Bond street check for $500. None
OF these was mentioned in the Governors
sworn statement, In which ne gave his
total campaign receipts as $3.50 and ex-
penditures $7.72A
g In the account which Sarecky had
with the Mutual Alliance Trust Company
between October l and November I2
ninety-four checks were deposited. all be-
lieved by the committee to be part Of the
SulEer campaign fund. In the Governors
sworn statement the number OF contribu-
tions was given as sixty-eight.
,. Between September I and January l
Gov. Sulser deposited 32A.3s6.3l to his
personal account with the Farmers Loan
and Trust Company and on January
| had balance there of $22.52747
Against this fact Lawyer Richards sets
William Sulzer's frequently repeated
| assertion that he is a very poor man.
Mysterious Stock Buyer.
4. on October 2l somebody. said by
Mr.. Richards to he the Governor. bought
through the Stock Exchange frm OF Fuller
Gray 200 shares OF stock OF the Ceve-
land. Cincinnati. Chicago and St. Louis
Railroad. the Big Four for which he
paid 3ll.s00 In cash. one hundred shares
we're bought at 60 and 100 at 5s. II must
have proved a bad investment. for c., C,
c. St l.. has been sliding ever since
and was quoted yesterday at 81 bid and
'" "'NNu' WIN Ho FAIRS, - paper loss vi
$4,000 to the buyer OF those 200 shares
This account stands on the FIRMS books
merely AS Account No. 500" Arthur
l.. Fuller of Fuller 4 Gray said he didn't
know who the customer sas. Melville
j.. Fuller of Harris n Fuller. also a
Stock Exchange house. refused to answer
questions as to whether ne had dealings
with Gov, Sulxer. and Frederick L. Col
"a Ws.n fnr ,.rl,. -
Fuller. also blocked the committee "by
advice OF counsel" Senator Frawley di-
rected Mr.. Richards to get a court order
to compel them to testify. but no action
of that sort WAS taken yesterday.
Mr.. Richards says that before the COM
mittee IL through IL will be made clear
that the man who bought the Big Four
stock was Gov. Sulzer. Nobody pretends
that II Is criminal for the Governor TO
bump into the stock market II he has the
price. But the committee contends that
money received by the Governor in his
campaign far exceeded his statement un-
der oath, that ne deposited part OF Il to
his personal account. that he bought
stocks with part Of II and that the corre-
lation between the various points in yes.
terday's testimony will be brought out
later.
No Proof Of Contention Yet.
II should he noted that 40 far
there IL no actual proof that the Nor
genthau, McCombs and Lynn checks were
campaign contributions or that the
mysterious Account No. 500" was the
Governors or that the money he deposited
TO his private bank account came from
campaign sources. Such. however. 10 the
contention.
1t was made clear yesterday that Louis
A. Sarecky. who refused In Albany last
week TO testify as to whether his account
with the Mutual Alliance Trust Company
was the Governors. really was acting as
tho Governors depositor OF campaign
money. This letter was submitted In evi-
dence. dated October 20 and written on
Of the House OF Representa-.
lives:
"Mutual Alliance Trust Company Gen.
lemen This IL to inform you that have
authorised my private secretary, Mr. Louis
\. Sarecky, to indOrse my name to any
hecks donated to my campaign fund and
o deposit same to his credit William
,ulser."
Only four members OF the legislative
committee were present when the hearing
,egan at IL O'Clock yesterday moraing.
they were Senator James J. Frawlsy,
Senator Samuel ]. Transporter
4 Buffalo. senator Felix J. Sanner of
and Assembly man Myron X.
smith.
The first thing that Mr. Richards did
vas to read letter from Senator Frawiey
o the Governor inviting the Governoe 70
estify. The letter repeated Charles r.
iurphy'1 orer to be a witness II the Gov
rnor should make specific accusations re-
ardins Mr.. Murphy's handling of the
'ammany campaign fund last fall. and
rent on:
This letter puts at issue public state.