Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1913-08-08
.SULZER GAMBLED
WITH CAMPAIGN
FUNDS, ADDUCED
Witness, " hose Lips Governor
'Unseals," Tells of Wall
Street Speculations.

NEW YORK, Aug. s.-Governor
William Sulzer's speculations in the
New York stock market came out in
the open today before the joint legis-
lative investigating committee. The
testimony showed the governor a
heavy loser and indicated that, while
he had $4,000 debit against him
with one exchange firm, he used cam
paign contributions to speculate with
another broker.
A clerk for a stock exchange house
identified mysterious account No.
500" as Sulzer's, and a member of
another firm, Melville Fuller, not
only admitted that sulzer had been
customer with debit account run
ming to nearly $4,000, but added that
he was testifytng with ''lips un-
sealed" at the governors suggestion.
The clerk, who testified, said that
he had been told Account No 500'
was the Governors by his employer,
who added that he was proud to
have the Governors account"
Further testimony was adduced
and list of checks introduced tend
ing to show that part of the spec
ulation was carried on with funds
contributed to Suffers gubernatorial
campaign. None of these checks
were reported In the Governors s
sworn statement of campaign con-
tributions. This, according to coun-
sci for the committee, constitutes a
violation of the corrupt practises act,
conviction of which would mean au-
tomato disbarment from holding any
public office.
The testimony showed that on
January |, 1912, Sulzer was in debt
nearly $50,000 to Harris & Fuller, and
that after repeated calls for margin
the debt reduced to $4,000, was paid
off in July last by Lieutenant-Co Com
mander Josephthal. the governors
naval reserve aid. who is a banker
in Wall Street
With this debt against him the gov
ernor. according to the testimony.
used campaign contributions to specu-
late with another firm, Boyer, Girls
void & Co.
Philip Boyer, of the New York Stock
Exchange firm of Boyer Griswold &
Co.. was called upon to resume the
witness stand before the Frawley
legislative investigating committee
this afternoon for further question
ing about transactions in big Four"
railroad stock in behalf of an indi
vidual whom the committee seeks to
identify as William Sulzer, governor
of New York.
According to testimony yesterday
a Suler campaign check, indorsed
"Wm. Sulzer." found its way to the
Stock Exchange house in question.
Should the committee be baked in
its efforts to trace certain stock
transactions, 1t was said today that
ii would call on the exchange au-
thorities to throw light on the mys-
terious account "No. 500." which has
figured in the testimony and which
the committee contends was that CT
the governor.
The committee has made no an
nouncement as to its plans when the
Legislature convenes next week.
1t is understood that there is
marked difference of opinion among
the members as to the course to Re
pursued should the evidence, in their
opinion, indicate that the governor
has violated the so-called corrupt
practises act In not giving q correct
statement of campaign ontribut'ons.
Some members it was said today,
favored impeachment pracesdings by
the Legisla ture: others recommended
merely submitting the case to
grand jury.
Violation of the corrupt practises
ACT Is d lOi
which wcrld bar a man from public
office.
The first witness was Lyman A.
Spaulding, lawyer He testified that
he contributed $t00 to the governors
campaign fund and produced a check
therefor indorsed William Sulzer."
The back of the check bore the words
"Pay to the order of the Manhattan
Company Boyer, Griswoid e. Com
pany."
Another alleged Sulzer check for
81 900 deposited in the Manhattan
company by Boyer Griswold e. Com
pany according to the Endorsement
on the back, was produced. 1t was
made out by Theodore w. Myers. a
banker, and indorsed with Sulzer's
name.
Makes Total of $1,000.
These two checks, together with
the Lynn check for $500 testified to
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