The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-10-01
Plays $4,000 on "Big
Four" and Then "Pro-
tects" 1t With $4,000
TELLS BROKER 1T
ISWIFE'S ACCOUNT
He Doesn't know" 1t and Tells
Sulzer He Can Prove 1t by
Records of Defunct Carne-
gle Trust Company-Gov-
ernor Is Confident of
His Acquittal.

Albany. n. y. September 3o.-Evi-
oence that Governor Suffers stock
transactions with the New York brok-
erage frm of Harris e. Fuller were
for the account OF Mrs Sulzer was dis
closed to-day at the trial of his i'm
peachment The articles of impeach-
ment charge the Governor made use
OF some OF his unreported campaign
contributions in these transactions
Melville Il. Fuller, head of the firm
said the Governor had told him Mrs
sulzer had a loan with the now de-
funct Carnegie Trust Company, Of New
YORK, and that in order TO take up
the loan, for which he had given his
note. he had deposited securities be-
longing TO Mrs Sulzer with the firm
and borrowed money thereon TO pay
the note.
Fuller said the Governor had told
him this in the Executive Mansion on
July 80, when he had called there at
Mr.. Suffers request after receiving a
subpoena 10 appear before the Frawley
investigating committee
Fuller Doesn't Know.
Mr, Fuller. you know that these
securities were Mrs. Suffers. don't
your the Governor asked him, accord
ing to the witness
The broker said he replied In the
negative.
well said tho Governor, these Sc
curities belonged to Mrs. Sulzcr when
! brought them to you,'" Fuller testi-
ficd.
She had a loan with the Carnegie
Trust Company. They required me to
give note every three months. and
IL was very annoying. so l took the
securities down TO you and borrowed
the money from you
II said 70 Governor Sulzer: That
may All be true. There Is no evidence
OF anything OF that kind on my books.
and cannot be proven by me. II 1t is
true. you'll have no trouble In proving
IL, as the books OF the Carnegie Trust
Company must be n matter OF record :"
$4,000 so Protect 10000.
- sThe'sfiovernof's account With Harris
d. Fuller, which the Impeachment
managers charge was Il speculative ac-
count. was opened In 1910 according
10 the books OF the firm, which Fuller
presented to-day. The account not
only showed. r. long series OF borrow
Ing on securities brought to the firm
by Sulzer. but also the purchase and
sale of other securities calls for
margin" and the deposit by Sulzer Of
cash payments OF stock in response to
these calls The account began with
deposit OF 100 shares OF big -Four"
worth at the then market price sS,-
200. Sulzer obtained thereon n $4,000
loan. The next day ne bought through
the firm 100 shares of the same stock,
against which he gave no security ex-
cept the equity in his first 100 shares
The Big Four began TO tumble in
the market, and the rest OF the ac-
count was a record OF efforts by Mr.
Sulzer to keep up the margin"
Sixteen thousand dollars in cash,
which the impeachment managers claim
formed part OF the Governors cam
paign contributions, were used in meet
tpfr fhnc lie
ing to the books.
bookkeeping Transaction.
Fuller admitted that it was purely
a bookkeeping transaction. He denied
that Governor Sulzer had requested
that the account should be transferred
to loan.
1t was brought out that in June,
1913. after former Governor a. E.
SprigGs. OF Montana, an old time
friend OF Mr.. SulZer. had contributed
a check for $4,000 to the account. there
was another cross entry" transaction
by which it appeared that the nrm
loaned the Governor $4,000.
With Fuller OH the stand counsel
for tho Assembly managers began to
lay the foundation for proof OF charges
that the Governor used his official po-
sition to affect the current prices of
securities LISTED on the New York
Stock Exchange 'in which he was
specializing" The article charges that
he first urged the passage of certain
legislation and then withdrew or at
tempted to withdraw II.
Governors Reform Bills.
A complete record Of all stock eX-
change reform bills" introduced at the
regular session of the Legislature at
the recommendation of Governor Sui
Zer was placed in evidence. Especial
emphasis was placed upon the execu-
tive's special mcssage urging the bill
designed to double tthe tax on trans
fers OF stock. This measure was in
troduced February 4. by Former Scna-
tor' Stillwell, now prisoner in Sing
Sing.
The managers counsel said they
would inquire closely into the public
statement made by the executive
March 10, in announcing that he had
withdrawn the stock transfer tax
bill" at that time the Governor said:
1T has aroused considerable opposi-
ton from sagacious business people
throughout the State, and think much
OF this opposition is we'll founded, and
that the bill goes too far in placing
too great n burden of taxation on n
single industry"
Provides for sarecI<y.
Attorney Stanchfeld made an un-
successful attempt to introduce testi-
mony regarding the installation of
Louis a. Sarecky into the immigration
service after Sis resignation as cam
paign secretary to the Governor. He
said tho Governor induced the civil
without examination n position as an
examiner OF the alien insane at $4,000
(contirued On Seventh Pagc.)