New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-08-09
ONE FIRM HANDLES $4,000
Clinching Tale of Frawley Com.
mittee's Contention That Can
didate Used Big Fund in Wall
Street Told by Cashier of
Boyer, Griswold & Go.
ACCOUNT NO. 500" Barred
Insistent Demands Made for More
Margins, with Threats to Sell
Him Out" According to Let
ters-Evidence Enough, Say
Legislative Probers.

him Out, According 10 Let
ters-Evidence Enough, Say
Legislative Probers.
Senator James J. Frawiey's Senator
ial investigating committee justified its
existence as a scouting party in the
Murphy-Sulzer war yesterday when II
brought out a series Of transactions in
which seven campaign contribution
checks, sent to William Sulzer. were
traced practically from the hands OF
the gubernatorial candidate to the
stock brokerage firm Of Boyer, Girls
void & CO.. as the consideration
for stock purchases which aggregated
S12.025. The stock deals uncovered in
the testimony yesterday Appropriated
S145.OO
This clinching tale Of the Frawley
committees contention that Snlzer
spent large sums from his campaign
fund in Wall street speculation was
unfolded in the form OF statistics COM
prising a transcript Of the account
from the books of the brokers by
Charles A. Reynolds, who was cashier
for Boyer. Griswold & Co., last Octo-
Der.
experimenting the transcript. which
accounted for a total Of Sl2,025 in
checks, Eugene Lamb Richards, coun-
sci for the committee. read into the
record an item from the personal bank
account OF William Sulzer in the Farm
ers' Loan & Trust Company, showing
that his account was debited there
October l6, 1912. with a check for
5000.
None Of the checks disclosed in this
transaction was listed in Sulzer's sworn
statement Of campaign contributions,
although the committee has heard from
most OF the check makers 10 the effect
that their said checks were campaign
contributions.
Believes Evidence Sufficient.
The fact that this Boyer. Griswold &
Co. account was carried in the name OF
Frederick l.. Colwell, combined with
the recalcitrant attitude of Mr.. Colwell
on the witness stand, which prevented
the possibility OF putting a climax to
the case with an admission from him
that he was dealing for Sulzer, was
swept aside yesterday by the COM
mittee as being scarcely worth bother
ing about In view Of the strength Of
the circumstantial evidence presented. .
Colwell was subpenaed 10 attend
Yesterdays session. but he lodged the
opportunity TO tell his story simply by
keeping away. II the Frawley investi- I
gators decide il is worth while to pur-
sue him further they will present his
case to the Legislature on Monday /
night.
Melville E. Fuller, of Harris g. /
Fuller. the stock broker who refused TO /
reveal the secrets OF his firms dealings |
with Sulzer when he was on the wit
ness stand on Wednesday, appeared !
yesterday with his counsel, w. NJ K. /
Olcott. through whom he announced
that he was.now ready TO answer all
questions.
Mr.. Fulers refusal to answer was
based entirely on his conception Of the
duty a broker owed his Client" Mr.. /
Olcott explained. But we have since
conferred with the Governor and his
representatives, and Governor Sulzer !
has agreed, without any contest, that
Mr. Fuller's lips shall be unsealed."
With that basis for start, Mr..
Richards drew from the broker story
Of market investment and speculation
on the part Of Sulzer that went far
toward wiping out the Governors pet
claim that he is poor man"
The Harris & Fuller account, like the
Boyer. Griswold & Co. account, is sep
arate, of course, from the famous "Ac-
count No 50O' under which Sulzer
dealt with the Fuller & Gray firm.
Deals in Big Blocks Of Stocks.
AS preliminary to the disclosure OF
Suffers operations with Harris &
Fuller in 1912. the year Of his cam 4
paign for the Governorship, which was
so bountifully financed by his friends.
Mr. Fuller said that on January /,
1912, the then Representative Sulzer
had in their office five hundred shares
of c., c., c. & st. L., two hundred
shares Of American -Smelters and one
hundred shares OF Southern Pacific
stock. on all Of which he then owed the
firm S4S.599 3S
His account shows that during 1872
the only additional purchase we made
for Governor Sulzer was one hundred
shares OF c.. c.. c. & st. l.. which We
bought on his order at 52." Mr.. Fuller
said. "and on the credit side Of the ac-
count there are the following items:
November t8, 1912, cash. ...... $4,000
December 16, 1912, cash. 5000
January 1s, 1918, check Of A.
e. Spriqss ................ o'ooo
"JuIy 9. 1918. by sale Of 100
shares Southern Pacific stock. s,245
"The account was closed July 10,
1918. Governor suIzers debit then was
$3.50 21."
"Did Governor SuIzsr pay your hrm