The Waterbury Democrat., 1932-05-26
Mayor Walker Is
 First Day Victor
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(Continuea rom Pake
 testimony concerning tho quarter. million profit from the stock ae. opened by Paul Block, newspaper pubiisher, for Block and himseif. It was q profitable account, ono which rode tho crest Of the boom days in i027.2e, and was closed out Just before the stock market crash.
 Profits from that account, Walk. or said, were placed, in "a safe in my home. Not . vault, not q tin box, q safe In my home. mean to distinguish that seriously. The money was tux paid, ho. ex.. | pininsd, 50 he didn't want it mixed with other money on which taxes had not been paid. dt Protests against probing into tho "private affairs" of the mayor nB | iodged by Tammany Hall members of the committee brought thiB | Walker retort:
 "I,istsn9 Can wc 70 on7 ! got tho money and l was glad to get
 But when geabury asked for
 more details on just what Walker
 dld with his money, how no speht it, Walker In effect, said he was
 Willing to toll whero he got all
 his ntoney, but that where no spent | it was nobody's business, "unleAs there is any Implication or even
 inslnuation that 1 used that money or any part of it to influence tho
 oiiiaial Judgment Of another public
 servant"
 The mayor and Mrs Walker
 wished II had tho money now" The unnamed person identified
 by walker but not named by either Walker or 6eabury, got $!,-
 500 from tho Joint account on the
 order of tho mayor, walker testi.
 fed.
 This un.namsd person also TO. ceived at various times letters Of credit brought by Russell T. Sher-
 wood, missing agent of the mayor. | Walker testified that he himself contributed l3,000 to tho Sl0,000
 letter of credit fund he said was collected just before he and his party went to Europe in 1927.
 That S3,000 was in cash and hts safc at homo, he sid.
 The mayor denied knowing j..
 Allan Smith who bought the letter
 smith had served as. a special agent for tho Equitable Coach com
 pany which sought franchise from tho city. The letter of credit
 was bought at the time the fran- chIse granted the company. was signed. ' Walker testified he had been told that Smith bought the letter of credit because he had asked Senator Hastings for the pri- vilege in the belief 1t would give him prestige with q bank. Hast | ing Is q friend of the mayor and was member Of the party.
 The trip was financed Dy Hod- man Wanamaker, it was testified, and the $10.000 letter of credit and . latter t3.000 oyerdraft was "Spending money" collected so members of the party would not he embarrassed in asking for funds Paul Block, who publishes q group of newspapers. appeared cid inves{igation started to tell SGNOuEy A00 4ltB 0s<~Ah s<Hy1s sss" trading account he and Walker had. N
 pcrs statement concerning Walk CTS testimony on the joint stock account in the event he was not
 called to testify. He expected to testify.
 walker and Block are close per-
 sonal friends over i6-year period. Walker saidy the account was opened out of friendship, that he didn't put up any money but that Block put up some stock and his own excellent credit.
 The huge profits from the acc count were unexpected. it was in- dicated by friends of Block but not | in the testimony of Walker. They credited the profits to the Cool
 Tt rt wss expiained that Walkers name was removed from the nc- count when it WIS suggested that