The Indianapolis times., 1932-05-26
100000 WON
BY WALKER IN
FRIENDS DEALS
Takes Bio Stock Profits,
Although N. Y. Mayor
Admits No Investment.
SEABURY is ASSAILED
Examination Before Trial
Is Charge Hurled at
Graft Hearing.

Graft Hearing.
By rHrcd Press
NEW YORK. May 2s.-Mayor
James j. Walker, admitting he had
prohted almost s30OOoO- in stock
market pools through the good
ness OF his friends, struck back be-
fore the Hofstadter legislative COM
mittee today against any implica-
tions that his personal business
transactions were related To his Of
fetal acts.
He made no personal investment
in any OF the lucrative pools, ne
said, and he and his colleagues
openly showed resentment at the
interrogation into his private af-
fairs. terming it examination be-
fore trisl-a preliminary to prefer
ring charges against me to the
Governor of this state"
Mention Of the word bribery came
again into todays hearing, but from
Walker himself
Wednesday he had suggested
Counsel Samuel Seabury OF the
committee to come into the open
with any claim Of bribery he might
have.
And. today, he renewed his virtual
challenge by declaring, in explana-
ton Of one OF his riskless profits
that he was making his statement
TO take away any inference or
innuendo" that he was bribed in
the matter Of 'city) taxicsb con-
troll
Admits STOCKS Profits
Walker admitted the following
stock market profits which he had
without personal invest
ment:
/ An account operated by Paul
Block, publisher. dealing in several
stocks. Welded s246.6927s. Blocks
was credited Tor the
gift.
2. An operation carried on by
Esmond O'Brien, netting $4,000 to
Walker which the latter attributed
to O'Briens friendship
B. An operation carried on
through J. A. Sisto and Company.
in Cosden oil stocks, netting $4,000
which was paid in Cosden bonds.
Walker doubted II these bonds were
OF any value today. Some one, whose
name he said he could not recall.
he enter this operation.
Explains Bond Delivery
The Sisto bond delivery already
had been brought before the COM
mittee and it was developed that
Sisto was interested greatly in the
taxicab control situation in New
York City.
Today. Walker asked TO have in
serted into the record a statement
TO take away any inference or
nnuendo that Mr. Sisto bribed me
IN the matter OF taxicab control"
He told Of appointment Of q com
mission to study the cab situation
and added
That commission was appointed
and the ordinance was vetoed. And.
.hus, the Parmalee Taxicab Com
Dany lost. through the failure to
put through increased rates, at least
81 000,O00 year. I say that 10
ihow what influence my actions
night have had on Parmalee tax
cab bonds"
Reelection Is Predicted
The mayor and the Tammonv
were vigorously on the
offensive today as Seabury delved
nto the various stock market prof
IS which Walker claimed came
through bene1cence Of friends.
After Walker had made his as
ertion that the hearing was "ex-
animation before trial" Tammany
members Of the committee spoke
Ip.
1T is true you Just want his Job,
Senator John j. McNabe yelled.
IF he is ever removed from Office,
he people Of New York will re-elect
lim by the greatest majority he
.ver had" said Senator John J.
The people Of this state have al
eady been mulcted of s750.000 and
I'd like to know what they're get
ing out Of it.
The probe committee has spent
'750.0 appropriated by the legis-
atureJ
Walker replied to Dunnigsn's ref
renee of re-election
But ! don't want TO get it that
Vay"
Denies Sharing Deposit Box
For the first time, the name Of
russell T. Sherwood. described as
Walkers business agent. and long
ought witness before the commit
ee. came into the examination.
Walker denied that Sherwood had
barge OF his financial affairs, and
lso denied he and Sherwood shared
safety deposit box.
He said he had signed an appl-
alton for such a box. but added:
Z never used it. I have my own
OK in the Corn Exchange bank,
nd pay IS a year for it, and it's
lenty big enough for all my pur-
oses.r
The mayor-noted Tor tardiness-
ppeared early at the hearing to-
ay. and was complimented by
chairman Samuel Hofstadter for
He was dressed in blue, as on
Wednesday. except for gray shirt.
He seemed cheerful as ne walked
through the lines Of people as
embed outside the courthouse, but
n the stand was more grave than
n Wednesday.
His repsrtee seemed almost to-
ally absent today as he discussed