Evening star., 1932-05-27
WALKER TESTIMONY
ON PURCHASE OF
STOCK IS: REFUTED
Friend Says He Bought 800
Shares Which Mayor Said
He Never Owned.
SEABURY IS CHEERED
AS HE SUMS EVIDENCE
Prober Holds City Executives
Statements "Vague"-Charges
Sherwood Implied Guilt.
BY the Associated Press.

Hy the Associated Press.
NEW YORK, May 27.-Park Com
missioner Walter R. Herrick. close
friend Of Mayor Walker, testified today
lbefore the Hofstadter Committee that
khe bought for Walker and with the
imayor's money 800 shares of Interstate
tTrust Co. stock, which was issued in
3Herricks name and part of which was
fposted as collateral for a loan to the
Equitable Bus Co.
Walker denied on the stand yester-
day and Wednesday that he had ever
owned the stock, directly or indirectly.
Just before Herrick took the stand,
6eabury in reply to motion by Demo-
cratic members of the committee that
all testimony taken since April 26 be
stricken from the record, declared that
Walkers testimony had been vague
on all points" and that Russell T.
Sherwoods flight in the face of &C
cusation was some evidence OF guilt.
Cites Safe Deposit Box.
"There is no reason" Seabury said,
"why Sherwood should fear investiga-
ton If he were the agent of others.
He knew he was being investigated In
relation to the mayor"
Seabury insisted that it stands in
the evidence that Sherwood had a
Joint safe deposit box with the mayor.
True" he said. I'VE have the state
ment Of the mayor, unsupported by
evidence, that, although it was in their
Joint names. nothing went into it.
In addition, we have proof showing
y, nd 10
many years the agent of the mayor. and
that In a written application for posi-
tion he said he was an accountant and
confidential secretary at $500 year"
Nearly Million Deposited.
You have evidence" he added, that
from January /, 1925 (the date Mayor
Walker went into office) until he fed,
nearly 100000 went into Sherwoods
accounts.
You have undisputed evidence that
one William j, Scanlan got $4,000 com
mission ON a city contract, and that
$4,000 of 1t went into the account of
Russell Sherwood.
You have the mayors testimony that
he could imagine no reason why any one
should pay money to Sherwood. = You
have the circumstances of the letter OF
credit, and you have the j. A. Sisto
matter, undisputed and undenied on the
record, that those bonds were given the
mayor, as was shown by Sistos and
McKeons testimony"
THE mayor registered a mental
reservation" Seabury added. He said
that If the stock went down he'd make
good. That reservation was contra
dicted by Sisto and McKeon."
Seabury Is Cheered.
Although the court room was less
crowded than it was yesterday and
Wednesday while Walker was on the
stand, all seats were taken. Today
crowd apparently was more friendly
to Seabury than the crowds of the last
few days He was cheered several
times during his summary, and the
Democrats who kept objecting were
Missed.
Herrick testified that J. Norris Oil
phant, a broker, suggested to him it
would be a good thing to purchase
Interstate stock Oliphant, Herrick
testified, said he wanted 25 shares for
himself and suggested that Herrick
take an equal amount.
He suggested 1 might be able to
get an allotment through the mayor,
Herrick said.
Says Walker Offered Aid.
Herrick testified he took the matter
up with Walker and that Walker told
him he would get him the right to buy
stock in the company IF didn't make
a hog of myself"
He said it was his recollection that
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