Evening star., 1932-08-12

Roosevelt in removal proceedings brouI
the Joint Legislative Investigating Ct
cheered the yor on his arrival in tt
examination of the executive mind has
no right here"
Seabury said he had no more ques-
tions.
| Roosevelt then took up the testimony
! of Park Commissioner Walter R. Her
rick regarding the purchase of Inter
state Trust Co. stock.
Used as Collateral.
Contradicting Walker, Herrick testi-
fed before the Hofstadter Committee
he bought $50 shares of Interstate
stock for $4,000, with the understand
ing they were for the mayor.
The stock was later offered by S.
Allan Smith ss collateral for loan
that was obtained to help get financial
backing for the Equitable franchise.
Gov. Roosevelt, reading from the
record observed that when the loan,
| obtained by Smith on the Interstate
Trust Co. stock, was paid up by selling
| $50 shares of the stock, the sale of the
stock brought in approximately $4,000
more than the total of the loan.
The record indicated that $4,000 was
paid to Senator Hastings" Roosevelt
observed. Did you know that?"
It did not, your excellency," Walker
replied.
Walker said former Gov. Silzer of
New Jersey told him he would lay
aside 300 shares of Interstate stock for
him before the company was organized,
but Walker said he refused it.
Wasn't it considered a valuable
right to be able to buy this Interstate
Stock?" Roosevelt asked.
It don't know" Walker replied. "It
may be they wanted me to buy the
stock for the very reason they wanted
Gov Silzer to be president Of the bank.
Or as people frequently must want to
trade on the prestige of your excel
lency."
Herrick Bought Stock.
Surely the mayor of New York is not
being asked to explain matters OF this
sort"
Walker said Herrick bought the 800
shares of Interstate stock that had
been laid aside for the mayor.
HE didn't have any letter or author
ization from me-" he said. Il merely
. SdlQ 10 IlIlU, DIS SclN W oCNCl al OOAAOAo'
There it is. If you're interested in
it, go get it.
Herrick has testified the money for
the purchase came from the City Hall
A. 1 don't know how he reached that
conclusion. I have talked with my
former secretary, Edward M Stanton
He SAYS he didn't send the money to
Herrick, and wanted to testify to that
effect before the committee, but he
wasn't called.
Roosevelt asked.
He is in this room now" Walker
replied
Stanton was not called, however, at
this time.
| At 1850 am. eastern standard time)
the hearing adjourned for lunch until
pm.
At a consultation with the attorneys
| right after luncheon adjournment, Gov
Roosevelt indicated that, after this
afternoons session, the hearing would
recess until Monday afternoon.
Two Conclusions" Heard.
After prolonged legal argument, in
| the course of which Mayor Walker
leaped TO his feet, interrupted his coun-
sci and rushed into what his friends
described as probably the best oratorical
| outburst of his career, only two OF the
| IS conclusions Of Samuel Seabury
were covered in the hearing before Gov
Roosevelt yesterday.
Quietly, with gentle persistence, Gov
Roosevelt questioned his one-time aSso-
ciate in the Legislature yesterday about
the charges with regard to the $4,000
in bonds Walker says j. A. SiSto broker
sent him, not as bribe to procure
favorable action on taxicab control but
as his profit in pool, and about 81 ,00O
worth of bonds of the Reliance Bronze
& Steel Corporation which the mayor
said he gave to his wife and had for
gotten when the company obtained a
$4,000 contract to manufacture traffic
light standards for Fifth avenue.
Unfamiliar to the public was the Sc
riouS, earnest man who answered those
questions. 1t wasn't Jimmy" Walker
1t was James J. Walker, fighting for
his political future-declaring
IF I am not going to have a chance
to face and cross examine my accuSers
here, it means that I will have been
removed from ofice-the only man in
the world who ever was ruined by eX
parte proceedings"
Mayor Takes Oath.
There was a dramatic moment yes
terday when Gov Roosevelt asked
Mayor Walker to raise his right hand
and administered to him the oath be-
fore starting to question him.
Still arguing about the mayors right
to crosS-eXamine the witnesses from the
Hofstadter Committee hearings, al
though the Governor had assured them
that both sides would be given an op-
portunity to question any witnesses they
desired, Walker and his chief counsel
John j. Curtin, hotly objected to his
taking the oath.
Gov. Roosevelt let them finish. Then
he said calmly:
"Mr Mayor, will you please raise your
right hand?"
There was a tense moment earlier
when Walker jumped up and began to
talk in an undertone to Curtin during
legal argument over whether he was
to be allowed to question the witnesses
Your excellency," Curtin said, 81
would like my client, who is distin-
guished lawyer, to express himself on
this subject. He is desirous-and may
be I delayed too long-to get this
thought at the moment"
Almost breathlessly, the words tumb-
bling out as fast as he could say them
j Moving 1000, 900 M