Evening star., 1932-05-27

Here are the three honor men Of
Academy at Annapolis. Left to right
Emerson E. Fawkes, Des Moines, Iowa,
the mayor called the inquiry detrimental
to New York City's financial credit.
Before the mayor left the stand, to
be showered by roses from shouting
women admirers, he urged the commit
tee to do something about New York's
archaic, obsolete city charter, the
cause of all our troubles"
Seabury, spending a great deal OF
time on the matter of Sherwood, who
has been fined $4,000 for not coming
back from a honeymoon to testify, be-
fore the committee, introduced evidence
to show that his associations with Walk
er were close. The evidence was that
he held stock that was formerly Walk
er's, that Mrs. Nan Walker Burke. the
mayors sister, cashed Sherwood S
checks, drawn on his own account. for
S15,5OO; that Sherwood drew checks to
pay expenses incurred by Mrs. Walker
in using the family steam launch. and
that Mrs. Walker sent bills to Sher-
wood. not to City Hall.
When the minority members pro-
tested the testimony about Sherwood S
withdrawal from the secret account
Walker stilled them and ironically at
tackled the logic of Seabury's thrusts.
Hits Logic of Implication.
Please he said, Il am trying now t.
follow the reasoning that the news
papers are supposed to get and this
not only the 100000 which I have
testified to that had from Paul Block
but now it develops that got $3.50, ,000-
odd the day before left fer Europe
and yet I had to sell my soul for $4,000
to the Equitable Coach Co. to get q
$4,000 letter of credit"
The minority members joined in the
whoop from Walker supporters in the
audience
The mayer admitted J. A. Sisto. head
Of banking house interested in taxicab
securities, gave him $26500 in bonds
but denied any impropriety He SAID
the bonds represented his share OF
profits from a pool which was long on
Cosden Oil.
Smile Comes on.
It was the mayors second day on the
stand, and the smiles Of wednesday
rarely played across his face. Instead
he frequently scowled down at his ques-
toner and made his replies in crisp
pointed sentences.
He waved for silence whenever the
spectators, who had staged many wild
demonstrations in his favor, showed
signs of applause.
The shouted protests of Democratic
committee members that the whole
14-month inquiry, costing s750,000, was
nothing but an attempt to obtain the
mayors removal brought equally heated
charges from Walker.
Il recognize an antagonistic attitude
toward me-" he said.
Il am here on an inquiry but it looks
as If somebody wants my life" he
shouted a moment later, looking Sea-
bury directly in the eye.
This Is preliminary to preferring
charges to the Governor for my re-
moval, and no one is fooled by the fact
that" he began at another point,
but Seabury stopped him with the re-
mark:
This is simple stump speech"
Tells Of Stock Profits.
The morning was taken up with the
mayors story of how he benefited to
the extent of s303,227 from stock
transactions and pools in which he
made no investment.
Late in the day the questioning
swung around to Sherwood.
What steps did you take to locate
him?" Walker was asked.
II made an urgent effort to find him
and have been trying ever since" the
mayor said, adding he had last heard
of Sherwood in Mexico. If I knew
where Sherwood is I might not have
had to spend these two hot days down
here"
When Seabury introduced Sher-
woods bank and brokerage accounts
he said to Walker:
From January l, 1926, to August S,
1881, these accounts show, Sherwood
deposited $700,225, Of which $472,094
was in cash. Can you explain where
this money came from?"
Il am either guilty Of perjury or !
am not" Walker said. II never knew
ANYTHING about sherwood's personal
affairs"
Checks Linked to Deposits.
Testimony was produced tending to
show that shortly after Walker in
5000 each, similar amounts were de-
posted in a secret trustee account by
Sherwood.
Walker denied knowing about this
secret account, and said there was nc
connection between his cashing the
checks and Sherwood's deposits.
At the morning session Walker de-
MED with indignant words and force
full gestures that the profit Of $4,000
from the Cosden Oil stock pool In
which he had made no investment
constituted bribe for favorable taxi
legislation. He denied Sisto suggested
he get in on the pool, and read his
veto message of bill increasing taxi
cab rates to prove he had not been
Influenced by the stock profits.
He said the firm in which Sisto was
interested "at that time had 1000 taxi
cabs on the streets, and if I had passed
that bill the company would have profit
ed ST. 100000 in one year."
The unusual friendship" Paul Block
publisher, had for him was walkers ex-
planation of joint Walker-Block
brokerage account in which the mayor
made no investment. but from which he
drew a profit of $246, 900.
Describes O'Brien Deal.
He. volunteered that without making
any investment he had profited to the
extent of $4,000 from an investment
made by Esmond OBrien, whose iden-
tity was not disclosed.
He also told of making another SIC, 900
in similar way as the result of con-
versation on a railroad train with an
unidentified man.
When asked II he had been q bene-
ficiary Of any other such deals, he said
he had had countless kindnesses from
people"
The hearing had many Of the ear
marks Of combined prize fight. county
fair and circus.
Enthusiastic thousands stood in the
.sweltering heat outside the court build
ing for hours Just to get a glimpse OF
they know him personally or not.
Mothers, who had left their children
with q neighbor 50 they could come
down and get glimpse Of Ibis honor, "
Ioffnd tho thror0 Cfannnror ,