The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1932-05-27
BLOCK TEST|F|ES
1O-YEAR-0LD SON
INDUCED Big GIFT
Admits Opening Brokerage Ac'
count For Mayor Walker,
Long His Friend

New York, May 27.-(R,-Paul Block
testified Friday that 1t was the soil
citude of his l0-year old son as to how
the mayor of New York could live on
a $4,000 salary which led him to es-
tablish, joint brokerage account
from which Mayor James j. Walker
drew $4,000 without making any in
vestment.
Park Commissioner Walter r. Her.
rick testified before the ,Hofstadter
legislative committee that in 1926 he
bought 300 shares of interstate trust
company stock and paid for them with
$39, 900 which was sent to him from
the city hall by Mayor Walker or his
secretary, Edward Stanton.
Block. newspaper publisher and in
innate friend of Walker for many
years. testified that the mayor pro-
tested against his opening for him the
joint brokerage account. from which
the mayor has testified he drew $246,-
900.
Block testified he opened the ac-
count Feb. 10. 1927, with S. w. Baruch
g. Co. It was called. he said. the Up
B. and j. J. w. account" after the
mayors initials and his own.
Before opening the account. Block
testified, he discussed it with Walker
saying:
Jimmy. I'm going to try to make
some money for you. I'm going to
open a joint account for us and see
II can make some money for you."
Mayor Was Reluctant
He said Walker replied:
Jaw. you ought not tos do that
Paul"
Block denied that the money from
the joint account was "a donation to
the mayor" but testified Walker re-
ceived it as result of Blocks munifi-
cence.
Blocks testimony came as Walkers
arch inquisitor, Samuel Seabury
struggled with a million dollar jig
saw puzzle from which the key piece
was missing.
It was around Russell T. Sherwood
who emerged from clerks obscurity
to handle big money and then disap-
peared when the Hofstadter legisla-
tive committee sought to question
him, that Seabury'S problem revolve6
Spurning with anger the idea tina!
he had any knowledge of Sherwood
$700,2 deposits and OF Sherwood S
mysterious withdrawal Of $263.836
from a secret account with Horn
blower and Weeks. brokers. the may
or insisted Thursday Seabury's charge
that Sherwood acted as his financial
agent was untrue.
Challenges Seabury
IF I have committed perjury" he
shouted on the stand Thursday while
crowded hearing room roared vSt;l
applause. Il would expect to be prose-
cuted for It,"
Seabury. unable to establish q con-
Meeting link between Walker and
Sherwood from the challenging may
or's own lips. prepared to try anew
again Friday before the Hofstadte.
committee investigating charges Of
corruption in the government Of the
metropolis.
He expected to present compare.
tive analysis of Sherwood's 10 bank
and brokerage accounts and Walker:
four, trying to establish link. Wher
the mayor finished his two-day due
with Seabury Thursday and walkee
off amid huzzahs from his supporters
the legislative committees counse
Immediately took up this task.
Before the mayor left the stand. T.
be showered by roses from shouting
women admirers, he urged the com
mittee to do something about New
York's archaic, obsolete city charter
the cause Of all our troubles"