Evening star., 1934-11-04
FAITH IN HIM SOLD
ISSUE, insult SAYS
Public Still Has Belief in Per-
sonaI Integrity, Accused
Claims.
BY the Associated Press.

BY the Associated Press.
CHICAGO, November 3.-Defiant
after four hours of questioning about
his financial methods, Samuel insult
told Federal jury trying him for
mail fraud today that his name was
all the information his investors
needed.
Twice when confronted with ap-
parent weaknesses In the stock on
which investors lost 100000, 900, In
sull was asked:
why didn't you tell that to the
public?"
The deposed utility executive waved
his hand.
They used to say that If We issued
a piece of brown paper with sigma
ture on it we could raise all the money
we wanted to-"
II could have sold that stock" he
was telling the jury a minute later,
ION the belief that people had in my
integrity" Then he shouted angrily:
and which they still have!"
insults last two hours on the wit
ness stand, under crosS-examination
of Assistant United States Attorney
Gen. Leslie E. Salter, brought de-
clarations from him that his motives
as financier we're honest, in spite of
all evidence produced by the Govern
ment that the stock in question was
flimsy.
Code Messages Seen.
Code messages across the ocean TO
insult, while he was avoiding Ameri-
can authorities seeking to return him
to stand trial, were put before insult.
Three Of them showed that insult
was in communication with Gilbert
A. Porter his Chicago attorney, from
the time the utility man was first
indicted in Chicago in the Fall Of
1882 and was advised where to seek
haven.
Il do not recall it," insult said.
Later, admitting the cables were sent.
he said:
you've got some pretty smart code
readers"
Prosecutor Salter belabored insult
with charges that huge losses In his
companies were concealed. and that
the proudest of the entire system,
the giant Middle West utility system,
was kept afloat by juggling securities
between the concerns.
But the simplest question OF them
all brought the angriest answer from
insult.
After insult had admitted that he
knew, in the late Fall of 1882. that
he was wanted in Chicago, Salter
asked:
why didn't you come back and
face the music?"
insult began long explanation. He
had received no request. He was
unable to get information about the
charge. Then he was told it was not
extraditable. He lacked funds-"of
my own"-to come back to the United
States.
Feared Being Crucified.
Then he said:
II think I would have been cruci-
fed. Attorney Swanson (the then
States Attorney John A. Swanson.
had dodgers distributed showing me
being brought through the streets in
chains.
Il thought there was a political
situation here and it would be better
to have it quiet down before came
back And self-preservation is the
first law of nature"
You weren't running away when
you left Chicago?" Salter persisted.
Il was entirely out of business"
insult said in answer.
Sir Basil zaharoff, Greek multimil-
nonaire and a figure in world politics,
was mentioned in one of the decoded
cables produced by Salter, but insult
denied that Sir Basil had helped
him avoid the American authorities.
Salter led insult into a recital of
how he left the United States in
June, 1882. his vast utility system
in ruins, sailed to Paris, and traced
him across the map of Europe to
Turin. Italy, Milan, and finally
Greece, In q flight which was world
drama in 1882 and 1893.
He did not go to see Zaharoff, as
suggested by his Chicago advisers,
insult said, because when I am in
trouble am inclined to keep to my
self"
Who is this man Zaharoff?" said
Prosecutor Salter, asking a question
which has been the title of a hun
dred newspaper and magazine arti-
cles.
Il have known him socially for
good many years." said insult. Sir
Basil was not discussed further,