Show BR BROKERS 0 hE KS II HAD Al I IMADE MADE SULZER SULlER LARGE LOAN Gove Governors Governor's ors or's Borrowings of Harris a Wo Fuller T Totaled t led MOSTLY LOSSES ON STOCK TRANSACTIONS IONS I Witness Tells of Care Car to too Protect Opera Operations on of Their Client ALBANY N. N Y Sept 30 Mrs Willam Wil Wil- lam Sulzer had borrowed money fro from tho the Carnegie Trust company of New NewYork tm York anc and it WAS waa to aid her in her er financial difficulties that the e governor borrowed from the stock exchange firm of or Harris Harria Fuller This Thu was wai the explanation ti which Melville B. B Fuller ho head of the firm film a a. witness today at ate atthe atthe the e 1 impeachment trial said Baid the governor govern govern- or made to him IL ALBANY NY N. N Y Sept 30 30 bo The e books of at the stock exchange firm grin of at Harris Harr s Sc Full Fuller or with whom Gov Governor Sulzer d dealt alt for tor fore I three ye years rs were ere changed t two vo o days das before his Inauguration tion BO ao that it appeared that instead of or his account being a speculative one the firm had merely loaned the gover governor governor governor evidence ad ad- nor nor money according to to his impeachment trial to today ay Melville B. B Fuller er head of the firm who produced the books book testified that thata a c cross coss oss enty had been made in in the governors governor's acco account nt durin during date of De De'- December comber cember 30 1012 1912 showing that the firm had loaned him 4 or th the tho d debit bit I b balance lance ai against the account cc on previous stock transactions These rhese dated back to early in 1910 and there was put into evidence e l letters showing that d during ing that time tho the firm had haiJ repeatedly called on the governor for more margin margin marrin mar mar- gin rin because of the steady decline of the stocks stocka involved in the thc account Transactions Were ere large Some Samo of thc the securities es' es Yr Sulzer had bad had bou bought ht through the firm others th rs heh he I h had 1 po t d ds as s im margin r against ai st tho thosa he kM bought at anil at tEe tho same no bm h hali d x on 4 His Hiso I o f Jn the debited against him nim im i in the U cross crOSB entry entry entry en en- try transaction tion amounted to according to tho books Tile THo cross entry Was as made mad Puller testified because his partner thought it not bo wise i e to have s stock ock floating around the tho street in in Governor Sulzer s name Otherwise as 89 is frequently the case ease casein in iri t mar margin n ac accounts tho the stock might find its way into the collateral put up in the firms firma transactions with banks 1 Cross Entry Is lIs QU Questioned Attorney Kresel for the impeachment maua managers ers Intimated d that this cross cross entry w was wa not made on December 30 1012 1912 but html at a later date The books showed that on Juno June 16 1913 another cross Across entry had been made after a check for five fi thousand given by former for for- mer mar Spriggs s' s of Montana had been paid int into the account and that as in a re regular speculative account dividends divi divi- deride on the stock bad had been credited and interest char charged ed These latter transactions reduced the governors governor's debit balance balanco to about and the cross oni that ti entry showed on that data date the firm had ball made th the governor governor gover gover- oer nor a new loan lonn of of 3 I The charge that the governor campaign n funds Is the one on which the hoard board of oC managers managers' case asP now appears to rest Testimony regarding this will be driven home with all possible force torce While White the prosecution is finishing It Its presentation of ot testimony Governor Sulzer's Sut- Sut ze-r's ze attorneys are arc preparing for tor tho Introduction Introduction in introduction In- In of their witnesses Lawyers Handicapped Their heaviest burden In the case thus far Is the fact that Governor Go Sulzer has never nf unburdened himself fully tully to them Ills His attorn altorn S 'S s do not believe belle that ho has misled them or concealed anything any any- thing but they thew have been confronted by surprises day clay after arter day In the tho courtroom he because an angles of oC the tho case caso of ot which they never had heard were brought up At the opening of ot the morning session Melville B B. B Fuller of the tho brokerage firm of or Harris Full Fuller r was as rr rivalled n to the I I I I no opened me I led ledger er at atthe atthe atthe I the page bearing the tho account of ot William Wil Wit liam Sulzer rh The account was opened ho Ito f Fald ild on March 18 IS 1910 1010 The first entry was tho the tale sale of shares snares of or Big Die Four Another talc rale of oC shares fol fot- fot towed lowed on May oay 17 Then the tho account was walS closed Th Tho account was WIlS r reopened on June 27 7 1910 according to Fuller when the firm bought shares of or Big Four a at t 80 O and shares at 82 on the firm loaned Mr Mi- h. h Sulzer as ns the witness expressed expressed ex ex- pressed it Margin Vanished On July 7 7 19 1910 O Big RII Four had dropped to 71 wiping out the tho governors governor mar margin n. n The firm then called on Mr Ir Sulzer to tomake tomake make a deposit Their letter to Sulzer Suler on July 6 said saith Your account ha has been In had bad shape for the P Past st week eck and you ou have not re re- re responded responded to our reQuests for tor margin At tho the closing prices today your account was as short 1000 of or the required amount an and wo 0 beg bel to request you you-to ou to make a a of Cf this amount tomorrow |