Show WALL STREET WISE MEN EN WERE BURNED Banker Morse Hooked the I Millionaires for Mi- Mi Mil Mu- lions lons LOVE LETTERS IN COURT Schwab Gates 5 I v. v S and Barney Were Duped Ne c York Oct Oct 19 It I It was wn victims victims' dA lay day In the thc trial of Charles W. W Morse the former r Ice fee king antI and Alfred II I. I Curtis Curts former prell president of or the National Na Na- Nd Honal Bank Bani of or North orth America who 1 are arc on trial for alleged frauds In connection con con- necton with wih the Institution The multi millionaire two of or them at leat accredited with wih heln being among the wise men of or Wall WalI Yal street told with Ith chagrin how th they had heen been lured by bythe bythe the little wizard of Ice lee Into pools and had suffered losses cJ estimated t to U amount to almost almo t Th These ge mf rm-n rm n wore Charles M M. 1 Schwab former fOlmer president of the United States Steel company John W W. Gates and Isaa isa of the tho smelter trust trust Trailing alon along b behind them came caine John F F. Carroll CTol the former Tammany Tam Tam- many leader leader who alto also claims to hitS hitS' Im been trapped trappe by Morse after tho the latter fatter hatter lat hat ter hail had har made a million or more for him him b by ae advancing the price of Ice to the the poor pOOl of or the thc city and causing loath and suffering among the thousands thou- thou winds sands on the tho East Ft side during tho months of the summer Apart part from froni the recitation b by these men mm of what apparently to them was WM the most harrowing tale talc laying bare nil all ni the tho secrets of ot the thc great Ice stock Rambling gambling pools of 1903 and mc 1906 the th most Interesting disclosure of oC the dayI day clay I l as was wa the letters written by Morse lor to toh h Katherine Gelshenen whose hu e first t husband wa was president of ut the this Garneld National bank I how Hem lo Money 1 It I will wJ bo be remembered that at t th the time of the notorious Morse Dodge outcome of or divorce Ih proceedings 8 one which was the imprisonment and disbarment dig dis lis- lis harment of or Abe bc Hummel lawyer tt I reported that Morlo was to marry frs nf n iii In i io slow of that t the letters Jotters he Jie wrote to lo her about that time aroused particular par par- interest In that correspondence correspond correspond- ence Morse orl dl disclosed lost the fact that h h ha had made hundreds of thousands of dollars profit for the charming widow low h by means of ice stock Tho Those e who heard heare the letters rend read In court could not disabuse their minds of the tho belief that Morse e Intended to us uso the a n as presents to aid him In his suit for the for the heart hean and hand of OC th the rich woman Mrs Gel Braker Gelshenen is 18 now likely like t 11 ly r to be called caled a as nc a witness In which vent event most Interesting testimony is la expected Other Ff in Iii CU CUM Other prominent Wall al street m men n whose those names were brought into the proceedings to today a are arc James Jame R. R Keeno and Fritz Augustus Augustus Heinze Mr h Keene It I appears appear took tool charge of the thc ice ico gambling pools In iii the tho summer RUmmel of af 1 1906 06 while Mr r. r Moree Morse was waR absent on ona ona ona a vacation aaton In Paris Heinze figured I 5 ns as na a big bg borrower borower from tt the Bank of ot North America merl a directly and Indirectly through his secretary Still another most Interesting revelation rove reve re e lation Jalon was wa the story stol of a dinner In Mr Ir Gates's apartment In the Waldorf Astoria Astoria As As- bruit toria toria In which the millionaire members mem incas bers her of the second Morse pool poni met Mr l Morse orse and learned to 10 their t that he had trapped them These adventures ad a as Judge Hough Hough from Irom the bench today stigmatized them did not tell tel the language tint that the employed In addressing Mr Ir lor Morse lorse Q on that occasion but It was wa said to have been of a kind that made the te recording recording angel shudder hudder as he did his duty luty Were Sere r There lucre on 00 Ic Ice Mr Nr Jr GU Guggenheim summed UI up the debate do- do l bate tc t at th the festive board bour tel te- te an ally b 1 by sa saying We Wo found we were In tho the Ice b buHl- buHl HI- HI ness S Johnn Johnny Carroll Carrol as he be used to be c called led when ho he was merely a court dork clerk appears to have been a n little littlemore more fortunate than some Momo of ot his bis tel fel low Jow dupes dupe He lie seems to have ho e hart hail a a tip from rom some mysterious source Just before Morse closed out the second pool As 6 s a result resul he Induced Morse Morae to buy back from him of ot the the shares he had been lured Into lug ing IlS but ho he could ld cO got get only 10 io a share hare o Kha for them as against 07 7 a fh share sharo a rl at which price he be had b been en forced to Lo take Iske e them up Still Sti that he lie said aid was waR much better betEr than the time 8 8 a n share Khare nt at which h ho he had to sell sel the remainder of or the allotment Morse made to him Then hen Morse More took those back you as a favor asked United States District Attorney Stimson Well cU I didn't so say It was waR much of ot ofa ota a a a favor tavor replied Carroll doubtless havIng hav hex ing lag in mind the tho fact that Morse Morao lore had lei Jet Jet him In for tor them theta at 27 points higher than the price at nt which he took them back The he fact tact was that I needed the tue moncy money mon mon- ey cy and had to have It it Mr Mn tl Carrolls Carroll's Carols Carol's loss lOBs was waR estimated to b IH bc s more than half a million dollars Mr Mt GU Guggenheims Guggenheim's was wat said sald to be in the neighborhood of or a million milon and both hoth men did ld better beter than their fello feIlo v telo members r of ot the tho pool which consisted of oC Charles Carles M. M Schwab John W. W Gat Gates B Band and C C. T. T Barney then president of ot the tho I Knickerbocker Trust frust company compan who Inter committed suicide The Tho method methol b by which Morse trapped those these wise men was wan er very trite re Testimony Tes Tes- showed that he In Induced thorn thom to Join a small Imal pool which he closed dose out mo most t successfully and promptly sent Hent them checks check for tor the profits These again to quote a letter let letter let let- ter tor of or John F. F Carroll Corron to Morse ac acl BC ac- l them were more than satisfactory Having obtained the their confidence In that way It was WI comparatively athel easy for him to lure iwo them Int Into a pool more than double time the size th the h aggregate amount of or mone money Invoice oled in which was almost Strang to say th this 8 was stas not flot successful And Am still sun more moro strange the lucky Morse dl did not appear to have hae had a share of oC 1 the ho I lee Ice e stock when the gamble was ended so Sc disastrously for Cor the tho men he ha had brought into it I. I |