Inter-Mountain Republican | 1908-10-25 | Page 19 | Spent Half Million a Day in Gambling

SPENT HALF MILLION MIWON A nAY DAY IN GAMBLING Evidence That Banker Morse Overdrew to Suit Himself Himsel New York Oct Oct 34 TransactIons Transactions disclosed dis dis- moro more amazing than any hitherto closed In connection with wit the tho wildcat wildcat wild wild- methods of or Banker Baker C. C W W. cat ct banking toda today Morse brought to light In Jn the proceedings before Judge Judg Hough In the tho to United States district court court It was vms shown sho that Morse lore usual usually started I a day with wih 2000 to to toI his credit and during during tho the day overdrew overdrew over over- I drew his account In the te bank from Crom to to gamble In the stock market market Sometimes his overdrafts overdrafts over over- over drafts amounted to half halt a a million in ina ina ina a day He Ho drew checks check upon the te bank and sent them to his brokers and they tey In turn sent their ther checks to him whenever whenever whenever when when- ever the deal In which he be was wa en engaged engaged en- en showed a profit At the te end of at the day he he- made mad up his account whenever his overdrafts overdraft overdrafts over over- drafts draft exceeded the amount amoun of ot money he had won by calmly borrowing th the balance and a little moro more from the tho to bank on a mere not note