Show I BANKER ER MORSE IS II Expresses Express s Faith in Jury am and Looks Forward to Complete Complete Com Corn Acquittal COLLATERAL MAIN ISSUE Dummy Loans Are Merely Accommodation Ac Ac- Paper and Quite Legitimate New York i 1 1 I to be acquitted and I th think I shall li be he acquitted ac ac- quitted d. d said Charles harles Vf W. y Mote Morse to toda to- to da day The Jury Impre Impresses es me as aset a act aset set ct of level headed intelligent men whom I do not think will bo be led away by the technicalities that have havo been brought before lefore them Mr Ir Morse formerly tho owner or of f a 1 a. a elm chain In of banks in this city organizer or or- s of one of at the largest and most comprehensive steamship companies In n the world and the erstwhile king of f the Ice trust was eXI expressing his view of the testimony and evidence that hat have been offered against him himat himat at t his trial in the crim- crim thai nal court on the charge of or violation of or the federal banking l lawsl laws ws l I fall fail to ee that they have ha produced produced pro pro- a 1 scintilla of ot real evidence ene against me ho said Mr Morse lors re referred re- re to United Dj At At- torne torney Stimson and the staff of ot assistants nests assis 1 tants tamUs that have havo been prosecuting the case for Cor tile the government against him and Alfred H H. Curtis the former Cormer pros ire i j I blent ent of oC the National Bank of ot North I America I i have hn done nothing In Jim Jimmy I II I m my connection with banking bt he lie added added ad ad- ded dod that has no not been considered 1 legitimate business 8 So Su far as concerns concerns con con- I I cerns dummy dumm loans these are merely accommodation notes rho They are used j In fri every er bank and b by cr c every large go cup cup- in this country Without them them I business l would be brou brought ht precipitately precipitate preciPitate- ly iy to a standstill The Tho object of the them themIs Is Js to hide the Identity Ide nUt of the real I borrower vh t E bud he mess mess' or or private priva I reasons ma may d deem em ft not not tg b bei kl in lf f 0 n I joa iiI ae K 1 rl t 9 Collateral U the tle j oil 1 w doc doCi It r j whose numo Is o on the It Js 18 t ti collateral the note n not U pote Itself that carrier the loan Every In n Wall WaH street br u bf dollars dollars' on I are re borrowed cil without p at all nIl lie l he collateral Is lIS enclosed Mn Sin a blank II C envelope aIl aid the name of the borrower 11 written on the outside l Is the theony j jon on y on omy y reco record doomed e mell necessary b by many ot oCt oCt-he the bi biggest banks of the tUo ii 11 n my notes notes' were fully ruBy secured In almost over every rose ease case the wa was far on n n lu c Three e I BANKER MORSE IS I HIGHLY CONF CONFIDENT DENT Continued from Page One above the prescribed limit As I swore on the stand they were the best marginal marginal mar mar- ginal Inal notes In the bank The fact that oven o I In the tho sacrificial hands of or a are re re- re cover In bad Wid times limes a sufficient amount of mono money was realized on the assets to pay flay ot off tile the depositors In full Cull and leave heave a dividend for or the stockholders demonstrates demon demon- demonstrate strates strate more clearl clearly than anything I can sa say that the tile collateral behind the tho l bans uns of the banks was of oC tho the best character So rio far as tho the trial goes goeN I do not think we sue have been permitted to go a aa as tar far as IlS we wo night might have havo been In pre pre- our side of oC the case caso Take for example the action of or the comptrollers refusing to grant us the tho opportunity of or presenting the tile report of or the bank examiners The Tho district attorney was wa enabled apparently to get Jet all he ho wanted wanted want want- ed from Crom that office yet et we wc could not noL In this respect I think tho the testimony given b by the witness who represented the tile comptroller of the treasury should not have havo great roat weight the tile jur Sa Su n Hunk Sun u Suit cut The bank was never ne really Insolvent vent and should have been turned over to tho tile stockholders who were willing and able to pa pay the depositors In full tull It seemed to mo me at times that the tho re receiver ro- ro celver was retaining his hold on It r merely t to afford a better opportunity lt for the district 1 attorney tt J V to make f a L case caito mo mn |