HUMORS OF HIGH FINANCE

Taranaki Daily News, Volume LI, Issue 306, 22 December 1908, Page 4

HUMORS OF HIGH FINANCE

A HANK JiOCHHT WITH ITS OWN JIONHV. NKW VOIIK, October 23. The trial of .Mr Charles W. .Morse, the ex - Ice King,'' and Mr Curtis for inisd'cniciinors in their conduct of the National Hank of North America continues to overshadow I lie political campaign l).v its remarkable developments. Today's testimony showed that altof;c[her the National Hank of North America during a period of one year and Ki days lent to Mr .Morse's protege, Mr W'liitrag. a clerk earning u'2 10s a week, who was a minor. C 200.0011. The loans were ultimately realised by Hi" sale of ll'.e ice sfocks. given as soeurilv. but no interest was paid tn the ba:ii;. Ihe I rial is a maze of figures, but one fact tie* prosecution tried to-dav I clearly to establish in connection witil (lie huge loan, made to Miss Wilson, "Mr .Morse's secretary namely, that tile money loaned was ' used to nurchaso the Stock o.f the National Hank of North America, for .Mr Morse himself, who thus bought the lia.ik with its own money. Conspicuous figures in the trial are Mrs Morse and "Mrs Curtis. The, latter, who. until fhe suspension of the bank, lived ill lire heigh! of luxury, has since struggled bravely to earn her own liv-