lleague and came forward.
Putting his hands on the jury-box rail, he began in a very quiet,
modest, but impressive way:
"Gentlemen of the jury, my client, Mr. Frank Algernon Cowperwood, a
well-known banker and financier of this city, doing business in Third
Street, is charged by the State of Pennsylvania, represented by the
district attorney of this district, with fraudulently transferring from
the treasury of the city of Philadelphia to his own purse the sum of
sixty thousand dollars, in the form of a check made out to his order,
dated October 9, 1871, and by him received from one Albert Stires, the
private secretary and head bookkeeper of the treasurer of this city,
at the time in question. Now, gentlemen, what are the facts in this
connection? You have heard the various witnesses and know the general
outlines of the story. Take the testimony of George W. Stener, to begin
with. He tells you that sometime back in the year 1866 he was greatly in
need of some one, some banker or broker, who would tell him how to bring
city loan, which was selling very low at the time, to par--who would not
only tell him this, but proceed to demonstrate that his knowledge was
accurate by doing it. Mr. Stener was an inexperienced man at the time
in the matter of finance. Mr. Cowperwood was an active young man with
an enviable record as a broker and a trader on 'change. He proceeded
to demonstrate to Mr. Stener not only in theory, but in fact, how this
thing of bringing city loan to par could be done. He made an arrangement
at that time with Mr. Stener, the details of which you have heard from
Mr. Stener himself, the result of which was that a large amount of city
loan was turned over to Mr. Cowperwood by Mr. Stener for sale, and by
adroit manipulation--methods of buying and selling which need not be
gone into here, but which are perfectly sane and legitimate in the world
in which Mr. Cowperwood operated, did bring that loan to par, and kept
it there year after year as you have all heard here testified to.
"Now what is the bone of contention here, gentlemen, the significant
fact which brings Mr. Stener into this court at this time charging his
old-time agent and broker with larceny and embezzlement, and alleging
that he has transferred to his own use without a shadow of return sixty
thousand dollars of the money which belongs to the city treasury? What
is it? Is it that Mr. Cowperwood secretly, with great stealth, as it
were, at some tim
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