New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-01-12
SIDMAN AND HIS PASTOR.
THE BROKER BORROWED THOUSANDS OF
DOLLARS FROM THE MINISTER.
HE CoNFEssEs JUDGMENT TO TIE REV. Mr.. HERR
FOR MONEY WITH WHICH HE BOUGHT HIS
STOCK EXCHANGE sEAT-THE PREACHER
REFUSES TO SAY WHETHER HE


REFUSES TO SAY WHETHER HE
sPEcULATED OR NOT.
The mystery which has surrounded tho proceedings
and actions OF Alfred sidman Of the suspended firm Of
Timpson Co., Wall Street brokers. has developed new
phase sidmsn himself has not been for several
days. and 1t is believed by many that he has gone away
avoid his creditors He the confidential clerk Of
the firm OF Dater Tmpson. The creditors of that firm
charge that sdman speculaed with its funds taking the
profits when tho winning side but charging his losses
against the accounts OF the firms customers An nves
tgaton disclosed sidmans methods As the easiest way
out or the muddle the firm dissolved The accounts were
transferred the customers and accepted The books
Of the firm then taken to Jersey City by sdman.
While sIdman confidential clerk for the firm he
married beautiful and accomplished young lady, who
Is member OF the Bergen Avenue Presbyterian Church
Of Jersey City. The couple took a handsome brown
stone house owned by Mis- sidmaL at No. 10 Madison
ave-, In that city. The bride dev0ut member OF
her church and with the help of the PASTOR the Rev.
Charles Herr she induced her husband to join the
church. sidman attentive to church duties and
completely won the confidence OF his pastor
The Rev. Mr.. Herr has been a wealthy man. He@n-
herited large and owned real estate in Washing
and other cities well valuable personal prop
erty ard securities. He came from Ohio to take charge
the Bergen Avenue Church and is much liked by his
flock
GOING TO HIS PASTOR FOR WORLDLY AID.
When the firm OF Dater & Tmpson dissolved Silman
sought his pastor and prevailed upon him TO advance
S25 600 to purchase in the Stock Exchange. 1t
represented that sdman had succeeded to the bust
ness of the firm of Dater Timpson
The seat purchased and partnership was formed
with f. w. 1mpson of the old trm 1t is said that the
pastor induced to invest nearly 100000 In the
new firms business. When financial difficulties came up
one OF the former customers of Darer Il Timpson de
manded inspection OF the books of the old firm which
were in Sidmans possession. The latter replied that he
had sod them to iunkman. Then sidman tried to
destroy the books by throwing them into the Hacken
sack and the story OF his failure in the attempt is well
known
Sdman has confessed Judgment to his pastor in the
sum OF $4,000. His in the stock Exchange has
been sold for 5000 IL cost him $4,000 -Four
claims inside the Stock Exchange aggregatng $i3soo
are paid OF the price Of the seat The Rev. Mr.
Herr as Judgment creditor is entitled to the balance
a little oyer $1,000
WAS TIE MINISTER sPECULAToRf
sldmans friends assert that Mr. Herr speculated on
his account through the firm in stocks and in
wheat. They say that sidman supposed that Mr. Herr
able carry his stocks and relying on tna took the
accounts and became embarrassed thereby.
The pastors friends assert that he has not given Sid
mau a single speculative order, but simply had his
Money invested in the business as capital
one OF The heaviest creditors OF the firm said yester-
day: II Sdman himself makes the claim that Mr. Herr
sIeculated want you to come To NE and Will see
that you get statement that s more startling and
romantic than has been before given IN regard to
any stock Exchange transaction. ,, -,
believed that the Rev. Mr. Herr has lost nearly all
Lis vast wealth. He has. Is said been Obliged to ds
charge most OF his servants and rcrencn bis expenses
Recently he purchased lots near his church intend
ing To give the land religious institution. lie made
a payment Of $500, but through sidmans failure Was
Obliged TO throw up the purchase.
HIS CHURCH WOULD NOT LET HIM GO.
When the of his financial trouble hrst got around
he offered resignation pastor The people OF his
unanimously refused to accept It, and he was III
duced recall it, Mr. Herr last night at his
handSome possonage, No. 80 Emory-st, Jersey City.
He positvcy refused to confirm deny the reports o.
Slimans transactions beyond the fact OF Sdmans CON
fessed judgment to him OF $4,000. Speaking OF the
matter lie said:
Il know little about the matter. Beyond the con-
fessed Judgment have nothing to say. dO not think
that IT is in which the public directly inter-
cscd except through morbid curiosity. AS TO my reason
for saying IL Is enough when say that the
parties connected with my church respect Mrs.
from speaking of the matter Whatever charges
made reports circulated endure III silence.
viii not prosecute him he has confessed Judgment
All the documents in the were destroyed some time
ago and would not revive them II could"
"WIl anything To the charge that yOu spec
uatcd upon your own account :" he was asked.
:" have nothing to say" quickly replied Mr.. Herr
Ny transactions with Mr. Sidman my own business
and any confidence my part or transactions with him
will he kept as my own business
At Sidhiahs home, No. 10 Madison-ave, Jersey CITY,
Tuesday night bis wife said that her husband had
been out of town sirce Monday morning Upon further
questions she said he in Trenton, but That any
communications left at the house would reach him.
Last nlgbl another call was made Mrs. sdnan said
that her husband out but she did not know where
when would return. lie might possibly he found
his club athletic organization lie could she said
be found daily at his office No. 81 EXChangc-place.