The sun. [volume] (New York [N.Y.]) 1833-1916, 1890-05-14
W. II. NJ. SISTARE is In JAIL.
RICHARD HECKSHER SUES TO RECOVER
SII2OOO ~ NECLRITIEA

Another Tnn0ie In the AGaIrs OF Geo. X.
S!-tnre's Sons-The Heckshers Got Two
Houses ana Other NAluAbIes. but Want
More-Mrs. Sistnre's Lawsuit
w. II. NJ. Slstare of Geo. X. Sistare's Sons,
the firm Of Wall street brokers which failed last
month, has boon in Ludlow street Jail since
Monday afternoon at o'clock. when he was
escorted there by ono of Sheriff Siokles's
deputies. on an order of arrest granted by
Judge Lawrence. Richard IIecksher Of Phila-
delpha, who was customer OF the deiunct
firm. applied for the order on May Z, alleging
that he had deposited $ll2,OOO In securities
with MIR. Sistares firm, for which no account
ing has been made. Judge Lawrence fixed
bail at $4,000. Tho repr sentative Of tho
Sherln's Office did not find Mr.. Sstare until
Monday afternoon, when he located him ut
tho New York CLUB. The order of arrest also
covers Harold Clemens, the brother-ln-law and
partner Of Sistare. but lie has not been found.
Richard Heckshers application, which was
made through Alexander Il Green OF this city.
was made Just day after the defendants
wife. Mrs. Margaret Sistare had brought suit
in tho Supreme Court against August Heck
shor. son OF Richard, to recover tho deed for
the property at 80 East SiXtieth street. She
alleged in her complaint that Hecksher in
duced her TO sign the deed conveying the prop
erty to him on March Is by representing that
the business Of her husband was on tho verge
OF ruin. She was told that tho failure could be
prevented II tho property was transferred TO
him Tor a time as q security. Mrs. Sistare al
legged that after the failure in April Hecksher
did not return the deed as he had promised TO
do. but had had 1t recorded and refused to
reconvey It. In her suit Mrs. Sistare prays
ior the return oil the property or else It's value.
SbO,QUO. The Heckshers are Philadelphia
bankers.
The failure Of sstare's Sons was announced
on April I. 1t was alleged at the time that the
suspension was due TO a deialcation which oc-
CURED In the Philadelphia Office. which had
member Of the firm. who died about April |.
HilGer as Sistares agent, did business through
the Heckshers as bankers.
q Henry J: Daviso 3, Jr. the assignee OF th9
whether the firm owed the Heckshers $ll2,0 900.
said to a Sun reporter last night:
The books Of the the firm credit tho Heckshers
but Mr.. Richard lIeckShor has in his possess
sion securities and real estate transferred by
Mr. W. II. NJ. Sistare and his partner, which
became interested in tho Sistares through Mr..
Hilger; the Philadelphia representative OF the
firm, Their relations, with Mr.. Hilger were Of
the closest character. When the firm found itself
temporarily embarrassed several months ago,
the Heckshers examined the books and agreed
to advance Il certain amount Of money to tide
promise they received as security assiRn-
ment OF equities In loans which Sistare had In
different institutions and obtained the deciding
Sistare and the other by Mrs Harold Clemens.
They never made good that promise. Mr..
Richard Hecksh her came to Mr.. sistnre shortly
mind. II they had advanced the money and
fulfilled their promise the failure would never
have Occurred Mrs Setare S now suing 70
The sam TRere is some DISPUTE ABOUT tho
800. 900 with which the books credit the Heck
shers about which can say nothing at present.