New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-11-29
THE BURKHALTER FAILURE.
PROBING INTO THE FIRMS FlNANCEe.
CHARLES II. F,NCHER GIVES MORE TESTIMONY

CHARLES II. F,NCmER GIVES MORE TESTIMONY
MORE SUITS BROUGHT EY CREDlIoi's'
Tho examination OF Charles H. Fnncher assignee Vi
tbe firm OF c. Burkhateg S Co., and presiuc' VI '''
,ryi,c National BANK was rrsuni'd Yesterday hor'
ING In the room OF the General Term. supreme 'o''
,oSore a court stenogra pher. Thomas p Wilkes con
aucted the examinations representing the nrm vi d. -
rabbit a Co.. one of the creditors OF the burhha'i'
stern and RnshmOre represented MI fanc"'''
object of the examination was 10 get l'o'""''"
car,lng the loans Obtained by the hr'h "o'' ''O
| Iryr, National Bank Each loan was taken up J."
de,a and Lawyer wckes endeavoreI to ascertain now
| b, and why each was made when and how IL was
ron.,d and the various circumstances attenu'nR 'he
,ron.lrrtion one loan OF $4,000. made IN OcoOer'
| 1900 figured twice the BOOKS ME- fa"o"'' '''"
aod that the $4,000 was first loaned without security
Thcn II was returned and loaned again. inns une VI"
| .ocprity Mr. Vancher was positive that the utmost
omonnt that c. BnYhhalter K co. ever owed the lrV-
Ing National Bank from the time he became us prs
dont WINS $4,000 Previous 10 september ~ Mr'
ranchor said the bank had security OF any nature
| for 900 OF the firms Indebtedness 10 It, NV''
ring 10 the mortgage which his bank had secured no
Mrs John II. BurSIaer just previous 10 te coi"ps''
the witness said that Mrs. Burkaltcr had 'o'u n''i
that the property was free from encumDrahce' lie
| had not made couple'" HNt"'''' VI
J ibe firms assets ard liabilities. tn" assets
which appeared In the books would aggregate Ff''''
OOO Mr. Fanchrr said that the morning oi
October 49, the day before the assignment Mr. bnrN-
halter handed him S2.6l 40 mt th" once vi SUI" "
Rm,hmorr attorneys for the Bnrhhalt"r'' liz NC
poS,od Sl2s3 - In The bank toward meeting accounts
nssienrd 70 the bank and the remainder he d'p)S''"
I'm Ms own account as assignee After short int"r-
NISSAN for luncheon the examination was cOhun'"'
MFR rancer said that the firm had pres"nted II" S'u'
mrnt Of It's affair to the bank since January io'''
lie did not know before the assignment 'h'' ne III
had borrowed $4,000 from j. u. AmeS w. Vi
Boston: 81 800 from plalt ard Woodward and other
large amounts from New York banks just PRIOR 10 Inc
failure Hc denied that any agreement had been
r,,d hv the firm 10 turn over everything possible 10
the bank before the assignment. but adm'pd '"a'
Mr. Stern had said In conversation We mus ""'
toIl, his wav for II 1t was known. II would mV"'-
date the assignment"
'coig, T.. super, cashier OF the lrNlns ->".'o'''
BANK was next called He said that h" did not kio"
At the time Of the assignment that general a'a-h-
mcn IT tho assets Of the firm was TO be- mld" 10
II, rAnch,r Since the assignment the bank hdd
collected from the firms debtors f2o'ooo' i''' ia
BE- deposited 10 th" account OF the aS'gnn ao'o""'
n ID BY the bank. Mr.. Sup"i then held 'o"S"'"i"'
with MI Fanrlcr and Lawyer Riishmor"' aitT WIN"
hr said that he wished TO correct MS 'ca'"'"' '
ne did not know that an assignment was to b" madr'
to head heard Nr Fancler and Mr.. stern talking about
rl,ir, some Of the creditors preferences Inc '"-
animation wa, then adjourned TO wednesday mor"ihs
Il 10 30 O'clocE. ~
r,cce EooI,.tavor In the Court Of Common PEAS
,.,.-,,v dcnled The melton 30 set aside IN" order
81 continuance which he granted In ID. pr"''u,,nSs
Instituted by the FiancoAmriican lOod 20. "h.,a
Tie firm OF C. Burkhalter TO- ih' , xa,io",I
nm Of Charlie /. Fanch"r and IN" lrVluS % -
flank The proceeding was taken Win the ooI'' vi
discovering what had become OF certain assets "a nv
firm which, IL is alleged were removed Just p''o'e
the assignment was executed - - p,r
r,f.. more suits were brought against =. b"Th
baiinr 4 Co I'm the supreme Court Yesterday 10 SCI
sd. ,bcr assignment a. fraudulent. TIA" ,hits were
',,,if by Kob,r o. y Ford, tine Merchants National
l,.nk 81 Providence. X. l., and the Kh"uc iathnt
,I.nlfa must CO., who are judgment creditors OF
I he