The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1895-06-20
He Wanted to Settle for Three
Thousand Before He
Left.
LOUIS McGLAUFLIn's THEORY.
Receiver Collins Says Whole Pages
Were Slashed From the
Accounts.


ceiver Collins is very anxious that he
should be forthcoming to elucidate certain
inexplicable entries in the firms books.
AS the investigation continues it becomes
more complex, and the connection of the
junior member of the firm with the miss
ing bookkeeper Smith is obvious enough
for an open conclusion.
The examination of the books so far has
proved very unsatisfactory, the absence OF
numerous important pages rendering it
impossible to strike balance in many OF
the most important accounts. Mr.. Nc
Glautiin having entrusted the bookkeep-
ing to his young partner, he is not as
familiar with the firms business as to de-
tails as he would otherwise have been, and
the absence of Bresse, as we'll as Smith, in
creases the lahors of Mr.. Kirkpatrick the
expert.
So far as Smiths clerical work is con-
cerned it is accurate to a degree, but the
mutilation of the cashb book keeps the in
vestigators at sea on matters that might
otherwise be a key to the whole situation.
Where is Bresse2
The query was common one on
Change yesterday. Those who knew the
y
supposed to be associated with Smith, the
missing bookkeeper, in the latters specu-
lations in wheat. Some time before Smith
disappeared, he is said to have dabbled
heavily in wheat for man who was work
ing on salary.
He bought and sold on $4,000 ton lots
during the Chicago f1uctuation, and at
times when the change of an hour might
mean $500 or 5000. Was Bresse behind
these transactions?
The old brokers are reticent, but the re-
cent corners to the board contend that
Smith and Bresse were partners in several
large deals. If this presumption is correct,
then the disappearance Of Smith would
seem to be easier of explanation.
Mr.. McGlauflin, however, adheres to
the belief that Smith was strictly honest
and did not speculate in wheat and had
nothing to do with mutilation of the books.
He thinks Smith was not a party to any of
Bresse's transactions.
Prior to Bresse's disappearance an offer
was made TO Mr.. McGlaufiin to sign the
articles of dissolution on payment to him
of the $3099 which Bresse b ad drawn as his
share of the last commission.
Mr.. McGlaufin had previously requested
that the $4,000 drawn from the firms ac-
count by Mr.. Bresse be placed in escrow
until the accounts had been gone over and
settled to the mutual satisfaction of the
partners. Mr.. Bresse, through his attor-
ney, Mr. Lloyd, would not agree to that,
but repeated his offer to square accounts
on the payment of the 5000 to Mr.. Nc
Glautiin.
The connection of the Luning estate
with the deal is so far problematical. Mr.
Whitteil claims that the estate was
not interested with Fair, though it is gen.
orally known that the estate had large
loan on the syndicate wheat. Mr.. Whit
ALL r l.. IL II
tate had no hand in the wheat deal claims
to have document signed by Fair to the
effect that he was not partner with the
dead Senator.
This document was executed so it is pre-
sumed, to protect Whittell in his transac-
lions with the other Luning heirs. When
asked 10 show this document Mr.. Whittell
declined, saying that it was private mat
ter of business and did not concern the
public or affect in any way the present
McGlauflin-B resse complication. 1t is gen.
orally understood; however, that the Lun-
ing estate was mixed up in some way with
the Fair deal and that the heirs were dis
satisfied with the way in which their money
had been handled.
Mr.. McGlaufiin declined to talk on that
subject, saying that what occurs between
broker and his client is sacred.
Louis Bresse. the former private secre-
tary of the multi-millionaire Senator and
present executor, claims to be ignorant OF
his brothers whereabouts, and has no
knowledge of the McGlaufin & Co. affairs
He talks freely, but says nothing. Like
wise Trustee Angus and the other trus.
tees. They claim to be wholly ignorant OF
the causes which induced Fair to become
interested in wheat and-when questioned
concerning the McGlaufin-B resse discus
sion they became strangely reticent.
The Bresse side of the story is repre-
sented by Reuben II. Lloyd, his attorney,
who says he withdrew from the firm be-
cause he thought McGlaut1in was not treat
ing him fairy. Mr.. Lloyd says he is not
his clients keeper, and does not know
whore he is, though he processes to believe
that the young broker is not in hiding, and
will be on hand when his business affairs
demand his presence.