The sun. [volume] (New York [N.Y.]) 1833-1916, 1898-02-03

ST tell YOU frankly that 1 SEQ nothing 10 DO
but to charge up tho whole matter TO tho sc-
MI. Williams was asked by the reporter for q
list OF tho securities. lie smiled and said: a..
would add anything to any possible value that
the securities might have now or In the Inture.,,
."Were there many of these securities = asked
YES, Yes; lots of them. lots Of them" said
out his arms, indicating q ibSushei BasEetfpll.
Perhaps the publication Of the list snG,
ss ss,s =, III, 9SIus sI YoP tier bank "%Ris ssou sF tRsm opt some
NJ. W VII Snm , shGSk big asSS " "a on srd t iaiS;
i Sis $ssSIIass TltS sS = MENU mSp,% 81. a. the ASi e;
NOT hope not said Mr.. Wiilliams;
Of t q pos SdsGSs1 l sst i 81 should not be SO rsesarded;
Il is simply Mr.. Williams manner Of speaking.
o esd With d,F SsrS great Ss enc eSp R ; q that MF. o 5tdnkiS
had not done, anything for which he could DO
s esss sssS4 his authority in lending money, His 1
only fault was in failing to report the loans
Asked what MIR. Qninlan meant by the ex.
precision, concealing the loans wrongly, one OF
them take tho usual course when they would
have come before tho directors, he carried the
siao 9 on net ses books THIS SndG Is 4 sn day HG to day pa Ss:
count, and 1t amounts to in tho neIghborhood
Of g., 600; 600; usually o.S + joa !, larger tSor,. Il oD wss Of y tSs
directors said to the reporter:
In spite OF what has happened there 4. MT
about MIR. o%uinian. PERSONALLY have always
had every respect for his ability and his integ.
and believe frmiy,in his Integrity, Other d.
rectors agreed with that statemcnt"
He replied that ho understood Mr.. Gra6el was
the President Of q great many companies and
that he lived at tho Waldorf, Concerning Mr..
al think you gentlemen may have remem-
oe M. F siiuor's s oifieo Is At t? 80 c %iai street,
and the, directory, says, he lives at a west
winch these ssset Two CT customers Of II" tho BANK got
money from Mr.. ouinlan. one Of the directors
s sol t as.o6 5Ss a aast hal had lq 9Ss 81 sut Ms; sIaS'l lo %as
probably never would. havo boon made IL
i XII f tlsss $1,000 Sh! hsd its been Gou fsRSF'0a sha to
scter was first discovered. Mr.. Silver, this
director said. had given to Mr.. Qninlsn crafts
Ian cashed. The security for the draft offered
In zach case was stock OF tho roc, carbon company ~:
drafts were not good he believed that tho stock
"s far as you know. what is the business Of
these two men T. asked the reporter Of Mr.. Will
well" said Mr.. Williams. 81 think their
principal business is getting money from banks"
Two OF the directors with whom tho reporter
talksa about a possible value that tho securities
MY own opinion agrees with that of the
President: none Of them is worth the paper on
From the Chemical Bank yesterday THE SUN
smSposstffs ye Tsa of,, 5s IS se un t Ga,c elo Gf MI a %i s 81 thc
ths once are rs, the Id names ! W SiIHs4 s W Silver IS 3 Co Go:
porter went in n man who looked exactly. like
John s. Silver, but who said no wasn't Mr.. Silver.
oF e@he re 1872 Is John II; 3 s's silver T = asked 81; the reporter.
WHEN Is mot SiI In he S Se IN tF' reply
haven't any Idea"
Has he been in to'dayf
safo. locked i, and temarkiSs, Wei, I've got
s]iovaiSr down. N and Il" TIE Sun !" rcporto sr' with it
several other reporters who had come IN. went
Building was downstairs. and When no was
asked BY tho reporters whether Mr. SILVER
siiaer f Eaa not 9S Come sG down TGp stairs. nG fhe i report Mr;
went back upstairs on the elevator on which
said that Mr.. silver had got off the elevator at
thu, fourth floor, The reporters went back up
fourth floor. They tried tho door q the room
several times, but 1t was locked. They retired
aGs eU %as anlesee sna and e ' seSo %in Me-. SILVER liver w sas
inside. Mr.. Silver was then asked what his
s sTStser .Saf s9 sss n rspo w"s; a Wou hS h ss!a to he ask ssd h.
brother. He denied again that he was John $.
William street. %t.'1 At q, William iii street "aaft tho "a JAM.
so 3 q there ere 0@ Them he eAi looked 5Ssfo nv DA Ills sG se s5sa p pnd
discovered that q year ago Francis G: Grabel
Room S' i&o sHs was as the then 'G the once 81 Of fo !he i Edss
n mont a,s s1oone s Company Synv,b The j1 shtnt s mid
membored that while that company was
e th Sny 9SsadIs' Wss Il IN W she o HsEy 'f TSe eom 1nSSeS
had moved d. away W l he 5, said a y year ar, sEo; and At
ing TO move to Philadelphia. It was some Weeks
after everybody who had ever been seen around
the place disappeared that a stranger came
the desk and some samples, of stone and other
things up to the American Surety building. hay
1zt the American surety building on the direc.
tory was found the name Edgemont and Upion
reporter went up there, This room 2. fourth
the building. On one door is the title Inter,
state Land and Canal Company, on the other
fitted up like a place would be that had twenty:
hye or thirty employees. There were handsome
snd inside aaH e"t The 'f COUNTER We're lots Of ' TolI.top
desks , and tables t;an 8, p ,he;it high ana with mh papers and
except ih aSat there 0t we sns'1 no G people %p there Su at enS
Of the desks. A young man who wore two
~s sisT ri c Tss 1G ii 7! , ths SG tse tsnortsr.
mo. sir" said the young man. M Grabel is
How long has he beon out of the city n asked
About two months" replied tho young man.
NJ AhEs - uloINy IN
Chemical Bank in large sums within the last
two months. Knowing this. the reporter asked
the young man where Mr.. Grabel was.
The last / heard of him." said the young
man. "he was in Chicago"
Then he volunteered The information that he
knew MIR. Grabel pretty we'll. On top OF this he
told the reporter he had worked in the place
the business; The reporter asked him several
questions about the business of the company.
fessed that tho company didn't do much bust
Philadelphia.
Then he said he didn't know what Mr.. Grabel's
business was; but he did know. u minnie later,
that Mr.. !Grabel wos about everything in the In.
~terBtate Land and Canal Company. He didn't
know where any other off, 70 OF the company was.
He admitted that the Interstate Land and Canal
Company had something to do with tho
West. He was asked for a prospectus Of tho
company. He said he didn't have any. A pile OF
prospecLnses on q desk near by was pointed out
TO him. Hc said he didn't have any TO spare. He
was asked for one OF n stack of newspapers. He
said he had to send them all out and he didn't
have even one 10 spare.
While this conversation was going on a voice