The evening world. [volume] (New York, N.Y.) 1887-1931, 1901-12-13
Counsel and Relatives Admit
Great Losses by PIaut
Estate.
MADE BAD INVESTMENTS.
Took Monev from Ore Trust Fund
to Make Up Shortage
in Another.

From statements made to-day BY the
mond Weeks. II appears that ne go:
into the financial difiicultics which have
landed him In Ludlow Street jail not
so much through personal extrnvagancc
as through unfortunate investment OF
trust fCnds. and taking from one trust
fund money to make good shortages In
others. 50 FAR as mis- lawyer has learned
Weeks is between so 60 and 5000 short
In his accounting TO the Piaut estate,
and his whole accounts ar. 50 involved
mat II Will take ecveral days 20 unravel
the tanslc
Both his lawyers and HIS brother.
John \. Weeks. declare that Tor more
thaH Ialf a year Weeks. owing to III
ness and worry. mas no; been taornugn-
~ himself He has done things in that
time, they declare. which ne would
never have done had hts health been
good.
sampson II. We!nhandier. Hcekss
counsel. made full statement OF facts
10 The Evening World to-day
A. Counsel see. II.
The whole trouble h. said seems
10 date bark 10 four ycu3 ago, when
Weeks. who then lived in Newark, y.
j.. was trustee Tor the estate OF Edwin
Lister. President OF the Lister Agri-
cultural Chemical Company. Like many
another lawyer. hr had drawn ahead on
the estate. expecting - ! q good the
amounts Withdrawn BY hi. trustee fees
and other sources o! income. Finally
the company was taken into the Fcr,i-
liking Trust. Weeks was then dis
charged as trustee. and | put In A bill
for Nlo.Wo for services In making his
accounting. The Court allowed him
only 81 90. which let him almost Sloc-
coo short.
MIR. Weeks. who was then wealthy
man, sold his own property and settled
a good share OF the shortage.
Made had Invcstments.
II" came TO this city and foolishly
began to invest other moneys OF which
he was trustee, In all kinds OF Wild
schemes. hoping TO make enough 10 pay
up everything He bought worthless
mining stock. tried to promote impos.
siblc real estate deals. and in shor, was
a mark for any one who had a gold
trick' tn sell.
when these specula tons went wrong
he apparently took money from the
Plaut estate to make satisfactory
settlement with other estates for which
ne was trustee. Whether or not he
touched any estate other than the plhut
We do not know AS yet.
xix months ago Weeks apparently
went all TO picccs. He has been in no
shape to attend to business since then
and has been making most absurd IN
v"stments.
u do not think Weeks Is responsible
for what h. has d0nc-at any rate, not
for the occurrence OF the last half
year
His Mind Affected.
John \. Weeks. n lawyer. OF No. IS
broadway. called at Ludlow Street Jni!
,hls morning and had long conference
with his brother.
My brother IL N no physical shape
to make a statement Paid Mr.. Weeks
after leaving the prisoner, 'llc has no,
been himself FOR hvc months. lie had a
serious illness six months ago and 1t
LEFT MIN In a distressing, nervous cond!-
lion.
People took advantage OF his mental
condition Gnd got him to Invest the
money under his control In various
schemes which am sure he would not
have touched II he were his old self.
The statement that he could no, get
bail Is also incorrect. could get han
for him In an hour. but In his present
state We think 1t r. better for him to
remain where he Is. II he were out