The sun. [volume] (New York [N.Y.]) 1833-1916, 1905-01-27
RTlCKLlN A SYNDICATE LAMB
,\D n. JOHN KELLY ANOTHER
uIrH GOLDEN FLEECE.
uankcr, PaidTwo 20 Per cent.
easements on Their VI. w. Under
.rrine at the can OF the city Bunker
Who raid one Assessment on His.

.rltiuG at the sall o' ihc wy p"hh''
Who raid one Assessment on HIS
u.., Rncthn, Richard A. Canfleld's
1000, Gambling house manager and a
l,J.rrof the Montreal and Boston under
,r. ny syndicate, appeared yesterday IN
,t, taI.rIl Binding in answer to sub
,,.r, served an him to testify in the Mum
,e Nlmroe bankruptcy proceedings
Syracator Buckln did not enter Com
.,isslner Aevander's office, where the
,a.r.r,- urc being held lie hung around
.,tb.carild1ro idc and, smiling hustled
.,.. yleuth news was brought to him
Misunderstanding had been postponed again.
ro-rl.. matter, though, Dave didn't look
.nv n.nr pleased over the circumstance
,l1rs,, others who are interested in keep
d., .b. stock washing scandal qs much
under .o,cr a- possible
g.rc-l John Kelly, The other retired
Tardcrlo.n banker who was associated
,,tb Archibald G., Loomis, once vice-presi-
dcri If the National City Bank, now re-
.rnol. and y Leach Of the bond house
of Fsr.on. Leach 4 Co.. in supplying soap"
~ Nh, laundry didn't show up. The
s,ln,.ra -cryer. IL is true, hasn't had an
thought that when he heard that
Dayc vas gong to testify he might drop
around 10 the Commissioner Office of his
oun yoIiion. for there really is bond OF
.,,pn,tbv between Dave and Honest John
in Tins matter founded on something
stronger than mere gamblers sentiment.
In fact. this sym athy bond has for it's
.olid foundation 81 900 OF Honest Johns
hard earned money and an equal amount
Of Dawes
Honest John and Dave both know now that
.bey each paid S. 900 more on the under
writing subscription than some Of the other
svn1.catsrs who took the same number OF
shares. notably the members OF the syndi-
Gates executive committee, Mr.. LOOMS
Mr. Leach Quincy Ward Boese and George
A. Munroc Honest John and Dave have
20, next to the fact that while they we're
assessed twice each time for 20 per cent.
on their subscriptions for $40 900. the NOM
bers Of the executive committee, which
ona would naturally suppose directed
such matters, we're called on for but one
assessment
This circumstance has been variously
explained by those who have already testi-
fed in the proceedings, but the eSplana
Hon which seems to be the most authori-
u.ive IL that given by Quincy Ward Boese,
secretary treasurer OF the syndicate. He |
said simply that Mr.. Munroe directed him
on whom to call. In view OF the fact that
L has been stated on the witness stand
that Munroe got Buoklin into the syndicate, |
Boeses explanation may be Of especial
interest 10 Dave. Mr. Boese admitted |
that he was one Of the syndicators not !
called on for a second assessment. This, !
he thought, was pleasant but not peculiar.
II was IN the second assessment, in Septem-
Der 1905 in which the omissions were made. I
Tns call. Boese testified was signed by
Loomis then vice-president OF the National /
City Rank and chairman OF the executive |
committee.
The next hearing in the case has been
set Tor Monday, and those who have charge |
Of the interests OF the creditors have strong
hopes that Honest John will yield to his
feelings and appear.
Although the Munroes and their hackers |
are still making strenuous efforts 20 effect I
e settlement with the creditors, and the
hearing yesterday was adjourned obviously |
for the purpose Of giving them more time
10 negotiate, no offer has been made yet
that the creditors will consider seriously.
II il understood that the Munroes now want
the creditors 90 accept $4,000 in cash and
the ret Va Montreal and Boston stock
The claims amount all together 70 about
$4,000. That l- the Munroes propose
paying only ~ cents on the dollar In cash.
II II understood that some of the men who (
are interested IN having the bankruptcy |
proceedings discontinued are doubtful
whether in the eyes OF the public, that
wouldnt create just AZ big scandal az any
evidence which might he given by them
an the stand and for this reason are I'M
decided whether 1t would be wise TO have
the hearings called on at once
The Munroes have renewed their an
nouuceuent that they will take action to
obtain possession OF their old offices and
have the firm declared solvent The latest
from them is that they will attempt to
show that Receiver J. Henry Work is a
bankrupt and therefore IL not eligible
under he law to administer the Affairs
o. dnkrupt Samuel Jntermyer counsel
Tor the receiver, was not inclined 10 take
THIS seriously