The sun. [volume] (New York [N.Y.]) 1833-1916, 1905-01-07

--------s------Asss-- -
to them for Munroe 4 Munroe's debts
as ,mdisclosed principals in the Arm.
Efforts to interview MIR LOOMS at his
home last night were failures. Mr.. LOOMS
was not TO be seen.
1t was asserted yesterday. on reliable
authority that the National CITY bahh
has been named with Nice-Presldent
LOOMS, IA defendant in suit Drought
against him as a preferred creditor on
account of alleged representations MADE
by MIR LOOMS to a firm Of curb brokers
who were induced to trade in MONTREAL
and Boston stock and sustained loss
of nearly $4,000 Wien the clothesIlhe
broke on Dee. T. H.,
the hank. unless the atmosphere clearer
quickly. might undertake to settle "!th
tbe Munroe creditors itself and hush maj
tiers an but none Of the creditors WOMB
Odnsit that they had received "hf auo,
advances from the bank. II woulu cos'
the bank about $4,000 to do this
n il evident now what are the pans on
counsel for the receiver and certain OF me
creditors with regard to the CITY bahk =
connecfion with the scandal MI. tnter-
MYERS efforts thus far in the proceedings
have been TO establish the financial stand
ing or rather lack ot financial standlhR'
and the general character of certain Oh tne
men who were associated WIN MI; looms
in the underwriting syndicate lhs no
has done r
Mr. lfnterrnver has brought out the iact
that George n Munroe, the mead ol 'hs
firm. sold collars and cuffs and butter anu
cheese in Canada before ne came 70 Ne"
York To engage IN the curb laundry Dusl-
ness Ho has shown that Tom Henry. eN-
member of the Pennsylvania LEGISLATURE
real estate man and iinancer ana one OF
tho men who figured IN the American ~
nance and Mortgage Company, OF nuIo-
dorouS memory, once occupied ueSh iCuil
ms an agent for steam heaters in the ONCE
of F p Ward & Co. one OF the underwriters,
and that he obtained for Ward Co about
20 ooo shares Of stock. after the Mqnroe
M,nroe failure from quincy "aru nV'St.
secretary-treasurer of the Underwriting
syndicate 90, .,,,
NT. t'ntermyer has shown further that
Cameron spear another associate Oh MI
LOOMS in the underwriting synuloH.e,
will not answer many questions peOdusv
the answers would tend to incrimnate anu
degrade him and he has had detectives
from the Central Office present TO listen
m the evidence and. II need be. 70 luehuly
Cameron Spear as a man who was arIestou
In this city in 1898 under the name oil 'har'eS
c Spear ,,.,
When he has finished his character studies
Mr. IDtermyer will turn to Mr.. Looms ana
others and endeav to ascertain why theNltl
Bank loaned the Munroes siSOUD IN esui
days with no security except their uninIorseu
nofns That will he about the first oil mex
week mil the facts are brought out on
the stand it j. hardly likely that the Federal
hanl, authorities will interfere
Cameron spear general manager oi
+ p Ward u Co. and an underwrlter OF
~ non shares of syndicate stock. was the
only witness examined IN the proceed
ings before Commits -loueT Alexander yes
terday He was 10 have appeared on hurs-
day with the books Of Ward Co. showing
the dealings Of the company with Munroe
& Munroe In Montreal and Boston on Ihurs,
dav but didn't, Mr.. lntermyer Threatened
TO asS for his commitment Tor contempt
If he didn't put in an appearance yesterday
with the firm books.
Spear brought three ont of ten books.
They contained entries OF the transac-
flows only from Nov. II to Dec 7. the day
Of the failure All the other transactions.
Spear said. had been entered IN the Pitts
burg books, kept at the firms headquarters
in that far Pennsylvania city He under
took 10 produce these books but being
only an employee Of the company, ne
wasn't sure that he could fulfill the contract
Abe Grlber, Spears counsel. wasn't
sure either that Spear would have the right
To produce the books. Said Mr.. Inter
myer, pointing his finger at Spear
This IA Ward 4 Co
Do you mean to say asked GI7iber.
shat there is no Wardt
Yes, rptOrted Mr. lntermyer' Nlefe
is a Ward there is a tail to every kite.
Spear is one OF the members OF the syn
dictate who a. an act Of accommodation
10 Munroe h Munroe helped them conduct
their enormous washing transactions
nithou, knowing that Munroe was trading
on both sides of the market
Spear admitted on the stand yesterday
what he failed to admit two days age
that all accounts he had with Munroe 4
Minroe were kept in the name Of his sister
a. l.. spear and that checks in payment
Of the stock which he delivered to broker
for Munroe were made out in the same
name He explained the circumstance
by saying that he was Interested, with hls
sister in business transactions in Wal
Street several years ago, and had not dis
continued the practice of having checks
drawn in her name
Tho next hearing will be on Tuesday
No steps have been taken yet looking
toward the arrest Of anybody concerned in
the stock washing job on "A charge Of con
spiracv to defraud None probably wll
be. IL was said Yesterday, until the creditors
find on, whether they will be able 10 accom-
plish their purpose in the present action.