The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-04-30
SCHETTLER, JR.,
HAS BAD MEMORY
Cannot Recall What He Paid for
Piece of Real Estate.
EX-BANKER STILL DEFIANT
DENIES HE TOLD S. J. BROWN
ABOUT PROTECTING WIVES.

The examination Of p. II. Schettler
was resumed yesterday morning before
Referee i'm Bankruptcy Charles Bald
win, and the particular feature of the
investigation was directed at G.. Her
man Schettler, the son of the eX-banker-
Young Schettler had testified that he
had acquired title to certain property
and the iuquisitors were anxious to find
out just how he managed to get it, Fol-
lowing the example Of his father ne
said that he did not remember. and
could not recall the circumstances un-
less he had an opportunity to examine
his private papers He was told TO do
this and to be ready with his replies
when the examination is resumed at ,
O'Clock Monday afternoon.
When the examination was begun
yesterday morning the elder Schettler
resumed his place on the stand and was
as defiant as he has been at any time
during the proceedings. Before reSum-
ing the examination, Lawyer .. B,
Stewart. counsel for the depositors, re-
quested that, Receiver r. II. Anderson
should leave fine room for at least thirty
minutes until MI. SChettler had fin
ished his testimony
From a paper in his possession Mr..
Stewart read as follows.
Samuel J. Brown called upon you
on or about Dec. 10, 1899. and Mr..
best way in which to fix up his prop
erty. so as to avoid any trouble and
expense after his death. You informed
him, Mr. Schettler. in your own case
that YOU had made out the deeds to
your own property i'm favor of your
wives. but had not delivered the same,
and that they were then i'm your safe
70 be delivered and recorded after your
death. At the same time you told Mr.
Brown that the Brigham street proper
~ was yours and that it cost you about
$40 month to live in your own home.
How about that Statememt?"
Il deny the whole proposition said
the witness I also deny having told
Mr. Brown how to deed his property so
that il would come to Ms. Brown after
his death"
Decided Property to His Son.
The witness testified that all of the
property he owned when he started his
bank Jan Is, 1892, was the half lot in
Brigham street. corner of Fourth East
street. This piece of land. he said, he
afterwards decided to his son Ernest r.
Schettler for 81. He admitted that
Ernest F. SchettIer had made COnsid-
cradle money on the side by buving
and selling stocks. drawing his checks
on his fathers bank to enable him to
swing his deals. and all the time the
son was drawing his salary for full
time and charging it up to the bank He
money on the side and thought It was
legitimate He had never received a
dollar from any one unless il came 10
him directly in his capacity as banker
Mr.. Brown was then called to the
stand and testified that the CX-banker
told him ON Dec. IL, 1899. that he had
made deeds which were still unrecOrded
and were i'm the banks safe These
deeds we're made out In favor of his
three wives. and constituted their DreS-
10 Laf 4 ls4s 81
had told him he had arranged il so
that in the event of his death each wife
would have her deed handed to her and
she could then place il on record when
he was no longer ON earth to claim it,
lust before noon Receiver r 4. An
derSOn WAS summoned into the room
and, under oath, said that Saturday.
oct 10, 1904. he was called up on the
phone by George r Gibbs, and that
the following day he met Mr.. Gibbs at
the corner Of First and Z streets agree
able TO the request of MT. Gibbs. He
said that they walked to & and Brigham
streets, where Gibbs went into Schett-
ler's house and came out with him i'm A
few moments. The trio then walked
down to SChettler'S bank. on arriving
there the witness said he received his
first intimatiOn that the banker was i'm
financial straits. At the bank they
compiled a dOuble-column list showing
the cost To the bank as it stood on the
books of every piece of property and
every note and asset which the banker
claimed to OWL I'm one column they ar
ranged SchettIer'S own valuations as 10
the same and i'm the other were the val
UationS rs deemed eQUita BILE by MI. An
derSOu and Mr.. Gibbs. After the two
columns were tOtalled il was found that
there was discrepancy between the
book values and the real values as civ
en- by SChettler of $4,000
This meeting at the bank occurred
three days before SChettIer closed his
doors. and since that time the ex-hank-
OF has frequently said that he did not
believe that he was i'm a bankrupt con-
ditiOn. Mr.. Anderson said that Schett-
Ter had asked him to become receiver
or the bank, but that ne had demurred
At the outset because ne was not Ger
tain As to the wishes of the creditors.
Son Has Defective Memory.
q. Herman SchettIcr was called to
the stand soon after the session was
resumed i'm the afternoon He was
questioned by Mr. Stewart as to b5e
title to property in 9 street now i'm his
name He said that he got it from his
brother. Ernest but he could NOT re-
call what he paid for it,
do YOU mean TO tell us that Won
have no recollection of what YOU paid
for that property" said NIr Baldwin.
Il cannot recall just what 1 paid for
it."
Did YOU ever hold any other piece of
propcrty?'
NO. sir, that is the only DroDertv
] ever owned i'm the way OF real estate"
How did YOU pay for it,
II don't remember"
Did you pay for it i'm cash or by
check"
7 don't remember"
DO you mean To tell me that You
bought the first and only piece of real
estate YOU have ever owned and can
say upon oath that YOU do not know
what you paid for it, if anything"
II don't remember. II have a chance
10 look over my papers ] think I may
be able 10 give YOU the information YOU
ask
At this stage in the examination il
was agreed to postpone the proceedings
until ? o'clock Monday afternoon.
SOME CENTURIES AGO TODAY