New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-01-06
SPEAR NOT AT HEARING.
attachment Threat at MHaroe 6
Manroe Examination.

Cameron Spear was not present yesterday at the
nEunroe & Munroe bankruptcy examination, before
Commissioners Alexander, when Samuel Untermyer
called his name Mr. Spear Wednesday de-
elneS 20 answer number OF questions on the
ground that 70 reply would tend 10 incriminate or
degrade him he was instructed by Mr.. Inter
rnyer 70 bring with him his personal checkoooks
and the books OF the brokerage firm Of T. p. Ward
a o. The evidence showed that the Ward firm
had been concerned IN the transactions used in
marketing the stock OF the Montreal and Boston
Mining and Smelling Company.
AbTaham Gruber represented Mr.. Spear yesterday.
lie csid his client would appear at amy adjourned
tina Mr. Untermyer gave notice that IL Mr. Spear
id Dot attend to-day's hearing and bring the books
OF = p. Ward & Co. he would ask for an sttach-
mend
l6s Vntermyer said he had served a subpoena on
e coSored man IN charge OF Ward G. Co.'s Office. and
that the man had refused attend. Commits
uionsr Alexander ordered the default noted on the
record
I ~. Boese the treasurer OF the syndicate which
undoewroe $4,000 Of the stock OF the Montreal and
Boston Company, was the first witness. He said
he hnd never heard of Ward Co. prior to the
transactions In Montreal and Boston
I'D you know a man named Clough7' asked Mr..
UntWmyer.
ssoeoe. "and think defaulted IN hts payment"
why did he default?"
4 90 not know"
M Boese was asked about second assess
FneIft 10 the underwriting syndicate ne AepAAoo
he BAD never been called to pay a second assess
snenE
Mr Unteruyer asked Mr.. Boess why he didn't
now pay the assessment TO the receiver. Mr.
Eoese's counsel objected 10 the question and the
commissioner sustained the objection.
Mr.. Boese told OF a meeting between himself
George d. Munroe, George w. Leach and MI
LOOMS the evening before the Munroe 3 Munroo
failure. The witness said that George Munroe told
him that more stock would be put 10 him in the
morning than he could pay for. 'T asked where
The syndicate stock was" said Mr.. Boese, and
aIr. AiunrOe said Mr.. Curtis had It" The witness
said an attempt was made 10 get staeInet IRON
aGunTOe d Munroe. but Mr.. Munroe was TO much
The witness said that at O'Clock in the morn
ing he and MIR. LOOMS went home leaving the
Others talking in the Waldorf cafe.
And you understood Mr.. Munroe did not nave
bought, didn't your asked Mr.. Untermyer. You
were helping 10 wash some OF the syndicate.
It did not know that I washing
LAT Us see; you bought $4,000 shares 10 protect
the market at Munroes request!
And you were to support the market, k, ,rruro =
hiunroe's stock. had out protecting orders only "
III. Boese said that, on December Z, the day of
N Nuuroe which he disbursed. After the failure Of
hlunroe & Adunroe he said. there 1900 shares
session Of. and which were sold December 8.
The witness explained. after number Of ques-
sfecf for the stock he had purchased the day be-
sore. His purchases for Friday, Saturday Mon
5000 shares These he turned over to Munroe
hunroe. -. .--,,- =,
Eveen sG1nroe & AiunToe and the City Bank. or
H' s.f 1T 5h egt aaesanF
Mr. Boese Eaid that although he had frequently
requested 81, he had never been able TO get q
6esiines vdtb lie Montreal and Boston stock be-
longing &c the syndicate