New-York tribune., 1907-11-05
THOMASES BREAK PACT
DO NOT RETURN NOTES.
Woodruf VIII Again Help in
PrOUident Life Troubles.

me syndicate Of Philadelphia capitalists and
life insurance men, headed by John j. Coyle
Whlch signed an agreement with E. r. and O.
r Thomas for the purchase of the Provdent
Savings Life Assurance Company and turned
over TO the Thomases 81 100000 in notes and
100000 in cash, did not receive yesterday
either the S12,5OO in cash or the 100000 in
notes which, under a tentative agreement en-
tered into on Friday. was to have been given
them yesterday
There will be another conference tomorrow
afternoon, Timothy L. Woodruff will have
had time to give the matter his personal at
tention, and the syndicate hopes ne will sue
ceed in getting back its notes and cash and
thus eHecting .amicable settlement
Edward Lauterbach, representing the Thom-
ases, held n conference with syndicate repre-
sentatives in the law offices Of Morgan j. O'Brien
IN the afternoon. Mr.. Lauterbach carried with
MIN about $36OOOO of the syndicate's notes. He
oHered to turn these over to a representative Of
the Philadelphians. The offer was declined. as
by Fridays agreement he was to have returned
100000 in notes Mr.. Lauterbach did not give
back any of the 100000 in cash either.
The situation stands now practically it did
Friday. The syndicate is still out some 81, ,1OO.-
600. A member of the syndicate put It: we
have been given many promises but cash,
and the latter is what want"
The Phadelphians will give the Thomases
until November II to return the money and
notes. If they do not do so by that time, pro-
vded there developments, the syndicate
will instruct it's counsel to take such action as
the statutes of the state permit. 1t was plain
yesterday that limit to their patience had
nearly been reached, and it is highly improbable
they will tolerate further delay
Mr.. Woodruff still hopes to affect an amicable
18th
ing was done to-day" he said last night. be
cause have been too busy to give any Of my
time TO the affair. I will not have any time to
give to 1t tomorrow either, but on Wednesday
I shall take the matter up and l believe will
be able to adjust all differences"
II was Mr. Woodruff who brought about the
temporary settlement on Friday. and the syndi-
cate looks TO him for help again. Representa-
tives OF the syndicate feel that unless Mr.
Woodruff can succeed in doing this extreme ac-
ton on their part will he unavoidable
Mr. Lauterbach said yesterday afternoon there
was no change in the situation.
Are you going TO hand the 100000 IN
bonds?" he asked.
II cannot answer that question" he replied.
"NIr woodruff is out Of town and it is improb-
able that anything will be done to-day"
Mr Woodruff was somewhat surprised TO hear
that Mr. Lauterbach had said he was out of
town. He must have meant was in Brook
lyn." he finally said.
After the conference in Mr.. O'Brien's office
Mr.. Lauterbach walked out holding a bulky en-
velope In his hand. II the envelope that
contained the notes OF the syndicate. One OF
the notes that the syndicate gave the Thomases
falls due about November o II is for $2O.O
What about that note it falls due before the
time you gave the Thomases to effect a settle
ment is ended?" Mr. Coyle was asked
u never have had note of mine go to pro-
test and do not expect to-" was his reply
I'VE will make arrangements TO look out for
that" added Judge Bartch, OF counsel for the
syndicate.
Mr. Coyle returned to Philadelphia last night