New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-02-07
AFTER KELSEY
QUESTIONS HIS CONDUCT.
Begins Investigation Of Republic
S0JingS and Loan ReceiUerShip.
TBy Telegraph to The Tribune ]

he tIo
transactions of tho raceyers o,,d thar .o,,rseI
cbaraipo, 1ov,ass o,I ,,.os.o
ato4o,,,o+ ,os 49, 49,, ,..o C.o,oroI
~ .,Ii,,t,,,, ,t- 80 ..,,5ot ~,
the receivers of the business OF this association
in snch a ,,,apnar that Tho essate ba,e 5u.indIed
4ron, SeOO OOo .. spooon
~ %o00'V'o ~ V"0''VV'
MI Kelsey to&ey told his friends that he had
virtually determined to tell the Governor that
:, -, - -,
nc oouAu Hol IeSIsh uHuer Hre'
In 1Sol proceedings were begun to dissolve the
Republic Savings and Loan Association on the
recommendation of tho S,,nor,r+endan+ of Ranks
4, -. -
Al that Time according 10 the Attorney CEN
erals Office It's assets were about SG00000 Otto
KoIsay and Edy.o~d r. pie,os ,,oro onnorntod
receivers ,rbei, counsel I-ero rIosIronck &
teooAF'i7' IHe1f Coul'se1 were Ai"7"iouNN q"
Johnson OF which hrm eX-Judge u. b. D. Has
brouck is senior member O. P. Howell. who
actad ae sroc,aI co,,psoI for tho A+torre,, Gem
-
eraI uhuer designation OF MI mayer, was re-
lieved of that post to-day by Mr.. jackson.
,,r ,,-,rr,, =, ,,,-,,e,.,,~,>- ,,,-,,r,,1,1,D
- "'- w ' -> -
Just before Attorney General Mayors term
o,,,,troo ,,,,. ouad,tors 80 Eva pon,,bI,c Asso-
NP'''N' H1''' N'4 " ' ~
| ciation had hearing before Justice Kelley IN
| Brooklyn to protest against settlement of the
oca,,.or, ACCOUNTS ord ,a,,r,,a,+ of the foes of
,i - IoI, - na,,rosov,,,re ,r,or,,
! uneF counsel Jop heuses' REPRESENTING many
Of the creditors. filed formal objections Justice
! Kelley referred the whole question TO Alexander
! :, , ,,,, rr,, .s..,,o l.,
! Nehehne!' OF brooklyn Inns IeIelehce III
| volved complete examination of all the ac-
counts Of ths receivers The Attorney Generals
| e+a+ep,art ra1ates tho res+ NJ this history as
ga so n'eI'le'' '"' " LILO
| lollo"H'
| Hasbrouck G. Johnson were much dissatisfied
! with mis- order and sought to prevent an in
| ,,asti.,a+ior % tbai- occ6ur+, tn o+ber statos
and eDnIJad ~ NJ Trstica Dfckia n reaet+Ia the
order granted by Justice Kelley so as TO prevent
| the investigation above referred to. Upon the
| latter motion the present Attorney General ap-
| peared to object and Mr. Justice Diokie refused
to pass upon the resettlement OF the order In
the New York corrte had fuI poWeP of investi-
| eating tbe proceedings Of receivers appointed
6I, hem tbomFb tasiSg Mace IN other iurisdic-
! tons
! The hearing before Referee Mckinney is held
ND until the discrimination OF the motion now
! before Trstice Kelley which will come up for
| areII,,,eI,I ~, NTarda, ,evt
| Attorney General Jackson will AZ that time
| onnoee ,igorousIv anv change Of the order which
| may stife a thorough and complete investigation
! INFO the proceedings and disbursements OF the
| receivers and OF the charges fees and moneys
| paid over 10 their attorneys. which the creditors
oI me association oia'il 10 0e u "'''
| Iro1,, oil tho Norma ,,or obtaipable So the
| c-e5ttore 20, ,- aITaars ti'at The casb nov in
| hand AGGREGATES about $4,000 and of this
| en7O1,nt 81 SS6 &c II, interest
| Erroro T,yne 1oO3 10 rulv Il 1907 Hasbro, X
| g. Tobnson attornevs for the receivers received
| in Feae In mis- Inattar 500 GS9 S9 and it would
| a+,1ear from the ma ners thai this enormous
| amount ,.as naId +ban For the collection ~
| annro1IrneteIv $40 OOO
In cd in
| these two amounts did not include any fees
which they RECEIVED I'm jurisdictions outside Of
| ,be S,ata og NeU York
| Tbei~ Faas a., tho state ~ relay.ars we're re-
eardad as evresei,o GO avcassl,.a thar ,be court
! appointed a master I'm chancery TO review their
| charges. who reduced the sarne about one-half
In matters in connecticut Hasbrouck &
! Johnson raceivad 81 T6g and an attorney bv tho
| name of F,ogers counsel for them. received
$500, and there does not appear 70 have been
any cphs'ueIa a''o" co''eo'eu Io' '"9 'e'el'e''
! $1,000. -
| LIZ" o' T-'''' iNiN III
In matters In pennsylvania 1t appears on the
Iace oL lnG papeIS 'e l'e Iece.Vets , S53 900 900
For services rendered in the state Of New York
exclusive Of the sums herenbefore paid said
Celyers, IhGy reSfEf4 4on "a IVVI In ices 6t4U oo,
ana fToH July 20, l7US, 70 July ~ 1919. tney
IeceIVtu IN 'IrIs Sltte 90, = -. - Mouu aLso
tpPtdI ,'nL P'ilJ,'lilliI ~, iI q ~ pI
ma" oi MI "',i'''i' " ~ --' ~ 80
q Johnson acted as agent IN seilnS the prop
erty OF i4e lodi tSso'I anu ldI 10 S5tIeS
We're mace except pS "l t,Ioubl IIIIIl' anu 'i,9S
all sales were private. query. 10" huch dlu
ne receive. , ,.- l., 49,. .,,. - -
mere are HeNtia lseII' 900 ,5y ''e ill IN t"l p
clal help- one pe!ns LOT e-VV "~IlCn ~ vas IaId 10
W. J. NeIIs' Jr. Tor preparing case OF cialhl i"r
! trial 1r9m the best information now op''Il-
able. Mt WeIls - not even an allofhey.
Inc account anu opJeIII''s llsIt.o ~ .s'Nel -
getc: lhdl'dte tlI'u Iili
charges ana lii'PIo'Iue'll "dsIe oi li.e
money, and the conduct by me reeG'Ncrs u me
business OF thlS assocation IN suCii a. manner
that the assets nave aWIued ron nuo"V.n 20
less than S"o,Vp,, Whicn IN 'he "plil'n OF 'he
Attorney General, JustleS the most rigid a:d
searching examination OF the proceedings OF the
receivers IN all Jurisdictions.
me creditors are lllul8h9lt over Tue TACT tIltt
me attorneys lot Ihe receivers appear 10 nave
received In Tees sum eqiaI 10 more than
three times the amount OF thc dlVidehd whleh
the creditors VIII paruclpate III. Althoush SIX
years nave elapsed since 'he proceedings were
begun the creditors nave received hotHnhs'