The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1908-12-17

criminal action will be started In the
Cameron Currie failure case. said
Prosecuting Attorney Yerkes, Thurs
day morning, and to be prepared we
have watched the hearing in the Unit
ed States court carefully.
Whether | will start the action or
wait FOR my successor Is not yet set
tied. The circumstances place me In
an embarrassing position. hold office
only IA days more, and II | start ac-
ton now people will say that ! am
starting something for Judge Van Zile,
the prosecutor-elect, to settle, and II
do nothing they will say that | am
showing the work over on the new
prosecutors shoulders. In any event.
Judge Van Zile would have to take up
the work and will do nothing without
comforting with him.
There are number OF men ready
to make complaints against Mr.. Currie
and Mr.. Case, and several are deter
mined TO start action at once. we are
now looking up evidence In seVerai
complaints"
Bankruptcy Hearing Postponed.
The Cameron Currie & Co. bank
ruptcy hearing before Referee Davock
is at an end for the time being,
although the case will come up for at
tention before the referee every mon
day afte noon. A later examination Oh
the bankIupts may be had II the creui-
tors discover any matters that require
further probing. the adjournment 10
Jan. 4 having been merely Formally.
Now comes the struggle. In the near
lings before the referee, to establish
references in the 100000 or there
abouts OF assets which the trustee Will
have. Trustee Fred G. Austin VIII
also prosecute the suit against Hay.
den Stone & Co, eastern agents of
Cameron Currle & Co. using many OF
TIE facts brought out in the three
DAYS examination OF Cameron Currie
and Louis H. Case as basis
One thing not brought out by the
lexamination is being talked OF among
the attorneys and this may furnish the
oasis OF a further examination.
How much money did Louis II.
case draw out OF the firm and what be-
came of lt?" is the question that the
LAWYERS are asking, but the books do
net show these things clearly and the
exailil alton did not develop them.
IL think the showing made In this
examination Is such that many OF the
general creditors will not take IN
trouble to Ale claims" said Attorney
Ronald Kelly after the ADJOURNMENT
Wednesday afternoon. Ihere Will
probably be something left ate: the
preferred creditors are through hct not
enough t. pay any large percentage OF
the general claims
New Facts Disclosed.
Wedne sday's examination disclosed
some new facts with regard to tire
Iconduct OF the brokerage business. One
was that money had been withdrawn
from the "Adde Selfridge" account
when Il was under water that is,
when the stocks had fallen to such an
extent as TO swallow the margins ami
leave the account in debt TO the firm.
Louis II. Case testified that the ac-
count had been opened on behalf
of q cousin. who had 5000 TO in.
vest but who had later paid In $500.
She settled for all losses In the "a
Icoun hut the account was used for
other deals.
How many transactions did you
have under cover OF that account !" In
quirod Attorney Stevens.
ANY humber. | could not say how
many without referring TO my private
memoranda"
Details were then taken Up In the
account such as the charging of
credit OF $1,000 to one L. J. Foster,
which was due, Case stated, to the
atter's claiming that losing deal
charged to him was the fault of a
clerk.
Check Against "Under Water" &c
count.
when the Selfridge account was
under water $1,000 there was a heck
OF S42O drawn against It," charged
! Stevens, and there were other IN
stances Where did that money co.
81 can account for all OF il II have
an opportunity to co over he books
Did you get IT."
THE greater part of II belonged 10
me II was represented by profits from
time 10 time"
There was wrangle over the
amount Of money drawn ont of the
firm this year By Case. Attorney TO
vens showing items OF SiS.lS0 while
Case insisted his net withdrawal WIS
but $4,000 I'm reply 10 a question ~
Sidney T. Miller Case said that the
employees OF the old firm had been
taken care Of by Hayden. Stone CO
Attorney Ronald Kelly produced cor.
l-espondcnce 20 show that d client Cf
Ibis. J Ii Normineton. bad paid for -
shares OF Adventure stock and EFF II
with the firm He wanted TO know
what became OF the stock but could
not learn
To Probe Cases Deals.
] Reinforced with the Information
acquired during the Cameron Currie
a. Co examination. Trustee Austin
will have further researChes made by
his accountants into the books OF the
nrm/to unravel the deals of the Louis
III. Case the junior member.
We cannot tell anything about his
standing until after another study OF
the books has been made said Mr..
Austin, Thursday morninr
The books OF the firm show that
Case was debltted with $4,000 on his
personal account against which stood