The evening world. [volume] (New York, N.Y.) 1887-1931, 1908-12-26

taste in this city. The Poor residence
at Tuxedo is a magnificent pile OF stone
and brick, one of the finest homes in
the millionaire colony Of that exclusive
place.
Estimates Of Liabilities.
Some set the figures OF the failure as
above $4,000 900. basing their conclusions
on the friendship that existed between
Mr. Poor and ]. p. Morgan. IL the saw
ing of Mr. Poor from assignment had
been a matter OF only 100000 or there
abouts, II was argued, Mr.. Morgan
would have loaned the money rather
than have the financial world shaken by
the crash.
The transactions of the H W. Poor
concern were on the most extensive
scale. Mr.. Poor's specialties were Cuba
Sugar and United states Leather. and
he handled big syndicate operations,
Mr.. Poor is president and director
Of Poor's Manual of Railroads and
president and director OF the Postal
Telegraph Company of Texas. It was
said to-day that his concern was
recently compelled 10 give up the publ
cation Of the railroad manual.
After the announcement Of the failure
two important conferences were held at
once, one in the offices OF Strong d Cad
walader and The other at the home Of
Mr.. Poor.
Several representative fnanciers at
tended these conferences. At the Gram
ercy Park home Il was said that Mrs,
Poor had been overwhelmed at the
shock of her husbands failure. as she
had expected him to tide over his
troubles b. the large sacrifices he has
been making for the past year.
That he was hard hit in last YEAR,
panic became known when his wife. in
whose name the title 10 No. Lexins-
ton avenue stands, was compelled TO
raise 100000 by giving mortgage on
the home, Mrs. Russell Sage bought
the mortgage on Dec. 7, 1907. Mrs, Sage
and Mrs Poor are close friends and
have been associated In the direction Of
many charities,
The proceeds from the sale OF the
library, the money obtained on mort
gage and the sacrifice OF large holdings
OF bonds and securities have all been
devoted TO an effort TO stave off the
crash that came to-day. The most inn
portant creditors, however, were com
PEELED to make heavy demands on Mr.
Poor
The Anderson Auction Company, Of
No. u East Forty-slxth street, began
the sale OF the Henry w. Poor library
on Nov. IL last. The first days pro-
ceeds were $4,000. The library repre-
sented the patient efforts of thirty years
to gather together one OF the finest col
lectlons of rare books In the world Five
thousand works were included in the
sale. Among those who bought at the
sale, besides j. L. Morgan's agents
were Mrs. John d. Rockefeller jr.. Mrs
Joseph Pulitzer, Robert Collier, Beverly
Chew, Senator Henry C. Lodge, George
and Howard Gould.
While the library sale was going on
Howard Willetts. whose country place
near White Plains Is a rendezvous OF
the Westchester hunting set. brought
suit against Henry w, Poor e. Co. for
in railroad bonds into which Mr., VII
let's SAYS he went because Of the adj
Vice he received from MT Poor, Willetts
charged fraud and false representations.
MI. Willetts invested .2+s.S0O in ~ OF
/ the bonds OF the Newton 4 North
western Railroad OF Iowa. lie sued TO
recover the amount with intsres., less
ssi. - which he received from Hsnrs
". Poor 4 Co. by Way OF Interest. VIII