The evening world., 1908-03-26
BANKER PATHS
CREDITORS HAVE
RECEIVER NAMED
Lawyer Rosenbaum Takes
Charge Of Fugitive's Affairs
on Court Order.

Judge Holt, of the United States CIR
cult Court, this afternoon appointed
Achille Starace. a director of the Italian
Chamber of Commerce, receiver OF the
Pasquae Patti bank at No. 2iO Eliza
beth street. Starace is an importer of
olive oil and wines at No. 76 Pearl
street, and IS wealthy.
The receiver was named following
petition in bankruptcy filed against Pati
oy Attorney Sidney Rosenbaum. of the
firm of Hoadley. Lauterbach & Johnson,
on behalf of these creditors: Antonio
Vniello. 5000 balance on the purchase
price of real estate at No. 30 Elizabeth
street: Maria Liveri. $500 cash deposit
ed. and Vito Sc!sci. 500 deposited.
The petition alleges that Patti Is in
solvent and that he has skipped with
$1,000 of the deposits of the bank.
I'VE will open the bank at once"
said Lawyer Rosenbawn. "and try 10
straighten out the books, II there are
any left. We haven't the slightest Idea
OF the condition of the funds. and we
will not pay off deposttors.
I'VE Will ask the Grim authorities
to Investigate. i am informed that Pati
is out of the State and bound for some
foreign port. We will ask Mr.. jerome,
help settle the muddle Patis bank had
1900 depositors."
That Patti. who is sometimes called
the Italian j.. p, MORGAN, OF this
on on his way to Montevideo. was the re
D rt which to-day reached the ltalian
Detective Bureau at Police Headquart-
ers. Pati formerly lived in MonteVideo
nitlta n
Brazil and Argentina.
on top OF this came the news from the
District Attorney office that new m
vestigation was being made ihto l.at
the latter's bank two weeks ago, AZ
the time 1t was given i5ut that Pati hai
received Black Hand letters daily, con-
tanning threats to murder him, ana uhat
the banker killed Palletere in self-de-
Detective Russo. OF Jerome's squad.
asserts that proof Is offered TO snow
that Palletere was a depositor In Patti $
bank. and that he had been refused
about $500 which he had on deposit. The
report to the DLstrict-Attorney states
that Palletere did threaten to XIII the
banker II he did not at once pay him
thc money, and that upon being refused
Tho depositor drew so and bought re-
yolver lie was cunning for tho
banker, but Pat was too quick Tor NM
To-day the police had n hard time
\
positors and sympathizers who swarmed
IN front Of the Pati barking house. The
Italian newspapers had assured deposi-
tors that Pati would return they sail,
and they were waiting for the doors to
open, when 1t was announced that a
receiver had been named =,
Coroner Peter Acritclh. who Is IN
charge of his deceased fathers bank,
directly opposite from the Pats, as
serts that the small private banling
institutions will soon come under State
II have bill which will be pre-
sented to the. Legislature to resu,hte
was for many years president OF the
Italian Bankers Association.
He explained that during the recent
tutions were suspend,ng business. the
Italian population withdrew their funds
from the many small banks and sent
them to Government savings banks in
Italy.
tlnued to-day in the downtown Little
italy" and IN Harlem and the Bronx
the money exchanges which accept de-
no sits reported heavy Withdrawals t.
the Italkan BanksrS Association.