New-York tribune., 1908-04-29
PROBE MINTYRE FIRM
SEEK sf00.O0O SECURITIES.
Judge Holt authorizes Examination
OF ScCen Partners

beNeopments Of sensational character in
connection with the failure of T 4 NcIntvre
& Co the brokerage concern. are expected from
t5e examination az the seven partners. author
ized yesterday by Judge Holt of the limited
States Circuit Court upon the application of
Irving l. Ernst. attorney for Charles {. Bur
IinEham the receiver. The examination will he
held before Commissioner Gilchrist Arthur
Heck. Of Syracuse. assignee and co-rece1ver of
The bankrupt firm. viii also he examined. The
firm consists Of 7. a. Mcintyre. John C Nc
Tutyre. his brother: 7. \ Mcintyre jr SON.
and Edward T White George c Ryan. Of Svra-
cuse. James z Hulshizer Of Roboken and
James " Hudson. Subprnaes will he issued
for the appearance OF the firm members in
Guiding Thomas 4. -cIntyre. the senior men,
her. Who is III at his place in North Carolina
Maurice Leon. counsel for Thomas A Nc
IrTyre said yesterday that he had not heard
<-o-7 his client. but added that he had seen a
telegram from Mr. Mcintyre dated Onslow
y g. in which he denied many Of the stories
now being told. 4 would take with a grain of
salt said AIr. L&on, these stories that the
securities said be missing viii reach
S4aaosc'' The most important fact the receiver
seeks Is The disposition Of this S4oooeo worth
Of securities.
The same crowd Of Clamorous creditors col
re-1ed outside the offices Of 7 a Mcintyre &
@ ~ No. Il Broadway. yesterday. and the
letters from owners Of the missing securities
continued 70 arrive until they made formidable
r7olzinc stack. The creditors who called some
~ them from out OF the city. did not get into
rrr Offices the guard at the door explaining
,-s- an examination Of the books Was being
made which would not 5e finished for several
5evs Among those in the hail ere employees
= -t-a 4-r, who had not received their salaries
S,-7e of them said that when the crash came
--z-s VAS not sufficient funds left TO pay tleI.
While there has not been time Yet L" aS1oi'
--z classify all the letters that have reached
-t- ,--riyer some items were taken from
.te-- which show among the missing secuII'les
-.,a following. Sixty shares Of koch ISiaiN
..-.r--r-d. - Of southern Pacific. 20 Of Amer
---- smelling ana Refining 20 Of Anaconda I0'
- Ar3glgsmated. 100 IF cast Iron flpe' i'0 -
- z-,-l Ar Frakc.-2 Of Great Northern. II
- 7,,-r1-7,a-, 100 Of Great Northern, for WIllch
- vas paid by the party purchaser VIZ
--5 - -.7sr time $1,000 with the firm 10 Oh
.,ra.7ss - of Missouri Pacific. 20 OF YUKON
So =. Paul bonds. 2oo shares Of southern IA
-==. . Of Great Northern 100 OF NeNada- 'dl'
55 = Yukon gold. 100 IF steel preferred -0o
y. : 5,,,is and san Francisco preferred, 10 OF
Erie. 100 q Pittsburg Coal Missouri Mans
- 4 Texas bonds. : shares Of Steel preferred
- -. - Missouri Kansas & Texas preferred
-,--r7esa 7-ar7s were taken from letters when
.s. ,-,-s-,r,,ers f the firm have been sending 10
-r- receivers asking that they lee res'oFeu'
sid NJ Ernst They represent about "lv-
-.--r-z- # the total amount Of securities WhlcA
...---,, ne accounted for Several local OahhS
r-z,a been selling out securities which TIE ArIn
had ,5a-os!red with them. in order 10 protect
themselves Among these are the ConsoHdaIeu
~-,a7sr psrlz and the East River Bank Ihe
-..-efz--rs have not ben able t. find these Sc
----=-fes The -ru had no right 10 put them UP
- ..1lateral They were the personal property
= customers.
In reference To possible action 70 call the al
fairs ..r T 4 Mcintyre < Co 70 the attention
e r. District Attorney Nj Ernst said: i
-.-5rsz -Far : = matter for the creditors not
--- -re receivers. The receivers have not taken
any such step
l- z,es said chaT Immediately after me com
--- failed it, banks that held securities as col
lateral for loans sold them Some OF the Sc
..,-.r+-s II MS said. disappeared a short time
"a fore -s7e failure Was announced II IS eN-
-.~-re6 mat numerous suits VIII be brought
against -he members Of the firm TO recover Sc
l--i-tes fully paid for.
---l-ll- p Heiuze. Of the firm Of Otto HetTze
< DO aid. Ny personal relations with McIn-
---r & 60 are friendly, and this action WAS
taken without my knowledge or consent !
-.s.lerlaIfv an in no way responsible for this
s-e7. me proceeding having been taken by an
r=l--- = The court