The evening world., 1908-12-08
KE|RAN HOPES TO
ENLIST AID Of
v. n. CROMWELL
"Church Builder Ready to
Transfer Bankrupt Com
pany to Lawyer.
IS NOW IN WASHINGTON.
Concern Owes Millions to
Catholic InStitutionS-AS-
sets Can't Be Located,

sets Can't Be Located,
Patrick j. keiran, the manager OF tn,
bankrupt Fidelity Funding Company
which, according to Receiver Thoma.
f. Glroy jr.. owes between s4,OO0.oOO and
100000 to Roman Catholic churches
priests. nuns and Institutions. has beer
endeavoring. II was learned to-day, t.
get William Nelson Cromwell, the cor
poration lawyer to reorganize the con.
Germ
Keiran's friends say that he has beer
travelling around the country. getting
the consent of creditors to transfer
Of the concern to Mr. Cromwell, and
that is why MIR. Giroy has been unable
to get into communication with him.
At the offices of Sullivan & Cromwell
it was said that Mr.. Cromwell had been
asked by several Catholic clergymen to
reorganize the Fidelity Funding Com
pany, but that he had not formally &C
Cepted the job. Mr.. Keran is in
Washington at the Willard Hotel to-
day.
keiran in Washington.
The Evening World got him on the
long distance telephone this morning.
and he made partial statement, saying
that he would give a full explanation at
noon. When called up at noon, the
hotel people said Mr. keiran was out,
but had left word that he would return
soon.
Mr. Gilroy said to-day that he had not
only been unable to get into commurica-
ton with keiran, but had failed to get
any trace of keirans private secretary,
Mrs. Lorena w. Davis. who disappeared
about the time the reCeivership was or
dered.
Mrs. Davis. according to Mr.. Glroy.
had an active personal account in one
OF the banks where Keiran did business,
and he believes that some of keirans
operations were sheltered behind her
name. He has a court order for eX-
animation if he can find her.
over the telephone this morning.
Keiran said he had just got hold of the
New York papers, and had not fully
gone over Mr.. Gilroy's charge and state
ments. He declared that instead of be-
ing bankrupt. the Fidelity Funding
Company has surplus of 100000.
Father Fletcher. pastor OF the Balti-
more Cathedral. never was a member OF
the Funding Company's directorate" he
declared.
Questioned regarding the issuance OF
life insurance 30 nuns and priests, ana
regarding the statement that mortgages
mad been taken on property belonging TO
Catholic CHURCHES, ae admitted the facts
but added that in no case Of mort
age had the amount exceeded 50 per
cent of the appraised value of the
property on which the loan was made.
Then Keiran denied that Leayy bonuses
had heeu charged for loans made TO the
company by any banks OF financial in
stitut.on on collateral belong ng 10 the
company.
The company financed the building Of
Catholic churches all over the country.
There is no doubt kelran did lane
Office business The Fidelity Funding
Company. wDi-a began such uct.y OPP
e!a'ioaz last spring thu, II attracted at
.eAtipu. do not gonfiUe It's business to
Ncw N"iH. Il went into the Wes;
Sou'. a:1 East. and wherever Keiral
appeared ;aera was business. he!rau
.= p good tdlner. He Us such good
,alEtr t.a, some OF las clients are
convinced Ire used hypnotic power
Owes Carnegie Trust Company.
Leslie ~ SHAW, forma. Secretary @!
he Treasury tud Il; one lane Lead Of ,np
Carnegie Tiu,i Company let Etuun
have SCJ,op1 Counsel fol the Mutual