Evening journal., 1908-12-09
SEARCHING
FOR KIERAN
Trying to Straiehten Out the
Affairs Of the Fidelity
Funding Company
CATHOLIC CHURCH
MAY LOSE A MILLION
sy unILed Presa Leased speeIal VIC

BY United Press Leased Special Wire
NEW YORK. Dec. 9.--New York de-
tectives are searching the city for Pat
rick ]. Kieran. former president Of the
Fidelity Funding Company, now in the
hands OF receivers who is wanted on
warrant issued in Pittsburg. charg-
ing him with Larceny by bailee." They
received word that Kieran after leaving
a train at North Philadelphia last night
came to Newark in another train and
then comnleted his journey to this city
In an automobile. When found he
win be arrested ON the Pittsburg COM
plant.
IL is rumored that Kieran came TO
this city 10 confer with his attorneys
and powerful political friends in order
TO fight the attempt 10 have him ar
rested. He strenuously insists that he
has committed no crime: that he FL
deliv Funding Company instead Of
being bankrupt has an indicated excess
Of 100000 and that all Of the charges
that have been given prominence
against him arc without foundation.
cron1weli's Connection.
The real puzzle in the case Is Tie
connection herewith Of William Nell
son Cromwell. He declines to discuss
at prestnt his repudiation by Cardinal
Gibbons. whom ne declared had en-
gagged him to save the funds of the
Catholic Church involved In the trou-
BILE, and who. when approached in Bal
timore. declared he had had no com
munication with Cromwell II is
claimed however. in behalf Of Crom-
we'll that a very prominent Catholic
90 Baltimore came here TO see
him and. declaring that he was act
ing for the Cardinal, asked that he take
the case and protect the interests of
the Catholic Church. Because Of this
Cromwell believed he was really act
ing for the Cardinal
II has developed that there arc but
about 100 stockholders Of record in the
/ Fidelity Company and with half a
dozen exceptions all are priests and
nuns. Most OF these have lost all OF
the money they put into the company
and are also liable on notes that have
been discounted in financial instiu-
tions throughout the co''0t~'-.
Receiver iGlroy to-day notified In.
{ spector McCanrev Of the detective
bureau that he holds an order of iht
/ Supreme Court calling for the exam
nation of I>ieran and aaiSing that, II
/ Kioran is arrested IN this city. he bc
at once notified so that he can serve
the order
Receiver Giiroy declared To-day that
+ there was no way OF ascertainng how
much the Catholic Church institutions
I throughout the country viii lose. but n
can hardly be less than one million dol
/ lars.
a peculiar proposition that Is troubi
ing the receiver Is the validity OF GER
tain notes signed by well-known priests
and backed by the mortgages on
church property. The fact that this
property for the most part, IS held ir
Tho name of the Bishop Of the Dioccss
will prevent foreclosure. n is alleged
should the makers Of the notes decline
20 pay and this may have stroni
bearing in the settlement of the afrcir'
OF the eenpany 10 Is now certain
that there win be endless litigation as
a result II the failure
a report was current that the arch.
diocese of New York was Interested il
IIieran's affairs to the extent OF thre'
quarters Of a million dollars. This
was denied by the chancellor. who de-
clared so far as he knew. and he lookec
into the matter. no church in tho arch
diocese is in any way involved.