The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1908-11-06
GLAz|ER' 5 BOOKS
ALTERED; ODD
SYSTEM
IT is BELIEVED THAT TWO MORT
CAGES ON RECORD IN CHELSEA
SAVINGS BANK REGISTER MAY
BE INVALID.

CHELSEA. Mich. Nov. 6.--Notwith.
standing exState Treasurer Frank p.
Glaciers remarkable failure OF mem
DRY with regard to every point that
might prove Of disadvantage to his
case. during his examination by Ref
cree In Bankruptcy Harlow p. Davock,
Of Detroit, and his extraordinary clear
nerr Of recollection with regard to all
points which might help him. 1t was
finally adduced that two mortgages
on record In the mortgage register
book Of the Chelsea Savings bank may
be invalid.
The discovery Of an apparent altera-
ton and substitution Of dates tn this
book, in Connection with the entry in
relation TO the mortgage OF 100000 on
Glaciers Ann Arbor business property
was one OF the discoveries. while other
testimony apparently indicating that
this mortgage as well as the other one
for $780, 900, covering the Biodgett te.'
race in Detroit, was given merely to
cover past due paper held by the bank,
seems TO supply basis for the belief
that these two instruments are invalid
and the amount for which they were
drawn may be added 10 the fund for
division among the general creditors.
Stubs Also Burned.
Asked what had become OF the check
books and stubs OF the Glazier Stove
Co, Glazier explained the checks had
been burned each month after they
had been gone over, while the stubs
were tdumped in the wastebaske
whenever the stove company did any
housecleaning, and burned In tho
same way that Glaciers personal
checks and stubs are said to have
been disposed Of he only checks and
stubs found were those for November
and part OF December, 1907.
Glazier continually referred the
lawyers to the books OF the bank for
Information concerning his various
transactions, when asked to whom var
ious amounts OF money had been paid
by him. Finally he was reminded by
one of the counsel that while the
banks books might show dates and
amounts, they did not disclose to
whom the money had been given.
hazy in Identification.
Except In some instances, where
the attorneys by their questions seem.
ed to Indicate a knowledge of the mat
ter which they sought to bring out by
questions. Glazier for the most part
seemed unable to identify the persons
who had received money from him.
Examined in reference to the two
.,.fn for hn
Ann Arbor property, dated May 9
1907; the other for 100000 on the
Blodgett terrace, Detroit, dated July
%, 1907, Detroit, dated July 20. 1907,
Glazier said that both had been given
the bank TO take up old notes that the
bank held which had been drawn by
his wife, his mother, his daughter.
himself and in infant son. From the
testimony on this point the attorneys
representing the general creditors
hope to establish that the mortgages
are invalid as having been given mere
ly 10 take up past due obligations.
The banks books show a charge Of
$4,000 against Glazler. May 81, 1907.
He explained that this charge repre-
scented the mortgage on the Ann Ar
Dor property. When the mortgage
register book was consulted 1t was
discovered an alteration had been
made in the entry with the aid of an
ink eraser. the date May 81 being
written over what apparently had been
Dec" This is taken as an indication
that the mortgage was not put through
the bank until the later date. Glazier
professed to have no knowledge as to
who made the alteration In the book.
insisting the mortgage transaction had
occurred May 81. If the mortgage did
not pass through the bank until De-
cember, 1907, this fact would supply
an explanation of the testimony or
Bank Examiner Zimmerman, that he
knew OF no mortgage concealment by
the bank
Queer Doin's.
Another curious feature in this con
nection Is relative to the entry on
the mortgage register The book IL
one of the loose leaf type and the
pages are ruled and designed to con-
tain a voluminous description OF the
mortgage entered. In this case the
only entry is Frank p. Glacier, $780,
600. May 81, 1907"
Pursuing the investigation OF the
altered entry. the bank receiver was
called on to produce the envelope that
had contained the mortgage. II was
an ordinary Manila paper folder. The
date on II also showed traces OF hav-
ing been changed.
Entry Omitted.
Qlazier testified the mortgage on
the Blodgett terrace for 100000 had
been put through the bank October Is,
1907. The mortgage register contain
ed no entry OF this Item, nor did the
books OF the bank show any credit TO
Glaciers account. Thew illness In ex-
PLANTATION, said Examiner Zibberman
knew of the, mortgage. and approved
of its concealment. -,
Another interesting piece Of fnan-
ciering came TO light In the tabulation
OF Glaciers personal account In the
stove company's books. where. on May
10 1907. Glaciers private accounts IL
charged. with checks on Detroit banks
TO the amount OF $4,000, while the
same account Is credited with sun
dries" ranging from $4,000 to $4,000,
aggregating s143. 900 and balancing the
account
Concerning these, Glazier remem-
bered OILY that the entries represent.
ed the transfer OF checks on Detroit
banks to the stove company. He ex-
plained that II was the custom for the
stove company TO isuse It's check and
charge IL to Frank p. Glaciers per
sonal account. He would then take the
check and turn II bach to the stove