New-York tribune., 1909-05-21
NOT TRUE, SAYS HEINZE
DENIES BROKER'S STORY.
Copper Man Says R0thenberger s
Co. 4re His Debtors.

r Augustus Heinze through his attorneys. Levy
& ROsentlal e No Rector street, issued
statement yesterday in reply to the charges made
By counsel for the bankrupt firm Of Rothenberger
& Co that ne was responsible for the difficulties
Of the firm ny having repudiated contracts he had
placed with Il for Ohio Copper stock and that he
had taken cash and securities belonging to the
Rothenb.rger frm from The latter's Office
Mr. Heiaze says that he tried help the firm,
but thar It had been made the clearing house for
lot Of washed stock sales and purchases and that
its books in lad condition. He says that
while he willing 10 take W for the firm leGitl-
mate purchases OF stock. and did take up and pay
for 1900 shares Of Ohio Copper. he declined 70
lend his hand 70 any Of The alleged fake tansac-
lions. amounting 70 about 6o.c1o shares in which
he says the arm was involved The statement fol
lows:
The oniy transaction that Mr. Heinze ever had
@hen be gave them an order to buy $500 shares Of
Ohio Copper Company at New York and Salt Lake
So. sm, and Mr Heinze gave them +,4co shares OF
Ohio Copper Company stock collateral for this
account for which he holds their receipt
Some time in March M. Rothenberger came TO
Mr. Heinze's Office and told him that his firm vas
up with large amount of 0hio Correr stock s
which they were unable 10 carry Fe told him that
i he would not get help he would have 10 go into
At frst Mr. Heinze refused TO come TO his assist.
ance. but afte3 further solicitation on the paTt ot
his men go the books Of the firm and said that
# $4,000 would the firm through he would con
Fotbenbe-ser's books " bad condition and
that the firm the clearing house for lot OF
washed stock sales and purchases. Mr.. Helnze salG
he was willing 10 take up for him only legitimate
purchases.
During the next few DAYS he took up and pad for
7.3c0 shares Of Ohio stock At a cost OF si5'-s' o.
o. these 800 shares loo shares were delivered al
the request Of Rothenberger & co. 10 a Stock tx
change house. This house paid by check TO the
order Of kothenneTger & Co ana as tese . sllaLT =
were really the property of Mr Iieinze. Rothen-
berger &, Co Immediately drew their check TO the
order OF Mr Heinze's representative Tor s.I9'-
This draft for S234 constitute me asset
ferred 10 in the bankruptcy schedules as money IN
the hands Of Mr.. Heinze. Rothenberger & cos
hooks viii show that they owe Mr. Heinze over
s2onal
For the last rvvo or three weeks Rothenberger
came Heinze's office, repeatedly asking him 70
advance more money enable him to pay OF some
Of the commissions he owed either brokers' MI
Feinze refused to make any such payment
M. HeiuZe explicitly states that he was IN no
way interested Wit! David Lamar in the tTansaC-
Rothenberser & co. Mr.. HeinZe has further asCeT-
tained that 400 shares of Ohio Copper which
he intrusted 20 Rothen6ereer q Co on February :"
collateral was subsequently without MI
Ffeinzes knowledge consent. delivered to David
Lamar. on Nr Lamars representation that ne vas
interested with Mr. Heinze in the purchase
Mort Rothenberser and his attorney, Edwin P
Phillips when shown Heinzes statement said that
the facts were not stated by MI Heinze, but
further than that refused to talk
involuntary petition in bankruptcy filed
against the firm yesterday in the United States
District Court by II. .. Einstein & CO. OF No .
Broad street; Alfred J. Kohn Co, Of No. 81
Broad street and Ashmore & Co. Of No. 43 Ex
change Place, with total claims Of 5000 II is al
legged that the voluntary petition filed on Wednes-
day by Moritz RoJhenberger is invalid. Judge
Hough appointed Peter Alexander, q lawyer OF No
g William street. receiver. under a bond Of s,H"o,