New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1909-08-15
IN CLERK DISMISSED
pv WTNDSOR TRUST.
o...5ent Toung's Report on Joyce
rocn To Be Considered ~
Directors on TUESDAY.

.,s Eeinze. sterling Birlningham has lost
head Of the oompanys loan depart
,.,+ satisfied with the dismissal Of Bir-
-, who has admitted that he received
sE-s E <,- himself in the transactions. the di-
n the trust company are determined -
-. inst where rhe company stands in the
- snd the results of Tho investigation now
D1I' oo,s,,r-ed rv President Young viii he
..s3ered at special meeting of the executive
'-.i-,se Of the beard Of directors on TUESDAY
-. snnounoerert Of BirminEham's dismissal
rs5e YESTERDAY in a statement issued hy
n..,ss 7. Yourr. q brother of President Young
~ yornr's s-srswer- follows
ss-rng BirulusHa-n IS no longer connected
| = ,bs WinFS-r Trust COMPANY having beer
| sA.-rsS when fr was rscerra med that he had
.-ras a comm fesior of $3.50 in connection with
| !. i1sn s1ppose5iv made hv Charles Katz. pres
| =. ~ The e stern Brewery. 70 N. NJ Joyce.
| Re- cor7pany las made an exhaustive exam
| .-- irto The ct~cuustalceS surrounding Tins
,,- snd any possible connection of The officers
.-rioves with Richard Kaufnarn. and IS
| --scsS that ir has not had any transaction
~ rorf-,ern or anv 0f his associates further
%.- IS clearing agent IN the transaction TO
-. ls-,,,-b ss the of7ce ~ the District Attornev
=, -nSsr consideration the act Of Nr. BiTmIng
s. - s,.ertirc a commission = IS manifes1ly
.,-nrsr that This company should comment
,slss- mon lT~. PiruinChar''T relation :" tn"
$50
R.vEFFs. ASSOCIATION ACTS.
~ lowe. Who got the loan. insists that
-.--hs-, gave Nfu 20 understand that rho
r.s,or Trust r1nrsrv itself was making rh-
,- Pres!der- Young saws that when the
.-..,,o- n masking the 'oan was hroaChed -
= hv birmingham he gave explicit instruo-
.,,s ~ the loan department. head - ief both
-,.s - The arsarrfon know that the Windsor
-s, ro--psr-- was NOT making the loau. Pres
,-, Young says that although birmingham
"a snarisi instructions he apparently fei'ei -
s-v them out
re Arericsr T=-lers' Association. through
g rrctectfve committee has instructed de- /
,..ive agency - investigate the Jcvce transac-
nv snd also has enlisted the services "f " =
gs.,r The Wall street detective, on the case.
n,rsl5 I Ps-s~h. who was arrested on Tues
Az rhs-re5 with the larceny of NJ Joyce's
s.vuties ~ ro as collateral sor 'he loan, IS
ri IN the Torhs Despite Persch's threats 20
rssr VI some BODY and - prove that he was
,-rstocl m p scheme - ze- hold of rhe Foinze
r.s rnless that somebody" got him ont of
sE yohn = WcIutyre, his lawyer. was unsuo- |
.ztd yesterday in getting the $4,000 ball |
rrcIntvre had q long talk With Assistant |
br7irt Attorney Mott. end tried - obtain |
-.a,.,r ~ rbe hail. but Mt Nott refused ~ |
u-snt
rts considered likely that Jacob Field, well |
ho-n s,oc,s operator and father ~ Leonard J. |
E.s who has had several interviews with AIr. |
ysu about his part in the joyce loan. VII he /
aHsa before the grand 5urz- on Mondav in an |
srsnrt n ind ont who put up the $4,000 /
rsi.h passed frore Young Field 70 sherwood. and !
nss through Birmingham 10 JoyCe.
While NJ N~Irr--rs Was endeavorinE ~ get /
"a for his you-z client. Philip Goodhart- Of |
Philips & ssr.1er-. lawyers ~ 40 - Nassau /
rsst was examining Leonard J. Field and |
4bs1 c Chandler assistant secretary - tie /
Carnegie Trust Compauy,'to see II he could Lay |
Il Of enough money - Persoh's n satisfy |
HiEnert obtained hy his client. Paul 4. Koch. |
Mssptember -
FERSCHS NOTE DISSATISFIED
On August 2 1a0S. Persch gave promfs=ory |
me 10 Koch Tor 500 in payment Of premium J
"a life insurance policy. The note was due on |
August u but koch couldn't realize on it and |
@sined a judgment lor S264 a. When the |
es'nesle Trust Company produced its books |
-~Elng that Perseh had deposited with # moro |
hsh $4,000, Phillips q, Samuols endeavored 10 /
- sstisfacviou on tire adCmenr They OBJ !
j
- and yesterday examined Field. hoping 20 I
out whether r. held amy money for Persch. /
.sa oenied, however. that he knew Persch, /
s@a that 70 his knowledge ho had no money |
hA poksess-on belonging % Persch. The sheet 4
ing Persons account with tho Carnegie /
-'si Company disclosed tho fart that there I
aalanoe % his credit. on APRIL y Of 50 SO. /
~ osy' before rhs lawyers for Koch had time 4
= .na .fa e.
70 $3.50
s not which Porsrb gave 20 Koch was /
payable ~ $50 s53 FIfh avenue. where 1
~ had ofioe roorI ~ the time Was signed |
->ocrough & PerscH" and the Judgment was
aeo against Donald J.. Persch and Edward |
"seorough- The uase Risborough also ap- |
- u me Eclipse OH transaction In which |
-. sna man reprcseuting himself Henry |
-NaO'folgh. y Philadelphia are said 10 have |
money 70 >. ~ Everett. ~ Boston. the deal |
- resembling iu several features the Joyce /
- Fnlilips & Samuels said yesterday that |
Hea no personal kuowledge ~ Risborough |
''sooTough PerSeh.' the more having been |
ea BY PerSch himself
-. should Perschs lswy,r be successful in |
-, oai for his client tomorrow IL is ox-
-. mat Persch viii Zoe rearrested imme-
Il. p On similar charge in connection with |
Us OF deal. in which the name Of \. H. /
- ~ Boston. has been mentioned. Sir /
trh Is said has been requested To come |
1. iofk and explain 10 the grand jury what |
- about this transaction. In dispatches |
b,r, htie las, night from him Adams denies. |
- 'hai b. has been asked 10 come here |
h.s ''''ao' that besidee the books of Jacob |
nus, = .7'hard J. Field 4 co and the Windsor |
%. ts.c'Apsny. Mr. Mott yin ask the officials |
kss. -inola Trust Company 10 produce their |
hM. snow whether there is an account there |
'e n Walter l. clark or his wife.