New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1909-08-12
MORE PERSCH CHARGES
Continued from first page.

, made a mistake and that he received $l4.4oS.
about $4,000 more than he would have received
on the 10 per cent basis
Checks were produced by the Carnegie Trust
Company where Persch opened an account be-
fore the Joyce loan was effected An examina-
tim of Persch's account showed a deposit Of
S31 112 Al on August 3. the day after Joyce got
his money Against 1t checks were drawn as
follows: August 8, w. L. Clark. SASS 10; Au-
gust 8. Charles KATE. SASS T5; August 4. cash.
indorsed by ID. W. Sweeney. $50; August A. w.
l.. Clark. Endorsed by ID. W. Sweeney, SlO
August f. @. Nassauer. Endorsed by d. W.
Sweeney $500 %: August 6. w. L. Clark. S1O,-
600 90; August 6. Helen H Persch. S1OOO; Au-
gust T. self $4,000: August 4. cash. Endorsed
by Louis Meyer. $50; August Z. cash. indorsed
by w l.. Clark, $50; August 9. cash. no indorse-
ment $500.
SHERWOOD BEFORE JURY
Sherwood first said that he had given 10000
to Persch who told him that much money would
be needed to cover expenses. including the $1,000
TO the Windsor Trust Company and $500 10
Richard S Kaufman, the broker. He had diff
Guilty in explaining the apparent discrepancy
between this statement and the existence or
check which he had made out to Field for slO.-
600. Field said that he had received II from
Sherwood and naO OepOSlteu III Win bAo
National Bank for Sherwood's account. although
the day before he had said he turned the checK
over to Persch. Sherwood then admitted that
the $40 600 represented part of his own commits
sion.
The discrepancies in Sherwood's statements
caused Mr. Mott TO take him before the grand
Jury with Maurice NJ. Joyce. The jury was
considering other questions at the time now
ever and the hearing was put over until this
morning. when Sherwood's and Fields explana-
ton OF the $4,000 check transaction VIII De
heard.
Another amended explanation" yesterday was
that OF Sterling Birmingham. manager OF tne
bond department Of the Windsor Trust Com
pany who handled the Joyce loan for the COM
pany Up TO yesterday he had denied that ne
received anything for his part In the transac-
ton hut Yesterday he told Mr.. Mott that he had
received $3.50 Who gave IT to him he declined
to say Birmingham admitted that sherwood
had walked in and asked. Where Is that copper
stock that was 10 be taken up? birmingham
said II wasn't there. Persch was then called
I'D and he said II would be there in Few min
utes Kaufman was there at the time. and told
Birmingham the latter said. that he represented
Katz Clark was there also. and gave Birmins-
ham, he says. the same assurance.
The checks on the Carnegie Trust Company
show that Clark drew S10.64S T6 from Persch's
account In addition Mr.. Joyce says he paid
Clark $1,000 for his services. Clark insisting on
getting his payment in two checks. one for $500
and the other for 81 500. Katz who was given
as reference by Persch for "Risborough' In the
Eclipse oil deal also figures in the checks.
does Gustav Nassauer with whom Heinze had.
he says. n similar experience last May
Persch until about two months ago had Office
room with Nassauerl Then he went to CIark's
l., Nn
street Adams according 10 Stephen Brooks
Rosenthal In New York the day Joyce's
collateral was dumped upon the market.
PERsCH STILL IN ToMBs.
Persch despite the earnest appeal OF John F.
Mcintyre who appeared in his defence yester-
day. had to stay in the Tombs. Justice Leh-
man. OF the Supreme Court. took the question OF
issuing a writ of habeas corpus under advise
ment 1t was said that 1t would not be sur
prising II other arrests were made to-day after
the grand Jury holds its investigation.
II Is illegal for anybody who advances money
on collateral 10 disturb the collateral without
the consent OF the owner. except when the Sc
curity is so deprecated In value to impair
the security OF the loan. The lender has the
right to call for additional security TO protect
his loan II II is not forthcoming he may sell
the stocks and bonds constituting the security
in the market unless IL IS expressly Stfp-
ulated, however. collateral for loans must be
held intact by the lender. except in case OF i'm
pa!rment OF the security
Jordan j. Rollins. OF the Windsor Trust Com
pany said yesterday that Sherwood and Joyce
knew each other we'll before the loan was made.
When Mr. Joyce heard Of this he said; mir.
Rollins either by design OF ignorance. states
absolute untruth. IL he has any pro Il TO back
up his assertion let him come forward with IL.
never saw Sherwood until confronted with
him In the District Attorneys Office"
Mr.. Joyce also stated positively that he had
never met Sherwood until he came to him with
the proposition OF loan. supposedly from the
Windsor Trust Company.s month before that
he said man named Longenecker. who repre-
scented himself loan broker. made a propo-
sition to obtain loan. Mr.. Joyce said he had
since learned that Longenecker and Clark were
working together.
Boston. Aug Ill NJ. Everett. a young bust
ness man. OF No. 80 State street. said tonight
that he had instituted proceedings against Dom
aid l.. Persch. New York note broker. He in
tmated that Developments might be expected In
a day two.
y