New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-01-08
SULLIVAN AS TEMP0R|zER
Bank President EvaSive About
Note, Reimer TeStifieS.
TOLD HIM NOT TO WORRY
Woman Paid 81, Bonus on
$4,000 Loan-Hamilton
Official a Witness.

The trial of David A. Sullivan, for
merry, president of the Mechanics and
Traders Bank. now defunct. ON an in
dictment charging him with stealing a
$1,000 note in October. 1907. was resumed
Yesterday before Justice Crane. OF the
supreme Court, Brooklyn. Testimony
was introduced to show that Sullivan
was shifty when approached about the
paper in question and his subordinates
had to he content with his say-so in
the transactions I'm which it figured
According TO the address District At
torney Cropsey made TO the Jury Monday
evening. Mr.. Sullivan took the note, made
out by the Ashford Company. loan con-
Germ which the bank maintained. and
used il as part of the collateral security
he needed in obtaining a personal loan
Of $1,000 from the Home Bank, when he
was pressed for money by the Hamilton
Bank. OF Manhattan. To which he owed
$4,000
The Ashford Company had given the
note for some reason that has not yet
been brought out 10 the Mechanics ana
Traders Bank. II was supposed to have
been collateral security. but this assump-
ton was proved unfounded. ACCOMPANY
ing ii was a note drawn by Mrs Cecilia
Maske for $4,000. The Ashford Company
indorsed this note and sent il 10 the
Mechanics and Traders Bank, where it
was discounted and the money paid the
company. Mrs. Maske's note was to
run from October 10. 1907, 20 April l..
I, T..
cages
Mrs Maske. Of No. li3 Halscy street.
testified Yesterday she obtained an unse-
cured loan of $4,000 from the Peoples
branch OF the Mechanics and Traders
Bank early in 1897. and that in october
she went to O. l.. Rcimer, of the Ashford
Company. for a loan OF $4,000. Half or
this loan was To be used in paying the
money she owed the Peoples branch
She gave the four mortgages as security
for her note. she explained. Mr. crop
scy showed she paid a bonus Of Sl.lpo
for the loan. She was able 10 give few
details. she said. as her son-in-law. otto
Singer. builder. attended TO her iinan-
cial business.
otto T.. Rcimcr who was president OF
the Ashford Company. said he received
a salary Of 5000 q year FOR short time
from the Mechanics and Traders Bank
10 run the loan concern. lie IS a trustee
of Plymouth Church and one of the IN
corporators Of the Bcccher Memorial. HIS
home Is at 80 20 Eighth avenue. lie also
declared that ne had paid IN 500 for stock
Whcn he first took up the presidency. put
that he afterwards got the money back
from the bank That was the only part
Of the company's capital of 5000 that
was ever paid. In It's existence. OF less
than a year II did business amounting TO
$1,000
The witness was unable 20 explain why
the Ashford Company had given note
Of 5000 as collateral security for the
Maske note when the latter had been
Endorsed by the company. lie drew the
note he explained. because Mr.. sullivan.
his employer. had instructed him TO do
so He did not know Mr. sullivan had
taken the compauy's note for hls own
purposes until the spring Of 1915. When
he asked about the transaction. MI sui
Ivan told him not 10 worry. Mr.. Rcimer
said he protested. but that Mr.. sullivan
answered him cvasiv'Iy. lie maintained
the Ashford Company never had much
cash on deposit. and that. when the note