New-York tribune., 1913-11-18

special account more than enough 10 pay
off the loan of 100000. This money was
partly drawn out to pay for other theatre
and onera tickets. and this was done II
was stated. with the consent OF the trust
company.
Subscribers Take Action.
4 committee. with Mr.. Pavey as chair
man and including Otto VI. Sternfeld,
lau.vcr of No. 81 Nassau street: Dudley
+. Phelps. No. % Broadway; \. +. DlcN'
No. 2H West 10th street; Edward zen
neche. No. g Great Jones street: MIS-
Henry NJ Bloch. No. l26 West 'oth street.
and Nlrs. Sarah Hesslein BronHViie' "
Y. WAS appointed at an Indignation meet
ing AT the Belmont Hotel in the morning
10 present their grievances 10 the p'9-
tri,t Attorney The committee placed
the matter in the hands OF Mr.. "hi'''a','
II there Is sufficient cause TO start sue"
I'm action. Mr.. Pavey said summons may
be asked for Beverly chew, Nlce-Pres'-
dent. Bertram Cruger treasurer "eorse
y Hartmann secretary. and Rupert W.
X Anderson. assistant treasurer. OF the
Metropolitan trust Company; Richard D.
Hartman. John 4. Sullivan ana Eusehe
Lucas Of Tyson e. Co. and John Bro"n'
controller. and Earl Lewis, assistant
treasurer OF the Metropolitan Opera
Company.
"Details OF the negotiations between the
opora company. the ticket agency ana
the trust company learned by MI LOCK-
hart yesterday show that when tne
agency subscribed for $4,000 worth OF
r.,,a,s ga oa) of this amount was pad
when the opera company would not re-
lease the tickets until IT was paid III '"''
the loan was arranged wit" the uuS'
company.
sneciol account with the trust com
many with an initial deposit or ABOUT
s9o coo was opened by Tyson 4 60 sep
temher - The next day this account was
.roditad with 100000. the loan secured py
,he nledge of the tickets at collateral. The
so,,o dav another deposit in the special
occorrt of 81 800 was made. and from tha'
time until October additional deposl''
r.ore made. until the total deposl's III 'lo
snocial account were more than S-2o'Vo'
rtt. ,rc,uded the 100000 credit from the
,oa, and when the last amount was pa'u
90 the onera company there was sun
more than enough TO retire the lo"" WIZ"
ou, ieopardizing the tickets
Two questions the District A''o'"eS
orce regards as highly important o,'e
% whether Tyson & Co. acted as SUI
.or,hars' agents. The other is whether
,r., e. 90 ever actually bought the
,icko,s or simply was between the opera
asr,,,ary and the trust company IN the
transaction. ~ o
Tho trust company insists that Tyson q
10 rever actually had physical possession
Of the tickets. although lawyers assei
that the agency must have had ute u
tbam In order TO pledge them WIN tue
oor,nonv And II the agency ever mad
,t,te subscribers who had paid heid
lien upon them.
omclals OF the opera company main
taiued Yesterday their attitude OF haring
ro,bine To do with the controversy.
while we have done everything we
,ouId IN bring about "A settlement OF the
dimculty." was said in effect we are nor
concerned IN the trouble We nave ho
l,novIedge of Tyson q co. supscrloeIs'
- hoya not even "A moral obligation 70
-, ,hem I'm their relations with the
aoaucy. The opera company certaiHiS
had no knowledge that the tickets hau
becn hypothecated.
The announcement that the restrictions
r,acod ON the tickets for the week had
basn lifted came after more than one
hundred subscribers, meeting hrst al the
Belmont. had descended upon the Uus'
cor,nany's office In the Manhattan Hotel
and again demanded their seats.
II was stated that TYSON & Co. had ar
ranged with the trust company TO pay
about s.. 500 10 release the seats Tor th'
first week. For the benefit OF those VINO
did not learn of the settlement in time
a Temporary office was opened last nlgh'
in the lobby OF the opera house, where
late arrivals received their tickets.
!. J. NJ. r. Lyeth. OF Carter, Ledyard q
Milburn, the trust company's counsel
stated that refund would be made to
those who had already paid twice for
their tickets.
William L. Marshall. counsel for Tyson
a. Co, added that ii was hoped to ar
range settlement which would result ir
the release of the tickets for the whole
season. Meanwhile two tickets had beer
secured by the sheriff. acting on writ
of replevin. Instituted by l.. l.. Leventritt
a lawyer OF No. IS Broadway Others fol-
lowed this example, but under the law
the sheriff Is required to hold for three
DAYS property seized In this manner. This