The evening world. [volume] (New York, N.Y.) 1887-1931, 1914-01-08

Henry siegel said to-day that al
though he had received numerous re-
quests to make a formal statement the
progress Of the reorganization plan was
such thak the time for such . statement
had not yet come. .
I'VE ere making what haste we cam"
he said. "and everything will come out
all right u we are not hAmpered. With.
In a few days We expect that the loan
TO the Chicago house Of Siegel. Cooper
4 Co. will have been made. That store
10 capable Of earning q net profit Of
half Q million dollars . year. and could
take care Of all the debit.
As for the business Of the bank. let
| %. -ay that ] have received any number
reS jsttsrs faom Aspositors expressing
faith IN my :integ1ty and In the, happy
outcome OF the trouble thsfs. .s-y .
80 fer ~ the acceptance OF deposits
~ che hank after Il became known that
the rscslvsrship wac inevitable. I'd like
to say that such deposits were never
placed to the account Of the institution.
They we're held and are In the hands OF
the receiver, Mr.. Melville. hope they
VIII 30 returned 70 the persons who
made them"
DENIES ne MAS ooUoHr TO
CONCEAL Ao0gT0.
Mr.. siegel was told many dspohtors
had expressed the view that no had
probably placed his personal property
beyond reach. In some other persons
name. for instance. To this Mr. Siegel
said:
"rhat N nonsense. Every penny
own in the world can Dc accounted for
without the isa,t dimcuity. and thsre Is
not a penny OF Il In Any name save my
own. OF course. have borrowed mon
ey on II, which I an entitled to do. but
IL has never passed from my own name.
"lf there BE- any idea that I am hid
ng away I want to say that am at
INV oslsos every day and working hard
In the interests OF the creditors Of the
stores and the dspositors Of the bank.
All the debts can b paid II We arc not
hampsrsd." ..
The creditors committee increased
IT. membership from ave to seven BY
the election Of Samuel n. Lummis
secretary Of the Eastern Millinery A.
soeiation, and Frederick w. Wakensld
credit manager for Cheney Bros. Sill
msrchants. II 10 expected that an &C
eurats inventory Of the Boston affair
Of tho concern will BE- received to-day
and that BY Friday an accountants
adjustment Of the intsrlocking 60
counts OF the different concerns viii b
IN hand. which will givs the committed
q much clearer Idea Of the situation
han could bs obtained yesterday.
WOMAN DgcoMGs hvoTERlcAL
At MEETING.
In response TO q call sent out b,
Chairman Munsch. OF the Depositors
Committee Of 1900. about $50 depositor,
In tho Henry Siegel Bank met THU
afternoon at No. q West Thirteenth
street to perfect plans to protect thei
interests. Capt. Scobed Of the Merce
street station was on hand with Nv,
detectives and three uniformed police
men.
Mr.. Munsch announced that the Law
firm Of Coudert Bros. had agreed to TAX
the case of the dsposftors on a bGs'
I, OF 1 per cent Of the amount recovers
should depositors representing ut leas
$500, 1000 sign power of attorney. TIL
1900 depositors represented by Nj
Munsch held, he said. e270,o00 in de
posits.
Considerable confusion attended tn
y meeting. many depositors stating tina
y they wanted to place their interests /
. the hands OF their own lawyers. Fin
o ally II was agreed that such as wer
|, disposed to accept the services q
, Coudert Bros. should sign a power q
. attorney.
. 4 woman at tho meeting suffered a
attack Of hysteria and broke up I'll
proceedings Capt. Scobel struck a ma
who crowded too close to the woma,
and there was great disorder until III
o poiicc straishtened things out.