New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-03-06
GRAND JURY DEFIED
BY SIECEL LAWYER
IGNORES Subpoena for the
Books and Papers OF
Wrecked Bank.
iCONTEMPT THREAT
BY PROSECUTOR
IPolice Wait in Vain for Raid on
Stores While Depositors
Wrangle in Loft.

Wrangle in Loft.
Books and papers belonging TO the
wrecked bank Of Henry Siegel & Co..
and persons responsible for ITS man
agement will not be presented to he
grand jury that is now seeking evil
dence on which to indict Siegel and
Others. if -Iouis s. Levy, of Stanchheld
e. Levy. counsel for Siegel and his as
sociates. has his way. Unless he yields
Assistant District Attorney Arthur c.
Train. who has charge Of the case. will
ask Judge Rosalsky to cite him for
contempt, the production of the books
having been called for by a subpoena
Regularly issued.
Production of the books is refused on
the ground, it is understood, that the
books are personal property. Their
spossession, according to the DISTRICT
Attorneys office, is not vital to the
cease against those responsible for the
wrecking of the bank.
The books would, however, throw
flight on some transactions not ex-
lplained TO the satisfaction of the Dis
itrict Attorney and corroborate evidence
now in the District Attorneys hands.
tTaklng of evidence from other sources
is expected to be resumed to-day.
Threatened Raids Fail.
Depositors in the wrecked bank held
ia riotous meeting yesterday afternoon
I'm the loft building No. 40 West 10Th
street. but the threatened raids on the
sFourteentb Street Store and the Simp-
xon-Crawford Company, which the po-
dice prepared for by placing a large
lforce in and about the loft and the
jstores, did not materialize. Captain
Scobel. of tho Mercer street station
personally directed his men to watch
certain persons. who, it was said Were
trying 10 incite the depositors 10
march on the stores, with instructions
10 arrest them the minute they start
anything"
The services of the police were
needed in the loft, however, once when
J. p. Munich, a large depositor and
head Of one Of the committees, was
thrown from the speakers stand with
his friend Irving Rooms; again when
Miss Jessie Martin. a magazine can
r1,o n q
reporter, who she said had laughed at
her, and yet again when Rooms and
Samuel Marcus, said to be depositor,
got into a wrangle. Miss Martin, who
previously had posed for newspaper
photographs, also took a hand in this
dispute by threatening TO make trouble
for the police. The meeting was finally
called at $50 o'clock on account Of
darkness.
Then the sole result, aside from the
disturbances, was number Of speeches
by Miss Martin, Jacob Latter, Morris
Marcus, Adolph Mueller, A. y. Bresler
and others against accepting any offer
of settlement until the exact status OF
Henry Siegers private affairs is known
and unless the notes offered as part of
the settlement be secured by good
bonds"
Reoraa Plan Brighter.
Tonight the same group of deposit
eors will meet In the public school build
sng at 42d street and Third avenue.
Admission will be by bankbooks, in
order, IT was explained, "to keep out
the spies OF Siegel."
The prospect for recognizing the
,stores is somewhat brighter, according
TO one OF the lawyers in the case. but
sro substantial progress has yet been
anade. Chicago fnanciers who have
money in the store there, and who are
expected TO provide funds 10 place the
local stores on their feet again, were
said after a conference of preferred
stockholders yesterday 10 be more in
iclined TO subscribe than earlier in the
week. The matter OF real estate leases
SIS also in better way for settlement.
Replies 10 the inquiries ordered by
Judge Holt at last Mondays meeting
.of depositors are almost unanimous in
Ifavoring a settlement, % per cent OF
those making reply TO COudert Broth
ers and TO Hays. Herschfeld e. Wolf
giving their assent. OF the other . per
cent all are in favor Of taking what
they can get now. 30 to 3212 per cent.
tbut ask for good security" for the
balance Of their claims.