The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-03-22
NOTHING HEARD YET
FROM FRANK VOGEL
Telegram Explaining Absence
at siegel Hearing Has
Not Arrived.
DEPOSlTORS STAND FIRM
To Issue Ultimatum TO.mOr.
row-Aged Family Loses
Only Means Of Support.
DEPOSITORs STAND FIRM

The telegram which Frank r. voeel 10
supposed to have sent TO ex-Judge Holt
on Friday explaining his absence from
United States Commissioner Oiichrists
hearing on the failure Of the bank Of
yesterday.
vogels whereabouts was still mys-
terry. but Commissioner Gilchrist is salts
fled that the indicted merchant will show
up o-morrow afternoon. when he is next
wanted.
Levy Mayer. hts lawyer, said In Chicago
on Friday night that Vogel was so III
that he sent wire to New York to az
cuse himself, but neither Commissioners
Gilchrist nor Special Master Holt has got
any word from him within week.
II is believed that the Commissioners
prompt action in declaring Vogel In con-
tempt Of court unless he produces swern
evidence OF his illness baked n plan to
keep him from testifying with his partner
Siegei, or at least TO put of the hearing
until some future date.
The depositors In the failed bank,
through their new counsel. Samuel Hon
man. have called an all day meeting to-
morrow at Labor Temple. HOFFMAN said
yesterday that he intends to put through y
resolution that will be- y practical ulti'
matum to all others concerned In the
Siegel and Nogel fatiures.
Just what the nature Of II will be
he would not disclose, but he said II would
be the depositors' final stand on the sat-
Element figures TO be offered by the mar
camille creditors and will he the basis for
| their acceptance or rejection Of the bids
and settlement to be arranged at the con-
ference of the creditors of the Siegei
stores in the Federal building on Wednes-
day.
| HOFFMAN has secured the signatures vi
upward OF 500 OF the depositors to IN
| agreement with him whereby he gets
per cent. of whatever he collects Oh
| their claims against the bank. lie de-
| ciared yesterday that the depositors viii
express their opposition to the PROPOSE
| that Supt Van Tuyl 81 the Bankins
| Department act as trustee and recover
whatever Is possible without cost to tn,
| depositors.
Two extremes among the dem"
were unearthed yesterday In the eases OF
Arthur Speier. 10 years old. of ass Cald
well avenue, The Bronx. and the famll,
Of August Albert. rs years old, Of 5,
Seventh street.
sp,ler opened an account In the Siege
bank on July 6. 1903. His last de
post was So on November ., 1918, making
a total In the bank OF SSH His wa
| an old style book with the endorsement
| sf the American Bankers Association, II
use before the association dropped Siege
and Vogei from its membership.
Albert, his wife. 72 years old, and un
married daughter. SO years old, had oei.
900 In the closed hank. They were thrs
Of the largest depositors and lived on tn
income, which amounted o. $3.50 = week
The whole fortune was wiped out by tn
failure, along with the family's onl
means OF support
Bosros, March 2i.-Referee olmstea
declared to-day II dividend of 10 per cen,
cash 10 the unsecured creditors of tn
Henry Slegel Company 81 Boston. whic
will take about 100000 OF the cash 4
the hands Of the bankrupt estate.