The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1914-03-13
MAY GET DIME
FOR EACH DOLLAR
Depositors in Seigel's Private
Bank Must Not Expect
Very Large
Returns.
MANY WILL LOSE ALL
store to be Closed, Throwing Hum
dreds Of Girls Out Of
Work and Pen
niless.
MANY WILL LOSE ALL

UNITED Press Leased Wire Service.]
NEW YORK, March 13.-Realiza-
tion that they we're not only to lose
their savings, but their positions as
result of the failure Of the Henry
Siegel stores and private ank and the
sudden arrival of woman who
learned for the first time that she mad
lost $4,000, ali the money she had,
caused near-riot among clerks in the
Siegel Fourteenth street store here
today Sales girls became hysterical
and mingled with their cries were ex-
clamations OF lets wreck the store,
and heated denunciation Of Slegel and
Frank Vogel, his business associate.
One thousand of the employees who
will loso their jobs tomorrow night
through the closing OF the stores, were
depositors in The savings bank, run III
connection with the Siegel enter
prises, it Is declared today. Sometime
they may receive ten per cent of their
deposits but no more. investigation
among clerks is said to have shown
that some deposited their savings
with the Siegel pank that it might in
dicate their loyalty to the firm. 9th
Sers believed it might be the means of
holding their jobs in slack times when
the force was likely to he. cut. ss
Attorneys believe II is doubtful
whether action can be taken because
Iof the employees having made deposit
unless It should develop that coerci
The trouble in the store today fol-
lowed the appearance of Mrs. L. Matte
son, 113 West Eleventh street. She
said she had been in Europe and had
lust learned Of the bank failure. All
ldepositors have been sent to West
Thirteenth street office and when
Mrs. Matteson went there and found
ionly an empty loft she returned, fair
lily overcome with rage.
/ Il have been robbed" she declared.
"All the money had in the world haA
/ been stolen"
rhe young women clerks, laboring
under great nervous tension, eft their
/ counters and gathered about Mrs,
I Matteso., A her anger increased
some Of Tie clerks broke into tears,
4 uren the: became hysterical and 9th
ers from all parts of the store joined
j the thronf
4 Floor walkers we're unable to restore
i quiet and some one called the police
A half hour later, Mrs. Aiatteson
. was escorted from the store and thu
i. clerks returned ~ their counters.
With reLI esenratives Of his office II
, Boston and Chicago preparing to in
i vesti-ate the ramifcation of the bus!
, ness of Henry Siegel, District Attor
ney Whitman today made it plain tha
, depositors in the Siegel private ban
here could ElS expect to make term
, with the indicted merchant-banke
ithroue.. him. Assistant District Attol
)ney Train was Still working with ,
/ view Of obtaining additional indie
ments against Siegel and his partner
!, Frank E. VOCAL At least ten o
twelve new indictments will be aske
and Train declared the number POI
; sible is nearly limitless
Information reaching Whitman is
!. the effect that the Chicago store Il
!. which Siegel was Interested. has bee
a money maker. but statements of h
Boston store have been falsified, it
: declared. Many of the 1900 sale
girls who will be thrown out of en-
$ ployment when the Simpson-Crawfol
and Fourteenth street stores a.
closed here tomorrow, will be In de
perate straits, it is feared.