Norwich bulletin., 1914-03-12
Grand Larceny
 One of Charges
THREE INDICTMENTS AGAINST
 siEGEL AND FoGEL,
DEPOSITORS IN A RAGE
Accused Men Are Taken Down Fri.
 Vate Elevator to Avoid Meeting
 Them-Held in s25,ooo Bonds Each,

New York, March 11.--While Henry SleSel, the head of large department stores in New York, Chicago and Bos- ton, was testifying today in a bank the grand jury that has been investi- gat1ng the failure of the Siegel stores in New York and the savings bank co9ducted in connection with it re- turned with three joint indictments against him and his partner in the banking enterprise, Frank E. Vogel
 Angry Depositers Seek SieseI.
 Siegel and VogeI were notified of the indictments while they were still in the federal building. Both were taken 10 the criminal courts building, where they were arraigned on the charges, and later released on s25.O0 bail each.
 Three hundred angry depositors who bankruptcy hearing hunted around the lederal court building for Siegel in vain. While they were looking for him 10 ask him some questions. he and his 9anKlng partner were standing before Judge Rosalsky pleading mot guilty"
 Grand Larceny One of Charges.
 One of the indictments charges Sic that they made false Statements to the Bank of Commerce in order to borrow SZ5,OO0. The other indictments allege that they accepted deposits when they
  company to be inSolvent.
 Depositors Elected.
 Siegel testified at the bankruptcy proceedings that he had not invested any capital in the private bank that bore his name. At that point in his
 testimony Miss Jessie Marlin an- nounced that she had a right to rep resent the depositors at the hearing She was urged to remain quiet. When she refused to do so, she was led from the court room by United States Mar shal Henkel. Three hundred deposit
 ors, who were standing around the corridors, were also put out. They gathered in front Of Marshal Henkels office and shouted threats against Sie- gel.
 Has No Money to Meet Debts. Siegel testified that he and Vogel had filed a bond and purchased f1x- ! lures for the bank Then he admit 1 ted. they accepted deposits and made them act as a floating capital for the bank. He declared he had no money | to pay what he owed and he declined to answer a question as to whether an | entry was made on the books of the : stores when they borrowed money | from the bank, on the ground that it might incriminate him.
 Annual Income of $46,ooo. l Siegel said he had life insurance l policies made in favor of his daughter | to the amount of $50, GOO. He once ! owned some paintings which, he said, l his wife took four years ago. He had no jewelry. In regard to his partner | ship with Vogel in the private bank. ! he said he and his partner had an agreement to divide the profits at the | end of each year. He said his salary ! from the Simpson & Crawford store | in New York was S1, 900 a month; fro@ | the Fourteenth street store, also in | New York. s75o a month, and from tAs 1 store in Chicago S1.2o0 a month His ! a year necessary for his living eI- penses-his annual income from au i sources.
 Notified of Indictment. 1 It was a little after o'clock In the 1 afternoon when one of District Attor- ney Whitman's detectives who had 1 been sent to the federal building to 1 watch Siegel and his partner, told Sis-
 gels attorney that the indictments had | been returned. The lawyer leaned over
 to Siegel and whispered the informa-
 ton to him. Siegel turned pale and
 from then on he stammered out his | answeres to the questions put to him. ! Siegel and Vogel were taken to the 1 ground floor of the building in 8 pri- ! yate elevator in order that they might | dodge the mob of depositors waiting 1 for them. A representative of the law firm of Stanchfield $ Levy, the per entered a plea of not guilty for the | two men. They were then given one week in which to withdraw the pleas if they so desired, or to make such motions as might be deemed necessary. After having their bail accepted, they left the court with their counsel. Both ! declined to talk.