New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-04-01
Suspects Outside investments,


The pretence by Mr.. Siegel that
he lost a lot of money in the mines
has no relevancy in the present
proceedings, as such loss, il IL Oc-
Cured, was at least more than ten
wears ago. believe that il viii
ultimately he found that Mr.. Siegel
has very large stock Investments IN
CORPORATIONS other than the mer-
camille companies directly con-
troHed by HIM, and while he has
had a large income from these and
other investments, he has through
out been decidedly parsimonious
with me, as all Of my friends well
know.
Mr.. Siegel attempts 20 account for
some Of his so-Cailed losses by
the statement that he made settle
ments upon my daughter and his
daughter on their marriages. This
is absolutely untrue. lie settled
on neither girl one penny, but he
gave some fine promises.
Not only did Mr.. Siegel fail TO
make such settlement on our mar
ried daughters, but, on the con-
trary. induced my SOn-ln-law's
family TO invest in his bankrupt
enterprises every loose penny they
had: and. secondly, induced them,
as they owned extensive olive or
chardS, TO sign a seVenYear CON
tract TO ship all the oil they could
produce. They went into business
on the strength OF this contract,
borrowed money from the Sectional
Bank. undertook tremendous finan-
cial responsibilities, and il was sub
sequently necessary-f them To sue
him before he would pay them a
cent three years after the first ship
ment.
They did not dare stop shipping the
OH to HIM. fearing that he would sue
them for breaking the contract and
ina the meantime. after Henry SieSel
had worked up big reputation on
their good oil, he began 10 doctor II up
with an sorts Oi cheap. nasty substi-
tutes and iu 50 doing ruined the repu-
tatiOn OF their firm.
Henry Siegel has done 50 many i'm
moral things within the last few years
that / could not enumerate them. and
has acted in entire disregard OF his
moral responsibility, not only to me az
his wife. but 10 the thousands OF per
sons with whom he has come IN con
tact lie insured his employees and
then referred TO 10 joltingly as a good
dns anu dFIoA filAAa III an VI l'l0 BN7'
ness dealings was not actuated by any
sense Of honor.
Personally / deeply depOre the stu
alton Of the thousands Of poor deposi-
tory who have trusted their money 10
the alleged bank which. as | UNI
derstand, was not even Inspected by
the state examiners - II Mere in my
power ! would gladly restore TO these
poor people their losses. but appar-
emily 7 am left by this dishonorabIe
man In the same situation financially
as the other people whom he has vic
timized
Though slesel said he knew "NIx" ar
declined TO admit he knew ANYTHING
his wlfe's charges or discuss them.
was learned last night that he went ov
the statement with three friends IT.
charge that she knew OF his slse OF Il
money Of his bank and had told him
was on his way to Jail he said was "a
solutely untrue. but as true as 9th
statements credited 20 her" 9th
charges were dismissed in like name
with the exception OF. that which ma,
him the posscssor Of large holdings
corporations other than the mcrcantl
enterprises he controlled.
'I'd like TO have her locate that stu
for me" he laughed. "and we'd sp'
Siegers defence 10 The suit win be
general denial lie feels very bitter
over It's being brought at this time. ba
according to friend Of Mrs Slegel h
testimony At the bankruptcy March
was the last straw There he declar.
that the fact he was no longer paying al
mony under the separation agTeemel
vas the one bright spot on hIs trouble
horizon.
When Mrs Sicgcl came here. six weel
ago. II Was her purpose She stated.
have o judicial Endorsement Of their sep
ration. She believed that Scg~l won
have len sufficient money 10 pay her par
II not AL ~ the t25.OD0 yearly that ha
been agreed upon. bat Si"gel declared !