New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-03-04
Forecasts Made as to How
Many Persons May Be IN
dicted in Near Future.
CONCEALED BANK
LOANS REFERRED TO
REPRESENTATIVES of Mercantile
Concerns and Public Account
ants Give More Evidence.

The grand Jury spent the larger part VI
Yesterday hearing the evidence OF VIII
roeses in the investigation into the failure
Of the private banking house OF henry
.,oo., 6 Co As on Monday, the VII
,osses u,ere CONSERVATIVES Of the banking
houses and mercantile credit bureaus
REPRESENTATIVES OF the American Auu''
Company and Flint & West. certified pun
j.. ,ccoutnants. who have examined 'he
,oors for the receivers OF the wrecked
firm. also testified.
other witnesses will he examiner 10
dav but the investigation mas so 10"
,ropressod that those usually wen II"
co~n,od I'm the Criminal Courts buiidihs
,toc,aro that the only question that no"
,.o,,.ins to be answered is the numoer VI
,,orsors who may be named In ire III
s,o,,,,orte that are expected to be voted
next week.
=. row MANNED by the District Attor-
,.,s chico tho indictments will be based
non transactions with banks when maze
loans 10 the Slegel firms. and Whicn ma
lead 10 charges of misrepresehtins ''0
condition Of the firms by concealing loans
mad. nv the banking house. Under one
oc+,or of the Penal code this is mis-
deneanor and under another may pe W"
etrued as felony. II is expected tha'
IL &c under the latter provisions 'ha' 1t"
.,ic,roonts IL any. will he found.
rho bankers who have thus far test''eu
,,,,o told of making loans TO the Sleeei
firms after they had been furihsneu WV"
u.r,t,en statements Of the hnancial conui-
ito, of the firms These statements,
,,bicb have been presented TO the srai'u
t,r,. do mt IL is understood. agree WIN
,ho hooks Of the bank or Of the iaiieu
firms. ,,o
The credit bureau representatives haN'
,iso nrnsented documentary eFlde"O''
-r,is cone,sts of statements made py rep
,.osorta.ives Of the Siegel firms on WHO"
credit ratings were based. These' to0' az
declared TO have been misleading anu
- hoor given with view TO optaii'"9
o-.di,s that otherwise would not ia
-, stven The auditors have tesuI'eu
a. condition of the books as tneS
tam n l.
found them and to the absolute "i'p0s9'
,.,,.,, of making the books kept py 'he
har, square with the books OF the 'hreo
stores. ,.Lio that
II ls nossIble. though not prooaole' '"''
,,,a Grand Jury will also hear witnesses o''
,,o letter of the bank accepting deposits
ae,or q had become insolvent. Inc LIS
tic, Attorneys office hesitates ABOUT as
inc ,,dlctments on this phase OF the sl'ua
,,or az II Is felt that the action OF inc
.hanlers in setting aside money rece'Veu
d,,rirg the last week of the bank > eA'S.
arcA for the benefit Of those depos'."e -
"a be returned IN the event OF i""u''
might create sympathy that would MAKE
IL difficult 10 convict
The examination Of Henry siege. anu
ur,rls v. Vogel before United states
,,o,,r,issioner Alexander Chemist 10
echoduled TO begin I'm the Federai bui,u
inc, this afternoon. No steps TO nave inc
order set aside were taken yesterusS'
though an arrangement To DEFER cA'i"
,,,tIon may be made this mornlns' law
vers interested in the case not nav ."e
concluded negotiations calculated 10 s'op
s,,oh an inquiry for the present