New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-11-09
SEEK SULLIyAN'S
$1,OOO,O00 LOOT
CACHE TO-DAY
PrObers Will Quiz Miss
Burkhardt About Miss
ing Funds.
STOLEN SECURITIES
HIDDEN IN VAULT
No Trace of Mccormick
or Bankers Wife-De-
pOSitOrS After niIey.

poSitOTS AIler lIlcy.
The most important disclosure in
the investigation, which the Kings
County Grand Jury is conducting in re-
gard TO the actions OF David A. Sulli-
van, former president of the wrecked
Union Bank. since he entered Sing
Sing prison, is expected to-day. The
place OF concealment of the securities
and other assets of the plundered
financial institution, It is fully expect
ed, will be disclosed. Sullivan's hidden
fortune is said to be about 81 900. 900.
An official Of the State Banking De
partment, who was identified with the
work following the taking over of the
wreck of the Union Bank, was the au-
thority for the statement that Sulli-
vans peculations netted him sum in
excess OF the million dollar mark. De-
positors Of the Union Bank assert that
the exact sum which Sullivan salted
away is not known, but that the above
figures are not a whit too high.
safe deposit vault, in which the
securities are hidden is said TO be one
of the objective points in the investi-
cation which District Attorney Crop
sey is conducting. Once located. the
matter of determining whether Sull-
van actually transacted business detri-
mental to the interests of the bank de-
positors while on leave from prison,
allowed him by the deposed warden,
Thomas j. Mccormick, would be sim
plified. The Kings County authorities.
as we'll as those interested in the
wrecked bank from n monetary view.
arc interested in knowing the where
abouts of the safe deposit vault
On Trail of Hidden Funds.
The depositors, for whom Louis
Goldstein, the Assistant District Attor-
ney of Kings County, is attorney. it
has been learned by The Tribune. feel
that they are close on the trail of the
hidden vault wherein reposes the
equivalent of the money Sullivan con-
trived 70 conceal before his indict-
ment and commitment to Sing Sing for
larceny Of other funds.
At various times it has been as
serted that Sullivan concealed the
money in New York or England. The
theory that the safe deposit vault is
located abroad, however, is not gener-
ally accepted. The missing papers are
right here in New York, is the ac-
cepted belief. Those who are in a
position TO know say that it will be
only short time before Sullivan's
hidden fortune is returned to its
rghtful owners.
The developments toward that end.
expected to-day, will take place in the
grand jury room. The first witness
will be one of the most important Of
the entire investigation, if not the star
witness Of the proceeding, Miss Louise
ID. burkhardt, former private secre-
tary and business agent OF Sullivan.
From the eX-banker's girl secretary
District Attorney Cropsey may be able
TO wiring information that will lead to
the recovery OF the safe deposit box.
Once its whereabouts is known, a
court order will have to be obtained
before an inspection of the contents
may be made. That, however, should
rot be difficult, the authorities main
tain.
Girl an Elusive Witness.
Miss Burkhardt, who is thirty years
OF age and said TO be exceptionally
clever, has been much sought for
witness IN the present inquiry. When
the Kings County authorities began
the investigation of Sullivan's fur
ther alleged mispractices after The
Tribune's exclusive story OF the liber-
ties afforded TO the convict-b banker by
ex-Warden Mccormick, Miss Burkhardt
disappeared from her home at Yon-
kers. Since then, il has been learned,
she lived at Myers Hotel, in Hoboken,
and in other New Jersey towns She
was voluntary witness Friday, but
District Attorney Cropsey did not call
upon her for testimony.
A subpoena TO appear before the
grand jury this morning was served
upon Miss Burkhardt before she left
the grand jury room, where she was
taken, although not called to the
stand. The Kings County officials
learned where Mss Burkhardt was
yesterday, and they are confident she
will appear in Brooklyn. As she holds
a mower Of attorney for Sullivan and
his wife and transacts a great deal
of business for both, as well as being
thoroughly conversant with all OF the
mast business transactions of Sulli-
van. the recovery of the assets hidden
in the mysterious safe deposit box
depends largely upon her testimony.
Two other witnesses wanted by Dis
trict Attorney Cropsey were not found
Yesterday. in spite Of continued search
{or them. They are Mrs. Sullivan,
wife of the convicted banker, and
Tbomas J. Mccormick, in whose auto
mobile Sullivan made frequent trips
about Westchester County as well as
New York City.
II is believed that Mccormick could
toll OF the alleged meetings between
Sullivan and Miss Burkhsrdt, and give
ether evidence 70 prove that the for
mer Union Bank head conducted nego-
tiations that constitute larceny.
subpoena WAS once placed in McCor-
mick's hands, but he was excused from
coming to Brooklyn in order that he
might be examined by Stephen c.
BALDWIN, Governor Glynn's special
commissioner. whose investigation led
70 the ousting of the warden. When
process servers set out TO subpoena
Mccormick for second appearance he
vanished.
A conference Of the committee, ap-
pointed BY the depositors of the Union
Rank. 10 investigate John B. Riley,
State Superintendent of Prisons, with
Continued ON page 4. column