The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-09
SIECEL DEPOSITORS
GET CHEERING NEWS
Counsel Informed 81. 100000
VIII Come From the
Chicago Store.
WHITMAN ON NEW ANGLE
Banks and Mercantile Firms
Tell of Omissions in Credit
Statements.


Fur,hci investigation into the business
methods of the Henry Siegel enterprises
ba. disci,sed otbor ,b;,v, ,,,bi,h ,,,,i IN
,e,.,,,, IT,, b.. ,,,.,,,,a, ,.... ,,.,t....
Wv" ~ ~ ''''"e' "'
u ~ alleged by banks ana mercantile
creditors of the Fourteenth Street Store,
Simpson Crawford Company and the
uos,., s,oro cha, a., ,ha ,,,ri,,., ,,,,,
$500 W, .
'"eh's s"o'''''teu W oa"hs anu f'eicna"'s
that credit rating might ne estapiisned
and accommodation of goods and loans
obtained officers of the stores failed TO
,ua.,,o,, ,,a ,,,.,,,.tu.,s a., ..ot w.
0" W, -,
ucuiar es'aphshiheh' u HcnrF "'esei
20. bankers.
The written statements now In posses
sion of the creditors are said TO proye this
....,,,,,,, .,,,, {, 4, f,,,.,hor a.sar,oa ,ha,
-, -. s,a,a,',a,,,s ,ha "raa,,s ,,aro
extended. 1t is m!sdemeanor under
,erson 10 mako a false statement in
writing Tor Tho nurnose of obtnininp
nronerfv or credit accommodation from
any hank mr. other business Penalty
upon conviction is up to a year in jail
and stoo ene
A. =, ,,co,iry vssterday of the demos
,,or. NJ Tho hank a letter from the de-
rositors. couns., was read setting forth
th.t thcy mad heen informed that 81. 900. =
mo- M nrsferrsd stock OF the Chica go store
would he sold To helm ont I'm the sitra-
ton here The LAWYERS We're of the
opinion that nothing should be done to
hamper Mr. Siegers credit in any way.
They urged that he be given sufficient
time In which to arrange for "A reorgan-
i,ntiop in order IN effect payment I'm full
Although Assistant District Attorney
Train was III Yesterday Mr. Whitman's
ipauiry INTO the charge that Henry Siegel
they knew they were insolvent continued
passbooks ~ those who made deposlts
-, tho hank I'm sl.yers Fourteenth Street
store after pecember "a we're taken TO the
,-riminaI Courts Ruildinr. Al the same
,i,,o REQUESTS yvare s,nt o,,, for creditors
nv ,bsir attorneys or representatives to
,.i.i, AZ ,rroi, .,d FOL, what they have
-,,h ,,, 80 ,ho ,,ny,a ~ accounts
,on,s d;s,nu,ts cnrrorate and nr;yatc
1000 DepOsitOrs Meet.
., - ,, ,t ooo ,.n.s,,or.
~ ,. ,,' a.. , -, h,,I
Oh III. jain NV. .r, ~ - - a.,
ins' 80 Wes' 'n'.,eei't $50 ''," '
'usseu thc'r uouoNs "''"'u' u"N"'
cltemeht A.. A.,
was reporteu Ee,Ve'ua! .a' Wv
'ohllnissio ~ l.e'ise ,'!e ia.'N's Ia"
appointed by State "upe 'illt ne, oi
Banking Van Iuyi last july VIII nave its
AIRY !. ne commission VIII susSest re-
vision ana amendment ior .ue w"o'e
oahhihs 'a"' a,,' s ~, - ~.
on the subject of private banks gem
efai!. ..,.,,. 49,,
S,a'e'leI.S "au5 ~, ,sA''n,n,h
n'hNs 10 op'a'i' .io''' ~ w. -,
street store S'ni,so, aw,oru I'm
poH! III" Wv -. ,-,,,i,,.s ,.s,ar
boF'oi, e"ie iol'n tioni ~ ,,, 80 y.
Gay "nch II "us ',,,, '" -. -,
tsplls"'''' ~ :" n,,sai
nonrE ~, ' o' ,,'nt e., ma,ori,y
o. 'hesc S,a'she'"s s.o"e ~ 80 80.
VI ~ ~ ,..'i'.,', -, Eor tn~
an Nr''"hS " '".s 'ouo r,,,,,,o,,
s.a,t"' 81 p,,. .,,,'a ha,r.oo,, e. 3"o :
WI" '"' ~" 20 0" no 80 -, va ~.
WV anu V',''v'y' ,h,s g., a. tho
n'auo az y, '.. ,,,. ~ -, ,ha h,,,n ,nd
s.a'ein,,,s " VS. az hee, reyardad a .
~ - "a a. ., hio,, ,harafore could
on" es'Hon'nI'ie , Nm'on .rhos, 49,
nor owe 'h''nsrN.S r,'o.ivs 80 -, 49,
30 npt ven 'ppea' VI, w. '''"' u '''''
III INC S.o'eH' ~ - ,sa,,o t. % Nr
ihia ph'sn "l ,nr ina,, , - ~ 80 W "a
whitman ne Jaw oIi .ne '.t 20
ni'' Az" 'hc'' are 'o'eia' 80 v
tef'lhs !" H. 'nc one n'h''o,eu No." 49,,
'n,'nelleal"r s"o.'ei' ~ - o"
MAKES tne "pl"'h',s vi Pr'p'' W
eI'nh 'aIteIE' M" ,,
y"nd adiituns 'hs' these us. ,,. .p'"e
had bcen dlscoNtfeu general creullors Gnu
their representatives would not discuss the
matter YESTERDAY
a..
The investigation into the deposits ac-
copied AT the bank after lawyers had been
bankruptcy continued, although Mr.. Train
was H. Jacob II. Latter vice-chairman
of the depositoIs' committee. visited the