The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-03-21
YOGBL Is LIABLE TO
+. CONTEMPT CHARGE
Absents Himself From Federal
Hcaring-Ordered to APP
pear Monday.
SIEGEL BALKY ON STAND
Admits $4,000 Life Insurance,
but Refuses to Answer
Many Questions.

Frank Y. vogel. indicted with Henry
eiegei following the failure Of the Siegel
concerns. has until Monday to purge him.
self of contempt of court In falling to
appear before United States Commissioners
Cilchrist yesterday afternoon TO be er-
amined with Siegei In the involuntary
bankruptcy proceedings recently started
by depostors In the closed bank.
Slegei added to his previous testimony
after an unsuccessful attempt by his at
torneys to have the hearing put off again.
eieSel testified TO his real estate hold
ings the banking agreement with vogel
and other relations with the bank and
the stores. He said his life was insured
for $4,000 but that he had borrowed
$4,000 five years ago on $4,000 fifteen
year policy, the last premium Of which 10
due on April 5. This loan was never re-
paid. He declined to say for what ''pri.
vate affair" he borrowed the money. but
admitted that at the time he asked for It
he had IN income OF at least $4,000 q
year.
Regarding his real estate siegel said
he had paid $4,000 for the nine and .
half acres at Mamaroneck and had spent
about $4,000 on improvements. The fur
niture was Included in the transfer price
The property At Eighty-second street and
Madison avenue cost $4,000. he said.
but the Seventh avenue loft was taken In
exchange for Il I'D $4,000 in cash. This
LOFT went TO Leo A. Price last August
6isgei testified. a. security for the Roth
snberg lease. The papers. which he still
has, he said we're drawn by an attorney.
Mr. Paskus The annual rent. the witness
stated, for The Rothenberg property was
9l36, 900. but ne did not know whether or
not II was paid to date. He said he had
no property at Lakewood or In Europe.
Siesel did not know whether or not he
had sent any money to Europe. He de-
ciined TO say what he had done with the
$3.50. 900 loan from the bank OF Henry
Siegel 4 Co.. when he borrowed It. or
whether he gave any other security Tor II
than what he mentioned last week.
The agreement with Vogel regarding the
bank WAS q copartnership. he said. formed
April 30. 1904. He and Vogel deposited
equal amounts. Siegel refused to say
whether or not he had lent any money
from the bank to his wife or to relatives
or whether or not he had any now.
He would not say how much interest he
had In the Chicago store except that II
WAS .Jrporation stock. Nor would he say
what he did with II. He gave some to the
receiver, he admitted. He also admitted
that he owned 2.5o0 shares in the Siegel
Stores Corporation. and that was all.
His insurance memoranda showed two
S25. 900 policies In the Equitable and one
in the Prudential and another for $4,000
In the Mutual Life. the beneficiary or
which was his daughter, Julia Siegel
Cavendish One OF the Prudential policies
was for fifteen years AMI Is due on April
is. He admitted that he had paid all the
premiums on the policies to date.
A depositors' committee including A. ".
Bresel, jacob Latter. Jessie A. Martin
and william Ekstein. was present. Will
lam H. Bonynge represented the depositors
who iied the petition. The hearing will
be continued on Thursday at 10 o'clock.
Samuel Hoffman, lawyer, VINO SAID
he had power OF attorney from 500 de-
positors on a / per cent. commission basis.
said yesterday that he would block any
attempt on the part OF the Banking De-
partmsnt TO l!quidate the bank such an
offer was made on Thursday by Banking
Superintendent Van Tuyl.
The receivers for the stores were highly
pleased with the outlook for the bidders
for the stock. Several were on hand yes
terday In the Simpson Crawford store
Mr. Claim Of John r. Claim & Co. was
there. Greenhut-Siegel Cooper Company
asked permission for fifty buyers to in.
spect the stock. fifteen OF whom were at
the store. Bloomingdale's asked for forty
five permits. O'Neill-Adams had fifteen
buyers there: the Boston store OF Chi
eago had representatives at the store.
others represented were William Fllene's
Sons Company OF Boston. L. Bamoerger
q Co. of Newark and n. Snellenburg 4
Sons OF Philadelphia
CHICAGO, March 2o.-Levy Mayer.
Frank E. vogel's lawyer. said tonight
that vogei had been III here since Monday.
when he came from New York. He tele-
xraphed to United States District Judge
Ia On he
at to-day's hearing In New York. but
apparently. he added. the telegram was
delayed. He expects Fogel to be well
enough 10 leave Chicago In time to avoid
contempt proceedings In New York. Mr..
Mayer would not say where Vogel Is stay
fpo harA