The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-20
VOGEL, ACCUSED
IN SIEGEL CRASH,
DIES SUDDENLY


morning I'm tho latter part OF January
Frank n. vogei told the story Of his
business life which for fourteen years
was bound mp with that OF Henry eiegel.
He was then SO years old, a native Of
Chicago. He was married when he was
about 20 and his wife was Miss Blanche
6iegel, tho sister of his partner. He had
not begun his career as q dry goods mer-
chant but as meat packer He had
been connected with several firms and a
sister had married Nelson Morris the
head of tho famous family OF that name
He began his career by the purchase OF
a block OF stock OF tho Chicago Arm of Sic
gel Cooper Co. some time around 1901.
The Arm was most prosperous and tho re-
turns we're large II led him to believe that
n greater fortune could be made in tho
new business than the old, 'and I was
worth above all claims at tina, time ST.
900 ,o00," no testified.
Henry alegel had come on from the
West several years before and his firm.
the Siegel Cooper Company, had been
most successful here. II was but natural
that the ex-packer should come on from
Chicago and Join IN the enterprise here.
Segel has sworn that in that year he
was worth s4,OOO.0O0.
Started More Enterprises.
That year the new partners bought tho
Simpson-Crawford store. Two years later
they started the Fourteenth Street Store.
and In tho following year Boston WINS
invaded. The wholesale nrm OF Henry
Siegel & Co. was organized; tho private
bank Of Henry siegel Co, with It's
10000 deposi;ors and s2.5o0.0o0 OF de-
posts, oame along A system OF financing
was inaugurated which took the bes,
expert accountants months even to dis
cover that II could never wholly be
cleared up. Then. almost on New Years.
eve. the crash came. tho world knew OF Il
on January 2. and thereafter began the
tedious Investigations, tho bankruptcy pro
ceedings, the Federal inquiries and tho
State Inquiries, out OF which on March IL
cHme the first OF eories OF indictments
against both men, charging grand larceny
many ways.
" that slime It was developed that OF
Nogu!s N,4oo.ooo OF thirteen years be-
fore only sS.S4s remained His remaining
possess MS were something like this
al &C cent DOlub OF tne City ATM
leto Club OF New York, with a par
value OF 500 each ave shares OF the
Empire city Safe Deposit Company's
stock. WIKI a par value OF $500 each $500
shares OF Nevada Smelling and Mines
CORPORATION, with par vnlue OF IS
each, which the owner declared were
worth lass than nothing. and some Silver
Cave Mining Company shares.
In addition 10 that were several hun
dred thousand dollers worth OF good
securities every dollar Of which was
pledged as collateral and gone forever.
His personal liabilities then were s295.s35.
Mrs Vogel. however. was not penni-
loss. II appeared from subsequent in
quiries, but tho full extent OF her for
tune was not revealed. She owned prop
erty At Deal Beach and other places
Nogel testified that he received In sal
aries about $4,000 year and lived at
the rate OF $500 a year. his wife sup
plying the balance.
II was intended originally to pu,
S'eEel and Vogel on trial IN New York
county. but In May their lawyers obtained
change OF venue II was decided by
Justice Blanchard OF the Supreme Court
that a failure which affected 5000 gem
eral creditors in the city, above 1000
employees and 5000 depositors who had
held mass meetings IN various places,
might have created sentiment which
would make n fair trial doubtful The
court finally selected Livingston county.
The Supreme Court meets az Geneseo,
They were 10 have come 10 trial early
this month. but as District Attorney
Whitman Is 70 try the case IN person
his political campaign compelled a post
ponement until after the election.