New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-02-13
Demand Their Money or
Satisfaction, but They
Get Neither.
RESERVES CALLED;
LEADER is FINED
Incensed at Offer of 80 Cents on
Dollar, They Attack Bank
Headquarters.

Led by a man who said he was Charles
Gamesier. OF No. S58 Grand street, one
thousand dcpositors OF the bank Of Henry
Siegel & co. stormed the 18th Street
Store Yesterday afternoon, to demand
their money or satisfaction from Mr..
Siccel. They obtained neither. but until
reserves from the Mercer street station
arrived the store was in an uproar. and
women tainted and others became hys-
terlcal Arthur Meyers OF No. ijS East
10th street, was arrested. and in the night
court Magistrate Deuel. fined him 81.
The trouble followed a meeting at No.
20 West 18th street. where John =. Munich,
chairman OF one OF the protective commit
tees. read a letter from Coudert Brothers
its counsel. outlining an offer Of Henry
Siegel and Frank f.. Voge OF 20 cents on
the dollar. This would be made up Of
$780, Co contributed by friends ~ the part
ners. 100000 from the bond fled with the
State Controller, and $4,000 from the
81. 50o,on) claims which the bank had
against the 18th street Store. the Smp-
son Crawford Company, ard the Henry
Siesel Company. OF Boston
Coudert Brothers ended by expressing
hope that the matter might he adjusted
so that the first payment could be made
by February o.
Harry r. Kohn. Of counsel for Henry
Siegel & Co, had written Coudert BrosS
telling OF the formation OF the Depositors
Realza ton Corporation 10 handle the
$4,000 This money. he said would prob
ably be ready by February 90.
After reading the letters Mr.. Munich
opposed accepting the offer. Walter
Kelly talked on similar lines and then
Jonah j. Godstein Of the University Set
tlemen. No. is, Eldrldge street. told the
depositors they were being fooled
This offer" said he. simply means
that these men will give you 80 cents on
the dollar and then expect you to get out
and boost their stores IN order to help
Siege get money to pay YOU back. There
isn't store in New York but would he
glad To have such boosting. Why. il
means 10000 persons having personal
interest in seeing the store make good.
Goldstein's review of the situation was
interrupted by cries Of Jail them:
Thieves Go to the District Attorney
Whats Whitman doing Lynch them
Get Siegel here" and Rush the store
This latter cry was the cue FOR Game
sier TO mount table and harangue the
crowd.
Lets 20 To the store and show them
We mean business" he yelled. Those OF
ftan
Let's 20 get Siegel. They can't any more
than call the police They took our
money in the store. Go TO the store and
get il back
He started for the store. followed by
a woman known To some as Mrs. Andre.
with the crowd behind Some one mott
fed Police Headquarters but the crowd
reached the store before the police and
rushed toward the former bank Offices.
I'VE want our money" yelled Game
sier Jack" Weight store detective,
tried to quiet Gamesier and his followers,
but they would not he quoted. Women
wept and shrieked and tables were upset
hurry call was sent for the police.
Wright was making poor progress, when
policeman ordered him again to tele-
phone for reserves and induced Gamesier
to 80.
Mrs. Andre was taken in hand BY Miss
Lena Fortney store detective. who had
her auieted when the reserves arrived.
The presence Of the police had a soothing
effect OH the crowd. which moved slowly
into the street, 20 continue its denuncia-
ton OF the bank and its managers. 1t
was nearly o'clock before the last dis
appeared
Siegcl gave out statement carrier IN
the GAY He said he and his associates
would pay loo cents on the dollar, ana
that payments would begin soon.