New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-04-03

prove. and that with the present condi-
ton of public opinion neither man had
a chance of escape.
He further felt that Mrs. Edward
Morris. sister Of Vogel. who has been
active in raising the money to help out
the bank depositors. and other rela
tives and friends of both men were
being placed in false position.
Facts Reviewed by Mayer.
/ This opinion Mr.. Mayer voiced last
night when talking to a Tribune re-
porter. He did not come TO New York
TO make statements, he said. but, find
/ ing that the position of his clients was
rot understood he felt that he could
not do otherwise than to tell exactly
where they stood and what they wished
to do. He began by reviewing the rails
ing Of 100000 TO save the Chicago
store.
Personally said he. 81 would have
preferred that the 100000 should have
been paid directly to the depositors in the
bank, but II was decided it would be more
important TO them TO save the Chicago
store. which for years had made a profit
of from 100000 to 100000 and is a great
property. That disposed Of, the family
and friends Of Frank e. Vogel and Henry
Siegel set about seeing what else they
could do for the people who put their
money in the bank
THE families OF these men are now
ready TO put up an additional s5O000 for
the benefit of the unfortunate depositors.
Everybody who knows anything about
the failure knows that Siegel and Vogel
are church-mouse poor.
"All the Investigations and examinations
to which they have been subjected have
demonstrated that they have not alb
stracted, secreted. stolen or concealed
single penny They poured their own
fortunes as they did the moneys of their
creditors into this most unfortunate COM
mercial and financial catastrophe.
Speaking particularly for the relatives
Of Vogel who live in Chicago, they are de-
termned to do all in their power to help
the depositors get back the money which
these poor. hungry and unfortunate men,
women and children need so sorely."
How can this money be conveyed to
the depositors?' was asked.
1--WE are extremely anxious that the
money may be distributed among the de-
positors without delay, court costs and
lawyers expenses We are urging that il
it be possible Vogel and Siegel be given
chance to earn and pay up in full the bal
ance remaining unpaid after the families
contributions have been applied.
I'VE certainly have nothing but words
of praise for the official conduct of your
District Attorney. tie is doing only his
duty as prescribed by law. / am discuss
ing what socially and economically is for
the best interests of the unfed and unclad
10, 900 depositors.'
However generously disposed Siegers
friends may feel toward the depositors in
the bank. they have no such kind feel
ings for Mrs Siegel. SO far as they are
accrued nothing will be forthcoming to
settle any claims she may have or any
alimony that may be awarded her. They
contend that she is better situated finan-
cially than Siegel and point out that for
a woman destitute of means. as her state
ment of Tuesday would indicate, apart
ments at the st. Regis are not exactly a
necessity.
Other developments OF yesterday In
Guided the practical settlement of the
claim of the bank against the United
States Fidelity and Guaranty Company on
the 100000 bond filed by the company to
protect the depositors. The amount of the
bond has been paid into court by the com
pany leaving the court TO decide whom 1t
shall be paid 10 and protecting the com
pany from any further claims. Next
week it is probable that the money viii
be turned over to Receiver Melville, the
Attorney Generals Office having been con-
WINGED that II can be distributed by Mr..
Melville without waste.
If. however, II should be decided to put
the depositors of the bank through a
trustee in bankruptcy it is probable that
the state will insist on paying the money
itself, thus saving the trustees commits
sion Of $4,000 and other expenses.