The sun., 1915-06-11
COURT TO HEAR NEW
SIEGEL CHARGES
Dcpositors Expected to Voice
Complaints Against
Committee.
GRAND JURY INQUIRY

Details Of the alleged activities Of GER
tain members of one of the depos tors
committees OF the wrecked private bank
OF Henry Siegel & Co, which owed de-
positors S2.22j.000 when 1t failed. will
probably be submitted to Supreme Court
Justice Clark, before whom Henry Siegel
was tried and convicted of misde-
Ineanor In connection with the failure
of the bank. At the time OF tho couvic-
tlon Siegel was fined $1,000 and sem
tcnced to ten months imprisonmo Mt.
stay Of the prison sentence was granted
and Siegel was told to appear IN court
in Geneseo. y Y, next Monda-. lie
was told that II he made subs antial
restitution ~ the depositors II would
be taken into account by the Judge
Since that time the $1,000 depositors
have heard much about the financial
standing OF Siegel. who said that he
wanted to go into business and pay OF
all of the depostors. Recently n story
reached District Attorney Perkins about
some members Of one the depositors'
committees which said that "A $3.50,
600 payment would be Substantial res-
ti,ution' and will 30 recommend to the
court, thereby saving Siegel from serv-
Ing the ten months in prison.
Mr.. Perkins started Grand Jury
inquiry and called members OF the COM
yesterday. They were Adolph Schwartz
chairman OF the committee. Adolph
Moiler. vice chairman. and william
Henkel, Jr.. trustee In bankruptcy for
the Siegel bank. Others who were ex-
amined on Wednesday were Henry Hap-
mailer. John King. Mrs. Emmeline Baker
and Edward A. Doyle.
Statements were made that sone of
fhe members of one OF the deposltors
committees IN favor OF accepting a pay
ment of s150000 had been in the em-
ploy OF certain persons whose Interest,
would be advanced by such action.
No more witnesses will be called be-
1ore the Grand Jury at present, II was
said yesterday, as the purpose of the
inquiry seems to have been fulfilled
Mr. King, speaking for the committee.
said that 90 per cent. OF the deposi,ors
were satisfied with the proposition to
accept $4,000. He said II was true
that some of the creditors were opposed
10 the plan 10 pay S!egel 10000 a wear
salary while he tried 10 rehabilitate
himself. ON this point he said: AS
for Siegefs allowance II $4,000 n wear
for living expenses. can safely saw II
is all tommyrot. He will not take more
than $4,000 year In salarr"
y letter written TO the coTmittee nv
Siegers counsel, Stanchfield & Levy, saws
IN part: I'VE note that this matter OF
salary has caused some c mment For
this reason We desire to state on behalf
OF Mr.. Siegel that the clause with ref
erence to $4,000 a year salary may be
omitted and Mr. Slegel is willing that
the question Of his future salary shall
he asreed upon by your committee and
himself as the occasion shall arise"
The letter concludes with the state
unent that Siegel is willing To work for
the interests Of the depostofs.
1t was said on good authority that IL
Siegel should escape going TO prison he
would find friends ready TO start him in
business Who these hackers are could
not be learned, but on the subject Siegel
said:
"All depends on what happens at
Geneseo on Monday. II get a fair
chance | Will make good and pay OF
all my creditors In full"
Depositors In the Siegel bank will
hold meeting tomorrow evening at s
O'Clock at $40 LcnoX avenue. the Park
& Tilford Building.