The Washington times., 1916-06-21
S0,0OO,OOO SUIT OF
GUGGENHE|M STARTS
Five Brothers Try vaInly to
Postpone Trial Of williams
Action.

MrNEoI.A. L. T., June 1i.--rn spite Of
O strong attempt by the defense 70 have
q postponement the t10.coo0oo suit OF
william Guggenheim against his five
brothers went to- trial here Yesterday
morning e;ore Supreme Court Justice
Callaghan and q jury.
The defendants are Isaac, Daniel,
Morris. Solomon. ard Simon Guggen-
helm and the suit IL based on allega-
lions that the five brothers induced
william to sign over to them his rights
In the Chuauickamana Proepect, COP,
per mine in Chile. which later. proved
ieses that the five knew the value Of
the mine, but that II was represented
to him that the mine was OF Tar less
value. ~,
termyer of counsel for the defendants
urged on the court that two or their
important witnesses are In South Amer
lea and cannot reach here petore Ihs
end Of the month. Their oeienee wo oh'
sence of these witnesses. they said.
Justice Caiiaghan refused to postpone
the case and the jury was quickly Sc
'e TSe defense's other lawyers are Dis
n. wysong. former district attoney,
and George Morton Levy. smith ano
Levy were opposing counsel In tne
case q Mrs Florence no rsSn Ssm BY
stephen G. baldwin. Henry Uternart.
and John ]. Graham. 1t was O'CLOCK
when an adjournment was taken eno
counsel for the defendants had not
then concluded his opening aadress'
Family's Rise Told.
STEPHEN c. Baldwin. In opening said
that the Ave brothers had virtually
"chioroformed" william when they
made deals relating to the properties
Of the Guggenheim arm. He told how
the family, at first manufacturers OF
embroideries. finally got into the
smelling business. William studied
mineralogy at the University Of Penn
sylvania, he said, and became an ex-
pert. The other brothers were hnan-
ciers. william was sent into Mexico
where he made the Guggenheim In
terests pay.
After nine years OF this service
William returned to New York. said
Mr.. Baldwin. There was no place for
him with the Guggenheim nrm. SO ne
entered the stock market He paid
did not participate in all the enter
prises, OF his brothers, but at the same
time as a member Of the arm he wa'
responsible for q share OF the losses
Whenever the brothers would want q
waiver. said Mr.. Baldwin. william
would sign II. Once when William
objected and said II was an outrage
one OF the brothers said:
That's all right II you do anythins
we'll make you SO poor that no man In
the Street will notice YOU"
Threaten to Break Him.
Mr.. Baldwin said he will also prove
that william was inexperienced In bust
ness matters, and that the brothers tool
advantage OF that fact.
Mr.. Baldwin repeated the allegation II
tho complaint that on January 4. 1912
William at the solicitation Of hi
brothers executed an agreement b!
which he waived participation In proht
that might accrue from ventures an,
operation Of certain mining properties
they had agreed to acquire. Thes'
properties. he now alleges. are wortl
$50, 900. 900: at the time the agreemen
was executed William, according to hi
| lawyer, was without knowledge that tn
| Eve brothers had made extensive sur
veys and explorations of these mines
and that they fraudulently and wrong
| fully concealed the great worth Of tn,
mines from him.
Counsel for the defendants said tina
William had been taken in on severa
| lost William was not asked to pay hi
share of the losses, said the attorney
but when the firm won he shared tn,
winnings. On one occasion William'i
share was 5000, 900.
The case will continue tomorrow.