New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-06-06
McAdoO Ends Inquiry Into
Complaint of the
SeymOurs.
TWO TELL HOW THEY
TRAPPED SULTZER
Detectives Counsel Protests
Holding Client Who Dis
covered Fraud.

Chief Magistrate McAdoo broadly
limited yesterday that William j. Burns,
the detective, would be held for the
grand jury as a result Of his entering
the Offices OF Seymour & Seymour. in
the Equitable Building. at the request
of j. p. Morgan & Co., at the end of
the John Doe investigation into the
complaint reluctantly lodged against
Burns by the Seymours.
He added that he was in doubt
whether Burns might not be held under
Sections 72l and 105, violations of
which constitute msdemeanors, or
under Section iO4. which makes break
ing and entering a felony.
The magistrate gave District Attor-
ney Swami and counsel for Burns until
Friday morning TO prepare arguments.
Inquiry Ends Suddenly.
The investigation ended suddenly
after the District Attorney had held
long whispered consultation with Nor
ton r. Sultzer, the associate Of the
Seymours. who had tried TO negotiate
a sale Of 5000 tons of bleachcd cotton
linters for the Anglo Cotton
Products Company with j. p. Morgan <
Co. Sherburne Prescott. treasurer Of
the Anglo-American Company, and II.
b. Prindle, head Of the Morgan NUM-
tons department, had just testified that
they had caught Sultzer in a trap.
81 have just consulted with Mr.. Suit
GER" said the District Attorney, land
he tells me that he is willing to testify
that what Mr.. Prescott and Mr. Prindle
have said here is correct and that he
was trying to make brokerage
"The statement of the District At
torney is interesting" declared Burns's
counsel, James VI. Beck, jumping to his
feet. at plainly develops a double
fraud. We have here an informal hear
ing, in which Mr.. Burns, who detected
this fraud, is held responsible on
criminal charge, and under the circum-
stances we think the inquiry ought tc
end right here"
1.-TWO wrongs do not make a right"
said Mr.. Swami. At this point Magis-
trate McAdoo announced that he had
just taken the deposition Of Bartlett
Smith, the young electrician who helped
Burns install the detectaphone in the
Seymour Offices. Smith swore Burns
bolt to &c: into the Seymour
Offices, and also broke into a desk, re-
moved papers to the adjoining suite,
and there gave them to his stenog-
rapher, James Lynch, to copy. Smith is
now employed by the Val OFarrell De
tective Agency.
Tells of Three Visits.
GAS far as the law is concerned it is
assumed that the testimony of young
Smith is worthy of belief" said the
mag strate.
According to Mr.. Prescott. Sultzer
had made three visits to the Anglo
American Cotton Products Company to
urge them to reduce their price on cot
ton linters from Ia cents to 1872 so he
could land the sale to the Morgan firm.
Prescott inquired at the Morgan Offices
and was told Sultzer had no authority
10 act as broker for them, whereupon
Prescott asked Mr.. Prindle to come
over to his office to have a look at
Sultzer Prescott introduced Prindle
as "Mr. Howard" director of the
Anglo-American Company. In this dis
guise Prindle told Sultzer he didn't see
how he (Sultzer) could negotiate pur-
chases over the head of Mr. Prindle in
the Morgan firm.
"He said Prindle was only a figure
head that there was somebody i'm the
firm who was his guardian angel. who
gave him any information he could pro
cure. On this contract for 5000 tons
Of cotton linters he reckoned the vaule
10 himself at $4,000. He also men.
toned a Mr.. Phillips as one of his as
sociates. We never gave him the sale
swore Prescott.
On the stand Prindle declared he had
received from Paris instructions TO buy
5000 tons of cotton linters. Both
quantity and price the same that Suit
ger told the Anglo-American Company,
were contained in the cablegram.
"Never Made from Sales"
Sultzer. who is awaiting sentence By
Justice Benton in the Supreme Court
for grand larceny in the second degree,
was cloSeted with District Attorney
Swami for an hour after the hearing