New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-21

sinck & Co. first advanced the $4,000
| with the $4,000 of Dernberg, but /
afterward personally took them from
nv account because the partners OBJ
, iected TO my having it on the books,
! because it did not belong, they said, TO
( the business. A reorganization was
made of the 'StaatsZeitung' through
! the Guaranty Trust Company, and |
was asked to become a director with
several other gentlemen, 20 look after
! the interests of them fact, OF the
! creditors"
Q.-You were the representative, as
director, then of DR.. Dernberg, as we'll
as the Amsinck Company? A.-No, DR..
/ Dernburg never appeared. Yes, l was
supposed to be the only man who had
given the money. Nobody ever knew
that DR.. Dernburg was the man who
SUPPLIED most of it. The Riders never
/ knew it. They do not know It to-day.
Still Owe Him $4,000
O-What subsequently became OF
this loan of $50 1000? About $1,000
was paid off, and have taken out the
interest of Dernburg and have taken
out frst-that is, they owe me, what
ever it is. about $4,000. They owe me-
because on account of all these things
the people going back to EUROPE
wanted them out, and | paid over what
ever came out OF this. l mean when.
ever they paid anything l PAID IL out
after they left here to HUM, Loep
! Co. They are out now.
n -You wish us TO understand that,
so far as you know, none of the d.
rectors of the "Staats Zeitung' ever
~ came
| from DR.. Dernburg. A.-No; NOBODY
knew it.
/ ~Ol-That was a secret that was Kept
between YOU and DR.. Dernburg? A
Between me and DR.. Dernburg; yes.
! O.-After you became member Oh
! the board of directors were you ac-
ouainted with the business OF the
newspaper? Al went to the meet
ings pretty regularly; yes. In a gem
eral way was acquainted with H..
I O.2Was the money paid OF from the
earnings or was it paid off from some
other form of financing? From earn
ings? II was paid out of the treasury
of the Stats Zeitung? A.-fes; the
Riders knew. ! was not the only one
who gave the money, and ] used as an
argument that | wanted this German
| interest paid off, you know, because ne
was leaving here. ] said had friend
who had been with me in this transac-
ton of helping me, but | never men
toned who il was"
O-You stated he was leaving the
country and A.-No. | said had
a friend in Europe who was interested
in this and | would like TO pay 1t OIL
because it was bother, because, oil
course. | had full confidence that TIL:
few thousand dollars they owed me
would get. -, a. -
Odd you have talk with Mr.. II
F. Albert with regard TO what shoulC
be done with the funds with which tins
loan should be paid? A.--Yes.
Albert Becomes Collector
O.-About when did that occur? A
That occurred when he left, because
when he left paid IL TO him when ne
left for Europe. Then | asked for IN,
structions-excuse me, first | think
paid it to DR.. Dcrnberg. the interest
, that came in, you know. | don't know,
, whether ! paid il off right away,
don't know. DR.. DornbeIg left a great
, deal earlier When he was here paiC
the interest to him; wnen he left
paid the interest to Albrt, and WIN he
, left he told me to pay it to puhn, Loci
& Co.
Q.-And whose credit was the
money deposited with Kuhn, Loeb &
Co.? -Reichsbsnk Haupt Comte
THE German Government Bank
Odd you have a conversation with
Herman Ridder in his lifetime in re-
gard to the proposed consolidation OF
the Stats Zeitung" with the
"Deutscher Herold"? A.-No, | never
had any | never had any converse
tion with anybody about that. never
knew that it was ever considered. Her
man Ridder was afraid-that is, | wa:
told he was afraid don't know wheth
er | was told by the Riders or one
E Of the other gentlemen in this reor
ganization. He said, you must not le
the Stats Zeitung" slip. l remember
somebody said we had TO do something;
otherwise the paper would slip away
from the Riders. who have been very
Sfriendly TO German interests and al
that, and we did not know in @ha'
hands il might get in case the paper !:
sold 70 the highest bidder"