The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-07-04
LILLY SAFE YIELDS
RING AND FEW BONDS.
Assets May Reach 100000
Less Securities Customers
Get Back.
CLAIMS FROM ALL OVER
Sulzer Summoned to Tell
What He Knows of $1,000
Check He Received.

A safe at 81 Broadway. in the once
Of J. Frank Tally 4 CO.. who. to use an
appropriate aviation term. crashed on
Saturday. was opened yesterday. 1t
proved to be big safe filled mostly with
air. There were three $50 Liberty bonds,
two corporation gold bonds worth s1,4oo.
face value. checks for s425 and $2.63
cash. There were also wedding ring
dated 1s47 and a pair OF earrings, own
ership unidentified.
In the firms incoming mail, accumu-
lated since Saturday. when Lilly dropped
out Of sight. Assistant District Attorney
Rorke found checks for $3.50, repre-
senting remittances from many custom
ers. Charles g. Cleveland turned over
to him. TO be passed along with the other
assets to Joseph Proskauer receiver In
bankruptcy. Liberty bonds worth $3.50
which Cleveland found in Lilly's Phila-
delphia branch office, OF which he was
manager. Lilly's New York clerks are
helping Rorke to appraise the value of
the stack OF securities deposited in two
Columbia Trust Company safe deposit
boxes. Thus far they have examined
about one-sixth OF the pile and found II
to have market value of about $40, 900.
II the rest Of the stun is as good the
value of everything discovered thus far
by the searchers for assets may reach
| almost 800. 900. It cannot all be classed
as the bankrupt FIRMS assets, however,
for customers who can prove their out
right ownership OF securities deposited
with Lilly & Co. will be able to get them
back through reclamation proceedings
The firms liabilities appear to be about
81. 900. 600.
Among the papers in a strong box
was an agreement OF separation signed
by James Franklin Lilly and his wife,
Leona Elizabeth Lilly OF Nutiey. n. j.,
on November 20. 1917. In 1t three chill
dren were mentioned-Rpssell, Frances
and DorriA Lilly agreed TO pay his wife
si5 week and not to attempt to COM
municate with her. He afterward took
furnished apartment at 435 West
| 18th street The superintendent OF
that apartment house says he last saw
Lilly Saturday. when the broker said
he was going to Bear Mountain on a
fishing trip.
More Customers Appear.
Assistant District Att ,-ney Kiiroe heard
from about 200 more Fl Lnly's custom
ers yesterday, in addition to hundreds
Of inquiries and COMP bints that are
piling in from far and near. Axel NJ,
| Bye OF Salem, Ore, now at the Hotel
Arlington In New York. says he was In
Chile when he hearkened to Lilly's ad-
vertising and directed the Title Guar
anty and Trust Company TO transfer
securities II was holding for him to
an account he opened with Lilly & Co.
Tfe Is out $500 as the result o, his
| long distance mistake.
4 Ex-Gny William G,,IxAr Inv al
yesterday by Kilroe to go to the latter
office and tell what he could OF the af-
fairs OF Lilly & Co, from whom he had
received a check for $1,000 on June 25.
Sulzer said he didn't know a thing ex-
cept that he was creditor for 1000.
but agreed to visit Kilroe on Monday
morning. Rumors that several politicians
who were on tho brokers books had
been favored with checks Just before
tho deluge were contradlcted by Kilroe.
He said he had found nothing to indi-
cate that
Clash Over Bail.
Frank B. Taylor of 54s East Fifth
| street, Brooklyn. Office manager for II.
| C. Loup Co. brokers OF so Broad street
who were declared bankrupt on June 90
was indicted yesterday on a charge OF
grand larceny In the second degree and
| was surrendered before Judge Wad-
hams in General Sessions by his coun-
sci. Terence j. McManus. He IL specia-
cally accused OF stealing $4,000 from
Miss Margaret McCabe, a teacher. OF
$40 West 1891 street, who says she lost
all her savings through investment with
Loup & Co. Mr.. McManus expressed
astonishment when Assistant Distric,
Attorney John T. Dooling asked that
| Taylor's bail be made $4,000. Nc
Manus and State Senator Edward J.
bowling asserted that Assistant District
Attorney Ryttenberg told them on
Wednesday that $4,000 would be
enough, Dooling replied that Taylor
was the real head of Loup & Co., and
that District Attorney Swami thought a
bond of $4,000 was none too high
| Judge Wadhams fixed Il at that sum.
Then ex-Judge W. NJ. K Olcott, Nc
Manus's partner. hurried to court and
told Judge wadhams he felt that the
| District Attorneys ONCE had broken its
word. That caused Judge Wadhams 10
send for Swami. who asked that bail be
fixed at $4,000 until Monday and then
raised to $4,000.
IAN right" said the Judge, "it you
are willing 10 assume the risk Of Tay-
lor's appearing on Monday"
Swami replied that the more impor-
tant thing was the public faith In the
word OF public official.
Accountants working on the books OF
Toole. Henry & Co, OF which firm the
senior member. Charles H. Tooie was
indicted few days ago. report that liza
bilitles are we'll over 100000 and
| Ieaa than Sb00 000