New-York tribune., 1920-06-17
New York, June 16, 1920.

taken this the Board of Governors who last March
and April sat in judgment the Sutz and on me- the
Board who although fully apprsed by me in advance of
the crisis still requested loan Stutz freely but
omitted to take preventive despite my repeated
earnest reqests the Board who me every
detail respecting operations but declined give me the
slightest nforrnaon the Board countenanced per-
sstent shor campaign but accorded only obstruction and
dflcuy the same Board who first illegally suspended
ing the Stuz Stock later put through an amend
ment to the constitution order authority the
same Board who permitted its members right up to
the SOUND OF the the day when it
make this illegal suspension and then excused them max
Ing deliveries the Board who very generously announced
that my Stock Exchange contracts should have E
change enforcement but that reegated chances
etner IN the courts or by personal negotiation the
which sat during all this time or more members
themselves actually Short representing "shor" interest
In Sutz and the Board who thereupon IN
spred fostered and the banding together of some
ffy-eght firms, whose Stock Exchange contracts held for
the avowed of repudato Having entirely failed in
the most persistent cripple me and in their DETER
mined purpose to protect gamblers in the Stock having
been frustrated in their attempts at repudaon despite an
array of eminent legal talent and having delayed two
months the sale Of seat despite the fact that dollars
obligation stood against it. these have now prepared
fitting conclusion to the part they have played
This situation suggests the chances an allied officer
on trial before the German general staff That at least might
be proceeding There perhaps the would have
the right of COUNSEL While the result might concevabv be
forecast the evidence at least be exposed to public view
But the trial designed by the Stock Exchange would extend to
me no such privileges Here asked merely become the
wiling victim to vengefu sacrifice In order the OBJ
sequ-es complete they would like furnish the corpse
My is first that the New York Stock Exchanoa
has no jurisdiction because longer member
having duly resigned April 10 last then took
pains to set FORTH second that deny there is any basis Of
truth in the charges made against me- next that if it be
violation of the Stock Exchange rules regulations that
one should render himself obnoxious to the selfish clique
in control that his expulsion is for them devouy to
be Wished make no denial of the puation and each
has his hus.
ness to investigate the sutz matter by this time
defended myself sngehandedy from the most vicious as
saut and my stockholders refused to be intndaed
oy any person or combination of and the
great Stock Exchange blot the its proceed
ings have been disgrace honorable traditions and it's
fine ideals.
No appreciates than that the Stock Exchange
the keystone of the country No
has greater respect for its ideals traditions No man
has higher regard for those its members
for justice and dealing matter whom But
no man depores than that this great institution with
its tless for good should have that these
employed for the evil designs private ends and
personal vengeance 1t spectacle indeed that BODY
boasng the high functions Of court should be debasd
such low ends.
When the socaled charges" against served why
the judgment simultaneously announced? had already
been Formulated by that made the charees
be deceived by the posponeent announcing this
judgment it must be only it's authors have that the
leopard change his spots but seen 1t done
WhleWashng the spots temporarily conceal them but will
hardly be sufficient to obiterate them.
If the Board of Governors desires merely to prove that
claims the irresponsible power expel even after
have resigned, why need it go to the trouble of mock
trial? If desires to show that antagonsc to me-
and has been all along had amply so before franz
ing these camoufage charges it desires demonstrate
that the forces which failed and to DESTROY
stockholders still hungry for blood no further
proof But the Exchange thinks that secret and des-
potc manpulaons it itself in the eyes the
I1Ic from IF
sufficiently American optimistic to believe that tho
thinking public will not be humbugged and that somewhere
and somehow the true facts will be brought to light SO that
the mquty OF this proceeding and the of this
sponslbe power in high places will appear real colors
purpose to hold the Board Of Governors responsible not
only TO the public but personally to the sutz Com