Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-12-29
Wife Got S25yOOO
as "Pin" Money!

Continued from PAGE One
examination by him Of the books OF the
frm," interrupted Mr.. Chandler
counsel. That drew sarcastic shaft
from Mr.. Reber. who said:
"You want to know what l will ask
him so you can look it up and see how
IL is best for him to answer
At this point Mr.. IIill ruled Mr..
| Reber had the right to ask any question
he wanted concerning the bankrupt s
business. Mr.. Reber then made fresh
start.
he asked. ''Yes, that's right, said
Chandler.
Deducted $982t
"You have checked your books and
you did take out $153, ,831?" Yes
the witness said, In low tone.
"was that all you drew outf" Eyes,
to the best of my knowledge"
"He answers under mis- BREATH" Mr..
Reber remarked. Then he asked:
"I asked you how you disposed OF
It, before this argument commenced,
didn't II" Yes
"Your statement in reply shows how
you disposed of $145,566 doesn't itT'
us that s145, ,5ee all the money you
spent during the period?' THAT'S about
right
''Why have you deducted S0921. SO 2"
"Oh, I got that from outside sources
my profit In an underwriting with
others"
S9821 VanisIies
"But you drew It out and you got
It, didn't your" Eyes"
"If, during that period, you had to-
tai expenses of S145, ,566 and you admit
you withdrew $153,631, where is the
difference?
AS Mr.. Reber shouted this question,
Chandler stammered and the trustees
counsel continued:
"Mr. Chandler, 1t is your duty to
account to the bankrupt estate for every
dollar and every asset Of any sort. Yet
you cannot explain how you disposed
of that money. Where is this
S0921 .63?'
Mr.. Chandler flushed, squirmed in his
chair, looked toward his attorney, who
was seated at his right. and then said
''I don't know where 1t is
"Well, we will be very glad to give
you IN opportunity to look 1t up and
tell US at the next meeting"
!. After some questioning about S24 ,0OC
spent on Chandler's house, the witness
Strengthened in his chair to fire part.
ing shot.
Other Peoples Money
'In May" he shouted, with ges.
ture Of his left hand, Il put S115,OW
cash into the business" He leaned
back in his chair with an air of finality
But Mr.. Reber did not consider thu
WAS any of that S115, 900 your owr
money or securities you got from othel
people?" he asked. well, it wa:
other peoples money"
"How did you make up that S110,'
0O0?" well. l got $5O,OOO from m!
uncle" =.
"Was that note from Percy NJ
Chandler which was discounted|' -.
; only know it was $50 900 which came
in and was credited to my capital ac'
count"
; "Mr. Chandler. didn't you tell M
that Percy NJ. Chandler raised 500, ,OO'
on his note to put into the firm unde
, the reorganization in May?"
Chandler became angry and in
loud, defiant tone, replied:
II don't know how he got IT,
Respite Is Given
, At that point Mr.. Rebcr was callct
t. the telephone and the respite CAV
| Chandler n chance to consult hurriedl!
: with his counsel. who assured him h
, cnly hnd to fall back upon the records
il his memory failed him.
| When Mr.. Rehcr returned Mr.. Chan
dler's original sworn statement pr"
sented ut previous meeting was pro
duced. In that statement Chandle
l had said his contribution us Il partnc
: to the capital account OF the firm IN TN
cash which Percy NJ. Chandler hac
. borrowed on his personal note.
: "Now what do you mean by say mi
, you didn't know how he got it, Mr.
Reber demanded.
Il did not recall
"When were you telling the truth
! then or now? Now. Mr.. Chandler. i
I part of this $115, 900 that you CLAIM
You pu. into the firm that $5O,OO w
I have been talking aboutT :,
After much hesitation Mr.. Chandler
admitted that 1t was.
, Vague OH $4,000 Loan
"Where did you get the balance?'
! 'Thirty thousand wa. borrowed from
the Quaker City Narional Bank
"Who borrowed it," II don't know
, whose note it was borrowed on"
"Do you mean to say you borrowe
: $50, 900 and don't know whose note
, was borrowed on?" NO
"How about the securities?' "The,
Z were borrowed from Percy NJ. Chand
o ler:"
= fathers estate remaining in the hand
: of the executor and not yet distribute
n under the terms Of tie will?' II dom
! know how the will reads. ] am not sur
= as to the rights 1t gives
n "Werc these securities in questio
= assets of the estate?' yes"
e Borrowed OF Wife and Mother
g "Wherc did you get the balance? 2
t II borrowed $500 in securities fror
my mother and my wife"
e "Did those securities come from you
o fathers estate?" ''No, they were thei
Q own property"
''Those securities you got from you
4. wife, did she get them from you a
t some previous timer" "No."
where did she get them?" -
= don't know"
$ "How much of the total did you ge
from your wife?" From $1,000 t
Q $40 900"
t Where did she get them" MI
; Reber persisted. Chandler again los
4 his temper, II suppose investments
u made for her." he snapped.
: with her own money!" Il dom
know"
Can you analyze it for our mex
meeting?" mo, l can't" Chandle
. snapped.