New-York tribune., 1922-02-26
Heatley, Robles x Smith,
Rieize < Sullivan and
A. r. Smith Give Total
of 9 Since Wednesday
Kardos Laws Crash
Of Concern 10 Envy
Rivals Spread False Re-
ports, He Says; Offers
All Personal Property

-he ~ of stocl. brokers' failures
,iace Wednesday was brought 10 nino
5ssterlay, With ire successive au-
neaacements of iecoiyorships for
Ristze & sullivan. 10 Broad Street;
asatiey, Eob.es 4. smith. 1So Broad
~, and y Il Smith & Co, - Broad
ga. The failure of Boureau & Evans,
6. 80 South Fifteenth Street, Phis-
de.phia, WAS also announced. Bourcau
l. Evans were members OF the Phila-
celqais stock Exchange and OF the Chi
csgo Board Of Trade.
n only one Of the cases IS there cvi-
5srce that the recently insugurated
eucketshop investigation has sny
tearing On the collapse OF the firms
Involved Assistant District Attorney
unge, said yesterday afternoon that
complaint Lad been fled on January
.8 ~ John Hausler against Heatley,
Robles & Smith. The complaint is
seiag Investigated BY Assistant Dis
.'.et Attorney Simmons.
Small Assets and Itabllitie.
In THIS case liabilities arc stated to
ts soo coo and assets $4,000. Assets ir
the case Of Rietze & Sullivan sre given
as $1,000 snd liabilities as So 600. In
tae case Of \. z. Smith & Co liabilities
ere given IS $4,000 and assets placed
:. SZ5090
LOUIS Montgomery Ksrdos jr, man
sFiag partner O. hardos & Burke, y no
has been in seclusion since The an.
rouncemeut OF the failure OF his firm
last edne esday. appeared yoste rdav be
toye Robert z. Stephenson, the receiver.
End preferred all his personal property
.ogeIher with that Of his wife for the
sereat ct he creditors. At the same
the he issued slgued statement de-
oarlng hat the coilapse OF his business
slterp Sc was due to vicious propa-
stnls directed against his lrm by
wal stock brokers, ard stating that in
rs arn not "onc share of stock Das
egsr ss.eted"
Ais rsapQearsr rce was spectacular. IN
ssnlrc1 a ii statement issued geSter-
ga wornlre BY arthur l.. Eoss, his at
foraev indicated that Kardos would
aot meet the receiver until Monday
In meeting took place in the Offices
o. David ". Kahn. attorney for the
.o1e noon. kardos. a midget in stat
use. nervous and pale, smiled wanly as
II VS. introduced
iNardos Shows Strain
The presiding genius of the wrecked
fral has none OF the markings tradi-
'ionall, associated with VA! Street
tat almost the complete antithesis
cf what is generally accepted IS the
'toca broker type He cannot weigh
s. much rs d hundred pounds, and his
aimert was subducd and almost care
Tess " sas = thin, black mustache,
black Nair md sharp black eyes. His
face aud manner betrayed the stress
ander which he IS living, and he made
constant p'sv with his nervous fingers.
Arthur J. Ross, kardos's attorney,
'otrcdGced his cllent o David Kahn,
attorney for the receiver, and Mr
Kahn Immediately telcphoned for Nh.
Stsphenson. \ conference which last
ID tor -No hours followed, after which
Ar. Ross aHd Mr.. kardos returned to
the Offices of kardos & Burke, at 80
broaaNay, vhero they spent most Of
tae afternoon At o'clock Mr. Ross
gave OUT thl4 statement on behalf of
his client:
want 10 sDsolve my PARTNER. Gov
ms Unfortunate situation, and if there
:, any Responsibility want TO assume It.
lie possesses wonderful character and
i-S oesn honorable throughout. and any
'i.t.clSm o. him i unwarranted.
ne public, and particularly tue
creditors. are urged to hold expression
III opinion III ,beyaace until | obtain
statement @. the irM' affairs, and
ieel eertsin that will satisfy All de
snds OF creditors, but must ask for
iaei, co-opc,at.on
No Bucketing, He Says
The prs.c may as we'll know that
ne acilatirs cause OF the failure Was
re continuous closing and withdrawal
:. accounts. due TO vicious propaganda
e'Fseteo . cur FIRM because of mem
oership IN the Cons olidated Exchange
ar envy y ths large business that We
arough- to 1t, and defy any one to
nov that orc share Of stock was ever
osctelea. Customers men were even
Continued on psss SIX