Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-01-25
MANY WOMEN owe
CHANDLER FIRM
e. S. Little, on Grill in New
York. Tells Of Typist's Ac-
count $ss, 900 in Arrears
NE DREW OUT BIG AMOUNTS
By q Stag Correspondent

uoIlars in debt to his company through
speculation in the stock market, were
made by Edward S. Little. Ncw horb
member of the bankrupt brokerage tirr
of Chandler Brothers & Co.
Little was gril.ed in New York b.
j. Howard Reber. counsel for WillHrd
r. Barrows, trustee, at the first "rcdi-
tors meeting in this city. So closely
did Mr.. Reber crowd Little in his
searching cross examination that Litt)r
Iassed a weary hand across his brow
when the hearing was concluded au
said, THANK heaven. that is over"
In addition. testimony was given
showing that Little. in 1920 alone.
drew out Of :hc business more than
$4,000. That information was given
by A. G. Dcnlinger. who was head
bookkeeper at the Philadelphia office.
According to Dcnlinger. the sums
drawn out Of the firm by Little were
as follows: 1915. S6SO6.T7; 1915,
S206O.2: 1917, S201S.10: 101S.
s65s9.SS; 1919. S13I .04S.61 1920.
Sl"B.3OO.16, According to Dcnlinger.
Little drew out also, from January | E.
1921, until July %, the day OF the
failure, an additional 14,267 .l6. those
withdrawals making grand total of
$500, ,SS1 .O4.
Denies SI4,62 Withdrawal
In 1920, according to Denllngcr. Lit.
ue drew out, in three installments.
Si4,oSo Tor income tax payments.
that juncture. when Little declared he
had never drawn that money out of the
hrm to pay his income taxes. declaring
further he knew nothing of such with
drawals. He insisted he had paid his
income taxes with checks drawn on the
Nassau County Trust Company. and pro
duced the three Cancelled checks on that
bank. Mr.. Reber was nonplused and
ordered an examination of the accounts
TO find who did draw out S14,G2j. and
what became Of it.
Mr.. Little. in addition, denied MI
knowledge of the $3.50 600 in Liberty
bonds that Young d Co. expert ac.
countants, say should be somewhere
among the assets of the company. but
which no one, so far, has been able to
trace.
Little told Of having completed in the
spring of 1920 the luxurious home in
which he lives at Garden City. l.. I.
The money 20 furnish it. he said. was
supplied by his son and daughter. They
drew this money, about S31 900. H.
said, from their accounts with
Chandler Brothers & Co. He admitted
his son Stuart and his daughter Ellen
never operated the accounts themselves.
he had charge OF all buying aud selling
Tor them, he said.
Two Autos. But no Money
At the time of the failure of the com.
pany. Little said, he owned absolutely
no personal property except the clothes
upon his back and two inOtOrcars. lie
had no checking accounts in any bank.
ne said, except housekeeping ac- O
count at the Nassau County Trust
Company. He would take a Chandler
Brothers < Co. check. he said. fiji il
out TO the amount he Desired, sign il
and Chandler Brothers & Co. would
cash it. 4 large bundle of such checks
were produced by Mr.. Rcbcr.
That bundle OF Cancelled checks was
handed 10 Little by Mr.. Reber when no
said he could not recall for what hc
had spent the money he drew out in
lal9 and 1920. Mr.. Reher suggested
sno NdhCeleu CHechS would refresh his /,
memory. He promised to 20 through
them carefully. He said all canceIed
checks. as far as he knew. drawnIon
the Nassau County Trust COMPANY had
been destroyed.
When his attention was called 70 the
fact that the passbook had not been
balanced for many months Little prom.
ised TO have 1t balanced and TO nro.
duce the cancelled checks. CDon SOC.
ond thought Mr.. Reber took the pass.
book back, saying he would have II
balanced himself. There IS total
withdrawal from this trust company Of
$4,000 TO be accounted for.
Women Owe Big sums
Concerning the creditors who wore
allowed to go deeply into debt TO Chan.
dler Brothers & Co. in the New York
Mrs. II. w. Soper. who was
employed there as a stCnographer. Sbc
owes the firm 500 900.
''Do you mean TO say said Mr..
Reber, addressing Little. that vou
permitted a stenographer to owe the
firm $55, 900? Now, did she operate
the account or was it operated for some
other purpose in her name?"
Her husband held very responsible
position with the United States Rubber
1t was his account. and was
operated in her name. He He'd recently
and lett large amount Of lie insur.
snce. J think that account is good Q.
replied Little.
,Thanks,' said Mr.. Rober. dryl?
I'll get busy at once. ~
ewes S44 ,054?' asked Mr. Rrbrr.
"Shc is my sister, and she Is not
good for the debt" answered Little.
said to be Mrs. II. L. White, Buffalo,
ewing S35 .023 Mrs. +. d. Curry, ow.
Ing S3S. .265, and Mrs. G.. G. vii.
mouth, owing S3433. Many otter cred
tors owing large amounts were men
toned, among them being Nerc =. Reed,
manager of the New York office. who
owes $50, ,721. Little insisted be never
knew that Reed owed the Office anv
thing. Reeds account was known as
No. 900.
Children Large Debtors
His daughter. Lillian Lutte owes
Clarence Little owes SlS62. and stuart
Little S1270. Those debts, Mr.. Little
'aid, his children must Eay.
Those people were allowed 10 20 so
ieeply into debt, according to Little.
because they had bought certain oil
stocks IN which he had the utmost
aitb the stocks had gone down and no
ct the debts pile up. Sure the stocks
would rebound. Instead they went
over.
~ know it does not sound reason.
BILE" he said, but that is how il
"Isn't It a fact Chambers sold them
'ut long ago and the customers did NOT