The New York herald., 1922-03-10
C.ASTONEHAM GIVES
100000 TO ASSETS
FOR DIER CREDITORS
H. ID. Hughes and Shrimp
ton Add S125,O to Help
Composition.
25 PER CENT. IN SIGHT
100 Brokerage Customers
Learn, $500,000 Offer
Was Rejected.
LOSERS ATTEND RALLY
Laugh at Story of Necklace
Competition Of Mrs. Dier
and Mrs. Hughes.
LOSERS ATTEND RALLY

| That Charles A. Stoneham, owner of
the New York Giants, and head of
the brokerage firm of Stoneham & Co.,
had contributed 100000 to the general
creditors fund of the bankrupt firm
of e. d. DER & Co. was disclosed last
night at meeting of about 100 of the
creditors a. Bryant Hall.
Amounts received from Col. Henry
d. Hughes, formerly Dier's partner,
and from B. Franklin Shrimpton. an
other partner, also were announced,
making total of s325,O0O available
for creditors.
| Considerable effort was made at the
meeting TO keep Mr.. stoneham's name
from becoming public in connection
with the repayments. One creditor, re-
questing that the baseball mans name
be omitted from the public report
said:
"Mr. Stoneham does not like pub
licity, and has made this contribution
of 100000 probably because of what
he might consider a moral feeling for
| having transferred his accounts to the
| firm that failed. If this donation be-
comes public it may look like an ad-
mission of some guilt on his part in
connection with the failure"
Dispute Over Reporters.
This desire to protect Mr. Stoneham
was not general and several of the other
Arthur Garfield Hays, counsefffvrvafan-
fred w. Enrich, receiver, said there was
no reason why the information should
not be used Another creditor rose and
remarked:
I'VE want to get as much of our
money back as we can. If Mr.. Stone
ham sees the stories with his name in
them he may get sore and won't come
across with any more money for the
| fund"
Despite the fact that invitations had
been mailed to the various newspapers.
several of the creditors wanted the re-
porters excluded, but this was overruled
by cries of Let them stay!" One cred
itor asked why Mr.. Stoneham's name
should be omitted and the names of the
| other two contributors to the fund" be
1 included.
In the report to the creditors G. A.
williams secretary for the creditors
committee read as follows:
I'VE tried to get into communication
with Mr.. Stoneham, as did the attorneys
for the receiver. This was impossible,
for Mr.. Stoneham evidently found that
| the climate of Cuba was better for
him."
| stoneham Not Examined.
Mr.. Hays told how the receiver had
| cabled to Havana, ordering, by author
ity of the United States District Court.
| that Stoneham and Ross Il. Robertson,
his partner In the brokerage firm, re-
turn for examination. Thus far Mr..
| Stoneham has not been examined and,
/ according to the report and to Mr.. Hays.
''dislikes exceedingly the publicity which
| the newspapers have given his name In
connection with the case"
The creditors were told that of the
| 100000 for which the firm failed in
January. about $1,000,000 is "in sight"
! OF this the $325,000 collected from
the main part. There are assets in Sc
curities and some cash amounting to
about $4,000 at the most. said Mr..
Hays.
100000 settlement Refused.
A compromise was attempted by
various members of the brokerage firm,
| who offered to settle or contribute"
to the extent OF $500, 900 as immunity
F.s. Ten esat1 Nv
Jams in his report, but that this was
turned down by the counsel for the
receiver. who said no immunity could
| be offered.
That several Stock Exchange houses
were carrying double accounts for the
desunct firm. one under the name of
"Dier & Co" and the other as "Dier.
l.. & S. presumably Dier Lawrence
& Starr) was divulged by counsel for
Mr.. Enrich. II was hinted that action
against certain houses. which are said
~ have bought long on one account and
short in a single stock. may be taken.
Mr.. Hays said he believed that II. y.
Dier was responsible for the failure.
and that he had broken about every
statute on the books" DER is at present
IN Florida for his health. Mr.. Hays
also told OF Dier's proposition TO the
receiver to get some one to underwrite
a $4,000 mining scheme and then turn
this sum over to liuuidate debts of the
creditors OF his firm.
Accounts OF the rivalry between Mrs.
Hughes and Mrs DER as TO which one
received the best pearl necklace in
jected a bit OF humor into the meeting
OF the downcast creditors, among whom
we're young married women and elderly
persons, who said that they had lost
considerable of their small savings with
the insolvent brokerage