New-York tribune., 1922-03-25
Lawyers Fight
Threats Enlive1l
.Dier Meeting. 9.
Receivers Attorney Invites
Creditors Counsel to
Take Off Coat and Step
Outside; Dier an Observer
Examination Postponed
Stoneham and Robertson
Called ''Master Minds of
Defunct Brokerage Firm


attorneys invited one another to re
move their coats and step into the hall.
was held yesterday in the offices Of
Seaman Miller, referee in bankruptcy
at : Rector Street. The examination Of
tlmore ID. DER, head of the defunct
brokerage concern, was postponed until
April on the motion of Nash Rock
wood, his attorney, who asked for an
additional two weeks in which to per
feet a settlement plan.
DER, stout, q bit ford and perfectly
at ease, sat unconccrned while Saul S.
Myers, one Of the attorneys for Man
fred ". Ehrich receiver of der &
Co., and Daniel w. Blumenthal, rep
resenting some of the creditors, en-
gagged in a verbal conflict
The postponment was objected % bv
Mr. Enrich, Mr.. Myers and Arthur G..
Hays, another of the attorneys for the
receiver. Mr.. Myers demanded of Mr..
lockwood statement that if the ad-
Journmcnt were granted Dier would
contribute 100000 or 100000 to the
creditors fund, and MIR. Hays sug-
gested that Dicr deposit $4,000 as
proof of good faith.
Mr.. lockwood rejected both PROPOSE
tions, declaring that he could give no
guaranty of any sort. He insisted,
however, that friends of Dier were
planning to make possible payment in
full. He asserted that further ex-
animation of DER at this time would
serve no good purpose and that news
paper accounts of such an examination
would only tend to frighten away the
friends who were about to come to
Diers aid.
The set-to between Mr.. Myers and
Mr. Blumenthal followed the latter's
attack on the proposed 100000 settle
ment with Charles A. Stoneham, head
Of the New York Giants, whose com
pany turned over its business to DER
& Co. a few months before the SO 000,-
600 failure.
q and my associates said Mr..
Blumenthal, ARE under the impression
that Stoneham and Ross +. Robertson
were the master minds behind E. d.
der & Co. We want this examination
to go on to find out just what this con-
nection was"
Flaming with anger and shaking his
finger at Mr.. Blumenthal, Mr. Myers
arose and shouted that Mr.. Blumenthal
represented no one.
81 won't stand for any suggestion or
innuendo that the receiver or Mr.. Hays
is laying down or selling out to the
creditors" he continued.
Myers Suggests Fisticuffs
The two attorneys continued to talk
about each other until MIR. Myers
finally offered to take Mr. Blunenthal
out in the hall if the latter would
lay aside his coat, 1t was all words,
however,. and nothing occurred in the
hall.
When the encounter had subsidcd
Vincent S. Lippe, an attorney, arose to
add his opposition to an adjournment.
lie said the District Attorney was en-
dcavoring to obtain the books of DER
& Co. to investigate criminal COM
plants and accused Receiver Enrich
of within holding the books. Mr.. Enrich
explained that counsel for DER Co.
had obtained an injunction restraining
him from turning over the books to
the col-lty prosecutor.
Tho application for an adjournment
was seconded by A, Barton Case, an
attorney representing some of the
Chicago and Milwaukee creditors, and
was finally agreed on.
District Attorney Banton said yes
tcrday that he was not only trying to
get possession of the books of DER e.
Co., but also those of other bankrupt
brokerage houses against which COM
plants have been lodged by investors.
The Federal Court decided that he
could have the DER books, Mr.. Ban
ton said, but they are still being held
up by & temporary restraining order
pending appeal from the decision.
Wants Ruskay & Co. Books
Ruskay & Co. is another firm for
whose books the District Attorney is
fighting in the United States District
Court. He was enjoined from taking
them on the contention Of Ruskay &
Co. that the books were turned over
to receiver on the constitutional con-
dition that they not be used in Grim
inal investigation.
owe expect eventually to get the
books of a number of concerns that
have been complained against" said
Mr.. Benton. ut is necessary for VI
TO have these books in order properly
to investigate complaints. The Legis-
lature has declined to give US relief
in refusing to pass a law authorizing
the licensing of brokers. 1t is there
fore necessary that we continue the
fight in the Federal courts"
Further evidence against officers
and directors and some members of
the American Cotton Exchange was
offered before the grand jury yester-
day. Assistant District Attorney Ben
jamin Schreiber said he thought the
presentation would be completed by
rext tuesday.
CHICAGO, March 24.--Archie R.
Webb was suspended from the Chicago
Stock Exchange for one year, it was
announced to-day. The governing COM
mittee has found him guilty of violat-
in manner detrimental to the welfare
of the exchange.
X r.oboE g. 10 R1uLry,nt