Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-05-03
|l(OCKSpR|)BE
MEMORY
400 In Year, Broker
NJ but "can't Recall"
Where Il Wont
II JEEaeo sY CREDITORS

4 exneet raft, to efforts Of attorneys u
1(ceo ElmSre D. DER tell what he'd
a o0ob0o u Auadretls Of Thousands oi
II 9o1Iars that vanished in the crash Of
y. D1er & Co.. stock brokers. The
N.Y. was held yesterday in New
~ before Seaman Miller. referee.
Z: u ~ fAiled In January for $4,000,
Iks hearing room was packed, there
4 o1nR almost as many women present
.So men. Dier himself. large. rotund,
0n4 fsddy, with loose. dropping mouth
h M coal black hair. rather scant on
$top, declared, whenever questions be-
c1me embarraeeing. that he could not
\ femember." Every time he made this
4 s(ateoaent, almost. he would glance to.
Nafd his attorney. former Judge Nash
\ Roeawo6d. The Judge merely smiled,
/, and allowed his client to founder along
/ t&o' occasions did he enter an objec-
y t1oD to questions put by Saul s. Myers.
!. attorney for Manford ". Enrich. the
Secsisef.
Decent Know Own Address
DER forgot where he lived. even. con.
trndicting himself number Of times
when the questions as TO his present
New York address came up. He boards.
be admits, with a Mrs. Lawrence,
mother of Harry J. Lawrence, bust
mess associate. The creditors want to
sulpoena Mrs. Lawrence.
H4 l4rst sid his present address is
~ Madison avenue. Then he changed
, e 70 10 Park avenue. and the creditors
latGhed jeeringly. Then he switched
to 80 Park avenue. then back to 800
again. When driven into corner, he
ingfsted he had said 5tO Park avenue
al1 along. He was then reminded that
this had been found by a subpoena
server to BE- the wrong address. Dier.
however, stuck to $50, and the lawyers
e1ye it up in disgust.
Daring tho pickering creditor
\ e60uted that he and the rest of them
had 4 right to know where Dier lived.
Tb1 referee strove to quiet the tumult
b. eutgesting that he had time to listen
I % SMWyers only. ~ pay Judge Rock.
Wood to attend to my AFFAIRS inter.
1pdesd Dier.
That's right yelled the creditor.
''Y6u are paying him with our money"
Scared by Failing Pole
Der maintained his cynical attitude
of deaial OF everything discriminating.
even when confronted with positive
pro6f In the form Of documentary evil
oence. His calm was broken, however.
when 3 window pole fell upon the desk
eeside him with a crash. striking a
yoa6s woman stcnographer as 1t fell.
I The et6n6Sraphcr was uninjured. DER
Z eenFt6d violently and his face became
w1ite. but be soon regained control Of
q 5tTe iswters did manage to obtain an
\ faIn3o116n from Dier that he had drawn
O0A Ard spent for his own personal use,
1Do4, 900 from January 1. 1921. until
!. SAntaSy 10. 1922. The time Of the fail.
-Nute. and that an additional 5000 900
y Nd ALEC been drawn out by him from
x ~ hffA't bank accounts. ~--''
Then came the effort to find out where
- Assistance. He could not recall. -
he would say. in bored manner. Even
Wh91 shown checks for larRr amounts.
he, refused to admit he recalled signing
A ~ eguntersigning any of them. These
eeeails, he inferred. were too trifling
~ Q King Of finance to bc annoyed with.
Lawyer Is Disguised
Each Of the checks by which the
39o0 600 had been drawn out of banks.
bad been signed or countersfghed by
DER. They were produced dramatically
? ~ Mr.. Myers. der declined to be
trapped into declaration the signatures
: Wete f0rGeries. but also refused to ad-
MT recollection of them. Finally My.
80 .oave II up, threw down a big
I handle Of checks to be introduced in
evteehte, and let 1t go at that.
D0nne Of these checks were on the
arm OF Hughes 4 DER. predecessors
\ u y. Dier & Co., made out to
department heads and clerks, in varying
amounts. Then II developed that all the
Z under the firms name, but in the
'~na1hsa Of business associates of Dior
and employees. DER insisted again and
again he had not hidden any of the
Z Arms money, insisting "all had been
der vas questioned closely as 10 his
f6fAlNf home In New York. He denied
e1phAtieAIly he had ever lived at :}OJ
] West seventy second street, New York.
nd assisted he never heard Of any of
~ employees or associates having livcd
there. He admitted he had the right
q draw out funds from the New York
Trust Company.
would YOU be surprised 10 learn.
Mr.. Dier, said Mr.. Myers. "that large
Amoliifts OF money were withdrawn from
yetlf 6rm and sent there"
DER admitted he would indeed be
SURPRISED.
New, Mr.. Dicr. tell us how much
Z y1u ascnt up there" said Mr.. Myers.
~ Hever sent any there" was the
reply. Mr.. Myers had announced al
4 th0 b&oinning Of the hearing he had
+ s0t hSon the track Of large sums tha,
I. had U4en drawn out of bank, not know
I 70 cfeditors until recently.
Oier also denied any knowledge o.
{ Any acc6uht nj n" Now York Trus
C0mfany In the name of Il. r. shrimp
TON Tor large amounts. lie was thel
shown Photographic copies OF pages o
he books of the bank. showing
1skS1ehes 4 DER" account. care o
y q. IA. Nhrimpton. Even the photo
Y fY1ttp failed TO stir bis memory.
HI memory was blank to q certail
49, for $4,000 he was alleged +
y hnR& elehed and given to a New iml
y &9ek kaeAge house. presumably In pay
fer Mexican Petroleum stocks
VI &7s8 moment II looked as though b
admit this check. Then thrOug
' ~ Of Mr.. Myers he learned th
Il whs not at the hearing.
II x Nave no recollection of 1t. Pro
Ae6f the check" he said blandly. Tha
WfffD1 that.
Il ~ failed to re..all also the purchas
snt 10 shares of Mexican Petroleum
r5oiS S,at Ai4O a share in April, 1921
= " 1oeseSftt Of the books Of the broker'
II \ Stes Caifry q Co.. "a Broadwa,
. h S0H e64uced p,irportinG TO show b