New-York tribune., 1922-07-12
NandeuilIe Agrees to
DeIirer FIRMS Books

II. L. Vaudeville, head Of the bank
rupt stock brokerage firm Of II. L.
Vaudeville & Co., appeared at the Office
Of the receivers attorne yyesterday.
Vaudeville has been sought since the
concern failed April Z. He accepted
service of papers from a United States
deputy marshal and Of a subpoena for
the bankruptcy hearings. He declared
the liabilities Of the company would
not prove 20 be more than $40, 900, in
stead Of S2,500.O00, as reported, and
that he believed the creditors would
be able 20 realize at least 20 cents on
the dollar.
a sudden turn In the situation con-
cerning the books Of the company oc-
CURED yesterday, and u seemed that
District Attorney Banton would have
another fight 20 gain possession Of
them.
The history OF the Vaudeville books
shows that only part Of the accounts
were delivered 10 the receiver, John L.
Iyttle. after the failure. Information
Of this came to the receivers attorney,
Irwin Wcinstein, who obtained an or
der from Judge Hand in the Federal
court for the delivery Of all the books
at once.
Threaten Contempt Charges
The remaining records were not
forthcoming. and when Mr. Weinstein
was served with a subpoena from Dis
trict Attorney Banton he lost no time
in going 10 the Federal court for as
tistance again. This time Leonard A.
Snitkin and Abraham Goodman, Mande-
ville's lawyers, were served with an
q kes .N.a - II
not be adiudged guilty OF contempt OF
court. This meant a $4,000 fine FOR
each If convicted.
Yesterday afternoon Snitkin com
municatcd with Wcinstein Offering TO
deliver the rest Of the books II they
could ne protected by a stipulation
guaranteeing Vaudeville his constitu-
tnoial rights that they would not be
used against him in criminal prcsecu-
tion. 10 was declared letter had been
sent 10 Mr.. Weinstein, under date Of
May is, which had not been received.
An agreement was finally reached
under which the books were to be de-
livcred IN return for letter stating
that Mandevlle's rights would be pro-
tcctcd by the receiver. In addition the
receiver will ask that the contempt OF
court order be quashed.
As the matter stood yesterday Mr.
Banton had been promised the books
~ II. l.. Vaudeville & Co., but part Of
them, as IN the Fuller, Ruskay and
other eases, were kept from him under
an understanding between the receiver
and the bankrupt's attorneys.
Il am going to determine once and
for ell" Mr. Banton said, whether or
not a defiant challenge, such as was
thrown out in the Fuller case 20 Off
GERS intrusted with enforcement Of the
law, can be maintained. Nothing like
the Fuller and Vaudeville eases has
ever before occurred, where a bankrupt
can 90 into the United States Supreme
Court and say Yes, / gave those books
20 my lawyer, and the lawyer gave
them 20 the receiver in bankruptcy,
who refuses 10 let the prosecutor have
them
Vaudeville said he knew nothing OF
the events preceding the failure. as he
have been In the Southwest for several
months. lie is q mining engineer by
profession and was investigating min
ing property. Sealy, his partner, Is
missing, and q safe deposit box that
may contain valuable securities re-
mains unopened.
William c. Brewer. Of II. R. McCory
& Co.. II Broadway, which failed FOR
$4,000, pleaded guilty 70 bueketing
yesterday in General Sessions. Nc
Cory. who is his brother-in-law, plead
ed guilt ysome time ago. They were
the first 70 be investigated. August
Heinen, Of 159 Prospect Park West,
Brooklyn, charged them with falling
20 buy fifty shares Of American Ieie-
phone and Telegraph stock, for whish
he put up $b,l50. The men will be
sentenced Friday.