New-York tribune., 1922-10-03
our States TO
Demand Action
On, Hall & Co.
New Jersey Joins Group
i'll Conference To-day
Over 100000 Failure
Here l. a { February
Third Appeal for Law
Fifty-two Accounts Are
Basis for Criminal Pro-
ceedings, 1t Is Said

One more state has Joined the group
that is to ask the District Attorneys
office of New York County for the
third time since June that criminal
proceedings be brought again Hall &
Co, the defunct stock brokerage firm
of 80 Broad Street that "blew the
works." as one Of the partners put it.
last February. This makes four COM
monwealths that will be represented at
the conference with Assistant District
Attorney Ferdinand pecora to-day
Massachusetts, New Hampshire, New
Jersey and New York
These states all supported for q
time branch Offices of the firm, which
failed for nearly 100000. New Jersey
| IS a newcomer in the group, although
Hall & Co. maintain Offices at Trenton
and Atlantic City along with the 9th
ers. Nevertheless, Attorney General
Thomas f. McCrain, of New Jersey, as
sured Francis M. Fallon, attorney for
the creditors of western Massachusetts,,
that two New Jersey county prosecut-
ors would be glad to join in the move
ment.
| The New Jersey delegates to the
conference with Mr. Pecora will be
Dayton oliphant, Of Mercer County,
and E. c. Gaskill, of Atlantic County
Confirmation False
| According TO the report Of the re-
/ ceiver's accountants, there are fifty
one accounts on the books of Hall &
! Co. which furnish the grounds for
criminal investigation. They are all
much alike. The account of DR..
Charles D. Teft, Of Williamstown,
Mass. is one of these. Dr.. Teft re-
! ceived confirmation statement from
Hall & Co. stating that the firm had
bought for him forty shares Of United
Fruit. The shares, the statement said,
were bought through Broker McHie, of
| the Consolidated Exchange. The fact
! is that the stock was never bought, the
confirmation being false, and The send
ing of which is q misdemeanor under
the penal law.
1t also is charged that Charles J.
Anastasia and Louis 7. Hall. the part
ners in the concern. had transferred
to themselves fifty shares Of General
| Motors stock sent to them for sale
! by &c. Renaud, another New England
customer. Remand mailed the stock on
! February 27. On March !, the records
of the General Motors Company show,
fifty shares Of stock were transferred
! to Hall &; Co. Mr.. Renaud never re-
ceived cert for his stock and the
+ shares. themselves cannot be found.
That Henry W. Sykes, the trustees
attorney representing the creditors of
Hall & Co. made an individual settle
ment with one creditor, retaining more
+ than half of the settlement amount
/ himself, is the statement of Abraham
Stein, of Adams, Mass, who says he
I has $2,27S coming to him. Anastasia
offered Stein $500, Stein says, in
Sykes's office. Anastasia gave the $500
| to Sykes, Stein says, and then Sykes
gave Stein 5000. Later Anastasia
turned 500 more over to Sykes, and
! Sykes sent Stein $66 out of it.
No Action Taken Here
STEMS experience with the bank
rupts and the transactions through
7 Sykes were told to Assistant District
Attorney Benjamin +. Schneider, Of
/ New York County, by John M. Shea, AS
sistant District Attorney of Berkshire
County, Mass, but, so far as those con-
nected with the bankruptcy proceed
ings are aware, there has been no ac-
| tion taken on it here. 1t also was
/ stated yesterday that the District At
torney's Office can obtain the books of
! Hall & Co, at any time, as they will be
/ turned over to 1t by the receiver, Harry
/ Zalkin, 81 Chambers Street upon re
quest,
On tho day Of the failure check
payable to Cass & APPEL, of New York,
/ Hall e. Co.'S attorneys, was paid by
tho Agricultural National Bank, Of
Pitts field, Mass, oVerdraWing Hall &
i Co. S account by $l00.