Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-02-23
80 More Brokers,
Offices Here, Fail

u
} unusnrJa about brokerage houses
vf0Ras nfires of Kardos & Burke also
Inc tcnt open until II 80 o'clock.
W.. This notice was posted and the
Soc@rss or '0 - Stephenson has been ap-
,..nd receiver for the firm Of Knrtlos
TWrrkc, and has ordered the discon-
nncc cf business. For further in
slnu"ti sln"tion apply to X. J.. Stephenson.
90 Rroadwny. New York;
.totcmcnt was made at the local
So o IN regard to assets and liabilities.
omS no cause for the failure.
~ Tbe firm Of Knrdos & Burke. Of
..h;cb John Bur.;r. formerly Treasurer
" Tho United States ami three times
Governor of Nortl, Dakota. il part.
nor, maintains branches III many ritrs.
n,.h,ijtics were given In New York rs
- "a non nnd assets ms SlJO. 900.
siii,n,nrdintcly following the announ'c-
.,nnt Of the rcccivcrsllip Mr.. Burke.
n.hnse home is IN Washington. an
ronnccl he had resigned as president
nvJ n director of the Progress Bank OF
Nnw York. The petition In bankruptcy
ras fed by Lawrence Il. Beatty, Of
| New York.
Girls Tried TO "Ccllcct"
Tho Ncw York office Of KnrdOs 4
n,rkc wns the scene of some excite =
mont when the 100 men and women
rorking there learned that the house
vas bankrupt. ~, ,u.,.
All. w,rcs bv carrying Office cu,llpmcnt
.nr ..." with them. One took a type :
Is;,or n second mn adding machine, Il
H;rJ a cord index. The receiver stop
,,,J ,br ryits. and cyulaincd that ON :
pS,rc, p,m m,,st tilc thcir salary claims with
H.,
mi Tho Chicago Office Of tho firm also
,.,, c,osrJ When :udcc lands named
rIn,rd Bucll nncillary receiver.
Ncws olso cnmr from Chicago that
i =, ,nucnj will BIZ made TO Louis Mont :
""mcrr KurdTs, Sr.. wealthy tat her of
.In ;nni,r member of the firm, for as
.;,tonrr.
III" .rl.'cr knrtlos retired rram the
firm in fnvrr of his son. and is now
tr,vclinc in Eurprc. Plilii, Dav:s.
Chirnro attorney. ha. sent him a
"oh'r,, nm. asking for mid. The lnwycr
nlid ir Dr. '''" Ai'' N"'"'S '''''o S'''
'"c r,h r,h,'r I RoSs ,ttorpcv for IS,r.
so h''S"' r,mrlc -. wcll y, for rho
pro,,cs, hank. snid thc bonk was IN
a. w,v involves, in tbc failure
~ ,ir Roas so;I ibc inflammation ne IN
Ohm firms financial rondition mpon
,.h;,, & ,ho rrnn"n,Iimrs worc b,sod wns
.'',,, WV" .,i. 81, ,n,I ,.;,,,,, ,i,t ,;,,,,
lc,vv withIr,wnIs nnd rnlls nv ems.
tmnrrs hnL rclurcd thc Jinbijiiic, 1o
.h',,, s7O0 ord IIc said n %o,,lJ nroh :.
.b,y hr fnunJ ,hnt tho assets "unon
"arrrn ,inuiI,tio,, vii xirlJ ,.uft;' i"ni
t",W crrI:tnrs. If M, in fmll nt irust
\ vrry sul,.t.uti,I d;,x,lrnd :.
I,ui. N Enr,lns .Ir thc oth,r
rorinr". unnouncrd hc olsn hod resigned
ss n director of tho prorrcss Hnnk'
Knrlos A. Burke hold n mcmhrrshin
on the Consolidated. Stock Exchange.
from which several firms hnyc brcu OK
mlcd recently in connection with Dis.
trict Attorney Banton's investigation of
complaints of bucketinp.
Mr.. Ross. in his statement discuss.
ing the failure. said II wns .',lue to In :.
adious propaganda. disseminated in the
various cities where Karlos Il Burke
maintained offices.
Calls Reports "Ex,pcer,,ed"
r,,,;., ,.
$50, Io''inr..'nS m'. %" ,nr H'>paritN Dc-
.;,a .m;v," ;ne"i'> "h 'lupi''tlcS az! assets
s sn." ',I ~ ,nn oai'kruplc: ~. "thl4n ana
n"ss ",HI',La" ,;h .i,o ra .ne urn user. VT.
aSn,,,rnta,,.. " III '''l W.T.: :. S,ns:!
snJ .rro,",,, Jn tm. ..;. ..Se VI .ana''.iSS LIZ
sna stoSsiS nhder'cstimntcd i'll the
The attorney declared that he was
ser.u'h , !hS S-M aSSSss 1Go would reach q mini :
xrm!. %",' VI %"T,voo whcn tuhds III the
hrr,i WaI.;' "' H.nlcnSo; iltts
Tos,nn hn,i hno' ''.uoe.pnla az"
ohe in ,I,n h",nn an. W '"'se "'aii
Mr.. Burke. whos" sipnoturc o,moorcJ
on bank notes issued from, carIv in
1919 until his rc.iun,tion a l;ttIn morn
than vcur oca dcrinr"'I tn,a " .'T T., more I"',
lost everything In ,hr r,Il.nSr nf ,L,
business, Hnnkrrs ,wh, had hocn o". nv,
socia,cd with him IN business wnrc
quoted n. sny,ng hn h',d hnnn ~, ..in
norcnt ,lurr.' in th" Lcycl"nmn,t 81,
the umazinr situoti"n rcrrnlrJ nv thn
failure. Wv
u,,,o.o , -,
sairS 'n arn ',,a'tnS ~ ..c nrin az
oa;oo "' s ., u" W. "'sc"S:'n Ht inc
coivor W !" N.Y.. ~" V'. X',1rne! !or Inc re-
.nMer ., III New l"rK To-Day. Legal ac-
arc mrmbc,s f thn Vow y"ri. St"a,. "u.
Exchange might If wov ;nt;mntoI h"
the scu,lcl of thc fo]l of thc hou.c ~,
Kardos & burke II was inIiTot toJ
that if these sHit, oro successful "h' tho
firm might nav its crr,litors LnIlar f"r
dollar.
.
"esa" us messenger
:, b'lrkr's partner Louis Montgomery
hardoS. wnS IL poor immigrant from,
Hungary nine ycsrs ago. md fOund his
trirt a" S,m W. VI. ''..''' nm"nv"' o's
Chi.s v, y. ,,'
tivo, ,,;'I " Hnm' ~ Tue ommt! "Wc'
whioL n f,n, I''''r .,'rn'S VI pitr ~.
with .n"',',a, '.'H. hau t"','' ~ hl"
tirntcd 'Sn,"'S Wnm" s Wien ,h ars orins inSes