New-York tribune., 1922-11-30
Broker Indicted
Tn Hall Failure
Freed ON Bond
Charles ]. Anasfasia Is Held
in SIS, 900 on Allegation
He Transacted Business
While FirmWas InsoIvens
Butcher Makes Complaint
Witness Says Company's
Books Taken to Law Of.
fee ON Eve of Bankruptcy

v
Charles T. Anastasia, one of the part,
ssrs Of Hall & Co, bankrupt stock
5roeess. whose operations caused COM
plsints to be lodged Wits Che District
Attorneys. Office by the creditors iiv-
ag in New York, New Jersey, New
hampshire and Massachusetts. was
keid in $4,000 bail yesterday by
Judge Rosa'sky in General Sessions,
following his Indictment on charges Of
grsnd larceny and doing business while
irselvent Anastasia surrendered TO
Detective Barney Food at the Criminal
courts Building. He furnished bail and
eft Immediately for Boston, where he
i now in business.
The complainant against Anastasia
wss August F. Grimm, who keeps q
Butcher shop at 3S8 Park Avenue.
fwenty shares of Union Pacific. ten
shares of Baldwin Locomotive and
sgenty-fve shares of Southern Pacific
stock to Hall & Co. for sale, and that
III the time of the failure they owed
Sim $500, which he was unable to
collect.
Books Removed on Eve of Failure.
In addition to the events ct the
Criminal Courts building, the sched-
uled hearing in bankruptcy proceed
ings was held before Referee Coffin at
Ell Broadway. The testimony there
showed that George w. Morse and
George W Field, of the former firms of
George w. Morse & Co. and George W
Field & Co., respectively, removed
books, records and furniture from the
oflces of Hall & Co. to the office of
Field Brothers, two floors below in the
30 Broad street building, on the eve
81 the failure, and that Field had told
eer.ain of the employees to destroy
copies of letters asking customers for
collateral on margin accounts.
George w. Field & Co. became bank
fupt several years ago. Field Brothers,
also in bankruptcy, was composed of
Fields sons, Leon and Kenneth.
Morse, who sold his business to Hall
Co. in 1921, paying them $4,000 to
assume 100000 in liabilities, was for
merly in the employ of Charles A.
Stoneham, according to the testimony,
and later of George w. Field. Stone
ham is owner of the New York Giants,
and sold his stock brokerage to E. D.
der, who is now awaiting trial as re-
suit Of the failure of Dier & Co.
Tells of Books Removal
The testimony as to the removal of
books and records from Hall & Co.'S
offices was given by Miss Lillian Fitz-
simmons, one of the employees. Miss
Fitzsimmons said that Field and Morse
eften came into Hall & Co.'S Offices, and
hat Louis T. Hall, Anastasia, Morse
sad Field discussed the business.
On Monday night, before the failure
vas announced, Miss Fitzsimm ens said,
the four. with Allen Birchall, an en-
ployee; Lea Hargrave, special part
ner; George Hergat, cashier, and her.
self. were at the Hall offices. Hall and
George w. Field, she said, began to re-
move some of the records and to take
them downstairs to the office Of Field
Bros These consisted Of the blotters,
the margin book and two checkbooks.
She saw Morse with one checkhook.
George W. Field had the blotters and
Hall the margin book.
Field then superintended the re-
sneval OF some Of the Office furniture,
Miss Fitzsimmons said. to the Office Of
Field Bros, including two desks and
Solne new typewriters. Leon Field had
previously removed an adding machine.
Cabinets Taken Out
Then they began moving out some Of
the filing cabinet, she said. These con-
tanned letters tC customers asking for
more margin and collateral, the card
index containing the addresses of Gus
toners, and lists Of names. The Office
boys carried the drawers of the files
downstairs one at time, Miss Fitx-
SIMMONS said, and then the cabinets
were removed.
Tae next day Miss Fitzsimmons went
20 Field Brothers office TO try to get
pay that was due her. She saw stuff
removed from Hall & Co.'S Offices the
night before standing around.
I see you have some of our furni-
taEe,' she said to George w. Field.
No." Field answered, "this is our
furniture"
As to the destroyed records, Miss
Estzsimmons said that Field took let
ters from the files to show what he
wanted torn up.
wake" On Night of Failure
It was at Field Brothers that Miss
!sltzsimmons learned that there had
been wake at the Hotel Joyce the
night Of the failure, which, she under
Morse.
Anastasia, Miss Fitzsimmons also
testified, had been anxious to pay off
teme of the customers, including
Ifimm, but Morse had declared "We
are not pay ng any more bills"
It was said yesterday that the pres
ent whereabouts of George w. Morse
are are not known. He formerly lived at
100 riverside Drive. George w. Field
Is Is believed to be somewhere in New
England. The next hearing will be
heid on December II at 8 o'clock.
1t. Col. A. G.. Thacher, of