Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-03-30
.TOBR|NG der CASE
BEFORE GRAND Jury
Broker Seeks to Block Criminal
Action by Appeal on
Denied Writ
ATTORNEYS CLASH IN N. Y.

Criminal action against the bankrupt
brokerage house Of II. d. der & Co.,
of this city and New York, whose fall
ure was one Of the most sensational OF
many In the last few months, Is prom
Used in New York City within few
| days.
District Attorney Joab b. Banton,
New York, announced today he will
take the matter Of the DER failure up
with the new Grand Jury, probably next
Tuesday.
f. d. Dier. head Of the firm. has en-.
deavored to block this move by bringing
suit in United States District Court Of
, New York to prevent the District At
torney from obtaining or the receiver
from giving access to the books OF the
,, brokerage house.
To that end DER sought restrain
ing writ from Judge Learned Hand.
The Judge refused to grant the petition.
and IL is expected the rule will be filed
today. which would give the District
Might Win Stay
The only thing that would prevent
the District Attorney searching the
books for evidence that might be pre-
sented to the Grand Jury would be the
granting Of an appeal for review, which
would act rs stay until the appeal Is
decided.
Dier served notice on the District
Attorney that he would appeal, and
asked Mr.. Banton to agree to stay
pending argument. The District At
Manfred ". Enrich. receiver. and
Arthnr g. Hovs. his attorney. both Of
New York. clashed last night with cred
itors at A meeting of more than 15O
persons who have claims against the
bier company in New York.
Mr.. HAYS addressed the creditors
and told them he is tired Of their in
situations that he is not doing all
in his power to get their money back.
1--WE didn't find fifty thousand dol
lars worth Of assets when we first went
into this case said Mr.. Hays, and
all the information that you have read
ana heSae .S .; ABOUT G W. no., No. per Jur ~. GU hr
me"
NJ r,, r,.,, n, e4.,.h.,,
Mr: rays demahded that cohnuence
De .s. snG"n IN niIn aia 'ne reGe.sia. GTsa.,a
"S S, my nS esaa soiu y" .""i'e'
a. ..St SIohena' ne % sau >, ,,..,,.oa
n Gn' .ou you n n..e,o,, g.. .post
- a,.' ,peei' Tte.. , i'a hr;os %
oiosh a. hatw.aau tho two ""
~ NJ St"neham % named os n sort ~
"s;iant asaociota,, ~ tbe Dior COM.
nans s,,s"' offsrsd % TO nnt W in ne 5000 @ ono V NJ
His share Of the assets for Jistribution.
..We con,d dissinate tbe assets in
,;tieation % :" continued Mr. Havs "And
~ Won want 70 do that I can make n
io+ ~ Money out of 4, bnt have n
nrofess;onal renntot,on r. maintain.
personaliv tbint Dier md his hmnch
hroi,a orcr,, lovr On tho hooks All Tho
roca;vsrs ;n ths wo,,d con't S.en neonie
o"t of isii W. have noth,nr % 70 do
u,;.h tbo. Wa s,mn,r ;ntarsstad ;n
n.t.i,n ali .h. ,nonar tcr rn,, ,hat ra M
sns so. "a a. ra,, ,n' @ @o,'iy ho M S..... ae ,s
tSa.o m. 1am nnu .0u ~Uuu vaM,s NC ovh CIV O -
o,e With ms ,ns,cad 90 Josna ~, thav
a.u ar 49, ". nr,h.unas. - !" "o'Ae "N 'A''
"a" ~ e'Da' u''
statement Cheered
Despite the fact that most of those
at the meeting went ostensibly to pre-
, pare for litigation outside OF the efforts
of the receiver. Mr.. Hays statement
was cheered. Mr.. Carpenter interrupt.
ed him again to ask how much he
Thought r. ID. DER could raise.
"Not a cent" replied Mr.. Hays. "I
think he was fool enongh to raise nil
he could 10 keen the company on Its
! feet In the last few months before il
went down"
How about getting more than the
! 500 600 out Of Stoneham?" asked Mr..