New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-06-03
Lusk Got $1,000,
Dier's Cashier
Finally Recalls
Fred Andrews Says He Paid
Money to Senator for Le-
gal Services in Trying to
Get Ticker Restored
Sioneham Securities Lost
Lockwood and Dunnigan
Mentioned as Witnesses
in Bankruptcy Inquiry

State senator Clayton r Lusk re-
ceived $1,000 for legal services in con
nection with the efforts Of Elmore y.
Dier. head Of the bankrupt brokerage
house % =. d. Dier 4 Co, %
have his tickers restored after their
removal by the Stock Exchange in
May. 1921. according TO Fred Andrews.
former cashier Of the 6rm Andrews
was again on the stand 81 the hearing
yesterday before Seaman Miller.
referee in bankruptcy Unable 10
confirm or deny the transaetion at a
previous hesring, Andrews testified
Yesterday upon examination by Arthur
G Hays, one OF the attorneys for
Manfred ". Enrich. trustee IN bank
ruptcy. that he himself paid Senator
Lusk the money and vas later REIN.
bursed by Dier.
Present at the time. Andrews said,
besides himself and Mr.. Lusk were
Senator Charles {. Lockwood. Senator
James J. Dunnigan and DER. The check
covering the payment, Mr. Hays said,
was dated May Il.
Andrews admission came during
the questioning Of the witness regard
ing $4,000 In checks which he vas
asked 20 explain Andrews said that
the one for $4,000 he had received IN
repayment by Dier for the check COW
erng an equal amount which he gave
Senator Lusk. He did not know when
he paid Mr. Lusk the money whether
he was 20 be reimbursed by DER, he
said.
Kept Speculative Accounts
What has refreshed your recellec-
tion OF this payment TO Senator Lusk?'
asked Mr. Hays. who held the check m
his hand.
~ simply remember that | gave that
check 20 Senator Lusk," replied the
witness. He added that the payment
was made in Senator Loekwood's Of
fec.
who made the arrangements for the
payment 10 Lusk?" asked Mr.. Hays.
II did" answered she witness
promptly.
WAS this your personal trsnsae-
tom asked Mr Hays.
"lt was supposed 10 be my own per
sonal transaction. DR.. DER paid me
back because he thought the firm
should pay"
Mr. HAYS then Intercepted the wit.
ness regarding his speculative accounts
with f. ID. Dier l. Co. and with Hughes
& Dier. the latter being the firm
name prior 10 Colonel Hughes's retire.
nt.-ta 10 daNelOnad
that Andrews held numerous accounts,
some in his own name. one in the name
of mis- son. Bernard ". Andrews, also
An employee Of the firm, and an account
in the maiden name OF mis- wife, Rose
Tovle. There was Erred Andrews
account" a Erred Andrews privilege
account" Erred Andrews special ac.
count and accounts in other names, all
OF which Andrews ran as his own, with
the knowledge OF the firm, which also
traded on them, and with the author.
ity OF his son and wife 70 endorse their
names 70 cheeks.
stonehsm Securities Missing
Dier protested. said the witness dur.
ing yesterdays hearing, when he An
drews) refused 10 90 "hfty-hfty" with
him on the transactions In which be,
on his own account. rolled up profits.
He denied that he never put up secu-
rity TO cover his margins on the pur-
ehsses he made. The margins, he tes'
tilted, were covered by Liberty bonds in
the case Of the account In his vife's
maiden name and by privileges In other
OF the accounts.
Mr.. Hays brought out that several
pages were missing from the blotter Of
y. ID. Dier 4 Co., and that these pages
contained the lists and numbers Of Sc
curities delivered by Charles A. Stone
ham 10 the firm when Stoneham & Co.
went out Of the brokerage business.
August Stroh, Andrews son-in-law
and former bookkeepsr Of the firm.
was called to tell what he knew Of
them.
Stroh confirmed Andrews statement
that he had had them, adding that he
sent them "up to the bookkeeper's," ;"
and didn't know what disposition had
been made Of them after they left his
hands intact in the blotter. Mr.. Hays
said following the hearing that the fact
the pages we're missing in no way re-
iected upon Mr.. Stonehani, as he (Mr.
Hays had q record OF the securities In
question, and that II appeared some
one had torn out the pages thinking he
could make un OF them.
The securities entered on these