Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-04-10
GRAND Jury TOGET
APARTMENT DEAL
Higher Ups" May Be In
volved in Parkway Prof.
ect, Says Rover.

| Evidence growing out of the financing
Of the Parkway Apartments, which
| failed last Spring as a cooperative
project with loss to apartment buyers.
will be presented to the District grand
| jury, it was revealed today by United
States Attorney Leo A. Rover, in an
effort to obtain indictments against
Arthur M. Suit, the promoter, and
possibly others higher up" in the
| financial transaction.
Suit was apprehended last February
in Harvey Ill, after long search, and
has been held on $4,000 bond awaiting
a preliminary hearing before Commits
sioner Needham c. Turnage on
charges of larceny after trust. Several
times hearing was waived, and yester-
day it was waived again at the request
of the United States attorneys Office.
Mr.. Rover explained today that he
had instructed his assistant William
A. Gallagher, to prepare papers in the
case for the grand jury which was
sworn in last week. Suits preliminary
hearing had been postponed from time
to time, it was explained, because the
apartment house promoter had given
useful information to the government
bearing on the financing of the building
and expenditures which Mr.. Rover be-
lieves involves other sufficient evidence
to make out case for the grand jury
No further attempt at preliminary
hearing will be made.
Probed by Congress.
Since the failure of the apartment
and its subsequent foreclosure sale, the
severe condemnation by the Gibson sub
committee of the House.
Search for Suit, who was president
of the Parkway Apartments of Wash
! ington, Incorporated, and who acted in
| the sale and general management of
the apartments, was started when the
| first warrant, charging larceny after
| trust, was issued on June 26 last. Suit
| was finally arrested in Harvey, ILL.,,
February 20, and brought here to face
! charges.
| In a statement to the police Suit de-
| MED having converted any funds for
| his own use. Money in the apartment
house transaction, he said, had been
| lawfully spent on the building for oil
burners and other equipment demanded
| by tenants. During the months of the
Nation wide search for Suit the pro-
moter had been as far West as Los
| Angeles, leaving there in November and
ROInS u NIllCdSO dAiu 1AiC FASAAAAVS'
Warrant for Promoters.
Two warrants are outstanding against
| the promoters, issued by the District at
torney's Office on complaint OF Mrs. M.
J. Balm and w. j. Manning, who pur-
chased apartment homes in the build
ing.
The Parkway failed as cooperative
project when only 80 of the 80 units
| were sold to tenants. Last Spring the
| tenants discovered that curtailment and
| interest on mortgages on the property
were delinquent and that number OF
service bills were overdue.
| The property was advertised for sale
June Is, but there being no buyers it
was again placed on the auction block
/ in July, and according to testimony be-
| fore the Gibson subcommittee 1t was
bought in by second trust holders. who
later sold the property to other in
| terestS.
Custer proceedings were filed against
Is tenants who failed to vacate Novem-
Der last and in conformity with an
agreement they had signed to give up
| interest in the property after expira-
ton of four months for which rent was
waived. The tenants lost their fight
in the courts.