The evening world. Newspaper, July 15, 1903, Page 12

nD guage ; ’ i Jersey Chancellor Orders Reoeiver for Interstate Trust Company, Which Was Pre- | > Paring to Float Stocks and > Bonds for Many Millions. ah? LEONARD IMBODEN AT HEAD OF ENTERPRISE. BL ec, ee ; ‘Concerning Him the Attorney- General States “His History, | Character and Reputation Are | Such” as Not to Justify In- trusting Him with Funds. Considerable of a sensation was caused fe Wall street to-day over the action of ‘the Chancellor of the State of New © dersey in issuing an order appointing @ récelver for the Interstate Trust Com- ” pany of Jersey City, and restraining the foricern trom doing business, any men of prominence in the finan- ror are indirectly interested in the Interstate Trust Company, although | David O. Watkins, State Banking Ex- miner of New Jersey, charges in his Petition fied in oourt that the real in this and other organiza- forming a chain of banks and trust mpanies, !s Leonard Imboden, who § offices at Nos. 27 and 29 Pine etreet, . - this city. ‘After a long investigation, arising eit snnounced tntention of the terstate Trust Compatty to float $20,- of collateral trust mortgage bonds | increase its capital stock from $10,- “to $5,000,000, Mr, Watkins made a ies of aMdavits which be turned over Attorney-General Robert H. Mc- r. Armed with these aMdavits Mr. MeCarter went before the Chancellor in and put the Interstate Com- Dany Gut of business, temporarily at| fath | What Jersey Laws Require, Corporations formed under the laws | @f the State of New Jersey are sup- wife at Coney JOHN L. RUSSELL, MERCH Secretary of Journé &1 Dropped Out of Sight 4: a Thoigh the police and several pri-|nwanted-to transfer vate detectives have been at work for}other bank. J © almost five days running down bid been oustble clue, the mystery surroun the disappearance of John 1. Russell, ot No, 100 Lincoln place, Brooklyn, #02- retary and treasurer and next to tho largest stockholder of Journeay & Burn- ham, io as deep as ever. ‘The exhaustive search that has been made for some tenable theory to sc- count for the Gisappeararce has only complicated the problem, for every nev fact learned about the man’s affairs, his habits and his home lite, leads fur- er from solution. vin yeatigation has proved that not only are Mr, Russell's accounts in conneotion | with Journeay & Burnham perfectly straight, but that a conservative esti- mate of his fottune as made by a Bis tile company places it st $200,000 ly in the way of avatiable assets, Left Home Last Friday. Mr. Bussell was iast seen op-heard by his friends when he left” coin place house Friday the evident intention Istand. small package containing his keys reosived by express at 2 tee te 2 Fi if fn? { i, Hi i! i by z E o a A Es So fs i 33 i iia? a = $< | Journeay and Burnham. on comparing it with positively that it is not. ployed a private detective to to trace the sender of the package, as yet he has been able to learn nothing, Mr. Ruseeii is Sfty-seven years oid. He had been married to his present wife out three years, time of the marriage he widower for nine years. was a widow when she Mr, Russell has a grown-up who has lived for the last three in Milwaukee. She has come to York to help th the’ search for hep er. Mra, Ruasell said to-day tn regard to| ° the disappearance of her husband: 4 “I am utterly at a'loms to advance any theory for Mr. Russell's except that he has met with foul play. to have offices in that State. WWhis provision of the law 1s not com- fied with literally. The companies © ave “rosident a, in Jersey City, ig ia their main: offices are in New % K. ‘The first “resident agent’, of es Interstate Company was J. Levitt ; iges,eon of former United States Attorney-General J. W. Griggt J is connected with the Dill & Hardy, one of Wier pariners being James B. Dill, the ) 6*04 millionaire corporation lawyer. he connection of the firm of which » Dill is member with imboden was by one of the partners, Mr. in, as follows to-da; ‘In February, 1902, we were retained by ‘Wall street firm, members of the Btoek Exchange, to draw a charter for books and he wished to learn what prog- Even then I am only vaguely catching at a straw. * might call a model husband. his one thought ever since our marriage to get home to me after leaving the office. If he thought he would be even five minutes late he would telephone to me so that I would not worry. “Last Friday he had to get down to his office very early, as @ night force of clerks had been at work ‘on the poate | THE COMPANY'S AFFAIRS DOWN IN DELAWARE, (Special to ‘The Evening World.) WILMINGTON, Del., July 15.—Com- menting upon the action of the Jersey courts In the matter of the Inter- state Trust Company, Joba M Cars- well, af the Farmers’ Bank, and who is head of the Newcastle Trust Com- pany, says: “Last March Mr. ‘Impoden wrote to me aeking it I knew of any available charter which could be had for bank- resa they had made before the day force came on. He seemed in the best of spirits and looked frest and cool, de- spite the heat of the former days. Promised to Meet Wife, “As he kissed me before leaving me he said that I had better go own to the Butler has been Company sturted business and had for & eonsiderable time with him in the Board of Directors George R. Sheldon, Henry a mee Bey RANEY ‘ ate INT WHO HAS STRANGELY DISAPPEARED ‘occa iin rene a DEP THE UNoNs President Butler, of the Univer- They Prepare to Give Them 7 sal Company, Foe of the! Few More Days and Will Then Trust, Acoused in Court Ap- ' Rhodes, Edward C. eock and Charles M, Allaire, of New ork City, and Willlam D. Judkins, of Pelham Manor, N. Y., all of Whom ara stockholders of the corporation. The complaint charges William H. Butler, the president of the company, with being guilty of misapplication of the funds of the company in variou! particulars. It isyshown that the company was or- tock ‘The complaint shows that Willlam H. President since the Resume with Non-Union Men If They Don’t Submit. delay*in the bullding industry caused through the autocratic power of Sam Parks and other walking delegates in opposing the adoption of the arbitration plan. whieh suppresses the walking delegate, held a meeting p the principal question con- was the placing of a time Umit i whieh the unions may accept. At the conciusion of the conference Secretary Felig said: ‘Sevet ‘bricklayers’ unions have alguific: Intention of signing th peme meeting of the nlhe locals will be held to-morrow. night, when It is belleved that all will vote to sign the agroe- ment.” Several weeks ago the Employers’ As- ganized April 2, 1901, for the purpose |soclation authorized the Board of Gov- of engaging in the tobacco business and! ernors to fix & time within which the was capitalized at $100,000, and jater, on (May 16, 1901, increased its capital ‘bo $10,000,000, ‘arbitration plan, could be accepted and after which time, if were not ac- cepted. the contractors were to end the lockout and resume building operations by employing non-union and unlon men ‘alike, regardless of the unions and the walking Galen ee. Bee oro ‘That ts what of Governors espemeen “day, and a date may te to-day at} WARATES TO FORCE AIS W STOCKS Morgan, Feeling Results of Bear Raid, Will Go to Aid of Mar-| ket, and Wall Street Hears He May Clash with Rockefel-_| ler, Blamed for Big Slump. PRICES GO TO LOWEST THEN RISE AT THE CLOSE. | Gould Back in Street and Van- derbilt Will Return in a Week —Financial Houses Tested by! Committee of Bankers’ and Found All Right. Stocks were quite at the worst in the market to-day, and although a rally in the final dealings pulled prices up, the day closed with a loss. The list’ was hammered Inélscriminately, gilt edge | securities suffering as heavily as other stocks. ‘The daily sag to new low levels wes repeated and the decline In the inactive group were of the sensational order, In assigning a reason for tho steady wrumbling of valuss conservative | traders cing to the idea that Stand- |ard Oil interests are back of the big decline. It was said that Mr. Rocke- feller has a loan outstanding on 30, shares of New York Central margine! | to 10, and that he is after this stock. New York Central to-day sold down to 1125-8, and Wall street belleves Mr. | Rockefeller has an ambition to control |the Vanderbiit road. In the beating down of prices all the magnates of the market have been hit hard, and it was freely stated to-day that Rockefeller would soon find J. P. Morgan - arrayed against him if the slump was extended. United States| | Steel dropped away below its lowést| record this afternoon the decline swell- | ing the loss in these to 19 points in th recent movement. This it 1s declared has aroused Morgan, and the prediction was | made that he would be heard from. Mr. Morgan ts said to have headed a committee of leading financiers who In the last few days have made an exam-| ination into the affairs of practica:ly all the financial institutions of this city. ‘The inquiry, Jt was stated to-day on good aut y. disclosed these institu- {tons to be in good condition. Brokers look for a turn for the good, ft being pointed out that most of the | big men of the financial worid are now in Wall street, and with good business conditions prevailing in the country will not permit the demorallzation of stocks to continue. George Gould 1s back In the city and Willlam K. Vander. bilt sailed for New York from Bngland to-day. Some brokers expresse the opinion that the extensive covering of shorts .0- day indicated that the worst was over. value $10, at our store. from this lot to-morrow, Store Closes Saturdays at 3 P. B. erg €d, Furriture Bargains. Price Receuctions That Break All Records. lfon Cabinet Folding Beds, exactly like cut, National or woven wire spring; limit oae to a customer, ‘toot size, se QQ Hoot ° cial. 3.48 a SP 2.48 100 Combination Halr Mattri striped, tickin: in one or two parts, to fit any size be just the mattress for summer hotels houses ; reg- 3 75 J ‘ ular price $5.49; sale price, all Siz0S,....0..0055 Heywood Go-Carts, like illustration, with parasol, rod and patent foot brake; rubber-tire whee s; seat_uphol- stered with Bedford Cord; retails regularly at 6 98 $10.50; our sale price, complete. . oO and bolster, value special, th, 223c. 'r Rugs, reversible, best ‘grade— nes We shall decline to seil to dealers and will limit beautiful floral and linoleum patterns, 1 2 yards wide, and usually sold at 39 ceais per square yard, offered as a 2 inlaid and small designs; value 65c. per Bromley’s Smyrna Rugs, reversible,Oriental, floral, Persian and Turkish patterns 9 ft. wide, Oriental, floral and Pe. sian patterns, every color 600 All-Wool Smyrna Rugs, 5 ft. by 2.6 ft. wide, reversible, 1 44 » Seamless Kash 9x10.6 9x12 9.50 smenae cuantity to 25 vards to each customer. great special at, per square yard...... 373c¢ square yard, at,......... 2 9x value $13.50, at 8.98 represented, suitable for parlor, sitting room or library and all-wool knotted fringe, excellent assorthent to choose from; 10.50 Nairn’s No. 1 Floor Olcloth, in Genuine Cork Linoleum, 2 yards wide, tile 6 ° Rué Prices Reduced. is Rugs, 10.6 ft. long, actual value $14.50; special at. ] 0.00 value $2.50, at. 6.00 6x10.6 8.00 value $12.50, at value $14, at 35 Extra Large Dining-Room Rugs, 15 ft. long and 12 ft. wide, good, strong, heavy quality, reversible; value $9.00, at An Immense Sale of , WINDOW SHADES. Manafactarer’s Entire Sarplas Stock at Haif and Less Than Half Actual Value. This is an event that ought to interest every householder who has access to We purchased the entire surplus stock of the Columbia Shade Co. at a You can profit handsomely by the deal if you select The shades are exceptionally good, and are guaranteed Most of them have deep fancy fringe. Some have lace We have divided the purchase into phenomenally low price. perfect in every respect. inaert ings. All are tull 36x72 inches in size. three lots, and will offer the shades, complete with cords and fixtures, ready to hang, at the following absurdly low price: Lot I, worth 34c. Lot Ill, worth Lot Il, worth 45c. to 65¢., at 69c. to 89c., at. 1 19e Weehrsihsse} 29 139¢ Stern Brothers ‘ Interstate Trust Company. Subse-| snore, as 1 suffered from the heat. He it to the filing of the certificate of|aasa that he would join me later in / \imeorporation our ollents withdrew from ay, and we would spend the even- » the proposition and notified us to that} ing at ‘Luna Park. I have learned that R. Wilson, Brank Tilford, of New York, |< and James L, Richards, of Boston, but 4 i te fhe company Oy, Wiliam. Brokers, ofr instance, supponed to repre- sent the Lewisohn interests, were sald to have covered from 15,000 to 20,00) will start to t, possibly mot more than a week ben ‘the | igethe situation the police Special Values To-morrow in effect, and thereupon we withdrew, by ‘otice in writing, about April, 1902, trom » afy-connection with the Interstate Trust _ Cofpany. “We understood at the time that the fentlemen whom we were representing "were not satisfied with one or more of the associates subsequently brought into the transaction. Whether the difference was social, financial or otherwise 1s not now important, but the difference ‘The present “resident agent’ of the Ifterstate Trust Company In Jersey City is William 8. Baker, who has an office 4m the Commercial Baik Bulldiug for. Merly occupied by Mr. Griggs. Mr. Baker said to-day that he knew abso- Autely nothing about the affairs of the Interstate concern. He gets $20 a month 4m the shape of rent for representing ‘the company in the State in which it ‘was incorporated. Who the Incorporators Are. Among the incorporators is WG. Leon, of No. % West Fifty: Btrect, this cily, Vice-President of American Savings Bank Company, the eee Steamboa Company, the New fork National Savings and Loan As- S Bociation and the Acropolis Mining Company; President or f American Real Estate Title Guarantee a Yompany and dire the Durham Coal Company, the Bavings Bank, the Knickerbocke _ Sempany and the Seaboard d Bank. award efenin Hetiry FE. Hutchinson, of No. 118) Deap street, Brooklyn, president of the Brooklyn Bank and the Brooklyn a: Rockaway Beach Railway, trustee he yoort Savings Bank and Hamilton Trust Company and secre! fae Bx panpther incorporaior, Otliers.are Charles V. Eddy, of No. 70 t Forty-ninth street, president of Tenth and Twenty-third Street ‘Company; Amsl W. Strong, of ago; Charles B. Frick, of York, Pa., lative of H.C. Frick, the Steel 984 Burtis L. Abercam, of No. 2% and W. C. Koller, of Glen| ™ ing = Imboder the petition ey-General MoCarter states echistory, character and repu- be auch that no banking in- Urecelving the Aeposits of out- slustifed in remitting a large fey to be under the contro ment of his firm.” tne the German-| banking business and di the | Islor Steambont Company. | he went to the store and remained there until aoon. Before leaving he sent a boy to a bank to get $000. He saved these diMeutt! Bank and induced a rich young man to give bim his note for $15,000 for which he gave him a worthless draft on a Ne- braska Bank. This established the bank, and he accepted a deposit from a farmer and on this was convicted. Before going to Kansas City Imboden was pardoned by Gov. Hogg, of Texas, after having served two years of a louger sentence for forgery, He wan known there as a “wildcat™ bank pro- he defeated the but has been in! In the courts ten yi moter. sentence fo! Railroad, Claiming an Excess of * Funds, Sells a Big Block of ‘Notes to Finance Affiliated Lines. application seemed plete surrise. An official sald: “A meeting of the direstors will prod- ably be held to-day or as soon as th bot can be brought ther, Mr. I boden has no connect or interest. jrect or indirect, in this company. dollar invested in it.’ Weeden, pne of the directors rstate Trust Cor 7, male ie statement to The Hventog fternoon: attorneys have seen a cer- the charges of the Attor- of New Jersey I do not discuss this matter at length, I have to say is that many alle- 18 hed purporting to come ney-General are faise. hat the Attorney-General ements. Trust Com . which ts t has nev Tt 46 oMclally stated that ¢he Pacific Ratiroad Company, for pose of financing. requi fated compantes, have gold and’a half year 6 per Pacific, tt Is stated, hag | funds from tts own earn deemed it well under . tions to avail of i tor t efit of {ts aMiated lines, the earnings of which it ny, na* * | provide for the bully Wes on offered invested v Jone any not a single 1 t” $109,000, i The notes were: commission was nald.| terest which @old. half of which were » the balance with large tlona in thie elty. dollar on deposit: The Wheat Market. renewal of selling pressure in wheat morning was met by good support from pit sources, which quickly restored prices to last night's level, Chicago and St, Louls were the strongest mar- kos. Bears were not so aggressive and the character. of buying was better, Corn had @ steady opening, and soon advanced on the strength West, With Hatt pit rings, Fe SOR ew York's ning prices. were: Wheat-Jul. Reptonber 3 ember, tn CEPA Chicugo’s opening prices w: —Sepiembar, (3-8 to Trt stated, has no immediate’ need for money, but the subsidiary lines, more darticularly Southern Pacific, were Dressed for funds for Improvement, offered bonda, but because of existing gonditions in the stock market this was Geemed inexpediont. trolley system, which was recently to 4-4; December, 19 7-8, £81 quired by. @ou Pacite New York's closing pricés were: Wheat July, 841-4 bid; tember, 817-4 of- fered; December, 82 . Corn— September, 565-8 bid; ‘Decem- hicux Cloning. Driges were: Wheat —July; 76; September, 71; May, 79, Ci iy, ‘3 U.S: "Benteraber, id a pee: Ay, 194 cS pet Amemblyman Hughes Assigns. MRS. DORE LYON CHOSEN. Appointed Lady, ot New York Batiding a¢ St. Lowla Katy, Mra, Dore Lyon, Of this city, hay been SIQNOLO SUE |= : UNM PICA The Union, Pacis road Veale waa: intergets, | Mpa eee man were unwilling 19. co rt reed that Butler “ab- ites und controls the ac- 3 wer land par? serve hia personal uP LONDON. STOCKS BETTE PRICES. sbeerinae ore ’ . bad the feeling in lat the way it is now it is believed “objection will be made to it Of non-union labor. pide is determined and yet in the distance. Emer- son, MoMijan, chairman of the Conc’ ittee of the Civic Federation, ; Board of Walking Delegates the Duslness agents of. the four unions “accepted the ‘plan of arbi- Min. tand Sy threaten simiiar treat- the walking delezates of all who would bridle the au- walking delegate. eS CLOSING QUOTATIONS, shares of Amalgamted Copper. Mor- gan and Harriman brokers were said to have purchased largely of that afvorite stocks to-day, and George is gaid to have aided in supporting the market for Missour! Pacific and other Gould stocks and prevented a still furthor decline in those securities, The borrowing of $10,000,000 by the Union Pacific Railroad caused selling in the limes affliated, but there was an Im- provement later, Towards the close of the market the shorts turned urgent buyers to cover nd rallied the market stiongly. There were recoveries in the active list of between 1 and 2 points in St. Paul, Now York Central, the Pacifics, Minois Central, Reading, Pennsylvania, Balti- more and Ohio, United States Steel stocks and some others. St. Paul, New York Central, Norfofk and West- ern and Reading were lifted above yes- terday. This, however, was not until further wide declines had occurred, running to 2 and 31-4 in the Rock cee closing prices and lowest “yester ok ie pacman em eezeat ens FA Ferre i e Et 2 t+ldt BOPP EE, FS rage tit +11 V+t Fosee SeFFEcFeF ee Freche rere, sgaysagesceese? Be Fee a Island stocks, the Colorado and South- ern stocks and Norfolk and Westem and from 4 to 16 1-2 in inactive stocks, the last named figure for Generai Electric. ‘Tho inactive stocks made correspond- lngly violent recoveries, extending to 5 in General Electric. There were some recessions at the last and the closing was furiously active and trregular, New York Central was ciosed-at 114 1-8, loss of 1-4, after being down to 112 5-8 St. Paul rallied 1 1-4 and closed with a net galn of 1-4, at 140 3-4. American Sugar, Reading and Southern Paolfle each rallied about 1 point and closed fractionally over. Pennsylvania was brought back 1 1-8 per cent. and closed with a loss of 1-2, while apport was given to due Tights, and they closed imore and Ohio, Chi- down 1 per cent. tern, Denver and Rio . ilnols Central, Loulsville and Norfolk and’ Western, On- rio and Western, People's Gas,’ Rock Island, Southern Railway, and Tennes- seo Coal and Tron, after being down one to two points, were brought back and close’ fractionally under, The local tractions were off %k2 to 15-8 per cent. The Steel stocks rallted about ‘one point, but were down 1 6-8 to 13-4, Mirsourl Pacific lost 1 1-4 and Missourl, Kansas and Texas preferred 1 1-2 per cent. (Rock Island preferred was 33-4 under. Reading second preferred, St. Louis preferred, : = ESE a rs oe se 3 and San Francisco second Wisconsin Central and preforred, and the Wisconsin tssue closed off 1 to 2 x cent, Uriion Pacific was 3-4 under, x AB fle gained 3-4 and Canadian Pacific 1. Der cent, Amalgamated Coj {fon and United unvhanged. fa] creat ere data tee Men’s Summer Furnishings SOFT BOSOM SHIRTS, fine quality white, figured and striped Madras, cuffs attached or detached, best finish and perfect fitting, Value $1.50 75c¢ 75c CAMBRIC NIGHT SHIRTS, lightweight, white or colored trimmings, with or without collars, First Floor. West Twenty-third Street. SOROSIS Highly Boots, Shoes and Slippers. JAMES McGREERY & C0., TRADE MARK The Best Shoe For Men, Women and Children, ‘ recommended for The Shirt-comfortable. ‘ | Fancy Madras Negli warm’ weather dress, as! 7, 74 igé, all Sorosis leathers are, and White Madras Negligé, light, flexible and dur- mi cuffs on or cuffs povareee: This able. y is not a $1.50 shirt for $1.00, i A but it is the very best value Numerous models in ea aR PR ae as fit all men. $1.00. Bathing Suits of non- shrinkable worsteds, ‘$2.50 ‘Twenty-third Street. Sarre. Northern Securities Shows a Loss i ‘Weakness marked the dealings in the outside m* suffered a fractiona: loss. Sule Maes seis jd an securities were: American ‘Asmertcan Greene Copper Marine Northern Securities White Knob r, Colorado Fuel d& |New Orleans New Orleans tates Leather were ‘Ola Blovator Yorke Carhaxtelo. Three Cor. 13th St. BROADWAY | Cor. Canal st. Stores. CURB STOCKS WEAK. the Outside Market, Northern Se- The of the principal arket to-day.