The evening world. Newspaper, March 28, 1904, Page 14

Pd ! mcr eee TR RT iB} i ) * PEGE Satin wae Pa ee ha he ~ SULLY BACKERS MUST TESTI Pools Constituted a Partner- ship in Law, Counsel Asserts, and Efforts Wilt Be Made to Hold Them Liable. AOOK EXAMINATION SHOWS THREE POOLS. Ray and Hawley Were in Two, but the Personnel of the Third Has Not Yet Been Disclosed y the Experts. That Edwin Hawley and Frank Ray ‘will be placed upon the witness-stand fm the Bully bankruptcy proceedings ‘and compelled to tell their part in the @isastrous Sully pools in cotton there is no longer any doubt. There was a secret meeting of the Bully creditors at the residence of one of them last night, which was attended by Receivers Miller and Teft and dl- rected by Samuel Untermyer. Mr. Un- termyer openly advocated the placing of Messrs. Ray and Hawley on the wit- ness stand. He told the receivers it wes their duty to do it, and if they did mot he would advise the creditors to do ft on their own initiative. He then fmtimated that if the creditors were loath to take such a course, Mr. Sully himself could be depended upon to do it. A Partnership in Law. ‘Mr. Untermyer told the meéting he was satisfied that the Sully pool con- stituted a partnership in law and that he was ready to proceed in the courts on that theory. Mr. Sully and his counsel, John R, Dos Pa: « of the advice that Mr. Untermyer was going to give the creditors. It was one of the first fruits of the open alliance between the fallen cotton king and those to whom he’ and his firm owe upward ‘of $3,000,000. ‘The examination of the books of the firm, especially the private books of Sully himself, has revealed some very startling things, In the first place it re- veals the existence of three pools. The first of these pools was curiously enough knowa as pool No, 3. It was formed in January and con- sisted of Mr. Hawley, Mr. Ray and Mr. Bully. At the time of the failure this pool held 90,000 bales of cotton, which had been purchased at about 15, In the closing out of thi «pool the ldss was $900,000, According to Mr, Untermyer’s theory of the law Hawley owes one- tiilrd of this amount to the creditors, and can be held under a copartnership for the entire amount with Mr. Ray. Hawley Claims Exemption. However, Mr. Hawley claims exemp- tion on the ground that the day before the Sully failure Sully let him out of this pool on his giving him a check for $80,000, which represented his losses up to that time. Mr, Sully never cashed this check and it Is now in the hands of the receivers, Between Mr. Hawley and Mr, Sull it will be in the courts @ question of veracity, Mr. Hawley claims that on the evening of March 17 he met Sully at the Waldorf-Astoria ‘and went over the situation with him. Mr, Sully agreed then, he says, to let him out for $80,000, Mr, Sully has not yet openly dented this, but it ts» said that hie creditors take the view that even if auch a ver- bal agreement was made it would be tneffective, especially as Mr. Sully never ‘ever cashed the check sent to him for this money. ‘Another pool which the receivers have @lseovered wan formed by Sully on March 1. It consisted of Sully and Mr. Ray. This pool held 2,000 bales when the failure came, and {ts logs under the closing out was $250,000. A third pool was formed on March 17, the day before the failure, but who the members were has not yet been made public. Liabilities Exceed $3,000,000. ‘Tho total Mabilities of Sully & Co. are gaid now to be upward of $8,000,000 but much of this ts outelde of the pool {ntereste and if Messrs, Hawley and Ray are held for any of the Sully losses ft will be for that part which was eaten up tn the pool manipulations. Applica- tion for an examination of Messrs, Haw- ley and Ray will, it-is said, be made to Judge Holt in the United States Dis- trict Court this week. A lawyer concerned In the bankruptcy proceedings said to-day that one of the interesting things to be revealed by the bankruptcy proceedings {s that one member of the Sully pools took out $900,000 in profits and never put up as much as a single dollar ot money. Sally Notifies Exchange. Jn accordance with the rules of the Cotton Exchange, Dantel F. Sully to- day notified President McDougall, of the Exchange, that he was still in the hands of receivers, but that he expected ultimately to effect a settlement with hin creditors and again become a mem- ber of the Exchange In good standing. Such notice must be given wirhin ten days of the failure of @ member. ‘To- day is the tena 4ay since ¢he Sully tollapse. Supt. William F. King sald to-day that Sully's action made him oligible for membership in the Cotton Exchange whenever he effects a settlement with those haying claims on him. The re- ceivers would not make any statement of Sully's affairs to-day. Expert Cuth- bert, in oharge of those at work on the books of the defunct firm, said ‘We can tell nothing now. I could yhow you a page of the hooks that would make a newspaper sensation and then another page that would com- pletely wipe it all out. Until we are i] through we will not know where we stand." MAN OVERCOME BY Gas. i Joseph Bellman, twenty-six years old, Bho tae end Third avenue, was found on yen § the ffice of a stable at No, b i This eet to-day, over- jas taken to the PR a Sa tadl so eee Stern Brothers _ Rich Clock Sets, Bronzes « Art Objects Suitable for Wedding Gifts Will place on sale to-morrow, (On Third Floor) At A to Ve Below Original Prices A number of Electroliers, Bronze Statues & Busts, Clocks, Porcelain & Pottery Vases, Curio Cabinets, Fancy Tables & Lamps, To-morrow, Special Values in Linen Handkerchiefs ~ - Men’s and Women’s Laundered Hemst’d Handk’ch’fs, 3¢ 8 ia.hems, 1 2°kach,$ 1.40 Doz. 19¢ « $2.25 « Men’s Unlaundered Hemstitched 24¢ « $2.75 « Hand Embr’d Initial Handkerchiefs, 48° « $5.50 « Women’s Embroidered and Lace Edge Laundered Handkerchiefs, Women’s French Hand Hemstitched with fancy embroidered ininital, Women’s Seasonable Underwear at Attractive Prices Imported Swiss Ribbed Lisle Thread, 29¢ Cotton and Mercerized Vests, Value 40¢ Imported Swiss Ribbed Mercerized and Ic Cotton Vests, plain and fancy trimmed, Value 65¢ 47 Imported Swiss Ribbed Silk Mixed Vests, with crochet trimming, Value 95c 59¢ Very Fine Imported Swiss Ribbed c Pure Silk Vests, with hand crochet tops, Vatee$t.50 98 Gauze China Silk Vests, handsomely embroidered and late trimmed, Valve $4.25 $2.85 a SPRING STYLES in Women’s Oxford Ties Gibson Ties and Walking Pumps in Tan and Black Russia Calf, White Buck and Canvas, Vici Kid, Patent Leather and French Calfskin. Bedsteads at Special Low Prices Best Quality. Regular Stock. Selections made now will be held until wanted. White Enamel, Bedsteads 53.25, 4.95, 6.45 with brass trimmings, suitable for Usual prices $4.75, 6.75 8.75 Summer . |Brass, $25.00, 26.50, 40.00 Furnishing Usual prices $35.00 to $50.00 Colbs win‘ ttimming, - $4.85, 8.50, 11.50 Brass, $22.50, 30.00, 35.00 MATTRESSES & SPRING UNDERBEDS. FEATHER PILLOWS AND BOLSTERS MADE IN THEIR OWN WORKROOMS. West Twenty-third Street. EMBEZZLER BACK — {STOCKS CLOSE WITH " iean securities, was announced tenfiay, FROM GERMANY! A PROMISING RISE Edwin T. Masterson, Accused of Embezzling $100,000 in San Francisco, Brought Back to This Country for Trial. News Factors Fiat, but Prices Hold Under Depressing Influ- enoes and Louisville & Nash- ville Leads Late Rally. Edwin T. Masterson was brought back from Kiel, Germany, on the Von Moltke, Hamburg-Amerioan line, to-day to an- ewer charges of embezzling $100,000 pre- ferred against him in San Francisco by the Continental Building and Loan As- soctation of that city, He was in ous- tody of officers of the German Govérn- ment. Nine months ago Masterson fied from Los Angeles when {t became known that the Continental Company had suffered great losses by the peculations of some man or men in Its employ. Pinkerton men were put upon his tracks at onoe and Sheriff Willlam E, White, of Los Angeles County, started at once for New York to see if the departure of Masterson could be blocked They were too late, however, and Masterson had already got away on a steamer bound for Hamburg. Ho was located after a general police search of the German Empire and arrested in Kiel. Owing to defects in the extradi- tion papers which WeFe forwarded to the attorneys of the Continental Build- ing and Loan Association in Kiel Mas- terson could not be removed, Sheriff White was at this time in many days recently where the tradin; volume, there has been such a dearth of news and of gosalp. Thre was some aotivity close str nogwith prices at the best. tral were the late features, One crowd contended that the purchas- business for Mr. Harriman and for Kuhn, Loeb & Co, was to enable these and other inti to sell other stocks under cover of the strength in the Un- fon. The other contingent held that the fort upon the part of the Morgan-Hill crowd to get control, and that the re- mainder of the mark back as far as possible to facilita accumulation. Railroad reports Germany, 80 he returned to this coun-] and Wabash and other roads made try, had the papers corrected and then | showings that were not at all pleasing went out again to get his man’ J. P.| Pittsburg sold steel tasues freely, which Connors, the Pinkerton man put upon] was not encouraging, even If the report the case, joined White to-day at the| that all (he rail mills of the corporation dock tn Hoboken, and together they|are working full time. brought Masterson to headquarters in — This ordinarily would have eaursd a much greater receaston, in prices, but yon will be taken to San Fran- cisco as soon as the papers are made out. Returning with Masterson were his family. pies LONDON BROKER FAILS, TONDON, March %.—The failure of HH, W, Harries, « small jobber in Amer; last hour, prices advanced. Loulsville sold at 108 1-4, an advance of 2 1-2, while Atchison wae up to 70 1-8, a gain of 1 1-8, St, Paul made an advance to on ee ae |Footed Comport.. |Bon-bon dish, Coa. chee Seldom has Wall street bee as fat as (cn it was to-day. While there have been |<: on the Stock Exchange hae been in less there have been few where in the final dealings: and the market |¥ Loutsville & Nashville and Ilinois Gen-|Nort, & Brokers were divided in thelr opin- |r fons on the buying of Union Paoifto. | f {ng of Union Pacifle by brokers that do | 2! buying of Unton was for the purpose of | {! accumulating the stock against any ef- to-day just before the beginning of the 42 1-4, whioh is @ gain of 1 1-2, while Union sold over the o} figure at $3.3-8, a gain of ch reall "bhigher, and copper J 3 THE WORLD: MONDAY EVENING, MA JAMES MCREERY & GO, Sale of Sterling Silver, best quadruple plate and Cut Glass. Sterling Silver. | | Teaspoons (half dozen) 4.50! Table “ “ “10.25 Forks 8 “. 9.50 Bread Tray.... «+ ++ 28.00 | Salad Bowl... ...... 26.50 7.00 + 3.85 Quadruple Plate Candelabra, 5 light. Bright finish .. s+ee 6,00 French gray finish. Value 11. Candlesticks (rixht nnish) Crumb) Setoze cscs “ “ Bread Tray (French gray), 2.25 375 375 (French gray), | Silk Candle Shades; various colors, 25c. each. Cut Glass, Sugar and Cream Set..3.75) Footed Bon-bon dish. ...4.75 Value Celery Tray.... 00 4. tue 6.00 Salad Bowl, various heayy cuttings... 3.00, 3.75, 5.00 Nappies, — various designs 1.50, 2.50, 4.50 ‘Value 2.00 to 6,00 Twenty-third Street. JAMES McGR EERY &CO Spring Hats, Selected and created with a view to artistic effect. The latest models are extremely graceful,— showing the new laces, draperies and use of flowers,—and indicate the more advanced ideas of fashion for summer, carriage, even- ing and “ between season” hats, Twenty-third Street. JAMES MeGREERY & CO, Lace Robes. Chantilly Net Robes,—spot or lace weaves, Handsomely designed with black lace motifs, applied silk braiding, and Liberty Silk or net, ruche edged ruffles, Models vary and are finished with deep graduating fall) of ruffles or with wide JAMES McGREERY & CO Colored Dress Goods. 2800 yards novelty Voiles, “champage ” tan, grey, and green, 44 inches wide. 65c¢ per yard, Value 1.00 Twenty-third Street, flounces, $23.75 value $30.00 Twenty-third Street. mtoel issues also showed in the advances, The total sales of stocks were 295,600 shares and of bonds $1,482,000. The Closing @ highest, lowest and cloal <1 from Satuntay from last recorded sale are © 40% 41 4 wat & 126% + 70% iB 0 a t 15 i 15° ine ee 3 28M aye 1h 42 wot RY 2h 4m m+ Be BS ls. yy 7, pies 3 425, May — ug MM + 18 rT a4 2g day + 1p 238M, oa + Dany ute + 4 218 ay + 4 8 NT + 1 wo toy 44 $1 ik 22% + $ oe 8 ay + 1 ee ar we iy Ite ' ye keatner os ak hi a U. B Leather Te ty Ty Tey 8 we ™ ST + COTTON MARKET, ‘The markat opened Irregular to-day, with prices 2 polnts higher to 15 points lower, This was due chiefly to the lack of support by many brokers who felt that the Liverpool cables should have been higher, and unloading by those who went shrort on the Census Burean report. July fell to 16.20 and May to but they later rafiled to 15,36 and 16.15 respectively, Outside of this pront- taking, the market seemed rather bare. Estimated port receipts were small, and the professional contingent was cautious about operations on the short side until favored by rather severe de- Clines in late cables, when moderate short sales occurred, holders taking ad- vantage of the bulge to 16.86 for July, Later it fell to 15.26, "The opening prices were: April, 15.05 offered; May, 1516 offered; June, 15.2 offered; Jufly, 15.87 to 15.88; August, 14, offered: September, 12.08 to 1204; Octo: ber, 12.04 bid; November, 1210 bia; De- eamber, 110 to . JAMES McGREERY & CO. Cotton Dress Goods, 3500 yards, Knicker Voiles, Plain white,—tan and white, blue and white, grey and white and green and white, | 28 inches wide. 35¢ per yard, Twenty-third Street, $160,000 NECKLACE STOLEN IN PARIS Property of Princess Alice de Bourbon Once Owned by Marie Antoinette Had Been Left with Jeweller. PARIS, March %.—The best detectives in France ‘are trying to locate the £32,000 necklace of Prifcess Alice de Bourbon, which has been stolen from her by a clever thief. The necklace Js famous, haying once been the property of Marle Antoinette. Before leaving Paris recently the Prin- cess deposited the necklace with her Jawellor for safe keeping. Later a man who sald that he was a confidential messenger of the Princess called at the Jewellers and presented credentibis whioh the jeweller thought ware genu- ine. He had an order for the Jewels, and they were turned over to him, So far the detectives have been bat- fled In their attempts to locate the neck- Ince ‘or to secure evidence that will warrant the arrest of the suspected thief. All clews point to a Belgian engineer. This man and the Princess have been negotiating for a villa which the latter bas wanted to purchase, Prince Jaime, the brother of the Prin- cess, has also had some dealings with thia same man, the Prince having given RCH 28, 1904. 6.50 tue 6.50 “ Extra large..... 8.25 1.50 Colors:—cream, navy blue, lavender, * LONDON STOCKS ACTIVE. Americans Lead on a Firm De- a LONDON, March 28.—American 51 were the features of ¢ to-day, they being active and firm on buying for the new account. Continen- tal s t was again in evidence, and Russian securities and bonds were trec- ly bought. bonds were unchang issues were a shade lower. alg! premium on the Trish loan, ‘The demand for new crop positions in the early market to-day caused July to advance sbove 9 cents, Traders felt satisfied with the cables from the for- eign grain markets and the fact that the shipments from Russia tailed to ex- ceed 4,400,000 bushels WEST 14% HKothenb To-Morrow Is Blue Stamp Dividend Day—Bring Your Book and Get AIS, $1.00 Worth of Blue Stamps ede The specials mentioned below should interest all New York and vicinity. Whilethe month of March has been memorable at NEW YORK’S FASTEST GROWING STORE, for its record- breaking crowds and record-breaking sales, TO-MORROW promises to eclipse any cther Tuesday in point of magnitude and great economy opportunities. Compare our offerings with those of other stores—we invite comparison—because we KNOW our values are ABSOLUTELY UNMATCHABLE. A Vast Array of Matchless Values. Easter Sale Women’s Handsome Sample Suits. 300 Handsome Suits, in fancy suitings, broad- cloths, cheviots and finest Venetians; Eton, blouse and coat styles, all richly lined with taffeta; beau- tifully trimmed; newest skirts, In this lot are 100 tine samples and i 200 copies of same in all sizes; values $15 to $18; choice at...+ e 300 Very Handsome Suits, including tinest model suits, in voiles, broadcloths, cheviots and fine novelty materials. in beautiful dressy effects, lined with rich taffetas in all colors and sizes; in blouse or Eton styles: values in this lot up to $29.00; choice at ° Sample Suits for Misses, worth from $12 to $16, at $7.98. You wMl never find a better opportunity than this, We bought nearly 300 Sam- le Suits for this sale. taffeta, satin or silk serge lined, pipings or tailor effects. Skirt in Spring styles. P They are made from all-wool fancy suitings, Venetians, Fheviots and other materials. Made up in newest Eton, blouse or coat styles, All the newest effects, such as broad shoul- ders, epaulette, military capes, &c. Trimming of newest braid combinations, e ) to $16.00; choice at... A Great Sale of Boys’ Suits. Boys’ $4.00 Suits at $1.90. Owing to the tremendous sales in the Boys’ Clothing Section Sat- urday and this morning, we're compelled to close out a number of odds and ends, which were left over by this great selling, in order to have space This is a rare opportunity, and it certainly will be It’s the greatest sale of ¢ Should at least look at the offerings for new goods, worth your while to get here early to-morrow. Confirmation Suits this season. before going elsewhere. The suits are shown in: Double breasted COMBINATION SUITS, ages 7 to 15. 1.98 Specials for Men. Men’s Imported Cotton Half Hose, in black, tan and black with double sole, spliced heel and toe; 25c. 19c LawaWalets, SAILOR SUITS, ages 3 to 10. SERGES, in blue and fancy mixtures, NORFOLK SUITS, ages 3 to 12, in fancy effects. All $4.00 suits, on sale to-morrow at Patent Medicines ‘And Toilet Articles. NO_MAIL ORDERS. CASTORIA (Fletcher's), bottle, ... HAY'8 HAIR HEA: white feet; value, at. . Men! or each at Men's Fin Sh HOOD" 1 LITHIA TABLETS, nm fronts; quality, at... pure briaties, apecta}.. ing, finished with double full flare, accordion pleated flounces, 98 Cc Jace ruttles and 3 clusters of fine tucks above; 1.19 Complete, with a set of first-class RhouRte Ww SOAP, 3. oak HATR: WRUSHES, Milli S) illinery Sale. $3.00 Hand-Made Hats at $125, This is the newest feature in black hand-made hats, shown in the season's latest shapes. Thecrown is made of loop spangle edge braid, and has a brim of tucked chiffon. Some stores ask $3.00 for this hat, and nowhere at all is it sold anything like our e price at Phin a wee $2.00 Straw Ready-to-Wear Hats, 98c. Beautiful combinations of the season’s newest colors, on popular shapes, artistically trim- med with tuscan rosettes, velvet, ribbon and (e steel ornaments; value $2. Taffeta Petticoats. We are confident you cannot match them in any other store for less than $5.00 each. Full flare flounce of accordion pleat- ruffles, at.....seeeeee ‘ Walking Skirts, in black mercerized sateens, highly finished; also biack and white stripes; ruche finish; $1.25 value, at.. ° Walking Skirts, made of fine cambric -with double flounces, trimmed with insertings of Point de Paris laces; $1.49 value at * . Morris Ghairs. W Highly Polished Golden Oak Morris Chair, like illustration, cushions, covered in a choice selec. tion of imported velours ; $10.00 value at for New Account. stock m: ‘The result was that Russian ed, while Japanese There was a ht recession in the which British: w quoted at 5-16. Other departments n Gen, ere quiet but steady. but Is Willing to Be Assessed | &°., rot $< i Bt i i . WHEAT MARKET, st week also had Influence. osing Balbriggan Underwear— Shirts with long sleeves, drawers with large double seats, strap backs and fine pearl buttons; 50c. quality, special, 3 for $1, it, derwear, in blu: ribbed and un- bleached — balbriggan; long sleeves, some self fronts and others silk drawers have large double seat: SCHWAB SWEARS Millionaire Declares He Is Not a Legal Resident of New York, for $5,000 Personality. Charles M. Schwab, stec! magnate, de- clared to-day at the Tax Department that he ts not a legal resident of New York, On the strength of this stato- ment Mr. Schwab's assessment on $100,- 000 personality does not go. Despite the fact that he ts building once inte Sizes 14 to 18. Values $12. Women’s Neckwear A magnificent assortment of dainty o neckwear shown in that fine woven material that shows the exquisite Lice E 98c Large Lace Cape Col- lars, in white, butter and arabe; $1.49 value, at... Fine Lawn and Lace Trimmed Neckwear, in jabot or bow effects, Special, each heavy ruche, long ends; 1 2.98 values, and higher. Easter Waists. We offer another large’ purchase White with the new pointed bertha over shoulders, elaborately trimmed with Val. lace. A by very Full-Dressy garment, a copy shirts hive from a fine imported waist. 5 Nothing offered likeit 8 this season except in high priced gar- Hosiery and Underwear. Women’s Lace Lisle Thread Stockings, 1 fine gauge, lace to the toe, double sole, heel and toe; 19c, quality, at...+.. 2C Women’s Low Neck Ribbed Cotton Vests, in extra large sizes, with ribbon run in neck 10 and sleeves; special at....... cos} Cc Women’s Medium Weight Fine Ribbed Cotton Vests and Pants; vests have high neck, with long or Short sleeves, and are elaborately trimmed with hand crochet silk around neck and down front; pants have French band and are ankle and knee 49c lengths; special values ai é 35c ummer Un- “390. Women’s Shoes, $1.19 These are immense Spring stocks, combining * very reliable workmanship, first rate materials, ‘They are Fine Dongola Kid Leather Lace Shoes, with patent toe caps, soft and flexible, sizes 24, 3, 3% 4, 4M Sy Shy 7, 8, per Children’s Lace Shoes at 49c. Good, worthy footwear, just the right style and just the right workmanship to give you permanent satisfaction. Thoroughly good materials; in sizes 6, 634, 7) 7%, 8. Special to-morrow (es at, per pair oe ° Linoleum Sale. byl 85c. Cork Linoleum, 49e. i} Our offer to-morrow will excel In 4 value even our phenomenal previous offer—t,200 yards of XX quality cork linoleum, 4 yards wide, in plain and tile patterns es- pecially adapted for large rooms. Value 85c per square yard, (2 at eee + CURB TRADING QUIET. Stocks wer with the Merger Im soos Claiming Attention, Securities in the outside market were shade lower to-day, with tfadin| . which sold of. ‘yactionally a . ‘Phe bid _and asked prices Of the principal outside securities were: American Can . Fer Sees Hin SS ry 3x, FER ERTS Pe FEE ‘aboard Air Line Seaboard Alr Lin Standard Ol 82230. 85080 Mad to Listen Firat, Corn was strong and active. It is ox- Miiding (From the Philadelphia Press.) pected that the visible supply will show | S.imegmiagent, mansion jon, Hiverside . Subbubs—Mrs, Skandlé was’ teltel a fair decrease to-day. ‘on the $100,000 tigure.. Ho expressod a story to-day about that odlows) jew York's opening prices were:) iis willingn: to contribute to the Alle yo Wheat—Jul, 98 1-45 tember, 858-8] uity’s exchequer, however, and agreed Mr, Subby See here! I thought you bid; May, 1001-2 bid. on’a compromise figure—$5,000. This was Chicago's opening prices _w: greeable to the Tax Commissioners ~Well—er—so I’ ao, but) —May, % 3-4 to 9; July, 871. Mr. hwab was allowed to set-|of course I en hate it thoroughly uns September, 821-2 to 823-4. basis, Ul I know just exactly what it Is, EL? to 887-8; July, B1-2 to 605-8; Sep: he tax rate at $2 a hun- tember, 60. oe Rr wh urd will pay “ae olty — Aes nf ‘York's clos! loos were: eat | $100 a ls pergonalty tax, May, 2o LR duly, ot tel: September, | Mr. Ee ee at ene tie Tus Omce| TO make business boom during ¢he, 61-4, Corn—May, 69 M 663-8, | early, alignting from @ huge red auto; | dull season it is only, necessary to sao was not, required jo wtangladvertise in the night place. The orkmlssion- Gunday, World 14 the right placa \