The evening world. Newspaper, November 20, 1914, Page 1

} | Week Pa a as kis Siegel Got $ 100 000 Toa by —$—$ r NA EDITION ree ——— Sn Ce eet L he [*Cirentation 3 Books Open ) Open to to ai) AAS del ONE G1 ENT. Copyright, 1914, by The Press Pebliebing Oa. (The New York: Werld). NEW YORK, FRIDAY, ‘NOVEMBER ir} Alexander Says He Wouldn’t ** Have Granted Loan if He Had Known Truth. HIGH PRAISE FOR SIEGEL. Bankers, Editor and Ex-Fire Commissioner Called as Character Witnesses, vening Wo \ N.Y. Nov, 90—James B® Alexander, President of the Nation- @} Bank of Commerce of New York, pore firet witness calle dg. Mr. hie morning. as ta tial Ut Mr. Alexafidee eald be ort président of the tank wince Gept. 10, 1011. He Mret daw Siegel in April 1018. In relating the details of the meéting, President Alezander sald: (7¥ hen the matter of the joan to the YoOrteonth Street Store came up I sald to Mr, Slegel that we had hoard that ‘the bills of the Fourteenth street tore wore past due, that certain ac- counts had been put in the hands of attornepa, that accounts of the store ‘were pledged and that if this were true ‘we wanted to know about It bofore @eneidering the loan. “Mr. Siegel was very indignant. He @enied them and said he wanted to know where we bad learned such things. We told him we woul@ have to have a statement of the affhire of the Fourteenth Street Store and other ateres, 80 we would know the real condition of affairs, We wunted from | Mr, Siegel, 1 told bim, a written denial of the rumore we bad hoard. “He was also indignant over this Peqwest, but I said that we must have ® complete statement of the enter- prizes in which he was’ interestod. We promised to send such a statement * to me. The information be gave me Qbout the Fourteenth Street Store 8d Boston Store was that they were making money and that the outlook ‘was good. ae aubsequently sent the statements. ‘THEY WOULD NOT HAVE RE- NEWED THE LOAN. @ Sad you known that there was eay material inaccuracy on any one of the credit statements he later sent you, would you have renewed tho } ) sg at cout. loam of $100,000 or bave granted a new one? A. We would not. @. Do you remember any talk with Vogel regarding whether the inven- tory of each storo was taken at cost? &. You, be sald that they had been @. Mr. Alexander, if the National Hank of Commerce had known that instead of making money the several Siegel atores were losing it, you would got bave made the loans? A. No. yell by Mr. Stanch- ae Wh A. Io 19: Q. Your relations with Valentine P. Snyder, your pr essor us President the Commerce Bank, were close and intimate, weru they not? A. Yes, did you meet Mr, Vogel? @etinued on Fourth Page.) pata O’ooats & Sults, $5.95 : ee ote. ee ae @ You knew that he had relations ~ BANK PRESIDENT TELLS HOW | SIEGEL GOT LOAN BY SAYING ~ ALLHISSTORES MADE MONEY ALDERMEN JUMP ON MAYOR'S TWO $10.00 TEACHERS Men From West Will Get Well Paid for Six Months’ Work. It developed to-day during the meet- ing of the Finance Committeo of the of Aldermen to investigate the hiudigel for 1918, passed by the Board of Estimate, that two professors have been brought on from the West to or- gahize the vocational schools, and these educatore will receive $10,000 each for about elx months’ work. Dean Schneider of the Cincinnati Uni- versity and Prof. Willlam Wirt ef Gary, Ind., are the two teachers who have been engaged to do this work. Dr. Henry W. Bergh in his opposition to many |toms in tho Board uf Educa- tlon’s budget declared that this sum was entirely unnecessary. “Whore do thess mon come from?" asked Alderman Dowling. “One from Cinginnat! and one froin Gary, Ind.,” answered Dr. Bergh. | “And I understand that they are to receive $10,000 apiece for six months’ work?” asked tho Alderman. “Yes,” was the answer. “Lat thom stay home and take caro of their own,” said tho Alderman. “What are they going to do?” “They are to institute courses in vacational training,” replied the doc- tor. Ho then explained that it had been planned to have those taking the course give some of their time to book learning and then to go to factories and give a part of their time to prac- tical work, “Huh,” was the only comment of the Democratic leader, The committee closed the public hearings and will now go on with their examination of the heads of de- partments, It is expooted that the budget will bo reported to the full board next Tuesday. HOUSE OF COMMONS VOTES FOR NEW ARMY OF 1,000,000 MEN. LONDON, Nov. 20, 1.67 P, M.—'The House of ‘Commons to-day formally passed the vote for the supplementary army estimate, which provides for an additional army of 1,000,000 men. ; eel A ath SIX-DAY RACE SCORE AT THE 113TH HOUR. Laps. Goulett and Grend: of Moran and McNamara Fogler and Hill. ——— Former record Leading Bankers Plan New Security for Big Loan on Cotton. MEETING HELD HERE. Money Will Go Go Through Southern Banks to Re- Accused Woman Formerly Had lieve Planters. Leaders of the financial world met in the Federal Reserve Bank of New| monial disagreements, Albér: Gallatin York to-day to plan the organization | Wheeler, jr. son af the mililonaire of a new corporation to handle the| railway man, to-day filed guit in the $100,000,000 cotton loan pool that bas Suprema Court Agalnst his beautiful been raised by the banks of the North and West, to save Southern planters, They jemplate orgunization of an 6 per cent. investment. The certificates warchousod cotton written down itn price to four and one-half cents per pound, which is considered an amplv margin below any possible drop in price. Thoy will bear 6 per cent. in- terest and will be markoted tn similar manner to the recent 6 per cent, New York City notes. Cotton on the New York Exchange to-day sold slightly above seven cents per pound in the Docember option, levels. Washington for to-day's cotton meet. of the Chase National Bank and other Incorporated nsssaintin te inaduge the | dens Wi pool and to waus hott tétni Cét-| ‘The papers werd’served upon Mera. tifcates or notes which, Will be’ sold] wy), through the banks to the public 88 ®l ene tigte! McAipin. Bhe annouuced ACTRESS WIFE Millionaire Names Walter N. Greene—Former Claudia Carlstedt to Fight. COURT SEALS PAPERS. $100,000 Yearly Alimony After Separation. As tbo culmination to many matri- wife.and former actress, Claudia Te- rese Wheeler, naming as vyrespon- “N. Oreone, of Now Y ork. | ‘heeler to-day in her upartments in hor deterinination to fight tho sult. will be based O11 the County Clerk's oMice tho papers were inimediately sealed. An Clatdin Carletedt, Mra. Wheeler was in bigh favor with thoatregvers in this city a fow yoars ago. On her marriage in 1808, she left the stage and ‘was maintained in a beautiful home on Fifth avenue. But marital discord separated the couple a few months after the wed- ding, and Mra. Wheeler succeeded tn while later months were at higher {taining a separation and a yearly allowance of $10,000. She told the ‘aul M, Wart rg and W. P, G,|Court at that time her husband's Harding, two metubers of the Federal] Wealth was tmmense and he thought Reserve Board governing the new |nothing of carrying about a satchel banking system, came over from|which contained $1,000,000 in securi- tes wherever he went. Later the ing and met with Mresident Wiggin alimony was cut in half. In 1912, while Wheoler was ficht- members of the special committee ap-|ing again to reduce the alimony, she pointed by the Socretury of the Treas-|made the statement that her extreme ury to supervise» arrangements forjand unusual tove for her husband Jaunching the loun pool. had caused all the trouble between While the pool Is made up entirely |them, by voluntary rubscriptions from banks and trust companies, the Fed- y love for him was more than mere love," Mra. Wheeler said in eral Treasury, through the Keserveligy» «1 Jooked nowhere else for at- Board, will participate in its opera- tions and give the imoral effect of Government backing. There will b+ no direct dealing with planters and owner. of cotton, As- sistance Will be rendoied through the — ved that he had] medium of local bagks in the South, piel fee eth J eee gs | The Bourd of Extimate thie atter ADD: ound © Q iS whom sieshaabartaaent ae Sie recluse, My husband and his friends | noon authorized Street Cleaning Com- he association wil make advances ; = s though I’ were a mere! missioner John T Fetherston to be to these Southern banks to enable|'reated me as thoug Al them to greatly expand thoir loaus, [Child They thought T had no ine! gin registering a reserve force of Out of each dollar ioau — on cot. | Hllisence: 30,000 men to fight snow, They are ton, the association Will advance 75] Following this announcement Mra ruited principally from ott cents aud the local bank 25 cents, | Whoeler declared that she intended to Tne loan will be the planter | Ue her millionaire father-in-law for rimenta, and are to be on vottun at & cents pound As| stealing away her busband from her. & fifty per cent. increase over the association advances 75 per cent.| Sho suid she intended to suv for §1,- fewular pay of this and takes first lien upon the! 000,000 and thereby ¢ what Mra.| Those not eimpioyed in any of the patter ia wareholiae,, Me any Jonoph A Blake, wits of te fompun city departments who want to et Flees eet on Tur BAG | physician, did when she sued Ire. | ter ux reserve snow fighters will one-half cent cotton, Clarence Mackey for a million dollars senitior us renaeve and, Nebine Aisa These cotton loan certifvates, bear- | heart balm. Py « ing #ix per cent. Interest, are expected | “Gna made the statement that after hour shift and time and a half fori to become traded in froely in Wall! sno got the inillion—if she won the peyond ‘that period, Registering will Street, ‘and will be « new feature of | suit ane would Ket an absolute di- jowin Monday at pointe to be desig-4 the wecurity market begin Mon f ik The result of all this will be that! its own money, obtaining the remai ing 7 per cent. from tho Associati fund, payloy 6 per cent. interest ther for, Tho public will get a 6 per cei note for Investment, with low priced cotton as security, The Association takes first lien for Its protection and the Southern bank takes second lien for ity % per cent. of the lonn. ae are ? r Celera heet Tishets, vi aa rplive iiesaLare of s{tlon for sup cipal Employment Bureau would be | peging to fall « call for the registered | tentions, My every thought was for | him and of him, My whole life was | his and 1 was absorbed by him. It was idolatry. “after we had peen married a vores, a new husband and would have bables around the h the Southern planter will bo able to . | ’ Wheeler is a stock broker, Hix poBbaln @. (BAD: Loin is leat wealth Is said to amount to between Jeotton at six cents per pe Fefoon 00 and $3,000,000 Ja rate of Interest of G per cant, or | $00 ne #9,000,000, more, to be limited by the Federal | | lk Reserve Board. Tho Southern bank | Af . ones will huve to use only 25 per cent. of 8500 Job, President Henry Moskowitz, of the Munteipal Civil Service ¢ announced to-day that the intendent of the Muni- readvertised and that a maximurn age | years would be set thin This tete in Walter Line . acting superintendent of who Wan brought on. f(r | Bogton’ for the job by Mayor Mitc Jand City Chamberlain ruere. ears was dish ted ps, ie waty: feeelv. oy ES 50 | VON HINDENBURG’S ARMY DR RUSSIAN FORCES 900,000 STRONG GPERCENT NITES (WHEELER FILE WL VE SOUT | SUIT TO RCE 10000000 Former Actress and Wealthy Husband Who Seeks Divorce Mrs. CLAUDIA CARLSTEDT. WHEELER... 30,000 RESERVISTS | “TO FIGHT SNOMS ARE AUTHORIZED Will Be Recruited Chiefly From Other City Departments and Given Extra Pay. i. “Ctreulation Books Ope n_to All.?? 1 IVES BACK RUSSIANS CORNERED. Petrograd Admits a Retreat of F ty. able, both on account of the nature of the ground and | Canal. support of Gen. von Hindenburg’s attempt to crush Russian forces thrown back after their advance look after others. ——— |The Czar's troops SS ve ~ it will be up to the re- desperately all the mpete with the cloments, js they must be able tu y info the nearest sewers faster than It falls plans of Commissioner vised by the Board of Estimate, will SHOW FLURRIES HIT BROWS AND HARLEM | Main Storm, However, Promised by Weather Man Passes By Far other in East Prussia. The advancé upon Cracow c i|advanced four miles beyond Angerburg. nated by Commissioner Betherston, | The present snow fighting toree of | Manhattan, Urookiva and the ib ad which come under Commissioner Fetherston’s supervision, consists of} 6,000 men foremen and carters on the romular| pi ory , payroll ‘The plan adopted by the Board o | Estimate iy this: As soon us snow men The snow storm threatened by the euther Bureau yesterday flazied vut H ‘Hike uw badly made fire « In the Bronx there were two or! three flurries after 9 o'clock and those | There were stray snow flakes ip the air at about the same time in lower Commuters from the New Jerwey mountains reported soft snow falling | | there tn considerable quantity through | » melting as it fell, main storm passed to the northeast es are having | ‘Thess are the Hweepers, | one oe the coldest Nashville's temperature was {ten dexreon above ero this morning | and Atlanta's fourteen degress above, cal Weather Bureau to-day | received the following from Wash- | reserves will be sent out. Persons} A not employed by the city will tel *- reached through the police who Will, ings 108, M, {be furnished with Hats ‘Th will report no matter when the snow | coast; fo northwost storm warn. | for the next twenty-four hours, - | bewtos to fall. ice fay Sd will look after certain ——~2— sirens. The rallway companion wilt For RAGING 855 sone peed Crown Prinee attacked in vain wand as ata ae © Fal 4 WEATHER—Clear to-night and Geturdey; Ful NAT. EDITION PRICE ONE OENT. ¢ NV HEART OF POLAN S THE BERN VE Miles Toward Warsaw, but Claims Successes in East Prussii and in Cracow Section. FRENCH REPORT REPULSE OF GERMAN ASSAUL BERLIN, Germany, Nov. 20 (By wireless tdlegraphy " Sayville, L. 1.).—The. troops in Polatid, who hay fallen back fifty mildéa Van Hindenburg, are esti at 900,000, excluding those inthe Schirwindt region. The position of the Russian forces is consideted unf cause such large forces are concentrated within a com tively small territory. Report of another great victory bs pected. The War Office reports that French losses in the f near Bixschoote and Dixmude will reach 20,000. It is declared that 1,500 British were drowned in the PETROGRAD, Nov. 20 (United Press|.—Great masses German troops are being poured into Russian Poland & Thorn. — It is admitted here that the German troops have advanced approximately fifty miles into Russian ted in good order, fig _-ortance are also n racow lines and. Two other actions « full swing—one on the Czens * In East Prussia the Russian troops " declared to ighting is in ress in the Mazurian lake regions. The capture of a of guns and many prisoners is reported from the . headquarters. German Losses So Far in War Reported in Berlin at 1,250,0¢ LONDON, Nov. 20 (United Press).—Berlin military estimate the German losses to date at 1,250,000 in wounded and missing, according to a Copenhagen di received here to-day. This estimate, it is declared, does not include at a half million sick. The actual casualty lists, including those of § Wurttcmburg and Bavaria, show losses of 980,000. WASHINGTON, Nov. ‘Ten thousand Russian troops were « in the fighting of tho lust few days around Cracow, Kusslan Pal cording to official advices reaching the Austro-Hungarian Embasay, afternoon. Tho wircleas also stated that the Austrian troops had captured machine guns and several cannon, Allies Repulse the Germans In Three Desperate Charg JONDON, Nov. 20 (Associated Press).—The French War Q nounced to-day that iu the region of the Argonne Forest, where engagements have been in progress for the last few days, thrve attacks by German infautry had been repulsed. If the Germans should succeed ip pushing back tho/allies at that | they would be able to join forces with their troops which, further east, have thrust a sharp wedge Into the line. Such w junetion would'y | in the surrounding of the strong fortress of Verdua, thee fe eek ed igs