The evening world. Newspaper, January 7, 1921, Page 11

q big Asia oF FREE BANKERS WHO ROB ALIENS TO BE PROSECUTED Special Bureau Organized to Bring to. Justice “Sharks” Here. « By Martin Green. ‘The Evening World's revelations of the methods of immigrant bankers, brokers and agents who are making mense fortunes by manipulation of foreign exchange, promotion of imm!- gration and gereral transactions with foreign-language-speaking residents! of New York have inspired the for- | mation in the District Attorney’s of- victimized. Joab B. Banton, Chief Assistant District Attorney, realizing that be- cause of the wide ramifications of the transactions of the so-called bankers, agents and brokers, the mixture of complaints against them with routine office work would cause confusion and delay, has designated Assistant Dis- trict Attorney William A. McQuaid to sideration of money dealers. Mr, McQuaid has al-| ready taken up several cases and will Courts Building. “I am in hearty accord with the| work of The Evening World in its} attempt to remedy conditions which) appear to have permitted the whole- sale fleecing of the ignorant foreign- born residents of this county,” said » Banton. “I am amazed at the imber. of complaints which have eached your newspaper and at the idness of the operations of some of those against whom complaints have been made. Where there have been Violations of the law this office will institute prosecutions.” This is an important step in the direction of protecting a class that has been preyed upon with impunity | for the reason that the people com- posing that class are out of touch | with our language, our institutions and our methods of government. By insidiously spread propagenda the victims have been deterred from seek- ing relief from the public officers and the courts. Cases in which redress has been sought through civil suits have not. been encouraging in results, It is hard to get lawyers to take such cases because the vietims are nearly always poor and often hysteri- eal and painfully verbose. Criminal action against men who have exploited the misery and distress in Central Europe during and since the war will have a deterrent effect. Heretofore threats of prosecution have been met with challenges to go ahead and prosecute. With a special bureau in the District Attorney's of- fice to devote its attention to the traf- tickers in ignorance and poverty a e® situation has arisen. ) There has come to the attention of The Evening World a branch of operations which, from the number of complaints that have been made, must have been immensely profitable, This wag the sale during 1915, 1916 and 1917 of war bonds of the Central Powers. Hungarians were particularly sus- ceptible to the blandishments of the New York dealers in war bonds of heir country. I have seen advertise. ments of a New York private banker imploring Hungarians to buy bonds which are dated in the latter part of March, 1917, two weeks before the United States entered the war. THOUSANDS BOUGHT BONDS, DIDN'T GET THEM. Thousands who bought these bonds nave never received them, They hold the receipts of the bankers for the money they deposited to pay for the to bonds. Many of these receipts show investments running into thousands of dollars. ‘There wag little doubt in the United States in the month of March, 1917, that the United States would actively engage In the war against the Cen- tral Powers. The private bankers must have known that the refusal of Germany to agree to restriction of \ Yer submarine activities would in- xjtably drag the United States into conflict. vertheless, bankers in this city accepted money for Hungarian and Austrian bonds right up to the eve of our entrance to the war, They j knew they could’ not sent the money to Europe, They kept it and 1 it during the war. ‘The bends are now practically worthless, The countries that issued them are Lankrupt and will be paying their debts for many years to come SOLD BONDS THEY COULD NOT DELIVER. s form of financing must have netted millions of dollars to the New York bankers who engaged in it. The sale of the bonds was perfectly legiti- mate up to the time this country en- tered the war. But non-delivery of Sas T the bonds ts another matter. Several cases tried in the muntetpal courts have been beaten by the bankers, der circumstances which appear to be peculiar, to say she least, Th cach of these casey. the banker sued has premised to go to Europe and yvt 4 Lape, SR a coast oe eee chased, ‘The Evening World is in possession of the facts avd documents in the case of a Hungarian who $3,000. with a New York private banker for the purchase of Hungar- jan war bonds in March, receipt shows that the bonds were to| have been purchased through a nal | in Budapest. He is a man of some importance and wealth and he went to Hungary about six months ago, Through th: influence of rejatives in Budapest he fot to the records of the bank which was supposed money he paid the New York banker. | ‘There was nothing in the records co show that the New York banker had ever sent that $3,000 to the Budapest bank. to. New York and the banker will prob ably refund his money. who gave up their savings cannot go to Budapest. SEND DOLLARS INSTEAD OF | ‘The Evening World has received ve- hement protests from private bankers fice of a special branch to handle tho and money dealers against the asser- complaints of persons who have been tion which has been made by this | newspaper money to their people is Centra) Eu- rope should send dollars. The protest- | of Outober, to ants assert that the rate of exchange in New York js more favorable than the rate $f exchange in Europe. The experience of Frederick Son-_ nenscheig proves the contention The Byening World. last year he went to many of the| leading banks and numerous private banks and money brokers in an ef- devote himself exclusively to the oon-|fort to send §700 to a relative in complaints against Vienna. None of the banks, from the nigh | est to the lowest would transmit col- recelve complaints at the Criminal jars. They insisted on selling him | Austrian crowns. Finalily he sent $700 | the Vienna Bank through American Express Co., which charged |him §7 for the transmission. Yesterday he received a statement | from the Vienne Bank. It ghows that, on Dec. with 420,000 crowns for his $700 Amer- team money. trian crowns would have cost him "1,025 in New York. lars to Vienna, saved $325, the bonds ‘he claims to have par-| DEBS TO BE FREE SOON ON PALMER invested | 1917. His cil, ney General P litical prison: leased soon. He told his to have received the stating that t This man has just returned But the poor FOREIGN MONEY. : | Pennsylvania port 8.7 Per C that persons — sending | cent. Pennsylvania ‘atchers who of | bile ah or In October of | #4 Pennayivant dh ber of grad have watchers place and time | PUT HIM IN, the Mrs, Joaquin boarding at No. Brooklyn, is 13, the bank credited him she h lations Court in of being $780 in ber support. 6st she was unable $780, Mrs. On Dee. 13 420,000 Aus- By sending dol- instead of crowns, he Aug. 10, 1900, Up to last | 8 business in © the complaint a mat the he from but Mrs. de ‘to live with her. LLL TT TTT John Sullivan, Labor | Labor Leader, De- | clares All Political Prisoners Will Be Pardoned. John Sullivan, President of the Central Trades and Labor Coun- at a meeting last night in Beethoven Hall, sald that Attor- that Bugene Debs and other “po- received a letter from Mr. Palmer, lay in granting the release was the technical _cases. AUTOISTS INVITE | CROSSING DEATHS ing Over Them Art Careless, | Analysis of reports show that 8.7 per! | of all automobilists driving over grade crossings failed, during the month | ne Of the plans adopt its campaign to reduce th crossings accidents, Mrs, de in Torre Secke Heihanass| Release From Jail. exerting ¢ have her husband released de la Tor Mr. Sonnenschein has sent at var- | fer fatner, Rdgar fe, Duryea, who. died | fous times to Vienna sums agere- gating a large amount. October he always sent crowns. He thas checked up and figures that, in [all transactions where crowns were | Nt that \bought in New York he paid one- | husdund. for non-support third more for them than he would | returned have had to pay in Vienna. said she believed bad offered him. financial would not had la ‘Torre sald he h Motor Ford Palmer had promised ers would be re- hearers that he had he sole cause of de- requirements in the Railroad Makes Re-| Sent. of Those Driv- | observe proper ace Railroad Con: statement was issued upon ‘owners in Now. Jeri ey | a by the rail- num- | js to} ort the license nu o | crossing 7 bsag> led to State offic: pent to the owner of his , WANTS HIM OUT. ‘Torre, Clinton ry la who Avenue, effort to} from Sail, him committed A de 135 nad he said y to put up a bond for expects to the wil leaving about $800,000, | another woman id for Me and that she mi: inst him to sea sue for a divoreed her De In Torre | Cuba two weeks ago, | fused | 947 Third Av. 920 Ninth Av. Where January Sales | FORD PLANT AUDITOR QUIT, Conditions» Made Connec: | ble, Saye L H. Turrell, PROMISE, HE SAYS | DETROIT. Jan. t-—Louls H. Tur- rel, for nine years chief auditor of Company, has re- igned, recently in the Great Sacrifice Sale! ALL OUR All 27 Cortlandt Street, IKRAMER BROS.,,"< Quality Meats : Provisions: Poultry FRUDAY AND SATURDAY Lea of Muiton ~OR Fresh Shoulder Pork Calif. Ham Style Cut 20¢ LB. RESTAURANTS, SHIPS AND FAMILIES SUPPLIED ‘| Office & Warehouse 517 West 16th St. BRANCHES: Cor. Greenwich Av. & Christopher St. 93 Amsterdam Av. ,nr.64th St, 135 Columbus Av., nr.6ith St. «nr. 57th St. 383 Greenwich St., nr. Battery Pt 132 Broad St., nr. South Ferry nr. 59th St. 777 Eighth Av., ne. 47th St. On to The Children’s Department ! Offer an excellent opportunity for real savings Infants’ Wear, Girls’ Middy Dresses and Children’s Shoes. forgotten, and so we ha janned splendid values. Middies and Skirts for Girls Priced Remarkably Low $1.75 each Made of good quality white Jean. ‘We believe that paises rush of New Year reductions for the grown-ups Palmer linen. Collars are braid trimmed; 6 to 20 years. sizes 6 to 14 years, Palmer Linen $2.95 Middies with braid trimmed collars and cuffs, yoke model with emblem on sleeve. Skirts full pleated on a Sizes 6 to 20 years. body; sizes 6 to 14 years. White Sweaters, $3.95 Lynx and cardigan stitch— slip-on and coat models, Middies in all white, white with navy or white and Skirts are pleated on a bod: sales for them at the same time. — Warm Knit Wear For Small Tots Leggings, $2.95, $3.95 White and colors. Fourth Floor Store Closes at 5 P. Unusual sales, $55, $50 & $45 SUITS Guaranteed All Wool Hand Tailored Throughout to go.at Sixth in Condit! t It was impossible to stay, Turrell said, adding that his reasons | were similar to those resignation of Frank | President and | L, Klingensmith, eeneral manayer. Corner Church Street. Hudson Tube at Corner. the children should in which you wi had bee which resulted Viee Avenue t. at Door ot be find Children’s Shoes at Reduced Prices Infants’ Orthopedic Lace Shoes hig and Button black kid,'white buckskin patent leather with white or black kid tops. Sizes 2} Sizes 41 High- Sizes 11 Sizes @ to 4 io 4to8 seeee s’ Shoes Black Girls’ Shoes laced 4 10 2 2% two7.. Infants’ Shirts, 50c¢ and 95¢ ford & Taylor 38th Street FIFTH AVENUE 39th Street tyles in dull black. $3.50 $4.25 dull leather, $5.50 $6.75 $5.75 $7.50 is eee] Mtr. | Open Evenings at 23 W.42d St. 23 W.42d St. In Newark: 27 Fifth Ave. 7 hang 775 Broad Se. At 38th Screet 23 W. 42nd St. Bet. Sth and 6th Aves. Now! Victrola : Outfits SPECIAL! b (As Illustrated) . | 4 ‘ Genuine Victrola IX $75 $ | i Cabinet, SPECIAL 30 | t \ Records (your choice) 10 | Ai) Complete Outfit $115 Onty $5 Down DOWN HWY : um j Cabinet may be purchased separhrels Other Victrolas on Special Terms i ot $25, $35, $50, $75, $125, $150, { ig ie ne Sa ts a $225, $273, ‘and. wo. Poried M ! Mail Coupon N, “Some, Models to $1500, F LANDay ow If You Cann - ‘Wi Wikar aoe ot ae By Special Arrangement if ! eto Jo do 20 my pat ang I this offer can also be had at Wie NAM & Smiths: 945 So. Boulevard ! M > : ' YONKERS | i TEES AE a HH] uw | 1 Stern Brothers West 42nd Street {Between 5th and 6th Avenues) West 43rd Street Phenomenal Values ina Sale of BOYS’ CLOTHING High-grade, seasonable assortments at most extraordinary savings Boys’ Norfolk Suits NOW $9 75 $20.00 Values Students’ First , Boys’Serviceable Norfolk Suits With extra pair of knickerbocker trousers. Sizes 8 to 18 years, $30.00 VALUES $15.00 LongTrouser Suits Fancy’ Wool M Blue Serges. os 15 to 20 y $40.00 _\.".LUES $24 SCHOOL OVERCOATS— 10 to 18 years. Value $30.00. BOYS’ ei pri Plaids and Tleathers; to 18 yrs.; value $18.50 » $9. 75 ures and Navy vow $15.00 CORDUROY SUITS Extra knickerbockers; 7 to 18 yrs.; value $16.50 10.50 1T MAKES LITTLE DIFFERENCE WHAT YOU NEED— A WORLD “WANT” AD. WILL GO AND