St. Louis Post-Dispatch
July 19, 1911

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&. "VOL. 63. 1 “NO. 333. —— ST. LOUIS, WEDNESDAY EVENING, JULY 19, 1911.

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WICKERSHAM FOR ).S, COMMISSION TO RULE TRUSTS Attorney-General Tells Min- nesota Lawyers Depart- ment of. Justice Is Not Equipped to Supervise Business Combinations— Advocates Control of the Prices. | VIEWS INTERPRETED AS THOSE OF TAFT, National Incorporation Meets Cabinet Officer’s Favor— Laws of Supply and De- mand no More Fix Prices, He Insists.

Special to the Post-Dispatch. DULUTH, Minn., July 19.—Attorney- General Wickersham told the Minnesoia State Bar Association today That Federal of tions and great industrial organiza- control corpora- ions Was necessary. That a commission to control and “gulate them, as the Interstate ommerce Commission regulates ‘Ulroads, was certainly most desir- ‘ble and might be absolutely neces- ary’. That ‘ceSsary to even fix prices for these nm porations. That the law of supply and demand longer governed prices of com- odities. That for years .¢ commodities had been agreement. May Represent Taft's Views. Many of Wickersham’s declarations are regarded the most radical he has made since his entrance into official life. With the weight of an administra- tion officer: behind them, his remarks made a deep impression. There was nothing in the speech, however, to indi- cate how far the Attorney-General]. re- fiected the views of President Taft. On st¢veral occasions in the last Senr ke hax been regarded as the spokesman for the. Administration. The Attorney-General discussed the general question of what further regu- lation of interstate commerce is neces- sary or desirable from a broad point of view, and said he had not attempted “to express a conclusion, but merely to state the eléments of a great problem vhich goes to the root of the prosperity of the American people. ‘That some further regulation over corporations carrying on commerce alvong the states may be necessary,” lie e1id, “is, however, coming to be a mat- ter of current coinmment. It has been openly advocated quite recent!» by rep- resentatives of some of the largest combinations df capitgi, probably as a neins of salvation, and to preserve, un- der Government supervision, great or- ganizations whose continued existence is menaced by the recent interpretation Sherman act, the disintegration which would be necessarily attended it probably would hecome prices of all sta-, fixed by a: with Te such, shipwreck.’ much loss. it is a case of ‘any port in Better continued co-op- eiative life. even under a powerful praster, than disseminated properties ‘nad segregated activities without con governmental supervision New Department Necessar). hhut there are other reasons for sulation. The Federal Department of estice is not organized or equipped to -ointain @eenstant supervision and con- ‘ol over business organizations. It jeals only with cases violation of the law “The activities of an jeard or commission would be directed ii preventing such violations, and in Peiding business men to maintain a con- tinned status of harmony with the re- etirements of law. “Whether not a -Kederal in- ‘ustmial commission should have power regulate prices is, of course, a matter of serious consideration. The nterstate commerce law prescribes as legislative rule that prices for transpor- tation, by rall or wire or pipe line, sha!l iw reasonable, and that no unjust dis- crimination shall be made between indi- viduals or localities similarly situated. “A simfler rule might be declared by Congress with resepet to § the prices of commodities the subject of interstate commerce. “We have become accustomed to the regulation of rate of transportation, but the suggestion that prices of commodi- tles be regulated by Congress seems novel and radical. “Yet the principle on which the regu- lation of transportation rates is based is simply that when property is useg in a manner to make it of public conse- quence and affect the community at Jarge it becomes clothed with a public use. and may be controlled by the pub- Iie for the common good. “The anti-trust legislation of the United States and most of the sep- brate states is based on the theory at the natural price of an article & that fixed by the operation of the atural law of supply and demand, & ‘taint sucn of administrative or such to

—_ oe Ber | (Certteeed on Pare 2 Column a IST. L LITIGATION, OUIS WOMAN, IN LONG GETS $60,000

Mrs. Eva Landis Elliott pany Which Earned Receiv:s Share in Com- Millions With Wax Thread Machine, Invented by Her Father.

Eva Landis PMljott of 2045 Blen- don place, organist St. Augustine’s Episcopal Church and a member of the Morning Choral Club, something more than $60,000 as her share of the settlement of a lawsuit against the Landis Machine To recover from the mental Strain incident to the case,‘which has been in the courts for five years, Mrs. Elliott will leave with- in a week, accompanied by her husband, W. N. Elliott, and their daughter, for a European tour. Mrs. Elliott is.one of the five daught- ers of the late Benjamin F. Landis, who died in 1886 shortly after his invention, & wax thread sewing brought to completion. The litigation started over stock in the company, which manufactures this machine. Mrs. Elliott and her four sisters charged that the stock was illegally bought from their mother, Mrs. B. F. Landis of St. Joseph, by a member of the firm. Sale Not Legal. The company was originally nois cerporation, in which Mrs. Landis held 200 shares as trustee for her five daughters. R. C. Flemming and J. B. Jobyne held 80 per cent of the stock cf the company. More money was need- ed, and Flemming and Bobyne came to Si. Louis and made arrangements with John C. Moore to start a new company With 1000 shares at a par value of £50 each. Flemming then went to Mrs. at St. Joseph, it was alleged, and rep resented to her that the company was in straits, and that Moon mad offered Mrs. Ot has received Co. machine. was an Iili- Landis

GARDINALS REGAIN LEAD WITH THREE RUNS IN FOURTH Bresnahan Is Injured When Hit by a Foul Tip, but Sticks to Place Behind the Bat. FIRST GAME. 2c: 46 6 728 O CARDINALS AT BROOKLYN. jololslolo'@@L) BROOKLYN. mS O02 ojOO It BROOKLYN, N. Y., July 19.—A hoi, sultry day, a trifle hazy, marked the end of the Brooklgn-Cardinals series, the first game of the doubie-header being called at 2 o'clock. Bresnahan announced that Outfielder \Walev had reported. Roger still sufferinz from a twisted finzer he got from a foul tip in Saturday's but went behind the bat. Steele pitched the first opposed by Barger, Roger tried ont Brooklyn a semi-pro. named Phillips. not seem to have mueh, THE BATTING ORDER, CARDINALS. BROOKLYN. Hluggine 2). f liureh ef. Hauser ss, Datberi lb. Kliis lf. Wheat if Koney Ib. Hiuimel Ub Evans rf. Coulson rf, Mowrey ib. Tooley ss. Melver Ct. Airamerman ol. Frresnahan ec. Mrwin ©, Steele p. Barger p. By ipires— and Finneran. #

is game, game an! Was Before the game pitcher He did a -Rigier FIRST tNNING. ‘ARDINALS--Huggins’ tap was too tot for Tooley and went for a hit. Hauser’s single went to right, Huggins going to third. Barger threw Ellis out, Mauser taking second. Bureh ran in and got Koney’'s fly off his shoestrings. Ilug- gins scored. Daubert got vans’ ground- er and threw him out to Barger, who covered the bag. ONE RUN. RBROOKLYN--Steele tossed out at first. Daubert’s smash was too hot for Hlauser and went for a hit. Bresna- han was hit in the groin by @ foul tip out for a couple of minutes, resumed play. Wheat flied to Ellis. Daubert stole second. Steele tossed Hummel out. NO RUNS. SECOND INNING. CARDINALS—Hummel threw Mow- rey out. MelIver walked. Bresnahan hit into a double play, Zimmerman to Hummel to Daubert. NO RUNS RROOKLYN—Coulson flied to Ellis. Huggins made a great pickup of Too- ley’s slow roller and threw him out to Koney. Zimmerman doubled to right. Hauser threw Erwin out. NO RUNS. Such and was but finally THIRD (NNING. CARDINALS—Burch came in and got Steele’s fly. Huggins walked. Huggins stole second. Hauser tapped to Barg- er and was out to Daubert. Ellis popped to Zimmerman. NO RUNS. BROOKLYN—Hauser fumbled Barg- er’'s grounder and he was safe at first. Bureh struck out. Daubert singled to right, Barger going to second. Wheat singled to left, filling the bases. Hum- mel struck out. Coulson singled to center, scoring Barger and Daubert. Steele tossed Tooley out. TWO RUNS. FOURTH INNING. CARDINALS--Koney singled to cen- ter. Koney was caught napping off first, Barger to Daubert. Evans sin- gxied to left. Mowrey walked. McIver cropped a Texas Leaguer in center, scoring Evans. Mowrey went to third.

| Bresnahan singted to lefi, scoring Mow.

10 buy her daughters’ interest for $1000. Mrs. Landis sold the stock, but the Court later held this action illegal, as she was merely the trustee. Under the law, it was held the person who bought her out would become only trustee, and not owner. It developed in the hearing of the suit that the stock, since the tran- saction 10 years ago, has made 1165 per cent in dividends and laid aside a surplus of $500,000, and that the stock is worth beween $1200 and $1500 a share, Heirs Win Suit. The case was decided in Division No. | of the Supreme Court March in favor of the Landis heirs. A mo- tion for @ rehearing was overruled, and the court ordered Flemming and Dobyne to turn over 166 2-3 shares and all dividends and interest up to date to the heirs, They are Mrs. L. Landis Trower and Mrs. C. N. Bird of Kansas City, Mrs. L. O. Weakley and Mrs. J. P. Burton of St. Joseph and Mrs. Elliott of St. Louis. Through their attorneys, Bond & Bond, who had fought the case for them, a compromise was made by the heirs in which ‘they agreed to take $104,470 in cash and 130 shares of stock with the dividends and interest up to’date. This stock was delivered and the money paid Monday. W. N. Elliott, husband of the St. Louis member of the family, has been in the printing business in this country for the past 25 years, and has not in t...t time visited his old home in Vir- rinia, County Cavan, Ireland. It wil! be one of the first places they will visit abroad. ———-— oo ol journey on their

REVOLUTION I HAITI SPREADING FAST, IS REPORI Petrel Léaves Her Port for An- other Because of the Seri- ous Condition. WASHINGTON, July 19.—The revolu- tion in Haiti is spreading so rapidly that it is believed here to be doubtful it the capital of the island republic will much longer remain in’ possession of President Simon. The political growing worse,

situation steadily is according to the mander of the United States gunboat Petre:. now in Haitien waters for the protect{on of Americans. His report to the Navy Department today indicates that all of the Depart- ment North, except Cape Haitien and lorte Liberte, is controlled by the rev- olutionists, These important por'ts are threatened. however, as the rebels defeated the Gevernment troops July 16 at place ébout fourteen miles frofn Cape com- a Hai- ten. Because of (he precarious situation at (-onaives the important city of the republic the revolutionists are in power Petrel sailed from Cape Haitien for that place today. Realizing the importance of liavine some kind of a naval vessel on the nerth coast of Haiti to replace the letrel, the Navy Department ‘today ca- Lled the commanding office of the Peo- lia Station boat at San Juan, Porto Rico, to proceed immediately to Cape Hiaitien where she probably will arrive temorrow. The cruiser will sail direct second where the Des Moines, from Boston. Port-au-Prince, She probably will make the trip in about five but at the present rapid rate of development of the revolution it is doubtful whether she will find the capi- tul still in the possession of cent Simon. to ’ . caves, Presi- ss Des Moines Sailors Viaking Ready to s BOSTON,, July 19.—Sun-browned saiil- and naval officers in their summer uniforms of white were hustling to and fro aboard the protected cruiser Des Moines at the Charlestown Navy Yard today, making final preparations for her vovage to the scene of the Haitien re- bellion. The Des Moines leaves Boston tomorrow and within a week she will be at Guantanamo, there to take on coal, after which her commander, Capt. Oman, expects to proceed to Port-au- Prince. Ors

rey and McIver. Bresnahan went to second on the throw to the plate. Hum- wel threw Steele out. Roger moved up on the play. Huggins fanned. THREE RUNS. BROOK LYN—Zimimerman Mowrey. Erwin was out, Steele. Barger struck out. FIFTH INNING. CARDINALS—Hauser tried to bunt but Barger threw him out. Ellis popped to Hummel. Tooley got Koney’s high fly.2 NO RUNS. BROOKLYN—Burch fouled to Mow- rey. Daubert out. Wheat singled over first. Wheat went to second on @ passede ball. Hummel flied to Evans. NO RUNS. SIXTH INNING. CARDINALS—Evans walked. Mow- rey fouled to Datwbert. McIver flied to Coulson.. Evans stole second. Tow- ley threw out Bresnahan, NO RUNs. be e ‘ popped to Koney to NO RUNS FORTUNE TELLER'S WORDS CAUSE GIRL

Seeress Tells Miss Elizabeth Mar- tin Her Dearest Friend Robbed Her of $48. ¢ AMOUNT

FATHER PAYS

Miss Ella Albrecht Denies She Took Money, but Is Charged With Having Confessed.

Miss Elizabeth Martin of 4299 Easton avenue and Miss Elia Albrecht of 41% Evans avenue were chums for five years until Miss Martin few days ago that she had been robbed of $48 and went to a fortune teller for aid it. the fortune statement that had been robbed by her closest friend, Miss Mar- had Miss Albrecht 2 grand larceny charge. Miss Albrecht, who was in the custody of tron Wednesday. She denied that she took the money, although Miss Martin said she had admitted the theft to her, and Detectives O’Brien and Garvey said she had confessed it to them. Miss Albrecht said the detectives tormented her into making an untrue confession to get rid of them. Wednesday afternoon Miss Albrecht’s father appeared ak Police Headquarters and paid $48 to Miss Mattin. The lat- ter then said she wou]jd not seek to prosecute her former friend. It is be- lieved that the case will be dropped. Miss Martin discovered her loss last Thursday. Miss Albrecht visited her the preceding Sunday, and Miss Martin says she was alone in the room while she was taking a bath, What Secress Said. Following the discovery of her loss. Miss Martin and her sister went Sat- urday to see Mrs. Zinks, a fortune tell- er, at 6257 Minerva avenue. The sister is Mrs. A. J. Keller of 6204 Easton ave- nue. “As soon tune teller’s room I had had a great told a Post-Dispatch day. ‘““*Your loss Was discovered a in recovering Upon teller’s she tin rrested on a is 23 yvears old, the police ma- we went into the for- she said to me that loss,’” Miss Martin reporter Wednes- iS money.” continued the fortune teiler. ‘You were robbed by your best friend, and she hought a new outfit with part of the money You will recover what she did not spend for clothes. ‘Your friend bought a new skirt, stockings, shoes and shirt waist, paid for them out of a $10 bill. were robbed on a Sunday while friend visiting you.” Miss Martin said the described Miss Albreclit ticular, saving had hair and dark She Albrecht’s home were there. and themselves as gentlemen. Miss Martin ane her sister then left the fortune teller’s When Miss Albrecht called to visit them aé few hours later, they accused her. Mrs, Weller said that Miss Albrecht con- fessed to taking the money then. ‘We also learned,’ Miss Martin “that Miss Albrecht iad bought a outfit, just the fortune teller said. After we learned these facts, went to Miss Albrecht’s and ac- cused her, in the presence of her par- ents, taking the Hier father, lierman J. Albrecht, we would find the money in vard, My sister told him be there unless he put it Visits Detective Miss Martin applied for ceny warrant Wednesday to work as a telephone operator at Huttig Sash and Door 's office, gave the same of her the fortune teller. Miss Albrecht was arrésted after a visit to her home by Detectives ©’ Brien and Garvey. Her father said the detectives went to his home Mon- day night, accompanied by Miss Martin, He said he and Miss Martin a front room while the detectives ques- tioned his daughter for two hours and put her through a severe ordeal. She finally sc reamed to him to pay the money and get rid of them, he said. Miss Albrecht said that she did visit Miss Martin a week ago Sunday, and that Miss Martin bathed while she was silk and You your was teller patr- fortune in every black, Wavy was at Miss the detectives they conducted she eves. when Says home. sald, new had we as home of i~neVv, ‘old us back it would not there,”’ Chief. grand lar- before going the and visit to my sister's a ('o, version Tuesdays were in there, Miss Martin could see her all the time “T did not leave the room,” she said, “and the money Which was stolen was in another room. I did not take it.”’ DOG PUSHES BABY FROM CAR TRACKS Child Would Have Been Crush- ed Had It Remained in Way of Coach. A pet dog saved the life of 3-vear-old Hazel Southard by brushing her away from the street car track near the Southard home on Washington avenue in Upper Alton. Motorman William Coleman saw the child running on the car track followed by the dog, but it was too late for him to stop the car. He applied the brakes ‘and the car slid to where the child had been playing. Passengers saw the dog run under the ehild, tipping it in such a way that it fell clear of the

|track. The baby was uninjured, I ACCUSE CHUM but that the door was open and}. Expects to Do a Good Deal of Sewing—Objects to Only ; Two Meals a Day. - SAVING

UP FOR PLUME

Hints There Will Be Continua- tion of Hair Pulling Episode When She Gets Out. %

Forest Park Clayton Merik of who went Mrs. Ethel Heights, rather jail in fine and $25.80 Carlson’s to $1 costs for pulling Mrs. than to pay Alma hair, arose before 6 a. m. Wednesday, after her first night's imprisonment, and sang until she awoke her cellmate, ldna McGee. all the comforts of ’ she chirped to Mrs. who made an comfort. a portly negress, “This place has home,’ John Gruen- the Sheriff's wife. visit inger, early to loolt after her she added as she viewed the “that What do ““Except,’’ preparations for breakfast, you make us eat with our fingers. you do that for?’’ Mrs. Grueninger explained that knives, forks and even spoons had so often been used in attempts at escape and at sui- cide that their use had been prohibited. “You needn't worry about my trying to escape,’ she rejoined. “This 26 days here will be a fine vacation for me. My mother will bring out my sewing, and I'll. have .a fine new dress made when I get out, and I'll have the money saved to buy the new willow plume I’ve been wanting for my hat. A big low one. “You'll get so tired of feeding me, she remarked, “‘that when my 26 davs re up you'll be glad to let:me out and vel- ‘*

BENJANI n * WEARS

: —— PRICE ONE CENT | |

EDITION |

Woman WhoWent to J ail Rather Than Pay $1 Fine Regards 26 Days She Will Spend in Clayton Cell as a Vacation

Woman who pulled her neighbor’s hair and went to jail rather than pay fine, and her children who are with their grandmother.

als OT ‘ r. IN 1 —— a

VIRS. ETHEL MERIC

DE FOREST SEEKS

ARTHUR ' Be | —_—————

nothing about the other 80 cents.” Then she sat down to the jail break- fast of coffee, bread, bologna sausage and syrup. She experiménted with the bread with and withowt syrup, and de- cided that she liked it better without, She unfavorably on the fact meals a day were served and said her family and friends would have to supply the third meal. She had a cherry pie for supper Tuesday. and divided it with her cellmate, both eating the dripping pas- try with thetr fingers. Would Like Sunday Visitors. Another jail rule which Mrs. Merik would change if she could have her wavy is the one excluding visitors after 4:30 p. m. and on Sundays. Her hus- band works in a factory daily from 7 to 5:30, and has’ no respite except .on Sunday. “That man will certainly appreciate me when I get out,” she remarked. “But he better not lose his job com- ing here to see me. And he better not pay my fine, either, or Ill handle him worse than I'll handle Mrs. Carl- son when I get out of here. And if lI get my hands in her hair again, it won't be 26 days in jail I'll earn; it'll be six months.” She was asked how she would get along without her two boys, Benja- min, 3 years old, and Arthur, 18 months, who are now in the care of her mother, Mrs. D. Smith of 1621 Olive street. ‘They'll be all right with my mother,” she replied, “and if she gets tired of caring for them, the count wtll have to take them in here wit me,” The Meriks and the Carlsons are next- door neighbors in Forest Park Heights. the Merik home being at 7520 Ethel ave. nue and the Carlson home at 7516. Last month the Meriks bought a horse say commented that only two at the jail,

SS OM ROR MON A A AORN ABE A Cae at

and runabout. Mrs. Merik says this aroused envy in the neighborhood. June 23 the horse grazed on the Carisons/ lawn and Mrs. Carlson drove the ani- mal away. Mrs. Merik appeared at her front door, and a moment later, Mrs. Catrison told Justice Willecken Tuesday, the hair-pulling occurred. Mrs. Merik pleaded guilty to the peace disturbance charge, and Justice Wil- lecken fined her $1 and costs. She saw a gleam of triumph on Mrs. Carlson's face and shook her fist at Mrs. Carlson. Then, as the Justice warned her against contempt of opurt, she an- nounced that she would not pay tre county one cent. She stuck to the de- cision in spite of her mother’s peas, and the jail soon after received her. The negress who shared her cell Tuesday night was due to be re- leased before Wednesday night, hav- ing been paroled. “I'm sorry to lose her,’ remarked Mrs. Merik, “but then you know In a place like this there is always some- one coming and going.” Will Stick to Sentence. Mrs. Merik later in the morning called cheerfully through her window to a reporter to know how the weather was, and when told that it was raining, said: “Well, it's nice and dry in here.”” She sald she was getting a little hungry and wished her mother would come along with something to eat. “After sleeping over it, do vou think you will pay your fine?” she was asked. “Not for me,"’ said she. “I'll stick. Just watch me.”’

_———? Killed by Honey Bee's Sting. DUBOIS, Pa., July 19.— Phillip Dusch died 30 minutes after being’ stung by a honey bee. Just before his death Dusch said he had been stung but once, on the point of the jaw. He was 61 years old;

DIVORCE, BLAMES WIFE'S MOTHER Wireless Inventor Says Mother- in-Law, Suffragist, Blocked Reconciliation.

SAN FRANCISCO, July 19.—Harriet Stanton Blatch of New York, svuffra- gist leader and daughter of Elizabeth Cady Stanton, is declared by her son- in-law, Dr. Lee de Forest, scientist and wireless inventor, to be responsible for the suit for absolute divorce he fied here against Mrs. Nora Stanton Blatch de Forest. The suit, filed yesterday, follows an action for separation filed by Mrs. de Forest at Shoreham, L. I., the pre- ceding day. The grounds named in the San Francisco suit have not been made public. De Forest responsible that onciliation lified all T‘orest to Mrs. Blatth marital unhappi- she has prevented a with- his wife and has nul- his efforts to induce Mrs. de join him in California. Mrs. Blatch is president of the League for Self-Supporting and Mrs Forest is a fully qualified hydraulic engineer. SHOWERS | aa FOLLOWED BY (COOLER AND FAIR WEATHER ee ee ee TEMPERATLRES. Pp a. m 'o @& mae. .i il a. I2 (noon) declares is for his Hess, rec- Women 1 ‘i.e THE = ¢ TO UNRAVEL THE LEWIS TANGLE McPherson and Dyer in United States Court En- deavor Vainly to Fi ind Where Money Came From in Promoting Enterprises. One Company Owes An- other, It Owes Third and Third Owes First Is “Wheel Within a Wheel” Bookkeeping Problem to Be Solved. |

Attorney Angert, for Reor- ganization Syndicate, Ad- mits He Cannot Explain, but Cites at Least One Company He Thinks Is Solvent. *

“You would find that one Lewis company owes another, that the other one owes a third one and that the third owes the first. It's a problem of bookkeeping I haven't been able to get very far in.”— Statement of Eugene Angert, attorney for Lewis reorganization syndicate. Judge Smith McPherson of Red Oak, sitting with Judge Dyer in the ~ United States Cireult Court Wednesday, in the hearing of the Lewis receivership made a painstaking effort, by a series of questions, to find out where B. GG. Lewis got the money he used in pro-. moting his numerous enterprises, and what he had done with it. He fired his categorical inquires at At- torney Eugene Angert, who was in court ag representative of the reorganization — syndicate opposing a blanket receiver- ship for all the Lewis companies. An- gert answered the questions as long as he could, then confessed that the tangles of Lewis’ affairs had been too great a problem for him to solve tn the few months he had devoted to the case thus lo.., Cases, far. , Important Admissions Made. Attorney Angert, In his argument be- fore Judges Dyer and McPherson, made several important statements. One was that State Bank Commissioner Swangsr several months ago had demanded that the People’s Savings Trust Co. pay off its deposisers and cease doing business. Another was that the trust tompany was now unable fo pay in cash a cer- tificate of deposit for $80,000 held by the University Heights Realty and Devei- opment Co. Angert insisted, however, that the trust company was solvent and would meet all of its obligations if giv- en time. 3 Just after Angert had declared the trust company to be solvent, he was interrupted by Judge Dyer. “The St. Louis Union Trust Co., the receiver, presented to me in chambers a motion, which, for some reason, it did not jater file, demanding $90,000 from the Savings Trust Co. on a certificate of deposit held by the University Heights Realty & Development Co.,” said Judge Dver. “If the trust cémpany is solvent why can't it pay this certificate of de- posit.?"’ : Calls Lewis Always Wrong. I will explain that transaction,” said Angert. “Under the mortgage and ugreement on this plece of property, %& a ‘front foot was to be set aside for improvements. Instead of deposit ng with the bank % a front foot if cash, Lewis, who always did every thing wrong. turned over notes to the emount of $80,000. The certificate a‘ deposit was issued on these notes, when as @& matter of fact no money hai been paid in. ; "The certificate of denatee was then used to boost the deposits of the bank - The question to be determined is wheth- er the reality and development com is entitled to the money of the notes.” “Then, you say,” interrupted Judge McPherson, “this $8,000 will not &® paid?’ “No, I don’ t mean that exactly. “Well, this certificate of pe is past due,” said Judge Dyer, “and with that unpaid do you still say the People’s Savings Trust Co. is solvent? If so, why will it not pay a draft for $80,0007" “It is solvent if given time, but we could not pay the certificate In cash’ uf pow,” said Angert. Angert then said the trust com= f pany had ceased doing business, upes the order of the te Banking Cour missioner, and was paying _