The Detroit times. [volume], March 19, 1910, FIRST EDITION, Page 8, Image 8

About The Detroit times. [volume] (Detroit, Mich.) 1903-1920

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Page Eight
COURT'S DECISION
IN CURRIE CASES
IS COMPROMISE
j: / / '■
Judge Mandell Holds Hayden, Stone
i 6 Cos. Have Lien on Much Stock,
But Are Responsible for Transac
tions After June 23, 1908.
"Can’t Tell for Whom Finding Is
Victory Until Computations Are
Made,” Says Jurist.
“It is not here contested, but It
must be admitted that the actiou of
Cameron Currie & Cos., In pledging
this kind of stock is Indefensible from
any legal or moral point of view, and
that the member of the Arm who
pledged with Hayden, Stone At Cos.
these stocks knowingly acted directly
to the instructions of the
-customers, and agaiust tueir interests,
thereby making himself guilty of a
fraudulent conversion.'*
With this caustic comment Judge
Mandell brings to a conclusion a
decision, handed down Friday
morning in the action brought by cus
> turners of Cameron Currie A Cos., to
'recover stocks pledged with Haydeu,
Stone & Cos. To some of the stock so
pledged, the court says, the Boston
Arm has a valid Hen. and to this the
creditors of the Detroit Arm have no
claim. Judge Mandell makes no ef
fort to compute the amounts of tho
Stock properly held by the Boston Arm
and the amount belonging to Currie
it Co.’s customers, merely laying
down the principles of law on which
he based his findings, and leaving it
to an accountant to determine the
amounts.
Tho report of the accountant dis
closed that Cameron Currie Ac Cos.
owed Havden. Stone & Cos. $1.340,0n0
at the time pf the failure, and the
latter held stocks valued at $1.600.0u0
as security. Over customers of
Cameron Currie & Cos. claimed an in
terest in these securities, holding that
the Detroit firm had no right to pledge
them. It was to fix the amount of
these stocks wrongfully pledged and
to determine the nature and extent
of the defendant's lien, that suit was
brought. Judge Mandell made it
plain that at present he would not at
tempt to determine the right of any
iparticular individual or intervenor to
participate In any funds that may be
available as a result of the determin
ation of these questions.
{ Judge Mandell holds In brief that
I*a> den, Stone & Cos have a good and
\alld Hen upon all securities owned
by any member of the firm of C&merou
Currie & Cos., upon a'l securities depos
ited with Cameron Currie & Cos. by
customers or frienus as a loan to that
firm, and under privileges acquired by
the terms of the loan, deposited with
Hayden. Stone & Cos.; upon all stocks
purchased by customers of Cameron
Currie & Cos. through Hayden. Stona
it Cos. on margin: upon all such stocks
as were at any time shipped by f am
eron Currie & Cos. to the Boston firm
and by it held as security for the pay
ment of Cameron Currie & Co.’s gen
eral account, and on securities ac
quired bv purchase from Richardson.
Hill & Cos. and E. & C. Randolph, as
they have shown weie acquired in th**
due course of business and In good
faith.
Judge Mandell holds that the evi
dence shows that in acquiring these
mocks Hayden. Stone & Cos. parted
with value, and it only remains to br.
determined whether ihey acted in good
faith.
The Intervenors held throughout the
trial that Hayden. Stone & Cos. must
have known for a long time of tho
desperate financial condition of Cam
eron Currie & Cos. because of their
remarkable and in many instance
costly ways of doing business, and
from the “kiting’ of accommodation
drafts.
The Boston firm claimed that at no
Ame previous to July 14. had it had
notice that Cameron Currie & Cos.
were not solvent, and pointed to the
fact that on July 22. it paid out almost
a million dollars in the acquiring of a
large indebtedness of Cameron Currie
A Cos. to two otner eastern brokeis.
An examination of ail the evidence led
Judge Mandell to the opinion that up
to June 23, 1908, Hayden. Stone & Cos.
had no reason to suspect that Cam
eron Curne & Cos., were not solid, and
acted in good falm. For what transac
tions that took place after that date lie
holds the Boston firm responsible.
“For whom is the decision a vic
tory?” Judge Mandell was asked.
| “That cannot be determined until
after the computations are made,” wai
his answer.
De Castellane Loses Suit.
PARIS, March IS.—The court of
- appeals decided today against Count
poni De Castellane and M.
Bonis creditor to tne extent of $34,-
m, in th-dr effort to have part of the
fiirnlshings In the two houses of the
tfuchesß of Tallyrand, the count’s for
r goer wife, adjudged the property of
jionl. The Judge said the time far
{filing such a suit was immediate’/
l ifter the divorce of the count an 1
former counters. The costs of the suit
| were assessed against Boni.
There is a
Difference:
Scoff % Emulsion Is the original
Emulsion of Cod Liver Oil and has
been the world’s standard for 35
years.
There are thousands of so-called
Emulsions, but they are cheap,
worthless imitations and never half
as flood as the standard. They are
Mke thin milk.
Scott’s Emulsion
is like thick, rich cream. It is a
concentrated foou-nudicine of the
most beneficial sort. You can make
It thin with milk or water, bui don’t
boy the thin, worthless imitations.
i SIX ©BTOOI* rs
Bta4 Ip., »■ rfltprr t»4 (hi- *«t frvr nat
bwa U*fch..» l v«u l n.»o.- , UU>un.
(KOTT a BOWNL. 4W pearl St.. N. Y.
IT WILL BE DECIDED THIS YEAR WHETHER
THESE MEN SHALL RETURN TO U. S. SENATE
* wjfr
SKNATOH run*. Olluu.i.
30 SENATORS END
TERMSTHIS TEAR
Senator Aldnch Is Sure To Return
To Upper Branch of Congress—
LaFollette Subject of Solicitude.
WASHINGTON, March 18.— Thiriy
members of the senate are iu the last
year of their preseut terms Tho con
ventions or elections of the summvt
and fall will decide, in almost ail the
cases, whether the toga wearers shall
return to their law piactlce or disport
for six years more in the marble tem
ple of legislation Oil the hill.
In regard to sevenil of the seuatots
the question has alreau> been settled-
The return of Senator isuoor ttayner
has been assured by the action of the
.Maryland legislature. Senator He*-
I nando De Sola Money, the Democratic
lleauei, will retire to ins plantation in
Mississippi. They take a senatorial
| situation by the forelock down in
i Mississippi, and in line with the hon
orable custom John Sharp Williams,
statesman, gentleman, scholar, lawyer |
amt planter, was chosen several yeuis
ago to succeed Money. \\ illlajus was
then leader of the Democrats and one
of the most popular members of the
house. Senator Flint (California!. |
ha> said he would not be a candidate (
for re-election. In a statement issued
a short time ago he explained that the j
great expense of carrying on a cam
paign under the new California pri
mary law was beyond his means and
that, besides, he felt it to be his duty
to earn more money than cunies iu the
senate pay envelope to provide for the
future of his family.
At the head of the list, alphabetical
ly and otherwise, of those who will
toe the mark and take the oath next
March 4 will be one Senator Aldrien,
from Rhode Island. A \a ;rant rumor
went the rounds last -summer that
Aldrich had decided to retire. When it
was brought to his attention he re
marked that he hadn't passed out au
thority to anybody to make such a
s*at*ment. So he’ll come back.
They have been trying to build a
fire under Senator Hale in the state of
Maine but the senator s friends declare
that he'll return again just a.- he ha-*
for thirty years. He stands beside
Aldrich at the head of the regular or
ganization in rank but not in influent •».
Other members «»f the old guard likely
to return are Lodge (Mass.), and
Kean <N. J t. while Burrows (Mich ),
and Scott iW. Ya ), say they will be
here. too. though they are fighting f<>"
the henor iu the face of lively opposi
tion.
Four of the band of progressives in
the senate are under Are of the “In
terests" and. according to widely cir
culated report of tne regular Repu‘>
licans, but they are Aghting on cheer
fully with the expectation of putting
in six years more at the old stand.
|
J especial soil* itude and extraordinary
J efforts are being made to overturn
* Wisconsin, w here he has no friends
but the people. Beveridge, now the un
disputed Republican leader in Indiana
and a strong force in the senate >s
up for re-election. Burkett ha-* W. J.
Bryan, among other issues, on his
hands in Nebraska, and Clapp seeks
recognition In Minnesota where thev
are up to date and don’t have mo.-s
on their political doctrines.
In the group of those who must b-*
born again as senators if they are
going to help govern the country and
advance the light of civilization gen
erally are: Bulkeley, Connecticut; Car
ver. Montana; Clark. Wyoming; Cul
berson. Texas; Daniel. Virginia;
Depew, New York; Dirk, Ohio; Pi
Font. Delaware: Frazier, Tennessee.
McCumber. North Dakota: Nixon,
Nevada; Oliver. Pennsylvania; Page,
Vermont: Piles, Washington; Suther
land. Utah; Taliaferro, Florida, and
Warner, Missouri
Os the expiriug 30 there are 24 Re
publicans and six Democrats.
ATTORNEY STAYS IN JAIL
RATHER THAN PAY FINE
Locked Up Eight Month* Ago After
Failing to Pay $25 Fme for Re
fusing to Answer Questions.
M PHEKSON. Kan.. March IS- At
unyielding as on tin day. eight month*
ago. when he wu locked up foi con
tempt of court, John F. Hansen, at
torney. has appealed his < a«e to the.
Supreme Court of the L'nited States.
A writ of error lias Ju. t been alloweJ
by the Kansas supreme roint
Ilaiu-cn is a Swede and comes tnmi
a class of that nationality railed De
larne," who are tin* proud, it is said
to take off their ♦ vep to the
king.
Hansen was sent to jail after falling
to pay a fitn «r f25 imposed upon him
in the probate court for declining to
answer questions relating to an estnt
lin which he was interested. He has
I beep In the lot kup eight month
\ i.im.K w\\
If not property ■ Inthed. attracts atten
tion. Nettling Ilk*- » ii-tnin-miiile cloth
ing. Boys' speflal sale Saturday. All
wool suits to order, 112.75. itlsfH<--
tinn guaranteed. SIN'SI-lt .**, oo Moll
roe-a\e
i »:w m:\ kv;\i.izk
how different they would look In tnade
tp-order clothes Attend our aperl.-il
sale Blue serge suits, all wool, mad*
to order. 11 275 and up tfi.NGKH H. *5
Mom oa-avSb
the DETROIT TIMES:
it. c. LoiHit:, i mm«». t.
m n a rm: /mv*\V uj J
J. C. lit ItKOWS. Olleh.l.
Tt»e nin«rnll»a« nr rleetlnOx of (hr summer anil fall will deride If these men
shall return to the t ulted **t«itri seuate or retire to private life. The
trriu* of :tO member* of the tipper brniii-h of runareo expire Ihl* >eur.
WIDOWERS' CLUB ANGERS
spinster: in Greenwich
Look Upon New Organization Which
Provides Penalty for Remarriage
With Disapproval.
GREENWICH. Conn., March 18. —
Greenwich, which boasts that it has a,
larger number of clubs per capita
than any other town In the state, hav
ing up to last week 56. has just added
one more to make 'fifty-seven \ar.e
ties."
The new one is the Widowers’ So-,
clal club. The founder is Arthur H
Dorland, Democratic candidate for,
representative in t:.e s’au- legislature
j lust year. It is composed entirely of
j widowers. One of the by-law s pro- i
■vide* that any member who remarries.
| shall give a first-class dinner for all'
I tlu other members, so it would seem
| that in these days of high prices it
would work to retard remarriage
| The club already has several mem
! bers. but the feminine population du»s
not look upon it with approval. The
spinsters especially, who are note 1
for their energy, activity and persev
erance. seem to take it as an affront.
Mr. Dorland is regarded as tin
handsomest man in town. He is still
young ard tali, bar- a fine sympathetic
baritone voice, writes poetry, and
despite that fact is well to do He de
nies that he started the club for hl.s
personal protection, and says that if
he wishes to marry attain iu* will not
hesitate at the price of a dinner.
MAN THEY SLEW FOR HIS
MONEY WAS THEIR SON
-
When Aged Couple In Austria Dis
cover Fact They Kill Themselves
By Hanging.
VIENNA, March 18.—The discovery 1
today oi the bodies of an aged Polish
couple named Przenikowski. who had
'committed suicide by hanging rev* ai
led that they had taken their lives
J through remorse over naving murder
ed their own son The couple lived
' in Zielony.
The son returned home two days
| ago after being in America for ten
! years. The couple did not recognize
i him so the son in a spirit of fun, pre-
I tended to be a friend of their son and
i asked for lodging.
This was furnished The lodger told
| the parents of the good fortune that
had attended their son and said that
he himself had saved $1,200 in
America. After th< voting man retir
ed, the couple decided to kill him lor
his money.
Przenikowski and hi- wife strangled
the young man while he slept and
then went through his papers They
were horrified to find a passpor*
hearing the family name. A further
examination of documents on the dead
man and marks on the body disclosed
the full horror of the crime
Overwhelmed with remorse, Przen
ikowski wrote a fitter to the author!
'ties and then he and his wife hanged
themselves.
SOCIALISTS CELEBRATE.
!
Observe Sixty-second Anniversary of
Prussian Rebellion and
Insurrection
BERLIN. March lv- Today, the
I sixiy -second anniversary of the Prus
sian rebellion and the Insurrection tn
i Berlin, was marked I \ a hute c» le
j brakloit by the socialists.
By “ u'« lock 100. non socialists w-re
' gathered in the cemetery when flu
of the killed' in Hie
memorable flcht x : sit*- hurled, and fi.v
laded around Hie graves. pDcir: i
■ wn-utp on each mound.
One of tlie largest floral offerings
was from the German soei of
America
j The pilgrimage to the renv t M ry. b“
«gati at sunrise. The p«*\ rurtieof, f« , r
! fnl of riotous demonstrations, h and
I thousands of solde rs an i i'\< n <
lon hand hut then* have <*»-o no . n
J otis clashes.
J A number of bantu ir irni'-rlhod
j with seditious WMil v.c »- o hjed ,},•
Itho police
An airshit whltli i »• in? I nit for
the Brlfis'i na*.; is danned to have
|u currying capacity oi twenty ton *
SATURDAY. MARCH 19. 1910.
Cw*»vK»wrr u* O'flfVr
It. V. L IKOI.LK IK, ( w l«.».
9
V. J. Ml :\ KKim-k. I I ml. •.
CHAPLAIN TELLS STORY OF
PARDON BY LINCOLN
It W;s tb- Case of a Boy Sentry Sleep
mg on Post After Being Over
worked m the Trenches.
LOWELL. Mar*., March It'.—While* 1
stories of Lincoln were being related
the Rev li T Chambre. rector of St 1
Alines Ei - opal <Tiiri h, toll how he.
interceded with President Lincoln and
won pardon for the boy sentry who
was eaugh' asleep at ins post during
the civil war.
• Y*«. 1 interced'd lor the boy." said
D". Chambre. "and President Lincoln
.said he would save the youth tor ttu*
saat of the lad's parents. He told in.:
,'A young man should help the u!fl j
folks. I am going to save this boy for j
(hose wiio are awaiting his return.’;
ar.u he did.
I was chaplain ot a New Jersey
regiment. We had been digging
tien hes all day. The boy had dug in
lh« trench' s and had attended sick
/n**n. as .el! af* patrolling his post at
night H had be» a obliged to perform |
double duty, ami then lie was found!
asleep when the : erg* ant niaiie his;
roiin fi It was n- ■< ess try that dD- j
ripline should b» maintained The boy I
wa- arre-.*d aim his friends feared 1
that he would be shot.
l went from nr <anip. which was
on the low* r Potomac, and called m ,
President jJncoln. Ae I entered Mr.
Lincoln said:
“ ’You re troubled my friend. What
is the matter?’
“1 explained the case and fold of the
double dmy the nov had performed, of |
hi grand servlc* an i then mentioned i
als parents )
■pn-siderit Lincoln was much affect,
ed by my '■ef ital. While 1 was explain
ing tears trickled down his cheek 4..
From wnat I learned I am satisfied
that the matter never was allowed to
[reach the regular channels. I’nder
the condition* President Lincoln was
ibfi to act without making a decision
that would interfere with discipline"]
laborTunionists IN RIOT.
Secretary of Electrical Workers In
Chicago Is Shot.
CHICAGO. March 18- Richard A.
Shields, secretary of local No. 134 of
the International Brotherhood of Elec
trical Workers. Is in a precarious con
dition today, the result of bullet
wound received In a riot which br«>k>;
•ip a union in* "ting, lat** last night.
Shields was shot with a revolver, the
outlet pa sir*; clear through his body.
psi-r« ing IPs fimg. He is not expected
1 to live.
Nearly every member present en
gaged iu tlie fight which was the cul
mination of prolonged factional strife
After exchanging many shots, hurling
id. IS. idackj.! ks and Other missies,
th • unionists dDner-» I before the ar
rival of the police.
Walter S: rr* aid. or New York, ad
dresMd :he Twentieth (Vntury club
' Thursday afternoon in th** G* ntury
bin ding, ot) "din- place >f high art i'i
education." instead of Henry Turner
Bailey, who » o announced to give ')
•lecture on art topics. Mr. Sargeant
said that 'he natural tendency of
' j oilin' child ut) i toward decorative
,<rt. and tha' if they were r.i*en the
■ proper Impetus and instruction they
wci fil fr*qu* i)»lv develop unexpected
a ■ nt. I!< urge'll tha! rueh Instruction
it. i a i ..t> u i place in sc do* I educa
tion
«-r.ndof
mmamm - ~ •% ?' A Tit ‘
I in* ii 'inii i \i ii Ilnur.
ACC-3UNT MEETING NOBLES
CF THc MYSTIC SHBiNF
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t i '*
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,90°
The NEWSPAPER of CHARACTER
DETROIT TIMES
Seeks to Serve the Public
Faithfully, Fearlessly, Tirelessly
By
By What It Prints In Its Editorial Columns;
By What It Prints In Its Advertising Columns.
THE DETROIT TIMES
Holds that neither corporations nor newspapers
should impose upon the people.
It will not knowingly permit an advertiser to
mislead or plunder its readers.
It rejects every year offensive and fraudulent
copy amounting to thousands of dollars.
It prints the news only t q inform, instruct, en
tertain and forewarn—never primarily to cause
pain or peddle scandal.
If You Want a Clean Paper That
Stands For An Unviolated Home
Circle, Order a Daily Visit From
THE TIMES.
THE DETROIT TIMES
Brought the one-cent newspaper to Detroit,
Brought clean advertising to Detroit,
Brought an aggressive editorial page to Detroit.
Brought the Sporting-Extra-as-you-leave-the
grounds to Detroit.
Brought the unafraid advocacy of the people's
rights to Detroit.
Brought the exposure of fake financial proposi
tions to Detroit.
Brought independent and dependable political
news to Detroit.
Brought the championship of the forgotten man
to Detroit.
■ ■ ■■ ■ ■ -
If you stand for a square deal and an unsullied
fireside, call up
Main 1498 1499 phL City 3385 Phone
and order The Times delivered at your home
regularly by our own carriers.
(We have 135 of them)
THE TIMES
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It has been fighting your battles for 10 years, nearly. Do you
believe in clean, fearless journalism deeply enough to take it •
Tenth Year
THE
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