Show t UIT W ANTS T TA A AN HI INVESTIGATION f TIO It I Is Frankly Admitted That th Company Has 1115 Uen Guilty of Some borne Improper Acts Am DIRECTORS MAKE ADMISSIONS Cb CLare r e Salaries Were Sot Not ot Answered JIll Did la leeN lee ree N Nen i York Ili AUK UK W 2 The Life Indo 1010 today Joined II with S lilt lit the state stale Ial nf of NI York In fr tr for r a R full Cull In court of Its Ita lit dilator ItIl and suit and their Alleged hV it lit es I In III a rim tin gi ii g Ui the e eor moneys of or Hie The document ibiS determination Will was u the Ilip their PI ir r ut it Ih the I Ift director t I Ih the Iho against thin them by hy the it ii IP IA lon I 14 Is made th that l the thet 1 t Iid nd hl hei nf of act acle th s they th thu loin nm 10 in th the Improvement 1 11 The admit the loan r r the thc Mercantile Trust Trul hut but V ih Ill 1 I re In tbs tha loan ci to fur rurh V lii h if If r I Is III U II t AI IT beT beTI I ii I H I 1 Hid I d 1510 I i ig ii 5 I lie Iii 1 ta IngI Ing I ih li tin irn In t 1 vl of these i I 11 I he hI herge that salat lee leeI I 11 IA lout tr te i m of th Ih tie eO socIety III v Is III IsI IIII I MIT i I I ty lIt a us VAI h 1111 it i IV m ide IIlA under gille I 1 I 1 Ic ex cx x f P IM tp fees feen were ivere Irn to in of or off orI f i 1 who h were II a Ice 1 In Itu other V mi till In lii line tin Ihl lii PI er erVI VI i I tr e i ha hut I Ih pru IIa 1 not Ii In in nn SO to 10 It thC holA ho bord ru of or 1111 I ii I theli i ia to tu th the best liet t i t If to pursue In Hi lit f rr fr T t the lie Ih the a firsth first Mm h III 1 the hl m for n of nil Ii I 10 l will tI II l II foil found nil to rent rest on lilt onn II n Ii 11 l dun others end not 1111 Ih this tha 1 M as I s A hind made his l 91 ion the thu thru thin I 4 i 1 Si IhO tu wrongdoing I V Ip IC first t nn answered teil 1 hi t pH I III on iii Hr fH Ilot C CI I r nt l to ho th tho tier Mer V lit iii tufe l It t TillI Till This l I li IV V V i tod nd hut It II I U denied that nt nl th the IheI I n I i this thu I R v riH rs Janice IIII II IIII II H il d I Jr 1 T V I kige Jo K Ki i 1 II 11 I P SI II I U D lorI forI for tor torIn I In I II I I I E A r II H It Win WinA S th h r i A W V l IC rOch iii II H III I 1 I 1111 i i t rr re n wore 0 th ill tl I II I M V tir tr lii Iti 11 the IMi Ith f hi I a lii i ii t iid ii i Is IR I then moult I Ih the tn k of ot oth I h Iii M I i n fe h I i lt t ill P Ii 1 tt UI V I h by the h Paid ui I per for of o Ii i Pill pur i if r iro Ir Thi rh ni i In lii II favor tor of I Ihl h c uI lii tilt I In Iti coil connection tied lou with t this his c I h hi hII nie rie Indium Include u a hut the these Ihne e al ah II II te true rile Irle In 11 to id idI r rr I tin i In 1 of nf tho Ihl I lie UI tie bin n lucia Is hilt but liti t the that t the h alleged aliened pl r hl 1111 were tere ne never r 1 kno known ii to II the hoard of or torf The me h torn admit Unit tIle the lt who permitted id V Improvident rind nur of pf money to In tou u enla 11 ma lull 11 have been leili lt of grave Krae nf nt Judgment hut bitt hii that hut Ih they haw have m iii 11 to tn i a 1 belief that these officers sere lull guIlt of if I Improper 1 11 per I ac ailS tH The Th oon of lt t the he Na ii 1 hunk of ot New e York 01 City It with the Iha ha StateS Stuten National bank by hy which losses resulted to 10 Ih the lie 1 and a IL Iii oft to tt dome collie 1 of ot lie Its Il tor Is also Hut Hit the Il nay city hat the tel foi fO lOl losses I ii Iv a I rho hose who o I y particIpated In 11 hul 01 iii II h by reason of o I their he be I tIn dulled hI t ls I and til mt I should Imd of ot the touts The fable of ot salarIes to lo 1 which w v iH fin Im bod In iii 11 the states charges I IH Is de II dared dued to 10 he be n it tithe 1111 of ot hit thi figurel A direct admIssIon In is II that f that thill the these thene autos HIIR wore vere l haiti with without without out tilt or audit but hut huttie tie the tR say nay their opinion In Is II re 10 erd r 1 u its to whether Hitch sums s etc PIC la large and iMil 11 In 81 all cases IH lona of o irr greater tile en rl 0 the subject of nt and RII to 11 the ho harden charger that ni money under the of or fees feon wel veto received b II and loi who Vh were also l o of or Ih the slid corporal corporations Ions tl I Ihil i wr a as i c Purged the HIP 1111 states statis All Any of or th i wein etc ig 1 nil lit of o Mid i 1 iii 11 I ru lon ho lie iv which Ii ich tests ete not of n it 1 character known to 10 the whole board or of directors Further on the reply reIly eLate tome Some of ot officer fleer saId raid I were Ire found to 10 b bc 1111 some orae omi other tip up the he loan of ot th the be beMer Mer lit It li 1 uHl an n ll plon idon Ilon of t Its ItH exIstence t Is II made but bitt th tl ii directors director del deny that tIle they Improperly permitted Ihl thIs thin transaction Kin illy pon of ot the pam payment nt of III this thin to In the this Mercantile Trout company on Oil Jul July I 1 bat lait l I is made but bitt Lit Itis It ItI 1 I is saul ald that thIs occurred ani only the truiet hud hail a ns it d n a claim ll the and after till this cha hn hud been le iel t d and b l by Ii the pr ol rii r of or ble bleTh Th The Iula loan to 10 the Det w Im Improvement 11 provement Co IB Is II next admitted with witha R a o which states Ial this ad ml 11 I I IS 11 t to tho lines thole e of ot the d det who Ihl were iere Ir 0 or 01 ought to lu hl have hiiM b been ui I of nf the trait suet ions Th The directors director then thiel announce III the lie examination 11 I I I I c II of ot the faUn In I with I the he Depe Depew In is II no now with wih It a 1 lw hea to lu re ro h liy by 1111 action or III I by dju t ot nt the Ihu court an Ott ni mime um that nl 1 bf Lw ot due dul to II the tite i this the i on now po a this title 1011 money HIS ate of lt the or the tile l D Do pew I 11 company Tho ll i 1 nt tuf lt the of ot sire ivi he depoSIts in iii 11 the Hie National lank Hank of of tf New pw York Vork and ami ul at II least leant 1 lit ID ohel other tanks hank a II e admitted tilt hilt tm Ihl this In is r restrIcted to lo those thone director tor tore and nd who tho ho actually actual I I hal charge of or 01 knowledge of ot those actions Pr lly th the M same me restricted dolt I in made on lh this the rn of o the American D Doht sl Loan IORI a III 1 corporation IK I admitted to 10 hai 11 hia been organized tot for tOI t ti he hi old era upon 1111 hihl 1111 In lii 1 I th Ih hi Ei elul U arid and to I Ih the hue troth of lt dl ill il rectors and others other In the The surplus held lucId b by tin 1 socIety Is the itin Im u toil nn n b by ti tho director and in pub u their reply on thus thin barge H hi bust IIi do 10 not Know p ph whit ht their right Rr are res regardIng the lie 1111 I bitt hil t thuy hi u are lr re w II g t to 10 o 1 t ii Is fo to the tho CoUrt t III ii 1111 In 11 loli the II WP this thin Joins In Iii 11 Ih ho of cit ft the Ow ut of thin K it I tutu n nth thereon on submits Its Ia rIghts and Hit II P In Iii II tl tIe the In fI tOI to Ih the ju of nf t Ih the hi Wallace Md appears n ni as with Austen O I ne IP for tho Iho Ito ulen lox Mox n ni n I I |