1.
January 22, 1914
South Bend News-Times
South Bend, IN
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SIEGEL, ONCE MERCHANT PRINCE, IS BROKE NOW NEW YORK, Jan. 22.-"I have nothing not a cent. I used to draw $1,000 salary each month from my stores. Now I have no income. I am penniless." This statement was made Thursday by Henry Seigel, head of department stores in New York, Chicago and Boston, at the receiver's hearing of the Siezel stores and the Siegel private bank. Once known as a "merchant prince," and able to draw his check for $1,005,000. Mr. Siezel declared this all his property is mortgaged and that he has to live in a cheap hotel apartments "not knowing how he will provide for himself in the future."
2.
January 22, 1914
Atlanta Georgian
Atlanta, GA
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Siegel, Once Great Merchant, Declares He Now Is Penniless NEW YORK, Jan. 22-"I have nothing-not a cent. I used to draw $4,000 salary every month from my stores. Now I have no income. I am penniless." This statement was made to-day by Henry Siegel, head of department stores in New York, Chicago and Boston, at the hearing being conducted by Judge Holt, special master, appointed by Federal Judge Hough at the request of the receivers for the Siegel stores and the Siegel private bank. Once known as a "merchant prince" and able to draw his check for $1,000,000, Mr. Siegel declared to-day that all his property is mortgaged and that he has to live in a cheap hotel apartments, "not knowing how he will provide for himself in the future."
3.
January 22, 1914
Atlanta Georgian
Atlanta, GA
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Siegel, Once Great Merchant, Declares He Now Is Penniless NEW YORK, Jan. 22.-"I have nothing-not a cent. I used to draw $4,000 salary every month from my stores. Now I have no income. I am penniless." This statement was made to-day by Henry Siegel, head of department stores in New York, Chicago and Boston, at the hearing being conducted by Judge Holt, special master, appointed by Federal Judge Hough at the request of the receivers for the Siegel stores and the Siegel private bank. Once known as a "merchant prince" and able to draw his check for $1,000,000, Mr. Siegel declared to-day that all his property is mortgaged and that he has to live in a cheap hotel apartments, "not knowing how he will provide for himself in the future."
4.
January 23, 1914
The Washington Herald
Washington, DC
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ONCE MERCHANT PRINCE, SIEGEL NOW PENNILESS Head of Chain of Department Stores Declares He Hasn't a Cent. New York, Jan. 22.-"I have nothing. Not a cent. I used to draw to $4,000 salary every month from my stores. Now I have no income. I am penniless." This statement was made by Henry Siegel, head of the department stores in New York, Chicago, and Boston, at the hearing being conducted by Judge George C. Holt, special master appointed by Federal Judge Hough at the request of the receivers for the Siegel stores and the Siegel private bank. Once known as a "merchant prince," and able to draw his check for $1,000,000, Mr. Siegel today declared all his property is mortgaged and that he has to live in a cheap apartment hotel. "My home at Eighty-second street and Madison avenue cost me $300,000 and $10,000 to maintain," said Mr. Siegel. "Now it is mortgaged for $145,000 and I cannot afford to live there. I own a ten-story loft building which cost $300,000, but it is mortgaged too. My seventeen-acre estate at Mamaroneck cost me $175,000, but it is mortgaged for $25,000. and there are other liens against it. I was chief stockholder in the Siegel Realty Company which owned the property occupied by Simpson Crawford Company. We could not meet a $100,000 debt in August so I turned all my property over to A. Leo Prince from whom we bought the Rothenberg store, so that he draws all the rentals."
5.
January 23, 1914
Atlanta Georgian
Atlanta, GA
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Siegel, Once Great Merchant, Declares He Now Is Penniless NEW YORK, Jan. 22.-"I have nothing-not a cent. I used to draw $4,000 salary every month from my stores. Now I have no income. I am penniless." This statement was made to-day by Henry Siegel, head of department stores in New York, Chicago and Boston, at the hearing being conducted by Judge Holt, special master, appointed by Federal Judge Hough at the request of the receivers for the Siegel stores and the Siegel private bank. Once known as a "merchant prince" and able to draw his check for $1,000,000, Mr. Siegel declared to-day that all his property is mortgaged and that he has to live in a cheap hotel apartments, "not knowing how he will provide for himself in the future."
6.
March 11, 1914
The Daily Gate City
Keokuk, IA
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dustrial life. It has grown astonishingly, but a greater growth is yet before it. Bankers Indicted. [United Press Leased Wire Service.] NEW YORK, March 11.-Indictments charging grand larceny and the acceptance of deposits in an insolvent bank were returned by the grand jury here this afternoon against Henry Siegel and Frank E. Vogel, heads of the Siegel private bank which closed its doors following the appointment of receivers for Siegel's big New York and Boston departm ant stores. Three indictments were returned against each defendant. Both are charged with the grand larceny of $25,000 from the National Bank of Commerce on May 17, 1912, as a re sult of making a false statement as to assets. Two other indictments
7.
March 12, 1914
The Oskaloosa Herald
Oskaloosa, IA
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Bankers Are Indicted. New York, March 11.-Indictments charging grand larceny and the acceptance of deposits in insolvent banks were returned by the grand jury here today against Henry Siege) and Frank E. Vogel, heads of the Siegel private bank, which closed its doors after receivers had been appointed for the Siegel concerns.
8.
March 13, 1914
Evening Times-Republican
Marshalltown, IA
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SIEGEL STORES CLOSED Court Orders Sale and 2,100 Clerks are Thrown Out of Employment-Many Had Surplus Funds Deposited in Siegel Bank, Also Closed Because of Financial Difficulties. New York, March 13-The Fourteenth street store and the Simpson-Crawford store the management of which has resuited in the indictment of Henry Siegel and Frank E. Vogel charging violation of the state banking laws and grand larceny, are to be closed tomorrom night by order of Judge Hough of the federal court. After an inventory has been taken, the stock and fixtures of the two stores and the equipment of the Merchants' Express Company are to be sold on March 24, for the benefit of creditors. With the closing of the two stores. which are among the largest in New York, about 2,100 clerks and employes will be thrown out of work. Many had deposited their wages in the Siegel bank. so they will be without funds. These employes were considered by the court yesterday before the closing order was signed. Judge Hough was assured by Hugh Marble. counsel for the store managers, that clerks were in demand by other stores. The receivers have the preparations for the sale already in hand. An inventory will be ready for prospective buyers on Monday next. It is estimated the total value of the stocks of the two stores is about $1,000,000. The grand jury is still in session and Assistant District Atterney Train will present additional evidence on which it is said he hopes to obtain ten or twelve indictments against Siegel and Vogel in addition to those on which they were held on Wednesday and admitted to bail of $25.000 each. funds Involved. Benefit the of the crosing of the two New York great On eve department stores once controlled by Henry Siegel and both under were laid before Frank charges E. Vogel, District indictment, benefit At+ torney Whitman that the sick of the store's employes was hopelessly involved with the deposits in the Siegel private bank now defunct. More than 2.000 employes who will lose their jobs tomorrow heard that they were likely to suffer this loss in addition to their savings. The latest turn in the department store scandal was discussed today by and of the and by an the Meakin. corporation district secretary attorney examiner Siegel Robert store from McThe the state banknig department. fund was accumulated by weekly assessments of 2 per cent on the salary of the employes.
9.
March 14, 1914
The Detroit Times
Detroit, MI
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GIRL CLERKS OF HENRY SIEGEL IN DIRE STRAITS New York Failure Harder Blow to Poor Than Collapse of Carnegie Trust Company EVEN SICK BENEFIT FUND SWALLOWED UP One Young Woman Buried in Poter's Field, Another in Charity Hospital as Result NEW YORK, March 14.-When the doors of the Fourteenth-st. store and the Simpson Crawford Co. swung open for the last time today, 2,300 women, girls and men clerks, buyers and managers, went to their work with the realization that tonight hundreds of them must step upon the street practically penniless and with. out any immediate prospect of employment. The tragedy of the failure of the ventures of Henry Siegel and Frank E. Vogel, the collapse of the great stores and the wrecking of the private bank. which carried away the savings of hundreds of employes, stood out in bold relief today. As District Attorney Whitman and his assistants delved in records and accounts of the Siegel enterprises, declaring countless indictments might be returned against the two men already charged with grand larceny and accepting deposits in a defunct bank. charitable authorities were brought face to face with the problem of what was to become of the unfortunate employes caught in the crash. "The failure of the Siegel enterprises has hit the working people of New York as hard as any failure in the city's history," said Whitman today. "There seems to be evidence that Siegel is culpable. The district attorney's office will accept no com promise. Henry Siegel must pay." It was declared today that at least 850 employes of the Siegel stores lost their savings through the failure of the private bank. It is not believed depositors in the bank will receive more than ten cents on the dollar. The $5 and $6 a week clerks who will step out tonight jobless and with little hope of early re-employment have not only lost their savings, but the money taken from their salary which went into a sick benefit fund. Twenty and 30 cents deductions were made from the scant wages of these clerks. The sick fund was "loaned" to the Siegel bank. Now it is gone. Whitman declared that in this fund being swallowed up in "the hole which depositors thought was a bank." the poor workers of the city had been "hit harder through the Siegel failure than in the collapse of the Carnegie Trust Co." It was this beneficiary fund about which the majority of the six-dollarsa-week sales girls and male clerks with families to support felt most concern. An instance of what the deductions meant to the "small pay employes's was recounted by one woman clerk today. "One of the girl clerks. who had been with Simpson, Crawford & Co. for years. and who was supporting an invalid sister. died after a short 111ness a few days after the firm went into bankruptcy. "With everything running right." said the informant. "this girl's sister should have received-$100 from the beneficiary fund. She got nothing. The dead girl Ites in the Potter's field and her sister is in a charity hosp!tal." Still another instance was related of one of the wagon drivers who broke his leg a week ago. The driver, according to the story vouched for by two employes, went to a charity ward at Bellevue hospital. He had abso. lutely nothing to pay for medical at. tention. While many of the 2,300 girls and men who will go out when the stores close tonight, have secured positions elsewhere. the majority have nothing to fall back on. Those who have been fortunate enough to get other employment are the older ones who can command better salaries than the average Those who so far have been unable to get other positions are about 500 $5. $6 and $7-a-week sales girls, many of whom have been living in cheap boarding and rooming houses. Meetings of depositors in the defunct bank were held last night and today. and it was reported that five persons who lost their money in the crash had gone insane. Frank E. Champion, confidential man for Stegel and Vogel, is said to have promised to turn state's evidence and aid Whitman in obtaining additional indictments. Champion had charge of the private bank run in connection with the Fourteenth-st. store, and is said to have knowledge of the diverting of money to various Siegel enterprises without proper security or accounting.
10.
March 15, 1914
The Birmingham Age-Herald
Birmingham, AL
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TWO BIG SIEGEL STORES CLOSED Most of 2500 Employes Promised Jobs in Other Stores Tomorrow New York, March 14.-The Fourteenth Street store and that of the SimpsonCrawford Co., properties of Henry Siegel and Frank E. Vogel, who are under indietment in connection with the failure of the Siegel private bank and mercantile enterprises here, closed their doors tonight by order of the federal court in response to a petition by receivers and creditors. But for the assistance promised by other department stores and by charity workers and employment agencies, 2500 persons would have been thrown out of work. Most of them have been promised jobs Monday. however, and the others. it is expected, will find places before another week is out. Aisles crowded with patrons seeking last hour bargains, the arrest of a few shoplifters. the appearance of organizers of the Industrial Workers of the World, the reported presence of agente of ques-
11.
March 15, 1914
Bismarck Daily Tribune
Bismarck, ND
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2 STORES GLOSED BY THE COURT New York, March 14.-The fourteenth street store, and the SimpsonCrawford company store, properties of Henry Siegel and Frank Vogel, under indictment in connection with the failure of the Siegel private bank and mercantile enterprises here, closed their doors tonight by an order of ederal court in response to a petition by the receivers and creditors. But for assistance promised by other department stores, charity workers and employment agencies, 2,500 men, women and children would have been thrown out of work. Most of these were promised jobs on Monday and the others expected to find places before another week was out.
12.
March 15, 1914
Evening Star
Washington, DC
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ODD SCENES ACCOMPANY SIEGEL STORES' CLOSING Buyers, Shoplifters, White Slave Agents and Social Workers Mingle. Industrial Workers' Speechmaking Stopped by Police-Employes to Get New Jobs. NEW YORK, March 14.-The 14th street store and that of the Simpson Crawford Company, properties of Henry Siegel and Frank E. Vogel, who are under indictment in connection with the failure of the Siegel private bank and enterprises here, closed their doors tonight by order of the federal court in response to a petition by receivers and creditors. But for the assistance promised by other department stores and by charity workers and employment agencies, 2,500 men, women and children would have been thrown out of work. Most of these have been promised jobs Monday, however, and the others, it is expected, will find places before another week is out. Last-Hour Incidents. Aisles crowded with patrons seeking last-hour bargains, the arrest of a few shoplifters, the appearance of organizers of the Industrial Workers of the World, the reported presence of agents of questionable employment bureaus offering girls work, and the hysterical weeping of women who had lost their savings in the Siegel bank were incidents that attended the closing of the stores. Printed lists of reputable employment agencies and respectable boarding houses were distributed among the women and girls by social workers who had been informed of reports that white slave agents were mingling with the discharged workers. I. W. W. Speechmaking Stopped. Speechmaking by I. W. W. workers was stopped by the police. Hand bills bearing "a call to the unemployed" to organize were distributed inviting the clerks and shop girls to attend an I. W. W. mass meeting Monday morning. Members of the Girls' Protective League urged the employes not to attend the I. W. W. meeting. Several men who attempted to make street rner addresses to the departing employes advised them to steal bread if they got no opportunity to earn it. A committee representing the depositors in the Siegel bank called on the attorneys of Siegel and Vogel today and was informed that the partners had not prepared a new offer of settlement as the depositors were told last night. Cannot Make Offer. "In view of the present turn the case has taken it would be impossible for us to make any offer." said Louis S. Levy of counsel. "We do not want to hold up the hopes of the depositors only to shatter them. We will not countenance the offer of bad securities and the depositors can rest assured that whatever is offered with our sanction will be bona fide." BOSTON, March 14.-The 1,500 Boston employes of Henry Slegel & Co. were made happy today by the announcement that through a rearrangement of the sale of the bankrupt stock by the trustees another company would continue the business and retain their services.
13.
March 15, 1914
The Salt Lake Tribune
Salt Lake City, UT
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TWO MORE SIEGEL STORES ARE CLOSED Other New York Merchants Going to the Aid of the Employees. NEW YORK, March 14.-A little cheer came to the employees of the bankrupt Siegel stores here today with the announcement that John Claflin would place as many as possible of the 2000 in various department stores throughout the city in which he is in. terested. This announcement means that at least three large department stores will furnish positions to Siegel employees. It is expected that other merchants likewise will come to the rescue. The Fourteenth street store and that of the Simpson-Crawford company, properties of Henry Siegel and Frank E. Vogel, who are under indictment in connection with the failure of the Siegel private bank and mercantile enterprises here, closed their doors tonight by order of the federal court, in response to a petition by receivers and creditors. But for the assistance promised by other stores and by charity workers and employment agencies, 2500 men, women and children would have been thrown out of work. Most of these have been promised jobs on Monday, however, and others, it is expected, will find places before another week is out. Aisles crowded with patrons seeking last hour bargains, the arrest of a few shoplifters, the appearance of organizers of the Industrial Workers of the World, the reported presence of agents of questionable employment bureaus offering girls work, and the hysterical weeping of women who had lost their savings in the Siegel bank, were incidents that attended the closing of the stores. Printed lists of reputable employment agencies and respectable boarding houses were distributed among the women and girls by social workers who had been informed of reports that white slave agents were mingling with the discharged workers. Speech-making by Industrial Workers was stopped by the police. Handbills bearing a call to the unemployed' to organize were distributed, inviting the clerks and shopgirls to attend an I. W. W. mass meeting on Monday morning. Members of the Girls' Protective league urged the employees not to attend the I. W. W. meeting. Several men who attempted to make street corner addresses to the departing employees advised them to steal bread if they got no opportunity to earn it. A committee representing the depositors in the Siegel bank called on the attorneys of Siegel and Vogel today and was informed that the partners had not prepared a new offer of settlement, as the depositors were told last night. "In view of the present turn the case has taken it would be impossible for us to make any offer,' said Louis S. Levy, of counsel. "We do not want to hold up the hopes of the depositors only to shatter them. We will not countenance the offer of bad securities and the depositors can rest assured that whatever is offered with our sanction will be bone fide.''