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Decision has been reserved in the echo of the Glazier case, heard in the bankruptcy court Friday. The suit was brought by Receiver Dancer, of the defunct Stockbridge bank in which Glazier was a partner, to recover from the Security Trust Co., trustee for the Glazier estate, money advanced to Glazier on notes amounting to nearly $120,000. These notes were mostly given
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The Brush Detroit Motor Michigan selling agency for runabouts, has declared a 50 per cent in cash as the profit for the year just closed, in addition to a cash dividend of 10 per cent declared in June. The president of the company is Paul Hoffman. The selling agency is controlled by the Brush Runabout Co., the manufacturers of the Brush cars. The weekly statement of the clearing house banks of Detroit will not show any notable movement of money this week. Loans have increased about $800,000 and deposits have increased somewhat as well. There is an increase in reserves of more than a million, which takes up about one-half of the loss shown last week. The increase in loans is said to be due to the large advances on shipments from Detroit manufacturers, principally automobiles. ### THE DETROIT EXPORTERS' CLUB The Detroit Exporters' club met Friday evening for dinner in Lighthouse inn, and listened to an address by the guest of honor, Conrade de Cordero, president of the Export Trading Co., of Buffalo. Mr. Cordero spoke chiefly of the methods of enlarging the trade of the United States with the Latin-American countries. What is required, he said, is direct selling methods, agencies in the principal cities, and a careful study of financial and shipping customs of South America. The world's trade with South America amounts to two billions and a half. Of this the United States gets only 25 per cent. The trade with South America, however, is showing signs of increase and we will easily get our share if American exporters go after it, he asserted. Mr. Cordero is the guest of A. H. Zenner, of the Zenner Disinfectant Co. He will stay in town a few days, familiarizing himself with the trade conditions and the possibilities of the export business in Detroit. The Detroit Exporters' club is an outgrowth of the Board of Commerce, fostered by James B. Van Vechten, of that hustling organization. Its object is to stimulate interest in and extend the export trade of Detroit manufacturers. Decision has been reserved in the echo of the Glazier case, herd in the bankruptcy court Friday. The suit was brought by Receiver Dancer, of the defunct Stockbridge bank in which Glazier was a partner, to recover from the Security Trust Co., trustee for the Glazier estate, money advanced to Glazier on notes amounting to nearly $120,000. These notes were mostly given for stove company stock with the understanding that they were not to be collected, and Glazier would take back the stock if required, Glazier discounted them at his bank, taking up his own paper for them. The complainant claims recovery from Glazier because it was on account of his arrangement that the bank cannot recover from the makers. The defendants' claim that if the bank cannot recover from the makers, it cannot recover at all. One of the notes for $50,000 was signed by Mrs. Glazier, but when the bank sued she availed herself of her right as a married woman to repudiate. This note was supposedly secured by some government bonds that cannot be found. The case was argued before Referee Davock. Senator Tuttle appeared for the receiver of the Stockbridge bank, and Selling & Oxtoby for the Security Trust Co.