The Brooklyn Daily Eagle from Brooklyn, New York • Page 1

THE BROOKLYN DAILY EAGLE lo Credit Couifdn CUT THIS OUT. APRIL 7. FOUR O'CLOCK. Volume Tli All. 1X1 NEW YORK CITY THURSDAY.

APRIL 7. 1910. 28 PAGES. THREE CENTS. in this borough.

Mr. McMahon was iden CROWD IN FRONT OF BOROUGH BANK. TAKEN ON HONEYMOON a small affair, was Boon outgrown by Mr. Sullivan, who was becoming unfavorably known In local financial circles because of his aggressiveness in going out after deposits. In March, 1905, he secured control of the old Union Bank, and merged the two Institutions.

A third party to this merger was the Atlantic Bank in East New York, which had been established by Mr. Sullivan as an offshoot from the Stuyvesant. Mr. Sullivan was elected president of the merged banks, succeeding ex-Senator Stephen M. Griswold, who had been president of the Union Bank, and in August of 1905 the Union and its branches was merged with the Merchants Bank on Broadway.

In December of the same year another bank was added when the Seventeenth Ward Branch was absorbed. With the acquirement of the People's Bank on Broadway, the old Mechanics Traders had absorbed three outside banks wiihin eight months. in 190S two-more institutions were added to the Sullivan chain when the Market Branch of the Peoples Trust Com TO CLOSE ITS DOORS AFTER A HEAVY State Superintendent of Banks Takes Charge When Cash Reserve Falls to of Deposits. I SEQUEL TO UNION'S Depositors and Stockholders Will B9 Paid in Full, Says President Shears City Funds on Deposit. The Borough Bank went under to-daf.

Its in office, at 1H Court street, and its single branch, the Eighth Ward Branch, at Third avenuo and Fifty-first Btreet, were closed by order of the state superintendent of Banks, O. H. Cheney, proba bly never to reopen as the same institutions. Inability to withstand a run of a day's duration, in which deposits approximating $116,000 were withdrawn by depositors, who had been made uneasy by tha closing of the Union Bank on Tuesday, was tho Immediate cause of the suspension. The remote cause was a shrinkage of deposits to the extent of more than.

$1,500,000 in the course of the two years since the reopening of the instltutioa after the panic of 1907. When the Borough Bank reopened two years ago this. month it had a cash reserve of $1,400,000. On Monday the reserve was about $275,000. Last night It had been drained to less than $140,000, or about 10 per ceut.

of tho total deposits. The law requires a reserve of 20 per cent, for banks In Brooklyn. The situation' was tho subject of an earnest conference at tho State Banking Department offices in Manhattan yesterday. Superintendent Cheney had called the officers together and told them that the bank could not go on in this manner. In the evening a meeting of tho directori was called and held at Mr.

Cheney's As in the case of tho Union Bank, tho directors were informed that cash must be forthcoming or the doors must close. Tho formal notice of the closing was posted this juoeiriuy beforer the opening -hour, and It'caused consternation among business men in the Borough Hall ami Bay Ridge sections. It was with muclj eclat that the Borough Bank resumed business ill April, 1908, after the panic, with a former bank examiner, Broc R. Shears, as its president, and with an ar rangement to clear through tho Chase) National Bank. Run on Main Office and Branch aj Heavy One.

The run yesterday was not a big one. but It was a steady stream throughout the day, and many accounts running as high ss $5,000 were withdrawn. Th9 Eighth Ward Branch, in Bay Ridge, was subjected to a severe strain. So largo were the withdrawals that a special messenger had to tie dispatched downtown to get $50,000 cash from headquarters. The embarrassment of the Borough, Bank was guessed In a good many quarters, but it was not generally known.

In fact. President Shears and his associates were proud that the Institution had paid off all its old depositors and seemed to bo on the high road to prosperity. The said that they would still bo doing business If the run had not come yesterday. Monday night lie deposits were "up tot the notch," It was said; that Is, up to the iiO per cent mark. Statement by President Shears Says' Depositors Will Be Paid in Full, President Shears, who undertook that tified with many financial institutions.

At various times he was a member of tho i namDcr ot commerce, a director in me People Trust Company of Brooklyn, a trustee of the London and Lancashire Fire Insurance Company, vice president of the Savings Bank AiBOciation of the State of New York, vice president and chairman of the finance committee of the Irish Emigrant Society, a director of Hie Brooklyn Institute, and a vice president of the Society for the Prevention of Cruelty to Children. On March 21. 1900. Governor Roosevelt appointed him to take tho place of Silas B. Dutcher on tho board of management of the Long Uland State Hospital.

Ho continued his activity In political and philanthropic affairs long after his retirement as head of the Emigrant Savings Bank and the continuing keenness of his mind and innate virility is evidenced by the fact that at the age of 79 he took a third wife. FOUR UNEMENFALL 40 FEET High Wind Causes Cable Support to Break. Two of the Men Are Badly Hurt, but Others Escape With Slight Injuries. High wind at noon to-day caused four linemen who were splicing cable at the corner of Rockaway avenue and Avenue to take a bad tumble of forty feet when a cable from which they were suspended broke suddenly. Two of the men, Tony UunderBon, 36 years of age, of 5219 Fifth avenue, and Neil Nelson, 34, of 336 Fourth street, received Internal Injuries and may die; the others.

John McGulre, 24. of 128 McDoiigal street, and Thomas Riley, 30, of 798 Bedford avenue, hit their companions in falling and escaped prac tically uninjured. The two Injured men were taken to St. Mary Hospital. All four of tho workers were suspended from separate board swings, busy splicing a broken cable.

'yhe wind swung tiiein oaoti aud forth and broke the cable from which they were hanging. The two in the middle, Gunderson and Nelson, hit the pavement and tho others tumbled down on tap of them. Ambulance Surgeon Madden of St. Mary's Hostpltal, was called and attend ed all four. He sent McGulre and Riley home, as they had sustained only a few scratches and bruises.

JURY FAILS TO AGREE Case of Most Unusual Sort Puzzles Talesmen. Man Claims Damages From City for Injuries Eeceived by Wife, Who Has Since Died. An action of unusua nature, so puzzled a jury yesterday, in the Supreme Court, before Justice Scudder, that they struggled with it for about nine hours and then were unable to agree. Tho question at issue was whether or not the city was responsible for a woman's death in a suit brought by her husband to recover $20,000 damages. The plaintiff In the case was James V.

S. Duffy of 119 South Second street. Expert medical testimony was Eivu on both aides of the appeeiVd that on Junuary 1909, Mfti. Duffy, while walking along the Btiet, fell on a piece of ice and fractured a leg. The Ice came from the drip of a defective leader on the house directly in front of the icy place.

Mrs. Duffy brought suit against the city, and her complaint was dismissed, but her attorney took the case to the Appellate Division, and it restored her action. In tho meantime she had died of diabetes. It Is said. Then her husband brought the suit as administrator of her estate.

On the trial before Justice Scudder it was claimed by the husband that the death of his wife was caused by the Injuries she received by the fall. Physicians for the plelntlff took the same view, but other physicians for the defendant were of the opposite opinion. The Jury tried hard to agree, and when they failed they were discharged by the court. HANAN MUST PAY FOR FURS. Shoe Manufacturer liable for $1,588 for Wife's Expenses Before Divorce Suit.

Alfred Hanan, of 1734 Broadway, Manhattan, a member of the shoe manufacturing concern, was to-day adjudged by a Jury in the City Court, in Manhattan, after a trial before Justice Delehanty, liable for a bill Incurred by Mrs. Clara M. Hanan, who obtained a decree of divorce from him two years ago, to Richard Haas, for furs purchased by her in 1905 and 1906, prior to the Institution of her divorce suit, and for furs altered at her request. The amount sued for by Haas was $1,300, and the jury found a verdict in his favor for $1,588.12, which includes interest. The testimony given by Haas showed that Mrs.

Hanan purchased a while Astrachan coat, a Russian scarf, a white fox scarf, and some other furs, besides getting some articles which she had altered. TO SETTLE COAL STRIKE. Tentative Agreement Beached at Con. ference Held Between Mr. Frick and Labor leaders.

Washington, April 7. Tentative agreements looking toward the ending of the coal and steel strikes in Pennsylvania, which have thrown thousands out of employment, were discussed at conferences here yesterday, participated In by Henry C. Frick, Senator Penrose, John Mitchell, former president of the United Mine Workers of America; President McArdle, of the Amalgamated Steel Workers, and other labor leaders. The result of the conferences, which are to be renewed, practically will assure the settlement of the coal strike and the steel workers and officials of the United States Steel Corporation were drawn closer together with prospects of an end- of difficulties In the near future. TO BUILD PICTURE THEATER.

Assemblyman Gale leases Flatbush Avenue Property From Percy O. Williams. Another theater of the moving picture-vaudeville varletv will he erected In (he heart of the borough In the course of a few months. Assemblyman Cyrus Gale, wno runs a.nicKeiooeura on Kintousn ave- nine Iitltnn Btreet hue I owl property at Flatbush avenue and Stale street, from Percy G. Williams for th purpose of const ructlnr a moving picture house there.

Work will soon be started on tho building, and it Is expected that It will be finished In time for shows to bo held during tho summer months. Dcnty'i Sparkling Mnaelle. Just like Champac n. H. T.

Dewey Sons 133 Fulton St, N. T. -AUr. BF 78-YEAR-OLD fcjird Marriage of James Mc Mahon Equals Love Affair of Young Swain. SISTER-INLAW IS BRIDE.

bridegroom Is Well Known Brook-lynite Family Will Not Discuss Affair. Culminating a long life cf distinguished endeavor with as romantic a marriage as might have been expected of a swain one-fourth his years, James McMahon, for over fo-ty years one of Brooklyn's most prominent men, last night contracted his third marriage, and dcBpito his 79 years in said to be thoroughly enjoying his honeymoon at Atlantic City, where ho Immediately took his bride. Mr. McMahon's bride Is Miss Mary Helena Dcvercaux, his second wife's Bister, who became his usekceper upon the death of the second Mrs. McMahon.

She is 60 years of age. The ceremony, as far as can be learned was performed at the Church of the Visitation Verona and Richards streets. Very llttlo could be learned at the family home, at 87 McDonough street, this morning, it being slated that the aged bridegroom and his new' wife had departed quietly for the New Jersey watering place just as soon as the words James McMahon. hod seen said which made them one. The new housekeeper in charge had only I.

ccn engaged this morning and the, therefore, could give very little information concerning tho marriage. I she know was that Mr. and Mrs. accompanied by tho family lOHi'hmjn and two trunks, had left tho city last night, with the announces purpose or going to Atl.uitle City. At the ofm-e of Joiph T.

a nn, who hue a real' estate business nt JSS Montague street, "and whois 'ar-vcrj' well-known tennis player, nothing be learned, for the reason lhat just -as soon the marriage was performed the younger Mr. McMahon also left in order 10 avoid reporters. Prominent in Brooklyn Affairs. Very few men have had a more active or prominent hand In Brooklyn affairs than JamcH McMahon. He was for many years the head of the Emigrant industrial Savings Bank, resigning the -presidency in Janunry.

1906. Ho was also one of the founders of the firm which ultimately came to be the FaBtcn-McMuhon Transportation Company. Hs continued to take a deep interest in tho manifold interests of the greater city and tho borough after his retirement from the Emigrant Savings Bank, and ho was one of the committee of nine which nominated Mr. Gaynor for the office of mayor. lie has a reputation as an educator, a mathematician and a physicist, having obtained gold medals for mental philosophy and as an author.

Mr. McMahon's second wife died last Bummer. Miss Mary Helena Devereaux, his present wife, made her home at tha McDonough' Btreet home during the life of her sister, and after the hitter's death she undertook the position of housekeeper. Although it was known that there was a feeling of great affection between Mr. McMahon and his housekeeper, no one suspected thaf they contemplated marriage.

Tho news of the ceremony, therefore, caused intense astonishment when it became known. Had a Varied Business Career. Mr. McMahon was born in Franklin County, N. in October.

1831, but received his schooling in Rochester. N. where his parents later removed. In his younger manhood he tried his hand at tho book business, in the carriage making business with his brother, and In the mercantile field, but with little success. His rise dated with his appointment to the position of deputy grain measurer In New York City in 1864.

He established hiB home in Brooklyn at that time. Within a short time from the date of his appointment as deputy grain measurer, Mr. McMahon and James T. Easton of this borough organized tha "Protective Grain out- of which the great, firm of Easton, McMahon t'o. eventually developed.

When the Federal Government, in the days of the Civil War. made a requisition on the tonnage of the Camden and Am-boy Railroad, which had a monopoly of the growing traffic between New -York City and Philadelphia, Easton, McMahon established a line of propellers between the two cities and enjoyed a profitable revenue until the Camden and Amboy regained its former carrying power. In 1877, Mr. McMahon, because of certain changes, retired from the firm and It Is a significant fact that the company began to lose money soon after. Finally at the solicitation of parties Interested Mr.

McMahon resumed his association with the firm and in 1881 he reorganized the business, making It a stock corporation known as the Easton and McMahon Transportation Company. He was elected its president, but retired finally in 1886. In the meanwhile Mr. McMahon had become Identified with the Emigrant Savings Bank, his -connection dating back to 1878. The Emigrant later came to have the largest number ot depositors of any savings Institution In the city.

He was president of tho bank for many years. Mr. was nt one time a member of the Board of Education of Brooklyn. He was one of Mayor Low's valued assistants, aiding him In the reforms un-j dertaken by him, and he also took a prominent part in the movement which I resulted in the consolidation of the va rious boroughs in 1898. serving as treasurer of the Consolidation League which was organized In Mr.

McMahon was always actively Interested in charitable undertakings, serving ns a member of the Catholic Orphan Asylum Society, and' ho was for a long time a truHleo of the House of Good Shepherd. In addition he belonged to a number of other charitablo and philanthropic societies, lu the course of his active business lift Is Take Carriage Drive From Spezia Along the Slopes of the Ligurian Alps. REACH GENOA ON SATURDAY. Pope Expresses Regret That He Was Prevented From Meeting the Ex-President. Spezia.

Italy, April 7. Theodore Roosevelt and Mrs. Roosevelt began to-day the carriage drive along the sunny slopes of the Ligurian Alps, the roal they followed as bride and bridegroom twenty-four years ago. The day was as beautiful as could be wished. They expect to reach Genoa late Saturday.

A carriage was 111 waiting when the Roosevelts arrived here by train from Rome, at 8:30 o'clock this morning. W'lthin a few minutes their baggage had been transferred and no time was lost in making the start. A little group of Italians who, with bared heads, watched the two from a respectful distance, was rewarded with nods and Bmlles and as they drove away Colonel Roosevelt looked back and waved his hand In farewell. Both Mr. and Mrs.

Roosevelt appeared In excellent health and rare good spirits. Stops will be made at the little taverns in the old Roman towns that are perched picturesquely on the summits of the foothills. Mr. Roosevelt's request to the Italian as well as the American correspondents that they be allowed to enjoy seclusion during the drive was observed. On the evening of April 12 the Roosevelts will leave Porto Maurizio for Vienna, stopping at Venice for a day en route.

Pope Regrets He Was Prevented From Meeting Roosevelt. Rome, April 7. Some of the prominent ecclesiastics who were received by the Pope to-day managed to introduce tho subject of the Roosevelt Incident. To these the Pontiff expressed the deepest regret that he had been prevented from meeting and speaking with tho former President, but he gave utterance to no opinion, regarding the negotiations or the deadlock that followed. The incident continues to be a live topic of popular discission and Is emphasized by what the Liberal press calls the new mistake of Cardinal Merry del Val, who had before prevented the Choral Society of Cologne being received by the Pope because the society visited the Quirinal and sang before the Italian sovereigns.

In spite of the fact that every year hundreds of persons aro received by King Victor Emmanuel and afterward admitted to the presence of his holiness. The Mo8sagero to-day says: "Within a few days Cardinal Merry del Val has shown discourtesies to the most beloved American citizen and to a gathering of the most beloved persons of Germany, and, indirectly, to the King of Italy. As long as this young and audacious Spanish cardinal dominates Leonine CUy, the Italian, Liberals must be ou tiiolr guard." 'According to other newspapers, Cardi-ulal Merry del, Val refused a papal audience to the 150 members of the Cologne Choral Union, because they had been received and had sung at th Quirinal. At the Vatican this afternoon it was denied officially, that a Papal audience had been refused to the German singcra. It was Bald that the members of the Cologne Choral Union had left the city before an audience could bo arranged.

Merry del Val Blamed. Paris. April 7 The Matin to-day claims that the treatment of Mr. Roosevelt by the Vatican meets with disapproval in the highest and most important ecclesiastical circles, including many members of the Sacred College, who hold Cardinal Merry del Val, and not the Pope, responsible. These prelates point out that Mr.

Roosevelt has always shown the most profound respect for the Catholic Church, and now that Church has offended him. The Matin thinks that the adversaries of the papal secretary will seize the incident as a weapon to break down his authority and prestige. VOTE OF CONFIDENCE. Saratoga, April 7 Resolutions of confi dence in the course pursued by the Methodist Church In Italy were adopted by the Troy Conference of the Methodist Episcopal Church here to-day. RECEPTI0NJ0 ROOSEVELT.

Cornelius Vanderbilt Appoints Com mitteesHimself Chairman of the Executive1 Body. Cornelius Vanderbilt, chairman of the Roosevelt reception committee appointed by Mayor Gaynor, announced through the secretary of tho committee, Captain Arthur F. Cosby, to-day, the appointment of the following committees: Executive committee Cornelius Vanderbilt, ex officio, chairman: Otto T. Ban-nard, B. W.

B. Brown. Eugene A. Philbin, William B. Ellison, J.

Sergent Cram, Louis Stern, Elbert H. Gary, Henry L. Stlmson, William Loeb, Robert C. Morris, Lewis Nixon, James R. Sheffield, Captain Arthur F.

Cosby, Frank R. Lawrence, James E. Sullivan, Ludwig Nissen, John A. Sleicher. Herman A.

Metz, James Bronson Reynolds. Timothy Healy, William D. Murphy, Judge James W. Gerard. Philip Rhinelander, Frank L.

Dowling, Tristam B. Johnson. Finance committee J. Edward Swan- strom, chairman: George R. Sheldon, William O.

McAdoo, James G. Cannon, Robert W. DeForrest. Henry Clews. William Berrl, John Claflln, Henry.

Siegel, Louis Wlndmuller, George C. Boldt, Willis L. Ogden, John Henry Hammond, James Speyer, E. W. Bloomlngdale, Jacob H.

Schiff, Francis Key Pendleton, Cesare Contl. Harbor display committee R. A. C. Smith, chairman; Arthur Curtis James, Commodore N.

Y. Y. James S. Clark-son, Paul Morton, Henry L. Stoddard, George Cromwell, August Heckscher, Gustav H.

Schwab, Rear Admiral Leutz, Commandant Navy Yard; Lloyd C. Grls-com, Nathaniel A. Elsberg, F. B. Dal-zell.

William C. Towen, Brooklyn Yacht Club. Committee on procession Major Gen eral Charles F. Roe. chairman; General McCoskry Butt, Maurice Simmons, Com mander United Spanish War Veterans: General J.

F. Pierson, William McAdoo, William E. Wilcox. Colonel H. H.

Tread-well, Colonel Charles H. Crowley. General George W. Wingate, John Schraers, John A. Stewart, William Blatt, Joseph H.

stelnnarnt. BISHOP CAMERON DEAD. Antlgonish, N. April 7. The Right Rev.

John Cameron, Bishop of Antlgonish and the oldest. Roman Catholic bishop In America, died suddenly Rt the Episcopal residence here, last night. He was born in 1827. Anlomolilllna; on l.onir liilfinil can be very much simplified with an Kaglft Auto mobile Ouide. Replete with maps.

Trice 60c. -Adv. pany and the Dealers Bank in the Wal-1 labout section were taken over and these deals were followed swiftly by the acquirement of a control in the and Traders of Manhattan, the old member of tho New York Clearing House. The Mechanics and Traders was at. the time of the merger with the Union Bank in the control of F.

R. Thomas and his associates of the Heinze group of speculators. F. R. Thomas and O.

F. Thomas and F. A. Heinze were all retained in the directorate of the Mechanics and Traders. The Mechanics and Traders weathered the first "blow" of the financial cyclone of 1907 because of the support It derived from tho Clearing House for sentimental reasons; but it finally succumbed when that support was withdrawn.

Details of the receivership and the subsequent resumption of the Institution as the Union Bank and its final auspetiFion li Monday are fresh in lhi roi rnory all. SCHWARTZ A HERO ONCE Man Accused of Central Islip Murder Saved Many Lives. (Special to The Eagle.) Central Islip. L. April 7 It is strange that, through the incomprehensible workings of fate, Albert Schwartz, now confined in Riverhead jail on the charge or murdering Irving O.

Nelson of this village, last September, should at one time himself have been the means of saving many lives. Yet such is the case. At about midnight on February 3, lltOu. the hotel of John Fisher, here, caught fire and. with its contents, was entirely consumed.

Schwartz at that time was employed around the hotel and was up late waiting for some carriages to come in to the stable. On entering the hotel he smelled smoke and on opening a door leading into the hallway was almcet overcome by a sheet of llames. Realizing that besides Mr. Fisher and family there were many guests in the house, Schwartz rushed through the smoke and flames and up the stairway, arousing Mr. Flnher first: then together the two went from room to room, spread ing the alarm and telling the guests ,0 pm-nnp thrniif-h their wimlnws a It was I impossible to go back bv the'stairs.

In this way every person in the hotel wao saved, although the building and every- thing it contained were destroyed. THE COMET. Hallcy's comet rose at 4:31 A.M. today; it will rUe at 4:27 A.M. to-morrow.

Sun rises 5:29 A. the comet thus preceding the sun In rising by one hour; hence should be easily seen by naked eye, low in east, after daybreak. Speed to-day 1,679 miles per minute. I.OC A IS A II llV HOB A HI IT IKS. Fair anil collier to-nlicht, with froatt Friiluy, full) moderate went to north vtinilM.

MAN KILLED ON CRUISER. Defective Boiler Tube Burst on the Maryland. San Francisco, April 7 Captain James C. Gillmore, commander of the cruiser Maryland, has confirmed the report of an accident to the cruiser In the following wireless message to the Associated Press: "A defective boiler tube burst on April 2. Man scalded and died yesterday.

(Signed) "GILLMORE. TAFT URGED TO GO May Reconsider Decision Not to Stop Off at Indianapolis. Was Told Such Action Would Be Con strued as Weakening on His Part on Tariff Issue. Eagle Bureau, -fl8 Fourteenth Street. Washington, April 7 It looks to-day as though President Taft would stop over in Indianapolis on his way to St.

Louis, after all. it is now stated 'officially that the matter is under consideration, and at the same time a prominent Republican senator is responsible for the positive statement that Mr. Taft will carry out hiB original intention and speak In the Indiana town. Pressure has been exerted on the President to brave the tarlft insurgents in the Hoosier State. Senator Crane visited the White House last night and had a long talk with him.

It iB the understanding here that Crane was sent as an emissary from the high protection men of the Senate Aldrich. Hale, Smoot and the others who expect to make a fight during the next six months in support of the unpopular tariff law. These men were displeased and somewhat demoralized when tbey heard yesterday that the President had cut out his proposed stop at Indianapolis. They were afraid this would be construed by tho public as a weakening on the part of the President ou the tariff Issue. Senator Crane told the President that his party associates in the Senate were of the opinion that it would be a fatal mistake not to speak at Indianapolis.

It would be taken as an abandonment of the tariff field after the insurgent Republicans, headed by Beveridge, had "kicked the stomach off the Aldrich law," to use the words of the senior senator from Indiana. This message has had its effect. It was admitted at the White House to-day that telegrams have been received from former Vice President Fairbanks and other prominent Indianians, urging the President to carry out his original schedule. Other telegrams of a similar nature are coming. It is stated that the President has not replied to any of these messages, and will not until all have been received.

Then he is expected to say that he will bo the guest of the Indianians and make a speech. DAHLEN'S MEN SEE TAFT. Twenty Members of the Brooklyn Club Introduced to the President. Eagle Bureau. 6n8 Fourteenth Street.

Washington. April 7 Twenty members ot the Brooklyn Baseball Club, headed by Charles H. Ebbets and Treasurer Henry Medicus. were introduced to President Taft at the White House to-day by Congressman Caldcr. The President greeted each member of tho team individually and expressed his pleasure at meeting the spangled heroes.

Mr. Ebbets invited Mr. Taft to attend the ball game this afternoon to root for the Superbas. but the President, after learning that it was merely an exhibition game, declared it was Impossible for him to see any game except those in the actual championship series. He said he was greatly interested in the national game and expected to see several contests this season.

It is doubtful If to-day's game will he played, as up to noon the weather was cold with a high wind blowing. Overcoats were quite conspicuous along Pennsylvania avenue. FIRE IN STEAMER'S BUNKERS. Beachy Head. England, April 7 Fire broke out In tho bunkers of the British steamer Calrnrona after the vessel sailed from London for Portland, yesterday, and caused her to put back to Dover this afternoon.

The passengers were transferred to the steamer Kanawha, which accompanied tha other into port. SO to California and Pacific Coaat via WcBt snore B. Ft. 3 via N. Y.

Central, UNION BANK SUES FDR BIG LOAN TO Former President of Old Mechanics and Traders Defendant in $300,000 Action. GROUT SUES FOR BIG SUM, Collateral Deposited as Security for Loan Apparently of Little Value. Bank's Realty Investments. David A. Sullivan, who was president of the Mechanics and Traders Bank, the predecessor of the Union Bank which closed its doors last Tuesday, has been made a defendant in a civil action brought against him by Edward M.

Grout on behalf of the Union Bank to recover the sum of $300,0000, which, it is ellegea, Sullivan borrowed from the bank during his presidency on what Is considered to have been insufficient collateral. This sum of $300,00 Is gross, according to Mr. Grout, and does not take Into account the collateral which has been held by the Union Bank since 1907 or prior thereo ns security for the loan. The real particulars of the suitould na't be ascertained to-day beyond the fact that a summons was served on Mr. Sullivan on Monday of this wek, the day before the Union Bank suspended.

When Mr. Grout was asked about the suit, he replied that he had nothing to say and seemed at a losa to underetand how information concerning It had leaked out. Neither as an official of the bank, which is the plaintiff In the action, nor as the nominal attorney for the bank, could he be induced to make any statement concerning the suit whatever. He acknowledged, however, that a summons had been served and added, when he was advised that The Eagle knew the amount for which Mr. Sullivan would be sued, that it was the gross amount and included the value of the collateral.

Collateral on Which Loan Was Based Apparently of Little Value. This is considered an ominous admission and is construed to Indicate that the collateral which the bank has been carrying against the Sullivan loan Is not worth very much. It was also admitted that the real estate holdings of the Union Bank are much larger than appear in the bank's statement, due to the fact that collateral for many loans, when sifted down, would be found to be real estate. This second admission, it is said, has a direct bearing upon the character of tho Sullivan securities. The Union Bank, ic was well known, financed the recently-completed Liberty Avenue Theater building in East New York, and it can be stated on competent authority that tho site upon which the theater building stands was owned by Sullivan and was sold to the Mechanics and Traders' Bank by him.

Mr Conceived Liberty Avenue Theater Project. The scheme to erect a large building in which should be Included a theater, lodge rooms and reception halls, was the product of Mr. Sullivan's fertile brain, and work on the structure was commenced several months before the crash came in 1907. During the receivership of the bank, subsequent to the failure of 1907. work on the project was suspended.

It was resumed, however, by the Grout regime and carried to completion. The work was done through the Shetland Company, a real estate corporation, owned by the Union Bank and occupying offices in the Temple Bar building Imme diately adjoining the directors room or the bank. The theater was opened two months ago and is operated by the Liberty Avenue Theater Company, of which Al. H. Woods is president.

Mr. Woods owns 60.000 shares of the stock and the Shetland Company the remainder. Bank Tried to Borrow $150,000 on Theater Property. A few days prior to the suspension of the Union Bank, an attempt was made by the bank officials to obtain a loan of $150,000 from the Title Guarantee and Trust Company the property: but tho title company. It Is said, refused to advance the money.

Then, It is said, came the decision of the bank to sue Mr. Sulli- Other real estate companies in which the Union Bank became Involved because of tho activities of Mr. Sullivan during his presidency are the Briarwood Estates, tho Essex Lee Company, the Onslow-Moore C'ompanv and the Princess-Anno Company, fheofficers of the Briarwood Es-ore in Jamaica, near the develop ment controlled by the company: the others are at present domiciled in the law office of Gilbert Elliot on the tenth floor of the Temple Bar Building. When information concerning these was sought from Mr. Elliot this morning it was refused.

Mr Now Officer and Director in a New Jersey Trust Company, notrid A Sullivan Is now an officer and director of the Commonwealth Trust Com pany of Hoboken, N. J. It la sam sir. Sullivan promoted the establishment ot the trust company shortly after the disastrous climax of his banking career in Brooklyn. Originally a lawyer, Mr.

Sullivan made his first entry Into the world of finance as president of the Stuyvesant Heights Bank, which opened In 1902. He succeeded Henry B. Haigh In that capacity. But the Stuyvesant Heights Bunk being BROC R. SHEARS PRESIDENT OF THE BOROUGH BANK CF BROOKLYN.

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