The sun. [volume] (New York [N.Y.]) 1833-1916, 1879-05-08
MR.. HAYES'S FRIEND IAYT.
THE INDIAN COMMISSIONER AND HIS
ASSOCI1 res INDICTED.
The Tudson County, y. j., Grand Jury Pre-
sent Biils a gninst Three Of the International
Trusts Dircctors-No Arrests Yet Made.


sent bills gnInst Three Of the International
Trusts DirectOrs-No Arrests Yet Made.
Tho announcement In yesterdays SUN
that Indian Commissioner Ezra A. Hnyt, the
President; y. d. Carr. tho Secretary. and O. NJ.
Field, n director OF the International Trust
Company OF Jersey City. had been indicted by
the Hudson County Grand Jury. created great
excitement in Jersey City. At an early hour
yesterday thronR Of depositors in the defunct
institution gathered about the Court House.
Astonishment was expressed by many that the
Grand Jury had not found true bills against all
the officers OF tho bank. whilo others main
tanned that the wiser course was to conGne tho
punishment to the principal persons RESPONSE
be for the Encouragement OF the bank. In the
hope that the majority Of the Board Of Directors.
impelled by tho incentive Of impending indict-
mont. would make strenuous efforts to convert
the assets into dividends In the most e1pedl-
tious and satisfactory manner.
At II o'clock tho Grand Jury met in the room
OF the Board Of Freeholders. District Attorney
McGill submitted the indictments which no had
drawn against Hayt Carr. and Field TO
Foreman Nichol for his signature. At this
stage in the proceedings the friends OF the
three ON GERS made n final attempt to procure
the dismissal OF the bills. motion was made
10 reconsider their cases and u short but Wig
orOus debate cnsucd on that proposition. When
votc was taken tho motion was defeated by "a
sTnnll majority.
The ease Of director II. s. Torbcll was then
taken up. After prolonged discussion 1t was
resolved 10 dismiss the bill against him.
The Grand Jury disposed OF some routine
and unimportant business, and marched in
double ile into the Circuit Court whore judge
Knapp Iv was grrsanT ni 6osa nsans
Hayt Carr. and Field. and three presentments
affecting local matters. Tho Grand Jury were
thereupon discharged and retired.
Prosecutor McGill does not intend 10 make
any effort to arrest Hayt OF his two associates
until ho has had an opportunity to confer with
the Court in reference TO their cases. They are
all now out OF the state OF New jersey. and con-
sedleniy beyond NE jurisdiction oi i l2cai pro-
voluntarily surrender himself so soon ms he
learns Of his indictment II not, he Will be taken
Mr. G. NJ Field is member of the firm Of
Field. Morris Fcnner the Broome street auc-
tionrers. lie resides in pleaSant and luNNu-
Field said last evening that he had not been no.
titled that the Hudson County Grand Jury had
Il don't know on what grounds they indict
mo. have had nothing 10 DO with the financial
at I1's tRe earnest RI ST. soetaSn Of Mr. H"y whom
have known from bOyhOod and against whom
| have known and now know nothing l
took out u policy on my wifc's and my own life.
and thnl's about all mad To do with the concern,
| became director because 1t seemed best 10
have New York business men represented in
the Board. thought was IN good company.
md when the reports OF the Finance and other
committees Were presented never questioned
them. They looked all right, and had every
reason to suppose they were. The company lost
through the depreciation Of real estate Of which
IL has some In Westchester and some in Oswego.
] don't know on what information the Grand
Jury indicted me but am quite sure that my
notions will bear the light OF Investigation.
Several prominent men In Jersey City. with
whom wns recently TALKING about the matter
coming before the Grand Jury. said that there
Secretary Carr could not be found yesterday.
His name does not appear Ia the jersey CITY
directories. and he is supposed 10 DO out OF the
Ii is said tha, tho Grand Jury at one time
found bills against all tie directors, including
Bennington +, Randolph, lsnnc W. srudder 4.
y. Patterson. Nelson Dunham. II. ;. Tcrbel ID.
! j. steward aud L. G. Delayan The cases Of
those last named had tson recommended, and
the bills against them dismissed.
The evidence laid before the grand jurors on
which tho indictments nrc based has not been
10 know the facts that It was of much more
startling character than the examiners report
presented. Prosecutor McGill declines 10 say
anything about the nature OF the cases until the
proper time shall come. and the indicted
Indian Commissioner Hayt was not heard
from yesterday after his sudden departure
from the Park Avenue Hotel on Tuesday night.
lie holds "a fat oillce under Hayes, however.
one Of his associates in tho Trust Company
examines dry goods in the Indian Bureau. and
some OF his friends have fat Indian contracts
so that IL is believed he is sure TO CONE for
ward and stand tTa whenever he Is wanted
in Jersey City. When tho charges against
Hayt were first published it is said that Carl
his honesty. and Mr.. h. b. Hayes has also ns.
sured him Of his high opinion OF him. Some
Of Hayts sunchest bakers nro men VINO are
his heaviest creditors. They wnnt him to keep
in office, Whatever happens, and look Tor good
financial rcsults-to themse lNcs-ir1m his ad-
ninistration. One Of the heaviest losers by
Hayt when asked II he thought It was Tor the
interest OF the peope 10 have such man in
on &C. made reply: B st man In the world; II
would ho impossi9le tor any Indian agent TO
"a o. ,