New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-02-04

Grand Jury in the bank cases fnliIp ou. ..
who has a certified check for 81 .boo on ole
Lenox Hill Bank and who has mace one s Ci s nc
Intellectual attempts TO procure warrant lot 'ne
arrest of the officers of the bank. may Le
witness before the Grand Jury in day OF two'
NO BAIL FOR CLAAssEN AND PELL
P.J. Claassen and George II. Pell were taken
to the Federal Building from Ludlow street Jan
vosterdav morninc They made an attempt to
secure the bail demanded of them, but were u'i,
successful. Relatives of Mrs. Pell, VINO own Ie"l
estate in NewJersey, offered to ave secay lUr
Rose who examined them as TO thelr pIope55SE'
was not entirely satisfied. lie wished an auui,
tional bondsman, and one viii propapN pe lo. liz
to-day who will be accepted 70 o conpse Wis.
TOD his client several times, and Will ehoeaNo.
TO secure reduction of the amount " paii, ~, ~
Pell's friends do not soon succeed III Ialsiis onv
fnIl amount of S25 ,000 at which the pohu Is no"
fixed. c,....or,s counsel visited
several friends Of his client. but dld not sue
Good in attaining satisfactory bondsmen yeSeT-
doy lie will make another effort to-day. Both
of the defendants returned 10 Ludlow Street jail
late in the afternoon ,r,., ,;.;,od
tho limited States District-Attorney's office in the
afternoon and saw Mr.. Mitchell and Mr Rose.
The officials consulted TO the legal preiminaIies
10 the opcning of the Sixth National BANK to-oaS'
No new criminal complaint was maue anu ho "u
ditional warrants were issued
A STATEMENT FOR THE THIRD NATIONAL
The Third National Bank yesterday gave OUT
the following official statement:
Some effort has been made to connect the inIrI
National Bank with the affairs OF the SlAth s"' re
rank hut these reports are entirely unfounded. Inc
Third National Bank never advanced dOllar uPOn
shares of the Sixth National Bank STOCK or any III
curitjes belonging to II, or any way cohheOteu
n nor did It make any loans upon STOCK OF otHII
securities OF the LcnoX Hill Bank or OF inc Ea"ooio
Bank. ,,..,,.. oosbiar nj
the Third National Bank was for short time treas
nrer of the North American Dredging COMPANY, VI
which simmons president has Deen releILcn 10. ~
connecting Mr. Hutchings with sinmonss o.
mt fine fact is that Mr.. Hutchings only acteG d
treasurer at the request Of the bank, Whlch Maue
loan TO the company upon ample security aller IN
vestjcaton by the Board Of Directors Inc Dank MAUI
Il a condition of this loan that it should nave inc
RIGHT of naming treasurer for the dredging company
until the loan paid In tak~; tihSS oIhCe, M
Hutchings acted solely in the interest Oh Ie I'M 70
ceyed no compensation ana maze 10 PIou,V . ~.
the dredging company. and had no personal lnteIeS'
in IL whatever. Even this nominal once Mr. lu,,II,
nCs resigned months ago, ana was suo0eouo"
nv a person also named by the bank. -, ~.
The Third National Bank has not maze Iodii Vi
any kind 10 James A. simmons OF George II. ron VI
pelI WalIack & Co., to any one interestel or con-
nectcd with them since last November, ana none OF
The other parties connected with the new management
~ Tho SIXTH National Panl have had dealings WIN
Tho Third National Bank at any Time or course io
Third National has been in any FISK OF oslnS
doIar nv these failures. The rumor that MI Hutci
nrs the cashiers. connection with the BANK was aDol
IN he severed Is absolutely untrue ana mas never even
heen. suggested or contemplated. Mr. hutchngs Is
himself one of the largest stockholders III lhe Oaih