New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-06-12
THE PRESIDENTS ANSWER.
TO SEND THE CONTROLLERS REPORT ON
THE KEYSTONE BANK TO MAYOR STUART.

MR.. LACEY HIMSELF NOT TO TESTIFY TO THE
PHILADELPHIA COUNCILS COMMITTEE
BANK EXAMINER DREW SUSPENDED.
Philadelphia June 11.-Folowing is copy Of Presi-
dent Harrisons reply to Mayor stuarts letter of june
s. In which the latter submitted copies Of resolutions
of City Councils requesting all information In the
possession of the National Government regarding the
affairs of the Keystone National Bank:
Executive Mansion, Washington, D. O., June o, 1891
Hon. Edwin Stuart Mayor. ETC., Philadelphia Fenn.
Sir: L receipt Of your letter OF June 8, ana In
reply thereto beg to say: The Controller Of the Cur
rency is under the law in immediate and In arse
sense independent control Of oil matters pertaining 70
National banks. Everything relating TO the examination
OF such banks appointment Of receivers and TO the
winding up nsoyent banks is under his direction An
examination relations OF his Office TO the keystone
National will therefore disclose all that has oeon
done by Treasury Department The Secretary Of the
Treasury absent when your letter was received but
upon his return this morning conferred with hun, and
the Controller and as result Of that conference me
Controller stated that he would prepare ut once full
statement entire action In connection with the Key
stone Bank Of philadelphia; and would submit
this report without delay the Secretary Of tho Treasury
who will transmit o copy TO you
Your request that committee of Councils, its
exnert allowed examine and inspect all
the hooks documents and records Of the bank has been
referred TO Controller with the suggestion that under
the advice District Attorney, the receiver permit an
examination by proper rel esenative OF The creditors INTO
where frauds Irregularities are charged win such
reservations confidence the interest OF the creditors
of the Of public justice make necessary
am sure you viii find every officer Of the Government
having any public duty connected with this matter de-
srous cooperate with the creditors Of the bank In all
measures calculated protect their interests and 10 hold
to proper accountability every person having guilty com
plicity with the failure Very truly yours
BENJAMIN HARRISON.
Washington, June 11.-Mr. Lacey, Controller OF the
Currency, has finished his report about the keystons
National Bank Of Philadelphia. 1t Is long documeps
and gives detailed account Of the Centnoer's aotloo
In the matter together with the reperts from the ex
amner. The President will send II TO the Mayor OF
Philadelphia as full response to the resolutions ct tho
Common Council. . -,
Controller Lacey will not appear before the local
committee conducting the present investigation IN
Philadelphia, the authorities here having concluded
that 1t would be establishing bad precedent To allow
any body other than Congress TO Investigate FEDERAL
officials and to have TO Official reeords of the
Government 1t expected that the Controllers 70
port viii supply all information in that officers posses
sion required by the committee conducting the munich
pal investigation. .., A., ,..-
ton that does not appear to be generally known that
Rank Examiner Drew has been suspended from duty
pending the result Of investigation into his admin
tratOn and has been instructed to examine ne. more
hanks in his district fer the present