The sun. [volume] (New York [N.Y.]) 1833-1916, 1891-09-04
YOUNG HARRISON HAD TIP.
WHICH HE IMPAIRED TO 4 DIRECTOR
OF THE WESTERN NATIONAL

WHICH HE IMPAIRED TO 4 DIRECTOR
OF THE WESTERN NATIONAL
II was After n Loan HAD BeeN Refused
On His Collateral that tho Son or the
President OF the United states Produced
His Inform tion-where Did ne Got 1ts
Edward g. Lacey, Comptroller OF tho Our
rency. came from Washington last Saturday
and was at the Sub-Trensury. Few persons
knew he was In town. and not until yesterday
was the purpose Of his visit made known. 1t
had to do with the Western National Bank.
and It brought out curious story about Rus
sell D. Harrison. son OF the President OF tho
United States.
This story. as It was authenticity told yes
terday, dates back a few months Young Mr..
Harrison wanted to borrow money. and he
called on Gen. Louis Fitzgerald President OF
the Mercantile Trust Company. In the
Equitable building. lie offered Gen. Fitzger.
aid certain collateral. consisting partly OF
Western railroad securities for the loan no
wanted. The General looked over the seou-
rifles and decided not to make tho loan. This
did not please young Mr.. Harrison. Two days
later he called again on President Fitzgerald.
and they had a conversation. part OF which
was substantially like this:
Mr.. Harrison-You arc a director In the
Western National Bank. Generals
Gen. Fitzgernld-Yes.
Mr.. Harrison-Don't you know that the Vest
ern National Bank Is issuing silver certificates
contrary to law?
Gen. FitzGsrad-1 am only director in the
bank and cannot speak for tho bank.
Mr.. Harrison--Wsll all that can say to you
Is that the bank would not be permitted to do
1t II attention were called to the fact.
Mr.. Harrison did not obtain tho loan from
the Mercantile Trust Company. How no came
to know that the Western Nation ais silver GER
tiHcate business was a m alter which the Comp
troller OF tho Currency had at that time under
consideration who can tell Nobody else In
New York know OF 1t but President Brayton
Ives Of the Western National. and he did not
prime young Mr.. Harrison. 1t was learned
yesterday that in February last tho Comptrol.
Western National Bank was issuing silver Ger.
Ss TSs to act tn say national
bank from guaranteeing the transactions ,tL;a 81
can 8uIsas It's os w n
Thecomplain Int against the bank was IN effect
II Is.
the Mercantile safe deposit Company. also In
the E9ultsble building; So secretly has the
Lacey and Preside Ives HAYS lad frsqpcni
tons by mall. The people who made .HL, t re
OQaEp0 TO tic CpmDtTOl6T lnSlst6u IuAL Lu0
| silver certificates when it had no control
ss, the sun sxa Pss SanR ns, s n s
iflsn$s Il Is selieysd S shss tho defence i
Tss sis
Safe Deposit Company ihese vaults were leased
by the bank and wers in charge OF the banks
| has n renrrsentAtiye IN the vaults, bUt bull
lion Is delivered INTO them or taken out OF Thorn
San tho Sa sss
the proit o. III. storage oi, the bullion, and
banks certificates read:
vi. s. 'Ssn an sSca s Il. .4S:
SarSs.l BAN. Nav ro..
The bank maintains that tho bullion is under
its control and that 1t Is in no way guarantee
argument arg presented 10 the mptrolier was asa a
circular signed by +. Blankenhorn. cashier Of
the bank. In which II is stated:
E.
S Or e,
eSns a. on 'ss II. . Of Stock
The bank people. it Was found yesterday.
knew of the Welt of Russell Harrison 10 Gen.
| Fitzgerald. They did not wish to speak OF il.
they the were not AFRAID Of Young Mr. Harrison aA'
People who heard this story Yesterday Won
| derei whether 1t was as n part Of the Admipis-
| tration that youEg Mr.. Harrison became en-
titled to, early news from the office OF the
| Comptroller OF the Currency. and also what
possible hearing the raising Of DOUBTS as to tho
legitimacy Of the Western Nationals silvsg bull
private transaction OF X. Harrisons in the
Lacey has conducted his investigation without
regard to the business enterprises Of young
There are now 5000. 900 ounces Of silver on
deposit in tho vault OF the Mercantile Safe
| that Nnniol Manning. ex- Secretary Of the
Treasury. was the fret President OF tho Vest
| during the Presidential campaign OF 1858 tho
! Repuhica campaign orators were very much
| concerned because tho bank had a number OF
million dollars OF Govern mont money. on de-
post Those Eepublcan orators said that this
| was niece OF fayoritism OF the Cleveland Ad.
| minetratlon. With the advent Of the Harri-
son ADMINISTRATION, and esnecially slnce tho
eminent deposits have been withdrawn from
| the Western National.