New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-11-25
RUMORS OF INDICTMENTS.
WHERE WILL TILE GRAND JURY STOP IN
THE MADISON SQUARE BANK CASES?
REPORT THAT THE RECEIVERS WILL DE HELD
RESPONSIBLE WITH MIR. UNTERMYER-
TALK OF IMMUNITY FOR UHL-
M,NN avn NDONsID


The Grand Jury unable yesterday to finish
its work in connection with the Madison square
Bank cases. although it labored industriously. 1t
is now expected that indictments will be handed
in on Monday In the mean time the air Is full
of rumors that unexpected developments VIII be
unfolded next week. 1t Is foregone conclusion
that certain Of the nine directors arrested several
weeks ago will be indicted Some OF them may
escape altogether, but there are new men i'm
plicated whose names have not yet been mentioned
In connection with criminal proceedings.
1t Is said that two men who have had nothing to do
with the bank for some time will be held criminaly
accountable for the early misdongs 1t Is further
alleged that an indictment will be found agaihs.
man who has never been an officer or director
OF the bank. but has been connected WITH us
affairs
District Attorney Nico seems to lay as much
stress now on the charges of compromising
felony as on those brought against the directors.
He says he has information that efforts were made
to procure a settlement from certain directors
under threats Of criminal prosecution ms ohehce
Is indictable he declares, and the Grand jury
will be called to consider these charges az soon
1t disposes of the present ones Mr.. Nicon mas
said that he will have Samuel Untermyer, counsel
OF the receivers. before the Grand Jury, to have
him throw some light on this aspect OF the case.
Frederick Uhlmann is the director who Is chiefly
relied To furnish evidence that Mr.. Cnterinyer
made threats OF criminal prosecution 10 get cash
in exchange for notes held by the bank. In an in
Untermyer had demanded $500 from him with
which to wipe out President Blauts indebtedness.
This done I'm the presence or the receivers.
Miles O Brien and James c. Cannon. Mr.. Uhlmann
declared that promises were held out 10 MN %
and Blaut If. he would pay this sum; He an
swcred that Mr.. Untermyer had no right 10 MAKE
any agreement about criminal prosecution, ana ana
thereupon. says Mr., uhlmann the RECEIVERS . anu
the lawyers raised their demand to $3.50, 60,
hardness In bringing the criminal charges to his
attention The bank failed in August and II was
fore him that any crimes had been committed lie
seemed to think that the receivers were enieny
socitous to make good showing for the depos aI
tors, TO the exclusion for a long time Oh any %eai
for criminal proseeniCnns ssvsr,, nersons were
implicated In what he calls compromising ielohy'
but he has mentioned no one but MI Untermyer.
The two receivers were present at the interview
with Mr. Uhmann. so 1t is Inferred that tne
District Attorney was thinking or mem aiso. ,n AZ
any rate their names were freely mentioned ABOUT
the General Sessions Building In connection Win
4 Tribune reporter called at Mr.. Cannon's house
last evening and told him what was nothing he am In
the rumors regarding the receivers Does anybody
think that MIR O8rien and myself have gone o1,.
about an attempt the part OF the directors after
we had he fro to pay b oaSS
The proposition was not made to the receivers
formally but in informal way there was
1T decided by Mr.; OI3rien and myself that
II any regular proposition to settle came , from
OF the court would refer the matter to the Distrct-
Attorney and To the court and that we would pro-
coed In the affair according to their direction II
was also mentioned that n meeting or the stock
holders and depostors might be called to consider
the proposition. That is not compromising n felony
Il do not believe that there is anything In the re-
port. Both Mr. Brien and myself knew perfectly
we'll what doing. and were careful not
to assent in any way TO any compromise or sugges-
ton without referring the matter TO the court OF
which officers and under whose direction
working.
Mcdonald is ready. It Il understood. to give evil
dence similar to Mr.. thlmanns about the PROPOSE
ton OF Mr. Untermyer. and this has led to "A re-
port that he and Mr. Uhmann both VIII not be
prosecuted on condition that they testify against
the counsel OF the receivers.
The GraDd Jury assembled at 10 a. m. and did
not adjourn until 2i5 O'Clock. II was unable 10
devote all It's time TO the bank cases. they went
oyer until Monday morning. Among the witnesses
were Robert Mct;lll. notary; W. X. Thompson
and Leopold Michel the two last-named having
given notes on which Baut secured money for the
bank FOR bis own use.
H. T. Mcdonald and Mr.. Uhmann spent some
time in the General Sessions building and had
a conference with Mr.. N1coll Mcdonald ex-
pressed his belief that he would not be In
dlcted He said his chief cause OF regret was that
he had lost $500 or $1,000 through the banks
failure.