New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-11-18
4 REPLY TO SCPERTNTENDENT PRESTON
e. AUGUSTUS HAvILAND HAS MORE TO SAY ABOUT
COMMERCIAL BANK AFFAIRS
To the Editor Of The Tribune.

To the Editor Of The Tribune.
Sir superintendent Preston seems disposed 10
mace charges corroborated by legal testimony In the
e,-ne category with charges on Information am be
lief which called for Investigation. lie fors l.
tina. the charges now before the Governor are
hacked by the evidence OF his own bank examiner
and by a startling report Of an expert accountant
ernplovad hv the county OF Kings. He iorgets mat
until recently the depositors have been unable 70
get testimony having legal bearing upon MS
wrong and inefficient management OF the banking
department He does not tell us that ne ocke1 up
orfciel reports made TO his Department 10 prevent
The facts being disclosed and that he caimed that
Official reports Of examiners were his private prop
erty.
J.. ls only by reason OF the stupid action OF the
'r.c-fver in trying TO save the president OF Inc
bank, by making Application TO court 20 sau''e
the deficiency upon the poor stockholders. '-'t va
were able 10 secure order Of court for ref
,rence 10 probe the matter We are now obtaining
facts under oath and they all bear upon The 'nci-
paci,v # the Eank Superintendent. as vel a.
the liability OF Directors Keoney, GIL and Sned'Her
While 10 is true that the directors went down INTO
their pockets 70 make good the >l9l"" 'iehll7
io,rs j. is also true that hy q mysterious movement
imposing upon the Court an indictment was us
missed This in no way relieves Superintendent
Preston. VINO is welcome 10 all he can make by MAJ
lire Of argument -.
The real questions 81 issue are pd Bank Ex-
.-r.~ T,v.renc- f Cahl report the bank IN
.olv.n, in 1870 by official report TO Mr.. Preston
Dn Mr.. Cahiu again report the bank .nsoren' ii
1881
Was the bank then insolyeni?
DID IL so remain uso.yent until IL closed us
doors. August J.. iAf- ~
Uld NJ Preston barter and decker Win tht on
core IF The bank. Knowing that there was >i''''"
~ yr,,tbiess HaescI and =. kevin mining account
,an.-. knowing that there was Si290Ol OF worth
- (ireuing secur!tie-. knowing t4a. th me- ""
from $4,000 a. $4,000 or other worthless pa p'' ~
Uii Nr Preston barter ana uickrr "lth inc 3'i
otols ,roV-Iug they carrying several huiN.r
fbou.aud dollars II paper from year 70 year W..
ON, interest. t'.at these bank ohlclals were ''''
declaring DIVIDENDS without pto''S
Did Mr. Preston do al TINS L. IN
only an investigation can bring out facts IN - -
ton 10 what disclosed Y pap'rs PeiGfs er ,n Of
crnor. Bun Won 90. W., We , nay "''
~ Nr Preston bMnacd his eyes 10 all ms no
u-irhsfani.ug hi- repeated interviews with "Is
hank nreailant wno closed his ears ana ran oui %
ihe bank when NJ. 'anAl asked an .NP'a"" '''''
,~.u he ought 10 be- forthwith DISMISSED ,
Ne have the facts and The Banking Depar tHeil, en-,
o,tt.lai records behind Us ~ Mr. Preston mas !lp'
destroyed the rrcoIpal All Mt ii"Ston - ,.ures
sam. bluff he avaled himself OF when NJ se'"''
v,hifevash through political friends. . -.
L.. II be remembered that MI preston ca -. w.,
Harlem River Bank presided over by the VIC P
mill tha. bank vas competed 70 close It's 'o0'
Hnu many SPECULATIVE bankers Mr. Preston ma y
harc behini him TO come 10 his rescue now WI
.,ase,re ~ so conclusive character is present.
IN Governor Morton. remains 10 Dc seen rV N ~
credit OF the reputable bankers, II Is 20 De 49,
that there Will b. no more Whltr"'ish. -, -
r.ner1bered that this application 20 Governor H"'
10" " G. AUGUSTUS HANlLANP'
Brooklyn. Nov. l.. $3.50