New-York tribune., 1900-03-14
TRUST co. FORCING FIGHT.
ALLEGED CONSPIRACY AGAINST STATE
INSTITUTION TO BE TAKEN
INTO COURT SOON.

ment, apparently taken the offensive and it is
understood it intends TO push the attack with all
possible vigor. The trust company, is we'll
known is controlled by Whitney syndicate in
terests whose various properties seemed to
Wall Street last winter to be the especial object
of bear assault and it is the belief of the Street
that these interests have resolved to wage
unrelenting upon the man who by common
report regarded the leader of the bear
movement at that time.
Abram King. the stockholder whose petit
ton the company's affairs were investigated by
General Avery D. Andrews and Superintendent
Kilburn Of the State Banking Department in
January, and Charles P. Bacon his attorney.
were declared by President Johnston in his
statement to have been merely the instruments
used by James r. Keene in alleged attempt
by him to wreck the State Trust Company, this
effort according to Mr. Johnston. being only one
move in a far reaching campaign against sol
vent properties directed by Mr.. Keene State
Trust interests yesterday declared in the most
| positive and emphatic language that all the
charges made by Mr.. Johnston as to the alleged
conspiracy between Messrs. Keene, King and
Bacon, having for it's object the destruction of
| their property, unqualifiedly true and
amply supported by evidence strong enough to
stand the test of the courts and De Lancey
Nicoll, who has been retained by the State Trust
| Company counsel in this matter, went even
/ further announcing that the case of the COM
! pany against the accused by President
| Johnston would be taken into court at an early
day.
MIR. KEENE NOT TO BE SEEN.
James r. Keene was at his office two or three
| times yesterday, but could not be seem After
| his departure for the day it said at his office
! that ne had made statement in reply to the
! Johnston charges and that in the improbable
| O statement
would be sent to all the newspapers" Talbot
/ ]. Taylor, Mr. Keene's son-in-la whose frm
| of Talbot ]. Taylor & Co. figured prominently
| in President Johnstons statement, sent out
word to a Tribune reporter late yesterday after
noon that he had nothing to say about the State
! Trust case beyond his denial printed in yester-
days Tribune.
| Charles P Bacon, who, according to Mr.. john
ston was the active intermediary between Mr..
| Keene and Mr.. King in the transaction by
which, as alleged. King acquired the forty
| shares of State Trust stock as the owner of
! which he appealed to the Governor for an IN
vestigation of the trust company, has his head
| quarters in Mr. Kings office; but it was said
there yesterday that Bacon had not been seen
! for several days.
! Mr. King himself, when seen yesterday IN
reference TO the charges in Mr. Johnston's state
ment, said:
do know James r Keene and never fpaf say "
hm had IN m eG with II h as Mr. Johnston
taking kin from his office s225oO and holding carefully
been likely to meet ho @ S Mr hs9 aen aay Regard
Keene. Charles P Bacon and others to depress b ,ne
tabe to buy 81 Shares 1ns before could
These viii prove that have been stockhoslder slr
from the inception of the he co % a f at for
The Investigation / asked for requested in
| fait
Avery d. Andrews shows that It was needed. Sn-
shed report is essentially correct and that rePSTt
fact that the special examiners report has not not
been published take to be svidemGe fRat was
With the completion OF the investigation by Cen
sra ennv Rs y ea for F
ton that this Shea loan and the 600 loan to
and ahs hiega Ths as shown BY the
Pneyagd Wa We fonded FsRSFed the ia'' n' my
am 81 surprised that Mr.. Root, being director of
| loan 1t was thinly veiled raid on the COMPANY,
! countenanced. If Mr. Johnston will open up the
books of the ot % doaTs and o me-
WIDOWS and p W obee and Will make
interesting reading.
TO GO TO THE COURTS SOON.
When De Lancey Nicoll. counsel to the State
| Trust Company saw Mr.. Kings statement last
night he read it over carefully and said:
The Of the charges on on srt the merit g th Of
n es % es OF of
! Trust Company stock Just before he made out his
his friends in position to make their & raid 1 on the
forty M hy % another IN as s was T
forth Mr. Johnston's statement of this morning.
We prove that beyond d9gbt s Keene e Bacon fSf
stock than its market price at that time. in
/ order to make their case more plausible In the
procedure will be. but am free to say that the
case will be taken into the courts at reasonably
! l notice that Killing says he does not know Mr..
well enough, for Bacon frequents his law office
and Bacon knows Keene well enough. for the two
! wasn't necessary for Mr. King to know Mr. Keene
! Mr.. Bacon was the handy man between them
i 1t was said last night that Mr. Nico and
/ his law partner John D. Lindsay, have sue
! ceeded in getting hold of surprising evi-
/ dence of conspiracy against the trust company,
and that the matter will be brought to the at
| tention of the Grand jury at the earliest OPP
portunity. 1t also said that effort will
! be made to have the case prosecuted by John
Proctor Clarke, the Special Deputy Attorney
General who now has in charge the Brooklyn
Rapid Transit conspiracy case, in which Mr.
Ncoll is acting associate counsel for the
! railroad company.
Charles p Bacon returned to the city from
Albany last night. He said regarding Mr.. John
! StonS statement
More than q month ago. when the men who near
| ly wrecked the State Trust Company first sug-
gested bringing before the Grand Jury | said
with me had committed any crime it should be
| Trust Company had committed any crime that
should be punished.
! / asked Governor Roosevelt to lay the entire
matter before the Special Grand Jury, then in
sion. ! John Proctor Clarke who is the
intimate friend of Elhu Root and who was made a
special Deputy Attorney-General before the Special
| Grand Jury, and asked him TO take up the entire
matter. Neither request was acted upon I repeat