New-York tribune., 1900-01-14

at whose instance it was negotiated said Shea be-
said syndicate; that the said loan to said Moore &
and for his bene and advanfee IL That the loan to
said Sheehan was only in form, but not in fact. TO
interest of R. A c. Smith said sheehan being
tan Traction Compa1v Is Street aS raiiway CORPORA
@ non ,i largely owned or controlled by the said Wnit.
IN @ reality "a to or for the benet of said syndicate
the laws aforesaid.
THE LOAN TO PAYN.
, That the loan to the said Payn (who was and is
the Superintendent of Insurance of this statel was
uncertain and doubtful value together with what
bg F to ss be "a t certified bank check for s
trust @ company shall loan any moneys to any per
exceeding the onefth part of its capital stock and
surplus. unless the collateral security therefor is
loaned and S f urther GFf that W the "a"
stock and surplus B1t IN Vioatnn Of % this provision
the collateral for the s. oOOS09 hea) loan consist
Electric Vehicle Company, which companies were
organized or controlled by the said syndicate at the
ne SAID securities is prohema tical and the reasona
Of the amount of said loan if put upon the
aPSet ma @ That the coaterals for the Smith loan Of
Sheehan hereinbefore stated are as follows:
Railway i1o bonds Of Norwalk, etc, 4ooS shares
Of Norwalk Street Railway stock, $500 shares Of
SAID securities are OF problematical value and with
Fourth-That the whole amount of loans by said
trust company N Gg and secured by coaterals on De
are the loans list of which has been hereinbefore
set forth That the loans of said company included
isng loans of the said company the securities for
ket. partial list Of which is follows:
Name. collateral a AToaRs ioaRs
100 shares of Electric Storage stock IT'S
SHARES o. Of cheaso IFaG9p nteg TTad6n o S
w lotI1 $4,000
I15o shares of Chicago United Traction
Purchasing Commute Of Chicago United Trac-
2.75O shares their stock ............... 1000
sSS aS s5s4ss shares q q Dis0g c9pany stock ooo
George A. Huhn ( Co: '''--'''l' +''V'
l.5o9 shares Of Chicago Union Traction ..
Dstiing Company of America: '''''' lOV'o'0
5000 shares Of Hannis Dsting Company. 25o,OOO
700 shares Of Chicago Consolidated Trac-
Purchasing @ Committee of Chicago Union Trac-
1s7 shares Of stock of North Chicago Street
Railway, 153 shares of West Chicago Street
300 shares Of chlcago. Union Traction .. ooo
Gpreferred), l75 shares of common 25.OOO
1000 shares of American Tobacco Com
pany $4,000
And your petitioner further alleges that by rea-
son of the act and conduct aforesaid of the said
and the deposits of the said trust company in aid
of their private interests and to bolster up their
various experimental enterprises and business ad
ventures in which they engaged in violation !
have reduced the value of the sharehoders stock
in said company and materially impaired, if not
of the said institution belonging to widows, or
phans, guardians, executors. administrators trus-
tees and others acting in judiciary capacity and
rendering themselves liable to removal, and rem
de dered ed. the said trust compa3yn liable to forfeiture
and the said corporation to be dissolved according
to statute in such cases made and provided.
And your petitioner further says that the facts |
set forth in the foregoing petition except to the
Incorporation OF the said trust company and the !
shares of stock owned by your petitioner therein. |
your petitioner believes the same to be true.
ASKS INVESTIGATION.
Wherefore yopr petitoner respectfully asks that
possession of tho said State Trust Company. and |
cause an inspection and Investigation of its affairs
appraised its loans to be inquired into, and par
fnanca condltion ana RESOURCES of said coTpora
ton, the mode of conducting and managing its af-
nent and heber the re6uirenoenfs M of b Is
have been compIed with in the admnistr9tion of
its affairs, and for that purpose to Immediately ex
tion on oath to the condition management and
to the allegatfons in the foregoing Petition
And the said Superintendent is also asked, in |
disclose the facts IN this petition to be substanti
aX ea ae o the State and re1est 20 s1a6
prosecutions to be instituted against the officers |
actions to be brought against said company the |
law in such case requires
An effort was made last evening to see the |
men named by Mr. Killing in his statement, but |
the only one to be found was Thomas F. Ryan. |
Mr. Ryan said he did not to add anything |
to the statements of Mr. Johnston and Superin-
tendent Kilburn.
HISTORY OF THE COMPANY.
The State Trust Company, which or
ganized about two years ago, has a capital Of
$1O00O0O and surplus and undivided profits of
$1.250O00. In December, 1898, the first presi- |
dent Francis S. Bangs, retired in favor of Will
lam A. Wheelock, who in turn was succeeded a |
few months later by Walter S Johnston the |
present executive head of the institution Will |
lam A. Nash, president of the Corn Exchange |
Bank, and Henry H. Cook the vice -presi- |
dents Of the trust company, and II. NJ. Francis |
is its secretary and treasurer. The trustees |
Edward H. Clark. Forrest H. Parker.
Henry H. Cook. George Foster Peabody
J. B. Duke. Elihu Root
Joel B. Erhardt. Thomas +. Ryan.
Joseph N Halock. X. A. c..
William jay. II. H Vreeland.
Walter s. Johnston. Charles E. Warren.
Edwin A. McAlpin. William A. Wheelock.
Anson G. McCook. H. p Whitney.
Andrew Mills. William c. Whitney.
William a. Nash. P. a. B. WideneT.
ARRESTED ON HER WEDDING NIGHT.