New-York tribune., 1901-07-02
A WAITING RAYNOR'S REPORT.
GENERAL BURNETT on THE POSI-
BILITY OF PROSECUTIONS IN SEW
ENTH NATIONAL CASE.

General Henry L. Burnett, the United States Dis
trct-Attorney said yesterday that no action would
be taken by his Office to prosecute officers of the
Seventh National Bank unless more evidence should
be forthcoming
IF all that has been published about the bank
be true said General Burnett. there is no doubt
that criminal proceedings could be begun against
those responsible. But unless a complaint shall
be filed here which is valid it's face and 1t shall
be found conference with the complainant that
evidence can be produced to support it which will
hold good in court. this Office will do nothing.
The bank examiner IL he finds that the law
has been violated, will present his complaint at
this Office A United States commissioner will then
be requested to issue warrant and the accused
parties will be arrested. They will be brought be-
fore a commissioner United States Circuit
Court where they either plead waive
animation. The case will then ne placed before
grand jury. If a sufficient case is presented here
by a citizen. l shall go ahead with this
any other case Upon being questioned. General
Burnett said that there very urgent need
for any citizen 20 make such a complaint. as the
government always acts promptly in cases of this
Kind. and is exceedingly rigid in its enforcement OF
the banking laws
Clarence J. Shearn, counsel for The Journal
which Saturday filed complaint against W. H.
Kimball former president Of the Seventh National
Bank. called upon General Burnett late yesterday
afternoon. and said that he had additional am
davits to present in the He did not. however.
hand in any OF these af1davits. although General
Burnett told him that If such papers were pre-
sented he would consider them.
Bank Examiner Raynor." General Burnett said.
'is now at work making an examination of the
affairs of the bank. He appointed temporary
receiver OF the institution by the Controller OF the
Currency. II he finds any violation OF the law he
viii at report the matter 10 me-
General Burnett also said that Air. Raynor was
taking cognizance OF the status OF Henry Mar
Quand & Co as depositors OF the bank In case
evidence should be produced showing conspiracy
ell parties implicated would be proceeded against.
The Controller OF the Currency is said be
considering the advisability OF plan to prevent
banks The plan involves a continuous examna-
tion of two consecutive days at least, within which
time any Decentralization Is bound 10 be disclosed
Local bank officials were dsinclined to discuss the
proposed plan but did not hesitate to say that
some drastic method ought TO be employed If
necessary TO prevent further abuse of this kind
Mr. Kimbau arrived at the Seventh National
Bank a little after 10 O'Clock yesterday morning
AS he entered the building he asked II he
had any statement to make. Il have not" was
his answer Bank Examiner Raynor out
word inquirers at the bank that he had no
statement 10 make.
At the Office of Henry Marquand & Co the as
signee Frank Sullivan Smith. at work early
yesterday morning He said he had news to
give out