New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-04-24

facts become known The arrest Of Woods
yesterday was on an order Of Judge Mccarthy,
Of the City Court application OF Steuer &
Hoffman. counsel for Harris B. Alexander, Of
No $50 Broadway. who has brought suit against
Woods to recover S1726 - that the plaintiff de-
posted in the Federal Bank day or two before
il was closed. Charles L. Hoffman, Of counsel,
declared that until recently plaintiff had kept
small deposit in the Federal Bank and his prin
cipal deposit in the Central National Bank. On
March g. having heard rumors about the Fed
eral Banks unsafe condition, he Woods.
whom he had known as vice president Of the
Central National Bank rFsi
Bail for Woods was fixed az $1,000 yesterday.
Ii was said on good authority that when
Rothschid was made administrator OF the
Weissel estate. which has figured in the Fed.
eral Bank collapse. Richard W. Jones. jr-. presl.
dent Of the Oriental Bank, recommended him
TO the surrogate. and that the papers filed at
the time so showed. Mr. Jones said 70 Trib-
une reporter only few days ago. however,
that to Che best Of his knowledge and memory
he never Endorsed Rothschild.
GLOBE HAD DUMMY" VAULT.
An investigation yesterday Of the Globe Sc
curity Company's much advertised safety
vault" which figures extensively its cir
culars and prospectuses. revealed that 81
10 all intents dummy the protection at the
rear being a thin sheet Of zinc. masked by joists
and whitewash. and the vault ordinary lath
and plasta. chamber. containing half dozen
safes The marble pillars framing the vault en-
trance from the cashiers Office proved to be
decorated plaster.
In the hearing before Commissioner Alexander
yesterday David Rothschild declared that he
had been connected with the Globe Security
Company only b. holding stock in It. He
piled Il don't remember" when asked about the
organization Of the company and the men con-
nected with it.
Miss CathariDe Heaney. cashier OF the COM
pany declared that the last time she saw the
cash book about Aprl IL. After visiting
the company's Offices, where she failed TO open
the safety vault and declined TO identify the
desk keys. she admitted having destroyed the
memorandum o. the vaults combination.
Henry /. Swords said ne talked with some OF
the officers about becoming trustee and was
made one IN January. 1903. He denied having
consulted with Mr. Jones and admitted that
his compensation arranged for before he
qualified, saying that he WAS paid monthly after
he had certified TO the bonds He denied that
he sold any bonds. but conceded that at the time
the bonds were sold and signed by him the
ourities were in his possession. He said that the
amount Of the bonds outstanding at the present
time was $4,000
A.-fes- IN case was going out OF town ! might
sign some bonds IN advance 49,.
e-To Whit amounts? A.-S5.0so 900 $1,000.
9-Some Of the bonds were not signed By the
the president and Mr.. Russell the co-ir1stee
Q.-Have yea any paper " hich viii show when
sou certified these bonds? Al think I have.
Q-were the securities exchanged from time to
o-What was the character OF the securities?
A-Legacics. ne insurance policies. bank accounts
Q.-aow did sou pass on them2 Ave were not
d.|You simply accepted them on Their face?
AYES, ~, ma. 90, -,,,.ro W.
SAns' you %au h :d nos know whether the securities
were salable available: Al did not
Asked whether he had taken any OF the Fed
eral Bank stock. Globe Security stock or notes
made by David and Louis Rothschiid. Swords
said: 4 don't remember" He declared that
some OF the bonds had been redeemed during
his trasteeship Asked whether they were paid
Tor IN cash. he said he had nothing TO do with
The cash. Re didn't know" what became OF
the cancelled bonds. He said that some OF the
l,onds had TO run for months. Asked where he
hac kept tire securities. he said: In the Fed
ersl Bank
o--EFher Gid you take them away from the Fec
er1i Bark An January of this year. Then they
veFe placed in the vault Of the Globe Security
and 'aftcrward placed IN tho Colonial Trust Com
PANS vaults where they are now ,,,
C-Why did you take them from the Federal
BANK A-Because OF the agitation in the news
d.-AB1 why did you remove them from the Globe
Security Conloany2 A-For better protection. and
bv direction q the Board OF Directors
o.-Wbo took them &c New-Jerseyg AM
{. Were you made a director 10 III vacancy
o.-5.2 sSu SaOw before hat meeting on April