New-York tribune., 1905-12-27
MURPHY THE IND0RSER
NOTES At CITY BANKS.
Connection of Tanamaaey Leader soith
Construction Co. Established.


Charles F. Murphy. leader of Tammany Hail,
is the financial hacker of the New-Yorlz Con-
tracing and Trucking Company. of which his
brother. John ]. Murphy. is president.
The cornpany's notes. to the extent Of s155,000,
indorsed by Charles F. Murphy. held by the
Mercantile National. Gansevoort and New
Amsterdam National banks. All of these banks
are repositories for city funds, and the fact
that Mr.. Murphy, as the hacker of the COM
pauy. was able to obtain large sums from three
city repositories prompted Mayor Mcclellan
last week to order investigation of the
amounts of city money! deposit with the
banks with which Mr.. Murphy negotiated, the
contracting company's paper.
Mayor Mcclellan sent to City Chamberlain
keenan, for a detailed statement of deposits for
the last two years. Deputy Chamberlain Camp
bell worked the office force night and day till
the statement was made out. The Mayor, the
Controller and Corporation Counsel Delany have
gone over the statement, and have satisfied
themselves that Mr.. Keenans administration
Of his Office has been above criticism
Following is a condensed schedule of the notes
of the New-York Contracting and Trucking
Company and the banks holding them:
MERCANTILE NATIONAL BANK. $4,000.
June l. Four months due Oct L Renewed
Oct l. 1905 -Four months. due Feb
GANsEvOoRT BANK, $55, 900
Feb 2a 1905. Three months due May 90 Renewed
May 70. 19o5--... Three months. Aug Renewed
Aug. %. 1905 Three months % Renewed
Nov 20. 1905. Three months Renewed
NEw-AMsTERDAM NATIONAL. BANK. TWO AT
5000 EACH
Sept. s. 1905 Six months
Sept s. 1905. Six months. due March
The fact that Charles F. Murphy without
putting up collateral, able 10 raise $155 900
on notes of the Murphy -Gaffney company and
that the money came from banks which
carrying at times large deposits of city funds
deposited by Patrick keenan,. Murphys long
time friend, caused widespread astonishment in
Tammany circles and at the City Hall yester-
day.
City Chamberlain keenan,. when seen, said
that he knew nothing about Mr.. Murphys fnan-
ciaI transactions and that Mr. Murphy never
had asked him to deposit city funds in any par
ticular bank
MURPHY's SWORN TESTIMONY.
Charles F. Murphy was a witness before the
Stevens Lighting Investigating Committee
Thursday April 20 last. He testified that he
speculated in gas shares and that he had per-
sonaly met Henry II. Rogers and James Still
man. Mr. Hughes then turned his attention to
the Murphy -Gaffney companys affairs and the
proceedings:
Question by Mr. Hughes-Have you any In
terest in the NewYork Contracting and Truck
ing Company?
ever.
Odd you ever get any money from that
company A-No. sir
Q-Is any stock in that company held for you?
A.-No. sir.
John j. Murphy, president Of the company, in
answer to Mr.. Eughes's questions said that his
brother Charles F. Murphy, not in the
slightest way interested in the company. He
said he did not receive any money from the con-
Germ.
Mr.. Murphy was asked all these questions by
Mr.. Hughes because the Consolidated Gas Com
many. or its subsidiary company. the Astoria
Heat Light and Power Company, gave the
Murphy company a contract for grading and
other work on the Astoria lighting plant,
amounting to $326OO0. Lewis B. Gawtry vice
president of the lighting company, when asked
bv Mr. Hughes if the company had not made
the contract because it was known that 1t would
be agreeable to Charles F. Murphy, said:
Not at all"
The memorandum furnished by Charles F.
Murphy himself with reference to his notes, or
the notes of the company Endorsed by himself,
show that he indorsed the company's paper to
the extent Of $4,000 as early as February 2S OF
this wear It was April 20 that he told Mr.
E4ughes under oath, that he had none what
ever interest in the company. And his brother,
John J Murphy, president of the company, went
ON the stand the same afternoon and said that
charles + Murphy not in the slightest way
interested liz the company and received no
money from IT.
Another singular thing about the negotiated
notes is that the Murphy paper is carried by the
so-caIIed Morse banks. Charles W. Morse and
1ob,, p Carroll intimately associated in
banking enterprises. 1t was supposed by the
neople on the outside that Mr. Murphy and Mr.
carroll were hard and fast enemies and that
Continued on third page.