New-York tribune., 1907-11-11
NO CRIMINAL ACTIONS.
DENIED BY BANK HEADS.
Reports Are Without Foundation,
San Officials.

Since the forced elimination Of the Morse
H@inze-ThOmas interests from the local bank
ing field there have been persistent rumors that
the federal authorities intended to bring GRIM
inal prosecutions against the officers and direc-
tors of certain banks in which Charles W.
Morse F. Augustus Heinze and Edward r. and
Orlando F. Thomas were largely interested
the charge of violations of the national bank
ing laws governing overcertifcation and loans
to directors To date however. Henry l. Slim
son. United States Attorney for this district.
and Charles A. Hanna. national bank examiner.
have fatty denied that any such prosecutions
had been decided upon.
To stop the circulation OF rumors which
might. in the present unsettled financial situa-
tion. prove detrimental 20 the business Of the
banks concerned. and 20 assure depositors. a
representative os The Tribune yesterday called
upon the presidents of the national banks in
which the observation-disclosures interests were
formerly prominent and obtained from each
official an absolute and emphatic denial OF these
rumors
r. w Poor president of the GARFIELD National
Bank. of which Charles W. and Harry F. Morse
were formerly directors, said:
81 have seen the stories which have been
printed and have heard the rumors. They ara
simply guesswork. There has been special
examination of the Garfield National Bank by
the national bank examiners There have been
no cases here of decentralization Of Illegal
loans to directors. The least said about a bank
at the present time the better. but think # is
high time to deny these pernicious rumors."
Frank W, Kinsman. jr.. president of the New
Amsterdam National Rank OF which Mr- Morse
was formerly a director. called the mention OF
his bank in connection with such stories wicked
from every point of view He added:
such stories are made absolutely out OF whole
cloth. and have no foundation whatever. There
has been no special examination OF the New
Amsterdam National Bank by the national bank
examiners Not one of the parties whose names
have been mentioned IN connection with these
stories ever borrowed cent from this bank
There have been no cases of overcertihcation or
Illegal loans to directors. These reports
wicked and malicious from every point Of view"
Seth VI. Milliken. who succeeded 70 the presi-
dency of the Mercantile National Bank when F.
Augustus Heinze resigned. and has already
placed the bank high in the estimation Of de-
postors when the reports were called 70 his
attention said:
NO investigation Of any kind has been usds
of the Mercantile National Bank by the federal
authorities. Indeed. no national bank examines
has been in the bank since became president
7 know absolutely nothing Of any such examina
ton"
William 2. Havemeyer. president of the Ma
tional Bank Of North America. of which Mr..
Morse was formerly vice. president. and which
was looked upon as the principal Morse bans,
said:
'It is all news to The first heard of it
was in the newspapers know nothing whatso-
ever about 1T
The only national bank with which the
Thomas interests were connected was the Con-
solidated National Bank. of which Orlando F.
Thomas formerly president. He was re-
Gently succeeded by William o. Allison The
name of this bank has also been connected with
the ruInors. One of the directors. who did not
care 20 be quoted. last night denied emDhat!-
caIy that there had been any recent examination
of the bank by the national bank examiners. or
that the bank had been guilty Of either over
certihcatiOn or illegal loans TO directors.