New-York tribune., 1907-11-24
FOR THE BUSY MAN.
BANK OFFICIALS INDICTED.

Following upon the action of the Attorney
General OF the state in appointing receivers for
the six suspended financial institutions in Brook
lyn came the Investigation Of the affairs of the
Borough Bank, which resulted in the finding Of
ten indictments against the three men most
active, In the management OF the institution
This bank was brought into existence only few
years ago, largely to provide positions for tho
two young men who became respectively the
president and the cashier As they de-
pendent for their positions on those who financed
the institution. doubtless they felt impelled u
do all that required of them, and thus,
when events did not turn out expected came
within the pale of the law From the respOn-
Stble position of bank president to cell in
jail. unable to obtain bail TO be free awaiting
trial. is the contrast afforded by this occur
renee. The fact that another young i'm
Brooklyn bears the same name as this unfortu-
nate bank president has caused him and his
family much annoyance The work of grand
jury investigation Is by no means over. and the
officials OF some of the other institutions in
distress are quaking with fear lest indictments
be found against them
THE initial trip of the great turbine steamer
Mauretania, which is three feet longer than her
sister ship the Lusitania. was not as successful
as that of the latter, owing to a combination
of adverse circumstances, but single days run
broke the record. showing what the new giant
of the seas may be able 10 do under more
favorable conditions The dense fOS or FRIDAY
prevented the huge vessel making her way
into port UP the new Ambrose Channel. ana
while IL did not affect the record OF her trip, as
that is computed from the time of reaching the
Sandy Hook Lightship. il did prevent her pas
sengers from getting ashore. and the twelve or
fourteen millions of dollars in gold in her strong
room did not arrive in time 10 be reckoned IN
the weekly bank statement, which in conSe-
duence made poor showing despite the tact
that the Bank OF England saw no reason lo'
again raising the bank rate on gold
Mr.. Bryan has not suggested the coinage OF
silver al the rate of l6 to L as panated Tor
the monetary stress, but he has suggested "a
a remedy that the government should guarantees
national bank deposits. the government IN turn
being guaranteed by the banks against any
losses which would seem To be only putting re-
sponsibility one step further away But Mr-
Bryan, while refusing to put the seal OF hls
appreciation on any other man as the prOSpec-
tive Democratic candidate for the Presidency
for fear Of injuriug his own chances for an
other nomination. says that in view OF the tact
expenditures next year the chances for the sue
cess of his party will be greatly improved
The president of the Chamber of Commerce
j. Edward simmons. has had his aduIniStrd-
tion of public affairs president OF the Water
Board searchingly inquired into in regard to
the letting of a contract involving Sl-.u'N-
0tD and the rubber stamp method of ap-
proval of the work of subordinates laid bare.
The inquiry is likely to lead to some changes IN
tronage of the Water Board is sought by Tam
many Is apparent. and the real corporation et
the Mayor with that powerful organization IN
the coming political campaign is expected, de-
spite OstenSible differences.
The action of the Alabama Legislature in
adopting a measure prohibiting the sale OF
liquor is another step forward i'm the anti saloon
movement in the South. where prohibition sent-
nient seems to be rapidly spreading The Court
by the Legislature of this state last winter IN
the interests of Mr. Hearst In his contest with
Mayor Mcclellan to be invalid. and the ONLY
remedy left Is in quo warTauto proceedings The
Mayors salary. held up while the law was tested
IN court. has now been paid The Public Scr
Vice Commission has taken up the matter ot
probing the conditions under which the Brook
lyn Rapid Transit Company secured its grip m
the borough beyond the bridge. and has brought
10 light some facts OF especial interest partlCu-
larry in regard to the killing of opposition by
Partition Of territory. The collision OF West
Shore train with automobile. at Harrison
Park, y J.. resulted in the deaths of Joseph H.
Eckstetn and Mrs. Alfred Steckler. and the mar
husband of the latter The death of the Rev.
Dr- MonCure D. Conway removed a figure or
nuch prominence IN the anti slavery days be-
Iore the war. the survivors of which are few
In MS honor Conway Hall. the gift OF Andrew
carnegie to Dickinson College, was named
Aurel Batonyi has begun suits TO recover ST.
'uV"oo as damages from the relatives Ct his
VIE tor the alienation Cf the affections OF hts
Wlte, VINO was formerly AIRS. Burke Roche \
political programme has been mapped out IN
tion of Speaker Wadsworth but his candidacy
Ior tI"Vernor year hence. and the selection or
eN- Lieutenant Governor Woodruff as successor
70 senator Platt As there is involved In this
the COhtfOt OF the Legislature at its coming SeS-
SION and perhaps another contest with Governor
Hushes over the State Superintendent of Insur-
ance, ~ remains 70 be seen how IL will work out
Ine Mayor has filled two vacancies in his
9ncial Stan by making Foster Crowell Street
Cleaning Commissioner and Henry Smith head
OF the Park Department. The engagement OF
lle daughter of Theodore z. Shonts to the Duo
de thaulneS of Paris. which was prematureiy
announced some months ago. Is now officially
confirmed, and he is reported 10 have said IL
mas claimed another. victim I'm a student, whose
-aecA was broken