The evening world., 1910-12-27
Mortgages ....... $4,000
Stocks and bonds. $4,000
100000

Stocks and bonds as,ooo
Total ......... S1o5,0o0
y net shrinkage. the $4,000 note being
considered, of about Sls5, 700. such shrink
age to be reduced. of course. by the ulti-
mate return from the Robin securities.
Large kiting Transactions.
The Rochester company's account has
also been used in killing transactions on
a large scale. without loss. however. 80
far as has yet been developed.
Fortunately the Rochester company is
not actively in business, and the inter-
es;s Of p~ollcyholders are not affected.
Such company as an asset OF the Aetna
Indemnity is, however. much less valu.
able.
But Robins operations In the North
ern Bank when seeking to carr out a
contract for the purchase OF the Roch.
ester company. which 1t seems was act
unlly made last Oc' Der. IRE more
startling and culpablc. Again there was
an exchange. Robins Bankers Realty
and Security Company about Oct. q.
1910, giving the Aetna i.s check for So
600 as part payment for the Rochester
company's stock holding. and the Aetna
diving the Bankers Realty it's check for
$50. 600 in payment for about $4,000 WORT
of the Babylon Railroad Company
''bonds."
For the last un%returned check the
Aetna received nothing until on the
night OF Dec. II. when demand was
made at the instance OF the New York
department. and n due bill" for the
bonds, signed not by the anker Real
" and Security Company. to which the
Aetna's check was payable. but by J.
c.. Robin, was furnished. The value or
validity OF this as an asset OF the Act
ma Is thought doubtful. II appears. howa
ever, that during the seven weeks which
interviewed between the date OF the Act
mas check and the delivery OF the due
bill, President Kelsey and his associates
made repeated efforts to get the bonds
or a paper emitting their company to
them when issued. There Is some evil
dence that Robin assuned them or their
| counsel, former Senator Lexow. that It
! was all right, as the Aetna's check had
| no been used. II had been used. how
ever. on Nov. 3.
An Interesting $50, Check.
The other $4,000 check-that given 20
the Aetna as part payment for the
Rochester company mad TN interesting
history. 1t was deposited In the North
ern Bank. through Vice-Presldent
Brewer OF that institution, on Oct. -
and credit given In the Aetna's pass
book that day. notwithstanding this
It was. apparently on Robins orders.
held in the bank for collection (though
on a branch bank OF the Northern To-
Gated In New York city, until Dec. 0
and then taken up, returned to the
Bankers Realty and Security Company
and cancelled. presumably no debit
therefor against such company's account
aving been made meanwhile.
The interesting fan. however, Is that
the Aetna's PASS book, which on oct.
% showed a deposit credit of $4,000,
when returned after the Nov. 1 balanc-
ing showed no suca credit on that or
any other day. and now has only eleven
half pages therein instead OF twelve, as
in the other pass books OF this bank.
Remembering that the Aetna's check
TO the Bankers Realty was not de-
posted on October q. as expected. II
will he seen that In spite of the holding
of the $4,000 check for collection the
Aetna's balance remained as It should
have been until Nov. .. on that
day, however. Robin needed money IN
connection with his railroad enterprises
Hence TO make the Aetha's account
good without the FOR collection check
II was but about $3o. 0O0), Robin bor-
rowed se1, 600 from the bank through
Morris. his confidential man, using col
lateral which he seems rightly to have
acquired from the Aetna, and then de-
posted the last mentioned sum to tho
Aetna's credit in the bank. The $500
check given the Bankers Realty for tn,
Babylon bonds was then put through
, and Robin. without the knowledge OF
tho Aetna's officers. has thus Dor
rowed" $4,000 of the Actna's money-fol
such time as he could hold the otheI
!, $4,000 check in the bank FOR collection
Another Move Forced.
Thus matters rested. until the i'm
portunity of the Aetna for the $500
, credit In It's pass book-thc latter nov
1 being in the banks possession and IT
|, be attended to. soon whenever asko
g for, forced another move. without tn
.. knowledge OF the Aetna's Officers
Robins man. Morris. on Dec. .. de
\ posted to the credit OF the Aetna |
, the bank a Bankers Realty and Sc
curlty Company check for $1,000 an
left with the bank again "for collec
ton" Robins personal check for $500
n also dated Dec. 8. the $4,000 held 70
G collection" check of Oct. %, being the
r returned to Morris and cancelled.
n The pass book was then furthe
d changed In the back OF the book, tw
i COLLECTION entries. one as OF oct.
S for $4,000. and the other as OF Dec.
for 5000, being made. II has not ~
h been ascertained who made these Ell
a tries. but on the statement that the Nv
e collection checks were certainly n,
l. IN existence until Dec. . the admissio
" by Morris. Robins confidential maj
Is that tho entries were flakes seen
justified.
l. Ever since the Investigation bega
l. Robin. chairman OF the finance COMM
tee. has been sick In his apartments
New York. and Brewer. vlce-preslden
al his home in New Jersey. Hence. wi
IL responsible for the above transaction
which cove- a period during which
regular banking department call Il
sworn statements OF condition has n
yet been ascertained,
But on Dec. . Robin still had si3,
of the Aetna's money, borrowed wit
out Its knowledge, The examlrati'
began the 10th, and a departmental d
mand for the missing pass book ma
longer concealment or manipulation II
possible.
Then this interesting transaction to'
place. Robin took his $4,000 note