New-York tribune., 1910-12-29
the statute but sign the commitment
which ] did
Finds No Fault With Statute.

NhlNh NiN-
Finds No Fault With Statute.
Justice Amend declared that he knew
OF no way in which the present statute
governing commitments of insane per-
sons to institutions for the care OF the
insane could be improved.
When a man suddenly becomes IN
sane" he added, "and is a menace to
himself his friends or the public he can
| under the law and on the affldavits or
two reputable physicians, be at once
committed to an institution where he VIII
be taken care OF. In this connection
want to say that the right Of heads OF
such institutions TO refuse to receive a
person thus committed, in spite OF the
affidavits of the physicians and the COM
mitment of the judge IS an excellent pro-
vision, because by it attempts to confine
as insane q person VINO is sane can be
frustrated"
Robins Indebtedness to the Northern
Bank of New York, direct and indirect.
was estimated yesterday by a banker In
Wall Street who Is familiar with the af-
fairs of the Northern Bank as nearly
| s.. 100000. He said that only a COM
paratively small part Of this money had
been borrowed by Robin directly. but
that the greater part Of it was In the
form Of loans to companies which Robin
had been promoting.
Some Of the properties. he continued.
were of real value, and he said he
thought that the securities. If not
dumped on the market ini too big a
hurry, might bring the full value for
which they had been pledged. He said
| that the most valuable company in which
Robin was interested was the Fidelity
Realty and Development Company
which owned the old Morris Park race
| track property. Robin had 10000 shares
| in this company, the banker said. and 1t
should realize enough to pay in fun
Robins Indebtedness to the bank. Sorne
Of the other properties were only poiiu-
cal hopes. and there was not much
chance of anything coming from them
Think Depositors Will Not Lose.
He said that there were fifteen thou
sand depositors on the books of'the bank
and great proportion Of them We're
small depositors who could not afford to
lose any of their savings. He did not
see why they should lose. The bank had
| a large sum in caeh on hand, and there
should be a good cash dividend In a
short time. With proper use OF Rooin
securities. the remainder Of the money
belonging to the depcsitors should soon
he in hand. and they should ali be paid
in fuIl. without very long wait for their
money.
"Of course it is q different matter with
the stockholders he said. But that
doesn't matter anyway, as Robin held
Sc 2-s per cent Of the stock.
He said that he did not think any
other bank would be affected by the clos
| ing of the Northern Bank
Robin was in the Washington Savings
Bank" he said. but that was a small
| bank. and I don't think It will be az
fected. 7 had an opportunity to find out
pretty well what Robin was up to, and
T think there is no other bank that will
be hurt
The State Banking Department was
swaunped yesterday with small deposit
ors of the Northern Bank who wanted
Mr.. Cheney, the State Superintendent
of Banking. to help them get their
money One old woman who came IN
/ said that she had $50 IN the bank. and
she begged Mr. Cheney to get $40 fol-
her.
The Banking Department Is continu-
ing Its investigation, but does not ex-
4 - -,
| ion on the value Of the securities for
two or three weeks. Under the law there
are three months in which claims
against the bank can be filed, and after
they are filed these claims have to be
examined to determine their validity
The department hopes to make d. quick
dividend to the depositors from the cash
on hand and the quisk assets in the
vaults, but this Will not be done until
after the examination of the books and
accounts is finished.
Sure Bank viii Pay in Full.
A conservative banker in Wall Stree,
yesterday advised some Of his friends
who are bankers in The Bronx to buy
all the accounts in the Northern Bank
| that they could get at a reasonable dis
| count. He said that the buying of the
accounts was, in his opinion, a good in.
| yestment-
Robin was president of the Washing
ton Savings Bank. at 59th street and Co
iunbus Circle, and there was 3, small rur
on the bank following the closing of the
Northern Bank There Was a. long lint
Of depositors waiting yesterday morning
to draw their money, and 10 prevent the
possibility of g. more serious run on th'
bank the directors had the State Banking
Department post a si1ty-day notice OF
the doors before opening time. This viii
preclude the depositors from drawing
their money within that time
1t was explained TO those in line tha
the bank would probably be able to pa!
all within less than the sixty days, bu
this did not dispel the uueasiness o