The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-04-07
Presid ent Of Pressed
Steel Car Company
Is Indicted.
PAID BRIBES FOR
BANKS BUSINESS
Frank N. Hoffstot Charged With
Giving Former Councilman
$5a,5oo for His Vote in
De p o sitary Ordinance
Head Savings Company
Makes No Defense.

Pittsburg. Pa, April 6.-The climax
promised in the Pittsburg graft expos
ures came. as promised, late to-day,
with the presentment by the grand
Jury OF lengthy report. In which .a
recommended the Indictment of Frank
n. Hofstot. president OF the Pressed
steel Car Company and ono of tho
most prominent business men in the
country.
Simultaneously. In open court, came
& plea of Emil Winter, president of
the Workingnan's Savings and Trust
Company, that he had no defense to
make to the charge that he gave q
$4,000 bribe TO former Councilman
Morris Einstein
Following, in abbreviated form, are
some of the most startling findings in
the grand jurys presentnent made
public tonight:
II. That Frank \. Hoffstot. presi-
dent of the Pressed steel Car Company
and president OF the German National
Bank of Allegheny. and prominently
identified with other banks. paid TO
Charles Stewart, a former Select Coun-
Gilman. the sum of s52.5oo.
After city.s Millions.
"2. That the money was bribe
use In Influencing the votes of Coun-
clImen to pass an ordinance naming
three banks In which Hoffstot was In
terested as official depositarles Of the
ctty's millions.
IS. That tho arrangement for the
payment of the money to Stewart was
made in the spring of 1908, and that
the late James ". Friend, at that time
an oficial of the Pressed Steel Car
Company. was an associate in the
transaction.
q. THAT the original plan which
Friend had WAS to obtain the services
of william j.. Blakeiy, who was then
a uractfcing attorney here. but who is
now The district attorney in charge of
the graft prosecution. as stakeholder
of the bribe money until the ordinance
had passed
to act in the capacity named and
warned all parties of the criminallty
of the prosecution and of the liability
to prosecution If 1t went further.
&c. That, subsequent to Mr.. Blake
lv's refusal. Messrs. Friend and Hoff-
stot completed an arrangement with
stewart whereby Hoffstot would pay
or cause to be paid to Stewart the
sum named, $4,000.
~. That the transaction was ar.
ranged TO be made in New YORK city
and took place there In June, lsos, IA
order, If possible, to avoid criminal IL
ability in Allegheny county; so,,ct,
.'S That Hoffstot did also soilcit
from one James n. Young, cashier
of the second National Bank OF
pittsburg, the sum OF $4,000 to be
paid stewart to insure the selection OF
the Second National Bank as one or
the favored city depositaries-
nribe Demanded.
"s That stewart did demand from
the now deceased Friend. who was act
ing as agent for the Second National
Bank, a bribe for stewart's vote In
favor of the bank ordinances.
30 That, In accordance with the
findings, 1t be recommended that In
dictments charging conspiracy and
bribery be returned
The banks named as ultimate prin-
cipals to profit by the bribes alleged
to have been paid By Hoffstot to Stew
art are the Farmers Deposit National
Bank. the Second National Bank Of
Ptttsburg and the German National
these three the Columbia National
BANK Oh VIZ Nf'5Ei idIl ~" :
tioual Bank of Pittsburg and the
Workingman's Savings and Trust Com
pany of Allegheny were named as city
depositaries in the ordinance passed
July .. 1905. over the Mayors veto.
The plea of nolo contendere made by
President Emil Winter, of the Work
ingman's Savings and Trust Company,
to-day was no less a sensation than
the report of the grand jury. He was
charged with the payment of 100000
brlhe to Morris Einstein, former Sc
lcct Councilman. When Winter APP
peared in court Judge r, s. Frazer,
who Is presiding In the graft cases,
asked to be excused from hearing the
plea, on account of his long and init
mate friendship with Mr.. Winter.
Winter was then taken before Judges
Thomas D. Carnahan and j. NJ Swear
ingen and entered the formal plea.
Sentence was postponed.
The court ordered indictments drawn
against Hoffstot in accordance with the
grand iury's presentment. namely, on
two counts of bribery and one of con-
spracy to defraud the city. The pre-
sentiment reads that Hoffstot shall be
ordered to appear as witness, "and
in case he does not do so Immediately,
that the district attorney of Allc-
gheny county proceed forthwith TO
eNtradite him..
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