New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-04-30
Collateral Was in. Says Witness.

,-,rad States Attorney Wise pounced
,,,or the defence with tho claim that the
Collateral given, amounting 10 nearly
e 90 90. for the SOOOoo loan, had not been
amt ND until two days later. lie asked Mr..
o-Prieu.
We're the securities used as collateral ny
=. A Heiuzc i'm tho bank when the loan
was made"
More shan seventeen checks had been
.hovered in ty otto Heinze & Co. and had
bcer cert fed. They ranged in amount from
g los - 10 sl2asS0 -. II tho collateral was
NOT there tho cerrifcstion would have been
I,ssed upon Mr. Heinze's notes ~ hand II
would have shown p desperate remedy IN
,,eningly hopeless case.
THE securities o. Y. s. lFeinze were IN
,4e hank at tho -ine the loan was made.
Tre,. uere in tho charge " the assistant
cashier who had orders from INC not 20
deliver them to any one said Mr OBrien.
1ir Wise took another tack. lie called
rh, hookkeepcr Nj. keppler. lie was asked
when the credit 81 SNoO0o was entered 10
tHe account - otto IIeiuze & Go. Mr..
ll~prlcr thought it WIS after the close or
banking nourz-uoarer O'Clock than
o'clo-1t NJ O'Brien was on tho stand
.Saip later. and il was fhcn that the de-
..rercerti6oatio1 charge which viii be
heard ON Monday.
Mr. O'Brien was the first witness Of the
day. To Acknowledged ono loan as having
l.e-u authorized 10 the 8einze company by
l..m. of March a. 1907. for $4,000 lie dis
claimed all know ledge of The following:
june 2 Sleo es'; june TO- $1,000: June L.
$4,000. August b. $1,000: August 16 $4,000.
O4a4H a.
i.er 10, $4,000, October n. s20eo. These
ngures were part Of great array ON a
large, Chart in use by the government coun-
sci. and were prepared after the Controller
Of the Currency sent his letter Of warning
q, Nj IIeinze
Nj Wise came 10 she s5eoo0o loan and
asked the witness who signed the check
Nj Hcinze had signed H.
why wouldn't you sign and why
vouldn- the cashier sign it,
Mr.. % Brien asked Judge HouCh II he
had 10 answer that and was told II was
not necessary.
Jldge Rough took hand in asking about
Tire tao notes that were given bv Mr.
sseinze IN addition TO tho collateral Tor the
E5eseaa loan. SIR O'Brien said they we're on
the presidents desk. How long they were
where ho couldn't remember. hut tho, we're
o. ihc possession Of the loan clerk later.
John g. Stanchheld. ~ counsel for Nr
3Ieinzo. got Mr. o'Bricn 20 easa that the
Es.o.eaa loan GO the defendant was first
s,aeeod ON fsvorsbly by tho executive com
tuittee - the board - directors on q Tues
rsy and by tho fol board on the following
Thursday.
''On the board were some very strong
,rcr. financially" asked ny S'anch6elo
know" was tho answer.
Ar - Rriou thought ~ ono iirno shat NJ
htsurhfsid wanted 20 fastou tho reeporsi-
ltitv for tho so 49, loan ON hin, the s-n-
ifese and ohie~'ed streuuouslr saving thst
DIE reputation WIS worth more - nirn thsu
money and He vas going 20 maintain 81
ar Wis., on redirect examination ssIed
Are witness about the NercsntfIe Banks
r,.civc after tho October j rush Mr.
O'Rricu gave The following nguroe.
Or October Is s7s5.5al below th, legal
'.ui'. October Is. Es57 .7ee below. october u.
s. 90 s.0. Tho banks reserve wsr only =
Urtle below fho l'zsi nwt When the 5000
loan VAS made 10 Nj. Heirzc
Mr oBrien told row ihe collateral hitch
was deposited on The loan came into ,ba
banks possession. u Wa brought ~ the
bsui iu hex and placed Ga rbe vaults
Therc be found it when NJ Beirze told
iin 90 use 10 - Collateral Alfred q ia,
fhe assistant cashier told ~ having 80
.aiy.d Ihe bag from = messenger from NJ
ETeIuze either on tlIo day - ih. Joan o. the
d8V after
William Spinnor president ~ tho Arneri-
en- six Association. Kion- president ~
SIC bank in 40. and other vic. president
tcstfGcd 20 having spoken 20 Nj g4efnze
F1o.t thc ~onditiYn - the banks reserve
r., ben fhn oonf,4ia. was reo. I'D from
Washington.
onto Hoinze came So the stand after .
ipeen minutes search for him, and be
GINNING Was made in the prosecution ~ ~.
t.lsr-e % nisapplicstior. The niiness said
,1sre aero three pools formed Boz I-nited
q yrpcr stock. This WIS 300 the form ~ q
aerial "a agreement. Do said. and iI' members
we're himself hi> bro' beers. D. 4. md 4 g..
a. MsA schultz. %, said usy Wcr,