New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-03-27
H0TCHKISS HALTED
WON'T CHE account.
albany Bank Keeps Buckeyes
Transactions.

William IT, HOtchkss. Superiute ndeuf %
Insurance. received IFS first serious setback
yesterday in hts efforts % probe the IeEis-
lative corruption or the Ere Insurance. TN
terests % New York when Che National
Commercial Bank Or Albang refused 20 FUR
nish % him a verified account ~ william
n. Buckley's deposits and disbursements
through that bank during the period IN
which Re represented various Insurance
companies as legislative agent.
The Superintendent went a. ne matter
through the medium Of subpoena served
on one Of the banks Officers. but the latter
took The ground that the relations between
the bank and Buckley we're 0f a conadan-
tlal nature similar % the relations OF law
yers with their clients. and refused % 20
spond % the subpoena.
Counsel for the bank contended thar the
account OF a patrons receipts and disourse-
ments could be given out on nothing ies-
than an order OF court. which leaves ths
situation open. honOrs even and the SUPER
intendents next move.
Buckley has testified repeatedly ths-
every payment made % him By tho rr-
insurance Interests Of this city. throuSr
sheldon. vas BY check. and has denind
specifically that he ever received retain
ers or fees for special services IN cash.
When asked where these checks we're g.
posited his answer was each time t1s
question was asked. Tn the National COM
merciaI. OF Albany"
He has sworn that he has no rccord.
either by checks. check stubs or letteis' or
these receipts and disbursements, ana To
supe-iutandent asked him on Thursday y
no would Object 20 having the bank FUR
rlsh a verified copy OF his personal ac-
count through which he handled tness
transactions
Buckley REPLIED that he would not %
iect. but he said 10 with a wide grin n
which his counsel John IT. Dugan' joined
When he resumes the stand tomorrow
morning Mr.. Hotchkiss undoubtedly VIZ
grill him on the matter or the closer oanl-
account. and il is likely he VIII Try 70 NJ
6uca BuckIev 20 authorize the National
Commercial TO t-anscribe verlfiea COPY OF
the account
Democratic Senator's anu Assem0lynen
WIN attended Magistrate Films funeral
here. yesterday Joined in a conference ol7-
ing the day al the behest OF Senator Thorn
as r. Grady and Senator Timothy T. Sulii-
van. II is understood that the metropolis
ftan caucus" went over thei- prospective at
.,tude not only toward the Insurance inves-
[
also toward the matter OF a general inves-
tigation OF legislative corruption for the last
ten years.
I The question OF a prospective expose %
the New York Fire Insurance EXchanss
which was raised yesterday was ridlculed
by officials or the insurance department. who
were asked about 10.
Superintendent HotchSiss's report % tns
Governor. soon after he became the head OF
the department said one. mentioned the
I exchange as a necessary organization FOR
economy's sake IN the fixing Of rates Far
from being a trust the Official fixing ~
rates by thar Institution makes IL possible
for a small company. OF a company rom
outside the state. or even outside the coun-
try. 70 compete with the local companies
on IRE insurance in this city. No small
company could survive the expense Of max
/ ing IT'S individual survey and inspection %
I each risk offered II IN Manhattan alones
! and the exchange system OF making one m
I spection and survey for all gives the small
company the same opportunity for business
\ that its wealthier rival ENJOYS"