New-York tribune., 1910-01-22
WHITE EYONERATED.
Counsel Says He and TeUis
acted Honorable.
by Telegraph to The Tribune 7


Syracuse, Jan. 21.-In a statement given
out tonight, the first to be made in defence
OF John Tevis, of Louisville and the five
rewly elected directors Of the Peoples Nut
Ual Life Insurance Association and League.
William Hepburn Russell, of New York,
counsel for Mr.. Tevis. declares the latter's
connection with the affairs of the organiza-
ton to have been honorable and entirely
aboveboard. The same he says is true of
Lieutenant Governor Horace White In
detendinG Mr.. Tevis, Mr.. Russell holds the
First National Bank actually responsible for
the $4,000 deposit in the Canadian Bank
as a bona f1de transaction. The statement
il, part says:
Mr.. Tevs arranged for a loan from the
Farmers Bank of Toronto, Canada of
$4,000. giving his own note, with certain
mining stock held by him and which he
was authorized 10 pledge as collateral.
The Canadian currency representing this
loan to Tevis was brought to Syracuse by
Nf. IraVerS, the manager of the Cana
dian bank. who was accompanied by
bookkeeper in the employ of that bank
rms currency after some preliminary de-
lays of no Importance was on the evening
of December 20 turned over to the First
National Bank of Syracuse through e. B
Judson. then president of that bank. but
since deceased as the result of a sudden
attack of pneumonia. 1t was counted over
by an official of the First National Bank.
and Mr.. Travers then stated to Mr.. Jud-
SON and this TraVers himself has sworn
to. that this money was the money of Mr..
Tevis and should be deposited to his credit
or as he might direct.
ThereupOn Mr TeVtS gave a written di-
rection to the First National Bank that the
whole sl50,000 should be deposited 10 the
credit OF Horace White. This was done,
and early the next morning. as Mr. White
says and nobody denies, a passbook OF
the First National Bank was made out 10
Horace White trustee, showing the de-
DDSlt credit "a
slJ0GoO loaned by the Canadian bank to
Tevis was actually delivered to and de-
a dollar of the securities or moneys of the
Peoples Mutual Life Insurance Associa-
ton and League entered into the transac-
tion in any way.
Regarding the deposit made in the Cana
dian bank, Mr.. Russell says that, having
closed the loan to Tevis. Mr.. Travers, the
manager Of the Canadian bank, brought up
with Mr.. Judson. president of the First Ma
tional, Mr.. White and Mr.. Tevis, none OF
them officers directors OF the Peoples
Mutual Life Insurance Association and
League. the matter of proposed deposit
by the Peoples Mutual Life Association
and League with the Canadian bank
Mr.. Travers anxious to return to Can
ada, drew up an agreement with Mr., Jud-
son, believing that the Peoples Mutual
following day arrange for the deposit.
whereby Mr.. Travers gave ninety-day
certificate in the name of the PEOPLES
Mutual Life Association and League, show
ing deposit OF sl50.OOO In his bank. There
upon. the statement says Mr.. Judson agreed
to lot Travers take back with him the s15O
600 Canadian currency as representing the
deposit 10 he made by the Peoples Mutual
Life Association and League Mr.. .Judsop
II is said, took the risk for the First Ma
tional Bank OF the Peoples Mutual IJra
Association and League. ratifying tho trans-
action, hut secured the First National
AGAINST 'oss by taking and holding the GER
tihcate OF deposit IN the name of the Peo-
pies Mutual Life Association and oao,,o
Mr.. Russell. TO show the solyencv of tho
Mutual Life Insurance Association npa
League, states that there was a net gain
IN assets during the last year of about
$4,000