New-York tribune., 1910-12-30

their testimony and mass Of decu-
-nentarv evidence presented by the DIS
frict Attorney.
The evidence presented against koblh
had to Go with an alleged fraud in 8
loan of $4,000 or 100000 from the
Washington hank in April which was
supposed TO be secured by mortgage OF
S35aobo on the old Morris Park prop
erty. owned by the Fidelity Development
COMPANY. one of Robins concerns As
q matter Of fact, according TO Morris's
testimony. the S35o.ooo mortgage was
never made.
Hieh Finance Literature.
The sworn testimony of Morris before
Examiner Hughes and Assistant District
Attorney Clark. which is substantially
the same as that which he gave before
the grand jury. is q very interesting con-
trihution to the literature Of high finance
as interesting. perhaps, as ANYTHING
In that line since the Morse banking
scandals. Examiner Hughes gave it out
last night.
Morris testified frankly. and did not in
srv way attempt TO shield himself from
culua bilitv in the transactions which he
carried out according TO Robins instruc-
tons.
Morris testified that he had been a.
confidential employe Of Robin for seven
years. and was closely associated with
him in most OF his financial transactions
About the middle of April. according
TO Morris. his chief wanted money, and
IL had to be forthcoming at once. In
order to get the desired funds two certifi-
Gates OF deposit We're drawn up which
purported to represent interest in
mortgage Of $3.50. 900 on the Morris Park
propert7 This mortgage. according to
the witness was supposed to have been
made to the Title and Guarantee CON-
panv. of Rochester, another Robin III
stitution.
In carrying out the plan two oertii-
Gates. one for $4,000 and another for
$4,000 were made by direction of
Robin. according to the testimony Of his
confidential man. and these participation
certificates were signed by William Y.
Iornax and Anthony Stumpf. secretary
snd vice-president. respectively. of the
Title and Guarantee Company. Of Roch-
ester. Morris said that he attached the
seel Of the company to these certificates
upon instruction from Robin
Says Robin Got 100000.
When these certificates were completed
Morris said that he gave them TO Robin
end that Robin took them 10 the Wash
tngton Savings Bank and received from
thet institution several checks aggregat-
ing Soo010 At the time this money
wss being raised on a supposed mort
gage of S350.Goo on the Morris Park
property there vas no such mortgage in
existence. according TO the testimony of
The witness None of the officers or OIL
rectors of the Fidelity Development
Company. it was said, had consented to
or had any idea OF such a matter.
The checks OF the Washington Savings
Bank were drawn 10 the order Of Lyman
A. Cheney, secretary Of the bank. and
Endorsed over 10 the Title and Guarantee
Company, cf Rochester. At least $S0,00G
q it was disposed Of in this way.
In the case OF two checks for zoo
and $4,000. tncluded in the first funds
secured from the savings bank. they
were Endorsed for deposit 10 the credit
the Northern Bank. at the Riverside
1 branch. Il was shown also by the testi
u 1nonv CT the witness that in thi:
u transaction, like several others later. tn.
cheek stub book Of the Title & Giiarante,
COMPANY originally showed the entr!
of these checks as from the Washington
Savings Bank. but Robin ordered AIorri:
t. erase the name Of the savings banl
and substitute the name Of the Banker;
Realty & Security Company in it'
place.
Needs More Money Again.
On August Il Robin wanted more
money for his ventures. and according
to Mr. Morris he got it without any
trouble from the Washington Saving:
Bank In this instance he got the
money more easily than before. for ht
ofd not even so TO the trouble Of giving
the hank a certificate Of interest in th'
alleged bogus mortgage. although h
went through the form of making on
one Of these certificates
About August Ii Robin secured S2l,
0e0 more from the Washington Savings
Bank on the premise that he would pro
vide a similar participation certificate II
the Morris Park mortgage. the wltnes:
testified This certificate was drawn. hu
never executed and delivered, Morris
said On the following day Robin go
$4,000 from the Washington banl
under similar circumstances, according
70 Morris. except that in this case he did
rot take even the trouble Of drawing {
participation certificate
In each case the checks were made
pnvabIe 70 the Title and Guarantee Com
nenv and appeared on the lstter's book
es deposited IN the Northern Bank a
corning from the Washington Saving
Bank. but the Title conapany's book
were changed later in each instance {.
make IL appear that the checks reall!
came from the Bankers Realty ant
.fecuritv Company, Morris testified.
Examiner Hughes asked Morris thi
question:
Then. as the matter now stands, air
Robin has sold TO the Washington Saw
sngs Bank worthless certificates OF par
tjctpation 10 the extent Of $4,000 anS
has received $4,000 IN checks from
them. and in addition has received S57,
s.e-o from the hank for which he hai