The Paducah evening sun. [volume] (Paducah, Ky.) 1906-1929, 1910-12-29
G. ROBIN, PRESIDENT OF NORTH
ERN BANK, HAD MORSE BEAT
EN TO A PULP, WHEN III CAME
TO HIGH FINANCE.

New York. Dec. pa stan of
experts under direction of Bank Su-
perintendent Cheney Investigated the
AFFAIRS of the Northern Bank of New
York, whose suspension brought TO
light the news that G. Robin. who
held control OF the bank. had been
committed the night before to san
|itarium. Robin not only controlled
the Northern Bank. but. according TO
State superintendent OF Insurance
Hotchkiss, largely controlled several
other companies.
The state bank and insurance Off
cials say that they will insist that
Robin undergo another examination
as to his mental condition. He will
be brought back to the city II he is
found to be shamming insanity.
Depositors of the Northern Bank
and its branches probably will be.
lpaid in full. but how the stockhold-
ers will fare can only be surmised.
May BE Indicted.
n was learned at the district at
torney's Office that Robin had left
the sanitarium at Central Valley, ~.
!, Y. to which he went early this week
ana was now said to be at his home
in this city. The sani;arium author
tiles, 1t was said, refused to receive
him az a patient.
In the event OF an indictment be-
ing found against Robin. Il was said.
he will Immediately be arrested and
arraigned, despite any contention by
the counsel that he is of unsound
mind. If a plea of insanity is en-
tered, then a mnscy commission will
be appointed to determine his state
OF mind
The sixty-day withdrawal notice
Twas posted at the Warrington Saw
ings bank on West FL ninth street
of which Robin is PRESIDENT. The
institut,or, which IL one of the
smallest savings banks OF the city.
has deposits aggregating s1,14O.2O5,
according to the report made 10 the
state banking department in July. A
small run took place at the savings
bank yesterday afternoon after the
Northern Bank had closed.
A New Financial Comet.
The crash caused in the business
word by the closing of the Northern
Bank OF New York and its nine
branches in Manhattan and the
lBronx. which carried $4,000 depos-
its aggregating s6.912.5S2. revealed
a new comet OF high finance in the
lperson of Joseph G. Robin.
The daring OF the young operator.
who, 1t is believed. has dragged
down to financial destruction al
least six other Institutions out
Istrips the deeds which sent Charles
wv. Morse to the federal prison and
for which F. Augustine Heinze was
tried on a criminal charge.
Involved with Robin. who Is de-
clared to be but little more than
lthirty-fve years old, are william L.
brewer, cashier of the Northern
Bark of New York; Anthony Stumpf.
vice president of the Aetna Indem-
nifty company. who is also vice presi-
dent OF the Title and Guarantee
company. and william v. Lomax,
secretary of both the companies
named.
Other prominent men whose
names appear in the story include
President ]. G. Cannon. of Che Fourth
National bank. who Is said to have
been negotiating now for the pur-
chase of the institution now closed.
Otto Kelsey, former superintendent
of insurance. is given mention by
treason of the face that he was presi-
dent of both the Rochester and the
/ Aetna companies, which were con-
trolled absolutely by Robin. Fred
erick w Morris, who was the conf
dental representative. IL also a
prominent figure in the Investigation
| Former Superintendent OF Banks
|Kilbourne is an officer in one of the
Robin realty companies, but no re-
lsponsibility for the crash has been
lcharged to any of these last-named
men.
The Northern Bank of New York
is a merger OF the Northern Bank,
the Hamilton bank and the Riverside
bank. all of which were impaired by
1.-THE panic of 1907. They were COM
bined by Robin in April, 1908, and
as chairman of the finance commit
tee he Is said TO have dominated the
consolidated institution. Robin took
over the Aetna Indemnity company
and the Rochester Title and Guaran-
tee company from the Helnze inter
ests after the collapse of the copper