The evening world., 1911-04-12
Cummins and Two Other
GuarantOrs Now in the Bank
ruptcy Court.
JUDGE NAMES RECEIVER
Charles A. Moore Jr. and Mar
tin j. Condor Also Involved
in the Suit.

VI W. ~ W
taxpayer, inasmuch "a 1t directly in
wolves the city deposits, amounting TO
G0,0S ia the Carnegie Trust Company,
Vas begun to-day Ia The United states
District Court.
Petitions in Involuntary bankruptcy
we're filed against william J. Cummlns.
Charles Arthur Moore ir. and Martin j.
london. the principal members OF the
Cummlns group which steored the Car.
negie Trust Company into financial
shoals.
The reason this proceeding involves
city deposits OF $3.50. 900 IL thai Cum
Minis Condor and Moore, with others
equally involved, are the guarsntors
OF the deposits made by City Chamber
lain Hyde In the Carnegie Trust Com
pany. II, as certain OF their creditors
fllege. they are bankrupt. their guar
aatee to reimburse the city Is OF little
value and, according to the present
outlook. the ss50.Oo o. deposit In the
Carnegie Trust Company represents
only S77.00 a loss OF s273.OO0. This
animate IL based upon the assump.
Up that the Carnegie Trust Company
nay eventually pay d-positors ATTY
eight per cent Of their holdings.
% City May Lose Big Sum.
city Chamberlain Hyde. In q state.
nsent Issued a few days ago. declared
that not . dollar Of the city's money
h1A been lost or IL in jeopardy" To-
d1kss action In the United States Dis
tfSet Court appears TO jeopardize almost
hUf the amount the city has on deposit
1.-THE Carnegie Trust Company.
The nominal plaintiffs In the petition
td-throw cummins. Moore and Condor
into bankruptcy are Herman C. Brew
ster. Herbert Hatfield and James s.
Watson. The only one OF these that
hNb q place In the city directory Is
NJ. Brewster. who Is listed as q
rotary at No. 80 Fifth avenue. This
ispt the address OF the Madison Trust
Trust Company.
me three plaintiffs, who appear to be
aSonts to whom claims ave been as
signed for purposes OF this suit, are
represented by Parsons. Closson & Nc.
Iivatne. counsel for the Nineteenth
word Bank. a creditor OF the Cumm.ns
coSerie and Samuel 5. Koenig. The three
petitions are almost identical in Ian.
guage. but vary In claims as to tbs
assets and liabilities OF the alleged
b~spkrupts.
Judge Holt. In response to the ap
pleation. appointed Fayson Merrill. 9
lawyer. receiver for all three of In,
defendant %litigants. His bond In til,
case OF Condor Is fixed at $4,000. o.
Cummins. at 100000 and of Moore
at $4,000. Mr.. Moore Is Ut presen
In Italy. at the bedside OF his father
who IL seriously III.
Big Liabilities Charged.
II il charged by the petitioners tina
Cummins's liabilities aiaount TO 5000,
OD and his assets to 100000. In tn,
CASE OF Cummins as In the other case
this allegation Is made upon informa
ton and belief. Cummins Is alleged L
owe Brewster $4,000. Hatfield. Sg,GtI.6
and Watson So. 900. These amount
correspond with the face value OF note
signed by Cummlns and some OF hl
associates and held By certain uptowI
banks.
Moore's liabilities IN the petition Ar
put at s., 10000 and hts assets a, 500, us
1t s. chtrged that he owes Breyste
sl,D0. A-.held sg,6HG0 and Wstso
10000. These amounts correspond VII.
debts OF the Cummins crowd TO upto "
banks.
The liabilities OF Condor are put b
the %petitloning creditors at $3.50 90
and his assets are put at $4,000. II,
President of the American Snuff Con
pany at No. III Fitth avenue. a IA
sldiary of the American Tobacco Con
pany. The petition IN bauk. upt.
states that he yves Brewster 5000
Hataeld SGIi ana Watson $4,000
The amounts of Indebtedness ch4rs,
are only fractional parts OF the liablli,l
Of Cummins, Moore and Condor
banks. Included IN their Hist OF LAB.
ues Is the guarantee given TO the r!
or the ~tG5O,Q0j on deposit IN the "a
negie Trust Company.
All thrse of the alleged baakrupts a
tareed with making preferential pa
tents TO creditors while "a "a state lI
-siveucy. cu.tni ms ana Moore 49,. I'D
,Asrsed with ,.asfer M coa.e .m4
lt property wa.le laao,r,n., but Il
,lars1 is not made agalns, Condor
i-see are charged Nitn intent 10 A.nG.
delay and default creditors.
C.ty Chamberlain Charles n. lIy
-, aacn informed of tie bankruptcy .
seeGings brought Bs1insi Cumn!
] Moore and Condor. said Ae had
I comment 20 make.
l Popular Election MN EcndN.