New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-05-02

mann. the last named two ofticials OF 'he
Carnegie Trust Company.
At that conference Robin said ne had
both threats and promises from the CITY
Cham berlain. The threat was that II
the Northern Bank would not lend the
Carnegie Trust Company Sl3oUO the
city deposits would be withdrawn from
the Northern. and the promise was that
If the desired loan was granted. the
CITY deposits would be greatly increased
Robin gave the Carnegie the loan
though admitting ~ the time that ne
knew the shaky condition of the down
town institution, AMI later, alter ROBIN
had written sarcastic letter 70 Cum
Minis, the city deposits were greatly in
creased.
Section Of Penal Law Invoked.
Section 372 of the penal law. under
which the indictment of Hyde was
found Yesterday. reads as follows:
judicial Officer. a person who executes
sny of the functions OF q pubic once hot
DESIGNATED in Articles IA and 40 ana III
Section 32O Of this chapter or person
employed BY or acting for the state OF -or
any public officer in the business Oh the
rtate who asks. receives or agrees 10
receive A byibe. or any money, property or
value OF any kind, or any promise or
agreement therefor, upon any agreement
or understanding that his vote, opinion,
Judgment. action. decision or other Official
proceeding shall be influenced thereby, or
that he will do or omit any act OF pro-
oeeding. or. In. any way neglect or vioIale
any official duty, is punishable b. i'm
pr!sonment for not more than ten years
or by fine OF not more than nve thousand
dollars, or both.
a CONVICTION also forfeits any Office held
by the offender, and forever disquallnes
him from holding any public office under
the state.
II has been common gossip around the
Criminal Courts Building for some time
rast that the city Cham berlain would
be indicted by the Carnegie Trust grand
jury, but IL was thought that the hand
ing up Of that Indictment would be de-
layed until the end Of the investigation,
which ha3 been looked for toward the
end OF This week. The sudden move
YESTERDAY was interpreted as the special
grand jurys answer TO the rumors Of
Interference with its work which, il was
said, would come from the regular May
grand jury in the form Of an inquiry
into alleged leaks" from the Carnegie
Trust grand jury.
The fact that no bench warrant was
Issued for Hyoe upon the handing up Of
the indictment was also commented
upon, but it was learned later that he
had been at least "oonstructNely ar
rested" when his counsel gave assurance
10 the court that the City Chamberlain
would be presented in court for arraign-
naent this morning.
Hyde himself when apprised Of his in
dictment late yesterday afternoon, had
no comment 70 offer. Samuel Inter
rnyer. Hyde's counsel, said he would
have no statement TO make, at least un-
Ill after the arraignment OF his, client
This morning. il then.
An involuntary petition in bankruptcy
was fled against Joseph 3. Reichmann,
formerly president Of the Carnegie Trust
Company yesterday in the United States
District Court by the same creditors
who brought similar actions against
William J. Cummins, Martin ]. Condor
and c. A Moore. il
These creditors are James S. Watson,
claiming $4,000; Herbert Hatfield,
S9644 and Herman c. Brewster with a
demand FOR $4,000. The petition was
acknowledged on April -, but Was not
filed until yesterday. The allegation is
made that Joseph 3. Reichmann is in
solvent, and that he transferred a por-
ton OF his property 70 creditors by way
CT preference. and that he did convey.
transfer. conceal or remove a consider
able part Of his property with intent 70
hinder delay and defraud his other
creditors.
Judge Eough appointed Payson Merrill
receiver as he did in the other cases. 1t
was said that Nh Reichmann's liabilities
were approximately 100000 while his
assets did not exceed 100000.