New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-08-22
L. M. CIRCUIT SUBPGNAED
IN BANK HEARING
Whole Investigation, as Conduct
ed, Absolutely Without War
rant in Law, He Says.
DODGE IS USURPING POWER
Depositors' Association Adopts
Resolution Asking That the
Investigation Continue
Without Hindrance.


Without Hindrance.
The State Banking Department issued
yesterday for Edward VI. Circuit
70 appear as a witness tomorrow morning
In the investigation Of the closing Of the
Union Bank The subpoena was issued at
the request Of James e. Cropsey. former
Police Commissioner. who IS assisting AS
sembyman Louis GoIdstein In the investi-
cation. after Mr. Grout had failed 10 ap-
pear in response 20 a letter telling him that
anything he had 20 say wyould be welcome
at the hearing Yesterday. Before asking
for the subpoena Mr.. Cropsey read into the
record several letters exchanged between
Mr. Grout and Edward l.. Dodge the
special deputy sup arintcudent. before whom
the hearings are being held.
The first letter was dated July q, and
was from Mr. Grout 70 NJ. Dodge. IL said
that Mr. Circuit was about 20 20 on a vaca-
ton. but that at any time his testimony
was desired he could Doe reached through
his Office. and would appear within forty
eight hours at the outside. Mr. Dodge re-
piled the next day that the arrangement
would be- satisfactory. On August Is Mr..
,,sttors ae.o+tr,, ,t,,. ,.,-,o1 III, .t,. rio,
RAM, sfto,. ,,, -,o-.,i,,,. ,,.,..,l, t, 80,
m, ,.ast.ri,, and l.i. ,o.tf,,,o,,,. ,..,,rI d..
welcomed
Mr. Grout replied 20 that letter that no
had always responded freely 90 Mr. lodges
requests for information. and iD many in-
stances had volunteered information. Tine
.... ','''.'- ''''.N ,
49,. i,,,.',.,,..i-,, ,,- -. --,, H. f..d
answered bv letter 20 Mr.. Dodge or by
public statement. ~ Mr.. Dodge would state
,.i..,. 49,. ..l.. -.t. .,.,..-- ,..... ,,.i.i,.t
"I'd' were ''' '.''' "i''''iE dD''' WIN
Ie wanted information. Mr.. Circuit roUtlu-
ned and what the inform, .fiot, yras I.
-s a., D., 3D. d.
"'"'u ID" -I@' '' H'ip MI h''-T "' ''
could. 10 added that he WIS az "a loss 20
know what such matters could he. as ia
-.,.1-o4 ,r. r,,..,,.--. ...,..-,,-,- o.. tf,. NJ
last winter tnIl intTe We're 10 question:
able or Illegal assets or transactions iu
AZ r,f,.... t..,4. -.l.,t, ......,-.i -,-,.iI..
sir. GrOut was president Of tho bank.
Mr. Dodr. ~arIiad ro this latter that Ar
''.u'l'IH anu NlI. 'I'Is"F were d-I''4
that there were matters rOuuecred with tho
r..,,L- f.- doe -o,,,,er,f-,. chat et,l,ld b, ~
N ~ '"
Hu'ie' ihI'. ilt adIu H' 'Hou-il UT. Fr""l
rrcOiI aC-lOn was At fault IU stating that
1f- rod-. had gsid tbera ,g.,e r,,, ,,,fcs
.-,,,.Ifo 80 ,-f.,.,r ,.,.o... .- .-.,..,-.i,,.
''"""'' '' '''1Ho- d''''' '' % ai''" 'i''''
which occurred during the time Mr. Grout
,,.as r,reefder+ .f -I.o fsrL Nv rlo5e-e safd
.t... -.... ..--.... -
'''"l "' ""S t.'''' ~ei '''-- ii- ..''' ''t i'a'e
such statement.
I. NJ. Grout's Statement
H .." ~ Ha
meut yesterday afternoon.
There is no suggestion here that any trS-
timony was desired by Mr. Dodge. The
question was whether j desired t1 appear.
Let him answer my letter anu 7 can then
tell him 10 may very well boz that. having
IN mind that these transactions occurred
between year and half and three years
with exactnass without inquiry and exam
nation or the books and records lu NY
Dodge possession. and which 1 have not
seen for a year and ii half.
Mr. Dodge whole investigation. a7 con-
Quoted. ls absolutely without warrant ln
law He has no riGht ro Issue suDUruas
ana cannot enforce them nor cJmpei AZ
sNfrs 20 nus counsel 4Ie~I ions
DO IS not % Jlllc4aI proceeding ana ualiHer
10, DIS counsel. -Ne witnesses TOT I-o1-
N,o -fl1la "., .,,,,
lIe pli. Ae-t dIo pi'. li'H "i.i,u IAlt.ltI
rroceedirs5 confer lie IS usurpinS pow
tI9 "ii.H. '"' even ..-.''-..f ,.'-'l. -
- '--'N Lt -- ~
~. ~" NV mus ~ ~ 55 .,r,-
LIlpuHat' OF D lid- oe aD'r u. "-'p'a' --Il'
or an ihat Mr lodge strh- I'D 0H'" Nt g.
written statement DO any event a-
wrote ll my letters. nave NOT heretofore
W.thNf'p ald WI. NoI TOW "IlH-''D'
from the Banking department any lu-
formation that ! can give
w nom uoes NF. 'roh7r. FIal.F IepIe-e.'
ana why qid ne Eo.unlreT without pay
am cfedl1F INFORMED 'haI ..' l- retainer
.y anu 1919 l'-.al ...-l.-S al.- ...--
ln tnelr interest me- Voithl eereq MS 7el
vices 10 the department. but really Tor ms