The sun. [volume] (New York [N.Y.]) 1833-1916, 1911-04-21
Criminal Proceeding Against
Hyde, the New Sub
poenas Read.
BRAGs OF CUMMlNS TOLD
Gaynor Was His Friend, No Said
prsndsrgast Heard . Reason
A Lot More indictments.

EChef Examiner NJ. W. Hutchins Of the
State Banking Department told the Grand
jury Yesterday afternoon that W. J.
Cummins of the Carnegie Trust Company
told him last August that the Carnegie
va. in no danger Of losing it's 81 .O0O. 900
in city deposits because ~he had friends
at court Mayor Gaynor and Chamberlain
HYDE" And few minutes later when
Young Rufus Gaynor walked through
Cummins Office the Tennesseean pointed
70 the boy and said: Look at that. There's
Rufus Gaynor. I brought him down in
ny automobile this morning.
Comptroller William A. Prendergast.
also witness before the Grand Jury.
testified that he had "been told" that the
basis Of the friendship between Mayor
Gaynor and Cummins was Cummins's
promise to deliver to Gaynor Tennessee's 8
delegates to the Democratic national
convention Of 1912 He got this tip. it
appeared. from Deputy Comptroller
Fisher.
The Comptroller's testimony was in
terrup,ed for short time while the Grand
jury reported seven new indictments
for grand larceny in the first degree
against Cummins and three new grand
larceny indictments and a superseding
Indictment for misdemeanor against
Joseph B. Reichmann. Immediately after
the pair had been arraigned they were
served with Grand Jury subpHnas som
handing them to appear this afternoon
ss witnesses -in a criminal action prose
cuted by the people OF the State Of New
York against Charles H. Hyde" Their
lawyer. Stephen c. Baldwin. said there
vas no way to prevent their appearing
The District Attorney said they must &c
betore the Grand Jury or 60 to Jail.
e. In the long course OF the Carnegie
Trust inquiry no more interesting witness
has appeared than the Chief Examiner
Of the Banking Department. Stories that
were difficult to trace to their source had
appeared concerning Mr.. Hutchins's re-
lations with the Cummins crowd. Reich
mann going so far as to cay that it was
Nr Hutchins who told him how to make
substitution in the directors minutes
so as to conceal the character of a loan
But Mr.. Hutchins's testimony yesterday
convinced the District Attorney and the
Grand Jury that his conduct had beer
irreproachable and that he had done only
what could have been done legitimately
TO save the money Of the Carnegie's de.
positors.
CrMMINs'S GAYNOR ANECDOTES.
The Chief Examiner. talking frankly
said tina, in August. 1910. he was directet
by Banking Superintendent Cheney tc
call on Cummins at the Carnegie Trus
Company. ascertain the amount Of city
money on deposit there and to ask Cum
Minis what guarantee he had that tn
city cash wouldn't be withdrawn so sud
denly as TO cause the downfall OF tn
company. The Bank Department knew
that the Carnegie was weak and likely t.
get into trouble any day.
Cummins, big and buoyant. gladhandet
the Chief Examiner into his private Office
The Southern Room" as the gilt letter
on the door read Hutchins went straigh
about his business and put the question
ne had been told to put. Cummin
laughed heartily. leaning back in hi
chair How could Mr.. Cheney or MI
hWchins or anybody in the Bank De
partment imagine that the city none.
would be pulled from under the Carnegie
1t was absurd Why land here Cummin
got down TO cases., he had influence tina
would absolutely preclude such a posi-
olhty. Leaning over toward the Ban
Department official. he said:
Mr.. Hutchins. you need have no fea
abou, d withdrawal of city deposits.
have friends at court. Chamberlain Hyd
has assured me that the money will be lei
where II is. More than that. Mayo
daynor and are close friends. We liv
near each other down in Long Island
Why, only this morning brought his Sol
kl'ns 70 town with me in my car. Wonde
where the boy is? He was around her
while ago"
And just then. Mr.. Hutchins told tn
prand Jury a young man strolled throug
on hls way, it appeared. to Broadway
llmlnns smiled and waved his han
''"dli lue departing HSuTe.
There, said he. there is Rufus Gaync
now
Nj iiutchins got the definite impressio
from mis- line Of talk and from the signif
cant wave Of Cummins's hand towar
young Gaynor that Cummins wanted hil
70 believe that he stood so we'll with tn
Mayor that there couldn't be anybod
50 rAsh ls to take city money away frol
M" 'nrnegle. Rufus Gaynor. by the wa.
'tia last night that he had never been
u" carnegie Trust Company offices an
mat h" did not know Cummins.
'NNiN1 HAD CARNEGIE ANECDoTE to-
Mr Hutchins went on for half an no,
"ii how he had reported to the Bar
'eiuitmcnt that the Carnegie Trust Con
iauy ought to be closed up but thu
nothing was done TO close it because Il
nlhh Department took Cummins's VOL
''ri' that andrew Carnegie was to be Il
2'Hd angel once more. Mr.. HutchiI
'laa", he testified, three or four repor
"''"h otated that the trust company VI
'h1'mg over thin ice and was likely
- through any day. The reserve al