The sun. [volume] (New York [N.Y.]) 1833-1916, 1911-03-17
ROBIN BEFORE GRAND JURY
,\p ms CONFESSIONS NAY
hIIP MN FROM Jan.
rcr. a, Length of lIis Relations with the
carnegie Trust Company and Of isis
,cc,a,u,ancc with Hydc--stiu Curl.
nu, About the Ctty's Deposits.

nus tbOut sUe NVys uepOstts.
Yesterdays session Of the Grand Jury
demonstrated that Joseph q. Robin is the
b,e wire in the investigation to determine
chc in or ont Of the Carnegie Trust Com
MANY has been guilty of crime in con-
r,.tion Wi II the concerns activities.
Robins testimony has been of such
,ahe tia; nobody in the confidence OF
the officials in charge Of the investigation
y,rd he surprised If Robin got off with
suspended sentence. Many of his
,syelation- to the District Attorney have
een corroborated.
II after seventy-five bank officials
,.,, have already been subpnnaed APP
on refore the Grand Jury and back up
J. hin, stories as to the Carnegie Trust
company there is n recommendation to
,.p,, The former president Of the Northern
I'm, laniently nobody around the Grim
ia! courts Building will be astonished.
allied Yesterday for the first time
ioiore the Grand. Jury, Robin testified
t- two hours concerning his know ledge
= lcans 20 the Carnegie Trust Company
+, banks that had obtained deposits from
he ,ity chamberlain. The banker who
was held TO be sane by a General Sessions
,ury DESPITE William l. Jerome's attempt
10 rrove him Of unsonnd mind seemed to
IN excellent spirits and keenly alive
,s the proceedings. He answered readily
md was seldom at n loss in framing ex-
,lanations.
Robin wanted it understood that he had
tcme forward of his own volition because
he wanted justice on persons who had
attempted TO make him a scapegoat He
se,d that some of his associates had at
tpnptod 10 put of their crimes on him,
mat they had tried to ruin his business.
his reputation and even to take his life.
He could not hold his tongue when such
persons we're attempting to escape the
law by entangling him.
There is every reason to believe that the
Grand Jurymen from the minute Robin
began TO talk evinced the utmost interest
- nc disclosures he had already confided
q, part at least to the District Attorney
Fcl the time being the internal AFFAIRS oi
uc carnegie Trust Company-such trans
l,iions as hurried notes on shady col,
atc.al-were put TO one side.
Robin told how he had first met Charles
4 Hvdc. the City Chamberlain. William
! ,ummins, the dominant figure in the
lrucgie concern. and Joseph B. Reich
mann. who was stringing along with Cum
.E.ns. Introduced the Northern Bank presi
d IT 10 the City Chamberlain. That was
N tho late summer Of 1910. a period wher
the Carnegie company was casting abou
aNxiously for help.
At this time the Carnegie Trust Com
any had suffered from a steady drail
e deposits. Moreover a way had to b
,-lnd in which to repair damaged re
serye One Of the best compliments t
i.e men then in charge Of the Carnegi
.as their brisknese in the face OF thes
worries. Somebody-and the Grand Jur
vents to know who the somebody was
had circulated a free tip that the ban
eyaminers were to visit the Carnegi
1r.st Company about this time.
Robin Gays that after a long confer
~. with HYDE, Cummins and Reichman
Le agreed to lend the Carnegie Truf
Company the 500 900 it needed. For tn
rest Of his time before the Grand Jur
hc explained what he knew about tn
expert window dressing methods Of me
with whom he was formerly on goo
terms and how the Carnegie compan
was able somehow or other to oomman
influence that was irresistible to nearl
,wen'y banks.
There was nothing narrow about tn
scope of the Grand Jury's inquiry yestel
day. Among other things it was SUI
missed that the jurymen wanted informs
ton from Robin as to why the Carneg
Trust Company was able to obtain its firi
tig city deposit just two days after Jorda
Rollins. counsel for the State Bankin
Department. wrote most hattering lett
STOUT William j. Cummins to the Cit
CHAMBERLAIN On March 81, 1910. tw
days after the counsel for the State Banl
lng Department had written to the Cit
CHAMBERLAIN that he had met CummiI
at the home Of Clark Williams. "whel
he is most welcome visitor" end th'
this man was destined "if his life be spare
10 add very greatly to his accomplishmel
n Substantial things" the Carnegie Tru
company go, from Hyde a deposit {
'.vuN' On MATCH 20 tnot " az ioiic"s
up nv another $3.50 900 and subsequent
within a few months the city deposi
we're boosted to Si.O0O,OoO. One Of tt
'rnrs the Grand Jury was particular
snyloIs to get from Robin was what
snew Of he arguments that this exec
iloral man" used in Getting so much us
ll' cJ'y cash
Although the most interesting tes
'acnv had to do with Cummins's abili
10 ge' city deposits OF loans froIn ban
iaat We're dhle to get city deposits Roh
was asked shout his knowledge Of t
eNroncy Of the State Banking Depal
ment What measures we're taken by t
Examiners in checking up indications
trockrdness? Was it true that the Ca
nege and other institutions had pi
In" VITO the State Banking Departme
whereby they got advance informati
jhoV' the coming Of examiners and we
eoIe 'u dress their windows accordingl
Lomax, formerly secretary
'e Fua Indemnity Title and Guarant
'Hi any, failed concern in which Rot
Wa a big stockholder. who was
witness before the Grand Jury that
'''e' Robin, appeared yesterday to
'i'' ~ earring up certain statemei
Wat f"tn had left vague.