The evening world., 1911-03-06
CARNEGIE TRUST
WAS'EASYM Money
FOR POLITICIANS


States Senator, owed the Carnegie Trust
Company $4,000 when 1t closed it's doors.
His name appeared as guarantor for
Margaret Mulhall. and the loan had
been standing since the spring OF 1909.
Joseph Is. lieichmann. one vi the d.
rectors and at one time president OF
The trust company, owed the %institu-
ton Sl5,oO on two notes made in 1909.
No security is up for these loans, as
they we're found among the bills pur-
chasable. as were the others.
A complete record OF the condition OF
. the Carnegie Trust Company when It
was Closed has been filed by the State
Banking Department with the County
Clerk OF New York County. This report
gives the amount OF bills purchased at
50. 69s.55 ~, and upon the financial status
and ability OF { makers of these notes
VIII largely drl,.id the amount the de-
p~ositors will receive. The outlook is
not promising.
Official Statement Of Assets.
The following Is the OF as
sets made by the State Banking De-
partment: Demand loans, s993, 42S A;
time loans. $685.. 674.1S; cash. $50. 26O.0 5 .
ovcrdrafts, $i.329.3 stocks and bonds
Cbook value), sl.S7s,sc "a; bonds and
mortgages, 37Gl, 3l4.4O; due from banks,
81. $50, 213. IS; bills purchased. s3.6Ss, 81. 50:
accrued Interest receivab Die. s2lS, 79a. So:
real estate book value), sla6, O56. ~
foreign exchange. siH, 9ol. 30: contingen,
fund, sl,52o,si; equipment. $4,000 and a
claim against the Phoenix Insurance
Company OF s961 .o0s.3s.
$4,000 Van lordcn Note.
+ Among the demand loans Is a note for
$4,000 made June Z. 1910, by Warner Var
Nordcn. the former head OF the Var
! Norden trust Company. There ar,
; about 200 different notes In the bill,
. purchased. over seventy of these. witt
Il total Of 10000, were inherited from
the regime OF Former Comptroller o
the Treasury Leslie w. Shaw, beins
notes guaranteed by the bankrupt Fidel
+ ity Funding Company.
The State Banking Department re
e ports that 1t has collected many OF IT,
g outstanding obligations.
Loans OF Cummlns Crowd.
The following are a few of the loan
made by the Cumm.ns crowd to enter
b. prises in which they were financially in
tercsted following the last regular ex
animation OF the Carnegie Trus. Com
y pany on Aug. 20, 1910, by ,he stat
Banking Department before the closln
= OF the trust company, Jan, c, 1871;
~ First name Is maker Of note; second
|; the security, dateoand amount,
rs Tennessee Packing and Stock
yards co, none, Sept, %. 1910. 1850
Tennessee Packing and stock
yards Co., none, oct. u. l9l0..,. 1910
Tennessee Packing and Pro-
=, visions Co.; none; AUG. %, 1910. S,S
n, Tennessee Packing and Pro-
visions Co. none: Nov. :. 1910. 62,7
Tennessee Packing n Pro-
visions CO., none Dee. 3, 1910. "a
ace Merchants and Manufacturers
nee Security Co.; none, Aug, 2j, lolc, l0l,j
Merchants and Manufacturers
Security co. none; Sept, Il, 1910, Sc,
Merchants and Manufacturers
Security Co. none; oct, 81, 1910. 81
rch Merchants and Manufacturers
fol security co. none oct. 3, 1910. 49,
Nashville Union Stockynrds Co;
NJ none; Aug, -, Nl0....,,.,,.... l5,'
%, Nashville Union stockyards Co.;
none; Sept. "A, 1910 e., ,,.,,,,,.,,. u,
MA Nashville Union s~tockylrds CO.;
i've none; Otc, ,. gl0~.,.....,,... %,
Wholesale Merchants and Ware
nv house CO.. none; sept, ~, l9lp'' eo'
Continental Baking Powder COM
III pany; none; oct ~, l9lu.,,.,,",. II,
rp1 Continental Baking Powder Conf
lOo pany; none; Nov. :, WlO.",...".. %.
nr, Enterprise soap Company; none;
1888 sept H. WV ''''''''''' '''''''''''' ~
4 Enterprise sap company; none;
upt. not "A 1910 Is,
lu5; :" - Coos, ,ono "
On, NenH'N' '''"l>'"N hoh'' -
ton, Aux. 22, 1910, 10
Cummlns-Bennett Company; nonci
IN; Sep IL, 1915, "a
ltal- Commissioned Company; none;
III Oct, II, 1910, =
" Cummins-Bcnnett company; nonei
auoc Oot. q. A.
nties c....,tv IN company, mona, sept.