The sun. [volume] (New York [N.Y.]) 1833-1916, 1911-05-03

any such agreement. and ] now rei'erate
the denial. IL Ia not asserted in the indict-
nent that proflted In any way by tho al
legged transaction. nor has there ever been
any suggestion made bv anv one that
ever. directly or indirectly, made n dollar
out of my handling Of the city moneys. |
ought perhaps TO add that the two loans
aggregating &i&.OOO referred 20 in to-day's
papers as having been made by tho Car
neRie Trust Company we're not made until
November and December. 1910. which was
eight months after tho deposit Of city money
in the Carnegie Trust Company. Only one
of these loans, that OF SO. 600. was made on
my endorsement. Lawyers and business
men of this community know that for many
years my business and roperty interests
have been sufficiently large TO Justify large
credits to me in the banks and that | have
frequently borrowed much larger sums
than so. 900. Banks are to lend money
and aid business enterprise and they have
sought my loans oftener than have their
assistance.
While have no fear or doubt that the
whole conspiracy against me will he laid
bare within a very short time. I do not pro-
pose to have the administration OF Mayor
taynor embarrassed. and ! shall at once
tender my resignation. After twenty-five
years association with him ] feel that he
will not misinterpret it. as he knows better
than any one else the dastardly methods
that have been employed to involve me
A shorter and earlier statement said:
For more than two months the cam
paign has been carried on against me by
the District Attorney and other officers
with the active and hearty support of
two newspapers II has taken
two months to indict me before body
that does not hear any defence or even
explanation. l have no doubt OF the out
come and my complete exoneratioA and
| shall endeavor TO await it with patience
and equanimity."
Tax Commissioner McElroy said he had
advised Hyde not to worry.
He said he wasn't worried about the
in Indictment continued the Commits
sioncr. but that he was worried about
the i,d attacks rSss;, on Mayor Gsynor Never
and you will have more friends than
ever '"
Mr. Cntermyer called at the Mayors
office and had fairly long talk with
Mayor Gaynor. concerning which neither
the Mayor nor Mr.. Cn.srmyer would
Last night the District Attorney said
that Hyde would be tried in the latter
part Of June or early in July. The fret
count Of the indictment. charging brib-
cry. was found. he explained. under Sec
tion 372 OF the penal law. and the second,
charging the taking OF an unlawful fee.
under section 1928. Referring to the
Alderman Dickinson case as a precedent.
the District Attorney produced copy
Of the letter Dickinson wrote to Commits
sioner John McGaw Woodbury.. II was:
DgAE SIR-If YOU will reinstate Antonio
Covino. who think was too severely pun
ished by being dismissed from your depart
ment will vote and otherwise help YOU
TO obtain the money needed for a new plan,
N Rrnaklvn Nnnra
WILLIAM DICKINSON. Alderman
The Grand Jury held in Hydes case
that asking help for the Carnegie Trust
Company in return for official action was
bribery, Just IA the Grand Jury held in
Dickinson case that asking help for
Covino in return for official action was
bribery
cHENfY SAYS HE DID HAVE ASSURANCES
FROM CARNEGIE
Bank Superintendent Cheney defended
h 9 course in regard TO the Carnegie Trust
Company before the Grand Jury He
said that r. A. Franks. Mr. Carnegie's
personal representative. had given him
every reason to believe that Carnegie
would stand behind the company. II
Mr.. Carnegie and Mr.. Franks had test fled
to the contrary they hadn't told the truth.
said Cheney
He said that on October 3 Joseph 7.
Howell. who had succeeded Joseph Is
Reichmann as the president OF he com
pany. had talk with Franks. and that
Franks said TO Howell:
You ar" jumping into n ouicksand.
but underneath the Quicksaud ia the
solid rock Of Andrew Carnegie standing
Mr. Cheney said thar Franks told How ell
that any time the Carnegie Trust Com
pany got 'nto trouble he franks, would
throw them a rope
The Superintendent testified that he
went 10 Mr., Carnegic's house on the after
noon OF January 8, 1911. the day before the
company was closed. lie went with
Howell and Attorney Case OF counsel for
the Banking Department Nothing could
be secured from Mr.. Carnegie. but Cheney
says he persevered and had another talk
that evening at the Waldorf with Mr.
Carnegie, II was there he found that the
situation was hopeless
He had tried TO do every hing, he said
TO protect the money of tho depositors
The law allowed 50 much discretion 70 tho
Bank Superintendent that he thought
he was justified in giving the company
time 10 save itself Ho believed he should
have credit for reducing the liabilities of
the Carnegie Trust Company from sl4.-
900 900 in April 1910, to S,oon,oon AZ the
e :, fn,I ,I..,