New-York tribune., 1911-11-15
.CUMN|NS LOSES NERVE.
Shows Strain by Tears After
Admoniton by Court.
ASKED ABOUT "0LD PAPER"
Replies That It Will Be Paid
Quickly When There Is a Chance
ITO Devote Our Time to It. ~

The strain TO which William j. Cummns.
who is accused of stealing $4,000 from
the Carnegie Trust Company and the Nino-
teenth Ward Bank. has been subjected as
a witness I'm his own behalf began TO tell
on him Yesterday afternoon. Shortly be-
fore court adjourned for the day Justice
Davis had occasion to repeat once more
his admonition that Cummns confine his
remarks to answering the questions put
TO him by Mr.. Moss. Assistant District
Attorney
II beg your pardon your honor" said
the defendant. but I've been on the stand
a long time and my head isn't as good
as yours is"
His eyes filled with tears, which he blot
ted with his handkerchief. Then. TO con-
ceal as much AS possible his emotion, he
blew his nose loudly and also mopped his
forehead. But there were few i'm the court
room who didn't appreciate that the big
Chief" had lost a bit of the nerve that has
made him famous.
Mr. Moss asked only few moro ques-
tions and then suggested to Justice DAVIS
that Cummins needed rest. The Justice
agreed with him and accordingly announced
a recess until this morning.
The object Of the cross examination yes
terday was To show that after April %
1910. when Orion VI. Cheney. state super
intcndent of Banking had begun a con-
stant hammcring at the Carnegie trust
Companv to accomplish the retirement oi
bad loans cummins continued lending de-
positors' money to his relatives ana lrlends
and TO his companies. In letter to kop-
ert Pringle. of Chicago. written I'm June
1910 which was offered in evidence cum
minis said he had just acquired "A nhe
now nIace next to Teddy Roosevelt al
oyster Bay"
Mr. Moss asked him about notes OF ms
two brothers. George &. and John ID. cum
Minis bought by the Carnegie Trust COM
many in this period. the proceeds Of when
we're applied To the purchase of Carnegie
Trust stock: about similar transactions in
volving Paul Eldridge. L. +. Bradshaw
and Harry Anderson. his close business
friends and George T. Williams, house
officer. and Patrick Dealy, carriage man.
AT the Holland House, where he hVed'
Williams and Dealy each bought nitE
shares Of Carnegie Trust stock with the
proceeds of their notes or, rather Cuih-
minis bought the shares for them ana put
them i'm his private box at the holland
House. They are there yet, he testlne1'
and will be turned over TO the house OIL
Ger and the carriage man when the latter
have paid their notes in full Cummins
has himself paid these notes in part TO
help the boys out" he said
The Veta Colorado Mining and Smeluhs
COMPANY. the Platt Iron Works ana 'he
Alfalfa Feed and Milling Company were
Cummins concerns whose paper continued
sitting into the Carnegie Trust company :
vaults in spite Of the Banking Depart
rent's affections The proceeds OF the Al
falfa note together with the proceeds OF
rote negotiated with Robert Pringle were
used TO retire the Hearn and Langley notes
tn the Carnegie Trust Company against
which a lot of Carnegie Trust stock was
hold in escrow. Cummins. Reichmann,
Condor and Moore, who had guaranteed
p,ingla against loss. took the stock. the
witness said. Pringle. however, finally PAID
s5o ono on tho note, getting nothing in re
turn.
"Our crowd paid the rest added Cum
minis.
with money borrowed on your notes
from outside banks?
That is correct"
Were these notes ever paid?'
81 understand Mr.. Phipps paid all of
them"
when he came to the rescue Of the
Nineteenth Ward Bank and paid good
money for your old paper?'
Perhaps. but you will see how quick that
old paper is paid as soon as We are given
a chance to devote our time to it