The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-01-08
Robin. the Insane" Financier.
Blamed for Troubles of the
Institution.
FORMER OFFICIAL TRIED
TO TRANSMUTE METALS
Wall Street Hears News With
out FURRY, as 1t Was Ex-
pected Before This.
Rv Associated Press.

NEW YORK. Jan. IA third bank
across which the shadow of Joseph G.
Robin, the indicted promoter, had fall
an. closed it's doors today and tonight
The state superintendent of banks is In
possession of the Carnegie Trust com
psny. an Institution with southern and
western affiliations ~
An application FOR the appointm ent
Of committee to take charge of the
nerson and estate of Robin was denied
bis sister. Dr. Louise Robinovitch, to-
day. BY Justice Goff in the state su-
preme court
United States bankruptcy moneys,
stata and city funds are all tied up,
4 bonded in varying degrees Of sufh'
cheney.
b The company was named the official
depository of federal receivers and
trustees of bankruptcy appointed by
:he United States district court, on ap-
plication of Leslie NJ Shaw, who for
period was its president after his
Resignation from the treasury depart
ment
4 bond of $4,000 was given but
there are now on deposit $650.000 IN
/ yolved III compositions and settlements
al of which will be indefinitely de-
4 layed The city, which at one time
/ had Sl.000,000 on deposit. still has
s650000 secured by the individual bonds
on deposit, amply secured by 100000
bonds.
Promises to Pay in Full.
The future of the depositors and
stockholders will not be known until
the state superintcndent makes public
the report of his findings. William a.
Keener. one of the directors and for
merly of the firm Of Keener & Lewis,
counsel for the company. said tonight;
''Bank on what President Howell
saws. the company will pay dollar for
dollar"
President Joseph T. Howell, who was
Induced TO resign the presidency of the
Fourth National bank of Nashville
Tenn, TO take charge of the Carnegie
Trust company three months ago, was
rery optimistic.
"There is no reasonable doubt he
said, "that depositors will be paid in
Several directors are directors of the
Nineteenth Ward bank and Bradley
Martin. Jr., whose name still appears
on the stationery of the trust com
pany as vice president. although he re
Gently resigned, IS now president OF
tonight that there is no connection
whatever between the two institutions
and that the closing of one would not
affect the other,
In 1909, when the Carnegie Trust
company was under the presidency OF
the late C. c. Dickinson, who diec
mysteriously last May, an effort wa!
made TO consolidate the Carnegie Trus
company. the Nineteenth Ward bank
the Twelfth Ward bank and the Var
Norden Trust company under the man
agement and name of Carnegie.
Although Mr., Dickinson had beer
state bank examiner. he was not per
soma grata TO the state banking depart
der ruling that it would be impossi
Bile for trust company TO consolidat,
with state banks. Recently the Nal
Nordcn Trust company changed II
name 10 the Madison Trust compa ny
and Bradley Martin, Jr., was elected
president.
Il Dickinson Modern Alchemist.
The closing of the Carnegie compan,
Today was 10 surprise IN financial cir
eles and caused little disturbance OF
me stock exchange. a brief fall II
the market and was quickly met by sup
Ing orders and at the close the ton
\ was firm. On the street the uncertain
status of the company had been q mat
Ter of common knowledge.
In its brief career-it was organize
In l9O7--it had already passed throug
one serious period of depression an
y was Charles &. Dickinson, whose fam
ily is still at litigation with insuranc
companies over his death,
" He was interested IN experiment
booking to the transmutatiou Of metal
y and his brother, Stanton g. Dickinson
4 advanced the theory that he was kllle
Z by inhaling poisonous gases IN lat
oratory test
z IN this theory the family sought I
4 collect $4,000 accident insurance. \
autopsy performed by experts for tn
company showed. however. that deaf
was the immediate result of pneumoni
and Bright's disease.
NJ Mr. Dickinson resigned and got Lc
lie NJ. Shaw TO succeed him. Mr.. Sha
3 proved very successful business ge
ter, but he did not agree with Nj
n Dickinson, who still retained a lare
share in directing tho policy Of tn
pnnk, SO Mr.. Shaw resigned
n Mr. Dickinson became president agar
q put did not succeed in gaining the col
ldence Of influential banking interest
n 30 many changes Ill management M
: not strengthened the bank IA publ
Iaror. II is evident from its repo
z % tho state superintendent on Noven
. per J that its business had greatly d
c,lned IN recent months. Deposits {
tnat date were given at S5.705 100, ;
/hgainst $9,2IS.700 as shown III Il
, ''JJnlv.
III Then the shadow Of Robin again fc
across It's doors. Dickinson and Rob-
n bad been friends.
Robin was on the first dircctorat