New-York tribune., 1911-04-07
HYDE MUST PRODUCE
CHAMBERLA|N'S PAPERS
Carnegie Grand Jury Calls for
Books and Records OF
His Office.
LIGHT ON S6OO,0o0 BOND
Cheney Will Make Report to
Dix, Giving Him Details for
Closing of Banks and
Their Condition.

The City Chamberlain has received
from the District Attorneys office a sub
pcrna duces tecum TO produce before the
grand Jury investigating the Carnegie
Trust case all the books. papers and
records Of his office. The order is com
pr rehensive and will rake together,
among other documents. IL is pointed
cut. the 100000 bond which the Car
negie Trust Company put up last sum
mer to secure its large city deposit.
Joseph G. Robin who testified that
Charles II. Hyde. at a conference In the
City Chamberlain's private office in Wall
street last August. led him To believe
that loans to Cummins and his Carne-
gle Trust associates would mean added
city deposits in the Northern Bank. has
also testified that. to the best or MS
knowledge. this bond to secure the city
money was returned by the city Cham
berlain to the Carnegie Trust Company
The bond was given in the frst place
at the behest of Controller Prendergast
when HYDE was absent in Europe. 1t
will be one Of the main objects of the
investigation of the City Chamberlains
records to find out how true Is this re-
port.
TIE District Attorneys office expects
N get more details through the Cham
herIain's books about deposits or CITY
money in banks Of the Cummins syndi-
cate the bonds covering this money ana
tho fluctuations in the deposits. II Is
also believed that the books will throw
an interesting light on the activity or
Deputy Chamberlain Walsh just before
The closing Of the Carnegie Trust Com
panv. when he made hurried visits To
number of banks. withdrawing the city
deposits or demanding better security.
Assistant District Attorney Clark, who
has had the Carnegie Trust case In hand,
will begin on Monday a thorough exam
ination Of the records. He has already
looked into them TO some extent at the
CIV Chamberlain's office. where Mr..
HVde gave MIN ~ II'f l'Il
In the meantime Superintendent
cheney Of the state Banking Depart
ment. will have made a full report to
Governor Dix on the condition Of and
the reasons for closing the Northern
Bank the Carnegie Trust Compans
and the Washington Savings Bank
For this purpose the Superinten-
6ent went to Albany Yesterday. " was
known Sunday night, when the Governor
yas at the Waldorf. that he was con-
ducting en- independent investigation
nartjciIlarly into the Banking Depart
ments responsibility for not closing
these institutions before He is partic-
,larlv interested in the charge made be
fore the grand jury that an official OF
III. Banking Department dictated the
altering Of the Robin loan entry on tn,
minutes Of the Carnegie Trust. thing
that led to the indictment Of Joseph r
Re,chmann. who was president of the
company AT the time.
More bankers told the grand jury yes
,erdav about Cummins loans and city
6eposi,s Leroy W. Baldwin. presiden,
~ the Empire Trust Company was ths
r,inciral witness. He testified, II Is said
| ina, although his trust company carried
both Cummins paper and city money
,bere existed no connection hetwecI
,hem NJ. j Brown. assistant secretary
,f the Empire Trust Company. WAS pres
.nt To verify. dates and SO on That jot
also devolvcd upon Mr. Minis, the assist
.n, cnshier of the National Reserv,
Bank
From Riverh.ad. Long Island. cam,
the information that Justice Jaycox. In
the Supreme Court. had dismissed IN,
libel suit for Sl00.OOU damages brought
I nv ROBIN against James A. Garfield
! editor of THE Patchogue Advocate
when the case came up. Ralph
| hawkins. attorney for the plaintiff. sait
that his client was ''unavoidably dc,
tanned" and unable to be present.