The Barre daily times. (Barre, Vt.) 1897-1959, 1911-05-03
HYDE WILL
QUIT OFFICE
To Save Gaynor AdminlStra-
ton Embarrassment
CHAMBERLAIN DECLARES
Says He Is Victim of conspiracy--ls
Charged With Bribery and Also
With Taking Unlawful
Fee.

New York, May 3 Charles Fl. Hyde
will. resign as city chamberlain at once .
Under indictments and under the fire
of practically every newspaper in
New York he announced last night that
although he is the victim OF zone OF
the most wicked consporacies IN the
history of the city" he will relinquish
his position as custodian of the clty's
millions in order not to embarrass the
Gaynor administration He has been
the mayors protege for years,
Indicted secretly late Monday on two
counts one charging him with bribery,
the other with taking All unlawful fee,
the city chamberlain pleaded not guilty
in the criminal branch of the supreme
court yesterday afternoon, with permits
sion TO change or withdraw the plea
up to May IS, and was released under
81 800 bail, furnished by Daniel s. Nc
Elroy. commissioner of taxes.
A free man, he went smilingly
about his affairs again, while the special
grand jury resumed its investigation OF
the Carnegie Trust fissco and had as a
witness, o. II. Cheney, state super.
intendent OF banks. Mr.. Cheney and
other officials Of the state banking de-
partment are to be questioned to learn
why the Carnegie Trust comapny was
not closed, although known to be tot
tering financially
Hyde's resignation has been in the
mayors hands since Saturday last,
so it Is understood here, but the may
or has said nothing, although he held
an hours conference yesterday after.
noon with Samuel Untermyer, Hydes
counsel. The city chamberlan's state
ment issued after this conference, pre-
diets his generation, bitterly assalls
the district attorneys Office and con-
cludes as follows:
while | have no fear or doubt that
the whole conspiracy against me will
be laid bare within short time,
do not propose to have the administrs-
ton of Mayor Gaynor embarrassed and
! shall at once tender my resignation
/ After % years association with him
1 feel that he will not misinterPret 1t as
he knows better than any one else the
dastardly methods that have been en-
ployed to involve me"
HYDE again asks the public to sus-
pend Judgment until the motives be.
| hind the prosecution" are brought out
and says that with 100 or more banks
with which he has daily transactions
| it is strange that there are not more
alleged irregularities brought out III
we're capable of the dastardly crime OF
betraying the city"
He was indicted mainly he adds, on
the testimony of the discredited and
self-conyicted Joseph @. Robin, who
has ''been enjoying the hospitality Of
the district attorneys Office
1T is charged in the indictment,
saws the statement. "that / requested
Robin to procure the Northern bank
TO lend $4,000 of its funds to the
| Carnegie Trust company, and That
promised that il it did make this loan
4 i would increase the deposits OF city
funds in the Northern bank. IL i
| then charged that this loan was made
and that the city funds in the North
ern bank were increased It will prob
ably surprise the public to learn that
this is the entire charge against me
III have already denied that | had any
such transaction or made any agree
ment and now reilterate the denial
The $4,000 received from the Car
negie Trust company which the prose
cution charges covered payment fol
services rendered, was in reality nothing
more than an ordinary loan about which
there was nothing irregular, Mr.. Hyde
contends. Lawyers and business mer
of this community" he says, know
that for years my business and property
interests have been sufficiently large
to Justify large credits to me in thu
hanks