New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-04-27
Mr.. CARNEGIE CORRECTED
u;s testimony Before the Grand
I Irv Amended by R. A. Franks.
CHENEY MAY NOW APPEAR
district Attorney in Dark About
',...ont;on to Safeguard Trust
Company's Interests.


81. testimony Of Andrew carnegie oe'ore
= .ord Jury on Tuesday was corrected
..,,rdsy in some rather essennai oe'S''s'
learned by r. a. Franks his man
oe For instance Mr.. Franks
,oss,hIv he might have given the
.,r;ntendent Of Banks some assurance
ur. Carnegie was BEHIND tne 'ar"esN
NC, Company without. however, commit
At, carnegie or himself. Mr.. carnegie
er assured the grand jury mat ne
So Endorse and always mad ,ndorsed
=, Nr Franks said
,.o.ber point where tho testimony oil
,.s,sr and confidential agent divergeo
,'.,,red the use for which the loan OF
s,no,o was attended. MIR. Carnegie SAID
-..Sev he lent the money 10 buy the
e., Norden Trust Company ana the
-.,s,b and Nineteenth Ward banks ana
$50 them With the Carnegie Trust com-
- on the understanding that ClsrK
-ru.rs WAS 10 be president Of the merged
,.,ts He emphst;oally denied that the
ny was intended for use by The trust
,cnnsny itself.
80. r,a,ts On tho other hand. said the
.hoygb made 30 the directors OF the
-.s rms, Company as individuals.
attended for the institution, 10 aid IN
,...tne rho strjnsency then existing, on
.ornt ~ the four 5000 notes In the
..nranv's vaults. This was iust the use
N which II was put.
~ FRANKIE testimony. II IS said mas
.,,s4d the District Attorney 10 change ms
- with regard 10 the desirability o.
..,in~ Superintendent Cheney face the
-..,d iurv Mr.. Cheney will he invited 10
'.,.sr according 10 the latest report after
x,hs made his formal written report con
e.-rirr the Carnegie Trust Company 10 the
Governor.
"rsrslysedr by Developments.
NJ FrapEs's ides ~ William !. Cummns
d. that he has rather an attractive per
,o,artv" lie SAID he believed Cumr,lns
:, me time had really tried 10 help the
cs-negis Trust Company to higher level
e, ,he witness said he had been para
,,.s- by the DEVELOPMENTS since the fail
o-s of The trust company. particularly
,so.s bringing the City Chamberlain
van. into the situation. He knew nothing
he sald o. any financial arrangement eN-
,.,-r between Cummins and Charles n
uvss. though he had known in general
wa Of the friendship existing between The
Nashville promoter and the city Cham
hsilsir
T. -as after Mr. Carnegie lent the s2,1A,
AZ 10 Curnr1ins end his friends, in Jan
r,rr. 1alo that Mr. Franks began 10 take a
rios. interest IN the affairs Of the trust
conranv. Following this loan, he was
ro,stsntlv IN touch with Cummins and Mr..
cheney, comforting with them singly END
,ogethe-. with the idea at ell times Of safe
guarding his employers money. If the
trust company closed, Of course Mr.. Car
rerie's loan and collateral securing II were
round n suffer
PERHAPS IN his eagerness n serve Mr.
Carnegiss interests he had justified the
inference in the minds az both Mr.. Cheney
end Cumn1ns that the ironmaSter would
hack the institution AZ all hazards. He
didn't know OF one thing he was sure.
however. and that was that At no time DID
he commit MI. Carnegie or himself In
Writing
Nv Cummns spent IN Improbable ten
MINUTES before the grand jury refusing to
answer any and all questions Ne had on
tered the Criminal Courts Building With
sterhen 9. Baldwin. his counsel, but the
two had then parted. Cunmins proceeding
70 The grand Jury room and Baldwin 10 the
Supreme Court room where Justice Davis
rres.des While his client was declining
IN testify. the LAWYER was awaiting devel-
o1ments
Failed to Compel Answers.
Tne first question hurled AZ Cummlns 50
Is reported. concerned the conversation
between Chamberlain HYDE and Joseph g.
Rohir At that conference, one August night
IN Hydss Wall street office That is a
Point the grand jury most desires 10 clear
u0 ana It kept at Cummlns a. II had at
Reichmarn the day before, until the ps-
trct Attorney decided 10 rush the witness
ooHnstsirs before Justice Davis and compel
MN 70 testify Mr.. Baldwin Was there in
easer readiness. but the Justice had ad-
joprned court and gone home
Cummns Will he called again 10 dsy. and
re same question put 10 him. but not so
Joseph 3 Feichmann. The District Attor-
g.. II is said. has determined not 10 allow
seichmann to appear before the grand
tiry any more. lie would not discuss the
Subject however.
Other Witnesses expected to-day are
Deputy Chamberlain alsh. Deputy Con
roisr Fisher ano those directors of the
Northern Bank who were present at q
meeting ~ which Robin asked that the loan
O. 10000 be made 10 the Carnegie Trust
Company.
onion ". Cheney filed in the County
Clerk Office yesterday a list of claims
go against the Carnegie Trust Company
" 10 last Friday. There rs list Of tbs
esposi'ors Of the trust company Up 10 the
e7'e when its doors were closed. and the
Population shows
prorsa dspositors claims. allowed ,5.724ogi e-
Cam. for legal or Other services "a
rtr claims ,nled and allowed ..... 500 %
There are nearly forty typewriter
PAGES n the names or depostors 81
ths Carnegie Trust Company Among
the larger amounts are included: City
chamberlain. $4,000. American SNUFF Com
psny. s253155 Is. American Cigar Company
GfE4 81 Egyptian Lacquer Manufacturing
eonpany. 81, Os9 -: Forward Association
tA,So2 81. New York Fire Department re
~ fund So 2s y: Elsie NJ. Shaw. $40 900
,nd William sohmer. treasurer Of Tam
uany Hal. N1,e3o 80.
Among The preferred claims Is money de
posted Wy order Of the United States Dis
tlct Court The rejected claims foot NJ