New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-03-29
!. B. RECHMANN PLEADS
SHE:L DONS PAST RECORD STATE .QRNER INQUIRY !.
Continued from first page.

/ persuaded Rechmann 10 buy 900 shares
of Carnegie Trust stock. although Reich
mann has since said that he knew moth
Ing whatever about the trust company.
! Roichmanu then had fortune Of about
I s.ui0.On0. and Cummins was worth 81,
DcOOOo or moro. Both have spoken OF
the Carnegie Trust Company as the
sieve" into which they poured the'r
| riches.
! The National Surety Company went on
! RAchmsnn's bond. The indicted man
( mas until April ~ 10 Withdraw his plea.
Says Hyde Won. Testify.
Mr.. Baldwin. his counsel. took coca
sion To deny several things Yesterday,
among them that Charles II. Hyde, the
city Chamberlain, would testify before
tho grand jury.
do Won say that as his COUNSEL" he
was asked.
40. but brow what I'm talking
about he won't GO before the grand
| Jury. hasn't asked to go and won't ask
10 go Our relations, by the way are
| entirely amicabc and | am glad that
Samuel rntermyer has been called into
the case
Louis y. Hammerling. president OF the
American Association OF Foreign News
papers and director Of the Savoy Trust
Compal-. appeared before the grand jury
Yesterday afternoon. Both his identity
and The substance OF mis- testimony were
cause for speculation, and remained a
mystery. The City Chamberlain, how
ever, when seen st his apartments In
the Carlton Hotel. at iIth street and
Madison avenue. last night, issued the
following statement:
Nothing could Surprise me moro than
10 learn that there was any connection
between loans made to anybody and de-
rosits of city money In the Savoy Trust
Company.
The president II the Savoy Trust Com
pany, T. Gerli, sal with me on the board
Of directors Of the Broadway Trust
Company during the panic, and 7 knew
him TO BE- a very conservative man.
Mr.. Bauer. the secretary OF tho SAVOY
Trust Company. called to see me several
times In regard to deposits. | am not
H..
at hand, but ! think that the company
gave security for part or all Of their
deposits.
In addition TO this. Louis y. Ham
merling. the president Of the American
Association Of Foreign Nsv spapers, came
10 SEQ mC several times about making
deposits in that institution. and ii was
solely 10 all of this that the deposits
were due.
on June 6. 1910. NJ. Hammering wrote
me the following letter:
AMERICAN ASSOCIATION or FOREIGN
NEWSPAPERS.
LOUIS = HAMMERLING. President.
World Building, New York
Hon. Charles II. Hyde. City Chamberlain,
$50 Broadway. New York City.
June d. 1910.
Ny Dear Mr. Hyde: ! regret that
have 10 write YOU again. but as told you
personally that 7 am very much inter-
ested ~ q director Of the SAVOY Trust
Company. and as ! am leaving for Europe
tomorrow. desire TO thank YOU Tor
your past favors ana hereby solicit an
additional deposit Of $4,000. ! assure
YOU that | shall never forget what you
nave done and hop5 that you will favor
US this time.
~hall call and thank you personally
on my return. which will be August 10.
Again thanking YOU, ! am. yours very
truly
Louis y. HAMMERLING. President.
Some time about the early part Of
September, Mr.. Hammerling came again
to see me, and subsequent 10 his call
made the deposit Of $4,000 which he
requested i'm his letter.
Nobody else. SO far as recOlect. ever
spoke TO me. and ! am sure that no suS-
eestion of favor to me or any one else
was over made.
Robert II. Moorhead. secretary OF the
Carnegie Trust Company. was another
witness yesterday before the grand
Jury. His testimony was said 10 have
been IN confederation of that Of Liston
]. Lewis. director % the company. the
day before with regard to the mutilated
minutes and the Disgusting of the Robin
loan which led 10 Rechmann's indict
ment.
Joseph G. Robin will he a witness to-
day. as will several Carnegie clerks.
Then the grand iurr will adjourn until
Monday morning., when. il WAS expected,
bankers and officials of tho Banking De-
partment would be called More indict
mcnts against both Cummns and Reich
mann viii come next week. il was pre-
,;ictcd. and third officer Of the com
pany VIII be- indicted.
In the mean time. Rcichmann may lie
induced To testify himself. the District
Attorney hoped Reichmann's friends
seemed To think that John y. Rockcfel
ler ir. through his friendship for the
Young man. might seek 10 persuade him
to tell the grand Jury what h. knew
a bout the connection between Cummins
loans and city deposits.