The evening world., 1911-03-20
TOOL,
He DECLARES, IN
CARNEGIE TRUST
Declares State Banking De-
partment Schemed to Gust
Dickinson From Control.

New light let into the murky past OF
the Carnegie Trust Company by District
Attorney Whitman. 1t was learned to-
day. has revealed a remarkable drama
played by officials OF the state Banking
Department TO eliminate the late c. C.
Dickinson. founder OF the broken trust
company. from the financial district.
William J. Cummins, the Nashville
promoter. who was "a most welcome
visitor" at the home of Clark Williams.
according to information now In the
possession of Mr.. Whitman. was used
by the State Banking Department as an
Instrument TO effect the downfall Of
the Objectionable Mr.. Dickinson.
, Throughout his bitter fight with Mr..
| X In the board room OF the
trust company, Mr.. Cummins declares
he had the legal advice OF Jordan ].
Rollins, the intimate friend OF Clark
Williams. II was Rollins who wrote
the now famous letter introducing Cum
minis to City Chamberlain Hyde pub
lished exclusively in The Evening
World. Rollins at the time was cpun-
sci to the State Banking Department.
Cuminins declares that no sooner rad
he forced Dickinson out OF the trust
company han the State Banking De-
partment turned against him. EVENT.
ally closing the institution Jan last.
Williams Applauded.
1t was Clark Williams. as Superintend.
ent of Banking. who welcomed the
advent of Cummins IN the Carnegie
Trust Company inc applauded his
crowding out OF Dickinson. Mr.. Will.
iains resigned In November. 1909. to be.
come State Comptroller. and 1t wa.
upon his insistence that Gov. Hughes
nan.Al Orion H.. Cheney, the incumbent
as lnS successor. The Carnegie TrusI
Company was closed by Mr.. Cheney.
"All these facts are At matters TO bt
probed by the State Legislature" de
clared a lawyer employed by Cummin.
at a recent conference in the HOLLAND
House. Mr.. Cummins had been com
planning bitterly OF the treatment ac
corded him by the State Banking De
partment. l!kening 1t to a "brac,
game"
The very thing-a legislative lnves
tigation,' spoke VI another lawye
present at the conference.
III ~ = INV bttn u DIl
gin OF the decision 10 bring chou;
; legislative Investigation OF the Stat
Bannins Department. Friends OF Cum
Minis are exceedingly anxious to &c
Attorney-General Carmody into the al
fairs OF the Carnegie Trust compan,
May Gust Whitman.
10 start a legislative probe at a tim
when trust company matters are befor
the Grand Jury, according to friends {
Observation-Disclosures Whitman, IL only ar
other way OF bringing about what va
attempted in the delivery TO Mr.. Viii
u man of Gov, DiN's letter by Stephen
Baldwin, counsel for City Chamberlai
' Hyde.
The objections OF the State Bankin
Department to the methods OF the la
+, g.. G. Dickinson We're, In al probabilit!
well founded. Dickinson, who was
former bank examiner and a lawyer g
well, defied tho New York Clearlr
IS House. ana ran amuck in the financi
district. lie took out-of-town collection
free In exchange for new deposits. AT
, he was aid to be z general disturbir
w. element.
- Friends OF Clark williams decla
~ that Cummins was welcomed by II
IA superintendent Of banking 'as the FIR
y. genuine Toll to Dickinson inside Il
st trust company. The conflict betwe'
~ Dickinson on the one side and Il
as state Banking Dep rtment, aided
Cummins. is all q matter OF reoor
Later Cumnlns filed UP the uu
company with his own paper and can
err 10 grief ON his own account with t
pnVy Snnarintanlpnl Of Ranking.