The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-05-03
Relinquishes Position in
Order Not to Embar-
rass Gaynor.
MAKES DENIAL
OF ACCUSATIONS
Enters Plea Of Not Guilty to
Charges of Bribery and Taking
Unlawful Fee, and Is Re
leased on $500 Bail.
Victim of Con-
spiracy.

New York, May 3.-Clarles H. Hyde
will resign as city chamberlain at
once. Under Indictment and under the
IRE OF practically, every newspaper In
New York, he announced tonight. al
though he Is the victim of "one OF the
most wicked conspiracics in the his
tory OF the city" he will rcIinquish
MS position In order not TO einbarra SO
the Gaynor Administered He has
been the Mayors protcge for years.
indicted secretly yesterday on two
counts, one charging bribery, the other
with taking an unlawful fee. Hyde
plcaded not guilty In the criminal
branch of the supreme Court this az
ternoon. with permission 10 change or
withdraw the plea up TO May I6, and
was released under $500 bail, while
the grand jury resumed its investiga-
ton OF the Carnegie Trust nasco, with
Q. H. Chcnery. State superintendent Of
Banks. as n witness.
Other officials OF the banking de-
partment also VIII be questioned as
to why the Carnegie Trust Company
was not closed, although known to be
lettering.
The city chamberlain's statement
predicts his complete exoneration. Bit
terly assails the district attorneys
office. and concludes:
ia Z Ho rear OF uoubt that the
whole conspiracy against me will be
laid bare within a very short time"
Hyde asked the public to suspend
Judgment until the motives behind
the prosecution" are brought out, and
says that with 120 or more banks with
which he has had daily transaction. IL
Is strange that more alleged irregu-
larities were not brought out. "if
were capable of the dastardly crime
OF betrayins the city"
Testimony of Robin.
He was Indicted mainly. he adds.
on the Testimony ,cf the discr editcd
and self-convicted Joseph e. Robin.
who has been enjoying the hospital
ity OF the district attorneys oaice.n
lie specifically denies an alleged trans
action with the Northern Bank, upon
which one Indictment is based.
After the arraisnment. District At
torney Whitman gave out a statement.
explaining the indictment. 1t was
charged that while Joseph c. Robin
was chairman of the executive board
of the Northern Bank of New York.
Hyde agreed with him TO increase the
city's daily balance with the Northern
Bank, ii in turn the Northern Bank
would the next morning lend $4,000
to the Carnegie Trust Company: that
the loan was made. and the citys bal
ance substantially increa sed Samuel
untermyer, the chambcrlains counsel.
asked for an early trial. which Dis
trict Attorney Whitman promised
Before his appointment Chamberlain
Hyde was the law partner of Mayor
Gaynor, and has long been his per-
sonal friend and political adviser.
Mayor Gnynor Loyni.
During Hyde's absence in the South
the Carnegie Trust Company. in which
the city was n heavy dcpositor. went
down, and a storm of criticism rose
against him. 1t did not shake the
Mayors loyalty. and Mr.. Gaynor came
to his defense with a public state
ment.
Investigation of the Carnegie Trust
Company brought out a batch of In
dictments against those controlling its
affairs. who also are said to have
hoasted OF Its friendship with Hyde.
Various city repositories were shown
to have made loans TO the Carnegie
directly before or after they received
city deposits. ard the prosecution will
attempt to prove that the promise OF
these deposits was used a club to
force the loans to the crippled Car
negie, then tottering TO its failure
About the time these loans began,
tary. Ohm Y. Smith. got $4,000 from
the Carnegie in the form OF various
checks which he deposited TO his pri-
vate account. Shortly after he drew
against this account $13.S00 In four
checks. two Of them payable To cash
and two to the city chamberlain. The
district attorney Will try to prove this
transaction covered q payment for
services rendered.