New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-06-20
Notes in 18th Ward Sank.


rre notes were as follows William
Knabe. $1,000. F.. D. Knabe jr' S-7.'''''
/ Charles W Chapman. 500" = LuaI'"
syndicate manager. $1,000 and J"nN
/ Cudshv. $4,000 The Indictment charges
that tbese notes. guaranteed as they We're
bv the Carnegie Trust Company' consul
ru,ed over $4,000 Of contingent NaplltF
which should have been mentioned on the
~anort 10 the banking department Through
documentary evidence and exhibits Mr.
F clark established that the executive com
n,ittee Of the Carnegie Trust Company had
nassed a resolution on March T. 1910
Affirming and raufyiuE the guarantee or
the comuanv on the notes I'm question ana
the defence conceded that Reichmann mad
been present 81 that hearing.
/ Mr. Baldwin crOss-oXsn nation N
Martin didn't 70 into tho particulars OF
tho note question that was the chief point
NJ the direct examination Instead counsel
for the defence turned his attention m NJ
. Martins general knowledge Of Rcichmann
7 as business man.
After referring 10 Reichmann connection
with the National Starch Company. Mr..
Baldwin asked You knew him generally
az business man rather than ar a
banker"
AIR Martin asserted. and Mr Baldwin
asked him II be- knew the late o.. O..
Dicxirscn. former president Of tho carnegie
Trust COMPANY Mr. Martin said he had
known Mr. Dickinson as banker and =
man for a long time connected with purely
banking AFFAIRS
Taking up then the matter of the report
by the defendant 10 tho banking depart
ment upon which the Indictment Is based.
Mr. baldwin got Mr. Martin 20 saw that he
himself as president % the l9ch Ward
Rank had signed such reports without
having had any hand In their preparation.
and sin7plv upon the word Of the auditor
or secretary who prepared them.
rs that the general wav7' asked NJ
Baldwin.
eyes" was Martin- reply
do you know Of any bank president who
docs differently" he continued. bur Mr.
/ Clark and District Attorney Whitman
stoned that line u questioning with an oh
lection which the court promptly sustained
Asked About NJ. W. Hutchins.
Baldwin d-ov ou, from Martin that he
know. thar tho Knabc notes were Iegacics
erou tho Dickinson administration of the
carrerio Trust Companv and then turned
~ "a few questions about ST. w Hutchiu-
chloe o~a-rire- d, the banking department
eva. Mr. rru.ch'ns 'anll'ar with vour
bank" ho asked Mr. Martin Sai' maj
rru-cbins frequently talked with him about
banking matters.
Ibid mo over give vou advice and founse'
about matters foo connection with your
hank 90 pursued tho lawyer.
well don't thnk-adFir' and counsel
Nv Martin unused . moment Well 10
talked win n.y. over matters concerning
tho bank"
Ibid Ge ever talk with you aooa, these
notes.
OF don know
Ref@-c mo- loft ,lc stand ~ Martin to--
-,fad that tho notes guaranteed hf tine
,...-,,e,,is Trust company. We're all included
.r bis report 90 tine banking department
off August 81. 1910 under 'he headins OF
notes purchased.
r. T. p Ball. formerly the auditor of tHe
Carnegie Trust Company. and man WI"
was said 10 have Furnished much of the
-,.,it,-,i,.rv information winch iced mp 10
.,. pei.bnanu indictment took the stand
.t.. t,,. yearned to have forgotten many
of the specific details that were wanted
Starting with the general statement That
mo- interest had been charged on out-of-
town drafts deposited with the Carnegie
Trust Company TO the credit OF the various
-,,,,,,ine svndicate enterprises. Mr.. Ban
I'D NOT specify single instance on
mich % base MS general statement Bal.
II appeared. was the man VINO actually
sunervised the making Of the report upon
which the Indictment against Reichmann
is based
Robert l.. smith. formerly Fice-president
,h. Carnegie Trust Company testified
,bat his initials had been necessary 10 any
t-,,+ before IA customer was permitted 90
d-aw against 1t. except II MI Reich
nam ID K.d IT, ms initials We're not neces-
sary. .-u-- .. .,.....-
.,,i..,ions ~ tine Carnegie testified tina.
,r. ysusl method had been TO mail out-ot-
town drafts put IN Tor collection 70 the
...,,nan,... correspondent Boo tnHt town. but
lt.., b.. tn, cases OF such drafts Boo fato.
"a, ,,, .,rious Cummiu Indicate CONCERN
,,, method Wa rl.anged and tho letter
atr, tn. draft uqlosed was -imply sent