The evening world., 1911-02-07
Banker Raised 100000 on
Town Mansion Before Son
Left for China.
MIX IN CUMMINS DEAL.
Search Of Carnegie Trust
Books Reveals Alleged Dupli-
cate Entries in Bank Purchase.

Warner NJ. Van Norden. former pres
ident and nice the principal s%tockhoider
of the Van Norden Trust Company. re-
named the Madison Trust Company. in
letters 10 friends. written from Shans-
hal. China. has mad known that he
purposes 10 remain away from New
York at least another year. This dec
laration from Mr.. Van Norden was no
surprise 10 the State Banking Depart
mcnt. or 70 the officers OF the Equita-
BILE Trust Company, who are liquldating
the Madison Trust Company under an
ARRANGEMENT made at the Sunday con-
ference In which J. Pierpont Morgan
participated. Immediately after the
closing Of the Carnegie Trust Company.
Jan. z.
Transactions in several banking in
situations from which Mr.. Van Norden
resigned following the sale OF his stock
In those institutions 20 a syndicate
headbed by william ]. Cummins, the
Nashville captain OF industry. form part
of D4Strict-Attorney Whitman's invesu-
ration into the affairs OF the Carnegie
Trust Company. Mr.. Whitman has been
at work or the books of the failed in
stitution two weeks. hut so involved are
some OF the transactions that the in
curry IL sill in its first stages.
100000 Mortgage to Law Clerk.
On Feb. 10. 1910. Warner Van Norden.
father Of the absent banker. put a
si0o, 900 second mortgage on his white
marble tow house. No. s East Sixty
second street.. The mortgage was not
recorded untr May IS. 1910. According
TO the papers on file the mortgage was
subject TO q first lien Of $4,000 In favor
az the Seanen's Bank for Savings,
VII. was recorded In October, 1904.
The second mortgage was given in
favor OF Hiram Barney" The Evening
World. after a careful Investigation. has
located Mr.. Barney. He is q beardless
law clerk in the ONCE OF Parsons,
closson n McIlvaine. No. 81 william
street. With Q room At No. Is East
Fortieth street. Parsons. Closson g. Nc
Ilvains are attorneys for the uptown
banking institutions from which the
younger Van Norden retired 4 year ago.
Warner NJ. Van Nordsn had been
widely known Is the owner Of the Jay
estate at Rye. With his wife. beautiful
former Grace Taicott. and their adopted
son. John. Mr.. Van Norden occupied
the historic mansion. with herds of
Scotch Highland cattle. half a dozen
zebra and a sacred COW or two roaming
over the 172 acres. Mr.. Van Norden has
not been there since Christmas, 1909,
and OF Feb. 1 following the large
retinue Of servants was given tive
weeks notice and pay in full by Mrs
Van Norden.
The agent In charge of the propert,
at Rye said to-day:
Neither Warner NJ. Van Norden mo-
!. any member Of the family has contro
of the Jay estate. which was incorpo
rated several years ago as the LondoI
and Edinburgh Company. I am not a
liberty to tell In whom the control A.
vested. There Is a large mortgag,
against the property in connectio,
with q bond issue. Mr.. Van Norden'i
stock and pets were sold at auctio,
nearly q year ago. and there is no
the remotest possibility OF Mr.. an,
Mrs. Van Norden ever resuming occu
psncy of the Jay mansion"
Departure Not Due to Robbery.
The exact date when Warner NJ. Va,
Norden sailed from New York is no
known. On Jan Z. 1910. he receive,
vide notice because OF the story of a,
encounter in Fifth avenue near IN,
waldorf with two women. whom n
claimed robbed him of $4,000. Tn