The sun. [volume] (New York [N.Y.]) 1833-1916, 1911-06-24
DENIALS FROM CARNEGIE
That lie In Any Wa! Hacked the Name.
sake Trust COMPANY.


That lie In An. Wa, Hacked the Name.
sake Trust Company.
Before he went to Scot land Andrew
Carnegie gave a deposition in behalf Of
James F.. Il. Carpeniar. en- arch,tec,, a.
AIS Fifth avenue in IA -uit brought against
him by the Superintendent OF Fanhs in
behalf Of the Carnegie Trust Company
to recover 1900 on u note found in the
trust companys vaults The deposition
was offered in evidence yesterday on
the trial before Supreme totr, Justice
Lehman
The note vas for $4,000 and repre-
sented the purchase price OF lm shares
Of stock in the trust company In. de-
fendant had paid =, ,ooo on the note In
his answer TO the suit he admitted that he
made the note. put says IL was obtained
on the mlsreprescn,l i. ION of William J
Simmins that Carnegie wFs financially
interested in tho tris, company and
had made the trust company the execu
tor Of his will Cummins even showed
him what were alleged 10 be Mr Car
negie's strong boxes for securities in
the trust company vaults. Mr.. Carpen-
tor said
After the plaintiff had offered proof
thu, ,hs po,s was sxacu,ed and wa,
C -
unpsio MI 'Afpeh'er ~a- ea'eu 10 ne
stand by ms counsel, George Gordon
Battle
Cimmns the witness said told him
that the stock was cheap al sl65 a sh-i"
ana that IL was paying ier ce'.' uiNi-
dends and could easilv pay Il If The d.
rectors so desired Nj Carr.nter still
h,,,o ~ a,d C,,,n,,i,s NO, ,,,.,,.j hin
e " ~ r,
dowh 10 see me company Nai"s. ih"h
Cummins pointed out large section
he said Mr. Carnegie used
-Dit vou a.. whs, was Mr. Carnsc,a's
,; ,,.;,,, ~, ,,,,,.- -,
Sc'heo',Vi WI" '"e ''"i''' ">Ne'
vi. "n ;e, .H. ca:-,.
.cs, a"u W. u'u " az "ISIe
. coIi.,eS.'y ~" "I IL .. ne y
Iisi' oao" VI u9 ile iaH asi 80 " Ii'aHe
'he co",taIi' iii9 $500 Vi -. W h,s suea'"
a, Mr a.nes'e uet'os.,i ION ."nsh on
Nay Nv a. ms nolhe, was tlen onereu
worm az ieas. se,e.al IhiIIIohS
tian you III January OF 'ulV' ieio'
mace any ASrre.i,ei,, ,naI ne arnes,e
lrus' company should administer your
estate aiter your death;
Never.
had you ever Gone OF sato tny,hins
10 my omcer OF representative on me
,a,.',, e., COW, oar,. s,,,'',;.,e
ns,a,s after vour 4eatb9"
-\ev.r Never enf.,.l.,.d tho idea
Never messed it
MIR Carnes.e then repeated that he
never made any 'greemen' with any
one TO be closely allied with the trust
company.
bid you ever heve any connect ion
with the trust company
never had any connection with il
tain stockholders and rectors lending
a million ~ bonds thTt they begged me to
lend them
Mr. Carnegie said iha, he had never
given any one connected with the trust
company the benefi, Of his sdvioe. end
seid that he wouldn I have been able TO
advise because ne knew nothing Of the
trust company's ahalr, he not only
did not authorlz" the use OF MS name but
wrote objecting to the trust company =
name because ne thought that living
man name should not be- used for trust
company He SAD he sent his lawyer 10
Albany to see II the Use OF his name could
not be prevented,
After MIR Carnegie protest G. &.
Dickinson, then president, wro;e 10 Mr.,
Carnegie IN scotland ana SAID that his
name was to be used and asked II he
would take any steps TO prevent II. Mr..
Carnegie rephed:
Provided that il Is clearly stated that |
have no connection or in,eres, ia the trus,
company. shall not. and indeed canno,
make objections to the use Of nv name
DO you a. any " ine ss.eI, cohpart-
ment III the arhcs'e oe,e bePosi, Son-
pahy lot your o"" "'e' "a' "shed the
witness, . :.;. 81.
was never e,sns .he noors OF the
Cernesle rust So'h.,atF uoh know
there was such COMPANY as you have
Just ineht,ousu 'h's - 'h' hrst Time
ever hearo o!
Dio you e.eI So .or Solr persohal
use compartment III 'he a'heRle lrus'
Company