New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-04-12
HOPE FOR DEPOS|TORS
Those of Carnegie Trust Com
pany May Be Paid in Full.
NEW OFFER FOR ASSETS
Samuel Untermyer, as Counsei
for Hyde, Protests Against
Stories About Him.

pepositors I'm the Carnegie Trust com
many engaged the attention OF powerful
financial interests Yesterday and may ere
long be paid IN full. The first oner OF
& o., Ora for the company's assets wnlch
would mean about ~ per cent for deposit
tors. has been improved upon already. as
was told Yesterday. Now syndicate OF
bankers is considering the matter and maze
a tentative offer yesterday 20 pay depoSi-
tors in full
The plan Of action proposed hy the syn
6,cate will recommend itself especiaiiN 10
the army 81 clerks and stenoeraphers which
made up the bulk Of those who lost money
a. a result Of the trust companys collaPse
three months ago. The bankers IN 'i"S
latest syndicat. would pay the small o'-
rosftors in fun at once and let the iars'i
denositors wait for the full settlement vi
their claims until the assets had been iu'iE
realized upon
And in the meantime A number o. ieaulhs
bankers. not identified, It is underStoo".
with this syndicate. are devising means 81
settling the affairs Of the trust Coihp"H'
as respectfully and as eXpeditiousiY as P"'
sible. They met yesterday to DISCUSS NV
subject In their number are James ~
Wallace. president Of the Cental Ir"SS
Compsnv. Walter r. Frcv, president "'
Tho CORR Exchange Bank. \. II. Wtegin.
rresident Of ,he Chase National g H.
KELSEY. president Of the Title Guarantee
and Trust COMPANY and j T. Taloert' "ce-
president Of the National City Bank
/, &c the object OF these men. known as
-he Clearing House crowd. 10 aldN puo-
lie disapprcva and foresiall any woe
snread demand for state Investigation o'
nankine by aiding the State Banking Ia
rartment TO wind up the affairs or the Gar
negie Trust Company TO the saus1a'''o" Vi
tho depositors Their immediate concern i
that of persuadins the many banks H' low
holding over q million of 'umminS sNhu-
cate paper TO be patient and to a'lo" 'Ie
,,rn,nins concerns whose securities ho'u
they and the Carnegie Trust company "o"
10 make good BY pitching these sec"'''
on 10 The market and hlins peu'lo"s ~
bankruptcy against William !. Nu'li""9
and his coterie. much Of the potentaI Nd'"e
Of tho Carnegie Trust Company assets
would be destroyed.
The members of the new sNndl'de ~
anxious. too. that the small depos'oiS "
osd i'm fun first. and viii use ti'el' i"-
fuence il is said. TO persuade Inc la eV'
dspositors TO consent TO such an arI"n7'-
rnent for the sake Of pleasing the puoic'
And stu another plan, II ~ Whispered -
that Of asitating again the inclusion OF All
banks and trust companies in the Clearing
House. 49,
with regard 10 the publicity given ~
Charles n. Hyde. the City ChamoeiI"'"'
a. result OF the grand iuT's inVeS'sd
ton OF Cummins loans and city depoSl'S'
Samuel Untermyer. his counsel, made inns
statement yesterday
In the interest of fair play and common ION
6ecencv this grotesQue eN-parte Ulai III u.e
newspapers of a public official whose actS
ore under investigation should cease a.
once Ii Is hoped That the pubic VIII ma
fLo iustice and common sense 10 aDS"ihltIN
,nsfeoo Judgment until the facts can uT
known in the ordinary process "i Juuic'''
inquiry. Ill 900 &c di.qracafl
ana humiliating t. those who nave 1altu III
lie orand Jury system and IN trlal ny Jury.
l. mas reached the proportions OF a serious
public scandal when reputape duu 81
scYvativc newspapers That SeheiaHy 81
d,.uc. a sense of TcsponsiblntN IN pu!h,N
atalrs have come To the point al WHICH,
without apology or explanation, thtN uHuYi
take To- discuss editoriallN ana eNl'esS oplIi-
ions upon the supposed evidence ua' -
heiHg given before grand jury III az f
thcr under investigation, as thouSH ny
facts were authentically before them. -
trcre not evidence Of real danger 10 "ui
institutions and is IL not high time 70 can
81 halt