New-York tribune., 1911-03-21
HOW BANKS COT FUNDS
Continued f,cm frs' rsge.

dsys ago the hank received b. TRANSFER
from another depository $500" mors
Of city money
The CITY Chamberlain has sara ,ha'
no DEPOSITS were transferred - s'ei
the volume in the Northern Bsnk me
sources from which the city money IN
this institution came are best eH-
planned by the following letter from Mt.
Hvde 10 Borough President cyrus :.
Miller of The Bronx. dated February -
1910:
Dear Sir ! have selected the North
ern Rank. fremont branch. a, No. 90
Fss, fremont avenue. az the derository
for collections Of city money made un-
der the President OF the Borough OF
The Bronx
You will therefore please meke ar
raneements With the hank named 10 de-
post your daily collections there ps-
ginning Monday. February IA. 1910
Respectfully.
CHARLES II HYDE.
chamberlain
The weekly balance Of city money IN
the Northern Pank between February u
and August &. 1910. ranged from sloo-
600 ~ $4,000 For a month follow
ing the conference az which the aHeged
agreement between HYDE, Robin ana the
syndicate was made. this unref limit
was not passed.
Sudden Increase Follows Visit,
Then came Stumpfs visit 10 cum
minis and coincidentally the beginning
of decided increase until the maximum
of Sl.0SS 316 was reached on the last
dav Of October A week later half
million had been Withdrawn, end hy
December a. the last business day be-
fore the Superintendent ot Banks closed
the Northern Bank. only s2"".2lS 81
city money remained on the banks
books.
The District Attorney took luncheon
Yesterday with Andrew Carnegie at the
ironmasters house. He vas seen to
enter the house shortly after noon and
on emerging was importuned 10 tell
lit Hdtult VI HIS Il iciibs ~ 'Nr''i'' -
however. TO discuss it further than TO
confirm the surmise that he had taken
luncheon with Mr.. Carnegie. and TO
add that Charles Hills, former Assistant
Secretary of the Treasury. who will be-
come secretary To President Taft OH
April /, was also a guest He had spent
d very pleasant hour, he said.
Mr.. Carnegie. it is believed. told the
District Attorney all about his connec-
tion with the Carnegie Trust Company,
taking this method of giving informa-
ton rather than appearing before the
grand jury, as it was reported he had
offered to do.
EX- X-District Attorney Jerome refuses
to eliminate himself from the situation
as lie was asked To do on st. Patrick's
Day by his former client. Robin He
will not reply TO Robins letter, but he
sent fourpa letter to Justice Sea
bury Yesterday, explaining his attitude
in asking an open hearing on Robins
sanity.
In the mean time the trust company
inquiry is widening daily. The District
Attorney. il is understood, plans to call
every one who may have any knowledge
hearing on the company's activities TO
testify before the grand jury, including
Superintendent Cheney of the State
Banking Department, Clark Williams,
the former superintendent. and Jordan
J. Rollins, counsel for the department
Nj. Whitman was asked yesterday if the
evidence already in his hands did not
make a state investigation of banking
necessary, and replied that a premature
inquiry of that sort would fall Of IT'S
own weight. and furthermore would Sc
riously embarrass the authorities in the
criminal prosecution.