New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-05-19
Nomnates CohaIan for Justice
After Van TuyI and Holden
Are Confirmed.
DEMANDS BANKING INQUIRY
In Letter to New Superintendent
the Governor Asks That
Department Be Investi-
gated at Once.


lannany Hall in the Legislature are
! pcastlng tonight that they have taken
Governor Dix's measure and that hence
iorth he will cat out Of their hands.
Ihey got the first thing Boss" Mur-
phy wanted to-day when the Governor
appointed Daniel F. Cohalan to the nI.c.
on the Supreme Court bench left vacant
oy the election Of James A. O'Gorrnan to
the Senatorship. They EXPECT to ger
many others before the wear is endad
/ oy tne same method that of clubbing
'le Governor into submission wheneve-
/ ne shows signs Of doing sometime df,-
p'easins 10 Murphy and the "organiza-
I ton"
! Inc appointment OF Cohalan came ,nlv
aiter the Tammany Finance Committee
IA" reported favorably the nominations
OF George c. Van TuyI. jr.. as S,Iperf,-
/ tendent Of Banks and James FJolde,
dS state Historian. and the senate irnma-
uiateiy mad confirmed them. These off,
Gals are Dixs friends. To 20, tho
nominations ratified, the Governor was
oDlsed by his good friends in Tammany
10 nominate Mr.. Cohalan.
TO get some other nominations co,.
nrmed which he will have to make very
soor' ne VIII be obliged 10 make similar
concessions to Tammany The Tammanv
men say 1t frankly tonight Indeed
tney boast of il. The Governor did not
SEND 10 the Senate his nomination Of a
superintendent Of Prisons to-day thouob
several days ago he told people here ha
had picked Colonel Joseph Scott FOR ~,
Joo. II Is matter II common gossi,
'o-hisht that Tammany expects 10 exact
laVors for confirmation of the Cover
nors nomination 10 this place and n
the place which Thomas Mott Osborne
Forest Fish and Game Commissioners. is
TO vacate this week
Oix's Letter 70 Van TuyI.
In n letter Tonight to Mr.. Van Tu,1
the new State Superintendent Of Ranks
Governor Dix calls for an immediate in
Vestigation Of the state Banking De-
rartment. The letter saws:
In transmitting your comnissio, a. s,.
pTr p illSenaent l OF banks, ! desire 70 say. vita
al possible emphasis. that | shall expect
You 10 administer the affairs Of the De.
partment OF Banks with drastic thorough
80 ana imparuaHty. ana with sole re-
saru 10 the rights of depositors i'm TN,
banks and savings institutions OF the sts.e
NO department or the state government
is charged with powers ana functions NOR,
vi'al 70 the public at large than those o.
the Banking Department. Upon the IN
tc2rity and absolute honesty Of the man .
asement OF our financial institutions largely
depend business stability and prosperity
ana the safeguarding OF the savings OF tn,
thrifty and Industrious IL cannot be ie.
hored that more or less Justnable unrest
EXISTS IN the community as a result OK
bank failures and other Developments dur
iig the Ia 81 few years
You 20 into office unfettered and with
out the obligation OF a single pledge Z
shall expect you 10 make thorough inves;i-
cation into existing conditions. and 20 placa
where II properly belongs responsibility or
any wrong that may have been done. or
for any failure 70 protect and safeguard
the rights and interests OF depositors N
banks. trust companies and savings nstitu-
tons
The public is entitled 70 know all tho
facts relating 10 any institution that has
solicited and received the funds and saw
inGs OF the people and then closed its doors
The banking law Of this state must De ad-
mlnistered without fear or favor. I shall
expect YOU 70 at once begin Investigate tie rs
that shall be thorough and complete, and
tO report 20 me the results Of your abors.
with such findings and recommendations As
shall seem proper.
| have asked you 70 accept the Office %
Superintendent OF Banks bscause NJ my
appreciation Of existing conditions and the
urgent needs Of the situation. and my pe-.
sonal knowledge that you are possessed %
the requisite integrity. ability. experience
and determination 70 correct evils thar
NAV have existed or do now exist. and 20
restore and establish complete confidence
in the honesty and efficiency of the man
agement Of the banks and financial ins'Itn-
tain that YOU will not disappClnt either
myself or the people.
Mr.. Van Tuyl said after his cOnhrma-
ton that it would take him few days
10 wind up his affairs as president Of the
Albany Trust Company. and that he
probably would not qualify before next
Tuesday He announced the appoint
ment of William f. McHarg. OF Albany.
as secretary at a salary Of $500
wear. Mr. McHarg has been financial
editor Of The Albany Argus" for many
years.
Tammany Expects to Come ou. Ahead.
Judging from what took place here to-
dav. with any legislation which is TO he
PASSED it is to he very frankly and
crudely a case Of you scratch my back
and III scratch yours" Tammany, IL
might be remarked expects 20 come out
ahead in this protracted dickering Its
work in the Legislature to-day showed
that word was passed around so that the
so-cslled Dix highway commission reor-
ganization bill was In be abandoned.
That as 4, stands al present. would give
too much power to the Governor and ap-
! pointees Of his.