New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-06-24
Never Within Its Doors.


-. doo-s ~ the company and. as a mat
90 Of fact never knew that there was
slso = carnegie safe Deposit Company
oo,,ected with the trust company. He
ssid his only connection was making loans
70 the company. the last OF winch S-'''-
a. worth Of United States Steel bonds IN
January. 1910. has not been returned Al
though insisting that he never had any
rs~t IN the management OF the COMPANY
Mr. Carnegie did say that he used MS
Efforts al the request Of Mr.. Cummins 70
@rd president for the concern, his aid re-
sgltins IN the placing Of Joseph T. hoWeI
- the head Of the institution.
W said Mr. Carnegie. he never sug-
rosted 10 Charles NJ Schwab 70 become a
director in the trust COMPANY Il never 50
ir1posed" said the witness Il never
though, that he was such 2 fool 10 he IN
there" Nor did he suggest Mr.. Schwan
getting QUIT was no concern o. his. Ny
s, hwab was one Of the emissaries who
came 10 see him about one Of the loans to
the company.
EXCEPT for these loans and the interest
he took in finding a president for the irus
company bearing his name. Mr.. Carnegie
had no interest I'm II. he never had any
,t.reerent 10 be closely connected with II
never owned any stock in the COMPANY. and
as ne said 81 never intended to- IT was
not true that he had made the company
executor Of his Will ne deposed
Going back % The time Of the formation
of the company NJ. Carnegie said he did not
offer the company tho use of his name In
August. 1905. a committee approached him
IL 4.
son. chairman Of the committee and later
president Of the company. said in letter
Re wrote O. Mr. Carnegie that in Pennsyi-
,ania there was a railroad. a station a
rational bank and a trust company named
Carnegie. BUT the suggestion that New
York trust company he named IN his honor
DID not sufficiently appeal to the pride OF
M Carnegie % give II his sanction.
Tried TO Prevent Use Of Name.
Re had his secretary. James Bertram
write letter saying he was much hon
ored bv the suggestion. but he did not
favor the taking NJ the names Of per-
sons who were still living. He said he
thought II better 90 wait until the person
Il be IGNORED had passed away before erect
ing monument in his honor But Fir Car
roele promised that ne would raise no OBJ
lection 60 the adoption of his name How
Ger. he sent lawyer % Albany 20 see If
the use Of his name could not be prevented
Again I'm August 1915. Mr.. Carnegie wrote
from Sk.ho Castle that he shall not and.
indeed. can not make any objection % the
Use ~ his name. stipulaung that II De
clearly stated that he had no connection
with the institution or interest in H. 81
tried iu vain 10 stop them" said Nj Car
reeIo on his examination Then. on hie
return u this country ne had il announced
f. the newspapers that be had no conncc-
iion witt the company Mr. Carnegie am
pIifed on bis examination his lack of in-
terest in the COMPANY saying he never
had any connection with the trust com
pany except lending It. 40 the request Of
certain stockholders and directors in it
lending them a million of bonds that they
begged me 20 lend them"
i'm answer 10 the question how the loan
was made. M Carnegie said. Il did not