New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-06-29
FINDS RE|CHMANN GUILTY
One Ballot Suffices Jury. Which
Fails to Recommend Mercy.
HIS BAIL is CONTINUED
Former President of Carnegie
Trust Company Hears Verdict
Calmly-Wife in Tears.

The Jury IN the case of Joseph y. helcn-
mann. former president ~ the carnegie
Trust Company. retired Yesterday at i2:"o
o'clock r. m, and an hour and seven min
,,,s later re-entered the courtroom with a
verdict Of guilty. Mr.. Reichmann. with A
,,,Ie splash Of red on each cheek. watched
The Jurors file slowly into the jury box. "
hts heart sank at the sight Of their white.
cot faces. he concealed the bitterness OF
his DISAPPOINTMENT.
he had come 10 court AZ 1927 IN hign
sp,ri,s IN hear Justice Davis's charge. con
Ndent Of acouttsl. But the justice. re-
ferring 70 the Northern Bank loan or
$4,000 and its concealment as particips-
rio, in the trus: company's report to the
State Banking Department. had searched
each Juror with his eyes, saying SLOWLY:
IL YOU find the defendant knowingly CON
Cured IN making this report. YOU are lnst-
fed I'm finding him guilty
The iurymen took their seats. and clark
Rropbv called for the foreman. !. 1. Be
yennv NJ. Kevennv stood up. ana they
faced each other. while the pulses of all IN
the courtroom beat time. and every ear was
intent 10 catch their words above the rum
bic 81 traffic. The clerk Of the court asked :
Have YOU agreed upon verdict.
We have" replied the foreman. His
voice was inaudible. but every one read
his lips.
How find you?" came in ? faint quaver
above the noises Of the street.
Guilty" moved the lips
man a, his side patted Reichmann on
tho shoulder The banker didn't turn ne
DIDN'T say anything 70 ANYBODY just them
some minutes later his smiling comment
was:
"Yon never can tell what twelve men
will do i'm a technical case like this.
Mrs Reichmann. oppressed by the close
air. had left the courtroom while the jurors
were out. Some one told her they had re
turned. and she FASTENED back. But IN the
corridor she met the red-haired ONCE BOY
of her husbands attorney. For once his
face was grave: it checked her.
BAD news" lie faltered.
And she burst out crying
The Jury agreed on the first formal oallot
that the defendant was guilty. Inc re-
mainder OF their hour Of deliheratlon they
consumed with the discussion OF recon-
roendation of mercy. But they made no
such recommendation.
Mr.. Reichmann is the first banker to ne
convicted under Section COS of the PenaI
code and laws of this state. which makes
II a rnisdemeanOr for the ofhcer ot a cor
poration knowingly to concur in the max
ing of a false report of the corporation
condition. The offence is punishable ny
,mprisonment Of not more than year,
fine of $500 or both.
rue+ice Davis will not sentence the bank
rres,dent until tomorrow morning. In the
nnesn time stephen {. Baldwin. Relcn-
manns counsel. will prepare papers In an
annlication for a certificate of reasonable
donht The court continued the $1,000 bail
accented when Reichmann was indicted
last April. on Mr.. Baldwin's assurance tha'
he would have his client in court at the
appointed hour.
Tohn p Stanchfeld. who had summed M
for the defendant left the courtroom after
the Justices charge. but before he went he
asted the court to instruct the jury that
his client must he shown TO have read the
false report before he could he louh'
cr,l,v This Justice Davis declined to do
Mr.. stanchheld sailed for England on me
o,vrpic at o'clock in the afternoon.
The first man TO whom Reichmann SPOKE
after the finding Of the verdict was Cap
tain lynch. of the Criminal Courts squad
who stood at his side. taking his pedigree
.rd leaning far over to get his answers
peichmann was born in the United states
ss we're his father and mother. tie salC
he was manufacturer. that he was thirty
six wears old. lived at No 800 west 1911
et,cet and could read and write. lie "a
never been convicted of crime before
ills father is living.
District Attorney Whitman said ina
William J. Cummins would he the mex
man Of the trio indicted a. result Of TN
carnegie Trust scandal 10 come up 10
tr,sI. and this would bo i'm October But NJ
20; a message YESTERDAY from James W
osborne. counsel for Charles " hyde say
ing Mr. osborne intended moving that hi
,lio~, 10 tried in the Court Of General Ses
eions. so he might not have to wait for th'
outcome Of the Cummins case.