The evening world., 1911-01-03

show the liability of all officers Of
banks.
The brennan OF the regular January
Grand Jury is Ogden u. Budd. n broker
at No. 6 Broad street. The foreman of
the extra Grand Jury is Ernest r.. NAL.
colin. general agent. at No. 1923 Broad
way.
Mr.. whitman proposes 10 put his
banking evidence before tho Grand
jury which. In his opinion, In best
ntted to handle such Intricate evidence.
Tho Indictments standing against
Bankers Montgomery and the two
two Thomases are for alleged crimes
committed in the very same banking
institution which Robin was afterward
charged with looting. This Is the most
surprising feature OF the whole chain
OF alleged wrong doing which began
In the old Hamilton Bank In 1907, and
was continued by Robin when It was
merged with two other banks and
called the Northern Bank.
Robin Unfit for Trial.
Or. Gregory. In charge of Robin at
Bellevue Hospital. called up MI. Whit
man this morning n said that the
bank wrecker was In no condition to
DO a%rraigned in court to-day. lie said
Robin would be physically well enough
to face the court ordeal tomorrow.
The Distrlct-Attorney said he would
insist on Robins arraignment no later
than tomorrow.
william l.. Brewer. vice-president Of
the Northern Bank. was being ex-
amined by Mr.. Whitman this morning.
Here In the section from the general
statutes which IN believed TO cover the
action OF the officers OF the Northern
Bank in receiving deposits after they
must have known the soivency Of that
bank was in question:
Here's the Criminal Law.
Penal Law 2o5. Receiving deposits
In ~insolvent bank.-An officer, agent.
teller or clerk OF any bank. banking
association or savings bank. and
every Individual banker or agent.
+, and every private banker or agent
and any teller or clerk OF an indi-
vidual banker. or Of a private bank
ct who receives any deposit, knowing
that such bank or association or
banker 10 insolvent. IL guilty OF a
misdemeanor II the amount or value
OF such deposit be loss than cas-; n
THE AMOUNT On VALUE OF
SUCH DEPOSIT De Gas On OVER,
SUCH YE1S0M STALL BE 0UIL-
tn OF 4 YDx0NY, punishable by
Imprisonment for not less than one
nor more than five years, or BY .
fine Of not less than $500 nor more
than $4,000, or both.
The following from the Banking laws
describes the pledge taken by q director
to do his duty:
70. Oath OF Directors. Each dirsc-
tor. when appointed or elected. shan
take an oath that he will. 80 far
as the duty devolves on him. Dill
GENTLY AND HONESTLY AD-
MINISTER THE AFFAIRS OF
SUCH CORPORATION, AND WILL
NOT KNOWINGLY VIOLATE. OR
WILLINGLY PERMIT TO BE Ylo-
LATED, ANY OF THE PROVI-
sIoNs OF LAW APPLICABLE TO
SUCH CORPORATION. and that no
is the owner In good faith and In
! his own right OF the number OF
fhoats sde'th W t"h' u 49,
scribed by him or standing In his
! name IN the books OF the corpora
J ton. and that the same Ii not
! hypothecated. or In any way pledged
, as security for any loan or debt.
; and in case OF reelection or recap
pointment. that such stock was not
hypotheeated. or In any way pledged
as security for any loan or debt
= during his previous term.
e Punishment Provided by Code.
r That there Is punishment for a al
$ rector who "wilfully omits 10 perforr
any duty imposed upon him" by IN
law Is shown by the following excerpt
A from the penal code:
y 29I.-Misconduct by directors Of
y moneysd corporations, Every direo-
tor OF a moneyed corporation who:
n lin case OF the fraudulent In
n ~solvency OF such corporation. shall
e have participated In such fraud; or
I a-wtifuiiy does n cot ~ such
G director which IL expressly forbid
It den by law. or wtlfully omits to
n perform n duty imposed upon
a him A. such director BY law, is
guilty OF a misdemeanor. IL no
other punishment Is prescribed
J., therefor by law.
d 200.--Misconduct OF o~ffoers, d.
Il r~ectors. trustees or employees of
n banking corporations.
4 A director OF a corporation. or
n ganixed under the laws OF this
stats. having banking powers. tsho
. In r-5 vote or got OF the