New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-03-10
Tn. Attorney General Talks.
Ia ~ Attorney Genoral aid

La W At.' @Nf'''''rs N'.''rN~'
The Governor has just telephoned me
that he has asked Mr.. Whitman 10 confer
with IN" on the Carnegie Trust matter.
ii must be remembered that the Attor-
nov General IS given by statute super
vision Of all receivers Of insolVent cor
poraticns for the purpose Of protecting
creditors. trust funds. etc. ana for the
purposa Of bringing a bout speedy set
Element of such rcCoivcrFhipS. II would
be follv to suggest that | intend L. sup
plant Mr.. Whitman in regard 10 his
criminal negotiations. Tho state has a
deposit of something over S2oo0D M the
Carnegie Trust COMPANY. and thus has
q peculiarly direct interest. OF this de-
l,osit We have already recovered some
thing liz, $1,000 from bonding COM
yanies
So far from imocdinc Mr.. Whitman in
any way. MY desire is tC assist him ~.
mcovcring anything he may discover.
and to keep in touch With matters az
fccting The states direct interest in this
CompanY's affairs.
Attorney General Carmody this after
noon issued the following statement:
District Attorney Whitman Of New
York and myself held conference this
morning. There was no conflict of views,
n .
respect 10 the Carnegie Trust Company.
/ am officially interested in having the
financial affairs of tho trust company
speedily adjusted and Of having the in
tcrests Of depositors. especially Of trust
funds and state funds. safeguarded.
Tho state had on deposit with the COM
panv about $1,000 at the time of its
failure. This Office collected almost i'm
mediately after the failure by prompt
action nearly $1,000 Of this amount.
The balance we have heen seeking To re-
cover. We arc. therefore. interested IN
the conservation of tho assets.
The District Attorney has absolute con
troll over tho enforcement Of the criminal
law in its application 10 this company.
a. well as other persons or corporations
under his jurisdiction There was not Il
suggestion in our conference or before
or since from any source. 20 my knowl-
edge. that | III any way interfere with
Ot attempt TO curtail his powers or TO
control his action or 70 suggest any line
of action different from which might ap-
peal 10 him 10 he proper.
There were other matters about which
We conferred pertaining to the duties Of
my Office and his own. which have been
q subject Of correspondence, but which
do not at this time concern the public.
After Mr.. Whitman had conferred with
Governor Dix and Attorney General Car
mody ne stated hat he mad been assured
by both that there was not the slightest
disposition on the part OF either TO in
tcrferc in any way with his investisa
ton.
"In fat, the Governor went So far as
10 sa, 10 me" said Mr.. Whitman. that
he would see that the Attorney General
did not hamper me- in any way. haye
the assurance Of tho Governor that ! am
al perfect liberty 10 continue my work
as [ have intended without so much as
consulting with the Attorney General
oXcopt on matters that may arise in
which the state is directly interested. !
intend n go on with my investigation
and expect very important Developments
within a very short time. So far as the
Albany trust Company is concerned II
is only fair to say that in my invesu-
cations | have only found the usual re-
la,ious between this company and the
Carnegie Trust Company that exist be
tween banking institutions"
Concerning the report that Governor
Dix controlled the Albany Trust Conc
pany. which was said TO be heavy cred
iior ot the carnegie Trust Company,
Vice President Van Tuyl Of the Albany
Trust Company said to-day:
Governor Dix never owned NOR" thar
thirtv-three shares Of the four thousand
shares If the Albany Trust Company.
Instead Of our company being creditor
IF the Carnegie Trust COMPANY for
$50. 200. as reported IT the time # the
closing Of tho company. 81" were debtors
10 the extent Of st1o0o. which has since
beer, paid. and all possible interest be
tween tho two institutions has ceased.
The Governor also declared without
foundation the reports that the Alhan!
Trust COMPANY. In which he is interest
ID. is creditor Of the Carnegie Trust
Germany TO the extent Of $4,000. He
SAID he owned thirty-fvc shares Of the
Albany Trust Compauy-tVo more than
he had been credited with owning by