The sun. [volume] (New York [N.Y.]) 1833-1916, 1911-03-16
GRAND JURY SUMMONS ROBIN
u,\TS TO BEGIN ON. CITY DE.
pOSITS AND CARNEGIE LOANS.
k,ruch a lead Itself IN the Van NortIcn
tha'n Carnegie 10 Testify -- The
robin scapcGoat Theory .G'un,n,,ns
samc TO Hyde We'll Recommended.

tha'n -- Carnegie 10 Testify --. THE
Robin scspcGoat Theory Cun,nlns
,amc 10 Hyde We'll Recommended.
The Grand Jury that has takcn up the
iob Of trying to find out who. in or out Of
the carnegie Trust Company. was guilty
e crime in connection with that concerns
complex activities will begin to-day to
look into the Significance OF city deposits
in hanks that afterward Obliged the
,a-npgie Trust Company with handsome
hans. For the purpose largely OF for
warding this phase Of the inquiry Joseph
T. Robin. who has already talked to the
district Attorney about the relation OF
cltv cash to the Carnegie company's
health. will be called "a n witness this
afternoon.
l. was not the purpose Of the District
Attorney originally to bring before the
Grand Jury evidence concerning the
Carnegie Trust Companys apparent
ability TO borrow literally from many
hanks Immediately after these banks
had obtained city deposits. Mr.. Whitman
was rather insistent that the jurymen
should confine themselves at the outset
ot long and greatly involved investiga-
ton to one, perhaps two. specific transac-
,ions connected with the internal affairs
Of the Carnegie company-transactio
smelling of larceny and forgery. But the
jurymen. having listened to the testimony
Of Bradley Martin. Jr.. president Of the
Nineteenth Ward Bank: r. l.. Smith. vice.
president Of the Carnegie Trust Company;
Gustav Baunann. director OF the old
Van Norden Trust Company. and other
baAk officials, considered it essential to
take up at once the coincidence Of city
cash and Carnegie borrowings.
There Is an intimation that the Grand
Jury has secured already enough evil
dence on which to indict one. probably
two. Of the officials OF the Carnegie Trust
Company. and feeling that there Ia no
great necessity for haste in handing
these indictments wants to open mp
some of the outside affairs of that con
cern. Therefore Robin when called
this afternoon will not he asked to re-
peat his stories to the District Attorney
about note transactions. but will be
examined as to his knowledge Of the rea-
sons the Carnegie was seldom At a loss
to get cash from banks that had got ca sh
from the city.
Information has been put in the hands
Of the Grand Jury to the effect that in the
summer OF 1910 bond for Si5O. 900 put up
by the Nineteenth Ward Bank 70 guar
antee city deposits was surrendered to
the bank. although the bank retained
the deposits. The Grand Jury has heard
that the $3.50 900 bond was supposed /,
cover 500. 900 worth Of city ca sh, and that
the amount was not decrca ,ed after the
bond was surrendered
, No bond is required by the statute. but
one may be exacted by the Municipal
banking Commission, At tho Chamber
lains Office it was said yesterday that the
bonds given by fourteen solvent institu-
lions had been cancelled in 1910 because
the surety companies were charging
one-half Of I per cent for tn. bond, and
many banks had not been required to Civ,
any bonds at all.
The attitude OF the District At.orne,
holding Robin as a trump card in playing
for outsiders as well "a officials of the
Carnegie Trust Company. Robin. Robin,
sister. DR.. Louise Robin ovitca. an1
Robins present counsel. Samuel j. Gold
smith think that II the District Attorney
j. c.rrect in assuming that Robins testi
nony Is essential toward the punishment
Of larger figures Robin will get of with
suspended sentence or. at the most
With greatly reduced term in prison.
Possibly for use in the inquiry the
Justice Scabury will make a to Robin ;,
,auity Lawyer Goldsmith produced yes
,erdlay an affidavit made by William |.
Brewer. who was a vice-president OF tht
Northern Bank. Goldsmith tells peopl,
that Robin is a sane man. of whom Ger
tain people" are try ing to make scape
goat The Brewer affidavit is submitted
10 III in Mr. Brower's affidavit relates
H. tn" reriod when tho Northern Bana
cpnnbied and carried the Washingt u
Savings Bank with it,
Brewer says that on December % o
.. 1910 he was at his home in East Orange
y } i'll when Frederick X. Morris of tn
Northern Bank. Robins confidential man
Spl MN OH tue pilOiic' bTOWtT bWtdi
that he knows Morriss voice on tn
puone or of. Here was the conversation
that ensued
Hello. Brower." said Morris. how ar
YOU, old man? How's your cold?"
I'm feeling much better and am gettin
along all right" replied Brewer. What
new"
Well there is something special
called YOU up for. Things are in prett
had shape. but we have prepared for tn
storm
What" Brewer declares he repliec
"lh" Washington Savings Bank? Doe
Mr Robin know about it?"
You know the condition Robin il in,
returned Morris. "He knows it in
manner. Robin was then sick and unde
opIates good deal of the tine.l II doe
uoJ make much difference. because hi
condition is such that everything that
wrong at the savings bank and the NORTH
ern Bank and the other places is to be u
'o Eohin and it is his wish that ! tell yo,
7 Ng' will probably let everybody out. q
f." "rannot live. and there is no use OF every
hpdy suffering. and he will never kno
On" difference. a. he cannot recover.
"u posting everybody to that effect.