New-York tribune., 1911-03-16

Here was man un0er oFldt's an" III
A desperate condition. VINO Yet IN the
Kindness Of his heart said put 1t up to
me-"
Writes in EuIsome Terms.
The connection between Jordan ]. Rcl-
lins. counsel for the state Banking ~
partment: William J. Cummins and city
Chamberlain Hyde was estahlisn@d
yesterday. when a letter was. made
public that was written on March ~
1910. by Mr.. Rollins introducing Cum
Minis TO Mr. HYDE In fulsome terms.
When the letter was shown to Mr..
Rollins he admitted writing at about
that time a letter recommending Cum
Minis TO the City Chamberlain. and said
that he was then counsel TO Cummins ana
advised him in the affairs Of the Car
neeie Trust Company. Mr.. Rollins was
asked II he was counsel for the state
Banking Department at the same time
that he was advising Cummns.
Yes. in the liquidation Of failed in
stitutions." he replied. In other mat
,ers the Attorney General is counsel for
the department"
Four days after the date of the Rol-
Inns letter 10 Mr.. Hyde. on March 20
1910. the Carnegie Trust Company re-
Ceived its first deposit of city money.
This deposit amounted 20 S2500oO. and
at the time the institution failed it had
S6oo, 0oo Of city money in its keeping.
The letter introducing Cummins to Mr.
Hyde follows:
No East ;5th street.
Nly Dear Mr.. HYDE. Mr.. Cummins tells
ne that he may have occasion to aiiorn
YOU some information regarding hlmsen
and his associates in corporate enterprises
here in New York. and has suggested tna'
I state in the form Of A letter something
Of what know regarding them. l. gives
me the greatest pleasure to COMP! WIN
l firsi met Mr.. Cummins about wear
ago. being introduced TO him a. the nome
of the Hon. Clark Williams, where he Is a
until the present | have been very activelN
Interested in watching the progress he ha'
made in extending and strengthening az
position here in the city and the aNalrS
Of those corporations with which he has
Identified nlnself ! cannot speak too llSil
lc o. the results he has accomplished lie
has shown himself 10 he a man Of great
force. full OF earnest desire to accomplish
worthy things. unceasine in his applca
tior % business. untirirc in his energy, ana
above al 2 most loyal and faithful friend;
know from many sources and careful
inquiry that in the city OF Nashville ana
throughout the state Of Tennessee he Is
held in the highest regard and friendliest
esteem by many. II not all. OF the most
influential business and financial leaders of
that section Of the country.
] am plea ed 10 note that he Is fast max
lne ike associations mere. know maj
through his instrumentality Mr.. Carnegie
and his business representative, Mr.. Franks
are manfestins an interest in the Carnegie
Trust Company, which they did not fee
prior TO the election TO its presidency of
Mr. Cummins's devoted friend and asso-
president Of the National Starch Company
and the trusted representative Of Mr.. Bed
ford, of the Standard Oil Company. in the
Corn Products Company
Through Mr.. Cummins influence. too
there have become identified with the Car
negie Trust Company such men as Mr. Mar
tin j Condon. president of the American
Snuff Company and active leader in the
affairs OF the American Tobacco Company
Mr. Bradley Martin. ir the son-in-laW OF
Mr. Henry Phipps MI George ID. crabhS
Of Cincinnati. president Of the Philip Carey
Manufacturing Company and member oi
the executive committee of the German Ma
,ions Bank. and Mr. Samuel II. kress, OF
No $50 Broadway, who owns over one hun
dred stores scattered throughout the United
States.
need not 80 further to convince you that
ne il an exceptional man and destined if
his life be spared TO add very greatly tc
his accomplishment Of substantial things
and TO make OF tie financial institutions
which he has undertaken 10 build up tho
strong and conservative power which he
predicts for them. ] believe him and MS
associates TO he deserving Of Your conf
dence With very kind regards. am,
Sincerely Nours
JORDAN J. ROLLINS.
The Hon. Charles II. Hyde No 2so Broad
way.
\ copy Of the letter was shown tC
Jordan J. Rollins. and after a couple OF
hours thought he gave out the follow
ing statement:
In the early part Of l9lo soon after Nj.
Cummns had paid INTO tho Carnegie Trust
Company over s2.Gn00 0N0 in cash in place of
assets which ! had criticised in counsellinG
him how best TO carry out his declared
purpose Of putting the Carnegie Trus;
COMPANY AT the earliest moment in a
liquid condition, Mr.. Cummins called al my
apartment one Sunday and stated that he
was lunching with MT Hyde at the lat
ter's home on Long Island and was 10
spend the DAY there.
He said that Mr hyde wanted 20 learn
from me what ! knew Of Mr.. Cumnlins. IN
which replied, Il DO not know Mr. Hyde, 20
whcreupon Mr.. Cummins said. You must
he mistaken because he tells me that he
knows you.' ! thereupon wrote letter 10
Nir HYDE and gave II 10 Mr.. cumminS.
I have not before inc a copy of that let
tor. but my recollection is that 1t differed
materially from the one printed in the
rarers this afternoon. which bears date
March lo 1910 not A SUNDAY. If this letter
served as an Introduction. did not know
However At tho time ! met Mr.. cum
minis. and subsequently, he showed me
Ia h.s Cover nor OF Tennessee.
both of its United States Senator. its
Attorney General. lis State Treasurer.
the officers of its largest banks and other
prominent business men OF N1shvi'le.
unqualified terms. 30 he one Of the leading
men in the South. man Of integrity.
wealth. fo-cp. ability and character. ] had
faith i'm those letters and the tact that
he was the president of the leading club
in Nashville.
When he called upon ne ! knew Of no
reason why ! should not write Tho let
ter hat did.
Nr. HYDE said.
No shall not say anything acout that
letter | do not see that n makes any dtf-
ference how ! met Mr.. tummlns. was
introduced 20 him successful bucince rs
man Of integrity. ! have no: the slghte =
desire 10 avoid responsibility for any of ny
acts They are all matters of record There
has been p great deal of misrepresentation,
hut do not feel like discussing the husi-
ness ot my Office particularly because y
Involves dealings With al the principal
banks of this city. II seems 90 me that II
would he q grose injustice 20 the banks,
their dopositors and Stockhodor-.
~ any ono gets any satisfaction out of
MISREPRESENTATION Of me. ! can stand il.
The truth viii outweigh It all
BILL TO ENLARGE THIS CITY