New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-11-02
INDICTED ON. THE EVE
lanes T. Wood, Former Head Of
Robin Bank, Must Answer.
FALSE REPORT CHARGED
prosident of Bankers Realty Co.
Accuse Of Juggling Entry
of S208,000.

,.,es r Wood. formerly president Of
80. BANKERS Realty and Security Com
Inv and an official in several banks
.hicb came 10 grief with the downfall or
Ta,orb G Robin, was indicted yesterday
:. tho eve Of the expiration Of the time
onotted bv the statute Of limitations for
king and swearing 10 a false report
- the state Banking Department The
'.;r,e charged IS a misdemeanor, and is
49, same upon which Joseph 3. Rich
ann president of the Carnegie Trust
ror,narv. was convicted before Justice
nsvjs in June 1911. 1t is thought that
wood will give himself up on Monday.
The item of falsity alleged in the in
ai,tment is the sum of $20S,0OO, which II Is
aueped Wood entered as cash in his re-
rort on the condition Of the Northern
Rank when in reality that sum was rep
resented only by checks Of the Bankers
poaIty and Security Company "h!Cn
constituted an overdraft, the Bankers
pealty and Security Company having no
funds in the bank. The report was iiiaue
or october q, 1910, and was sworn TO
hotore a notary on November ?, 1910 Ihe
aSorge would have been outlawed at mid
-iabt last night. The indictment was
handed up TO Judge Swami IN GeneraI
sessions. just eleven hours before the d.
Iot,ed time expired.
IN most of the other involved financial
.asas which grew out OF the Carnegie
T-rst Company investigation superseding
,,dictments were fled against the DEFEND
80 some time after the filing Of the
sret one This was done in the case
ogainst Charles II. Hyde, that of Joseph
Rejchmann and that Of William j.
C,,rornins The other fnancier whose con-
,ictior followed the disclosures was Will
lam r. Montgomery, president OF the
hamilton Bank The indictment against
Woods. however, will have to stand OF
fsU on its merits. After midnight last
night it was impossible to find another
Indictment against him.
Ioseph G. Robin, chairman OF the exec
utive committee and chief owner OF the
Northern Bank of New York and presl-
dent Of the Washington Savings Bank,
who has pleaded guilty 10 the inert OF
5000 from the latter institution, Is De-
,isved 10 have aided the District Attorney
greatly in the collection Of the facts which
led 10 the indictment Of Wood. II Is sara
that at the time of the failure OF the
Northern Bank Robin was accused OF nav
ing appropriated the $2S,OOO which was
rsnresented by checks Of the Rankers
Realty and Security Company.
Tho witnesses before the grand jury
Yesterday. Joseph G. Robin, Freder-
;ck K. Morris, secretary Of the Bankers
Realty and Security Company; William
Youngs. a director of the Northern
Rank. and Joseph l.. Reiling, another di-
rector, are said to have told different
story concerning the missing S2OS,00 Ihey
are said TO have told the grand jury not
only that the S20S,O0O was used by the
p-esdent Of the Bankers Realty and Sc
euritv Company TO buy stock OF the
Northern Bank. but that when the over
draft amounted to less than $4,000 II was
brought up at directors meeting Wheh
Joseph G. Robin was present. Robin 1t
was said. protested at the overdraft ara
said that the amount should at once be
made good by the directors and take over
in It's place the stock Of the Northern
Bank. This was not done and the over
draft grew 10 $20S,OJo
Robin Instituted proceedings in bank
ruptcy against Wood some time ago. 1t
was alleged that after the trustee in BANK
ruptcy for the Northern Bank had Cd
tanned a judgment for $4,000 against
Wood. although Wood claimed that the
$4,000 note was Robins and not his
Wood transferred property valued at
SlcNoOO 10 members Of his family Claims
we're put in as follows: Merchants EX-
change National Bank, $4,000; Empire
Trust Company, $1,000; the trustee in
bankruptcy for the Bankers Realty and
Security Company, $4,000. Wood did not
appear and was declared bankrupt. mo-
ton 70 reopen the bankruptcy proceed
ings is now pending.
Besides being president Of the Bankers
Realty and Security Company Wood was
vice-president Of the Washington Savings
Bank and ylce-chairman of the executive
committee Of the Northern Bank.