New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-10-21
WANTS TRUST COMPANY
CHARTER ANNULLEO
Marcus Braun Says TranSat-
IantiC DiSCOurageS Aliens
from Citizenship.
HEARING HERE TOMORROW
Hungarian Government Backs
Concern, 1t Is Said-Lead-
ing Bankers on the
Directorate.

Directorate.
\ hearing will be held tomorrow morn
ing before Joseph a. Kellog, Deputy state
Attorney General. in mis- offices, at NO
og9 Broadway on the petition of Marcus
Braun. 10 aunul the charter and dissolve
the Transatlantic Trust Company, a bank
doing business at William and Cedar
streets. and with a branch at Second
avenue and 18th street.
Braun was a special inspector OF immi-
grafton under President Roosevelt and re-
manned for a period under President Ia1l'
He was appointed a port warden by Gov
ernor Hughes, and now is engaged IN the
publishing business at No. sol Fifth ave-
nue.. He is the publisher of the maya
zine Fair Play"
The Transatlantic Trust Company filed
q certificate Of Incorporation in March
last, and on May got permission from
George A. Van Tuyl, State Superintendent
Of Banks, to do business.
julius Printer IS president OF the
Transatlantic Trust Company, and the d.
rectors, in addition to the president are
n. Rieman Duval, chairman, president OF
the American Beet Sugar Company ;
James G.. Cannon, president Of the Fourth
National Bank; John w. Platten, presi-
dent Of the United States Mortgage ana
Trust Company, Stuyvesant Fish, capt.
talist; Calvert Brewer, vice-president OF
the United States Mortgage and Trust
COMPANY: Walther Luttgen, of August
Belmont & Co, bankers; Henry w.
Wherhane. of Hallgarten & Co., bankefs'
Clark Williams, former State Superln-
teudent of Banks and former State Con-
troller: DR.. Arpad G. Gerster, capitalist
Gustave Leve, merchant; Morris Cukor'
lawyer: Arnold Somlyo, of the BALDWIN
Piano Works; Walter G. Oakman, capt.
taIist; Alexander Won Nuber' consul gen
eral for Austria Hungary, and Hans
Winterfelt, of Speyer e. co.
Counsel for the bank is Benjamin ,.
Harmon, of Krauthof, Harmon & Math-
ewson, of No S. Wall street and for
Braun are Emanuel Hertz, of No. 1l5
Broadway, and Elias B. Goodman OF NO.
29 Broadway.
Braun, in his petition, addressed to
Thomas F. Carmody, Attorney General
saws he files his petition for the purpose
of calling your attention to conspiracy
TO undermine on the part Of the function
aries of the Hungarian government some
of the most cherished institutional func-
tions of America"
Briefly, in his petition, Braun alleges
the Transatlantic Trust Company IS
backed by the Hungarian government
that Hungarian immigrants are appealed
a 1gnOGifnrN AND
for forwarding money to the home land
that the bank seeks TO discourage Hun
garians coming here from becoming ciu-
Zens and remaining; that the bank seeks
TO foster societies and distribute literature
with a view Of keeping love OF the
home land alive in the immigrant; that
an arrangement can be made whereby
the Hungarian who comes here 10 get
work can buy land in his own country
and ultimately return, and that, among
other things, there is an advisory d.
rectorate for the bank abroad, and Braun
believes a majority OF the directors here
do not know all the purposes Of the In
sutution.
Consul General Won Nuber was invited
10 apcaar tomorrow and testify, but he
declined, claiming privilege, and said he
would answer all questions in writing
from his office Other witnesses invited
10 the hearing tomorrow are Messrs.
Cannon. Duval, Platten, Williams and
Printer.
Braun filed his petition in Albany on
July l, ana next day he sailed for Eu-
rope, and returning several weeks ago
brought back with him mass Of evidence
10 be presented in the case. In pre-
Uminary hearing had for the purpose Of
permitting Braun to put in his case as
outlined in the petition Judge Kellogg
presided. No other witnesses were heard
Braun says that in the last twenty-five
years the HungariaEs here have sent
home $3.50, 10000. and the amount now
annually sent home by Hungarians ap-
proximates $lOO,OOO0OO.
of the total Hungarian element IN
America, Braun says, bat IA per cent, or
5000, are voters.
Mr.. Braun has filed with his petition
translation of a statement made by Adolf
Won UIlman, president Of the Budapest
Hungarian General Credit Bank, who
also is a member Of the House Of Mag
mates Of the Hungarian Parliament The
Credit Bank is the fiscal agent Of the
Hungarian government and the clearing
house for the New York institution, Braun
SAYS. The statement Of Won Ullman,
published abroad, sets forth the objects
Of the American bank, Braun says, in the
manner he complains Of in his petition.