New-York tribune., 1912-06-10
ASK BANKERS TO STEP Up
Money Trust Investigators Chal'
|enge Critics Of Jones.
SEND LETTER TO VANDERBILT
Willing to Hear Denials That
Clearing House Committee
Forced Oriental to Close.

The Congressman who are investlSd'lhs
the money trust" issued through couhsel
yesterday challenge to the bankers VINO
took exception to testimony that the clear
ing House committee was responsible for
the closing of the Oriental Bank to como
before the committee and testify.
Members of the Clearing House COM
mttee. who were not willing to have Their
names used. hav" stated that all I'm" flctS
had not been brought out in regard t. the
closing "f tho Oriental aud that tn" blame
had been wrongful, saddlcd on the Clear
ing House banks. Richard ". Jones Jt'
former president of the bank In question:
and other directors stated on tho W'thes9
stand frat the unexpected calling of ne
Clearing House certificates held b' tho
bank compelled Tho oriental to lost
AFTER conference With Representative
= T.. I'uio. chairman 81 the 'oncr"ssi''d'
committee Samuel G'ntcrmyor. "t counsel
frr inr Co. ini'iti ',. 80 of a tier :" FRANK y
Naud.rlip. chairman of the Clearing House
Committee. in vhirh II" declared tn IN
ycytigatiug committee would u" glad /"
hear Mr Nauderlip or an, oth" banker
cu the case or tho Oriental when th" com
,n.ttcc resumed il. hearings tomorrow
testimony Under Oath
NJ UuIcrmyer s.nt tic iottor YESTERDAY
from Grcvstopo. his uuu'r hour ~
Youk"ra Tn better foIi"vs
Frank : Nanierlir. ESI.
<n 49, Wan street
New York 'ity.
l1cJr Sir. I cbs.rNo FROM iari '' NHl'it
and This mornings newspapers 'erN ~
aud circuinstautial reports distributed
through Tn. N-eoria''1 Press and "y "tht'
agencies of interview WIN mon Ni,ouS
members II IL. Clearing tlous" ""nfnll ll"'.
in which ihe~r unnamed gentlemen l"h'
issu, with ih. sworn testimony "i M'rSI
Jones. Hewitt and Bo"kmau 3rd WIN '"i
tain yst1f,usnts contained ~ fh' l"''-i :"
Hugh kcllv nov ,l.c"ascd. ~ addI'ed h"-
fore tho Comuiite" ou H9uklnG ana "-
rrucv on FRIDAY last .
I am instructed h' IN. chairman o,
cou,uitte. - write Nou as chairman "t 'N'
committee al the Clearing llous" A-soC,"
tion 80 Say that II thcs" undlsrloeed 9'h'Ic
men who take this irrcsponsibl" melhvu ~
irving their side of tho cas-" ia ~" n'"S
pa9crs as against the sworn 'estln"n3 -
", itna...,. ,.,,r. to dsclo~c their identify iif
commit. VIII ho pleased to boar them ~
us uoyf session. on Tuesday morning h'N''
1T n O'Clock. i'm room No. w "' '"" ''
tom House building.
Th. commi;t,c j.. above all things
anxious IN the performance 81 th" ftI,'
mat. functions of the inquiry 10 elicit th'
timonv of every one who can contribute ~
that result. a, ,,,,,,,s
Tho committee desires. aboyc all thinss'
tia, th. inUulry shall Boz judicial ana I'M
martial in the last degree and fhat ~" III
Justice shall he done. To that cnd ~ y
prepared AT all times 10 aC.ept az - ~
mony that may hc offered from 'Ne'S r.
sponsihlc direction bearing upon my ""'S
SAMUEL TNTERMNER
Df Counsel To- Committee.
James q. cannon president OF the Fourth
National Bank. who has been a member
~ tho Clearing Hous" committee FOR the
last eighteen montSs, testified before the
committee on Friday H.. MAS not familiar
with tho circumstances lcadias up 10 the
closing - the Oriental Bank. as he was not
ii member OF the Clearing lIousc committee
AZ that time. He admitted. however after
hearing the testimony of Nj. Jones and
the other former Oriental directors. that
II would appear that tie bank "as solvent
when II closed IT, doors
The other members of the present Clear
iug House committee are Frank \ Van
derlip. " T. Frew. president of the corn
Exchang, Bank. Richard Delahed, prcsi-
dent OF the National Park Rank. and Otto
r Barnard. president of the New York
Trust Company. None Of them has tesiAed
50 FAR
The Congressional committee had intend
ed 10 direct IN, inquiry toward an invesuSa
ton OF tho New York STOCK ENchansc IN lts
relation TO the banks and other financial
institutions AT the resumption Of tic hear
ings tomorrow Unless some OF the Clear
ing House bankers volunteer to testify. that
rrobably will be the course pursued. Sec
r.tary Ely aud other officers Of tn" Stock
Exchange. il f. understood. have been sub
uO.naed 10 appear tomorrow.
Tho hearings are expected 10 continue
through the week. and subsequent hearings
probably will be held in Washington.