The evening world., 1912-11-23

having the Fourteenth Street Bank
made a CITY -deposlt0ry: that hA had
loaned the Cummins group OF fnAnc3ers
$50, 900 the day after the CITY Of New
York deposited 100000 IN the Four
tenth Street Bank through City Cham
berlain Hyde.
Robert Beverly Minis, cashier OF he
National Reserve Bank, was questioned
about the 100000 loan made on May
27, 1910, to the Cummlns group and :he
Carnegie Trust Company. He described
this loan in technical detail and iden-
ufied the notes given TO secure II.
q. And on June 1, three days later.
did not your bank receive a city de-
post. as Cumniins had promised? A.
Our records show that on June l the
National Reserve Bank did receive q city
deposit OF S125.0o0.
william A. Barber. former director OF
the Guardian Trust Company. said that
In Septesn Der. 1910, he had had con-
versation with Cummlns regarding an
application for a loan made by Cum
Minis from the Guardian Trust
O. Did Cummins ask you to secure
the loan? A. He asked inc to present
TO the directors of the Guardian Trust
Company an application for loan OF
$4,000.
Q. Did he say anything about any
deposits9 A. Yes. but 1t had no rela-
ton to city money.
O. What did he say7 a. He said he
was sure he could have the American
snufY Company or the American To-
bacco Company make deposits with the
Guardian Trust Company.
DEPOSITS FROM HYDE FOL.
LOWED LOAN.
O. Was the loan made? A. Yes. TO
the Tennessee Packing and Stock Yards
Company. per Mr.. Cummins.
O. Did you get deposits from either
the American Snuff or the American
Tobacco Company? A. No. sir.
O. Was any city money deposited. In
stead? A. Yes, sir. One hundred thou-
sand dollars, very few days after the
loan was made to the Cummins interests.
willis q. Nash, President of the Mer-
camille National Bank. said that In
May, 1910. Cummlns came to him TO try
to- get from his bank loan OF $3VO,o,o
for some OF his concerns. and That I'M
mediately afterward his bank received
nearly $500. 900 Of city deposits.
q. Had Cummins said anything to you
about city deposits? A. lie had merely
asked me II we had any city deposits.
On cross-examination Nash said the
IA THAT his bank might get city deposits
had no effect on making the loan. since
his bank did not wish any moro city
money. Like the other witnesses. he
said he had never communicated to Mr..
Hyde the promise OF Cumnins. nor had
Hyde ever made any promises TO him.
Arthur Baur OF the Savoy Trust Com
pany. said that. late In 1910. Cummins
had APPLIED to him for loan. At that
time the Savoy Trust Company was al
ready city depository. II also had
loaned $50 900 to Cumins and his partner:
on Sept. ., 1910
Q. Did you have any conversation
with Cummins relative to any deposits
TO be made with you. A. Yes. y
week before the loan was made. II
was in his rom in the Holland House
Ha asked me how much city nom!
we had and I sad $4,000. WELL" h,
said, II can get you a lot more.
That was all that was said.
CO. Was this loan of $4,000 ma''
to Cummins upon the specific promis'
that you would receive deposit o.
| $50. 900 from the city through MI
| Hvde7 a. Yes, sir.
O, Was there de,osited in your banl
that very dav $4,000 OF the city,
| rnonev2 A. Yes sir.