New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-12-14

he acknowledges his reputation Of the
pledge made on his behalf by his per
sonal representative, Mr. Olivier, that
he would deposit 100000 cash in the
Munsey Trust Company, point out that
he is scarcely ingenious in his final
paragraph on this subject.
Mr.. Munsey says III was finally
agreed at that meeting that it should
be left to Mr. Father. chairman OF the
Clearing House Association. and TO
myself TO determine if there was any
occasion for bringing the money from
New York. Up TO date have received
no notification from Mr.. Flather oil
any occasion for bringing on the
money. and / have seen none myself.
If there had been any necessity for 1t
il would have been donc.
EmpIoye Inundated
II is pointed out that, with the As
sistant Secretary of the Treasury, John
skeleton Williams, bitterly hostile TO the
Riggs National Bank, Of which Mr..
Flather. chairman Of the Clearing
House. happens to be cashier, the lat
ter cannot count on any assistance
! from the Treasury Department in any
representation TO Mr. Munsey that II is
necessary or advisable that he make
good this promise; that any effort on
Tho part of Mr.. Flathcr 10 induce MN
~ make good the pledge of Mr.. Olivier
would judging by past experience
probably serve only 10 elicit from the
Treasury officials and those sources OIL
publicity which they control furthcf
accommodation Of the Riggs National
Rank and that. finally. the Clear
ing House banks cannot appeal 10
the acting Controller Of the Currency
10 support their contention WITHOUT
placing in an embarrassing position an
epnlove of the Secretary Of the Treas
,rv who has already suffered indlSnity
and humiliation because he expressed
conviction opposed TO that oil Johh
skeleton Williams, and who in his posi-
tion might suffer still more severely
were he now TO support the views ol
the bankers in opposition to the wishes
of the Assistant Secretary.
stuart Olivier, the personal reprcseh-
tative Of Frank a. Munsey in the
negotiations which resulted in the ac-
ouirement by the Munsey Trust Com
many Of the United States Trust COM
papy. has made public i'm Mr.. Munsey
baltimore newspaper a defence OF ms
chief against what he describes as a
series of attacks on the part OF New
York newspaper" and the Olivier state
ment. which appeared as a preface 10
Mr.. Munseys own statement, is being
,ead with much interest I'm financial
circles here as simply confirming the
statements made in The Tribune's
Washington dispatches.
Bankers Contention Upheld.
After announcing that Mr.. Munscy
did "a Big" thing in "a Big way--both
pigs" all i'm capitals--and assuring the
nuh,jc that MIR. Munscy may have done
great many big things in his life, but
this. TO my mind. viii always stand out
as his biggest single accomplishment, ,
Mr. Olivier goes OF to say that the con-
clifton. Of the United States Trust Com
pany was brought TO the attention of
himself and other Of Mr.. Munsey's rep
reasntatlycs in Baltimore and Wash
i,,,,,o,, eevora1 weeks ago.
This statement supports the conten-
,b,n. NJ the Washington bankers, who
,o,i,,,i i'm that the MunscN people have
epiovcd inside knowledge of the stu
ation Of fhc United States trust com
MANY for 4 considerable time, ana VINO
regard The assertion, in Mr.. Munseys
statement that he had known hotii"s
80 the troubles Of the United states
Trust Company until the day oeiore
his arrival in Washington. the ""' -
,be run. and of his proposals TO acq"iie
the $4,000 deposits Of that panh win
some measure Of skepticism. A''"o'e'
they are quite prepared to ADMIT '''a'