Evening star., 1913-12-05
M'AD0ODEFENDS
ACT OF TREASURY
Continued from First Pase.)

Continued from First Page)
United States Trust Company. the same
| to be charged to the eleven national
| banks Of the District Of Columbia, and
! also that Frank Munsey would deposit
with the Munsey Trust Company cash to
| the amount of 100000.
| THE bankers sought to induce Mr..
Munsey's representative to awaken Mr..
Munsey to secure from him a pledge
| in writing that he would carry out this
part of the agreement The plea was
| ill, that he fully approved of the pro-
posed arrangement, and that it would
| be wholly unnecessary to awaken him
to ask that he put his pledge in writ
| ing, as his representative could vouch
for his doing his part. The bankers
agreed. therefore. to become responsible
to the United States Treasury for the
million dollar deposit"
papers came the announcement that the
Munsey Trust Company had bought the
United States Trust Company and guar
anteed the depositors The Treasury
| vans were backed up in front of the doors
of the United States Trust Company s
| branches and the demands of depostors
were met.
Says Munsey Refused To Make Good.
| That afternoon, says the Tribune
story, "Mr. Munsey refused to make
good the pledge of his representative
| that he would deposit with his trust
company 100000 cash. saying that his
representative had had no authority
| to pledge him to any such arrange
| ment.''
ITO secure the $1OOO.OOO government
| deposit the Munsey Trust Company de-
posted" says the Tribune story. with
the Treasurer Of the United States
/ ho of
while r. Lancaster Williams, brother
of Assistant Secretary Williams and
a director of the Munsey Trust
tional banks of the District written guar
| antees against loss through their stand
| ing sponsor for the $1,tuO.O0O of gov
ernment funds, deposited with the
Munsey Trust Company. although these
guarantees, of course, added nothing to
such security as the national banks, as
depositors in the Munsey Trust Company,
] already possessed
| 1.-The net result of the tranaction, ac-
| cording to those in a position to speak
Trust Company has acquired the de-
posts of the United States Trust Com
| pany, amounting to between $4,OOO.OOC
and S5.OOO,OOO, and the good will of its
customers without the expenditure of
| a dollar, securing the same in so FAR
as the government is concerned, with
the assets of the United States Trust
| Company"
| Thereafter the Tribune story goes on
| to relate subsequent circumstances, not
pertinent to the immediate question. to
| the point at which it gives the text of
| a statement issued 1t relates, by Assist
| ant Sec: etary Williams Saturday. No
| vember o. reassuring the public regard
! ing the situation and declaring that
| ''the Munsey Trust Company was the
best qualified to meet the situation" this
| company having 'the largest reserve
| fund that perhaps any other Washing
! ton institution" In a subsequent issue of
| the Tribune Mr., Williams denied the is
| suance of such a statement and his sec
retary took upon himself the RESPONSE
| bilty for It,
| Witnesses Tell of Assault.
| Shortly after noon yesterday Philip
Milstone. a news vender, was selling
copies of the New York Tribune at the
corner of 10Th and H streets and was
calling aloud sensational statement re-
garding it's article with respect to the
| legged. he was approached by Isa &C
Swidler and John II. Peters, respectively
! circulation manager and his assistant OF
| the Washington Times.
| Swidler and Peters, it is stated, or
dered the boy to cease crying his pa
pers in the Objectionable manner, and
even the boy charges. to desist from
| selling the papers. at all.
!! The boy declined to comply with these
demands, whereupon. it is stated BY
! " illnesses, Swidler and Peters assaulted
| him, injuring him severely and fOrcibl1
| taking possession of his bundle of pa
pers.
| Young Milstone called for help and
Policeman Mertz crossed the street and
| at the demand of the two men arrested
him and took him to the first precinc,
station house, where he was slated FOL
| disorderly conduct, the charge being pre-
| ferred by Peters. He WAS soon after re-
| leased OH So collateral.
| This morning in the Police Court a
warrant for his arrest, when requested
by Attorney Wilton J. Lambert, repre-
senting the two Times employees, was
denied first by Assistant Corporation
Counsel Varnell and later by Assistant
United States Attorney Given. neither
official agreeing to issue the warrant
| upon the statement of the case made to
them. He was consequently, declared
discharged and his collateral was re-
| turned to him.
Attorney George F. Havell, represent
| ing young Milstone and the New York
| Tribune, stated this morning that he Will
| swear out warrants for the two Times
men during the day. and that charges
| against them, will be pressed to the ut
most.
Attorney Havell has procured, he says
| the names of more than a dozen wit
nesses, all of them prominent business OF
professional men, with offices in the vi
| cinity of 10th and III streets, who have
| signified their willingness to appear ir
Police Court to testify in support of young
| Milstone's story of the alleged assault.
Would Bar Words "United States"
| AS sequel TO the recent merger of
| trust companies in this city following
run on one of the institutions, Repre-
| sentative Steenerson of Minnesota today
introduced a bill to prohibit banks or
trust companies or persons firms or cor
| porations, Joint stock associations or
| companies engaged in any brokerage, in
| irSI business II from U.s.