New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-12-16

was paid $40 u day for his services
until recently, when his fee was cul
20 sl4 a day. He entered his once IA
Court ST.. Brooklyn, yesterday morning
20 find Mr.. Quinn awaiting him. Quinn
bore a letter from Superintendent Kicn-
ards. announcing that he had succeed
ed Dodge. That was the first intims-
ton that the deputy superintendent
had that he was fired.
Goldstein, who IL also a spec.aI a.
sistant District Attorney, was notlI'eo
later in the day that he was ousteH a.
counsel for the depositors. spec'al
messenger brought him letter from
the Banking Department, IN "nien ne
was informed that his salary or SAW
month was to be cut IN half, ana tnaI
Nr. Deaue would assume charge OF az
legal matters pertaining to the pan"
with the exception OF those perIs1hlhs
10 Grout and Sullivan. Those Nj; OoIq-
stein was TO be allowed to handle. he
was instructed TO turn over 10 Deane
at once whatever papers were IN ms
possession which bore on Union DAM
matters. -, nh
The fact that Superintendent Ricn-
ards believed the liquidation OF the
bank was not being effected ecohoml
caliv was said TO be the reason lot the
sudden change IL management ne
+,,o new aupointees were ordered py
SUPERINTENDENT Richards 20 make an
immediate Investigation of the bank
status and report to him at the earliest
noment. Special attention was dlrecV-
ed TO be paid to the alleged shrinkage
Of assets. which are said 70 nave
dwindled in four years from $30O,ooV
to about $4,000.
In making public announcement OF
tho change in the banks management
SUPERINTENDENT Richards issued state
I1ent in which he interviewed his own
action.
Richards Lands Appointecs.
"Nfr. Richards refused to comment
further upon the designation " sal the
Banking Superintendent, ate an
nouncing that Quinn and Deane nad
sIcceeded DODGE and Goldstein, except
10 saw that in the selection OF MI:
Quinn and Mr.. Deane the interests OF
the depositors OF the Union Bank would
be promoted"
4 hurried meeting Of several OF the
committee of the Union Bank Deposit
crs' Association was called last night
at which Goldstein was present. Inc
work of Dodge and Golstein, was IN
dorsed. and some of the committeemeA
present asserted that they would hght
the Banking Department TO a hnisn.
The following statement was issued
bv DR.. Rohrer after the meetlng:
"The action of Superintendent klch-
ards in removing Mr.. Dodge, as spe-
cial deputy, and Mr.. Goldstelh' our
counsel, in connection with the anaifs
of the Union Bank, is in my judgment
a most glazing demonstration OF an
arbitrary and unlawful abuse OF power
invested in the superintendent u
Banks.
at is done solely because Of the con-
spiracv arranged with Governor Glynn.
Superintendent Richards and certain
interests representing Edward NJ. Grout
and David A. Sullivan. To appeal TO
Governor Glynn under the circum-
stances would be hopeless. We propose
10 invoke the aid of the supreme
Court and then of Governor-elect
Whitman, as soon as he takes once.
This clearly shows the efforts that Su-
perintendent Richards has resorted %
in Gripping and crushing the interests
of the depositors at this time.
Our counsel. Louis Goldsteln, at
the request of the depositors' commit
tee. wrote TO Governor Glynn on De-
ccmber 10 relating 10 two notes aggre-
eating $4,000 that were discounted IN
the Union Bank in which Z. l.. Peale,
J. 3. Lyon. David A. Sullivan and Gov
ernor Glynn were involved while he
was Controller. when he made state
deposits in the Union Bank at the time
these notes were put through without
any security or collateral. Governor
Glynn has not acknowledged receipt OF
the letter. We understand that Super
intendent Richards took action after
consulting with Governor Glynn.
There is no man who can familiar
ize himself with the affairs of the
Union Bank in less than one year;
meanwhile Superintendent Richards
has placed in charge n man who is
ignorant of its affairs. Such action
should demand the immediate removal
of Superintendent Richards.
1--WE know that we have lost our
money, due to the criminal misconduct
Of the Banking Department and Of
David A. Sullivan and Edward NJ.
Grout, and. Notwithstanding our loss,
we propose to 60 to all lengths TO
support and defend the two men that
have stood by our cause
No action was taken last night upon
the letter which Martin 7. Msntin
wrote TO DR.. Rohrer on behalf of David
A. Sullivan, Offering TO divulge any
information he had which might lead
70 the recovery of assets. The de-
rogitors Mace small faith in Sullivan's