New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-11-10

from foreign institution. He called
~ the Office OF the banking institution
Monday. its president alleges. and le-
c,ared that campaign against u yas
soon TO be started in the Bridgeport
newspaper. backed ny group Of East
side bankers. This consisted % >
series Of articles which would tend 70
damage The integrity Of the Trans
atlantic Trust Company.
II asked him what means could be
used 70 avoid publication Printer
continued ale said his brother. the
editor. had very strong reasons FOR
attacking the institution, the strong
est being that he mad been paid 10 do
50 BY some East Side bankers. ! then
made an appointment TO meet the two
men to-day al my Office.
Banker Gives $1,000 Check.
81 seemingly accepted their offer, for
reasons among which was my belief
tnat / could avoid the attack, and 70
prevent IL gave q check for $4,000
FOR other services they undertook 20
render. | agreed 10 pay them the
money. for which they promised 70 de-
liver TO me the plan Of their campaign,
which otherwise would be put into ef-
feet"
Yesterday. the president continued,
he got into communication with the
District Attorneys office and was re-
ferred to the LIST Branch Detective Blu
reau Inspector Faurot then detailed
the three detectives, who were in side
room when the Condos brothers Wis
tied Printer.
They were unable 70 understand any
~ the conversation between the trust
company's president and the Bridge
port men, as il was all spoken in Hun
garan. They said last night. however,
that a check was passed from Printer
10 one of the brothers. who gave il 20
the other. When they saw this they
made the two prisoners.
The president further stated that the
Bridgeport men had threatened TO print
libellous articles that the German and
Austrian secret services had some con-
nection with the institution, and that
the members of this country's Secret
Service were now directing their atten-
ton toward its condition.
The trust company head was then
asked just who he was. He replied that
he had come 70 his country three years
and half ago from Budapest 10 be
come head Of the Transatlantic Trust
Company. and admitted that he now
owned fifty shares Of stock in q Bull
garian bank. lie said that although
he had met thu Condos brothers he
had never had sGv dealings with them
until Monday.
He continued that Alexander had told
him that he was pressed for funds and
had been Influenced by number OF
East Side bankers-who were dis
gruntled because the Transatlantic had
taken away much of their foreign trade
to take the action he intended TO do.
Cup TO the time of our establish
ment," he declared. "the East Side
bankers monopolized the business OF
transmitting immigrant funds TO the
other side Since that time we have
got a tremendous part of this business.
a procedure which has called forth sys-
tematic attacks
There was also. he said, an attempt
20 gather part Of the third German
loan by the Eas, Side bankers. When
the first was foated a year ago. Pr
ntzer asserted, means of Transmission
10 Europe were poor. and the result
was that not so much money was
pledged as had been expected. But
when the second was foated. last May.
obtained 100000 in subscriptions.
"How was this sent abroad ," he was
asked
eve don't care to give away our
business. or you would know more
than we do" ne answered. The third
loan was now being issued. he went on.
and this was a significant time for
bankers in this city to use their infu-
ence against the institution that had
taken a large part of their business
from them to obtain part of the loan
Tor themselves.
The Transatlantic Trust Company
was formed in May, 1912. with $780,
900 capital and s350,0O0 surplus. Its
deposits are now said to aggregate s4.-
100000 Its directors at one time in
cluded Stuyvesant Fish. the capitalist,
and James W. Cannon. president Of the
Fourth National Bank.
The present board is composed OF
n. Rieman Duvsl, president of the