The Sentinel=record., 1915-04-14
CHARGES STRONGLY DENIED
Declares That Bank Has Never En- oourased Any Person, Young or old, to Speculate or Buy Stocks For Investment
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Investment

Washington, April l3.-Attoruey General Gregory announced touiehl that the department of justice had employed Louis D. Brandeis of Boston to defend Messrs Williams and Me Adoo in the injunction proceedings. He declared his derartment and the treasury were in accord and heartily cooperating in these proceedin-s
 It became known also that Jesse C. Adkins former assistant attorney general also had been retained in this case.
 Officials declined to say whether the government at this time contem- plates any affirmative proceedings, in addition tu the defense of Mr. Me. AdoO and Mir. Williams in the injuuc- tiou case. It was denied however that the bureau of investigation of the department of justice had under taken any investigation of affairs of the Riggs bank.
 The services of this bureau are frc- quently called upon wlen tue treas ury department feels that it has ground for other than civil proceed iugs.
 TAe bank tonight gave oat loay statement reviewing charges made by MT Williams last night The banks statement called attention to the an nouncement made by MT. Williams that investigation Of the bank had disclosed irreguarities and that the department of justice had engaged the services Of Louis D Brandeis some time ago as special counsel in the case.
 The tatement recited that at noon today Attorney General Gregory stated that Mir. Brandeis had not been engaged by the department of justice and the statement that he had been retained was incorrect al the time it was made
 Mr. Greeory's own statement in re. gard to the employment of Mr. Bran. deis, given out before chat Of the bank, follows:
 The department Of justice has em, pIoyed Mir Brandeis as special conn. sel to assist in the defense of the iu- junction proceedings brougl, by the Riggs National bank. Up to the filing of the suit on yesterday the de- partment of justice had not had De- fore t for official consideration the controversies between the treasury department and the Riggs National bank. but knew in a general way that these existed and might result in some character of litigation. rne ne- partment of justice and the treasury department are in accord and heartily cooperating in this suit
 The statement answers Nr Will Hams charges made in letters to the bank, that it loaned large sums to women for speculative purposes. by saving that Washington has probably more women than any city of its size in the world who have fortunes. and adds that its losses through loans to such clients have been negligible.
 The bank declares that Mir. vii. Hams has no foundation for the ale gatlon, also made in letters. that it has tempted young men and women 10 ruin through speculation
 "The fact is, the statement says, that the officers Of this bank have never advised or encouraged any per son, woman or man, young or old. to speculate in stocks Or buy stocks for investment, and the comptroIler's in- situation to the contrary is a gross perversion of the truth, of which no officers of the government ought to be guilty with respect to any matter and especially the comptroller of the currency be guilty of it for the pur- pose of injuring a bank iu the public estmation'