The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-05-18
POLITICAL TRICKERY is
G " REPLY
McAdoo's Dragging In of National City Bank Is 81
Charged-Comptroller Williams Called
a Liar in Court.

viewing the anidavits of Comptroller
williams and Secretary McAdoo.
He tool UP n number of the exhibits
included In the Williams affidavit which
consist OF ngures relating to the Riggs
banks cash reserve and excess oar
of the bank In the eighteen years since
its Incorporation.
"JuaIf Truths" Asserted.
Mr.. Hogan charged that these ex-
hibits were grossly unfair TO the bank
in that they stated half truths with
a purpose OF misleading tho court and
the public.
lie pointed out that n tabulation Of
the percentage Of reserves kept by the
bank at various times have only those
percentages IN which the ash in the
banks vaults fell below the reserve
requirements, falling to set forth the
percentages maintained in authorized
repositories in Nav York.
All Of the excess loans ,abulated by
the Comptroller. the counsel said. were
made before 1905, when the national
bank act was libcralized in this respect.
n in periods when II was a set
policy OF the Comptrollers OF the Cur
rency TO taxi only p~erfunctory notice
or lapses from the requirements.
Mr.. Hogan then proceeded to a dis
cussion of the conspiracy charge.
Counsel finds that on December 4,
1919 he said. the Secretary Of the
Treasury. shaking his finger under the
nose of a president OF u great hank,
says: Mr.. Glover. you know what his
means 10 the Riggs bank Following
that, the first time that opportunity came
TO harm the bank, McAdoo did harm
II by arbitrarily striking from a list
OF the District of Columbia tax moneys
to be deposited in the eleven national
banks OF the District of Columbia ST.
. 10000, which the Division OF Loans
and Currency was about to deposit with
the Riggs National Bank, in accordance
with custom.
Then, In order TO effect the purpose
for which the two OF them-McAdoo
and Willians-were working side by
side, he discloses that he not only con-
nived at but obtained "A violation of the
law by a national bank"
McAdoo and Politics.
In regard 10 Secretary McAdoo's am
davlt Mr.. Hogan said
That affidavit. so far as II replies 10
his bin or to anything in this bill.
could be written IN three pages. Your
Honor Is not unconscious OF the fact
that unfortunately a political aspect
has been attempted IN tho public prints
TO be given 10 this suit. We ought %
assist this Court in keeping any such
aspect out of II.
1T Is simply a seeking OF a legal
remedy by an institution. Incorporated
under the law. 81 b. protected from the
unlawful exercise OF the power Of pub
lie officials. That il all there Is to Il.
And Yet the defendant McAdoo's am
davit is devoted to a long chronicle
about the National city Bank of New
York, in no way connected with this
case, In no way mentioned in the bill
OF complaint, and which does no, and
could not own one dollar OF stock I'm this
thing which could have been
incorporated In this answer only for
political purposes. a thing which should
require and receive the condemnation OF
the lawyers In tho case and Tho Judge
passing upon II. whether the official hap
peneG 10 he a Progressive. Republican or
a Democrat"
The formal briefs OF Comptroller VIII.
iams n his codefendants in suppor, O,
the contention that the Injunction should
be dismissed were filed to-iav.
II Is conteuded In the Comp,rollsr's
hrief that tho suit would make IN.
United states n party 10 IL. whereas IN.
United states may not be made n party
To a suit without It's consent that fhs
ilaintif has an adequate remedy az lay
and that. further. no cause Of action &.
shown because the court has not turis.
diction 10 review the exercise Of a dis.
erection imposed on the Comptroller h,
statute.
The hearing on tho motion to dis,
miss the Injunction will he continued
tomorrow. when the Governments AT,
torneys viii he heard. E~N.Sena,o,
Bailey will close the argument for ths
bank. II ~ expected tina the hearInl
on the motion will he closed on Wedncs
day.