The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-01-15
Tells of Banco NscionaI.

william T. Pulliam, Sc Beaver street.
receiver of customs prior 10 Mr.. Nick's
appointment, one Of the principal wit
nesses yesterday. classed the advent OF
Bryan policies In the United States re-
ownership In Santo Domingo as the
difference between treating the receiver
ship as an altruistic mission and treating
it as a political exploitation"
When Mr. Bryan learned that the Ma
tlonal City Bank had received the big
loan in preference to the Banco Nacional,
he Immediately thought of the wall
street crowd Mr.. Pulliam said, and at
was like waving a red nag In the face
Of bull with Bryan" Bryan lent his
exclusive ears TO the Banco Nacional
crowd alone" Mr.. Pulliam said.
Mr. Pulliam. who has been twenty years
In the Government service, made the fol-
lowing suggestion at the opening OF his
testimony:
III YOU want to get at the meat Of
the whole rnixup and scandal, 7 suggest
that you call on the National City Bank
to send a representative who can explain
this $780, 900 loan. | don't think the
National City Bank will have any object
in concealing anything That loan is the
genesi, OF this whole matter
Speaking of the formation OF the Banco
Nacional, which competed with the Ma
tional city Bank for the loan, the wit
ness said:
THE Banco Nacional in santo Domingo
is a joke. II was established In 1919 by
Samuel NJ Jarvis, now dead II was well
| known by the then Government that his
reputation was far from Al, being chart
table. The Banco Nacional was estab-
| lshed for one purpose-to get hold OF the
| receivership account. That was preached
10 me more than once hy Mr.. Mitchell
! the president
Had No Deposits.
mo one took the Banco Nacional seri-
ousy. It made no Roadway. II had no
| deposits Mr. Mitchell and the Jarvis
! interests were much chagrined at not
| getting this loan, but the National City
! Bank offered better terms This aroused
| the ire OF the Ranco Nacional crowd and
Mitchell then started a vigorous news
| paper campaign against Mr.. Russell
! minister Sullivans predecessor and the
Santo Domingo Government and tried to
| get people down there who would turn
| the business over 10 the Banco Nacional
He subsidized the leading paper In San:o
| Domingo"
Eight weeks before Minister Sullivan
was appointed. Mr., Pulliam said, Mr.
Mitchell told him that he (MitchelD
could name the next Minister.
81 am positive the Jarvis interests
worked for my removal" Mr., Pulliam
/ said 81 thought IL hard that |, a Demo-
| crat who had voted for Bryan in 80
and who had served under three Repub-
| lean administrations. should be removed
| by Bryan
| The witness said Minister Russell was
a typical diplomat" and was asked to
describe one
| "a typical diplomat" he said sis one
who follows instructions. lie avoids mix
Ing m fps orders emanate from Wash.
/ ington.
"Mr sullivan had no more authority &c
! Interfere In the transfer OF the receiver.
| ship account than IA private citizen. II
that account had never been transferred
! Cto the Banco NacionaD Sulllvans wIugs
would have been clipped.
The Banco Nacional had the authority
TO issue bank notes, but II never had tho
| temerity to issue them. The people would
not have accepted them except as hand
bills
Mr.. Wick told OF a job that had beer
given to Charles NJ. Johnston, n flour mil
salesman, to investigate 100000 wortl
of Government paper held by the Banct
! Nacional which they are trying to have
the Government recognize," Mr., Johnston
has been in Santo Domingo four month";
and has done nothing, the witness said.
] This was a new job picked out OF tn,