New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-11-28

have 70 look IL up before | could say
ANYTHING about IT, 0ffhand | can't re-
cali what il is, so many TRANSACTIONS
have passed through my hands since
then. ] dimly remember there was
such a person as Buckley. | don't re-
call what financial relations had with
Mr.. Mccall. and would not undertake
10 speculate. | have not the recorqs
al hand here at my home, and could
not get them before Monday.
Bank Refuses to Show Ledger.
The days proceedings were filled
with a good deal of swapping and smart
inc and threats of dire measures on
he part of Chairman Thompson. MS
GOOD humor was upset at the opening
of the hearing by the refusal OF tne
.ankers Trust Company ofhclals 10
produce their depositors' ledger snow
ire McCalls personal account; 4
William n. Duane, vice-president OF
the bank, appeared and voiced the re-
fusal. He said it was the banks duty
10 protect the condolences OF It's cilehts,
and it would not open that part,cuiai
book to public gaze unless compelIe9r ~ 10
do so by Supreme Court oroer.
eagerness of the investigators 10 geV
the depositors' ledger was oaSeu OH NV
fact that il would serve as a key 70 IN
lock the full meaning OF many VI wv
Calls financial transactions LuL
Thompson said that unless the JAN h
o.ceded 10 his demand he would sub
poena Mccall and his wife, VINO weLe
attending the wedding Of their daugn-
Tor az st. Patricks Cathedral, 10 ap-
near and give their permission tor ,he
production of the book. lie toId MT.
nnane to 90 to the bank and get pach
nv o'clock with the book. Az the ap,,
pointed hour Mr. Duane, accompanied
nv ]. NJ. fairfield, as counsel, returheu
and read this statement: ,,,
hinder the advice of counsel nave
declined to produce the deposltors
ledger of the Bankers Trust company
from 1906 to the present date, contain,
ing the account of Edward r.. McOaIi
and +. +. Mccall, because the sup
noena duces tecum directs generally the
production of the entire deposit ac-
count from 1905 to date, and there Is
included in said account many nun
dreds of items of deposit and with
drawals made by the depositor WIN the
BANKERS Trust Company, and whlcn
transactions established conhdential
relation between the depositor ana the
institution. and the institution cannot
disclose the items appearing in the ac-
count to the public or TO the committee
Necessity Is Denied.
"The account is a private bank &C
count Of citizen of this state cover
ing a long period of years. further
state that no showing. has been made
of any proper case for the production
of the books mentioned or that any OF
the items included therein are peru
nent to any inquiry now pendlng De
fore this committee or that 'he PIo-
duction of any of said items is neces-
sary or that proper cause exists there-
for.
"The Bankers Trust Company mas
permitted accountants designated ny
this committee to examine at length al
of its books and records relating 10
any matter or thing which the account
ants desired information about except
as 10 the books now referred to, ana as
to these books, upon the grounds ABOVE
stated, the witness cannot produce
them.
81. or the institution of which | am
an officer. have no desire or purpose
TO delay. impede or interfere with the
action of this committee, but IN view
of the advice of counsel ! think 1t
would be a positive breach Of duty for
us to disclose, and therefore cannot
act otherwise"
At the end of this Senator Thomp-
son, flushing and with rising voice,
said:
81 hereby issue instructions that
subpenas be issued for Mccall and
also Mrs. Mccall TO appear here at .
o'clock. had hoped you people would
no: pat those people in this position.
81 am only subpenaing them on &C
count of the Bankers Trust Company.
You know it would take two or three
days to produce the books by Su-
preme Court order, and that is the
reason you refuse to let us have these
books. | am going TO have the New
York City public understand your atti-
tude"
1--WE are very much surprised you