New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-07-02
Transatlantic Trust Co.
Rejects Money for Ship
ment to Hungary.
STATE TO LOOK INTO
"AD" FOR DEPOSITS
Some Funds Received, Clerks
Say-Bank Head Increases
Mystery Surrounding Craft.

Five cashiers. tcllcrs or clerk
idling in the East Side Branch Of the
Transatlantic Trust Company. Avenue
\ and Seventh Street, refused last
evening TO accept So for forwarding
under to Hungary" in the mysterious
German submarine reported some
whore off Baltimore.
ITS too late for business" one Of
them said 10 the lone prospective de-
positor. The clock over the vault
indicated ten minutes to g. And it
had been announced at the main Of
fees Of the company, G. William
Street, in the afternoon, that the
branch would be open until p. m.
TO accommodate Hungarians on the
East Side who wished to forward their
korona without fear Of British inter
ference
Some Money Deposited, Clerks Say.
All requests for information about
the arrival Of the submarine, the
amount Of the deposits for forward
ing, or the State Banking Depart
ment's investigation of the company's
advertisement in local Hungarian
newspaper were answered in one re-
ply by the spokesman Of the branch
employees;
You'll have TO see the president,
Julius Printer. He'll be glad to an
swer your questions"
At So West Fifty-nnth Street it was
said, however, that Mr.. Printer was
not al home.
Il is q matter Of record by observa-
ton that during the last half hour.
during which the branch Office was ad-
vertIsed 10 be open for submersible
business, no deposits of this character
came in. One of the clerks asserted
that during the day money for this pur-
pose had been received. As TO when
u would be transferred 10 the U-boat
and where the submarine was hiding,
thi syoung man said that he knew
nothing.
Bank Head Silent.
When President Printer was found
in his Office earlier in the day, he
s;rove to give variety to his reticence.
Are you concerned at the Banking
Departments announcement that u will
investigate your Wonder of Wonders
advertisement in the Amerikai Magyar
\epsZaVa ." he was asked
81 have nothing to say at present" he
replied.
Are you sure that the submarine
has arrived at Baltimore, as the adver-
tisement says ."
II have to say at the present time
nothing"
us the story of the U-boat a fake 2"
81 can say nothing at this time"
The same genial but effective silence
was maintained at the Offices of the
Hungarian daily, l7S Second Avenue.
In the absence of Eugene Lamb Rich
ards, Superintendent of Banks, his sub
ordinates refused to discuss the subject
further than 10 confirm the report that
the department would investigate
whether the trust cOmpany's advertise
ment conhicted with tse state banking
laws
Alexander Nuber de Pereked. the
Austro-Hungarian Consul General and
director in the company, lett his
rooms at the Metropolitan Club. East
SiXtieth Street, early yesterday morn
ing. lie had not returned last night.
Bank Cleared in Suit.
Since October. 1912, when Marcus
Braun brought charges looking TO its
dissolution, the Transatlantic Trust
Company and its president have APP
pesred frequently in the news. Attor-
ncy General Carnody az that time VIM
dictated the corporation Of the allega-
tiOn that ID was Subsidized by the
Hungarian government. whose object,
under the guiSe of social, philanthropic
and altruistic purposes, is TO return
Hungarian emigrants 20 their father
land for military purposes" The At
torncy General found no basis Of fact
for this charge. President Printer
defended the company. saying that il
was established TO guard helpless immi-
grants against putting their money in
unreliable private financial Institu
tons
Mr. Printer caused the arrest last
Mover Der of Alexander and Victor
Condos, editor and publisher of Hun
garian newspaper in Bridgeport, Conn,
on The charge that they had tried 10
cxtort from him $1,000. He alleged
that they threatened 20 publish IN Hun
garian newspapers q statement that
the Transatlantic Trust Company was
depository for funds paid 70 Robert
Fay, Walter Scholz, Max Brcitung and
others implicated in bomb plots. He
further charged that the Condos broth
ers were hired 20 attack him By East
Side bankers who were dispeased be-
cause the Transatlantic company had
monopoly or the business Of transmit
ting immigrants funds 70 the other
side.