New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-25
Ex Senator'S Testimo,.
He Sold Interest in Pa,l
Sites Called Falls.
Held in $4,000 Bail
Defendant Declares H. r.
No Opportunity to STAT.
His Case

indicted on the charge Of perio- :"
terday and held in $4,000 b., ~ :.
Judge Mu!queen, in General s.,,T
This is result Of the inve,ss,s.N
into the purchase Of the ROekav,, -,
Dreamland park sites by the. Ell,
The indictment charges tha, Rev.,
in testfying as an appraisal srn.,,
fore the condemnation eonn,,,.
swore that he had no int.r.,, !, a
Rockawsy Park site, and m.In,,,..,
that the land was worth $4,000 Al =.
This testimony, the indictment eb,,..
was "feloniois, corrupt, wilful. A.,
and malicious perjury"
An entirely new investigation a, :,
the land deals involved in ii. Pa,
away Dreamland and Marginal Pa
way purchases will be begun on Mors,,
by the extraordinary grand juv A..
VIII be sworn in by Supreme Con-,
Justice Goff. This is the grand iur
which was ordered By Governor w.i,.
man when he directed Distric, Alta,
ney Swami 70 take the Ruth c,p,..
investigation out Of tie hand, o. c..
missioner Of Accounts Leonard v,n
steir. The Governors order 70, ~,
special term Of the Supreme Cour, ~,
the special grand jury provided for A.
investigation of any Of the city a,
partments deemed advisable By q.
District Attorney.
ut is our intention to 70 into Il
the land deals from top to bo,t,
We have been getting a vast amer.
of information during the last 4.
days" said Assistant District Atto-g
Black.
May Involve City Officials
Have you any evidence hat inyera
present city oficials7" he was ssk,i
ave are going into all that, bu, i
takes time" said Mr.. Black.
Evidence in the possession o. Dis.
trict Attorney Swami shows that
Reynolds appeared befors the eOnd,n.
nation commission on June 4, 1912.
He testified last Monday that he hi!
sold his two-ffths interest In the prop.
erty to Frank Bailey, yice-presiden.
of the Title Guarantee and Trust Com.
psny and president Of the Realty A.
sociates, of Brooklyn, for $4,000 and
a tenth interest in the Alert MIMI
Company, of Crippis Creek. 0L
Reynolds declined to produce t,
agreement of that sale and Assistant
District Attorneys Black and XIII.
sent for Mr.. Bailey.
The evidence produced By Bailey T.
cluded the cancelled cheek which y
gave to Reynolds for one-hfth iaisrs
in the Rocksway Park site, due Eriii
Bailey, trustee unGer agreement VI
the Neponsit Realty Company loyn'I
of the Rockaway site)." The check ~
drawn on the Realty Assoeista /.
S4,321.40, and was dated June Il, ~
IL was deposited the same Gay Y
Reynolds in the Nassau National sri
of Brooklyn.
The date shows that BAILEY ~
for only one-ffth OF Reynolds san
OF the Neponsit Realty Company
little more than a year after he ~
sworn before the condemnation t'i
mission that he had no interest VIA
ever in the Neponsit Company
Reynolds Charges Unfairnes
ave will show said Distrie. y,
torney Swami, yesterday, "thst ~
Realty Associates controlled 80 ~
cent OF the Neponsit Company q.
therefore when Bailey paid Reyn'ssi
he did so with the money wnieh ~
Neponsit Company had received w
the city, which in the meantime "'
paid for the land" 1.
Mr.. Reynolds was represented y
Siegfried Hartman, Of the hrn y
Stanchfeld & Levy, 100 Broas,N
After he had been held in SlO'CW ~ =,
Mr.. Reynolds reached in his pocEt ., y,
drew out a little piece OF paper ".
at their request gave il 70 repor''''
IL bore these words in typewrltlhg' =,
ITO say the least, in this tWen.s;i,
century of our civilization, y s' -.
seem to me just and proper that '.
privilege should be extended 70 Nv J.
appearing before the grand lufy !"
fore the indictment was fouhe'
would have been willing 70 wave +, !.
munity. The public will be sole /" - I.
termine later whether or not 'ns -
quiry has been q fair one r,..,,
In reply 20 this Assistant p''"N
Attorney Black said: (.
"Mr. Reynolds made no rsquc
go before, the grand jury. ne snV -,
no disposition 20 help US. On 'nI n
trary, he declined 70 furnish =,
papers. particularly the copy o. -,
which he said he hsd =.
Bailey for the sale OF MS lhN''
the Neponsit Company
Allege Crime Is 0utla"ea
Judge Mulqueen gave the deisn mo-,
ten days in which TO make tne "a. /,
motions. Although Mr. Reyno.'s -,
his counsel would not discuss 'he ~ :
il was learned that ;ne defence VII !.
that the crime is out!a%Sd a., q.
statute Of limitations. which ioi y !,
onies, is five years. ms eAP'
June 4, 1917. - n
When. asked about this phase q :
case, District Attorney swami sior
"Our investigation OF the law y. "a,
that a defendant who lnVohes ~. ~, Z,
ute of limitations as an s'hrms'n "a.
fence must show that he mas '. -, Al
tinuously in the jurisdiction ~, ~, /,
wears preceding the time wnen -" IN
dictment was found. think we We, M
have no trouble in showing ms' ,, I,
REYNOLDS had been out OF we ND
the last FIVE years for peLIoSs Sier
longer than the two months
pancy which exists in his cas-.
Statement by Mitchell H..
When told OF the Reynolds ''
ment, Mayor Mitchell said; .,,,, o.!
at is purely a personal msN .yo,
MT n question in which l. |" -.
.-oJ IL WAS mace n