The sun. [volume] (New York [N.Y.]) 1916-1920, 1918-07-12

Credit Bank and the Hungarian Bank
OF Discount.
Following Mr.. Delehanty's statement.
which was made in the Office of Mr..
De Woody, the latter with Mr. Sprague
made the following statement:
The Department OF Justice since 1914
has been investigating a number Of per-
sone. some Of whom have been connected
with the Transatlantic Trust Company,
but whose connection Herewith has no
relation to the solvency of the institu-
ton. As result Of our own investiga-
tion and investtg cations made by the MIL
itary and Naval Intelligence Bureaus
and under Presidential warrants We have
arrested and are OBTAINING for further
investigation Mr.. Printer and his as
sociates."
Arrests Made at the Bank.
Tho arrests were made at the bank
carly yesterday afternoon and agents
of the department took several suit
cases of documents TO Mr.. De Woody's
office for examination. Printer was
taken to the Raymond street jail, Brook
Ign: Gomary and Szekely to the Essex
county Jail. Newark. and Won Steer
to the Mercer county Jail. Trenton.
Pirnitzer and the Transatlantic Trust
Company. which had been generally
recognized as the unofficial financial
agent Of the German and Hun
garian Governments, acquired consider
able notoriety two years ago, when on
the last day of June there appeared In
the Hungarian daily, Amertkdt Magyar
Neps<apd, ten days before the submarine
Deutschland appeared at Baltimore. the
following advertisement:
Wonder of wonders! Money for
warded to Hungary by a German sub
marine, 100 kronen for s14. Only
Thursday morning there arrived at
Baltimore German submarine and
II leaves for Europe in n few days.
The Transatlantic Trust Company an
nounces with pride that from now on
II will send money orders by this way
and will manage TO get receipts by the
same way.
We have no longer to fear from the
injustice Of England. The money for
warded is no moro in danger. Every
body who wishes that their money
should be forwarded by the first Ger
man submarine should send 1t at once
to the address OF the Transatlatic
Trust Company, Ct William street.
Hungarians living in New York should
call on the East Side branch, 100 Ave-
nue. A. corner Seventh street. which
will be open for business to P. NJ
A similar advertisement appeared
again on July 6 except that in the sec
ond instance reference was made to
steamers as well as to q submarine.
Dumba Reported Interested.
Since Its organization the Transit
lantic Trust Company has figured fire.
auently in the public prints. 1t was com
mon rumor that DR.. Dumba. the dis
credited Austro-Hungarian Ambassador.
was interested in the concern. and Alex
ander Won Nuber. the Austro-Hungarian
Consul-General, was at one time n men,
Der of the board of directors.
In October, 1912. Marcus Braun, one
time a special inspector of immigration
and later editor Of the weekly Fair Play.
filed with State AttorneyGeneral Car
mody a series OF charges looking to the
dissolution Of the concern. At that time
Braun alleged that the company was
backed by the Hungarian Government,
that the officers appealed to Hungarians
resident in America to transfer their
savings through 1t to Hungary. and that
the same officers discouraged Hungar-
ians from becoming citizens of the
United States. Printer defended the
company. declaring that 1t sought only
to guard helpless immigrants from put
ting their money in unreliable financial
institutions.
In November. 1915. Printer caused
the arrest of Alexander and Victor Con-
dos. publisher OF n Hungarian newspa-
per in Bridgeport. Conn, on a charge OF
extorting, He alleged that the Condos
brothers had threatened to publish liz
Hungarian papers a statement to the
effect that the Transatlantic Trust Com
pany was a depository for funds paid to
Robert Fay. Walter Scholz and Max
Breitung and others implicated in bomb
plots that were eventually traced to
Franz Rintelen.
In July of last year a small sensation
was created among Government officials
when an unnamed official OF tho Trans
atlantic Trust Company telephoned TO
United States Attorney Caffey saying
that a large quantity OF unstamped mail
mad been delivered in the building occu-
pied by the company by sailor from
neutral steamship that had just arrived
in port. Government agents went to
the building and seized a large package
Of mail. which they took possession OF,
but It's nature was not made public.