Northern Bank (New York, NY)

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Stock Market Strong and Advances All Along Line. Engagementof$9,000000 From London Helps Some. NEW YORK, Oct. 28.-A general restoration of confidence was indicated by the banking situation, following the improvement during the opening hours of business today. The stock market was strong under buying orders from London and advances of from one to three points were made in all active dividend-paying stocks. The engagement of $9,000,000 of gold by New York banks for immedi< ate importation from London gave much strength to the situation. The action of clearing houses in various cities in following the lead of New York in deciding to issue clearing house certificates was looked upon as a measure of safety and conservatism. The Lincoln Trust Company and the Trust Company of America paid all comers, and their lines were by far the smailest since the runs began. Minor Runs Started. Minor runs were started today on two smailer financial institutions. At the Northern Bank of New York, at Broadway and Fourth street, about seventyfive people were constantly in line. The bank officials saw to it that all the frightened depositors Were allowed in the bank out of the rain and they were paid off as rapidly as possible. Lack of sufficient small bills was given as an excuse by the officers for delay in making payments. At the Broadway Trust Company's institution about seventy-five people were also in line constantly. Paying off was conducted as rapidly as pos= sible. Officers declared the firm solvent and able to meet all demands. A report that a run nad started on the Mechanics' and Traders' Bank, which was circulated several times last week, was revived today. Investigation shewed only about thirty persons in the banks. Most of these were making deposits. At both the Broadway Trust Company and North Bank officials stated deposits were being made to almost as great an extent as withdrawals.

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Stock Market Strong and Advances All Along Line. Engagementof$9,000000 From London Helps Some. NEW YORK, Oct. 28.-A general restoration of confidence was indicated by the banking situation, following the improvement during the opening hours of business today. The stock market was strong under buying orders from London and advances of from one to three points were made in all active dividend-paying stocks. The engagement of $9,000,000 of gold by New York banks for immediate importation from London gave much strength to the situation. The action of clearing houses in various cities in following the lead of New York in deciding to issue clearing house certificates was looked upon as a measure of safety and conservatism. The Lincoln Trust Company and the Trust Company of America paid all comers, and their lines were by far the smallest since the runs began. Minor Runs Started. Minor runs were started today on two smailer financial institutions. At the Northern Bank of New York, at Broadway and Fourth street, about seventyfive people were constantly in line. The bank officials saw to it that all the frightened depositors were allowed in the bank out of the rain and they were paid off as rapidly as possible. Lack of sufficient small bills was given as an excuse by the officers for delay in making payments. At the Broadway Trust Company's institution about seventy-five people were also in line constantly. Paying off was conducted as rapidly as possible. Officers declared the firm solvent and able to meet all demands. A report that a run nad started on the Mechanics' and Traders' Bank, which was circulated several times last week, was revived today. Investigation showed only about thirty persons in the banks. Most of these were making deposits. At both the Broadway Trust Company and North Bank officials stated deposits were being made to almost as great an extent as withdrawals.

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the world that our laws protect the investor as well as those of other civilized countries. This is the presi- dent's policy. He should be supported in this work."

### No Trace of Distrust.

New York, Oct. 28.-Prosperity, solid financial institutions, no trace of dis- trust or uneasiness, normal business conditions, no fears of trouble-these phrases sum up messages received by a newspaper here from presidents of trade organizations in Boston, New Orleans, Atlanta, Denver, Galveston, Milwaukee, Cincinnati, St. Louis, Min- neapolis, Cleveland and other cities.

### Secured All Gold Offered.

London, Oct. 28.-The United States secured all the bar gold offered today in the market, totalling near $5,000,000. The price paid was $19.50. This is 3½ cents higher than previous quotations, indicating the keenness of the compe- tition. Both Paris and London bid against the United States.

### Copper Jumps Up.

London, Oct. 28.-The confidence felt here in the general soundness of the fin- ancial situation in the United States was further evidenced at the opening of the stock exchange this morning when American rails were pushed up 2 to 3 points over parity, a fair amount of business being transacted. The cer- tainty of a drain of gold from here to New York, however, affected the con- sols and other gilt edge securities. Dis- counts remained firm and the fears of dear money prompted the selling of consols, which early in the day declined 5-16. In some quarters it was thought that the Bank of England's rate of discount might be raised today but the absence of an advance at noon caused a recovery of ⅛. Copper shares ruled strong on a sud- den increase of over $15 per ton in the price of the metal.

### Stock Exchange Still Closed.

Pittsburg, Pa., Oct. 28.-It was de- cided not to open the stock exchange at a meeting of the board of directors this morning. Just when the ex- change will resume transactions is not known. Another meeting of the di- rectors will be held tomorrow morn- ing. It is the belief in some quarters that the exchange will remain closed throughout the week. Aside from the suspension of the exchange there is nothing worthy of mention in the local financial situa- tion.

### Depositors Less Anxious For Money.

New York, Oct. 28.-The Lincoln Trust company opened for business this morning as usual. The line of waiting depositors was much smaller than at the opening hour of Saturday. At the Northern bank, a state in- stitution, at 693 Broadway, there were 60 persons in line at the opening hour. The stock market had a strong op- ening, all the principal active stocks selling at sharp advances over Satur- day, but with very light transactions recorded. The greater advances were in Sugar, Northern Pacific, American Smelting. Westinghouse Electric, To- ledo, St. Louis and Western preferred and Amalgamated Copper. Business came almost to a standstill after a few minutes, but the market retained a steady tone. Additions to the sharp advances were made when more stocks came into the quotations, but the general level of the active list did not rise.

### Improvement at Providence.

Providence, R. I., Oct. 28.-Banking conditions had a normal appearance to- day. At the beginning of business there was no evidence that any of the savings institutions would be subjected to an unusual number of withdrawals.

### Gold Imports Increased.

New York, Oct. 28.-Lazard Freres in- creased their engagement of gold made today to $2,000,000. This makes a total of $11,500,000 engaged for importation since the gold import movement began last week.

### Puts Up the Rates.

Boston, Oct. 28.-The Boston Clearing House association today decided to is- sue clearing house loan certificates bearing interest at 7.3 per cent. The high rate of interest is for the purpose of retiring the certificates at the earli- est possible date. The New York rate is 6 per cent. The loan committee of the clearing house will pass upon collateral and ap- prove the issue of the certificates at 75 per cent of the market value of the securities. Leading bank officials declared today that the adoption of the clearing house certificates for the settlement of bank balances was solely as a precaution against the withdrawal of money by persons desiring to hoard it or to take advantage of high currency rates in other cities.

### Had Only $8,000 in Cash.

Kansas City, Mo., Oct. 28.-The Bankers Trust company was taken in charge by W. C. Irwin, who had been sent here by Secretary of State Swanger. The bank closed upon the advice of Mr. Irwin and it will liqui- date. He said the concern had been planning for several weeks to liquid- ate and under ordinary conditions.

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UPTOWN BANKS QUIET

Runs Practically Over - Closed Places to Open Soon. Everywhere, uptown and in Harlem. yesterday the bank situation was so decidedly improved that the lines outside some of the institutions attracted little attention. The banks opened and closed at the usual hours and paid all waiting depositors. The lines were longer than ordinarily, but they hardlly constituted "a run." There was an absolute absence of excitement. At the Lincoln Trust Company, in Fifth avenue, around which has centred most of the interest uptown in the last week, there were waiting about sixty persons at the opening hour, most of whom had been there through the wet night before. Most of them were messengers, holding places. Each bore a number, and when the company opened its doors took his place in line accordingly. No. 1 was A. Y. Cornell, who would not say whom he represented. He drew out $75,000. it was said. Payments were made more rapidly than heretofore. Mr. Phillips said at the close of the day that he was much encouraged by the improvement in the conditions. He believed the excitement about over. At a late hour last night fifty-flve persons were in line at the Lincoln Trust Company, where they were holding an all night vigil waiting for the opening this morning. Most of them were equipped with raincoats or blankets and all were doing their best to keep out of the way of the rain that was pelting down. As many as were able grouped under the big portico in front while those who were crowded out of this shelter held an "overflow" meeting under the entrance to the Cafe Martin, which is next door. There were only thirty-five in line at the branch of the Lincoln Trust Company at Broadway and Lispenard street. The crowd at the Broadway Trust Company was much emailer than on Saturday, there being not more than seventy-five in line yesterday morning. The depositors obtained their money at once on presentation of their checks. At the end of the day there were only six left In the line. Charles H. Hyde, one of the directors of the company, said that it would continue to meet all demands. The excitement that prevailed at the Northern Bank on Saturday was entirely lacking yesterday. There were about sixty depositors there at the pening. and all were promptly paid. The Harlem Savings Bank, which has been the crux of the Harlem situation, presented an encouraging improvement. About one hundred depositors were there to draw small amounts yesterday morning. None drew more than $100. while among the forty who came to deposit money was one who put in $800. All appearances of a run were gone by noon. The officials of the Hamilton Bank. United States Exchange Bank and Twelfth Ward Bank, all in 125th street and which are in the hands of bank examiners, hope to resume business in a few days. The run on the Dollar Savings Bank, in The Bronx. had spent its force last week, and yesterday the line never numbered over sixty persons.

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MONTGOMERY IN COURT TWO MORE INDICTMENTS

Charge Former Hamilton Bank Head with Larceny of $49,400. William R. Montgomery, former president of the Hamilton Bank, which suspended in the panic of 1907, and was reorganized later as the Northern Bank, pleaded not guilty yesterday to two indictments charging grand larceny before Justice Fitzgerald, of the criminal branch of the Supreme Court. One alleged the larceny of $45,000 and the other of $4.000. He gave ball in the sum of $7,500 on the first charge and $2,500 on the second for an appearance on May 12. There are three other indictments pending against Montgomery, one for grand larceny, found about ten days ago, and two charging misdemeanors. found a year ago. The latter have not been prosecuted because the principal witnesses cannot be found. The Hamilton Bank, which had branches in The Bronx, with its main offices in West 125th street. suspended on October 23, 1907, four days after Mr. Montgomery had been elected president. It was said yesterday that the bank. through Mr. Montgomery's acts, assumed obligations amounting to more than $265,000. These were secured by property in The Bronx, which was sold two weeks ago for $245,000. E. C. Kindleberger, Assistant District Attorney, who had charge of the case upon which the indictments were found, said that Montgomery submitted a proposition to the bank's directors for a loan of $135,000 to the Bronx Mortgage Company, since failed, of which John Monoghan, a clerk in a municipal court, was president, and John M. Cantwell, a real estate dealer, at No. 22 East 177th street, was secretary and treasurer. Mr. Kindleberger said that Mr. Montgomery told the directors that the company owned property in The Bronx free and clear valued at $75,000. The $135,000 was to be used to erect thirty houses. The directors decided to lend the money on the building loan plan. $4.500 on each house. to be paid to the company as follows: $1,500 when a house was inclosed. a second payment when the brown coat was placed. the third when the standing trim was up. and the remainder when the house was completed Mr. Kindleberger said that the Bronx Mortgage Company did not own the property when the loan was applied for. having only an option. It is asserted that the full amount $135,000. was placed to the company's credit. and that on June 5. 1907. $70,000 was drawn out, and on June 11 the $65,000 remaining was taken Title to the property was not passed to the company until June 17. The option payment was $5,000. and $45,000 additional was paid to get title leaving $25,000 on mortgage. Bail was furnished yesterday for Mr. Montgomery by Clement H. Smith. of No. 460 Tremont avenue. Mr. Montgomery is under $10,000 bail on the other charges. The second indictment yesterday was in connection with a loan of $4,400 on notes given by Charles MeEwan, nominal head of the Mimford Realty Company. It was charged that Montgomery told McEwan to organize the company and said that its notes would be accepted by the bank. Mr. Montgomery is at present employed by a Wall Street house.

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BANK IS SEIZED

Institution With Deposits of $6.000,000 Is Shaky. New York, Dec. 27.-The Northern bank of New York at 215 West One Hundred and Twenty-fifth street, which has several branches in Harlem and the Bronx, was taken possession of today by Superintendent of Banks Chesney. The institution has deposit. aggregating over $6,000,000. The Northern bank was formerly known as the Hamilton bank, which had difficulties during. the panic of 1907. Today's closing of the doors was no surprise to those who had known of the bank's condition. The suspension is regarded as unimportant. In a statement regarding the bank's suspension, Superintendent of Banks Cheney said that an examination of the institution had disclosed certain irregular transactions that have taken place during the time the examination has been in progress. The institution has a capital of $700,000 and a book surplus at the time of its last published statement, November 10, 1910, of $185,965.11. Its deposits at that time were $6,912,582.62.

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BANK IN NEW YORK CLOSES ITS DOORS Police Called Out to Prevent Rioting by Depositors. NEW YORK, Dec. 27.-The Northern Bank of New York, at 217 West 125th street, capitalized at $700,000, and having nins branches in various parts of the city, was closed today by State Superintendent of Banks Cheney. No reason was given for the closing. A perfunctory notice was posted on the doors of the bank this morning, and soon afterward crowds began gathering in iront of the place. A- number of depositors were in the crowds, and the police were called to the scene to prevent disorder. The Northern Bank of New York sprang into existence after the failure of the Hamilton Bank, which is said to have made heavy loans to the Heinzes. The officers are: President, Frank L. Grast, formerly at the head of the Hamilton Bank; vice presidents, Henderson M. Wolf, Martin McHale, Frederick D. Ives, and H. H. Bizallion; cashier, William L. Brewer. The failure was the most sensational since the days of the 1907 panic. Rioting broke out about the Port Morris branch in 138th street this evening and the police reserves had to charge the mob of men and women who were surging about the bank clamoring for their money. But the Port Morris branch was not the only one which saw lively scenes and police action. By noon practically all the branch institutions were under police guard to hold back the excited and angry depositors. The bulk of business had been done with small traders, many of whom deposited all their Christmas receipts last week.

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NORTHERN BANK OF NEW YORK State Superintendent of Banks Takes Possession of It. New York, Dec. 27.+-The Northern Bank of New York at 315 west One Hundred and Twenty-fifth street. which has several branches in Harlem and the Bronx, was taken possession of today by Supt. of Banks Chency. The Institution has deposits aggregating over $6,000,000. The Northern bank was formerly known as the Hamilton bank which had difficulties during the panic of 1907. Today's closing of the doors was no surprise to those who had known of the bank's condition. The suspension is regarded as unimportant. In a statement regarding the bank's suspension Supt. of Banks Cheney said that an examination of the institution had disclosed certain irregular transactions, that have taken place during the time the examination has been in progress The Institution has a capital of $700,000 and a book surplus at the time of its last published statement Nov. 10, 1910, of $185,965.11. Its deposits nt the time were $6,912,582.62.

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Northern Bank and Nine Branches in Hands of Supt. of Banks. It Has Deposits Totaling Nearly Seven Million Dollars-"For the Benefit of Depositors" and Because of "Certain Irregularities" the Reasons Assigned for Action. By Associated Press. New York, Dec. 27.--The Northern Bank of New York, with deposits at its nine branches of $6,912,582 at the time of the last published statement, was closed today by State Superintendent of Banks Cheney "for the benefit of depositors," because of "certain conditions," and also "certain irregular transactions." An inventory of the assets and liabilities are under way. No further statement by Cheney will be available until this is completed. The facts will probably be presented to the grand jury tomorrow. Joseph Robin, chairman of the executive committee of the institution and a shareholder and director in many other corporations, is in a private sanitarium, where he was committed Saturday at the request of his sister. James Gifford, one of the directors, said tonight that the physicians diagnosed the case as acute paranoia. It is said that Robin tried to suicide Saturday night, but was restrained by a nurse. State Superintendent of Insurance Hotchkiss said tonight that the capital Aetna Indemnity Company, with which Robin has been connected, IS seriously impaired by his manipulations. Officers of the company say that now Robin has been eliminated from the stock and the control and progress of the company will continue undisturbed.

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The Northern bank in New York City, which has been closed, is the same bank under the name of Hamilton bank, which was closed during the panic of 1907. Apparently, it was rebuilt on none too secure a foundation.

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when they came to work Under the examiners orders the uniformed watchmen of the branches stood outside the closed doors to explain matters and no one was let in except the managers People who had safe deposit boxes in the bank and Its branches found themselves temporarily cut off from their valuables. For the most part the crowds about the doors were orderly. although occasionally an angry depositor would pound on the door and proclaim gis wrongs to any one not too busy tolisten There were many women. and some of them were rather hysterical whenthey learned that they could not get at their money At one or two of the branches it was thought necessary to call in a squad of police to handle the crowd. PLUNKITT GOT IN TO ASK ABOUT $33,000. Among the disgruntled depositors was former State Senator George W Plunkitt. who is one of the directors of the Northern. The man on guard tried to stop Mr Plunkitt at the door. but he forced his way in after relieving his mind with a few words When he camê out he said: "Things look pretty rotten to me and they tell me that it will be several days before they know how the bank stands Ihave $25,000 of my own money on deposit and $8,000 of the money of the children of the late Judge Kelly. of whom I am guardian I had no idea that there was anything wrong with the bank and I know nothing at all about this man Robin At the Port Morris branch the efforts of Joseph Wormser, a wholesale and retail meat dealer. to make a formal demand upon the manager for $1,400 which had been taken to the bank for safekeeping late Saturday night were misconstrued by a passerby and a call was sent in for extra police protection Last night Wormser said that H C Lucy. manager of the branch. had called him by telephone late on Saturday night asking him if he wasn't going to send around his money as usual to be kept in the bank's vault Wormser said at first that he wouldn't but later he acquiesced and sent around $1. 400, most of which had come in during the day. 11 was at about midnight It when the money reached the bank was not accepted as a formal deposit. Wormser said.,but was placed in a vault. he supposed A receipt was given him When he heard that the bank was in trouble he went aro and and knocked at the door Nobody came. Then he climbed on the stone coping beneath a window sill and banged on the glass. A clerk opened it a few inches and then Wormser asked for his $1,400. He said last night that he did it merely for form's sake, but Capt. Post and some men came running from a police station. hearing that there was trouble Wormser had gone away before they arrived. He said last night that six other tradesmen in that part of The Bronx had sent money around late on Saturday night too. A crowd of gypsies camped on the shores of the Bronx River hung around the Tremont branch at 505 Tremont avenue all day They were depositors in the bank. they said. and couldn't understand why they weren't allowed to get at least some of their money. At the Twenty-third street branch the crowd was large and insistent E. M O'Reilly the manager there, brought in hundreds of depositors when he took charge. Most of these were shopkeepers. whose proceeds from the holiday trade are on deposit. At all of the branches and at the main bank the examiners in charge sent back all deposits which came in the morning mail. DIRECTORS AND FINANCIAL STATEMENT The officers and directors of the Northern Bank of New York are Frank L. Grant. president: Henderson M. Wolf. Martin McHale and Frederick D. Ives. vicepresidents, and directors. William H Birkmire, George F. Brown. John J. Clancy. Frank L. Grant. Frederick E. Grant. James M. Gifford. Augustus F. Holly. Thomas Kelly. Frederick D. Kilburn. Martin McHale. Edward M. Morgan. Thomas F Murphy. Charles A. O'Donohue. Leo A Price, George W. Plunkitt. Joseph L. Heiling. Adolph Riesenberg. Joseph G Robin. Jacob C. Simon. Anthony Stumpf. James T. Wood. William P.

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BANKER ROBIN ATTEMPTS SUICIDE Banker Robin of the suspended Northern Bank of New York attempted suicide yesterday morning by swallowing Hyoscin, the deadly poison Dr. Crippen is supposed to have given his wife, Bell Elmore. He started to the court room to face arraignment perfectly calm although knowing he had swallowed the deadly poison. Before reaching the court room he collapsed, saying: "I'm a dead man; I've taken poison tablets." His life is in doubt. His vitality is depended upon to pull him through. The prompt work of physicians is all that has kept him alive to date.

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ROBIN IS IMPROVING

New York, Jan. 2.-The condition of Joseph G. Robin, director of the suspended Northern Bank, who took poison in the office of the district attorney last Friday while awaiting arraignment for grand larceny, was reported improved today. Robin is confined in the prison ward of Bellevue hospital.

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ROBIN IS REVIVING New York, N. Y., Jan. 3.-The condition of Joseph G. Robin, director of the suspended Northern Bank of New York, and who took poison in the district attorney's office Monday. while waiting arraignment, is reported as being much improved. Robin is confined in the prison ward.

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Banker Robin Lodged in Tombs HIS COUNSEL DECLARES ROBIN IS PENNILESS. BAIL FIXED AT $40,000 Which Was Not Furnished-Hearing on Petition to Have Him Declared Insane Was Set for Today. New York, Jan. 4.--Joseph G. Robin banker, promoter and financial operator of large undertakings, was lodged in the Tombs today on an indictment charging him with stealing $80,000 from the Washington Savings bank, of which he was president. On his plea of not guilty bail was fixed at $40,000, which was not furnished. Robin's counsel, former District Attorney Jerome, told the court that his client was without a dollar in the world. Client Without a Dollar. Jerome made no effort to delay arraignment on the indictment and offered no defense, but strenuously resisted the raising of bail from $25,000 set at the time of the banker's arrest. "This man is without a dollar," the attorney said. "Not a penny of the money alleged to be stolen was applied to his personal benefit. He did not save anything to get away on." Jerome declared that his client had attempted suicide without knowing what the indictment against him charged. "It was due to desperation brought on by physical pain," he said. Hearing on the petition of Robin's sister, Dr. Louise Robinovitch. to have him declared insane is set for tomorrow. The banker was subjected today to a trying mental examination by alienists employed by the prosecution They made no report of their findings reserving it for the hearing. Several friends of the prisoner appeared after his commitment with offers of bonds for his release. The district attorney announced that he would take the full forty-eight hours allowed by law to examine the security offered. In the meantime the man whose operations are alleged to have caused the suspension of the Northern bank will remain in prison awaiting action in his sister's petition to have him adjudged insane. Robin's Property to Be Sold at Auction. Port Jefferson, L. I., Jan. 4.-Cattle, implements and machinery of Driftwood farm, owned by Joseph G. Robin, the indicted New York banker, will be sold at auction next Friday, ahcording to an advertisement published today by direction of Dr. Louise Robinoviteh, his sister. The farm is located at Baiting Hollow, L. I.

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MERE-MENTION.

The owners of the Bagley Ray peach orchards, including 50,000 trees, near Americus, Ga., have decided to cut the trees down and plant the ground in cotton, because they have found that although they are able to produce fine fruit in immense quantities they are unable to get the fruit on the market at a profit A fire, the orgin of which has not been ascertained, destroyed thousands of pension records in the office of the United States pension agency in the pension building at Washington, last Friday A Savannah dispatch says that the turpentine market last Friday reached 82 cents a gallon, the highest price on record. Rosin is also at the highest price it has reached in the history of the market Large numbers of negro laborers have been run out of the neighborhood of Ashburn, Ga., by posting of notices warning them that if they remained they would be lynched. The farmers have tried to assure the negroes that they would be protected; but these assurances have failed to reassure... Frank Caffyn, a Wright aviator, has opened a training school for flying at Augusta, Ga The Southern Pacific railroad is having a lot of trouble with snow in the Sierras. The snow drifts are said to be higher than they have been for twenty years The Washington general assembly is considering the abolition of the death penalty for murder and treason Mrs. Laura Farnsworth Schenck is on trial at Wheeling, W. Va., charged with poisoning her husband, John O. Schenck. The grand jury investigating the failure of the Northern Bank of New York city, of which John G. Robin was president, is proving so vigorous in its work, that several of Robin's co-officers have asked the prosecuting attorney to be allowed to turn state's evidence, in a effort to save themselves Two soldiers, members of Co. E, Seventeenth infantry, have been indicted at Atlanta, Ga., on charges of assisting prisoners to escape from the Fulton county jail ten days ago... Two men were killed by the collapse of a building at Norfolk, Va., Saturday. Five Southern Pacific trains are stormbound on the Sierra mountains of California by the worst snow storm in many years A deadlock of the New York legislature is probable as a result of the selection of John F. Sheehan by Charles Murphy, the Tammany leader, as a successor to United States Senator Depew The Republican and Democratic members of the West Virginia senate are deadlocked over the organization of that body Students of Georgetown and George Washington universities to the number of 100 have served notice on the faculties that they will not attend medical lectures if attended by the negro students of Howard university The battleship Arkansas, having a displacement of 26,000 tons and carrying twelve 12-inch guns, was launched at Camden, N. J., Saturday. The Arkansas is the most powerful vessel of the Dreadnought class yet built Six persons were killed in a New York Central railway wreck at Batavia, N. Y., Friday morning Franz Lovinski, an aged Polish Canadian farmer, was killed Friday night and his log cabin robbed of $10,000 in cash, which he was known to have in his possession.

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New York, Jan. 24.-Charging that J. P. Morgan and other big financiers were trying to railroad him to the asylum to prevent him disclosing what he knew about frenzied finance in New York, Joseph Robin, the alleged wrecker of the Northern bank, caused a big sensation today when he appeared before Federal Commissioner Alexander in connection with the appointment of a receiver in bankruptcy. Robin who tried to suicide when arraigned for misue of the banks funds declared the trouble between himself and the Carnegie Trust company were directly caused by Morgan, When he appeared in court Robin shouted: "They say I am crazy and ought to go to the asylum. If they will examine the records of the state banking department and of the Carnegie Trust company and will force the ex-officials of that company to tell the truth they will soon be shown how business concerns are forced to the wall so that the big interests can pick up bank bargains." Robin asserted that the carnegie officials were always notified in advance when an inspector would call so all illegal transactions could be covered.

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NAME RECEIVER FOR THE CARNEGIE TRUST CO. HEAD Bankruptcy Suits Also Brought Against Directors of the Concern. NEW YORK, April 12.-Three involuntary petitions in bankruptcy aggregating $13,500,000 were filed here today against three officers of the failed Carnegie Trust Company, now in the hands of the State superintendent of banks. The respondents are William J. Crimmins, president of the trust company: Charles Arthur Moore, jr., and Martin J. Condon, directors. Their financial status is given in the petitions as: Cummins, liabilities $5,000,000 and assets $400,000; Moore, liabilities of $2,000,000 and assets of $100,000; Condon, liabilities of $6,500,00 and assets of $500,000. Payson Merrill was named receiver for all three, under bonds of $10,000. T' creditors who appear are: Hermann C. Brewster, $30,000; Herbert Hatfield, $9,644, and James S. Watson, $80,000, all for money loaned. They allege against Cummins in their petition that preferential payments have been made since he became insolvent and that there has been transfer and concealmeit of considerable property with intent to hinder delay and defraud creditors. The lawyers for the creditors are Samuel J. Koenig, formerly secretary of State for New York, and Parsons, Closson & McIlvaine. Mr. Koenig said that the actions filed by him and his associates were not brought against the respondents as directors in the Carnegie Trust Company, but as individuals. $6,000,000 in Claims. "These claims have been presented for payment," he continued, "and though not refused, nevertheless they have not been paid. The creditors are numerous, and their claims will aggregate certainly $6,000,000, and probably more. In order to protect themselves fully they have filed in some instances duplicate claims, which accounts for the larger aggregate amount appearing in the papers." The Carnegie Trust Company, long on the edge of failure, was thrust over the precipice by the failure and indictment of Joseph G. Robin, president of the Washington Square Savings Bank and an officer closely connected with the Northern Bank of New York, which also failed. The publication of the proceedings taken by the State Banking Department against these two banks showed that Robin, who had formerly been a director of the Carnegie, had given it his paper for large amounts even after his resignation, and the mere shadow of his name was sufficient to bring on a run which the bank could not withstand.

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Three Involuntary Petitions Which Aggregates $13,500,000 Filed in New York MERRILL IS RECEIVER Big Creditors Listed-Action Not Against Respondents as Directors of Carnegie Trust. New York, April 12.-Three involuntary petitions in bankruptcy aggregating $13,500,000 were filed here today against three officers of the failed Carnegie Trust Company, now la the hands of the State superintendent of basks The respondents are William J. Cummins, president of the trust company, and Charles Arthur Moore Jr, and Martin J. Condon, directors. Their financial status is given in the petition as: Cummins liabilities $5,000,000 and his assets are $400,oco; Moore liabilities $2,000,000 and assets $100,000 and Condon liabilities $6,500,000 and assets, $500,000. Payson Merrill was named receiver for all three under bonds of $100,000. Only three petitioning creditors ara named, which is all the law requires. Their lawyers said that nrany more are associated with them. The cred_ itors who appear are Herrmann C. Brewster, $30,000; Herbert Hatfield, $9,644, and Jas S. Watson, $80,000 all for money loaned. They allege in their petitions against Cummins that preferential payments have been made since he became insolvent and likewise there has been concealment of considerable property with intent to hinder and defraud creditors. The actions were not brought against the respondents as directors of the Carnegie Trust Company, but as individuals. The Carnegie Trust Company, long on the edge of failure, was thrust over I've precipice by the failure and indictment of Joseph G. Ro pan, president of the Washington Savings Bank, and an of. ficial closely connected with the Northern Bank of New York, which also failed. The publication of proceedings taken by the state banking department against those two banks showed that Robin, who had formerly been a director of the Carnegie Trust Company, had given it his paper for large amounts even fter his resigna tion, and the mere shadow of at and name was sufficient to oring run which the bank could not withstand.

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GRAND JURY TO RESUME Andrew Carnegie Shows New Interest in Namesake's Affairs. The grand jury. which is investigating the affairs of the Carnegie Trust Company, will resume its hearings to-day. and more indictments are expected by the end of this week. With the resumption of the Investigation came the report that Andrew Carnegie, who had at first declined to render any aid to the company that bore his name. had exhibited a renewed interest in its tangled affairs and was considering a plan for buynig its assets. so that the depositors' and other claims against the institution might be satisfied. As a token of his real interest he is understood to have asked for a list of the securities and properties which he would have to take over if he did decide to rescue the Carnegie Trust Company, together with an estimate of their probable value. From this list the estimate was made that with a basis of $3,000,000 in cash the claims against the Carnegie Trust could be settled in full, and Mr. Carnegie has been advised that if he would weed out the poor properties from the good he could probably make about 4 per cent interest upon such an investment. The list includes the bonds of the Platt Iron Works, of which he already holds the stock, and the bonds of Cummins's Tennessee concerns, among which is the CumminsBennett company. which is said to be a good going concern, with big possibilities if properly handled As to the offers by the Assets Realization Company and the syndicate headed by E. Clarence Jones, the State Banking Department has not been satisfied with either, and it is believed that they are now working over amended proposals. If either of these offers when amended should be adjudged of sufficient merit by Superintendent Cheney of the State Banking Department, he would submit them to the depositors' committee and to the court for final judgment. The C. S. Eaton loan of $10,000 was paid yesterday to Receiver Egbert, and a rough estimate of the $400,000 worth of paper indorsed by Patrick J. Keiran and his Fidelity Funding Company was made. on which It was said that any one who bought the assets of the Carnegie Trust Company would probably be able to realize not more than $125,000. The 50 per cent dividend to be received by depositors of the Northern Bank will be paid on and after to-day by drafts drawn on the United States Mortgage and Trust Company's branch. at 125th street and Eighth avenue.

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9,580 shares Northern Coal Co., Ltd., of New Brunswick, Canada; 39,936 shares Kent Coal Co., Ltd., of Maine; 44,875 shares Crown Coal Co., Ltd., of Maine; 34,950 shares Great Northern Coal Co., Ltd., of the Province of Nova Scotia, Canada; 41,201 shares Great Northern Coal Co. of Maine; 960 shares North Shore Railway Co. of the Province of New Brunswick, Canada; all of the right, title and interest, if any, of said defendant corporation in and to 49,950 shares of the common capital stock of the Maritime Coal Co., Ltd., of the Province of New Brunswick, Canada; all claims of said defendant corporation against any and all of the aforesaid companies for moneys advanced by said receivers to said companies; lot $10,500.

For account of Superintendent of Banks, in charge of the Northern Bank of New York, in liquidation: $45,000 bond and mortgage dated September 18, 1908, made by Elizabeth J. Heaney to Frederick K. Morris, covering premises on the northerly side of Westchester avenue, where the same is intersected by the easterly side of lands of the New York, New Haven & Hartford R. R. Co., which mortgage has been duly assigned by Frederick K. Morris to the Northern Bank of New York, $400.

The following policies of insurance on the life of Frank K. Kohler, which have been duly assigned to the Northern Bank, viz.: $5,000 The Prudential Insurance Co. of America, No. 230,519, dated September 28, 1900; $2,500 The Prudential Insurance Co. of America, No. 230,520, dated September 28, 1900, $5,000 The Prudential Insurance Co. of America, No. 230,521, dated September 28, 1900; $10,000 State Mutual Life Assurance Co., No. 46,784, dated September 25, 1897; $5,000 State Mutual Life Assurance Co., No. 53,648, dated June 15, 1899; $2,500 State Mutual Life Assurance Co., No. 59,981, dated September 28, 1900: lot $500.

By order of executors. 20 shares Royal Baking Powder Co. pref. 108 7 shares American Telephone & Telegraph Co. 148 15 shares Long Island Safe Deposit Co. 111½ 20 shares United States Steel Corporation pref. 117¾ 25 shares Nassau National Bank of Brooklyn 250 25 shares The Robert Crooks Co. of New York; per share $10 By order of administratrix. 5 shares S. R. Ball Co; lot $20 By order of trustees. 2 shares Acadia Landing of Bar Harbor, Me. (transferrable to persons eligible to ownership under the articles of association of the corporation; assessments unpaid); lot $2

For account of whom it may concern. $26,000 New Livingstone Coal Co. first mortgage 30-year 6 per cent gold bonds, due July, 1937; July, 1908, and subsequent coupons attached. $500 $31,000 American Silk Co. first mortgage 6 per cent three-year gold bonds, due June 16, 1911 23½ $47,000 Montross Bond and Realty Co. second mortgage 5 per cent bonds, due July, 1915; interest January and July 75 110 shares Montross Bond and Realty Co. pref 40 313 shares Montross Bond and Realty Co. common: lot $10 200 shares Rutland R. R. pref 40

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to lost the Cook County Illinois tax procredure and to secure publicity of their methods The roads named paid only 90 percent of the 1911 taxes and hope to get in per cell reduction If they are success. ful the benefits will be shared by all roads in Cook County Cripple Creek Again. An echo of the Cripple Creek Mining boom days in the early nineties is coming again in the form of some press work being done by a few of the interested mine ownNE who say that as a mining camp Cripple Creek is destined to be the greatest gold producing centre in the Western Hemisphere Expect Big Increase. American Hide and Leather. according to the Boston view of expectations. will show considerable improvement In earnings for this fiscal year over 1911 The margin of increase is said to be fully in per cent In 1911 the company earned $818,934, and in 1900 only $81,501 the smallest year in the company's history May Earnings Decrease. It has been many months since the New York. New Haven & Hartford system. combining all the steamboat and trolley earnings. showed a decrease for May as compased with the same period for the previous may. but that is the report for May. 1912 There were several factors which helped to account for the loss the Inclement weather causing a falling off in trolley reints and the coal strike 5,000 cars of coal were held back as a result of the strike Great Northern Earnings Great Northern is increasing its busines at such an encouraging rate that it now seems reasonable to presume that gross earnings in the current fiscal year will ceed $66,000,000 This will be an increase approximately $4,750,000. or more than per cent over the 1911 fiscal period. Splendid earnings in April in which month the gross gained $520,000 and the net rained $352,621. it is said. will be follower by an increase of $625,000 in gross for May and an increase of a little less than $500.00 In net This is very promising May Increase Dividend. here is talk of an increase in the 48 of the St Louis Southwestern Rail the coming meeting this week. idenus on a per cent basis for d preferred were inaugurated in July 409. but were increased to per cent in the following December. In January 1911. the rate was reduced to the 1 per cent basis The earnings of the road have been good and the outlook for business is excellent. 11 would not be strange if an increase made in the preferred vidend rate. Postal Banks Popular. Dispatches from Washington say that all the 7,866 postal savings offices deposits on April so were $17,200,000. While the gove-mment pays only 2 per cent per annum. tite people as a whole seem to be taking to that style of savings bank Western Drygoods. Marshall Field & Co. in their statement of the week's trade conditions say: bright outlook was given to future business during the week by an increase in sales in many lines of merchandise for fall delivery. including dress goods, blankets, outing fannels, linings. hosiery underwear. lace curtains and other drapery, fabrics, etc Favorable weather stimulated retail selling In all seasonable lines Wholesalers were busy during the week arranging for preInventory sales for the first half of next week Heavy sales are anticipated then. as merchants bought lightly out of season and retail selling has been greatly retarded by weather conditions Values offered will Insure stocks from being well cleaned up before inventory. Increase of Gold. The gross production of the Yukon Gold Company is as follows: 603,100 cuble yards dredged. with an average recovery per yard of 81 cents. Value of bullion produced. $490.300 Comparing this with the production of May, 1911. 505,500 cuble yards were dredged average per yard, 53 cents. The value of bullion is estimated at $270,400. Condition of Steel Industry. From Chicago comes the report that the highest capacity of new steel business for the several days of this month and for May has been reached. and the result is 10 ed on as being very excellent, particula in the railroad department. Urgent inc. easing demand for track fastenings and lig rails has caused prices to advance steadily from $1 to $2 a ton during the last ten days or so--primary fact that the industry is in a very substantial condition. The volume of current business in bars, plates, structural and railroad material is far abr ve expectations, and It is said that pri OF hold firm. The new structural contra ts for the week just ended are repot d to be not so encouraging Heavy Losses Not Paying. " he Boston Post says the Boston ele. va d in the present strike will have exde ded to date over $62,000 The approximake cost a day to continue this strike will be 10,000. It is the intention of the elevat , company to spend $1,000,000. If necessary in order that the strikers may be beaten New Receiver Appointed. other change has been made in the recc. ership of the Northern Bank of New To and some new blood will be put into the attempt to wind up the affairs of this for er Robin institution by Charles A. The ne, who succeeds George B. Williams By be time the receivership costs are flgurer up there may be little left to pay stoc sholders the remainder now due. Getting Near the Time. It is about time for some bulling of Vul. can Detinning to begin, as the suit of that company against the American Can ComDan / to recover about $700,000 is expected at 10 distant period in the future. Vulcan Detinning has had several spasms of advancing prices on the prospects of this suit. and the stock has gone bounding up. and then, alas! it came rolling down so fast the bids could not be caught. The specialist in the stock was difficult to 10. cate when the booming was over. Showing Excellent Earnings. The directors of the North Butte Mining Company will meet June 19 to act

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BEGIN HYDE TRIAL IN GOFF'S COURT Former City Chamberlain of New York Faces Bar After Delay. NEW YORK, Nov. 20.-Justice Goff's court, which has just completed the notable trials of Police Lieutenant Charles Becker and the four gunmen-slayers of Gambler Rosenthal, today was the stage for the opening of another legal drama of country-wide interest. The case is that of Charles H. Hyde, former city chamberlain, who is charged with having corruptly compelled Joseph G. Robin, former head of the Northern Bank, to lend the Carnegie Trust Company $130,000 by threatening to witrdraw all the city funds from the Northern Bank. The indictment against Hyde was found by the grand jury on May 1. 1911. When the case was called John B. Stanchfield, counsel for, Hyde, moved for an adjournment, but Justice Goff denied the request and the examination of telesmen was begun. The principal witness against Hyde is Robin, who has pleaded guilty to grand larceny in that he stole funds from the Washington Savings Bank, and has been in the Tombs for twenty-two months. Robin will get a suspended sentence for his work in building up the case against Hyde and Banker Cummins. The penalty in Hyde's case in the event of conviction may be $5,000 fine, or ten years' ihprisonment, or 56th. Hyde, for 22 years a close personal friend of Mayor Gaynor and for many years his law partner, was appointed to the post of city chamberlain, the highest salaried office within the gift of the mayor, soon after Gayner's election. In the fall of 1910 Hyde's name came prominently before the public, when it was charged in a criminal trial that he had taken part in the distribution of a $500,000 corruption fund raised to beat the race-track bills then pending. Hyde was sought as a itness, but he suddenly disappeared from public view early in December. and for more than fifty days was not to be found. Rumors placed him in Florida, where he was said to be living in his houseboat, the "Stop a While." He was not found until January 16, when he returned to his office and went to work. Meanwhile the Northern Bank, of which Robin was director, had failed. The failure of the Carnegie Trust (Continued on Second Page.)