Skip to main content
The largest online newspaper archive

The Brooklyn Daily Eagle from Brooklyn, New York • Page 1

Location:
Brooklyn, New York
Issue Date:
Page:
1
Extracted Article Text (OCR)

1 1 1 18 1911 THE BROOKLYN ND DAILY EAGLE months. exchanged CUT JUNE Credit, THIS 15, within redeemed 1911. OUT. Coupon six or UR O'CLOCK. Volume No.

165 72. NEW YORK CITY. THURSDAY. JUNE 15. 1911.

28 PAGES. THREE CENTS. AR TRUST REBATES ZEN TO SUBORDINATE, SAYS LOWELL M. PALMER Havemeyer Drove Brother Out of Firm for Making Advantageous Rate Agreement RT- LOCAL REFINERIES. nite Testifies Before House nmittee-Head of the Mormon Church Called as Witness.

Washington, June 15-Lowell M. Palmer of Brooklyn, formerly a director of the American Sugar Refining Company, was a witness to-day before the House Committee that is investigating the Sugar Trust. Before getting to his services as a director, Mr. Palmer told about his work for the company in arranging traffic rates. He took up in detail the so-called Lowell M.

Palmer. "Reilly letters," which appeared in a grand jury investigation in New York. "On occasion when rebates were being riven to others, Reilly, my subordinate, generally got what was coming to us," explained Mr. Palmer. The witness said that in 1886, H.

0. I vemeyer drove Theodore A. Havemeyer out of the firm of Harris Havemeyer of Philadelphia, because Theodore had made an advantageous rate agreement with the Pennsylvania Railroad. This agreement, he said, was harmful to the Brooklyn reAneries. Former Senator Depew, he said, was the only man now living who knew of the manner in which the New York Central had come to the rescue of the at times.

The First Sugar Combine in 1887, A description of how interests were brought together competing, first sugar combination in 1887 was given by Mr. Palmer. The witness said that H. 0. Havemeyer came to his offce to talk over sugar matters.

"He said that Searles and Theodore Havemeyer were "crazy" into a combination," declared Mr. Palmer. "He said he was not, 80 'crazy' unless he could get the Harrisons of Philadelphiathe Harrisons were keen sugar men--and Captain Thomas of Boston. El very wealthy worth, say, about 000 or $40,000,000, and president of the Standard Sugar Refining Company, at Coston, to go into it with him. He said Theodore would try to get the Harrisons, and he offered to give me $100,000 if I would get Captain Thomas "Did you get him?" inquired Representative Madison.

"I went up and spent the afternoon with Captain continued the meyer. He said he thought he could get witness. "His objection was H. O. a Havealong with Searles and Theodore, but he was not so sure about H.

O. I told him that H. O. was the best men of the three. Finally he came in." "Did H.

0. tell you what the object of the combination was?" "No, he never talked much." Head of Mormon Church Summoned as Witness. Joseph F. Smith, head of the Mormon Church, has been summoned to appear before the committee to tell what he knows of the formation of the UtahIdaho Sugar Company, a combination. Senator Smoot of Utah made an unsuccessful effort to' have the Mormon president excused, insisting that Thomas R.

Cutler of Salt Lake, could supply all the information desired from Mr. Smith. The committee, after considering matter, decided that Mr. Smith should appear in person. "Senator Smoot of Utah asked me to submit to the committee a request that Mr.

Smith be excused from testifying fore the committee on the ground that Thomas R. Cutler knows everything that Mr. Smith can possibly testify to, and more, too." explained Chairman Hardwick to the committee to-day. "I told Mr. Smoot that while the "list of witnesses had been arranged by a sub-committee and there had been no formal vote, I did not feel like taking the authority upon myself to do it.

own view is, considering the allegations in the bill filed by the government. that Joseph F. Smith is a material witness -he is one of the two or three men that the district attorney for the Southern District of New York and the attorney general of the United States have alleged were responsible for the formation of the Utah-Idano combination." Congressman Raker moved that he not be excused and the motion carried. Other prominent witnesses summoned by the committee to-day were: Alfred Harrison and Charles K. Harrison of the Franklin Sugar Refining Philadalphia; Horace Havemeyer, New York; Charles Warren.

Detroit: Chester S. Morey, Denver; John F. Harper, CleveJohn D. Spreckles and Adolph Spreckles, San Francisco. A resolution adopted in 1898 by the directors of the American Sugar Refining Company authorizing their committee to fix the price of sugar and to buy the "outside refineries at terms to be fixed at their discretion," confronted the officials of the company to-day when they appeared before the House committee.

The resolution had been found in the minute book of the company that the committee had required it to produce. Representative Madison had the resolution read as preliminary, to his examination of Lowell M. Palmer, formerly a director of the company, to follow the conclusion of the testimony of Charles BUSTED BANK PUZZLE. UNION BANK I CLOSED APRIL 1910 DEPOSITORS If a Brooklyn Assemblyman, on trying to make a speech on the floor of the Assembly on the woes of the depositors of the defunct Union Bank, gets choked and thrown into his seat by a sergeant-atarms, what will the depositors get, and when? Heike, formerly secretary of the com- pany. Heike Again Quizzed, In beginning his examination, Chairman Hardwick told Mr.

Heike he wanted to inquire into his personal knowledge and not his official relation with the American Sugar Refining Company. "Didn't you have at the time any idea of the purpose of the merger of the sugar refineries?" Mr. Hardwick asked. "I knew less then than now," replied Mr. Heike.

"Well, from your present knowledge, what would you say was the purpose?" "A large company can do business at a reduced cost." "And there is less competition?" suggested Mr. Hardwick. "Probably." Mr. Heike explained to the committee that' when he appeared before the grand jury in New York, the district attorney had notified him on what subjects he would be examined. "That has not been done in this case, and I am not so well prepared to answer your he added.

Still relying on the witness' personal knowledge, Chairman Hardwick asked Mr. Heike for his estimate of the holdings of President H. 0. Havemeyer in the American Sugar Company at the time he swayed the company. "Oh, one or two hundred shares, in his own name," was the response.

"Did his family hold more?" "Probably 2,000 shares." "Did Havemeyer ever unload any of his stock?" wouldn't say 'unload': I would say never owned much in his own name, anyway." Mr. Heike offered at one point in his testimony to tell about his indictment, growing out of the so-called sugar frauds. Mr. Hardwick stopped him, explaining that another committee. (on expenditures in the Department of Justice) probably would ask to appear before it before he got out of town.

Mr. Heike's concluding testimony stirred up a discussion of tariff policies. "I believe that each country should produce what can produce said Mr. Heike. "I am free-trader." Mr.

Hardwick asked if he would have free trade in raw sugar. "Yes. but I would take the tariff off Heike's views stirred Representative Fordney, a standpat Republican from Michigan. "I would have the duty taken off slowly over a period of twenty years," explained Mr. Heike.

h- exclaimed Mr. Fordney: "half of us will be dead by that 150-MILE UNDER WATER TRIP Seven Submarines Will Come to Surface Only to Recharge Batteries. Newport, R. June 15-Seven small but a craft left Newport harbor to-day for an under- water voyage of about 150 miles to Gloucester, Mass. The craft making this trip, which is unique in American annals, are the submarines belonging to the third submarine division of the Atlantic fleet.

The squadron is composed of the submarines Grayling flagship), Bonita, Narwhal, Salmon, Snapper, Stingray and Tarpon. As soon as the squadron had reached mouth of the outer harbor every craft submerged, only the periscopes showing above surface, as they headed eastward in the direction of Vineyard Sound. During the trip, which is expected to consume three days, the submarines, will come to the surface only for the purpose of recharging their batteries. They will put into some harbor each night, where they will rise from the depths. NO BREAD TRUST IN BROOKLYN Shults Co.

Independent of New Combination to Standardize Loaves. The combination of bread manufacturers, under the name of the General Baking Company, just announced, has not, it is said, any connection in the Brooklyn field. Secretary Taylor of the Shults. Bread Company, in speaking of the new combine as affecting Brooklyn, said: "There is absolutely no connection whatever existing between the General Baking Company and the Shults Bread Company. We operate separately and independently from this new concern, and therefore the conditions affecting the cost and the price of bread will remain the same in Brooklyn as they have in the past." At present the General Baking Company has' consolidated but one Manhattan concern, Fleischman's Vienna Model Bakery.

The twenty-one companies which have gone into the merger total no more than two in number from each city. Brooklyn is not represented in this national combine, and there appears to be no movement whatever in that direction. The ostensible purpose of this national corporation is to systematize the output of bread and to render the cost of production cheaper by the installation of modern machinery, which can only be realized through tional combination. ASKS DIX TO PARDON BULLDOGS Albany, June 15-Executive clemency for a pair of bulldogs has been asked Governor Dix by Frank S. Howell of New Rochelle, who sent the following telegram to the Governor to-day: "Brandy and Soda, French bulls, legally married, this day unlawfully impounded by local dog robbers in New Rochelle der quarantine regulations.

Bail refused by Mayor Colwell, Health Officers Codding and police authorities. Household pets. Children crying. Situation serious. Humane society powerless.

Community demands pardon by wire." The telegram was referred to the state Agricultural Department, which has over quarantines. AN EXCELLENT SPRING TONIC Calisaya, Iron and Fort. H. T. Dewey Sons 138 Fulton STOKES OUT OF HOSPITAL: STARTS FOR LONG BRANCH Physicians Say Proprietor of the Ansonia Is Not in Danger of Blood Poisoning.

GOES AWAY IN AUTOMOBILE. Lillian Graham and Ethel Conrad to Be Arraigned To-morrow for the Shooting. Accompanied by his wife and a nurse, W. E. D.

Stokes, proprietor of the Ansonio Hotel in Manhattan, who was shot several days ago by Miss Lillian Graham and Miss Ethel Conrad, in their rooms in Manhattan, left the Roosevelt Hospital this noon in an automobile, to go to his summer home at Long Branch. Physicians who have been attending Mr. Stokes daily decided to-day that the danger of blood poisoning from the wounds had passed and gave their permission to have him leave the institution. Mr. Stokes was carried to the waiting automobile.

At his side was his wife and she assisted him in getting into the machine. She sat at his side as the machine drove slowly away. This sudden departure of Stokes to Long Branch comes as a surprise to all concerned in the case, inasmuch as one the arguments advanced by Assistant District Attorney Sullivan yesterday against the efforts by the girls' counsel to have the reduced to $5,00 each, was that Stokes was still in a dangerous condition, and that his doctors testified that blood poisoning might still set in. That this argument evidently, had effect on Magistrate Freschi is shown by his refusal to make the bail its, less than $15,000. The girls' counsel, however, may appear at another hearing, to be held at 2 o'clock to-morrow afternoon, to urge further their case for the reduction of bail.

and it would seem likely that this sudden and rather long trip of Stokes would indicate that was considered to be wholly out of danger, and, therefore, affect considerably the question of a more reasonable bail. It was supposed that Stokes might possibly be removed to his hotel, the Ansonia, for convalescence, but this longer and harder trip, without warning, 18 puzzling everyone connected with the case. Stokes, If able, may appear against the irls in court to-morrow, although it. 18 believed that the case will be put over until a future date, to allow him to fully recover from the bullet wounds. PUT BULLET NEAR HIS HEART.

Doesch Quarreled With Boarding trees and Attempted to Kill Her. Gustave Doesch, an engraver, 26 years old, who boarded with Miss May Plunkitt at 62 Rockaway avenue, is dying in the Brooklyn Hospital to-day from a self-inflicted bullet wound in the left breast just over the heart. The police say that he fired two shots at Miss Plunkitt, the woman with whom he boarded, before he turned the pistol on himself, but that both of them missed her. According to the police, Doesch came home at dinner timo and immediately began to quarrel with the woman, and that the shots at her and the attempt at suicide followed the quarrel. He was taken to the hospital under arrest.

There it was said it is doubtful if he will live until to-morrow. MONARCHIST REVOLT RUMORED, Portuguese Garrison Said to Have Mutinied and Killed Commander. Madrid, June 15-Telegrams received to-day from Vigo state that a monarch1st revolution has broken out at Chaves, Portugal, and that the Portuguese garrison mutinied and killed its commander. The monarchists stormed and raided the offices of the republican newspapers in the Plaza Braga. Vigo, Spain, June 15--Reports from Chaves of the mutiny of two regiments of Portuguese troops are not confirmed.

It is learned from other sources that the Royalist plans on the Portuguese frontier did not develop as had been It is supposed here that the Royalists at Chaves planned to mutiny upon the approach of Captain Couceire, the monarchical leader, who is said to be at the head of forces near Braga. PAINTER LEFEBVRE NOT DEAD. Paris. June 15-A confusion of names resulted in the erroneous announcement last night that Jules Joseph Lefebre, the noted painter, was dead. The man who died was Maurice Lefebre, a sculptor and a son of the painter.

LOCAL WEATHER PROBABILITIES. Fair to-night: Friday, fair and warmer: moderate northto west winds to-night, becoming variable to southwest on Friday, WOMAN IN GRAVE PERIL. Stray Bullet Kills Her Dog; Another Passes Through Her Dress. Riverhead, L. June 15-Complaint has been made by Justice Hildreth that someone got very careless with a rifle near Merritts Pond last Sunday, and eame near killing Mrs.

Lawrence Kapfer, who stood in her dooryard. Two shows were fired. One of the bullets killed Mrs. Kapfer's dog, which was in the yard near her, and the other bullet went through her dress. Mrs.

Kapfer and her family seem destined to die by accident, for it was only a year or so ago that her eldest son, a you, ig boy, was killed by a live electric light wire while walking along one 01 Riverhead's streets. DIFFERENT FAITHS FAIL TO PREVENT MARRIAGE William Skidmore Marries Miss Atwood Despite Opposition. The parsonage of Grace M. E. Church, at Seventh avenue and St.

John's place, Brooklyn, was the scene of a romantic marriage at 12:30 P.M. to-day, when William B. Skidmore, 27 years old, of 361 Sterling place, whose family is prominently known on Long Island, and Miss Grace P. Atwood of 356 Eastern Parkway, whose to parents had opposed her marriage, were made man and wife by the Rev. Frederick Shannon, pastor of the church.

The ceremony was performed two and half hours after the marriage license was obtained. Young Mr. Skidmore's mother and his sister Maybelle were both present at the church, but Mrs. Atwood did not learn about the wedding until an Eagle reporter broke the news to her. The Atwoods are of the Roman Catholic faith, and their opposition was based on religious grounds.

Miss Atwood was a stenographer for Percy Williams, the theatrical man. Mr. Skidmore is a drummer for a wholesale grocery in Manhattan. The Skidmores recently moved to Brooklyn from Riverhead, L. I.

J. W. Atwood is the father of the bride. The young woman left home last week on account of the opposition of her parents. They supposed that she had gone to stay with a married sister at New London, but instead she went to the home of the Skidmores.

It was said to-day that the young woman, on account of the opposition at home, had been obliged to meet Mr. Skidmore clandestinely, as he was prevented from going to Her home. The young pair intended to leave right after the ceremony for a two weeks honeymoon to Wash' ngton, C. DIES OF A BROKEN HEART Elderly Corona Widow Soon Follows Her Husband to the Grave. Philipina Freund, 76 years old, of 63 Junction avenue, Corona, is dead at her home there, and her family and cian say she died of a broken heart, due to tle grief over for two her weeks husband ago.

who died a litThe old people had been married nearly fifty years, her husband was taken Mrs. Freund's grief was pitiful. She could not be comforted, and almost from the hour of his death she began to fail. Early this morning she died, and her family say that grief was the chief cause of death. Funeral services will be held at her home tc She is survived by two sons and a daughter.

NO REPLY BY STIMSON. Will Not Comment on Wise Statement in Sugar Probe. Eagle Bureau, 608 Fourteenth Street. Washington, June 15-Secretary of War si Stimson was asked to what reply he had to make to the statement of District Attorney Wise before the sugar investigating committee last Saturday, to the effect that the settlement between the sugar trust and the government was made by Stimson while serving as district attorney. The inference was that I if Wise had been in charge of the case he would have imposed heavier penalties on the trust.

Mr. Stimson said he did not care to reply to the Wise statement. PRESIDENT AND MAS, TAFT'S SILVER WEDDING ANNIVERSARY The President and dos Taft request the pleasure of the company of The White House on llonday evening, funo the nineteenth at nine oclock Dancing 1886-1911 On Monday, June 19, President and Mrs. silver anniversary to be celebrated In the White House. Taft will celebrate the twenty-Afth an- The invitations for the affair are apniversary of their marriage.

They have propriately engraved and printed. The coat of arms of the nation at the top of invited several thousands of guests to each in silver and invitation is 60 is the come to the White House that night to combination date 1886-1911 in the lower attend the big dance in the East Room. right-hand corner. The will be, the most The members of the Senate, Republioccasion perhaps, cans and Democrats, have united in subnotable social function given in the Taft scribing for a handsome present to the administration: It da said 10 be the Preaident and Mra. Taft.

BAXTER, BROKEN DOWN, MUST TAKE LONG REST Board of Surgcon3 From Washington Examines Naval Constructor at Yard. LEAVE OF ABSENCE LIKELY. Six Months to De Recommended. Nervous Collapse Caused by Hard Work Building Battleships. It was learned at the ofce of the Commandant of the Brooklyn Navy Yard shortly before 3 o'clock this afternoon that the surgeons of the board of medical survey, who met to-day and examined Naval Constructor Baxter, will report to Admiral Leutze that Mr.

Baxter is at present unfit for duty and should have six months' leave of absence from service in order to recuperate. The official report will sal that the Naval Constructor is suffering from a complete nervous breakdown, because of his hard work in the construction of the U. S. tleships turned out at the yard so successfully under his direction. The report, which must be approved by Admiral Leutze before it is forwarded to Naval Constructor Wm.

J. Baxter. Washington for the Department to act upon, is the latest chapter in what Navy Yard gossip alleges to be a feud of long standing between the naval con constructor and the commandant. Secretary George Von L. Meyer, of the Navy Department who has shown by his attitude that he wants ships built at private yards rather than at Government yards, is not regarded by the naval constructors at the yards as their friends, for they naturally "boost" the idea of Government- -built ships.

On the other hand, Admiral Leutze is greatly esteemed by Secretary Meyer. It was thought that the outcome of today's examination might be the placing of Baxter on the retired list. Not long ago, after what are alleged to have been a series of disagreements with Admiral Leutze, Baxter was detached from the Brooklyn Yard and ordered to fill a minOr position at Gloucester, Mass. He asked for sick leave when this order came. His arduous work on the Connecticut and the Florida, and on the plans for the battleship New York, together with the repairs on other great fighting vessels, and the continual disagreements with the commandant, had shattered his health.

Baxter has been on sick leave since the announcement of his detachment, and has therefore not gone to the minor post at Gloucester. Two days ago Chief Surgeon Wentworth sprang a surprise by officially requesting Admiral Leutze to appoint a board of medical survey to examine Baxter. It was this board which met to-day. It consists of Dr. Lovering, chief of medical supplies for the hospital at the yard; Dr.

Wentworth and Dr. Berryhill. The rumors of Baxter's nervous breakdown from overwork and the strain of the struggle at the yard are officially verified by the report. JUSTICE HUGHES' HOLIDAY He Is Having a Quiet, Time at Tremedden, Bridgehampton. (Special to The Eagle.) Bridgehampton, L.

June 15-An Eagle reporter who called to-day at Tremedden, the country home of Justice Hughes of United States Charles. Court, found the justice about to take his morning walk. When asked to discuss pending political matters he begged to be excused, saying that he was down there for a complete rest, and had nothing whatever to say on that subject. He then started off for his walk. Situated at the corner of Ocean and Sagabonack lanes, the Esterbrook villa, which Justice Hughes has leased, stands on a low hill, surrounded by beautiful trees and shrubbery.

Everything suggests rest and comfort. Particularly attractive are the rustic arches over the two entrances to the driveways, leading up to the house. The many-gabled roof gives the house a homelike appearance, and there are wide, inviting porches on the front sides, shaded by creeping vines and flowers. Having been here only a short while the ex -Governor has hardly bad time to become acquainted with his new neighbors, or they with him, but Bridgehampton people are proud to have such a distinguished resident and, while having no wish to be obtrusive, will do what they can to make the sojourn of Justice Hughes and his family pleasant. Justice Hughes devotes much of his time to walking, driving and playing golf.

Close by 1s the Bridgehampton Club, where he plays whenever the weather permits. The Judge's two daughters are bicycle enthusiasts, and are often seen spinning along the good roads surrounding the village. AUGUSTANA SYNOD MEETS. Duluth, June 15- The business session of the Augustana Synod of SwedIsh- Lutheran Churches of America opened to The Women's Home and Foreign Missionary Society also opened Its sessions. SILSBE SON, 509 FULTON ST.

10 degrees cooler than any other Restaurant (in Greater or EARTHQUAKE SHOCK RECORDED. The siesmograph at Brooklyn College reported to-day what appears to be, according to Professor Glover, an earthquake of some severity. Three distinct shocks were recorded. The first at 9:42, which lasted three minutes; the second at 9:49, which lasted till and the third or "tail" began at 10:43 and lasted until 10:10. Professor Glover was unable to say just how far away the disturbance occurred.

FOG HAMPERED AIRMEN. Hamburg, June 15-Lindpainter and Buchner arrived here to-day from Schwerin, concluding the third stage of the national aviation circuit race. They were troubled much by a heavy fog frequently losing their bearings. Wieneziers has not arrived. He is reported AS having completely lost his direction after leaving Schwerin.

'PLANE AFLAME IN MIDAIR Aeronaut Has Narrow Escape From Frightful Death at Mineola. (Special to The Eagle.) Mineola, L. June 15-Spectators at the aviation field here last evening were treated to a spectacular sight, when the aeroplane operated by Frank Ferris of the Aeronautical School of Engineers caught fire in midair. Ferris was just north of the sheds on the field when the feed pipe became broken and escaping gasoline from the exhaust caught oil on the engine, which became ignited, and in a moment the frame work chassis was in flames. Ferris was up about fifty feet, and he a abruptly brought the machine to the ground and a number of attaches ran to the scene and extinguished the flames.

It was extremely fortunate that the plane was not at a greater altitude, as the flames could not have been extinguished in time to prevent an explosion. William Badger, who was out in Captain Baldwin's machine, whose student he is, was grass cutting and the wheel of the car was caught in a wagon rut and the car upset. The right plane was broken and many of the engine struts also. BROOKLYN MEN ADVANCED Controller Makes C. S.

Hervey Chief Auditor; T. Adamson Supervising Examiner. Controller Pendergast announced today that he had accepted the resignation of Henderson M. Wolfe, chief auditor of accounts, to take effect at the close of business, June 19. Mr.

Wolfe resigns to accept the vice presidency of the Fourteenth Street Bank, the control of which was yesterday taken over by James G. Cannon, president of the National Bank and allied interests. The Fourteenth Street Bank henceforth be known as the Security Bank of New York. Controller Prendergast appointed Charles S. Hervey, supervising statistician to the positton made vacant by the resignation of Mr.

Wolfe, to take effect June 20. Mr. Hervey has been employed in the Department of Finance since 1898, and is generally regarded as one of the most efficient men in the city service. The salary of Mr. Hervey's new position is $6,000 a year.

The Controller also announced the appointment of Tilden Adamson as supervising statistician and examiner, at a salary of $6,000, to take effect June 20. Mr. Adamson has been in the Department of Finance for nearly a year as an auditor of accounts, at a salary of $5,000. He has shown such efficiency as to convince the Controller of his entire qualification for his new position. Mr.

Adamson was formerly city editor of The Brooklyn Eagle. He is a brother of Robert Adamson, secretary to the Mayor. Robert B. McIntyre, examiner, has been assigned by the Controller to take charge of the staff of expert accountants engaged upon the work reconciling the departmental accounts of the city and installing the new accounting system. Messrs.

Hervey, Adamson and McInLyre are Brooklynites, and Domocrats. HEROIC STOP OF RUNAWAY Frank Bell Saves Children From Possible Death, Then Slips Away. Frank Bell, of 99 Prospect avenue. risked his life this morning to prevent a runaway horse which was dragging a heavy truck, from running into a group of school children. The horse belonged to J.

J. Fitzhenry, a truckman, who lives in West Tenth street, Coney Island. Fitzhenry was delivering some goods near the corner of Sixth avenue 'and Fortyfourth street. The norse ran away down the steep incline of Forty-fourth street, toward Fifth avenue. The outfit gained impetus at every jump.

-third street and Fourth avenue is St. Michael's Catholic school. It was just at noon, and a crowd of tots, from five to eight years old, were on their way home from school. Bell saw the horse coming and the danger of the children. He.

dashed through the bunch, shouting to them and waving them toward the sidewalk. Two or three of them were 80 frightened that they could not move. Bell dashed toward the horse. swung its head to one side. He leaped, and grabbed it by the bridle.

but not stop its rush. He did manage, however, to swerve it to the side of the street, by his weight on the bit, and it the children by a narrow margin. Then it shook Bell loose, and he received a severe fall, narrowly escaping being run over by the wagon. His hands and face were cut and bruised, but he was up and after the horse again in a minute. Near the corner of Third avenue and Forty -fourth street, there was a moving van in the center of the street, which checked the progress of the horse, and there Bell caught it.

SCHIFF TO MAKE BIG GIFT. Several Million Marks for Frankfort University. Frankfort June 15-It is stated that Jacob Schiff of New York has announced his readiness to give several million marks for the foundation of a university at Frankfort-on-the-Main, his birthplace, provided certain conditions, particularly the matter of religion and professors, are met. The Lord Mayor is conferring with the Prussian Minister of Education, Herr von Trott zu Solz, on the subject of the proposed gift. Want to bay, sell or rent real estate Consult The Eagle's real estate ads.

on pages -10-day. They will aid you. -Ady, CHENEY AND GROUT NOT OF SAME MIND AS TO BIG LOANS Al 1 40 Goldstein Quotes Testimony of Former Bank Superintendent in Union Bank Investigation. "SICK AT TIME," SAYS GROUT. Insists, However, That Cheney Knew of Hanover Bank and Empire Trust Transactione.

(Special to The Eagle.) Albany, June 15-Assemblyman Gold-. stein to-day gave out a statement, quottestimony of former Superintendente of Banks Cheney on the subjectof the defunct Union Bank of Brooklyn, which makes it appear that Cheney and Edward M. Grout have conflicting recollections of the two big loans made to this bank by the Empire Trust Company and the Hanover National Bank a short time before the local bank closed the second time. Contrary to the expectations of many members of Assembly, Speaker Frisbie retained the Goldstein bill for an investigation in his possession to-day, and did not hand it down for action. The loan made by the Empire Trust Company was for $965,000 and by the Hanover Bank, $350,000.

Goldstein yesterday asserted that they had been made without the knowledge of the banking authorities. This was denied by Mr. Grout. To-day Goldstein issued the tollowing statement to back up his claim that the state authorities were not ad-1 vised of these loans until after they had been made: "In saying that the Banking Department did not know of these great loans, I am relying upon the statements made by Superintendent of Banks Cheney, on May 3, both at the hearing before Governor Dix and at hearing before the joint committe in the Senate on the alternoon of the same day. "At the hearing before the Governor, Mr.

Cheney, in reply to questions by Governor Dix, made the following explanation, which I take from the rapher's minutes: Cheney Made Explanation to Gove nor Dix. "I only want to say one other thing. statement has been made loan some one million, seven hundred' fiftythousand dollars was made the approval of the banking department. I deny that statement. Only three weeks after I became Superintendent of Banks a 'question was raised before the superintendent as to whether the Mechanics and Traders Bank (evidently referring to the Mctropolitan Trust Company) could loan five hundred thousand dollars; seventyfive thousand to a real estate corporation that owed money to the Union Bank; one hundred and twenty-five thouthat owed money to the Union Bank; sands to a another real estate company and three hundred thousand dollars to the Union Bank.

'That was the only question raised about this borrowing. I didn't know the full extent of the borrowing until a report was made, and it was only a few days after that that the institution was closed by the Governor Dix-What security was given for the loans? Cheney--It was all real estate. Governor Dix-Were the loans made by the Union Bank excess loans? Says Loans Would Be Regarded a- Excessive Now. the time Cheney--They they were were made, not but excess loans: under. presetn law they would be excessive.

Governor Dix-Were they criticised the time they made these loans? 'Cheney: I can not recall. The stitution closed for the first time abo the last of January, 1908, before my co nection with the banking departmer was not made superintendent vember 24, 1909, and the institution again closed about five months lati From my observance of the banking department, I belleve they would have been "Now, at the hearing in the afternoon, in the Senate Chamber," continued Mr. Goldstein, "the superintendent confirmed his statements to the Governor, to the effect that he did not know of these loans. I quote from the record: 'Cheney. I would like to make up a few statements in regard to the liquidation of the Union Bank.

The Union Bank at one time had deposits of over twenty millions of dollars. When they closed the first time they had deposits to the extent of $11,000,000, and when they closed the second time they had deposits of only $4,000,000. The loss In deposits from over twenty millions was a process of continual liquidation. Cheney Makes Same Denial in Senate Chamber. "The statement has been made that the Banking Department was responsible for the borrowed money.

That 18 denied, and was so denied at the hearing this noon. We a didn't know of the borrowed money except as regards $300.000 of it. until a statement required by tho superintendent revealed that fact. 'Goldstein-You didn't know that the bank was going to borrow one million seven hundred and fifty thousand dollars? Is that so? -Yes, sir. 'Goldstein-How soon did you learn that such had been done? 'Cheney-About thirty or sixty days afterward.

The borrowing was made in last part of December: They came to about a loan they wanted to make with a metropolitan trust company. The trust company wanted to know whether that would be an excess loan under the banking laws. 'Goldstein-Do you mean to tell you didn't know that they borrowed that until about sixty afterward? "Cheney: No, I supposed you had asked about the one million, seven hundred and fifty thousand dollars. I have tried to explain that borrowing of three hundred thousand dollars, and the borrowing of two real estate credits, one of seventyfive thousand dollars; totaling five hundred thousand dollars. I didn't know the one million, seven hundred and fifty thousand." Goldstein Says He Only Took Cheney's Word.

"Those statements of record by Mr. Cheney should show that when I charged that enormous loans were made without the knowledge of the banking department, I did so on the word of the superintendent of banks himself, who.

Get access to Newspapers.com

  • The largest online newspaper archive
  • 300+ newspapers from the 1700's - 2000's
  • Millions of additional pages added every month

About The Brooklyn Daily Eagle Archive

Pages Available:
1,426,564
Years Available:
1841-1963