New Britain Herald Newspaper, April 13, 1915, Page 3

THREE “ONYX'DAYS [| THE NEW COTTY WASH GOODS goston Store’ | | THE ONE GREAT HOSIERY iy i - WRECK RIGGS BANK : SPEGIAI_ OPPORTUNITY OF THE YEAR 8¢c. McAdoo and Comptroller Wil and Comptroller o he Currency Joh ' : \ . » i : \ femasmts destordey In procecdings bo- This is your chance for a big MONEY SAVING—to sc- S i fendants yester: ; in proceedings be- cure the TOP NOTCIH “ONYX” HOSIERY VALULES. The e i e SR R gun in the District of Coiumbia su- | : preme court by the Riggs tio 1y 5 . < N . e dhoiin ¥ bank, (; “':\)shingné;\.r l? (}-‘..m‘;\nr:\fl::- distributor’s way of introducin g “ONYX" quality. grounds with fine touches of heautitul jeges that these officials Z com- : . ripes , . 3¢, 1 bined and conspired to wreck that in- FOR WOMEN \ color in dots, stripes and plaids, 5 1 A g 27 inches wide, 23¢ a yard. A stitution. : Temporary and permanent injunc- Women's Black Silk Lisle, Regular 50¢ grade. 4 The newest Fular Spots, the ored ground with tions to halt the alleged comspiracy 5 . i il SR 2 and to prevent the comptroller from e OF SE5c S Gl ~Sale Price, 3 pr $1.00 o o season's smart effe whi . as { making what the bank charges are Women's Black Gauze Lisle, Regular 50c grade. grounds with colors, price 39c¢, back and, whifes g unlawful demands for special reports | |§ ..Sale Price 35c, 3 pr $1.00 width 45 inches. width 107 inéhes. :’ltc :-;uirliuq kinds S azeiapiel o Women's B! Silk, Regular 50c grade, There are more of those ce the Shantung ' 3 ¥ : escic axquisite + a vard A full n FINE, QUALITY nainsook, nicely | One portion ol the petition seels 56 «.......Sale price 35c, 3 pr $1.00 3 Hiojlofenctdoraiginigen tlait ¢ a ¥ ““ o rimmed {n Jace anyd noedis work, cut | to restrain John Burke, treasurer of Womes ar d0c grade, B printings, priced 50¢, width 27c colors. Mixed e full length, V, square and sound neck, | the United States, from payment into " .Sale price 35c, 3 pr $1.00 &l inches. stands wear and wasll i al 420 cach, the treasury of $5,000, declared to be & s . glescdiize v i due the baznk as interest on $1,000,000 ik, Regular $1.50 gradc, AT TSo—Made up in fine quaitty,; of United States bonds depasited with long .clot boantifully trimmed, | tlie comptroller agai its note cir- 3 souare and V meck, n $1.00 | culation. This interest was withheld SOUDN MHADEOF A g 10 cov penalities of $100 a day for A8luc, 275, failare of the bank to make cortain . FOR MEN . ) \ WONDERIUL DISPLAY of new | Feports. Omeo pzid into tho t asury, | _ isle, lx‘cgniar 50c value, Sale Prlqe 3b¢c, 3 pair $1.00 and beautiful designs in Night Robes, v an ast of congress could get tho A s ck Sillk, Regular 50c value, .................. Sale Price 35c, 3 pair $1.00 new and exclusive patterns in needle- 000%ouy ‘(‘l““‘ Juatice "“"'f oyjlateitos Men's Navy Silk, Regular 50c value, .................. Sale Price 35c, 3 pair $1.00 work and lnce, 49¢ to $3.00. KIDCocis Stomporery/S iniinction Men's Grav Silk, Regular 30c value, .. Sale Price 35c, 3 pair $1.00 on this phase of the case. i The justice then set April 16 as the Men's Two-tone Silk, Regular 50c¢ value, ..... Sale Price 35c, 3 pair $1.00 day for answer by the defendants to show cause why permanent injunc- tions should not be issued. Thirty-seven Allegations, I OLIVER TWIST Suits and Romp- | The bank's bill of complaint covers Dlats ed and striped { 86 typewritten pages and contains 37 d specific allegations, designed to show that the comptroller has adopted un- usual and legally questionable tac- tics in dealing with the institution. It recites that evidence of an unusual desire for information concerning the bank was shown by Mr. Williams shortly after he assumed the office of comptroller more than a year ago, and has continued ever since. Prior -~ Another Carload! e Sk Sl o ‘Right From the K " ; ; Agents for McCALL PATTERNS, | ypo0ni with responsibility for pub- R : 2 f Ohi the best pattern sold at any price, 10¢ | jioq(ions regarding {he ocial conduct h . T 0 0 vand 15¢. of the defendant Williams as assist- McCall Magazine for May, ,:,(._ ant secretary of the tréasury. ‘When ] i We have just received cnother carload of Fine Horses McCall Summer Quarterly, 15¢ Pat- | this charge was denied by the offi- |asking if the officers had destroyed | Boston, some weeks ago as speciar | $5,000 under Section 3 of the n the farms of Ohlo, ready o go into hard work. tern Free, 20C, Male (R ibill iakaerta f Nacretary! Mol | ans ;;f 7 et On March 30,] counsel in the case, and it is consist- | United States Revised Statutes, for its 2 In !l|I< carload are u'?pl‘ul high-class Matched airs, Adoo cursed Milton Alles, & vice-|it further sets forth, he demanded|ent with the attitude of these offi- | refusal to furnish information to th Parm Chunks, Butiness, Grocer) and Drivers. If you Wiy president of the bank and said to G.|a complete history of loans of the| cers to attempt by unwarranted and | comptroller's office in regard to its LI Faes, como where they are sold. 5 “I“. by e C. Glover, its president: Riges bank (o its present officers and | untrue statements to place themselves | affairs. sl g e Ml e brd bragiondingd Series of Persecutions. gave mnotice that for failure to com-.and the bank in a position of mar-| *“On April 5th the comptroller of IS e PISCIASEE WIN KWW Jueti W g ety doagd e . 5 i . will be sold on a small margin to make room for new arriy Mr. Glo Z k v W v owi ike r st made on Jan-| tyrdom at the hands of the admin the currency addressed a letter to the % LAs ver ouRknowwha ithisiinlygwith 2SIk G U uon R a R ot el tale ttonticat ol aeiits We have also scveral second-hand Horses, that are well] | mc nsto fhe Riggs National bank.” |ua ). it was assessed a penalty | tration. asite Ve bank. p e onpls Sty e L ST O 5 the price on them. . Meaning theroby,” the bill adds, |df $5,000. The next day a lurm-lll Conditions Warrant Action. m‘“l‘;‘“};‘;('("‘_'“ ‘\‘l’l:‘;h oad "'”‘, magesns We carry Evorything in the Horse Line, Busi - “from that time on the power of the |demand for payment of this fine made | ., 15 Warrafit ACHON. — 1its officers under oath, and what are ] v ang. ! : s T O e B v e T Srereiio S ST -n is mot the practice of this de- | yegarded as deliberate efforts to de- cords. Heavy Farm Gears, Dump Carts, Harness gressively used for the ruimation and | On April first, a quarterfy instali- | Partment to discuss in the public | ceive the department. and notified the to be Equalied in Noew HEngisy . 'ess P @ o any nationa anic- N at i ¢ f SEE US B 'ORE YOU BUY, destruction of the plaintiff bank in |ment of the interest on, $1,000,000 of [ h'< the affairs of any national ban bank that in view of the unsatisfac EE US BE R and {ll-will of said defendants, Wil- [ in the comptraller’s custody to Sse- 22 LAUREL STREET, BRISTOL, €4 LINEN TISSUE—Airy em- hiff Sale Price $1.00 New Home Sewing Machines, Likely Trunks, Pictorial Revl terns. Dage-Allen & Hartferd, Conn. CHILDREN'S Gingham Dresses, a lot of new and pretty styles in plain and checked Ginghams, double and kilted skirts, sizes 2. 4, 6, 50c each. ers, in Gingham, new and pretty styles, va- riety to choose from, 25c¢ and 50c¢. HORSES! HORS HORSES! JUST ARRIVED BUTTON, Button, whose got the button? We Have!. The greatest as- sortment of buttons to be found in the city, buttons for every use, trimming, coat and suit buttons, tailors’ buttons in fact everything want- can be found here. BOOTH'S BLOCK NEW BRITAIN.. ing assoclation, but since the office tory and dangerous conditions which in question have had the temerity | have come to light as the result o to submit this matter to the, court | the investigations of the bank by thi: this office is prepared to show a con- | office and the National bank exam- dition of affairs in the management |iner: in view of the liability of liams and McAdoo, and shortly after- | curities circulation came due. The ward the said defendants, Williams | comptroller, the complaint sets forth. and McAdoo, began a serles of perse- |y rongfully and unlawfully ordered HARTFORD, CONN. LINOLEUMS ForYour Gity and Summer Homes 50c to $1.75 Yard It's a fact well known to many peo- ple that Linoleums for Summer use are the ideal floor coverings. 1In the first place they do not attract the dust and sunshine like Rugs and Car- pets, thus making the home cooler and free from the extra work re- quired by hard sweeping. BOTH DOMESTIC AND IMPORTED LINOLEUMS. Our complete display of high grade Linoteums appealing to folks who wish the hest and the many patterns 1d shades are most attractive. Prices cutions against the plaintiff bank for the purpose of impairing or destro ing its said busine; thereby prosti- tuting their high public office and violating their oaths in order to vent their personal vindictiveness against the officers of the plaintiff banks.” A few months later, the plaintiff avers, the bank was notffled by C. S. Hamlin, now governor of the federal reserve board, but then assistant sec- retary of the treasury in charge of the fiscal bureau, that Secretary Mc- Adoo purposed to exclude the Riggs bank from a share of deposits to cover the District of Columbia withdrawals, which deposits by c tom are divided among the national banks of the distirct. jsutheinwhes 2.Ct 1o gu Deposits Withdrawn. Mr. McAdoo later wrote to Mr. Glover, the affidavit s s, declining to explain why such action shauld be taken and announcing at the same time his intention of withdrawing all government funds from that bank. Subsequently, it is alleged, govern- ment deposits amounting to over $1,- 200,000 were withdrawn from the bank, including Panama Canal de- posits amounting at one time to $1,- 4 479. These withdrawals were brought about by Secretary McAdoo, it is charged, at a time when the European war and the business depression in the United States had made banks husband their resources and “in a deliberate attempt to wreck the plain- Liff nk, in the execution of the con- spiracy existing between him and the defendant, Williams, for that pur- pose.” Had Funds Removed. Further affidavit is made, that Mr. Williams, as treasurer of the Red | Cross saciety, had the funds which it Lkept on deposit with the Riggs bank removed to other institutions. For almost a year, the bill avers, the comptroller has bombarded the the treasurer of the United States to withhold the payment of this inter- est.” In this connection the bill alleges that Mr. McAdoo “had usurped” the powers of the treasurer. The bill asks that Mr. Williams be enjoined from revoking the Riggs® designation as a depository for the »c- serve of other national banks or re- fusing to approve it as such deposi- tory. Injunction Also Asked An injunction to restrain Mr. Me- Adoo from ‘‘usurping the powers of treasurer of the United States, is also asked. The court also is asked to find the section of the revised statutes dealing with the examination of banks unconstitutional and void if they must be construed as they have been &and are being construed and enforced,” by the ‘defendants. The bank’s officers last night gave out a statement outlining at length their view of the events of the last year which led up to the proceedings of yesterday, along the lines of the sworn statements in the bill of com- plaint. Statement of Comptroller. Comptroller Williams issued this statement last night: “I have not seen the bill filed by the complainants but have read the extracts furnished the press “The recent investigatior of the affairs of the Riggs tional bank disclosed irregularities and unlawful practices on the part of certain ofli- cers of sufficient importiance to merit their reference to the department of justice and that department engaged the services of Louis D. Brandies of of this institution which fully war- | the statements made Y your officers ranted the action taken by this oi- fice. The bank is solvent. The in- terests of the depositors have been safeguarded by the actions of the comptroller's office, but if the meth- | ods and practices complained of had been permitted to continue the re- sults would have been serious.. The evidence will abundantly show that it has been nccessary for this office to seek to terminate the reprehensible practices of the officers in question | and their misuse of the powers dele- | = gated to them by the directors, “The penalty imposed for failure to make reports, the collection which penalty they seek to have en- joined, grows out of their unwilling- ness to disclose the true nature of the transactions engaged in. “The whole purpose of the depart- ment has been to require the bank to give up the unlawful and dangerous practices and methods which had been in vogue for years past, and which had threa ed alike the wel- | fare and security of both sharehold- !ers and depositors and to require the bank to conform to the plain require ments of the national bank act, and to the regulations of the office of the comptroller of the currency. Tried to Get Real Truth. “In its effort to ascertain the real truth in regard to the operations and affairs of the Riggs National bank, letters were from time to time direct- ed to the bank from the oflice of the comptroller of the currency for information. “These requests for data in various cases were refused and on March 0 the Riggs National bank was notified of the imposition of penalty of FIVE ROOM MODEL FLAT . and disregard for instructions ot omptrolier National bank as depository ment are extracts from to the bank at various times since July , 1914, which chargo the institution had benefited per- from use of the bank’s funds ‘dummy”’ loans and that of fostering stock specififtion among clerks sional men | had been followed by the bank. Vari- ous other allegations also most of which complaint seeks to make answer. bill of complaint also gives of some of these plies made by the bank. o.7 loorsthine Cedar Oil Polish A clear, pure polish for furniture. pianos, sutos, linoleum_and all fnshed or ha Best for re-newing any meke of oiled or polithing mop. 10¢ to $1.00 Packages PORTER CC ANDREWS CO. the bank's and the re- Get it at I, Agents for Hudson: Motor Cars "Phone fora Demonstration. NEW GARAGE AND SERVICE STATIO. Lowest rate for first class’ storage. Repai supplies. NEW FIVE AND SEVEN PASSENGER ING CARS FOR RENT BY THE TRIP HOUR. 287 ELM STREET 'PHONE 236 arc the lowest considering the high 3 T 5 gresthellowesticon & Riggs National bank with demand for special reports of many sorts, ex. cceding the inquisitorial and visita- torial powers vested in him. The Bank declares that it has made an effort to comply with these demands, has worked its clerks early and late to do so, but that requests for a little time have been met with refusals and e e Filled with Furniture from Grand Rapids, Mich. e e e ea o1 Springs, Pillows, Mattresses, Etc., Made in New a comptroller involve a penalty of $100 for sach day after a repart is B L Th‘ ‘“ : 3 demandea and not rendered. Hxact ! t W g y d t . ! figures-as to penalties which the comp- rieain. 1S 1 Ive Ou an 1a€a how 0 ur troller may hold the bank has in- curfed in this connection, the bhill states, is not clear, but it estimates that It must be at least $150,000. In making some of these demands, the bank alleges, Mr. Willlams has i vialated the fourth and fifth amend- ments to the constitution, prohibiting unreasonable searches and seizures and forcing anyone to he a witness against himself. Olaim MeAdoo Usurped Powers. in Webruary last, according to t bill, Mr. Willlams wrote to the benk L] ! [ | i P'rescrving eggs when they are plentiful and prices are c per dozen, and keeping the m until eggs are searce and range from 40c to 60c per dozen is certainly true economy. just suppose you had bought y our Winter's supply of eggs they were selling at 18c and 2 0c per dozen and put them do Victor Egg Preserver, the sam ¢ as you would fruit in the season, what a saving you woul d have madec Our preporation solutely harmless, simple to use and far superior to water glg icate of soda.) The contents of a package mixed with f‘fteen of water will preserve 25 dozen of eggs. Buy a package of o tor IZgg Preserver now and be ready when the price ¢ a * h h put down your Winter supply. Victor Egg Prose:ver sells for nish your home. ki i o M o g e . will gend you a package by parcel post prepald on receipt of stamps. We make a speclal price on an order for one dozen ages. For Sale hy: CLARR AND BRAINERD CO. GEO. M 0 n n rews O DICRINSON DRIG CO, o [ ] | T. B. FARREL & SON, s P STH 132 Main Street, New Britain "‘";,“y"““"" Apothecaries Hall Co. .