The evening world. Newspaper, January 7, 1911, Page 1

jee ae amen aa oe ne ROBIN CAUSED CARNEGIE TRUST FAILURE > STOCK SWINDLERS NABBED IN POSTAL RAID , WERATHPR—Fair to-night and Sunday; warmer. _ PRICE ONE CENT. ome te Rae ‘NEW YORK, SATURDAY, JANUARY Two Nabbed in Nassau Street Office for Using Mails in Stock Swindle. ONE SECOND OFF Stung Indiana Concern $700 for “Hustlers” to Put Shares on Market. Mice Ins and H. Hi, Mayhew, assisted by Police Lieutenant Detectives. McKenna and Cavassa, to-day raided the office of Witl- jan GL G. Bagley, ‘real estate and Insurance” men, on the fifth floor of the bullding at Nos. 93 and % Nassau sirest. A big crowd watched the raid. Logemann and Bagiéy were taken into custody on a warrant charging them with using the mails for swindling pur- poses. It is alleged that they have been operating from this office since last May. Bagley, who lives in Jefferson street, Brooklyn, pleaded gulity in June to @ similar charge in the United States Court, Brooklyn, it is and was let off with a fine as a first offender. The pri ¢ taken before United States oner Shields, who held Bagiey in $4,000 and 1 ann in $3,000 ball The specific charge on which they were arrested |s that they swindled the R. B. Miller Company of Indiana Harbor, Ind,, out of $100 by fake correspondence fol- lowing a fake advertisement purporting @ ve an offer to sell a business, ‘The first letter in response to an an- swer to the advertisement was headed: “Hudson Sand and Brick Company, Authorized capital stock $1,500,000. W, 8, Logemann fiscal agent.” This letter sald there had been large subscriptions and Logemann was un- able to deliver stock, but that he was looking for a good stock to sell on fair commission to his large clientele. If the M he would be glad to hear from them, The letter had this postscript: “I am neither a broker or a pro- moter." ‘The next letter on a “W. G.Logemann, real estate and insurance,” letter head, made an offer to sell the Miller Com- emann and preliminary for four send a like amount to pay rallway fares, hotel billx, ete, for four hustlers to sell the stock. Treasurer Br in all when he the Post-Office In fidence. suspicious and took yectors into his cons the Nassau st he RB, Miller ( t men an mrt tw like The penalty on « taaprinonment oF $5,000 fine or both, JACKSONVILLE ‘RESULTS, ner, 104 (Dunn) to 5, even and by two ler van and finis SECOND | miles purse $100. to 1, 7 to 10 named — TAMPA RESULTS. ee ffman), 4 hin Time, 1.06 2-5. anetim, § Singlong und Haymarket also ran, ond ven a \DER| stors Robert $. Griges | : Company was interested | pany's capital stock, standing half the xpense himself, $200 a week eeks, the Miller Company to Miller hac sent $700 [should have rea No “hustlers had been hustling to sell the Miller Company capital stock, and hence the raid which netted bundjes of lt and correspondence be hers Viotion ds five years’ [could not reach the the; Trustee, 116 ( » 8 tol, 8 te d 6 to §, second (Mo. Chaey), 1 to 1, 6 tol 1, third Time, 1421-5. Minta Star, Gold Oak and Aldiva also r finished as | GET-RICH-QUIGK CHEER GOFF TRONS OUT ARE ARRESTED IN RAID BY POST-OFFICE INSPECTORS PEARY QUIZZED ON NORTH POLE FIND BY CONGRESSMEN Explorer Seeking National) sustice Gow in the Supreme Court ce- | nied this afternoon the petition of Dr. Recognition Shows Data and Answers Questions. SOME TALK ON FAKING. Experts, He Says, Differ as to Whether Bogus Polar Ob- servations Can Be Made. WASHINGTON, Jan. 7.—Capt. Ro! F. Peary told the atory of the trip to the frizen north at a hearing to-day ber} fore a mib-commottee of the House Committee on Naval Affaire, the pur- Pose being to furnish proof to his at- | tainment of the North Pole on April 6, 1909, In connection with pending legis- lation for national recognition of his achievements, He produced all of his original mem- | oranda and answered numerous ques tions, Representative Macon of Arkan- who has announced his opposition to recognititn of the explorer, asked ea- Pecial light on “the thirty-hours Peary waa at the pole,” and Mr, Peary read from hia log book detailing his four hours’ sleep, his journeying beyond and back to the camp. Peary said he mada no entries in hie book on his return march April 8 and not until the after- noon of the 9th, Hie Position Defensive. Upon appearing before the committee Capt. Peary said that his position be- fore it was a defensive one, and that he was ready to answer any questions, He described his naval service and said that his present rank of captain in the construction corps was the highest rank he could attain, except that as head of the bureau he might become rear-admiral, The committee asked Peary to tell in his own way how he actually reached the Pole, and he began the narrative ac the point where Capt. Bartlett left him, The explorer submitted an original | © sig memorandum of Bartlett show- ing he had left Peary 133 miles from the Pole, when, according to Bartlett, Peary ched the Pole in eight days, the going being gvod and weather | fair, Dash to the Pole. ribing the final dash to the pole, y said t the end of the last trip I judged 1 was within four or five miles of the po! We had reached this point In the forenoon, as | had hoped to do, as could then reach the Pole and make a noon sixht of the sun, Observations made a ttle further on showed we were at 89 degrees 57 minutes—about three miles from the pole. Then we pushed on, and on April 6 were at the pole. "We stayed In the vieinity of the ‘ole for thirty hours, starting on the SUIT T0 DECLARE ROBIN’ INSANE Says It Would Be Unseemly for Him to Name a Lunacy Commission. SISTER’S PLEA DENIED. Court Also Refuses to Appoint | a Committee to Take \ { “ Circulation Books Open to All.”’ 12 PAGES PRICE ONE CENT Charge of Property. Louise G. Robinovitch to have a com-| mittee appointed for the person and es- | tate of her brother, Joseph G. Robin, | wrecker of the Northern Bank, also for | the appointment of a commission inj lunacy. | Justice Goff devoted four typewritten | Pages to a review of the case. | “Where there is no proof of the exis- tence of property,” he said, “it would, | in my opinion, be unseemly and tm- Proper to appoint a commission in. lun- acy or a committee of the person while he (Robin) fe in the custody of the people on a criminal charge. It might lead not only to confusion but to por comfiict of authority and thereby tend to impair reapeet for and conf- in the law and ite impartiality. ‘If during confinement Robin's sanity Be questioned the criminal law furnishes ariple means by which It can be deter- mined in orderly and proper pro- cedure, and the authorities charged with the enforcement of that law must be presumed to apply {ts provisions with prudence and justice. Question of Jurisdiction. “To warrant the Court In exercising its jurisdiction in this proceeding tw: subjects must be present and within its control: person and property. Con- aldering these subjects in their inverse order, recourse must be had to the pw. tition to ascertain what property there {a to preserve from waste and admin ister for the benefit and interest of the alleged incompetent person. ‘The petitioner alleges on informa- tion and belief that Robin has for many years been engaged in the management of certain named companies and other companies and enterprises to her un- known; that tile financial interests are the securities are In the possession of banks and various financial institu- tions as collateral security for the pay- ment of notes, and that the estimated value is very considerable, amounting to at least $50,000, “She states that though she has been in frequent and intimate communication with him she has not at any time in @ position to know of her own k age, or through information from others, except in @ very vague and indefinite way, of his particular business interests and relations Proof Ie Lacking. “The sources of her knowledge and the ground of her bellef are state- ments made to her by persons | mately connected with his affair among others Mrs, Dorland, his vate secretary, and Mr. Frederidk Kv Morris, his business associate, These [ROBERT TOY HOWELL “GI FEPER” IN CAR OF NACISTRATE. eee AND BUILOING OF THE CARNEGIE ALRUSTSSS KG OF SPAIN ~ INVPERIL AS BOMB ~_SOATTERS CROWD [OSCAR STRAUS QUITS _AS AMBASSADOR. WASHINGTON THEY INDORSE SHEPARD. Waiting Rendezvous as as Occupant Disreputable, He | weesme in Hotes Manbate Speakers Belang Pre Interborough. upon | noon ad threw are the only persons named; there is no aMdavit from either, nor is there) any explanation cone whereabouts or their silen “Of the stocks, bonds or securities, | there is no descrivtion of title, denom- ination or value, or of the banks or financial institutions in which they are alleged to be deposited; nor is there any description of the business, financial interests, their extent, | ing their tion or value which would lead to thelr | return trip at about o'clock on April! identification. ‘There 1s not in this pe- at trip L made soundings through the Ice, 1 had a line 1,500 fathoms long, but stom with that, and in drawing up our sounding appa. 8 the line broke and we lost it, ‘On the return trip we covered the ge of two trips in one for two vessive days. We had « northerly at our backs and that helped," > to see your original notes while vielnity of the pole?" asked Rep- ntative Dawson of Iowa. “T have not,” repiied Capt, Peary, who . already has been published, Thes» were the documents upon which the committee of the National Geo- y objection to allowing the com. | n submitted memoranda, the text of | T Koing five miles on the return! ition the slightest proof that Robin |s poasexsed of, or entitled to any prop- erty of any kind that @ committee ap- pointed by this court could take pos- session of, manage and apply to his | maintenanc “Such a committee ts required by law to give security as a prerequisite hefo taking possession of the incompetent’s property, [f there be no property se- curity cannot be required, and if it be not given the duties cannot be per- formed. In auch a case the law witl not | perform an {die and futile ceremony. Her Statement Too Vague. “It Ie also alleged by the petitioner on information and belief that a large amount of stocks and bonds of the |ewttmated value of upwards of $30,000 iiates, sau. ek Went’ ms | graphic Soctety based tts opinion aus: | were unlawfully taken by one Stumpt |taining his contention that he had ac-| tually reached the Pole, They wer (Continued on Second Page.) ~ erences” anh cm EON LORIE | and Gifford and Kilburn, but the same infirmity of vagueness and indefinite (Continued on Second Page.) | saa 4 Majesty palace | cers of + Again acknowl s of applaune, and then gid door swung him an explosion in the ase apply to the 1 a right to sa nich includes Pre » to find out who sold lquoy Malaga was without cay We me open. Bi CARNEGIE TRUST CLOSES AFTER RUN DUE TO ROBIN Crowd in Front of Carnegie Trust Ban] And President of Closed Institution, $690,000 When He Quit Director- Wrecker of Northern Bank Owed Paid Off After His Arrest. | ateand Balance of $225,000 Was | HYDE PUT $1,000,000 CITY CASH THERE UNSECURED. Prendergast Made Directors Give Guarantee— Amount Cut, Then Increased and Now | Stands at $650,000—$1,000,000 Bankruptcy | Funds Tied Up—Pay in Full, Say Officers. The Carnegie Trust Company, at No. 115 Broadway, was closed to- day by State Superintendent of Banks Cheney. The taint of the name of Joseph G. Robin, who was one of the original incorporators of the com- pany, was the indirect cause of the failure. Officers and directors of the Carnegie Trust say the concern will pay dollar for dollar. Supt. Cheney has not issued a statement of the bank's condition. Following the arrest of Robin—who had.not been connected with the company for two years—there was a steady withdrawal of deposits, The Superintendent of Banks was notified on Wednesday that the bank could not hold out against the withdrawals. He started an examination, and last night ordered the officers to put up $500,000 to charge off certain unde- | sirable securities, | COULDN'T RAISE $500,000. | The bank officials could not raise the money and Mr. Cheney took | the institution oft their hands. Deputy Superintendent of Banks George |W. Egbert was put in charge. | When Joseph G. Robin ‘gy out of the directorate he owed the Carnegie Trust $600,000, He ie-uced the debt by frequent payments to $225,000, and ‘iis indebtedness stood at that amount when he was arrested. Two days after his failure, according to the bank people, some one paid in that $225,000 in cash. Tee ‘At the time of Robin's failure the | have nearly one million dollars on de- name of the Carnegie Trust Company ‘and tho was brought into his affairs by Superin- Ppsotin Hels company Otis to the court tendent of Insurance Hotchkiss In con |) 0 company will tle up ve megeih nection with a check for $3.00 WhICH} O° compositions and settlement procesd- was kited tn the Northern Bank. 8ub-! togq now pending in the naanragiee sequently it was learned that Robin | Court, bought control of the Aetna Indemnity | Thirty-three thousand dollars of State Company of Hartford with a check for | funds were deposited in the Carnegie $100,000 which was ixsued by the Carnegie | Trust Company, Deputy State Comp- s tretier Julius Harburger sald. He iiouat CORDON n depositors began Trust Company, The bes clared that the deposit was secured by to take out thelr mon ® bond for $100,000, ‘The deposit was Directors Blame Dickinson. | made) he sald, by the admin directors, in private | which went out Jan. 1. heigl on Mon on) Monarch’s Ar- to-day, were inclined to| The city of New York has $80,00 now rival in Malaga Belie Attempt to Kill Him. for the failure on the |n deposit in the Carnegie ‘Trust, ee a ison, who organtzed the | “ured by the personal guarantee of some of the directors, Comptroller i a tate fret president. y and . “4 - we Le “| Prendergast ordered the withdrawal ef Mr Dlakinaan Sipe at ee {$50,000 of ‘the city funds yesterday to tertous reece inthe bank, His @4uate UP some balances, not with any {dea that the institution w sther, 8. C, Dickinson, aald this after- | yore. of fatiure as on the - ” ary dbnara nn ot| Had $1,000,000 of City Funds. rred during} “We old out ever i. The city had $1,000,000, unprotected oy stock we in the Cara ‘oa mee | te nd or any security, on deposit in an y ang well the Carnegie Trust last July when Gity aie od shape onat. |CLAMIEME A Hyde was in Europe. The ‘if these mei 0 try aan ne idereea | Cl” C& aberlain had authorized the aoe ene ai tice of latert|"e8v¥ deposits, Comptroller Prender- take steps to establish the true| ire 08 ning of ndition of af- ly in July, took steps toward j Securing the city's funds, He was moved to action following Information that the Trust Company was in a shaky any attempt is made to put re- n my a letter ondition, which will be a complete exon- 19 ee oe ieee taits|, B® Comptrolier called at the Chams ng that! eration, Th Ha ee ov scnt ofti.| beriain's office, found that Mr. Hyde p which | ure reste #0 pon the » jas in Europe and then insisted that k 7 the eclty's accounts be fortified with Ty dent of the Trust COMPANY. | a iecuate bonds. Deputy Chi King} joxep T ell, issued a lengthy ogy hae Walsh protested. He did not want to nterfere with arrangements that ha@ been ma Mr. Hyde. statoment this afternoon concerning the failure, He said It was the result of np and hi y withdrawals ocoa- Later the Comptrolier learned that a «id by the unsettled conditions YY relationship existed between brought about by the fatlure of ¢ amberlain and certain oMetals of Northern Bank. The avatlable cash '¢-l tne ‘prust Company. The Comptroller ' we insuMetent to eet the| what he had learned, n temands, but Mr Howell de- jand Mr, Gaynor ag-eed with the Comp. that if twen ir hours’ leeway er that immediate action should ‘ n xiven the bank could have] ne taken t the city. obt od temporary f suttelent to Deput Vow jer Fisher arranged ofl | t i} ' r He sald the dope 4 perso 1 bond by the would fo and that the ca any’s directors, Later, oa ital stock was unimpalred 4 ‘omptroiler, withdrawals $1,000,000 Bankruptcy Funds Tied up| at che 000 a weak wer . ‘he Carnenial Trust Comoany ince Hyde Put More In. 107 aa heen by onde of Judwes Me Hyde returned from Eu- t was! George B, Adame, ae ©. Holt an > these withdrawals ceased, and fur- Charles M. Houg At United States | cher deposits of city funds were made. | District Court, the vial depositary | \ withdrawal of $80,000 yesterday lett eye in the hands sum on deposit at the time of the trustees and receivers appointed by | fatiure $860,000. the United States District Court. They’ The directors who offered thelr per the bankruptoy me