| Show united states grand jury delving into wall street senate committee also Is busy investigating new york an epidemic of jitters Is sweeping wall street elnan cial district the impression prevails that the government Is after big bankers and nobody knows where the light Is going to strike next some of the leading figures of the probes slon have already been knocked from their pedestals by preliminary bolts A federal grand jury lt lb probing into the situation with might and maln main presumably on orders direct from washington fee scope ol of t the h e senate inquiry Is being esh extended tend ed with particular attention to private bankers lian Lers and air part in the flotation of securities and books of some 01 the biggest houses of the street have been beef sub for examination Preil dent roosevelt has ordered a ie eri eral cleanup of the situation and Is 19 determined that nobody be spared pa ed if he Is guilty it has as been many a day since the count rys hitherto all powerful caal barons have trembled so in their boots noted banker indicted the opening gun of the cleanup campaign one important phaze phase ol of which Is aimed at the chidem adern bank pr celce atice of reckless speculation with of other b er peoples money was fired alred with tiie the arrest velb W harriman chairman of the board of the harriman Harrl man national bank and trust company one it af tb abb best known alt although bough riot not the biggest by any means banks of the city har riman later indicted on fourteen separate charges of making false entries la in the banks books while he was president of the institution was arrested agreste d and arraigned as he lay ill th in bed in his home arregu involved in the specific charges footed up to I 1 total of the accounts of 14 depositors po were found to have been juggled allegedly by the banks president the harriman bank was the only one of major importance in the city which did not reopen after the march banking holiday another big banker to feel the impact of the administrations heel beel was charles 11 mitchell until recently head of the national city bank which as everybody knows rates as one of the topnotch finan cial institutions of the alie country and indeed of the whole world bank er mitchell la Is accused in two EWO fed eral era indictments one of them returned shortly after his tion and the other some two weeks later of evading the payment of income taxes totaling more than by concocting concoct ing fictitious losses through the transfer of sector ties which were later deeded back to him the second indictment charges the evasion of payment of W inco income ne taxes for the year 1030 1930 by a frau fraudulent bulent sale of worth of stock which the banker Is alleged t ti have re purchased five months later for substantially the same sum still another big league banker in hot water with the govern government merit Is horace G C sylvester until recently vice president of the national Na tlona tiona city company an atIl liate of the national city book bank who la Is under indictment on a charge charee of third degreed forgery for gerv growing out of his testimony in the senate stock inquiry about the time mitchell was making his grudging admissions sylvester Is accused in the true bin bill returned against him by the federal grand jury here of having directed the treasurer of his company to take out of the account of a syn dieppe formed to float a port of new york authority bond issue as an expense of the syndicate when it was really used for a loan to john a ramsey general manager of the port of new york authority the loan it developed was made six weeks after the national city corn com pany had bad underwritten under written an issue ot in port authority bonds |
