The sun., 1903-10-19
INTERNATIONAL BANK CLOSED,
luERICAN BUSINESS FIRMS IN
NEXICO CAUGHT.
Wllliam Inn Hunts Concern Adopted a
Name Resembling That Of Solid
Institution Here-Hlnkley and Fsssett
once DirectOrs-fiunt Was Clerk.


Institution Here-Hinkley and Fsssett
once Directors Was q Clerk.
CRY OF MEXICO, Oct. ls.--The Interna-
tonal Bank and Trust Company of America,
william Hill Hunt, president, with branches
in New York, San Francisco ard points
throughout Mexico, closed its doors yesser-
dav in voluntary liquidation and posted a
notice to that effect on the doors of the
hank in this city.
This institution has advertised that it
has paid up gold capital Of 81 ,s5O, 600 and
deposits Of about 81 100000 silver. The
institution has been in existence for four
wears formerly as the Mexican Trust Com
panv. and had until recently enjoyed public
confidence. The cause of the failure is
said TO he overending.
The collapse has caused big stir in busi-
ness and financial circles OF Mexico. 1t
is reported that the Mexican Government
will conduct an official investigation OF the
affairs of the concern w. H. Hunt, the
president of the company, was formerly
clerk in store at San Antonio. Texas.
Thefailure was not unexpected to the con-
servative banking element Of Mexico. but
it has caught many prominent American
business concerns, who had faith in the
solidity of the institution.
The name international Banking and
Trust Company" appears in the Copartner-
ship Directory with the address 1875 Broad
wav, and the remark added mo informa-
ton The name appears directly under
,hat OF the International Banking Cor
roration of Wall street, among whose
directors are Juan NJ. Ceballos, Henry C.
Frick Edwin Gould, James H. Hyde.
Luther Kountze. r. A. c. Smith and Alfred
e.. Vanderbilt. The International Bank
and Trust Company recently moved to "a
Wall street.
The big concern-the International Bank
ing Corporation-began business in April,
1902 In October, 1902. arose the Inter-
consolidation Of the Mexican Trust Com
pany and the Corporation Trust Company
Of Delaware; the latter a concern whose
name appeared in the Copdr tnerahip Di-
rsctory Immediately above that Of the well
known Corporation Trust Company OF
New Jersey.
The coincidence Of names in the first
case and incidents arising from the CO.
Incidence led the officers Of the international
Banking Corporation to send out notih-
cations that II had no connection with
the new international Bank and Trust
Company Of America William Hill Hunt.
president.
William Hill Hunt, president. who lives
In the Alimar apartments at 926 West End
avenue, has started for Mexico, his wife
said last night. and ought to he there by
Friday or Saturday. The vice-presidents
are Charles Francis Phillips, who left his
home on Staten Island last night to attend
a and s0 9Shh ResN NsaRsa% ~ho hvss a. ios
West Forty-seventh street, but was out
~ Moodys ss Manual for 1908 gives this list
Of other officers and directors: Walter
r. Morris, secretary and assistant treasurer
{. Birse, G. F. Carrier. William Astor Chan
Ter, Frank r. Crocker, Joseph g. Deane
J. Sloat Fassett. the Hon. George E. Foster
!. W. Hinkley, Isaac M. Hutchinson, l.. G.
Mitchell, j. o. Rice, Frank B. Robinson
w. L. Sawyer, Frank l.. Torres, William
wolcott, J. W. Hollenback and David b
Sickels.
In the Directory Of Director., which 4
of later issue, Messrs. Foster, Hollenbaoh
and Sickels do not appear as directors
W. j. Hilands and Richard Nd. Nelson are
added as directors.
Silas B. butcher was a director In the
Delaware concern and became one IN the
banking and trust company, but left II
soon after the consolidation. j. Sloa'
Fassett of Elmira was also director ir
both concerns. In response to an inquiry
he sent this telegram to THE Sun last nigh
from Elmira:
have not been . director of the Inter,
February. / have no Information about the
reported suspension l have not been con-
eerned in its affairs for many RoPtns. Z. Passrr..
James W. Hinkley OF Poughkeepeie, whc
was once chairman Of the Democratic
State committee, was also q director ir
both companies THE SUN called him ur
at his home last evening and asked hin
about the failure.
Il don't know anything about it, he
said Il resigned as director from botf
companies year ago. found that wa,
concerned with 80 many Affairs that
couldn't attend the meetings OF the Inter.
national Bank and Trust Company. so
resigned"
Did you have any complaint against the
business methods pursued by the COM
panys oficers?' he was asked.
Absolutely none, said Mr.. Hinkiey
THE company was doing very well, be.
lieve. and was told that it was going tc
do better. 1t did a general banking busi.
ness principally in the West and in Mexico.
W. L. Sawyer Of Nyack was director
IN both concerns, but he said last night that
he isn't in either now.
The president Of the Corporation, Trust
Company Of Delaware was Charles F
Phillips OF New Brighton, Staten Island
who is director in the Pan-American anc
Austro-Hungar ian banks and president
Of the Cumberland Coal and Steel Company
He. became vice-president Of the Bank
and Trust Company.
A man who has some acquaintance with
the affairs Of the International Bank anc
Trust Company said last night that there
had been good deal Of quarrelling amone
the directors OF the concern both here
and in Mexico. President Hunt he spoke
on as a we'll meaning young Southerner
who had been i'll advised.
The paid up capital Of the concern wal
said To Ina Al 0OO oOO