Evening star., 1907-11-17
Receivers Named in New York
and Brooklyn.
PROSECUTIONS TO FOLLOW
Some of the Officials Are Criminally
Liable.
ONE PRESIDENT GOT $557 900
Small Institutions at Other Points
That Are Also In Trouble-Wil
Be Civil Suits.

NEW YORK. November 16-In secur
ing today the appointment Of receivers
for three banks and three trust compa-
nies in New York and Brooklyn which
recently suspended payment Sta.e At
torney General Jackson declared that IN
the Borough Bank of Brooklyn and in the
Jenkins Trust Company evidence has
teen found of Illegal overloans and Of
both civil and criminal liability. In the
case of the Borough Bank. Mr.. Jackson
stated there is evidence also of over
drafts. forged paper and other criminal
transactions. all of which will be pre-
sented to the grand jury. In the Jenkins
Trust Company the attorney general de-
clares the records show overloans to the
president. John C. jenkins. jr. aggregat-
ing s557OOO.
The applications for receivers were
made to Justice Retts Of the supreme
court at Kingston. N. Y. and were based
upon affidavits of Clark Williams. super
cd the following temporary receivers:
Williamsburg Trust Company, Frank L.
Bapst of Buffalo; bond. $30O,0 Hamilton
Bank. Frank White of New York; bond,
Henry A. Powell OF Brooklyn and Isaac
N Cox of Ellenville, Ulster county; bond.
100000 each. Jenkins Trust Company.
John Mulhall of New York; bond. $780,
900. Brooklyn Bank. Bruyn Hasbrouck
of New Platz bond. $lo0,OoO. Interna-
tional Trust Company. Goodwin Brown OF
Yonkers; bond, 100000.
Some of the Men.
Mr. Bapst is managing director OF the
German American Bank OF Bunalo he
had charge of winding up the AFFAIRS OF
the Pan-American exposition. Mr. White
was first deputy attorney general unoer
Mr. jackson. Mr.. Powell is an attorney
at-law residing in Brooklyn. Mr.. Cox
is a former member of Congress. and Is
now president of the First National Bank
os EllenyiiIe Mr. Mulhall Is a real estate
dealer, with offices in New York Mr..
Hasbrouck is a merchant and brick manu-
facturer at New PaitZ. Mr.. Brown was
pardon clerk under Gov. Cleveland, and
subsequently was appointed on the state
lunacy commission. where he served Tor
fifteen years.
1t was on October 25 and 90 that Super
intendent Williams of the banking depart.
ment reported to the attorney general
that he had taken possession Of the VIII
liamSburg Trust Company. the Hamilton
Bank, the Borough Bank. the Jenkins
Trust Company and the international
and inexpedient for those institutions to
continue doing business. Both the attorney
general and Superintendent Williams
sought to cooperate with the officers
and directors of the closed banks in an
effort to put them on their feet again.
Again Thursday Superintendent Williams
Informed the attorney general that the
banks mentioned were unable to secure
the necessary additional capital and that
they should be placed in the hands Of
receivers without further delay.
Statement From Brooklyn.
Mr.. Jackson said today that he will
still continue to cooperate in all efforts
to rehabilitate the banks now in the
hands of temporary receivers. The inves-
tig;ltion thus far has been confined to
the Borough Bank Of Brooklyn and the
Jenkins Trust Company
Attorneys for the Brooklyn bank Is
sued q statement this afternoon. in which
they declared that the Brooklyn bank
and the International Trust Company
have assets $SO0.OOO in excess Of the
amount owed depositors: that they ex-
pect soon to complete arrangements with
depositors to accept certificates of deposit
in part payment of their claims. and that
they hope to avert permanent receiver
ship.
Idaho Bank Suspends
SAND POINT. Idaho. November 16.-
The Traders State Bank, capitalized at
$4,000. suspended payment temporarily
yesterday. Inability to realize On $50, 900
of secured loans IS given as the cause
of suspe nsion. The bank deposits amount
to sf25.O00. all of which the officials have
pledged themselves I, make good.
Run on Buffalo Bank.
Special Dispatch to The Star.
BUFFALO. n. Y. November 16.-A run
that started In a small way yesterday
afternoon assumed fairly large propor-
tions this morning and is now In progress
on the Buffalo Savings Bank. The bank
has a surplus of S2.65S.317. 1t Is one Of
the biggest and strongest banks in the
city The run was started by Polish de-
positors.