The daily morning journal and courier., 1907-10-23
TREASURY ID
 AID OF BANKS
Continued from First Page.)

NCOnllnueQ rom FlrSI Page.) preconceived ideas of how much money , will be required to relieve the situa- ton, and the matter of treasury relief measures will be determined by what he learns tonight. He will do all that he can to relieve the present stress. S3.N"n0o0 Government Aid Already.
 Before leaving Washington late to- day, MT. Cortelyou directed that $6,00O,- GOO be deposited with New York banks as soon as the necessary collateral had l been furnished.
 l He also issued statement in Wash 1 ington to-day, which when received here, was reassuring and did much to l put a better face on things, and it ] was predicted that the secretarys visit 1 would result in further deposits here of $15,OO0,0OO
 Knickerbocker the Storm Center.
 The Knickerbocker Trust Co.,, the storm center to-day, paid out cash to depositors at the rate of $44,444 i minute for three hours this morning, and then closed its doors. The direc- tors had, as they thought, fully pre- pared for a run and caused to be an- nounced in to-day's papers that $S,- 000000 in cash was on hand to meet all eventualities
 At 930 o'clock a few depositors withdrew their accounts, and an hour later hundreds were in line to take out tAeir deposits at the main offices at Thirty-fourth street and Fifth ave- nue, and at the Harlem, the Bronx and the downtown branches. The $S,- 000,000 lasted until 12:30 when
 Payments Stopped.
 The $8,000,OOO lasted until 12:3O when Yice-president Joseph T. Brown an nounced that the bank had no more cash available and payments were sus- pended. MT. Brown said that the bank would open tomorrow and payments be resumed at 10:90 o'clock. The Knic- kerbocker, it was announced had am pie securities to meet all demands, was
 perfectly solvent and it was only a question of raising the cash, which all deposltors who wished to withdraw do :, so. Tonight desperate efforts were
 being made by the officials of the 7 Knickerbocker to get In their loans , and otherwise replenlsh their casf , vaults. Acting state supt. of Banks l George L. Skinner, who throughout tht
 day had expressed confidence that thu
 bank would meet all obligations, quai
 filed his position tonight when he is
 sued the following statement: r "This afternoon about o'clock \ having received no positive assurance v of help from the Knickerbocker Trus
 company, I conferred with the attor
 ney-general, telling him that, Whil, - it's affairs were not hopeless, the! Il were in so critical condition that IT thought he should be prepared to ac h at any time. At about half-past flv of o'clock I again communicated wit III him, giving as complete a statemen st of facts as was possible over the tele 5r phone. have also had writte ,h statement made to him from the mai a office of the state banking depart ss ment in Albany.
 il '"The Knickerbocker Trust compan ,a is not without hope that it may sti 4 receive adequate aid from financial in \ stitutions. If It does, it will open it ,r doors as usual. If it does not, it wi p- not open its doors in the morning an n+ I, of course, shall act under the advie
 of the attorney general, who is mad ,s by law the legal adviser of the stat .v banking department
 cs State Attorney General on Ground it Later Mir Skinner received word tht w Attorney General Jackson had left A ,d bany for New York and would me- ol Mir. Skinner and representatives of tt 9. Knckenbocker and other banks in e. conference late tonight.
 a. Bankers not directly associate a+ with the Knickerbocker were quite ', anxious that It's integrity be mail ar tained, and many conferences we ol held tonight with view to puttlr .d the Knickerbocker on its feet, if tn ho could be accomplished without wea re ening other institutions. George ba Young, of the Windsor Trust cor ,n pany, expressed the sentiment bankers generally when he said es night:
 of Tt would be suicidal for the oth ha trust companies not to desire to sa nd the Knickerbocker,"
 ,a Morgan and Partners Confer. S, J. F. Morgan and his partners we ai in conference at their Wall street iio fees until after o'clock MT. Morgs s when asked as to the situation, sal liu "We are doing everything we c .oi .o as fast as we can, but nothing has ! to crystalized."
 " IA raf,yead to dier11ec fhn Knfply len booker Trust company and would g the mo intimation as to the plans unt "" way to alleviate the situation. ' George W. Perkins. MT. Morga trust company officials at the Un - League club at Il o'clock to-nii
 when the financial situation was e M vassed in an informal way: A There was a meeting of the TT H hours to-day at which committee e # sisting of George W. Young, of M Windsor Trust company Otto T. B
 nard of the New York Trust compa
 and Clarence Fl, Keller of the T
 Guarantee and Trust company, was
 pointed to confer with the officials
 the Knickerbocker with a view to M tending such assistance to that com % ny as an investigation of the comps
 would warrant The oi1cial staten @ concerning the meeting said that tw
 ty-fve presidents of New York
 Brooklyn were present and that a e
 mittee to report on plan of closer
 operation among trust companies
 also named
 A. Foster Higgins, who last night : M chosen to the presidency of the Khi
 erbocker when Charles T. Barney
 signed, was present at this meeting RI laid before the others statement Fl the Knickerbockers affairs He as E aid for the institution and then W M drew hurrVine away to a meeting E lthe directors of the Knickerboc E lI n+nr ho ea id thnt thn rrrnst cn1nna1