New-York tribune., 1907-12-08
EASING UP On BANKS.
CITY FUNDS TO REWAIN.
Borough Institutions L'ab't't'es
Hare Been Reduced $500, 900.

f,ealizing tnat there is little chance OF reopennS
the Borough Bank so long as it is under the neces
xtH, of having out Immediately several large de-
oe,,s aeeregatfne over coo. which under or
s,,arx circumstances would have 10 be pald at
nce the depositors' committee is straining every
n,.rle 10 devise some way of holding TINS money.
An effort has been made to induce the receiver OF
,l international Trust Company TO take the soSVVo
NJ that institution the basis OF lo per ceilt d
- 7 Dooher secretary of the committee
aid last night that counsel for the receiver OF ''
institution was already preparing papers 1or sucn
8 motion before the court. Controller Metz is salo
to have promised TO keep the $lsZ"S OF city linus linus
,n ,be institution and give bond 10 the CRY
.-.sns-' anv loss The National Surety Company
which owns an assigned claim from me stat -
said 10 be willing to take its money IN TWO
1uents This claim is fer money whlch tie So 80
had in the bank on which the surety company i"u
a hord. ,.,,-. of
The committee is also persuadns the holue4S "
noies to sign agreements to make tnelr notes tas
.h;a Al once and to offset them on thelF "epo
TIE members say they have been able 10 wipe o1h
-. taols moro than x5aa0 in liabilities by apply
ing r5em 20 notes in this way, and ulaI a" ~
sleae,o has been or viii be paid IN by thos0 "'''>
notes exceeded their deposits r., -,
The Stockholders are subscribing luru "
So GOO which they will put up term deposit III
case the hank reopcns- The list of depoS'ois WI"
have signed deferred payment agreements
footed up by the receivers yesterday II Si -
10 81 500 No0 Members of the deposl'ois Coi
ro5n n visit other def1oSlloi9 e''-@
effort to induce them TO sign such agreements
In looking ED the property which the bo'ousn
Bank is supposed TO mold on ass'shi'e'. -
Howard .Iaxwen and Others the receivers ie"'
Yesterday that f. W Sparks. VINO i no"
ma, Of The dcpostors' committee. holds u'le aS
,,,,e, O n some of it, They have been told ne 10
trustee for Mr.. Maxwell and others OF mag
lots in Thompson avenue, Long Island Ut! aiiu ~
-. 1ots in Hollis Wood a one-eightn interest III
The former and a one-thrd interest III ''e ''
were turned 10 the bank
Tho deposit of Mr Sparks is s4soo. and, accord
ing TO the receivers. he has note III the p'"h ip
nsos and is indorser on two notes for Joseph /.
Myo,,aon for s. eo each. The latter is in The same
Office with Nir Sparks
NJ sna1lzs said last night that he had been in
tercsted with Mr.. Maxwell and F. w Doohttie IN
the THOMPSON svenue property ana hoHls Noou'
having mt s. int former deal ana >'"" INTO
the latter. He had ncen made trustee OF me Ior-
,ner because some one had TO hold the title ana as
he was an unmarried there would De no
trouble about dover rights. The trustee OF me
Hollis Wood property. he said. was the NaNaho
Realty COMPANY which had been organized pS
himself and others the purpose OF hodlng ulles
"a rrnncrt, There is q first mortgage of $4,000
and 4 second mortgage of $1,000 on Hollis WOOD
From hasty examination of the assignments OF
rr perry made 20 the bank by John S, Jenkins. the
receivers have the impression that title TO some OF
il rests with the Oriental Bank
4 list twenty names of men who nave con-
ented 10 allow their to be used al the etec-
ron of eight directors OF the bank by the depostoTs
at the Columbia Theatre. Tuesday. at 10 a M,
was sent cut last night The list is as follows:
Alfred Hamilton retired builder; John H q Rourke,
contractor: Thomas j. Hickey. merchant; Herman
H Iucke retired builder; William Mccormack
builder; DIR. John E. Sheppard: Daniel l. Ihomp-
son naraeer Of the Eighth Ward branch; & h
Duffy Of the Duffy Plasterboard Company; Joseph
NJ I,ele drygoods Dr. Edward Day Ferris; George
N{,es builder; Morris Green, builder; August Grll'
gsse dealer; Francis Lee Leslie M Wright, of the
Coal Tar Products Company: J. E Palmer, with
T. Curley & Co. carriage builders; J. Hunter Lack
lawyer: Monroe Stiner. builder; Henry w Roll
contractor: Judson H. Paige, real estate; Henry l.
Kettlehodt. grocer, and john E Thompson. real
estate majority Of these men live in South
Brooklyn ana Bay Ridge. a depostor will have
space on his ballot 10 write in other names II those
proposed do suit him.
{. NJ. Stafford. counsel of the depositors' COM
mttee OF the Brooklyn Bank last night severely
criticised the report of the receiver being erro-
neous in many particulars. The directors Of the
Brooklyn Bank and the international Trust Com
pany will meet at the Clarendon to-day
The Brooklyn League has decided to take a hand
in the bank situation. and on Tuesday night VIII
hold meeting consider the advisability OF send
ing counsel 10 Kingston Thursday TO oppose the
appointment Of permanent receivers for the various
institutions