New-York tribune., 1907-11-01
sDEPOSITORS JOIN Ranks.
Hhrce KnicEcerbocker Committees
Unite an One Body.

The three committees representing depositors in
ithe KnickeTbocker Trust Company, which were or
.sanzed soon after tie company went into the
1hands of receivers met yesterday afternoon in the
Office of Samuel Untermyer, at No. 81 Wall street
voted TO consolidate into committee and ap-
pointed committee OF seven members to look after
the interests OF depositOrs. Claims IN excess OF
's2. .000 O00 represented at the meeting.
The members Of the committee of seven arc all
large depositors Representative OF large depos-
tors. After the meeting appeal was issued 10
all the depositors in the company asking them to
cooperate with the committee. The members Of
the committee are as follows: Peter Doelger. jr.,
brewer: Andrew Freedman, representing the Inter
'borough-Metropolitan Company; Tired Nathan
representing the International Steam Pump Com
pany; Herman Sielcken. coffee merchant; Moses II.
Cirossman, Of the law firm of House. Grossman &
'Torhaus. representing depositoTs; Charles A Bro
dek, If the law firm of Wilcox Brodek. represent
Eng depositors: Joseph J. ODonohue, jr., president
iof the Brooklyn Ferry Company. Mr.. Brodek was
elected secretary Of the committee and Mr. Inter
,uyer will ccursel.
Prior TO the merging or the three committees
.AIessrs. Brodek and Grossman headed two inde-
pendent committees OF depositors. After the con-
solidston Mr.. Brodek. secretary. made the fol-
lowing statement
Ever. member of the committee is depositor or
1he direct nominee OF depositors- Mr.. Grossman
and ! a7o acting on the committee for our clients
who include a large number of the smaller depos-
ftor7. ard some of The larger ones VINO are IS hEt
,ne1noors The committee is at this time generaIy
autLcIize,i 20 speak fU- over S@.oO0:ooo OF dePoS
1t0rs. eEc already has TIE support of great hooy
Ne a9e nov working upon plan for Tehab3ilitat- .t
Bfter What has happened, the company viii not be
strong eopcgh TO open its door and succeed IN doln
panies II has a valIaoIe good will which ought
10 be preserved. rs business as trustee. which re-
quires capital is said - yield a net profit OF
$25o.20o year, i has over twenty-five thousand
,cpostors. wlica - in Itself enormously 7alua-
bic good VIII. = it can oe preserved. .,,-. .,o..-
i IS ra Lap- early in the day to outline plans
The committee must first know through an investi-
the 2act situation of me company. Then. and not
tll the. viii it BE possible 10 put forth an intsl-
chartered accountants has been employed:
l. i the purpose OF the committee so far as Prac-
tors in the hope Of the fomP@ny s1 :! but
by hasty and immature action
The committee issued the following notice TO all
depositors IN the company
The undersigned depositors. and representing di-
Tectly and solely dePostors, have consented 10 act
committee for the protection Of the interests
of ell depostors similarly situated. The committee
is about TO enter upon preliminary ana inde-
nnsnT Messrs Touch Nfven & Co English char
tered accountants have been employed 70 act for
which viii be shortly followed by the recomnenda
fion Of a plan Cor rehafIltaiing the company. You
5al,tae VIII from time time add its number
sattsr ere ascertained. Depositors are invited to
ga a 3 a a9IeS @ Aor = R2aek % SER seaTeaFT 5sy.
addresses end me amounts Of their deposits.
George L. Riv,s qualified yesterday afternoon
ore OF the receivers for the Knckerbocker Trust
Company. giving :5J901o bond, Henry c. lie
and Ernst Thaln2ann, the two other receivers, had
previously done. The three receivers will take
charge Of the coTnpanys affairs this morning, and
viii probably issue in tie future an official
statement as to the conpany's assets and liabi-
ties. Mr.. Thamann said last night that the public
must have patience, the receivers would have
10 go through q mass OF details before they would
be prepared 10 Issue Z statement.
The committee appointed by the board Of d.
Tectors Of tie company 70 examine into the cond-
tion % It's affairs reported yesterday that the assets
would realize q gum considerably in excess OF the
amount due TO .depos;tors. This committee was
made up Of G. L. 3DisseFain. William \. Tucker
c p Perrin. Leopold Wallach and John Magee
The reorganization committee held a meeting YES
terday afternoon az The main Office of the company
ct No. IS Broadway. and considered plans for re-
suninS business. but after the meeting the d.
rectors who attended Il announced that nothing
definite had been agreed upon.