New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-10-22

-ireIy apart from the other. Mr.. Barney is a
director in the American Ice Company, MT
Morse's largest venture prior 10 the 1otation OF
the Consolidated Steamship Company, and is
credited with being the largest holder Of Amer
Scan Ice Company stock next to Mr.. Morse.
In addition. the two men have been together
in the boards Of the following corporations:
p Century Realty Company National Bank OF
North America, New Amsterdam National
Bank New Amsterdam Safe Deposit Company
New York Mortgage and Security Company ana
the Title Insurance Company Of New YORK IN
deed, in every one OF the companies just named
either Mr.. Barney Mr. Morse was VICE
president az well as both serving as directors
Both men were known 10 be more or less ex-
4ensively interested in local real estate opera
Tions.
The Knickerbocker Trust Company several
years ago invested large sum of money IN
palatial banking offices for its uptown brahch
at Fifth avenue and Bath street, and when the
Consolidated Exchange moved into its new home
q short time ago the trust company took over
the old quarters Of the exchange at NO. on
Broadway, which IT is remodelling for It's mann
offices. In its statement of condition issued on
Julv 1 last nearly a million dollars was charged
of to the account of this new building
VICE PRESIDENT ELDRIDGE ILL.
,,f the KnickerbockeF Trust Company. has been
IN moor health and abroad for the greater part
f +E7a time for the last year. He recently re-
turned 10 this city. and while still infirm Tell
down a fight Of spiral stairs In his home' at
-lo a East 10th street, and broke leg. he
has been in Dr. Bulls private sanatorlum' al
No. SO East 33d street for the last six weeks
and is about ready 10 be discharged. For more
than year he has taken no active part In the
- so &Pf,zf mn
President Barney has been in charge at the
~ ,,ain Office, at No. 66 Broadway and Joseph T.
Brown. the second vice president, has been at
tho head Of the cOnpany's large uptown branch
+ Fifth avenue and saith street Mr.. Brown
only Yesterday morning, il was learned last
night advised a warm personal friend 10 ue-
posit q large sum or money in the knlckeroocher
Trust Company. assuring him that the lnsutu-
ton was in splendid condition.
Earlier in the day the National Bank OF COM
,neroa advised the Knickerbocker Trust Com
many that from to-day ii would no longer
act as clearing agent for that institution. NO
+ices from the Bank of Commerce Of its action
were delivered TO the banks by messengers
The Knickerbocker is one of the very Few trust
companies which did not join in the secession
from Clearing House utilization few years ago
The law formerly gave a clearing agent q
claim on the funds deposited with 1t by an IN
stitution clearing through #, so that II the ial-
ter should become embarrassed It's clearing
agent could reimburse itself for advances made
# in making clearauces. Last February. how
ever the banking law was amended so as TO
direct that In case of failure Of an institution
affiliated with the Clearing House fits receiver
should take over the balance which it might
have on deposit with its clearing agent.
An officer of the National Bank of Commerce
said Yesterday afternoon that the notice 10 the
KnIckerbocker Trust Company of discontinue
snce Of the clearing relation spoke for Itself and
that The bank did not desire TO make any state
snent regarding it.
Mr. BARNEY's RECORD.
Charles T Barney has for many years been
ono of the realty leaders of this city. He owns
or has a large interest In property valued at
many hundred thousands. In 1902 and 1903 he
was one OF the largest buyers along the subway
in the Washington Heights and the DyckInan
sections. The property he then controlled was
estimated 10 be valued at many millions.
The greater part Of those holdings he sold
during the phenomenal purchasing movement
following the opening Of the subway in 1904.
Teapng large profit from his investments
Mr.. Barney is director in the American Ice
Company, and an officer. director or trustee in
q large number Of other companies including
1ional Bank Of North America, Bank for Saw
Sings. French American Bank, National Bank Of
Commerce, New Amsterdam National Bank
Coal and Iron National Bank. the Trust Com
pany Of America. Albany Trust Company.
Chemung Canal Trust Company, Corporation
Trust Company of New Jersey Schenectady
Trust Company and the westchester Trust Com
panv.
He is also president and a director Of the
Rnickerbocker Safe Deposit Company and a di-
rector Of the New Amsterdam Safe Deposit
Company. vice-president and director Of the
Century Realty Company and a director IN the
following land and realty companies: Alliance
Realty Company, Chelsea Realty Company.
Matawok Land Company and United States
Realty and Improvement Company. He is presi
oent and director Of the New Theatre and
We New York Loan and Improvement Company
Flee-presdent and director OF the New Yor.r
Mortgage and Security Company and the Title
insurance Company OF New York and a III
fecter in the New Jersey Terminal Dock and
Improvement Company Cuba Railroad Com
pany chihuahua Mining Company. Deem Craval
Mining Company, Goedland Cypress Connar,-
HUDSON Mortgage Company and the Long Island
HotoF FaFk"ay Mr.. Barney is also a member