The sun. [volume] (New York [N.Y.]) 1833-1916, 1907-11-23
MAXWELL CAN'T GET BAIL
BOROUGH BANK HEAD SPENDS
&&COND NIGHT ~ JAIL.

|
On the Verge Of Collapse. HIs Friends Say
Gets Cows Last . indictments FIX
Docted Against Three More NHen-Jeu.
hns Collateral In Trust Company.
Howard Maxwell. the indicted ex-presi-
hent Of the Borough Bank. Brooklyn, was
unable yesterday TO raise the $50. 600 bail
fired in his case, and he is still looked up
IN Raymond street Jail. Mr.. MaXwelPs
counsel reported TO the District Attorneys
once two OF three times yesterday that
they expected TO be- able to furnish security
in time to save their client from spending
another night in a cell. but at Q O'Clock
they sent word that nothing could be done
until to-day.
Maxwell has about broken down, and his
friends fear that unless something ia done
for him to-day he will collapse. Maxwell
took the proceedings al Police Headquarters
and in the court room on Thursday much
harder than did either William Cow or
Arthur d. Campbell. who were indicted
with him and both Of whom secured bail.
Maxwell has cell 10 in tier Don the second
Snoor. He slept little ON Thursday night.
hut paced up and down in his cell and read
newspapers until after ? o'clock in the
morning. Then he threw himself on his
cot, hut was restless. At 9 O'Clock in
the morning he went to the bars OF his cell
and asked il he would be allowed to nave
special food. Upon learning there was no
objection TO this, he sent one of the iailers
10 a restaurant on Fulton street, about a
mile away. The jailer brought back a good
breakfast. but when it was placed before
him Maxwell ate little.
Ma xwell when he was taken TO Jail had
: pnly 50 in his pockets. He got hat in this
way:
When it had finally been determined tina
Maxwell would be unable to get bail. Cow
turned to him and said:
Well. Maxwell. there may I've some
ltrlr things you will want through the
night. have you any money!"
-Not.a cent in the world" was Naxwerrs
reply.
We'll. here replied Cow handing over
Bhree one dollar bills, Its all I've got TO
my name
Both Cow and Maxwell turned over
everything they had. including their homes.
10 the bank to secure il against loss. The
total amount Of the collateral turned over
by Maxwell and Cow and one or two others
amounted to S767 900.
Indictments will be sought in he Borough
Bank case against three more men. but il is
not likely hat they will be handed down
until the middle of next week. OF the three
additional indictments in the case of the
Borough Bank of Brooklyn two are for
men who have already been mentioned
IN connection with the scandal One. for
perjury. is understood to name a close
associate OF Cow. Another is for grand
larceny and names a director Of the bank.
He. IL is alleged drew a large sum from the
bank on the day before the suspension.
The Grand Jury adjourned az noop
Yesterday after examining one witness,
Charles Grill. the pass book clerk ia the bank.
II win not resume the investigation until
Monday. The Grand Jury's term expires
next Saturday. and It IL likely that a new
Jury will be ~impanelled To investigate the
affairs Of the Jenkins Trust Company and
other Brooklyn institutions.
1t was learned yesterday that the collateral
behind The loans made by the Jenkins
interests from the Jenkins Trus Company
consisted chiefly Of First National Bank
stock. stock of the F. d J. q. Jenkins. Jr..
4 Co. brokerage firm, and American Malt
preferred. These loans 10 $751;
900. They were divide up A. follows:
&. H.. Reuter-. a clerk in the Jenkins broker
age firm, had S5S. OOO; Fred Kaiser. the
manager Of the company, got S62. 600; =. G.
Young, another clerk. got sos 600 and
Waldo Hunter. another clerk. got SlO4 400.
Fred Jenkins. a brother OF the president
81 the company. borrowed $4,000 and the
brokerage firm itself tlsS .OOO.
Three hundred of the 1000 depositors
Of the Jenkins Trust Company held a meet
Ing in the assembly hall of the Y. VI. G. A.
building at Bedford avenue and Monroe
street last night to make plans for an or
ganization of the depositors. A committee
Of ten was appointed. headed by T.. l..
Striker. Resolutions were adopted for
this committee to confer with similar COM
mittees to he named by the depositors of
each Of the trust ~company's branches.
all the committees 10 be present at another
meeting Of the main Office depositors to
he held at the sams r'.ce next Tuesdsy
night. Mr.. StTyker's committs expects
To have something to report at that time.
The sense Of the meeting was indicated
in several speeches that there should
he a h~ousecleaning IN the trust company.
Al the officers az we'll as President Jenki ns
and Secretary Conklin should resign.
Speeches were made by the Rev. A. Stewart
Walsh. Mr.. Stryker and Judge Finnerty Of