The sun., 1907-12-01
WILLIAMSBURG TRUST 90.
Loans 90 Jenkins Dummies directors
Withdrawals ut last Moment.

Frank l.. Babst of Buffalo. who was ap-
pointed temporary receiver Of the Williams
burg Trust Company by Attorney General
jackson on November 49, made a report
yesterday in the form OF an affidavit which
he submitted TO the Attorney General
for use before Justice Belts at Albany
upon the condition OF the trust company
| on October 25 the day OF its suspension.
| Mr.. Babst's report sets forth that demand
loans aggregating $232. 100. are held by
clerks in the brokerage firm of f. h J. q.
Jenkins, Jr, y Broadway the names OF
four Of whom appeared in the indictments
charging John q. Jenkins. Jr.. Frank and
Fred Jenkins with forgery in making false
entries Of clerks names in the books OF the
Jenkins Trust Company
Waldo I. Hunter. who was charged with
a loan of slOi 900 in the books of the Jenkins
Trust Company Babst finds to be holding
a demand loan of $4,000 from the Williams
burg Trust. Fred c. Young another clerk,
charged with a loan of sos 900 in the Jenkins
| Trust books. appears ON the Williamsburg
| Trust books as the recipient OF a demand
| loan of SiS.OOO. Fred Kaiser, charged with
a loan Of $iOt,OOO on the Jenkins Trust, is
down on the Williamsburg Trust books
: for $4,000. G. +. Reuter- a debtor credited
4 on the Jenkins books with SIS, 600, appears
on the Williamsburg Trust accounts as
| charged with demand loan Of Si7t 500
This latter loan is not guaranteed. accord
ing to Babst's report. and for it there is
held collateral of the estimated value of
| S73. lfS. J. q. Jenkins, Sr.. stated to George
| S. Leonard, the bank examiner. that he
is responsible for the Reuter- loan and
that he intends to pay it if he can find the
funds
Aside from these demand loans two
others appear: One to Albert Schaible for
! S42, 100 and one to Fred Jenkins for $40 900.
| Both of these men are clerks in thebrokera ge
! Office of the Jenkins Bros, saws Babst
! The receiver takesup the matter Of directors
! of the Williamsburg Trust Company who
| had no funds in the institution at the time
! IL suspended Anthony n. Brady, he says,
/ had none, nor did j. @. Jenkins Jenkins
owed a demand loan Of S43, ,537.50. On
| May rs Moses May, another director. had
| q balance to his credit OF 81, ,04SS4, and at
! that time there was demand loan of S13 600
owing Reba e. Bamberger. the same being
/ the balance of an aggregate loan of SIS 900
| made "a her. All the moneys received on
! account Of these loans went directly into
| the account of Moses May, who had made
! payments on the account thereof which had
! reduced il to 5000. On October 25 there
! appears a record of 5000 paid by him on
! rha hamburger loan and the balance was
| changed TO & time lOdn que III tNreO months.
| This latter payment. together with another
| check for Sl6.64. reduced the balance to
| Ss3c.2'
| Thomas F jackson. another director.
| had a balance of $44452 at the time the
| company suspended, says Babst, and was
| the indorser on one note of =. M. Neff for
/ s. s,As., and ON another note OF the ame
man for $40 $40 he was the guarantor.
Director MARSHALL =. briggs had a bal
| anct to his credit on the day of suspension
| ~ s2ii sS The Williamsburg City Fire
| insurance Company, of which briggs is
| president, had On deposit on October Is
| S25, ,j53.G5. On that date the insurance
company drew x2O,OOO leaving balance of
| 81. .553.G5.
| Director John W. Weber had balance
| in the Broadway and Myrtle avenue branch
| Of the Williamsburg TrUst Company Of
/ 81, 7Bu67 on the date of suspension. The
| company held against him at the same
| time demand loan Of SiO,5OD.
| j. j, COoney, another director, had a
| balance in the company on October "a Of
! S3l3 ~ and on October "a the firm Of COOney,
| Eckstein h Co. of which J. J. Cooney is a
| member. had a deposit Of s3S, ,8i3.0S. On
! that day they Withdrew S25,OOO and on
| October IS they Withdrew 50 00068. leaving
! a balance Of S2,542.i2.
| On October % Director Robert T. Whalen
| had on deposit the sum Of $40. 423.I7 in the
main Office and Sl3, 3,22s.i5 in the Fulton
| street branch. On that day he drew 5000
| with two certified checks Of 5000 each
! and on October "a he drew 5000. leaving
| his balance when the company closed
| $7,i2317.
Charles VI. Davidson. one of the directors,