New-York tribune., 1907-10-26
SUSPEND IN BROOKLYN.
NOTICE FROM SIX BANKS.
officials. HO1ceUer, Declare Institu-
tiOns SOLUeRt.

mons y OOLCeRt.
cIx banks with their branches, suspended
r.,,uents in Brooklyn yesterday There were
heavv Withdrawals from several other banks
.enecially the savings banks, but bankers in
rosition TO know said the Brooklyn banks were
.ovent and that there would be no actual fail
r-ss The International Trust Company Of Man
haitian, organized by persons interested In two
~ the Brooklyn banks, also suspended
The banks that suspended, according to the
REPORTS of last August, are follows:
First National Bank, Kent avenue and Broad
way, John G. Jenkins, president; surplus S7O1,-
345: deposits S4.2S5,774
Williamsburg Trust Company Broadway and
Kent avenue; Frank Jenkins president
branches at No. 3O1 Fulton street and at
Broadway and Myrtle avenue): surplus. $685.
sos; deposits. $S.360,25O.
Jenkins Trust Company, Gates and Nostrand
avenues. J. G. Jenkins. jr., president branches
at Surf avenue and West 18th street. Coney ISL
and: at Bay Doth street and Bath avenue, Bath
Beach; at Broadway and Myrtle avenue and at
No. 1745 Broadway; surplus, 1856. .1S5: deposits
S4344,SS2.
Borough Bank, No. 20 Court street; Howard
Maxwell president branches, old Eighth Ward
Bank. at Third avenue and 51st street; at New
Utrecht avenue. Borough Park; surplus S179-
$40; deposits, $4.G4O, 43S
Brooklyn Bank. Fulton and Clinton streets
(branch of the International Trust Company, H
E Hutchinson, vice-president in charge); sur
plus, S112.160: deposits. s., ,469, sos
Guardian Savings Bank, Third avenue and
S9th street
READY FUNDS LACKING
The Brooklyn Bank which is a branch of the
International Trust Company of Manhattan. and
the Borough Bank, posted notices OF suspension
due to lack OF ready funds before the opening
Of banking hours. Soon after il opened the
Guardian Savings Bank, which is a small in
stitution, Of which Controller Herman A. Metz
vas formerly president. found it necessary to
resort 70 the sixty day clause" which gives
savings banks the right to demand sixty days
notice of withdrawal on the part Of their depos-
ltors. Payment was stopped at once It was
said that the Guardian deposited $4,000 with
the Borough Bank on Thursday When II
wanted to get the money yesterday It could not
DO so on account Of the suspension of the Bor-
ough Bank
Inc Williamsburg Trust Company suspended
payment about 1870 O'Clock Soon after notice
OF suspension was posted in the main Office and
pranches OF the Jenkins Trust COMPANY. The
ofhcers Of both institutions declared them n
be perfectly solvent, but unable to meet tba
heavy demands of depositors for cash TY,a
suspension Of the First National Bank. which
was the only Brooklyn member of the New
York Clearing House, was directly due # Was
sald' TO the suspension Of the Williamsburg and
the jenkins Trust companies, for which the
First National of Brooklyn acted as clearino
agent. The directors of the latter KNOWING tbst
they would be responsible for the paper of the
uust companies that might come in TODAY If
they did not suspend, decided that suspension
would be the best way of protecting their own
deposftors
- Nohtroiier Ridgely placed George T. Cults
national bank examiner, in charge. The latest
reports from the First National of BROOKLYN
received by the Controller of the Currencv
showed deposits Of So. 900 706. surplus funds ana
undivided profits of S701.345 and loans and dis
counts OF S2677.4S4
SOME BANK HISTORY.
The First National Bank was organized In
1Sj2- Early last September Americas J. Leon
ard, formerly Of the Fourth National Bank of
Manhattan, elected vice-president and it
was announced he would take over much of the
management of the bank. as John G. Jenkins.
sr- the president, was an old man. Mr.. Jenkins
was taken sick at the bank last night and was
taken TO his home in Sea Cliff Marshall S
briggs, president Of the Williamsburg City
Fire Insurance Company. who had been allied
WIN the various Jenkins enterprises withdrew
Lom the First National Bank several months
ago. 1t was said there had been some misun-
oerstanding between him and Mr.. jenkins With
MI briggs went a number of his friends II
was declared yesterday that the Brooklyn RapId
Transit Company had recently withdrawn much
OF It's money from the First National
The Williamsburg Trust Company was or
Eanized in 1899. John G. Jenkins sr was its
president for many years, but last November ne
resigned in favor of his son Frank The Jenkins
Trust Company was organized in 1905, with
John G. Jenkins. jr., president. Soon after
ward ii absorbed number Of small banks and
organized several branches.
II was learned that the Williamsburg Trust
Company was short OF cash when before noon ii
refused 70 cash check for $4,000 but offered
check on another bank. A director who had
tried 10 raise S250.000 on 100000 Of collateral
early IN the morning in Manhattan reported his
failure The depositors kept coming in such
large numbers that suspension was the only
course TO pursue. Fernando Folanger. counsel