The sun., 1907-12-12
BOROUGM BANKS MOVE.
Directors Get order I'm Attempt To Keep
Court Actions I'm Kings County.

hDhEtVNBFS NHEt VhNSb Me fAbsNANpb kp hAUVP
Court Actions I'm Kings County.
Counsel for the Borough Bank Of Brook
Iyn obtained from Justice Walter L. Smith
Of the Supreme Court in Elmira on Tuesday
an order directing the Attorney-GeDeral
to show cause why the hearing on the motion
to make the receivership for that institu-
ton permanent should not be held before
the Sup Court in Kings county instead
of before Justice Belts in Kingston. The
hearing before Justice Belts was scheduled
for this morning. but IL will have to be
adjourned. inasmuch as the order to show
cause was served on the Attorney-C General
yesterday. The order is returnable before
Justice Creuse in Albany this moraing
The Attorney-Generald did not say yester-
day whether or not he will oppose the appli-
cation. Justice Belts appointed the re-
ceivers Of the Borough Bank as well as
the receivers OF all the other suspended
banks and trust companies, with the ex
ception of the Knickerbocker The direc-
tors of the Borough Bank have announced
that they will ask for an adjournment Of
thirty days on the permanent receivership
hearing. They say that by that time they
will be able TO resume. Justice Belts
granted them an adjournment Of about
two weeks when the hearing came up first
in Albany.
Counsel for the Borough Bank also OBJ
tanned from Justice Carr in Brooklyn yes
teIQdy an OTueT GureCLlnK tue Attorney
General and tho receivers of the bank TO
show cause before Justice Belts in Kings
ton to-day why any two or all of the follow
ing depOsitors in the bank should not be
appointed as temporary receivers in place
OF the present nCumbenUs, or permanent
receivers II the circumstances demand
the latter: Herman A Metz, Comptroller;
Charles B. Balmanno. vice-president of
the Mechanics Bank; :. j. EardinR John
II. ORorke, builder in South Brooklyn.
a.Na Il.
General and the receivers to show cause
why Paul GrOut and =. :. WhuehOCse,
counsel for the bank. should not be az
pointed counsel TO the receivers. Mr.
Grout and Mr.. Whitehouse offer to serve
without compensation and IL is under
stood hat the same is true of the four can
didates for receivers. Clarence j. SheaTn
Is counsel to the present temporary re-
ceive"s
( Counsel for the Brooklyn Bank and for
the International Trust Company will
appear before Justice Betts in Kingston
to-day. IL is understood that counsel
for the former institution will not oppose
The making of the reCeivcrship permanent,
but will ask ;hat {. NJ. Higgins. chairman
of the dsposltors' comrnittee, be appointed
permanen, receiver ins,ead Of Bruyn Has
brouck. the temporary receiver. The Inter
national Trust oElpany directors are said
to be satisfied witl me way Goodwin Brown,
,he temporary receiver. has been con-
Among the loans that have been turned
up by ne receivers in the Borough Bank
IL one made ON a deed for 1855 barrels of
whisGey.. A marginal note opposite the
entry of the loan says: Five barrels
missing"
>. >. Whitehouse of counsel for the Bor-
OUgh Bank last nign; gave a statement
which q ,plained Ia detail the value of GER
tain notes amolntin" TO Sli7.6g5. II in
i,J whIcn, he said, Clarence j. Shta~n,
COUNSEL tor the i.O-Olgh Bank rpC.1iN q - .
has dcsi guGtrd Ts suspicious, quyNtiO -
able or taouGGt 10 b. Lc,iiiOus' As tnis
list may also tc ha.-.i 10 the new-p paper
m2l for publication and give 20 tn, depo-i-
tO-5 aud the pdOlC the notion that the
rIC aiytrs have gnyarthcd new batch cf
forged paper, the trutn concerning that
ils; o. notes i hereby given ou, for puhh-
Cit!OI."
His statement go2J mo details over note
made by Chester Il. EOods, A. 4. We0 ge.
'. y. Reilly, Joan g. thomson, Wilifrsd
Wilson. J. r. MOn"o,, ID. +. BuTtis. Ralph
Maynard. A. r: Stswar: a-d Others.