New-York tribune., 1907-10-24

Dollar Savings Bank. Most of its depositors are
foreigners Some one the crowd waiting for
tho Knickerbocker branch 10 open and that was
enough. There was d bigger crowd waiting to get
in the savings bank in an hour than there vas
waiting for the trust company to open. When the
savings bank opened everybody was paid of as
quickly possible, but as their deposits were all
small only SO 100 had been paid out by noon.
When the trust company did not open the women
who rredom.nated I'm the crowd. began 20 scream
and yell Everything in disorder, but the police
finally got the people into line. The larger part Of
the crowd was composed OF Jewish women and
shopkeepers who grew hysterical as the doors re-
maned closed. Early In the afternoon the police
tried to persuade the depositors TO go home. but
they refused TO listen. Until long after banking
hours scores stood around gazing dunlbly at the
closed doors.
II was not until about o'clock that the de-
positors began 10 assemble at the branch at 18TH
street and Lenox avenue. After the line had been
formed IL was seen that most OF those standing
| along the sidewalk were messenger boys hired 10
keep a place for some depositor. Perhaps three
| hundred persons were in the struggling line when
8 A. Stafford a state bank examiner. arrived. He
| had some trouble getting in. bat finally won en-
| trance through the basement When the notice
was posted at 10 o'clock that the branch would
| not open about five hundred were waiting. The
! line broke up and crowded around the door Some
| went away at once while the others hung around
| sorrowfuy.
| About three hundred worried ones gathered at an
4
trust company. The line by o'clock was growing
| by leaps and bounds and the promise was given
| OF great surging throns before another hour
| had passed. Joseph s. Auerbach. counsel for the
trust company entered the Offices at s-l0 o CLOCK
tTs had come IL was intmated. TO attend the meet
ing Of directors which il was announced last night
was slated for this morning. The appearance OF
sova-,i other men who hurriedy entered the trust
comrany's Offices about the same hour. lent color
! to the impression that such meeting was ABOUT
20 be held.
| There is nothing new in the situation" said Mr.
/ AuerbacE there have been 10 important develop
uents over night and We are hopeful or belns
| able - reopen our doors hero and at oil branches
| this morning. We may issue statement little
| later but that is not at all positive.
Justice Mccall IN tho Supreme Court. has issued
an order directing several officials Of the knicker
| booker Trust Company to appear before II reieree
| tomorrow In the suit brought by the company
! against Mrs Henrietta 9 Schroeder a Flith ave
uc unodistc wherein the latter charges conspiracy
and attempt defraud on the part OF the hhlcAer
! booker Trust Company. The action OF inc rus
I ror,panv is 20 recover 5000 on a note MIS-
! Schroeder bought stocks in the New Jersey Ter
uiual Dock and Improvement Company rom
! NT,uric, Martens an investment broker. The
| ,,,i,,orro,ter Trust Company the under
! writer for the improvement company, and Charss
r Barney at that time president OF the trust com
nan, was a director In the latter concern. Mrs
schroeder deposited the shares Of stock. valued Ut
20 a. with the trust company security TOR
! mote of $500 paying I'm cash on her purchase
! .-tt- The Improvement company became m
! solvent and her defence the defendant chaises
tra+ the Knckarbocker Trust Company knew OF
it's Insolvency that the 5000 was not legitimate
d loan saying that it part Of the conspiracy w
. dafraud her. She makes counter claim against
/ tho trust for the sI.6lI she paid out in cash
Randolph NJ. Newman, attorney for MIS-
| Schroeder SAYS he represents clients who hold IN
| tbe aggregate about S2Oo"0 Of stock in tho In
| solvent company.
! The Knckerbocker is now the owner Of record
Of the greater part of the westerly block front In
/ Seventh avenue. between 49th and 50th streets.
Tho size Of the parcel $50 feet by irregular,
\ reinforced concrete garage recently built at
/ tho south end OF the premises. Tho trust COM
pauy got title to the property yesterday. As the
market vauc Of the premises is about $65oo00 the
! assets the company appear to have been in
creased by about $4,000. Tho property carries
/ mortgage of $2o,N00. According TO the deeds
/ corded yesterday James r. Hay. who usually
; represents Charles T. Barney In his real estate
deals. transferred title to the premises to Mr..
Barney, who in turn retransferred title 20 Charles
j. Horton Mr. Horton then transferred tho title
10 the trust company. The consideration In each
, case nominal Why tho trust company got
I control of the property could be learned last
/ night.
This makes the third deed filed in the last two
days affecting the realty holdings OF Mr.. Barney
ON Tuesday Mr.. Barney transferred title TO No H.
/ West 55th street to Walter Warren, and he mort
! gagged on the same day his home at the northeast
corner of 3Sth street and Park avenue to Samuel
n. Eoyt for $4,000 for two years.