New-York tribune., 1907-11-24

him by man named Jaggars was never actual
ly made. He is said to have told the investi-
eating directors that he owned a triangular
piece Of property in 9th street which was TO
have been bought by a named Jaggars
when it had been added to by the purchase OF
the complementary triangle. He borrowed the
5000 he is said to have told the directors, TO
acquire the additional property. Jaggars was to
have bought the completed square and given 10
Mr. Jenkins mortgage for $1,000 in addition TO
cash; but Jaggers it seems. backed out OF the
bargain. Mr.. Jenkins later sold the property to
some one else for $4,000. When asked by the
directors of the Borough Bank why he did not
tell them of the sale or take up his note ne Is
said to have replied: This once my memory
got me into hole. l forgot all about it MI
Jenkins has transferred some of his property 10
the Borough Bank
One of the indictments that will probably be
handed in on Tuesday will be based on a charge
of perjury In the testimony of an associate OF
William Cow before the grand jury. He is said
to have denied knowledge of certain features
of the $4,000 check which was charged
against the estate of Carrie NJ Mcguire and the
$4,000 note turned over to the Oriental Bank,
both Of which transactions were made to make
up the $1000,o00 capital necessary TO put the
International Trust Company on its feet
w S. HURLEY NEARLY CAUGHT.
A story told last night shows how nearly
William S. Hurley. vice president OF the Bor
ough Bank. whose heart has been nearly broken
by the revelations of the secret transactions of
those he trusted. came to being made unwit-
tingly party to the forgery committed in the
signing of the quarterly report of the bank
to the State Banking Department in June Ar
thur n. Campbell and Howard Maxwell are
under indictment for forgery i'm the third de-
gree in signing this statement. which is al
legged to be false in that il said that the over
drafts of deDositors at the time the report was
made were only about 5000 whereas they were
really some $24.O0O
1t is said that Ar Hurley was hurrying to
luncheon through the bank from his office in the
rear one when Mr.. Campbell handed him
document and pen already dipped in ink.
Wont you please sign this said Mr.. Camp
bell. Mr.. Maxwell has gone home with
headache. and it needs the signatures of two
officers of the bank" Mr. Hurley, holding the
pen poised in his hand, looked through the docu-
ment and asked what It was. 1T is quar-
terly statement" replied Mr.. Campbell. Are
these figures all right?" said Mr.. Hurley. Yes"
was the reply. Has Mr.. Maxwell seen them?'
asked Mr.. Hurley. He the report from
which this form was made out" said the CASH
port" said Mr.. Hurley as he hurried out. Mr.
Maxwell. who returned to the bank soon after.
signed the report, and it is now the basis of a
serious charge against him.
The stockholders OF the Borough Bank held
another meeting in the Clarendon Hotel yester-
day afternoon. William S. Hurley ap-
pointed chairman of committee 10 devise ways
and means for opening the institution. They
expect to show when the argument on making
the receivership permanent comes up before
Justice Belts on November 80. that the property
turned over TO them by Messrs. Cow, Maxwell,
Campbell and others will be more than enough
10 enable them to resume. and that. therefore,
the receivers should be discharged. Henry a.
Powell OF Brooklyn and I. n. Cox of Ellen
vile, the receivers have appointed Clarence ].
Shearn as counsel.
Howard Maxwell, former president of the
Borough Bank is still in the Raymond street
jail. Isaac r. Oeland. his attorney, thought he
had found bondsman yesterday afternoon in
the person Of George NJ. Van Doom, real estate
man. but he was unable to complete the ar
rangements up to 10 o'clock last night when
Assistant District Attorney Smith, who had been
waiting to prepare the bonds went home. Sis
ters Of the indicted banker qualified for 10000
of the 100000 in which Mr.. Maxwell is held, and
Mr.. Van Doom was expected to furnish the re-
mander The District Attorneys office refused
10 accept the bond of a surety company for 500
00O Nothing further will be done to release Mr.
Maxwell until tomorrow.
District Attorney Clarke returned from his
vacation yesterday. He expressed himself as
much pleased with the way the bank cases had
been handled by Mr. Elder.