New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-10-23
MAY NOT OPEN TODAY
Continued from first page.

: BANKING DeUaTJIIGII, y
| resources of the trust company are sufficient 10
meet all obligations in fun.
| Mr. Auerbach asked what he thought the
| prospects for resuming business to-day were
He shook his head doubtfully.
1T will be impossible to do it," he said, "un-
less we receive sufficient resources, and do not
| think that these will be on hand by morning.
| We are doing all that be done"
| Did the KnickerbOcker Trust Company re-
| ceive any money from the outside to-day" was
| asked
mo it did not" was the answer. What money
was paid out to-day was money from the vaults
| of the trust company. not received from other
| sources"
How about the statement that Mr.. Hollins
| made with regard to millions of dollars being at
the Knickerbockers disposal?"
| There is nothing for TO say about that
| except that we received no money don't know
! why such story was told or what it may have
| been founded on. The officers of the company,
| however expected assistance from the outside.
| That NAV have been the basis for the state
| ment"
| NO PROMISE OF AID MADE,
George w Young, who is one of the commit
tee Of three appointed by the Trust Companies
| Association TO investigate conditions at the
| Knickerbocker called at the main offices before
| the adjournment of the directors meeting and
| remained for some time in conference with
! Second Assistant Vice President Allen MI
Young was asked what would be done. If any
| thing, TO assist the company.
The members of the Trust Companies Assoc
| citation" he said, will do all that can be done
for the Knickerbocker That is, they'll do some
! thing if there is anything that can be done
How is it that aid was afforded to-day?
! was next asked.
/ "a
/ the situation was officially brought to the at
| tention OF the association for the first time at
| 3 o'clock this afternoon. Not an individual!
member was informed of it until o'clock last
| evening"
! why were not the promises made last even
ing kept" Mr.. Young asked
NO promises were made last evening, was
the emphatic reply.
THE public was informed that S100O00o0
would be forthcoming from other institutions
! to-day" was suggested.
! mo such promise was made last night and no
| such promise has been made to-day. 7 do not
! know how such n statement could have been
! made" said Mr. Young.
| "Win assistance be rendered by the associa-
ton before tomorrow morning was asked.
| Not all We've got to know where We
stand. We must look into things. When We
have done so we Will render all the aid that We
| can"
IN tl, ,,o,,, ,;r, co,,,,,,,ted ono of croup
80 ,,..,,,- nav, ,.,,,,. ,,.rso, MIGHT ca into
CONT and cat a receiver amounted and then an
possibility of rendering assistance would van
| ish."
Mr. .rerhach who had been fntentIv listening
ia Mr. yo,na,s ran,arle admitted thar such
might be the case
Nv yo,,re, ,,s as,o, ,,.to,l,o- 49,. true, cow,
a11I bod R1- int nm b. Ia
., ,,,t ~, .,,,,,;, ,,,,, -, .,.. g.. 49,.
t,ool,e ,t,,..,, ,b,,, - +t,. t,,,,, ,,,,, -,
80, It, -, ~ 60 -. - -
- 49,, !, -,
", /, -, ~, -.
~,
a..
-. -, "'N''"S 10
$50 '" anu ''"IS'' IL
"' -'F''",'''S' 81 ""u'd "' auItIdal LOT
"'e." "'' :" "'S''' u save H. ne s'd
-'U1' "''i "''' "A"eo "'''"'r II was pos
S'"ie i"i ,''' attorney General I" make move
/ 49, " s'''" ~ ''l' N''''H'i ""'N'F trust
COMPANY. me A''or".E General he said
can MAKE Su'h move with the consent OF the
directors after 1t Is proved that company has
pceh hsoIVent Tor stipulated time
At a meeting held downtown late last night
between officials ~ the Euickcrbockcr Trust
Company 1t was agreed that unless tho COM
panv receives funds to-da. 10 rorruit - J., 70
| sumo business a yoluntar rcccfyorsbin would
be asked
TRUST COMPANY HEADS MEET
There was = meeting of tho ,,resiIo,ts f so,,o
or +be trret o,,,,ra,,ics C n-. vi. 49,, -,
,y, at the To,,.,to,,., Assoc,a.;,,, ~, "a NJ,
street Yesterday afternoon ~ . o,rlocl, ,.,o,,
committee of three was appointed to find out n