New-York tribune., 1907-12-11
NO REST FOR BANKERS.
FOUR MORE INDICTMENTS.
Jenkins Brothers and Director OF
Their Trust Company Named.

|
Four more indictments in the Brooklyn bank
| cases will be handed down by the Kings County
| rora ir-x, this morning Three of them are
! against John G. Jenkins. jr, Frank jenkins and
Frederick Jenkins. who are already under indict-
| ment for forgery in the third degree Inc 1ourth
| is against a director of the Jenkins Trust Com
| many who has admitted responsibility for certain
| loans Stephen Baldwin, counsel for the entire
| Jenkins family, made arrangements last night to
have the three brothers in court this morning, 10
be arraigned before the county Judge and released
on bail 1t is also understood that John G. Jenkins.
ST., expects to be in court. No attempt will be
! made to arrest any of the Jenkinses to take
their pictures at police headquarters.
Indictments in the BrooIlyn Bank and perhaps
another in the Borough Bank case will not be
handed down until next week
Although not a word has been made public
garding the affairs of the First National Bank. of
Brooklyn of which John G. jenkins. sr. is presi-
dent It learned last night that the directorate
which depleted by the resignation of almost
the entire board last May. was filled up by men,
bers of that family, that since then il has been
practically a jenkins institution throughout.
Under its charter the First National Bank has
nine directors. On May II of this year, when the
row occurred in the board, the directors John
G. Jenkins. ST. president; Frank Jenkins, John J.
Cooney. Marshall S. briggs. Joseph Huber, Moses
May. Mortimer l.. Reynolds. John W. Weber and
Theodore +. Jackson. Six OF the directors retired
as result of the trouble and members of the
in all except one case. The following list OF Oh
rectors. as it at the time of suspension, has
never before been made public and Will be a sur
prise to many: John G. Jenkins, sr father: John
G. Jenkins. jr, son; Frank Jenkins. son. Edward
T. Jenkins son; Frederick Jenkins son; Wilson w.
Jenkins. son; Fenwick b Small. son-in-law; S H.
Coombs, personal counsel, and Theodore F. Jack
son.
The elder Mr.. Jenkins who is said to be the old
est banker in the state, restive under the old
board. AS the present board is composed of mem
bers Of his family almost entirely he doubtless
had little trouble in handling things as he de-
sired from June until the day the bank suspended
1t seems that prior the famous meeting of
May II several of the directors had objected to
the character Of some of the stocks and bonds
owned by the institution. and had voted to have 4
special committee examine and report on the as
sets. This committee. consisting of Moses May and
John J. Cooney, made the examination in the
morning with the aid of Isaac Hamburger the
cashier.
The latter's activity in the affair evidently an
gered Mr.. Jenkins. When the directors were as
sembled in the afternoon and the committee was
about to make its report Mr.. Jenkins said brusque-
ly: Wait a minute now, gentlemen Then he
ordered clerk to get him some figures upstairs.
When the clerk returned Mr. Jenkins turned TO the
cashier and said Il want you to take months
vacation" The cashier was dumfounded So
many of the directors, who were his friends. They
protested they had right to know, they
directors No. you not' Mr.. Jenkins is al
itBeu 10 nave IepIeU SOu are only a t0t OF cndlr
warmers"
This, of course greatly angered the directors and
when Mr.. Jenkins offered TO buy out their stock
If they would resign from the hoard they
sented. At a meeting held within week, Mr..
Cooney, Mr. briggs. Mr.. Huber. Mr. May and Mr..
Reynolds resigned one after the other, and the
Jenkins directors were elected. Both Mr.. Jackson
and MI Weber In Europe at the time, but Mr..
Weber resigned as soon as he returned, early in
August
Alr. Jenkins paid $500 a share for $50 shares
belonging TO Mr.. May. ten shares of Mr.. Cooney's
and twelve shares belonging Mr. Reynolds. He
refused TO buy 220 shares held by the Williamsburg
Fire Insurance Company. of which Mr.. briggs IS
president and also refused TO buy twenty shares
held by Mr. Reynolds 1t is said that Mr., Jenkins
now owns Or controls LOO OF the 5000 shares OF
the bank.
At that time the First National Bank had de-
posits amounting to s5T0o,00o When the directors
retired they took out deposits aggregating some
50 100000. At the time suspension the deposits
only s3.5oo.0o0 in round figures. On that
showing the bank was clearing for the Williams-
burg Trust Company. with deposits of nearly
ss000,000 and the Jenkins Trust Company. with
deposits of about 100000.
At a meeting of the depositors of the Brooklyn
Bank in Historical Hall last night, C. NJ Stafford,
counsel for the depositors committee admitted that
resumption was practically impossible A reso,u-
ton asking the Supreme Court TO appoint g NJ. Hig
gins, of the large depostors. permanent re-
ceiver. passed Mr.. Higgins consented to serve
If appointed, without compensation.
I'VE demand of the officers and stockholders of
the International Trust Company restitution" said
Mr. Stafford We demand that this company,
which played with our securities and assets
for two weeks under void and Illegal merger
return to the receiver OF the Brooklyn Bank the
$4,000 In securities and $4,000 In cash. We
want to cut loose absolutely and forever from the
International Trust Company. It's officers and d.
rectors"
David Bandler, associated with Mr. Stafford said
that from what he could learn the 100000 capital
stock and surplus of the International Trust COM
pany tied up as follows: Real estate. s257 coo:
Brooklyn Bank stock, Ss2,Mo and claim against |
the Borough Bank. S62, 932
Justice Kelly in the Brooklyn Supreme Court |
yesterday handed down decision IN favor of the |
Brooklyn Bank against Frank A. Barnaby, a real |
estate dealer. for 3s5 and accrued interest being
the unpaid balance note for s68 900 discounted
IN February, 1894.
George W. Adams cashier of the Oriental Bank |
wrote TO the receivers of the Borough Bank yes |
terday, refusing to return the s500o note that has
been repudated by the Borougbs directors also |
the $4,000 balance of the Borough Bank held by |
the Oriental Mr.. Adams said the cash would |
be held additional collateral the note II |
the receivers are made permanent they will sue |
the Oriental both for the money and the note
The South Brooklyn Cooperative Building and |
Loan Association put in preferred claim for a |
s52.l72 81 deposit in the Borough yesterday The |
National Surety Company aso claims preference |
for Sl25.000. the ground that it is an assigned
claim for state money.
According to the receivers. Howard c. Pyle who
has been an active figure in the depositors' COM
mittee. has an unsecured note for $1,000 in the
Borough Bank. His personal deposit is 15SS 40 |
and the deposit of the firm is 81 15s 81.
At netting of the depositors of the Borough
Bank yesterday it was unanimously voted to ask
Justice Belts at Kingston tomorrow for an ex- |
tension OF month in the temporary recevership
If he does not show disposition to grant this
change of venue may be applied for. Ballots were