The sun. [volume] (New York [N.Y.]) 1833-1916, 1911-01-09


-
q " che,o, vorr ,, ,,,,,, -,
possible complicat,ons has been arrived a /,
for which tho public il largely indeb, sd
70 the very r~'cient soryi,,c ~ r,nl, a,ror
intcndnut cheney
The Luui,nbln Trrs, Co,nnanv has mn.
nounccd tina, If will absorh tho Wad;snn
.Trus, 1ou,pouy. thus ASSURING e,rong AMI
phlo tnauny,,urn, ,f IA, ,y,,r. -, th,t
Institution and full and ,n,,I, r,ot,ctinu
TO it's clientele
, ,cr,uin Of ,hc osse,s os ,b, <ir.,eerth
Ward En,L ond IA, 1,,,lC,h v,rd u,nL
to which tho Surarin,epd.nt ~, hanks uh.
iec,cd have been replaced with money.
so 'hh' III MS judgment ihosr INSTITUTIONS
s"','"'' an" aI'er ~ '"'ni'''' ,i' VI
n,,,i,in wv WY '",' W. .,'aH, w., ,, ~,
.,, "'' W VI, u',".n" ,,,. we" -,
poS'orS are s''" ana 'la' ''',' y.
inc banks should continue 'h'lr deposits
and can continue their business wI'h safety
Arrangements have been mad" with j. y.
Morgan A 60. To provid" financial assistance
10 the Nineteenth and Twelfth ward banks.
\ BARTON HEPBURN.
TRUST COMPANY MERGER TO RE IMMEDIATE.
rho announcement or ,bo m.ra.r -,
Al ,,t..,,, A., ,,,.,; g.
INV 'i'"'"''' anu ''' .,"''
COMPANIES was nlhu' '''o''c ny ireS'ueht
AVN '" hrech "t the tnn'tab'e III the
following statement:
,tvin " krcch. president of the E,ujtabl.
yrt,st Companv. has arranged with the
directors and Stockholders of two-,birds
Al, IA, .,nck ,r th, Madison Trus, r,mn,ny
for the immediate, merger of that company
with TN, Euuit,bl, Trust r,mnnnv ,hus
,,isuring ,b, noym.n, of deposi,s and ,h,
,nn,inuan,, nf IN. hrsiuos. which ,,iu ~,
,ma''a'ad - ,,,, ,',,,, -, ,n' r,'i,,.,' w,n -.
r., ,,',,,,,,., ~, .
"H w ''''' i''p, Nei
pIH''e"'''Ns p'y 'u 'u' ,"'"n' ''"e o's' ness
WIZ ne '"ndh'''d ny 'he present oNi'ers
uheer our snperN isI"n
s.. THE rLIMINArIoNs
,r,, oii,,,iro.io, 80 ,,,r,,,,,;., ,r.,,., ,,,,,
, w >"' u, S'' '"e' oi''-
Pcty lhi'uences iIoin the u,rec'orates
Of the Twelfth Ward Bank, the Nineteenth
Ward Bank and the Madison Trust Com
pahy was announced III statement
from Bradley Martin, Jr. president of the
Nineteenth Ward Bank, Watkins Crockett,
pany. and Frank Is French, president
Of the Twelfth Ward Bank. Their state
ment is.
We are all very much nleos.d win, tb.
arrangements made ne annonnrad hv the
ha,;lcrs a.. fni,,r,r,, y.nt,,n,.,, .r,
,I,.
s,,,',,,n,. San,,,,, ~ +. rass ' - p,,'i'
s,n.'onH W. n''',",t r a. m'rsIi CAN ' ""rn
n.s''", u"r,'" 49,, o"uo', ",l'""' '""'-
hi,hs ana mares \ moore 'r
other ana eh'ireiS satisfactory directors
are being chosen 10 I'LL the vacancies thus
THE CONFERENCE.
Ii was not until yesterday afternoon
that the fact leaked out that number
of bankers We're talking over the situation
in Paul ID. Cravath's house at 100 East
Thirty ninth street. Thirty ninth street
in the neighborhood of the house hummed
with motor cars and dozen or so men
who are connected with the most infiu-
entail banking firms in the city went in
through Mr.. Cravath's front door.
Later IN the day Mr.. Cravath intimated
that something important might come
out in the way of "A formal statement
The mon who We're in and out of Mr.
Cravath's hou-e pretty much all day and
up to midnight were Henry y Dawson.
who was there to act for j j. Morgan 4
Co; Paul Morton, representing the
Equitable Trust Company; otto n Kahn.
for Kuhn. Loeb x Co.. 4. Barton Hep
burn, pres dent of the Chase Nat tlonal
Bank and of the Clearing House.
to represent the latter institution;
Henry Rogers Winthrop. Lawrence &
Phpps. son of Henry Phpps, James q
Cannon, president of the Fourth Nationa
Equitable Trust Company: ". II. Porter.
now n member of the firm of j. y. Morgan
4 Co. and until recently presiden, of the
Chemical National Bank; Judge W. A.
Keener. Judge Day of the Equitable Trust
Companv Bradley Martin. Jr.. of the
Nineteenth Ward Bank Watkins Crock
EFT president of the Madison
Trust COMPANY. and President French
of the Twelfth Ward Bank. And with
these from time TO time We're members
ot inc directorate OF lhe three institutions
whose temperature was peihg taken
ana several men 10 "Ioih loahs nave
oeeh mace pS 'he TWO pahhs ana 'he trust
COMPANY
Mr. traVath aoteu as sort OF master
oi GeIeho''G,hs G aliu general ieeal ADVISER.
Lave IN the afternoon superintendent
OF banks cheney appeared al the Cravath
mouse. ne mao ho!hlhg 10 te'i ana had
pee1 waving lh'eT'le"ers aside All day>
fheF" was ilii IN the proceedings
while the pankers TOOK time on Tor dinner.
put they didn allow themselves a great
deal oi nm" beca.ise the conference was
On again Il, . \ VI WIN Hr. 'heney and
MS iegal ADVISER present
ABOUT IL O CLOCK Ihere appeared 10 he
conference gong on simultaneously
az a. r. Morgan mouse, although none
OF the conlerees at the Crayath house
had anythlns 10 say aoout this part OF
the olscussioil' lhe iorihai statements
were gwen out after midnight.
me ne" 3llceIs OF 'he MADISON trust