The evening world. [volume] (New York, N.Y.) 1887-1931, 1912-10-31
WOODHAVENbANK'S
MISSING PRESIDENT
ISFOUND IN SOUTH
William Wyckoff, on Way
Back, Expected to Explain
Institutions Troubles.
BOOKS SEEM CORRECT.
Official Who Disappeared,
Causing Doors to Close, Has
Done Same Thing Before.
BOOKS SEEM CORRECT.


- isSt Tuesday of the woodhaven
hank. Woodhaven. Queens Borough. Il
revealed In the discovery of the where
absuts Of william +. wyckoY. presI.
dent Of the institution. The woodhaven
hank. according to Deputy superintsnd.
sns Quinn Of the Banking Department.
vho has been In charge since Tuesday,
vas ''one man. bank. and In the alb
ssuce of President wyckon the exact
status Of the Institution was In doubt.
II appears Mr.. wyckon disappeared
about two weeks ago without any warn
ING to his family. lie lives In Clinton
avenue. Jamaica. In . fins homo, and
0Aas last disappearance was one Of a
aogtes.
Nothing was heard OF him for ten
eegs. Then q message arrived from
Baton Rouge. La. signed by Mr..
Wyckoff. asking for money. In the
meantime. the bank was In difficulties
and the danger Of q run was Imminent.
Not willing TO send any money by
wers or mail TO the missing bank presI.
Gent. his son. william Leroy wyckotf.
end . friend. John N. Booth. started
for Baton Rouge. They reached theirs
last Tuesday morning and found Mr..
Wyckoff. detected and worried. He
he'd been arrested on Oct. y for intoxi-
cation and fined SO Payment of the
fios had exhausted his Immediate re-
sources and Il was then he had wired
for money.
0ooke CORRECTLY KEPT, IN.
vEsTioATioN sHoWs.
The elder Wyckoff was straightened
out and supplied with new clothing. lie
started for home Tuesday nlEht. by way
Of Cincinnati. and In expected IN Brook
iyn tomorrow. The State banking Of
s:s:a;s arc waiting his arrival.
They want him TO explain . number
of perplexing matters connected with
the Woodhaven Bank. Thus far. there
bot plenty TO indicate careless and slip
shod management.
''Ths books seem to have been correct
iy kept" said Mr.. Quinn to.ady. but
90 10 the case In all hanks where on,
man 10 In complete control and able u
DO a. he plsases, this one man In IN,
oNiy person who can explain the books
Generally. where there IL no dishonesty
a. In this case. apparently. the expiana
ton leaves the bank In much bette
shape than the books reveal on thsi
face.
"Our examination shows the hank ha
quick assets. which could be liquidates
right now and realize about 30 per cent
Of the amount on deposit. which In abou
Se5S.O00. In the remainder Of the asset
are Q number of securities predicate,
% nrst and second mortgages. Tn
value Of the securities IL dependent Of
the future growth Of the territory aroun'
Woodhaven and Mr.. Wyckon can tel
fer ne has been develorping that terri
tory"
The woodhaven hank 10 one Of man!
corporations In which Mr.. wyckoff 10 In
terestead. He 10 president Of the Home
stead Bank OF Brooklyn. which II desrib
Cd by the Banking Department a. one o
me solid financial institutions OF tn
borough. with 100000 capital. $780, 900 as
sets and $4,000 surplus. Wyckof Park
near Woodhaven. 10 u real estate devel
opinent In which Mr.. WyckofY 10 heavil
Interested and the future OF this deve
6pment 10 mixed up with the Woodhave
Bank.
In addition to his banking ana real q
tate activities. Mr.. wyckoff 10 . mesr
Der Of the hrm OF wyckoff. Clarke
Frost. No. 2l5 Montague street. Broot
Ign. Control Of the Woodhaven Ban
came 10 him from his brother John. VIII
organised the institution In loDl and die
three years ago.
From Inward L. Frost. Junior partn,
In the law Arm. camo the expiAnatio
to-day that Mr.. Wyckof. though Il
loag periods . total Abstainer. som,
times went on prolonged drinking tour
Ia which distance and business DO,
wsrs forgotten.
He 10 . victim OF an unfortuna
hahit," said Mr.. Frost. although
have been with Mr. wyckoff at banqus
and public places where liquor - sol
never have seen him take . drop. b
10 Aas told me that when tire thir
comes on, ne ts unable to Withstand b
desire for alcohol.
ogPoeiToRe WILL GET EVER
CENT, PARTNER SAYS.
These attacks have been periodici
Usually they are marked by his d.
appearance. He seems never to 80
the same place twice and distan
never n considered by him. Tv
weeks ago Monday he dissppears
Neither myself nor Theodore
Clarke. his other law partner. nor
family heard OF him until the tel
gram. came from Baton Rouge II
500 6nd Mr.. Booth viii be back wi
him tomorrow. ! expect.
concerning matters at the bank,
- ~ ~ 40