The evening world. Newspaper, October 25, 1907, Page 1

tlie LAT le 2 SS gS ata wcv Sen ac ac OO “KEEP YOUR HEAD; KEEP YOUR MONEY IN THE BANK _ To an Evening W. orld reporter this morning J. Pierpont Morgan said: “Tell the people of New York to keep their heads and keep their money 1 in the banks.- aay ERB RST eg ee Soe a eee LEER eR ee ae ee eee alee eee 4 a iD we. Me | To Protect the Intec ger All De: ei) ATION Ark A CEANCE © '|Williamsburg and Jenkins Concerns, positors Those Wishing to With- Belonging to the Jenkins String of Swan draw: Funds Must. Wait Sécrelary Corlelyou.said after the close_of banking hours:. -The-Lincoln ‘Trust Company, the Trust.Company. of America, the Banking Institutions, Temporarily “The situation is good. This is the third day, and I see no set-| Colonial Trust Company and the Harlem Savings Bank safely weathered Cl Th D S Thirty Days. back of serious import. 1 shall probably remain in the city all day to-|Tuns. The trust companies received substantial aid and the Harlem). Ose eir oors. ~ - |morrow, and if there is no critical development—which I see no sign, Savings Bank took advantage of the sixty-day clause. | of at this time and do not expect by any means—I shall retum to HAVE H ALF A BILLION OF Washington.” : ‘ ‘ Seceary of the Treasury Cortelyou placed about $8,000,000 in| THERE WAS VERY LITTLE or — ~~ es) New York: banks during the day, a total of $30,000,000 since slash Friday. eh UNDS LN- THEIR VA ULTS.! The First National Bank of Brooklyn, a Clearing-House institution ; ap pect the Williamsburg Trust Company-and-the Jenkins Trust Company off -Superintendent-ofBanks-Clark—Williams~said-that- conditions have —— eerie | Brooklyn, with numerous branches, suspended temporarily. The sol- improved and will continue to i improve | if bank depositors are reasonable. |. | vency of the institution has not been questioned. bs Borough fend receiea Banks and internat ——The-stock-market-passed through-a_precarious, feverish day, closing! — i Clty, ‘Savings Bante “That Agreed Genie. President William A. Nash, of the Corn Exchange Bank, said: in:a skyrocket finish that sent the general range of prices away above ‘uonal Trust” Company Had Been Forced - g : ; Sonia : - “The outlook is decidedly better, and I, think the crucial point has; yesterday's final quotations. : to Suspend Earlier ‘in the_. mously Upon This Action as a been passed. The failure of the smaller banks is not disturbing, The State Bank Examiner Leonard stated that the Lincon Trust Com- D oa ; ae : : Precautionary Measure, i did not have much cash on hand and it was better for them to suspe pany i is in a solvent condition. y: a me than to stand 2 run. They are perfectly solvent and will be ana to re sume business when the present hysteria subsides.” “An officer of: the Hanover National Bank suggested that _Gov.| apace Gum eea S and-its:branch— siprociatm. special holidays-enabling.the.banks.{o close next week to. sundn street; Brooklyn; the | Jenkins” Trust Company and all its OW the arrival of gold from abroad. -Goy. Hughes, over the fong- i ly Cane telephone Sd to OnMer SRN Todays branches-and--the- -First-National~Bank—of~ “dar this aflernoon for lack of ready cash. Avings ‘banks. of. Greater. Néw. ‘York voted. ‘unanimously ‘this | afternoon to take eta the thirt; aus ‘and ninet, da: eA The new rule -wilt-go into ‘effect stb with the tpn of busi- ea ‘ Se A ness {o-morrow a Only in cases of extreme necessity will the The Union Dime Savings Bank, Thirty-second street and Broad- rf 5 Teese ut bills was received from the . In each instance it was announced that the suspension was tem |way, with deposits of over’ $27,000,000,. has given nolice that it will re-] ~M y Be if ~ |porary and that all the institutions would reopen as soon as “Currency - , ‘savings bank pay out funds at once to Cle and then only in small quire thirty days’ notice in writing of intent to withdraw. Other savngs Emnst Thalman, Ole T. Bana and Gen, Henry C. Ide were ap-|for caring on business could be secured, 3 man: oes me banks have adopted this course. < - pointed temporary receivers of the Knickerbocker Trust Company, | All the institutions that are: affected belong in what is kncwi as : ings banks w/ res | concerns, no.matter how honestly ——— at thi action from any extensive de: | 9F BOW capably managed. could not! J, Pierpont Morgan.and_half_a dozen bankers rais¢d a pool of $10,-1_- Before-the-close-of-the stock -market-Halstead& Hodges and Van_ the Jenkins string’ of -banki — a 2 Pr Sontinge to endure auch k- Strain Tas Fate) ing-companies- esos Hele eee eebdentoeath j0nm Seponita: and’ sur-| deqnitely, ttrcsantinae ro 000, emoon_which was loaned on call on the Stock Ex.| Pmburgh—-&—Atlerbury, brokers, loaned_on—the floor-of_the Stock =a tts-stated-that-they-are~absotutety-solvent= Thapar 5 tations wiil be able to extend’ ald to! Ree cepens Tora thea irecalplaz ala sapere cl change fo protect the market. See change $10,000,000. ‘of _the syndicate -money-at 50-per-cent,—— 8, ~ Except In one Instance nothing ap- He was given hk the international-banking-houses- have arranged_to anes between-$10,=|-—Fhe-amount pledged -by-the Clearing House-banks-to the-aid-of-the- bee the snnes te Hes Depot: {woul na ai Le it atta thing ear 000,000-and= $15,000,000-in ie: from EUS : Stock Exchange-will be belween n $12 ,000,000-and $15,000,000, + 18rA sein to“ vetthara W—atimply cane’ ; tora and AL dia ‘a-gonaraily Benes — ficial effect on conditions. Ascociation, held late this afternoon at| ‘The inconvenience to depositora will : Aig Dry = Dock Pana -Watiout-a-die=y be “temporary. only ana’ tn Ait “ensen | ; where the need for, rellet (s pressing the peattiy volce all the banks, ble and | Dunvs ‘of course: will-permit the wiine | Tittle, decided to take advantage of th drawals of small areal cenenl mater forthwith,’ Jaw requiring depositors to give thirty, elxty or ninety day notces of their pur- pose to withdraw, =~ “ref ‘This means that for that many days the savings banke will have the—reht to refuse to pay out any or all deposits. than finding “Uiat fy_the present comiltion_ of Money, cash could not be secured the| were wrangling with the paying teller BY 2 ay ee we : ay. ~ = jotta -two_trust companies. the bank and the | when.watohsien put— Sa ont aay B branchea shut up for, the time being. | closel the doors, ace ge 3 The main concerns are all Jooated in| At the branoh In Fulton. wtreet_there | p = Williamaburg.” but” the “branches are| Were similar acéivs. A few men were i t : os ~—-Sacattored through # wide area ‘of Long Inaide the building wadting to withdraw: Island. their funds. Others crowded the pave- E Fl The First to Close.° ments Buddenly Oca! drew abut < “| The Williameburg Trust Company, 9 outer gates of iron: Those already. j AK TORN NG DET [ot the tnsreet trast. compantan in tne teide ere paid off. The others. ose | Greater City, was the first to close. ee This will tle aporoximately half y = eins, Five minutes later its Brooklyn branch | pat Of the, este amply: repening. the = Dbillien dollars. Under the law they z wel fhave the right to lend money on cer- : lao susp. estions, ae —., ‘talm_securities approved and specified | On the door ofthe main building a rs Nov etatement Giventout: eae lat : S| clerk simply posted this notice: ‘Closed 4 z Peet Under conditions which existed to-day -|for Taok of Cash.” = It was {mpossible to obtain any states “itwas imposstble for many hucassed|’ he the doors of the branch this no-| ments from the officers of either the ‘Snatitutlona.to raise money 74 , after‘a short delay: “We | trust companies or Che bank. Newspaper, ya orathy stopped payment ow- ~tor—awitte—to—get———: L pow Reape 35 Dep SSE [sera at_pracuring|in touch. with, some pa Srecwhatorascumtoubtedty 1 preseng: emergency J.P.” Morea mecilox of the Clearing-House) bat they. would refuse to execute or- This natice was algned by |to speak authoritatively ee Tate this afternoon. » call{ Gers to buy stocks on margin, ident Reld. ‘Az the news spread through Willilame- . understood that the action was = Hwaa {sued for a, meeting of the asso-| taken’ in response tow. Aint from S| qiait an hour after: these suspensions! burs, Brooklya and East New York tig. elation to-morrow morning, to nge| Pierpont Morgan. the ‘First National Bank. of Brooklyn, | crowds of men, matnly small merchant, lon ee yet evn ie savings pena niye Defeat “of “Good Things” at | fe came to the assistance of the Lincoln Trust Company this afternoon, pend restore conditions to. some and sent up to its Fifth avenue. branch.an automobileful. of money. oly ‘and restore conditions: to 1 s tbe eee normal: teva Jamaica-Gives Ring Than fi i ai % for {asuing Clearing=House certiiextes ‘See at. Kort avenue. and “Broedway,-Will-| Socked t0-the trust-compantes-or tothe 5 ett i “There was still a great press of depositors about the Fifth avenue|tnti! the present ‘acute money . strin ‘}Samsburg, also shut ita doors, The Fira ba iy anna se there teeting me oc : All the Cash. ~ol nies wh a : Sat =| gency” passes, ‘J,.Plerpont-Morgan_and #atlonal—has--been=aMiHated—with™ thi -Wliawsburg.. ‘Trust Company For the present ; Offices whenl-Louls-Stern;-one ofthe directors, and another-officer of the|other bankers, not members of the Williameburg Trust and acting as ite Proper occupies a magnificent new Pe amet te 6 aad Eolas - [company left in great haste Grae yo eee Hatanps Coramnltteer a nerey Usk, clenring-house. The bank's deposits are Dullding on the Willamabure | Hride ‘peclal to The Evesing World. ees rane ° mal ¢ meeting In- sory ca- : Y y. e jates of what cash js on hand at-ine! AMAIOA RACE TRACK Ont. 3 ri They had been gone only a compara- | pucity. pa as, $1,300,000 and Ite capital aa jy ookiyn branch, at No, 31 Fulton rom:scuous call of individual deposturs |The bookmake von th ds from She had been quietiy bu 1 7 | ; -Clear: 00; 5 street, In a hyhdwome ten-story office i End"wuppiyng other nectutons wih Ad: / ene ingens here, Rutouateeeacon PSIETS Po een eo bed rae ze z ae Rae ta aueay cettlaca eek nes een can Tne Jenkins Trust Company, at NO-iiunaing, which was erected by the com- ‘Andrew Mills Presided. Frail Sehr thre ira us EL Talent Lost an Oraculum, | "ter mp Jifth avenie and | ously’ talked down by Clearing-House 70 Broadway, Willlamsburg, closed @ pany a few years ugo. The announcement of the mos im-| from the start. rQmegulum was played in. the second oPped at the truat-company's branch. lorictalg and bankers in xeneral ali litte later, All the branches. of the|” mp, tist ot omcers (a ax follown: Pree- Orient Alp Eats he has Ca ae Ea In the opening event the mien on the | only Miers ba Ae ere pee Mr. Stern waa in the front seat, Be-!through the week. A prominent banker Jenkins Trust and the wae ee. ident, Frank Jenkins; Vice-Prosifent. aBnking Siserintendent ‘Clark Williains | Nigh stools kept all tht money, tnclud-|Oraculum was next to. last. hind him in the tonneau wére seventy tu whom the subject was broached yes- d Trust in Long Island shut thelr doors. | sony H. Scheldt; Secretary, W. Addison fas he came out of the meeting, An-| ing Davy Johnson's %,00 which he bet| Summer Cloud tin-canned tm front ‘bags of money, eacl one marked “$5,000, teMday by @ reporter became Cay ‘At the branch of the ‘Williamsburs| Fe1g, Ausistant’ Hecretarles, ‘T. J. Moe drew Calle peat rotate, Ak da alag faa on) Tilekins, not to mention tha money eth to the stretch turn, where Miller. U. 8M. |Indignant. Trust no deemonstration occurred, bUt| Fariand and Willlam & 1: Truet Jade Ban io reattent Of the savingy | that wont Into thelr boxes on Jang | Brought ~ eee ereentteeeeet the | 1-4No, no, no!!! he. excinimed. “Such = outalde the main office about four hun-|Omcer, Charles E, Covert; Directors, Banke Amo! tation, presided over tne) Swift. In the second event Oraculum's | 4, The money was rapidly carried into talk Wg foolish. The Clearing-F une will | dred Sebrew merchants and manufaeryy noi. Ny Brady on A, Martin, Oraculum. chaso} Jobn J. Cooney, “meeting: bid race added thousands more to Ghe| Summer Cloud for about half a mile|the offices. A few moments Inter Mr. jhever again’ issue certificates, on an ‘turers who had expected to draw Out) Gio ioe 91, Davidson, Gustay J. Le Not one. vote was ‘cast against the | y: | iy Grosse: 59 : | . 5 : proposition" eid str, Williams: to an | X'DES Of te ot a eel 2a | Aha hatin Gul geeee! even by| Stern ,anaunced that the company | Currency Between Banks. Kaiser Wilhelm der money for thelr Fitdey oleh as aro Doerechuck, John Doshe, Marshall 8, EVoning World reporier, "it wan de. | saw a dey font pilrais Lovat entored In thin race, ran |"A# Now ready to pay off Its depositors! 1. cing Gretincates the Clearing| Loses Steering Gear, Wire- | created ® small riot: The . Drigks, Charles Jerome. Edwards, FR a eS feet yt as Rael ecg ails eb hak Oe Hace yuant ar cocci icone ancnig his |as fiat an they could’ come, | When! & 2 LOSES 9 hy the bullding refused to pay any atten-|Cnsrica Englert, Joseph Fullert, Prank a eee ety ee ninety tay | the fourth, Dolly Spanker and Grapple t warm-up. and was withdrawn by per-|asked where the money had come Fron latemen nec ne nuog set, retort TS i tlon to the rapping at the windows, Harvey Field, W. A. Field, Joscph Hue ier Nin cases of grout neceaal(y and | cared: thousands more into the recap: | miaalon of. the Btowards, Ne-sald:~ Gertinoaten| frill pana. aay currghcy/ ben less Says. The crowd grew frantic. Some of the| ber, Theodore F. Jackson Frank Jen= for moderate amounts only. tacles for the: bookroakers, Surprise in ‘Rosimiro, "Twill have to refer you to George |¢W3en banks, but will not «o to the} + ° men want and cursed: A ereat muttic [Fine John G, Jenkins, Frederick: jent Mills Cesk ‘The winner In the fourth race waa ‘The teird race won by Rosimiro was “ P W. Perkin: rule ot eqn ne Ne este Rael ee de | Juswlek, which repeated: his last good | surprise, and then again another sur. in the conviction that by ay doing we|rac eand beat Grapple rather easly. [Rests him it looked to a iasority of | 860,000 In all, was obtained from t could) best conserve rer joiarast of alllatter following the Farrell gelding to | race goera that Roslmiro clearly com-| Firat National Bank upon Mr. Morgal |pubiic, Nelther will they be Issued to | He Mette . +11 | tude gathered, Police reserves managed | Muy, Willard P. Reld, M. L. Heynolds, Te was learned later that the money, |PA0K# outside the Clearing House As-| Ociricha & Co., ngonts for the North) (N00 BUONO cen the atrests clear, (Jona H. Seheldt, David W. Stein, son polation: | Lloyd Steamship C "res W. Weber and Robert T, Whoelen. he estates the Clearing House (nc bree iT AN Reid end Only Got a Check. Whe inain ofmce of the Jenkins Trust. - Our depositors, If dining Uke thoad) ine gtreich, All told, tho diy was one | mitted “a foul againwt Bouaue’, whlch ‘order, ! citicerlinenten Wak In IMG) The moval ceived & wirelone mensage late thie aC] iacuiy any warning preceded the |Compatry vin At’ Gates, and Nostrand) quarters were continued It would only |ot he best in many weeks for the | Mlmld Bove neck Abowd Kime Hore) 1 .was announced at the main oMce|waa sta\ed off ax long as posnible, ternvon /from the captuin of the Kalscr| series of wuspenaslons. It was learned |R¥enues, Brooktytl. the ttn lirenenee |: Oo aigeanraes Sf figure until there would | bookmakers; many of whom have been | thing: i of the Lincoln T | An tate ux p o'clock thin afternoon | Wilhelm der Grosne that ‘her rudder) that Corse Payton, the actor-manager, Coney Island; | Hay Dwentteth ate shsiconacsa tis seen neces gue pene | MMM Deer ER Jamea Stiiman, President of the Na-| broke at 235 this morning tried to draw out of the Wililamaburg|and Bath evenue, Bath Beach; pros wonneon a OCops aay AGE LATONIA RESULTS. (Continted ons Seo: clonal! City Bank, declaro’ that the} ‘The versel Ix belng steered with her| runt $10,0% which he had on depostt.|\raaway. ‘There are othor ee noher iY q 5 bhatt aT KING'S, 243 BROADWAY, “| aPayy, onnaon, dropped. about $5,690 ane plan of iasulng certificaten had not beer! engines. i mattered through Brooklyn i .. OPPOSITE CITY. HALL, Tieking was sald (o be back Ww her} LATONTA RACK TRACK. Ky. Oct. $18 AND $20 MEN’S SUITS & jconsineroa by the Colaring-House Com-}- Ail on board are reported well Sale of Men’s $16 Suits ‘The Firat National Bank ls cieneay ! best form. Results af the races here to-day! QVERCOATS, SPECIAL, $9.80, | mittee. She lett Hoboken on Tuesday lust member of the New Yor "Ih view of prevailing conditions on Men's Mlack © Baits, Am} “She will walk in.” mald Johnson, | wore as followa: and Fall Overcoats at $8.75 House’ to cane Tis president a) do" DADK—R, e bb Clothiers, 227: Hrondway, (fhe xotiange trading on margins ul . : Jenkine. jas five or six au Wool, at 85.035, Worth to hin friends, but she ran tiird for] FIRST DAUE—B, 7. Shinn (even and) He . | s . King's, the ,@feal clothiars, a4 dated at Senciff . ° ¢ i Se -| Cor. Barclay Sty Onp. Poat-Ofice, A selling of stocks x2 Wobe dis. at IR’, i Sevan a ae King’a, the great clothlers, will aci) | MOUt oneselghth of a mile and-then |i to a scaltna (& ‘to 1 for place) 2, Ag-| Cor. Barcls van nd $20 Men's suits ‘ina mt Duet beginning WL the opening Broadway HA Ln a RaW ete Han Kenwood, and other Long 1,500 men's black Cheviot sults at $3.0. or tury ¥ SECON: [EP 35 to | overcoats special for to-day and Satur- lo-morrow's xortlon, In coner words, imported | Island towns. “Wauita worth Hz. "An ofpovuniiy io | with Wie ett a chaee PSEFOND RACH Duchess Ollie (25 to | Gay, go.” All slzen 31 to (all atyled (all Miock Raciunge transactions Will be | Mptownthades | UAC the Hirst National an] all the | Dis a brand-new Fall suleut a great | fairer, whieh nened | fnvorite vent | place) 2, Bert Asra in Jatest xhades of browns, grays, Aye al nglex and purchases of shares | th is Hd black thibet, #ltk-lned Lother places. wh aan ay ec ert ‘ perenin AN sizes, single or dou; Oa Wah ei went black. blue, plaids and ‘combin! is {00 xlik-lined topcoata «tatements wor? refused shee, Sa itondnay "Sule Lode} trate Wan Balls aiiatn what ed yiakeiewaa Say. ave. ull 40. Hub ci Sean other prpm.nent Drak : shes @LOR “Open Sats Sdidrday everlog ane stro ings. roadway,» Bale t desnaatsdat Wi eve. Od, and other pra ent broke pi and Sat ja t= .. Open Saturday even = cA Raturday. (0? Y No the: streteh turn end) then ran out. (a. Teenmso aL” Aes te WriE TT al Sroediiy' yitchse Rouses, seit OUL notices Lhls afternoon Urday evering Ull'l0 o'clock. *e* =e OPO __¢ (entinuhd on Hecend Fase Pane: \ th At Hh Se SaaS i sé