13245. Terminal Bank (Brooklyn, NY)

Bank Information

Episode Type
Run → Suspension → Reopening
Bank Type
state
Start Date
October 26, 1907
Location
Brooklyn, New York (40.660, -73.951)

Metadata

Model
gpt-5-mini
Short Digest
1bf7d3c1e8fe66c7

Response Measures

None

Description

The Terminal Bank of Brooklyn, a small state institution, suspended payment during the Panic of 1907 (cited Oct 25–26, 1907) because of a dearth of currency/ inability to meet depositor demands amid the broader panic; it resumed business Nov 20–21, 1907 after state examiners declared it solvent and large depositors agreed not to withdraw funds. I classify the immediate cause as macro_news (the 1907 financial panic) producing heavy withdrawals. OCR corrections: several articles explicitly call it the Terminal Bank of Brooklyn and identify it as a state institution.

Events (3)
1. October 26, 1907 Run
Cause
Macro News
Cause Details
Heavy withdrawals and scarcity of currency during the nationwide Panic of 1907; banks unable to raise cash to meet demands.
Measures
None specified for this bank beyond suspension; other banks/clearing house arranged issuance of loan certificates and importation of gold to relieve liquidity.
Newspaper Excerpt
The Terminal bank of Brooklyn, a small state institution, with a capital of $100,000 and deposits of about $240,000, suspended payment today.
Source
newspapers
2. October 26, 1907 Suspension
Cause
Macro News
Cause Details
Suspended because of inability to raise currency on short notice to meet depositor demands amid the broader financial panic (scarcity of ready cash).
Newspaper Excerpt
The Terminal Bank of Brooklyn ... suspended payment today.
Source
newspapers
3. November 21, 1907 Reopening
Newspaper Excerpt
The Terminal Bank of Brooklyn ... reopened today. It was declared perfectly solvent by the State authorities. Announcement is made that the Terminal Bank of Brooklyn ... will reopen its doors. The largest depositors in the bank have agreed not to withdraw any of their funds for an indefinite period. Supt. Williams ... finding the institution solvent, has given permission to continue business where it was interrupted October 25 . (The bank) will reopen its doors tomorrow. The largest depositors in the bank have agreed not to withdraw any of their funds for an indefinite period.
Source
newspapers

Newspaper Articles (19)
1. October 26, 1907 Evening Star Washington, DC
Article from Evening Star, October 26, 1907

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Article Text

SITUATION IN BROOKLYN. Trust Companies Met Demands Promptly. Special Dispatch to The Star. NEW YORK. October 26.-The Brooklyn trust companies paid off their depositors as quickly as the demands were made on them. As for the savings banks, some of them took advantage of the do days' and some of the 60 days clause and only in case of need made payments of $50 or less. The Home Trust Company, at 184 Fulton street, started to pay off depositors this morning who went there in a little greater force than usual. At 11 o'clock there were about one hundred in line. but nothing approaching a panic was to be observed either there or anywhere else in the borough. At the Germania Savings Bank, 375 Fulton street, not more than twenty-five people were in line at 11 o'clock. The bank had taken advantage of the 90 days' clause and made small payments where they were absolutely required. The Brooklyn Savings Bank, at Pierrepont and Clinton streets, also took advantage of the 90 days' clause. There were about two hundred persons in the line outside this bank at one time this morning The Dime Savings Bank. Remsen and Court streets, put the 60 days' clause in operation, making payments on the same basis as the Germania and the Brooklyn. There were fifty in line there when the institution opened. There was a little run on the Nassau Trust Company at 9 o'clock. but all comers were being paid off with dispatch. The Terminal Bank of Brooklyn, a small state institution. with a capital of $100,000 and deposits of about $240,000, suspended payment today.

2. October 26, 1907 The Richmond Palladium and Sun-Telegram Richmond, IN
Article from The Richmond Palladium and Sun-Telegram, October 26, 1907

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Pouring of Millions Into the Banks And the Market Has Had Good Effect. SENTIMENT OF ALL THE MEN OF FINANCE Runs on the Banks Are Practically EndedCarnegie Is Surprised at Small Fall In Stocks--Another Bank in Brooklyn Suspended. and a third withstood a neavy run, it New York, Oct. 26.-Wall street and is believed generally in Providence the general public are convinced tobanking circles that the local crisis day that the financial scare is about has been passed. over. The pouring of millions into banks and the market by big finanANOTHER BANK SUSPENDS. eiers apparently has met with success. The Terminal of Brooklyn in Hands This is the sentiment of all men of of State Examiner. finance. President Washington of the clearing house said today that the New York, Oct. 26.-The Terminal closing of several small banks yesterbank of Brooklyn suspended today and day temporarily was due solely to the the state examiner is in charge. dearth of ready cash and that the banks are entirely solvent. J. PierINDIANA BANKS STRONG. pont Morgan said things look better. The fight is practically over. RockeNational Bank Examiner Says There feller said the people should leave is no Danger of Panic. their money in the banks, it is safe. Harriman said the banks of New York Warsaw, Ind., Oct. 26. The counare sound and that the people should try is sound both in its business and stand by them. finances," said National Bank Examin-

3. October 26, 1907 Lewiston Evening Teller Lewiston, ID
Article from Lewiston Evening Teller, October 26, 1907

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MONEY PANIC LARGELY LOCAL NEW YORK ADMITS SITUATION IS NOT WIDESPREAD AND HAS PLANS TO AID HOME BANKS BY PRESSING GOLD IMPORTS. NEW YORK, Oct. 26.-It is admitted today that the financial difficulties are largely local and not widespread throughout the country. The situation at Pittsburg and Providence is expected to right itself under circumstances suggested, and an effort will be made to relieve the tension in New York by gold imports, and something in this line is being done. It is felt, however, that any effort to press gold imports is likely to meet with obstructive measures in London, and as an alternative relief clearing house loan certificates will be issued. The Trust Company of America opened today as usual, with about 100 people in line. The company officials declare the run is over. The bankers' pool gave further assurance today that it would provide for call loans when needed. The Terminal bank of Brooklyn, a small institution, suspended payment today.

4. October 26, 1907 The Barre Daily Times Barre, VT
Article from The Barre Daily Times, October 26, 1907

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Throughthe Heroic Action of Secretary Cortelyou WITH AID OF J.P. MORGAN Although One Brooklyn Bank Closed This Morning, Things Were Generally More Quiet in Financial Districts Today. New York, Oct. 26.-The Terminal Bank of Brooklyn closed this morning. It was a depository of the Williamsburg Trust company. Although there is a moderate run at the Nassau Trust company, things are generally quiet in the Brooklyn financial district. After leaving the clearing house committee, James Stillman, president of the National City bank, said there was nothing new yet about issuing clearing house certificates and it may be that the association will deem it unnecessary. The general situation is much improved. It has been saved by the heroic action of the secretary of the treasury, George B. Cortelyou, and the whole-hearted co-operation of J. P. Morgan. The institutions which closed their doors yesterday, with the sums due the depositors were: The United States Exchange bank, Harlem, $600,000. International Trust company, about $100,000. The Borough bank of Brooklyn, $4,000.000. The Brooklyn Bank, $2,300,000. Williamsburg Trust company, Brooklyn, $7,500,000. The First National bank of Brooklyn, $3,500,000. The First National bank of Brooklyn, the Williamsburg Trust company and the International Trust company were allied institutions. None of these companies had any important business connections with the larger banks which are representative of the city's financial affairs.

5. October 26, 1907 The Laramie Republican Laramie, WY
Article from The Laramie Republican, October 26, 1907

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FINANCIAL SITUATION IN NEW YORK SUMMED UP AFTER WEEK OF GREAT AND FEVERISH ANXIETY. Not Enough Cash in City to Stand Tremendous Drain Without Cutting Down Loans-No Further Failures of Consequence Reported When Banks and Stock Exchange Closed at Noon-Gold From Europe New York, Oct. 26.-No apprehension was felt this morning as to the result of today's financial transactions. The principal difficulty throughout the week's excitement has been the lack of currency. There was not enough money in the city to stand the tremendous drain without cutting down the loans. Trouble Not Widespread. It is realized that the sudden lack of confidence is not widespread through the country. Leading bankers said today that the conditions were such that they would probably be able to import gold from London on Monday to the extent of $10,000,000. Means of Relief Discussed. As an alternative means of relief, clearing house loan certificates have been tentatively discussed. Money for Sub-Treasury. The sub-treasury received today $10,000,000 in small bills from Washington. Small Lines Waiting. There were small lines in front of the Trust Company of America and Lincoln Trust company buildings today, but fewer than yesterday. Exchange Pool Active. The exchange pool, which has been supporting the stock exchange houses, gave further assurance today that money would be provided for call loans when needed. Suspension of Terminal Bank. The Terminal bank of Brooklyn, a small institution, with a capital of $100,000 and deposits of about $240,000, suspended payment today. No Further Failures. The stock exchange and banks closed at noon today, without any further failures of importance, with a considerable improvement in the stock market and with several important remedial measures taken or agreed upon to strengthen the financial situation. Feeling of Relief. A distinct sense of relief is apparent everywhere. It is understood that the treasury department will, as heretofore, advance gold for immediate use, so as to avoid the time occupied in transit from Europe. Meanwhile clearing house loan certificates will be issued as a precautionary measure. Runs Somewhat Abated. The runs upon the Trust Company of American and the Lincoln Trust company were abated largely today. Drafts of country banks on their New York reserves were heavy, but not alarming.

6. October 26, 1907 The Topeka State Journal Topeka, KS
Article from The Topeka State Journal, October 26, 1907

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BREATHING TIME. New York Banks Get a Rest Until Monday. Financial Institutions Close Under Improved Conditions. ONLY ONE FAILURE And That Was Not Regarded as of Importance. Trust Companies Met All Demands of Depositors. New York, Oct. 26.-The stock exchange and the banks closed at noon today without any further failures of importance, with considerable improvement in the stock market and with several important remedial measures taken or agreed upon to strengthen the financial situation. The only reverse of the day was the suspension of the Terminal bank, Brooklyn, a new and small institution without any importance in the general financial world. There is now a breathing spell until Monday morning and a distinct sense of relief is apparent everywhere. Already arrangements for the importation of gold are well underway, and it is hoped these will furnish the relief needed. It is understood that the treasury department will, as heretofore advance the gold for immediate use so as to save the time occupied in transit from Europe. Meanwhile as a precautionary measure, although not regarded vitally essential the clearing house today authorized the issuance of loan certificates. This means that the clearing house banks are to present a united front in this emergency and that the aggregate resources of all of them are to be pledged for the maintenance of each. The runs upon the Trust Company of America and the Lincoln Trust company continued in very much abated form, but both institutions met all demands. The drafts of country banks on their New York reserves were heavy but not alarming, since at this period of the year such drafts are to be expected for the purpose of moving the crops. The imposition of the 90 days rule in Rhode Island stopped runs there and matters assumed a normal phase. The stock market opened at an advance on yesterday and showed little symptoms of serious agitation. London and other foreign points also gave reassuring advances. The rate of exchange was such as to facilitate the gold imports, and confidence abroad was evidenced by the improved tone of all foreign bourses, the only weakness apparent being the result of a failure in Constantinople and the financial crisis in Chile. On the whole the power of resistance of the banks in New York and the stability reported from all outside points brought the week to a close with a feeling that the general position was greatly improved. South Is Prosperous. St. Louis, Oct. 26.-Governor N. B. Broward, of Florida, who with Governor Dineen, of Illinois, will be a guest at the regular monthly dinner of the commercial club to be held at the St. Louis club tonight, arrived today. Referring to the financial flurry in New York, Governor Broward said: "The south is more prosperous today than it ever has been in its history. We have not felt nor do we expect to feel the effects of the present New York financial troubles."

7. October 27, 1907 The Birmingham Age-Herald Birmingham, AL
Article from The Birmingham Age-Herald, October 27, 1907

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Bankers Arrange to Issue Clearing House Certificates to All Banks ARRIVAL OF GOLD IMPORTS GIVES SUBSTANTIAL AID Banks and Trust Companies Ride the Storm of Runs Without Impairment, and the Situation Is Now Well In Hand. New York, October 26.-(Special.)-With the unanimous decision of the New York Clearing House association to issue clearing house certificates, leading financiers believe that the final steps have been taken to restore conditions in financial circles to their usual state. Of scarcely less importance as tending to restore confidence was the introduction of a resolution in the meeting of the Clearing House association applying for the readmission of trust companies to membership in the association. The announcement of the early arrival of gold imports from Europe further improved the situation today. There is a balance of $60,000,000 in our favor in the trading between Europe and the United States, and an influx of the yellow metal from Europe at this time will serve to hasten the return to normal conditions. With all these things operating to restore confidence the reaction which seu in on Friday continued unabated today. The suspension of the Terminal bank in Brooklyn, a small institution, had no effect on the situation. The Trust Company of America, the Lincoln Trust company and the other institutions which were imperiled by runs rode the storm, and their officials announced at the close of the day that tneir concerns would resume business Monday in good shape. It is understod that for the reason that Europe might get the idea that the cone ditions in New York are worse than they really are, J. P. Morgan and bankers in friendly association with them, opposed the issuance of the clearing house cer tificates, but gave way to the minority after the matter had been thoroughly threshed out Arranging Details. A committee, headed by Vice President Cannon of the Fourth National bank. was appointed to arrange the details for the issue. The final act of the meeting of the Clearing House association was the adoption of a resolution thanking Secretary Cortelyou and J. P. Morgan for their services during the time of the crisis, The regular weekly bank statement is sued today showed that the surplus which the banks had at the close of last week was entirely wiped out by the panic and that a deficit of $1,233,300 was created instead. A surprising feature of the statement was an increase of loans of $10,864,700. 11 had been expected that the enormous liquidation during the week would have resulted in a considerable decrease in this item. Frightened depositors in the Mechanics' and Traders bank. with 12 branches in Manhattan and Brooklyn, and the Broadway Trust company made a run upon these banks. All demands were met by these concerns, however. In a run on the Northern bank of New York there was so much disorder that the police had to be called. The Broadway Trust company adopted a rule that those who were withdrawing funds to pay off employes should have the first call today. General approval was given to the action of the presidents of the saving3 banks, all of which today put into effect the rule which compels the filing of 60 days notice of an intention to withdraw funds. Cortelyou's Statement. Secretary of the Treasury Cortelyou caused the following statement to be given out tonight: "On the occasion of a call on him this morning by representatives of the New York clearing house, Secretary Cortelyou asked that they convey to the clearing house his deep appreciation on behalf of the government of the courageous and high-minded manner in which they had upheld the interests, not only of the people of this city but in a sense the people of the whole country.' " Later the secretary called upon J. P. Morgan and expressed in similar terms his appreciation of the services rendered by Mr. Morgan and all who had cooperated with him in meeting the emergency. The sub-committee of the directors of the Knickerbocker Trust company, which is hoping to bring about a resumption of business of the company, met in executive session today. After the meeting Mr. Davies, the counsel for the company, said: "The committee met and after a discussion decided upon a plan of reorganization, with the end in view of resumption of business. This plan will be advertised in detail as a paid advertisement in the Monday morning newspapers. This to insure its accuracy and also its authenticity."

8. October 27, 1907 Americus Times-Recorder Americus, GA
Article from Americus Times-Recorder, October 27, 1907

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EXGITING WEEK ENDS WITH SIGH OF RELIEF. Belief That Monday Will See Improvement. NEW YORK, October 26.-(Special) The curtain was rung down at noon today upon one of the most exciting weeks ever experienced by Wall street. It was with a great sigh of relief among the monied interests that the going sounded. By the opening of another business day it is the general belief among the leaders in the recovery that affairs will be well started towards normal conditions. No failures of importance were reported, but the Terminal Bank of Brooklyn suspended payment. Its capital is $100,000 with deposits of $240,000. As a means to restoring the equilibrium, the Clearing House will issue certificates to the extent of $50,000,000 based on approved collateral. This plan was first used in 1860. The National City Bank announces an engagement of $3,500,000 of gold from London. It is expected that $10,000,000 will be brought over, the exchange rate justifying it. The local sub-treasury received $10,000,000 from Washington today. The situation at Pittsburg and Providence was not given much attention as it is thought that the other banks in those cities can cope with the trouble. In the latter city the invoking of the thirty-day rule regarding the payment to depositors stopped the run. The stock market showed some improvement and gave evidence that the worst had passed. With the situation in the control of J. Pierpont Morgan and his associates the banking community is confident of a change for the better at once.

9. October 28, 1907 Daily Kennebec Journal Augusta, ME
Article from Daily Kennebec Journal, October 28, 1907

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ply of currency. Thus the general situation today is much improved and with the intervening Sunday it is believed that almost a normal state of affairs will be reached Monday. The Trust Company of America opened its doors as usual at 10 o'clock Saturday. There were fewer than 100 depositors in line, and the company's officials declared that the run is over. The Terminal Bank of Brooklyn, a small state institution, with a capital of $100,000 and deposits of about $240,000, suspended payment Saturday. The Terminal Bank is located at 81 Sand street, Brooklyn. The institution was established in 1905. W. P. Reid is president. The principal difficulty throughout the week's excitement has been lack of currency. There was not enough actual money in the city to stand the tremendous drain without cutting down loans. The small banking institutions that closed this week have good supplies of gilt-edged securities in their vaults. but they could neither sell them nor borrow money on them this week. simply because of the scarcity of actual paper, gold and silver money No apprehension was felt today as to the result of financial transactions. The Stock Exchange and the banks opened for business only two hours, and the Stock Exchange was not troubled by the money situation, as all the loans made Friday carry over until Monday under the ordinary rules of the exchange. Soon after arriving at the subtreasury Saturday Secretary Cortelou had a conference with George W. Pe:kins of J. P. Morgan & Co. Mr. Perkins subsequently said: "The atmosphere is fast clearing up, as any one can see."

10. November 21, 1907 The Washington Times Washington, DC
Article from The Washington Times, November 21, 1907

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BROOKLYN BANK REOPENS. NEW YORK, Nov. 21.-The Terminal Bank of Brooklyn, one of those that suspended during the recent panic, reopened today. It was declared perfecily solvent by the State authorities.

11. November 21, 1907 The Topeka State Journal Topeka, KS
Article from The Topeka State Journal, November 21, 1907

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SCRIP IS RETIRED. Banks at Billings, Mont., Return to Cash Basis. Butte, Mont., Nov. 21.-A Miner special from Billings, Mont., states that the banks in that city have retired the clearing house certificates, ample cash being available for the conduct of all business. Settlement for stock shipments have increased the reserves of the banks to a very healthy extent and the condition of the banks is the best in years. Billings is the large shipping point for Montana. It was the only city in Montana where recourse was had to clearing house scrip. The banks throughout the state are pronounced by the bank examiner to be in the best of condition. Terminal Bank to Reopen. New York, Nov. 21.-Announcement is made that the Terminal Bank of Brooklyn, which suspended during the recent banking flurry, will reopen its doors. The largest depositors in the bank have agreed not to withdraw any of their funds for an indefinite period.

12. November 21, 1907 Evening Star Washington, DC
Article from Evening Star, November 21, 1907

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TERMINAL BANK RESUMES. Brooklyn Institution Reopens for Business Today. Special Dispatch to The Star. NEW YORK, November 21.-Another of the suspended banks resumed business today, when the Terminal Bank, a state institution in Brooklyn, followed the example of the Twelfth Ward Bank of Manhattan, and reopened its doors. The Terminal Bank was generally classed in the public mind as one of the Jenkins banks, as Frank Jenkins of the Williamsburg Trust Company was one of its directors. Now that he has resigned, Supt. Williams of the state banking department, finding the institution solvent, has given permission to continue business where it was interrupted October 25.

13. November 21, 1907 Albuquerque Morning Journal Albuquerque, NM
Article from Albuquerque Morning Journal, November 21, 1907

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BROOKLYN BANK NOW READY TO RESUME New York, Nov. 20.-Announcement is made that the Terminal Bank of Brooklyn, which suspended during the recent banking flurry, will reopen its doors tomorrow. The largest. depositors in the bank have agreed not to withdraw any of their funds for an indefinite period.

14. November 21, 1907 Tonopah Daily Bonanza Tonopah, NV
Article from Tonopah Daily Bonanza, November 21, 1907

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SUSPENDED BANK WILL OPEN AGAIN (By Associated Press.) NEW YORK, Nov. 20.--The aunouncement was made that the Terminal bank of Brooklyn, which suspended during the recent banking flurry, would reopen its doors to. morrow.

15. November 21, 1907 The Marion Daily Mirror Marion, OH
Article from The Marion Daily Mirror, November 21, 1907

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Bank Will Resume. New York, Nov. 21.-The Terminal bank, of Brooklyn, which suspended during the recent banking flurry, will reopen its doors to-day. The Terminal bank closed its doors because of its inability to raise currency on short notice to meet the demands of its depositors. The largest depositors in the bank have agreed not to withdraw any of their funds for an indefinite time.

16. November 21, 1907 Alexandria Gazette Alexandria, VA
Article from Alexandria Gazette, November 21, 1907

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News of the Day. Count Purekler, leader of the German anti-Semitic movement, has been taken to Dalydorf Asylum a dangerous lunatic. t Sydney Gubbs was instantly killed at Kensington Station, Brooklyn, N. Y., early today, in endeavoring to board a train. Counts Recope and Gramedo fought a duel with pistols near Paris today in which both were wounded. They are said to have quarreled over politics. Attorney General Bonaparte was elected president of the National Municipal Lengue at the annual meeting at Providence, R. I., yesterday without opposition. Senator Foraker was yesterday formally indorsed for re-election to the Senate and for the republican nomination for the presidency by the executive committee of the Ohio League of Republican Clubs. Mrs. A. Rosner, of Goodhue, Miss., yesterday became the mother of the sixth pair of twins since 1898. She is now the mother of twenty-five children. President Roosevelt was at once notified by the proud father. The Terminal Bank of Brooklyn, one of those that suspended during the recent panic, reopened today. It was declared solvent by the State authorities. During the first hour it was open more than $45,000 was deposited. Sulzer's Harlem River Park and Casino, & noted resort at the Harlem river on Second Avenue, New York, was wiped out by fire today. The fire is believed to have been of incendiary orign. The 1 RS will exceed $50,000. Finding himself unable to secure a t giass of beer at the Wallace Hotel in Wallace, Idaho, after twelve o'clock, Jack Frederick promptly bought the place, giving has check at once, took possession of the bar and treated all the mining men. The Interuational Convention of the le Young Men's Christian Association, which will meet in Washington next th Friday morning, will gather together be Christian workers from every part of this fi country and from foreign lands. Some M 2,000 delegates are expected to attend. B To insure their safe transit to E st St. Louis, an undertsker's wigon was emfr ployed in taking certified bonds, worth qu 6,083,700, across the Eads bridge yesyou erday. When the wagon stopped in m ront of the Illinois State Bank, in East yo st. Louis, many persons asked who was or lead. The bonds were carried in forty ix boxes. Addressing the Salvation Army at fri Berlin on "Bustag." the day of national br ...miliation in Prussia, Gen. Booth said Br an eople overywhere seemed to be tiring tw f religion. He believed there were 000,000 people in London who never So ntered & church. It was the same in the B: urope and America, and even in heanen countries. He was never more surJ.' rised than he was on finding religion 80 her cking in Japan. all lett The Atlantic Deeper Waterways Con1 rence In session in Philadelphia closed be sterday after accepting Baltimore's vitation to meet in that city next year. reg lett permanent organization was effected, in Hampton Moore, of Philadelphia, my ing chosen president. Significance kill attached to the statement of Major "D A. Flagler, United States. army, at the chain of waterways as proposed sent " old be constructed for $35,000,000. I The army needs nearly 600 more ofhav B18 and the War Department has deMrs led to graduate the present first year scri) 88 of cadets at West Point early in chiè bruary, about five months ahead of B regular time. This will give the writ ny over 100 more officers, as the new tem ior class numbers only 109 cadets, there are more than that number of pres

17. November 21, 1907 Los Angeles Herald Los Angeles, CA
Article from Los Angeles Herald, November 21, 1907

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SUSPENDED BANK WILL AGAIN OPEN ITS DOORS By Associated Press. NEW YORK, Nov. 20.-Announcement 19 made that the Terminal bank of Brooklyn, which suspended during the recent banking flurry, will reopen its doors tomorrow. The largest depositors in the bank have agreed not to withdraw any of their funds for an indefinite period.

18. November 21, 1907 The Seattle Star Seattle, WA
Article from The Seattle Star, November 21, 1907

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Brooklyn Bank Reopens. NEW YORK, Nov. 21.-The Terminal Bank of Brooklyn, which suspended during the recent bankIng. flurry, reopened today.

19. November 23, 1907 The Free Lance Fredericksburg, VA
Article from The Free Lance, November 23, 1907

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Bank Officers Indicted. New York, Nov. 21.-Three indictments are said to have been ordered by the Kings county grand jury which has been investigating the affairs of the suspended Borough Bank of Brook. lyn. The grand jury has not completed its labors, and there were intimations that there might be other indictments. While no official statement was forth. coming of the action of the jury, It is understood that more than one indict may be returned against individuals. The Terminal Bank of Brooklyn, which suspended during the recent banking flurry, reopened its doors and resumed business. The Terminal bank closed its doors because of its inability to raise currency on short notice to meet the demands of its depositors. The largest depositors in the bank have agreed not to withdraw any of their funds for an indefinite time.