Jenkins Trust Company (New York, NY)

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ALL JENKINS BANKS CLOSE

Include First National, and Williamsburgh and Jenkins Trust Companies.

NO CASH FOR CHECKS

Surprise Came to Depositors Soon After One O'Clock.

WILL RESUME SAYS COUNSEL

People Affected Include Residents and Business Men All the Way from the Eastern District to Coney Island—Said That Heavy Withdrawals by Local Railroad Company Caused Some Trouble.

All of the trust companies and banks in the Eastern District with which John G. Jenkins and his sons have been so long identified closed their doors to-day.

First the Williamsburgh Trust Company hung out a sign indicating that because of a lack of ready cash it had been compelled to shut down.

Soon after the First National Bank, at the foot of Broadway, and one of the oldest national institutions in the country, followed suit.

On top of this the Jenkins Trust Company, with branches spread throughout the town, closed down, and then the chain was completed.

An effort was made to interview President Jenkins, and when he was called on the 'phone, he declined to make any statement except that a lack of ready cash was responsible for the suspension. He intimated that it was but temporary.

At the office of National Bank Examiner Hanna no information was obtainable this afternoon regarding the suspension of the First National Bank. Mr. Hanna, it was said, had left his office to go to Brooklyn.

As a result of the shutting down of the several trust companies and the First National Bank this afternoon many large concerns in the Eastern District will be unable to pay their help to-morrow. This fact was made apparent when several large manufacturers appeared in front of the bank buildings prepared to withdraw the amounts of their payrolls.

News of the suspension of the First National Bank soon spread. A small crowd gathered in front of the building at the foot of Broadway, soon after the doors were closed, and this was added to as the afternoon passed. Shortly before 3 o'clock the officials of the bank directed the following sign to be placed on the door:

"Closed by the Comptroller of the Currency.

"GEORGE F. CUTTS, Examiner."

A Times reporter endeavored to get into the bank building to see President Jenkins, but he was prevented by the special policeman on guard. One of the clerks who came out for his luncheon returned to the bank in a few minutes before 3 o'clock and had a great deal of difficulty in getting in.

First National Bank Will Resume Shortly, Says Counsel.

Samuel B. Coombs, speaking for the First National Bank, made the following statement to a Brooklyn Times reporter late this afternoon after having attended a conference at the bank building, Broadway and Kent avenue:

"There is very little to say. The situation is generally understood. We were compelled to shut our doors for lack of cash. We had a great deal of cash on hand, but owing to the fact that other concerns closed down, the withdrawals from the First National were very heavy."

"When do you expect to open again for business?" was asked.

"I can't answer that. We will get in communication as soon as possible with the officials of the Banking Department. They will probably visit the bank, look over the situation and then tell us to go ahead."

Closing of Williamsburgh Trust.

The Williamsburgh Trust Company, on the Brooklyn plaza of the Williamsburgh Bridge, closed its doors shortly after 1 o'clock this afternoon, President Frank Jenkins causing a sign reading as follows to be posted on the door:

"Closed temporarily for lack of cash."

Immediately a crowd collected. A man was stationed in front of the company's building and he refused to allow anyone to enter. A young man soon appeared and when he found that the bank was closed he broke down and cried.

"My God," he said, "all my money is in there."

Message to President Unanswered.

He was assured by several others that his money was safe. A Times reporter endeavored to get into the trust company's building, but was refused admission. He sent a message to President Jenkins asking for a brief statement, but the message was not delivered.

Nearly all of the directors of the company were in the building when it was decided to close down. They immediately went into executive session. The meeting was in progress at the hour of going to press.

Unable to Meet a $10,000 Check.

The bank suspended when unable to meet the check of a prominent resident of the Eastern District, who employs a large force of help, and who sent one of his employees to the bank for $10,000. The cashier of the bank looked at the man and declared, so the man said, that it was impossible to cash it at the present time. The man hastened back to his employer and immediately a report got in circulation that the company had closed its doors.

Sign on Down Town Branch.

We have temporarily stopped payments owing to the impossibility of securing currency. (Signed) WILLARD REID, Vice President.

This was the notice, posted upon the closed doors of the down-town branch of the Williamsburgh Trust Company at 1 o'clock this afternoon. One hour previous the officials of the institution declared that the company was in excellent shape and no intention of suspending payment was entertained. All efforts to secure an explanation from the directors proved fruitless. All inquiries were simply referred to the typewritten notice pasted on the door.

Crowds Kept Moving.

There were several clerks and subordinate officials at work in the office, but no admission was granted to anyone by the policeman and special officers who guarded the exits. No commotion occurred at any time during the afternoon, although there was a steady stream of depositors, all of whom, after being permitted to read the notice, were kept moving by the officers.

Organized Several Years Ago.

The Williamsburgh Trust Company was organized several years ago. It has branch offices at 949 Broadway, 391 Fulton street and on Broadway, near Myrtle avenue. According to the last statement, prepared by the Banking Department, the Williamsburgh Trust Company has loans on collateral amounting to $3,063,213, and cash on deposit amounting to $513,362. Its assets amount to $6,077,903. The reserve and liabilities amount to $9,676,484. It was capitalized at $700,000 and there is now due depositors $7,663,331. The surplus and undivided profits amount to $569,720, and other liabilities amount to $743,433.

First National Follows Trust Co.'s Lead.

Shortly after the Williamsburgh Trust Company closed its doors the First National Bank, at Broadway and Kent avenue, temporarily suspended business. The following notice was posted on the door:

To allay apprehension we have decided to close our doors temporarily for the lack of ready cash.

A B. R. T. Rumor.

No statement could be obtained from any of the officers of the institution, of which John G. Jenkins is the President. It was rumored this afternoon around lower Broadway that the Brooklyn Rapid Transit Company withdrew a large sum from the bank, and that this was the cause.

It was only a few days ago that the directors of the First National Bank closed a deal for the purchase of a piece of property at Broadway and Havemeyer street, on which site it was contemplated erecting a new building.

Bank Established in 1852.

The bank was established in 1852. The capital is $300,000, and deposits are estimated at $4,200,000. The bank is a member of the New York City Clearing House.

Jenkins Trust Companies Close.

The Jenkins Trust Company, whose principal office is at Nostrand and Gates avenues, and has branches at Surf avenue and West Twelfth street, Coney Island, Bay Twentieth street and Bath avenue, Bath Beach, Broadway and Myrtle avenue, and 1,745 Broadway, closed its doors this afternoon. John G. Jenkins, Jr., the President of the company, was communicated with by a Brooklyn Times reporter, but refused to make any statement, other than to say that it had been decided to close down temporarily for lack of cash.

No Trouble at the Offices.

There was no trouble whatever at any of the company's offices. Depositors residing in the neighborhood expressed their utmost confidence in the solvency of the institution. Some even went so far as to say that if they had any money on hand they would not hesitate to deposit it with the company.

Nassau Trust All Right.

The closing of the Williamsburgh Trust Company and the First National Bank caused a few of the depositors to visit the Nassau Trust Company, at Bedford avenue and Broadway, this afternoon. The line was only a small one, and no apprehension was felt. In fact, Andrew D. Baird, of the Board of Trustees, expressed great confidence. Speaking of the situation, he said:

"We have enough money to tide us over to-day. We will also have enough to see us over to-morrow. The situation at present looks a little bit gloomy, but I believe the institutions that will see themselves through to-morrow will be all right.

"The savings banks are benefitting by the condition. There is no cause for fear, however, for I believe everything will be straightened out in a few days."

Manufacturers' Bank in Good Shape.

Things were normal at the Manufacturers' National Bank, Broadway and Berry street, this afternoon. At no time was there any indication of a run. In fact there were a large number of deposits received. At no time were there more than two or three persons in front of the paying teller's cage.

Cashier Nightingate, speaking of the situation, said: "We are in just as good condition to-day as we have ever been. The actual scarcity of money has caused a scare, and is responsible for a number of persons losing their heads. I believe all the banks are solvent, and will eventually come out of this condition. We are accepting checks and paying out the money as usual, and as you will notice there is no sign of a run here."

At the time Mr. Nightingate spoke there were two depositors in the bank.

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FIRST NATIONAL OF BROOKLYN AND SIX OTHER BANKS CLOSE

SITUATION AT A GLANCE.

Secretary Cortelyou said after the close of banking hours:

"The situation is good. This is the third day, and I see no setback of serious import. I shall probably remain in the city all day tomorrow, and if there is no critical development—which I see no sign of at this time and do not expect by any means—I shall return to Washington."

The First National Bank of Brooklyn, a Clearing-House institution; the Williamsburg Trust Company and the Jenkins Trust Company of Brooklyn, with numerous branches, suspended temporarily. The solvency of the institution has not been questioned.

President William A. Nash, of the Corn Exchange Bank, said:

"The outlook is decidedly better, and I think the crucial point has been passed. The failure of the smaller banks is not disturbing. They did not have much cash on hand and it was better for them to suspend than to stand a run. They are perfectly solvent and will be able to resume business when the present hysteria subsides."

The International Trust Company, of No. 206 Broadway; the Brooklyn Bank and the Borough Bank of Brooklyn failed to open their doors for business.

The Union Dime Savings Bank, Thirty-second street and Broadway, with deposits of over $27,000,000, has given notice that it will require thirty days' notice in writing of intent to withdraw. Other savings banks have adopted this course.

J. Pierpont Morgan and half a dozen bankers raised a pool of $10,000,000 late this afternoon which was loaned on call on the Stock Exchange to protect the market.

International banking houses have arranged to import between $10,000,000 and $15,000,000 in gold from Europe.

The Lincoln Trust Company, the Trust Company of America, the Colonial Trust Company and the Harlem Savings Bank safely weathered runs. The trust companies received substantial aid and the Harlem Savings Bank took advantage of the sixty-day clause.

Secretary of the Treasury Cortelyou placed about $8,000,000 in New York banks during the day, a total of $30,000,000 since last Friday.

Superintendent of Banks Clark Williams said that conditions have improved and will continue to improve if bank depositors are reasonable.

The stock market passed through a precarious, feverish day, closing in a skyrocket finish that sent the general range of prices away above yesterday's final quotations.

State Bank Examiner Leonard stated that the Lincoln Trust Company is in a solvent condition.

An officer of the Hanover National Bank suggested that Gov. Hughes proclaim special holidays enabling the banks to close next week to allow the arrival of gold from abroad. Gov. Hughes, over the long-distance telephone, said he had no power to order such holidays.

A shipment of $2,500,000 in small bills was received from the United States Treasury in Washington.

Ernst Thalman, Otto T. Bannard and Gen. Henry C. Ide were appointed temporary receivers of the Knickerbocker Trust Company.

Before the close of the stock market Halstead & Hodges and Van Emburgh & Atterbury, brokers, loaned on the floor of the Stock Exchange $10,000,000 of the syndicate money at 50 per cent.

The amount pledged by the Clearing House banks to the aid of the Stock Exchange will be between $12,000,000 and $15,000,000.

Williamsburg and Jenkins Concerns, Belonging to the Jenkins String of Banking Institutions, Temporarily Close Their Doors.

THERE WAS VERY LITTLE EXCITEMENT AT EITHER BANK

Borough and Brooklyn Banks and International Trust Company Had Been Forced to Suspend Earlier in the Day.

In rapid succession the Williamsburg Trust Company and its branch on Fulton street, Brooklyn, the Jenkins Trust Company and all its branches and the First National Bank of Brooklyn closed their doors this afternoon for lack of ready cash.

In each instance it was announced that the suspension was temporary and that all the institutions would reopen as soon as currency for carrying on business could be secured.

All the institutions that are affected belong in what is known as the Jenkins string of banking companies which enjoy the best of reputation. It is stated that they are absolutely solvent.

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Williamsburg and Jenkins Concerns, Belonging to the Jenkins String of Banking Institutions, Temporarily Close Their Doors.

THERE WAS VERY LITTLE EXCITEMENT AT EITHER BANK

Borough and Brooklyn Banks and International Trust Company Had Been Forced to Suspend Earlier in the Day.

In rapid succession the Williamsburg Trust Company and its branch on Fulton street, Brooklyn, the Jenkins Trust Company and all its branches and the First National Bank of Brooklyn closed their doors this afternoon for lack of ready cash.

In each instance it was announced that the suspension was temporary and that all the institutions would reopen as soon as currency for carrying on business could be secured.

All the institutions that are affected belong in what is known as the Jenkins string of banking companies which enjoy the best of reputation. It is stated that they are absolutely solvent.

Except in one instance nothing approaching the dimensions of a run preceded the closing of the doors. Depositors seeking to withdraw simply came in heavier numbers than usual, and finding that in the present condition of money, cash could not be secured the two trust companies, the bank and the branches shut up for the time being. The main concerns are all located in Williamsburg, but the branches are scattered through a wide area of Long Island.

The First to Close.

The Williamsburg Trust Company, one of the largest trust companies in the Greater City, was the first to close. Five minutes later its Brooklyn branch also suspended.

On the door of the main building a clerk simply posted this notice: "Closed for Lack of Cash."

On the doors of the branch this notice appeared, after a short delay: "We have temporarily stopped payment owing to the impossibility of procuring currency." This notice was signed by Vice-President Reid.

Half an hour after these suspensions the First National Bank of Brooklyn, at Kent avenue and Broadway, Williamsburg, also shut its doors. The First National has been affiliated with the Williamsburg Trust and acting as its clearing-house. The bank's deposits are given as $1,200,000 and its capital as $300,000.

The Jenkins Trust Company, at No. 70 Broadway, Williamsburg, closed a little later. All the branches of the Jenkins Trust and the Williamsburg Trust in Long Island shut their doors.

At the branch of the Williamsburg Trust no demonstration occurred, but outside the main office about four hundred Hebrew merchants and manufacturers who had expected to draw out money for their Friday night pay rolls created a small riot. The clerks inside the building refused to pay any attention to the rapping at the windows.

The crowd grew frantic. Some of the men wept and cursed. A great multitude gathered. Police reserves managed by hard work to keep the streets clear.

Only Got a Check.

Hardly any warning preceded the series of suspensions. It was learned that Corse Payton, the actor-manager, tried to draw out of the Williamsburg Trust $10,000 which he had on deposit. He was given a check on the First National, which the First National would not cash.

Behind him came other patrons who wanted cash instead of checks. They could get no currency. These men were wrangling with the paying teller when watchmen put them out and closed the doors.

At the branch in Fulton street there were similar scenes. A few men were inside the building waiting to withdraw their funds. Others crowded the pavement. Suddenly a watchman drew shut the outer gates of iron. Those already inside were paid off. The others confronted a watchman who through the bars of the gate simply repeated the two words, "No cash" in answer to all questions.

No Statement Given Out.

It was impossible to obtain any statements from the officers of either the trust companies or the bank. Newspaper men vainly sought for a while to get in touch with some person in position to speak authoritatively.

As the news spread through Williamsburg, Brooklyn and East New York big crowds of men, mainly small merchants, flocked to the trust companies or to the bank.

The Williamsburg Trust Company proper occupies a magnificent new building on the Williamsburg Bridge plaza, at Broadway and Myrtle avenue. Its Brooklyn branch, at No. 391 Fulton street, is a handsome ten-story office building, which was erected by the company a few years ago.

The list of officers is as follows: President, Frank Jenkins; Vice-President, John H. Scheidt; Secretary, W. Addison Field, Assistant Secretaries, T. J. McFarland and William S. Irish; Trust Officer, Charles E. Covert; Directors, Anthony N. Brady, John J. Cooney, Charles M. Davidson, Gustav J. L. Doerschuck, John Doshe, Marshall S. Driggs, Charles Jerome Edwards, Charles Englert, Joseph Fallert, Frank Harvey Field, W. A. Field, Joseph Huber, Theodore F. Jackson, Frank Jenkins, John G. Jenkins, Frederick G. Lemmermann, Joseph Liebman, Moses May, Willard P. Reid, M. L. Reynolds, John H. Scheidt, David W. Stein, John W. Weber and Robert T. Whelen.

The main office of the Jenkins Trust Company is at Gates and Nostrand avenues, Brooklyn. The main branches are at Surf avenue and Twelfth street, Coney Island; Bay Twentieth street and Bath avenue, Bath Beach; Broadway and Myrtle avenue and No. 176 Broadway. There are other branches scattered through Brooklyn and Queens.

The First National Bank is the first member of the New York Clearing-House to suspend. Its president is J. G. Jenkins. It has five or six suburban branches, located at Seacliff, Hempstead, Glenwood and other Long Island towns.

At the First National and all the other places which suspended verbal statements were refused. A watchman

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Knickerbocker Will Resume

At a meeting late today the directors of the suspended Knickerbocker Trust company appointed a committee to take immediate steps to bring about a resumption of the business of the company. The committee, which is made up of Fred G. Bourne, chairman; President A. Foster Higgins, G. Louis/Boissevain Moses Taylor, William A. Tucker, Charles Perrin and Leopold Wallach, later announced that an agreement providing for the -deposit of claims of depositors and of shares of stock of the company was being prepared. The committee will meet at 10:30 o'clock Monday morning and pass upon this agreement proposition as submitted by counsel. CLOSED FOR PROTECTION. Statement Concerning First National Bank of Brooklyn. Washington, Oct. 25.-Comptroller of the Currency Ridgely stated this afternoon that the Banking & Trust company and the Williamsburg Trust company, which suspended payment today, were directly responsible for the closing of the doors of the First National bank of Brooklyn. It appears that the latter bank cleared for the two trust companies and the closing of the bank doors today was for the purpose of protecting their depositors, inasmuch as otherwise It would have been held responsible for the paper of the two trust companies that might come in any time up to tomorrow morning. The following statement was given out late today from the comptroller's office: "The First National bank of Brooklyn closed its doors this afternoon and National Bank Examiner George T. Cutts has taken charge by order of the comptroller of the currency. The First National bank cleared for the Williamsburg Trust company, and the Jenkins Trust company of Brooklyn, both of which failed today. The National bank was closed to protect its depositors against the checks of the trust companies which might be presented through the clearing house."

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Bank Will Reopen

New York, November 7.-The board of directors of the Jenkins Trust company of Brooklyn, which suspended two weeks ago, today issued a formal statement announcing that they are taking measures which will insure the reopening of the institution at an early date.

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TEMPORARY RECEIVERS FOR SIX BANKS Kingston, N. Y., Nov. 16.-Temporary receivers were appointed today for six New York city banks and trust companies which recently suspended payments. They include the Hamilton. Brooklyn and Borough banks and the Williamsburg, Jenkins and International Trust companies. Application for the receivers was made by William F. Mat for Attorney General Jackson.

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Receivers for Six Failed Banks

Kingston, N. Y., Nov. 16.-Temporary receivers were appointed today for six New York banks which recently suspended payment. They are: The Hamilton, New York and Brooklyn banks, Borough Bank of Brooklyn. Jenkins of Brooklyn, and International of New York, Application was made in behalf of the attorney general of the state.

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Receivers For Six New York Banks. KINGSTON, N. Y., Nov. 18.-Temporary receivers were appointed for six New York city banks and trust companies which recently suspended payment. They include the Hamilton, Brooklyn and Borough banks and the Williamsburg, Jenkins and International Trust companies. Application for the receivers was made by William F. Mackey for Attorney General Jackson.

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Fraud Charged.

New York, Nov. 18.—Charging that the president of the Jenkins Trust company of Brooklyn borrowed illegally $557,000 from that institution and that evidence of civil and criminal liability had been found in the Borough bank of Brooklyn as well, Attorney General Jackson has startled financial circles by the obtaining of temporary receivers for six suspended banks and trust companies.

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Fraud Charged

New York, Nov. 18.-Charging that the president of the Jenkins Trust company of Brooklyn borrowed illegally $557,000 from that institution and that evidence of civil and crimnal liability had been found in the Borough bank of Brooklyn as well, Attorney General Jackson has startled financial circles by the obtaining of temporary receivers for six suspended banks and trust companies.

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JENKINS TRUST BOOKS OPENED

They Are in Hands of Bank Examiner and District Attorney. New York, Nov. 26.-The books of the Jenkins Trust company of Brooklyn, which recently suspended, were examined yesterday by State Bank Examiner A. C. Judson and District Attorney Clark.

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JENKINS BROTHERS INDICTED.

Former Officials of Trust Companies Accused of Forgery.

New York.--John G. Jenkins, Jr., until recently president of the Jenkins Trust company of Brooklyn; Frank Jenkins, deposed head of the Williamsburg Trust company, and Fred Jenkins, formerly a director of the latter institution, were jointly indicted Tuesday for forgery in the third degree.

The indicted men are brothers and the charge against them grew out of loans made the broker firm of F. & J. G. Jenkins, Jr., & Co., by the Jenkins Trust company. The transactions were disclosed during the examination of the trust company's books after the institution had suspended.

The three men were arraigned and after entering pleas of not guilty, were released, each under a bond of $10,000.

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COURT ENJOINS POLICEMAN Officer Ignored Injunction Forbidding Bertilion Measure of Jenkins. NEW YORK, December 17.-Justice Burr to-day sentenced Acting Police Captain Kuhne to serve thirty days' Imprisonment In King's county jail and to pay a fine of $250 for contempt of court in failing to obey a writ restraining him from taking Bertillon measurements of Frank Jenkins, recently Indicted on charges of forgery and larceny in connection with the suspension of the Jenkins Trust Company. This 19 another step in the effort of the Jenkins brothers to have their Bertillon records destroyed. An appeal from Justice Burr's decision will be taken. which will have the effect of a stay of sentence.

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DELAY IN JENKINS RECEIVERSHIP

Kingston, N. Y., Jan. 4. - -The hearing of the application to make permanent the appointment of John Marshall as receiver for the Jenkins Trust Company, of Brooklyn, which had been adjourned until to-day, was further adjourned until next Satorday at Albany by consent of counsel to-day. Clark Williams, State Superintendent of Banks, who has been investigating the trust company's effairs, expects to have his report ready by that time.

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RESUMPTION OF TRUST CO

MEETS STRONG OPPOSITION KINGSTON, N. Y., March 7.-Strong opposition to the proposed plan of resumption of the Jenkins Trust Company, of Brooklyn, developed at the adjourned hearing before Judge Betts here today when John Colonan, special deputy attorney general, objected to resumption on the plan submitted on the ground of inadequate compliance with the recommendations of Superintendent Williams, and Henry W. Killen, counsel for the receiver, said the company is insolvent commercially and legally. Mr. Latson, of counsel for the stockholders, reviewed the organization plan in detail and said if he had not done all that the court required he was open to suggestions. At a late hour court adjourned and Judge Betts reserved decision.

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Granted Change of Venue

The various efforts to quash the indietments failed. and then Stephen C. Baldwin, counsel for the Jenk ns family, moved for a change of venue for the trial of the Jenkinses on their Indictments. He alleged that the sentiment of the people of Brooklyn with respect to the Jenkinses was such that they could not obtain a fair trial in Kings County. The motion was granted by Supreme Court Justice Scudder, in Nassau County No decision has been reached as to the place of the trial. Energetic efforts have been made to reopen the Jenkins Trust Company and the Williamsburg Trust Company. There efforts have been combated. in the case of the Jenkins Trust Company. by the receivers. on the ground that the Jenkins influence had n t been eliminated from the institution. It is l'kelv that the death of John G. Jenkins. sr. will further complicate the His institution

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BANK TO REOPEN

Judge Signs Order Dismissing the Temporary Receiver. Kingston. N. Y., April 5.-Judge Betts tonight signed an order discharging the temporary receiver for the Jenkins Trust Company of Brooklyn and permitting that institution to resume business. The bank closed its doors on October 25 last. Judge Betts based his decision permitting the bank to resume upon the report of Superintendent of Banking Clark Williams. This report places the assets of the trust company at $4,302,712 and its liabilities including the estimated expenses of the receivership at $3,756,524. Mr. Williams finds the bank's capital Intact and a surplus of $46,188.

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LAFAYETTE TRUST CO

New Organization to Take Over Business of Defunct Jenkins Trust Co. Albany, N. Y., April 10. Supreme Court Justice Betts granted an order late yesterday permiting the defunct Jenkins Trust Co., to reoptn on or befere April 22 under the name of the Lafayette Trust company of Brooklyn with Harold A. Davision of Brooklyn as president. It is understood the institution will reopen next Wednesday. The property and assets of the defunct company are to be turned over to the new management by Saturday. John Mulhall, receiver for the Jenkins Trust company, is allowed $27,000 in fees and Henry W. Killeen, counsel to the receiver, is given $10,000 for his services.

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ADVANCE TO JENKINS TRUST COMPANY

Another step toward complete recovery from the October panic was taken yesterday, when the Title Guarantee and Trust Company advanced $204,600 to the Jenkins Trust Company to enable it to reopen its doors on Tuesday. By this arrangement the Jenkins Trust Company receives a loan of $105,000 covered by a first mortgage on its banking house and sells $99,600 worth of first mortgages on Brooklyn property to the Title Guarantee and Trust Company

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JENKINS PLACED ON TRIAL Brooklyn Banker Faces Charge of Grand Larceny. New York, Nov. 24.-John G. Jenkins, Jr., formerly president of the Jenkins Trust company of Brooklyn, who failed during the financial panic of 1907, was put on trial in Brooklyn charged with the larceriy of $50,000. It is alleged that while president of the trust company he misappropriated $50,000 of its funds by transferring it to the firm of Frank & J. T. Jenkins, Jr., of which he was a member. This firm was engaged in stock brokerage.

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CHARGED WITH LARCENY

New York, Nov. 23.-John G. Jenkins, jr., formerly president of the Jenkins Trust company of Brooklyn, which failed during the financial panic of 1907, was placed on trial in Brooklyn today charged with the larceny of $50,000 by misappropriating $50,000 of the trust company funds by transferring same to the stock brokerage firm of which he was a member. Jenkins is a member of a family of bankers who were well and widely known before the financial crash of last year.

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JENKINS ON TRIAL

NEW YORK, Nov. 23.-John G. Jenkins, Jr., formerly president of the Jenkins Trust company of Brooklyn, which failed during the financial panic of 1907, was placed on trial in Brooklyn today charged with larceny of $50,000 by misappropriation of the trust company funds by transferring the same to a stock brokerage firm of which he was a member. Jenkins is a member of a family of bankers well and widely known before the financial crash of last year.

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TRUST COMPANY FAILS TO OPEN FOR BUSINESS New York, Nov. 30-The Lafayette Trust company. the reorganization of the Jenkins Trust company, Brooklyn which went down in the financial panic a year ago, did not open for business today. An announcement was made that.the officers of the institution had decided to liquidate. The failure to obtain an increase in capital was given as the cause of action. It is said that depositors will receive dollar for dollar.

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Big Bribe Offered.

New York, July 31.-Testifying before the commission inquiring into the affairs of the Union Bank, William Justis Hayes, a former State bank examiner, declared to-day that he had been offered a bribe of $50,000 by a brother of one of the receivers of the Jenkins Trust Company to file a report favorable to the bank.