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Commissioners Decline to Disclose Condition of the Bank's AffairsUnique Position in Banking Circles. Boston, Feb. 6.-The savings bank commissioners, alleging that the continuance of the institution would be hazardous to the public and to those having funds in its custody, Judge Bra= ley of the supreme judicial court today issued a temporary injunction against the Hanover bank, a West Virginia corporation, which has its main office at 133 Hanover street, this city, and branches in the towns of Norwood and Stoughton, Mass. All the officers and directors of the bank are residents of New York. One of the directors, Robert G. Buxton, was arrested yesterday in New York, with John S. White, president of the Imperial Trustees company of Jersey City and Clyde Colt, a New York broker, by United States authorities on indictments charging them with using the mails to defraud. Foster Hooper, who has been known as the vice president of the Hanover bank, was also arrested yesterday. Hooper was taken into custody in this city on a bench warrant issued by the United States district court in New Jersey, and charged Hooper with using the mails to further a conspiracy to defraud. The records of the state commissioner of corporations indicate that M. S. Rosewig, of the firm of Mc= Jilton & Co., corner of Washington and Courtlandt streets, New York, is president of the Hanover bank; that F. W. Jacobs of 52 Broadway, New York, is secretary and treasurer, and that the directors include Robert G. Buxton, H. B. Mahn, 32 Broadway, New York, and W. Z. Holmes, Fifth avenue and Twenty-third street, New York. The savings bank commissioners declined to disclose the exact condition of the affairs of the bank, having turned the entire matter over to the attorney general, Dana Malone. The question of making the injunction against the bank permanent, and the question of appointing receivers will be heard to-morrow in the supreme court, and until that timesth attorney theral preferred not to make public the detalls of the commissioners' report. Mr. Malone stated, however, that the liabilities of the institution, representing the amoust due to depositors was $32,535. As to the assets he was not prepared to make a statement. The Hanover bank occupies a unique position in banking circles, as it is rated neither as a savings bank nor as a national bank. It is also called a foreign corporation, having received its charter in West Virginia in June, 1905. Its captal stock is $250,000, divided into 2,500 shares, with a par value of $100. In the year of its incorporation the Hanover bank succeeded the State Bank and Safe Deposit company, an e Arizona corporation, with a capital of $1,000,000, and with its main offices in e this city. Ths company had an office t at Phoenix, Arizona, as well as an of1 fice in Boston. The president was t Charles K. Amidon, and the treasurer, Albert H. Eastman. The directors included Edward K. Amidon, Foster (Continued on Third Page.)
