345101238 34510
national
cac9b6a266fafc9bNone
Click image to open full size in new tab
Bank Closed. Washington, Feb. 137 The First National Bank of Asbury Park, New Jersey, closed today by direction of the comptroller of the currency. Bank Examiner Schofield placed in charge as receiver. The bank was closed be cause of losses which absorbed the surplus and seriously impaired banks of capital.
Click image to open full size in new tab
NEW JERSEY BANKING INSTITUTION IS CLOSED Washington, Feb. 13.-The First National bank of Asbury Park, N. J., was closed today by:the direction of the comptroller of the currency, and Bank Examiner Schofield placed in charge as receiver. The bank has been closed because of losses which absorbed the surplus and seriously impaired the bank's capital.
Click image to open full size in new tab
SALT LAKE. Utah, Feb. 13.-Senator-elect Reed Smoot, at a banquet given last night to state officials, entertained several colored men and women politicians among the white guests. For a time no little trouble was threatened among the guests, but it was averted. The waitresses, who were all white girls, at first refused to serve the colored people, but the matter was finally compromised by the girls putting the food on the table and allowing the colored people to wait on themselves. The entertainment is causing considerable comment among white folks today. WASHINGTON, D. C., Feb. 13.The First National bank at Asbury Park, N. J., was closed this morning by order of the comptroller of the currency, and a receiver placed in charge. PANAMA, Feb. 13.-There is a war cloud today hanging all over Central America, and the outlook is ominous. Advices received here this morning from San Jose, Costa Rica, say that a diplomatic mission arrived there from Salvador, renewing proposals for a triple alliance between Salvador. Costa Rico and Honduras, against Guatemala. The proposals are likely to be accepted and war be made on the larger republic at once. WASHINGTON D. C., Feb. 13.The statistics of the births in the United States today as compiled for the twelfth census, disproves the
Click image to open full size in new tab
Bank Fails. Washington, Feb. 14.-The First na. tional bank of Asbury Park, N. J., was closed Friday by direction of the comptroller of the currency and National Bank Examiner John W. Seo. field was placed in charge as receiver.
Click image to open full size in new tab
ASBURY BANK RECEIVER'S REPORT. Washington, Feb. 20.-The first report of the receiver of the First National Bank of Asbury Park. N. J., showing the assets and liabilities of the bank at the date of suspension, with the receiver's estimate of the value of the assets, has been received by the Controller of the Currency. The liabilities are as follows:
Click image to open full size in new tab
SUBPOENA FOR ASBURY PRESIDENT. Head of Trust Company Ordered to Appear in Trenton-Apply for New Bank. [BY TELEGRAPH TO THE TRIBUNE.] Asbury Park, Feb. 20.-A subpΓ¦na was served on President Albert C. Twining of the Monmouth Trust Company to-day, commanding him to appear at Trenton to testify concerning the loan by the trust company of $22,500 to the Frazer Mountain Copper Company, of which he is president, and the purchase by the trust company of 381 shares of the stock of the First National Bank the day the latter concern was closed by the government. The subpΕna is returnable next Tuesday, when application will be made for a receiver for the trust company by Attorney General McCarter. The officials of the trust company and their friends are urging the appointment of Senator Oliver H. Brown, of Spring Lake, but the depositors want a local man named, and Councilman T. Frank Appleby and Hugh S. Kinmonth and John E. Lanning, formerly prosecutor of the pleas, are spoken of for the place. Local capitalists to-day forwarded to Washington an application for a new national bank in this city, to be known as the Seaboard National Bank. If a favorable reply is received the new bank will be placed in running order within a week. The signers of the application are Frank B. Conover, Clarence S. Steiner, James M. Ralston, John Steinbach. Henry Steinbach, Martin L. Bamman and Dr. James F. Ackerman. The new institution will be capi-, talized at $50,000. with a surplus of $50,000. The seven capitalists named have subscribed the entire amount of stock. It is probable that the National Park Bank will be its New-York correspondent.
Click image to open full size in new tab
ASBURY BANK MEN ARRESTED President Twining and Treasurer Cornell, of the Monmouth Trust and Title Company, Charged with Fraud. PRESIDENT KROEHL ASSIGNS (Special to The Evening World.) ASBURY PARK. N. J., Feb. 25.-Presdent A. C. Twining. of the Monmouth Trust Company, and Treasurer D. C. Cornell, of the same institution. were arrested at noon by County Detective Strong. charged with fraud. The bail for Twining was fixed at $5,000 and for Cornell at $4,000. Twining was not only President of the trust company. which was turned over to a receiver by Chancellor Magie, yesterday. but he was a director of the First National Bank of Asbury Park, which failed two weeks ago, and the President of the Frazer Mountain Copper Company. on the stock of which both institutions loaned a great deal of money. He borrowed from the bank and the trust company about $22,000 on his own notes and the stock of the copper company. Cornell, according to the State Bank Examiner's report, borrowed from the Trust Company. of which he was treasurer, $8,721 on his notes and collateral, now thought to be worthless or nearly so. Another charge against the two men is that Twining and Cornell, on the eve of the failure of the First National Bank, when the stock of that establishment was far below par in the market, held a company meeting with nobody but themselves present and voted to buy with the Trust Company money 381 shares of the bank at $117 a share This meeting was held Feb. 9. One of the men offered the resolution of purchase and the other seconded it, It is said. The expenditure of $44,875 in this manner created a deficiency and forced the Trust Company to close its doors. The specific charge against Twining and Cornell is for making false statements of the condition of the Monmouth Trust Company. The complaint was made by Bank Examiner Lerue Viedenberger and the warrant was served on the defendants in the streets. Both prisoners will probably secure ball this afternoon. The arrest of President Twining and
Click image to open full size in new tab
BANK OFFICIALS ARRESTED. Charged With Falsifying Reports of Monmouth Trust Company. ASBURY PARK, N. J., February 25.President Twining and Treasurer Cornell of the failed Monmouth Trust Company were arrested here today. The arrests were made on the street. The officials are accused of falsifying reports of the condition of the trust company, the charges being made by Bank Examiner Vredenburg. Prosecutor Foster had a conference with Judge Helsley, and it was decided to place Twining under $5,000 ball and Cornell under $4,000 bail. NEW YORK, February 25.-George F. Kroehl and Percial Kroehl, who did business under the name of Henry Kroehl, importers and dealers in bristles, made an assignment today. George F. Kroehl is president of the First National Bank of Asbury Park, who suspended last week.
Click image to open full size in new tab
Kroehl Brothers Assign. New York, Feb. 25.-George F. Kroehl and Percival Kroehl, who do business under the name of Henry Kroehl, importers and dealers in bristles, made an assignment today. George F. Kroehl is president of the First National bank of Asbury Park, which suspended last week.
Click image to open full size in new tab
New York Firm Assigns, NEW YORK, Feb. 5.-George F. Kroehl and Percival Kroehl, who do business under the name of Henry Kroehl, importers and dealers in bristles. made an assignment today. George F. Kroehl is president of the First National bank of Asbury Park, which suspended last week.
Click image to open full size in new tab
MONMOUTH TRUST COMPANY OFFICIALS ARRESTED. CHARGED WITH FALSIFICATION OF STATEMENTS TO BANKING COMMISSIONER- FAILURE HERE. DUE TO ASBURY TROUBLE PREFER THREE CHARGES Twining's House Searched While G. F. and P. Krochl Assign to Protect Creditors. Wife Lay Seriously Ill. George F. and Percival Kroehi, trading as Asbury Park, N. J., Feb. 25.-Just as the exHenry Kroehl, importers and dealers in bristles, citement attending the collapse of the First at No. 220 Pearl-st., assigned to Henri PressNational Bank and the Monmouth Trust and prich yesterday. George F. Kroehl, the senior Safe Deposit Company had somewhat subsided member of the firm, is president of the First the community was startled again this noon by National Bank of Asbury Park, and is a director the arrest of President Albert C. Twining and of the Monmouth Trust Company, both of Treasurer David C. Cornell, of the trust comwhich concerns have suspended. pany, growing out of charges of falsification of John C. Robinson, of No. 115 Broadway, who statements to the State Banking and Insurance is attorney for the assignors, said yesterday that Commissioner. the assignment of George Kroehl, the senior There are three charges against Twining. in member of the firm, was attributable to his two of which Cornell is jointly charged with him offici ! connection with the two suspended comas taking part in offences alleged. The two panies, and was fled to protect his creditors. joint charges are that on December 12 Twining "Mr. Kroehl's assets," he added, "are $215,791; and Cornell submitted a false report to the his liabilities, as near as we can figure, $148,200; State Commissioner of Banking and Insurance so there is a handsome balance left. Although as to the condition of the trust company at the we think it hardly possible, his liabilities may close of business November 25. 1902; and also amount to considerably more, and he has asthat on January 20 the two submitted a false signed without a dollar of preference to any statement at the close of business December 31. creditor. 1902 The other charge against Mr. Twining "The estimate of Mr. Kroehl's liability by alone-is tlat he submitted a false statement as the representatives of the two suspended comto the number of outstanding certified checks at panies is, however, much in excess of his own the close of business December 31. The latter estimate, and their claims will be contested." charge is believed to be closely connected with The firm of Henry Kroehl is well known in the mysterious purchase of the 381 shares of the the trade, and has been in business nearly fifty First National stock on February 13. years. President Twining was apprehended as he was
Click image to open full size in new tab
CONDENSED DISPATCHES. One of the best known men in that section of the state, died, early Wednesday, at Bridgewater, Mass., in the person of John M. Stetson. Thomas Vaughan Baker, assistant transportation agent, department of the lakes, U. S. A., was killed, Tuesday night, in attempting to alight from a moving suburban train at Chicago. Mr. Baker was 62 years old and had been connected with the United States army for 35 years. George F. Kroehl and Percival Kroehl, who do business at New York, under the name of Henry Kroehl, importers and dealers in bristles, made an assignment, Wednesday, to Henri Pressprich, George F. Kroehl is president of the First National Bank of Asbury Park, N. J., which suspended, last week. At the regular meeting of the Church Club held. Wednesday night, at New York. Bishop Anthony S. Koselowsky, who said that he represented 80,000 Poles in the United States, who have broken away from the Roman Catholic church and the Rev. T. U. Jakimowicz, one of his priests, pleaded for unity with the Protestant Episcopal church under the terms of Lambeth Quadrilatoral proposition upon which the Episcopal church invited the rest of the world to unite with it in one church. They received a hearty wele come from the churchmen present. The Boston Transcript, Wednesday, said: "The leather house of C. Moench & Sons has requested of its creditors an extension of time. This firm is a corporation capitalized at $1,200,000. It owes $1,000,000, mostly to New York banks, though some Boston banks are involved. Assets are stated to be about $1,500,000, inclusive of the value of three tanneries, said to be inventoried at a conservative figure. Henry L. Moench, manager of the Boston store, has gone to New York to meet the other stockholders in a conference about the future of the company. It is said that reorganization may be decided upon. The $5000 bail of Nathan Springer, who was tried last week, at New York, for subornation of perjury and whose second trial was scheduled for Wednesday, was ordered forfeited by Justice ) Herrick. Springer failed to appear when his case was called. His counsel was given until Friday to produce his client in court. Springer is indicted on three counts two of subornation of perjury and one of attempted subornation relative to the alleged tax frauds. Counsel for Springer said that his client had not been at home for three days and that although requested to do SO he would no longer have anything to do with the case.
Click image to open full size in new tab
Made on Assignment. New York, Feb. 26. Geo. F. Kroehl and Percival Kroehl, who do business under the name of Henry Kroehl, importers and dealers in bristles, made an assignment to-day. Geo, F. Kroehl is president of the First national bank of Asbury Park, which suspended last week.
Click image to open full size in new tab
TRUST CO. HEADS HELD President Twining and Treasurer Cornell Arrested at Asbury Fark. Accused by State Bank Examiner Vredenburg of Making False Statements Further Charge Against Twining. Asbury Park, N. J.-The expected arrests of President Albert C. Twining and Treasurer David C. Cornell. of the Monmouth Trust and Safe Deposit Company, were made. They were placed under bonds to appear for a hearing. It is likely the men will elect to go to the trial court if the Grand Jury sees fit to indict them. The charges against them are made by State Bank Examiner Vredenburg. who took charge of the trust company until succeeded by Receiver Lanning. They are accused in various counts. It is alleged that on December 12 last they jointly made a false statement to the State Commissioner of Banking and Insurance. and again. that on November 25 they again jointly made a false statement. It is further charged against Mr. Twining that he falsified the statement relative to outstanding certified checks at the close of business on the last day of last year. The charges do not go into specifications. but It is said that the charge which lies against Twining alone results from the transfer of the stock of the First National Bank to the trust company, which occurred on the day the two banks closed down. February 13. The charges were sworn to before Justice of the Peace C. B. Barkalow at Freehold after a conference in which Prosecutor John E. Foster took part. and in connection with which Judge Heisley was consulted. It was late when the warrants were executed. County Detective Charles Strong was intrusted with them. and he drove across country. arriving here just before daylight in the morning. He informed Chief of Police Gravatt of his mission. and also called in Constable Hulick to aid him. Policemen were set to watch every outgoing train. and the trolley cars were also watched. Constable Hulick went to the trust company offices and waited. Mr. Cornell entered about 10 o'clock and was at once placed under arrest. At about the same hour Detective Strong and Chief Gravatt arrested Twining. They had been to his house and searched it without avail, and later found him on the street. He was taken to the trust company offices. Benjamin L. Smock. a builder: Elijab C. Van Cleaf. Dr. John F. Davison. Harvey B. Johnson and Samuel A. Oiiver became bondsmen for Twining. and Mrs. Mary A. Finch. Cornell's mother-in-law by his first wife, offered his bond. Justice John A. Borden. on instructions from the Prosecutor. fixed the bonds at $5000 in Twining's case and at $4000 in Cornell's. George F. Kroehl. President of the First National Bank. has not been here for some days. His daughter and two small children are living at his house here. and it is said Mr. Krochl is staying in Brooklyn.
Click image to open full size in new tab
TREASURY DEPARTMENT. Investigating Defunct Bank. Deputy Comptroller of the Currency Kane of Asbury Park for a few days on business in connection with the First National Bank of Asbury Park, which failed several weeks ago and is now in the hands of a receiver.
Click image to open full size in new tab
TRENTON. N. J.-Clearance T. Anker, a director of the First National Bank of Asbury Park. which bank was in the hands of a receiver, pleaded not guilty to certifying to false reports of the bank's condition while investigating the facts.
Click image to open full size in new tab
Banker Kroehl Acquitted. Trenton , N. J., July 8.-George F. Kroehl, President of the First National bank of Asbury Park, which some time ago was put into the hands of a receiver, has been acquitted in the United States district court of the charge of making false entries in the books of the bank. The verdict was rendered by the jury under direction of the court.
Click image to open full size in new tab
Geo. F. Kroehl, president of the First national bank of Asbury Park, N. J., which some time ago was put into the hands of a receiver, was, on the 7th acquitted in the United States court of the charge of making false entries in the books of the bank. The verdict was found by the jury under direction of the court.
Click image to open full size in new tab
Geo. F. Kroehl, president of the First national bank of Asbury Park, N. J., which some time ago was put into the hands of a receiver, was, on the 7th, acquitted in the United States court of the charge of making false entries in the books of the bank. The verdict was found by the jury under direction of the court.
Click image to open full size in new tab
Geo. F. Kroehl, president of the First national bank of Asbury Park, N. J., which some time ago was put into the hands of a receiver, was, on the 7th, acquitted in the United States court of the charge of making false entries in the books of the bank. The verdict was found by the jury under direction of the court.