Jenkins Trust Company (New York, NY)

Episode Information

Episode UID
6243337991294
Episode Type
Run โ†’ Suspension โ†’ Closure
Bank Type
trust
Bank ID
624333799 hash
Start Date
October 25, 1907
Location
New York, New York (40.714, -74.006)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
4bcf373c644e2e68

Response Measures

None

Description

Suspended in the October 1907 panic, briefly resumed in April 1908, but reorganized and ultimately closed/ liquidated by Nov 1908.

Events (6)

1. October 25, 1907 Run
Cause
Macro News
Cause Details
Heavy withdrawals and suspension occurring during the nationwide financial panic of October 1907
Measures
Suspended payments (closed doors)
Newspaper Excerpt
the Jenkins Trust company of Brooklyn, which suspended during the financial crisis of October, 1907
Source
newspapers
2. November 16, 1907 Suspension
Cause
Government Action
Cause Details
Temporary receivers appointed by state authorities (application by Attorney General)
Newspaper Excerpt
Temporary receivers were appointed today for six New York city banks and trust companies which recently suspended payments... the Williamsburg, Jenkins and International Trust companies.
Source
newspapers
3. November 26, 1907 Other
Newspaper Excerpt
JENKINS TRUST BOOKS OPENED. They Are in Hands of Bank Examiner and District Attorney. 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.
Source
newspapers
4. April 5, 1908 Reopening
Newspaper Excerpt
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.
Source
newspapers
5. April 10, 1908 Other
Newspaper Excerpt
New Organization to Take Over Business of Defunct Jenkins Trust Co... permiting the defunct Jenkins Trust Co. to reopn under the name of the Lafayette Trust company of Brooklyn
Source
newspapers
6. November 30, 1908 Suspension
Cause
Voluntary Liquidation
Cause Details
Failure to obtain required increase in capital; officers decided to liquidate
Newspaper Excerpt
The Lafayette Trust company... did not open for business today. An announcement was made that.the officers of the institution had decided to liquidate.
Source
newspapers

Newspaper Articles (23)

Article from The Birmingham Age-Herald, November 8, 1907

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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.


Article from The News-Democrat, November 16, 1907

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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.


Article from Rock Island Argus, November 16, 1907

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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.


Article from The Bennington Evening Banner, November 18, 1907

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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.


Article from Troy Weekly News, November 22, 1907

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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.


Article from Pullman Herald, November 23, 1907

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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.


Article from The Barre Daily Times, November 26, 1907

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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.


Article from The Grenada Sentinel, November 30, 1907

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More Indictments Coming. New York, Nov. 26.-Five more indictments will be handed down in the grand jury's investigation into the affairs of certain of the suspended banks in Brooklyn. It is understood that four of the indictments will cover transactions in the Borough Bank and one transaction in the Jenkins Truet Company.


Article from The Washington Times, March 8, 1908

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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.


Article from Perth Amboy Evening News, March 12, 1908

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INDICTED BANKER DEAD AFTER SHORT ILLNESS Special by United Press Wire: NEW YORK, Mar. 12:- John G. Jenkins Sr., the Brooklyn banker who, with his son, was indicted for his connection with the suspension of the Jenkins and Williamsburg Trust companies, of Brooklyn, died today following an illness of several days.


Article from The Evening World, March 12, 1908

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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


Article from Evening Journal, March 12, 1908

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JENKINS, INDICTED BANKER, IS DEAD 79 By United Press Leased Special Wire. NEW YORK, March 12.-John G. Jenkins, Sr., the Brooklyn banker, who with his son was indicted for his connection with the suspension of the Jenkins and Williamsburg Trust Companies of Brooklyn, died at Sea Cliff, L. I., this morning following an illness of several days.


Article from The Montgomery Advertiser, April 6, 1908

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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.


Article from The Barre Daily Times, April 10, 1908

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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.


Article from New-York Tribune, April 12, 1908

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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


Article from The Marion Daily Mirror, November 24, 1908

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Charged with Taking Change. New York, Nov. 24.-John G. Jen. kins, jr., formerly president of the Jenkins Trust Co. of Brooklyn, which failed during the financial panic of 1907, was put on trial in Brooklyn Monday charged with the larceny 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. G. Jenkins, jr., of which he was a member. Jenkins is a member of a family of bankers widely known before the financial crash of last year. His father was president of the First National bank of Brooklyn, which went into the hands of a receiver during the panic.


Article from The Bemidji Daily Pioneer, November 24, 1908

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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.


Article from The Salt Lake Herald, November 24, 1908

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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.


Article from Bisbee Daily Review, November 24, 1908

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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.


Article from Albuquerque Citizen, November 30, 1908

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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.


Article from The Marion Daily Mirror, November 30, 1908

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Brooklyn Trust Company Suspends. New York, Nov. 30.-The Jenkins Trust Company of Brooklyn, which suspended during the financial crisis of October, 1907, but resumed business in April of this year as the Lafayette Trust Co., will definitely close its doors Monday.


Article from The White Pine News, December 1, 1908

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EFFORT WAS IN VAIN REORGANIZED JENKINS TRUST CO. CLOSES ITS DOORS-MANAGEMENT CLAIMS OLD OFFICERS PREVENTED SUCCESS. NEW YORK, Nov. 30.-The Lafayette Trust Co., a reorganization of the Jenkins Trust Co. of Brooklyn, which went down in the financial panic a year ago, did not open for business today. Announcement was made by the


Article from The Washington Herald, August 1, 1911

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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.