23 ottob 1907 anni - "KNICKERBOCKER WILL NOT OPEN" NY Times 1907, Oct 23

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NY Times 1907, Oct 23 - KNICKERBOCKER WILL NOT OPEN

Conference of Bankers Deems It Unwise to Aid the Trust Company Further To-day. EIGHT MILLIONS WITHDRAWN Attorney General Jackson Though, Will Take No Step to Close the Institution. STILL HOPES FOR THE BEST Results of Conferences After a Suspension, a Brokers' Failure, and Panicky Day in Wall Street. Attorney General's Hopefulness. What J.P. Morgan Said. Alarming Rumors Nipped. The New Amsterdam Helped. Hard Day In the Street. Panicky Feeling Indoors and Out. Skinner Issues a Statement. Hope Almost Abandoned. Little Cash Guaranteed. Check from an Unexpected Source. Day Conference Abortive. Helping Committees Appointed. NEW AMSTERDAM MEETING. Good Showing Made — Louis Stern Denies Report He Is to Head Bank.

After the conference of bankers last night it was learned that the Knickerbocker Trust Company, which shut its doors yesterday afternoon after the withdrawal of $8,000,000 by depositors, was regarded by those at the conference as insolvent, and that no aid was to be extended to that institution.

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