Turfmen Hit by Bank Failure, Daily Racing Form, 1907-10-23


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TURFMEN HIT BY BANK FAILURE. New York. October 22. The racing at Jamaica today was overshadowed by the Knickerbocker Trust Company suspension, which was announced in the ling just before the first race. Speculation was practically paralyized for the remainder of the afternoon. Many prominent layers and horsemen, including A. J. Beverly, Maxey Marks, Issie Hanimerschlag, William Snow, James W. Howe, A. J. Joyner, Fred Burlew and T. F. Ilealey, were heavily interested. It is said that Snow had 0,000 on deposit, in -the suspended blinking institution; Rowe, 0,000; Beverly, 1,000 and "Issie Ham," 0,-000. The latter Was unable to attend to business duriug the afternoon and vainly tried to sell his bank account at eighty cents on the dollar cash. Ed Cole, the turf writer and prospective racing judge at Los Angeles, had his entire savings on deposit there. Many others connected with the race track are involved in the big failure.

Persistent Link: https://drf.uky.edu/catalog/1900s/drf1907102301/drf1907102301_1_6
Local Identifier: drf1907102301_1_6
Library of Congress Record: https://lccn.loc.gov/unk82075800