Alleged embezzlers, accused of defrauding the Phoenix Bank of up to $300,000 face a New York City Court

Employees of the well-regarded Phoenix Bank in New York City and their co-conspirators had been arrested earlier on charges that they had stolen by various methods over the past two years up to $300,000.  One of the accused, who had taken up to $100,000 and lost it on the stock market had already committed suicide in his cell.  The others were brought before the Jefferson Market Police Court in the city for a preliminary hearing. The ringleader, teller Henry Jenkins, later went to prison.  (By John Osborne)