By error, the 1937 Moody's Manual of Investments quoted the stock of the New Jersey Title Guarantee & Trust Co., sixth largest bank in Jersey City, at $974 a share instead of $9. The bank's president, Walter Pennett Gardner, was formerly judge of the New Jersey Court of Errors & Appeals. Last fortnight word began to filter about Jersey City that these were not the only errors involved in the bank's history.
Quietly, persistently, depositors appeared at the bank's main office and five branches, demanded their money. In three days the bank dished out $2,179,280. N. J. Title Guarantee &...
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