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BANK IS CLOSED. Barre, Vt., Nov. 22.-The Barre Savings Bank and Trust Co. was closed today by the state bank commissioner George P. Carpenter after a hasty examination of the books. He offered no statement by way of explaining his action. For several days the bank has been facing a run which started from unauthenticated rumors regarding its condition.
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AT LEAST 25 KILLED AND 100 WOUNDED IN FIGHTING AT DUBLIN Savings Bank at Barre British Government May MAY INTERVENE Closed This Morning Send Additional Troops Into Ireland - News of BARRE, Nov. 22. - The Barre Attacks and Casualties Savings Bank and Trust Co. was IN ARMENIA closed today by State Bank ComComes Slowly - Trouble missioner Carpenter, after a hasty examination of the books. He ofStarted By Gangs AssasCouncil of League of Na fered no statement by way of exinating Government Offiplaining his actions. The bank had tions Adopts Resolution been subjected to a run during the cials to Stop Hostilities past few days, following the spreading of unauthenticated rumors conLATER CROWD IN cerning the bank's financial condiWARM DEBATE tion. PARK ATTACKED
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CLOSES BARRE BANK AFTER RUN ON INSTITUTION BARRE. Nov. 22-The Barre Savings Bank and Trust Co. was closed today by State Bank Commissioner Carpenter after a hasty examination of the books. He offered no statement by way of explaining his action. The bank had been subjected to a run during the past few days following the spreading of unauthenticated rumors concerning the bank's financial condition.
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RECEIVER IS NAMED. Bank Commissioner to Conduct Barre Savings Bank and Trust Co. BARRE, Nov. 23.-Judge Stanley Wilson today appointed State Bank Commissioner G. B. Carpenter as receiver for the Barre Savings Bank & Trust Co. which was closed by the commissioner yesterday following a run. Immediately on qualifying for the position Mr. Carpenter will begin a minute examination of the accounts. He stated that the examination would require probably a month.
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Barre (Vt.) Bank Accused BARRE, Vt., Nov. .--State Bank Commissioner George Carpenter filed with the county clerk at Montpelier to-day a bill of complaint setting forth his reasons for closing the Barre Savings Bank and Trust Company Monday after that institution had been subjected to a run. He said the books failed to show the bank's true condition when exam ned in October. It is also alleged that the bank failed to keep a proper reserve in cash, that Liberty bonds carried in the bank statement were really the property o individuals, and that the bank has made excessive loans.
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Concealment of Bank's Funds Bank Commissioner George B. Carpenter filed with County Clerk L. C. Meody at Montpelier Friday, a bill of complaint, setting forth the reasons why he closed the Barre Savings Bank and Trust company after that institution had been subjected to a run by depositors. The commissioner asserts that the books of the bank failed to show the true condition of the bank, alleges fraudulent concealment of facts, charges that the bank failed to keep a proper reservein cash, charges that Liberty Bonds carried in the bank statement were really the property of individuals and that the bank has loaned to many persons in excess of the amount permitted by law.
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Notice! The QUARRY SAVINGS BANK & TRUST COMPANY will be pleased to assist depositors of the Barre Savings Bank and Trust Co. in proving their claims against that institution. May we suggest that books be left with us to be presented to the Receiver for proof. This will facilitate the work and relieve creditors of the necessity of their personal attention.
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BANKER PLEADS GUILTY. Barre, Vt., Dec. 28.-Frank G. Howland, president of the Barre Savings Bank and Trust Company, pleaded guilty in the city court today to embezzlement of $15,400 'from the bank. The institution was closed five weeks ago by the bank commissioner after depositors had made a run on it for several days.
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BAN ER SENT o PRISO . . Vermonter Pleads Gullty to Embezzling $15,400. Barre, Vt., Dec. 29.- rank G. Howland, president of the Barre Savings Bank and Tr st Co pa y, pleaded guilty in the Cit Court yesterday to embezzlement f $1 ,400 fro the bank. The instituti) as closed ve weeks a o b the Pan ing Com missioner after deposito 8 had made a run on it for several days. Howland was sentenced to not less than four years and not more than seven years at hard labor.
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RECEIVER SUES F. G. HOWLAND. Amount Set Up Is $50,000-No Specifications Filed. George B. Carpenter, as receiver of the Barre Savings Bank & Trust Co., has brought a suit of $50,000 against Frank G. Howland, who was sentenced in Barre city court this week. There are no specifications set forth in the bill of complaint.
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RECEIVER SUES F. G. HOWLAND. Amount Set Up Is $50,000-No Specifications Filed. BARRE, Dec. 31.-George B. Carpenter, as receiver of the Barre Savings Bank & Trust Co., has brought a suit for $50,000 against Frank G. Howland, who was sentenced in Barre city court this week. There are no specifications set forth in the bill of complaint.
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TWO BARRE SUITS. Receiver G. B. Carpenter Brings Action Against B. Dente. The Smith, Whitcomb and Cook company has brought suit against the Vermont Granite company in general assampsit and has filed the same in Washington county court. G. B. Carpenter, as receiver of the Barre Savings Bank and Trust company, has brought a suit against B. Dente of Barre to recover money alleged to be owed the bank on a note, which Mr. Dente signed.
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RECEIVER BRINGS SUIT / To Foreclose on Mortgage Held By Barre Savings Bank. G. B. Carpenter, as receiver of the Barre Savings Bank & Trust Co., has brought a suit against J. A. and Jessie D. Dow, F. S. Thrope, Newton Lane, et al, for foreclosure on property which they bought some time ago and which the bank had a mortgage upon, amounting to $1,428.
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Receiver Carpenter of the Barre Savings Bank and Trust Co. says there is assets sufficient to pay 100 cents on the dollar if they can be taken over by some going faduciary institution.
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Receiver George B. Carpenter of the Barre Savings Bank & Trust Co. has petitioned Chancellor S. C. Wilson for permission to pay a dividend of 25 per cent to depositors of the bank whose claims have been proven and allowed. The bank was closed by the receiver on Nov. 25. 1920, and this will be the first dividend payment.
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POLICE VOLLEY FELLED MANY PEOPLE; ONE DEAD AND TWO BADLY HURT PROPOSED BANK After Three Strike SympaTRADE UP MARCH 2 BARRE WOMAN thizers Had Been ArrestOld Stockholders, Depositors, Receiver, Bombarded, the Crow New Bank Interests and National IS CLAIMANT , ed Police h Stones Surety Co. to Be Invited. and Thre Patrolmen A further hearing in the matter of To Million-Dollar Estate of the receivership of the Barre Savings d Down Were Kno Bank & Trust Co. was held before Mrs. Margaret Easton Chancellor Stanley C. Wilson at the banking rooms in the Quarry Bank of New York building yesterday and lasted until 6 LD TROOPS o'clock last evening. A long petition from A. H. Burke IN ARMORY FOR MRS. DOROTHY DAVIS and others, setting up the condition of affairs and the proposed proceedURGENCY CALL SAYS ARE 25 HEIRS inge to dispose of the assets of the old bank to a new corporation, was received by the chancellor and ordered printed. Her Uncle, Frank M. Tatro, When Riot Guns of Police Also a meeting of the general creditors and depositors of the bank was Had Previously Claimed called for March 2 in Quarry Bank Swept the Crowd Eight hall. Judge Wilson expressed the opinto Be Sole Heir ion that the old stockholders, the dePeople Fell and the Repositors, the receiver, the new bank interests and the National Surety commainder of the Crowd Waterbury, Feb. 21.-Another claimpany ought to be represented at the ant to the $1,000,000 or $1,500,000 propnext hearing, when it is hoped a trade Dispersed From Pawcan be effected for the transfer of the erty of the late Mrs. Margaret Easton old bank to a new organization. The of New York City has appeared in the tucket Streets hearing was adjourned until March 13. person of Mrs. Dorothy Davis of Barre,
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BARRE TRUST CO.'S OFFER NOT ACTED ON Because Granite Savings Bank Desired to Examine Accounts of Barre Savings Bank. The offer of the Barre Trust company to George B. Carpenter, receiver for the Barre Savings Bank and Trust company, to take over the business of the latter bank and pay 100 cents on the dollar to depositors, including interest to Nov. 23, 1920, when the Barre Savings Bank and Trust company was closed, and to resume interest payment April I, 1922, was formally made at a hearing yesterday. Following the offer of the Barre Trust company, Attorney J. Ward Carver for the Granite Savings Bank and Trust company appeared before Chancellor S. C. Wilson and asked for a continuance of the hearing until the end of the week se that his bank might come in and examine the assets and liabilities of the Barre Savings Bank and Trust company to see if the Granite bank desired to make an offer for them. Other matters in connection with the Barre Savings Bank and Trust company occupied the attention of the chancellor during the greater part of the day so that the matter was not disposed of. The hearing was then adjourned at the request of the receiver for time and at the request of the directors of the Barre Trust company that the Granite bank be given time in which to examine the affairs of the Barre Savings Bank and Trust company, the date for the next hearing being set for Wednesday morning, March 15, at 10 o'clock.