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TROUBLE WITH BANKS Saratoga Banks Are Up Against Hard Proposition-One Is Closed. Saratoga, N. Y., June 27-The First National Bank didn't open this morning, being closed by the controller. The deposits amount : to nearly $1,000,000. The run on the Citizen's National, which was begun Saturday, continues today.
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BANK CLOSES By Request of Its Directors and Run on Another Bank as the Result Continues. Saratoga, N. Y., June 27.-The First National Bank here was closed today by order of the comptroller of the currency at the request of the directors. The run on the Citizens National Bank continues.
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The Run on the Bank. SARATOGA, N. Y., June 27.-The closing of the First National Bank, following the run on the Citizens' National Bank on Saturday did not increase the run on the latter, although the run is still in progress. The Citizens' bank is said now to have plenty of funds to pay all depositors. SARATOGA, N. Y., June 27.-The First National Bank of this place closed its doors this morning by order of the Controller of the Currency.
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Bank Failure. Saratoga, N. Y., June 27.-The First National Bank of this place closed its doors this morning by order of the Controller of the Currency. The closing of the First National following the run on the Citizens' National on Saturday, did not increase the run on the latter, although the run is in progress. The Citizens' bank is said now to have plenty of funds to pay all depositors.
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BANK CLOSED. (By Associated Press.) Saratoga, N. Y., June 27.-The First National Bank was closed by order of the Comptroller of the Currency at the request of the directors. The run on the Citizens' National Bank continues
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MISSING BANK CASHIER FOUND. Saratoga Man Discovered Exhausted and Dazed in Barn. Saratoga, N. Y., July 2.-William Hay Bockes, formerly cashier of the First National Bank, who has been missing several days, returned to his Saratoga Lake cottage to-day. While mentally deranged by worry and overwork, he wandered in the woods near Saratoga Lake and finally sought refuge in a barn, where he was discovered in an exhausted and dazed condition. The First National Bank was closed last Monday by a bank examiner under orders from the Controller of the Treasury. Mr. Bockes was reported missing at that time, his friends saying that he had not been seen since Saturday, when he was superceded by Robert F. Milligan as cashier of the bank. At the time of the bank's suspension, the directors issued a statement that it was at their solicitation and to ascertain the exact condition of the institution that the bank examiner took charge of affairs. A run on the Citizens National Bank, of this place, on last Saturday, is said to have influenced the directors in applying for an examination by federal authorities.
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NINETY PER CENT STOCK ASSESSMENT. Saratoga, N. Y., Aug. 1.-The stockholders of the First National Bank have consented to a 30 per cent stock assessment on the par value of the stock, payable August 6. This was required by the Controller of the Currency in order to reopen the bank, which was recently closed to escape a run.
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Stockholders to Pay Big Assessment. Saratoga, N. Y., Aug. 2.-The stockholders of the First National bank have consented to a 90 per cent assessment on the par value of the stock, payable Aug. 6. This was required by the comptroller of the currency in order to reopen the bank, which was recently closed to escape a run.
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Stockholders to Pay Big Assessment. Saratogn, N. Y., Aug. 3.-The stockholders of the First National bank have consented to a 90 per cent assessment on the par value of the stock, payable Aug, 6. This was required by the comptroller of the currency in order to reopen the bank, which was recently closed to escape a run.
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Saratoga Bank Reopens. SARATOGA, N. Y., Aug. 19.-The First National bank, which on June 27 was closed by order of the comptroller of the currency to avoid an anticipated run, has resumed business.
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Saratoga Bank Reopens. SARATOGA, N. Y., Aug. 19.-The First National bank, which on June 27 was closed by order of the comptroller of the currency to avoid an anticipated run, has resumed business.