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national
048a0c7c69c355aaAccommodated withdrawals, Public signal of financial health, Capital injected, Books examined
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Run on saratoga NEBK. SARATOGA, N. Y., June 27.-The Citizens' National bank, which has suffered a heavy run, is declared to be sound and fully prepared to meet all obligations should small depositors today continue their demands. Losses by unfortunate investments and alleged irregularities of Cashier John H. De Ridder, who has resigned, are now placed at from $30,000 to $40,000.
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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 of Saratoga Fails. Saratoga, N. Y.-The First National Bank of Saratoga was closed today by order of the comptroller of the currency. According to a recent statement the bank owed depositors $890,000. The run on the Citizens National, which began Saturday was continued today by the small depositors.
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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 Closed. Saratoga, N. Y., June 27-The Citizens National bank of Saratoga was closed today on orders from the comptroller of the currency. The bank suffered a heavy run Saturday and the run continued this morning when the bank was unable to meet its obligations.
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Bank Is Sound SARATOGA, N. Y., June 26.-The Citizens' National bank, which suffered a heavy run yesterday, is declared to be sound and fully prepared to meet all obligations should small depositors continue tomorrow their demands. Losses by unfortunate investments and alleged irregularities of Cashier John P. de Ridder, who has resigned, are now placed at from $30,000 to $40.000.
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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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Run on Saratoga Bank. SARATOGA, N. Y., June 27.-The Citizens' National bank, which has suffered a heavy run, is declared to be sound and fully prepared to meet all obligations should small depositors today continue their demands. Losses by unfortunate investments and alleged irregularities of Cashier John H. De Ridder, who has resigned, are now placed at from $30,000 to $40,000.
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A BANK IS CLOSED. A Considerable Financial Disturbance Exists at Saratoga. Saratoga, N. Y., June 27.-The First National bank of Saratoga was not opened for business today. A notice signed by Bank Examiner Van Vranken and posted on the door stated that at the request of the directors and by order of the comptroller of the currency the bank was closed. A run on the Citizens' National bank which was begun Saturday was continued today by the smaller 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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BANK CLOSED; EX-CASHIER MISSING. First National, of Saratoga, Now in Trouble -The Citizens' On Its Feet Again. Saratoga, N. Y., June 27.-The First National Bank was closed to-day on the order of the Controller of the Currency and at the request of the directors. Soon after news of the bank's trouble spread It became known that the friends of William Hay Bockes, lately cashier of the First National, were much worried about him, as they had not seen anything of him since last Saturday night. A search made by his relatives and friends revealed no trace of him. The run which began on the Citizens' National Bank here last Saturday, but which ended to-day, led to the fear of similar demand on the First National Bank. The announcement on Saturday that Mr. Bockes, for many years cashier of the First National Bank. had been superseded by ex-Village President Robert F. Milligan gave rise to many conjectures that added to the local excitement. A director of the First National explained that the bank's officers, feeling certain of a run on the bank to-day, due to the timidity of depositors following the Citizens' National incident. and not having time to obtain the necessary financial assistance to meet the expected drain, decided to close the doors. The last report of the First National Bank. on June 9, 1904, showed that its capital was $125,000. surplus $90,680 and deposits of $764,320. Bank Examiner Josiah Van Vranken. who is in charge of the bank, expects to resume business in the very near future. The directors of the Citizens' National Bank have issued a statement that at a meeting of the directors the entire amount of capital stock was raised by voluntary subscription, thus giving the bank further available funds of $100,000. This will place the institution on a sound financial basis. The statement says that Edward L. Ridgeley, of New-York, and Judge Oldham, of Washington, representing the Controller of the Currency, have fully sanctioned the action of the bank directors, and are confident that the losses have been COVered. The statement adds that the loans of the former cashier. John H. De Ridder, who resigned last Thursday. are to be immediately paid by friends, one-half of the amount having been raised to-day, 80 that no loss is expected from that source.