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FOLLOWS SUICIDE OF PRESIDENT July 17 (AP) prominent business man director of West Rutland Trust company shot and killed himself his home in West Rutland today run was reported to have started the bank shortly after news Thrall's death became known. Official = would closed hour earlier
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Run on Bank Results From Suicide of Director RUTLAND, VT., July director of the West Rutland Trust company today run on the bank until were closed was placed charge of the state bank examiner. William Thrall, elderly secretary and member the board, had been dead his own hand only few hours the state bank examiner, Robert Clark of Montpelier. nounced tonight from behind the barred doors of the he could not yet say whether the bank would reopen.
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BANKER KILLS SELF; RUN CLOSES BANK of the shot with which William A. Thrall. 75-year-old director of the West Rutland Trust company killed himself Thursday flew down the streets from man to man and started run which ended only when the bank closed its doors and was placed in charge of the state bank examiner
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RUN CLOSES VERMONT BANK AFTER DIRECTOR ENDS LIFE Examiner Takes Charge of West Rutland Trust Co. Following Heavy Withdrawals. RUTLAND, Press. July 18.-Following the suicide of William A. Thrall yesterday, a run was started on the West Rutland Trust Co., of which he was secretary and director, which ended only when the bank closed Its doors and was placed in charge of the State Bank Examiner. The examiner. Robert C. Clark of Montpelier, announced he could not yet say whether the bank would reopen. The West Rutland Trust Co. is a working people's bank, where laborers, small farmers and small merchants deposit their earnings. The company made large loans to the Buck Lumber Co. of this city, which went into bankrutpey several months ago.
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BANKER'S West Rutland, Vt., Trust Company Shuts Doors After Heavy Run Rutland, Vermont, July the shot director West Trust company killed himself today blew down the streets from man started which ended only doors and was charge the state bank William A. Thrall, elderly secretary member board, had dead by his hand hours State Bank Robert Clark, Montpelier, he the bank West where laborers, small farmers small merchnts deposit their meager earnings. Since depression has as big company had been and frequent. The also made large Buck city, which went bankrupt several During recent weeks several The 25 years old $1,233,279, with of $916,163. AUTHOR DIES Greenwich, Conn., 17. Henry home heart He was native of New York city.
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Vt., July Echoes of the shot with which 75year-old director of the West Rutland Trust company killed himself. started run which ended only when the bank closed today and was placed in charge of the state bank examiner. William Thrall. elderly secretary and member the board had been dead only hours when State Bank Examiner Robert C. Clark of Montpelier announced tonight that he could not yet say whether the bank would reopen The West Rutland institution is working people's bank. where laborers, small farmers and small merchants deposit their meagre earnings. Since the first of the year depression in business has touched them and deposits, company officials indicated, had smaller and less frequent. The company also had made large loans to the Buck Lumber company of this city. which went bankrupt several months ago.
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Suicide Causes Run on Bank as Director Dies Vt. with which 75-year-old director the West Rutland Trust company killed himself Thursday flew down from man man ended when closed its doors was placed charge of the state examiner William Thrall, elderly secretary and member of the board had been dead by own hand only few hours when the state Robert Clark Monpelier, nounced Thursday night could not yet say whether the bank would reopen The West Rutland institution people's small and small merchants deposit their earnings New telephone service proposed
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OFFICIAL'S SUICIDE CAUSES RUN ON BANK RUTLAND, Vt., July 17 (P).-William A. Thrall, 75, prominent businessman and director of the West Rutland Trust company, shot and killed himself in his home in West Rutland today. A run was reported to have started on the bank shortly after news of Mr. Thrall's death became known. Officials of the institution announced would be closed at 2 o'clock or an hour earlier than usual.
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SUICIDE OF DIRECTOR STARTS RUN ON BANK -Echoes of the shot with which a 75-year-old director of the West Rutland Trust company killed himself today flew down the streets and started a run which ended only when the bank closed its doors and was placed in charge of the state bank examiner. William A. Thrall elderly secretary and member of the board, had been dead by his own hand only few hours when the state bank examiner, Robert Clark of Montpelier, announced tonight from behind the barred doors of the trust company he could not yet say whether the bank would reopen. The West Rutland institution is working people's bank. where laborers, small farmers and small merchants deposit their earnings.
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ECHOES OF FATAL SHOT START RUN ON BANK RUTLAND, Vt., July 17.-Echoes of the shot with which 75-year-old director of the West Rutland Trust Company killed himself today flew down the streets from man to man and run which ended only when the bank closed its doors and was placed in charge of the state bank examiner. William A. Thrall. elderly secretary and member of the board. had been dead by his own hands only hours when the state bank examiner, Robert Clark of Montpelier, announced tonight from behind the barred doors of the trust company he could not yet say whether the bank would reopen.
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Run on Bank Begins Soon After Suicide Rutland, Vermont, July 17. (AP)Echoes of the shot with which a 75year-old director of the West Rufland Trust company killed himself today flew down the streets "from man to man and started a run which ended only when the bank closed its doors
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SUICIDE RESULTS IN 'RUN' ON Institution Forced to Close Doors After 75-Year-Old Director Shoots Himself the shot with 75-year-old director the West Rutland Trust company killed himself today flew down the streets man man and started "run" ended only when the bank closed its doors and was placed in charge the state examiner William Thrall. elderly tary and member of the beard had been dead hand only few hours when the state bank exRobert C. Clark of Montaminer. announced tonight from behind the barred doors company could not yet say wheththe bank would The West Rutland institution is people's where labor. ers. small farmers and small merchants their earnings. Since the first the depression in business has touched them as well as big business deposits. company indicated. smaller and less frequent.
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BANKER'S SUICIDE PRECEDES BIG RUN Vermont Bank Placed In The Hands Ot State Examiner As Result Of Day's Run Echoes of the shot with director of the land Trust company killed himself started run which ended only the bank closed doors and placed in charge of state bank The West Rutland working peoples where laborers, small farmers and deposit their meagre Since the first of the in business has touched as well as big business and company had been smaller The made large loans to the Lumber of this city, which eral months recent weeks there had been several large and only days ago brief revealed reof the company's officers Carroll B. Ross of Rutland succeeded to the presidency and Fred signed the of His place was taken temporarily by B. The is 25 assets on June were
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Suicide of Director Causes Run on Bank Echoes of the shot with which a 75director the West Rutland Trust company killed himself today flew down the streets from man to man and started run which ended only when the bank closed its doors and was placed in charge of the state bank examiner. William A. Thrall, elderly secretary and member of the board had been dead by his own hand only few hours when the state bank examiner, Robert C. Clark of Montpelier, announced tonight he could not yet say whether the bank would reopen. The West Rutland institution is a working people's bank, where laborers, small farmers and small merchants deposit their earnings.
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Named Knapp West Rutland Bank's Receiver Middletown Springs Man Appointed on Petition of Banking tors May Receive Nearly Full Amounts (Special the Press) RUTLAND. Knapp Middletown today named receiver of the West Rutland Trust Company which been closed since July 17, when Banking Commissioner Robert Clark Montpelier took charge of the institution. was made by Judge Fred Bicknell of Windcounty court Clark, stated the closed after heavy due to which were in circulation at the time In statement to the press tonight, Clark says: felt that the bank need not have been closed the public had not become alarmed over insidious propaganda which appears have circulated direct intent to injure the bank. From present indications, expect to receive nearly the full amount of their deMr. Clark emphasized the fact that there no defalcations.
SUIT FOR Wife of Real Estate Man Discontinues Action as Many Await Trial. While crowd that filled every available seat in the county courtroom awaited yesterday afternoon trial of the divorce case brought by Mrs. Olive Hammond Wiltsle of this city against E. Dyer Wiltsie, real estate dealer, counsel for Wiltsie announced that the Mrs. had been discontinued. second time that spectators, who had turned out in large numbers the case, were disappointed. On Friday, May 15, there because the absence Mrs. Wiltsie's counsel, Jones, and of some important Attorney Edwin W. Lawrence of Lawrence, Stafford O'Brien and Attorney Leonard Wing of Fenton, Wing, Morse Jeffords, who represented libellee, opposed motion for yesterday. understood that one of the main reasons for not pressing the case was difficulty in securing the important witnesses for the Attorney General Jones movfor his was granted by Judge Allen R. Sturtevant. Suit for divorce was brought by Mrs. Wiltsie on grounds of intolerGoyette Case Heard. Judge Sturtevant reserved decision in contested divorce case, brought Mildred Goyette against Elzear M. Goyette of Wales street, which was tried in the morning. Several witnesses testified. George Goddard represented libellant and Jones Jones, the bellee. Bank Suits Entered. Two suits brought by bank reamong those entered the county clerk's office yesterday. Gray Knapp Middletown Springs, receiver of the West Rutland Trust company. entered an tion for the foreclosure of mortgage, John O'Rourke West Rutland being the defendant. He also entered suit to collect notes, bank, given Stickney, Sargent Chase of Ludlow Webber Leamy land, represent B. Stickney this city entered appearance for James Farrell, receiver of the First Poultney, has started proceedings recover $500, which he claims due on notes from Leon Young of Poultney. Richard Prentiss, Ernest Lewis and thur Lewis, who conduct the busiknown Lewis Brothers Fred Barrett Poultney, were namtrustees. Lawrence, Stafford represent the receiver.
One Is $10,000 Auto Action; Are Brought by Bank Receivers. Suits asking damages totaling $23,700 were filed in Rutland County court yesterday. Seven of the cases are attempts to collect funds, due the West Rutland Trust company the Bank. The these cases in one filed Bertha of asking damage injuries the result accident. James for the National Bank of Poultney has six suits through his counsel, Lawrence, Stafford O'Brien. Ernest Foley Fair Haven made defend$600 suit for recovery be due the bank. Orr of Poultney defendant another suit arising from note. $6000 are asked of him. Farrell in another the cases suing Matthew Foley Fair Haven for $2000 note. M. Lynch of Poultney defendant another of the suits arising from $1300 note due the bank, Alton Ward Poultney is being sued Farrell $600 note and Sarah Owens made defendant $500 case, also arising from note. Company Sued. Helen Cendrowski West Rutland, Squires, filed suit against the pany of Newark, asking $1200 Her based $1000 life insurance policy held late husband, Stanley Cendrowski, and payable her his death. Gray Knapp, receiver the West Rutland Trust company, has filed petition for $1500 mortgage making Murphy defendant. This heard the Court of Chancery Rutland county. Sargent Chase of Ludlow represent plaintiff. Courtney Flanders, Minnie Jones Rutland Walter Hanson Springfield, Mass., made defendants the $10,000 filed by Bertha Kenworthy of Ludfirm Stafford O'Brien. The plaintiff claims that she painful and injuries George Kenworthy in which was riding struck Clarendon owned Minnie Jones driven by Flanders. According plaint of the plaintiff, Flanders passHanson's car when the latter slowed up. As Flanders passHanson, the car driving tiff riding, Mrs. Kenworthy leges.
BANK RECEIVER TO PAY 7 P. C. DIVIDEND W. Rutland Trust Co. Depositors and Claimants to Receive Funds. The depositors and other claimants of the West Rutland Trust company have received a letter from Gray Knapp, receiver, stating that a third dividend of seven per cent will be paid on October 15. The trust company, through the receiver, paid a 25 per cent dividend on August 3, 1931 and made a 10 per cent payment on July 6, 1932. Thus by October 15, all claimants will have received 42 cents on the dollar. The receiver states that when he was appointed on August 23, 1930, the entire assets of the bank were made up of 742 separate items, valued on the books at $1,060,880.79. From August 23, 1930 to June 30, 1934, a total of 520 items had been realized upon and closed out under permission of the court of chancery. These had a book value of $574,035.49. They produced net cash proceeds of $453,034.76. The receiver has paid obligations of the trust company totaling $144,896.90 and preferred claims amounting to $3100.77. The 35 cents on the dollar so far disbursed in dividends totaled $284,159.18, making the total cash outlay $432,156.85. The cash increase from August 23, 1930 to June 30, 1934 was $20,877.91. On July 1, there were 22 items which had not been realized on. These had a book value of $474,215.29.