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Trust Company Suspends. PHILADELPHIA, Pa., Sept. 18.The Tradesmen's Trust Co., with a paid up capital of $500,000 has closed its doors. Peter Boyd is president. The Tradesmen's Trust Co. had $1, 328,000 when its last report was made. Properly administered, its directors say, its assets will pay dollar for dollar.
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TRUST COMPANY CLOSES DOORS Tradesmen's of Philadelphia, Suspends, Promising Institution is Solvent RETURN DOLLAR FOR DOLLAR, COMPANY SAYS By The United Press. PHILADELPHIA, Sept. 18.-The Tradesmen's Trust Company, at Juniper and Chestnut streets, has closed its doors. The company has a paid up capital of $500,000. Peter Boyd is president. The bank was closed by order of State Banking Commissioner William H. Smith, and its funds placed in charge of Bank Examiner Frank S. Taber, The following notice was posted on the doors of the closed trust company: "The Board of Directors have deoided to close the doors of the institution in order to protect the depositors who, in the judgment of the board, will receive dollar for dollar. "The institution is solvent. Its assets, properly administered will pay its entire indebtedness and leave a surplus for the stock holders. The assets are largely in the shape of mortgages and advances on real estate and while well secured cannot be realized on at once. Therefore 38 a precautionary measure in the interests of the depositors the above action of the board was decided upon." According to the latest statement of the Tradesmen's Trust Company as issued to the State Banking Department under the latter's call, the institution had on April 29 loans on call of $258,893. Time loans of $21,123; loans secured by bonds and mortgages of $357,565; investment securities as follows: Bonds, stocks, etc., $407,023. and mortgages and judgments, $532,737. Total resources, $2,294,680. Among the liabilities are $973,100 in deposits subject to check; $24,484 in demand certificates on deposit; $143,335 special time deposits and $173,465 Havings deposits. A total of $1,314,386. There was due to the state, $50,000.
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BIG PHILADELPHIA TRUST COMPANY IS FORCED TO CLOSE The Tradesmen's, With Resources of Over Two Millions, Suspends Payment. PHILADELPHIA, Pa., Sept. 18.-With its doors closed and placarded with promises that the depositors will receive dollar for dollar, the Tradesmen's Trust Company of this city, at the corner of Juniper and Chestnut streets, suspended this morning. Crowds thronged about the doors. The company was regarded as one of the most substantial in the city. According to the State banking department the institution had on April 29 loans on call of $258,893; time loans of $21,123: loans secured by bonds and mortgages of $357,565; investment securities as follows: Bonds, stocks, etc., $407,023, and mortgages and judgments, $582,737. Total resources, $2,294,630. Among its liabilities are $973,100 in deposits subject to check; $24,480 in demand certificates of deposit; $143,335 special time deposits, and $173,465 savings deposits, a total of $1,314,386. There are due to the State $50,000. Depositors Arrive. Half an hour after the notice was posted the vanguard of the depositors arrived. To these were added throngs of the idly curious, and before long the bystanders persisted in crowding up to the huge glass front, and trying the locked doors. Others joined the throngs from curiosity until traffic was stopped. Many of the crowd showed anger, others were excited and inclined toward hysterics. The Tradesmen's Trust Company was organized in 1890, with Peter Boyd as president, L. K. Brooks as vice president and treasurer, and L. B. Harvey as secretary. Early this morning the following notice was posted on the closed doors: The board of directors have decided to close the doors of the institution in order to protect the depositors, who, in the judgment of the board, will receive dollar for dollar. According to the officials of the institution, it is solvent. They declare that the assets of the bank, properly administered, will pay the liabilities of the company, and leave a surplus for the stockholders. The assets are largely in the shape of mortgages and advances on real estate, and while well secured, cannot be realized on at once. Announcement Unexpected. The announcement was entirely unexpected. Depositers had felt secure in the safety of their savings. No explanation beyond the posting of the notice was given to the public and the persons who pressed around the bank building were unable to gain any information to allay their fears. Peter Boyd, president of the company, is a well-known lawyer. The decision of the directors to close the bank was reached, it was understood, after an allday conference on Sunday, when it became apparent that a longer continuation in business would be damaging to the interests of the depositors. The conference was resumed today before the hour for opening, and at 10 o'elock word was sent out that a fuller statement probably would be made before noon. The bank opened at 9 o'clock and remained opened just long enough for clerks to appear and affix the notice. Then the doors were swung to and locked. In the minutes that the building was open an aged woman, apparently intent upon a shopping tour and drawing cash from the bank, entered. One of the attaches is said to have taken her quietly by the arm and led ] her out, saying that the institution was about to close. The Tradesmen's Trust Company was o originally a small concern on South I street. Following the retirement of the late Mayor Ashbridge from office he M took an interest in the concern, became its president and was instrumental in t having it brought to the center of the city.
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TRUST COMPANY FORCED TO WALL THE TRADESMEN'S, WITH RESOURCES OVER TWO MILLIONS, SUSPENDS. PHILADELPHIA, PA., Sept. 18.With its doors closed and placarded with promises that the depositors will receive dollar for dollar, the Tradesmen's Trust Company of this city, at the corner of Juniper and Chestnut streets, suspended this morning. Crowds thronged about the doors. The company was regarded as one of the most substantial in the city. According to the State banking department the institution had on April 29 loans on call of $258,893; time loans of $21,123; loans secured by bonds and mortgages of $357,565: investment securities as follows: Bonds, stocks, etc., $407,023, and mortgages and judgments, $532,737. Total resources, $2,294,630. Among its liabilities are $973,100 in deposits subject to check; $24,480 in demand certificates of deposit: $143,335 special time deposits, and $173,465 savings deposits, a total of $1,314,386. There are due to the State, $50,000. Half an hour after the notice was posted the vanguard of the depositors arrived. To these were added throngs of the idly curious, and before long the bystanders persisted in crowding up to the huge glass front, and trying the locked doors. Others joined the throngs from curiosity until traffic was stopped. Many of the crowd showed anger, others were excited and inclined toward hysteries. The Tradesmen's Trust Company was organized in 1890, with Peter Boyd as president, L. K. Brooks as vicepresident and treasurer, and L. B. Harvey as secretary. Early this morning the following notice was posted on the closed doors: "The board of directors have decided to close the doors of the institution in order to protect the depositors, who in the judgment of the board, will receive dollar for dollar." According to the officials of the institution. It is solvent. They declare that the assets of the bank, properly administered, will pay the liabilities of the company, and leave a surplus for the stockholders. The assets are largely in the shape of mortgages and advances on real estate, and while well secured, cannot be realized on at once. The announcement was entirely unexpected. Depositors had felt secure in the safety of their savings. No explanation beyond the posting of the notice was given to the public and the persons who pressed around the bank building were unable to gain any information to allay their fears. Peter Boyd, president of the company, is a well-known lawyer. The decision of the directors to close the bank was reached, it was understood, after an all day conference on Sunday, when it became apparent that a longer continuation in business It would be damaging to the interests 1of the depositors. The conference was resumed to-day before the hour for opening. and at
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Domestic The New York senate unanimously adopted a resolution requesting New York's representatives in congress to use their best endeavors to secure the adoption of a resolution to submit to the legislatures of the several states an amendment to the federal Constitution delegating to congress power to establish uniform divorce laws. The Tradesmen's Trust company of Philadelphia, with a capital of $500,000, and deposits, when the last report was made, of $1,328,000, has closed Its doors. Melville Braderick was shot and killed; his brother Robert was wounded and his cousin, Charles Braderick, is in a serious condition from being tied to a tree and left in the woods near Crescent City, III., at the time of the killing. The BraderIcks, who are farmers, were the victims of three men, believed to be fugitives from justice, who stole two chickens from their farm. The Metropolitan Bank and Trust company of Cincinnati closed its doors on order of the state banking department. The bank, which was organized six years ago, has capital stock amounting to $110,000. A new crusade to evangelize the American continent, financed by men whose combined wealth runs into ten figures, was launched in New York. J. P. Morgan is the head of the financial department. The Tradesmen's Trust company of Philadelphia, with a capital of $500,000 and deposits when the last report was made of $1,328,000, closed its doors. It is said to be solvent. An international municipal congress and exposition and an international good roads congress opened in Chicago. Nine persons were killed and fourteen injured, some of them probably fatally, in an automobile accident at the state fair at Syracuse, N. Y. A Knox car, driven by Lee Oldfield in the 50-mile race, left the track and crashed through the fence on the turn after leaving the stretch in front of the stand. It plowed for some distance into the crowd. The blowing out of a tire was responsible for the accident. At the age of twenty-seven years, the mother of twelve children, Mrs. Alfred Paquette was taken in charge by the county commissioners at Nashua, N. H. When the twelfth baby was born the husband and father is alleged to have disappeared, leaving no provision for his family. Every union coal miner in Iowa may be called out on strike within the next few weeks as a result of the differences in dispute at the Excelsior mine at Pekin. Clawed and bitten by a huge lion in a side show at the state fair at Syracuse, N. Y., Laura Burns, seven years old, of Morrisville, is hovering between life and death at a hospital. Beer in square paper boxes, like those used for oysters, ice cream and sauerkraut, is the latest market innovation for the benefit of fastidious New Yorkers. The box holds a pint and will retain its shape and remain beer-tight several hours. Criticism of the religion advocated by Charles W. Eliot, president emeritus of Harvard, was made at Berkeley, Cal., in a lecture by Prof. Benjamin Wisner Bacon of the chair of new testament criticism and exegesis at Yale. Terror stricken by the discharge of a shotgun in the hands of a Windham (Me.) farmer in whose orchard he was trespassing, Angelo Delmonico, aged nineteen, is believed to have met death by bolting blindly into a river that runs through the farm. Martin Costello of Tombstone, Ariz., prominent for more than a quarter of a century in the development of mines in the southwest and reputed to be a multi-millionaire, committed suicide at Los Angeles, Cal., in a cheap lodging house.
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Domestic The bodies of six persons were discovered in two neighboring houses in Colorado Springs, Colo. All had been murdered with an ax. The victims were slain in their own homes. Three were found in each house. The victims were Mrs. Alice May Burnham and her two small children and Henry F. Wayne, his wife and their one-yearold girl. The slayer has not been discovered. The International Harvester company will be allowed by the government to change its corporate form so as to comply with the Sherman antitrust law as recently interpreted by the Supreme court of the United States. A threatened dissolution suit is being delayed pending conferences by Attorney General Wickersham and counsel for the company on this readjustment. Chief of Police Charles E. Unsted, Policeman Stanley Howe, Richard Tucker, an insurance agent, and Wallace Markward, all residents of Coatesville, Pa., were arrested as the result of indictments returned by a grand jury that investigated the burning to death of Zack Walker, a negro murderer, on August 13. Upon the order of F. E. Baxter, superintendent of banks, Chief Examiner Charles B. Dodge, whose offices are in Cleveland, closed the Orangeville Savings bank, at Orangeville, Ohio. An appeal for immediate contributions to a fund for the relief of famine sufferers in China was sent broadcast in New York by the Red Cross. The New York senate unanimously adopted a resolution requesting New York's representatives in congress to use their best endeavors to secure the adoption of a resolution to submit to the legislatures of the several states an amendment to the federal Constitution delegating to congress power to establish uniform divorce laws. The Tradesmen's Trust company of Philadelphia, with a capital of $500,000, and deposits, when the last report was made, of $1,328,000, has closed Its doors. Melyille Braderick was shot and killed; his brother Robert was wounded and his cousin, Charles Braderick, is in a serious condition from being tied to a tree and left in the woods near Crescent City, III., at the time of the killing. The Bradericks, who are farmers, were the victims of three men, believed to be fugitives from justice, who stole two chickens from their farm. The Metropolitan Bank and Trust company of Cincinnati closed its doors on order of the state banking department. The bank, which was organized six years ago, has capital stock amounting to $110,000. A new crusade to evangelize the American continent, financed by men whose combined wealth runs into ten figures, was launched in New York. J. P. Morgan is the head of the financial department. An international municipal congress and exposition and an international good roads congress opened in Chicago. Harry Ahrens of Gilman, Ill., and Miss Kate Jerkins, whose home was six miles southeast of Del Rey, III., were killed when the buggy in which they were riding was struck by an Illinois Central passenger train near Paxton. Jacob Oppenheimer, under sentence for murder, killed Francisco Quijada, also condemned to die, with a piece of iron bar, in the corridor of the prison at Folsom, Cal. The killing was the result of ill feeling be-
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Domestic The bodies of six persons were discovered in two neighboring houses in Colorado Springs, Colo. All had been murdered with an ax. The victims were slain in their own homes. Three were found in each house. The victims were Mrs. Alice May Burnham and her two small children and Henry F. Wayne, his wife and their one-yearold girl. The slayer has not been discovered. The International Harvester company will be allowed by the government to change its corporate form so as to comply with the Sherman antitrust law as recently interpreted by the Supreme court of the United States. A threatened dissolution suit is being delayed pending conferences by Attorney General Wickersham and counsel for the company on this readjustment. Chief of Police Charles E. Unsted, Policeman Stanley Howe, Richard Tucker, an insurance agent, and Wallace Markward, all residents of Coatesville, Pa., were arrested as the result of indictments returned by a grand jury that investigated the burning to death of Zack Walker, a negro murderer, on August 13. Upon the order of F. E. Baxter, superintendent of banks, Chief Examiner Charles B. Dodge, whose offices are in Cleveland, closed the Orangeville Savings bank, at Orangeville, Ohio. An appeal for immediate contributions to a fund for the relief of famine sufferers in China was sent broadcast in New York by the Red Cross. The New York senate unanimously adopted a resolution requesting New York's representatives in congress to use their best endeavors to secure the adoption of a resolution to submit to the legislatures of the several states an amendment to the federal Constitution delegating to congress power to establish uniform divorce laws. The Tradesmen's Trust company of Philadelphia, with a capital of $500,000, and deposits, when the last report was made, of $1,328,000, has closed its doors. Melville Braderick was shot and killed: his brother Robert was wounded and his cousin, Charles Braderick, is in a serious condition from being tied to a tree and left in the woods near Crescent City, III., at the time of the killing. The Bradericks, who are farmers, were the victims of three men, believed to be fugitives from justice, who stole two chickens from their farm. The Metropolitan Bank and Trust company of Cincinnati closed its doors on order of the state banking department. The bank, which was organized six years ago, has capital stock amounting to $110,000. A new crusade to evangelize the American continent, financed by men whose combined wealth runs into ten figures, was launched in New York. J. P. Morgan is the head of the financial department. An international municipal congress and exposition and an international good roads congress opened in Chicago. Harry Ahrens of Gilman, III., and Miss Kate Jerkins, whose home was six miles southeast of Del Rey, III., were killed when the buggy in which they were riding was struck by an IIIInois Central passenger train near Paxton. Jacob Oppenheimer, under sentence for murder, killed Francisco Quijada, also condemned to die, with a piece of iron bar, in the corridor of the prison at Folsom, Cal. The killing was the result of ill feeling betwen the two men.
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Shot Himself. [United Press Leased Wire Service.] PHILADELPHIA, Pa. Dec. 9.-Peter Boyd, a prominent attorney and president of the Tradesmens Trust Company of this city, which went into the hands of a receiver about two weeks ago, committed suicide by shooting himself. A scrub woman found his body. It is believed he was mentally deranged over worry occasioned by the trust company's failure.
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LAWYER-BANKER A SUICIDE Peter Boyd, of Philadelphia, Despondent Over Failure. Philadelphia, Dec. 9.-Peter Boyd, a widely known member of the Philadelphia Bar and president of the Tradesmen's Trust Company, of this city, which went into the hands of a receiver about two months ago, shot and killed himself today in his law offices on the thirteenth floor of an office building His body was found by a scrub woman who entered the offices to clean them, late this afternoon. There was a bullet wound in his head and near the body was found a revolver. Worry and anxiety, caused by the failure of the trust company, is believed to have deranged Mr. Boyd mentally. After the closing of the concern he was much broken physically. The trust company closed its doors on September 18. In a statement to the depositors Mr. Boyd said that inability to promptly realize on certain outstanding loans impaired the bank's financial condition. He promised to pay depositors dollar for dollar Mr. Boyd was fifty-seven years old. He had a lucrative practice in the civil courts and in the management of estates. He was prominent in city affairs and was a popular speaker on the stump for the Republican party, but never sought office for himself. A widow and one son twenty-one years old survive him. In 1909 he was married to Mrs. Isabel Warner Bartholomew, formerly of Hartford Conn., and New York. Mr. Boyd was the executor of several large estates and in his desk were found letters from persons calling for settlements. Mr. Boyd deposited nearly all his funds in the Tradesmen's Trust Company, and, It is believed. being unable to meet the deminds, his mind became unbalanced. A few hours before he ended his life Mr. Boyd held a conference with Percy M. Chandler. receiver of the trust company, and the directors. Another meeting was to have been held on Monday. Members of the board of directors to-night denied I'llmore that the trust company had been mismanaged
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BANKER ENDS LIFE. Cause Believed to Have Been Worry Over Financial Troubles. Philadelphia, Dec. 10.-Peter Boyd, a well-known member of the Philadelphia bar and president of the Tradesmen's Trust Co. of this city, which went into the hands of a receiver, about two months ago, shot and killed himself, Saturday, in his law offices on the 13th floor of an office building. His body was found by a scrub woman, late Saturday. There was a bullet wound in his head and near the body was a revolver. Worry over the failure of the Trust Co. is believed to have mentally affected Mr. Boyd. After the closing of the concern he was much broken physically. The Trust Co. closed its doors, Sept. 18. In a statement to the depositors, Mr. Boyd said that inability to promptly realize on certain outstanding loans impaired the bank's financial condition, and he promised to pay depositors dollar for dollar.
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PETER BOYD KILLS HIMSELF. Was Prominent Lawyer and President of the Tradesmen's Trust Company. Philadelphia, Dec. 11.-Peter Boyd, a well-known member of the Philadelphia bar and president of the Tradesmen's Trust company of Philadelphia, which went into the hands of a receiver about two months ago, shot and killed himself Saturday in his law offices on the 13th floor of an office building in Philadelphia. His body was found by a serubwoman late Saturday. There was a bullet wound in his head and near the body was a revolver. Worry over the failure of the trust company is believed to have mentally affected Mr. Boyd. After the closing of the concern, he was much broken physically. The trust company closed its doors on September 18. In a statement to the depositors, Mr. Boyd said inability to promptly realize on certain outstanding loans impaired the bank's financial condition and he promised to pay depositors dollar for dollar. Mr. Boyd was 57 years old. He had a lucrative practice in the civil courts and in the management of estates. He was prominent in city affairs and was a popular speaker on the stump in the interests of the Republican party, but never sought office himself. He is survived by a widow and one son, 21 years old. In 1909 he married Mrs. Isabel Warner Bartholomew, formerly of Hartford, Conn., and New York.
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THE DEATH RECORD. Colonel Ethan Allen, lawyer, author and collateral descendant of his namesake of Revolutionary fame, is dead at his home in New York city. He was eighty years old. Colonel Allen led the Liberal Republicans in 1872 and managed Horace Greeley's campaign for the presidency. Peter Boyd, a well known member of the Philadelphia bar and president of the Tradesmen's Trust company of that city, which went into the hands of a receiver about two months ago, shot and killed himself in his law office. Judge Bartlett Tripp, former Unitea States minister to Austria-Hungary, is dead at Yankton. S. D.
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THE DEATH RECORD. Colonel Ethan Allen, lawyer, author and collateral descendant of his namesake of Revolutionary fame, is dead at his home in New York city. He was eighty years old. Colonel Allen led the Liberal Republicans in 1872 and managed Horace Greeley's campaign for the presidency. Peter Boyd, a well known member of the Philadelphia bar and president of the Tradesmen's Trust company of that city, which went into the hands of a receiver about two months ago, shot and killed himself in his law office. Judge Bartlett Tripp, former United States minister to Austria-Hungary, is dead at Yankton, S. D.
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Sheriff's Office, Harrisburg, Pa., August 27, 1914. In the Court of Common Pleas of Dauphin County, Pa. - No. 219 Commonwealth Docket, 1911-Commonwealth of Pennsylvania ex rel. John C. Bell, Attorney General, vs. Tradesmen's Trust Company - In the Matter of the Fourth Account of Percy M. Chandler, Receiver. THE Auditors appointed by the Court to audit, settle and adjust the Fourth Account of Percy M. Chandler, Receiver of the Tradesmen's Trust Company, and to make distribution of the balance in the hands of the Accountant, will meet the parties interested for the purposes of their appointment on Monday, September 28, 1914, at 11 o'clock A. M., at No. 2128 Land Title Building in the city of Philadelphia, when and where all parties interested are required to make and prove their claims or be debarred from coming in upon said fund. EUGENE SNYDER, HENRY S. BORNEMAN, Auditors. September 8, 1914.
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M. B. COWDEN, City Engineer. I In the Court of Common Pleas of Dauphin County, Pa. - No. 219 Commonwealth Docket, 1911-Commonwealth of Pennsylvania ex rel. John C. Bell, Attorney General, vs. Tradesmen's Trust Company - In the Matter of the Fourth Account of Percy M. Chandler, Receiver. THE Auditors appointed by the Court to audit, settle and adjust the Fourth Account of Percy M. Chandler, Receiver of the Tradesmen's Trust Company, and to make distribution of the balance in the hands of the Accountant. will meet the parties interested for the purposes of their appointment on Monday, September 28, 1914, at 11 o'clock A. M., at No. 2128 Land Title Building in the city of Philadelphia, when and where all parties interested are required to make and prove their claims or be debarred from coming in upon said fund. EUGENE SNYDER, HENRY S. BORNEMAN, Auditors. September 8. 1914.
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COURTHOUSE NOTES Appoint Viewers. - Viewers were appointed to-day by the Dauphin county court to assess benefits and damages incident to the opening of Reel street from Mahantongo to Division street with instructions to report at. September quarter sessions. The viewers, named to-day at the suggestion of City Solicitory D. S. Seitz, ar Earl E. Graeff, Henry Fahnestock and Paul G. Smith. Wants $100 Retained. - Suit in equity was begun to-day by Margiana Hauck against the Farmers' bank of Middletown to restrain Adam Hauck, her husband. from attempting to draw upon his bank account of $100 until he makes some effort to support her. She has sued the husband for desertion. Civic Club Chartered. - The charter for the Civic Club of Steelton, petitioned for several months ago, was granted to-day by Additional Law Judge McCarrell. Won't Review, Audit.-In an opinion handed down yesterday Additional Law Judge S. J. M. McCarrell declined to reopen and review the report of Eugene Snyder, this city, and Henry S. Bornaman, Philadelphia, audiors who examined the accounts of Percy M. Chandler, receiver for the Tradesmen's Trust Company. Philadelphia. Trustees of a fund which had been included in the receiver's examination objected to the portion of the report relating to this fund and petitioned for a reopening of the matter. Judge McCarrell pointed out that the report had already been accepted and that the court below had been sustained by the Supreme Court. Name Registrars Tomorrow.-All the precinct election registrars in the city will be appoinetd o-morrow by the county commissioners following a final examination of applicants as to reading and writing qualifications, etc. Eighteen were examined yesterday. Special Auditor Paid.-Attorney William B. Boyd, special auditor who examined and reported upon the accounts of the prothonotary, recorder and registrar of wills, yesterday was paid $100 on accounts by the county commissioners.
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In the Court of Common Pleas of Dauphin County, Pa. - No. 219 Commonwealth Docket, 1911 - Commonwealth of Pennsylvania Ex Rel. John C. Bell, Attorney General, vs. Tradesmen's Trust Company. In the Matter of the Fifth and final Account of Percy M. Chandler, Receiver. THE Auditors appointed by the Court to audit, settle and adjust the Fifth and Final Account of Percy M. Chandler, Receiver of the Tradesmen's Trust Company, and to make distribution of the balance in the hands of the Accountant, will meet the parties interested for the purpose of their appointment on Monday, July 9, 1917, at 11 o'clock A. M., at No. 1730 Land Title Building in the city of Philadelphia, when and where all parties interested are required to make and prove their claims or be debarred from coming in upon said fund. EUGENE SNYDER, HENRY S. BORNEMAN, Auditors. June 22, 1917.
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Receivers File Final Account Receivers for the defunct Tradesmens Trust Company, of Philadelphia, today filed their final accounting in the Dauphin County Court at Harrisburg, showing on hand receipts amounting in all to $42.159. This is equal to 4 per cent for the creditors. The receivers are Henry S. Borneman, Philadelphia, and Eugene Snyder, Harrisburg.