494301256 49430
national
8443b7de2cc35e34None
Click image to open full size in new tab
By Order Comptroller Of Currency ACTION WAS TAKEN TODAY National Bank Examiner, F. L. Fish, Has Been Appointed Receiver For Institution. Washington, Aug. 19.-The People's National Bank of Swanton, Vermont, today closed its doors by order of the comptroller of the currency, National Bank Examiner Frank L. Fish has been appointed receiver.
Click image to open full size in new tab
NATIONAL BANK AT SWANTON CLOSED BY COMPTROLLER. Washington, Aug. 19.-The People's National Bank at Swanton, Vt., was closed today by order of the comptroller of the currency, National Bank Examiner Frank L. Fish has been appointed receiver. St. Albans, Vt., Aug. 19.-The People's National Bank of Swantori, a small town, ten miles north of this city, and near the Canadian border, did not open for business today, its finances having been found to be in an unsafe condition. National Bank Examiner Frank L. Fish of Vergennes, who has been named as temporary receiver of the institution, was in charge of its affairs this forenoon, but up to noon he had not made any statement except to say that the bank has been closed by order of the Washington authorities.
Click image to open full size in new tab
National Bank Closed. Washington, Aug. 19.-The People's National bank at Swanton, Vt., was closed today by order of the comptroller of the currency. National Bank Examiner Frank L. Fisk has been appointed receiver.
Click image to open full size in new tab
SWANTON (VT.) BANK CLOSED. Swanton, Vt., Aug. 19.-The - People's National Bank, the only bank in the town, was closed today by order of the Controller of the Currency. Frank L. Fish, national bank examiner, was in charge as temporary receiver. The bank is a small one, the capital being $50,000. It was patronized by the country people in this part of the State. C. H. Sanborn was cashier. The cause of the suspension was the inability of the bank officials to collect a number of notes which were due. Business men think the creditors will be paid in full, and the bank may possibly be reopened.
Click image to open full size in new tab
BRIEF BITS OF NEWS. William O'Brien has been re-elected member of parliament for Cork city, unopposed. The harvest in the government of Samara, in the west of European Russia, is the best of many years. The archbishop of Canterbury, Dr. Davidson, has sailed from Liverpool on a visit to the United States. The People's National bank at Swanton, Vt., has been closed by order of the comptroller of the currency. The supreme lodge, Knights of Pythias, has voted to hold the next biennial encampment at New Orleans. Victor Rice, of the University of Chicago, Western college champion sprinter, has broken down and will probably never run again. At the convention of the National Sons of Veterans at Boston William E. Dustin of Dwight, Ill., was elected commander-in-chief by acclamation. James E. Turrill, who recently resigned as treasurer of the Union Tank lines of the Standard Oil company, is dead at his home in Plainfield, N. J. Michael Callahan and John Markham of Van Horne, Ia., were killed by a Chicago and Northwestern freight train at a grade crossing near Blairstown, that state. Prince Henry of Prussia, who is going to St. Petersburg to represent Emperor William at the christening of the heir to the Russian throne, has gone to Wilhelmshohe castle to receive instructions from the emperor.
Click image to open full size in new tab
BANK CLOSED AT SWANTON Could Not Collect Notes On Which It Had Loaned. Swanton, Aug .-The Peoples Nationl Bank closed its doors this morning. A notice on the door says "Closed pending an examination by the commissioners." The books of the bank are being examined by Bank Examiner Frank L. Fish of Vergennes and by Robert Lyon of the office of the comptroller of currency at Washington. Mr Fish has been appointed as temporary receiver. He would make no statement today except to say that the bank had been closed by order of the Washington authorities. The bank did not open today, the finances having been found to be in an unsafe condition. The suspension came as a great surprise to the general public which had not suspected any trouble. It is declared on good authority that the suspension is due to inability to collect certain notes, that the assets of the bank largely exceed the deposits and that it is probable that the depositors will be paid in full. It is understood that measures have been taken during the past few months to strengthen the resources of the bank.
Click image to open full size in new tab
VERMONT BANK BROKE. Washington, Aug. 19.-The People's National bank at Swanton, Vt., was closed today by order of the comptroller of the currency. National Bank Examiner Frank L. Fisk has been appointed receiver.
Click image to open full size in new tab
# ABOUT THE STATE. Items of Interest Gleaned From Our Exchanges. Nothing new has developed in regard to the suspension of the Peoples National Bank of Swanton. The examiners are at work on the books but no statement has been issued. Confidence appears to be gaining that the bank will pay in full, it being only a matter of time when the affairs will be in shape so that a dividend can be declared. J. E. Morrison of Rutland has been sent for to assist the present examiners, F. L. Fish and Robert Lyon. It is announced that Senator Fairbanks, the Republican candidate for vice president, would speak at White River Juction, August 29. It was at first planned to have the senator speak at Rutlaud, but the matter being left to him, he expressed a desire to speak in Windsor county, his father having lived at Barnard, in that county, and White River Junction was the most suitable place in the county for a great political rally. Attorney-general William H. Moody, of Massacusetts, will address a great meeting at Rutland, the date of which has not been fixed. Great prepararions are being made for Labor day, which is to be observed by the Morrisville branch of the Granite Cutters' Union at that place September 5. It is expected that between 300 and 400 stone cutters from Hardwick and Woodbury will be present to take part in the sports. A grand parade will start at the railroad station promptly at 9.30 in the morning and make a circuit of the principal streets ending on the fair grounds. A feature of the day will be a ball game between Hardwick stone cutters and Morrisville, for a purse of $500. Two horse races, a 2.30 and a 2 50 class, will also be attractions.
Click image to open full size in new tab
National Bank Closed. Washington, Aug. 20.-The People's national bank at Swanton, Vt., was closed Friday by order of the comptroller of the currency. National Bank ExamIner Frank L. Fisk has been appointed receiver.
Click image to open full size in new tab
Vermont Bank Closed. The People's National Bank, of Swanton, Vt., was closed and put into a receiver's hands by the Controller.
Click image to open full size in new tab
National Bank Closed. Washington, Aug. 20.-The People's national bank at Swanton, Vt., was closed Friday by order of the comptroller of the currency. National Bank ExamIner Frank L. Fisk has been appointed receiver.
Click image to open full size in new tab
Bank Closed By Order. Washington, Aug. 20.-The People's national bank at Swanton, Vt., has been closed by order of the comptroller of the currency. National Bank. Examiner Frank L. Fisk has been appointed receiver.
Click image to open full size in new tab
The Peoples' National Bank of Swanton closed its doors Friday, pending an examination by the commissioners. The books of the bank are being examined by Bank Examiner Frank L. Fish of Vergennes and by Robert Lyon of the office of the comptroller of currency at Washington. Mr. Fish has been appointed as temporary receiver. The suspension came as a great surprise to the general public which had not suspected any trouble. It is declared on good authority that the suspension is due to inability to collect certain notes, that the assets of the bank largely exceed the deposits, and that it is probable that the depositors will be paid in full. The bank has a capital stock of $50,000. surplus of $493, circulation $50,000, deposits $142,886. It has loans and discounts of $106,421, U. S. bonds $59,000, and total resources of $258,379.
Click image to open full size in new tab
Bank Closed By Order. Washington, Aug. 20.-The People's national bank at Swanton, Vt., has been closed by order of the comptroller of the currency. National Bank Examiner Frank L. Fisk has been appointed receiver.
Click image to open full size in new tab
Bank Closed By Order. Washington, Aug. 20.--The People's national bank at Swanton, Vt., has been closed by order of the comptrol ler of the currency. National Bank Examiner Frank L. Fisk has been ap pointed receiver.
Click image to open full size in new tab
Vermont Bank Closed. The People's National Bank, the only banking institution in Swanton, did not open for business August 19. A note on the door gave the information that the institution was closed by order of the Controller of the Currency. National Bank Examiner Frank L. Fish was in charge as temporary receiver. Mr. Fish said that he could not make any statement concerning the affairs of the institution until after an examination. The bank is a small one, the capital being $50,000. The People's Bank did not do a large business. It was patronized mainly by the country people in that section of the state. C. H. Sanborn was cashier. The failure is regarded as being unimportant. Examiner Fish had been in Swanton two or three days making a thorough investigation of the books and at its conclusion he decided that the list of the assets was so unsatisfactory that the doors of the concern should be closed. The Controller of the Currency was notified by telegraph of the situation and Mr. Fish was named as temporary receiver. He is considered one of the leading national bank experts in New England. The specific cause of the suspension was the inability of the bank officials to collect a number of notes which were due and which were held as collateral by the institution. Business men are of the opinion that the creditors will be paid in full and that possibly the bank may be reopened. The following is a statement of the resources and liabilities of the bank, as shown by its last report of condition to the Controller of the Currency, dated June 9, 1904: Resources--loans and discounts, $106,421; overdrafts, $4,382;
Click image to open full size in new tab
The People's National bank, the only bank in Swanton, was closed Friday by order 0 fthe controller of the currency. Frank L. Fish, national bank examiner, is in charge as temporary receiver. The bank is a small one, the capital being $50,000. C. H. Sanborn was cashier. The cause of the suspension was the inability of the bank officials to collect a number of notes which were due. Business men think the creditors will be paid in full, and the bank may possibly be reopened.
Click image to open full size in new tab
The democratic state committee issued Saturday, Aug. 20, from their headquarters in Burlington a partial list of speakers who would open the democratic campaign this week. The most prominent is W. Bourke Cockran, who spoke in Montpelier, Rutland and Burlington during the week; Edward M. Shepard of Boston, who spoke at St. Albans Wednesday evening, Aug. 24; Charles S. Hamlin of Boston, who spoke at St. Johnsbury and Hardwick and will speak at Richford to-night, Aug. 26, and Benjamin F. Shively of Indiana, who spoke at Brattleboro, Bellows Falls and White River Junetion Monday, Tuesday and Wednesday evenings, Aug. 22, 23 and 24. The People's National bank, capital $50,000, the only banking institution in Swanton, was closed Friday, Aug. 19, by order of the comptroller of the currency. National Bank Examiner Frank L. Fish has been making a thorough examination of the books, and found the list of assets unsatisfactory. He has been named as temporary receiver. The specific cause of the suspension was the inability of the bank officials to collect on a number of notes which were due, and which were held as collateral by the institution. Business men are of the opinion that the creditors will be paid in full and that possibly the bank may be reopened. The bank did not do an extensive business. It was patronized largely by country people. The last report showed deposits of $142,000. Many farmers in the section still hold their July milk checks and J. E. Boynton of Norwood, N. Y., met all the patrons Saturday, Aug. 20, and paid off all those who held checks on the Swanton bank and straightened up affairs as far as he vas interested.
Click image to open full size in new tab
Bank Closed By Order. Washington, Aug. 20.-The People's national bank at Swanton, Vt., has been closed by order of the comptrol~ ler of the currency. National Bank Examiner Frank L. Fisk has been appointed receiver.
Click image to open full size in new tab
Closes National Bank. Washington dispatch: The People's National bank at Swanton, Vt., has been closed by order of the comptroller of the currency. Frank L. Fisk, national bank examiner, has been appointed receiver.