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BOSTON NATIONAL BANK IS FORCED TO SUSPEND. Washington, D. C., Nov. 27.-The comptroller of the currency today received a telegram to the effect, that by the order of its directors, the Amèrican National Bank of Boston, has closed its doors. It is said that the bank has not been in good condition for some time. The bank had a capital of $200,000 and individual deposit of $256,881.
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Boston National Bank Closed. WASHINGTON, D. C., Nov. 27.|The American National bank of Boston has been closed by order of the directors after fruitless attempts at liquidation by another bank. A receiver has been appointed. The capital was $200,000.
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ANOTHER BANK GOES UNDER Unable to Meet Obligations and Doors Closed. Effort Made to Get Help From Another Institution Fails of Purpose and a Receiver is Appointed. Boston, Nov. 27-The American National bank which is capitalized at $200,000. closed its doors today after persistent efforts to liquidate its demands through another bank. A receiver has been appointed, but at noon no statement of the financial difficulties bad been given out
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BOSTON BANK CLOSED BY THE DIRECTORS After Fruitless Efforts to Have Bank Liquidated by Another Corporation-Examiner W. E. Neal Is Receiver. Washington, D. C., Nov. 27.-The American National Bank of Boston has been closed by order of the directors, after fruitless efforts to have the bank liquidated by another corporation. Examiner W. E. Neal has been appointed receiver.
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Another National Bank Closed. Boston, Nov. 27.-The American Na. tional Bank failed to open today. A national bank examiner was appoint. ed receiver. Individual deposits are a quarter of a million, United States deposits $45,000. It is understood the bank was heavily interested in transactions of Burnett, Cummings & Co, railway promoters, who failed last spring.
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Bank Receiver Appointed. Washington, Nov. 27.-The comptroller of the currency has appointed W. E. Neal, national bank examiner, as receiver for the American National Bank of Boston, which was closed Saturday by its directors. This bank was established in 1901.
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Boston Bank Closed. By Publishers' Press. Washington, Nov. 27.-The American National Bank of Boston, Mass., has been ordered closed by the directors, after fruitless efforts to have the bank liquidated by another banking corporaton. National Bank Examiner W. E Neal has been appointed receiver.
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BOSTON BANK IS CLOSED (Scripps News Association.) WASHINGTON, D. C., Nov. 27.The American National bank of Boston was closed by order of the directors after fruitless attempts at liquidation by another bank. A receiver was appointed. Its capital is $200,000.
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BOSTON BANK CLOSES. American National Has Been Shaky for Some Time. 788 Washington, Nov. 27.-The comptroller of the currency today received a telegram to the effect that by order of its directors the American National bank of Boston has closed its doors. It is said that the bank has not been in good condition for some time and efforts have been made to liquidate the bank, but apparently without success. It is not expected that any of the creditors of the bank will lose anything by the failure. National Bank Examiner W. E. Neal has been appointed receiver. The following is a statement of the resources and liabilities of the bank at the close of business November 9, 1905, the date of the last report made to the comptroller: RESOURCES. and $386 054
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Liabilities: Capital stock $200,000. Surplus and undivided-profits $24,548. Circulating notes $200,000. Due to Banks and Bankers $8,373. Individual deposits, $256,881. United States deposits $45,000. Bills payable $20,000. Total $754,802. STATEMENT IS ISSUED. David C. Montague Tells Why the Institution Was Closed. Boston, Nov. 27.-The American National bank. which failed to open for business today, is not one of the larger financial institutions of the city, its capital being $200,000. It was not a member of the Boston clearing house The bank was incorporated in 1900. The officers are: President, H. G. Patterson: Vice-President, J. Middleby, Jr.: Cashier, H. A. Libby. It is understood the bank was heavily Interested in transactions of Burnett, Cummins & Co.,, railway promoters who failed last spring. The following statement with reference to the closing of the bank was made today by David P. Montague, director and counsel for the bank: "The directors were dissatisfied with the executive management of the bank, which practically controlled It and he deemed it unwise further to continue business. Arrangements were practically completed for the liquidation of the bank but, at the last moment the negotiations fell through and on Saturday evening the directors voted to apply for a receiver and so notified the comptroller of the currency and the bank examiners took charge of the bank at 9 o'clock. Deposits were being withdrawn. the reserve was exhausted and there was nothing to do but close. It is expected that the depositors will be paid In full and that there will be a substantial dividend for the stockholders.
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BOSTON BANK CLOSED American National Suspends Business by Order of Its Directors By Associated Press. WASHINGTON, Nov. 27.-The comptroller of the currency today received a telegram to the effect that by order of its directors the American National bank of Boston has closed its doors. It is said that the bank has not been in good condition for some time and efforts have been made to liquidate but apparently without success. It is not expected that any of the creditors will lose anything by the failure. National Bank Examiner W. E. Neal was appointed receiver. The following is a statement of the resources and liabilities of the bank at the close of business, November 9, 1905, the date of the last report made to the comptroller: Resources-Loans and discounts $386,054, United States bonds $270,000, due from banks and bankers $56,034, checks and other cash items $32,714, redemption fund $10,000. Total $754,803. Liabilities-Capital stock $200,00c. surplus and undivided profits $24,548, circulating notes $200,000. due to banks and bankers $8,373, individual deposits $256,881, United States deposits $45,000, bills payable $20,000. Total $754,803.
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AFTERNOON REPORT. NEW YORK, November 27.-President McCurdy, of the Mutual Life Insurance Company, and his relatives have resigned their offices. BOSTON, November 27.-The National American Bank has suspended. VIENNA, November 27.-It is reported that Turkey has yielded to the fleet of the Powers. WASHINGTON, D. C., November 27.-The President has removed Assistant Treasurer Lieb of Philadelphia for violation of the civil service rules. SEBASTOPOL, November 27.-The Brest regiment has returned to allegiance to the government and reinforcements have arrived. The British Consul is chartering a vessel to remove the British subjects. ST. PETERSBURG, November 27.-A band of rowdies assaulted and injured Second Secretary Bliss of the American Embassy. The assault has no political significance.
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BUSION BANK SUSPENDS. American National Closes Its Doors by Order of Directors. Washington, Nov. 21.-The comptroller of the currency has received a telegram to the effect that by order of its directors the American National bank of Boston has closed its doors. It is said that the bank has not been in good condition for some time and efforts have been made to liquidate the bank, but apparently without success. It is not expected that any of the creditors of the bank will lose anything by the failure. The bank has deposits of nearly 200.000.
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BOSTON BANK SUSPENDS. American National Closes Its Doors by Order of Directors. Washington, Nov. 28.-The comp troller of the currency has received a telegram to the effect that by order of its directors the American National bank of Boston has closed its doors It is said that the bank has not been in good condition for some time and efforts have been made to liquidate the bank, but apparently without success. It is not expected that any of the creditors of the bank will lose any. thing by the failure. The bank has deposits of nearly $500,000.
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THE American National Bank of Boston has suspended.
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BOSTON BANK BUSTED. Boston. Mass., Nov. 27.-The American National bank of this city, with a capital of two hundred thousand dollars, closed its doors today, after fruitless efforts to liquidate through the aid of another bank. A receiver has been appointed to take charge of the insolvent concern.
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Closed by Directors. Washington, Dec. 1. - The Ameri can National Bank of Boston has been closed by the directors after fruitless efforts to have the bank liquidated by another bank. A receiver has been appointed.
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A dividend of 10 per cent. to depositors of the American National Bank of Boston, which failed about two years ago, was announced Thursday by William E. Neal, receiver for the bank, the distribution being authorized by the comptroller of the currency. Two previous dividends of 50 and 25 per cent. respectively have been paid. The present dividend will amount to about $17,000, making a total alstribution of about $300,000.
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DIVIDEND BY BANK RECEIVER. Boston, May 21.-A dividend of ten per cent. to depositors of the American National Bank of Boston, which failed about two years ago, was announced to-day by William E. Neal, receiver of the bank, the distribution being authorized by the comptroller of the currency. Two previous dividends of fifty and twenty-five per cent. respectively have been paid.