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Memphis Savings Bank Fails MEMPHIS, Dec. 24.-The Memphis Savings bank failed to open today. A receiver has been appointed. No statement has been made. The bank is one of the oldest institutions in the city. President Read of the Memphis clearing house association said he felt certain the depositors would be paid in full. Later a statement was issued by the directors that the bank is solvent and the creditors will not lose a cent.
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SAVINGS BANK FAILS TO OPEN Memphis, Tenn., Dec. 24.-The Memphis Savings Tank failed to open its doors this morning. Assistant Cashier McHenry of the bank has been appointed receiver. He says all depositors will be paid in full. Stockholders he claims will receive forty per cent.
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MEMPHIS, Dec. 24.-The Memphis Savings bank failed to open its doors today. Its capital is $291,000 and deposits estimated at $1,250,000. Receiver E. T. McHenry states the depositors will be paid in full.
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Memphis Savings Bank Fails. Memphis, Tenn., Dec. 24.-The Memphis Savings bank failed to open its doors today. The capital stock is $294,000 and the deposits are estimated at ($1,250,000. Receiver E. T. McHenry states that the deposits will be paid in full.
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BANK DOORS CLOSED. No Statement Issued, Only That The Institution Is In Hands of Receiver. Memphis, Tenn., Dec 24.-The Memphis Savings bank failed to open its doors this morning. A notice posted on the door said that the bank had been placed in the hands of a receiver and E. B. McHenry had been appointed receiver. No statement has been issued.
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Savings Bank Closed. Memphis, Tenn., Dec. 24.-The Memphis Savings Bank failed to open its doors this morning. T. McHenry, 28sistant cashier of the bank, has been appointed receiver. The bank has a capital of $294,000. The receiver says all depositors will be paid in full. The stockholders, he claims, will receive forty per cent. The deposits are estimated at $1,250,000.
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Bank Fails to Open. MEMPHIS, Tenn., Dec. 24.Memphis Savings bank, with a capital of $264,000 and deposits estimated at $1,250,000, failed to open its doors this morning. "E. T. McHenry. the assistant cashier, who was appointed receiver, said the depositors will be paid in full.
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MEMPHIS SAVINGS BANK FAILS TO OPEN DOORS Dec. 21-The Tenn., MEMPHIS, Memphis Savings Bank falled to open its doors this morning. T. McHenry, assistant cashier of the bank, has been appointed receiver, The bank has a capital of $294,000. The receiver says all depositors will be paid in full. The stockholders, he claims, will receive 40 per cent. The deposits are estimated at $1,250,000.
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SAVINGS BANK RECEIVER. One of the Oldest Memphis Institutions Goes to Wall. Memphis, Tenn., Dec. 24.-The Memphis Savings bank failed to open its doors this morning. A notice posted on the door said that the bank had been placed in the hands of a receiver, and that E. L. McHenry had been appointed. The bank was one of the oldest institutions in the city.
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Institution Solvent. Memphis, Dec. 26.-A statement was issued by the Memphis Savings bank, which did not open Tuesday, announcing that the institution was solvent, and that the creditors would not lose a cent. The statement adds that because of the financial stringency it was deemed wise to close the bank, ask for a receiver and liquidate affairs.
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Memphis Bank Closes Doors. Memphis, Tenn., Dec. 25.-"This bank IS closed by order of the chancery court. E. L. McHenry has been appointed receiver." The above notice was posted on the doors of the Memphis Savings bank, one of the oldest institutions in the state.
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Memphis Bank in Trouble. Memphis, Tenn., Dec. 24. - The Memphis Savings bank failed to open its doors. A notice posted on the door said that the bank had been placed in the hands of a receiver and E. B. McHenry had been appointed receiver
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Memphis Savings Bank Fails. MEMPHIS, Tenn., Dec. 24. - The Memphis Savings bank failed to open its doors. A notice posted on the door said that the bank had been placed in the hands of a receiver and E. B. MeHenry had been appointed receiver. No statement has been issued.
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MacRae, president of the suspended Memphis Savings Bank, has sold the property at 121 Union avenue, occupied by the Whittemore Buggy Company to Dr. J. F. Simmons of Pine Bruff, Ark., for $48,000. The lot is 26 1-2 by 200 feet, and the building is a four-story brick, on which the buggy company retains a lease. Last year Dr. Simmons purchased property in this city on Main, near Gayoso, for $100,000. A few months ago Doctor Simmons purchased a corner on Main street here, paying $96,000 cash for it.