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SHORT ON SECURITIES TACOMA, Nov. 20. - Receiver Phelps of the Metropolitan bank today filed bonds of $10,000 and took possession. He will Issue a statement in a few days. In prime securities the bank has but $65,000 to cover $500,000 in deposits.
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TACOMA BANK FAILS. Tacoma, Nov. 19.-The Metropolitan bank failed today as a result of a run which started over a misunderstanding with regard to a suit filed against a defunct bank of similar name. The deposits amount to $500,000. Dwight Phelps has been appointed receiver.
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Bank Failure Caused by Mistake. Tacoma, Wash., Nov. 19.-The Metropolitan bank, P. V. Caesar president, closed its doors to-day after experiencing a run all day yesterday. The run began as the result of a misunderstanding, the small depositors believing that a suit filed on Friday against the receiver of the Metropolitan Savings bank, which failed five days ago, had something to do with the present Metropolitan bank. About $40,000 was withdrawn yesterday, and to-day the bank applied for a receiver.
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Queer Error Closes Bank. Tacoma, Wash., Nov. 20.-The Metropolitan bank of this city failed to open for business yesterday after withstanding a run of two days, caused by a misaprehension concerning a suit filed Saturday asking a receiver for the Metropolian Savings bank, which went into liquidation in 1898. The similarity of name caused many depositors to suspect that the case involved the Metro politan bank. The institution has a capital of $50,000. and assets of nearly half a million. The liquidation of the Metropolitan Savings bank was caused by the withdrawal by George Vanderbilt of his Investments in this city. He was largely interested in the bank.
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TACOMA BANK CLOSED. Said to Be Due to a Misunderstand. ing-Depositors to Be Paid in Full. Tacoma, Wash., Nov. 19.-The Metropolitan bank closed its doors today, after standing against a run all day yesterday. The run began as the result of a misunderstanding, the small depositors believing that a suit filed Friday against the receiver of the Metropolitan Savings bank, which failed five years ago, had something to do with the present Metropolitan bank. About $30,000 was withdrawn yesterday, and today the bank applied for a receiver. The Metropolitan's total deposits are about $500,000. The failure is due entirely to a misunderstanding. President Cesar says he is negotiating with
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depress values in the New York stock market Monday were at work again. The Metropolitar bank, Tacoma. Wash., was forced to suspend on account of a run.
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DEPOSITORS STAMPEDED. Tacoma, Wash., Nov. 20.-The Metropolitan bank was closed today as the result of a run which started over a misunderstanding with regard to a suit filed against a defunct bank by a similar name. The deposits amount to $500,000.
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Misunderstanding Causes Failure. Tacoma, Wash., Nov. 20.-The Metropolitan bank, P. V. Cresar president, closed its doors after experiencing an all day run. The run began as the result of a misunderstanding, the small depositors believing that a suit filed Friday against the receiver of the Metropolitan Savings bank, which failed five days ago, had something to do with the present Metropolitan bank. About $40,000 was withdrawn, and the bank applied for a receiver. Dwight Phelps was appointed, with a bond of $10,000.
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THE Metropolitan Bank, of Tacoma, has gone " where the woodbine twineth," and Dwight Phillips is in charge as Receiver.
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Tacoma despositors mixed up the names of the Metropolitan Bank and the Old Metropolitan Savings Institution there recently and called for their money, causing a run, but demands were met without trouble.
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QUEER ERROR CLOSES A BANK. Suit Against Defunct Institution on Similar Name Causes Run. The Metropolitan Bank of Tacoma, Wash., failed to open for business the other day, after withstanding a run of two days, caused by a misapprehension concerning a suit filed asking a receiver for the Metropolitan Savings Bank, which went into liquidation in 1898. The similarity of name caused many depositors to suspect that the case involved the Metropolitan Bank. The institution has capital of $50,000, and assets of nearly half a million. The liquidation of the Metropolitan Savings Bank was caused by the withdrawal by George Vanderbilt of his investments in that city. He was largely interested in the bank.
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DEPOSITORS HARD HIT Defunct Bank Held $378,000 In Savings TACOMA, Nov. 25.-Receiver Phelps of the Metropolitan Bank has Issued a statement showing that the deposits in the savings department alone amounted to $278,000. A statement of the other assets has not been completed.
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Tacoma Bank Goes Under. The Metropolitan bank, of Tacoma, Wash., closed its doors Tuesday, after a run, small depositors believing that a suit against the receiver of the Metropolitan Savings bank had something to do with the Metropolitan bank. The deposits were about $500,000.
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The Metropolitan bank of Tacoma, Wash., failed, on the 19th, as a result of a run which started under a misunderstanding with regard to a suit filed against a defunct bank of similar mame. The deposits amounted to $500,000. Dwight Phelps was subsequently appointed receiver.
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Mistake caused run on Metropolitan Bank of Tacoma, Wash., and caused it to fail. i
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The Metropolitan bank of Tacoma, Wash., failed, on the 19th, as a result of a run which started under a misunderstanding with regard to a suit filed against a defunct bank of similar mame. The deposits amounted to $500,000. Dwight Phelps was subsequently appointed receiver.
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Metropolitan bank of Tacoma failed, on the 19th, as a result run which started under a mis estanding with regard to a sui* against a defunct bank of sim name. The deposits amounted 10,000. Dwight Phelps was subse. ally appointed receiver.
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Joyful Christmas News. Tacoma, Wash., Dec. 21.-Eastern attorneys have authorized the statement that the 3,200 depositors of the Metropolitan bank, which went into the hands of a receiver as a result of a run on Nov. 19, will be paid in full, The money is ready.
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TACOMA.-In the superior court today the receiver of the Metropolitan bank was directed to accept the offer of Charles McNamee to take the assets and property of the bank and pay the depositors and creditors in full.