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Buffalo Bank Suspends. Buffalo, N. Y., Oct. 15.-At 2 o'clock this morning the directors of the Bank of Commerce, one of the leading financial institutions in this city, announced that owing to heavy withdrawals the bank was compelled to suspend business and place its affairs in the hands of the banking department for examination. Nothing can be learned as to the assets and liabilities.
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A BIG BANK BROKEN BUFFALO, N. Y., Oct. 14.-At - 2 oclock this morning the directors of the Bank of Commerce, one of the leading financial institutions in this city, announced that owing to heavy withdrawals the bank was compelled to suspend business and place their affairs in the hands of the banking department for examination. Nothing can be learned as to the assets and liabilities
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BUFFALO BANK SUSPENDS. BUFFALO. N. Y., Oct. 14.-The Bank of Commerce has suspended business pending an examination into its affairs by the banking department. The directors state that on account of large withdrawals they decided to take this step.
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Forced to Suspend. BUFFALO, N. Y., Oct. 15.-At 2 o'clock this morning the directors of the Bank of Commerce announced that owing to the heavy withdrawals the bank was compelled to suspend business and place its affairs in the hands of the banking department for examination.
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Forced to Suspend. BUFFALO, N. Y., Oct. 15.-At 2 o'clock this morning the directors of the Bank of Commerce announced that owing to the heavy withdrawals the bank was compelled to suspend business and place its affairs in the hands of the banking department for examination.
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Bank Suspension at Buffalo, Buffalo, Oct. 15-At 20'clock this mornlog the directors of the Bank of Commerce, one of the leading financial institutions in this city, announced that owing to the heavy withdrawals the bank was compelled to suspend business and plac e its affairs in the hands of the banking department for examination.
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A BUFFALO BANK GOES UNDER. FORCED TO CLOSE BY HEAVY WITHDRAWALS NO RUN ON OTHER BANKS. Buffalo, Oct. 15. - The Bank of Commerce of this city closed its doors this morning pending an examination by the Banking Department. Withdrawals from the bank have been recently quite large, and at a meeting of the Board of Directors last night it was deemed expedient to suspend and place the bank in the hands of the Banking Department. The directors, however, expect that the bank may be able to resume in a short time. The Bank of Commerce was organized of in $300,000 July, 1873, and is quoted as having a surplus and a capital of $200,000. The officers are: Prestdent. R. R. Hefford; vice-president, William H. Gardner: cashier, William P. Reed: directors, James Tillinghast, R. R. Hefford, James F. Chard, William H. Gardner, William H. H. Newman and William H. Gratwick. Cashier Reed resigned a fortnight ago, ill-health being given as the cause of his retirement. There was no run upon any of the city banks as A result of the suspension of the Bank of Commerce. At several banks visited this morning deposits were being made as usual. The presidents and cashiers united in saying that the embarrassment of the Bank of Commerce had not been felt by them at all. There was not even a suggestion to of withdrawals anywhere. They attributed this the fact that the trouble in the Bank of Commerce was due not to present business conditions. but to affairs of long standing. which have been known inside banking circles for some time. Colonel Rochester, cashier of the Third National Bank, and a member of the Clearing House Committee. said: "Our committee desires to state that the reports of all the banks of the city to the Clearing House last Friday showed them to be in an exceptionally strong condition. None of the banks, so far as I know, and I think I can speak from accurate information, are in any way involved with the Bank of Commerce, either by loans to them or by exchange of any securities. The Bank of Commerce did not call upon the Clearing House Committee for assistance, but the directors and stockholders decided to suspend until they could ascertain exactly how they stood, as the officers and directors had no wish to make themselves criminally liable in receiving deposits when their capital was impaired."
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Big Buffalo Bauk Suspends. BUFFALO, Oct. 16.-At 2.a. m. the directors of the Bank of Commerce, one of the leading financial institutions of the city, announced that, owing to the heavy withdrawals, the bank was compelled to suspend business and place their affairs in the hands of the banking department for examination. Nothing can be learned as to the assets and liabilities.
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Buffalo Bank Suspends. BUFFALO, N. Y., Oct. 15.-The Bank of Commerce has suspended business, pending an examination into its affairs by the banking department. The directors state that on account of large withdrawals they decided to take this step.
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Big Buffalo Bank Suspends. BUFFALO, Oct. 15.-At 2 a. m. the directors of the Bank of Commerce, one of the leading financial institutions of the city, announced that, owing to the heavy withdrawals, the bank was compelled to suspend business and place their affairs in the hands of the banking department for examination. Nothing can be learned as to the assets and liabilities.
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Certain to Be a Receiver. Buffalo, N. Y., Nov. 23.-That the Bank of Commerce will go into the hands of a receiver now seems inevitable. All attempts at reorganization have proved fruitless. Other bankers are not inclined to assist, and stockholders of the suspended bank cannot agree now among themselves any more than they could before its affairs reached such a shape as to compel suspension.
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Bank Will Suspend, BUFFALO, N. Y., Nov. 23.-That the Bank of Commerce will go into the hands of a receiver now seems inevitable. All attempts at reorganization have proved fruitless. Other bankers are not inclined to assist, and stockholders of the suspended bank cannot agree among themselves, any more than they could before its affairs reached such a shape as to compel suspension.
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Unable to Reorganize. Buffalo, N. Y., Nov. 25.-That the Bank of Commerce will go into the hands of a receiver now seems inevitable. All attempts at reorganization have proved fruitless.
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Unable to Reorganize. Buffalo. N. Y., Nov. 25.-That the Bank of Commerce will go into the hands of a receiver now seems inevitable. All attempts at reorganization have proved fruitless.
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Receivers for Buffalo Bank. Buffalo, N. Y., Dec. 3.-Justice Childs has appointed Henry H. Persons of East Aurora and John R. Hazel as rereivers for the defunct Bank of Commerce. A bond of $100,000 will be reguired from the receivers.
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Henry H Pearsons and John R. Hazlas are arpointed receivers for the Buffalo, N. Y., Bank of Commerce.
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Book-Keeper Under Arrest. BUFFALO, N. Y., December 23.Edwin J. Smith, individual book-keeper of the Bank of Commerce, was arrested on complaint of the receivers of the bank, charging him with falsifying the books, and thus effecting a practical embezzlement of between $2,500 and $3,000. Smith confessed.
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BANK BOOKKEEPER IN JAIL. He Is Accused of Embezzlement and Falsifying the Books. Buffalo, N. Y., Dec. 23.-Edwin J. Smith, individual bookeeper of the Bank of Commerce, has been arrested on complaint of the receivers of the bank, charged with falsifying the books, and effecting practical embezzlement of between $2,500 and $3,000. Smith has confessed.
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A Bank Bookkeeper Arrested. Buffalo, N. Y., December 23.-Edwin J. Smith, individual book-keeper of the Bank of Commerce, was arrested on complaint of the receivers of the bank, who charged him with falsifying the books, effecting a practical embezzlement of between $2,500 and $3,000 Smith confessed.
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# Tyrrell Land Suit Again. The Tyrrell land suit was argued once more yesterday before Judge Purnell. This is a suit brought by the receivers of the Bank of Commerce of Buffalo, N. Y., against C. G. Beling, F. F. Brown, F. W. Wirgman and Andrew Brown. It involves the title to about 70,000 acres of timber land in Tyrrell countny. The attorneys are, for the plaintiff: Judge James E. Shepherd, Mr. W. D. Pruden, of Edenton, and Mr. Norris Morey, of Buffalo; for the defendants, Mr. F. H. Busbee and Mr. E. F. Aydlett, of Elizabeth City.