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Two Banks Suspend. A dispatch from Oswego, N. Y., last night says: The Farmers' Exchange Bank at Cleveland, N. Y., and the Parish Exchange Bank at Parish, Oswego county, both operated by Potter & Marsden, have suspended business. The Farmers' Bank was established in 1882, and capitalized at $10,000. According to a recent statement It owed depositors $31,000. The Parish Bank was established in 1892. It is not believed that 1t did a large business.
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Two Banks Close Doors. OSWEGO, N. Y., March 3. - The Farmers' Exchange bank at Cleveland, N. Y., and the Parish Exchange bank at Parish, Oswego county, both operated by Potter & Marsden, have suspended business. The Farmers' Exchange bank was established in 1882 and capitalized at $10,000. According to a recent statement, it owed depositors $31,000. The Parish bank was established in 1892. The failure of the banks was more serious than was at first supposed. Besides several thonsand Collars reported missing it is charged that Niles, the cashier of the Parish bank, who is said to have disappeared, cashed many checks in Syracuse.
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TWO NEW YORK BANKS FORCED TO CLOSE DOORS Oswego, N. Y., March 3.-The Farmers' Exchange bank at Cleveland, N. Y., and the Parish Exchange bank at Parish, Oswego county. both operated by Potter & Marsden, have suspended business.
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SMALL BANKS FAIL. Defalcation Causes Collapse of Cleveland, N. Y., Institution. OSWEGO, N. Y., March 2.-The Farmers' Exchange Bank at Cleveland, N. Y., and the Parish Exchange Bank at Parish, Oswego county, both operated by Potter & Marsden, have suspended business. The Farmers' Bank was capitalized at $10,000. According to a recent statement is owed depositors $31,000. It is reported here that the embarrassment of the two banks was caused by a defalcation. The man responsible is said to have fled. The liabilities of the Parish bank are estimated at $25,000, and its assets at $5,000. Besides several thousand dollars reported missing, it is charged that Niles, the cashier of the Parish Bank, who is said to have disappeared, cashed many checks in Syracuse. The Cleveland Bank had $30,000 on deposit and the Parish Bank $11,000. The latter had lent $8,000. Many farmers are losers and $3,300 town money was on deposit in the Parish Bank.
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TWO BANKS CLOSE DOORS. Many Farmers Lose Because of Alleged Defalcation. Oswego, N. Y., March 2-The Farmers' Exchange Bank at Cleveland, N. Y., and the Parish Exchange Bank at Parish, Oswego County. both operated by Potter & Marsden, have suspended business. The Farmers' Exchange Bank was established in 1882, and capitalized at $10,000. According to a recent statement, it owed depositors $31,000. The Parish Bank was established in 1892. It is not believed that it did a large business. It is reported here that the embarrassment of the two banks was caused by a defalcation. The man responsible is said to have fled. The liabilities of the Farish bank are estimated at $25,000 and its assets at $5,000. Investigation showed that the failure of the banks was more serious than was at first supposed. Besides several thousand dollars missing, it is charged that Niles, the cashier of the Parish bank, who is sald to have disappeared, cashed many checks in Syracuse. The Cleveland bank had $30,000 on deposit and the Parish bank $11,000. The latter had lent $8,000. Many farmers are losers, and $3,300 town money was on deposit In the Parish bank.
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Two Banks Close Doors. OSWEGO, N. Y., March 3. - The Farmers' Exchange bank at Cleveland, N. Y., and the Parish Exchange bank at Parish, Oswego county, both operated by Potter & Marsden. have suspended business. The Farmers' Exchange bank was established in 1882 and capitalized at $10,000. According to a recent statement, it owed depositors $31,000. The Parish bank was established in 1892. The failure of the banks was more serious than was at first supposed. Besides several thousand dollars reported missing it is charged that Niles, the cashier of the Parish bank. who is said to have disappeared, cashed many checks in Syracuse.
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Two Banks Suspend. Oswego, N. Y., March 3.-The Farmers' Exchange bank, at Cleveland, N. Y., and the Parish Exchange bank, at Parish, Oswego county, both operated by Potter & Marsden, have suspended business. The Farmers' bank was established in 1882, and capitalized at $10,000. According to a recent statement it owed depositors $31,000. The Parish bank was established in 1892. It is not believed that it did a large business.
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Two Banks Suspend Business. Oswego, N. Y., March 3.-The Farmers' Exchange bank at Cleveland, N. Y., and the Parish Exchange bank at Parish, Oswego county, both operated by Potter & Marsden, have suspended business. Many farmers are losers.
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Two Banks Suspend. Oswego, N. Y., March 3-The Farmers' Exchange bank, at Cleveland, N. Y., and the Parish Exchange bank, at Parish, Oswego county, both operated by Potter & Marsden, have suspended business. The Farmers' bank was established in 1882, and capitalized at $10,000. According to a recent statement it owed depositors $31,000. The Parish bank was established in 1892. It is not believed-that it did a large business.
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Two Banks Suspend. Oswego, N. Y., March 3.-The Farmers' Exchange bank, at Cleveland, N.Y., and the Parish Exchange bank, at Parish, Oswego county, both operated by Potter & Marsden, have suspended business. The Farmers' bank was established in 1882, and capitalized at $10,000. According to a recent statement it owed depositors $31,000. The Parish bank was established in 1892. It is not believed that it did a large business.