10001271599 1000127
routing
10-00129e11fd9952943db7None
Click image to open full size in new tab
BANK RUN STOPPED (Scripps News Association.) BUFFALO, N. Y., Dec. 2.-The run on the German-American bank, which started yesterday by rumors of the bank's unreliability, was stopped today. Deposits offered by persons who withdrew their money yesterday were refused. The bank officials say they will prosecute the persons responsible for the run.
Click image to open full size in new tab
BANK RUN STOPPED. Officials Threaten to Prosecute Those Responsible for Run. Buffalo, Dec. 2.-The run on the German-American Bank, which was started yesterday by rumors that the bank was liable to fail, was stopped today. Deposits offered by persons who withdrew their money yesterday were refused. The bank officials say they will prosecute the persons responsible for the run.
Click image to open full size in new tab
Bank Weathers Blast. Buffalo, N. Y., Dec. 2.-The GermanAmerican bank upon which a run was begun yesterday opened its doors as usual. At 10 o'clock there were about 20 withdrawing depositors in line. All were paid promptly.
Click image to open full size in new tab
PAID THE DEPOSITORS. 2 e German-American Bank Opened Its Doors Promptly To-Day. Buffalo, N. Y., Dec 2-The GermanAmerican bank opened Its doors as usual at 9 o'clock to-day. At that hour tuere were a few depositors in line. At 10 o'clock there were about twenty persons in. line. All were being paid promptly. Vice-President Schelling stated that they were all small depositors. He said there was no doubt whatever of the bank's ability to with stand any run but he did not anticipate that more than a few thousand dollars would be withdrawn. He said that they had the assurance of the clearing house and of every individuel bank in Buffalo that they would support the German-American bank if necessary. President Robert Emory was seen a few minutes later and stated that the German-American bank had about $800,000 in available currency and within twenty-four hours could have $2,500,000.
Click image to open full size in new tab
GERMAN-AMERICAN BANK. One at Buffalo Opened its Doors This Morning. Buffalo, N. Y., Dec. 2.-The German American bank on which IL run was begun yesterday, opened its doors as usual at 9 o'clock this morning. At 10 o'clock there were about 20 depositore in line. They were being paid promptly. Vice Prest. Schilling shild there was no doubt whatever of the bank's ability to withstand any run, but that he did not anticipate that more than a few thousand dollars would be withdrawn. Prest. Emery states that the German-American bank had about $800,000 in available currency and within 24 hours could have 2,500,000.
Click image to open full size in new tab
RUN ON BANK (Scripps News Association.) BUFFALO, N. Y., Dec. 3.-The run on the German-American bank was renewed this morning and the bank was crowded with depositors demanding their money. A string of persons were lined up for half a block. Former Cashier Wehpner, who resigned by request of the bank officials a few days ago, gave out a statement in the morning papers in which he declared the institution had made many big loans.
Click image to open full size in new tab
BANK RUN RENEWED. Former Cashier Gives Away the Institution's Secrets. Buffalo, Dec. 3.-The run on the German-American Bank was renewed this morning, the bank being crowded with depositors demanding their money. A string of persons lined up for half a block. Former Cashier Wehpner, who resigned by request of the bank officlals a few days ago, gave out a state ment for the morning papers in which he declared the Institution haiti made too many big loans.
Click image to open full size in new tab
Bank Stood the Run. Buffalo, N. Y., Dec. 2.-The German American bank upon which a run be gan yesterday, opened its doors as usual today at 9 o'clock. At 10 there were about twenty depositors withdrawing money in the line. All were paid promptly. The president stated today that the bank had $800,000 available currency and within twenty. four hours could have $2,500,000.
Click image to open full size in new tab
RENEW RUN ON BANK (Rv Scripps News Ass'n.) BUFFALO, Dec. 3.-The run on the German-American bank was renewed this morning. The bank was crowded with depositors demanding their money. The string of persons lined up was a half block in length. Former Cashier Wehpner, who resigned by requiset of the bank officials a few days ago, gave out a statement to the morning papers in which he declared that the institution had made many big loans.
Click image to open full size in new tab
BUFFALO BANK CLOSED. Action by Kilburn-It Is Unable to Meet Run. Buffalo, Dec. 5.-The German Bank. of which President Emory of the German-American Bank was also president, was closed to-day by F. D. Kilburn, State Superintendent of Banking, who posted the following notice on the door: I have closed and taken possession of this bank because of a run which is constantly increasing and the inability of the management to procure sufficient funds to meet such run. Almost immediately a crowd of people appeared in front of the German-American Bank, and in a few minutes there was a line of men and women at the paying teller's desk. Franklin D. Locke, a well known Buffalo citizen, who is connected with the Manufacturers and Traders' Bank and the Fidelity Trust Company, mounted a. chair and assured those in line that the bank was entirely solvent, and that Loran L. Lewis had been elected to succeed President Emory. A few minutes later the following notice of action taken by the Clearing House was posted on the doors: The Buffalo Clearing House has caused a careful examination to be made of the assets, liabilities and affairs of the German-American Bank, and find it solvent in every respect. They have decided to advance it such moneys as are necessary to meet all demands upon it. The board of directors have been reorganized. Mr. Emory has resigned as president and director, and the Hon. Loran L. Lewis. ST., has been elected as president. The Hon. John G. Wyckser and Franklin D. Locke have been elected directors. S. M. CLEMENT. Chairman Clearing House Committee. This had a most reassuring effect, and in a short time the excitement had subsided.
Click image to open full size in new tab
GERMAN BANK CLOSED. State Department Official Took Action Because of Run. BUFFALO, Dec. 6. - The German bank of Buffalo was closed by State Superintendent of Banking Kilburn. This action was taken because of a run which began with the opening of the bank's doors and continued to grow in volume as the day advanced. A large crowd of excited depositors gathered in front of the German bank seeking information. Officers were placed at the door, and no one was allowed to enter. All this excitement had the inevitable result of sending nervous depositors hurrying to the German-American bank, which is located on the opposite side of Main street, a short distance to the south, and within a few minutes the counting room was thronged with men and women, and the run which began last week was-renewed. The German bank was placed in charge of George S. Leonard of the state banking department. Superintendent Kilburn is of the opinion that the German bank will not resume business.
Click image to open full size in new tab
BUFFALO BANK CLOSED. Run Made on Another Institution Quickly Stopped. Buffalo, N. Y., Dec. 5.-The German Bank, of which President Emory of the German-American Bank was also President, was closed today by State Superintendent of Banking Hilburn. who posted the following notice on the door: "I have closed and taken possession of this bank because of a run which is constantly increasing and the inability of the management to procure suffle cient funds to meet such run." Almost immediately a crowd of peo ple appeared in front of the German< American bank and in a few minutes there was a line of men and women at the paying teller's desk. Franklin D. Locke, who is connected with the Manufacturers & Traders Bank and Fidelity Trust Company, mounted a chair and assured those in line that the bank was entirelyi solvent and that Lorain Leal Lewis had been elected to succeed President Emory. A few minutes later the following notice of action taken by the clearing house was posted on the doors: "The Buffalo Clearing House has caused a careful examination to be made of the assets, liabilities and af4 fairs of the German-American bank and find it solvent in every respect. It has decided to advance it such moneys as are necessary to meet all demands upon it." This had a reassuring effect and in short time the excitement had subsid ed. .
Click image to open full size in new tab
Probable Murder and Suicide. Buffalo, N. Y.: The Germun-American Bank, upon which a run was begun Thursday, opened its doors as usual at 10 o'clock Friday. There were about twenty withdrawing depositors in line, all being paid promptly.
Click image to open full size in new tab
BRIEF NEWS ITEMS. Pointed Paragraphs Chronicling the Week's Doings. Long Dispatches From Various Parts of the World Shorn of Their Padding and Only Facts Given in as Few Words as Possible For the Benefit of the Hurried Reader. Two tariff commission bills and several other measures relating to the tariff were introduced in the house of representatives. Japanese force sent to turn Rennenkampf's flank has been led into an ambush and repulsed with a loss of 1500 dead, according to Mukden reports. Run on the German-American bank at Buffalo was stopped by co-operation of the clearing house, but the German bank was closed by State Superintendent Kilburn. Banker Beckwith of Oberlin confesses that he and his cashier endorsed for Mrs. Chadwick two notes for $500,000 each that bore the name "Andrew Carnegie." Mr. Carnegie denies that he has signed any such notes.
Click image to open full size in new tab
Accidental Happenings. Mrs. John Johnson of Bangor, Me., lost her life in a fire while trying to resçue her two small children. Fire at Albia, Iowa, destroyed $50,000 worth of property. Four business firms were totally burned out. The large three-story building at 912-21 Walnut street, Philadelphia, occupied by half a dozen business concerns, was totally destroyed by fire, Fire destroyed the Midway terminal of the Silver Lake mine, near Silverton, Col., cutting off the supply of ore from these mines to the mill and throwing 200 men out of employment. Loss $100,000. One girl was killed, two fatally injured and a score of others hurt from jumping from windows after an explosion which wrecked Lloyd & Simpson's toy pistol factory at Portsmouth, Ohio. entailing a loss estimated at $200,000. A north-bound train on the Virginia Midland division of the Southern railway was derailed at Somerset, Va., and one passenger named McArthur of Baltimore, was killed and three others injured. Three persons were killed and several injured, two fatally, in a fire in a three-story brick residence at 184 South Main street, in Williamsburg section of Brooklyn. The fire was caused by the explosion of an oil stove. Most of those who lost their lives were caught on the upper stories of the building, from which there were no fire escapes. Breaking five great cables as if they had been threads, the 100-ton floating derrick Hercules, during a squall at New York crashed into the battleship Texas, so injuring the war vessel that she will have to go into the dry dock. While a freight was stalled on the Canadian Pacific road at Fort William, Ont., it was crashed into by a train of empty passenger coaches and Conductor Patrick Savage of the passenger was killed, Attorney General Cuneen will apply for a receiver for the suspended Buffalo German-American bank.
Click image to open full size in new tab
Accidental Happenings. Mrs. John Johnson of Bangor, Me., lost her life in a fire while trying to rescue her two small children. Fire at Albia, Iowa, destroyed $50,000 worth of property. Four business firms were totally burned out. The large three-story building at 912-21 Walnut street, Philadelphia, occupied by half a dozen business concerns, was totally destroyed by fire, Fire destroyed the Midway terminal of the Silver Lake mine, near Silverton, Col., cutting off the supply of ore from these mines to the mill and throwing 200 men out of employment. Loss $100,000. One girl was killed, two fatally injured and a score of others hurt from jumping from windows after an explosion which wrecked Lloyd & Simpson's toy pistol factory at Portsmouth, Ohio. entailing a loss estimated at $200,000. A north-bound train on the Virginia Midland division of the Southern railway was derailed at Somerset, Va., and one passenger named McArthur of Baltimore, was killed and three others injured. Three persons were killed and several injured, two fatally, in a fire in a three-story brick residence at 184 South Main street, in Williamsburg section of Brooklyn. The fire was caused by the explosion of an oil stove. Most of those who lost their lives were caught on the upper stories of the building, from which there were no fire escapes. Breaking five great cables as if they had been threads, the 100-ton floating derrick Hercules, during a squall at New York crashed into the battleship Texas, so injuring the war vessel that she will have to go into the dry dock. While a freight was stalled on the Canadian Pacific road at Fort William, Ont., it was crashed into by a train of empty passenger coaches and Conductor Patrick Savage of the passenger was killed, Attorney General Cuneen will apply for a receiver for the suspended Buf(alo German-American bank.
Click image to open full size in new tab
has 937 Broadowned the Liberty Bank of Buf falo, and will open for business in Auhas frontage feet Broadway and depth 120 arranged the Estate company BANK REOPENINGS GAIN The from trying passed the June 30 call with conditions Rand Co.'s 'Weekly Banking Market" said today "The weeks said the "show new and maintaining the begun in March For this week the per over period in 1931 Every the new and has been than in the same months year ago. GOOD SEASON YORK be looking for good fall To terest they use of in dresses wholesaling from up. STOCKS TODAY Abraham Strauss pfd. Amerada American Shipbuilding Austin Nichols Bon pfd. Colgate Palmolive Peet General Cigar General General International Printing Ink pfd McCall Melville National Distillers United Biscuit 1.75
Click image to open full size in new tab
BANKS OF BUFFALO READY TO REOPEN 1.1 House are Marine Trust company. company and the Liberty Bank of Buffalo. Action Expected Here. The holiday affects banking national and associations and safety deposit postal savings and systems the United States Postoffice Postmaster Robert Gallagher announced postal savings department open closed and remain open each day banks Buffalo and York, cordance with proclamation, greeted without excitement. Many persons expected the holidays ready had been called majority the states the country. As the they found the tion in them. Taken in Good Humor. For turned joked about situation Bank too. the holiday payments. holiday George Rand. president Marine Trust and president the Buffalo he reached his early telegram in his hand from the York the official of the moratorium proclaimed by Gov. Besides Mr. Rand, the officers the House are: George Kleindist, president the president: Lewis the ManuTraders Miller, the Trust Other Buffalo banks affected the are the Niagara the East National bank. the Erie Counthe Buffalo Savings and Savings bank. County Banks Affected. Erie county institutions, which also two-day holiday. inState Bank Kenmore, the First Bank Kenmore, the Bank the Amerithe LackaLancaster, the Bank Hamburgh, the Peoples Bank Trust Company of Tonawanda. Among the financial institutions in Niagara are the Trust company North Tonawanda, Union company of North Niagara the the Lockport Exchange Trust Niagara County National Bank pany the Farmers Savings bank of Lockport.