cbae11d1Accommodated withdrawals, Public signal of financial health
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STATE OFFICIALS CHECK BANK RUN Manchester, N. H., Oct. 15 (AP). -State officials hurried here from Concord today to check heavy withdrawals on the Amoskeag Savings Bank. Bank Commissioner Willard D. Rand and Insurance Commissioner John Sullivan addressed 500 persons who had jammed the bank premises seeking to withdraw their money and, the crowd then decreased. ADVERTISEMENT
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CLERGY SLOW RUN ON AMOSKEAG BANK Join With State Officials at Manchester, N H Special Dispatch to the Globe N H, Oct 15-A run on Savings Bank, with of more than $30,000,000, which mild yesterday became today and jostled the lobby and corridors the walks in front to withdraw their funds. met all such deas rapidly as large force of make payments, paying amount on deposit and interest run is believed to have been preby depositors the annual statement of the Company to the Bank and Treasurer Frederic C. Duthe Company which he that there absolutely no financial between the corporation and the savings Commissioner Willard D. the said in excess of $1.25 each is safe, to the complete every depositor. continue to meet every it in cash. Any the is untrue. Gov G. in statement Concord, corroborated the decBank Commisthe solidity of the Savings Members of including Rev John permanent rector of St Anne's Rev P. Boire, permanent of Augustine's Rev Alphee L. rector Church, and Rev Walof the Franklin urged the depositors to keep the strong financial position to the Finen emphasized the fact that funds of his church are deSavings every will remain exhorted the depositors to have in this institution, which he strong ample resources to meet every of deposits. spoke both in the from the front steps of the greeted their stateand left the people at of their With the remarks. men and the clergy together and the solidity the the effect Withdraw- on the continued evening up to but noticeable falling in the number of depositors to obtain their funds.
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CLERGY SLOW RUN ON AMOSKEAG BANK Join with State Officials at Manchester, H., in Quieting Alarmed Depositors of Savings Bank. MANCHESTER, N. H., Oct. run on the Amoskeag Savings bank, with deposits of more than 000, which began in mild way Wednesday milling affair when depositors and jostled each other in the bank's lobby and corridors and on the walks in front of the bank seeking withdraw their funds. The bank met all such demands rapidly large force of clerks could make payments, the full amount on deposit and to The run believed have been precipitated by mistaking the annual statement of the Amoskeag Manufacturing Co pertaining to the Amoskeag bank and this led Treasurer Frederic Dumaine of the Amoskeag Co. issuing statement in which he said that there was no conof any sort the textile and the Bank Commissioner Willard Rand, commenting on the condition the Amoskeag bank, said that "the bank has in excess of for each $1 deposits. It is safe, sound and entitled to the complete every has met and to meet every demand upon it in cash Any statement to the contrary is untrue. Gov. John Winant, in statement from Concord, the declaration of the state's bank commissioner regarding the solidity of the Amoskeag Savings Members including Rev John St Anne's church: Rev. Boire, permanent rector St. Augustine's church; Rev Alphee Leclerc, rector of St. Marie's church. and Rev. Wallace Anderson, pastor of the Franklin Street Congregational church, urged the depositors to keep their funds ing its strong financial position to the crowd. Father Finen emphasized the fact that the funds of his church are on deposit the Amoskeag Savings bank, every dollar will remain there.' exhorted the depositors to have confidence in this institution. which strong financially, with ample meet every dollar of deposits. The clergymen spoke both in the bank from the front steps the building Applause greeted their statements and many people left at the conclusion of their remarks. With state, men and the clergy proclaiming the solidity of the bank the effect on the depositors noticeable. were continued last evening to o'clock, but there was noticeable falling off in the number of depositors seeking to obtain their funds.
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State Officials And Clergymen Prevent Run On Manchester Bank Manchester, N. H., Oct. 15-AP)State officials and Manchester clergymen joined today to stop heavy withdrawals on the Amoskeag Savings Bank. Standing on the steps of the bank the speakers exhorted a crowd of 500 persons, most of them depositors, to go home and refrain from drawing their savings. A rumor which was spread through the foreign quarter of the city Wednesday that the bank was to be closed led to the heavy withdrawals today. As the crowd increased Bank Commissioner Willard D. Rand and Insurance Commissioner Joseph Sullivan hurried from Concord. Three Roman Catholic priests Fathers John E. Finen. A. J. Leclair and A. P. Doire, and the Rev. Wallace Henderson of the First Congregationalist Church, joined the state officials at the bank. Part of the crowd jammed the banking quarters and the remainder stood outside. The crowd was orderly although large detail of police was on hand. As the run continued Sullivan and Rand addressed the crowd and told them their deposits were in no danger and the bank was able to pay off all those who so desired. The elergymen then appealed to the crowd to go home. The crowd cheered each speaker and there was a noticeable dwindling after the speeches. From Concord, Gov. John G. Winant and Rand issued formal statements that the Bank was sound and any rumors to the contrary were untrue. The bank claims to be the largest savings bank in New England north of Boston. It has 33,000 depositors. assets of $35,000,000 and a surplus of $10,000,000. Mr. and Mrs. Willard E. Plumer of Woodford Street have returned from a motor trip to Jackman and Moosehead Lake. They were accompanied by Mr Plumer's brother and his wife, Dr. and Mrs. Herbert Plumer of Union.
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PRIESTS CHECK RUN ON A BANK Crowd Dwindles After They Ap- peal To Depositors MANCHESTER. N. H., Oct. 16. (AP) officials and Manchester priests joined today to stop heavy withdrawals on the Amoskeag Savings Bank rumor that the bank was to be closed led to heavy withdrawals today. As the crowd increased Bank Commissioner Willard D. Rand and Insurance Joseph Sullivan hurried from Concord Three Roman Catholic priests joined the state officials at the bank. Sullivan and Rand told the crowd their deposits were in no danger. The clergymen then appealed to the crowd to go home There was noticeable dwindling of the crowd after the speeches. The bank has 33,000 depositors. assets of 000,000 and a surplus of $10,-