255878eaFull suspension, Books examined
Other: Bank commissioners served a court injunction restraining the bank from receiving or paying deposits at the request of the trustees.
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SAVINGS BANK IN TROUBLF. Severe Losses in the West is Ascribed as the Cause. NASHUA, June 12.-The Milford Savings Bank was today enjoined from doing business by bank commissioners Lyford and Baker. The deposits in the institution amount to $90,000. Of late, the withdrawals have been heavy and the bank has also suffered severe losses in the West, where it had large interests. Dr. W. H. H. Hinds is president of the bank, and W. M. Knowlton, treasurer.
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WASHINGTON NEWS A Proclam ation Issued by President Cleveland, FORBIDDING ANY INFRACTION OF THE NEUTRALITY LAWS. By Cuban Sympathizers-He Calls Upou United States Officers To Be Vigilant in Bringing All Offenders to Trial. Washington, June 12.-The President today issued the following proclamation: 'Whereas, 18 the island of Cuba is now the seat of a serious civil disturbance, accompanied by armed resistance to the authority of the established government of Spain, a power with which the United States are and desire to remain on terms of peace and amity, and Whereas, the laws of the United States prohibit citizens as well as all others being within and subject to their jurisdiction from taking part in such disturbances adversely to such established government, by accepting or exercising commissions for warlike service against it by enlistment or procuring others to enlist for such service; by fitting out or arming or procuring to be fitted out and armed ships of war for such service; by augumenting the force of any ship of war engaged in such service and arriving in the ports of the United States, and by setting on foot or providing or preparing means for military enterprises to be carried on from the United States against the territory of such government. Now, therefore, in recognition of the laws aforesaid, and in the discharge of the obligations of the United States towards a friendly power, and as a measure of precaution, and to the end of that, the citizens of the United States, and all others within its jurisdiction may be deterred from subjecting themselves to legal forfeitures and penalties, I Grover Cleveland, President of the United States of America, do herebyFadmonish all such citizens and other persons to abstain from every violation of the law hereinbefore referred to, and so hereby warn them that all violations of such laws will be rigorously prosecuted. I do hereby enjoin upon all officers of the United States charged with the execution of said laws the utmost diligence in preventing violations thereof and bringing to trial and punishment any offending the same. Is Simply a French Bluff. Washington, June 1.-The report that one of the Pescadore islands will be given France for a coaling station is discredited among the diplomatic officials here. These islands were ceded to Japan in the recent treaty made with China, and no part of them, it is asserted, will be relinquished by Japan. It is distinctly stated that if France should insist upon the control of one of these islands, Japan will resist to the extent of engaging in war. Those who' are in a position to speak intelligently upon Oriental matters, say the French government has no sericus intenton of attempting to secure a foothold in the Pescadores. These reports, it is said are inspired from French sources, and the purpose of their publication is salve to French amour propre Findings Against Paymaster Smith Approved. Washington, June 12.-The President has directed that Paymaster Smith of the navy be dismissed from the service and approving the record of the findings and sentence of the court martial which two months ago tried Smith on the charges of drunkenness, absence without leave and scandalous conduct on the China station. Smith has already been turned adrift in Japan. Suspended Payment. Milford, N.H., June 12.-The Milford savings bank suspended payment this morning. Bank Commissioners Lyford and Baker, Tuesday afternoon. served a court injunction on the savings bank, restraining the institution from receiving or paying deposits. The order is made by the request of the board of trustees to the bank commissioners. Maine Pensions. Washington, June 12.-The following pensions have been granted to people in Maine: Original-Daniel O. Sullivan, Togus; Elijah F. Judkins. Phillipsburg. Reissue - William A. Copeland, Corinna: Augustus Rines, Washburn. Original Widows, etc.-Angeline Harding, Gorham.
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A BANK IN MILFORD, N. H., SUSPENDED. Milford, N. H., June 12.-The Milford Savings Bank suspended payment this morning. Bank Commissioners Tyford and Baker on Tuesday afternoon served an injunction on the bank, restraining It from receiving or paying deposits. This action was made necessary by the large number of notices of withdrawal of deposits by non-residents, timid depositors and others, who were dissatisfied with the 3 per cent interest that was paid. These payments could not be made without selling Interest-bearing securities at a sacrifice, which would imperil the principal of the other depositors. The bank has deposits of about $300,000 and a guarantee fund of $21,000, and it should be able to resume business when general conditions improve and pay all depositors in full.
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MILFORD SAVINGS BANK Suspends as the Result of Injunction by Bank Examiners. Milford, N. H., June 12.-The Milford Savings bank suspended payment this morning. Bank Commissioners Tyford and Baker on Tuesday afternoon served a court injunction on the Savings bank, restraining the institution from receiving or paying deposits. The order is made by request of the board of trustees to the bank commissioners. This action was made necessary by the large number of notices of withdrawal of deposits by non-resident time depositors and others who were dissatisfied with the rate of 3 per cent interest. These payments could not be made without selling interestbearing securities at a sacrifice, which would imperil the principal depositors. It was deemed better to suspend rather than to lessen the ability of the bank to pay every depositor in full. The demands on the bank were heavy during the panic of 1893, and have continued S) since. It had a steadily improving busi. ness until the closing of the neighboring banks caused many withdrawals, thereby forcing the present position, which otherwise would not have occurred. The bank has deposits of about $900,000 and a guarantee fund of $21,000, and should be able to resume business when the general conditions improve and pay all depositors in ful.
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THE MILFORD BANK SUSPENDS Payment Through the Request of the Board of Directors. By Southern Associated Preas. MILFORD, N. H., June 12. --The Mil ford Savings Bank suspended payment this morning. Bank Commissioners Tyford and Baker on Tuesday afternoon served a court injunction on the Savings Bank, restraining the institu tion from receiving or paying deposits. The order IS made by request of the Board of Trustees to the Bank Commissioners. This action was made necessary by the large numbers of notices of withdrawal of deposits by non-residents, who were dissatisfied with the rate of 3 per cent. interest. These payments could not be made without selling in terest bearing securities at a sacrifice, which would imperil the principal of other depositors. It was deemed better to suspend rather than to lessen the ability of the bank to pay every depositor in full. The demands on the bank were heavy during the panic of 1893 and have continued since.
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NEW HAMPSHIRE BANK SUSPENDS, Three Per Cent. Interest the Trouble-Many Withdrawals, MILFORD, N. H., June 12.-The Milford Savings Bank suspended payment this morning. Bank Commissioners Tyford and Baker on yesterday afternoon served a court injunction on the Savings Bank, restraining the institution from receiving or paying deposits. The order is made by request of the board of trustees to the bank commissioners. This action was made necessary by the large number of notices of withdrawal of deposits by non-residents, timid depositors and others who were dissatisfied with the rate of 3 per cent. interest. These payments could not be made without selling interest-bearing securities at a sacrifice, which would imperil the principal of the other depositors. It was deemed better to suspend rather than to lessen the ability of the bank to pay every depositor in full. The demands on the bank were heavy during the panic of 1893, and have contimued since. A steadily improving business until the closing of neighboring banks caused many withdrawals, thereby forcing the present position, which otherwise would not have occurred. The bank has deposits of about $900,000 and a guarantee fund of $21,000. and should be able to resume business when general ccnditons improve and pay all depositors in full.
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A SAVINGS BANK SUSPENDS. Numerous Notices of Withdrawals Cause the Suspension. Milford, N. H., June 12.-The Milford Savings Bank suspended payment this morning. Bank Commissioners Tyford and Baker yesterday afternoon served a court injunction on the savings bank, restraining the institution from receiving or paying deposits. The order is made by request of the board of trustees to the bank commissioners. This action was made necessary by the large number of notices of withdrawal of deposits by non-residents, timid depositors and others, who were dissatisfied with the rate of 3 per cent. interest. These payments could not be made without selling interest-bearing securities at a sacrifice, which would imperil the principal of the other depositors. It was deemed better to suspend rather than to lessen the ability of the bank to pay every depositor in full. The demands on the bank were heavy during the panic of 1893, and have continued since. A steadily improving business was done until the closing of neighboring banks caused many withdrawals, thereby forcing the present position, which otherwise would not have occurred. The bank has deposits of about $900,000. and a guarantee fund of $21,000, and should be able to resume business when general conditions improve and pay all depositors in full.
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GRANITE STATE BANK SUSPENDS. Savings Institution Enjoined from Receiving or Paying Deposits. MILFORD, N. H., June 12.-The Milford Savings Bank suspended payment this morning. Bank Commissioners Tyford and Baker on yesterday afternoon served a court injunction on the bank, restraining the institution from receiving or paying deposits. The order is made by request of the Board of Trustees to the bank commissioners. This action was made necessary by the large number of notices of withdrawal of deposits by non-residents, timid depositors, and others, who were dissatisfied with the rate of 3 per cent. interest. These payments could not be made without selling interest-bearing securities at a sacrifice, which would imperil the principal of the other depositors. It was deemed better to suspend, rather than to lessen the ability of the bank to pay every depositor in full. The demands on the bank were heavy during the panic of 1893, and have continued 80 since. There was a steadily improving business until the closing of neighboring banks caused many withdrawals, thereby forcing the present posilion, which otherwise would not have occurred. The bank has deposits of about $900,000, and a guarantee fund of $21,000, and should be able to resume business when general conditions improve, and pay all depositors in full.
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Milford, N. H., Bank Suspends Payment. The Milford, N. H., savings bank suspended payment Wednesday, a court injunction having been served on the bank restraining the institution from receiving or paying deposits. This action was made necessary by the large number of notices of withdrawal of deposits by non-residents, timid depositors and others who were dissatisfied with the rate of three per cent interest. It was deemed better to suspend rather than lessen the ability of the bank to pay every depositor in full. The bank has deposits of about $900,000 and a guarantee fund of $21,000.
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A FEW "SOUND MONEY" MEN. The First National Bank at Pella, Iowa, is closed. E. R. Cassell, its president, lost $14,000 gambling, and the bank couldn't stand the pressure. Cassell has since cut his throat, but is not dead. One of Cleveland's "sound money" postmasters, at Breckinridge, Texas, is short $2,000. The money that he stole is not good in "Yurrup," either. C. L. Woodbridge & Co, importers of dress goods, trimmings, etc., New York, have failed, owing $200,000. They probably understand by this time that money that is good in "Yurrup" don't make business hum-unless there is plenty of it. The Stevens cotton Mills, Lancaster, Pa., have failed owing about $100,000. Single standard dollars don't go very far in the struggle for business existence. Chas. W. Gryne, "sound money" dude and all round sport, left Richmond, Va, a few days ago by thelight of the moon, after overdrawing his bank account to the tune of $600. The Milford, N. H., Savings bank has suspended payments. It claimsto have about $900,000 in deposits, but cannot realize on securities to pay pressing demands. There it is. Se. curities are so low. Well, didn't you goldbugs make 'em low! Now sweat. Hard times and "sound money" has made Birmingham. Ala., too poor to pay the interest on her city bonds. J. M. Heffner, agent for .Adams Express Company and C. B. & Q R.R, at Rock Island, Ill., has gone with $2,500 dollars good in Yurrup. W. W. Taylor, the "sound money" Treasurer of South Dakota, who ran away with $367,000 State money on the 7th of last January, has voluntarily returned and will be tried. He has turned over all his property to his bondsmen. The State offered a reward of $20,000 for his arrest, but detectives failed to locate him.