1433. Naugatuck Bank & Trust Company (Naugatuck, CT)

Bank Information

Episode Type
Suspension → Closure
Bank Type
trust
Start Date
October 8, 1931
Location
Naugatuck, Connecticut (41.486, -73.051)

Metadata

Model
gpt-5-mini
Short Digest
ec4437e74fa9cb58

Response Measures

None

Description

The articles report the Naugatuck Bank & Trust Company was closed by the Connecticut state banking department in early October 1931 for impairment of capital (depreciation of securities). A temporary receiver (Naugatuck National Bank) was appointed and later made permanent; the bank was liquidated under receivership and paid dividends to depositors over subsequent years. No bank run is described in the articles. Classification: suspension by government action leading to permanent closure and receivership (suspension_closure).

Events (5)
1. October 8, 1931 Receivership
Newspaper Excerpt
Attorney John F. McDonough rep... was appointed temporary receiver ... The court set November 13 as the date for the confirmation of the temporary receiver and for the appointment of the appraisers. The receiver will wind up the affairs of the company.
Source
newspapers
2. October 8, 1931 Suspension
Cause
Government Action
Cause Details
Closed by state banking department due to impairment of capital from depreciation of securities
Newspaper Excerpt
The Naugatuck Bank and Trust Company was closed today on order of the state banking department. Impairment of capital due to depreciation of securities was given as the cause of intervention
Source
newspapers
3. March 28, 1932 Other
Newspaper Excerpt
Permission to pay 25 per cent dividends on savings and commercial deposits in the Naugautck Bank and Trust Company is asked by the Naugatuck National Bank, receiver ... It will mark the first payment of dividends since the bank closed several months ago.
Source
newspapers
4. April 20, 1932 Other
Newspaper Excerpt
Naugatuck Trust Depositors Will Get First Payment April 20th - Savings Accounts of $5 or Under Will Be Paid Up in Full ... Judge Jennings inclined to grant the petition. Dividend payments are stated to be made April 20th.
Source
newspapers
5. December 3, 1934 Other
Newspaper Excerpt
Naugatuck Bank Plans Dividend ... asks permission to pay a 10 per cent dividend to depositors ... would make a total of 85 per cent they have received in dividends since the bank closed in October 1931.
Source
newspapers

Newspaper Articles (20)
1. October 8, 1931 The Waterbury Democrat Waterbury, CT
Article from The Waterbury Democrat, October 8, 1931

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Receiver For Naugatuck Trust Borough National Bank Named To-day-Move Taken to Protect Depositors From Losses The Naugatuck National Bank Attorney John F. McDonough repwas appointed temporary receiver resented the closed bank. for the Naugatuck Bank and Trust Attorney Kosicki in his petition Company, closed yesterday by the pointed out that impairment of state banking department under a capital, frozen assets and nonrestraining order, following a hearliquid conditions prompted the ising before Judge Newell Jennings suing of the restraining order yesin superior court today. The court terday. He said the petition for set November 13 as the date for the temporary receiver is to prothe confirmation of the temporary tect the assets and creditors and receiver and for the appointment depositors from loss, stating it of the appraisers. The receiver would be unsafe for the defendant will be made permanent at that company to continue in business. time and will wind up the affairs Mr Kosicki declared after the of the company. hearing that the depositors will Attorney Bernard A. Kosicki of not lose anything because the the attorney general's office apliquidation of the company's aspeared for George J. Bassett, state sets will cover them. banking commisisoner, in seeking The Naugatuck Bank and Trust the appointment of the receiver. Company was organized in 1922.

2. October 8, 1931 The Waterbury Democrat Waterbury, CT
Article from The Waterbury Democrat, October 8, 1931

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Naugatuck Bank Closed It Will Pay Depositors Naugatuck, Conn, Oct 8-(U. P.) -The Naugatuck Bank and Trust Company was closed today on order of the state banking department. Impairment of capital due to depreciation of securities was given as the cause of intervention by Deputy State Ranking Commissioner R. Gordon Baldwin. William Laube, president, issued a statement to-day promising no depositor "shall eventually lose a nickel." "All deposits are safe," he declared, "the bank merely having been closed to preserve the assets." A representative of the attorneygeneral was expected to apply for a receiver to-day. The last statement of the bank issued June 30, 1931, listed capital of $50,000. surplus of $20,000 and undivided profits of $10,000. Assets were set at $659,977.

3. October 9, 1931 Hartford Courant Hartford, CT
Article from Hartford Courant, October 9, 1931

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225-WDRC Hartford-1330 time Tunes school. program. talk Sanderson and Frank program. Cooking Concert. Bigelow's orchestra. Revue. Smith, concert orchestra Wallace Three Opera Gems of speaker Boles, tenor. National Commander the American Legion. songs orchestra with quartet Emily soprano. and Renard's orMilitary Band Seidel and orchestra chorus 45-Bea and Natilie. 11-Street Duchin's be announced. Berger's concert ensemble diversions String 30-German Prof. Karl T Marx of the Gerridy's baritone. Fred ScienLait and guest artist program. weather report. Uncle Don Paul Gallico. Bill Crawford. Program by electrical transcription and by electrical transcription. vocal quartet. -Concert orchestra directed by Josef Pasternack and Charros and Tito Guizar. Entertainers weather report. Woodworth's orchestra. 6:45 to m-Health exercises. 4:15-Same as WTIC. Spitalny, tea dansante 5-Children's program, Madge Tucker. Connelly, songs Hill Billy music. Dance orchestra Bowe's Family. Same WTIC Minstrel show with Paul Dumont Lopez Calloway's Hogan's 395-WJZ-NEW YORK-760 ganist and Bill and Jane Trio and White Colonel Goodbody with Mary Olds and Robert Griffin Beautiful Thoughts with Irma Glenn, May Baldridge, NePerkins, comedian and Wallace Music Barnes impersonations and Larry Larsen, organist. Farm and Home hour. 2:15-Studio program drama songs Pete. harmony Orphan Annie, children's Junior domestic skit. orchestra Laddies, vocal trio Andy songs Ripley. Edwin Whitney and 8-Harry Richman and Vocal and specialty songs Jones and Ernie Hare Coach Dick Hanley of Northwestern University. speaker Whiteman's Orchestra. Life Knute Rockne.' tone and speaker. Lu and orchestra and Tom string 30-Jack Denny's orchestra. songs m.-Gibson orchestra Bank Receiver Named. Waterbury Oct. Naugatuck National Bank was this afternoon named of the Naugatuck Bank and Trust Company which was closed yesterday under restraining order secured by Deputy Bank R. Gordon Baldwin. The appointment was made by Judge Newell Pennings of the Superior Court at the of Assistant Attorney General Bernard Kosicki.

4. December 29, 1931 The Waterbury Democrat Waterbury, CT
Article from The Waterbury Democrat, December 29, 1931

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LATE REALTY NEWS Two Divorces On Mortgage Deeds: Agnes Waller to Edgar Miller, estate the dast side Short Calendar of Frost road, $800. Warranty Deeds: Last Session of Year Comes Before Peasley Thursday Morning filed last August in which it was found that the difference between the benefits and damages amountThe last short calendar session construction of the new Middleed to $900. The referee found the of this year will be held Thursday bury road. The report of the plaintiff was entitled to that morning at 10 o'clock Judge referee who heard the case was amount. Frederick M. Peasley in superior court. There are 10 motions civil cases and two uncontested divorce actions to be heard at the session. Incidentally it will mark the first appearance Judge Peasley his winter session which will mean his WHY here until March of 1932. The divorce actions brought Carmela DiMarco against Florio DiMarco on grounds RISK of cruelty and Mary Petrashinski Shpak John Shpak on the grounds cruelty. The first titioner asks that her name charged and the second asks for custody of the minor children and alimony. In the civil actions to be heard the motion of the Naugatuck tional as receiver for the Nauagtuck Bank Trust company to sell bonds held by the latter stitution, before its close, heads the Another motion of importance is that of George Inc, against John A. MacDonald, state highway commissioner, asking judgment type of the report of the state referee the hearing for assesment of came home with benefits and resulting grown cough and from the highway department's cold. put him bed

5. December 31, 1931 The Waterbury Democrat Waterbury, CT
Article from The Waterbury Democrat, December 31, 1931

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Sell Bonds Of Defunct Bank Court Authorizes Naugatuck National to Act for Trust Company Which Closed Doors of its closing held four sets of Austin L. Adams, president of bonds and it was his opinion that the Naugatuck National Bank has three of them should be sold. The an optimistic outlook for January court's permission is required behe so stated on the witness stand fore the sale can be completed. He said that the bonds should be in superior court this morning dursold and that January would be a ing a hearing on a motion involgood month to sell them because ving the closed Naugatuck Bank & he felt optimistic regarding generTrust Co. The Naugatuck National conditions during that month. al Bank is the receiver for the The court granted the application. Naugatuck Bank & Trust Co and The state referee's judgment on Mr Adams is active in the conduct the hearing on benefits and damof the affairs relative to the reages in the case of George Tracy, celvership. Inc, against the state highway He took the stand to state his commissioner, was accepted. By reasons for the granting of perthe terms of the judgment the mission to sell bonds held by the plaintiff is awarded approximately closed bank. He said the Nauga$900 damages. tuck Bank & Trust Co at the time

6. February 19, 1932 The Waterbury Democrat Waterbury, CT
Article from The Waterbury Democrat, February 19, 1932

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# Merchants Trust Co Rulings (Continued from Page 1.) Watson. Mr Reeves pointed out that these claims were based on sight drafts transactions in which payment had been made to the Merchants Trust Company prior to its suspension. One amount is $240 and the other, $1,250. Judge Frederick M. Peasley before whom the motions were heard also confirmed all previous orders that were granted at chamber sessions before the case came into court. A foreclosure judgment of $3,240.37 was entered in favor of Alice E. Ineson against Jennie D. Foster with law day set for April 1. Permission was given for the release of the attachment in one of the claims involved in the receivership action of the Naugatuck Bank and Trust Company. In the same case Judge Peasley approved the reports of the doings of the permanent receiver.

7. March 11, 1932 The Waterbury Democrat Waterbury, CT
Article from The Waterbury Democrat, March 11, 1932

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Receiver Bank Appeals Tax Fee Naugatuck National Objects to Paying $636.55Claims Franchise Fee Void When Borough Bank & Trust Co Suspended Business 1, 1932, was filed in superior The appeal of the Naugatuck National Bank from the state court today. The papers state the equalization tax board's ruling on Naugatuck National Bank, as rethe tax on the Naugatuck Bank ceiver for the Naugatuck Bank and Trust Company, as of January and Trust Company., objects to the payment of the tax, amounting to $636.55, on the grounds that the franchise of the Naugatuck Bank PRINCE LENNART and Trust Company was lifted when that bank suspended on November 13, 1931. OF SWEDEN WAS The tax bill, called the "franchise tax," was sent out by Commissioner Blodgett. The NaugaMARRIED TO-DAY tuck National Bank objected and appealed to the equalization board on the grounds that the closed bank had no franchise as of JanRenounced Royal Rights uary 1, 1932. The equalization board upheld the tax commisBy Wedding Commoner sioner. Permission was then -Refused Church Ceresought to file an appeal to the superior court and the request was granted at last Friday's session of mony So His Mother superior court. Would Not Attend

8. March 28, 1932 The Waterbury Democrat Waterbury, CT
Article from The Waterbury Democrat, March 28, 1932

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Receiver of Naugatuck Bank & Trust Co Would Pay 25 Per Cent on Savings and Commercial Deposits - Will Make First Payments Since Bank Closed SUPERIOR COURT TO HEAR MOTION Permission to pay 25 per cent dividends on savings and commercial deposits in the Naugautck Bank and Trust Company is asked by the Naugatuck National Bank. receiver, in motions filed in superior court today. The motions, which will be heard Friday morning before Judge Newell Jennings. ask that the dividend payments be made April 20th. It will mark the first payment of dividends since the bank closed several months ago. A third motion seeks permission to pay in full all depositors with accounts less than $5 in the closed bank. The receiver explains that this procedure will save consider(Continued on Page 2)

9. April 1, 1932 The Waterbury Democrat Waterbury, CT
Article from The Waterbury Democrat, April 1, 1932

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Judge Intimates He Will Grant Bank Petition Naugatuck Trust Depositors Will Get First Payment April 20th-Savings Accounts of $5 or Under Will Be Paid Up in Full No objections were presented to the payments of 25 per cent dividents on savings and commercial deposits in the closed Naugatuck Bank & Trust company at short calendar hearing in superior court before Judge Newell Jennings this morning. Judge Jennings took the petitions under advisement and announced he is inclined to grant the petition The was sought by the Naugatuck National bank. receiver for the closed bank. Dividend payments are stated to be made April 20th. Attorney W. W. Gager presented the motions and testimony on the condition of the closed bank was offered by Austin L. Adams, presi- dent of the Naugatuck National bank, Mr Adams stated through liquidation procedure there is available for distribution, about $90,000 for savings account dividends and $130,000 available on the commercial side. In the latter amount is included the Christmas Savings club Judge Jennings also stated he would the motion asking permission to pay in full all deposits in the savings side up to $5. Mr Adams explained that this step would save considerable expense to the The cash available for distribution also includes United States government certificates, Mr Adams said.

10. June 9, 1932 The Waterbury Democrat Waterbury, CT
Article from The Waterbury Democrat, June 9, 1932

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Coal Co Files $15,000 Claim Seeks to Collect From Receiver for Naugatuck Bank Permission to file $15,000 against the National bank, for the closed Naugatuck Bank & Trust company was filed superior court to-day by petitioners, former rectors closed bank. The petition explains that the nine rectors signed guaranteeing to the Union City Coal amount up to company should recover against the closed bank. The petition sets up that the coal company against the Bank Trust on June for the alleged the called Jurksaitis Trust. The bond was signed by the directors. Insuring of any judgment up to the It appears that any judg. ment in the action have paid by the petitioners by virtue their being sureties the bonds, since appears improbable the receiver enough to pay any judgment, petition states. The time limit for filing claims against closed bank pired on March 30, 1932, the petitioners ask to file contingent against receiver The petitioners include: Freedman, A. BarCross, Clarence Walter E. Brown, Kennedy, William be, Joseph Carlson and Edward Sodlosky.

11. April 12, 1933 The Waterbury Democrat Waterbury, CT
Article from The Waterbury Democrat, April 12, 1933

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Dividend Now Is Ruled Unlikely Lack of Cash Prevents It, Say Officials of Naugatuck Bank & Trust Company not enough cash to pay a dividend Possibility of a 10 percent divi. now. dend to depositors of the NaugThe report for the month of atuck Bank & Trust company in March filed in superior court Monout of the question at this time, ofday showed cash in the neighbor ficials at the Naugatuck National hood of $26,000 and comparing Bank. receiver, stated to-day. For that amount with the total deposions one reason, officials state, there is Its of approximately $270,000, u appeared that the receiver only needed about $1,000 additional The Cable-Tow cash to make a 10 percent divi. dend to depositors. Officials at the Naugatuck No. Ass'n Meeting tional Bank stated to-day that nearly twice the cash now on hand Annual Session Held Last is needed because the receiver in paying dividends takes the amounts of the deposits at the Night in Plymouth time the bank was suspended. In The Cable-Tow association of other words, instead of paying out $27,000 in a 10 percent dividend, Euclid Lodge of Masons held their the receiver would go back to the annual meeting last evening in the amount of the total deposits of the form of a turkey supper at the Naugatuck Bank & Trust company when it closed to ascertain the Shrine Club in Plymouth which amount due each depositor. The was featured by election of offcera. total deposits have decreased since Raymond H. Daniels was named the bank closed because two divipresident, William L. Allington, dends, one In the amount of 25. vice-president; John M. White. per cent and one In the amount secretary; and Ellsworth Schmidt, of 15 per cent. have been paid. treasurer. Louis A. Wenzel, retir-

12. January 19, 1934 The Waterbury Democrat Waterbury, CT
Article from The Waterbury Democrat, January 19, 1934

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PETITION FILED FOR HOME LOAN BONDS Naugatuck Bank Receiver Gets Authority to Adopt This Procedure The Naugatuck National Bank, receiver for the Naugatuck Bank & Trust Co., got permission in superior court here today to accept Home Loan Bonds in exchange for $150,000 of mortgages held as assets of the closed bank. Attorney W. W. Gager appeared before Judge John A. Cornell to present the application. Attorney Gager said it is impossible to liquidate the mortgages through the normal channels and that if permission were granted for the acceptance of Home Loan bonds, a substantial liquidation would result. xiowtnrgxarroll

13. March 9, 1934 The Waterbury Democrat Waterbury, CT
Article from The Waterbury Democrat, March 9, 1934

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H. L. BOND SURVEY SUBMITTED TO-DAY Merchants Trust Co. Re= ceiver Acquired $86,000 More Since January 1 A survey of the Home Loan bond transactions participated in by the receiver for the Merchants Trust Co was submitted by Attorney Francis T. Reeves to Judge Arthur F. Ells in superior court to-day. The report shows that the receiver has acquired about $86,000 additional bonds since the first of the year. The receiver expects to acquire $100,000 worth before another distribution of the bonds is made to depositors. When that figure is reached, the receiver will have turned over about $500,000 worth of bonds in the liquidation of nearly $700,000 worth of savings accounts. The report shows the receiver exchanged about $375,000 worth of bonds so far for $450,000 worth of savings accounts. Out of the total number of accounts offered for exchange, all but eight of the depositors took advantage of the offer. In the Naugatuck Bank & Trust Co receivership, Judge Ells reserved decision on the applicatino of the reeeiver, the Naugatuck National bank, asking permission to sell $56,000 worth of Home Loan Bonds in order to pay depositors in cash.

14. November 2, 1934 The Waterbury Democrat Waterbury, CT
Article from The Waterbury Democrat, November 2, 1934

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NAUGATUCK BANK ALLOWED $2,500 Judge Cornell Approves of Receiver's Allowance for Services The Naugatuck National bank, receiver for the Naugatuck Bank and Trust Co, was awarded $2,500 for services rendered in the operation of the receivership, under an order of Judge John A. Cornell in superior court today. The receiver was also given $562.50 for clerical expenses, representing the sum the receiver has paid out for clerical work. In the Merchants Trust Co receivership, Judge Cornell granted permission to the receiver to proceed with the sale of property at 367 Willow street for $11,100. The receiver took possession of the premises by foreclosure, the debt being $12,044. The receiver was also given permission to expend $2,000 to renovate property at 474-476 North Main street and 10 Albion street. Counsel representing Anna Vitkauskas in her appeal from a dismissal of her claim for compensation against the American Brass Co was given one week in which to file reasons for her appeal.

15. December 3, 1934 The Waterbury Democrat Waterbury, CT
Article from The Waterbury Democrat, December 3, 1934

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NAUGATUCK BANK PLANS DIVIDEND Application Before Judge Cornell-Would Distrib= ute $50,000 Present Depositors of the closed Naugatuck Bank and Trust Company will receive a nice Christmas present this year, provided an application for the payment of another dividend is granted by Judge John A. Cornell at the short calendar session of the superior court Friday morning. The Naugatuck National Bank, receiver, for the closed bank to-day asks permission to pay a 10 per cent dividend to depositors, which if granted, will make a total of 85 per cent they have received in dividends since the bank closed in October 1931. Payment of a ten per cent dividend will mean that a total of $50 000 will be paid out to depositors of that bank. This is considered excellent liquidation in view of the few dividends paid depositors in other closed banks throughout the country. Attorney W. W. Gager filed the application for dividend payment in superior court to-day. The application states the dividend would be paid all savings and commercial depositors and holders of Christmas Savings club ac counts. Dividends of 7.5 per cent have ben paid those creditors of the closed bank up to to-day. The receiver states there are enough funds to pay the ten per cent allotment. The money became available through liquidation of mortgages and Home Loan bonds. Attorney Gager said to-day. He added that the receiver hopes to do something further in the way of dividend payments, but that it cannot be guaranteed in view of the unstable conditions prevalent throughout the country. Judge Cornell in acting on the application Friday is expected to grant the application and to fix a date for the payment of the funds.

16. April 1, 1935 The Waterbury Democrat Waterbury, CT
Article from The Waterbury Democrat, April 1, 1935

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NOTICE NAUGATUCK NATIONAL BANK. a corporation duly organized under the laws of the United States and located in Naugatuck, Connecticut, AS IT IS RECEIVER of THE NAUGATUCK BANK AND TRUST COMPANY. corporation duly incorporated and located in said Naugatuck. VN. CHARLES B. PHILLIPS, MELENDA A. PHILLIPS, JOHN BELLEAU all of said Naugatuck, ENA EFFRON. of Stamford, Connecticut, EVA L. ADAMS, of Waterbury, Connecticut as she is EXECU. TRIX of THE ESTATE of JOHN BELLEAU, DECEASED. and the HEIRS of SAID JOHN BELLEAU. and MARGUERITE ADAMS, of Waterbury, Conn., and GEORGE BELLEAU, of Wallingford, Conn.

17. April 30, 1935 The Waterbury Democrat Waterbury, CT
Article from The Waterbury Democrat, April 30, 1935

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Catherine P. Hanlon and Attorney George H. Lynch bring the suits for the respective plaintiffs to the superior court. An appeal from the setting of the boundary line of his property on the Country Club road is taken to the superior court by Dr Charles H. Beere from the action of State Highway Commissioner John A. McDonald. ### WOMAN ASKS $3,000 Mary E. Blackburn asks $3,000 from the City of Waterbury in an action based on a fall on an alleged defective sidewalk on Oak street, March 3, 1935. The Charles F. Fischer Company, Inc, of New York brings a $400 action on a common court writ against R. Min, icucct. The Alexander Hamilton Institute asks $350 in a common count action against G. E. McCar-they. Alta T. Smith asks $500 on a common count writ against W. B. Duchan. The Stratford Acceptance Corporation asks $200 on a note transaction against B. A. Bradley. Frank T. Healey, administrator of the estate of Enos Ball brings a $500 action against the Prudential Insurance Company. The suit claims Ball held a policy with the defendant but after his death, February 5, 1935, the company refused to meet the policy's terms. Mrs John L. Gray asks $500 damages from the State of Connecticut for damages to her automobile caused in a collision with one of the highway trucks on the Bethany road, January 23. Charles P. Boylan claims $10,000 damages from William H. Wyrick for injuries, permanent in nature, sustained March 25, 1934, when he was struck by the defendant's automobile at Grand and Bank streets. Four of the plaintiff's front teeth were knocked out and he suffered other cuts which will leave permanent scars. Attorney F. P. Guilfoile brings the suit for the plaintiff. Irving M. Martin of Higganum brings a replevin action to recover ice cream equipment from I. H. Zackin of Waterbury. ### SEVERAL FORECLOSURES Foreclosures instituted include: Colonial Trust Co, trustee under the will of Martin W. Hall, against Clara Bronson Dennison, property on Columbia boulevard; Waterbury savings bank against Donato Ieronimo, property on Norman street; Naugatuck National bank, receiver for the Naugatuck Bank & Trust Co, against Charles B. Phillips, property on Beebe street, Naugatuck; Juliet Granger against Mary Capobianco and others, property on Hawkins street; Federal Finance Corp against Hyman Wilson, property on North Main street.

18. June 14, 1935 The Waterbury Democrat Waterbury, CT
Article from The Waterbury Democrat, June 14, 1935

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# BANK COUNSELLORS # GIVEN $1,000 FEES Attorney W. W. Gager and Attorney John F. McDonough were awarded $1,000 each for services rendered as counsel to the receiver for the closed Naugatuck Bank & Trust Co., by Judge Frederick M. Peasley in superior court to-day. Attorney Gager who presented the application said counsel have received no remuneration for services since a year ago. The Naugatuck National Bank, receiver, has paid about 85 per cent in dividends to depositors of the bank.

19. October 5, 1936 The Waterbury Democrat Waterbury, CT
Article from The Waterbury Democrat, October 5, 1936

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Giants May Shift Lineup; Crowd For Game Very Small Leslie, Leiber, Koenig Are $232,000MAYBE Likely Replacements in National League Team PAID DEPOSITORS HAL SCHUMACHER TO Authority Sought From GET SECOND CHANCE Court By Merchants Trust'Receiver Red Ruffing Will Be Yank's Hurler; Giants Are Con= Depositors of the commercial and savings departments of the closed ceded Slight Chance Merchants Trust Co., will receive dividends totalling $232,000 within the next few weeks. Bank ComBY GEORGE KIRKSEY missioner Walter Perry, the receiver (United Press Staff Correspondent) for the bank, filed in superior court today u motion asking permission to Yankee Stadium, New pay a dividend of 10 per cent to York, October 5. - (UP) commercial and savings depositors. The New York Yankees and Judge Patrick B. O'Sullivan is exGiants resumed the World pected to approve the motion and sign an order authorizing the diviSeries, with the American dend payments at the short calenleaguers expecting to end the dar session of superior court Fricontest today with their day morning. fourth victory. The Merchcants Trust Co., dividend is one of several that will be Even the fans considered distributed to closed banks in the the series is as good as state providing superior court finished after Carl Hubbell's failjudges grant their approval. A ure to check the Yankees in Sun14 1/2 per cent dividend for savings day's game before a record-breakdepositors of the Naugatuck Bank ing crowd of 66,669. and Trust Co., bringing their total An early estimate placed the to 99 1/2 per cent, and a 5 per cent probable attendance under 50,000. dividend for commercial depositors The bleachers, jammed with 18,000 at the same institutoin, bringing fans more than two hours before their total to 90 per cent, were reSunday's game started, were only cently authorized. sparsely filled an hour before game The new 10 per cent dividend time. The $3.30 unreserved seats will bring dividends paid to comin the upper deck of the triple-tiered mercial depositors in the Merchants stadium were almost empty. Trust Co., to 50 per cent, and diA reported shakeup in the vidends to savings depositors to 40 Giants' line-up in one last desperate per cent. effort to stem the tide of Yankee The motion filed here today, triumphs, now at three straight, signed by Joseph A. Levy, special could not be confirmed. assistant attorney general, says that When a reporter attempted to see the bank's commercial account has Manager Bill Terry in the Giants' cash on hand, as of Sept. 30, of dressing room under the stands, he $110,455.68, while the savings dewas barred. partment has cash assets of $160,115.70. In the commercial departWhen the Giants came on the ment, the dividend to be distrifield Terry was not with them. The buted will amount to $80,000, while Giants' leader, so crippled in the in the savings department the total left knee, that he was hobbling distributed will be $152,000. around the field like a one-legged man at the finish of yesterday's Plans for the Merchants Trust dividend were announced recently game, planned to remain in to the last. by Commissioner Perry, but the motion for permission to make the "I'm going to stay in there as long payment was not filed until today. as my knee will hold me up," Terry The bill which made Commissionsaid yesterday. "I'll never play er Perry the receiver of all closed again though after the world banks in the state was introduced series." at the last session of the state genTerry may have changed his mind eral assembly by Senator George T. overnight and decided to send Sam Culhane of this city. Leslie, who has made two hits in

20. October 14, 1938 The Waterbury Democrat Waterbury, CT
Article from The Waterbury Democrat, October 14, 1938

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# DIVORCE DECREES # RECORDED TODAY Judge Simpson Acts on Charges of Desertion; Reports Rendered Two divorces were granted in superior court today by Judge Earnest C. Simpson. Jeannette C. Franken of this city was granted a decree from Adolph Franken of New York on grounds of desertion. They were married September 15, 1920, and parted March 15, 1934. Frank J. Breen of Oxford obtained a divorce from Margaret C. Breen of Yonkers, N. Y. They were married June 29, 1934, and he was allegedly deserted April 9, 1935. The case of Lillian May Aspell against James Joseph Aspell was placed on the uncontested list. State Referee The superior court civil action of Frank Kremski and others against Ignacy Kwiatkowski and others is to be heard by a state referee. Counsel for both sides stipulated today that the case might be taken from the superior court and heard by a referee. Judge Earnest C. Simpson granted approval. Reports Filed Judge Simpson in superior court today took under advisement four receivership semi-annual reports. The reports were submitted by receivers for the Merchants Trust Company, Sanditz and Traurig Company, Naugatuck Bank and Trust Company; and William H. Lowe Company.