c8fcec0cd8c36a45Accommodated withdrawals
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To Buy the Assets. Akron, O., Aug. 20.-Geo D. Bates, cashier of the Second national bank, offered the receivers of the defunct institution $300,000 for the assets of the bank, including bills, notes and overdrafts. The proposition was filed.
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$500,000 PAID OUT. Run on Second National Bank of Akron Continues. Akron, O., June 19.-There is much excitement here over the continued big run today on the Second National bank. One of the depositors saw the daughter of one of the officials of the bank withdraw her deposit and from this the rumor started that something was wrong. Five hundred thousand dollars have been withdrawn since Saturday afternoon. The officials are not trying to stop the run but are paying out as the depositors call for their money. The bank has a surplus of $40,000 and a capital of $350,000.
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RUN ON AKRON, O., BANK. Half Million Withdrawn from Second National Since Saturday. Akron, O., June 19.-There was considerable excitement here to-day over the continued run on the Second National bank. The run started Saturday. One of the depositors saw the daughter of an official of the bank withdraw her deposit, and from this the rumor started that something was wrong. A total of $500,000 has been withdrawn since Saturday. The officials are not trying to stop the run, but are paying out as the depositors call for the money. The bank has a surplus of $40,000 and a capital of $350,000.
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Run on Akron Bank. AKRON, O., June 20.-There is considerable excitement here over the coninued run on the Second National bank. The run started Saturday. One of the depositors saw the daughter of in official of the bank withdraw her leposits, and from this the rumor started that something was wrong. A total of $500,000 has been withdrawn since Saturday.
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Run On Ohio Bank. Akron, O., June 20.-There was considerable excitement here over the continued run on the Second National Bank. The run started Saturday. One of the depositors saw the daughter of an official of the bank withdraw her deposit, and from this the rumor began that something was wrong. A total of $500,000 has been withdrawn since Saturday. The officials are not trying to stop the run, but are paying out as the depositors call for their money, The bank has a surplus of $40,000 and a capital of $350.000.
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A BANKER'S DAUGHTER Started a Great Run on Her Father's Institution. is Akron, Ohio, June 19.-There much excitement here over a continued big run today on the Second National Bank. One of the depositors saw the daughter of one of the officials of the bank withdraw her deposit and from this the rumor started that something was wrong. Five hundred thousand dollars have been withdrawn since Saturday afternoon. Officials are not trying to stop the run, but are paying out as depositors call for their money. The bank has a surplus of $40,000 and a capital of $350,000.
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NATIONAL BANK IS INSOLVENT Comptroller of the Currency Closes a Financial Institution in Fredonia, N. Y. FIRM FAILS CHICAGO Error of Judgment in the Corn Pit Results in Applia Receiver for cation WASHINGTON, June 9.-The Fredonia National Bank of Fredonia, N. Y., was closed to-day by order of the Comptroller of the Currency on information received from the examiner that it is insolvent. J. W. Schofield has been appointed receiver. FREDONIA, June 19.-Ralph H. Hall, president of the Fredonia National Bank, met with the directors and cashier in the bank to-night. At the close of the meeting the following statement was given out: "Three months ago an unwarranted rumor got abroad that there was bad paper in the bank. This started heavy withdrawal of deposits, and $250,000 was taken out in the last three months. The bank was unable to realize on its securities immediately, so failure was inevitable." NEW YORK, June 19.-The directors of the suspended Merchants' Trust Company to-day voted to accept the offer of $850,000 made by a syndicate for the Hudson Valley Railway Company stock which is held by the trust company. An official statement, which was given out after to-day's meeting, says that it now remains only for the consent of the court to permit the sale to be made. It adds that in event of the sale being completed the $850,000 thus obtained, added to $300,000 in cash on hand, $500,000 in New York City bonds held by the company and $300,000 promised by certain of the officials to be advanced for the purpose, will enable the creditors to be paid off immediately. CHICAGO, June 19.-Fyfe, Manson & Co., a grain commission firm prominent on the Chicago Board of Trade, went into the hands of a receiver to-day. The application was made voluntarily by the firm, which is said to be involved to the extent of between $70,000 and $80,000. The failure is attributed to the fact that the firm has recently favored the "bear" side of the corn market. Quotations for corn have shown an upward tendency since the "bull" deal in corn for May delivery was successfully completed. AKRON, Ohio, June 19.-There is much excitement here over the continued big "run" to-day on the Second National Bank. One of the depositors saw the daughter of one of the officials of the bank withdraw her deposit and from this the rumor started that something was wrong. Five hundred thousand dollars has been withdrawn since Saturday afternoon. The officials are not trying to stop the "run," but are paying out as the depositors call for their money. The bank has a surplus of $40,000 and a capital of $350,000.
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Ren on Ikron Bank. AKRON. O., June 20.-There is considerable excitement here over the continued run on the Second National bank. The run started Saturday. One of the depositors saw the daughter of in official of the bank withdraw her deposits, and from this the rumor start ed that something was wrong. A total of $500,000 has been withdrawn since Saturday.
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RUN ON AKRON, OHIO, BANK. It Started When Depositor Saw Cashier's Daughter Withdrawing Her Money. AKRON, Ohio, June 19.-There is considerable excitement here over the big run on the Second National Bank, which started Saturday afternoon. One of the depositors saw the daughter of the cashier withdraw her deposit, and from this the rumor started that something was wrong. Over $500,000 has been withdrawn since Saturday afternoon. The officials are not trying to stop the run, but are paying out as the depositors call for their money. The bank has a surplus of $40,000 and a capital of $350,000.
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Big Run on an Ohio Bank. Akron, O., June 21.-There was considerable excitement here over the con. tinued big run today on the Second national bank, the run starting Saturday afternoon. One of the depositors saw the daughter of one of the officials of the bank withdrew her deposit, and from this the rumor started that something was Nong; $500,000 has been withdrawn since Saturday af. ternoon. The officials are not trying to stop the run, but are paying out as the depositors call for their money.
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Girl Causes Bank Run. One of the depositors of the Second National bank of Akron, O., saw a daughter of a bank official draw out her money, and R run was started that continued until the closing hour for the day came. in which time $500,000 had been withdrawn. The officials are paying without hesitation. The bank has a surplus of $40,000 and a capital of $350,000.