1.
October 15, 1915
The Topeka State Journal
Topeka, KS
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SING SING BANK FAILS Run Discloses Insolvency of New Convict Enterprise, Ossining, Oct. 15.-The Sing Sing prison savings bank has suspended payment after an existence of five days and today the prisoners are mourning the loss of the token money they had deposited. An excess of loans without security, followed by unsuccessful gambling by the borrowers wrecked the bank. The plan of using "token money" in the prison was put into effect last Friday and each prisoner was paid $2 for two days' work on Saturday. Financiers among the convicts promptly started a savings bank and many prisoners deposited their savings. Warden Osborne notified the prisoners Tuesday morning that they must pay forty cents a day in the "tokens" for their board. There was a run on the prison bank which revealed the fact that its funds had been dissipated by bad loans. The warden ordered the bank dissolved. A depositors' committee has been appointed to save all possible from the assets and the Mutual Welfare league is expected to put the bank's officers on trial for malfeasance.
2.
October 15, 1915
The Daily Telegram
Clarksburg, WV
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PRISON BANK Goes to the Wall after an Existence of Five Days and Officers Will Be Tried. (RY ASSOCIATED PRESS) OSSINING, N. Y., Oct. 15.-The Sing prison savings bank has suspended payment after an existence of five days. An excess of loans without security followed by unsuccessful gambling by the borrowers wrecked the bank. A depositors' committee has been formed to save all possible from the assets and the Mutual Welfare League is expected to but the bank's officers on trial for malfeasance,
3.
October 15, 1915
The Oklahoma City Times
Oklahoma City, OK
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SING SING BANK BROKE IN HURRY Savings Bank Scheme Among Prisoners Hits Rocks After Five Days' Trial SSINING, N. Y., Oct. 15.-The o Sing Sing prison savings bank has suspended payment after an existence of five days and today the prisoners are mourning the loss of the "token money" they had deposited. An excess of loans without security followed by unsuccessful gambling by the borrowers wrecked the bank. The plan of using "token money" In the prison was put into effect last Frl. day and each prisoner was paid $2 for two days' work on Saturday Flnanelers among the convicts promptly started a savings bank and many prisoners deposited their savings. Warden Osborne notified the prisoners Tuesday morning that they must pay forty cents a day in the "tokens" for their board. There was I run on the prison bank, which rerealed the fact that its funds had been dissipated by bad loans. The warden ordered the bank dissolved. A depositors' committee has been appointed to save all possible from the assets and the Mutual Welfare engue is expected to put the bank's officers on trial for malfeasance,
4.
October 15, 1915
The Evening Herald
Albuquerque, NM
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SING. SING BANK BLOWS UP IN FIVE DAYS [By Evening Herald Leased Wire] Ossining, N. Y., Oct. 15.-The Sing Sing prison savings bank has suspended payment after an existence of five days and today the prisoners are mourning the loss of money they had deposited. An excess of loans without security. followed by unsuccessful gambling by the borrowers wrecked the bank. The plan of using "token money" in the prison was put into effect last Friday and each prisoner Was paid $2 for two days' work on Saturday. Financiers among the convicts promptly started a savings bank and many depositors deposited their savings. Warden Osborne notified the prisoners Tuesday morning that they must pay forty cents a day in the "tokens" for their board. There was a run on the prison bank which revealed the fact that its funds has been dissipated by bad joans. The warden ordered the bank dissolved. A depositors' committee has been appointed to save all possible from the assets and the mutual welfare lengue is expected to put the bank's officers on trial for malfeasance.
5.
October 16, 1915
Omaha Daily Bee
Omaha, NE
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Unsecured Loans Wreck the Sing Sing Prison Savings Bank OSSINING, N. Y., Oct. 15.-The Sing Sing prison savings bank has suspended payment after an existence of five days, and today the prisoners are mourning the loss of the "token money" they had deposited. An excess of loans without security, followed by unsuccessful gambling by the borrowers, wrecked the bank. The plan of using "token" money in the prison was put into effect last Friday and each prisoner was paid $2 for two days' work, Saturday. Financiers among the convicts promptly started a savings bank and many prisoners deposited their savings. Warden Osborne notified the prisoners Tuesday morning that they must pay 40 cents a day in the "tokens" for their board. There was a run on the prison bank, which revealed the fact that its funds had been dissipated by bad loans. The warden ordered the bank dissolved. A depositors' committee has been appointed to save all possible from the assets and the Mutual Welfare league is expected to put the bank's officers on trial for malfeasance.
6.
October 21, 1915
River Falls Journal
River Falls, WI
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Prison Savings Bank Suspends. Ossing, N. Y., Oct. 19.-The Sing Sing prison savings bank has suspended payment after an existence of five days and the prisoners are mourning the loss of the "token money" they had deposited. An excess of loans without security followed by unsuccessful gambling by the borrowers wrecked the bank. The plan of using "token money" in the prison Was put into effect last Friday. Financiers among the convicts promptly started a savings bank and many prisoners deposited their savings.