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RUIN. GREASED The City Bank of Rochester, N.Y., Compelled to Close Its Doors. The Funds Used by Its Oil Truly Good President in Heavy Speculations. Something Like $330,000 Missing, Yet. and the Returns Not All in Great Indignation of the Losers by the Failure. 21 -The City bank, ROCHESTER, N. third Y., Dec. strongest in Rochester, The doas doors the yesterday morning. is said throughout the excitement people in closed Great ficiency rated its prevails to approximate of poor $500,000. city has the because of the interest No investigation suspended institution. cause of the failure, but taken place as claimed to the that Charles E. Upton, in oil stock speculations. used it president is freely of the bank, has lost heavily $350, and Investigation shows that with Upton which to carry oil his peculations 000 of the bank's money The bank held $500,in Upton paper. 000 on of deposits and the $800,000 Western New York bank. Episwas treasurer of and had its funds in had his large copal The small diocese, sa vings Upton. banks All of over the city the city the deposits with is inteuse and of increasing the bank and state one directors, excitement J B. Perkins, attorney makes the considered followi the bank of the "A month ago of the I failure was bank specu- by ment: sound The cause the funds of in the oil lately, speculated of President lation with C. E. Upton, to the amount barrels of 200,000 hundeal who dreds has of said, thousands for himself connected and a great with the a more bank. Two or three barrels, for he other parties weeks not ago there from was the heavy fall in prices. He took money after that bank to carry were formed been thrown out by of the City bank had bank, of New found the directors Exchange this. Immediately and that York the checks every- make owed We the commenced American investigationished We Upton he to thing in confusion. and he finally said of the value of a statement, and had property agreed to secure about $20,000 which he was indefinite as about bank His debt, and there mysel the amount $15,000, of the statement P. Ross and was the appar- Amer- went inthe equivocation. saw L the officers of us such ent to New Exchange York and bank They and advised gave us to what try ican formation as they could, through came and get back in money we money we with Sunday got in what furnish meeting tried and carry to Upton could ourselves At We to could execute ready var- and but We of money the directors Mr. Upto on Monday agreed at 10 the o clock, directors ious conveyances Tuesday morning to go on with the did to subscribe Mr Upton step strength then business, amount We met again in the thinking agreed not do that and it let good $100,000 would and out, it at was Mr. we or 3 keep the bank the afternoon, board that in his Upton then o'clock stated liabilities in to those the of bank the other then own Upton's name represented and $333,000 property, which $50,parties a mortgage on in some value between from the perhaps executed may $100,000. aggregate We the nderstand deposits that amount the Dou and made us that $100,000, and which, statement numbers to of paper, considered the bank bank holds account at face close value in round about Upto $800,000 we its the outside would have of had been not been compelled bank to is H.C. doors." of the directors the Continent of inental the hotel failure yesRoberts. fternoon. unexped He expected He there might terday Another altogether He was cause for at it, said institution. excepting that could President oil con- at 80 was of no on the barrels of ceive have been had a bought run 600,000 have sold $180,000, at $11. 11, but giv- he cent which profit of about per barrel, ing him to hold on for are about 84 still the latest said, margin good; the extent but of Mr. chose Upton Roberts quotations a he might Upton's knowing $1.20 would cents. decline while make This, he President thought the depositors, operations and oil the market, bePresident Upton' place in the run on the bank. which alarmed and it is learned him at From other large quantity that he is ton came had has taken sources however, made says "put" the accommod on that odations Mr. positive $1.30. $25, UpMr. Roberts, Mr. Upton bank did not tc a have larger has sum a than capital of that from his own The City bank without any will cir000 $200,000, or and is iabilities to its all of which, amount to thinks, about will be paid of in age. full. His culation. $30,000. Its $1,000,000 state bank, depositors other repu- Mr. Roberts Upton is about 50 been years good. Among the office of has always trust he holds Episcopal diocese all his possurer of the He has represent To-day a of New in his own dated April was Prefiled purportion he property positions tation property York was of Protestant to be name. sented to The his that 20, indig- 1882, wife deed the among Upon in which valued at $30,stockholders refuses and though nation depositorviewed, is and great Cashier found Barnard, No one the seems bank. in to be the hnow city, anything can not about ascertain be the the the books of names heaviest of yet the It to is impossible to Among Savings bank $50,000, 314,heavy are the Savings about $22,000. in a 000; Monroe Monroe county Upton will be learned and probable creditors County that East-Side treasurer was bauk, a arrested member of It is and Driving few Upton days. is a fast club, liver, the Rochester ntlemen' RochAssociation, of the the Rochester backers 1878 of the and club one club in in the ester held the fizzle the contest and Drivingase-Ball the Park rowing stakes and wherein to famous Court- decide 1879, Chautauqua boat apeated was in wed Washington Another bit be of of ney's had to be the $6,000 erally prize. known failure. will Last Upton's who owned history connect ection not general with the several the Rochester to bull handsomely winter interest he in was form one and railroad of enter a stock syndicate and realize bankers Hannibal to & St. by heavy Joe speculation.