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BEGIN TODAY TO REORGANIZE LANC. TRUST Business And Banking Leaders In All-Night Session Decide To Act TO PUT IN MILLION Outstanding business and banking leaders of the city after remaining in session from p. m. on Monday until m. this Tuesday morning worked out plan by which the reorganization the Lancaster Trust Company. 36 North Queen street, (first block) hard hit by seepage of deposits for three months and slight run yesterday. will be effected within day or two it is hoped. The business and banking leaders who worked the plan of reorganization after an all night session are follows: John Evans, Henning W. Prentis, Col. Hale Steinman, John E. Malone, Charles G. Baker. John Coyle, S. T. Roberts Appel, F. Lyman Windolph. Carl Widmyer. Herbert W. Joseph Breneman, Dr. John L. Atlee, Charles B. Long, B. Hull. William Neuhauser, John C. Carter, K. Hostetter, Robert C. Zecher. John L. Ruth, Penrose H. Ruhl, Ira H. Bare and Suter The need for the reorganization of the Lancaster Trust Company became apparent after run on the bank Monday during which time the bank served notice its depositors that the sixty day against savings deposits positors allowed to draw out $100 and certificate of deposit holders were advised that they could collect their certificates only when they The result of this order aided by the rumors which had since the Agricultural Trust Company closed added to confusion the officers Lancaster Trust Company felt that would useless to open the this morning as there was sure run would the of the and make its future The plan the reorganization that will under today calls the raising of new capital and the reorganization of the officers and Board of Directors include of the city's wealthiest men. At the last night approxi$200,000 was includthe Armstrong Cork ing of was freely predicted that before the day over that million and one-half dollars will be million subscribed add large sets of Trust Company. This will Trust Company to reopen with ample on hand meet contingency that may arise either immediately or in the future The last statement of the Lancaster Trust company, as on January follows: Resources Cash on hand and banks collateral loans Bonds other Mortgages and Office building vaults, Other real estate Other assets and Customers' liability on letters of credit. etc. $60. Total resources Liabilities Capital $280,030.00; 777.76: Due to payable and acceptances executed letters credit issued, etc. Total liabilities $14,496,474.29. Trust Funds Personal funds and trust funds corporate The officers of the bank are: the John President H. Board: John Fred Hartman, Homsher Vice President and Trust Officer: Ira Treasurer: Witmer. Assistant Treasurer: W. Alexander. Assistant Treasurer: Frank Summy Assistant Treasure: Assistant Trust OfH. Estate Officer: ficer: Ralph directors John The H. Ruth Ralph Hull, Fred Homsher, Charles Long.