19013. Barre Savings Bank & Trust Company (Barre, VT)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
trust
Start Date
November 20, 1920
Location
Barre, Vermont (44.197, -72.502)

Metadata

Model
gpt-5-mini
Short Digest
2398aece8c1fd4fd

Response Measures

None

Description

Contemporary articles describe a brief run triggered by unauthenticated rumors; the State Bank Commissioner closed the bank Nov. 22, 1920 and a receiver was appointed Nov. 23, 1920. The institution remained in receivership and assets were later disposed of; president Frank G. Howland was later convicted of embezzlement. The sequence is run → suspension/closure → receivership/asset disposition, matching run_suspension_closure.

Events (3)
1. November 20, 1920 Run
Cause
Rumor Or Misinformation
Cause Details
Unauthenticated rumors about the bank's financial condition prompted several days of withdrawals; articles state the run began a few days before Nov. 22 and continued through Friday and Saturday.
Measures
Officials invoked the state law clause requiring 60 days' notice for withdrawal of savings funds (invoked when run intensified).
Newspaper Excerpt
the bank had been subjected to a run during the past few days following the spreading of unauthenticated rumors concerning the bank's financial condition.
Source
newspapers
2. November 22, 1920 Suspension
Cause
Government Action
Cause Details
Closed by State Bank Commissioner George B. Carpenter after examination following the run; commissioner took possession and suspended operations.
Newspaper Excerpt
The Barre Savings Bank and Trust Co. was closed today by State Bank Commissioner Carpenter after a hasty examination of the books.
Source
newspapers
3. November 23, 1920 Receivership
Newspaper Excerpt
Judge Stanley Wilson today appointed State Bank Commissioner G. B. Carpenter as receiver for the Barre Savings Bank & Trust Co. which was closed by the commissioner yesterday following a run. Immediately on qualifying for the position Mr. Carpenter will begin a minute examination of the accounts.
Source
newspapers

Newspaper Articles (21)
1. November 22, 1920 The Brattleboro Daily Reformer Brattleboro, VT
Article from The Brattleboro Daily Reformer, November 22, 1920

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AT LEAST 25 KILLED AND 100 WOUNDED IN FIGHTING AT DUBLIN Savings Bank at Barre British Government May MAY INTERVENE Closed This Morning Send Additional Troops Into Ireland - News of BARRE, Nov. 22. - The Barre Attacks and Casualties Savings Bank and Trust Co. was IN ARMENIA closed today by State Bank ComComes Slowly - Trouble missioner Carpenter, after a hasty examination of the books. He ofStarted By Gangs AssasCouncil of League of Na fered no statement by way of exinating Government Offiplaining his actions. The bank had tions Adopts Resolution been subjected to a run during the cials to Stop Hostilities past few days, following the spreading of unauthenticated rumors conLATER CROWD IN cerning the bank's financial condiWARM DEBATE tion. PARK ATTACKED

2. November 22, 1920 The Caledonian-Record Saint Johnsbury, VT
Article from The Caledonian-Record, November 22, 1920

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CLOSES BARRE BANK AFTER RUN ON INSTITUTION BARRE. Nov. 22-The Barre Savings Bank and Trust Co. was closed today by State Bank Commissioner Carpenter after a hasty examination of the books. He offered no statement by way of explaining his action. The bank had been subjected to a run during the past few days following the spreading of unauthenticated rumors concerning the bank's financial condition.

3. November 23, 1920 The New York Herald New York, NY
Article from The New York Herald, November 23, 1920

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VERMONT BANK CLOSED FOLLOWING BRIEF RUN Barre Savings Institution Had $1,832,234 Deposits. BARRE, Vt., Nov. 22.-The Barre SavIngs Bank and Trust Company was closed to-day by the State Bank Commissioner, George P. Carpenter, after a hasty examination of the books. He offered no statement/by way of explaining his action. For several days the bank had been facing a run which started from unauthenticated rumors regarding its condition. On Friday all requests for withdrawals were met. On Saturday when the run continued the officials decided to invoke the clause of the banking law permitting them to require sixty days' notice of desire to withdraw savings funds. The last general statement of the condition of the bank on September 1, 1920. showed: Deposits, $1,832,234.80; capital stock. $50,000 ; surplus fund reserved, $67,000; certificates of deposit, $96,781.37; treasurer's checks, $65,066.65 ; bills payable, $112,500; loans on real estate in Vermont, $842,471.50; loans on real estate elsewhere, $41,300: loans on personal security, $488,458.41; all other collateral loans $288,771.57; loans to towns, villages and school districts, $7,000; United States bonds, certificates of indebtedness and war savings stamps, $261,584.94: foreign government bonds, $53,653.33; municipal bonds, $21,000; due from banks, $48,044.98; cash on hand, $36,105.26. The president of the Barre Savings Bank and Trust Company is Frank G. Howland, who has been in the bank business in Barre for about forty years. He was State Senator from Washington county in the last Legislature.

4. November 23, 1920 The Brattleboro Daily Reformer Brattleboro, VT
Article from The Brattleboro Daily Reformer, November 23, 1920

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RECEIVER IS NAMED. Bank Commissioner to Conduct Barre Savings Bank and Trust Co. BARRE, Nov. 23.-Judge Stanley Wilson today appointed State Bank Commissioner G. B. Carpenter as receiver for the Barre Savings Bank & Trust Co. which was closed by the commissioner yesterday following a run. Immediately on qualifying for the position Mr. Carpenter will begin a minute examination of the accounts. He stated that the examination would require probably a month.

5. November 23, 1920 The Barre Daily Times Barre, VT
Article from The Barre Daily Times, November 23, 1920

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RECEIVER'S BOND FIXED AT $50,000 Work of Appraising Assets and Verifying Bank Accounts Will Require a Month, After Which the Receiver Will Proceed to Distribution of Funds. State Bank Commissioner George B. Carpenter to-day applied to Judge Stanley C. Wilson in chancery for the appointment of a receiver for the Barre Savings Bank and Trust company. Judge Wilson came to Barre from Cheisea to hear the petition. and, acting under the provisions of the statutes, he appointed Mr. Carpenter to be the receiver, and fixed his bond at $50,000. Mr. Carpenter took possession of the bank immediately and the bank will remain closed until such time as he has had an opportunity to appraise all of its assets and to verify all the bank's accounts. It will be at least a month before the receiver will have completed these tasks. When this is done he will proceed under strict orders of the court in the distribution of the funds of the bank In the meantime all persons having interests in the Barre Savings Bank and Trust company bank should consult the bank commissioner or the other Barre banks before taking any action whatsoever. Bank Commissioner Carpenter stated to-day that all the other banks in Barre had offered their assistance, but it was deemed inadvisable to accept the offers at this time. The run that caused the closing of the Barre Savings Bank and Trust company was confined solely to that one bank. The Barre Savings Bank and Trust company began doing business Feb. 27, 1893, in the old National bank building at the junction of Main and Elm streets. Its present board of directors are F. G. Howland, M. E. Howland, A. H. Burke, F. C. Bancroft and C. F. Millar.

6. November 23, 1920 The Bennington Evening Banner Bennington, VT
Article from The Bennington Evening Banner, November 23, 1920

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SAVINGS BANK IS CLOSED BECAUSE RESERVE TOO LOW Barre Savings Bank Closed by Commissioner OF DEPOSITS $1,536,000 Details Unknown but Probable That Overdue Notes to Granite Men Crippled Bank. Barre, Nov. 22. George B. Carpenter, bank commissioner at 2 o'clock this afternoon closed the Barre Savings Bank and Trust company, following a partial examination of the bank's financial standing Mr. Carpenter took over the bank's management as provided by the general laws. Early last week unauthenticated rumors were spread in Barre and vicinity concerning the condition of the bank and on Friday a small run occurred. Saturday the run continued until 10 o'clock when the demand was SO great that the bank officials invoked the 60-day clause of the state bank ing law requiring that a notice be given before a deposit could be withdrawn. Bank Commissioner Carpenter was notified and this morning commenced the investigation of the bank's finances. As soon as that is completed, a public statement will be made. While no figures were given out, it is rumored that the run amounted to $150, 003 The total resources of the bank are $2,223,582.82 as shown by the bank's report to Mr. Carpenter on September 8. The liabilities are: Capital paid in, $50,000; surplus from reserve, $67,000; savings deposits, $1,536,910.43 certificate of deposit, $96,781.37; commercial deposits, $295,324.37: treasurer's checks, $65,066 65; bills payable $112,500. Bismark, N. D. Nov. 22.-Three more banks were added today to the string of North Dakota financial institutions that have closed their doors in the past six day due to depletion of their reserves which officials say is due to failure of farmers to meet notes held by the banks. The Farmers' State bank of Belfield, the State Bank of Killdeer and the Security State bank at Columbus closed today, making nine since the tain first of the week.

7. November 24, 1920 The Barre Daily Times Barre, VT
Article from The Barre Daily Times, November 24, 1920

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EXAMINING ACCOUNTS. Receiver for Barre Savings Bank and Trust Co. Makes No Statement. Bank Commissioner George B. Carpenter. acting as receiver through appointment by Judge S. C. Wilson. was engaged to-day in examining the accounts of the Barre Savings Bank and Trust company, being assisted in the work by several members of his office staff, and with members of the bank staff assisting when called upon. He was not prepared to-day to issuer a statement.

8. November 24, 1920 Daily Kennebec Journal Augusta, ME
Article from Daily Kennebec Journal, November 24, 1920

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RECEIVER NAMED FOR BANK CLOSED IN BARRE, VT. Barre. Vt. Nov. 24-Judge Stanley C. Wilson today appointed State Bank Commissioner George B. Carpenter as receiver for the Barre Savings Bank and Trust Company, which was closed by the commissioner yestenday following a run. The receivers's bond was fixed at $50,000 Immediately on qualifying for the position, Mr. Carpenter will begin a minute examination of the accounts of the bank. checking up the assests and verifying the accounts. He stated today that the examination would require at least a month. When the work is completed be will proceed under strict orders of the court to distribute the assets of the bank to the lawful claimants. Known locally as the "home of the Christmas club," this bank last December paid approximately $42,000 in checks to depositosr. The new club this year. with deposits ranging from $5 to $125 for the 50 weeks, will no doubt reach this figure at least.

9. November 26, 1920 The Bridgeport Times and Evening Farmer Bridgeport, CT
Article from The Bridgeport Times and Evening Farmer, November 26, 1920

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Short And Crisp Nine types of American farm tractors were entered in the International Farm Tractor Exhibition held in Rome. Canada announces a fifty per cent. increase in immigration. The British Isles furnish most of the newcomers. According to news from Baltimore, garment workers in that city face a long period of unemployment. Many manufacturers are said to have cut down work to a day basis. The relaxation in the iron and steel trade continues. It is etsimated, however, that the mills are operating at 80 per cent. of their capacity. The total of cars loaded with commercial freight in the week ending October 9 reached 1,009,787. Bank Commissioner Carpenter of Vermont was appointed receiver of the Barre Savings Bank & Trust o°C., which was closed after a run. Continued adherence to the Third Internationale of Moscow was decided upon by the conference of extreme Socialists in conference at Florence, Italu

10. December 2, 1920 The Bennington Evening Banner Bennington, VT
Article from The Bennington Evening Banner, December 2, 1920

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Occasionally in years past we have heard promoters of young and struggling business in Bennington grumble because the local banks were so tight fisted in loaning money. Undoubtedly they all sometimes are for banking almost always develops extreme conservatism in the man who follows it to the higher and most responsible circles. Then, too, they occasionally see other banks in trouble through not being conservative enough. Apparently this is what has happened in Barre where the Barre savings bank and trust company has been closed by the bank ecmmissioner. Only an incomplete preliminary statement has been issued but it shows that the trust company had exceeded the legal limit in loaning money to several granite manufacturing firms. In other words the bank is wrecked through carrying local business beyond its financial strength. The war was hard on the granite business For five years the granité, trade has had hard sledding and loan risks that were good five year. ago have been run ning behind, increasing their borrow. ings and, perhaps, defaulting their payments. The bank carried them and now finds its back broken by the load. During the past three weeks seventeen banks in North Dakota

11. December 15, 1920 The Barre Daily Times Barre, VT
Article from The Barre Daily Times, December 15, 1920

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PAYMENT BEING MADE ON CHRISTMAS CLUBS Board of Trade Had Received $20,350.05 Verified Accounts This Morning and Had Checks Ready. The distribution of checks on the Christmas Savings club of the closed Barre Savings Bank and Trust company began at the city court room this morning at 9 o'clock, at which time a' total of $20,350.05 due to depositors had been verified by the bank receiver and made ready for payment, that amount being one-half initial payment through the Barre Board of Trade as clearinghouse and with the guarantee of the other three banks of Barre. The remainder of the accounts, for which, deposit books were presented in the time limit expiring last night, will probably be ready by to-morrow morning, these last representing the accounts presented Monday and Tuesday of this week. There was no rush this morning to get the checks, the depositors apparently feeling absolute security and therefore, being in no hurry to cash in. The clerks working under Secretary Drew of the Board of Trade were kept only moderately busy this morning. The depositors who have come in under this arrangement are eminded that the time limit for payment is Dec. 24.

12. December 18, 1920 The Barre Daily Times Barre, VT
Article from The Barre Daily Times, December 18, 1920

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TALK OF THE TOWN Presbyterianş! Let's "go over the tope"-adv. A nice collection of Wallace Nutting pictures at Bell & Houston's.-adv. Extra fancy oranges at especially low prices at Marchetti's Fruit Store. -adv. Have you seen the great variety of home-made gift articles at the woman's exchange, 24 Elm street?-adv. The new Reo six touring car and the Reo truck are on display at the Palace garage, 308 North Main street.--adv 1921 calendars with beautifully hand painted scenes of Vermont on sale at Cummings and Lewis' for 65e and 75c. -adv. Dance, Montpelier armory, every Saturday night. Carroll's orchestra. Special car to Barre after the dance.adv. Mrs. Katherine Lawliss and daughter, Clara, left last night for Holyoke, Mass., where they will spend the holidays. Maccabees, attention! Pratice meeting of officers and guards for installation Monday evening at 7 o'elock sharp. Don't forget, music rolls, bags, cases, violins, bows, ukeleles and mandolins for Christmas at Bailey's Music Rooms. --adv. Clarence Rogers, a sophomore at Middlebury college, is passing the Christmas vacation with his parents, Mr. and Mrs. Frank G. Rogers, of 18 Richardson street. Vermont is second to no other state in natural scenery and color values and that is just what we are showing you in sepia prints at Cummings and Lewis' at the low price of $1.-adv. The five eighth grades of the Spaulding school collected the sum of $42.34 to send to the starving children of Europe, instead of having the usual Christmas celebrations in their rooms. Store will be open every evening till Christmas. A new assortment of Goddard and Spaulding rings just received. Special price on diamonds mounted on green gold with platinum head and otherwise. F. E. Burr. Salvation Army-Sunday services— Holiness 9:45 a. m. Sunday school at 10:30 a. m. Prayer and praise at 3 p. m. Y. P. Legion, 6 p. m. Power house, 6:45 p. m. Salvation service, 8 p. m. Other services Tuesdays, Thursdays and Saturdays. All welcome. The retail stores, members of the Barre Retall Merchants' association, Inc., will observe the following closing hours Christmas week: Monday and Tuesday at 5:30 p. m., as usual; Wednesday and Thursday at 9 p. m.; Friday at 10 p. m.; closed Saturday. Christmas day. E. M. Lyon, Pres., Frank W. Jackson, sec'y. Notice: The Quarry Savings Bank & Trust Co. will be pleased to assist depositors of the Barre Savings Bank & Trust Co. in proving their claims against that institution. May we suggest that books be left with us to be presented to the receiver for proof? This will facilitate the work and relieve creditors of the necessity of their personal attention.-adv. Just returned from New York and Boston with a stock of dry goods to sell at the new low prices: Percales, light and dark, 36 inches wide, 25c; outing flannel, 36 inches wide, 25c; bleached cotton, 36 inches wide, 19c; unbleached cotton, 40 inches wide, 21c; bleached sheets, 82x90, each $1.75. Call and see our stock and prices. Barre Dry Goods Store, 343 North Main street. adv. Depositors of the closed Barre Savings Bank and Trust company who have left their pass books with the People's National bank are requested, if convenient, to come to the People's National bank and sign proof of claim as the books have been verified and now await signature of owners. If you have not already sent in your pass books, please do so at once and we will attend to all matters in connection with the filing of your claim.

13. January 3, 1921 The Brattleboro Daily Reformer Brattleboro, VT
Article from The Brattleboro Daily Reformer, January 3, 1921

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# Good Fellows. (Rutland Herald.) The sentence of Frank G. Howland, president of the suspended Barre Savings Bank and Trust company, of from four to seven years in state prison, closes a chapter of that institution that is far from agreeable and brings to an end the public and probably the business career of a man whose activities have been of a peculiarly widespread character. Twice member of the house of representatives, twice county senator, teller and cashier of the National bank of Barre, president of a mutual insurance company, trustee of the city hospital and library, justice of the peace and finally head of the institution with which he brought his banking career to an ignoble close, the positions of trust which Howland held are simply astounding in the light of his subsequent history and his recent confession and sentence. Almost every community at some time has witnessed the career of some such man, implicity trusted by his fellows, elevated to exalted position, treated with respect and honor, yet, in the glare of some exposure, proven absolutely unworthy of trust and confidence. One's faith in human nature needs to be fortified by the example of the hundreds and thousands who never lapse from honor and integrity, as compared with the few, comparatively, who fail; otherwise, we might consider our civilization and our standards something of a failure. Coupled with the sentence of Howland, almost, is the remarkable finding of the Lamoille county jury in the Mudgett case and the prompt, probably exemplary sentence of 30 years (practically for life) imposed by Judge S. R. Moulton on the respondent whom the jury found guilty of one of the most atrocious crimes in the history of the county. Mudgett, according to the evidence, was clearly one of those pleasant-spoken, easy-going, well-fed "good fellows," popular with women, passing as a fairly good sort with men and yet entirely without anything resembling moral scruple where the code of sex was concerned. Just as men in hundreds of communities trust the Howlands of business, just so women seem to "fall for" men like Mudgett, and the more carelessly he wears his amorous chains the more completely some of them become involved. It would be hard to say how far Mudgett's adventures went among the women of one town alone, to say nothing about the fairly wide area over which his "jack of all trades" life has led him. One would say that a "grass widower" would to some extent advertise his irresponsibility of serious social ties, but not so with Mudgett. The printed-and unprintable-record of the case shows how completely and thoroughly he succeeded in fooling at least one unfortunate Amy Shonio paid the supreme penalty. How many more women were merely more fortunate but just as infatuated it would be hard to tell. Judge Moulton's sentence stands a something of an example to men of that type, and if, as most observers anticipate, the supreme court confirms it, the activities of one Lothario, at least, will

14. January 14, 1921 The Brattleboro Daily Reformer Brattleboro, VT
Article from The Brattleboro Daily Reformer, January 14, 1921

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MERRILL ESTATE SHORT. Barre Bank Receiver Makes Announcement in Probate Court. MONTPELIER, Jan. 14.-Still another chapter in the affairs of the Barre Savings Bank & Trust Co. was written yesterday when George B. Carpenter, receiver of the bank, stated in the probate court that there was a shortage of $4.500 in the estate of Amos I. Merrill. The estate amounted to about $30,000. The $4,500 is one of the counts upon which Frank G. Howland was recently sent to state's prison.

15. January 14, 1921 Middlebury Register Middlebury, VT
Article from Middlebury Register, January 14, 1921

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Trees Formed Cross Walter H. Preston of Bethel has cut two young beech trees which had grown together a few feet from the ground so as to form a perfect rectangular CFOSS as firmly put together as if securely glued or bolted. Apparently four or five years ago the tree forming the horizontal, which was rooted in a ledge near where the other tree grew vertically, had been forced against the vertical tree and held so tightly that it became incorporated with it, forming a real curiosity Mr. Preston has his cross preserved. Bank Executive Starts Prison Term Frank G. Howland was taken by Sheriff F. H. Tracy to Windsor Saturday to begin his four to seven years' term for embezzlement of funds of the Barre Savings Bank & Trust company. Mr. Howland. who has been in the custody of Beryl Clark, who was the treasurer of the concern, met Sheriff Tracy on the train at the Montpelier station, having come from Barre. It was expected that Mr. Howland would go to Windsor Friday, but there were a few matters which Mr. Carpenter, receiver of the closed Barre bank, wanted to inquire about, so at his request the respondent was not taken until Saturday.

16. April 4, 1921 The Barre Daily Times Barre, VT
Article from The Barre Daily Times, April 4, 1921

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BARRE SAVINGS BANK COMMITTEE NAMED To Act in an Advisory Capacity with the Receiver of the Bank-Montpelier and Barre Men on the Committee. The stockholders of the Barre Savings Bank and Trust Co. to the number of about a score met in Howland hall Saturday afternoon and talked over the situation affecting themselves in their relations toward the bank, with the result that a committee of five was appointed to act for the stockholders, creditors and others interested, in an advisory capacity with the receiver. This committee is f composed of Charles F. Lowe of Montpelier, Edward H. Deavitt of Montpelier, F. C. Bancroft of Barre Town, George A. Reed of Montpelier and Alfred A. Boyce of Barre. The committee was present, together with others. at a preliminary hearing before Judge Stanley C. Wilson in Attorney E. R. Davis' office this forenoon, at which time Receiver George B. Carpenter of the closed bank made a preliminary report but on which no'action was taken. Another hearing will be held later in the month.

17. August 1, 1921 The Barre Daily Times Barre, VT
Article from The Barre Daily Times, August 1, 1921

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# MONTPELIER Old and young folks' dance in the Worcester town hall Thursday evening, Aug. 4. Dancing from 8:30 to 1. Music, North Montpelier orchestra, four pieces. Hall bill, 75c per couple.-adv. Miss Margaret O'Grady has left for Burlington, where she will commence training to be a nurse at the Mary Fletcher hospital. George McKee, who was in an automobile accident, returned home yesterday. His jaw bone is setting in nice shape. Mrs. F. S. Carey and Mrs. C. A. Pitkin returned home yesterday, after passing a couple of weeks with friends and relatives at Zanesville, O. Because the Seminary hill car of the Barre and Montpelier Traction and Power company is not running, the persons who were on a car that was derailed at the car barn last evening had to walk to Montpelier, unless they were able to get a ride. It was one of the heavy cars so it took quite a while to replace it on the iron. The heavy rain of Sunday afternoon did a great deal of damage to crops. Reports from the Connecticut river valley are that the corn and oats were laid flat. In some instances the roads were considerably washed out. A quiet wedding took place in the Congregational church parsonage Saturday afternoon when Miss Gladys C. Strong and Carroll C. Hardigan of Montpelier were married by Rev. Charles N. St. John. The bride wore a traveling suit with hat to match and directly after the ceremony they left for a wedding trip that will include a visit in New York and Canada. The bride has not lived in Montpelier very long, having over a year ago commenced work in the office of the department of agriculture. She was employed in the food administration office when the work was done in St. Albans. The groom is a native of Montpelier, educated in the schools of the city and employed in the drafting office of the Lane Manufacturing company. They will reside at 5 Cemetery street. The rain of the last week and the change to colder weather has improved conditions in the streams so that the fishing should be improved, said Fish and Game Commissioner Sheldon today. It will also prevent many of the fish from dying. Miss Helen Bowman and Mrs. H. A. Bowman, her mother, have returned from a trip to York Beach, Ocean Park and Portland, Me. Miss Frances Getchell resumed her work in the agricultural office this morning. Miss Margaret Murtagh and Miss Margaret Corvin of the "Busy Store" commenced their vacation this morning. George Smith and Mrs. J. O. W. Galaise have resumed their duties at the Gleason store. The case of George B. Carpenter, receiver of the Barre Savings Bank & Trust Co. vs. Henry A. Phelps has been filed in county court. It is a foreclosure on property and like other cases filed, is the result of the closing of the bank. The case of William H. Ward vs Harry Daniels has also been filed. In city court this morning Carroll Gould of Wrightsville pleaded guilty to the charge of intoxication and was fined $5 and costs. Gould is also charged with driving an automobile while under the influence of liquor and to this charge he also pleaded guilty and the case will be continued to Sept. 1. J. O. W. Galaise resumed his duties at the Frank Adams store this morning. Miss Gladys Poland and Miss Arlene Susena of the McCuen store commenced their vacation this morning. Claude C. Fisher of the McCuen store is taking his vacation. J. A. Willcox left Sunday noon for Plymouth, Mass., where he will join Gov. Hartness, attending the pageant being given there. A meeting of the creamery inspectors will take place in the department of agriculture's office a week from today for a conference on creamery matters. Miss Katherine Spear left Saturday night for Walpole, Mass., where she will visit at her home for a month. Rev. F. J. Knapp has gone to Hempstead and Kingston, N. Y., to visit relatives for a month. The road mileage is being figured today in the state treasurer's office, after which the five per cent money will be allotted to the many towns in the state. Thomas H. Cave commences to-morrow a vacation from his work in the state treasurer's office. H. W. Marsette of Shelburne has commenced work in the state engineer's office. Miss Helen Heney has resumed work in the highway office, after a vacation passed at York Beach. H. A. Sheldon, fish and game commissioner, has received from Warden Flanders in Orange the report of three convictions for catching short trout. These are Wesley Berno, who paid $50 and costs; Mrs. Flossie Dunklin of Orange, who paid $20; A. C. Perry of Waterbury, who paid $15 and costs. He has also received a report from Enosburg that Earl K. Holmes was fined $25 and costs for a similar offense.

18. November 3, 1921 The Barre Daily Times Barre, VT
Article from The Barre Daily Times, November 3, 1921

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# QUARRY BANK # BUYS ITS HOME Transfer of the Howland Block Property Com- pleted To-day INCLUDES TWO HOUSES IN REAR Property Includes Former Quarters of Barre Sav- ings Bank The Quarry Savings Bank and Trust Co., came into possession of a home of its own when deeds were passed conveying to it the Howland block property on North Main street in which the bank has had quarters since it has been doing business in Barre. The property transferred includes, besides the How-land block, two houses at the rear of the block on Keith avenue. This is one of the largest estate transfers made in Barre for some time, and it gives to the Quarry bank the newest and finest business block in the city, besides good renting property on Keith avenue. The bank bought the property because it considered the property a good purchase and because of the fact that the bank had firmly established itself in the block. Negotiations have been carried on for some time looking to the purchase of the property, and a hearing was held Monday of this week before Chancellor Stanley C. Wilson at which the Quarry bank's offer was considered and finally approved. The hearing before the chancellor was necessary because of the interest which the Barre Savings Bank and Trust Co., through its receiver, held in the property. By the purchase, the Quarry bank comes into possession of two bank quarters, the former Barre Savings Bank and Trust Co. having been located in the north side of the building. Besides the quarters formerly used by the Barre Savings bank, the Howland block has two stores on the ground floor, offices on the second floor and the headquarters of the New England Telephone & Telegraph Co. on the second and third floors, together with the large hall on the third floor. The Quarry Savings bank has splendid quarters in the south of the building and will, no doubt, remain there.

19. February 21, 1922 The Barre Daily Times Barre, VT
Article from The Barre Daily Times, February 21, 1922

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POLICE VOLLEY FELLED MANY PEOPLE; ONE DEAD AND TWO BADLY HURT PROPOSED BANK After Three Strike SympaTRADE UP MARCH 2 BARRE WOMAN thizers Had Been ArrestOld Stockholders, Depositors, Receiver, Bombarded, the Crow New Bank Interests and National IS CLAIMANT , ed Police h Stones Surety Co. to Be Invited. and Thre Patrolmen A further hearing in the matter of To Million-Dollar Estate of the receivership of the Barre Savings d Down Were Kno Bank & Trust Co. was held before Mrs. Margaret Easton Chancellor Stanley C. Wilson at the banking rooms in the Quarry Bank of New York building yesterday and lasted until 6 LD TROOPS o'clock last evening. A long petition from A. H. Burke IN ARMORY FOR MRS. DOROTHY DAVIS and others, setting up the condition of affairs and the proposed proceedURGENCY CALL SAYS ARE 25 HEIRS inge to dispose of the assets of the old bank to a new corporation, was received by the chancellor and ordered printed. Her Uncle, Frank M. Tatro, When Riot Guns of Police Also a meeting of the general creditors and depositors of the bank was Had Previously Claimed called for March 2 in Quarry Bank Swept the Crowd Eight hall. Judge Wilson expressed the opinto Be Sole Heir ion that the old stockholders, the dePeople Fell and the Repositors, the receiver, the new bank interests and the National Surety commainder of the Crowd Waterbury, Feb. 21.-Another claimpany ought to be represented at the ant to the $1,000,000 or $1,500,000 propnext hearing, when it is hoped a trade Dispersed From Pawcan be effected for the transfer of the erty of the late Mrs. Margaret Easton old bank to a new organization. The of New York City has appeared in the tucket Streets hearing was adjourned until March 13. person of Mrs. Dorothy Davis of Barre,

20. March 14, 1922 The Barre Daily Times Barre, VT
Article from The Barre Daily Times, March 14, 1922

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BARRE TRUST CO.'S OFFER NOT ACTED ON Because Granite Savings Bank Desired to Examine Accounts of Barre Savings Bank. The offer of the Barre Trust company to George B. Carpenter, receiver for the Barre Savings Bank and Trust company, to take over the business of the latter bank and pay 100 cents on the dollar to depositors, including interest to Nov. 23, 1920, when the Barre Savings Bank and Trust company was closed, and to resume interest payment April I, 1922, was formally made at a hearing yesterday. Following the offer of the Barre Trust company, Attorney J. Ward Carver for the Granite Savings Bank and Trust company appeared before Chancellor S. C. Wilson and asked for a continuance of the hearing until the end of the week se that his bank might come in and examine the assets and liabilities of the Barre Savings Bank and Trust company to see if the Granite bank desired to make an offer for them. Other matters in connection with the Barre Savings Bank and Trust company occupied the attention of the chancellor during the greater part of the day so that the matter was not disposed of. The hearing was then adjourned at the request of the receiver for time and at the request of the directors of the Barre Trust company that the Granite bank be given time in which to examine the affairs of the Barre Savings Bank and Trust company, the date for the next hearing being set for Wednesday morning, March 15, at 10 o'clock.

21. March 25, 1922 The Barre Daily Times Barre, VT
Article from The Barre Daily Times, March 25, 1922

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# TO THE SUBSCRIBERS FOR CAPITAL STOCK IN THE BARRE TRUST COMPANY The directors of the Barre Trust company made a proposal in writing to the receiver for the purchase of all the assets of the Barre Savings Bank and Trust company of every description, including choses in action of all kinds, and including all assets acquired by the receiver in the conduct of his receivership. The receiver recommended the court having jurisdiction over the receivership that the offer be accepted. The committees representing the depositors, and the trust funds; and the committee representing the stockholders of the Barre Savings Bank and Trust company, severally recommended the court that the offer be accepted. And by the terms of the offer said stockholders are to provide a guaranty fund to secure the payment of certain loans held by the savings bank, and taken over by the trust company. To enable the directors to execute the contract on their part to be performed it is necessary that all the capital stock and surplus of the Barre Trust company be fully paid by the subscribers. By virtue of the authority given, and duty imposed by the charter of the Barre Trust company, the directors have appointed the third day of April, 1922, as the date for the payment of said subscriptions to the capital stock of said trust company; and request each subscriber to pay for the capital stock purchased, severally by them, on or before such date. City of Barre, Vermont, March 16, 1922. Per order of board of directors, Edward W. Bisbee, clerk.