Bank of New England (Manchester, NH)

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New England Banks Going

MANCHESTER, N. H., July 24.-The National Bank of the Commonwealth will suspend payment to-morrow morning. This action was determined on at a meeting of the directors to-night, and the national Controller was notified. Its assets and liabilities are about $625,000; deposits, $310,529; capital stock, of the The suspension $200,000. New Hampsbire Trust and Bank of New England precipitated the Commonwealth's suspension. The Bank of New England, which suspended this afternoon, had a capital of $100,000, and its officers say depositors will lose nothing. The savings banks of the city have voted to demand the ninety days' notice authorized by law on all withdrawals of over $100. The five remaining national banks will also stand by each other and establish a sort of clearing house arrangement for mutual protection.

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MORE BANKS IN TROUBLE

New Hampshire Concerns Yield to the Pressure. TWO IN MANCHESTER FORCED TO SUSPEND PAYMENT. One Is the Bank of the Commonwealth With Assets and Liabilities of About $650,000-The Officers of the Other, the Bank of New England, Say Depositors Will Not Lose - Savings Banks Demand Notice of Withdrawals. MANCHESTER, N. H., July 24.-The National Bank of the Commonwealth will suspend payment tomorrow morning. This action was determined on at a meeting of the directors tonight. The national comptroller was notified. The bank was the youngest of the six national banks here. It had risen to be second in the amount of deposits. Its assets and liabilities are about $650,000; deposits, $310,529; capital stock, $200,000. The suspension of the New Hampshire Trust Company and the Bank of New England precipitated the Commonwealth's suspension. The Bank of New England, which suspended this afternoon, had a capital of $100,000. Its officers say the depositors will lose nothing. The savings banks of the city have voted to demand the 90 days notice authorized by law on all withdrawals of over $100. The remaining national banks will stand by each other, and establish a clearing house for mutual protection.

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The New Hampshire Panic

MANCHESTER, N. H., July 25.-The Nalional Bank of the Commonwealth suspended payment this morning. This action was determined on at a meeting of the directors last night, and the national comptroller was notified. Its assets and liabilities are about $625,000; deposits, $310,529: capital stock, $200,000. The suspensions of the New Hampshire Trust company and Bank of New England precipitated the Commonwealth's suspension.

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New Hampshire Bank Failures

Withdrawal of deposits compelled the Security Trust company of Nashua, N. H., to close its doors. It will pay all liabilities. The capital and surplus amount to $250,000. Bank Commissioner James C. Lyford served the papers last Saturday evening, closing the doors -of the New Hampshire Trust company of Manchester, N. H. This action was taken after full consultation with the officers of the institution, and for the protection of its depositors and creditors. The proceedings were similar to those pursued in the case of the Security Trust company of Nashua, with the expectation that the suspension of business will be but temporary. They were simply of a precautionary nature, enabling the institution to realize cash from the assets, without sacrificing them in a falling market. The company has a paidup capital of $500,000. The bank of New England and the National bank of the Commonwealth of Manchester suspended Monday. The former had a capital of $100,000 and the latter $200,000. It is thought that there will be no loss to depositors.

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BRIEFLY TOLD

The American national bank of Nashville, Tenn., has suspended. A black steam vacht is reported aground near Herring Gut. The suspended Bank of New England of Manchester can pay in full and then have 10 per cent surplus. About $20,000 worth of the People's Fire Insurance Company's missing securities have turned up. Ex-President Harrison is the guest of his daughter, Mrs. McKee at Beverly, Mass. The President has granted a pardon to Peter J. Claassen, the New York banker who helped to wreck the Sixth National bank, and who was sentenced to six years' imprisonment in March, 1891. It is reported that Secretary Herbert and Miss Sally Brown, youngest daughter of ex-Senator Joseph E. Brown of Georgia, are engaged to be married. Miss Brown is on the sunny side of 30 and a woman of literary tastes and many social graces. Her father is worth $10,000,000. At Liverpool, England, Wednesday, the Allan line steamship company got $1,000 damages in a libel suit against Joseph H. Wilson, M.P., and secretary of the National Seaman's union for issuing placards reflecting upon the management of the company and the safety of the Allan line steamers.

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New England Bank All Right

Manchester, N. H., Aug. 11.-At a meeting of the directors of the suspended Bank of New England Bank Commissioner Lyford stated that a careful examination of the institution had revealed no discrepancies, and that if the assets could be realized upon not only would the depositors and stockholders receive every dollar, but a surplus of at least 10 per cent would remain.

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WILL PAY IN FULL

MANCHESTER, N. Hi Aug. i1.-At meeting of the directors of the suspended Bank of New England Bank Commissioner Lyford stated that a careful exam ination of the institution had revealed no discrepancies, and that if the assets could be realized upon not only would the depositors and stockholders receive every dollar, but a surplus of at least 10 per cent would remain.

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New England Bank All Right

MANCHESTER, N. H., Aug. 11.-At a meeting of the directors of the suspended Bank of New England Bank Commissioner Lyford stated that a careful examination of the institution had revealed no discrepancies. and that if the assets could be realized upon not only would the depositors and stockholders receive every dollar, but a surplus of at least 10 per cent would remain.

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To Resume Business

MANCHESTER, N. H., Aug. 31.-At a meeting of the directors of the suspended Bank of New England, a report was made that the assets were sufficient to pay depositors and stockholders in full and have a surplus. The bank will resumein a few weeks.

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Bank of New England to Resume. MANCHESTER, N. H., Aug. 31.-At a meeting of the directors of the suspended Bank of New England, a report was made that the assets were sufficient to pay depositors and stockholders in full and have a surplus. The bank will resumein a few weeks.

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To Resume Business

MANCHESTER, N. H., Aug. 31.-At a meeting of the directors of the suspended Bank of New England, a report was made that the asse were sufficient to pay depositors and stockholders in full and have a surplus. The bank will resumein a few weeks.

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WILL RESUME

s Manchester, N. H. Special-At meeting of the directors of the suspended Bank of New England to-day a report was made that the assets were sufficient to pay depositors and stockholders in full and have a surplus. The bank will resume in a few weeks, the exact time being contingent on the condition of the money market.