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place an exact date for such an event Under ordinary conditions, he said, the Union Trust Company could have met the demand, but at the present time and under existing apprehension the result of an unusual run which threatened their institution would have been very disas trous. He said that the time which was gained by the suspension and the appointment of temporary receiver would aid greatly in restor4 ing confidence. Pawtucket, R. I., Oct. 25.-Following the post= ing of the ninety-day notice to depositors by the local branch of the New England Trust Com pany, of Providence, and the closing of the Cent tral Falls branch of the Union Trust Company to-day, runs were started on all the banks in Pawtucket. Many depositors appeared at the Slater Trust Company's building, and the local branch of the Industrial Trust Company, of Providence. The number of withdrawals of ac counts at the County Savings Bank and the Pawtucket Institution for Savings was not SO large as at the trust companies. With the exq. ception of the New England Trust Company, all the banks in the city met the demand without difficulty. Boston, Oct. 25.-The stability of Boston trust companies has been satisfactorily proved by an official test made two days ago, according to announcemvent made to-day. It is learned that on Wednesday Pierre Jay, chairman of the board of state bank commissioners and exam iners, who is in charge of the trust companies in this city, made an unexpected call on all the trust companies and found the actual reserve fund 26.76 per cent and the legal reserve 24.47 per cent. The latter figure was 1.47 per cent higher than the legal reserve on October 21, 1906
