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RECEIVERS FOR SOUTH CAROLINA BANK. Charleston. S. C., Nov. 26. -Judge Gage, of the Circuit Court, to-day appointed Frank I. O'Neil and Henry Bruist receivers of the Hibernia Trust and Savings Bank. The bank was organized in 1884 and was capitalized at $30,000. No other banks are involved
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Receivers Appointed. Charleston, S. C., Nov. 26.-Judge Gary of the Circuit Court, today appointed Frank I. O'Neill, (President) and Henry Buist receivers of the Hibernia Trust and Savings Bank. The bank was organized in 1884. and was capitalized at $30,000.
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Receivers Appointed. Charleston, S. C., November 26.-Judge Gary of the circuit court today appointed Frank I. O'Neill (president) and Henry Buist receivers of the Hibernia Trust and Savings bank. The bank was organized in 1884, and was capitalized at $30,000.
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CHARLESTON BANK LIQUIDATES Charleston, S. C., Nov. 26.-Judge Gage of the circuit court today ap. pointed Frank I. O'Neill (president), and Henry Buist receivers of the Hibernia Trust and Savings Bank. The bank was organized in 1884 and was capitalized at $30,000. The last quarterly statement semed to show good business, but it is known that the institution was not doing well recently. No other banks are in volved.
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- Charleston, November 26: The Hibernia Trust and Savings Bank, one of the smallest of the financial institutions of this city, went into the hands of a receiver today. It suspended payment yesterday. It is said that the bank's trouble dated back several years ago, when it lost a sum of money unexpectedly, and had nothing to do with the recent condition of the money market.
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Charleston. S. C., November 26.Judge Gage of the circuit court today appointed Frank I. O'Neil and Henry Brust. receivers of the Hibernia Trust and Savings Bank. The bank was organized in 1864 and was captialized at $30,000. No other banks are involved.
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Charleston Bank Goes Up. Charleston, Nov. 26.-The Hibernia Trust and Savings Bank, one of the smallest of the financial institutions of this city, went into the hands of a receiver to-day. It suspended payment yesterday. It is said that the bank's trouble dated back several years ago, when it lost a sum of money unexpectedly, and had nothing to do with the recent condition of the money market.
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CHARLESTON BANK FAILS. HIBERNIA TRUST AND SAVINGS BANK IN RECEIVERS' HANDS. Will Probably Pay From 75 to 80 Per Cent. to Its Depositors.-No Other Banks Affected. Charleston, Nov. 26.-The Hibernia Trust and Savings bank was placed in the hands of receivers today by order of Judge Gage, at Walterboro, Attorney Harry L. Erckmann securing the order this morning, in accordance with a decision of the directors reached at 10 o'clock last night. By the order of Judge Gage, Presiident Frank Q. O'Neill and Henry Buist are made receivers of the bank and upon the receipt of notification today of their appointment, they immediately took charge of the bank and its affairs. Their bond was fixed at $30,000 each. The receivership proceedings were determined upon as the most available means of going into liquidation and finally winding up the affairs of the bank. The receivers will proceed along this line of economically closing up the business of the bank as soon as possible, consistent with best Interests of the bank depositors and others having claims against the institution. The controling idea of the meeting which determined upon the receivership proceedings was that the bank should be wound up and quit business entirely and for this reason no assistance was asked or accepted from the various other institutions of the city, which would probably have gone to the help of the Hibernia bank if it was desired. The bank will be kept open for two weeks upon instructions of the receivers to receive payments and durnig this time all parties who are obligated to the institution are required to call and settle up. In banking circles today it was generally considered that the depositors will lose very little and that the bank will probably pay 75 to 80 per cent. The troubles of the Hibernia bank affeet no other bank. as none of them were involved in its affairs. It was known yesterday that the bank was in some difficult. Recently the bank had paid out about $50,000. which made a great drain on its available resources and it was determined yesterday. morning to require 90 days' notice for the withdrawal of money. an expedient to which many institutions over the country have resorted during the present financial stringency. It was thought that this expediency would serve the needs of the occasion but last night It was decided that a receivership offered the best solution of the difficulties. and Harry L. Erckmann of the firm of Burke, Rivers & Erckmann left here this morning for Walterboro to secure the order from Judge Gage, now holding