21946. Barre Savings Bank & Trust Company (Barre, VT)

Bank Information

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

Metadata

Model
gpt-5-mini
Short Digest
0b6dd202

Response Measures

Partial suspension, Books examined

Description

Multiple articles (Nov 22–23, 1920) report a brief run sparked by unauthenticated rumors, the invocation of a 60-day notice on withdrawals, closure by State Bank Commissioner G. B. (George) Carpenter on Nov 22, 1920, and appointment of the commissioner as receiver on Nov 23. The bank remained in receivership and was later taken over/its assets proposed for takeover by new organizations in 1922. No reopening is reported. OCR corrected minor punctuation and verified commissioner name (George B. Carpenter).

Events (3)
1. November 20, 1920 Run
Cause
Rumor Or Misinformation
Cause Details
Brief run in the days before Nov 22, 1920, started by unauthenticated rumors about the bank's condition.
Measures
Officials met withdrawals on Friday; when run continued they invoked banking law clause requiring sixty days' notice of desire to withdraw savings funds.
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
State Bank Commissioner Carpenter closed the bank after a hasty examination of the books following the run and rumors.
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.
Source
newspapers

Newspaper Articles (20)
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 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.

7. December 1, 1920 News and Citizen Morrisville, Hyde Park, VT
Article from News and Citizen, December 1, 1920

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Railroads operating in Illinois were ordered by the interstate Commerce Commission to increase passenger fares within the state to the same level as interstate rates. After a brief illness, W. A. F. Ekengrén, Swedish Minister to the United States, died at the legation, Washington. George H. Wilber of Maryville, Ohio, head of the Executive Commitfee of the Ohio Wool Growers' Assoclation, predicted a large drop in milk. and butter prices in an address at the Omaha (Neb.) Chamber of Commerce. Revision of tariff and tax laws simultaneously will be advocated by Senator Curtis of Kansas. The 250-mile national championship automobile race at Beverly Hills Speedway, Cal., was won by Searles, driving a Duesenberg car. Military officers at Matamoras, opposite Brownsville, were greatly agitated by the reported presence along the lower border on the American side of several former Carranza military commanders and their possibleconnection with the raid into Mexico. The plant of the Fish Rubber Company in Chicopee Falls, Mass, reduced its working schedule from five to three days a week. Secretary Baker announced the war department "is not free to consider" suggestions that the bodies of all unidentified American dead be brought from France and buried in Central Park, New York. Bank Commissioner Carpenter of Vermont was appointed receiver of the Barre Savings Bank and Trust Company, which was closed after a run.

8. December 8, 1920 The Barre Daily Times Barre, VT
Article from The Barre Daily Times, December 8, 1920

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RUSH OF CHRISTMAS SAVINGS DEPOSITORS Up to Noon To-day 320 Had Made Initial Step Toward Securing Advance Payment of OneHalf Due Them. Up to this noon 230 people, who are depositors in the Christmas Savings club of the closed Barre Savings Bank and Trust company, had taken advantage of the opportunity to turn in their bank books in order to receive the initial payment of one-half through the guarantee of the other three banks of Barre. Many of them gathered at the city hall long before the opening hour at 9 o'clock when the Board of Trade, acting as clearing-house, prepared to receive the books and assignment and give the depositors receipts. The payments on the bank books will be made between Dec. 15 and 24. Secretary W. A. Drew of the Board of Trade was in charge and he was assisted by Earl Winter, James R. Mackay and Mrs. Ray Sargent. There was a continuous line of applicants to take advantage of the opportunity to get part of their money at this time, with assurance of more later on. The taking of deposit books and the giving of receipts will continue up to Dec. 15. There are 1,783 accounts in the Christmas Savings club of the Barre Savings Bank and Trust company, the total amount due being in the vicinity of $53,000. Meanwhile Receiver George B. Carpenter was continuing his work of looking into the accounts of the bank itself.

9. December 16, 1920 The Barre Daily Times Barre, VT
Article from The Barre Daily Times, December 16, 1920

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# TALK OF THE TOWN Public dance at East Montpelier Friday night, Dec. 17. Dudley's orchestra.-adv. Those donating articles for the fair to-night, please bring to hall before 6 o'clock.-adv. Visit the woman's exchange, 24 Elm street, before buying Christmas gifts elsewhere.-adv. A daughter was born Wednesday morning to Mr. and Mrs. Albert G. Williams of 12 West street. 1921 calendars with beautifully hand painted scenes of Vermont on sale at Cummings and Lewis' for 65c and 75c.-adv. A special meeting of the Glenugie club will be held in Clan Gordon hall Friday evening at 7 o'clock sharp. Let all members be present. Per order president. 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. Basketball, armory hall, Montpelier, Friday evening, Dec. 17, Montpelier post, No. 3, American Legion, vs. "All Collegiate five" of Boston. Game starts at 8:15 o'clock sharp. Dancing immediately after the game. Music by the "Oriental Six" of Montpelier.-adv. 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. Stores and shops of Barre that in years gone by have been kept open every evening of the week preceding Christmas have diminished the number to three and four evenings. The Merchants' association of Barre, which brings a large portion of the stores together as an organization, voted last January to keep their stores open but three nights preceding Christmas, and in complying with this rule they plan to close the stores every evening until Wednesday, Dec. 22. Wednesday and Thursday preceding Christmas day they will be open until 9 o'clock at night, and Friday evening until 10 o'clock, being closed all day Saturday for the holiday. This agreement was made in connection with the new closing hour schedule drawn up at a regular meeting. In years past the stores have been open every evening for a week preceding Christmas and oftentimes for longer periods. The union stores will be open every week day night next week except Saturday in compliance with the union agreement. Several other stores keep the same hours as those belonging to the union.

10. 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

11. 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.

12. April 14, 1921 The Barre Daily Times Barre, VT
Article from The Barre Daily Times, April 14, 1921

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RECEIVER BRINGS SUIT / To Foreclose on Mortgage Held By Barre Savings Bank. G. B. Carpenter, as receiver of the Barre Savings Bank & Trust Co., has brought a suit against J. A. and Jessie D. Dow, F. S. Thrope, Newton Lane, et al, for foreclosure on property which they bought some time ago and which the bank had a mortgage upon, amounting to $1,428.

13. June 7, 1921 The Barre Daily Times Barre, VT
Article from The Barre Daily Times, June 7, 1921

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U. S. BONDS READY FOR DISTRIBUTION BY THE RECEIVER OF THE BARRE SAVINGS BANK & TRUST COMPANY. Notice is hereby given, that I, the undersigned, receiver of the Barre Savings Bank & Trust Co., have been ordered by the court to deliver U. S. bonds to all claimants who have satisfied the court that they are entitled to the same. Deliveries will be made dur. ing the regular banking hours at the office of the Barre Savings Bank & Trust Co. in the city of Barre, Vermont. All claimants must present their receipts. In cases where it is impos. sible for a claimant to appear personally at the bank, he must send proper authority for the delivery of the bonds, either by mail or to an agent duly authorized to receive same and should accompany such authority with the original receipt for his bonds. George B. Carpenter, receiver.

14. 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.

15. September 20, 1921 The Barre Daily Times Barre, VT
Article from The Barre Daily Times, September 20, 1921

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By Taking Over Assets and Liabilities of Old Barre Savings Bank COMMITTEE NAMF RS TO GET SUBSCRI ConMeeting Last Nig Orsidered New Ba able ganization De Two score or more people gathered in the city court room last evening and decided to undertake the formation of a new banking organization with the purpose of taking over the assets and liabilities of the closed Barre Savings Bank & Trust Co. It was the opinion that that was the proper thing to do and as a result of the action of the meeting, a committee of six was appointed to canvass the situation to see if stock subscriptions could be secured in sufficient number to carry the project through. According to the last statement issued by Receiver Carpenter, there will be sufficient funds and securities in the bank, if taken over as a whole by a going concern to warrant the payment of 100 cents on the dollar to every depositor and this move is made with that object in view. The committee appointed to canvas the situation is James Mackay, E. W. Bisbee, F. H. Rogers, Waldron Shield, J. B. Sanguinetti and Alex. Milne.

16. 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.

17. November 21, 1921 The Barre Daily Times Barre, VT
Article from The Barre Daily Times, November 21, 1921

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# DEBTS OF $46,597.85 # ASSETS $41,798.24 Schedule Filed By Goodfellow Co., Inc, a Barre Automobile Concern. A voluntary petition in bankruptcy from the Goodfellow Co., Inc., by B. W. Goodfellow, president, has been filed with W. N. Theriault, referee in bankruptcy. S. Hollister Jackson is attorney for the Goodfellow Co. The company has liabilities of $46,597.85 and assets of $41,798.24. The creditors having the largest amounts are: Manley Bros., Brattleboro, notes aggregating $32,725.23, on which $1,000 had been paid; George B. Carpenter, receiver of the Barre Savings Bank & Trust Co., real estate mortgage, face value, $10,000, on which $4,500 was due, on property located at 409-413 North Main street; note of Robert Gordon, Montpelier, held by Quarry Savings Bank and Trust Co., on which $1,000 was due: owed to the Quarry Savings Bank & Trust Co. $500 on security of $150 in Liberty bonds and $500 in stock of Peerless Knitting Co; to the New England Mutual Life Insurance Co., Glenn Wilkins, agent, Morrisville, $702 on life insurance policy of $10,000 on the life of B. W. Goodfellow. The assets include $16,650 real estate, $3,346 promissory notes, $13,814 stock, $1,541 machinery and tools, $3,845 open accounts and $2,471 personal property.

18. 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,

19. 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.

20. 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.