Article Text
MR. PARK'S FAILURE. The First National Bank of North Bennington. The failure of Trenor W. Park has produced a profound sensation of regret, throughout the state. At Bennington a general state of gloominess prevailed, and a sincere sorrow for the event manifested among all classes, his enemies as well as friends, expressing regret at the event. There was a very natural uneasiness relative to the effect his misfortunes might have upon the first national bank of North Bennington, of which he is president and a large stockholder. After the news of his failure had been spread abroad a run began upon the bank on the part of the smaller depositors, which continued until the close of bank hours, some $15,000 or $20,000 having been paid out, We are assured that there need be no uneasiness on the part of the public in reference to the soundness of the bank. A representative of THE GLOBE had an interview last evening with Hon. Charles E. Houghton, vice president of the bank, who has a full and accurate knowledge of its affairs. He reports the capital of the bank to be $500,000 with a surplus of $200,000, and deposits amounting to some $60,000. Mr. Park is not owing the bank a single dollar, and there is but one note upon which he is an endorser. The bank never was in a betser or sounder financial condition than to-day. The officers of the bank are prepared for any demand that may be made upon it by depositors. The run upon the bank will probably abate in a great degree to-day, as a statement of its actual condition becomes known. The public may be fully assured of its ability to meet all demands, and of its solvency. It is to be hoped that all who are depositors will use reason and ascertain for themselves relative to the matter, and avoid a panic, or any general demonstrations of a run upon the bank.
