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VERMONT BANK CLOSED. Receiver Appointed for People's National at Swantes. WASHINGTON, Aug. 19.-The People's National Bank at Swanton, Vt., was closed to-day by order of the Comptroller of the Currency. National Bank Examiner Frank L. Fisk has been appointed receiver.
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By Order Comptroller Of Currency ACTION WAS TAKEN TODAY National Bank Examiner, F. L. Fish, Has Been Appointed Receiver For Institution. Washington, Aug. 19.-The People's National Bank of Swanton, Vermont, today closed its doors by order of the comptroller of the currency, National Bank Examiner Frank L. Fish has been appointed receiver.
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NATIONAL BANK AT SWANTON CLOSED BY COMPTROLLER. Washington, Aug. 19.-The People's National Bank at Swanton, Vt., was closed today by order of the comptroller of the currency, National Bank Examiner Frank L. Fish has been appointed receiver. St. Albans, Vt., Aug. 19.-The People's National Bank of Swantori, a small town, ten miles north of this city, and near the Canadian border, did not open for business today, its finances having been found to be in an unsafe condition. National Bank Examiner Frank L. Fish of Vergennes, who has been named as temporary receiver of the institution, was in charge of its affairs this forenoon, but up to noon he had not made any statement except to say that the bank has been closed by order of the Washington authorities.
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ALL SORTS OF NEWS. Odds and Ends of Facts Caught in the Meshes of the Telegraph Wires and Released Here To-day. Bank Closed Doors. WASHINGTON, D. C., Aug. 19.The People's National Bank, Swanton, Vt., to-day closed its doors by order FAIRMONT of the comptroller of the currency. National Bank Examiner Frank L. F.sh has been appointed receiver. MERCHANTS The resources and liabilities of the bank as shown by its last report. dated June 9, were $258,380 each. SHORT HISTORY OF ONE OF
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SWANTON (VT.) BANK CLOSED. Swanton, Vt., Aug. 19.-The - People's National Bank, the only bank in the town, was closed today by order of the Controller of the Currency. Frank L. Fish, national bank examiner, was in charge as temporary receiver. The bank is a small one, the capital being $50,000. It was patronized by the country people in this part of the State. C. H. Sanborn was cashier. The cause of the suspension was the inability of the bank officials to collect a number of notes which were due. Business men think the creditors will be paid in full, and the bank may possibly be reopened.
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BRIEF BITS OF NEWS. William O'Brien has been re-elected member of parliament for Cork city, unopposed. The harvest in the government of Samara, in the west of European Russia, is the best of many years. The archbishop of Canterbury, Dr. Davidson, has sailed from Liverpool on a visit to the United States. The People's National bank at Swanton, Vt., has been closed by order of the comptroller of the currency. The supreme lodge, Knights of Pythias, has voted to hold the next biennial encampment at New Orleans. Victor Rice, of the University of Chicago, Western college champion sprinter, has broken down and will probably never run again. At the convention of the National Sons of Veterans at Boston William E. Dustin of Dwight, Ill., was elected commander-in-chief by acclamation. James E. Turrill, who recently resigned as treasurer of the Union Tank lines of the Standard Oil company, is dead at his home in Plainfield, N. J. Michael Callahan and John Markham of Van Horne, Ia., were killed by a Chicago and Northwestern freight train at a grade crossing near Blairstown, that state. Prince Henry of Prussia, who is going to St. Petersburg to represent Emperor William at the christening of the heir to the Russian throne, has gone to Wilhelmshohe castle to receive instructions from the emperor.
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BANK CLOSED AT SWANTON Could Not Collect Notes On Which It Had Loaned. Swanton, Aug .-The Peoples Nationl Bank closed its doors this morning. A notice on the door says "Closed pending an examination by the commissioners." The books of the bank are being examined by Bank Examiner Frank L. Fish of Vergennes and by Robert Lyon of the office of the comptroller of currency at Washington. Mr Fish has been appointed as temporary receiver. He would make no statement today except to say that the bank had been closed by order of the Washington authorities. The bank did not open today, the finances having been found to be in an unsafe condition. The suspension came as a great surprise to the general public which had not suspected any trouble. It is declared on good authority that the suspension is due to inability to collect certain notes, that the assets of the bank largely exceed the deposits and that it is probable that the depositors will be paid in full. It is understood that measures have been taken during the past few months to strengthen the resources of the bank.
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BANK BECOMES UNSAFE. Troubles of People's National at Swanton, Vt. St. Albans. Vt., Aug. 19.-The People's National Bank of Swanton, a small town 10 miles north of this city and near the Canadian border, did not open for business, today, its finances having been found to be in an unsafe condition. National Bank Examiner Frank L. Fish of Vergennes, who has been named as temporary receiver of the institution, was in charge of its affairs, this forenoon, but up to noon he had not made any statement except to say that the bank had been closed by order of the Washington authorities. The People's Bank did not do any extensive business, its capital amounting to but $50,000. It was patronized largely by the country people in the section of the state which is northeast of St. Albans. C. H. Sanborn was cashier. The deposits amount to less than $150,000 and the surat the last was as beplus The unimportant, suspension report although is regarded in June number here $500. of ing a St. Albans people are creditors. Examiner Fish has been in Swanton two or thr days making a thorough investigation et the books. and at its conclusion, last night, he decided that the list 01 the as sets was so unsatisfactory that the door of the concern should be closed. The comptroller of the currency was notified by telegraph of the situation and Mr. Fish was named as temporary receiver. The special cause of the trouble was the inability of officials to collect on a number of notes which were due and which we: held as collateral by the institution. T. prevalent opinion in Swanton is that all the creditors will be paid in full are many think the bank may resume atte a short period. A. J. Ferris of Swanto: is the president of the institution. Mr. Fish is one of the leading nation bank experts in New England. It Will he who detected the unsafe condition the Farmers' National Bank in his hom town. Vergennes, and caused the are of Cashier D. H. Lewis. He was made ceiver of the institution, a position h still holds. Mr. Fish was also appointed et receiver of the Packard National Bank Greenfield, Mass., a year or two ago. 11. completed the liquidation of its affairs in a comparatively short time. Washington, Aug. 19.-The People's Na tional bank at Swanton, Vt., was closed today. by order of the comptroller of the currency. National Bank Examiner Frank I.. Fish has been appointed receiver. The following is a statement of the resources and liabilities of the bank as shown by its last report of condition dated June 9. 1904: Resources: Loans and discounts. $106.412: overdrafts, $1352 U. S. bonds, $ 9.000; bonds. securities, etc., $42.252 real estate, $15,058; due from banks. $11,229; cash and cash items. $19,435 total. $258,380. Liabilities: Capital stock, $50,000; surplus and undivided profits, $493; circuiation, $50,000; deposits. $142,886; bills payable, $15,000; total, $258,380.
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VERMONT BANK BROKE. Washington, Aug. 19.-The People's National bank at Swanton, Vt., was closed today by order of the comptroller of the currency. National Bank Examiner Frank L. Fisk has been appointed receiver.
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Vermont Bank Is Closed. Washington, Aug. 20.-The People's National Bank at Swanton, Vt., was closed yesterday by order of the controllers of the currency. National Bank Examiner Frank L. Fisk has been appointed receiver.
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Vermont Bank Closed. The People's National Bank, of Swanton, Vt., was closed and put into a receiver's hands by the Controller.
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The Peoples' National Bank of Swanton closed its doors Friday, pending an examination by the commissioners. The books of the bank are being examined by Bank Examiner Frank L. Fish of Vergennes and by Robert Lyon of the office of the comptroller of currency at Washington. Mr. Fish has been appointed as temporary receiver. The suspension came as a great surprise to the general public which had not suspected any trouble. It is declared on good authority that the suspension is due to inability to collect certain notes, that the assets of the bank largely exceed the deposits, and that it is probable that the depositors will be paid in full. The bank has a capital stock of $50,000. surplus of $493, circulation $50,000, deposits $142,886. It has loans and discounts of $106,421, U. S. bonds $59,000, and total resources of $258,379.
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# ABOUT THE STATE. A large tiger cat called Nan, belonging to Mrs. N. F. Ashton of Brattleboro, died last week. It was nineteen years old, having been born in New York city in 1885. Not often does a cat live to such great age, and the case is more remarkable from the fact that the cat retainded all its faculties, including good eyesight, until a month ago. The animal knew a number of tricks, which it performed up to a few weeks ago as well as when first taught in its kittenhood. The new Bellows Falls Academy at Fairfax will be formally opened Wednesday afternoon, Aug. 31, at 1.30 o'clock. The public is invited and the following programme will be carried out in the assembly hall of the academy: Music; address for the donor and treasurer's report, F. W. Shepardson; address for the town in recognition of benefits conferred, Ira Hunt; music; address, M. H. Buckham, president of University of Vermont, Burlington; music; address, Walter E. Ranger of Montpelier, State superintendent of education; music; presentation of principal and delivery of keys, C. A. Hawley; address, Principal Merritt D. Chittenden; music. Music will be furnished by the Howard Opera House Orchestra of Burlington. The first annual banquet of the Caledonia county grammar school alumni association was held at Peacham on Thursday evening and was a notable success, 175 being present. N. J. Whitehill, principal of the White River Junction high school, was toast master, and the speakers included former principal, Dwight C. A. Bumker, the present principal, Dwight G. Burrage and Charles J. Bell, Republican candidate for Governor. This school, which is now known as Peacham academy, has recently passed its 107th year and numbers among its distinguished graduates Thaddeus Stevens and his cousin, the late B. Frank Stevens, the London antiquarian, Oliver B. Johnson, the noted abolitionist, ex-Congressman J. B. Gilfillan of Minneapolis and Col. George Harvey, editor of Harper's Weekly. There has nothing new developed in regard to the suspension of the People's National Bank of Swanton. The examiners are at work on the books but no statements have been issued. Confidence appears to be gaining that the bank will pay in full, it being only a matter of time when the affairs will be in shape so that a dividend can be declared. J. E. Morrison of Rutland, has been sent for to assist the present examiners, E. L Fish and Robert Lyon. The Rutland Railroad Company has just been sued in the United States circuit court for Northern New York by Warren Mitchell of Franklin county, who claims $10,000 damages for injuries received on one of its trains that was run into by another one last January. Mitchell claims that three ribs were broken and other injuries received which required the attendance of a physician for two months. He claims that the accident was caused by the negligence of employees of the road.
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The People's National bank, the only bank in Swanton, was closed Friday by order 0 fthe controller of the currency. Frank L. Fish, national bank examiner, is in charge as temporary receiver. The bank is a small one, the capital being $50,000. C. H. Sanborn was cashier. The cause of the suspension was the inability of the bank officials to collect a number of notes which were due. Business men think the creditors will be paid in full, and the bank may possibly be reopened.
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Closes National Bank. Washington dispatch: The People's National bank at Swanton, Vt., has been closed by order of the comptroller of the currency. Frank L. Fisk, national bank examiner, has been appointed receiver.
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DOMESTIC. The steel trust has dissolved all pools and a big war is on. Dr. Chapin of Saybrook, III., was assassinated by a relative of his wife. Clarence Ostrander, aged 19, shot and killed himself at Plainfield, Wis. One man was killed and probably fifty injured by a storm in North St. Louis. Civil war veterans, 26,000 strong, were reviewed by 500,000 spectators in Boston. Ten thousand plumed knights marched in the Pythian parade at Louisville. Vernon R. Andrews, a young lawyer of Cleveland, was drowned at East Tawas, Mich. General W. W. Blackmar of Massachusetts was chosen commander in chief of the G. A. R. Carl Baumann, an alleged defaulting bookkeeper, returned to Milwaukee to face the charges. Marion Temple killed Albert Slagle at Springfield, O., by striking him in the head with a brick. The king of Italy has sent to the Italian colony in the City of Mexico $2,000 for an Italian hospital there. The People's National bank at Swanton, Vt., has been closed by order of the controller of the currency. John W. Gates is reported to have lost $10,000 in a big faro game at Saratoga, and at one time was $20,000 behind. Antonio Maurizio was arrested in Meriden, Conn., for forgery, alleged to have been committed in Pittsburg. The officials of the bureau of immigration were instructed to not detain Mrs. Maybrick when she arrived Tuesday. A musical young woman of Peoria, III., took a piano into the woods so she might practice without being interrupted. Two men are dead and a third is missing as the result of a row over alleged claim-jumping on Marble creek in Idaho. C. W. Spalding, the former Chicago banker, after serving more than six years in the Joliet penitentiary was released. The postoffice department will stop the practice of small postmasters swelling their salaries by means of large stamp sales. A corporal was killed and several
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The Swanton savings bank and trust company was organized Saturday with a capital stock of $50,000. This bank will succeed to the business of the defunct People's national bank, buying or leasing the old bank building and considerable paper now held by Receiver Fish of the old concern. Former Governor Carroll S. Page of Hyde Park was the moving spirit in the organization of the new bank, and is one of the directors, together with Dr. C. E. Allen and M. W. Barney of Swanton, and E. D. Herrick of Highgate.