746f49d2Full suspension, Books examined
Other: Receiver appointed later by court (closure/receivership).
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FOLLOWS SUICIDE OF PRESIDENT July 17 (AP) prominent business man director of West Rutland Trust company shot and killed himself his home in West Rutland today run was reported to have started the bank shortly after news Thrall's death became known. Official = would closed hour earlier
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RUN ON BANK FOLLOWS SUICIDE Bank Examiner at Rutland, Vt., Unable to Say Whether Institution Will Reopen Thrall Dead Rutland, July Echcoes the shot with which director of the West Rutland Trust killed himself today flew down the streets from man to and run which ended when the bank closed its doors in charge of the state William Thrall, elderly the board, had been dead by his when Bank Robert Clark from behind the doors of the company he could whether the bank would reopen. say Working People's Bank The Rutland people's bank. their the depression has them as big and deposits, officials indicated, had been pany smaller and frequent. made large The which bankrupt During recent weeks there large only few days brief the officers. West Rutland Carroll succeeded the His signed taken by Harold 25 old and bank years assets with deposits
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Run on Bank Results From Suicide of Director RUTLAND, VT., July director of the West Rutland Trust company today run on the bank until were closed was placed charge of the state bank examiner. William Thrall, elderly secretary and member the board, had been dead his own hand only few hours the state bank examiner, Robert Clark of Montpelier. nounced tonight from behind the barred doors of the he could not yet say whether the bank would reopen.
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BANKER KILLS SELF; RUN CLOSES BANK of the shot with which William A. Thrall. 75-year-old director of the West Rutland Trust company killed himself Thursday flew down the streets from man to man and started run which ended only when the bank closed its doors and was placed in charge of the state bank examiner
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RUN CLOSES VERMONT BANK AFTER DIRECTOR ENDS LIFE Examiner Takes Charge of West Rutland Trust Co. Following Heavy Withdrawals. RUTLAND, Press. July 18.-Following the suicide of William A. Thrall yesterday, a run was started on the West Rutland Trust Co., of which he was secretary and director, which ended only when the bank closed Its doors and was placed in charge of the State Bank Examiner. The examiner. Robert C. Clark of Montpelier, announced he could not yet say whether the bank would reopen. The West Rutland Trust Co. is a working people's bank, where laborers, small farmers and small merchants deposit their earnings. The company made large loans to the Buck Lumber Co. of this city, which went into bankrutpey several months ago.
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VERMONT BANK IN EXAMINER'S HANDS Run On Institution Follows Suicide of Director Rutland, VV., July 18.-(R)-The West Rutland Trust company was in the hands of the state bank examiner today after a run precipitated by the suicide of William A. Thrall, 75year-old director. Thrall, secretary of the board and an official incorporator of the institution, shot himself yesterday. Within a few hours, depositors, mainly laborers, small farmers and small merchants, thronged before the doors and the bank closed. State Bank Examiner Robert C. Clark of Montpelier announced last night that he could not say whether the bank would reopen. The bank had made large loans to the Buck Lumber company. which went bankrupt several months ago, and during recent weeks large withdrawals had been made. A few days ago an announcement revealed a reorganization of the company's officers. Thrall had been chairman of the West Rutland board of selectmen for 30 years and had served two terms in the state legislature. His widow, a daughter, Mrs. Thomas C. Ross, and a son. William, survive. He had been a leading citizen for 60 years. The institution was the second Rutland county bank to close in the past several weeks. The Poultney National bank was closed last month by order of the national bank examiners and has not yet reopened.
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West Rutland Bank Director, Thrall, Commits Suicide And "Run" Bank Follows on Ill With Lumbago Depositors, Uneasy Because of Rumors Trust Company was in Weak Condition. Flock to Institution to Withdraw Closes In Rutland County to Suspend Within Last Few Weeks (Special the Press) July director of committed suicide shooting himself through the heart, the West Rutland Trust Company closed its 1:30 o'clock this afternoon. following which started soon after of the shooting been learn- Depositors, uneasy because of conduring the that the bank unsteadv flocked the institution during their After the bank had doors. scores persons stood deposit books the bank to in the weeks. the tional Bank order institution been making efforts Leading Citizen For 50 Years sulcide of Thrall came shock to dents West he been leading nearly Members his family said tonight he had been for months over the His wife found him after o'clock morning the floor barn in the rear home bullet through heart rifle by his contents members his family did not with Thrall was chairman of the West Rutland board on for 30 the term any of village. represented Rutland Legislature 1900 1902 held all of the excent road When the West Rutland pany was incorporated in 1905 he named director He held those offices until death. (Continued Page 11)
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BANKER'S West Rutland, Vt., Trust Company Shuts Doors After Heavy Run Rutland, Vermont, July the shot director West Trust company killed himself today blew down the streets from man started which ended only doors and was charge the state bank William A. Thrall, elderly secretary member board, had dead by his hand hours State Bank Robert Clark, Montpelier, he the bank West where laborers, small farmers small merchnts deposit their meager earnings. Since depression has as big company had been and frequent. The also made large Buck city, which went bankrupt several During recent weeks several The 25 years old $1,233,279, with of $916,163. AUTHOR DIES Greenwich, Conn., 17. Henry home heart He was native of New York city.
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Vt., July Echoes of the shot with which 75year-old director of the West Rutland Trust company killed himself. started run which ended only when the bank closed today and was placed in charge of the state bank examiner. William Thrall. elderly secretary and member the board had been dead only hours when State Bank Examiner Robert C. Clark of Montpelier announced tonight that he could not yet say whether the bank would reopen The West Rutland institution is working people's bank. where laborers, small farmers and small merchants deposit their meagre earnings. Since the first of the year depression in business has touched them and deposits, company officials indicated, had smaller and less frequent. The company also had made large loans to the Buck Lumber company of this city. which went bankrupt several months ago.
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OFFICER'S SUICIDE STARTS RUN ON BANK of the shot with which 75-year-old director of the West Rutland Trust company killed himself late Thursday flew down the streets from man to man and started run which ended only when the bank closed its doors and was placed in charge the state bank examiner. William A. Thrall, elderly secretary and of the board nad been dead by his own hand only few hours when the state bank examiner, Robert C. Clark of Mont pelier. announced from behind the barred doors of the Trust company he could not yet say whether the bank would The company had made large Joans to the Buck Lumber company of this city, which became bankrupt several months ago. During recent weeks there had been large withdrawals and only a few days ago a brief announcement revealed reorganization of the company's officers.
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OFFICIAL'S SUICIDE CAUSES RUN ON BANK RUTLAND, Vt., July 17 (P).-William A. Thrall, 75, prominent businessman and director of the West Rutland Trust company, shot and killed himself in his home in West Rutland today. A run was reported to have started on the bank shortly after news of Mr. Thrall's death became known. Officials of the institution announced would be closed at 2 o'clock or an hour earlier than usual.
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SUICIDE STARTS RUN; EXAMINER SUSPENDS BANK West Rutland Trust Company May Not Resume DIRECTOR DEAD William L. Thrall Shoots Himself and Depositors Demand Their Money Rutland, 18 Wes: land Trust Company was in the hands the barik examiner today after run precipitated by the suicide of liam Thrall. year old director Thrall, secretary of the board and original incorporator the shot himself yesterday Within few hours depositors, mainly laborers, small farmers and small thronged before the doors and the closed Bank Examiner Robert Clark Montpelier announced last night that he could not whether the bank would The bank had made large loans Buck Lumber which during the recent weeks large withdraw als had been few days ago revealed reorganization the company's officers Thrall had chairman of the West Rutland board of selectmen for 30 years and had served terms in the state His daughter, Mrs. Thomas and William. He had been leading citizen The institution the second Rutland County bank close the past several weeks The Poultney National Bank closed last month by order the National Bank Examiners and has not Officials of the bank and residents the town which Mr Thrall leading citizen, were by the Members his family said yesterday afternoon that he had been worrying financial matters for nearsix months had been Mr. the past several to arise about years and an early morning his horsedrawn carriage Just what yesterday morning before the suicide something mystery number residents seeing streets in the that they before family that time of absence thought returned about Mrs. Thrall about that that her was not the house and his usual custom going barn hitch up the horse carriage she looked of the out window towards building She the door closed and Thrall always left while fixthe carriage she decided to Mrs Thrall found her husband the floor his side and bullet wound his heart Death had been He but its contents strictly for his family the context divulged Mr Thrall West Rutland's leading He was born there June 1855 and had always been resident He had been the mercanbusiness for 33 and had years long and successful career. holding the offices except road comand town clerk In he was elected the board selectmen land the his death had unusual distinction having office that board years, the longest term office ever held by any other person in West Rutland He was elected chairman of the board of select year When the West Rutland Trust pany organized 1905 Mr Thrall was director was one of the original He was also ted secretary of the institution posttion which he held until death was deeply interested in agriculand for 35 years maintained farm Pleasant street in West He also keenly interested the affairs town and the trust company In he was married to Carrie Besides his widow leaves and Mrs. Thomas Ross brother Walter Thrall, West Rutland Mrs. Walter York of Haven, Conn.
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SUICIDE OF DIRECTOR STARTS RUN ON BANK -Echoes of the shot with which a 75-year-old director of the West Rutland Trust company killed himself today flew down the streets and started a run which ended only when the bank closed its doors and was placed in charge of the state bank examiner. William A. Thrall elderly secretary and member of the board, had been dead by his own hand only few hours when the state bank examiner, Robert Clark of Montpelier, announced tonight from behind the barred doors of the trust company he could not yet say whether the bank would reopen. The West Rutland institution is working people's bank. where laborers, small farmers and small merchants deposit their earnings.
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ECHOES OF FATAL SHOT START RUN ON BANK RUTLAND, Vt., July 17.-Echoes of the shot with which 75-year-old director of the West Rutland Trust Company killed himself today flew down the streets from man to man and run which ended only when the bank closed its doors and was placed in charge of the state bank examiner. William A. Thrall. elderly secretary and member of the board. had been dead by his own hands only hours when the state bank examiner, Robert Clark of Montpelier, announced tonight from behind the barred doors of the trust company he could not yet say whether the bank would reopen.
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BANK CLOSES AFTER SUICIDE OF DIRECTOR West Rutland Trust Company Closes Doors Following "Run" Which Started After News of William A. Thrall's Death Had Been Learned (Special to the News) RUTLAND. July 18. (P)-The doors of the West Rutland Trust company were closed at 1:30 o'clock yesterday afternoon, just four hours after William A. Thrall, age 75, a director and one of the original incorporators had committed suicide by shooting himself through the heart. The bank closing followed "run" on the bank immediately after the news of the shooting had been learned. Depositors being un. easy because of rumors during past weeks that the bank was in an unsteady condition, flocked to the Institution during the morning yesterday. This is the second Rutland county bank to close in the past several weeks. Mr. Thrall had been leading citizen for nearly 50 years in West Rutland, and his death came as a shock to bank officials and residents. It is claimed by members of his family that for months he had been worrying over the condition at the bank, He was found by his wife, shortly after 9:30 o'clock yesterday morning, lying on the floor of a barn in the rear of his home, with a bullet wound through his heart and a rifle at his side. Mr. Thrall represented West Rutland in the Legislature in 1900 and 1902 and had held all of the town offices except road commissioner and town clerk. He was chairman of the West Rutland board of selectmen. serving on that board for 30 years, the longest term of office ever held by any resident of the village. He was named a director and elected secretary, when the West Rutland Trust company was incorporated in 1905. The first feelings of uneasiness were caused when the Buck Lumber Co., Inc., of this city, to which excessive loans had been made, went into bankruptcy last winter. Depositors then began to withdraw their savings, and from January and April, more than $1000,000 was taken out. At an emergency meeting called recently. the president and treasurer resigned. and the board of officers was reorganized with Dr. C. B. Ross, president, and Harold L. Bowker, acting treasurer Though no official confirmation could be secured, it was learned tnat several Rutland banks offered their services weeks ago to th West Rutland institution. and had taken over many of their loans. Mr. Thrall is survived in his immediate family by his wife. Mrs. Carrie North Thrall, one daughter, Mrs. Thomas C. Ross, by one son, William North Thrall and one brother, Walter C. Thrall. all of West Rutland, and by one sister. Mrs. Walter York of New Haven. Conn. The weight of an inch of rain on an acre of ground is a little more
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Run on Bank Begins Soon After Suicide Rutland, Vermont, July 17. (AP)Echoes of the shot with which a 75year-old director of the West Rufland Trust company killed himself today flew down the streets "from man to man and started a run which ended only when the bank closed its doors
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SUICIDE RESULTS IN 'RUN' ON Institution Forced to Close Doors After 75-Year-Old Director Shoots Himself the shot with 75-year-old director the West Rutland Trust company killed himself today flew down the streets man man and started "run" ended only when the bank closed its doors and was placed in charge the state examiner William Thrall. elderly tary and member of the beard had been dead hand only few hours when the state bank exRobert C. Clark of Montaminer. announced tonight from behind the barred doors company could not yet say wheththe bank would The West Rutland institution is people's where labor. ers. small farmers and small merchants their earnings. Since the first the depression in business has touched them as well as big business deposits. company indicated. smaller and less frequent.
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BANKER'S SUICIDE PRECEDES BIG RUN Vermont Bank Placed In The Hands Ot State Examiner As Result Of Day's Run Echoes of the shot with director of the land Trust company killed himself started run which ended only the bank closed doors and placed in charge of state bank The West Rutland working peoples where laborers, small farmers and deposit their meagre Since the first of the in business has touched as well as big business and company had been smaller The made large loans to the Lumber of this city, which eral months recent weeks there had been several large and only days ago brief revealed reof the company's officers Carroll B. Ross of Rutland succeeded to the presidency and Fred signed the of His place was taken temporarily by B. The is 25 assets on June were
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WEST RUTLAND TRUST CO. IN CHARGE OF EXAMINER SUICIDE OF DIRECTOR STARTS RUN ON WORKING PEO. PLES' BANK Rutland, Vt., July which director the West Rutland Trust Co. killed himself today flew down the streets from man started which ended only when the bank closed Its doors and placed in charge the State examiner. William elderly tary and board, dead his own State Bank aminer Robert Clark Montpelier tonight hind the barred doors the trust company that he could not yet whether the reopen. The West Rutland institution is working bank, where laborers, small farmers and small their meager earnings. Since the first of the year pression them as well as big business officials indicated, had been smaller and quent. The company also had made large loans the Buck Lumber which went bankrupt several months During recent weeks there been several large withdrawals and only ago brief organization of company's ficers. Carroll Ross West Rutland the presidency Jones resigned the treasurer. His place taken temporarily by Harold Bowker, The bank is years old and its assets June deposits of $916,162.
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Named Knapp West Rutland Bank's Receiver Middletown Springs Man Appointed on Petition of Banking tors May Receive Nearly Full Amounts (Special the Press) RUTLAND. Knapp Middletown today named receiver of the West Rutland Trust Company which been closed since July 17, when Banking Commissioner Robert Clark Montpelier took charge of the institution. was made by Judge Fred Bicknell of Windcounty court Clark, stated the closed after heavy due to which were in circulation at the time In statement to the press tonight, Clark says: felt that the bank need not have been closed the public had not become alarmed over insidious propaganda which appears have circulated direct intent to injure the bank. From present indications, expect to receive nearly the full amount of their deMr. Clark emphasized the fact that there no defalcations.
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SUIT FOR Wife of Real Estate Man Discontinues Action as Many Await Trial. While crowd that filled every available seat in the county courtroom awaited yesterday afternoon trial of the divorce case brought by Mrs. Olive Hammond Wiltsle of this city against E. Dyer Wiltsie, real estate dealer, counsel for Wiltsie announced that the Mrs. had been discontinued. second time that spectators, who had turned out in large numbers the case, were disappointed. On Friday, May 15, there because the absence Mrs. Wiltsie's counsel, Jones, and of some important Attorney Edwin W. Lawrence of Lawrence, Stafford O'Brien and Attorney Leonard Wing of Fenton, Wing, Morse Jeffords, who represented libellee, opposed motion for yesterday. understood that one of the main reasons for not pressing the case was difficulty in securing the important witnesses for the Attorney General Jones movfor his was granted by Judge Allen R. Sturtevant. Suit for divorce was brought by Mrs. Wiltsie on grounds of intolerGoyette Case Heard. Judge Sturtevant reserved decision in contested divorce case, brought Mildred Goyette against Elzear M. Goyette of Wales street, which was tried in the morning. Several witnesses testified. George Goddard represented libellant and Jones Jones, the bellee. Bank Suits Entered. Two suits brought by bank reamong those entered the county clerk's office yesterday. Gray Knapp Middletown Springs, receiver of the West Rutland Trust company. entered an tion for the foreclosure of mortgage, John O'Rourke West Rutland being the defendant. He also entered suit to collect notes, bank, given Stickney, Sargent Chase of Ludlow Webber Leamy land, represent B. Stickney this city entered appearance for James Farrell, receiver of the First Poultney, has started proceedings recover $500, which he claims due on notes from Leon Young of Poultney. Richard Prentiss, Ernest Lewis and thur Lewis, who conduct the busiknown Lewis Brothers Fred Barrett Poultney, were namtrustees. Lawrence, Stafford represent the receiver.
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One Is $10,000 Auto Action; Are Brought by Bank Receivers. Suits asking damages totaling $23,700 were filed in Rutland County court yesterday. Seven of the cases are attempts to collect funds, due the West Rutland Trust company the Bank. The these cases in one filed Bertha of asking damage injuries the result accident. James for the National Bank of Poultney has six suits through his counsel, Lawrence, Stafford O'Brien. Ernest Foley Fair Haven made defend$600 suit for recovery be due the bank. Orr of Poultney defendant another suit arising from note. $6000 are asked of him. Farrell in another the cases suing Matthew Foley Fair Haven for $2000 note. M. Lynch of Poultney defendant another of the suits arising from $1300 note due the bank, Alton Ward Poultney is being sued Farrell $600 note and Sarah Owens made defendant $500 case, also arising from note. Company Sued. Helen Cendrowski West Rutland, Squires, filed suit against the pany of Newark, asking $1200 Her based $1000 life insurance policy held late husband, Stanley Cendrowski, and payable her his death. Gray Knapp, receiver the West Rutland Trust company, has filed petition for $1500 mortgage making Murphy defendant. This heard the Court of Chancery Rutland county. Sargent Chase of Ludlow represent plaintiff. Courtney Flanders, Minnie Jones Rutland Walter Hanson Springfield, Mass., made defendants the $10,000 filed by Bertha Kenworthy of Ludfirm Stafford O'Brien. The plaintiff claims that she painful and injuries George Kenworthy in which was riding struck Clarendon owned Minnie Jones driven by Flanders. According plaint of the plaintiff, Flanders passHanson's car when the latter slowed up. As Flanders passHanson, the car driving tiff riding, Mrs. Kenworthy leges.