6cd0b231Full suspension
Other: Receiver appointed (Dwight Phelps) with bond; bank applied for receiver and closed doors.
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TACOMA BANK FAILS. Tacoma, Nov. 19.-The Metropolitan bank failed today as a result of a run which started over a misunderstanding with regard to a suit filed against a defunct bank of similar name. The deposits amount to $500,000. Dwight Phelps has been appointed receiver.
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Bank Failure Caused by Mistake. Tacoma, Wash., Nov. 19.-The Metropolitan bank, P. V. Caesar president, closed its doors to-day after experiencing a run all day yesterday. The run began as the result of a misunderstanding, the small depositors believing that a suit filed on Friday against the receiver of the Metropolitan Savings bank, which failed five days ago, had something to do with the present Metropolitan bank. About $40,000 was withdrawn yesterday, and to-day the bank applied for a receiver.
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Queer Error Closes Bank. Tacoma, Wash., Nov. 20.-The Metropolitan bank of this city failed to open for business yesterday after withstanding a run of two days, caused by a misaprehension concerning a suit filed Saturday asking a receiver for the Metropolian Savings bank, which went into liquidation in 1898. The similarity of name caused many depositors to suspect that the case involved the Metro politan bank. The institution has a capital of $50,000. and assets of nearly half a million. The liquidation of the Metropolitan Savings bank was caused by the withdrawal by George Vanderbilt of his Investments in this city. He was largely interested in the bank.
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TACOMA BANK CLOSED. Said to Be Due to a Misunderstand. ing-Depositors to Be Paid in Full. Tacoma, Wash., Nov. 19.-The Metropolitan bank closed its doors today, after standing against a run all day yesterday. The run began as the result of a misunderstanding, the small depositors believing that a suit filed Friday against the receiver of the Metropolitan Savings bank, which failed five years ago, had something to do with the present Metropolitan bank. About $30,000 was withdrawn yesterday, and today the bank applied for a receiver. The Metropolitan's total deposits are about $500,000. The failure is due entirely to a misunderstanding. President Cesar says he is negotiating with
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TACOMA BANK CLOSED. A Run Caused by a Misundersi:nding Compels the Step. TACOMA. Wash., Nov. 20.-The Metropolitan bank, P. V. Cresar president. closed its doors after experiencing an all day run. The run began as the result of a misunderstanding. the small depositors believing that a suit filed Friday against the receiver of the Metropolitan Savings bank, which failed five days ago, had something to do with the present Metropolitan bank. About $40,000 was withdrawn, and the bank applied for a receiver. Dwight Phelps was appointed, with a bond of $10,000. The fact that the school children's savings account, amounting to $12,000, was in the bank helped to spread the rumor started by the suit. The Metropolitan's total deposits are about $500,000. The failure is due entirely to the misunderstanding. President Cresar says he is negotlat. ing with New York people and believes he will be able to perfect arrangements to pay every depositor in full. The school savings are secured by school warrants field in trust by the school board.
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TACOMA BANK CLOSED. A Run Caused by a Misunderstanding Compels the Step. TACOMA, Wash., Nov. 20.-The Metropolitan bank, P. V. Caesar president, closed its doors after experiencing an all day run. The run began as the result of a misunderstanding, the small depositors believing that a suit filed Friday against the receiver of the Metropolitan Savings bank, which failed five days ago, had something to do with the present Metropolitan bank. About $40,000 was withdrawn, and the bank applied for a receiver. Dwight Phelps was appointed, with a bond of $10,000. The fact that the school children's savings account, amounting to $12,000, was in the bank helped to spread the rumor started by the suit. The Metropolitan's total deposits are about $500,000. The failure is due entirely to the misunderstanding. President Caesar says he is negotiating with New York people and believes he will be able to perfect arrangements to pay every depositor in full. The school savings are secured by school warrants held in trust by the school board.
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DEPOSITORS STAMPEDED. Tacoma, Wash., Nov. 20.-The Metropolitan bank was closed today as the result of a run which started over a misunderstanding with regard to a suit filed against a defunct bank by a similar name. The deposits amount to $500,000.
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Misunderstanding Causes Failure. Tacoma, Wash., Nov. 20.-The Metropolitan bank, P. V. Cresar president, closed its doors after experiencing an all day run. The run began as the result of a misunderstanding, the small depositors believing that a suit filed Friday against the receiver of the Metropolitan Savings bank, which failed five days ago, had something to do with the present Metropolitan bank. About $40,000 was withdrawn, and the bank applied for a receiver. Dwight Phelps was appointed, with a bond of $10,000.
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Tacoma Bank in Hard Luck. Tacoma, Wash., Nov. 20.-The Metropolitan bank failed yesterday as a result of a run which started over a misunderstanding with regard to a suit started against a defunct bank of a similar name. The deposits amount to $500,000. Dwight Phelps was subsequently appointed receiver
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RUN ON THE WRONG BANK. Misunderstanding Causes a Tacoma Institution to Close Its Doors. Tacoma, Wash., Nov. 20.-The Metropolitan bank, P. V. Caesar, president, has closed its doors after standing against a run since Monday. The run began as the result of a misunderstanding, the small depositors believing that a suit field Friday against the receiver of the Metropolitan Savings bank, which failed five days ago, had something to do with the present Metropolitan bank. About $40,000 was withdrawn and the bank applied for a receiver. The Metropolitan's total deposits are about $500,000. The failure is due entirely to the misunderstanding,
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BANK FORCED TO SUSPEND MISUNDERSTANDING STARTS RUN ON INSTITUTION. Which Compelled It to Close Doors and Ask for Appointment of Receiver. Tacoma, Wash.; Nov. 19.-The Metropolitan bank, P. V. Caesar, president, closed its doors today after standing against a run all day yesterday. The run began as the result of a misunderstanding, the small depositors believing that a suit filed Friday against the receiver of the Metropolitan Savings bank, which failed five days ago, had something to do with the present Metropolitan bank. About $40,000 was withdrawn yesterday and today the bank applied for a receiver. Dwight Phelps was appointed with a 7 bond of $10,000. The fact that the School Childrens' Savings account, amounting to $12,000, was in the bank, helped to spread
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Tacoma Bank Goes Under. The Metropolitan bank, of Tacoma, Wash., closed its doors Tuesday, after a run, small depositors believing that a suit against the receiver of the Metropolitan Savings bank had something to do with the Metropolitan bank. The deposits were about $500,000.