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FIFTH EDITION. Bank suspension and nicide. A BERKS COUNTY SAVINGS BANK SUSPENDS, AND THE CASHIER COMMITS BUICIDE. READING, PA., Fov. 22.-An announcement was made yesterday of the suspension of the Kutztown Savings Bank. which had been doing a good business for the past few years. The Directors on Monday decided to close the doors, and the following day a Receiver was appointed. Several years ago the Bank lost largely through the failure of Nicholas Hunter, since which it has been in & crippled condiEdward Hottenstein was formerly cashier, but had been succeeded by William C. Dietrich, who continued until the suspension. The discounting of notes at more than the legal rate of interest is said to have locked up its capital, and was the cause of its suspension. According to the last sworn statement of the cashier, the entire paid up capital of the bank was only $6,050. A year ago the deposits amounted to $21,499.37, while the expenses for the year ending November 6th, 1875, was $11,151.57. During the present year and at the time of the suspension the deposits had been reduced to $14,000. The paid up capital remained at $6,000. The expenses of the year were $12,000, while the earnings of the bank for the same time were only $3,000. The amount of unpaid stock subscriptions is $16,000, all of which will be available to meet the liabilities of the bank; while there is due by other banks and individuals the sum of $16,000, which will make up the amount of $32,000, sufficient to meet all liabilities. It was a losing concern at the time that young Dietrich became the cashier, and has been losing ever since. The officers of the bank were gentlemen of the highest sense of honor. SUICIDE OF THE CASHIER. 0 Yesterday afternoon Wm. C. Dietrich, the cashier, was found dead in the bank with a pistol wound in his breast and head. It was stated that the proposed suspension of the bank had a very depressing effect upon the deceased, who, for some time, had been laboring under considerable mental anxiety owing to the financial troubles of the institution. It was also reported that the deceased was to have been married this fall to a lady of Lehigh county, who died several days ago, and that this had also an additional depressing effect upon him. Mr. Dietrich was a young man of excellent character, and was highly esteemed by the citizens of Kutztown and vicinity. He was a prominent Mason of that place, and & member of De Molay Commandery of this city. He was about 58 years of age.
