Security Trust Company (Nashua, NH)

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Trust Company in Trouble

NASHUA, N. H., Oct. 10.-Lester F. Thurber, of this city, has been appointed assignee of the Security Trust Company, of Nashua, upon petition of the State Bank Commissioners, and the company has been enjoined from doing business in this State. Mr. Thurber will be required to furnish bonds for $60,000. The trust company was enjoined previously during the panic of 1893, but later the injunction was modified 30 that it was permitted to do business. The present suspension is said to be due to the same causes which operated before,

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TELEGRAPHIC BREVITIES

Domestic. Barnes & Ladow, sash and blind manufacturers of Mechanicville, N. Y., have failed. Jacob Raible of the cooperage firm of Raible Bros. of Cincinnati was shot by Thomas Ballon, whom he had discharged. Leadville Miners' union has called on the engineers and pumpmen to aid in the struggle. Further trouble is now looked for. Bondholders of the Louisville & New Albany have announced a plan for foreclosure and inauguration of a new company. O. B. Tennis, wholesale straw goods, at Chicago, has confessed to judgments aggregating $44,000. Poor collections caused the failure. Harry St. John, son of ex-Governor St. John of Kansas, has died of grip. He was under indictment at Oklahoma City for wife murder. Policyholders in the Massachusetts Benefit Life association have petitioned Governor Wolcott for an investigation of the association's affairs. At We-Wo-Ka. capital of the Seminole nation, an Indian was shot in the presence of a large crowd of persons for a murder committed six months, ago. George Coppell, chairman of the Wisconsin Central reorganization committee, says a plan is now in the hands of a subcommittee. He declines to give details. Lester F. Thurber of Nashua, N. H., has been appointed assignee of the Security Trust company of Nashua and the company has been enjoined from doing business. Buford Overton, who murdered and robbed Gus Loeb and his wife, will be hanged at Harlan, Ky., on Monday. His friends have sworn they will attempt his rescue. Alfred Cummings, a decrepit veteran of the Mexican war, was murdered at his home near Leavenworth, Kan. He was a miser and was evidently killed by a blow from behind with a hatchet. The Minnesota Methodist conference has expelled Rev. J. C. Hall from the ministry. Hall was a St. Paul minister accused of poisoning his wife. He has not yet been tried in civil court. Granville Harbert of Lima, O., and his family were taken violently sick after eating hot biscuits made from flour with which rat poison had been mixed. Harbert and his daughter, Mrs. Albert King, are dead. A. receiver has been asked for in the supreme court at Boston for the Union Loan and Trust company of that city. The president of the company says the bank will be able to increase the reserve fund if it be given a little temporary assistance. Foreign. George du Maurier's remains were cremated at Woking. Funeral services will be held Tuesday at Hampstead church. The czar and ezarina have promised the Due l'Aumales to visit the castie of Chantilly when they revisit Paris in the spring. Hon. L. H. Davies, Canadian minister of marine and fisheries, announces that the commission to inquire into the Bering sea claims will sit at Victoria, B. C., next month.

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rwo EASTERN BANKS IN TROUBLE Nashua Concern Now Has a Receiver. Nashua, N. H., Oct. 10.-Lester F. Thurber of this city was appointed assignee of .he Security Trust Company of Nashua, ipon petition of the state commissioners, ind the company has been enjorned from loing business in this state. Thurber will De required to furnish bonds for $60,000. The trust company was enjoined during the panic of 1893, but latter the injuncion was modified so that it was permitted to do business. The present suspension is said to be due to the same causes which operated before, principally a diffijulty in making collections in the west. F. S. Sargent, treasurer of the bank, stated that the bank had a capitalization of $200,000 and a surplus of $140,000. In the savings department are savings amountng to $300,000 and check accounts of $125,000. Boston Bank Hard Up. Boston, Oct. 10. - An application was presented to the supreme court today by he saving bank commissioners asking for in injunction to restrain the Union Loan ind Trust Company of this city from dong business. The appointment of a reeiver is asked for. The hearing has been ixed for Tuesday next. The company was formed in 1894 with a capital of $100,000. September 10 the :labilities were $363,844, with resources placed it the same figure. Ex-Senator Clark of Lynn, president of the company, says hat he does not fear a run on the institution, and with temporary assistance the bank will be able to comply with the commissioners' demand, that the reserve fund be increased.

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Thetrial of Dr

J. C. Moore, at Nashua, has now been set for the 19th inst. William Phillips of Winchester had one rib broken and his face and body severely bruised by being thrown from his wagon Saturday, his horse having been frightened by a bicycle. The Security Trust company of Nashua has assigned. The company, which did a savings bank business, has a capital of $200,000 and a surplus of $40,000 and the deposits amount to $125,000. It is stated that the depositors will suffer no loss. The policy of insurance for $1200 reported to be held by Carl Britton on his stock, when his store in Westmoreland was recently burned, lapsed Sept. 3, so that Mr. Britton apparently had no insurance. The building, which was owned by Mrs. Kendall, was insured for $600. A second attempt was made to burn the armory of the Keene Light Guard Thursday night of last week. A member who happened to be in another part of the building smelled smoke and discovered a burning pile of wood in the basement. A dipper was found near by which had contained kerosene. A recent unsuccessful attempt was made to rob the safe of Chamberlain, Patten & Co. at Nashua. Eight holes were drilled in the safe, and two explosions of dynamite blew to pieces the outer plate, and made two large holes in the composition, but the inside composition held, and the contents of the safe were not revealed. Clinton Harder of Winchester was badly scalded on Thursday morning of last week while at the breakfast table. In some manner the strings hanging from the neck of his sweater became entangled in the coffee pot, pulling it over upon him. The coffee was boiling hot and literally cooked his flesh, the skin peeling off in large pieces. James Fitch, a prominent farmer of Cornish, ex-selectman, a deacon of the Congregational church, and an agent of the Grange insurance company, has absconded and is a defaulter to the amount of several thousands of dollars belonging to the company. His son drove him to Claremont last week to take the train, and he sent back a letter to his wife stating that he was a defaulter and that they never would see him again. It is said there is a woman in the case. He is said to be owing several men in Cornish sums ranging from a few dollars to $500, some of the men being his bondsmen. He is about 50 years old.

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COMPANY'S NET LOSS $50,000. Nashua's Defunct Trust Company Not Likely to Rebuild. NASHUA, N. H., Dec. 21-The news of the burning of the Peerless and Nash blocks and the Dakota hotel at Grand Forks. N. D., has just been received in this city, and has created great consternation among the depositors and stockholders in the Security Trust company. James Rus. sell, who has made several trips to the Dakotas in the interests of the trust company, placed the loss to the company at upward of $100,000. The hotel was in the name of George Clifford, former secretary of the Security Trust company. and cost about $175,000. The Nash building is nominally owned by Frank E. Anderson of this city, a heavy owner in the trust company's store, and was mortgaged for $12,000. The Peerless building was encumbered with a $20,000 mortgage, its full value. Each of these buildings was erected with money furnished by the Security Trust company. The hotel is encumbered with $105,000 in mortgages and moreover the interest on the mortgages has not been paid for a long time past and rental for the hotel is away behind. The total insurance on the property is $85,000 and the net loss on the Security Trust company will be in the neighborhood of $50,000. There is no chance of the building being rebuilt, as the company is in the hands of a receiver, having invested about $750,000 in Grand Forks already. The lessees of the hotel also controlthe Brevoort house. and are not regarded as being likely to encourage any one to rebuild the Dakota.

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COMPANY'S NET LOSS $50,000. Nashua's Defanct Trust Company Not Likely to Rebuild. NASHUA, N. H., Dec. 23-The news of the burning of the Peerless and Nash blocks and the Dakota hotel at Grand Forks, N. D., has just been received in this city, and has created great consternation among the depositors and stockholders in the Security Trust company. James Russell, who has made several trips to the Dakotas in the interests of the trust company, placed the loss to the company at upward of $100,000. The hote! was in the name of George Clifford, former secretary of the Security Trust company. and cost about $175,000. The Nash building is nominally owned by Frank E. Anderson of this city, a heavy owner in the trust company's store, and was mortgaged for $12,000. The Peerless building was encumbered with a $20,000 mortgage, its full value. Each of these buildings was erected with money furnished by the Security Trust company. The hotel is encumbered with $105,000 in mortgages and moreover the interest on the mortgages has not been paid for a long time past and rental for the hotel is away behind. The total insurance on the property is $83,000 and the net loss on the Security Trust company will be in the neighborhood of $50,000. There is no chance of the building being rebuilt, as the company is in the hands of a receiver, having invested about $750,000 in Grand Forks already. The lessees of the hotel also control the Brevoort house, and are not regarded as being likely to encourage any one to rebuild the Dakota.

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RECEIVERS NOT CE

UNITED STATES CIRCUIT COURT-DIStrict of Minnesota, Fourth Division. L. C. Pattee, complainant, VS. Security Trust Company, a corporation, and Lester F. Thurber, defendants. Pursuant to an order made February 4th, 1898, in the above-entitled cause, which order is now on file in the office of the Clerk of said court, Notice is hereby given to all persons residing in the State of Minnesota having claims against the Security Trust Company of Nashua, New Hampshire, to present their claims to the undersigned Receiver of said company, for allowance, on or before June 1st, 1898. All claims not so presented within said time will be barred from participating in the distribution of the assets of said company by the undersigned Receiver. Dated this 7th day of February, A. D. 1898. F. S. SARGENT, Receiver of the Security Trust Company of Nashua, New Hampshire, for the District of Minnesota. Office in Security Building, Grand Forks, No. Dak. Templeton & Rex, Counsel for Receiver, Grand Forks, N. D.

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RECEIVERS NOTCE

UNITED STATES CIRCUIT COURT-DIStrict of Minnesota, Fourth Division. L. C. Pattee, complainant, VS. Security Trust Company, a corporation, and Lester F. Thurber, defendants. Pursuant to an order made February 4th, 1898, in the above-entitled cause, which order is now on file in the office of the Clerk of said court, Notice is hereby given to all persons residing in the State of Minnesota having claims against the Security Trust Company of Nashua, New Hampshire, to present their claims to the undersigned Receiver of said company, for allowance, on or before June 1st, 1898. All claims not so presented within said time will be barred from participating in the distribution of the assets of said company by the undersigned Receiver. Dated this 7th day of February, A. D. 1898. F. S. SARGENT. Receiver of the Security Trust Company of Nashua, New Hampshire, for the District of Minnesota. Office in Security Building, Grand Forks, No. Dak. Templeton & Rex, Counsel for Receiver, Grand Forks, N. D.

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RECEIVERS NOTCE

UNITED STATES CIRCUIT COURT-DIStrict of Minnesota, Fourth Division. L. : C. Pattee, complainant, VS. Security Trust Company, a corporation, and Lester F. Thurber, defendants. Pursuant to an order made February 4th. 1898, in the above-entitled cause, which order is now on file in the office of the Clerk of said court, Notice is hereby given to all persons residing in the State of Minnesota having claims against the Security Trust Company of Nashua, New Hampshire, to present their claims to the undersigned Receiver of said company, for allowance, on or before June 1st, 1898. All claims not so presented within said time will be barred from participating in the distribution of the assets of said company by the undersigned Receiver. Dated this 7th day of February, A. D. 1898. F. S. SARGENT Receiver of the Security Trust Company of Nashua, New Hampshire, for the District of Minnesota. Office in Security Building, Grand Forks, No. Dak. Templeton & Rex, Counsel for Receiver, Grand Forks, N. D.

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RECEIVERS NOTCE

UNITED STATES CIRCUIT COURT-DIStrict of Minnesota, Fourth Division. L. C. Pattee, complainant, vs. Security Trust Company, a corporation, and Lester F. Thurber, defendants. Pursuant to an order made February 4th, 1898, in the above-entitled cause, which order is now on file in the office of the Clerk of said court, Notice is hereby given to all persons residing in the State of Minnesota having claims against the Security Trust Company of Nashua, New Hampshire, to present their claims to the undersigned Receiver of said company, for allowance, on or before June 1st, 1898. All claims not so presented within said time will be barred from participating in the distribution of the assets of said company by the undersigned Receiver. Dated this 7th day of February, A. D. 1898. F. S. SARGENT, Receiver of the Security Trust Company of Nashua, New Hampshire, for the District of Minnesota. Office in Security Building, Grand Forks, No. Dak. Templeton & Rex, Counsel for Receiver, Grand Forks, N. D.