Full suspension, Books examined
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Effect of the Boston Bank Failure. DAMARIBOOTTA, Mr., Nov. 8.-The announcement of the failure of the Maverick Bank, which held $40,000 of the funds of the First National Bank of this town, caused a run by the depositors and the bank has temporarily suspended solvent. payment. The bank is perfectly
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Effect of the Boston Bank Failure. DAMARISCOTTA, Mr., Nov. 8.-The announcement of the failure of the Maverick Bank, which held $40,000 of the funds of the First National Bank of this town, caused a run by the depositors and the bank has temporarily suspended payment. The bank is perfectly solvent.
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- The controller of the currency has received information that the First National Bank of Damariscotta, Me., had been forced to suspend payments in consequence of the failure of the Maverick National Bank of Boston. He said that the bank is in good shape and will undoubtedly be able to resume business in a short time.
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Solvent, but Had to Suspend. DAMARISCOTTA, Me., Nov. 4.-The announcement of the failure of the Maverick bank, which held $40,000 of the First National bank of this town, caused a run by the depositors, and the bank has temporarily suspended payment. The bank is perfectly solvent.
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DAMARISCOTTA, Me., Nov. 4.-It is stated that an examiner has been ordered to take charge of the First Nat ional bank, which suspended Monday, owing to the failure of the Maverick bank in Boston. The bank is said to be perfectly solvent.
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DAMARISCOTTA (Me.), Nov. 3.-The announcement of the fall ure of the Maverick National Bank, which h Id $40,000 of the funds of the First National Bank of this town, caused a run by depositors, and the bank has temporarily suspended payment. The bank is perfectly solvent. It is stated an examiner has been ordered to take charge of the bank.
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A Run on a Maine Bank. DAMARISCOTTA, ME., Nov. 3.-The announcement of the failure of the Maverick bank, which held $40,000 of the First National Bank of this town, caused a run by the depositors and the bank has temporarily suspended payment. The bank is perfectly solvent.
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DAMARESCOTTA, Me., Nov. 3.-[Special.]-The announcement of the failure of the Maverick Bank, which held $40,000 of the funds of the First National Bank of this town. caused a run by depositors, and the bank has temporarily suspended payment. The bank is perfectly solvent.
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in view of the disclosures connected with their arrest makes it doubtful if the 100 per cent. assessment to be levied on the stockholders will yield anything on the 2,300 shares held by those gentlemen. This view of the situation corresponds with that held by others who are posted in the matter. DRAGGED DOWN BY THE MAVERICK. Damariscotta, Me., Nov. 4. -The Maverick national bank of Boston held $40,000 of the funds of the First national bank of this city. The news of the failure of the former reached here Monday morning, and a run was at once started on the First national. It soon suspended payment and closed its doors.
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bank's assets by 20 per cent to allow for forced shrinkage resulted in a bad showing. Mr. Potter said that he personally could have settled the bank's indebtedness without the loss of a dollar to either stockholders or depositors, if given a little time. It now looks as if depositors would not get more than 70 cents on the dollar out of the wreck. The arrests and consequent loss of confidence will depreciate the returns from assessed stockholders. As a result of this failure. in which there is an indebtedness of $40,000 to the First National Bank of Damariscotta, Me., the latter has had a run and has suspended payment. although evidently solvent. The bank examiner has taken charge of it.
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DAMARISCOTTA, Nov. 6.-It is stated that an examiner has been ordered to take charge of the First National bank which suspended, owing to the failure of the Maverick bank of Boston. Bank Examiner Parker of Lewiston. is expected. and in the meantime little information is obtainable as to the bank's condition. although a director asserts that depositors will be paid in full. The last statement of the bank, Oct. 2, gave its assets at $156,028, including loans of $73,636. Its depositors were $72,473; surplus,$15.000;ndivided profits, $7,020.
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Washington, Nov. 28.-The Bank Examiner who has had charge of the Damariscotta National Bank of Damariscotta, Me., ever since its suspension informed the Controller of the Currency last evening that he would turn the bank over to the directors this mornIng, with a view to the resumption of business.
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WASHINGTON, November 28.-The bank examiner who has had charge of the Damariscotta National Bank of Damariscotta, Me., ever since its suspension, informed
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DAMARISCOTTA (Me.), Nov. 30.-The First National Bank, which closed its doors on account of the suspension of the Maverick Bank, has resumed business.
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DAMARISCOTTE, Me., Nov. 30.-The First National bank, which closed its doors on account of the suspension of the Maverick bank, has resumed business.
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DAMARISCOTTA (Me.), Nov. 30.-The First National Bank, which closed its doors on account of the suspension of the Maverick Bank, has resumed business.
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DAMARISCOTTA, Me., Nov. 30.-The First National bank, which closed its doors on account of the suspension of the Maverick bank, has resumed business.
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DAMARISCOTTA, Me., Nov. 30.-The First National bank, which closed its doors on account of the suspension of the Maverick bank, has resumed business.
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Damariscotta, ME., Nov. 30-The First National Bank, which closed its doors on account of the suspension of the Maverick Bank of Boston, has resumed business and is transacting its affairs as usual.