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It Was a False Alarm. HOLYOKE, Mass, March 2-A heavy run was made Thursday on the Holyoke Savings bank, a very strong institution financially, owing to a false report that it had suspended. The rumor was started by a German who visited the bank Wednesday after banking hours and seeing the sign "closed" on the door thought that the institution was bankrupt.
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According to the auditor's report of Saugus, Mass., the actual amount of Tax Collector Copp's defalcation was $21,098.07. Pillsbury Bros., Tilton, N. H., having sold their shoe manufacturing business, will equip their factory for the manufacture of woolen goods, which they will carry on in association with S. B. Peabody, the Tilton woolen manufacturer. Eight sets of machinery will be placed in the Pillsbury factory, and the new firm will employ 225 men. Several cases of glanders have been reported at Fall River, Mass. The E. & T. Fairbanks Co., St. Johnsbury, Vt., have declared a dividend of 3 per cent., payable April 1, to all stockholders on record March 15. Malden's new water tank at the summit of Waitt's Mount is nearly completed, and is one of the largest in the United States, it being 70 feet across and 40 high. It is to be used in connection with the water supply from Eaton's meadow at Maplewood. Emery & Holmes, boot and shoe manufacturers, now located at Biddeford, Me., have signified their intention of locating in Taunton at the solicitation of O. L. Merriam, upon the assurance that the citizens would furnish at least $2000 to pay the expense of moving and locating. The citizens have taken hold of the matter with a will, and there is no doubt that the requisite amount will be raised. There was quite a run on the Holyok (Mass.) Savings bank one day last week, caused by a German depositor's ignorance. He called at the bank after hours, and, of course, found the doors locked. The usual sign "Closed" caught his eye, and going down to South Holyoke he spread the report in the German quarter. The rumor soon reached the Lyman mills and caused great consternation among the female employes. The bank is perfectly sound. L. E. Lindsay & Co., grocers, Laconia, N. H., have been attached by Boston parties. Liabilities said to be about $10,000. The great debate in the senate at Augusta, Me., on the Australian ballot bill proves one of the most exciting in legislative halls for years. The senate chamber is crowded with spectators, among whom are many prominent politicians.
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There was a run on the Holyoke, Mass., savings bank last Friday, $40,000 being withdrawn by frightened depositors. The run was started by the blunder of a clerk, who left the placard "Closed," which is hung outside after bank hours, hanging there after the opening of the bank. Maggie St. Clair was instantly killed in a runaway accident at Barre, Mass, Saturday, and Deacon Jason Desper and Agnes Craddock were seriously injured. A ton of giant powder exploded at Acton, Mass, Monday, wrecking two buildings and killing one man.