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# BIG DEFICIT IN # ALLEN'S FUNDS? The fact that there was a small run on the Centreville Savings bank at Arctic Centre yesterday and on two previous days has caused much talk, and several stories have been in circulation which are partly denied by Thomas W. D. Clarke, cashier of the institution. Reports gained to the effect that the bank had loaned money to the late town treasurer, John B. Allen, without the endorsement of the town debt committee, are denied by the cashier. It has also been generally thought that the bank was interested in the grain deal in which Mr. Allen was concerned; but this is also denied by Mr. Clarke, who says that neither the bank nor himself was interested in the deal, although a prominent citizen said yesterday that the agent of the concern told him that he sold to Mr. Clarke shares in the grain company, but did not say in whose name the stock was bought. Mr. Clarke admitted that the grain company had a sum of money in the bank at the time of Mr. Allen's death, and that the new treasurer withdrew the amount and deposited it in a Providence bank. Mr. Clarke said that there was a small run on the bank, but that most of the depositors who withdrew their money were small ones, with accounts ranging from $100 to $300 each. As a matter of fact, the majority of the depositors aer small ones; and of the 1343 depositors 110 have deposits of between $500 and $1000 and but 88 have more than $1000, according to the annual statement on the condition of state banks for 1906. A story in a Boston newspaper says that "the report of the auditors of the accounts of Town Treasurer John B. Allen shows a shortage of some $40,000." John Cassidy of Riverpoint, one of the committee of investigation appointed by the town council on Monday, when questioned regarding this today, said: "It isn't true, because the auditor employed to go over Mr. Allen's books has not yet received them and will not do so until next week."
