6797. Citizens Savings Bank (Leavenworth, KS)

Bank Information

Episode Type
Suspension → Closure
Bank Type
savings bank
Start Date
July 27, 1887
Location
Leavenworth, Kansas (39.311, -94.922)

Metadata

Model
gpt-5-mini
Short Digest
d5d0163d

Response Measures

None

Description

Multiple contemporary dispatches report the Citizens' Savings Bank at Leavenworth made an assignment (suspended) after its president R. P. Clement/Clements absconded following large embezzlements/speculative losses (~$30k–$51k). The bank made an assignment for creditors and a temporary assignee (John Wilson) was named. No explicit successful reopening is reported; description implies permanent failure/closure. OCR/variant spellings corrected (Clement(s), Citizens' Saving(s) Bank).

Events (1)
1. July 27, 1887 Suspension
Cause
Bank Specific Adverse Info
Cause Details
President R. P. Clement(s) absconded after large embezzlement/speculative losses in wheat; defalcation estimated $30,000–$51,000, triggering assignment and suspension.
Newspaper Excerpt
The bank has made an assignment for the benefit of its creditors. John Wilson will take charge of the bank.
Source
newspapers

Newspaper Articles (13)
1. July 28, 1887 New-York Tribune New York, NY
Article from New-York Tribune, July 28, 1887

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STOLEN BY A BANK PRESIDENT. STEALING $51,000 AND DISAPPEARING. WORKINGMEN IN KANSAS CITY FIND THEIR BAVING LOCKED UP AND PROBABLY LOST. [BY TELEGRAPH TO THE TRIBUNE.) KANSAS CITY, July 27.-The most intense excitement prevails in Leavenworth, Kan., over the collapse this morning of the Citizens' Saving Bank. shortly after 9 o'clock an anxious crowd began gathering about the building, waiting for the doors to open. Vainly the crowd waited and at about 11 o'clock the information was made public that the bank was no longer solvent. At noon it was learned that President R. P. Clements had gone to some point East or North where he is now safe from all danger. Clements went away on Sunday evening. This morning the bank officials received a letter from him saying that he had lost $22,000 in wheat speculation. The total em bezzlement, with what he took in ready cash. will amount to $51,000. He also said that the savings bank would not be affected and that the Metropolitan Bank was the loser. This can be taken for what it is worth. The Metropolitan Bank was merged into the savings bank about a year ago. The following notice was posted in the window at 11 o'clock: The bank has made an assignment for the benefit of its creditors. John Wilson will take charge of the bank. The absconder, before he left, transferred $17,000 to his brother-in-law, who, It is said, will turn the property over to the bank for the benefit of the creditors. Clements sent his family to Canada about a month ago. The letter from him was the first indication the bank officials had of anything wrong. They worked hard last night trying to get matters straight. Word was spread through the crowd that only the Metropolitan Bank was affected, and that the Citizens' Bank would pay in full. This seemed to allay the panic. The depositors are nearly all poor workingmen. It is likely that all will lose the larger amount of their deposits. If the absconding presdent could have been found this morning he would have been summarily dealt with by the crowd. FOR MONEY LENT TO JEROME FASSLER. SPRINGFIELD, Ohio, July 27.-The sensation in commercial circles to-day is the bringing by William N. Whiteley, receiver of the insolvent firm of Whiteley, Fassler & Kelly, of an attachment suit against Jerome Fassler, a former member of the firm, for $84,225 24. The petition claims that the money is due as follows: $27,000 for railroad bonds purchased from the firm by Fassier. September 7. 1880; $10,000 for a piece of city property at Market and Mulberry sts., purchased by the defendant October 8, 1881 : $49,225 24 money advanced to the defendant as shown by the cash-book. Jerome Fassier is an eccentric man. Mr. Fassier is interested in the Arcade Railway Company of this city, and has for some time taken a personal hand in promoting its welfare. Dispatches published yesterday said that he is eccentric. His associates here speak of him as a quiet, unassuming man who retired from business a few years ago with a large fortune. He is an ardent believer in the Arcade Company's purposes, has taken a desk in its offices, and gives personal attention to the development of the enterprise. Mr. Fassier was not at the office yesterday. It is understood that he will contest the claim vigorously, claiming offsets.

2. July 28, 1887 Los Angeles Daily Herald Los Angeles, CA
Article from Los Angeles Daily Herald, July 28, 1887

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An Absconding Cashier. ST. LOUIS, July 27.-A special from Leavenworth, Kan., says that the Citizens' Savings Bank assigned this morning and that the cashier has absconded.

3. July 28, 1887 The Morning News Savannah, GA
Article from The Morning News, July 28, 1887

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A Bank Cashier Absconds. ST. LOUIS, July 27.-Specials from Leavenworth. Kan., say the Citizens' Savings Bank assigned this morning and that the cashier has absconded.

4. July 28, 1887 The Cheyenne Daily Leader Cheyenne, WY
Article from The Cheyenne Daily Leader, July 28, 1887

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TELEGRAPHIC BREVITIES. Armour's new beef house at the Chicago stockyards were destroyed by fire yesterday. The Chicago wheat market closed firm yesterday. Cash and August 691, September 72 3-16. The Citizens' Savings bank at Leavenworth, Kan., assigned yesterday. The cashier has absconded. Heavy thunder storms with rain visited New York State yesterday, and much damage was done in various places.

5. July 28, 1887 San Antonio Daily Light San Antonio, TX
Article from San Antonio Daily Light, July 28, 1887

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TELEGRAPHIC BREVITIES. The forts at Cologne have all been strengthened. Heavy rains threaten the City of Mexico with innundation. The Paris Opera Comique company resume at the Gaietie. The pope's agent and envoy in Ireland has sent in his report. The ezar and ezarina witness the launch of a new 8,440-ton armored ship. Gladstone addresses the liberal radical council tomorrow. Michigan capitalists propose a new line from Duluth to Mackinaw straits. Brenham lightning kills three and stuns a fourth. Police are still arresting the Gainsville murderer. Maryland democrats nominate Elehu E. Jackson for governor. President John Taylor of the Mormon church is dead. New York prohibs nominate city and county ticket. Barney A. Hearne, laborer, dies of sunstroke at Dallas. Fatal horse disease in Sherman car stables. Pittsburg and Atlanta report lynching of rape fiends. Nothing new in the Henrietta bank failure. McGlynn continues his attacks upon the Catholic church. Waterspout in Giladara region does great damage to crops. The Tyler horticultural exhibit is a success. Three members of the Irish constabulary resign as a protest against coercion. The second ecumenical council of the Methodist church will be held in this country in 1891. French government will complete the great works on the Seine at Havre, expending $25,000,000. Mrs. Susan Reed, wife of Missionary Howland, who has been 42 years in Ceylon, is dead. Citizens' Savings bank of Leavenworth, Kas., suspends. President Clement absconds. Lester, of Nashville, deliberately kills lawyer Lane, of that city, without provocation. Heavy rains overflow the Schuylkill at Philadelphia flood some streets six feet deep and do $100,000 damage. Damage by rain and storm within a radius of 25 miles from Reading, Pa., is $150,000. Riverside iron and steel company, Cincinnati assign. Liabilities $200,000: assets $500,000. Ohio republican convention unanimously indorse Sherman for presidential nominee. Brownsville threatens to poll only ten per cent. of a full vote on the amendment. New York police recover 15 cases of hosiery, silk and underclothing from thieves. Bandits robbed a moving family and outraged the women, near Poquitos ranch. If caught by the posse in persuit Judge Lynch will administer justice. Two women taken from their homes and cowardly maltreated by some virtuous(?) matrons at Hardy Oak. The women were respectable. Austrian miners at Barton, Ind., had a wedding winding up with a pistol fight. Two men killed and two more likely to die. Freight train runs into a construction train on the Chicago and Alton. near Bloomingdale, Ills., and kills five outright, wounding many others.

6. July 28, 1887 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, July 28, 1887

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A SPECULATING BANKER He Puts His Depositors' Money on the Wrong Side of Wheat and the Bank Suspends. LEAVENWORTH, Kan., July C-Considerable excitement was occasioned this morning when, shortly before 10 o'clock, the Citizens' Savings Bank closed its doors. A large crowd soon gathered in front of the building and word was passed around that the president of the institution, R. P. Clement, was a defaulter in a large amount and had absconded. Subsequent developments confirmed the rumor. Clement left town on Sunday night. ostensibly for St. Louis, on business connected with the bank, no one ever dreaming that anything was wrong until yesterday, when W. B. Slosson. one of the bank's directors, in examining the records in the county recorder's office, noticed that a large amount of real estate in the city belor ging to Clement had been transferred to his (Clemment's) brother-in-law, one Chinery. Mr. Slosson suspected something wrong, and when, later,in the day, he confronted Chinery, the latter confessed that Clement had absconded. A meeting of some of the directors and attorneys was called, and the conference lasted far into the night. Meantime the bank's books were hastily examined, and large discrepancies discovered. It was developed that Clement left a letter in the hands of his brotherin-law for the directors, in which he confessed the defalcations, attributing his downfall to speculation in wheat and other ventures in which he had lost upwards of $50,000. It is said that this afternoon Chinery made a complete transfer of Clement's real estate in favor of the bank, amounting in all to about $20,000. This transfer was obtained through (the efforts of Vice-president G. W. Mickle and W. B. Slosson. The full amount of the defalcation is unknown, but it(is variously estimated at $30,000 to $30,000. This afternoon notice was posted that the bank had made an assignment for the benefit of its creditors, and Mr. John Wilson was made the temporary assignee. The local stockholders are among the wealthiest citizens, and declare that depositors will be paid in full. The aggregate amount of deposits and liabilities is said to be about $100,000. The directors claim that they have discovered about $60,000 in cash and securities remaining in the bank, and expect to find more. Sixty thousand dollars of the stock was held by parties in New York and Boston, and about $15,000 of the stock was held by Mr. Clement and by Mr. Stone, and the balance by the directors in this city. Clement is supposed to be in Canada.

7. July 28, 1887 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, July 28, 1887

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Cashier Gone. ST. LOUIS, July 27.-A special from Leavenworth, Kansas, says: "The Citizens Savings Bank assigned this morning, and the cashier has abseconded."

8. July 28, 1887 Rock Island Daily Argus Rock Island, IL
Article from Rock Island Daily Argus, July 28, 1887

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CONDENSED NEWS. Queen Victoria has been invited by King John, of Abyssinia to mediate between that country and Italy. Several business houses at Lincoln, Neb., were destroyed by fire Wednesday, the total loss exceeding $75,000. The loss by the floods in eastern Pennsylvania aggregate $100,000 in Philadelphia and over $150,000 in and about Reading. The pope has bestowed gold medals upon Emperor William, Prince Bismarck, the queen of Spain, and Senor Castillo in cominemoration of the Caroline islands arbitration. The naval board appointed to examine the new cruiser Atlanta finds that the vessel, with its present armament, is wholly unfit for service. The Boston and Chicago are supposed to be in the same condition. The Citizens' Savings bank of Leavenworth closed its doors Wednesday. The president, Clemens, is a defaulter to the tune of about $40,000. and has left for parts unknown. The bank held over $100,000 of deposits. A Pre-emption (Illinois) stock-raiser was at the Chicago stock yards Wednesday with some cattle that he was forced to sell, as there was no grass or water on his farm. The cattle have been fed on hay all summer. There was another sequel to the Fidelity bank affair at Springfield, Ohio, Wednesday, when the receiver for Whitely & Co., who went down with a crash, brought suit against Jerome Fassler, late a member of the firm, for $84,225.24. Gen. Clinton B. Fisk, the noted Prohibition leader, of New Jersey, predicts President Cleveland's renomination and re-election. He says the Prohibitionists will nominate a national ticket next year, and believes a combination between them and the labor party not improbable. A project for the transfer of the Baltimore & Ohio telegraph lines to an organization composed of the present employes of the company has been submitted to Mr. Garrett It is fathered by a syndicate of capitalists, whose object is to secure a permanent competitor of the Western Union.

9. July 30, 1887 Great Falls Tribune Great Falls, MT
Article from Great Falls Tribune, July 30, 1887

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Gone to Canada Perhaps. ST. Louis, July 28.-A special from Leavenworth, Kansas, says that the Citizens Saving bank assigned yesterday morning, and that the cashier has absconded.

10. July 30, 1887 The Livingston Enterprise Livingston, MT
Article from The Livingston Enterprise, July 30, 1887

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NEWS OF THE WEEK. The citizens savings bank of Leavenworth, Kansas, has assigned and the cash1er absconded.

11. August 3, 1887 The Vermont Watchman Montpelier, VT
Article from The Vermont Watchman, August 3, 1887

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FLOODS have done a million dollars dam- age at Augusta, Ga. THE PRESIDENT has accepted an invitation to visit Kansas City. DAVID CITY, Nebraska, has been half de- stroyed by a cyclone. THE city of Dublin has been partially pro- claimed under the crimes act. GENERAL BOULANGER has sent his seconds to M. Ferry to arrange a duel. THE Pope has decided not to interfere in the Knights of Labor question. MCGARIGLE, the fugitive Chicago boodler, was seen by a reporter in Sarnia. THE Boston block in Minneapolis was damaged $500,000 by fire last week. FROM fifteen to twenty deaths from cholera are reported in Catania, Italy, daily. THE total internal revenue receipts will show a falling off of about $2,000,000. WHEAT, corn, oats, oil, beef and hogs are all lower than they were a week ago. It turns out that but two-thirds of the new Panama canal loan has been taken. AGOSTINO DEPRETIS, the Italian prime minister, is dead, at the age of seventy-six. THE French steamer "La Verite" has been destroyed by fire. Six lives were lost. THERE were twenty-two cases of heat prostration Friday in New York city, five fatal. THE report of Mr. Blaine's intention to re- turn at an early day to the United States is denied. SENATOR E. JACKSON of Wicomico county is the democratic nominee for governor of Maryland. THE grain crop in eastern Oregon and Washington Territory is the largest and best in their history. It is expected that at least 75,000 veterans will attend the coming Grand Army encamp- ment at St. Louis. LORD SALISBURY, speaking at Norwich, warned his party to prepare for a dissolu- tion of parliament. CROPS in northern and eastern New York, Vermont and western Massachusettes indi- cate a bountiful yield. SOME of the Knights of Labor have issued a circular expressing dissatisfaction with the present constitution. THERE is a story that Bishop Loughlin of Brooklyn has been summoned to Rome for burning a papal mandate. NINETEEN persons died Sunday in New York city without medical attendance, the largest number on record. THROUGH the knavery of President Clem- ent the Citizens' Savings Bank of Leaven- worth, Kansas, has failed. THREE persons were killed by lightning at Bertram, Texas, Thursday. The flash came from a cloudless sky. Two children were suffocated and ten other persons fatally burned by the destruc- tion of a bakery in Chicago. THE promoters of the Tehauntepec ship railway met at Pittsburgh Wednesday and determined to push the work. SEVERE thunder-storms, accompanied by loss of property, are reported from Contoocook and Franklin Falls, N. H. A WAGON was run into by a train at Lake View, Mich., Saturday and two ladies were killed and a girl fatally injured. MRS. WILSON BARRETT, the actress, has just died in London after a long illness. Her stage name was Miss Heath. THE steamship "Umbria," west bound, last Wednesday encountered a huge cyclone wave and was damaged thereby. THE heat at New York Sunday was in- tense. There were thirty-one cases of heat prostration, four resulting fatally. THE New Hampshire senate passed a bill prohibiting the use of barbed wire fences without a top rail or board of wood. THE Pittsburg iron workers are becoming dissatisfied with Powderly and threaten to cut loose from the Knights of Labor. THE liberals have won the parliamentary election to fill a vacancy in Gloucestershire, making great gains and gaining a seat. THE Henrietta (Texas) National Bank has suspended business on account of the de- pressed condition of the cattle market. A CYCLONE created havoc to the crops in the vicinity of Fort Worth, Texas, and in- jured the town to the extent of $40,000. PRESIDENT FITZGERALD of the Irish National League discountenances the forma- tion of the Anti-Coercion Society at Chicago. NEARLY $4,000 have been extorted from a rich Philadelphia spinster, who is made to believe she is under the spell of evil spirits. MRS. ANNA SHOOKS of Adamsville, Ohio, is under arrest, charged with poisoning her four children. The family is prominent in society. NEWS has been received of the death at Ceylon of Mrs. W. W. Howland, the oldest missionary in active service of the Ameri- can Board. MISS HENRIETTA HILL, a leading member of the Central Congregational church, Brooklyn, has married Ju Sing, a Chinese evangelist. AT Richmond, Ind., Joseph Rich, his child and wife's mother were cut to pieces by the cars. They attempted to cross the tracks in a carriage. In a thunder-storm at Middletown, Ct., a cow was struck by lightning and her horns were knocked off, but she was not in- jured otherwise. A DOZEN persons were taken out uncon- scious from a burning tenement-house in Chicago Friday. Two died from the effects and others may die. THERE is a sensation at Ottawa caused by the statement that D'Arcy McGee was killed by a Quebec lawyer, and not by Whalen, who was hanged. CHAUNCEY M. DEPEW and ex-Governor Alger of Michigan went to Europe to secure the aid of English capital in building a new trunk line across the continent. A COLLISION on a bridge near Hopedale, Ill., on the Alton road, between a construc- tion and freight-train, resulted in the death of five men and injury to seven others. FRANK BROWN, a well-known farmer of Dover, N. H., who weighed 423 pounds and was said to be the largest man in New Hampshire, died rather suddenly Monday. THE Tribune says last July was the warm- est month in New York since 1876; and many points in the Atlantic States have had no parallel for more than seventeen years. DAMAGE by freshet in Green River Valley, Mass., is more widespread than at first sup- posed. Crops were ruined, buildings swept away and the roads washed in every direc- tion. A FIRE at Georgetown, Ky., destroyed seven buildings in the principal business block of the town, including the office of the Times newspaper. Total loss estimated at $60,000. THE Contoocook and Warren rivers in New Hampshire overflowed their banks in conse- quence of the heavy rains, and much dam- age was done. Crops were ruined and busi- ness suspended. A PARTY of five girls at Cohoes, N. Y., had a thrilling experience at boating, four of them being carried over a dam, while the fifth hung in the rapids for half an hour.

12. August 4, 1887 Reporter and Farmer Webster, SD
Article from Reporter and Farmer, August 4, 1887

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Ohio Republican State Convention The Ohio State Republican Convention was held at Toledo, and contiary to rumore, was entirely harmonious. John Sherman was made permanent chairman The platform previously adopted unani mously recommeaded him for the presidency of the United States. Senator Sherman said: I tell you with all frankness that I think more of your unanimons praise this day uttered than do of the office of president of the United States would rather feel that stood before you now at this peri od of my life, man and boy living always in Ohio-that now, at this late period, the Republicans of Ohio, for whose welfare I have devoted so much of my life are willing to say this much for me. I know that this resolution is of no importance unless the voters of the districts of Ohio and of the Union shall, of their own free choice, elect delegates who will agree with you in your opinion. I recognize the distinct rule and right of every district to speak it own voice. Thespeech was received with every dem onstration of applause, especially his dis claimer that the endorsement resolution had any binding effect upon the district conveations. He received a tremendous round of cheers at the close Dr. Graydon nomina Gov. Foraker for a second term in a ten-minute speech. There was much cheering and the motion was carried by acclamation amid whirl wind of cheers It did not take the convention long to complete the state ticket The platform adopted voices the common attitude of republicans on various topics, but contained nothing especially new The complete ticket is as follows Gov ernor, J B. Foraker nominated) lientenant governor, Capt W C. Lyon; supreme judge (long term) William T. Spear; supreme judge (short term). F Dick man (renominated) auditor, F W. Poe treasurer J. C. Brown; attorney general D. K Watson: member board of public works, C.A. Flickinger Mr Samuel Brooks, of Hyde, Eng. fath er of Hugh Maxwell Brooks, alia= Weller H Lennox Maxwell, the lamous chloro former of Arthur Preller has arrived in St Louis to make a last effort to save his son from the gallows, A cable dispatch announces the death at Jaffna, Ceylon, of Susan Reed, wife of Rev. W W. Howland, for forty two years missionary of the American board of commissioners for foreign missions in that field The commission appointed to elaborate a scheme for the establishment of a Catho lie university in America will hold confer ence in Rome on Aug. 5. to decide as to the location of the new institution. Mrs. Wilson Barrett the actress has just died. after a long illness. Her stage name was Miss Heath. Some Englishmen are not so sure the Thistle will win the America's cup. The volunteer is s till an unknown factor in the race. At Lincoln, Neb. the block occupied by the Humphrey Bros Hardway company A. W Jansen, furniture, and others. was destroyed by fire, aggregate loss $85,000. The new transconting tial line is to be built from Mackinaw to Duluth, and with the Northern Pacific and New York Cen tral epan the continent. Col. D. R Anthony, editor of the Leaven worth Kan., Times, was assaulted on the street by Councilman W. H Bond, who struck him several blows with a cowhide Deputy Laur of France in answer to the taunts of Paul de Cassagnac that the former lied when he stated that Gen. Bou langer had been invited by eighty four gen erals in the French army to head a coup d'etat in favor of a restoration of the monarchy and that Gen. Boulanger de clined hae published a letter to his second in his coming duel giving the names of the generals. This letter, Deputy Laur says, "M. de Cassagnac can read on the field of the duel if he appears at the time appoinded. M. Laur then taunts his an tagonist with having hidden in a cellar during the battle of Sedan M de Cassage nac has replied to M. Laur' letter de nouncing him as a coward, refusing to fight until furnished with proofs of Laur's assertions, without which he will treat him with contempt. The Citizens Savings bank at Leaven worth comes to grief through the defalca tion of its president, B. P Clement, who has absconded. The full amount of the defalcation is estimated from $30,000 to $50,000. The bank has made an assignment The followin pensions have been granted: Wisconsin: Minor J B. Louther, Au gusta; widow J. M. French, Portage B Crown. Senaca L. J McKinley Podee: J Eiteneuer. Fond du Lar: B. G. Hannan, Sturgeon Bay: o P Rounds Belle Center E. H Groseback, Sharon J. McEntee Rising Sun; E Allen, North Freedom: H. Wythe, Portage A. Smith. Milwaukee J. Mitchell Osceola M. Timmer. Burlington; A.J Sexton Kilbourne City: D. Page, Me nominee; M Peer, Boscobel J. L Christie Superior, M. Frawley Sylvan; I David son, Maplewood; W Greenman Brook side J. Charmann, Black Creek: F Hack er, Black Earth: C. Bunce, Sparta H. Gauger, Anburndale, J. C. Truesdale Vio la: G. F Barrister Eau Claire. Pakota D.G. Butts, Reebights: J. Bailey, Clark; F Fowler, Raymond. The president accepts a gilt edged invita tion to visit Kuneas City in October Cin cinnati, St. Paul and Minneapolis, are al so sending vitations. Lieut. Emory H. Taunt, of the navy who has just returned to Washington alter two years spent in exploring the Congo river in Africa. was interviewed in regard to the published reports of the death of Stanley Lieut Taunt does not believe that Stanley met his dea th in the manner alleged, and thinks that the scnsational published reports have no foundation in fact. The president appointed W. P. Ross postmaster at Wilton Junction, Iowa Postmasters commission ned Minnesota Mianeota, C. P Kenyon: Plainview, F A. Wells. Wisconsin Hilton, C K. Fos ter Oak Grove, O. C McCollow The dismissal of C E Behle special pen ion examiner at Cincinnati was ordered by Commissioner Black, on the ground hat he had used grossly insult glanguage oward the president. The secretary of the interior suspended the order of diemiss l so as to allow Behle to explain. Behle ppeared at the interior department and was given a personal hearing by the secre tary He did not deny the charge, which was substantiated and he was dismissed Considerable excitement was occasioned at Malden, Mass. by story that Hattie Lewis of Malden. who died suddenly at Jacksonville, Fla. was the victim of foul play by woman who her. reas said the girl was poisoned by her ous Utmistress, the latter hoping to gain their do nace over Lewis. The girl was weary years,

13. August 10, 1887 The Abbeville Press and Banner Abbeville, SC
Article from The Abbeville Press and Banner, August 10, 1887

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ACROSS THE WIRES. A Batch of Newsy Tales Told By the Telegraph. A Western Bank President Steals $51,000 and Disappears. The most intense excitement prevails at Leavenworth, Kan., over the collapse of the Citizens' Saving Bank. Shortly after 9 o'clock the other morning an anxious crowd began gathering about the building, waiting for the doors to open. Vainly the crowd waited, and about 11 o'clock the information was made public that the bank was no longer solvent. At noon it was learned that President R. P. Clements had gone to some point East or North where he was safe from all danger. The bank officials received a letter from him saying that he had lost $22,000 in wheat speculation. The total embezzlement, with what he took in ready cash. will amount to $51,000. He also said that the savings bank would not be effected and that the Metropolitan Bank was the loser. This can be taken for what it is worth. The Metropolitan Bank was merged into the savings bank ab out a year ago. The following notice was posted in the window at 11 o'clock: "The bank has made an assignment for the benefit of its creditors. John Wilson will take charge of the bank." The absconder, before hé left, transferred $17,000 to his brother-in-law, who, it is said, will turn the property over to the bank for the benefit of the creditors. Clement sent his family to Cuba about a month ago. The letter from him was the first indication the bank officials had of anything wrong. They worked hard trying to get matters straight. Word was spread through the crowd that only the Metropolitan bank was affected, and that the Citizens' Bank would pay in full. This seemed to allay the panic. The depositors are nearly all poor workingmen. It is likely that all will lose the larger amount of their deposits. If the absconding president could have been found he would have been summarily dealt with by the crowd.