6917. Cosmopolitan Trust Company (Boston, MA)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
trust
Start Date
September 24, 1920
Location
Boston, Massachusetts (42.358, -71.060)

Metadata

Model
gpt-5-mini
Short Digest
1bc049e584933d4d

Response Measures

None

Description

Contemporary articles report heavy withdrawals (over $3,000,000 between Sept. 8–24, 1920) that the bank could not meet and Bank Commissioner Joseph C. Allen took possession on Sept. 25, 1920. Commissioner cited slow/bad loans and inability to meet continued withdrawals. The closure appears permanent (later legal actions against the president and directors), so sequence is: run → suspension by commissioner → permanent closure. OCR errors in some articles corrected (e.g., 'Cosmopolitan' → Cosmopolitan).

Events (3)
1. September 24, 1920 Run
Cause
Local Banks
Cause Details
Heavy withdrawals by depositors in the aftermath of recent bank failures and the Ponzi collapse; steady drain of deposits between Sept. 8 and Sept. 24 (~$3,000,000).
Measures
No special measures by the Cosmopolitan reported in these articles prior to commissioner action.
Newspaper Excerpt
Between Sept. 8 and yesterday withdrawals amounted to more than $3,000,000, according to his figures.
Source
newspapers
2. September 25, 1920 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank Commissioner cited slow (bad) loans and inability to meet a continued heavy withdrawal of deposits; commissioner took possession of the institution.
Newspaper Excerpt
The Cosmopolitan Trust Co., of this city ... was closed by Bank Commissioner Joseph C. Allen at 9 o'clock this morning.
Source
newspapers
3. October 2, 1922 Other
Newspaper Excerpt
The trial of Max Mitchell, president of the closed Cosmopolitan Trust Company, Boston has been assigned to start in the superior criminal court Oct. 2. Mitchell is charged with larceny and conversion of funds in 51 counts. His trial will follow that of Charles Ponzi ... . (reported Aug 17, 1922).
Source
newspapers

Newspaper Articles (15)
1. August 23, 1920 Daily Kennebec Journal Augusta, ME
Article from Daily Kennebec Journal, August 23, 1920

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# CHIEF DEVELOPMENTS # AT SATURDAY HEARING 1-The voluntary statement by Attorney McIsaac, after Ponzi had refused to give the information, that Daniel H. Coakley and he (Mr. McIsaac) received $25,000 each from Ponzi as lawyers' fees. 2-Disclosure for the first time of the amount Ponzi paid for settlement of the $1,000,000 Daniels partnership suit. The financier testified that he paid $50.000 and $5000 additional to lawyers who effected the settlement. 3-Ponzi's attempt, stopped by the abrupt raising of his attorney's hand, to name the "high bank official" whom he has repeatedly charged with betraying him. The witness said he withdrew more than half a million dollars from the Tremont and Cosmopolitan Trust Companies during "the run" on the Securities Exchange Company in cash, rather than by check, because he distrusted the banks. Atty Dodge then asked if Ponzi distrusted any banker particularlly, but the witness was prevented from replying. 4-Federal Auditor Pride's statement that in his examination of Ponzi's liabilities, which he estimated at $7.000,000, he had found no evidence of dealing in international reply coupons and also his testimony that, so far as he knew, the only business transacted by the "wizard" was the issue of notes and payment of creditors upon maturity with the proceeds of new issues. 5.-Mr. Thurston's sharp examination of Auditor Pride, as to when he first formed the opinion that Ponzi was paying creditors from money invested by others, and Mr. Pride's reply, "Three weeks," and the auditor's explanation that until he had completed an examination of Ponzi's liabilities, he could form no opinion, whatever.

2. September 25, 1920 Evening Public Ledger Philadelphia, PA
Article from Evening Public Ledger, September 25, 1920

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CLOSE ANOTHER BANK Cosmopolitan Trust Co., of Boston, Fifth to Suspend in Five Weeks Boston, Sept. 25 The Cosmopolitan Trust Co., of this city, with a savings and banking department and agencies abroad, was closed by Bank Commissioner Joseph C. Allen at 9 o'clock this morning. The Cosmopolitan is the fifth bank in this city to be closed by Commissioner Allen in the last five weeks. The first of these was the Hanover Trust Co., which went to the wall with the collapse of the get-rich-quick scheme of Charles Ponzi. its largest individual depositor. The Prudential Trust Co. was closed later, as were two smaller private banks. The commissioner gave no reason for the closing. and bank 01/20/als refused to comment. At the state house it was said the commissioner would later issue a formal statement. The state has $500,000 on deposit with the Cosmopolitan Trust Co., it was announced by State Treasurer James Jackson. He added "there is every reason to safe." suppose that the money is absolutely The Cosmopolitan has advertised its capital and surplus as $3,000,000. and its resources as $20,000,000 for the combined general banking and saving departments. The president is Max Mitchell. a leader in the credit union movement in the state, and formerly an ol/acial of organized charities activitles. The bank has specialized in the accounts of members of the several foreign colonies in the city, and has conducted thrift and Christmas savings clubs for persons of small means. It has advertised a list of correspondent banks in nearly every capital and large city in Europe, Asia and Africa.

3. September 25, 1920 The Brattleboro Daily Reformer Brattleboro, VT
Article from The Brattleboro Daily Reformer, September 25, 1920

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Fifth Boston Banking Institution to Be Closed By Bank Commissioner HAS $500,000 STATE DEPOSITS Has Conducted Thrift and Christmas Savings Clubs for Small Depositors -Commissioner Allen Says It Could Not Meet Demands of Depositors. BOSTON, Sept. 25. - The Cosmopolitan Trust Co. of this city with a savings and banking department and agencies abroad was closed by Bank Commissioner Allen this morning. The Cosmopolitan is the fifth bank to be closed by Commissioner Allen in this city in the past five weeks. The first of these was the Hanover Trust Co. which went to the wall with the collapse of Charles Ponzi, the largest individual depositor. The Prudential Trust Co. was closed later as were two smaller private banks. The state has $500,000 on deposit I with the Cosmopolitan Trust Co., it was announced by the state treasurer's of fice. The Cosmopolitan has advertised its capital and surplus as $3,000,000 and its resources as $20,000,000 for the comle bined general banking and savings det partment. The president is Max e Mitchell, a leader in the crédit union movement in the state and formerly an official of Organized Charities activi, ties. o The bank has specialized in accounts e of members of several foreign colonies is in the city and has conducted thrift and d Christmas savings clubs for persons of small means. It has advertised a list of correspondent banks in nearly every capital and large city in Europe, Asia and Africa. The Cosmopolitan Trust Co. had deposits of nearly $13,000,000 in its banking and savings department. Bad loans and inability to meet a heavy withdrawal of deposits were given by the commissioner d, as the cause of the bank's difficulties and r, the reason for his action. The bank m commissioner in a formal statement def clared that no other bank or Trust Co. was involved in any way. c The continued drain on the company's resources which had been advertised as $20,000,000 was shown in the statement of deposits on several dates. Between Sept. 8 and yesterday withdrawals amounted to more than $3,000,000, accord ning to his figures. "With loans which of could not be converted into cash when needed," the commissioner's statement continued, "the bank was unable to meet the steady and continued withdrawal o deposits and it became necessary in th interests of depositors and of the pub lic for the commissioner to take posses sion." A small crowd gathered outside th closed doors of the Cosmopolitan with in an hour after the notice was firs posted, but as it was prior to bankini (Continued on Page 8.)

4. September 25, 1920 The Caledonian-Record Saint Johnsbury, VT
Article from The Caledonian-Record, September 25, 1920

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is the fifth bank to be closed by Commissioner Allen in this city in the past five weeks. The first bank closed was the Hanover Trust Company, which went to the wall with the collapse of Charles Ponzi, its largest individual depos tor The Prudential Trust Company was closed later, as were two smaller private banks. The state has $500,000 on deposit with the Cosmopolitan Trust Company, is was announced by the state treasurer's office. The Cosmopolitan has advertised its capital and surplus as $3,000,000 and its resources as $20,000,000, for the combined general banking and sav.ngs departments. The president is Max Mitchell, a leader in the credit union movement in the state and formerly an official of the organized charities activities. The bank has been a specialist in accounts of members of the several foreign colonies in this city and has conducted thr.i and Christmas clubs for persons of small means. It has advertised a list of correspondent banks in nearly every capital and large city in Europe, Asia and Africa. The notice, as posted on the doors of the bank announced only that the bank commisisoner, acting under the law, had taken possession of the institution. No reason for the closing was given. Bank officials refused to comment on the action of the commissioner or to discuss the troubles of the Cosmopolitan, saying that any statement would have to come from Commissioner Allen. A small crowd gathered outside of the closed doors of the building within an hour after the notice had been posted but as it was prior to banking hours there was no excitement. Depositors received a reassuring word from the state treasurer, James Jackson, in a statement announcing the fact that half a million dollars of state funds were on deposit with the Cosmopolitan. "There is every reason to suppose the money is absolutely safe," he said. "It will be tied up for a short time, but there is no reason for anyone to feel disturbed about it." The. Cosmopolitan Trust Company had deposits of nearly $13,000,000 in its banking and saving department. Slow loans and inability to meet a continued heavy withdrawal were given as the cause bv Commissioner Allen for the bank's difficulty, and the reason for his action. The bank commission in a statement declared that no other bank or trust company was involved. The continued drain on the bank's resources which had been advertised as $20,000,000 was shown in the statement of deposits

5. September 25, 1920 The Evening Herald Albuquerque, NM
Article from The Evening Herald, September 25, 1920

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ANOTHER BANK IN BOSTON IS CLOSED Fifth Institution in Five Weeks to Suspend Business BOSTON, Sept. 25.-The Cosmopolitan Trust company of this city, with a savings and banking department and agencies abroad, was closed by Bank Comn.ssioner Joseph C. Allen at 9 o'clogk this morning. The Cosmopolitar. is the fifth bank in this city to be closed by Commissioner Allen in the last five weeks. The first of those was the Hanover Trust company, which went to the wall with the collapse of the get-richquick scheme of Charles Ponzi, 118 largest individual depositor. The Cosmopolitan held nearly $13.000,000 of deposits in its banking and savings departments. Slow loans and inability to meet a continued heavy withdrawal of deposits were given by the commissioner as the cause of the bank's difficulties, and the reason for his action. An opinion that half a million dollars of state funds in the bank was absolutely safe, announced by State Treasurer James Jackson, gave depositors reason to feel that their money was not greatly endangered. Between September, 8 and yesterday withdrawals of deposits amounted to more than three million dollars, according to his figures.

6. September 25, 1920 The Greeneville Daily Sun Greeneville, TN
Article from The Greeneville Daily Sun, September 25, 1920

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Another Boston Bank Closes Doors, Making Fourth Bank Since Ponzi Crash BOSTON, Sept. 25.-The Cosmopolitan Trust Company closed its doors today by order of State Bank Commissioner Allen. This is the fourth bank to suspend since the Ponzi crash.

7. September 26, 1920 New-York Tribune New York, NY
Article from New-York Tribune, September 26, 1920

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Boston Bank Closed With $500,000 State Deposits Cosmopolitan Trust Company Unable to Meet Constant Drain of Withdrawals BOSTON, Sept. 25.-The Cosmopollo tan Trust Company, of this city, was closed to-day by Joseph C. Allen, State Bank Commissioner, with nearly $13,000,000 of deposits in its banking Slow loans meet a continued savings inability departments. to heavy and and withdrawal of deposits were as the cause the bank's commissioner given of the by difficulties and the reason for his action. An opinion that half a million dole lars of state funds on deposit in the bank was absolutely safe, announced by State Treasurer James Jackson, gave reason to feel that their money was depositors The not greatly endangered. bank commissioner declared that no other bank or trust company was involved. It is the sixth time within a year and the fifth within two months that the doors of a banking institution in this city have been closed by him. The continued drain on the Cosmo politan's resources, which have been advertised as $20,000,000, was shown in the statement by Mr. Allen of depc-sits on several dates. Between September 8 and yesterday withdrawals of deposits amounted to more than $3.000,000, according to his figures, which follow: June 30, total deposits $16,771,000; September 8, $16,039,000; September 15, $14,169,000; September 22, $13,443,000; September 24, $12.941,000. After the Cosmopolitan Trust Company was closed there was a run on the Tremont Trust Company, which continued until the day's business was ended at 10 o'clock to-night. Simon Swig, vice-president of the Tremont Trust Company, announced early in the day that instead of closing at noon, as is customary on Saturdays, the institution would be open until 10 p.m. All who wished to withdraw their accounts were paid, but Mr. Swig made two personal appeals to the line of depositors to leave their money in the bank.

8. September 27, 1920 The Bridgeport Times and Evening Farmer Bridgeport, CT
Article from The Bridgeport Times and Evening Farmer, September 27, 1920

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PEOPLE DEMAND SAVINGS FROM BOSTON BANKS Boston, Sept. & 27.-The Tremont Trust company and the Dorchester Trust comapny today established moratoriums, by which depositors will be required to wait 90 days before withdrawing funds. Officials of both companies declared their institutions were sound and that the moratoriums were established to "protect the people from themselves.' Payment of funds was stopped at the Tremont Trust company branch on Warren street, Roxbury, shortly after the opening hour., Crowds of apprehensive depositors had gathered outside the Tremont company's Court street office and the State street headquarters of the Fidelity hours before the opening time. will be greeted by the flower The run on the Tremont Trust Co. started Saturday following the closing by State order of the Cosmopolitan company, the fourth bank to be closed since the bursting of Charles Ponzi's get-rich-quick bubble. A crowd of men and women was lined up outside the Tremont Trust company in Courts treet today. Thirty police were on duty keeping the people in order and protecting them from pickpockets. Mounted police kept a lane through Court St. clear for traffic. The line extended in twos from the bank down Court street and Franklin avenue to Cornhill and in the other direction up Court street to Tremont Row. Smaller and somewhat less demonstrative crowds were gathered outside the Tremont Trust branch in Roxbury and the Fidelity Trust company on Summer street. Thomas J. Boynton former United State's Attorney and an officer of the Tremont Trust addressed the gathering on Court street, assuring them that the 90 day close was invoked for their protection and that all would get their money. Applause greeted soynton's re. marks but the crowd did not move away. Several more "inactive" officials connected with Boston banks are likely to be dropped it was learned today following the order of Bank Commissioner Allen that the Old South Trust company dispense with the services of former Governor Samuel W. McCall recently named on the federal tariff commission. McCall was appointed chairman of the Old South's board of directors shortly before the bank reopened on July. receives a salary of $8,000 for his services.

9. September 28, 1920 The Bismarck Tribune Bismarck, Mandan, ND
Article from The Bismarck Tribune, September 28, 1920

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SIXTH BANK IN BOSTON CLOSED BY COMMISSIONER Boston, Sept. 28. - Bank Commissioner Joseph C. Allen today took over the affairs of the Fidelity Trust company. His action marked the closing of the sixth banking institution in this city within two months. The others were the Hanover Trust company, of which Charles Ponzi, the financial wizard, was a director and largest individual depositor, the Prudential and Cosmopolitan Trust companies and two smaller institutions. The capital of the Fidelity is $3,000,000, and according to the latest statement, had a surplus of $700,000. Its depostis totalled about $18,000,000. The reason for the closing of the bank, Commissioner Allen said, were "the steady withdrawals of deposits and slow and doubtful loans."

10. September 28, 1920 The Brattleboro Daily Reformer Brattleboro, VT
Article from The Brattleboro Daily Reformer, September 28, 1920

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FIDELITY TRUST STOPS BUSINESS Bank Commissioner Allen Takes Charge of Institution DECLINING DEPOSITS AND SLOW LOANS They Are Responsible for Commissioner's Action - Its Officials Affiliated With Other Financial and Industrial Concerns. BOSTON, Sept. 28.-Bank Commissioner Joseph Allen took over the affairs of the Fidelity Trust Co. here today. His action marked the closing of the sixth banking institution in this city= within two months. The others were the Hanover Trust Co., of which Charles Ponzi was a director and largest individual depositor, the Prudential and Cosmopolitan Trust companies and two private banks. The canital of the Fidelity was $3,000,000 and according to the latest available statement the company had a surplus of $700,000. Its deposits totalled about $18,000,000. James G. Ferguson, its president, is affiliated with several other financial and industrial institutions, as is Edwin T. McKnight, the vice president. The Fidelity Trust Co. was one of three banks which yesterday invoked the 90-day law for withdrawal of deposits. The reasons for the closing of the bank, Commissioner Allen said, are the steady withdrawal of deposits and slow and doubtful loans. 'Only a few persons were on hand when the formal notice announcing the closing was posted on the door of the Fidelity Trust Co. at 9 a. m. A squad of policement were on duty and extra officers patrolled the financial district but there was no excitement. At the offices of the Tremont Trust Co. a small crowd gathered before the opening hour but police had nothing to do. The bank continued to do business as usual in its commercial department but depositors in the savings department were required to file 90 days' notice of intention to withdraw. The same sitnation existed at. the Dorchester Trust Co.

11. September 30, 1920 The Telegraph-Courier Kenosha, WI
Article from The Telegraph-Courier, September 30, 1920

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Another Bank Closed in Boston (By Associated Press) Boston.-The Cosmopolitan Trust company of this city with savings and banking departments in many parts of Europe was closed by Banking Commissioner Joseph Allen at nine o'clock this morning. No reason was assigned for the action. This is the fifth bank to be closed by the commissioner in this city in the last five weeks.

12. October 1, 1920 The Kendrick Gazette Kendrick, ID
Article from The Kendrick Gazette, October 1, 1920

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# THE FIFTH BOSTON # BANK SUSPENDS Cosmopolitan Trust Company, After Withdrawals of $3,000,000 Closed by Official. BOSTON.—The Cosmopolitan Trust company of this city, with a savings and banking department, and agencies abroad, was closed by Bank Commissioner Joseph C. Allen Saturday. This is the fifth bank in this city to be closed within five weeks. The first was the Hanover Trust company, which went to the wall with the collapse of the scheme of Charles Ponzi. The Cosmopolitan held nearly $13,000,000 of deposits in its banking and saving departments. Slow loans and inability to meet a continued heavy withdrawal of deposits were given by the commissioner as the cause.

13. October 1, 1920 Clearwater Republican Orofino, ID
Article from Clearwater Republican, October 1, 1920

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THE FIFTH BOSTON BANK SUSPENDS Cosmopolitan Trust Company, After Withdrawals of $3,000,000 Closed by Official. BOSTON.-The Cosmopolitan Trust company of this city, with a savings and banking department, and agencies abroad, was closed by Bank Commissioner Joseph C. Allen Saturday. This is the fifth bank in this city to be closed within five weeks, The first was the Hanover Trust company, which went to the wall with the collapse of the scheme of Charles Ponzi. The Cosmopolitan held nearly $13,000,000 of deposits in its banking and saving sdepartments. Slow loans and inability to meet a continued heavy withdrawal of deposits were given by the commissioner as the cause.

14. September 9, 1921 Norwich Bulletin Norwich, CT
Article from Norwich Bulletin, September 9, 1921

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ernment for of the prohibition laws is in three states- New York, Pennsylvania and Maryland. It was announced at the British foreign office that Great Britain will not participate in the $50,000,000 international loan for Russian relief. Wilfred Mulveny of Brookline. head of the small brokerage firm of W. arrested Mulveny Co. Inc. of Boston, was charged with larceny of $2.000. Spanish forces in Morocco have advanced against rebellious Moorish tribesmen there, and are reported to have reached Seluan and Nador. Tunnels connecting Chicago downtown banks with the federal reserve bank are being planned here to prevent streeet holdups of bank mssengers. The body of Chief Mechanic's Mate John T. Hancock, one of the American naval contingent killed in the ZR-2 disaster. was buried in the City of London Cemetery Taxation in Massachusetts is at the rate of $115 a head. This is the amount of federal, state, county and municipal taxes imposed on the average man, woman and child. No confirmation has been received in a London of the report contained in Smyrna despatch of Tuesday that Angora. the Turkish nationalist capital, has fallen to the Greeks. Arnold Rothstein. centrolling owner of the Redstone Racing Stable, is reported going to dispose of his connections with racing and enter theinsurance business in New York. Prompt and energetic action by the 3.Nicaraguan government in sending 000 well equipped troops to the Honduran frontier has completely quelled a revolutionary uprising there. A new world's record was established at Camp Perry. Ohio. on the 1.000 yard range when Sergeant John W. Adkins, United States Marines, had a run of 71 bull's eyes without a miss. The American state department has made unofficial inquiry of the French government, as to h , it would receive an official note respecting recognition of the German-American treaty. S s. Thomas F. Anderson. secretary of the x New England Shoe and Leather Exd change. declared whoe factories are e now operating at 60 to 65 per cent. of normal and there is a steady gain each week in production. t e in Enits against Charles L. Burrill, former state treasurer of MassachuT setts, seeking sums aggregating $270.m 00 were filed in Boston in behalf of 54 d foreign corporations. e a Plans are being considered for the e standardization of paper to eliminate al waste and assure higher quality in the imanufactured product, the commerce x department announced. Sd War department announced Hell Gate of 1channel will be closed to all vessels heavy draft for several weeks because aof the sinking of the large steam drill, which was dredging there. ned re Brigadler General John H. Sherburne commander of the First Field Artillery Ise Brigade of the Massachusetts National .Guard. resigned from that command as The resignation was accepted. on lot Suits aggregating $575.000 were filed ad bv Bank Commissioner Josenth C. Aller of against a score of defendants most o ng whom are directors in the c'osed Cosotmopolitan Trust Company, Boston. Rail and water cherters were authorized by the interstate commerce or 22 commission today to reduce rates to freight from the Atlantic coast an Texas points by way of Galveston. iliat The Finger Lakes Association. com ed re prising 23 communities in the lake a gion of Central New York, voted zefrom name the improved highway of Ithaca to Auburn. via Freeville, as th A "Rockefeller Highway." res not Miss Irene McIntyre, whose exploit as a Salvation Army "lassie" oversea hat with the 26th (Yankee) Division. wo de her a distinguished service cross. wa to married in Boston to Robert E. Wa nor bridge, of Peterboro, N. H. the tit. Lack of cars is retarding somewha ive the movement of the American Relie not Administration's food into Russia. Foo roships are arriving in Riga faster tha re the Soviet authorities can furnish rol em. ing stock for its rtansport. Four masked men Tuesday held a Kansas City Southern passenge ED an train beetwen Bloomburg. Texas. Texarkana and ooted the mail car ury all valuables. The express car and th the passenger coaches were not entered. life oroProfessor Solon I. Bailey, director hey the Harvard observatory, declared plas key for taking snapshots of Mars by usir the a mine shaft in Chill as the barrel of lead special telescope are "impracticat cand offer no possibility of sucess." the ner The robbery of jewelry valued The $10.000 by a masked burglar from M the Isaac N. Seligman of New York an no her guest, Mrs. S. A. Lewisohn. at Seligman camp on Upper Saranac La last Friday night became known We nesday HT Premier W. F. Marsey of New Ze roes. land at Cobalt, Ont., declared "the ne son. big war will be fought with the Paci Heal as the center of activities"

15. August 17, 1922 The Independent-Reporter Skowhegan, ME
Article from The Independent-Reporter, August 17, 1922

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# NEW ENGLAND NEWS IN TABLOID FORM News of General Interest From the Six States Boston was the third city in the United States to show the largest increase in July postal receipts, according to the postoffice department. The Maine State Fuel administration announced last week there is no anthracite available for distribution and that its arrangements are made exclusively for bituminous coal. The 10th annual convention of the Massachusetts Permanent Fireman's Association was held at Fall River. There were approximately 500 delegates present representing practically every city in the state. Eight cases of infantile paralysis have been reported in Boston since the first of the year, according to figures given out at City Hall. Four of the eight cases resulted fatally. One case has been reported so far this month. It is reported that the potato crop in the vicinity of York Beach, Me., has been nearly ruined by the terrific downpours experienced since last May. In the low lands the potato crop has suffered the greatest, on account of the lack of drainage. The first case of osteomyelitis, a rare disease diagnosed as inflammation of the gray matter of the spine, has been reported at Providence. A child, three years old, is the victim. She is at the Rhode Island State Hospital. More than a million ballots will be printed for the Maine biennial state election which will be held on the second Monday of September. This is double the usual amount, the extra ballots being for a referendum to settle the question of a full-time state highway commission. The trial of Max Mitchell, president of the closed Cosmopolitan Trust Company, Boston has been assigned to start in the superior criminal court Oct. 2. Mitchell is charged with larceny and conversion of funds in 51 counts. His trial will follow that of Charles Ponzi, whose trial is set for Sept. 18. Living models wearing funeral gowns were a feature of the session of the convention of the Maine Undertakers' Association at Augusta, Me. The object of this exhibition was to show the funeral directors as well as the general public the most modern tendencies in this important part of the funeral. A Boston & Maine passenger train from Boston bound west, was stoned at night about a mile west of the Greenfield, Mass., Station by unidentified men. Most of the windows in one coach were smashed. Several passengers were cut by flying glass and two were struck by stones. They were given first aid on the train, which was not halted. The Vermont State fair this fall to be held at White River Junction Sept. 12, 13, 14 and 15, will be remarkable as a cattle exhibition. Not only will the display of high grade cattle include exhibits that will come from other states, but herds from Vermont will be conspicuous both in numbers and high breeding. A big cargo of coal was received at Boston last week—13,00 tons, approximately destined for industrial and municipal consumption in Boston and other New England cities. Trucks began hauling some of it away for use by the city of Boston almost as soon as the electrically operated scoops had begun digging into the black mass in the holds of the vessel. Wasil Wsaxeik, a cobbler of R. I., 28 Cross street, Central Falls, has lost the savings of a lifetime, amounting to $6,500. Two youths inveigled him to place the money in a strong box, supposedly with $1,200 of their own. They gave him a key. When he visited the box all he found was a $5 bill and a note reading: "Buy your self a feed, you'll need it." The population of Boston on July 1, 1922, was 832,678, according to the estimate of the city government made public by Mayor Curley. The finding will be published in "Boston Statistics, 1922" about to be issued. The estimate, which is checked up as correct, gives the city 68,661 more inhabitants than credited by the United States census figure of 764,017. Judge Hildreth is kept busy at York Beach, Me., by the number of speeders who are arrested daily by the state police. Ocean avenue at Short Sands proves to be a great temptation to the tourists and has been closely patroled or watched by the motor cycle cops. As a result quite a number have found themselves before court After the usual fine of $10 and costs they are allowed to continue on their way. Sixty dealers who ordinarily handle 348,858 tons of anthracite and 139,478 tons of soft coal now have on hand