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ANOTHER ON BOSTON. Boston, March 31.-The Union Trust Co. closed its doors today. The Union Trust liabilities are $1, 600,000, the assets are about the same. Heavy withdrawals by. depositors and inability to realize on securities quickly caused the suspension.
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FAILURE AT BOSTON. The Union Trust Company Closes Its Doors-Heavy Liabilities. Postan, March 31-The Union Trust Company closed its doors today. The company was incorporated in 1888 with a capital of $100,000. The president is former Congressman William E. Barrett. The liabilities of the company are placed at $1.600,000 with nominal assets of about the same. The diff!culties of the concern are attributed to heavy withdrawals by depositors and inability of the management to realize quickly on securities in order to provide for unusual demands.
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TWO BIG TRUST COMPANIES FAIL. The Union of Boston Closes its Doors With Liabilities of $1,600,000. ITS ASSETS ARE NOMINAL. Federal Trust Co. of Cleveland Makes An Assignment-A Shortage May Be the Cause. Boston, March S1.-The Union Trust company closed its doors today. The company was incorporated in 1888 with a capital of $100,000. The president is former Congressman William E. Bar. rett. Mr. Barrett also is a well known Boston publisher. Frederick B. Rob. erts is treasurer and the directors are William E. Barrett, Charles H. Adams, C. F. Donnelley James W. Dumphey, M. Edward Smith and G. A. Stone. The liabilities of the company are placed at $1,600,000. with nominal assets of about the same amount. The diffculties of the concern are attributed to heavy withdrawals by depositors and the inability of the management to re. alize quickly on securities in order to provide for its usual demands. At the office of the savings bank commission. ers it was stated that the company had been temporarily enjoined by the su. preme court and that the application for a permanent injunction was returnable tomorrow, when the court will be asked to appoint a receiver. The directors of the company announce that no opposition will be made to a receivership, and that the company will go out of business. They declare positive. ly that depositors will lose nothing FEDERAL TRUST CO. Cleveland, O., March 31.-The Federal Trust company today made an assignment to the Guardian Trust company. The action is stated to have been taken as a result of the disappearance of a prominent official of the Federal Trust company. Reports are in circulation that a shortage has been found in the funds of the concern. While no statement has yet been filed by the Federal company it is under stood it will turn over about $1,000,000 in deposits to the assignee. Its total assets will be about $3,000,000. The Federal Trust company has a capital stock of $1,500,000. It has a surplus fund of $50,000, and about $140,000 undivided profits. According to its last report It had $2,188,362 in loans and discounts: $45,300 real estate loans, owned $729,000 worth of stocks, bonds and mortgages. Its last statement showed individual depositis of $1,593,328, but officials state the deposits were about $1,000,000 at the close of business last night. An agreement was practically reached between the directors of the Feder. al Trust company and the Guardian Trust company several days ago, pro. viding for the merging of the two con. corns. The disappearance of the official of the Federal company, however, precipitated matters and the directors
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CLOSES ITS DOORS. Union Trust Co., of Boston, Shuts Up Shop. Boston, March 31.-The Union Trust company closed its doors today. The Union Trust company was incorporated in 1888 with a capital of $100,000. The president is former Congressman William E. Barrett. Mr. Barrett also is a well known Boston publisher. Frederick B. Roberts is treasurer and the directors are William E. Barrett, Charles H. Adams, C. F. Donnolley, James W. Dumphy, G. Edward Smith and G. A. Stone. The liabilities of the company are placed at $1,600,000, with nominal assets of about the same amount. The difficulties of the concern are attributed to heavy withdrawals by depositors and the inability of the management to realize quickly on securities, in order to provide for the usual demands. At the office of the Savings bank it was stated that the company had been temporarily enjoined by the supreme court and that the application for a permanent injunction was returnable tomorrow, when the court will be asked to appoint a receiver. The directors of the company state that no opposition will be made to a receivership and that the company will go out of business. They state positively that depositors will lose nothing.
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BOSTON CONCERN GOES UNDER. Boston, March 31.-The Union Trust Company closed its doors to-day. The Union Trust Company was incorporated in 3888 with a capital of $100,000. The president is exRepresentative William E. Barrett, who is also a well known Boston publisher. Frederick B. Roberts is treasurer, and the directors are William E. Barrett, Charles H. Adams, C. E. Donnolles, James W. Dumphy, G. Edward Smith, Galen E. Stone, Edwin N. Curtis and Sherman L. Whipple. The liabilities of the company are placed at $1,600,000, with nominal assets of about the same amount. The difficulties of the concern are attributed to heavy withdrawals by depositors, and the inability of the management to realize quickly on securities, in order to provide for the unusual demands. At one time the deposits aggregated $1,819,591, but this amount had been materially decreased of late. At the office of the Savings Bank Commissioners It was stated that the company had been temporarily enjoined by the Supreme Court, and that the application for a permanent injunction was returnable to-morrow, when the court would be asked to appoint a receiver. The directors of the company say that no opposition will be made to a receivership, and that the company will go out of business. They say positively that the depositors will lose nothing.
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Union Trust of Boston Fails. Boston, March 31.-The Union Trust Company closed its doors to-day. The Union Trust Company was incorporated in 1888 with a capital of $100,000. The president is former Congressman William E. Barrett. Mr. Barrett is also a well known Boston publisher. Frederick B. Roberts is treasurer. The directors are William E. Barrett, Charles H. Adams, C. F. Donnelly, James W. Dumphy, G. Edward Smith and Galen E. Stone. The liabilities of the company are placed at $1.600.000, with nominal assets of about the same amount. The difficulties of the concern are attributed to heavy withdrawals by depositors and the inability of the management, to realize quickly on securities, in order to provide for the unusual demands. At the office of the savings bank commissioners it was stated that the company had been temporarily enjoined by the Supreme Court, and that the application for a permanent injunction was returnable to-morrow. The court will be asked to appoint a receiver. The directors state no opposition will be made to the receivership and the company will go out of business. They state positively that depositors will lose nothing.
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Boston Concern Closes Doors. Boston, March 31.-The Union Trust Boston, March 31-The Union Trust conpany has closed its doors. The company was incorporated in 1888 with a capital of $100,000. The president is former Congressman William E. Barrett. Mr. Barrett is also a well-known Boston publisher. Frederick B. Roberts is treasurer and the directors are William E. Barrett, Charles H. Adams, C. F. Donnolly, James W. Dumphy, G. Edward Smith and Galen E. Stone. The liabilities of the company are placed at $1,600,000, with nominal assets of about the same amount. The difficulties of the concern are attributed to heavy withdrawals of depositors and the inability of the management to realize quickly on securities in order to provide for the unusual demands. At the office of the savings bank it was stated the bank had been temporarily enjoined by the supreme court, and that the application for a permanent injunction was returnable tomorrow. The court will be asked to appoint a receiver. The directors of the company state that no opposition will be made to a receivership and that the company will go out of business. They state positively that depositors will lose nothing.
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UNION COMPANY FAILS. This Boston Institution Has Million and Half Liabilities. (By Associated Press.) BOSTON. MASS., March 31.-The Union Trust Company closed Its doors to-day. The Union Trust Company was Incorporated in 1888, with a capital of $100,000. The president is former Congressman William E. Barrett. The liabilities of the company are placed at $1,600,000. with nominal assets of about the same amount. The difficulties of the concern are attributed to heavy withdrawnls by depositors and the Inability of the management to realize quickly on securities in order to provide for the unusual demands. The directors of the company state that the company will go out of business. They state positively that depositors will lose nothing. The court will be asked to appoint a receiver.
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TRUST COMPANY CLOSES UP. Boston Concern Says It Will Pay Depositors. Boston, March 31. - The Union Trust Company closed its doors to-day. The Union Trust Company was incorporated in 1888, with a capital of $100,000. The president is former Congressman William E. Barrett. The liabilities of the company are placed at $1,600,000, with nominal assets of about the same amount. The difficulties of the concern are attributed to heavy withdrawals by depositors, and the inability of the management to realize quickly on securities in order to provide for the unusual demands. The directors of the company state that the company will go out of business. They state positively that depositors will lose nothing. The court will be asked to appoint a receiver.
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DEPOSITORS MAY GET PAID Two Trust Companies Have Turned Up Their Toes. ONE LOCATED IN CLEVELAND THE OTHER HAD BEEN DOING BUSINESS IN BOSTON. Boston, March 31.-The Union Trust company closed its doors today. The company was incorporated in 1888 with a capital of $100,000. The president is former Congressman William E. Barrett. Mr. Barrett also is a well known Boston publisher. Frederick B. Roberts is treasurer, and the directors are William E. Barrett, Charles H. Adams, C. F. Donnolley, James W. Dumphey, M. Edward Smith and G. A. Stone. The liabilities of the company are placed at $1,600,000, with nominal assets of about the same amount. The difficulties of the concern are attributed to heavy withdrawals by depositors and the inability of the management to realize quickly on securities in order to provide for its usual demands. At the office of the savings bank commissioners it was stated that the company had been temporarily enjoined by the supreme court, and that the application for a permanent injunction was returnable tomorrow, when the court will be asked to appoint a receiver. The directors of the company announce that no opposition will be made to a receivership and that the company will go out of business: They declare positively that depositors will lose nothing.
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UNION TRUST COMPA ANY FALLS Banking Concern Is Unable to Meet Its Obligations Owing to Big Withdrawals DIRECTORS CONFIDENT Declare Positively That the Depositors Will Not Lose Anything by the Failure BOSTON, March 31.-The Union Trust Company closed its doors to-day. The company was incorporated in 1888 with a capital of $100,000. The president is former Congressman William E. Barrett. Barrett also is a wellknown Boston publisher. Frederick B. Roberts is treasurer and the directors are William E. "Barrett, Charles H. Adams, C. F. Donnelly, James W. Dumphy, M. Edward Smith and G. A. Stone. The liabilities of the company are placed at $1,600,000, with nominal assets of about the same amount. The dimculties of the concern are attributed to heavy withdrawals by depositors and the inability of the management to realize quickly. on securities in order to provide for its usual demands. At the offices of the Savings Bank Commissioners it was stated that the company had been temporarily enjoined by the Supreme Court and that the application for a. permanent injunction was returnable to-morrow, when the court will be asked to appoint- a receiver. The directors of the company announce that no opposition will be made to a receivership and that the company will go out of business. They declare positively that depositors will lose nothing.
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UNION TRUST COMPANY OF BOSTON SUSPENDS BOSTON, March 31.-The Union Trust Company closed its doors to-day. It was incorporated in 1888 with a capital of $100,000. The president is former Congressman William E. Barrett. Mr. Barrett also is a well-known Boston publisher. Frederick B. Roberts is treasurer and the directors are William E. Barrett, Charles H. Adams, C. F. Donnolly, James W. Dumphy, G. Edward Smith and Galene E. Stone. The liabilities of the company are placed at $1,600,000, with nominal assets of about the same amount. The difficulties of the concern are attributed to heavy withdrawals by depositors and the inability of the management to realize quickly on securities in order to provide for the unusual demands. The directors of the company state that no opposition will be made to a receivership and that the company will go out of business. They state positively that depositors will lose nothing.
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Receivers Named. Boston, April 4.-Samuel W. McCall and Charles F. Choate, jr., today were appointed receivers for the Union Trust company, which closed its doors on Thursday last. The Trust company's liabilities are placed at $1,600,000.
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RECEIVERS APPOINTED. Boston, Mass., April 4.-Samuel W. McCall and Charles F. Choate, jr., today were appointed receivers for the Union Trust company, which closed its doors on Thursday last. The trust company's liabilities are placed at $1,600,000.
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Assignment of Two Banks. Federal Trust Company of Cleveland, Ohio, assigned, fearing a run by its depositors because of rumors that a missing official is a heavy embezzler. Union Trust Company of Boston also closed.
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EVENTS OF EVERYWHERE. Sour Lake has formed itself into a city and a full set of city officials are now in charge of affairs. Mrs. Lauro Casey, of Laredo, acci dentally drank a cup of water that had been poisoned to kill rats, and died from the poison. The National Civil Liberty party, a hegro organization, has called a meet ing to take place at St. Louis July 6, for the purpose of nominating a candidate for president. The Morris County National Bank of Naples, Tex., has been authorized to J begin business with $35, capital. H. Matthews is president, D. A. Cook cashier. Ground will be broken in May for n theatre on the site of the Ferris Wheel Park, Chicago, to cost $150,000. It will be known as Lateview Theatre and will seat 1495 people. James Colgate, a member of the New York Stock Exchange, has taken out an insurance policy for $1,500,000. This is said to be the largest single risk ever accepted on a human life. The Sully collapse is still engaging attention in the speculative circles. No settlement has been made, but matters are drawing down to a focus that will bring about an adjustment soon. The Seattle Trade Register says that orders have been placed with local dealers in the Icst few days for 225,000 cases of Alaska salmon for shipment to Japan for us by the army. The Railroad Commission has approved the interlocking plant at Caruth, north of Dalias, protecting the crossing of the Houston and Texas Central and Missouri, Kansas and Texas Railroads. Viceroy Alexieff arrived at Port Arthur Thursday and was received by Vice Admiral Makaroff and other officials. He inspected the ships and went on board the torpedo boat destroyer Silni, which distinguished herself in the latest attack by the Japanese. Private advices received from Washington state that the President has determined to establish a protectorate over the island of San Domingo, which will be such in effect, If not in name. The Union Trust Company of Boston has closed doors. The nominal as. sets are about $1,000,000, with liabilities of an equal sum. The Federal Trust Company of Cleveland, has assigned. It 18 understood that it will turn over about $1,000,000 deposits to the assignee. Its total as sets will be about $3,000,000. The Federal Trust Company has a capital stock of $1,500,000. Its surplus fund is $50,000 and it has about $140,000 undivided profits. According to the last report it had $2,288,362 in loans and discounts, $45,300 in real estate loans and owned $729,000 bonds and mortg ages. Its last statement showed individual deposits of $1,593,328. One of its prominent officials is said to have suddenly disappeared. The world's automobile records have been broken at Nice. M. Rigolly, driving a 100-horse power car, for the in ternational cup race covered a mile, standing start, in 53 3-5 seconds. In the kilometre (6280 feet) race for the Rothschild cup, with a flying start, Rigolly covered the distance in 25 3-4 seconds. Boll weevil was discvoered at Mont gomery, La, near Alexandria. The pest was brought to New Orleans by a country editor. A native of Texas examined it and pronounced it the genuine weevil. Dispatches say thta Russia has bought the Fuerst Bismarck, and that the price paid was $800,000. The Krum Mill and Elevator Com any of Denton has amended its char or by increasing its capital stock from $20,000 to $40,000. The Frisco mint has undoubtedly broken all records for gold coinage since the use of money Jegan in civi lization, the amount coined March reaching $33,113,500, an average o more than $1,000,000 a day. The New York Automobile Club has arranged to make many tours from that city to the St. Louis Fair
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Daught from the Wires and Condensed for Busy Readers. Five Japanese transports land heavy e-enforcements at Chemulpo. Three persons were killed in a railroad wreck near Seymour, Ind. News of an engagement near Nice chwang is expected at any time. Mrs. George J. Gould of New York is recovering from an operation for appendicitis. The British steamer Fawan was seized at Yin-Kow and two Japanese servants arrested. Testimony in Holton will case in St. Louis brought out fact that Mrs. Holton had married again. An explosion in a squib factory near Scranton, Pa., results in the death of six persons and serious injury to five others. British residents at Yin-Kow speculate as to what the Japanese will do: "after they have defeated the Russian army." Richard McCulloch, son of Captain Robert McCulloch, succeeds his father as general manager of the Chicago City Railway. The banks of the Grand reservoir of Ohio, it is thought, will not break unless there should be another great fall of rain. It is said that President Jesse of Missouri State University is thinking of accepting the presidency of Illinois State University. A strike is threatened on the Panama Railroad. President Amados returns from his country home to attempt a settlement. The Russians at Port Arthur are preparing to give the Japs a warm: reception should they make another attempt to block the harbor. The bill for the complete suppression of teaching by religious orders in France is passed by the Chamber of Deputies after a long and bitter fight. The Union Trust Company of Boston closes its doors, as the result of heavy withdrawals of deposits and difficulty encountered in turning securities into cash. O. A. Mitscher, Indian agent at the Osage Indian Agency, Oklahoma, has been suspended, pending an investigation of alleged irregularities at the agency. Ten indictments were found by the Grand Jury at Minneapolis against city officers and citizens in connection with the misappropriation of public funds. The Federal Trust Company of Cleveland, O., makes an assignment, as the result of an alleged shortage in the accounts of one of its officials, who is missing. Captain Robert McCulloch, general manager of the St. Louis Transit Company, arrived from Chicago last week and at once assumed the duties of his new position. Train robbers in California kill the express messenger without provoca tion, then wreck the safe SO completely that practically all their intended booty is destroyed. The coming session of the General Conference of the Methodist Episcopal Church will be called upon to settle many questions of vital importance to the denomination. A favorable report was made on the bill granting statehood to Oklahoma and the Indian Territory, under the name of Arizona, by the House Committee on Territories. The Japanese have taken SengCheng, forty miles south of Wiju, with out a struggle, and all opposition to their advance toward the Yalu river seems to have ceased. Judge Irving W. Baxter of Omaha is appointed United States District Attorney of Nebraska, to succeed W. S. Summers, who was discharged for pro+ secuting Senator Dietrich. Miss Lucia Burgess, in attempting to escape from her room at Stephens College, Columbia, Mo., where she had been locked by girl students as an April fool's joke, fell and broke her arm. Senator Hitchcock decides to open bids for Indian supplies in St. Louis on shoes, hardware and medical supplies. This will be equal to one-fourth of the Indian contracts let at Chicago last year. The Botkin murder trial at San Francisco is resumed in spite of charges of an attempt to tamper with the jury. the defendant insisting that she believes the present jury will render a just verdict. A Berlin Government organ denies the report that Emperor William's condition is alarming because of a recurrence of his throat trouble. On the contrary, the paper says he was
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NEWS IN SHORT ORDER. The Latest Happenings Condensed for Rapid Reading. Domestic. Vice Chancellor Bargen signed an order in New Jersey to show cause why an injunction should not issue tc restrain the Northern Securities Company from holding a stockholders' meeting. Work at the Bay State Mills of the American Woolen Company, in Lowell, Mass., was suspended, the company ordering a shutdown for an indefinite period. This effects 700 hands. Miss Jennie Gray, daughter of Col James R. Gray, editor of the Atlanta Journal, was married in Atlanta, Ga., to Capt. Earle D'Arcy Pearce, of the United States Army. A quarrel over a girl, their companion at school, culminated in the killing of a 16-year-old boy by another in Chicago. For half an hour traffic on Lowet Broadway was blocked by a small fire in the new subway in New York John Cleves Short Harrison, grand. son of President William Henry Harrison, died at Los Angelese, Cal. Edward and Jacob Hammond, brothers, and Oscar Sigertsen were asphyxiated by gas in Philadelphia. Five persons are dead and another is dying as the result of a fire in Mount Vernon, N. Y. The Exchange Bank of Dow City and the Bank of Buck Grove, Ia. have failed. The police raided the offices of the Pacific Underwriting and Trust Company and the Imperial Trust Company, in Chicago, and arrested those in charge on the charge of swindling Sixty-three Indians were wrecked in a train east-bound near Maywood I11. Three were instantly killed, 3 were fatally injured and 20 others were more or less seriously hurt. I The National Cotton Spinners As. sociation at Boston adopted resolu$ tions favoring an eight-hour day, antiinjunction laws and a better system of s factory inspection. In an amended bill in the United $ States Circuit Court at St. Louis an . insurance company which is resisting the payment of policies for $200,00C , on the life of James L. Blair, who was vice general counsel of the World's e Fair, charges that Blair obtained the policies by fraud. n Advices from Nome, Alaska, say ) that the spring cleanup of gold on the g Nome Peninsula will be greatly in exI cess of any previous season. Conservative estimates place the cleanup at $1,250,000. Smuel W. McCall and Charles F. Choate, Jr., were appointed receivers $ for the Union Trust Company in Bos. ton. The company's liabilities are n placed at $1,600,000. Albert Robbins and Edward L / Robbins, president and cashier, respectively, of the defunct Farmers' Bank at Auburn, Ind., were arrested for embezzlement. r The retention of 35 Greek strike. breakers at the plant of the American e Car Company, in Chicago, caused a e rumpus there and the Greeks were L driven out. The nail department of the American Steel and Wire Company's plant S at Rankin, near Pittsburg, was burned down, causing a loss of $175,000. As the result of playing with powt der, three boys were fatally injured in 1 Salt Lake, Utah, and one crippled for , life. Coal has advanced $1.20 a ton in n Iowa on account of the scarcity caused by the strike.
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DISCUSS FINANCIAL CONDITION. Walter S. Keane Leather Co. at Boston in Trouble. Boston, June 3.-Walter S. Keane, president of the Walter S. Keane Leather Co., called a meeting of the creditors of his company here, today, for the purpose of discussing the financial condition of the concern. The creditors were given to understand that the liabilities will reach $200,000, with the amount of assets unknown. The meeting was adjourned until next week. The difficulties of the Keane Co. are said to be due to sus+ pension of the Union Trust Co. of this city, from which he had had a loan of considerable amount.
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BROKER ASSIGNS FOR $160,000. Boston, June 9.-Andrew Meyer, an investment broker, assigned to-day to William H. Barker, an attorney, with liabilities estimated at $160,000. The Union Trust Company, which failed March 31, holds a $10,000 mortgage on Meyer's property. which includes a hotel and other beach enterprises at Houghs Neck, Quincy. Mcyer is president of the United States Standard Scale Company.
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Trust Company's Dividend. BOSTON, August 2.-A dividend of 35 per cent to the depositors of the Union Trust Company of this city was authorized today by the supreme court, to be paid at once by the receivers. The trust company closed its doors March 31, with estimated liabilities of $1,300,000. The dividend is the first to be paid since the failure.
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BELLOWS FALLS NEWS Prospect of Important Real Estate Sale. The past ten days rumors have been rife to the effect that all the brewery property. and the Cold River hotel and farm owned by the Boston & Maine company had been bought by John P. Squires & Co., and that the firm would utilize the property at once for a large packing plant. The reports probably originated in the casual statement that "the location would be an ideal place for such a plant." The past two months the brewery has been closed, in the hands of a keeper. It will be sold at public auction Dec. 23 to satisfy a mortgage of $57,000. For the past 10 or 11 months the property has been in the name of L. J. Vetterman of Boston. who has run it. There were two or more mortgages upon the real estate, said to-aggregate $74,000, and Vetterman owned the contents of the buildings. Recently several suits were begun against Vetterman, and the Union Trust company of Boston which hold mortgages began foreclosure suits, resulting in shutting down the works about a month® ago, and advertising the sale. William E. Barrett of Massachusetts formerly had a large interest in the brewery, and was also a large owner and manager of the trust company, the latter now being in the hands of Receiver Samuel W. Call, a Massachusetts congressman. It has been understood for some time that a cash offer of about $50,000 would buy the property. No better location in all New England could be found for an extensive packing plant, and the Squires company is understood to be in a position where it may soon move from Cambridge.