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Run on a Bank. Natick, Mass., March 15.-A run on the Natick Five Cents Savings Bank is in progress, a large number of depositors from Natick, Framingham and Saxonville having drawn out money. The run was precipitated by a rumor concerning the solvency of the institution, which has assets of $2,188,688, and is regarded one of the strongest banks in New England.
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Run on a Bank. Natick, Mass., March 15.-A run on the Natick Five Cent Savings Bank is in progress, a large number of depositors having drawn out their money. The run was precipitated by a rumor concerning the solvency of the institution, which has assets of $2,150,000 and is regarded as one of the strongest banks in New England,
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RUMOR STARTS A RUN. Depositors in Natick Bank Turn Out in Force to Get Their Money. Natick, Mass., March 15.-A run on the Natick Five Cents Savings Bank is in progress and this forenoon large numbers of depositors from Natick, Framingham and Saxonville, appeared at the bank's doors to draw out their money, a rumor having gained currency that the institution was insolvent. The bank has assets of $2,188,688.24, and is regarded as one of the strongest banks in New England. The rumor arose through the offering for sale of some of the bank's shares. According to an officer of the institution who was seen today the bank has been desirous of disposing of several shares which it had held for investment. From this, It appears, a report spread that the bank was in need of cash and was offering shares to obtain it. The rumor was credited by a large number of depositors in Natick and surrounding towns, the residents of which have been particularly sensitive whenever reports regarding banks are in circulation, since the closing of the Framingham Savings Bank, now in the hands of receivers. Numerous inquiries were made by telephone this forenoon from out of town regarding the bank's stability and carloads of anxious depositors huried into town over the electric lines. Soon after the doors were opened there was a line of 60 persons waiting to draw out their money and others soon joined them. The officials received all depositors cheerfully and paid out money as fast as it was démanded. It was announced that the institution had $50,000 in cash to meet the run. Several wealthy residents of Natick stood at the entrance of the bank and offered to buy the books of those in line in an effort to allay the excitement, and in some instances accounts were thus transferred. How long the run will continue is a. matter of conjecture. The officers and the business men say that the bank is perfectly solvent. The cashier is Fred O. Baston. He left town for Boston this forenoon on business in connection with the bank. The Natick Five-Cent Savings bank was incorporated in 1859 and when the last statement was issued it had deposits of $2,021,048.16. The assets at that time amounted to $2,188,688.24. The president is John O. Wilson and the treasurer, Frederick O. Baston. The rate of interest never has been less than four per cent.
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BIG SAVINGS BANK EXPERIENCING A RUN Natick, Mass., March 15.-A run on the Natick 5 cents saving bank is in progress, large numbers of depositors having drawn out their money. The run was precipitated by a rumor concerning the solvency of the institution, which has assets of $2,190,000, and is regarded as one of the strongest banks in Ne N England.
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RUN ON SAVINGS BANK: Rumor of Insolvency Starts It at Natlek, Mass. NATICK, Mass., March 15-A run on the Natick Five Cents Savings Bank is in progress, large numbers of depositors from Natick, Framingham and Saxonville having drawn out their money. The run was precipitated by a rumor concerning the solvency of the institution, which has assets of $2,188,688, and is regarded as one of the strongest banks in New England.
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TELEGRAPHIC BREVITIES. The American Sugar Refining Company, in New York, today reduced the price of No. 1, refined, five points. A general strike has been ordered for all the trades connected with the building trades councils in Pittsburg, Pa., vicinity. There is a run on the Natick, Mass., five cent savings bank. The bank has assets of $2,183,688.24, and is regarded as one of thestrongest in New England. Two children were burned to death in a fire in the top floor of 40 Chrystie street, New York, this afternoon, while their mother had gone to buy medicit e and had locked them in a room. During a quarrel at Bristol, R. L, this morning, Manuel Gabral cut his wife's throat and stabbed her in the side with a shoe knife and then stabbed himself. She may survive. He is dying. Union pressmen employed in the offices of members of the Coicago Daily Newspaper Association were ordered on strike at 11 o'clock last night. The morning papers appeared as usual. The strike grew out of the discharge ef 14 union pressmen from the offices of the News and Record. All the affected papers were issued this morning. Legislator Howard, of Georgia has prapared a bill to introduce next session prohibiting "treating" in saloons. He says of his bill: "The worst feature of the retail sale of whisky in Georgia is the social feature. Many a man would never take a drink if he were not persuaded to do so by others." The police report that an unknown man, in the uniform of the U. 8. Marine Corps, committed suicide at the station of the Baltimore & Ohio Bailroad, in Philadelphia this morning, by lying on the track. His head was cut off.
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UN ON A NATICK, MASS., BANK. An Old Woman's Hisunderstanding Causes Much Trouble. Boston, March 15.-An old lady's misunderstanding of the words "closed for business" caused a run on the Natick Five Cents Savings bank to-day. As a result of the rumor that the bank had failed, the doors of the institution were blockaded this morning with anxious out-of-town depositors, and on the run which followed $32,551.88 was drawn out. The rumor started from the visit of an old lady from Saxonville to the bank about 3:30 o'clock yesterday afternoon, when she found the bank closed. She was told the bank had closed its doors for business, and, jumping to the conclusion that it had failed, she went home and caused great excitement by telling her neighbors that such was the fact. From there the report rapidly spread to the other surrounding towns, and the inward-bound electric cars this morning were crowded with inbound passengers to withdraw their deposits. Fortunately the bank, which is considered one of the strongest in New England, had on hand $50,000 in cash, and in addition was easily able to borrow $85,000 more from a national bank, so that there was much more than enough to pay the demands of all the depositors who wished to withdraw. The trustees to-night decided to post assurances of the bank's good condition on the window of the bank to-morrow morning. It is believed that when the facts become known there will be no further large withdrawals.
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RUN ON THE BANK. Natick, Mass, March 16.-The depositors of the Natick Five Cents savings bank to-day continued the run which was begun yesterday and the line up in front of the door began as early as 8:30. By 10 o'cleck there were nearly seventy people who were waiting to draw their money. In the windows of the institution cards giving a statement of the bank's condition, signed by the trustees had been posted. The cards showed assets of $2,200,379.94: deposits, $2,032,287.19; surplus, $168,092.75. At 10:30 the excitement had quieted down 2 little. All applicanta were paid promptly.
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Run on a Savings Bank. Natick. Mass., March 15.-A run on the Natick Five Cents Savings bank is in progress, large numbers of depositOI'S from Natick, Framingham and Saxonville having drawn out their money. The run was precipitated by a rumor concerning the solvency of the institution, which has assets of $2,188,688 and is regarded as one of the strongest banks in New England.
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Run on a Savings Bank. I (By the Associated Press.) Natick, Mass., March 15.-A run on the Natick Five Cents Saving Bank is in progress, large numbers of depositors having drawn out their money. The run was precipitated by a rumor concerning the solvency of the institution which has assets of $2,188,688 and regarded as one of the strongest banks in New England.