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NORTHAMPTON BANK'S DOORS CLOSED BY COMMISSIONER
(Continued From First Page.) what restitution Newcomb might be able However, the bank. seems likely to be to make good, on assurance that the depositors eventually will suffer acted, no doubt, for what the best interest both the bank depositors. Escaping run, bank could. paid all depositors fast prdinarily made and could the delay will Neweomb Believed Have Told Sum Taken
Newcomb is believed to have told the night the exact which, he had the opinion some people, though the point one offering room difference opinion, that bank would have better chance the storm if it had revealed at the outset large as the total of the Feeling Lack of Frank State-
Coupled with of the could meet all frank statemight There complain bitterly because frank was not they that, even such statement closing at once, all would an equal difficulty apparently, that knew the amount was large be gerous spread from the small officials the bank who group the One man said tonight if that made up the was the that had the those accept ed the statements of the bank's offiand shown themselves friends the institution by withholding their
No Visible Run
There not at time visible any public had that ceeding ordinary, but there of increasing and rumors stories withdrawals increasing is believed that bank could have got the had continued be made by the small depositors, always more easily in acted first. The is said to the City Tries to Withdraw $50,000 One of the large depositors and for the County Trust has since the first the balance about The city made an attempt from the and deposit half, ampton and the First bank. startWednesday night draftson York against balance, the New York refused probably, of as ditions the Trust company, funds this such time general distribution made. Mayor Says He Wanted to Protect City Some people said that this action becoming noised abroad, on the climax. Mayor Homer Bliss, asked tonight this of the he had sons depositors beand that he for the he would have for interest intrusted his Bliss that the city even in small degree the sequestration the funds. Both Northampton First National banks, he had checks drawn the County before the First tional bank had paid the school teach. today. Whatever arrangements might necessary amply the felt, dicated their goodwill and willingness to help. Mayor Bliss said that the action by sufficient on should effect the prompted by any motive, would attributed similar action by other large depositor. large small, he all should best for protection their should be susown purpose injure the bank. additionab loan revenue would be made. The finance authority make other large additional probably will have authorized later. Will the Bank Reopen the by the phrase of the Mr Judge be closed business, least for the present.' "There has inquiry as to whether there this phrase suggestion that the bank might not reopen. It in to question to whether the bank suggestion sequence events when the former County National bank Hampshire Savings bank were despoiled by defalcations Bank Resumed After Warner Defalcations Those banks receiverand depositors paid off. bank under its former name. but had been ganized, might called matter of choice whether it was re-
