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TACOMA, Wash., June 29.-The Union Trust and Savings Bank suspended to-day, and the court appointed Charles Rinehardson as receiver. No statement has yet been filed. It is stated that the cause of the trouble is a recent decision of the State Supreme Court invalidating $500,000 worth of city warrants, of which the bank holds $250,000 worth.
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Tacoma, Wash., June 30.-The Union Trust and Savings bank suspended yesterday and the court appointed Charles Rinehardson as receiver. It is stated that the cause of the trouble is a recent decision of the state supreme court invalidating $500,000 worth of city warrants as fraudulently issued of which the bank held $250.000.
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A Broken Bank TACOMA, June 29.-The Union Trust and Savings Bank suspended this morning. Charles Richardson was appointed receiver by the court. No statement has yet been filed. The failure is attributed to the recent decision of the Supreme Court invalidating half a million dollars' worth of city warrants, of which the bank held one-half.
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TACOMA, Wash., June 29.-The Union Trust and Savings bank suspended today, and the court appointed Charles Richardson as receiver. No statement has yet been filed. It is stated that the cause of the trouble is a recent decision of the state supreme court, invalidating $500,000 worth of city warrants, of which the bank holds $250,000 worth.
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Tacoma, Wash., June 30.-The Union Savings bank trust company has closed its doors and gone into the hands of a receiver as a direct result of the recent Supreme court decision declaring a large amount of city warrants illegal.
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TACOMA, Wash, June 30.-Union Savings Bank Trust Company has closed 118 doors and gone into the hands of a receiver as a direct result of the recent supreme court decision declari us a large amount of city warrants to be illegal. Judge Williamson appointed Charlen Richardson to take charge.
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Tacoma, Wash., Bank Fails. Tacoma Wash.. June 30.-The Union Savings Bank Trust Company has closed its doors and gone into the hands of a receiver as a direct result of the recent supreme court decision declaring a large amount OR city warrants to be illegal.
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Tacoma, Wash., June 30.-The Union Trust and Savings bank has suspended and the court appointed Charles Rinehardson as receiver. No statement has yet been filed. It is stated that the cause of the trouble is a recent decision of the state supreme court invalidating $500,000 worth of city warrants, of which the bank holds $250,000 worth.
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Tacoma, Wash., July 1.-The]Union Savings Bank and Trust Company has closed its doors and gone into the hands of a receiver, as a direct result of the recent supreme court decision declaring a large amount of city warrants to be illegal. Judge Williamson appointed Charles Richardson to take charge of the company.
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Tacoma, Wash., June 30.-The Union Trust and Savings bank has suspended and the court appointed Charles Rinehardson as receiver. No statement has yet been filed. It is stated that the cause of the trouble is a recent decision of the state supreme court invalidating $500,000 worth of city warrants, of which the bank holds $250,000 worth.
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Tacoma, Wash., June 30.-The Union Trust and Savings bank suspended yesterday. The cause of the trouble is a recent decision of the state supreme court invalidating $500,000 worth of city warrants, of which the bank holds $250,000 worth.
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City Compelled to Pay a Total of Several Hundred Thousand Dollars. CHICAGO, Feb. 18.-A. R. Nicol, of Chicago, formerly cashier of the Union Savings Bank of Tacoma, received word today of the reversal by the supreme court of the state of Washington of a former decision affecting over $1,000,000 of Tacoma city warrants. The previous decision held that the warrants had been canceled and therefore, could not be paid, and, as the Union Savings bank held $250,000 of the warrants, it was compelled to suspend. The decision, according to Mr. Nicol, will compel the payment of the warrants, several hundred thousand dollars of which are held in Philadelphia, New York and other Eastern cities
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CHICAGO, Feb. 18.-A. R. Nicol, of Chicago, formerly cashier of the Union Savings Bank, of Tacoma, Wash., received word to-day of the reversal by the Supreme Court of the State of Washington of a former decision affecting over $1,000,000 of Tacoma city warrants. The previous decision held that the warrants had been canceled, and therefore could not be paid, and as the Union Savings Bank held $250,000 of the warrants it was compelled to suspend. The decision, according to Mr. Nicol, will compel the payment of the warrants, several hundred thousand dollars of which are held in Philadelphia, New York and other Eastern cities.