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MEMPHIS SAVINGS BANK IN HANDS OF RECEIVER Special to the EVENING NEWS. Memphis, Tenn., Nov. 12: The Continental Savings Bank was today placed in the hands of a receiver following the suicide yesterday of its president, D. S. Schas. Hundoon Carey was named receiver. The institution has deposits of $600,000.
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SUICIDE OF BANKER BRINGS RECEIVERSHIP Memphis, November 11.--Following the suicide today of F. Schas, president of the Continental Savings bank of this city, a receiver was tonight appointed to take charge of the affairs of the bank. Hudson Cary, a local attorney, was appointed receiver. The death of Mr. Schas was attended with sensational incidents. He repaired to the main pavilion of Overton park about noon today and swallowed poison. The banker then attempted to kill himself by plunging a knife into his throat. He then fired a pistol ball through his head, dying instantly. Friends of the dead banker believe he was mentally unbalanced. They assert that no reason is known for the act. The Continental Savings bank immediately closed its doors when the news of Mr. Schas' death became punlic. Officials say the dead president's accounts are in good shape.
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RECEIVER FOR BANK APPOINTED MEMPHIS, Nov. 11.-Following the suicide today of F. M. D. Schas, president of the Continental Savings bank of this city, Hudson Cary was tonight appointed receiver of the institution.
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RECEIVER IS NAMED FOLLOWING SUICIDE President of Memphis Bank Believed by His Friends to Have Been Insane. Memphis, Tenn., Nov. 11.-Following the sensational suicide yesterday of D. F. M. Schas, president of the Continental Savings bank of this city, Hudson Gary was appointed receiver to take charge of the institution. Schas went to the main pavilion of Overton park about noon and swallowed poison Immediately after this he plunged a knife into his throat. He then fired a pistol bail through his head. Death resulted instantly. Friends of the banker believe he was mentally unbalanced. They assert that no reason is known for his act. The bank immediately closed its doors when news of Schas' death became public. Officials said the dead president's accounts are in good shape.
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MEMPHIS BANK IS IN RECEIVER'S HANDS Memphis, Nov. 11.-Following ⑆ suicide today of F. B. Schas, president of the Continental Savings Bank of this city, Hudson Cary was tonight appointed receiver. The petitioners say the bank is insolvent. The bank had a capital stock of $150,000. and deposits, according to the last state ment of about $150,000.
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Bank in Receiver's Hands. Memphis, Tenn., Nov. 12.-The Continental Savings Bank, of this city, was placed in the bands of a receiver today on petition of the directors. Action was taken before the suicide of President D. F. Schas, who killed himself yestorday while demented, in order to prevent a run on the institution. Hundoon Carey was named as the receiver. The bank had a paid-in capital of $25,000-and a surplus of $273,110, while the deposits total $600,000.
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Bank in Receiver's Hands. Memphis, Tenn., Nov. 12.-The Continental Savings Bank, of this city, was placed in the bands of a receiver today on petition of the directors. Action was taken before the suicide of President D. F. Schas, who killed himself yesterday while demented, in order to prevent a run on the institution. Hundoon Carey was named as the receiver. The bank had a paid-in capital of $25. 000 and a surplus of $273,110, while the deposits total $600,000:
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BANKER COMMITS ICIDE. Mind Unbalanced by Suicide of Friend and Building's Collapse. MEMPHIS. Tenn., Nov. 11.-D. Francis Schas. president of the Continental Savings Bank of this city. committed suicide to-day in the public pavilion of Overton Park by drinking a solution of strychnine and also shooting himself. His mind is supposed to have been unbalanced. On him was found a note which read: "My name is F. Schas, residence 773 Poplar avenue. Notify Bishop Gailor first so that he may prepare my poor wife.", Schas leaves a widow and two children. The suicide of C. W. Schulte. president of the First National Bank of Memphis, some time ago. together with the collapse of the building formerly occupied by the Continental Bank recently wifile Schas was in it, is supposed to have unbalanced his mind. Schulte was an intimate friend of Schas. The officials of the Continental Bank admit some financial loss in a recent failure in Memphis, but say that it is not probably the cause for Schas taking his life The directors to-night agreed to put the business of the Continental Bank in the hands of a receiver. The stock had been quoted at 320, but this was believed to be false figures Hundoon Carey was named as receiver.
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Memphis Banker Commits Suicide. Memphis, Tenn., Nov. 12.-Francis M. Schas, president of the Continental Savings bank of Memphis, committed suicide. The body was found in Averton park. No cause for the act is ascribed, but the bank officials decided to place the institution in the hands of a receiver.
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BANKER KILLS SELF; DEPOSITORS IN PANIC Memphis Financier Drinks Poison, Cuts His Throat, and Fires Bullet Into Head. MEMPHIS, Tenn., Nov. 12.-Officials of the Continental Savings Bank declared today that the accounts of Prestdent D. F. M. Schas, president of the institution, who ended his life in a tragic manner yesterday afternoon, are in good condition. The bank closed its doors immediately after the suicide of Schas, and there was a clamoring of depositors for their money, but their fears were groundless, according to friends of the dead man. Going to the main pavilion of Overton Park, Schas first swallowed a quantity of poison, then stabbed himself in the throat, and completed the self-destruction by firing a pistol ball through his head. It is believed today he was insane, as no motive has been discovered.
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Tennesee Bank Gone to the Bad. Memphis, Tenn.-Following the suicide of F. Schas, president of the Continental Savings bank of this city, a receiver has been appointed to take charge of the affairs of the institution. Hunsdon Carey, a local attorney, was appointed receiver. The petition asking the appointment of a receiver was filed by altorneys representing the board of directors. who alleged that the bank was insolvent.
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TAKESTHREEROADS TO DEATH BANKER MAKES SUICIDE CER. TAIN BY POISON, SLASHING THROAT AND SHOOTING. MEMPHIS, Tenn., Nov. 11. - E. F. M. Schas, president of the Continental Savings bank and a widely known financier, committed suicide by shooting today. The death of Mrs. Schas was attended with sensational incidents. He repaired to the main pavilion of Overton park and swallowed poison. He then plunged a knife into his throat and fired a pistol ball through his head, dying instantly. Friends of the dead banker believe he was mentally unbalanced. The Continental Savings Bank closed its doors when the news of Mr. Schas' death became public. Officials say the president's accounts are in good shape. Following the suicide today of E. F. M. Schas, president of the Continental Savings Bank of this city, Hudson Cary was tonight appointed receiver of the institution. The petition asking the appointment of a receiver was filed by atorneys representing the board of directors who allege that the bank was insolvent. The bank had a capital of $50,000 and the deposits. according to its last statement, were nearly $450,000.
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People Talked About Frank J. Allen, a Massachusetts woodchopper, scores a distinct failure as a trader. He swapped wives with a neighbor, giving a jack-knive to boot, but the neighbor's wife didn't consider it a square deal and shook him. "Besides losing a wife and a good knife, Allen is in jail. Conforming to the wishes of her husband, expressed just before his death, Mrs. Annie St. Horton Schas, widow of President Schas, of the defunct Continental Savings bank of Memphis, Tenn., has turned over to the receiver of the bank property valued at little less than $100,000. Dr. R. A. Hume, for many years a missionary in India, told the Chicago Congregational club this week that woman suffrage was introduced into India by the English twenty-five years ago, and that not one out of a thousand native women knows that she has the right to vote and not one out of a thousand who know it ever exercises the right. Major Farnham W. Lyon, 89, famous as the personal scout of General Custer, is in a critical condition at Saginaw, Mich., as the result of a general break down in health. He has been slowly falling for several years, and when the Custer monument was unveiled in Monroe last year Major Lyon was unable to attend because of his enfeebled condition. Tony Bruno of Thompsonville, Conn., bet the proprietor of a fruit store in that town that he could eat forty bananas one right after the other. After eating just three dozen Bruno said he had been troubled with indigestion for a day or two and would have to forego the other four bananas. He rested a moment, drank a glass of water and said he felt fine.