8027. Union Trust Company (Boston, MA)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
trust company
Start Date
March 31, 1904
Location
Boston, Massachusetts (42.358, -71.060)

Metadata

Model
gpt-5-mini
Short Digest
445b9ee9

Response Measures

Full suspension

Other: Receivers were appointed; court injunction restraining payments/receipts was sought and granted temporarily.

Description

Multiple contemporary reports state the Union Trust Co. of Boston closed its doors March 31, 1904 after heavy withdrawals. The company was temporarily enjoined and directors announced they would not oppose a receivership; receivers were appointed April 4, 1904. Classified as a run leading to suspension and permanent closure/receivership.

Events (3)
1. March 31, 1904 Run
Cause
Bank Specific Adverse Info
Cause Details
Heavy withdrawals by depositors driven by inability of management to realize quickly on securities and unsuccessful ventures; liquidity strain.
Measures
Directors sought a court injunction restraining payments/receipts; prepared to ask for a receiver and stated they would not oppose receivership.
Newspaper Excerpt
The Union Trust Co. closed its doors today. The Union Trust liabilities are $1,600,000... Heavy withdrawals by depositors and inability to realize on securities quickly caused the suspension.
Source
newspapers
2. March 31, 1904 Suspension
Cause
Government Action
Cause Details
Temporarily enjoined by the state Supreme Court/savings bank commissioners at or immediately after heavy depositor withdrawals; doors closed by order/injunction.
Newspaper Excerpt
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.
Source
newspapers
3. April 4, 1904 Receivership
Newspaper Excerpt
Samuel W. McCall and Charles F. Choate, jr., today were appointed receivers for the Union Trust company, which closed its doors on Thursday last.
Source
newspapers

Newspaper Articles (23)
1. March 31, 1904 The Washington Times Washington, DC
Article from The Washington Times, March 31, 1904

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Article Text

land, Ohio, with a capital of $1,500,000 and assets of $3,000,000, has assigned. Deposits amount to about $1,700,000. and outstanding loans are in excess of $2,000,000. The institution began business in 1891. Bets are being made today that the regular dividend on United States Steel preferred will be paid on Tuesday. The Union Trust Company, of Boston, has closed its doors, by order of the State Banking Department. It is a comparatively small institution, organized in 1899. with a capital of $100,000, and deposits about $1,500,000. London is sending generally higher prices for American Railroad shares. Consols are slightly higher. The Bank of England discount rate remained unchanged today, at 4 per cent. Saturday's bank statement is thought to be likely to make an unfavorable showing. London stock exchange will be closed from today till Tuesday. New York closes tomorrow. J. Pierpont Morgan is booked for Wednesday's steamer to Europe for his annual vacation. Japanese bonds in London are down 1 point to the lowest record prices-4's at 621/4 and 5's at 74, Russians unchanged. So far the upward movement of values has failed to attract an important public following in the stock market, and according to the reports received from commission houses there is little disposition on the part of outsiders to trust their money in stock exchange speculation. Investors have been moderate buyers of the first-class securities, and the chances are that they will pick up attractive issues on all reactions. While the bull movement that has been running for the last few days may not continue, owing to the unwillingness of the public to come into the market, there are many good reasons for the purchase of stocks at the current level; that is, if the buyer has enough money and enough patience to carry his possessions for an indefinite period. Conditions governing the actual value of securities are on a sound basis. Money is in good supply. and it will doubtless remain SO for a long time to come, despite the indications of gold exports. The presistent report that St. Paul felt it necessary to acquire a stock interest in Union Pacific raised the presumption of a similar necessity on the part of the other Pacific and transcontinental railroad systems for a control of through facilities from trunk line territory to the Pacific Coast. Hence the rise in St. Paul yesterday was logically accompanied by strength in Atchison, Missouri Pacific, and roads similarly situated, and floods of now rumors extended the principle illustrated in St. Paul's supposed purchases of Union Pacific. One variation of the rumor was that the buying was for the Gould interest rather than for St. Paul. The enormous capital requirements for such an interchange of ownership did not seem to affect the credence given to rumors.

2. March 31, 1904 Evening Star Washington, DC
Article from Evening Star, March 31, 1904

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Article Text

Federal Trust Co. of Cleveland Assigns Today. ITHURT STOCK MARKET UNION TRUST COMPANY OF BOSTON ALSO CLOSES ITS DOORS. Difficulties of Latter Firm Due to Heavy Withdrawals of Deposits-No Opposition to Receiver. CLEVELAND. March 31.-The assignment Federal to Company today made an The achave Trust the Guardian Trust Company. been taken as tion result is of stated the disappearance Federal to Trust of Company. a prominent shortage Reofficial of the circulation that a the conhas ports been are found in in the funds of as cern. no statement has been it is filed underWhile Federal Company, in stood it will turn yet by the over about $1,000,000 about deposits to the assignee. will be $3,000,000. Federal a surplus Its total assets Trust Company has a capital fund of stock The $50,000 of $1,500,000. and about It has $140,000 undivided profits. report it had $2,188. According to its discounts, last $45,300; in bonds real estate loans, 362; in loans and owned $720,000 stocks, deand mortgages. showed individual state the posits were about Its last of $1,593,328, statement but $1,000,000 officials at the close deposits business last night. ractically reached Trust beof An agreement tors was of the Trust Federal Company the the Guardian for the mergdays ago, The ing of the of the and the several Company tween official and two conc cerns. matters providing Federal company, disappear ppearance directors probably how decided ever, of the precipitated that run an on assignment the bank and would protect all Trust Co. Closes Union March The Union closed its in 1888 interests. avoid BOSTON. Boston a 31.-The incorporated doors. Its Doors. Trust Company Company was The president is also Trust capital of $100,000. William E. Barrett. Boston Roberts former with a Representa is a well-known is treasBarMr. publisher. Barrett Frederick directors B. are C.F. William Donnolley, E. and urer, rett, Charles and the Dumphy, H. Adams, G. Edward Smith placed James Galen The liabilities E. W. Stone. with of nominal the company difficulties assets are withdra of of about the the at $1,600,000. same amount. attributed The to the heavy inability of the concern by depositors quickly on unusual als management to realize for the in order bank At the office of stated that the by the mands. ft are was to. provide the enjoined and savings company for securities supreme commis- a per- had dethe when that state been manent court, and injunction that court the was application will returnable be asked tomor- to appoint row, a receiver of the company to a receive of The directors will be made will go out deship They no opposition and that the state company positively that business will lose nothing. positors Involuntary Bankruptcy 31.-A petition TRENTON, N. bankruptcy J. March against the of involuntary Company in the of United States was Fireproofing filed here today made returnLisbon. States Ohio, district court. was follow United An order to show These cause proceedings receiver for able on Appointment 4. of a Guardian the company. recent assignment to Gilchrist, the presand was G. Bailey the The deed signed of by J. assistant c. secretary, Lose Trust of the ident, Federal Trust Will Company. No Money. Depositors trust companies will lose deof both the no depositor It clare a result of in the will aca penny that Trust of is also Federal In view Officials positively stated as that the $20,000. shortage the assignment. Company possi- the was The probably counts of not the rumors, exceed however, deemed and wise the two to make conbility of a an to an cerns were, by the ratified sensational immediate run, stockholders, assignment it Treasurer ment. Company. Charles recently merged L. to April 1. and Trust assigned, on Secretary the Guardian Company today: which following Mosher the of Federal Trust statement Open the Trust made the New Accounts Federal for the "The depositors presenting of their their books deposits who own interest. verification Company are Guardian and assigning Trust pass Company. books for the through issuing of their deposits and Trust Comare full amount of the Guardetment and Federal colThe have officials verified the the loans them of the on hand investi- in pany securing and find The Trust lateral company. Trust with their books. the Guardian in full the accordance gation made satisfies they Federal will assume Trust Company Company obligations and of the Trust Company. announced Absorption March of 31.-It reached is where- ComEVELAND, has been Trust pany. that an Company is at CL agreement Citizens' the Savings Prudential and Trust Com- de$600,000, in giving pany by the will The absorb Prudential with Trust 800,000 in the decapitalized posits. The consolidation Savings and $30,500, will 500,000 Trust result in Company 500,000 its bank car: exries about clusive depart of its 000,000. posits Citizens Department aggreand vegating trust sources department, of $36 which

3. March 31, 1904 The Fargo Forum and Daily Republican Fargo, ND
Article from The Fargo Forum and Daily Republican, March 31, 1904

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Article Text

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.

4. March 31, 1904 Evening Times-Republican Marshalltown, IA
Article from Evening Times-Republican, March 31, 1904

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Article Text

FEDERAL TRUST COMPANY FAILS Big Financial Concern at Cleveland, Ohio, Makes an Assignment Today A HEAVY SHORTAGE WAS FOUND One of Its Officials Said to Have Disappeared-Guardian Trust Company Takes Over Federal's Affairs-Union Trust Company at Boston Closes Its Doors. Cleveland, March 31.-The Federal Trust Company today made an assignment to the Guardian Trust Company. The action it is stated is the result of the disappearance of a prominent official of the Federal Trust. Reports are in circulation that a shortage has been found in the funds of the concern. While no statement has been filed, it is stated that the Federal will turn over about $1,000,000 in deposits to the assignee. Its total assets are about $3,000,000 capital stock a million and a half, surplus fund of $50,000, and about $140,000 undivided profits. Officials state the deposits were about a million at the close of business last night. An agreement was practically reached between the directors of the Federal Trust Company and the Guardian Trust Company several days ago, providing for the merging of the two concerns. The disappearance of an official of the Federal company, however, precipitated matters and the directors decided an assignment would probably avoid a run on the bank and protect all interests.

5. March 31, 1904 Waterbury Evening Democrat Waterbury, CT
Article from Waterbury Evening Democrat, March 31, 1904

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ANOTHER FAILURE Boston Trust Co. Closes Its Doors Liabilities of the Concern Are More Than a Million--Company Says Depositors Will Lose Nothing. 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 also is a well known Boston publisher. Frederick G. Roberts is treasurer and the directors are William E. Barrett, Charles H. Adams, C. F. Donnolley, 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 temporarliy 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 state that no opposition will be made to a receivership and that depositors will lose nothing. The company moved into new quarters last year and had made preparations to extend its business, but it is said that some of its ventures, including street railway financing, did not prove as successful as it was hoped for.

6. March 31, 1904 The Topeka State Journal Topeka, KS
Article from The Topeka State Journal, March 31, 1904

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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.

7. March 31, 1904 The Providence News Providence, RI
Article from The Providence News, March 31, 1904

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BOSTON TRUST CO. SUSPENDS Boston, March 81.-The Union Trust company closed its doors today. The bank was closed today by order of savings bank commissioners. The Union Trust company was incorporated in 1888 with a capital of $100,000. The president is William E. Barrett, formerly a member of congress. Mr. Barrett is a well known Boston publisher. Frederick G. Roberts is treasuner and the directors are as follows: William E. Barrett, Charles H. Adams, C. F. Donnolly, James W. Dumphy, G. Edward Smith and Galen E. Stone. The liabilities of the Trust company are estimated at $1,600,000 with nominal assets of about the same amount. The company's difficulties are attributed to heavy withdrawals by depositors and the inability of the company to realize quickly on its securities in order to provide for the usual demand. The directors state that an application win be made form receiver and the affairs of the company will be wound up. They state positively' that depositors will recelve 100 cents on the dollar. At the office of the savings bank commissioners at the state house, it was announced that the commission had applied to the Supreme court for an injunction to restrain the institution from receiving or paying money. The bank was temporarily enjoined and the doors closed. The application for a permanent injunction is returnable tomorrow forenoon when the court will be requested to appoint a receiver. The company moved into new quarters last year and had made preparations to extend its business, but it is said that some of its ventures, including street railway financing, did not prove as successful as it was hoped for.

8. April 1, 1904 The Montgomery Advertiser Montgomery, AL
Article from The Montgomery Advertiser, April 1, 1904

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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.

9. April 1, 1904 Americus Times-Recorder Americus, GA
Article from Americus Times-Recorder, April 1, 1904

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TRUST COMPANIES SUSPEND BUSINESS Concerns In Boston And Cleveland In Receivers Hand. WILL PAY DEPOSITORS IN FULL. The Difficulty in Boston Was Caused by Heavy Depositors Withdrawing Funds-Disappearance of Cleveland Trust Official Caused Trouble There. Boston, March 31.-The Union Trust company has closed its doors. 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 and the directors are William E. Barrett, Charles H. Adams, C. F. Donelly, 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 attrib. uted 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 tomorrow. 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.

10. April 1, 1904 The Birmingham Age-Herald Birmingham, AL
Article from The Birmingham Age-Herald, April 1, 1904

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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.

11. April 1, 1904 The Times Dispatch Richmond, VA
Article from The Times Dispatch, April 1, 1904

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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.

12. April 1, 1904 The Savannah Morning News Savannah, GA
Article from The Savannah Morning News, April 1, 1904

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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.

13. April 1, 1904 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, April 1, 1904

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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.

14. April 1, 1904 The San Francisco Call San Francisco, CA
Article from The San Francisco Call, April 1, 1904

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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.

15. April 1, 1904 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, April 1, 1904

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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.

16. April 4, 1904 The Topeka State Journal Topeka, KS
Article from The Topeka State Journal, April 4, 1904

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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.

17. April 6, 1904 The Brunswick Daily News Brunswick, GA
Article from The Brunswick Daily News, April 6, 1904

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RECEIVERS NAMED FOR BURST TRUST COMPANY. Boston, April 5.-Samuel W. McCall and James Choat, Jr., were today appointed receivers for the Union Trust Company, which closed its doors last Thursday. The company's liabilities are placed at $1,600,000.

18. April 7, 1904 The Globe-Republican Dodge City, KS
Article from The Globe-Republican, April 7, 1904

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Union Trust Co. Fails. Boston, April 6.-Samuel W. McCall and Charles F. Choate, Jr., are appointed receivers for the Union Trust company which has closed its doors. The trust company's liabilities are placed at $1,600,000.

19. April 13, 1904 The Fulton County News McConnellsburg, PA
Article from The Fulton County News, April 13, 1904

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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 to 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 Lower Broadway was blocked by a small fire in the new subway in New York. John Cleves Short Harrison, grandson 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, III. Three were instantly killed, 3 were fatally injured and 20 others were more or less seriously hurt. The National Cotton Spinners Association at Boston adopted resolutions favoring an eight-hour day, antiinjunction laws and a better system of 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 $200,000 on the life of James L. Blair, who was vice general counsel of the World's Fair, charges that Blair obtained the policies by fraud. Advices from Nome, Alaska, say that the spring cleanup of gold on the Nome Peninsula will be greatly in excess 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 Boston. The company's liabilities are 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. The retention of 35 Greek strikebreakers at the plant of the American Car Company, in Chicago, caused a rumpus there and the Greeks were driven out. The nail department of the American Steel and Wire Company's plant at Rankin, near Pittsburg, was burned down, causing a loss of $175,000. As the result of playing with powder, three boys were fatally injured in Salt Lake, Utah, and one crippled for life.

20. April 14, 1904 Mexico Missouri Message Mexico, MO
Article from Mexico Missouri Message, April 14, 1904

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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

21. June 10, 1904 New-York Tribune New York, NY
Article from New-York Tribune, June 10, 1904

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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.

22. August 2, 1904 Evening Star Washington, DC
Article from Evening Star, August 2, 1904

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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.

23. December 9, 1904 Vermont Phœnix Brattleboro, Bellows Falls, Ludlow, VT
Article from Vermont Phœnix, December 9, 1904

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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.