1.
January 22, 1910
Daily Kennebec Journal
Augusta, ME
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WHERE IS HALL? Apparent Shortage in Savings Bank Funds At Southbridge, Mass., and The Treasurer Is Missing. Institution Closed Until Further Notice by Order of Court. Southbridge, Mass., Jan. 21.-The police tonight are seeking John A. Hall, the missing treasurer of the Southbridge Savings Bank, which was closed today after an injunction had been issued against its officers by Judge Loring of the supreme court, following an investigation by state bank examiners. A warrant charging Hall with larceny in an unknown amount was issued late today by Judge J. M. Corcoran of the Southbridge district court. The officers of the bank had a protracted meeting behind closed doors at the bank tonight but refused to give out any statement. Southbridge, Mass., Jan. 21.-Deposits of $2,368,799 were tied up today, when the Southbridge Savings Bank was closed by order of Judge Loring of the supreme court, who issued an injunction following the discovery by bank examiners of an apparent discrepancy between the deposit ledger and the statement of deposits as submitted by John A. Hall, treasurer of the bank. The injunction restrains the bank from transacting business until further notice. It was asked for by Attorney General Dana Malone. who acted on a request made by State Bank Commissioner Arthur B. Chapin. The trustees of the bank acquiesced in the request. Treasurer Hall's whereabouts are unknown tonight. He has been missing since yesterday afternoon, when he was seen boarding a car bound for Springfield, shortly after 3 o'clock. Experts will be put to work on the bank's books at once in order to fix the responsibility for the apparent shortage and to ascertain its exact amount. No statement as to the amount involved has been made by any responsible official, but it is said unofficially that the amount is very large. Mr. Hall has been treasurer of both the bank and of the town of Southbridge for about 15 years. He was born in Southbridge 41 years ago and has always lived here. From 1888 to 1892 he was a clerk in the Southbridge National Bank, where he gained the experience that led to his election as treasurer of the savings Bank in 1895. He is treasurer of the Southbridge Y. M. C. A., a director of the Southbridge National Bank and of the Southbridge Gas Co. He was formerly a director of the Merchants National Bank, Worcester, and was receiver of the Worcester & Southbridge Street Railway Co. in 1904. He is married and has three children. (Continued on page six.)
2.
January 29, 1910
Daily Kennebec Journal
Augusta, ME
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MAY NEED RECEIVER. Attorney General Malone Thinks Hall's Shortage is Large. Boston, Jan. 28.-In the course of legal proceedings in the supreme court today over the Sou-hbridge Savings Bank. Attorney General Malone stated that he feared the shortage in the accounts of Treasurer Hall would prove very large and that a receiver might be necessary to settle the affairs of the institution. A decree was issued by agreement of the attorney general and counsel for the bank. centinuing the temporary injunction and permitting the banw commission to bring suits, collect accounts. convert funds and foreclose mortgages. When the temporary injunction was issued 10 days ago, following the granting of a warrant for the arrest of Treasurer Hall, it was intimated that the shortage would not be over $60,000 or $75,000. Since then it has been stated that the amount would be considerably less, but within a day or two these rumorshave taken an opposite turn and today the deficit is said to reach several hundred thousand dollars. The (bank examiners. however, are still at work on the books.
3.
January 29, 1910
New-York Tribune
New York, NY
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SHORTAGE MAY REACH $600,000. Beston, Jan. 28.-That a receiver might be necessary before the affairs of the closed Southbridge Savings Bank are finally adjusted was the opinion of Attorney General Dana Malone in the Supreme Court to-day, when he asked for a continuance of the injunction preventing the institution from receiving deposits. He said that he feared the shortage in the accounts of John A. Hall, former treasurer, would prove very large. It is known that the shortage is as high as $150,000. It is reported that it may reach $600,000, but it will be impossible to substantiate the rumor until the examination of the accounts is finished.
4.
February 3, 1910
Daily Kennebec Journal
Augusta, ME
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Covert, scared and scorched, to safety in the adjoining ilding. erome Keogh of Rochester, N. Y., the world's champion pool title Thomas Hueston, the titleholder the last game of their 600-point in New York Wednesday night. with a high run of 32, secured 190 points necessary to complete 600, while Hueston obtained 178 a high run of 23. Twenty-six were played. The final score 600 to 546. The match was for the ampionship title and emblem, a of $1000 and a side bet of $250. Robert Finley, representing Edward Sackville-West, now Sackville, a nephew of the former minister at Washington, OCWednesday's session of the procourt at London with the introof documentary evidence to prove the legitimacy of Ernest HenSackville-West, who is petitioner in to have the court declare him the and legitimate son of the late Lionel Sackviile-West and, as to establish his right to the esnow held by Lord Sackville. Andrew S. Draper, state commisof education. Wednesday at AlN. Y., made public a letter he is to superintendents of school nmissioners throughout the state, in he says he has declined the of an officer of the United States engaged in recruiting service, asked for a letter of introduction school teachers, to assist him in aching the young men of the state." Draper declined the request and officer renewed it and finally insisthe would go to the schools notwiththe disapproval of the state nmissioner. rustees of the Southbridge, Mass., vings Bank, whose former treasurer. A. Hall, is accused of larceny, said ednesday night that the examination so far' by the experts indicated a of $300,000 or more. The surof the bank, said to be $177,000, would wiped out by such a shortage and the it is believed, may be called to make good the remaining loss the depositors. The bank re-opened business Wednesday, its operations limited, however, by the terms of injunction issued when the accounts first discovered to be in error. Four of Lowell's large cotton corrations, the Hamilton ManufacturCo., the Booth Mills, the Lawrence inufacturing Co., and the MassachuCotton Mills have combined their at economy by organizing a new mpany to be called the Merrimac ilization Ce., and have reased a portion of the plant at Warrena suburb of Lowell. The capital is $25,000 and the officers of the concern are the treasurers of the corporations interested. All waste these mills will be handled by the company. The grand jury of Onondaga county ednesday at Syracuse, N. Y., reportindictments for perjury against Ira Reed, president, and William H. secretary of the Peoples Mutual Assurance Association and The jurors reported to the that they had made a close instigation of the transfer of the asand were indignant over the closures, but were unable to find indictments for larceny as it did appear that the money distributed Lieut. Gov. Horace White as truswas the money of the association. a result of the reduction of the bound freight rate by the & Delaware, Lackawanna & roads and consequent danger war of rates among the trunk the New York, New Haven & rtford will raise its first-class rate 69 cents per 100 pouds to 75 cents 100 pounds on its Canadian Pacific Ontario and Western routes. This assimilate the New Haven's rate that of the standard trunk line railroad rate, to which it is the Erie & Lackawanna will return. first successful flights of three trnea of
5.
February 5, 1910
Evening Star
Washington, DC
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HALL IS REARRESTED. Was at Liberty, Under Bond, Charged With Embezzlement. SOUTHBRIDGE. Mass., February 5.John A'. Hall, the alleged defaulting treasurer of the suspended Southbridge Savings Bank, was rearrested today on a warrant charging him with the larceny of $100,000 from the institution. Hall, who was at liberty under bonds of $50,000 on a charge of stealing $25,000. did not appear greatly perturbed by the latest developments in his case. It is understood that the shortage disclosed already amounts to more than half a million dollars. A statement of the exact condition of the institution is expected next week.
6.
February 6, 1910
The Salt Lake Tribune
Salt Lake City, UT
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CHARGED WITH THEFT OF HUNDRED THOUSAND By Associated Press. SOUTH BRIDGE, Mass. Feb. 5.John A. Hall, the alleged defaulting treasurer of the suspended South Bridge Savings bank, was rearrested today on a warrant charging him with the lar. cenv of $100,000 from the institution. Hall was at liberty under bonds of $50,000 on a charge of stealing $25,000. It is understood the shortage dis. closed already, amounts to more than half a million dollars.
7.
February 6, 1910
Evening Star
Washington, DC
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HALL AGAIN ARRESTED. Pleads Not Guilty to Larceny of Southbridge Bank Funds. SOUTHBRIDGE, Mass., February 5.John A. Hall, the alleged defaulting treasurer of the suspended Southbridge Savings Bank, was rearrested today on a warrant charging him with the larceny of $125,000 from the institution. Hall, who was at liberty under bonds of $50,000, did not appear greatly perturbed by the latest developments in his case. He was taken to Webster and there was arraigned in court. He pleaded not guilty. Bail was fixed at $200,000 and in default he was taken to the county jail at Worcester.
8.
February 6, 1910
The San Francisco Call
San Francisco, CA
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Bank Treasurer Arrested SOUTHBRIDGE, Mass., Feb. 5.-John A. Hall, the alleged defaulting treasurer of the suspended Southbridge savings bank. was rearrested today on warrant charging him with the larceny of $100,000 from the institution. It is understood the shortage disclosed already amounts to more than half a million dollars.
9.
February 6, 1910
The Pensacola Journal
Pensacola, FL
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DEFAULTING TREASURER OF BANK IS ARRESTED By Associated Press. South Bridge, Mass., Feb. 5.-John A. Hall, the alleged defaulting treasurer of the suspended South Bridge Savings Bank, was rearrested today on a warrant charging him with the larceny of $100,000 from the institution. Hall was at liberty under bonds of $50,000 on a charge of stealing $25,000. It is understood that the shortage disclosed already amounts to more than half a million dallsr.
10.
February 7, 1910
Norwich Bulletin
Norwich, CT
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SOUTHBRIDGE BANK EX-TREASURER REARRESTED. Accused of $125,000 Theft-Taken to Worcester County Jail. Worcester, Mass., Feb. 6.-Cell 108 in the Worcester county jail yesterday became the lodging place of John A. Hall, ex-treasurer of the suspended Southbridge Savings bank. Hall was rearrested at Southbridge Saturday on a warrant charging him with the larceny of $125,000 from the bank. He was taken to Webster for his appearance in the district court. He made no effort to get bail, and when he arrived at Webster from Southbridge he carried with him a valise, indicating that he was prepared to leave his home for a prison cell. He was accompanied by his wife and his father-in-law, A. W. Martin, of Boston. He pleaded not guilty. Bail was fixed at $200,000 and in default of sureties Hall was brought to the Worcester jail. A week ago Hall was charged with the larceny of $21,000 and was held in $50.000 bail for the grand jury. His rearrest when he was at liberty under bonds of $50,000 did not come as a surprise, inasmuch as such action had been predicted for the last day or two It is understood that the shortage disclosed in the bank already amounts to more than $500,000. After Hall had been locked up his attorney, George A. Gaskill, issued a statement in Hall's behalf in which the prisoner assumed entire responsibility for the irregularities at the bank.
11.
February 8, 1910
Norwich Bulletin
Norwich, CT
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Bank Commissioner Arthur B. Chapin Made Public His Report Last Night HALL'S SHORTAGE IS $424,442 i he Methods Employed by Embezzling Treasurer of Southbridge Savings Bank-Two Propositions Recommend ed by Bank Receiver, One of which would Enable the Institution to Resume Business on March First. Boston, Feb. 7.-A shortage of $424,Hail's Methods. Examiner Otls declares in his state 442 in the accounts of John A. Hall, ment to Commissioner Chapin that the treasurer of the Southbridge Savings falsifications of Treasurer Hall exbank, was shown tonight when Bank tended over nearly the whole period Commissioner Arthur B. Chapin made which Mr. Hall was employed in the public his report. bank, some twenty years, and that the methods employed were to raise arbiTwo Propositions to Depositors. trarily the amount of weekly payThe bank commissioner recommends ments entered upon the counter book, either a receiver for the bank or a to raise the amount of weekly payplan whereby the depositors agree to ments when posting in the cash books accept a new book for 85 per cent. of and to credit cash for fictitious pertheir deposits. President Calvin D. sonal or town loans or deposits in Paige of the bank in a statement made banks, the amount of which would be tonight and Commissioner Chapin both added to the weekly withdrawals and favor the acceptance of the second debited to the deposit account. proposition, which would enable the Took Notes from Bank to Cover Town bank to resume business March first. Account Deficiencies. Shortage Covers Twenty Year Period. Explaining the relations of the town The shortage, according to the retowards the bank, as conducted by Hall, who was treasurer of both, the port, covers a period of twenty years bank commissioner says that Hall had and represents a loss of 14.05 per cent. on the book value of the assets. Hall abstracted certain notes from the bank is at present confined in the Worcester to make up deficiencies in his town county jail, owing to his inability to account. This, the examiner states, secure $200,000 bonds. was admitted by Hall.
12.
February 8, 1910
Daily Kennebec Journal
Augusta, ME
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SOUTHBRIDGE BANK SHORTAGE SET AT $424,442.89. Town Also a Loser to Extent of $29,095, Perhaps More==Plan Offered Depositors Will Give 85 Per Cent.--Hall Had Been Stealing for Entire 20 Years. Net admissible assets $2,596,023.73. Boston, Feb. 7.-The 20 years of Deficit $424,442.89. peculations of John A. Hall. treasurer. It is stated in the same report that mulched the Southbridge Savings Bank there are contingent assets to the amount of $424,442.89. according to the official of $63,000 which the trustees hope eventreport given out tonight. by Bank Comually to realize on for the benefit of the missioner Arthur B. Chapin. This is depositors. The total admitted assets of the result of an examination of the af$2,596,023.73 represent 85.9 per cent. of the fairs of the bank following its suspenotal deposits of the bank. The peculasion on Jan. 21, after the disappeartions represent 14.05 per cent. of the ance of Treasurer Hall. The treasurer bank's deposits. later surrendered himself. He is now Examiner Otis declares in his statement in the Worcester county jail awaiting that the falsification of Treasurer Hall trial. extended over nearly the whole period The report of the examiner shows also that the town of Southbridge will which Mr. Hall was employed in the bank. some 20 years. In summarizing the be a loser. Hall was also town treasmethods employed by Mr. Hall in the urer. Specific report is made of thefts falsification of his accounts Examiner of $29,095. which amount may be inOtis states they may be divided into three creased when the exact relation of afdistinct classes: fairs beween the town and bank are disclosed. Two remedies for the con(1) By arbitrarily raising the amount of dition of affairs is presented to the weekly payments entered upon the countrustees of the bank by the commister book. This netted him $51,150. sioner-The appointment of a receiver (2) By arbitrarily raising the amount of for the liquidation of the assets and weekly payments when posting to the the payment to depositors of the percash book. He abstracted $191,575, and centage realized herefrom: or that the (3) By crediting cash for fictitious perdepositors agree to accept a new book sonal or town loans or deposits in banks for 85 per cent. of their deposits. which he gained $100,600. would allow the bank to resume busiRegarding the balance of the deficit the ness at once. examiner says: In a statement given out tonight President Calvin D. Paige recommends "The aggregate of these specific findings in the deposit account is $359,575. as the acceptance of the second proposition that of depositors accepting a book against an apparent discrepancy of rising $600,000. leaving $240,000 to be accounted for 85 per cent. of their deposits which will allow of the bank being opened on for. The greater part of this difference or about March. undoubtedly arises from the excess of dividends credited to depositors' accounts A circular will be immediately preover what was credited to the general pared and circulated among the deposiledger account of each semi-annual distritors to ascertain their wishes in the bution. matter. "It would not be surprising if the agThe statement of the condition of gregate of interest should nearly extinthe bank as given by Examiner J. O. Otis who went over the books is as guish the difference of $240,000." follows: Due depositors as established by trial 7-20-4 balance $3,020,466.62. 10c CIGAR. Total assets Jan. 21, 1910, $2,603,Increased sales in past year 4,048,677. 509.75. Money's worth to the smoker tells the story. R. G. SULLIVAN. sole proprieLess expense account $4,047.46; less mr. Manchester. N. H. state tax paid $3,438.56-$7486.
13.
February 8, 1910
The Birmingham Age-Herald
Birmingham, AL
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BANK TREASURER IS SHORT IN ACCOUNTS Boston, February 7.-A shortage of $424,442 in the accounts of John A. Hall, treasurer of the Southbridge Savings bank, was shown to exist, when Bank Commissioner Chapin made public his report. The bank commissioner recommends either a receiver for the bank, or a plan whereby the depositors agree to accept a new book for 85 per cent of their depcsits. The shortage, acording to the report, covers a period of twenty years. and represents a loss of 14.5 per cent on the book value of the assets. Hall is in jall owing to his inability to secure $200,000 bail.
14.
February 8, 1910
New-York Tribune
New York, NY
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SHORTAGE OF $424,442. Report of Southbridge Bank Made Public. Boston, Feb. 7-A shortage of $424,443 in the accounts of John A. Hall. treasurer of the Southbridge Savings Bank, was shown to-night when Bank Commissioner Arthur B. Chapin made public his report. The Bank Commissioner recommends either a receiver for the bank or a plan whereby the depositors agree to accept a new book for & per cent of their deposits. President Calvin D. Paige of the bank. in a statement made to-night, and Commissioner Chapin both favor the acceptance of the second proposition, which would enable the bank to resume business March 1. The shortage, according to the report. covers a period of twenty years and represents a loss of 14.06 per cent on the book value of the assets. Hall is at present confined in the Worcester County jail, owing to his inability to secure $200,000 bonds. He disappeared while the examination of his books were being made last month. but later gave himself up and was released under $50,000 bonds, which were increased when it was seen that the bank's loss would be heavier than was at first suspected. Bank Examiner Otis declared in his statement to Commissioner Chapin that the falsifications of Hall extended over nearly the whole period which Mr. Hall was employed in the bank-some twenty years-and that the methods employed were to raise arbitrarily the amount of weekly payments entered on the counter book, to raise the amount of weekly payments when posting in the cash books and to credit cash for fictitious personal or town loans or deposits in banks, the amount of which would be added to the weekly withdrawals and debited to the deposit account.
15.
February 9, 1910
The Press
Stafford Springs, CT
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A shortage of $424,442 in the accounts of John A. Hall, treasurer of the Southbridge, Mass., savings bank, is shown The bank commissioner recommends either a receiver for the bank or a plan whereby the depositors agree to accept a new book for 85 per cent. of their depoists. The shoit. age, according to the report, covers . a period of 20 years and represents a loss of 14 05 per cent. ou the book value.
16.
February 10, 1910
The Citizen-Republican
Scotland, Parkston, SD
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TREASURER OF BANK IS ARRESTED AGAIN Defalcation of John A. Hall, Massachusetts Embezzler, May Reach $500,000. Southbridge. Mass., Feb. 8.-John A. Hall, the alleged defaulting treasurer of the suspended South Bridge Savings bank, was re-arrested today on a warrant charging his with the larceny of $100,000 from the institution. Hall was at liberty under bonds of $50,000 on a charge of stealing $25,000. It is understood the shortage disclosed already amounts to more that. half a million dollars.
17.
February 10, 1910
Burlington Weekly Free Press
Burlington, VT
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BANK SHORTAGE TOTALS $424,452 Southbridge, Mass., Institution Systematically Robbed for 20 Years. Boston. Mass., Feb. 7-A shortage of $424,442 in the accounts of John A. Hall. treasurer of the Southbridge savings bank, was shown to-night when Bank Commissioner Arthur B. Chapin made public his report. The bank commissioner recommends either a receiver for the bank or a plan whereby the depositors agree to accept a new book for 85 per cent. of their deposits. The shortage, according to the report, covers a period of twenty years and represents a loss of 14.05 per cent on the value of the assets. Hall is at present confined in the Worcester county jall, owing to his inability to secure $200,000 bonds. He disappeared while his books were being examined last month, but later gave himself up and was released under $50,000 bends which were increased when it was seen that the bank's loss would be heavier than was first suspected. Examiner Otis declares in his statement to Commissioner Chapin that the falsification of Treasurer Hall extended over nearly the whole period which Mr. Hall was employed in the bank some 20 years and that the methods employed were to raise arbitrarily the amount of weekly payments entered upon the counter book to valse the amount of weekly payments when posting in the cash books and to credit cash for fictitious personal or town loans or deposits in banks the amount of which would be added to the weekly withdrawals and debited to the deposit account.
18.
February 11, 1910
Atlanta Semi-Weekly Journal
Atlanta, GA
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$424,442 SHORTAGE EXISTED 20 YEARS BOSTON, Feb. 8.-A shortage of $424,442 in the accounts of John A. Hall, treasurer of the Southbridge Savings bank, was shown to eexist, when Bank Commissioner Chapin made public his report. The bank commissioner recommends either a receiver for the bank or a plan whereby the depositors agree to accept a new book for 85 per cent of their deposits. The shortage, according to the report, covers a period of 20 years, and represents a loss of 14.05 per cent on the book value of the assets. Hall is in jail owing to his inability to secure- $200,000 bail.
19.
February 11, 1910
Camas Prairie Chronicle
Cottonwood, ID
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# NEWS OF THE WORLD
# SHORT ITEMS FROM EVERYWHERE, ALL THE TIME.
A Review of Happenings in Both Eastern and Western Hemispheres During the Past Week-National, Historical Political and Personal Events Told in Short Paragraphs.
King Victor Emanuel recently received ex-Vice President Fairbanks of the United States in private audience. They chatted for half an hour.
Baker City is to have a commercial club, according to the Citizens' league, a business men's secret order which has taken the place of a commercial club in the past.
To inquire into causes of decline in flax growing industry in Ireland a committee has been appointed by T. W. Russell, vice president of the Irish department of agriculture and technical instruction.
Guglielmo Marconi, the inventor of wireless telegraph, has arrived in New York from England on his way to Cape Breton, where he will superintend the erection of a new power station to replace that destroyed by fire last year.
June 1 has been fixed as the date for the first meeting of the international court of arbitration for the adjustment of the differences between the United States and Great Britain, growing out of the Newfoundland fisheries case.
Lacking the means to maintain the personal political organization essential to success, Senator Frank P. Flint of Los Angeles, Cal., announced recently in a statement that he would not be a candidate for re-election to the senate.
W. G. McMorris, who has resigned as manager of the Nelson Daily News, has left for Vancouver where he will engage in business. His position as president of the Nelson Tramway company was filled by the appointment of J. E. Taylor.
Surgeon Charles F. Stokes has been confirmed by the senate to be surgeon general and chief of the bureau of medicine and surgeon of the navy department, with the rank of rear admiral. He becomes the successor of Medical Director Rixey.
One of the features of Monte Carlo for Americans is Paddy Myles, who has charge of the bar at the Hermitage. Myles spent some 20 years in the states, mostly in Chicago, Denver and San Francisco. He takes care to make it pleasant for Americans there.
Jesse P. Churchill, a cyanide operator at the Flagstaff mine near Baker City, Ore., was fatally burned recently while painting the interior of a cyanide tank. He was working by the light of a gasoline torch, which was accidentally overturned.
The carriage free of postage of all mail matter sent by Theodore Roosevelt is proposed by Representative Hamilton Fish of New York, who introduced a bill to that effect recently.
Franking privileges are enjoyed by Mrs. Cleveland and Mrs. Harrison, widows of presidents.
Mrs. Mary Elizabeth Taylor Huff of Louisville, Ky., who died in that city recently of pneumonia at the age of 66, was a descendant of two presidents - James Madison and Zachary Taylor. She was a grand-daughter also of Commander Richard Taylor, who fought in the revolutionary war.
Colonel Roosevelt will give to the Smithsonian institution specimens of the white rhinoceros family complete. He also has two skins for the American Museum of Natural History at New York and a head for William T. Hornaday's collection. Mr. Roosevelt will not keep any of the white rhinoceros trophies which he has obtained.
John A. Hall, the alleged defaulting treasurer of the suspended Southbridge Savings bank of Southbridge, Mass., was rearrested recently on a warrant charging him with the larceny of $100,000 from the institution. Hall was at liberty under bonds of $50,000 on a charge of stealing $25,000.
John H. Garbar, federal food and drug inspector for the western district, was found dead recently in his apartment in a Portland hotel. Garbar was apparently stricken with apoplexy while standing in front of a dresser, for his body was found lying partly on this dresser and a chair which stood near by.
Sunday vaudeville shows and moving picture theaters in New York received a hard blow recently and many may be closed on Sunday as a result of the decision of the appellate division of the supreme court, which declared illegal all Sunday performances in theaters, except sacred concerts and performances of an educational character.
Taking a leaf out of the book of American commercial history as exemplified in the sending of a trade exhibition ship to the far east by the merchants of Seattle, Wash., Russia has placed a fine exhibition of Russian manufactures and products aboard a ship and is sending it to the ports of the Black and Caspian seas. It is probable it will also be sent to the Mediterranean.
20.
April 7, 1910
New-York Tribune
New York, NY
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SOUTHBRIDGE BANK MAY OPEN. Boston, April 6.-By scaling down deposits 15 per cent, the trustees of the Southbridge Savings Bank, of Southbridge, which closed its doors on January 21, following the detection of a shortage in the accounts of Treasurer John A. Hall, hope to reopen the institution. To-day the trustees filed a petition in the Supreme Court against Bank Commissioner Chapin, asking that the inJunction preventing the bank from receivIng deposits or paying out money which was Issued at the time of suspension be dissolved, and a hearing will be given on June 3.
21.
August 2, 1910
New-York Tribune
New York, NY
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SOUTHBRIDGE BANK REOPENS Institution, Closed by Defalcations of Its Ex-Treasurer, Resumes. Southbridge, Mass., Aug. 1.-After a suspension of more than six months, due to the extensive defalcations of its former treasurer, John A. Hall, the Southbridge Savings Bank was reopened for business to-day. Practically all the depositors assented to the plan of reorganization, which enabled the bank to resume business, and retained their accounts. Their deposits were reduced 15 per cent under the agreement reached, but they were later given a dividend of 2 per cent. Hall is now serving a sentence of twelve years in state prison. He was convicted of the larceny of $324,000 from the bank. but the actual amount of his shortage was $659,000.
22.
August 2, 1910
Daily Kennebec Journal
Augusta, ME
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CONDENSED DISPATCHES. After a suspension of more than six months, due to the defalcations of its former treasurer, John A. Hall, the Bank. Southbridge, Mass., Savings was re-opened Monday for business. Although there was some curiosity to see the new treasurer, Chas. A. Chapman, the number of depositors who visited the bank was not large. Practically all the depositors assented to the plan of reorganization which enabled the bank to resume business and retained their accounts. The deposits were reduced 15 per cent. under the agreement reached, and later given a dividend of 2 per cent.
23.
August 2, 1910
Perth Amboy Evening News
Perth Amboy, NJ
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Closed Bank Resumes. South Bridge, Mass., Aug. 2.-After a suspension of more than six months, due to the extensive defalcations of its former treasurer, John A. Hall, the South Bridge Savings bank has been reopened for business.