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Forrestville (N. Y.) Bank Closed. DUNKIRK, N. Y,, June 21.-After a run on the State bank of Forrestville, caused no doubt by the well known fact that it had close business relations with the Fredonia National bank. just closed by the federal authorities, the directors were called together and at a conference decided to close the bank doors. Cashier Allen said the bank has resources ample to pay all depositors in full.
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Forrestville, (N. Y.) Bank Closed. DUNKIRK, N. Y., June 21.-After a run on the State bank of Forrestville, caused no doubt by the well known fact that It had close business relations with the Fredonia National bank, just closed by the federal authorities, the directors were called together and at a conference decided to close the bank doors. Cashier Allen said the bank has resources ample to pay all depositors in full.
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FORESTVILLE BANK MAY PROVE TO BE SOLVENT DUNKIRK, N. Y., June 22.-C. W. Harmons, of the State banking department, has arrived in Forestville, and begun an examination of the State Bank, which suspended. The opinion prevails that it is solvent and will be permitted to reopen. The excitement over the closing of the Fredonia National Bank is subsiding.
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BANK PAPER MISSING. Becurities Worth $4,000 Disappear from Fredonia National. FREDONIA, N. Y., Nov. 3.-About $1,000 of securities sent to the Fredonia National Bank by the Forestville State Bank have disappeared. The Forestville State Bank closed its doors the day after the Fredonia National Bank falled in June. This announcement was made yesterday by Receiver F. L. Smith, incidental to a statement showing the general condition of that institution. Mr. Smith's statement shows that at the time of closing the bank had $145,000 denosits and assets nominally stated at $180,000. which he classifies as follows: Good, $125,000; doubtful, $25,000; worthless, $30,000. An assessment of the full value of capital stock of $25,000 will be made on the sto 'kholders.
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VALUABLES GONE Securities That Were Being Transferred From One Bank to Another. Buffalo, N. Y., Nov. 3-A special from Fredonia says: About $4,000 of securities sent to the Fredonia National bank by the Forestville State bank have disappeared. The Forestville State bank closed its doors the days after the Fredonia National bank failed in June. This announcement was made yesterday by Receiver F. L. Smith, incidental to a statement show. ing the general condition of that institution. Mr Smith's statement shows that at the time of closing the bank had $145,000 deposits and assets nominally stated at $180,000 which he classifies as follows: Good, $125,000; doubtful. $25,000; worthless, $30,000. An assessment of the full value of capital stock of $25,000 will be made on the stockholders.
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$4000 IN SECURITIES DISAPPEARED IN TRANSIT Buffalo, N. Y., Nov. 3.-A special from Fredonia says: About $4000 of securities sent to the Fredonia National Bank, by the Forestville State Bank, have disappeared. The Forestville tate Bank closed its doors the/day after the Fredonia National bank failed in June, This announcement was made yesterday by Receiver F. L. Smith, incident to a statement showing the general condition of that institution. Mr. Smith's statement shows that at the time of closing the bank had $147,000 deposits and assets stated at $180,000 which he classified as follows: Good $125,000; doubtful $25,000; worthless $30,000. An assessment of the full value of capItal stock of $25,000 will be made on the stockholders,
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SECURITIES DISAPPEAR. Sent by One Bank to Another-Both Have Failed. Buffalo, N. Y., Nov. 3.-A special from Fredonia says: About $4000 of securities sent to the Fredonia National Bank by the Forestville State Bank, have disappeared. The Forestville State Bank closed its doors the day after the Fredonia National Bank failed in June. This announcement was made, yesterday, by Receiver F. L. Smith, incidental to a statement showing the general condition of that institution. Mr. Smith's statement shows that at the time of closing the bank had $145,000 deposits and assets stated at $180,000, which he classifies as follows: Good, $125,000; doubtful, $25,000; worthless, $30,000. An assessment of the full value of capital stock of $25,000 will be made on the stockholders.