Show TELEGRAPHIC J I A Bank Bnrated i Rochester N Y 20The City Bank rated the third strongest in the city closed it doors this morning There is said to have been a deficiency of 500 JOOThe cause of the suspension is laid to have been speculation in stocks and oil by the president Charles E Upton Great excitement prevails It is learned that 0 E < Upton president presi-dent of the bank used 359 000 to carryon carry-on oil speculations The deposits were 500000 Oilier bank hold 800000 of its paper Upton was treasurer of the New fork Episcopal Diocese and had its funds in the bank The city had a large deposit there Jefferson 0 20The community is greatly excited over the defalcations of J Tuller and H L St John cashier and assistant cashier of the Second National tional Bank and the suspension of the bank pending investigation Tuller has fled He has been speculating and used 50000 or 75000 of the banks funds St John on learning that the crime was discovered had a stroke of paralysis Depositors are not likely to lose any money as the stockholders liable for 200COO being far more than the average aver-age deposits |