Salt Lake Tribune | 1913-10-21 | Page 4 | National Bank is Found Insolvent

HTML BM IS . FOUND Bill Traders', at Lowell, Mass., Is Closed by Order of the Comptroller, TjOWEIjT, Mass., Oct. 20. The Trad-era Trad-era National bank of this city was closed today by order of the comptroller of the currency. The Traders National bank was organized organ-ized in 1S02. According to the last report, re-port, the capital stock was .$200,000. surplus sur-plus S79.000, and deposits $3,031,000. President Clarence II. Nelson Issued this statement today: "The closing of the Traders National bank of this city is due to a combination combina-tion of circumstances which resulted In the impairment of the capital stock of the bank, and the directors havo decmod it advisable to suspend the further transaction trans-action of business." WASHINGTON. Oot. 20. The Traders National bank of Lowell was closed on a report from National Bank Examiner 'Norwln S. Hean that the institution Is Insolvent. Harold S. Murray has been appointed receiver.