Deseret Evening News | 1907-10-26 | Page 7 | Bank Was Closed to Protect Its Depositors

I BANK WAS CLOSED TO PROTECT ITS DEPOSITORS Wf Oct Comptroller of time the Currency Curren ly stated this after afternoon afternoon noon loon that th DunkIng Trust Trual com om company pany and tho Ihl Williamsburg m Trust which lIu suspended payment today were nere directly responsIble for the of doors door of the IS First Ka Na N hank bank at of f Brooklyn It appears 1111 that the latter bank cleared for tor time Ih l two and the tite closing lolling of the bank door today loda was wua for the put JIll of protecting ting their depositors In th BJ as oth 01 r le It would have held responsible tot for f r the paper of th the two trust companies that might corn coma In III any an time III up tl to t tomorrow moraine mt The following statement wa wu given out late today from the comptroller orne Tit The FIrst t National bank bak of oe lyn closed Its it Ion dors i or thIs afternoon and National Ii Ink Examiner George T F Tutt Cult ha hu has taken charge by order of the lb comPtroller of the currency TIM The Pint National bank cleared for the Ibe Wil Trust Trusi Tru company and end the Jan Jun Jankins J kins Trust company of Ie Brooklyn boUt both of ot which failed today lodaY The national bank Ik was waa wa closed elo to lo protect It Its Ita deposit depositor depo tl or ons on t the checks check of tb lb met rae companies which might b be through the Ule ClI house hou