| Show MEMPHIS SAVINGS BANK CLOSED BY COURT Memphis Tenn Teno Dec De 14 If bank bankI I ii closed dol by order rde of o the th chancery court E Z I McHenry ha has been h bD ap appointed pointed painted pointe receiver N Th The above abe wa was w pl on the Ih door doore dor dorot of ot the Saving lavinge bank bk one of ot he the 1 oldest Institution In th this the city at t opening time tim this thin tb morning It I I un WI understood u that the I officers officer went before chancellor late lat lat last night Pa lor and applied for a receiver No Nn reason tn for lor forthe forthe the u ha h has yet hewn been given Iv n out oui f I W MacRae Machas Wan a well wll w known knon cPI 11 lit t I Is president und and Ind K E l L U cashier cl T Th A bank carried dpi of ot o over ove Several veral week k ago a 51 a 5 statement wa was published that thu the bank had hd been heavily hUF loaded ln with Ith lh paper peper pr of a certain concern upon which It could not nt real realise realIe ise Ie la This set Nt many rumors afloat allot and nd the tite bank b the tl following ex cx explanation ea in the dally daily papers paper paperA A nU hIlon lon seams eema m to exist XI In iii regard rr to t a loll 10 made atM me by thin I bank The flie T fart facts 1 are that an aa unpaid maturity wits wit Wi Immediately made mado good to tho bank by of It I its officer oale oalean and anil an directors director un a th Ih the bank sustained no n urn liw oer Th claim elm wa w warn bought at al It f i 11 ill by b said td officer anti and director and I their property r rt IH is I from It will be beto long lonK to lb ni wi f e P Read of ot the th Mm m ghI leering House Houi e tl mild 14 tolay luda that thaI the th suspension of o the th Wpm Hem Memphis hank would not affect any ny other In the cIty Ity ty Mr Read Iliad sold aid he h felt 1 certain that thai ill all al depositors depositor r In the Memphis Kemph Savings bank would be he said asli In iti Il full tull fullA tullA fullA A of ot th the of t the suspended hank bank hll woe wax a made mad public on 0 Dc Dec D II I ld I is ax a follows follow Resources url loan and discount i 1 II overdraft Iv rl se cure It 7 stocks and bonds lain II real rel II estate tat I 1 rl h and nd sight Ihl IMI I 11 Ual Ik 7 M bill Li In checks 15 s 5 i cl j II cl |
