Deseret Evening News | 1910-04-07 | Page 1 | Borough Bank of Brooklyn Close

BOROUGH BANK OF BROOKLYN It I Has a Capital of Two Thousand More Than Two Millions Milons in Deposits CLOSED DOORS OCTOBER 07 At t Time Its I 11 nel WI thit anil ammil ali S Soon M II nil 81 Sum Iett Icily New Mew Ne York Tork Yo April AI 7 Th Hm I uh bank k of 0 Brooklyn Br closed It It itt t t m Id day d and the tb superintendent or r i bee baa I taken tk The Th bunk lias tu a capital of IN with lh deposit r t rIO store more IO than B It N I Shea i ts of at the te inStitUtion Thi 11 ii I Ith the th second ond bank bink bk failure fiur In i I within a week the first being the t limbo bank bk Supt Cheney t said a that condition I 10 it t tending 1 the t closing cl of nt the th hank bank wen Almost Identical with nh Ih ii tho those the e hl ii h lei leito leito a I Ito to the tb closing dOI of Ir r Hi t I ii h batik bank bankAs blk As A was aa th thi a nhi iiIi the Union bank balk the th Borough lux hunk bunk w us s obliged to u upend upend pend during durin the Ih pain 1111 of lj mud and Ild wa w lute lAO 11 l rIme he new tue u manag manog atie l hll to 10 l assume aun liabilities which have ha U en a heavy Ie load d and th lb uM nI of or tn It I Union hAnk bunk ha had hada l la a 1 timid ad effect on n the th B rul n o I known to In I be In thi th h Mama ame position The h ruih hunk hank hl 1 k closed d UK its ilon in il ii HOT 1907 11 inn i iid n fl th tb charge that the th Ih Institution s fund hal hd beet been b mis misappropriated 11 iiii appropriated MS jiM II j Ho ir ami 1 lt Ii I shier hll Arthur D Di i I VIM i mr indicted lt all nl suicide H a I few rw ilay t Inter It hv hy rutting lulling hi his hlo throat President Shears of r the ti Borough Ink ii Id rug Time effect of Ir f 1 h nn n thi tb I mink hunk hl bus hu t fu severely veI f It hank bunk luring during the Ih last lam laRId ion ew dys d and amid hof it itself elf In a quiet bu bui i a liHA 1 l I of deposIts deposit which r r ul in the bank 8 s ready reab ra rama mill 11 1 ma Tile Thit TP banks a 0 i which It I la be he b i il l v are mote 1 thin 1 adequate ayat to 10 nav iy navall IY all RI 11 I depositor 7 nl In full fut i were to tu a ii anat groat nt Inherited from the Ih which cau IU d dUK UK its In in t I twi W i Mam PI ago a Tho Tue Th ai as II smite el t arm are ar to it H ft i i ible title extent In real rr property both Ii I th the borough of nr Brooklyn in mi I h to a largi larg portion of or ii a hid hili i v I The Ih banks to lu nil kt thi Ihl thu property h t hM at lit the inn II mu resumption an I xh lu nf ii Its I It i it ii ulon huton o supply result 11 i m r m the th Iosi oR t r rIh the Ih bank bink ti Monday explain the suspension i