Show I I I I I I TW I T U T TL L MP lf f IL I The Union of Boston Doston Closes its Doors With Liabilities of or ITS ASSETS ARE NOMINAL Trust Co of Cleveland Makes IDIes I An Assignment A Shortage May MayHe He Be thc Cause Boston ton March Union company closed Us 18 doors today The Tho company was wall Incorporated In III with witha a capital of oC The fhe president Is III former Congressman William B E Dar relt Mr Karrett Borrett oho also Is n a well known Doston publisher Frederick li B Hob Hoh crts erts Is treasurer and tho directors are William H J Barrett Charles H n Adams AdamI AdamIC C P F Donnelley James W V M II J and 0 A Stone Tho liabilities ot of tho company arc placed at with nominal assets of oC about the tho oame n mount Tho rho dUll of thc tho concern lire are attributed to heavy hea by depositors ors und the tho Inability of thu management to re rn on In III order to provide for fOI HB usual demands demand At the tho of oC ho tho savings bank commission erl It I was wal stated 1 the company had been heel temporarily enjoined by the IU u court cour and nud that the application for tor a permanent Injunction was WOR return returnable able when the thc court will wIl be bO to appoint a I receiver Ier Tho di directors II rectors of the tho company announce that no 10 opposition will wi be Ic made mado to n 1 receivership reco and al the company will go out nut of or business They declare positive positively ly Iy that depositors will wil lose 1081 nothing nothing J CO Cleveland 0 March Irhe Trust company nn ni assign assignment ment lent to tho Trust rust company co I Tho action IH II stated to hlo been beon taken Inken ns IR a result resul of the of ot a A prominent of ot tho Federal Trust Tru t company In circulation that a II has lu boon found In tho funds of O thu concern no n statement has hal yet e been on filed by I tho Federal company It In II under 1100 It will wil turn lurn over In deposits to the Assignee n Its Il total assets will wil bo about The Federal J Trust company has hOI n capital stock of It I has his a surplus fund tul ot oC 00 and about undivided According to Its 11 last report It 1362 In loans and discount C 0 real estate loans III owned worth of ot bonds and mortgages Its lust statement showed Individual ot or hut but th tho deposits about abut nt tho close CIO of oC last Iut night An 1 roach ed between h the th directors director of the Feder Federal al a Trust company Ind tho Trust company ago pro for tor the merging of Ih two to con COl corns ml Tho of oC tho Iho dm of ot the company however 01 precipitated and tho directors decided that an nn assignment would probably ably Rbi avoid n run on tho bonk bank and pro protect protect all 11 Interests |