The sun. [volume] (New York [N.Y.]) 1833-1916, 1875-11-27
WEAK BANKS CLOSING Up.
RECFICERS TfKTNG POSSESSION or
UHfT LITTLE IS LEFT
The rcopIe.. -n,ins. nnnh nnd ll- rru.,ce-

iuNIt Wis IouDle All along the line OF
uptown Tnird ay nue. banks Yesterday The
depositors WHO gathcred around the Peoule's
WINS Bank were erected by the following
statement posted On the door:
TUT hWK iil be closed uu u further notice.
within. n1,neW 8 t. bc seen hut the ianitor
The President. Mr. & res f. Rodgers, visited
tn institution In the afternoon. lie was at first
inclined not to say anything to members Of the
press. lie admitted that the bank was in
solvent, nud added that much would depend on
the readiness with which The trustees, who had
given bond for the deficiency in assets would
pay M. The bank ls liaolc for about sl7OOOO Of
deposits, and the deficiency, not counting the
bond oi the trustees an asset, Is about $4,000.
II holds $4,000 Of North Carolina securities,
bought over four wears apo, before North Caro-
lima securities deprecated to their present
figure rhcy lued by Mr.. Reed, the bunk
cX 90 liner, at Sip. 1t was intended to hold a
meeting - the directors last evening. but none
presented themselves.
The troubles Of the bank began during the
admni-tr ,ti1n II Mr.. Charles Peck. formerly
President u the Me n MOS aud Traders, and
were owing 'o the Investment Of the banks
funds n Southern bonds. since t1cn. as set
+ rth 10 Yesterdays SIS, there nave been several
dt.l-tr a. runs until the concern Is now In a
d, lpie-s and irr,deemahle condition. suprrin-
t"udent Ellis notified the Attorney Gcuctyl
about two weeks ago that r. was his duty to
apply for a receiver Tor the Peoples Bank and
the Attorney General made out tie proper
papers. and Is awaiting the action Of the court
there %.
The bank officers are Charlie. T. Hodeers. Pres
ident' Cyr.s II. l. 'u'rel ant lothian II. Foun-
TAIN Vice Presidents.
TnE PROSPECT ron prPOsfrops.
The PROSPECT Is tna tue dcpositor- Of the Pco-
pie H'nk VIII r''ll' -iX'y cents ON the dollar;
he snf,,rc "A ,t,,, ,,..,. ,-t,., ot,,,, 49,, a.,
w. Ivy 'n', 'e''''e elInN 'on's' Mr.
would ..qu st, nl,ly be en- reed. and the a,en
ne .eouriS : Niug' Il NIX posted the follow
I'M. blns an ioc'inc t, receive deposi,. or pay
a IN .a rs aJ ID" c a 8, t se ,, 9s sSser
Svt yope V,v ot 1897, NJ rf,t. ,,u,.t e.,.-
ln,gnqcs, o. prs'i At ne .anS tas III rnins ne
in, banG atd TAI any Ast,incniS par66rt :, 20 law
h"rn m d uy him rc.Iuiin. tns ~ Ointment - , D.,
,xininc tne oads IN Mon lay 'Ou'''''''n' Tie" viii
In a conversation last evening. snperiptend.
crt EMS calt'd the ittcni.n 4 the repor,.r TO
hid expressed ,ni,re confidence In Tie ~eciirity
= nix He sad ~ AUTHORIZED no such notice
Inc SIS of Thursday morning wts entirely cor
60. hen declined to * ress my views In
rer. rd tott. -oiyeuc, Of the : curly savings
Bunk. nd do decline now. / supposed thlt
tine cx ,mi.er had reached here too ur three
ea',s = put he 60 rot. When an ev nina
mo. will De- ibe g. pass uuon The solv.n-y or
L.,. p ~. %. W. ii.e, derunlns 90 ftc'i I'VE
tn RI i D., me, snd cons derrii proper ''
eg rel sr ,r5 H. IT .isent 9i ,i ,.e S
h'nN was :. went, mat h'- own Tel tiye- D q
u.""fN w, VI, tnH W. ne hau tle fntlc CONF
ire .r1r,rr TX mine the hrok n.'t ,o, XIII.
an eA cr' the repoitcr was unable to under,