The daily morning journal and courier., 1895-04-23
w1111M4NrIo nANK onosED.
This Action Ordered on the Report of Bank
 Examiner DooleY.

Examiner Dooley.
 Willimantic, April 22.--At 9:45 o'clock this morning Bank Examiner Michael F. Dooley closed the First National bank and took charge of it's affairs. He placed a notice on the door which read as follows:
 Willimantic, Conn, April 22.
 The First National bank is closed. It is in charge of a national bank exam iner. (Signed)
 MICHAEL F. DOOLEY.
 The news that the bank had been closed soon spread and the bank was quickly surrounded by a crowd. The business men of the city were greatly surprised when informed that the bank was in serious trouble, and probably ir- solvent. None of the directors would make statement and Bank Examiner Dooley said he had not had time to ob- tain much information concerning the banks affairs. He promised to make a statement later. It appears that the fact that there was anything wrong was not suspected until after the death of Cashier Risley. Some peouliarities in the accounts of the dead cashier was accidentally discovered, and the matter was called to the attention of the directors. A careful examination Is said to have resulted in startling dis closures.
 A Connecticut Associated Press eorre- spondent saw President Ansel Arnold of the First National this afternoon and asked him for a statement of the banks affairs and the condition of Cashier Risley's books. He replied that the matter was entirely in the hands of the bank examiner and until he had completed his investigation no state ment would be made. The closing of the bank has caused a great deal of ex- citement among business men and peo- pie who have deposits in local banks. This afternoon a woman went to the Dime Savings bank and tried to draw $1,200, all she had on deposit. She be- came alarmed over the suspension of the First National bank and wanted to get possession of her money. Teller Crane told her that she could not have the money, as all the banks funds were locked up in the First National bank This story spread, and several others called at the Dime Savings bank and tried to draw out their deposits.
 A dispatch from Washington says: Comptroller Eckels appointed Michael Dooley receiver for the First National bank of Williamantic. The recent death of Cashier O. H. P. Risley led to the discovery that he was short in his ac- counts, and had been guilty of unwise management. Something had to be done, and as the directors did not feel able to do it, Comptroller Eckels ap- pointed Examiner Dooley receiver. The bank is capitalized for $1Oo0OO. Eckels thinks it will be able to pay all debts,
 Congressman Henry of the First dis trict, one of the stockholders in the bank, was seen this morning in refer ence to the rnatteF He said that cer- tain transactions of Risley's part cam not be explained, and that an tnvestiga- tion Is necessary. Rtsley was largely interested in various manufacturing concerns, and papers drawn by these concerns has been deposited in the bank heavily. This cannot be estimated at its full value, as It's worth Is not known at present. It is uncertain. He would say nothing further upon the subject.