The sun. [volume] (New York [N.Y.]) 1833-1916, 1897-12-24
10 the city as the foundation for a public art
gallery. Warrants for moot OF the $1,000 In the


e the oit %s a, the TO- tSr %o.t 81 ,5 ssF a { ,goS IL t a5s
oa M. we're ISSUED edo on TT Tuesday; han, Including
11ot sipiier any iSsss, i i said, The TessahsTs'
tormsE school tcaeSsrs depend for their living
Cation. T fSsS annual snSi pension ensE IRAN ranges from about
$500 TO $3.50. A term OF thirty.hve year, OF
service 90 a teacher u necessary to entrtre q
persona are old and. feeble, Two women. one 70
Iears old and the otheT so. both gensioners OF the
mas. and they broke down when they found that
1900. in. The bank saw Col. sinssrly to-day.
She. told him that she had, earned the money
S Sf.'nMs Many SSer Similar ahS IEo' in sSa sns' were W w'T Tep POI saH
The police pension fund had deposits In. the
bank: Magistrate EisenbrSwI. who kept his re,
&250 to-day to make his return to the City
Nearly all of the Chestnut Street Benk's cor
respondonts have balances e its credit I has
T. balance Of $4,000 at the Philadelphia Clear
A conference was held THU, evening between
Mr.. singerly, Examiner Hardt, Al D. Lynch Of
the Comptroller's office, Washington; John Q.
s @%' Of sSSns Ety. ro ). III aoS SS%ps dsSSnrSeil, MI. Sing.
erly's counsel. and q plumber OF well.known
%Gai u Ts' By prs Ssiss al d The Sspt e e e%rs@ito a1
may DO paid In full and its Affairs. wo nd up.
su an q y, 900. 900 worth OF bonds on the Rec.
s on a pssG Ike .saH shs ~ %G sfsSis ss s BE- r., P,sS S.n sH straight
h. Il ill., Il thought % y sIpsI that m G9,, s.n &c ks. fr re SasE VIII Ill
suspension Of the bank, has told, heavily on
Col Col, ,sinEs,r .I,i., He H.. e and s,,, h ds,.f friends len snn hGpe
ment Of y receiver, as long as 1t e possible. and
they think that It will be possible to have the
bank go into voluntary liquidation IL q little
time is given to arrange the details.
RUN ON AN ELKToN
ELKToN, Md, Dec. 23.-Immediately after the
news reached hero that the Chestnut Street
great S1citemsnt. Mr.: sins r,iiS interests
R eIss.Sr Is FL P " In mil S.es Az SSjs sfiaasI Z B si;2
S Si, t Pbi,, city, Th Ssh.. Is sn the S,t SSSiTrssS s}S sS soS of
was . run on the Eikton Bank. Every deposit.
or's demands were met and eventually the ex:
the bank announced that the ElktoH Bank was
perfectly sound and ready to meet all demands;
the Currency was Informed this morning that
the Chestnut Street NationSl Bank OF Phila-
d del ss oh hod d6 dstlea %b WIZ a.n Liabilities .seo SGpIro1 IN tSo
Comptroller Eckeis says that arrangements will
hands Of a receiver.
OF the failure, although the, condition of the
bank has occupied his attention for some time.
On Tuesday last the Comptroller spent tho en-.
tire day at the banking house in PHILADELPHIA,
going carefully over the situation with the
banks officers. From an accounting of the
available assets II was believed that suspension
OF business could be avoided. Failure to realize
on some assets which were considered immedi-
ately available, Mr.. Eckels said, led to the
failure.
Vice-President Pullen of the National Bank
Of the Republic, which is the local correspondent
OF tho Chestnut Street Bank. said yesterday
that he had been surprised by the news from
Philadelphia.
II learned over the telephone" said Mr.. Pull
len. "that the closing of the Chestnut Street
Bank followed . meeting of the Associated
other banks decided not TO assist the bank. just
what was the cause Of the closing have not
more money to It's credit with pS than 1t has
ever owed MS. I do not care to say Just what Its
account with us 10 at present."