The Providence news. (Providence [R.I.]) 1891-1906, 1903-12-23

BARR0WS
IN CHARGE
Receiver Appointed by Court
Gould Not Assume Control Of
Failed Banks Affairs.

Danielson, Conn, Dec. 23.--In accord
ance with the order OF Judge eager ~
the state superior court, who after hear
ing in chambers at Hartford yesterday
appointed Joseph p. Tutte OF that city
receiver OF the institution Oh the pet
ton OF a stockholder the doors OF the
Windham County National bank were not
opened for business today.
Among stockholders and deposituTs
there was much interest as TO the prob
able action OF Receiver Tuttle In view of
the fact that another receiver. Ellis ".
Pepper. had been appointed by the ma
tional comptroller OF currency
Arthur Atwood. a director OF the bank.
who ts also agent OF the Quinebaug Cot
ton mills OF this place, declared himself
pleased with the action OF the national
comptroller and expressed confidence
that the affairs OF the Windham County
bank would be found 10 be satisfactory.
Mr.. Atwood is not one OF the directors
mentioned in the allegations presented
before Judge eager I'm Hartford by the
petitioner for the reeeivership. Mrs.
Charles A. Russell, wife of the late con-
gresham.
A LITTLE ANXIETY.
A little anxiety was manifested today
among people having money In the Wind
4
officers OF which are also directors OF tne
national bank, hut though there were
some Withdrawals OF small amounts. tho
/ trouble did not reach the proportions OF
! run. John 4. Payne IN president OF the
/ savings bank and James Perkins and Al
I bert ID Putnam are among the directors.
they were all referred 10 In the COM
plant alleging speculation with the ma
/ tional bank funds filed In the Hartford
proceedings yesterday.
Officers of tho savings bank said today
| 40. otf 10
reasonable precautions will be taken Co
protect the bank and no sums of very
large amount will be paid out
MR. BARRows IN CHARGE.
Hartford. Dec. 23.-Federal interference
In the matter OF receivership of the Wind
ham County National bank OF Danielson
set awry the arrangement OF the superior
court, made through Judge eager yester-
Ea s 'hs sy %a6% Sa se psSn o. ms
Russell. AZ result of this petitieH- az
a stockholder OF the bank Joseph r.
| Tuttle of Hartford was appointed tenn
porary receiver under a bond of $4,000.
When Mr.. Tuttle went 10 Danielson To
assume control OF the banks affairs and
presented himself at that institution to-
| day he found United States Bank Ex-
aminer Edwin a. Barrows OF Providence
there. Mr.. Barrows had already assumed
control OF the banks affairs as a repre-
| sentative of Ellis s. Pepper. who was ap-
pointed receiver of the bank by the comp
troller OF the currency at Washington
Mr.. Tuttle thereupon returned to Hart
ford He said he would not enter a pro-
test as he was satisfied that the Federal
officer was in lawful authority. but he
made formal demand upon MIR. Bar
rows TO turn over the banks affairs This
demand was refused
In an interview Mr.. Tuttle said that had
he reached the bank first. he would like
wise have declined TO vacate for Mr.. Pep
per or his representative. 1t was a ques-
tson of which receiver would get there
first and the Federal representative won.
Attorney Edward u. Robbins, who rep
resented Mrs. Russell In the court pro-
ceedings yesterday said today in relation
TO the action OF tho comptroller OF the
currency that 1t was immaterial TO him
which receiver took control. lie was oi
the opinion that whichever receiver got
to the bank first would be recognized. Hs
added that there was legal ground for the
action taken In the Superior court. q
stockholder having made application foI
n received.