The news-democrat. (Providence, R.I.) 1906-1909, 1907-12-23
DEPOsITORs OF
JEWELERS. BANK
FEAR LONG WAIT

The belief that II will be long time be-
sora the depositors OF the Jewellers Ma
tlonal bank OF North Attleboro viii re-
alize on their money is growing constant-
~. each new development seeming to
strengthen the belief.
The fact that the receiver OF the bank
was appointed AZ a salary of $ce year
IS regarded as an Indication, In many
quarters that depositors IN the pank are
in for a long siege.
Yesterday a report was current IN the
town that one OF the natonal bank ex-
aminers having asked an employe OF the
hank when he expected 20 get his money,
and being answered, "When the affairs OF
the bank are wound up" replied "lf you
walt until then you will be good deal
older than YOU are now.'
MANY EMBARRASSED.
yAny persons and corporations are en-
barrassed as a result OF the unexpected
failure OF the bank.
The North Attleboro lodge OF Elks Is
reported To have $500 OF it's treasury funds
in the bank Bristol lodge OF Masons Is
in similar dilemma, according to we'll
authenticated rumors.
Rev. Ralph r. Conner. pastor OF the
Universalst church. said yesterday morn
the Union Trust company and the church
funds In the Jewellers National bank,
Fr. John w. Mccarthy OF St Mary's
church informed his parishioners at the
morning service yesterday that there was
but $3.50 OF the funds OF that church In
the bank
DR. l.. w Harris Of Attleboro Falls.
who sold out his practice few months
ago and went 10 Philadelphia for post
graduate course at the medical college I'm
that city. had the proceeds OF the sale Of
his practice deposited I'm tho bank.
The funds OF DR. Edward 8. Ward, who
has been sick for some time and Is an
inmate OF the Saranac sanatorium are all
tied up In the bank.
INSURANCE FUNDS GONE?
report was current yesterday that the
Roger Williams Fire and Marine Iu-
surance company of this state had 5000
on account at the bank. but that the
books OF the bank show only $4,000 70 their
credit. II was also said that this same
company had $4,000 in certificates of de-
posit OF which the banks books contain
no record.
A director OF the insurance company
Clinton ID. Gamwell. said yesterday that
the reports are greatly exaggerated.
THE company has no such amount In
TIC ANoItn <Attit-VOIo pdIh, ne rdlu. "
has some money there. but I do not feel
authorized To state the amount at this
time. The directors OF the company will
hold a meeting Monday evening at our
cfrice. room 31S. Industrial Trust building.
ard II is probable that at that time
statement 10 the public will be author
lied
Asked which of the two amounts. 10000
or 5000. most nearly represented the COM
pany's deposits, Mr.. Gamwell intimated
that the last was the most reasonable
The Roger Williams Fire and Marine In
surance company was chartered at the
last session OF the general assembly with
a capital of 10000 II has n surplus OF
about soo.o0o. When examined last spring
by the Insurance commissioners office IL
had large amount on deposit I'm the
Jewellers National bank. An early invest
Uent of these funds was contemplated.
however. and u is thought that this
course was taken. 9HH
The late cashier OF the bank. Mr.. Sar-
geant was one Of the prime movers In the
forming of the Roger Williams company
last year. although his stock holdings arc
said TO have been small.