Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1910-03-08
Is Word From St. Ste
phen, N. B., Bank
Payment Suspended and Bank
OF New Brunswick
Takes Charge Of kffairs-'' Maine
People Largely Interested.

81. Stcub"n. n g., March '-torlnai
announcements that the st. Stephen
Bank had suspended payment was
made TODAY N the regular time for
| opening for business by Il. Is. Eessen,
manager of the Bank "f New hru''@-
| wick 4, ST. John. who arrived by spo-
| cial train from st. john "ariE touay'
recommended by lawyer ana two BANK
| clerks.
Manappr Kesscn has been appointed
curator of the bank and opened IN the
SAM, building a branch 81 the Bank "l
| Now Rr,InsWjck. announcing that he
Womb tax. care of the business ct the
- Stanheu bank as far as possible. II
v-os stated that depoSitorS will lose
little.
\ rannrt was current that Treasurer
N'hitIoc1 was a stakeholder III the Go'd
King mines in which several Name
men have lest heavily and that me
bank held loans on the securities u1 me
mining company. but no one would
confirm il.
\ numher Of Calais people are stock
holders and depoeftors. There is Il
double lIal,ility- on The stock and notes
ISt;lifG fDN titt bttilh GU - 49, ~ ~ 49,
Canadian Rankcrs' Association. Cura-
tor I<tssen was sent here by TINS as
SU.'iatiol. ~
The hank is capitalized at 100000
?rd was opened about 1850. It's stock
sold at par until d year or two ago.
hen it began to fuctuatc and dropped
to about o..
The bank was supposed To have a
-esnrXe fund of $4,000. Frank Todd is
president. john = chipu1n, vice pres
jdcnt. Julius Whitlcck. cashier. INC
nttIciaIs are ais" directors with Philip
Brcen and John q. Mmchic. Th" lars
ost Stockholders are James Murlhle
Sons; co, of Calais. Me, vino hold $Soo"-
other r'crlDtrs of the Murchle famllF
hold $500 in stock.
Among the shareholders of the bank
are the following. Francis J. Brewer
Hannah A. DeWolfc, Geo w. Porter,
Harriet T. Todd. Ellen I'll. Todd ana
Henry r. Wordsworth, all of Boston,
Helen w Hobson. Isaac b. Hostoru'
Jessie W Moore Rebccca -. Moore
Annie f. stevens and Edmund II,
Vaughan, all of New York; Sarah
Copelaud. Henry G. Copeland. Henry
= Eaton Estate. Geo. +. Gardner.
Emely j. Hill Estate, j. Murray Hill
Estate, Fred y. Lowell, Annie w
Leighton. Alexander Leighton. Nina
De H. Murchic, James Murchie Sons
Co, Louisa Y. Murchic. William T.
Murchic. Emma Mccullough. Francis
T. Mccullough. Mary y. Osburn, Mary
A. Perkins. Julia Prescott, Louis 7.
Ross, Harriet \. Rounds Dora M
Rounds. Minerva II. Swan, GeOrgianna
A. Taylor. Laura Nick. Taylor; Har-
ret p WaShburu, all of Calais; w. II
McAIliSter, Orono. Me: :. J.. Peabody
Princeton, Me; Charles b. Nose. Pat
ten. Nc; {. r. Wilder. Augusta, Me.
John J.. Hobsun, Haverhill. Mass; II
w. Hayward. and J. NJ Johnson, OF
Ponkapoa;,. Mass: Mary G. Harris
Nashua. \. H.. Robert Lindsay, Gin
cinnati. %, MorriStoWn Trust co.
Morristown. ~ J.; II. +. Peabody, New
Haven. Conn: Ida +. Sour, Passaic
\. J.. and Ella : Whitney, Hartford
Conn
\ dispatch from Montreal this after
noon states that funds to be collected by
an assessment of the banks Stockholders
and hv tn" liquidation of tine assets will
he sufficient to pay depusitors aud note
holders III full The amount of the IS
sessment has not vet been figured