Norwich bulletin., 1913-04-17
NOTICE.

on Apr1i we puDl1Sh60, in response 1 to the call of the department, state 1 ment of cur condition. We were solvent at that time and we believe we are solvent now, but the suspension of the 1 and of the First National bank of Norwich has created a distrust that is resulting in our depositors calling for their deposits, and in order to protect all of our customers fully, we have de- cided to suspend and place ourselves in the hands of the state banking de- partment.
 The Thames Loan & Trust Co,
 R. W. PERKINS,
 TreaSuerr.
 National Bank Examiner in Charge.
 National Bank Examiner N S. Bean of Manchester, N. H., is expected here tomorrow to take charge of the affairs of the First National bank
 Cashier Hopkins Makes Statement.
 That depositors in the First National bank ought to receive every cent of thelr money was the opinion confident ly expressed Wednesday afternoon by Cashier c. Leslie Hopkins. With our loans properly handled, I believe our depositors should experience no loss from the suspension of the bank, ex- theIr money tied up, it probably will be, for some slime" said Mr. Hopkins.
 Cashier Hopkins said that the sus- pension of the bank was in no way connected with the closing of the At lantic National bank of Providence earlier in the week. The First Nation al bank. said MT. Hopkins, has not dollar of United States Finishing com- pany paper nor of any of its subsidiary companies, so that the present crisis Is not due to holding any Of those se- curities- He indicated that it has been brought about by feeling of distrust on the part of the public which has kz<1 -s.,- PNx <caIrc traceab1e to the public knowledge that Franklin $. Jerome, formerly treasurer of the United States Finishing com pany, was president of the bank, and there has been an increasing number of withdrawals of sums of money from accounts, with few deposits, which had fina!y made it advisable to close the bank.
 Statement by Treasurer Perkins.
 Treasurer Robert w. Perkins of the evening that the placing of the trust company in the hands of the bank commissioners was done more as a protection to the savings department as we'll as to the commercial depart ment than for any other reason. In his opinion the bank is solvent and every depositor will receive his money in full. When he knew of the closing of the First National bank on Wednes- day morning he realized at once what the effect. would be on the Thames Loan and Trust company, as there had already recently been some indications Of a run more than a week ago. and he accordingly at once -ot into com with the bank commission CTS and asked them to take charge of the affairs of the bank.
 Restraining Order Issued
 Upon petition of Fred P Holt and Norris g. Lippitt. bank commissioners of the state of Connecticut, restrain ing order for three months upon the 1 Thames Loan and Trust company was issued Wednesday afternoon here by | Judge William H. Williams of the su ] perior court
 In their petition. which was present. i ed by Donald G. Perkins as attorney, l the bank commissioners state that l they believe the issuance of the re- 1 straining order is necessary to pre- 1 serve the assets of the trust com- i pany. The order is accordingly is l sued Restraining the trust company l from paying out it's funds deposits 1 pr from declaring or paying dividend | on deposits or capital stock for a pe riod of three months from April Is, unless the order is sooner revoked or | m odified.
 Taking Care of Customers.
 Many of the customers of the First 1 National bank were taken care of l W ednesday by the Thames National l , ank, that their checks drawn on the First National bank will be paid
 The officials of the Uncas National bank state that they will give every accommodation in the way # cashing checks outstanding the First National bank and the Thames Loan and Trust company.
 First Nationals Officers. and Financial
 Statement.
 The officers and directors of the First National bank are the following: Franklin s. Jerome; vice 1 president and cashier, c. Leslie Hop irS a n y<d EJ Fif5bits; teller William L Cook: di- .ectors. Daniel B. SpaIuing. James B 1