Norwich bulletin., 1913-06-21

Cited to Appear in Superior Court at Putnam June g Officials Deny Necessity of Receiver and Will Wig
 orously Oppose Action.
 An important development Friday in l the affairs of the Windham County Savings bank. which has been closed l state bank commissioners since Aug. 6 of last year, was the serving of off, cers of the institution with papers in which the officers are cited to appear in the superior court for Windham county in connection with the appli- cation for a recelvership for the bank made by the state bank commission CTS.
 The application was made in the su- perior court for Windham county, and Monday, June 30. has been named as the time when Judge Gardiner Greene of Norwich will be at Putnam to pre- side at the hearing on the application. The application for the receivership came as a surprise to the bank off, cials, and from some things heard Fri day it is evident that the officials of the bank will fight to the last ditch against the recelvership, for if a re- ceiver is appointed 1t will mean the winding up of the affairs of the insti tuition, and the bank people have con- tended since the injunction was first
 
 can be opened and do business as usual, without danger to any depositor
 In any event, IS events have now shaped themselves there is to be a showdown and some very interesting developments are looked for, and it is said all of these will not be on one side of the controversy as to the real condition of the bank. The following is a copy of the com plaint served on the bank and a copy of the citation:
 Text of Examiners Notice. To the Honorable Superior Court for
 the State of Connecticut, at Put
 nam, in the County of Windham, in said State:
 Greeting:-
 Respectfully represent Norris $. Lip pitt of the Town of Norwich and County of New London, in said State, and Fred P. Holt of the Town and County of Hartford, in said State, as follows:
 l. They are the duly appointed and qualified bank commissioners for the State of Connecticut.
 2. The Windham County Savings Bank of killingly was duly incor- porated by resolution of the General Assembly of the State of Connecticut in the year 1884 and has been con- ducting a savings bank at Danielson in the Town of Killingly until Aug. 6, 1912, when the same was restrained from conducting such bank by an or der of Judge of the Superior Court in accordance with the provisions of Section 3460 of the Public Acts. and such restraining order was on or about April $. 1913. continued for a further period of six months.
 3. Your petitioners are of the opin- ion that the charter of said savings bank should be forfeited because of fnflf 17+ 1sara H. 1 because of long continued insolvency and inability to resume the business of a savings bank and further, your pet1- tioners are of the opinion that the public Is in danger of being defrauded by said savings bank
 WHEREFORE the undersignseo pre- fer this complaint
 l. That said bank may be enjoined from any further proceedings in it's business.
 2 That its charter may be revoked and its property disposed of
 8. That a receiver may be appoint ed to wind up it's affairs and distribute it's assets unoer the orders and direc- ton of this Court
 4. That a citation may be issued by this Honorable Court to said bank commanding it to appear on a day and answer to this complaint.
 5. That such other and further ac- tion be taken in the premises as the Court deems just and proper for the interests of the depositors of said bank.
 Dated at Hartford. this 18th day of June, 1913.
 Respectfully submitted,
 NORRIS s. LIPPITT,
 FRED P. HOLT, Bank Commissioners for the State of
 Connecticut
 By Stewart N. Dunning,
 Their attorney.
 Cited to Appear June g.
 ham, His Deputy or Either of the
 Constables of the Town of Kill
 lingly, within said County: Greeting:-
 By authority of the State of Con- necticut you are hereby commanded to summon The Windham County Saw ings Bank of said Killingly to appear before the Superior Court to be holden at Putnam in the County of Windham on the 23d day of June. 1913, at 10 o'clock a. n1.. by serving true and attested copy of the annexed com plaint and this citation upon John A. Paine, President of said bank; R. R. James. Vice President of said bank; Earl M. Young, Treasurer of said bank, and majority of the following direc- tors or trustees or SaIQ Ddnks to WlCs James Perkins, E. E. Bitgood. F. F. Warren, A. J. Bitgood. c. A, Young, William P Kelley. J. w. Gallup, F. T. Preston. C. s. Hyde and N. G. Will Hams, all of said Killingly. on or be- fore the 21st day of June. 1913.
 Hereof fail not but of this citation with your doings thereon make due return according to law.
 Dated at Putnam. this 18th day of June, 1913.
 by the Court
 EDGAR M. WARNER. Clerk
 Visitors from the Hub.
 MT and Mrs. Milton Reed of Boston were visitors with relatives here Fri day.
 A. H. Huntingdon is to leave Monday morning to attend. with the delegation from this state, the 50th- anniversary observance of the battle of Gettysburg. Earl Winslow,. clerk at the post office, is to begin five days vacation next Tuesday. this time being due on his last years vacation.
 Edwin Reach of New York was a visitor with relatives here Friday.
 A. V. Woodwork and Carl Anderson were among those from this place who attended the boat race Friday after noon
 Albert vachon, student of Yale and formerly of Danielson. was a visitor here Friday.
 Dr. J. Milton Coburn of South Nor- walk was the guest Friday of William H. Shippee.
 William Young is spending the week Officers of the Thirteenth com pany will he at Eort Wright Eishar'S Island