The Barre daily times. (Barre, Vt.) 1897-1959, 1921-07-20
State Bank Commissioner
Carpenter Made
Stateme I
QUARRY BA
BACK s NORMAL
Furry Owe 3 false Rumor
%
Had Cor g ,tely Subsid-
e1 To-day

That the Quarry Savings Bank
Trust company is absolutely sound
was the unqualified statement to-da,
by George B. Carpenter, state banl
commissioner. This statement wa
made in connection with the regret
table affair" of yesterday and MONDAY
night when some depositors, excited
by false rumor, started run on tn,
bank.
Commissioner Carpenters statement
is as follows
Yesterdays disturbance at the
Quarry Savings Flank l. Trust
Co was a regrettable affair, based
wholly on streS talk having no
foundation.
The Quarry Savings Bank 4
Trust Co. is absolutely sound, as
shown by my recent examination.
It's board of directors is composed
Of leading business men who are
in very close touch with the banks
affairs. The institution is well
officered by experienced bank men
and the bank and its officers and
directors are entitled to the con-
idence and respect of the deposit
ing public.
There ought not be any concern
relative to the solyency of any
bank in Barre or in the state OF
Vermont.
George Carpenter.
Bank Commissioner.
Normally was full restored at the
,ank to-day. Business was being car
led on as usual and many deposits
we're being made in both the savings
nd the commercial departments, while
'hly one application for withdrawal
Inder the 60-day clause had been made
luring the early morning banking
lours.
Good executive ability, supported by
he splendid expression of confidence
n the soundness of the bank, as shown
" banking interests of Barre, Wash
ngton county and the state, and sup
orted by calmer public opinion, had
arried the bank through one of those
rying times which any bank may be
allied upon to face and without any real
ause. From many sources came ex-
ressions of confidence, accompanied
! not few instances by offers aof
sady money TO cope with any stu
ton that might develop.
Many individuals took the occasion
nring yesterday and to-day TO make
sposits in the bank in order to give
Ipression TO their confidence in the
INKS stability, while others who
ithdrew their money in the tempo
ry excitement were taking advan-
ge of the banks offer to accept the
'posits again without loss of inter
I to the depositors. The first wom-
to withdraw her money yesterday
lephoned the bank to-day that she
Duld renew her account, while an
her, who took out a large sum, in
Iding a few cents, re-deposited the
Mount even to the few cents.
Statement by Directors.
The offer to old depositors was con-
ined in the following statement, in
lich the bank expressed its appre-
tion Of the loyalty shown;
10 Our Depositors We want pub
" to express our appreciation for
, loyalty of the great majority OF
r depositors to our and their bank
ey know. as well as we, that the
airy Savings Bank & Trust Co. is
ind and is growing stronger every
r. Every depositor's money is safe
I can be paid dollar for dollar but
bank in the state can call in its
ms quick enough to satisfy con
ued run upon its liquid funds. The
nors started last Saturday are
bout foundation.
We solicit the few who withdrew
ir deposits TO re-deposit them in
, hank without the loss of interest,
u number already have done. By
doing they will do their part TO
ate the unfoundcd tales of the gosS
RS. We will continue To do busi-
: at our bank for years TO come,
our customers will always receive
protection for their deposits.
"B A. Eastman,
II. J. NJ Jones,
Nv. G. Reynolds,
James VI. Boutwell,,
"B. W. Hooker,
-. l. Scott.
H r Cutler.
D irectors Of the Quarry Savings
Bank & Trust company"
eanwhile efforts are being made 10
en- the blame for tlg spreading Of
false rumor. Tie bank yesterday 4,
rnoon posted an announcement. Of
X $1,000 reward for information
would lead to the arrest and ON
on Of the party responsible for
ting the false story. Az previously
"a. there are some rather definite
= of tho rumor. hut not vet suf-
lt 20 warrant action. il i believed
! Concert Tonight wednesday,.