People's Pilot, Volume 4, Number 41, Rensselaer, Jasper County, 30 March 1895 — FAILS FOR MILLIONS. [ARTICLE]

FAILS FOR MILLIONS.

Nashua, N. H„ Savings Bank Closes with 88,700,000 Deposits. . [ Nashua, N. H.. March 27.—With $2,- ■ <00,090 in deposits and a record of fortyi one years as the leading bank here the Nashua Savings bank closed yesterday afternoon. The feeling is intense, fur no other bank in the city, and but three in the state, had more depositors. It was essentially the poor man’s bank and for two score years all bell -v. d in it. Western'investments are given as the cause for the bank's financial diffleuii ties. The officers struggled since the' panic of 1893, but matters grew worse, and the inevitable result followed; It is believed the assets are sufficient to pay "the depositors in full, if time- is allowed •to. convert them to the best advantage -and losses do not occur.