Rensselaer Journal, Volume 10, Number 41, Rensselaer, Jasper County, 21 March 1901 — Ran on Massachusetts Bank. [ARTICLE]

Ran on Massachusetts Bank.

A run on the Natick (Mass.) Five Cents Savings bank started Friday and a large number of depositors from Natick, Farmingham, and Saxonville appeared at the bank’s doors to draw out their money, a rumor having gained currency that the institution was insolvent. The bank has assets of $2,188,688.24 and is regarded as one of the strongest banks in New England. The rumor arose through offering for sale of some of the bank’s shares. According to an officer of the institution, the bank has been desirous of disposing of several shares which it had held for Investment. From this, it appears, a report spread that the bank was in need of cash and was offering shares to obtain it The bank is entirety solvent.