1908: Overdose of Prosperity

Columbia Trust Company of Middletown, Conn., Closed by Bank Commissioners.

Middletown, Conn., Oct. 26–The Columbia Trust company of this city did not open its doors for business today, and the following explanatory notice was posted on the building:

“Upon advice of the bank commissioners, no business will be done for the present at least. Deposits received Saturday will be returned to the depositors. The company will continue to act as trustee for such estates as they have in hand.”

Bank examiners were at work today on the books of the company, and it is expected that a settlement will be made in six months.

From The Salt Lake Herald (Salt Lake City, Utah), Tuesday, October 27, 1908.

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