Philadelphia and its 19 branches in this city were closed to-day by order of the State Secretary of Banking.
The bank is one of the most prominent institutions in Philadelphia, its assets totalling $55,000,000, The President of the Bank states that the closing is due to the "steady seepage" of deposits caused by withdrawals during the last few days, adding that the preterit action has been taken in order to conserve assets and for the protec tion of depositors and stockholders. The President declared that the bank was "solvent but harassed by the withdrawal of deposits, 'The bank' had approximately 19,500 depositors with deposits amounting to $45,086,592,—Reuter,
Text read from the printed page and cleaned; old type leaves the occasional error.