Philadelphia Failure

Depositors in Bankers Trust Co. of Philadelphia, last week found the bank and its 21 branches closed, this notice on its doors: "The business and property of the Bankers Trust Co. of Philadelphia is in the possession of Peter G. Cameron, Secretary of Banking of the Commonwealth of Pennsylvania." The bank had $55,000,000 in assets on Sept. 24, was known in Philadelphia as "the Greenfield bank," owing to its identification with Albert Monroe Greenfield, real estate operator. The institution's depositors numbered 135,000. their funds totaled $45,000,000. President of the bank was Samuel H. Barker, son of the late Wharton Barker, presidential candidate on the Middle-of-the-Road Populist ticket in 1900. The bank was not connected with New York's Bankers Trust Co.

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