The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1896-12-23

bank was declared in better shape than
at the opening In the morning.
The run on the Hiberninn Savings
bank was of short duration, as the OIL
GERS declined to make any payment on
time deposits. unless given 80 days no
tice. They said this was not because
they were not prepared to pay all de-
positors in full but because they wish
ed 10 avoid embarrassment to smaller
bankers who might not be prepared TO
pay all their depositors and who might
be placed In an embarrassing position.
The stronger banks were paying all
demands for time deposits. There was
a slight run on the Illinois Trust Saw
ings bank shortly after IL opened this
morning, the similarity Of its and of
the National Bank OF Illinois having
led some depOsitors To believe that the
former was embarrassed.
This morning as soon as IL became
evident that there was likely To he
crowd In the bank. instructions were
given Ia the tellers TO serve the GUS
tomary CO days notice. but To pay all
depositors who could show that they
wanted 500 of their money for a legili-
mate purpose, The result was that the
score or more Of people who had lined
up at the paying teller's window soon
ulSlltlttAl. IhAibIt lIt titlNt vi bdHhlnE
hours the excitement had completely
died out. The giving Of the notice Was
sanctioned by the clearing house COM
mittee and the object was tthc Illinois
Trust being the strongest savings bank
In the city, Ia give the smaller ones
the opportunity to point To It's action
as an excuse for giving the notice
themselves, which they did and thus
effectually stopped run. The Illinois
Trust 4 Savings bank is said To have
81. COG. 900 IN cash on hand and was to-
day loaning money!
The American Brewing. Mating 4
Elevator company. the George Welsse
Mailing 4 Elevator company and
George A. Wclsse assigned this even
ing in county court. The assignments
for the two companies, which are in
timately connected in business and
that Of Weisse We're brought into court
together at o'clock. The assignee Of
the American Brewing, Mailing 4 Ele-
vator company is the Chicago Title Il
Trust company. The George A. Weisse
Mailing 4 Elevator company assigned
To- the Security Title a Trust company
and that company Is the assignee of
Weisse also. No statement was filed
as to- the assets and liabilities. The
failures of the two corporations was
tho result of the National Bank of llli-
nois. The two companies were bor-
rowcrs from the hank and were in
dcbted To II when II failed Ia the
amount Of more than half million
dollars. AS soon as the failure of the
bank was announced preparations were
begun for the closing up of the business
of the two companies.
| Judge Horton. earlier I'm the day, APP
| pointed a receiver for the general con-
/ tracing firm Of Angus n Glldcne on
| the application of John Angus, one of
/ the members OF the firm. The assets
/ OF the concern We're placed III $500. 00O
and the liabilities at S250,00O. An an
swer was filed to the hill by George a
Gildene, the other member Of the FIRM
conserving to the appointment of a re.
cciver According Ia the hill. the Ma
tional Bank Of Illinois. which failed
Monday. loaned the firm $780, 900 and
! the suspension OF that institution has
/ nearly destroyed the credit of the con.
/ tracing firm. So there was nothing left
hut an application To- court for relief
/ The assets Of the partners consist prin.
I cipally of real estate, accounts recelV-
able and contracts for completion ui
public works, elevated railroad con.
structlon and the erection of buildings