Santa Fe daily New Mexican. [volume] (Santa Fe, N.M.) 1885-1897, 1896-12-29
BANKS WITH BROKEN BACKS
The Banks Beat Bryan and Gave Vic
tory to Advance Agent of
Prosperity.
ENJOYING FRUITS OF THEIR TRIUMPH
Serious Bank Disasters in Illinois, Min
nesota and Virginia To-day-Of
Course Depositors Are Prom
ised Full Payment.

Batavia, ILL.,, Dec. 29.-The liquidation
of the Atlas bank at Chicago has precipi-
tated the suspension of the Van North
wick bank at Batavia. An assignment
has been made by W. s. ard j. s. Van
Northwick to the Equitable Trust COM
pany of Chicago. The liabilities are
said to aggregate $2000,00O. The Van
Northvicks interests are largely in paper
mills and manufacturing industries val
ned at $2,50O,O00.
AND STILL ANOTHER.
Minneapolis, MINI. 1.-The Columbia
National bank, an institution of COM
paratively recent establishment having
100000 capital closed it's doors this
morning and is in tine hands of the bank
examiner. According to it's last state
ment on December II, it had loans and
discounts amounting to $348,145; bonds
TO secure circulation $4,000; real estate
and mortgages $48,728; due from other
banks $42,S97; cash reserve $34,872;
other cash items $l1,S52; national bank
notes outstanding $4,000; due to other
banks $l36,679; deposits subject to
check $l01,507; certificates of deposit
$685. certified and cashiers checks
$3,313; bills payable $4,000.
Cashier Joseph Goebletter said: "We
could have stood the pressure little
longer, but to protect the majority we
closed this morning. We have $4,000 in
cash and inside of sixty days we expect
to have fully 100000 more collected.
Our total liabilities are only $247,000.
There is no doubt that we will be able to
IN fun foir
settlement with the stockholders"
The officers are: Charles Kettleson,
president; H. Thorson, vice-president;
Joseph Goebetter. cashier. The bank is
In the immediate charge of Geo. Fl. Coffin,
deputy comptroller Of the currency.
II believe" said Mr.. Coffin, "that the
suspension will not cause any further
trouble. The national banks of this city
are strong financially"
ANOTHER FAILURE AT MINNEAPOLIS.
The Washington bank, a state institu-
tion, closed its doors this noon. This
bank had capital of 100000, and by
the last statement, at the close of busi-
mess on December II, it had $407, 7,104 IN
loans and discounts; $14,228 in overdrafts
secured; $20,165 in stocks and bonds;
$l4,475 in real estate, and $88,272 in cash
on hand. The deposits are 1858, 1888; GER
tiicates of deposits $i12,5 ,5s7 ;bauk deposits,
$s4,937. A. G. Haugan, city treasurer,
was one of the founders of the bank and
is one of the directors. 0. e. Breecke is
cashier.
BANK DISASTER IN ILLINOIS.
Batavia, Ill.-Willlam and John Van
Nortwick's bank did not open this morn.
ing. There was no run on the other
banks in Batavia and no failures are re-
ported. The Van Nortwicks held 464
shares in the Atlas National bank and the
closing of the bank here is due to the
assignment of the brothers to the Equita.
BILE Trust company of Chicago.
Cashier Grimes, who was in charge OF
the Van Nortwick bank, said to-day that
he had no intimation that the bank would
liquidate until 10 O'Clock yesterday noon,
when @. G. Wilson, representing the
Equitable Trust company, walked into
the bank and said that he had been sent
down by the company to take charge.
"The assignment made by Van Mort
wicks," said Grimes, ''lncludes everything
they have and it is my belief that the
creditors Of the bank will be paid in full
IN THE IRON DISTRICT.
Washington.-Comptroller of the Our
rency Eckels received notice to-day that
the Commercial National Bank, OF
Roanoke, Va, had suspended payment
Bank Examiner Sands was sent to take
charge. Eckels does not regard the fail.
ure as serious. The last report to him
November II, showed the assets to bt
$263,504; deposits, $4,000; other libili-
ties, $35,OO0 The failure is attributed
by Eckels in part to speculation.