, 1896-12-30
MORE BANK FAILURES.
THE VAN NORWICH BANK OF
BATAVIA SUCCUMBS TO THE
INEVITABLE.
Property Interests Amounting to g..
SOC. 900 Observation-Disclosures Failure
at Minneapolis, the Columbia Ma.
tional Being the Unlucky Institu.
tion in Distress.

Batavia. ILL.,, Dec. 29.-The liquida.
ton of The Atlas National bank of Chi,
cago has precipitated the suspension OF
the Van Nortwick bank of Batavia and
the assignment of William NJ and J. 8.
Van Nortwick OF all their vast proper,
ty interests. aggregating 81, 500, 900, to
the Equitable Trust company of Chi,
cago.
Articles Of assignment were filed In
were three in number, William NJ. and
John S. Van Nortwick each assigned
as individuals and the two assigning as
a firm. Their schedule of Indebtedness
was no filed with the articles of as
signment, but the liabilities are said
to aggregate 81 ,00O, 900.
The Van Nortwick interests aside
from Batavia property, are largely In
paper mills and manufacturing indus
tries. Their last statement of assets,
prepared a year ago. placed their
wealth at 81. SOC. 900. They own a bust
ness block. and two farms in Batavia
township. the whole valued q. $3.50. 900;
also the Western paper bag factories OF
Batavia and kaukauna, the largest con-
Germs of the kind in the world. with a
daily output OF 1000, 900 bags: also a
strawboard mill at Batavia. unused.
The paper mills at Appleton, Wis. are
valued at $500 900. They own valuable
pine lands in Wisconsin and have stock
in the old Second National bank Of
Aurora. the Aurora cotton mills and
the Kaukauna and Appleton banks.
They are principal owners of the APP
pleton Manufacturing company of &C.
neva. The brothers wi AGO shores in
the Atlas National bank of Chicago.
The Van Nortwick bank in Batavia
had a large clientage. The bank has
been soliciting deposits for some time
past. paying large interest, a fact which
with good business men gave evidence
Of weakness. If mot distress. Such was
the general confidence Nof the Batavia
depositors in the Van Nortwicks, how>
ever, that there was no run on the
bank, notwithstanding the report Ct
the trouble Of the Atlas bank, and the
Van Nortwick's connection with the
same.
Cashier w. l.. Grimes. Of the bank.
when seen by a reporter declined to
| give a statement of the banks assets
and liabilities, simply declaring that
the depositors would be paid IN full.
The Van Nortwfck's assets. he said.
were ample to meet all liabilities II
the assignees took sufficient time to
realize on the property.
AT MINNEAPOLIS.
Minneapolis. Mimi. Dec. 29.--The
Columbia National hank, a small in
stitution OF comparatively recent estab-
lishment and 5000, 900 capital, closed its
doors this morning and rs now in the
hands of the bank examiner. Accord
ing 10 its last statement, made decem.
Der II, it had loans and discounts t
the amount of $34S, l45; bonds to secure
circulation, $4,000; real estate and
mortgages. $4S,728; due from other
banks. $42, 1898; cash reserves. $34.s72;
other cash items. $11, 1862.
National bank notes outstanding
amounted to $45, 900: due other banks.
1886, 1913; deposits subject to checks.
SOL ,5O7; certificates Of deposit, $63 .594;
certified and cashiers checks, 1888;
bills payable, SIS, 900.
Cashier Joseph Jobleter said this
morning: I'VE could have stood the
pressure a little longer, but to protect
the majority we closed this morning.
We nave 1913 900 cash in the vault, and
inside of 60 days expect to have fully
500, 900 more collected. Our total liza
bilities are only s247, 900 and much Of
that outstanding is not immediate.
There Is no doubt but we will be able
to make a full account with q de-
p~ositors and effect a fair settlement
with the stockholders.
1.-The recent withdrawal. which caus-
ed the trouble. were city and state
funds, of which we had large dep sits
and also by county correspondents. OF
the city and state money only about
Sill 200 remains in the bank. The ma,
jority Of our individual d~epositors were
business men,"
The oficers are: Charles Ktttleson,
-