The times. [volume] (Richmond, Va.) 1890-1903, 1896-12-30
BUSINESS TEOUBLES.
Two Minneapolis Banks Close Their
Donrs Other Inilmrcs.

Doors Other Failures.
MINNEAPOLIS. MINI, Dec. 2o-The
Columbian National bank. Of this city.
closed It's doors this morning owing to
inability to make collections. II IS
comparatively new bank. having been or
ganizcd about five years ago with ex-
State Treasurer Charles kittlcson as It's
president and ex-Statc Treasurer BOble
ter "a cashier which positions they still
held. Its capital on December 18th was
500 900 with surplus Of about $1,000.
loans and discounts were SEAS. 900 and its
deposits S26i.OOO
1t has never been profitable. Deputy
Controller Of tho Currency George w.
coffin. who happened TO be in the city.
took charge of the bank Its officers
claim that they will be able to pay de-
positors in full
The Washington Bank. Of this city. has
closed it's doors. It's last statement. De-
ccmbcr llth shows loans and discounts
OF 500 900 and deposits of $4,000 Its
capital j. 500 600 and its surplus $4,000.
a. c. Haucan, its president. is city
treasurer ana II Is likely that quite an
amount 81 city funds viii be locked up
bv the failure. Its business is largely
with working people. Tho officers claim
that they will be able TO pay them in
fun.
Thcssuspension Of the Scandia yester-
day and $50 Columbia this morning Great
cd cDnrfrrnation among the patrons Of
the Washington Bank. and such run
cnsuod That the bank was compelled 10
close ifs doors about noon.
Cashier Brecke stated this afternoon
that aside from the matter of cash on
hand fhc bank was IN excellent shape.
Exactly what will be done has not yet
been determined 1t is very lis--y mat
4NHH tor flF
las the resources of tho bank are IN such
shape that its depOsitOrs can be pald
i'm full I'm p comparatively short time.
and fifty cents on the dollar "ltnih two
months In round numbers ne -
biIifice are 500. 900 and the assets SOVOVVO.
a The latter only Sl4. 500 rs real estate.
The announcement Of the failure ol
the Columbia and Washington BANKS
caused IA considerable furry at neary
al Of the other banks an ,b % e s'y ana ana
Mechanics Bank. the largest SAVINGS
inetitution in the Northwest. with us
uosits Of over S6OOOyVV NJ 90" - nm
said TO be entirely safe IL stooS isoa
80 oight davs during the panic OF 1912,
ol PTR5So1-VSIDENCE, K l., Dec. line
pidn,,x \Voolen Company nled us pc.
tition of insolvency ~ the Appell@'e 80,
today. Liabilities. S3poO07. Inc "9''
about $4,000. .u A., a re-
CHICAGO. ILL. Dec. 2'-Ns r.
s'i, - the voluntary nouidation OF me
Atlos National Bank. OF TINS ciy. 80
lam NJ and John 5 Van Nort"lcA, VIZ
MA aci shares of stock IN thal JAIN,
and were borrowers thereirom 10 VI,
omount of 100000. made an ASK ' i,l'...
,,nsterdav to the Equitable trust ON
many. of Chicago who took poS s'',.',','
If the Van Nortwick's bank AT b@'"N'"
yesterday. - o,t,r. in
forests of the Van Nortwicks, whose IS
timated wealth. according 10 theiI 20
etotement. is s25OOOoO. often eslilhA.o'
M three times that amount anu Io ,p,,
eentine besides the Van NortwlcK LAIN ..N
and other property at BATAVIA. Ia, so
manufacturing interests. me to'"i i'
inities will be rear S2w0wv.
BALTIMORE, Dec. TT. SheIiosi 81
& Son Leading retail dry-goods lH't
chants of South Baltimore. mace ~,
assignment 'o-day. LlapilltNs SW 500,
assets. about the same amount. -
eura Of creditors ana SLOW coile''i'"'
caused the suspension. ,.,,
SIOUX CITY IA. Dec. I'm dppn
cation of W. r. Honsinger Nce-plosl-
dont. and "a large shareholder III me
Farmers Trust Company. OF TINS pl"co'
q II Hollistcr was to-day appoih'eu re-
ceivor for the institution. Recover 1o-
ustcr estimates assets at S23S'WO ana Ia
bilifics Sl35 900.