The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1896-12-30
Two MORE FAILURES
Minnesota Suffers the Loss Of a
Couple Of Banks
THE STRAIN TOO GREAT
columbi National and the WASH
ington Co to the wall-Other
Defunct Institutlons-What
Eckels says

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s-'V,' '"P''"'' '''.'u '''i' ',''' 'i''s $50
u w the minus ot 'hN oAnA eN'"'',''
According TO the last statment, Dee H.
II had loans and discounts OF Si>lb.
bonds To secure circulation, SnW real
estate and marriages xiS .sS. due from
oth.r h,,ks s,s ~. c,sh r,s.r,ys S,lS,g.
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tpsed lhis W"fhlhk' w h'N' S''''' ="
cash and inside OF "a days We expect to
have fully Sno.uoO morr collected. our
fatal liabilities are only ssI.ua. There
i ma do,b, ,,. ,,iu IA, abb, "a NAV d,posi-
-, A., ON ma .o.,t , ,,ir ..t1.m.ut
WIN tne S'o'N""'"'rS' i"' ''''"' N'''
drawaIs OF ci'y ana st"'' iulur anu ny
country correspondents caused the uou-
BILE"
The officers are. Charles KIttlcson
,,es,a.rt. "A fhnrsnn vic. nrcgid,nt. 10
sa,,h Ioi,i,,ar rnsh,.r 1bs b,nk il I'm
.,h,,o,, -, roor,. n ,,offn denny
somu,r,lIcr ~ h.,ieye'' sn,d IA, "thr
.us,,.nsi,, viIl mai rnuse amy further
,roniJc Th. n.ttoual hanks of this civ
arc .,ror,, nr,,.,i,ily "a ~. satisfied
nurs,.l,,os Ia, axnr,trattnu -
Washington Dee s-pcnuty Comm
,rou,r rofnn uext in rank IN Eck,ls
.,,,,,,,,,.,., a, ~, IN ,,,n,oa,,I,. ,o.d,,y
,........,...
anu was ""'.''" 70 ,''h' us
chatte OF 'he 'olunlpi" n'hh. h'A'"'''''
Cook was ordered from chicago to take
permanent charge. The latest report rc-
ccivcd. that OF oct. 8, gave assets of
sil1.coo. but THESE have probably shrunk
since.
The comptroller ascrlhrs the failure to
a lot of slow assets ON which ready mon
has been the cause OF most OF the recent
bank failures.
Minneapolis, Dec @-The Washington
bank. n state institution, closed It's doors
this noon. IL had a capital OF s"ep ana
by It's last statement at the CLOSE OF Dec
u had S"'.lN loans and discounts Nt'-
20 overuraIts secur'"' N-''h' in s.o'A
cash on hand Thc deposits were N'S' 'la-'
'crtiied deposis. htZ'H>'' BANK u'poshs'
%.S'', n Z, Hogan clty tr"isui'r' WIS
one OF the Founders ot the hahk ana one
OF the directors ana " r. bre'ohe CASH
Ter.
The suspension ~ the washington
bank was due to the fact that lis eli
entele, being the same as that of the
suspended Columbian National bank
and SClndia bank. became alarmed
and began To draw out deposits this
morning at a rate that the manage
ment decided that the hest interests ~
all would De served by closing the
bank. Its condition is most excellent,
the assets being 5000. 600 aud the liabili-
ties $500 900. There is n little real es-
tate among the former and they can
he auickiy converted into money.
Denver, Dee. 2g-Dr. H. II. pougan,
n,,sid,nt az Tho rnrbountc National
h,,,, ., o,t,,1,ul., has b.,n chosen ,nsn.
,"r =, ,h., ant ,f ro,,rr,,,c,. a, mis-
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