New-York tribune., 1896-12-30
FAILED FOR MILLIONS
THE VAN NORTwICKs. OF BATAVIA. ILL.
ASSIGN

LARGEST PAPER MANUFACTURERS ~ THD wEfT
CARRIED DowS BY THE COLLAPSE or THE
Atlas NATlOSAI. BANK or CHICAGO.
-h,coco Dec 2o-As a result OF the voluntary
,,ou,dat,on Of the Atlas National Rank of this
city William NJ. and John 5. Ven Nort"ick "ho
held 4Gi shares OF stock in that bank and were
borrowers thcrefrom to the amount OF S"f""
made an assigrmcn' yesterday 10 :hc Ec''iiahie
Trust Company OF Chicago who took possession
of the Van Nortwcks' bank at Batavia ycsier-
day Tho failure Involves the entire interests OF
the Van Nortwicks. whose estimated wcaitn, nc-
cording 10 their last statement, Is S2'""o"' oI''n
estimated AZ three times that amount. and repre-
senting besides the Van Nortwick Bank ana oth"T
property at Batavia. large manufacturing Inter
os.s The total liabilities will probably be near
60 o,o 900 The articles Of assignment three In
number. were filed in the Kane County Court at
Geneva at o'clock yesterday afternoon. William
NJ ami a. s. Van No-twlck each assigning as IN
dviduals and the two as "A company
The Interests OF the Van Nortwicks are larg"
and diversified They own the Western Paper Tag
Factory OF Batavia. employing seNera' huhn''u
hands with daily outpu: OF 2ooo.~o bags Lary:
factories at kaukiuna. Wis. for the manufacture
of manila paper and n, Memphis Tenn. for the
waking of naper 'woodenware. are branches OF
the Western Pape: Bag Company and are con-
Quoted under tho same management
The Van Nortvick Paper Company owns mills
nj Combined Locks near Appleton. WIS "hch
cost sSOo.OOO also the Appleton Mhh"'dc'"'i'''
company at Van NortvicK ILL.,. with capitai
stock OF $4,000 whicn turns out wihhm'lS anu
agricultural implements
In Batavia so much real estate IL owned py
tb.r, that people are often heard 10 remark. the
..ynn Nortwicks own Batavia. Besides the DITCH
hIock I'm which the bank Is located. erected AT
cos, of $40 900. and other reai estate thcs own
Aoo acre. Of farm land there. valued at Sp'op'
Among Their possessions are also thous..nds OF
old
Aurora Cotton Mil Company a. Az Aurora" an" '"''"s
The Van NortwickS probably are lhc , nlos. 49,, @
sive paper manufacturer In me Mes' ana h te W
- r% romuirv Had /; not beer for the spreading
out in this direction. il Is though. the cras" OF
r. hHnleton Paper and Pulp Company ana the
KanLanna Paper Company. under when names me-
al Of The Van Nor%s1 Nnsnsated iad CONSTITUTED one OF
no strongest paper combinations ever iorintn' ne
combination included The Appleton anpef nhn9 ana hu.9
Iorks PAPER Company, Wisconsin Suipnite flhre
Company and Union Pulp Company nese m com ,he
paannnufarture of book print. manila and express
napcr. suphitc and wood pulp , and DO o., an i'm
ntGne Of the companies is in Appleton.
o'Irf The Appleton Paper and Pulp Company was , In
cormoraicd in 1913. and has capital OF Solvn Tne
toiiiitiros cor we're burned a few years ago and were
p",er rebuilt The Kaukauna Paper Company
plant is located at maHkuna R,nro and Nortbw.sinrn
uoiiroad This company was incorporated III Is.9
and has authorized cnp,ta, OF he sl"" w ts
~ ~ manila paper daily. The Combihed LOCKS
Paner Company was incorporatsd III io9o, wv, WV. - -
% III tons OF pulp daily and forty tons Of PAPER
rhis company makes printing paper excIus iveH ,,
i' III wnod land and supplies wood for making pulp
,o the mills named above The Union fuIp OH
has mills Is, a "O capIia The capacity Of these
,,l III e. Twenty-Five tons OF pulp each working day