The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-12-30
TWO FAILURES IN MINNEAPOLIS.
Columbia National and the wash
ington Close Doors.


MINNEAPOLIS. Dee. zs.-Ths. Columbia
National bank a smal institution OF com
paratively recent establishment and Szs,-
co capital closed this morning and Is IN
the hands OF the bank examiner. Accord
ing 10 the last statement. December l.. It's
Affairs stood; Loans and discounts, sSss.-
f45 bonds to secure circulation. Ssl,gNs
real estate and mortgages. sss.5zs. due
from other banks. A-,ss7, cash reserve,
$s4sT2; other cash items. SilSs2- Liabilities
are. N-fionM hank notes outstanding,
$500: diie other banks. xlA..5sss deposits
subject TO check. slni. i5T. certificates OF
deposit sg5 5a4. certified and cashiers
checks. s. SIS. bills payable. sl5.na
Cashier Joseph Bobleter said: We could
have stood the pressure a little longer,
but TO protect the majority We closed this
morning We have 900 cash. and inside
Of sixty days expect 70 have fully xlee,01
more collected. our total liabilities are
0aIy S94- 90. There is no doubt that We
viii be able TO pay depositors n fuu and
TO effect a fair settlement with the stock
holders Recent Withdrawals o. city and
state funds md BY country correspond
ents. caused the trouble"
The officers are: President. Charles Kit
tleson: vice president. II. Thorson cashier.
Joseph Bobleter.
The bank is in charge Of George II.
Coffin. deputy comptroller. y believe"
said he that the suspension VIII not
cause any further trouble The national
banks OF this city are strong financially.
as we have satisfied ourselves by exam
ination'
The Washington bank a state lnsatu-
tiGn closed ifs doors at noon. Il had
capital OF slaoeo. and in is last state
rnsnt at the close Of business. December
H. had S71 }Ns in loans and discounts,
$I4Z2S oyerdrafts secured. SOL In stocks
and bonds Stlf75 real estate. and s.119
cash on hand. Deposits were Ss5,il2, cer-
.iiied deposits, Sll25sT: bank deposits.
Vas one OF the founders og the bank.
and one OF the directors. o Z Breecke
IS cashier.
The suspension og the Washington bank
Was due 10 the fact that sts clientele, be-
Ing the same as that ef the suspended Co
iuusoisn National bank and Scanald bank,
became alarmed and began 70 draw eat
deposits this morning AZ such 3 rate tnat
the management decided THAI the best IL
te~esJs 0f al would Be served by closing
tAe bank. Us condition ls most excellent.
thA assets being s5soesa. and IRE liabilities
$50 eN There IS lifsie real estate among
the former. and they can be quickly con
vevted 1ato money
The f3llowlng announce ulenl sas made ay
tae clearing house committee 1h.s after
noon-
''The clearing house committee Deem IL
thelr duty 10 announce that fhetr -ayesf j.
eatcns warrant them .gl advancing Taaf-
ever sssrn 81 money may - needed BY the
Seaa3sa bank 20 gneet promptly any CATS
uarn aAen nv the dePsoxzors- Teas bank
/ has an unusually .arRe ava able casa re-
serve amounting 20 sboat - per cent -
gts ohlisB tIous. and rs hilss receivable are
( os such a class ma we have 20 aeslta .-on
I su saving ave Hls make theEB ths reces-
sarv sdvanees 20 rneef al aemsus3s. aad
that ~ % not Hook for Further trasf1ls
+ among ts.e hanks q th5s c.ty
4 virginia Hank succnmhs.
ROANOKE. Va. Dee. 9-Tas CONNER
c!al National bank u this clty closed lts
acors this morning ~ orsier q TIE board
of directors On Dece 1lbeT 2 J. 9 I}aFsn~
pnr7 TIE cashier. resigned ana his sac
c~rss~ vas elected TIE matter was kept
ra,.rf uatu Sunday nlghr wheo Davenport
}rst f~e city fer h-S neTne ~ Charleston
Is Ea As soon As this became kuosH a
general run vas uz1e or TIE hank. and i
VS. compelled 20 so 80 the sal lae o.
feafs say deposlIurs wl1E p paid 30 faiL
I TIE liabilities are sb21t sas0se. wes.e tas
+ vaable assets are estfEoates - p waTff i
ssafs1s that aaouEL Tlse last geparf a
{ N-,ar-bar 4 s1sawe3 the assets % tae bank
Ga tsa g-sa rss inc544lnE bonds f1r csreuls-
3 rs-s sfor Ks SIN ns4- st-Tas3s. - -. @Tssi1-
v4seA nronas 8 9se ow4ng aegsss.sar &sa.-
@t ntNFr tsNs4sitAe~s Asss.7A- > = Aas@sttH =
T sFsr.Hlte1 ~ NJ. Eeke.s la paFt 20 ag@e-
s g5sflon.
New Cashier Chosen.
/ DENVER Col. Dee. 2s-D~ 2. =. Dsu-
9sr u-sesleat * t5e caraaEate national
< as1E . Lsesavll5e. Ess a@ea eaeasea easa-
- - tre Bank 8f Coz4|sree -n fHas cry
Hs SAYS shr Carbonate asa1k as aS@-
hsy Eau gzte gradually aaTHss Ees fsNI
. xsar - fs-a1eslEs s. 10 .su&er > pF4a2-
81. aees sor So lsrge 80 tns.tsas1sB-
The Batavia sssignuaest
CHICAGO Tse~. z-kstaTusv = A
( eg~~sa w-ea lreE ua re ass gssEzsesat passszs
/ rs- -nr BatagA tzzak. 8scsesssa eae F~-a'
( .rst "a .sas wn@5 lts5 2p 80 tae asslEH'
I -s~-r .o ar u-e~g ss1ay Ase 1
E .ar A-ass aanE agz.3az4Sz- tas zsas r
! -ss~+awe q ~sar sAa- ezEss-4 t#F a. @eS-'
1 ,..s-s~ ,~-se- Ne ssts was ne gec~as zS.sass
% alsposs cg 49,, ~ NSr<a q sAs-1s ~ s<as