The Oskaloosa herald., 1896-12-31
ANOTHER BANK QUITS.
Atlas National Decides I'd Go Out o
Business.

a. Business.
Chicago, Dec. 2S.-The Atlas national
bank of Chicago has decided to retire
from business, and the clearing house
committee, at a special meeting Sun
day night decided that the associated
banks Of the city would advance the
amount needed to pay its depositors in
full. The amount required is in the
neighborhood Of 5000, 900. The bank
will not receive any deposits from date.
Checks on It VIII be settled through the
clearing house as usual. The meeting
was held at the home of Isaac G. LON
bard, a member Of the committee, about
II o'clock Sunday night. The officers
of the Atlas national are: President,
W. c. d. GTannis; vice president, c. r.
Farwell; cashier, 8. w. Stone; assistant
cashier, W. s. TiIlotson.
The bank was organized in 1887, many
of its ~incorporators being officers of the
Union national bank. It's capital stock
is 100000. Mr.. Grannis has been presi-
dent from the start. It is given out
that during the past few years newer
and more pushing institutions have
been taking business away from the
Atlas and that as a result Of the de-
fections over 50, 1000 in deposits have
been withdrawn from the bank, most
Of it during the past six months. Mr..
Grannis is an old man and decided some
time ago to go out of business. The
bank is believed to be perfectly solvent
as the action of the clearing house com-
mittee indicates.
The report Of the condition of the
Atlas national at the close of business
December II is as follows: Resources;
Loans and discounts, 81, 941, 742.59; over
drafts, S7,62o.47; United States and
other bonds, $5s,ss4; premium IN bonds,
$3,250; real estate, furniture and fix
lures, $57,177.s1; redemption fund, ST.
ESQ; cash and sight exchange, $780,
638. ga total Of So, s92, 063.39.
Liabilities: Capital stock, $70o, 900;
surpIusf fund, $40, 900; undivided profits,
$4s,O31.29; circulation, $42,62o; bills
payable, 800, 900; deposits, 1880 ,412-
q total of 81 1899, o63.39
Filed . Big Mortgage.
Appleton, Wis, Dec. 2s.-The Atlas
National bank of Chicago filed a first
mortgage here Saturday covering the
entire plant of the combined Locke
Paper company. The amount is $780,.
600 to C 16year gold bonds. VIII.
liam Van Nortwick, the president. IL
q banker and paper manufacturer al
Batavia, III, and a director in the Atlas
National bank Of Chicago.
Appointed Receiver.
Washington, Dec. %. - Comptrollez
Eckels has appointed Mr.. John G. Nc
Keen permanent receiver Of the ILL
nois National bank. Mr.. McKeon has
been national bank examiner for Chi
cago, and the vacancy thus created has
been filled by the assignment Of Joseph
T. Talbert, national bank examiner fol
st. Paul and Minneapolis, to the Chi
cago district.
A Terrible P~unIshmsnA
There IL no death penalty In Bslgium,
but few criminals would choose ths
punishment substituted for it-thas is
If they had = choice. The condemned
ma is placed In . dungeon SO con
structed that from the moment he en-
tiers it he will never hear the sound o.
human voices o see a human being
His food is passed in through . sliding
panel in the door of his cell. Not one
prisoner has ever been known to sur
viye this punishment more than three
years. The authorities have striyen In
vain to prolong their lives by varying
their food as much a possible, but
those who are moderately or lightls
nourished gradually waste away, while
those who are fed generously go mad
and die raying mapIacs.