The Kootenai herald. [volume] (Kootenai, Idaho) 1891-1904, 1896-12-26

institution. and were ready to meet 1t.
They threw open the doors of the bank
an hour earlier than usual, as they said
they wanted to get the run out of the
way so they could transact their usual
business without being disturbed. Quite
a crowd of depositors had gathered at
the doors before they opened, and as
soon as the bank was ready for visit
ors the depositors gave the paying tell
ers all they cared to do. The run kept
up with energy for over an hour, and
then died away.
AT the close of banking hours the Of
ficers OF the Institution announced that
during the day the amount of money taxi
en- in was treble the amount paid out and
the bank was declared in better share
than at the opening in the morning.
The run on the Hibernian Savings bank
was of short duration, as the officers de-
clined to make any payment on time de-
posits unless given so days notice. They
said this was not because they were not
prepared to pay all depositors in full, but
because they wished to avoid embarrass-
ment to smaller bankers who might not
be prepared to pay all their depositors,
and who might be placed in an emoar-
RAISING position.
Another Run stopped.
The stronger banks were paying all de-
mands for time deposits. There was a
Slight run on the Illinois Trust Savings
bank shortly after it opened this morning.
the similarity of 1t and the National Bank
Of Illinois having led some depositors to
believe the former was embarrassed.
This morning, as soon as it became evil
dent there was likely to be a crowd in the
bank, instructions were given to the 5cll-
ers to serve the customary 60 days notice,
but to pay all depositors who could show
that they wanted 500 of their money for a
legitimate purpose. The result was shat
the scores or more of people who had
lined up at the paying tellers' windows
soon dispersed. Before the close of bank
ing hours the excitement had completely
died out.
The giving Of the notice was sanctioned
by the clearing house committee and the
object was Qllinois Trust Company being
the strongest savings bank in the city, to
give the smaller ones the opportunity to
point to its action as an excuse for giving
the notice themselves. which they did,
and thus effectually stopped a run.
The Illinois Trust and Savings bank is
said to have $4,000, 900 in cash on hand and
was today loaning money.
brewing Concerns Assign.
The American Brewing, Mailing and
Elevator Company, the George Weisse
Mailing and Elevator Company and
George A. Weisse assigned this evening
in the county court The assignments CT
the two companies, which are intimately
connected in business, and that OF Weisse
were brought into court together at 6
o'clock. The assignee of the American
Brewing and Elevator Company is the
Chicago Title and Trust Company. The
George Weisse Mailing and Elevator
Company assigned to the Security Title
and Trust Company and that company is
the assignee of Weisse also. No state
ment was filed as to the assets and ia
bilities.
The failure OF the two corporations was
the result of the failure OF the National
Bank of Illinois. The two companies we're
borrowers from the bank and we're in
debted to 1t when 1t failed to the amount
OF over half a million dollars. AS soon
as the failure of the bank was annou iced
preparations were begun for the closing
up of the business of the two companies.
Judge Horton earlier in the day ap-
pointed a receiver for the general con-
tracing firm Of Angus & Gildale on the
application of John Angus, one of the
| members OF the firm. The assets OF the
concern were placed at $500, 900 and the LA
| bilities at S250,0OO An answer was flied
to the bill by George A. Gildale, the other
member of the firm, consenting to the Gp-
pointment of a receiver. According TO the
bill. the National Bank of Illinois, which
failed Monday, loaned the firm 500, GOO,
and the suspension of that institution has
| nearly destroyed the credit of the con-
tracing firm, so there was nothing left
| but an application to a court for relief.
The assets of the partners consist pIin-
| cipally of real estate, notes, accounts re-
ceivable, and contracts for completion of
public works, elevated railroad constl uc-
ton and the erection of buildings.