Birmingham state herald., 1896-12-30
ANOTHER CHICAGO CRASH Largest Paper Manufacturers in
 the Country Assign. LIABILITIES ARE S2,000,000 Owned Factories, Banks and Real Estate in
 Many Cities and Towns. MINNEAPOLIS AGAIN 10 THE FRONT Two Large Banks Go to the Wall Almost Creating Panic Among Depositors
 in Other nstitutions-Roanoke,
 Virginia Bank Closes.
LIABILITIES ARE S2,OOO,O0O
MINNEAPOLIS AGAIN 10 THE FRONT

Chicago, Dec. 29.--As a result of the . voluntary liquidation of the Atlas Ma tional bank of this city, William M. and E John s, Van Nortwick who held 464 shares of stock in that bank and were borrowers therefrom to the amount or $500 000, made an assignment yesterday to the Equitable Trust company, Of Chl- cago, who took possession of the van Nortwicks' bank at Batavia yesterday. The failure involves the entire interests of the Van Nortwieks, whose estimated wealth, according to their last statement, is $2, 500 900, often estimated at three times that amount, and representing besides the Van Nortwick bank and other proper ty at Batavia, large manufacturing ln- terests. The total liabilities will proba- bly, be near $2,000,0O0.
 The articles of assignment, three in number were filed in the Kane county court at Geneva at o'clock yesterday afternoon, William M. and James 5. van Nortwick each assigning as individuais and the two as a company.
 The interests of the Van Nortwicks are large and diversified. They own the Western paper bag factory at BataVla, employing several hundred hands, with a daily output of 100000 bags. Large factories at Kaukana, Wis, for the man
 
 phis, Tenn, for the making or paper ''woodenware," are branches Of the west ern Paper Bag company, and are run under the same management. The van Nortwick Paper company owns mliIs at Combined Locks near Appleton, Wis, which cost $S00,000 also the Appleton Manufa curing company at Van Mort wick, H., with capital stock or $200,oo which turns out wind mills and agricul- tural implements.
 ,to rnQ ed by them that people are often heard to remark: ''The Van Nortwicks own Batavia" Besides the brick block in which the bank is located erected at cost of $40, 900, and other real estate, they own 400 acres of farm land there, valued at s50. GOO. Among their possessions are. also thousands of acres of pine lands in Wisconsin. They are stockholders in the old Second National bank and the Aurora cotton mills at Aurora, and banks at Ap- pleton and Kaukana, Wis.
 The Van Nortwicks probably are the most extensive paper manufacturers Tn the west and the qualifications or rneir business extend all over the western country. Had it not been for the spread ing out in this direction, it is thought the crash of yesterday would have been avoided.
 The Appleton Paper and Pulp company and the Kaukana Paper company, un- der which names all of the Van NortwlcK paper interests in the FOX rlVer Vaiiey are consolidated, constituted one or the strongest paper combinations ever formed The combination included the Appleton Paper and Pulp company, kau- kama Paper company, Combined LOCK Paper company, Wisconsin Sulphite F1- Der company, and Union Pulp company. These companies are combined under one management for the manufacture of books. print, manila and express paper, sulphite and wood pulp, and do an inn mense business in these special lines. The main office of the company is in Ap- pleton.
 The Appleton Paper and Pulp company was incorporated in 1873 and has capital of $150,000. The buildings burned a few years ago were never rebuilt. The Kau- kama Paper company plant is located at Kaukana, Wis, seven miles from Ap- pleton, on the Chicago and Northwestern railroad This company was incorpor- ated in 1879 and has an authorized capital of S100, ,000. Seventy-five workmen are employed and the output is ten tons of manila paper daily.
 The combined Lock Paper company was incorporated in 1890, with capital of. $150000 and the mills have an output of thirty tons of pulp daily and forty tons of paper. This company makes print ing paper exclusively.
 The Wisconsin Sulphite Fiber com pany owns valuable woodland and sup- plies wood for making pulp to the mills named, in the foregoing.
 The Union Pulp company has mills at Kaukana. It was incorporated in 1879 with $50,000. The capacity of these mills is twenty-six tons of pulp each working day.