The new North-west. [volume] (Deer Lodge, Mont.) 1869-1897, 1897-01-08
LONG LIST OF FINANCIAL ILLS.
Omnha Savings Bank and Smaller
Fry Failed to Open.

Omaha, Neb., Jam. 2.-The Omaha Saw
ings bank failed to open this morning and
is In the hands Of the state banking board.
A meeting of the clearing house yesterday,
it is presumed, took action which caused
the savings bank to close. The total LA
bilities are $3.50, 900. Assets exceed this
amount by 5000, 900. The resources are ex-
%cellent, and but little loss can result to
depositors. The bank has been In exist
ence for Is years. The failure will not
cause other Omaha institutions any in
convenience.
The Omaha Savings bank was organ
lied Is ears ago. said General Mander-
son, its president. THE bank today owes
S750,o0O to its depositors and $140,00 to the
Commercial bank, making a total liability
of $3.50, 900. Taking our real estate at cost
and other securities at face value, we have
nearly $780, 600 of assets beyond liabilities.
While the bank is unable to at this time
pay depositors or demand, 1t is amply sol
VENT, and not a dollar will be lost by airy
creditor or deposition"
The Run Soon stopped.
Cripple Creek, Colo, Jan. "A run was
precipitated on the First National bank
today by a man to whom was refused a
small loan, saying the bank would net
open today. Small depositors formed in
line and were paid. No big deposits were
touched. A special train was run from
Colorado Springs with $4,000 belonging TO
President j. NJ. Parker. Parker said: I'VE
have on deposit more than enough TO pay
every dollar, should it be demanded; but
only small depositors seem anxious, and
business men, mining men and personal
friends are depoSiting more than is drawn
OUT #-.m#
Paper Bag Plant Fails.
Chicago, Jan. 1.-The Western Paper
Bag Company, one Of the Van Nortwick
plants, was placed in the hands Of q re
ceiver today by Judge Grosscup, of the
United States court. William G. Stevens
was appointed receiver, bond being placed
at 500, 900. The liabilities will probably
exceed S100, 00O, with assets the same.
Judgments for $4,000.
Cleveland, Jan. 2.-Tnirty Judgments,
~aggregating about $50, 900, have been TAX
en- in the common pleas court against
the Dorner & Dutton Company and the
Dorner Foundry Company, which are
among the largest car wheel manufacture
ers in the country. Application for a re-
ceiver has been filed. 1t is believed the
assets greatly exceed the liabilities.
banker Goes Free.
DeIVeI, Jan. 1.-OnQef the INSTRUCTIONS
of Judge Butler, who said the evidence
was insufficient to convict the jury today
found Frank Atkins, president of the de-
funct Colorado Savings bank, not guilty
under the indictment which charged him
with having received deposits knowing
The bank to be insolvent.
Fargo Bank Closed.
Minneapolis, Jan. "A special to the
Journal from Fargo, n. D., says the Citi-
zens' National bank failed this after.
noon. TIT bank is in the hands of Bank
Examiner Asheimer. The capital IS $780,
600.
Michigan Failure.
White Han, Mich, Jan. Bank Exam
liner Angel took possession and closed the
White Hall State Savings bank today. No
statement. The last report showed de.
posits of $4,000: loans and discounts, &c.,
900.