Blackfoot news. (Blackfoot, Idaho) 1891-1902, 1897-02-20
BUNTING'S FAILURE
HIS BANK AND STORES CLOSE
THEIR DOORS.
Attached Last Monday by the First Ma
tional Bank Of pocatelio. Receivers,
Liabilities, Etc., Etc.

people more than they were surprised
and startled Monday morning when it
was announced that Bunting's bank and
Blackfoot store and Dubois store were
closed under an attachment. The First
National bank of Pocatello, attached
the Blackfoot bank for the amount OF
an oyerdraft, and the Blackfoot bank,
in turn, attached the two stores.
Heavy Withdrawals OF funds on de-
posit was the cause OF the failure.
Changes in the State administration,
and changes in several county admins
trations doing business with the Poca-
tello and Blackfoot banks demanded
these Withdrawals, and an inability to
replace them with ready money on
good security brought on the ineyi-
table-the closing OF the Blackfoot bank.
When the crisis came the court was
appealed TO, aud Judge Standrod APP
pointed G. Z. Thum and F. A. Pyke,
receivers, Thum 10 take charge OF the
bank and Pyke 10 look after the stores.
The liabilities are estimated from $780,
600 TO 5000, 600, and the assets are large
and are believed by many, to be sufii-
cient to cover all liabilities. But Of
these things, nothing definite is obtain
able. The receivers have not advanced
far enough with their work TO give out
statements. One thing however may
be given as true The two stores were
In splendid condition, equal in every
way 70 the best in southeastern Idaho.
In an approximate estimate Of the two
stores IL has been shown that the assets
are $50, ,2a3.9s oyer and above all liabil-
itics.
The regret for the trouble which has
come TO Mr.. Bunting is almost univer-
sal, and expressions Of sympathy are
pouring In upon him from the West,
even beyond the state capital, and
eastward to the Wyoming line, and
from the Montana line TO Utah, and
beyond the state lines, are OF the sim
ccrest character, and are outbursts
from honest hearts.
Under ordinary conditions, Mr. Bunt-
Ing could have crossed the torrent and
landed safely on the other shore. But
he has been sick man since the early
fall Of last year, and could not give
close personal attention to his affairs,
which had always been a characteristic
Of his business life. and to add to this
trouble he was unable TO realize ready
money on certain securities which, in
other years, were counted "gilt-edgedh
Ia the East. This latter trouble Of OBJ
tanning cash money on certain securi-
ties, which should be cash themselves in
almost any market, at least near home.
will be painfully plain TO the people
before another state election.
The settlement Of the trouble has
been placed In good hands. The re-
ceiyera. Messrs. Thum and Pyke, are
thorough business men, familiar in
every detail with the duties assigned
them, and their honesty and integrity
cannot be questioned. AS soon as they
reach the position they will make
statements for the public, which will
show the exact status of affairs as they
find them. They are anxious to make
statements for the public, and Mr.,
Bunting is more than anxious that Il
be done and done quickly.
We clip the following from the Boise
Statesman as an expression and expo
nent OF the feelings Of our people gen
orally In their regrets for the trouble
which has come to man whom the,
we're often delighted to honor:
"The failure OF no other man II
southern Idaho would effect so man,
people rs that OF Charles Bunting, ant
Ia the people in the southeastern part 0
the state, this failure can be regarded
IN no other light than GENERAL disas
ter.
"Mr. Bunting was carrying not onl.
hundreds OF businuss men but hundred
of farmers as well. In all the south
eastern counties when business mar
GOT into tight place he wentto Char
lev Bunting and it was rare indeed tha
he was refused. When ranchcr ha'
10 have money for taxes, he applied =
Charley Bunting and hcinvariably 60
h. Sometimes these loans were pal,
promptly, but very often they ran alonl
for wears and are still running. Nh
bunting seldom pushed anyone TO
mony and hard luck story would a
most invariably secure from him an OK
tension Of credit.
SIN his mercantile business Mr.. Bnnt
/, inc was rs liberal and open handed q
IN his banking business. The old pro'
pectors and miners could always. &c
both grub and tools to carry them aioni
and the ranchers for miles on ever
side az ,Blackfoot or Dubois could Sc
| their produce for cash, when they M
"a have tho cash, and then stand hii
off for their winter clothing,
I .Prohably half the business entel
priscs Of Bingham, Fremont and Bal
mock counties have for several yeal
mast depended largely upon Charlie
bunting. He has tided them over man