The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-01-03

First Natiooal Of Cripple Creek-The
Van Nortwicks Let tho Western Paper
Bag Company eo-Car Wheel Companies
Fan-Other Smashes.
Omaha, Jan. 2-The Omaha Savings
bank failed 20 open its doors this morn
ing, and it is in the hands Of the state
banking board. A meeting of the clear
ing house was held yesterday. most
unusual proceeding on holiday, and ii
is presumed that they took action which
caused the Savings bank 10 close. The
total liabilities of the institution is $780,
600, and the assets exceed this sum by
500 900.
THE Omaha Savings bank was organ
lied fifteen years ago." said General
Henderson, its president. 1T was start
ed because Of the apparent demand for
such an institution in Omaho. II is the
oldest bank of that character in the city
and the only one that during its career
has confined itself structly TO the legiti-
mate business of savings bank.
THE bank today owes $3.50 900 TO is
depositors and $4,000 TO the CONNER
cial banks, making the total liabilities
$3.50, 600. Taking our real estate at cost
and our real estate and other securities
simply at their face value, we have
nearly 100000 Of assets beyond liabili-
ties. While the bank is unable at this
time to pay its depositors on demand II
is amply solvent, and while ii will take
some time 10 realize, not dollar viii be
icss by any creditor or depositor. In
addition TO the assets there is also the
double liability of the stockholders which
swells the amount to at least $l,2O0.000
Ny expectation is tina; with careful
management of the affairs OF the bank
in closing its business, much labor will
be saved. The simple fact is that with
debtors OF a bank in these times of de-
preston unable 10 pay their loans and
our cash reserve having run below the
) per cent required by law, for the protec-
ton Of our depositors, we had 10 close
business. The community need feel no
alarm, Cor there is no necessity for il. -
BANK FAILURE AT FARGO.
Minneapolis, Jan. "A special 10 the
Journal from Fargo, ". D., says the cit
liens National bank failed this after
noon.
SIXTY DAYS NOTICE WAIVED.
Minneapolis, Jan. 1.-The Farmers
and Mechanics Savings bank has decld-
ed TO waive its privilege of demanding
sixty days notice before withdrawal of
deposits. This is taken TO indicate q
much better feeling in local banking cir
cies.
RUN AT CRIPPLE CREEK.
Cripple Creek, Colo, Jan. 2.-There has
been run today on the First National
bank which, tho banks officers say. was
caused by the circulation of a report
that the bank would not open today, by
a man whoE, they had refused a loan.
Small depoSitors formed in line and were
paid. No big deposits were touched. A
special train was run from Colorado
Springs with $4,000 President Parker
said: 1--WE have on deposit more than
enough TO pay every dollar, should it be
demanded, bu; only small depositors
seem anxious. and business men. mining /
men and personal friends are depositins !
more than is being drawn out"
Won NORTWICK'S AFFAIRS.
Chicago. Jan. 1.-The Western Paper 4
Pag compsny, one of the Van Mort |
wick's plants, was placed in the hands !
OF receiver today by Judge Grosscup OF I
the United States court. William G.. |
Stevens was appointed receiver. No 4
statement of assets and liabilities was /
filed, but from the amount of the receiv- |
er's bond, which was placed at 100000. /
and the general statement of the attor- !
800, 900, with assets about the SAM.
Confessions Of judgment were made 10 ".
H. Brokaw for $3.50 and TO Karne>
Holmes & Krauthoff of Kansas City, the
latter firm filing bill for the appoint
ment of a receiver in connection with
its attachment.
CAR WHEEL COMPANIES ALL
Cleveland. o., Jan. 2.-Thirty judg
ments, aggregating about So, 000 have
been taken in the common pleas court
agsi inst the Dorner & Dutton manufac-
turing company and the Dorner Found
ry company. Both concerns. which are
among the largest car wheel msnufac-
turers of the country, are practically
owned by II. A. and r. III. Dorner. An
application has been filed asking for the
appointment Of a receiver. 1t is believed
that tie assets will exceed liabilities
many times over.
BUCKLEN'S ARNICA sALvE.