The Washington herald., 1906-10-31
WRECK
Comptroller Declares DepOsi-
tors Have Been Robbed.
NO AID FROM BUTTE CONCERN
There Reported as Bad
as in the washington Institution.
ana No Hope Is Left the Patrons OF
Getting the Full Amount Due Them.
The COmptroIIer's Statement.

Deposltors in the Aetna Banking and
Trust Company, the doors of which were
closed a short time ago by order Of the
Comptroller of the Currency, will find
little solace In the reported condition Of
the parent institution In Butte. Mont. A
report received yesterday by Comptroller
Ridgeiy from the receiver Of the institu-
ton in Butte. leaves no doubt that il. Ike
the Washington branch, is hopeiessly in
solvent and without visible assets TO pay
the depositors there or here.
The Comptroller says there is evidence
Of bad faith and bad dealing. and the
facts have been laid before officials whose
duty it, is TO apprehend and punish those
alleged to be guilty of misappropriating
the funds Of the parent bank in Butte
and the branch bank in Washington.
The Washington branch had on deposit
s97,926 with only very small assets 10
meet payment 1t is found that the Butte
bank was in a similar condition, and the
loss will fall heavily upon the depositors
here and in the West.
The Losers Are Poor People.
In Washington many of the depositors
are poor people, and when the bank
closed patheucally told the officials OF the
Treasury the .Jher money placed in the
bank to - 'high interest represented
all their ssEings They have been hoping
and waiting on the supposition that the
parent institution might have enough
funds 20 meet the deposits here Now that
hope is dashed to the ground. their loss
will prove almost complete
The statement made by the Comptroller
yesterday is as follows:
The ComptrOIIer's Statement.
"a report received at this office from
the receiver of the Aetna Banking and
Trust Company, at Butte, Mont, indi-
Gates that the condition of affairs there
is nearly as bad as that at the branch
bank in this city.
The deposits. including those repre-
sented by certificates, exceed $4,000,
other liabilities indicates that the total
will be nearly S409l00.
.'The receiver found only Sg.0u1 of cash
ia the bank An asset appearing on the
books as a liability OF the New York
Office for S1s7.eo, Is wholly worthless, as
no assets whatever have been found at
No s. Wall street. New York, where the
bank formerly conducted some sort Of
branch bank.
THE branch bank at Washington, d.
c.. is charged with $500. which is worth
less. Assets listed as stocks and secur1-
ties amounting to Sll679 are practically
worthless.
There appears to be nothing among the
assets Of substantial value. unless it can
be found among the iustallment loans on
real estate. Of the nominal value of Si6,-
1888
VIII Prosecute Guilty.
"Tho Aetna Banking and Trust Com
pauy is a corporation organized under
the laws of West Virginia, and during
the past few years there have been fre-
quent. large transfers of its stock. That
the money Of the deposit0rs has been
stolen is apparent: where il has gone is
not 50 easy to discover. The officers.
whose duty il is to prosecute criminals.
have been notified, both at Butte and ga
this city, and are cooperating with the
receivers to appTehend and punish the
guilty.
Bring HOag Back.
Detective Burlingame, of headquarters,
and Deputy United States Marshals