Willmar tribune. [volume] (Willmar, Minn.) 1895-1931, 1907-11-06
and the excitement in New York,
prompted the depositors to take out
their money.

Is continued with great zeal. neither
bank, it was stated Thursday, would
take advantage of the 80 day clause.
On October 1, 1906, the City Savings
bank of Bridgeport had assets of S.
972,51O and liabilities of deposits
amounting to $5,651,426. It's surplus
was 100000. The Mechanics and
Farmers bank had assets of $4,O77, 1923
and of the liabilities $3,S73,777 was
owed to depositors. The surplus &C.
count was $96,S70.
Receiver for Brokerage Firm.
Columbus, O., Nov. 1.-The broker
hrm OF Sessions & Co. in a petition
Thursday in the common pleas court
asked that the firm be dissolved. w.
r. Burdel1 was named as receiver
under $4,000 bond. The liabilities are
estimated at 100000 and the assets
about $4,000.
The firm, like many other invest.
ment brokerage concerns, had many
individual deposit accounts, but was
not member of the Columbus clear.
ing mouse, and the suspension will
nave no eject upon any Columbus
bank.
Receiver for Wrecked Bank.
Akron, O., Nov. 1.-Joseph Dangel,
president of the Dollar Savings Bank,
was appointed receiver of that insti.
tuition Thursday in consequence of the
suicide of Fred A. Boron, cashier and
treasurer, Sunday. The examination
by the directors and clearinghouse
association found a shortage of $685..
ooV, against which stands the cashiers
pond OF $4,000, which is supposed to
be good, and overdrafts amounting to
$4,000, on which $4,000 was realized
wednesday, and much more is ex-
pected to be paid in to-day. It is be-
neved the depOsitors will receive dol
lar for dollar.
Receiver for Paper Concern.
Dayton, O., Nov. 1.-The Friend
faper company, of West Carrolton, a
suburb Of Dayton, was placed in the
hands of a receiver Wednesday after
noon on application of it's president, ].
Howard Friend. Henry L. Newell was
appointed receiver by Judge O. 3.
Brown, of the common pleas court.
The petition states that the COM
pany has debts aggregating $1,000, 900;
that the petitioner is surety on 62
notes aggregating 100000. Further
averment is made that the stringency
in the money market renders the pay.
ment OF these notes impossible at pres
ent. The receivership is resorted to
as protection measure to shield the
property from attacks Of small cred
itors. The company, it is declared. is
entirely solvent and is doing a pros
porous business.
Closes All California Banks.
San Francisco, Nov. 1.-Gov. Gill
lette by holiday proclamation has
closed indefinitely all banks in Cali
fornia. Similar proclamations, he an
nounces, will be issued daily until the
financial situation is settled.
San Francisco Bank Closes.
San Francisco, Nov. 1.-The Cali.
fornia Safe Deposit & Trust company
bank closed it's doors Wednesday aft
ernoon. A notice posted on the door
stating that lowing to the fact that
the bank was not a member of the
Clearing House association and was
unable to take advantage of clearing
house certificates, it would close for
few days."
No Cash for Honolulu.
Honolulu, Nov. 1.-San Francisco
banks have cabled Honolulu banks
there will be no shipments of coin to
Honolulu until after the settlement of
pending financial disturbances. Gov.
Frear has authorized the payment of
taxes with certificates of deposit in
the four Honolulu banks.