Willmar tribune. [volume] (Willmar, Minn.) 1895-1931, 1907-10-30

nail mills at Ensley, coal mines at Al
toon and Virginia City and ore mines
throughout the Birmingham district
as we'll as coke ovens and other prom
| critics. s~~z .
Moses Taylor of New York is presi
dent and E. T. Schiller of Birming
ham general manager.
The petition filed in court here al
leges that the company committed an
act of bankruptcy in acknowledging
in writing its inability to pay it's debts
IT is also averred in the petition that
the defendant company has been in
solvent for six months. The petition
asks that it be adjudged a bankrupt
and that receivers be appointed.
Philadelphia Firm insolvent.
Philadelphia, Oct. 24.-Local bank.
ing and business circles received a
surprise Thursday when it became
known that the Fisheries company, a
corporation which is the principal fac
tor IN the Menhaden fishing industry.
with offices in this city, has been de-
clared insolvent and temporary re-
ce1vers appointed
Joseph Wharton of Philadelphia, the
millionaire iron merchant, is president
OF the company and that the concern
mad encountered financial difficulties,
therefore, occasioned the more sur
prise. The action, however, was TAX
en- upon the petition of Robert r..
Haydock, vice president of the COM
pany. The impression prevails that Mr..
wharton will help it to meet it's obi
cations. -
Run on Baltimore Bank.
Baltimore, Md, Oct. 25.-The east.
ern branch of the Home bank was to-
day subjected to a run by small de-
posltors, who with drew about $4,000
IN amounts of from IS to So The
bank is a small private concern run
by Bernstein, Cohen & Co., who say
their savings deposits amount to about
$4,000 in addition to which they
claim fair line of commercial ac-
counts.
Start Run on Providence Bank.
Providence, r. l., Oct 25-Deposi-
tors at the Union Trust company in
this city began about noon Thursday
withdrawing their money. Before the
close of banking hours large numbers
had been paid.
Marsden J. Perry is president of the
Union Trust company. Mr.. Perry is
also connected with the Trust Com
pany of America, the New York insti-
tuition which for two days has with
stood an unusually heavy drain.
The Union Trust company was or
ganized in 1894 with capital of $780,.
900. Its last statement showed de-
posits of $2S,721,4 89, resources $751;.
222,6sS, surplus $2,o01,2O4
Nevada Bank Closes it's Doors.
Reno, New, Oct 25.-The State
Bank and Trust company, with head
quarters at Carson and branches at
Goldfield, Tonopah, Manhattan and
Blair, closed it's DOORS The state bank
examiner is in charge. T. B. Hickey,
president of the bank, is one of the
wealthiest men in the state and the
banks assets are thought to exceed
it's liabilities. Inability to realize on
stocks held as security for a 100000
loan to the Sullivan Trust company
is believed to have added to the bank s
difficulties.
Ask Receivers at Butte.
Helena, Mont, Oct. ga long-dis.
lance telephone message from Butte
says two applications were made in
court for the appointment of receivers
for the State Savings bank, which
Examiner Collins gave out a reas-
surfing statement late today which in
timated that a movement is on foot
looking to the reopening of the bank