The Idaho recorder. [volume] (Salmon City, Idaho) 1886-1927, 1907-10-24
INVESTIGATION
UNDER WAY |.
Bank Examiner Of Butte Bank
fGOuraee DepostOrs WIN
Good Reports--Assets IN
Excess Of Liabilities.

Investigation into tho affairs OF
the Stats Savings bank Was com
menced yesterday marning by State
Rank Examiner II. II. Collins, who
Ii assisted In the work by bis uepa-
ties, +. u. Collins, jT. and r. II.
Ray. While unable as yet 10 give
any definite information as 10 the
condition OF the hank. Mr.. Collins
stated last night that ~ far as his
preliminary examination had gone
nothing had developed TO dlsproye
tho cnrrectness Of the statement
made by Vice. President and Manager
v. +. Chaplin at tho time The hank
closed It's doors ON Thursday morn.
ing.
MIR. Collins stated that a. far rs
his investigation had gone ha had
found the affairs Of the bank In brtr
ter cnndition than year ago, when
the last examination vas made by
his ofisee, and that u appeared 70 be
better than shown by the last state
ment Issued August e of this year.
Mr.. Collins concluded by sayin. that
be was not set prepared 10 state
whether or not the bank was solvent.
| IL il probable that tha investigation
viii occupy Tho attention Of The bank
examiner and hts assistants for the
neat ten days or Two weeks.
4 Upon assuming charge of this bank
estrrday morning, Mr.. Collins post.
ed the following notice on The front
duot;
THE state savings bank having
einaed lis dunrx Ii nov In my charge
lT. u. Collins, bank examiner. Z
II A statement showing The condition
, OF the bank at The timn II suspended
, payment was given 90 MF. Collins
early yesterday morning, II showed
that the institution has assets
| amounting ta sa.asa,iss. and that
exclusive Of the Indebtedness of ths
stockholders 10 The hank. the iiabii
ities amount N sa,4si.isa. Accord
, lng ia his statement The asaeIs must
/ msar siirinkaae III sssil 900 baturs
any lnas would fall upon tile deposit
nls, aud even thrn the stockboldef'
/, of tho bank, are responsible Tor Tia
further snm OF e.an,uoo. the author
lxed capital.
The lirst duty n, hr performed b,
Mr.. Collins aud his assistants yesler
day was the counting OF the casii IN
the vaults and safe. The book bal
ances In eastern banks we're nexl
verified, aud the work Of examining
the savings acruants. certificates 81
deposit aud cashiers checks Il nos
under waY. The work Of examining
The books sill probably he concluded
i. In day on two. The most inportanl
portion OF the investigation will ~
that Of determining the value Of th,
I, securities deposited with the bank Al
collateral for loans.
Upun completion of his inyestIga
tion. Mr.. Collins slii make fepor
To Gov. 1ooie. II N probable, how
ever. that the public viii I've advises
Of the condition nf the bank as soo,
rs the report IL ready 70 be submit
ted 10 the state executive.
The statement MADE By Manage
:. Chaplin at the time the doors ~cr,
/, closed 10 the effect that the saspen
sion was only temporary and occa
stoned by shortage ot currency. q
no~ confirmed by the officers of tls'
y hank. A conference WAS held yestef
? day. and ~ result the statement
sas made that tile ofScers feel coufI
D dent that sufficient currency viii IN
4 available within ten days TO enasi'
y the bank 10 resume business. - Butts
Miner.