Click image to open full size in new tab
Article Text
DENVER BANKERS FAIL. a The Colorado Metropolis, Experiences Severe Financial Blow. Col., July 17.-The first bank DENVER, in Denver since 1874 occurred Savfailure morning, when the Savings People's Bank this Bank, the Colorado Dime and ings the Rocky Mountain their doors. and Savings Bank closed $1,500,000 An Dollar estimate of the assets are with liabilities Colorado at Savings $1,330,000. Bank, of which o. AtF. The K. Atkins is president statement and C. to the kins cashier, Frederick in their Butters, place at the assignee, due depositors accounts $50,699.36; $435, open certificates of deposit, cashier's 108.54; other banks, $3,236.95; over liabilidue $625. Their assets good comchecks, what is declared to be is $73, ties mercial in paper, well secured, G. 063.72. F. W. Woodbury is the president Rocky and Mountain F. Clark Dime cashier and Dollar H. of Blakeny Savings was Bank, this of made been made, but morning which Charles assignee. A detailed it has not yet institution statement books of the the assets from would the appear and that the liabilithe are $156,803.53 The officers the of deinstitution ties $105,654.32 positively assert dollar. that It is unwill not lose a were derstood positors that all the was assignments done for self-pro- detection preconcerted and for and the protection cause of of the the failpositors. the The universal direct securities. hard times and ures was realize on the inability President Lawrence. to of this People's mornBank, in a up to six deposit Savings ing, weeks said ago the had savings a most $1,300,000 successful bank and career had $112, having paid Saturday 482. May means 23 to The of and its in was night the causeless depositors really bank left when continued but were the run in to entire exhausted which 'interest pledged assign. up available started to their The and last nothing of the institution but the feeling has been officers to its support, among Eastern published been estates that recently banks and engendered financial expressions institutions her- and by alded the demonstrations from Colorado that or $1,000 that have a signed thirty-day by to note for worth Colorado immediate money was raise $100,000 parties written upon. $4,000,000 not made worth to the paper it was efforts were Most persistent assistance to tide this the obtain temporary to four days ago, bank over assistance was but convention and up banks, promised since the by in Eastern of the recent all over this the doings city became known were cancelled left country these promises no alternative was nearly by telegraph and amounting of to deposwith notice for the near maturing banks $500,000 future its staring the within hand paid down in the for to the $223-but face and the to cash make and on benefit a.full assignment of all. in The no National the protection Savings Bank will Bank failure affect in the People's other national banks, trouble is way which, with sound, all and there is no is Bank perfectly outside the savings bank. Savings Arunon the The Denver bank is taking advan; days impending. and sixty tage of the and is paying over CITY, Mo., July the publishing of strength Saturday, assertions amounts notfication KANSAS law thirty $25. statement and 17.-Despite taken out pos- the no of a favorable Bank was the of by the comptroller noon to-day. rency shortly closed as to get bank was was impossible session Missouri and National immediately it before officers. of The tight Mis- cur- The as a a clam from the new bank, having in January, of $250,000, and ital stock, According in to statement Saturday the request and of surplus souri statement opened National is paid $6,000. in, is a 1891. issued It has a com- their sight cap- the its pliance with of currency, cash $271,024, and comptroller were placed at The officers exchange at $900,763. Henry C. Kumpf, are the D. deposits V. ice-president; Rieger, president; R. D. Covington, cashier. officers show the assets excepting to be cap- $1, 154,78 The and the about liabilities, $700,000. nation- During ital stock the different quite the run on here Saturday, the Missbanks was precipitated the withdrawals a run National, though the small alone morning, al ouri were made by however, money, several deposithe made further tors. large depositors This amounts, withdrew running their well continu- up into impossible. by ance and the thousands, was brewer, restored For a while deposition slight Ferd. lost confidence a local at this soon Heim, in the concern, Aid had been asked New $32,000 effect for good.e National Bank was of the Third assistance its from York and the bank paid cent. the on City On July 1 the 3 per official the annual that depositors regular way. declared dividend dollar. of The will be paid dollar for
