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COLORADO STATE BANK CLOSES ITS DOORS Morning Times Special. Durango, Colo., Dec. 14-Colorado state bank of this city closed its doors this afternoon until reorgamization. The bank has a half million on deposit with a capital stock of $75,000. Suspension was caused by uneasiness of the depositors over indicaments there. Directors in land fraud cases were the directors in the bank which failed. The bank is solvent and will resume business shortly.
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DURANGO BANK SUSPENDS Colorado Institution Obliged to Close Pending Reorganisation-Hopea of Resumption. DURANGO, Colo., Dec. 14.-The Colorado State bank of this city suspended business today pending reorganization. It holds déposits of $500,000 and its capital is $75,000. The officials of the bank issued a statement in which they assert that the assets are entirely unimpaired and that the bank will be able to pay its depositors as well as its stockholders in full. The statement further says that the causes leading to the suspension are the uneasiness in the minds of the depositors caused by the fact that Ellis Hampton, B. N. Freeman and Frank Eldridge, directors of the bank, have been indicted for alleged land frauds in Archuleta county. The statement says that these indictments are entirely unfounded. The bank recently sold a third interest in the Montezuma Water and Land company. Payment for this was to have been made in cash in full this fall. The financial flurry has rendered it impossible for the purchasers to pay more than 20 per cent of the amount due and this has impaired the cash reserve of the bank. An examination of the books of the bank is being made by Charles E. Herr, J. W. Walters and O. S. Bayle, a committee of depositors. and they have reported that so far as their examination extends they find the bank in splendid condition. It is expected that the bank will resume operations in a short time.
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An Xmas Gift Suggestion: A pretty PICTURE. TRESSLAR'S STUDIO. COLORADO BANK SUSPENDS. Officials Declare That Assets Are Not Impaired. Durango, Colo., Dec. 14-The Colorado State Bank of this city suspended business today pending reorganization. It holds deposits of $500,000 and its capital is $75,000. The officials of the bank issued a statement in which they assert that the assets are entirely unimpaired and that the bank will be able to pay its depositors as well as its stockholders in full. The statement further says that the cause leading to the suspension was the uneasiness in the minds of the depositors caused by the fact that Ellis Hampton, B. N. Freeman and Frank Eldridge, directors of the bank, had been indicted for alleged land frauds in Archuleta county. The statement says that these indictments are entirely unfounded. The bank recently sold a third interest in the Montezuma Water and Land Company. Payment for this was to have been made in cash in full this fall. The financial flurry has rendered
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DURANGO BANK SUSPENDS Deposits of $500,000; Capital $75,000-Statement That Depositors Will Be Paid in Full. Durango, Colo., Dec. 14.-The Colorado State bank of this city suspended business today pending reorganization. It holds deposits of $500,000, and its capital is $75,000. The officials of the bank issued a statement in which they assert that the assets of the bank are entirely unimpaired and that the bank will be able to pay its depositors in full as well as its stockholders. The statement further says that the causes leading to the suspension are the uneasiness of the minds of the depositors caused by the fact that Ellis Hampton, B. N. Freeman and Frank Eldredge, directors of the bank. have been indicted for alleged land fraunds in Archulta county. The statement says that these indictments are entirely unfounded. The bank recently sold a third interest in the Montezuma Water & Land company. Payment for this was to have been made in cash in full this fall. The financial flurry has rendered it impossible for the purchasers to pay more than 20 per cent of the amount due, and this has inpaired the cash reserve of the bank. An examination of the books of the bank is being made by Charles E. Herr, J. W. Walters and O. S. Bayle, and they have reported that SO far as their examination extends they find the bank in splendid condition. It is expected that the bank will resume operations in a short time.
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COLORADO STATE BANK CLOSE'S ITS DOORS. -1)(From Friday's Daily.) Universal surprise was expressed this morning when the Colorado State bank failed to open its doors and posted notice as follows: "The board of directors of the Coiorado State bank have decided to temporarily suspend business. They look forward, confidently, to an early reorganization, as in their judgment, the bank is most amply solvent and will pay all depositors in full." The statement below fully explains the reasons for suspension. A committee, composed of Chas. E Herr, O. F. Boyle and J. W. Waters, representative business men, are 80 ing over the bank's books this afternoon and it is hoped they will complete their work in time for The Her ald to publish H detailed statement. However, we can state now that every dollar of the bank's finances are accounted for. Business men and other depositors express their utmost confidence in the early resumption of the bank and that depositors will be paid dollar for dollar. Some of Durango's wealthiest men : are heavy stockholders in the bank 11 and are individually responsible for double the amount of their stock and will see that the affairs are honestly and justly settled to the extent of their 'means, if necssary. But those who are familiar with the bank's dition are emphatic in their state. ments that it will not be necessary nto draw a dollar from any stockholder. t There is no occasion for alarm. it of will take time, it is-true, but every er dollar will be paid. n. The statement of the reasons for the at temporary suspension as given by the 1d bank's officials follows: at -
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News of the Day. L. F. Parker, general solicitor of the Frisco Railroad, was found dead in a bath tub at his home in St. Louis today. With the closing of the theatres there was an unusually heavy Sunday business by the saloons in New York yesterday. It is announced that between January 1 and 15 the railroads in the southwest will lay off 11,000 men for an indefinite period. The Colorado State Bank, of Durango, Col., suspended business Saturday pending reorganization. It holds deposits of $500,000, and its capital is $75,000. The executive heads of 65 railroads have decided to refuse the demands made by their employes representing all branches except the locomotive engineers. Several persons were shot in a riot of striking masons today, in Havana. The entire police reserves of the city were called out to quell the uprising and succeded in clearing the streets after desperate fighting. The High Federal Court of Venezuela, in the $10,000,000 damage suit brought by Venezuela against the French-Venezuelan Railroad Company, annuls the concession of the company and condemns it to pay damages. It is reported that Raisuli, the Moroccan bandit, has agreed with the British government on terms for the release of Kaid Harry McLean, the English general, who was chief of the army of the Sultan of Morocco. President and Mrs. Roosevelt, Secretary and Mrs. Metcalf and other guests of the President sailed on the Mayflower yesterday evening from Washington for Hampton Roads to see the departure of the battleship fleet this morning. Another Pittsburger attracted by a face of a beautiful actress is the Pitts. burg Press' diagnosis of the story that Joseph Schwab, brother of Charles M. Schwab, has become estranged from his wife, Esther Munhall Schwab. Eight social democratic members of the second Russian Douma have been sentenced to five years in the mines and subsequent deportation to Siberia, nine are sentenced to four years in the mines and ten are sent into perpetual exile in Siberia. Immigration to the United States during the year ended June 30, 1907, was vastly greater than in any previous year of the history of this country. The total arrivals were 1,285,349. Aliens rejected, 13,164. The immigration from Japan has trebled, hundreds of Japanese coming in by stealth. The Central American Peace Conference practically concluded its labors in Washington on Saturday when it was announced that the delegates had agreed upon and were ready to sign seven treaties. The most important step towards the preservation of peace in Central America consisted in the agreement on the treaty establishing a permanent court. A furious free fight raged on the floor of the Austrian Parliament this afternoon. Scores of deputies were knocked down, dozens bear cuts and bruises and two were 80 badly injured they had to be carried from the chamber. The confliet broke out with a ruling from the chair adverse to the Ruthnian party which was employed dilatory tactics to abstruct legislation. Tbe mystery of the murder of Frederick R. Romer, whose body was found badly beaten early Friday morning in his room in the Park Hotel, in Orange, N. J. took a new turn yesterday when Charles Graham told the police that he saw a woman, carrying a baby and acting strangely in front of the place a short time before the tragedy. He said a low whistle, coming apparently from a hotel window, was auswered by the woman. John Gordon, a wealthy farmer living near Marion, O., burned $10,000 in bills yesterday, a short time before he died. Gordon was eighty-âve years old, and in the last few weeks had grown childish. He had steadfastly refused to put the $10,000, the savings of years, into a bank, but kept the money under his pillow. Yesterday morning he amused himself by setting fire to them and watching them burn. He then succumbed to heart disease. Otto Schmigelr, a Hungarian tailor of Columbus, Ohio, yesterday shot and probably fatally wounded Mrs. Carpline Webster and seriously wounded Miss Myrtle Spence and then killed himself. The tragedy occurred at the home of Mrs. Webster, a grocer's wife, from whom Schmigler rented a room. He had been out of employment for some time and was despondent. It is said that Schmigler was infatuated with Miss Spence and that his advances had been repulsed. Miss Annie McGuire, eighteen years old, of Clinton, Mass., is dead, after having taken two headache pills that were left at the door of her home by a sample distributer. Medical Examiner Tobey and Dr. Goodwin are emphatic in their report that the headache pills caused a depression of the young woman's heart which brought about oedema of the lungs, resulting in her quick death. The town is much ex. cited over her death, because the pills were distributed broadcast. During the season of navigation on the Great Lakes just closed 38 vessels, with & total tonnage of 2,010,000, passed out of existence as the result of collisions fires and other accidents. The
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LAND FRAUDS HIT BANK. Lack of Confidence Through Indictmen of Prominent Men. Durango, Col., Dec. 17.-Lack of confidence, due, it is said, to the indictments of prominent citizens on charges of land frauds under the federal laws, led to the suspension of the Smelter City bank to-day as well as the Colorado bank, which failed last week. The former is a state institution, capital $30,000. No statement of its assets or liabilities has been given out, but the deposits are believed not to exceed $100,000,
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NEWS OF THE WEEK In a Condensed Form for Our Busy Readers. A Resume of the Less Important but Not Less Interesting Events of the Past Week. England has just been visited by a severe storm. The Colorado State bank, of Durango, has suspended. The revolutionary agitation is growing in Portugal. The Yaqui Indians are again on the warpath in Mexico. The National Bank of Commerce, of Kansas City, will reopen. Japan and Russia have combined to freeze China out of Manchuria. The bridal gifts of Marshall Field's daughter were stolen in England. The peace conference of the Central American republics has been concluded. Scotchmen in London are again adopting the kilt as a regular wearing apparel. The East has just exeprienced a great storm. Heavy snow fell and many wires are down. Premiums are being offered for the new gold pieces without the motto "In God We Trust." A petition to allow women to vote on municipal affairs in Paris was greeted with laughter by the council. General Funston finds the Goldfield situation serious. Commissioner of Indian Affairs Leupp says Indians are losing millions yearly in timber lands. A hous -to-house canvass at Monongah, W. Va., shows 18 still missing as a result of the mine disaster. Plans are complete for re-organizing the Merchants' National bank at Portland and it is expected to open soon. District Attorney Langdon, of San Francisco, also admits that the evidence of Ruef will be required to convict Calhoun. The American Can company has control of the Pacific coast, having absorbed the United Can company, of San Francisco. Goldfield mineowners have withdrawn their new scale and opened negotiations with the American Federation of Labor. The object seems to be to get this organization into a fight with the Western Federation of Miners. D. L. Anderson, president of the Foochow university, who has just returned to this country, says China is on the eve of a bloody revolution that will mark her entrance into the parliament of the world as a power to be reckoned with. The campaign against rate is being kept up vigorously in San Francisco. The Michigan state treasurer is to be removed for putting funds in a rotten bank. The great fleet of warships is all ready to start on its voyage to the Pacific. The presence of General Funston at Goldfield is believed to have a good effect. Bristol's nomination has been withdrawn from the senate as district attorney for Oregon. Mrs. Longworth has undergone an operation for appendicitis, but there is no fear of the results. Senator Bourne, of Oregon, will continue his third-term agitation despite the statement issued by Roosevelt. Kuropatkin has taken the witness stand in behalf of Stoessel and the general stands a better chance of being cleared. Two mail pouches containing valuable packages were stolen from the Omaha postoffice, and no trace of them has been found. Harry Orchard is not displaying as much bravado in telling the story of his crimes to the Pettibone jury as he did at the first recital. Heney has admitted that he needs Abe Ruef's testimony to convict Calhoun and may yet grant the ex-boss immunity and get him on the stand. Sousa has fully recovered from the effects of ptomaine poisoning. State Attorney Healy says he will enforce the Sunday closing laws in Chicago. The ordinance allowing theaters to open in New York on Sundays has been held up. In the Boston city election Republicans elected the mayor for the first time in six years. Queen Carola, of Saxony, is dying. The prediction is made in the East that Bryan and Roosevelt will be opposing candidates for president. A bridge in construction across the
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NORTHWEST NOTES Chairman Taggart has appointed John Sunderland of Reno national Democratic committeeman for Nevada to succeed John H. Dennis, deceased. W. F. Dupee, who was shot at Port. land by John Wynne, died shortly after reaching the hospital. A charge of murder will be lodged against Wynne. The First National bank of Saratoga, Wyoming, has been authorized to begin-business with $25,000 capital. I. C. Miller is president and Gustave Jensen cashier. Judge Wolverton, in the federal court at Portland, removed George H. Hill as receiver of the Title Guarantee and Trust company, and appointed K. C. Mears, cashier of the Bankers and Lumbermen's bank, to succeed him. J. Holman Buck, the editor of the Mina. Nevada, Miner, who shot and killed Francis L. Burton at that place, has been released from custody by order of the district attorney, although the coroner's jury failed to exonerate him. A new coal company which hns begun development work on their property in the Rock Springs section of Wyoming, has spent $200,000 in development work the past summer, and reports that nine splendid veins have been uncovered. In the explosion of the engine of a Northern Pacific freight train near Bozeman, Mont., Fireman John Welch was instantly killed and Head Brakeman Veyno seriously injured. Veyno was hurled 100 feet from the engine, and is probably fatally hurt. In the United States court at Carson City, Nevada, Senator Williams and his brother, George B. Williams, indicted for illegally appropriating government land, through their attorney entered a plea of guilty to the five indictments against them. Twenty-three new freight engines, purchased this month by the Salt Lake Route, announcement of which was made by former United States Senator W. A. Clark, president of the line, recently, will be delivered to the company within the next three weeks. Believing that the investigation by the officers of the interior department into the charges of graft against certain officials in connection with the Crow Indian reservation, Montana, was a farce, Judge William H. Hunt of Helena has ordered the federal grand jury to conduct a complete probing of the allegations. The sleeping apartment of Mrs. Jas. A. Wood, wife of the A. Y. P. commissioner general to the Jamestown exposition, was entered at Seattle by burglars, who, after striking Mrs. Wood over the head with a revolver and threatening death if she interfered, robbed her of several valuable pieces of jewelry. The unusual height of the breakers at Santa Cruz, California, resulted in the drowning of John Day of Globe, Arizona, an engineer on the Gila Valley raflroad. He was visiting Santa Cruz, accompanied by his niece, and was fishing from Treasurer pier. The breakers washed him off and he was drowned before help could reach him. Five hundred men, members of the Butte Miners' union, seized a miner at work on the new Bell telephone building as a carpenter and escorted him to their hall. Later the man disappeared. At one time a riot seemed imminent. The Bell company had been boycotted by union labor in Montana because of the strike of linemen and operators, begun last March. The Colorado State bank of Durango, Colo., has suspended business pending reorganization. It holds deposits of $500,000 and its capital is $75,000. The officials of the bank issued a statement in which they assert that the assets of the bank are entirely unimpaired and depositors will be paid in full. Wm. Burner, longshoreman, discovered by his wife on the street in Portland in company of another wowoman, immediately drew a revolver and shot himself. The woman, a Mrs. e*Reign, grasped the revolver from Burner and attempted to shoot herself, but was disarmed by a policeman. The Cherokee-Nevada Copper company has levied an assessment of two cents per share for the purpose of enabling the management to proceed soon after the first of the year with development work. The CherokeeNevada company was formed during the current season, the ground being located in Nevada close to the San Pedro railroad line. Charges on all freight to Goldfield, Nev., must be prepaid by the shipper. Notice to this effect was given by the Salt Lake route to patrons in a circular issued last week. Unsettled financial conditions at Goldfield are, It is explained, the cause of the order. James Brennan, a Buffalo Peak ranchman, who is wanted at Cripple Creek for alleged cattle stealing, fought a running rifle battle with a sheriff's posse near Granite, Colorado,
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LAND FRAUD CASES HIT BANK. Indictment of Directors Forces Institution to Close. The Colorado State Bank of Durango, Colo., has suspended business pending reorganization. It holds deposits of $500,000 and its capital is $75,000. The officials of the bank issued a statement in which they assert that the assets are entirely unimpaired and that the bank will be able to pay its depositors, as well as its stockholders, in full. The statement further says that the cause leading to the suspension in the uneasiness in the minds of the depositors because of the fact that Ellis Hampton, B. N. Freeman and Frank Eldridge, directors of the bank, have been indicted for alleged land frauds in Archuleta County. The statement says that these indictments are without warrant.
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Bank Officials Arrested. Durango, Colo., January 4.-Following the report of Owen M. Boyles, receiver for the defunct Colorado State bank, which was filed in the district court today, warrants were sworn out charging Benjamin M. Freeman, and Frank Eldredge, Ethan Hampton and William Chapman, directors, with having received deposits when they knew the bank to be insolvent. They were arrested and gave bonds for appearance at trial. According to Receiver Boyles' report, the Colorado State bank will be able to pay depositors only 25 cents on the dollar at the outside estimate.
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ARREST FOUR MORE BANKERS COLORADO STATE BANK WILL PAY TWENTY-FIVE CFNTS ON DOLLAR. (By Associated Press.) DURANGO, Colo., Jan. 4.-Following the report of Owen Boyle, receiver of the defunct Colorado State Bank, which was filed in the district court today, warrants were sworn out charging Benjamin Freeman, president, Frank Eldredge, Evan Hampton, W. C. Chapman, directors, for having received deposits when they knew the bank to be insolvent. The arrested men gave bonds for their appearance at their trials. According to Receiver Boyle's report, the Colorado State Bank will be able to pay its depositors only twenty-five cents on the dollar at an outside estimate.
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Colorado Bank Officers Arrested. DURANGO, Colo., January 4.-Following the filing today of the report of Owen Boyle. receiver for the defunct Colorado State Bank. warrants were sworn out charging Benjamin M. Freeman, president, and Frank Eldredge. Ethan Hampton and William Chapman, directors, with having received deposits when they knew the bank to be insolvent. They were arrested and released on bonds. According to Receiver Boyle's report the Colorado State Bank will be able to pay depositors 25 cents on the dollar.
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the Hamilton. the Union League and the University clubs promising to slap the "lid" down hard on Sunday bars and buffets in their clubhouses. Chicago, Jan. 4.-Dressed as a rabbi, Patrolman Roach dispersed a mob of hoodlums last night who had stoned Rabbi Colb. of the Bichur Choiem Temple. The policeman donned the robes as a bit of strategy. Topeka, Kan., Jan. 4.-Judge John C. Pollock, of States Circuit Court, announced to-day had no jurisdiction in case. This leaves the that the "incubator United his court baby the the child mother. famous in of Mrs. Charlotte E. Bleakley, charge Mrs. James Barclay, of Illinois, who adopted the child at the St. Louis exposition, will appeal the case. San Francisco, Jan. 4.-The bloodiest of tong feuds that this country has seen and which origi- in ago over a Chinese girl, and more than fifty persons have more than double that number and which nated seven years wounded, various been killed tongs was declared off at a meeting of the held yesterday at the rooms of the Six Companies in this city. San Francisco, Jan. 4.-C. Polhill, an English missionary, who has spent twenty years in China, arrived yesterday on the liner Nippon Maru on his way to London. He expects trouble all over China before many months. San Francisco, Jan. 4.-Y. S. Nin and Naw Pok Oho, sons of Corean noblemen, arrived yesterday on the liner Nippon Maru on their vay to Springfield. Mass., where they will begin a nine years' course in American civilization. At the expiration of that time they expect to return to Corea and show their countrymen how to shake off the yoke of Japan San Francisco, Jan. 4.-The old cruiser Marion was burned to the water's edge yesterday in Visitation Bay, three miles south of Hunters Point, in San Francisco Bay, Jacobs Creek. Penn., Jan. 4.-Six more bodies were found in the Darr mine to-day. making a total of 237 recovered to date. It is believed there are about seventy-five more bodies in the mine. Chicago, Jan. -William R. Mooney, a eity detective. is dying in Grace Hospital to-night after identifying the thief who shot him on Thursday. Michael Callahan, a patrolman, was shot and fatally wounded by another thief. Columbus, Ohio, Jan. 4.-Governor Harris to-day honored a requisition from the Governor of Maryland for the extradition of Joseph Skarletta, now under arrest in Cleveland. Skarletta and three accomplices are accused of dynamiting the home of Joseph di Giorgio, a wealthy Italian, on his refusal of their demand for $50,000 Wheeling, W. Va., Jan. 4.-Frederick Hall, son of the postmaster of this city, was seriously injured by a vicious buck at Pleasant Valley to-day. Young Hall and Miss Helen Bloch, daughter of a tobacco manufacturer. strolled into the deer inclosure of the country home of John A Howard, whom they were visiting, and almost immediately the buck attacked Hall. Miss Bloch escaped in jury, but one of the buck's antlers pierced Hall's side. Los Angeles. Jan. 4 -One of the hardest fought extradition cases in the history of Southern Cali fornia was decided to-day. when federal Judge Wellborn released L H. Mitchell. president of the Joquiana Geld Mining Company. charged at Wilkes Barre, Penn., with using the mails to defraud stockholders, This is the first extradition ease brought in California under the recent ruling of the federal Supreme Court allowing defendants to introduce evidence of innocence Durango, Col., Jan. 4.-Following the filing to day of the report of Owen Boyle. receiver for the defunct Colorado State Bank. warrants were sworn out charging Benjamin M. Freeman, president and Frank Eldredge, Ethan Hampton and William Chapman, directors, with having received deposits when they knew the bank to be insolvent. Oakland, Cal. Jan. 4.-James Fenton. a policeman. was shot and killed this afternoon in West Oakland by F. A. Boyle, who said he was a United States sailor. stationed at Mare Island. Thomas Shields. of West Oakland. then took Boyle's revolver and shot Boyle. who died later at a hospital Fenton had accosted Boyle and another man whom he suspected of theft. Chattanooga. Tenn., Jan. -Garrett Hedden. a desperado, who six years ago murdered his brother Polk County. Tenn., was shot and killed to-day by in Sheriff Biggs, of Polk County. Hedden's eighteen-year-old son was shot and killed by deputy a few hours later. Since Hedden murdered he has been at liberty invade the mountain fastnesses tated his sheriffs brother to Officers until made Hed- hesi- freden recently became so deflant that he quent trips to Benton and openly defied arrest.
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OFFICIALS OF COLORADO BANK ARE ARRESTED President and Directors Are Charged with Accepting Deposits After They Knew Institution Was Insolvent By Associated Press. DURANGO, Colo., Jan. 4.-Following the report of Owen F. Boyle, receiver of the defunct. Colorado State bank which was filed in the district court today, warrants were sworn out charging Benjamin M. Freeman, president: Frank Eldredge, Evans Hampton and W. C. Chapman, directors, with having received deposits when they knew the banketo be insolvent. They were arrested and gave bonds for appearance for trial. According to Receiver Boyle's report the Colorado State bank will be able to pay depositors 25 cents on the dollar on the outside estimate.
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Durango, Colo.-Soon after the filing of the report of the defunct Colorado State bank, Saturday, with District Judge Charles A. Pike, by Receiver O. F. Boyle, warrants were sworn out by George Olbert, a heavy depositor of the institution, for the arrest of President B. M. Freeman and Directors W. C. Chapman. Frank Eldredge and C. E. Hampton, charging them with receiving funds for deposit after they knew the bank to be insolvent. All three officials went before a justice and were bound over tc the District Court on bonds of $15,000 each. They gave bond and were released.
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DEPOSITORS' MEETING. There will be a meeting for depositors only of the Colorado State bank at Red Men hall, Monday, January 13, 1908, at 7:30 p. m., to hear report of receiver, and discuss other matters of importance relative to the winding up of the affairs of the bank. HERMAN BERNDT, Chairman. January 9, 1908.
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many people could not pay cash instantaneously; and to have had the power to have forced them to do so, and to have used that power would have entailed more tribulation than the closing of the bank That we have the right to retire at any moment and take back our property and proposition with us, is a statement without sense or reason. The receivers and the property are wholly in the hands of the court. We could not do wrong or voluntarily drop the duties we had assumed and take or get, an advantage of our own act-wrong doing-our property and guaranty would have to remain, and the conveyances of the property will also fully cover such features. The court receives and controls the assets and their wise and proper handling. We are simply the court's officers, expected to do well and ably and thoroughly those things which the court itself necessarily in the multitude of affairs, cannot do. Speaking of banks closing, has not the government permitted the banks under its control to issue substitutes for money and to generally stop paying cash during the height of the disturbance, otherwise there would not have been many banks doing active business left in existence. As to assets, I affirm that there are few banks doing an active business for the twenty years, which this bank enjoyed that can pay out all their cash and come to a settlement of the remaining deposits with a line of assets in value and condition exceeding in comparison that of our bank. The Colorado State bank was the victim of deliberately planned and published outrages with which this community has been daily furnished and for which it in turn now suffers the planned results (and seemingly with little protest), outrages which still continue in varied form to the disruption of the community success: and the equal and like of which cannot be found in the most horrid annals of cities or men. Neither myself nor any of my assoclates in the bank under these informations ever used the bank for private gain, nor outside of myself received compensation for constant service, nor owed it money; but instead all gave it faithful allegiance and under these facts and the condition to which we have been subjected, support and good-will are due to the institution and to us, in the effort we desire to make for its full and rapid payment. B. N. FREEMAN.
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The report recommends the adoption of a resolution asking the president to supply the evidence on which is based the statement that the members of the house are principally concerned over the fact that the secret service men have been investigating the members themselves. The house adopted the recommendation of the committee without a dissenting vote and after little comment. DURANGO BANK SETTLEMENT. [Special to The Sentinel. 1 Durango, Colo., Dec. 17.-The affairs of the Colorado State Bank of this city, which closed its doors during the panic of 1907, were practically wound un yesterday when B. N. Freeman, president of the bank, and his associates turned over to the receiver cash and securities to the amount of $175,000 as part of the bank's assets. which, in addition to the amount of cash collected by the receiver, is said to be sufficient to pay the total liabilities of the bank. amounting at the time of the suspension to $350,000.
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committee. The affairs of the Colorado State Bank of Durango are now said to be practically settled. B. N. Freeman, president of the bank, and his associates have turned over to the receiver cash and securities to the amount of $175,000 in purchase of the bank assets, which in addition to the cash collected by the receiver, is sufficient to pay the total liabilities of the bank, which at the time of suspension were $350,000. The Colorado Museum of Natural History, situated in the City Park, at Denver. has received a most valuable gift from Mr. Henry M. Porter of this city consisting of what is known as the "Mary Kimball Pratt" collection of fossils, Indian relics, minerals, gems, old coins, and similar articles. The collection is said to be exceptionally valuable, containing something like 8,000 specimens, some of them of great value because of their rarity. It Is said that the automobile owners of Colorado Springs have promised to contribute $5,000 toward the proposed boulevard from Colorado Springs to Canon City, provided the road is extended to the Royal Garge. Whis is in line with the resolution adopted by the Canon City Merchants' Association, asking the State Legislature to appropriate $10,000 toward the projected Canon City-Colorado Springs road.
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COLORADO ITEMS There are still several thousand tons of beets in the ground in northern Colorado. A short distance west of Fort Morgan a Union Pacific train ran into a herd of about 125 antelope, a few days since, killing two of them. Invitations have been issued by the University of Colorado for a conference of principals and superintendents of high schools of the state at Boulder Jan. 1st and 2nd. The Colorado Telephone Company has decided to expend between $700, 000 and $800,000 for improvements and extensions in Denver and throughout Colorado and New Mexico. The taxpayers of Deaver on January 19th will vote on the question of issuing about $1,000,000 of school bonds for the erection of new school buildings, repairs and additions. The advance in the price of tungsten from So to $6 a unit and the belief that it will go considerably higher soon. has greatly stimulated development of tungsten claims in the Nederland dis trict. The Loma club has been formed by Verner and a Denver people Z. Reed interested number in the It develop- of is ment of the Grand Valley. proposed to hold stated banquets at which Western slope affairs will be dis. cussed. The course of the Cache la Poudre river has been changed for over a mile north of Greeley to prevent possible floods near the canning factory, and the flooding of the lowlands, 240 acres of which will be reclaimed and added to the city's residence district. If the Indian school at Fort Lewis near Durango is discontinued by the government an effort will be made to secure the site and building for the use of some state institution. There are a dozen buildings and 6,000 acres of land, a part of which is underlaid by coal. Owing to the rapid thinning out of young pine trees on the government forest reserve during the past few years, orders have been issued to the rangers in the Colorado district to prohibit the cutting of Christmas trees except where a necessity exists for the thinning of clumps. C. A. Brandenburg, chief weather for the Denver district, says this beats the record any ilar in years observer period year the last twenty for sim- in amuont of snowfall since September 1st. Up to the 20th inst., 52.7 inches had fallen in Denver. The total precip. itation for year to date is 1.77 inches above the average. To obtain a much-needed rest and to study conditions in Palestine and Rome, Dr. R. A. Carnine, superintendent of the Greeley district of the Methodist Episcopal Church in Coloto leave for the where he rado, Holy winter. Land, is Mr. preparing Carnine will will spend first visit the Palestine and go from there to Rome. "Grandma" Petrie, said to be the oldest resident of Mesa county and one of the oldest women in the state, died at Grand Junction on the 19th inst., at the age of ninety-seven. A week before, she fell and sustained a broken hip. This injury, together with old age, was the cause of her death. She was a native of Syracuse, N. Y., and came to Grand Junction in 1888, living with her son. Charles H. Petrie. The following officers were chosen by the Colorado Scientific Society at its meeting in Denver on the 19th inst. Franklin Guiterman, president: W. Charles D. W. Brunton, Comstock, first A. vice Johnston, second president; vice president; William secretary: John W. Richards, treasurer. W. F. Mills and George L. Cannon were chosen to serve on the executive committee. The affairs of the Colorado State Bank of Durango are now said to be practically settled. B. N. Freeman. president of the bank, and his associates have turned over to the receiver cash and securities to the amount of $175,000 in purchase of the bank assets, which in addition to the cash collected by the receiver, is sufficient to pay the total liabilities of the bank, which at the time of suspension were $350,000. The Colorado Museum of Natural History, situated in the City Park, at Denver. has received a most valuable gift from Mr. Henry M. Porter of this city consisting of what is known as the "Mary Kimball Pratt" collection of fossils, Indian relics, minerals, gems, old coins. and similar articles. The collection is said to be exceptionally valuable, containing something like 8.000 specimens, some of them of great value because of their rarity. It is said that the automobile owners of Colorado Springs have promised to contribute $5,000 toward the proposed boulevard from Colorado Springs to provided the