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SEELEY BANK WILL NOT OPEN Efforts to Refinance the Institution Fail After Strong Effort SEELEY,, Feb. 11.-As a timely illustration of the old-time legend that "The best laid plans of mice and men gang aft aglee", the strenuous efforts of the citizen's committee came a coning to bank sudden rejuvenatclusion when it was announced that a banker, who had agreed to furnish sufficient funds to complete the subscription to the bank stock,-provided a certain amount was subscribed and in hand,-had declined, at the last monet, when, it is said, the bank was ready to open its doors again. To say the townsfolk were disapwould be pointed putting think it midly. that They were discouraged, to the object of vital interest to them all-the reopening of their bank, in which nearly all are depositors should fail was almost within goal in its accomplishment, their when reach. the So the bank, instead of opening its into who was a doors, receiver passes appointed the hands of week the but who had not formally been in ago, placed charge, awaiting of the committee the very encouraging reports on subscriptions to the stock. Just how much currency in deposits is tied up in the bank for an indefinite period, is not yet known, nor will any announcement be made along those lines, it is said, for some time, if at all; but it is well understood that the present local financial situation is one that will tend to inconvenience and embarrass the business men, and many of the farmers who have used the First National Bank of Seeley as their depositary. Arrangements were completed at a of the on held meeting Tuesday Chamber night the in of Community Associated Commerce, Hall, to entertain Chambers of Commeree at a dinner on 5 the night of February 17, at which 1 time the business meeting of that body also will be held. The members of the choir of the Seeley Union Congregational Church, assisted by others will serve the dinner the proceeds of which will help to swell the fund for a new church organ.
