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SAVINGS BaNK SUSPENDS. NEW YORK, Oct. 17.-A dispatch from Butte, Mont., says that the State Savings Bank of Butte has temporarily suspended, This bank. according to a recent state ment, owed depositors $4,621,970. Although a savings bank. the institution transacted a general banking business.
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HEINZE'S BANK CLOSES DOWN BUTTE. Oct. 17.-The State Savings bank of uBtte, in which Heinze is largely interested. closed its doors today. A run was precipitated because of stories of Heinze's copper fight in Wall st.
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Heinze Bank Closes, Butte, Oct. 17.-The State Savings bank of Butte, in which F. A. Heinze is largely interested, closed its dors today. A run was precipitated because of stories of Heinze's big copper fight in Wall street.
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Run on a Butte Bank. HELENA, Mon., October 17.-A special from Butte says that because of the suspension of what are known as the Heinze brokerage firms in New York, a run was started today on the State Savings Bank, in which Heinze is the leading stockholder and a director, and that bank, availing itself of the thirty days privilege, closed its doors. None of the other banks, It is said, are affected. They experienced no runs. The tenosits of the bank are in the vicinity of $3,500,000, and of the savings department about $1,250,000. The latter largely from the working people of Butte. The state has about $75,000 of state funds in the bank.
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Butte, Mont. Oct. 17.-The state savings bank, of Butte, in which Heinze is largely interested, closed its doors today. A run was precipitated because of the stories of Heinze's copper fight. in Wall street.
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BUTTE, Mont. Oct. 17.-After having been opened only a few minutes the State Savings Bank closed its dors today. A run had been precipitated because of stories received over private wires that the firm of Otto Heinze & Company of New York and a large German bank in Berlin had failed. These interests are closely identified with F. August Heinze in his copper mining opera tions. Heinze is the largest stockholder and director in the State Savings Bank, which has deposits of about $4,250,000.
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REPORTS CAUSE FAILURE. State Savings Bank at Butte Closes Doors to Public. Butte, Mont., Oct. 18.-After having been open only a few minutes the State Savings bank closed its doors Thursday. A run had been precipitated because of stories received over
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EXAMINER IN CHARGE OF BUTTE BANK Depositors, Mostly Working People, Remain Optimistic Despite, Difficulties of Heinze Institution. By Morning Journal Special Leased Wire.] Helena, Mont., Oct. 18.-According to long distance telephone messages to the Associated Press from Butte, received tonight, there has been practically no developments in the State Savings bank situation there today. State Bank Examiner Collins today assumed charge of the situation, and after making a hurried inspection of the books announced that from the figures at hand, the bank is in a better condition than when it submitted its last quarterly report to him. The whole question, however, is said to depend upon the value of the collateral which the Institution holds on outstanding loans. The depositors, who principally are working men and women, were cheerful today over the outlook Examiner Collins is making a thorough investigation of the bank's books and willMater make a statement to the depositors. The Silver Bow National bank. which is also controlled by F. A Heinze, is said to be safe and will not be involved in the copper magnate's financial difficulties There was no sign of a run on this institution today. The officers of the State Savings bank tonight refused to make any statement. saying that the bank is now in the hands of the state examiner. and that any official statement given out must come from him.
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This Bank May Reopen. Helena, Mont., Oct. 24.-A long distance telephone from Butte says two applications were made in court yesterday for the appointment of receivers for the State Savings bank, which closed its doors last week. State Bank Examiner Collins gave out a reassuring statement late today which intimated that a movement is on foot looking to the reopening of the bank.
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Butte Bank in Trouble Helena, Mont. Oct. M.-A long distance telephone message from Butte says two applications were made in court yesterday for the appointment of receivers for the State Savings bank. which closed its doors last week. State Bank Examiner Collins gave out a reassuring statement, which Intimated that a movement is on foot looking to the reopening of the bank.
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Dr. Shoop's Rheumatic Remedy "ALL DEALERS" Butte, Montana, Oct. 24.-Two applications for the ap pointment of receivers for the State Saving Bank have been made to the court here to-day. The Bank closed its doors last week. State Bank Examiner Collins gave out a statement which intimated there was movement on foot looking to the reopening of the Banks.
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Ask Receiver for Heinze Bank. Butte, Mont., Oct. 26 -Application for the appointment of a receiver for the State Savings bank. the financial house in this city of F. Augustus Heinze, by George Dodgson, was brought up this morning before Judge Bourquin and continued until after the hearing of the petition of the state in the same matter on November
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# FINANCIAL SITUATION IN SYNOPSIS. Wednesday.- Corner in copper securities engineered in New York City by the F. Augustus Heinze interests collapses and stocks slump heavily. Gross & Kleeberg, brokers, forced to suspend. Otto Heinze & Co., brokers, unable to settle with other New York Stock Exchange firms. Thursday.- After conference of bankers at home of Charles W. Morse, F. Augustus Heinze retires as president of Mercantile National Bank. State Savings Bank, of Butte, Mont., a Heinze institution, closes its doors. Friday.- On demand of the Clearing House Association the entire directorate of the Mercantile National Bank, of which F. Augustus Heinze, Charles W. Morse and E. R. Thomas gained control last January, resigns. Mercantile Bank requires aid in clearing debit balance of $754,000. Stocks reached lowest point of the year. Saturday.- Charles W. Morse resigns as director and trustee of fourteen banks and financial institutions, among them the National Bank of North America. Sunday.- Bankers held all day conferences and Seth M. Milliken is chosen president of Mercantile Bank. Monday.- O. F. Thomas resigns as president of the Consolidated National Bank. William R. Montgomery succeeds E. R. Thomas as president of the Hamilton Bank. The National Bank of Commerce notifies the Clearing House that it will cease to redeem checks for the Knickerbocker Trust Company, and Charles T. Barney retires as president of the Knickerbocker Trust Company. Tuesday.- The Knickerbocker Trust Company forced to suspend payment following a run by depositors and after $8,000,000 is withdrawn. Marcus Mayer & Co., stock brokers, with liabilities of $5,000,000, forced to suspend. George B. Cortelyou, Secretary of the Treasury, goes to New York City to take charge of financial situation. Wednesday.- Depositors start a run on the $80,000,000 Trust Company of America and withdraw $8,000,000. Westinghouse Electric and Manufacturing Company, with liabilities of $100,000,000, forced into hands of receiver. Pittsburg Stock Exchange suspends trading operations. Thursday.- With stock market demoralized, Mr. J. P. Morgan and associates save situation by sending $27,000,000 to be put out as call loans. Twelfth Ward Bank, Hamilton and Empire City Savings Banks suspend payments to protect depositors. Friday.- United States Exchange Bank, of Harlem; Borough Bank, of Brooklyn, and Union Trust Company, of Providence, R. I., close doors. Eight banks and trust companies in Manhattan and Brooklyn suspended payment. The Clearing House decided to issue loan certificates which will be used in the settlement of bankers' balances. Reassuring statements as to the financial situation were issued by leading business men and Government officials. The savings bank presidents decided to require sixty days' notice from depositors for the withdrawal of funds. Confidence being restored, President Roosevelt issues semi-official reassurances. No cause for further alarm. Whole country prosperous and good times will continue.
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A. F. HEINZE MUST GIVE $250,000 TO BUTTE BANK BUTTE, Mont., Dec. 28.-The hearing for the appointment of a receiver for the State Savings Bank, of Butte, was postponed by District Judge Bourquel today to January 16, with the condition that Augustus F. Heinze deposit to the credit of the bank $250,000, and that M. S. Largey, president of the institution, deposit $750,000.
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HEINZE WILL HAVE TO HURRY COURT SAYS HE MUST DEPOSIT $250,000 IN BANK BY MARCH 2. BUTTE, Dec. 28.--In: the district court late yesterday, F. Augustus Heinze was given until March 2. to get the affairs of the State Savings bank in condition to open and operate the bank. Unless he does so by that time the court will appoint a receiver. To do this Heinze must raise $250.000 and deposit it to the credit of the bank.
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SAVINGS BANK OPENS AFTER SUSPENSION Montana Institution Has Many Depositors on First Day of Opening. Butte, Mont., Feb. 15.-The State Savings bank which closed last October, resumed business today. The petition for a receiver which was pending in court was dismissed and F. A. Heinze has retired from the board of directors, There was no run when the institution opened its doors this morning and many new depositors opened accounts.
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BUTTE SAVINGS BANK RESUMES Institution Which Closed Last Octo. ber Reopens for Business-Heinze Deposed. Butte, Mont., Feb. 15.-The State Savings Bank of Butte, which closed its doors last October, today resumed business. The petition for a receiver pending in the district court was dis. missed. F. A. Heinze has retired from the board of directors. There was no run and many persons opened new accounts.
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State Bank Resumes. Butte, Mont., Feb. 15.-The State Savings bank, which closed its doors last October, today resumed business. The petition for a receiver pending in the court was dismissed. F. A. Heinze has retired from the board. There was no run and many depositors opened accounts.
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BUTTE (MONT.) BANK RESUMES. Butte, Mont., Feb. 15.-The - State Savings Bank, which closed its doors last October, resumed business to-day. A petition for a receiver, long pending in the local courts, was dismissed. F. A. Heinze has retired from the board. There was no run to-day and many new depositors opened accounts.
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Butte Bank Resumes. Butte, Mont., Feb. 17.-The State bank, which closed its doors last October, has resumed and a petition for a receiver, long pending in the local courts, was dismissed. F. A. Heinze has retired from the board. There was no run and many new depositors took up accounts.