4cd1a38fNone
Click image to open full size in new tab
Stockholders Must Pay $99,999. MILWAUKEE, Wis., Dec. 3.-Judge Elliott, in the Circuit Court, to-day held that stockholders in the defunct Commercial Bank who signed an agreement to make good any shortage in cash, to cover losses to creditors, were held responsible for the payment to the receiver of that bank to the sum of $99,999.95. The depositors are hereby assured of payment in full. About twenty-five business men signed the agreement, the sums ranging from $300 to $7,000.
Click image to open full size in new tab
STOCKHOLDERS MUST PAY. DEPOSITORS OF DEFUNCT MILWAUKEE BANK WILL RECEIVE PAY IN FULL Milwaukee, Wis., Dec. 3.-Judge Elliott in the Circuit Court to-day held that the stockholders in the defunct Commercial Bank who signed an agreement to make good any shortage there should be in the assets and cash to cover liabilities to creditors and for stock were held responsible for the payment to the receiver of that bank of the sum of $99,999. The depositors are hereby assured of payment in full. About twenty-five business men signed the agreement, the sums ranging from $300 to $7,000.
Click image to open full size in new tab
Stockholders Held Liable. Milwaukee, Dec. 4.-Judge Elliott, in the circuit court, held that stock holders in the defunct Commercial bank, who signed an agreement to make good any shortage there should be in the assets and cash to cover linbilities to creditors and for stock, are held responsible for the payment to the receiver of that bank of the sum of $99,999.96.
Click image to open full size in new tab
TELLER FIRST NATIONAL BANK AT BALLSTON SPA, N. Y., AN EMBEZZLER, INSTITUTION CLOSES DOORS National Bank Examiners Assume Charge and Begin a Thorough Ex amination of the Books-Defalcations Commenced Many Years Ago and Have Continued Undiscovered Until the Present Time. Ballston Spa, N. Y., Dec. 4.-The First National bank of this city has been closed pending an examination by a national bank examiner. It is state at the closing of the bank's doors followed the discovery of irregularities in the accounts of the teller, Charles E. Fitcham. The bank began business in 1865. Judge J. S. Lamoreaux succeeded George West as president early in October of this year and H. J. Donaldson succeeded to the vice presidency. The new executive officers began at once a thorough investigation of the bank's affairs and discovered indications of a defalcation on the part of Teller Fitcham. The investigation was pursued until it was seen that the defalcation had begun many years ago and attained large figures. Bank Examiners Graham and Van Vranken were sent for and Monday be gan a thorough examination. At the closing of banking hours they reported a shortage of $100,000. The directors then decided to close the bank pending an investigation and a warrant for Fitcham's arrest was issued. Fitcham was bonded to the amount of $1,000. He has a wife and one daughter. President Lamoreaux said that it was not possible to determine the amount of Fitcham's defalcation without an in spection of the outstanding certificates of deposits and depositors' pass books. The examination, he said, shows the teller alone is responsible. Mr. Lamoreaux added that it is not thought possible that any loss can come to depositors or certificate holders as the bank has a surplus of $100,000. which it is hoped will nearly meet the deficit and leave the bank's capital of $100,000 unimpaired. An examination of the bank by Examiner Van Vranken last August failed to disclose any irregularity in the accounts. Fitcham is in at his residence where he is under arrest and guarded by two officers. Stockholders Held Liable. Milwaukee, Dec. 4.-Judge Elliott, in the circuit court, held that stockholders in the defunct Commercial bank, who signed an agreement to make good any shortage there should be in the assets and cash to cover lia bilities to creditors and for stock, are held responsible for the payment to the receiver of that bank of the sum of $99,999.96.
Click image to open full size in new tab
Stockholders Held Liable. Milwaukee, Dec. 4.-Judge Elliott, in the circuit court, held that stockholders in the defunct Commercial bank, who signed an agreement to make good any shortage there should be in the assets and cash to cover liabilities to creditors and for stock, are held responsible for the payment to the receiver of that bank of the sum of $99,999.96.
Click image to open full size in new tab
Stockholders Must Pay. Judge Elliott in the circuit court in Milwaukee held that stockholders in the defunct Commercial bank who signed the agreement to make good any shortage there should be in assets and cash to cover liabilities to ereditors and for stock were held responsible for the payment to the receiver of the bank of the sum of $99,909.96. The depositors are hereby assured of payment in full. About 25 business men signed the agreement, the sums ranging from $300 to $7,000.
Click image to open full size in new tab
Stockholders Must Pay. Judge Elliott in the circuit court in Milwaukee held that stockholders in the defunct Commercial bank who signed the agreement to make good any shortage there should be in assets and cash to cover liabilities to creditors and for stock were held responsible for the payment to the receiver of the bank of the sum of $99,909.96. The depositors are hereby assured of payment in full. About 25 business men signed the agreement, the sums ranging from $300 to $7,000.
Click image to open full size in new tab
Defunct Bank's Final Dividend. Milwaukee, May 12.-Stockholders in the defunct Commercial bank will receive $6.97 as a first and final dividend on every share of stock valued at $100 they hold in that institution. Receiver Frank H. Thompson reported to Judge Halsey of the circuit court that he had cash on hand with which to make immediate payment to this amount.
Click image to open full size in new tab
Final Dividend. Stockholders in the defunct Commercial bank of Milwaukee will receive $6.97 as a first and final dividend on every share of stock valued at $100 they hold in that institution. Receiver Frank H. Thompson reported to Judge Halsey, of the circuit court, that he had cash on hand with which to make immediate payment to this amount.
Click image to open full size in new tab
# The News Condensed. Five cases of smallpox are reported in the family of Charles Dyer, of Van Dyne. In the presence of a large crowd the corner stone of the new Baptist church was laid at Kenosha. Prospectors who have been working in northern Burnett county since February have struck copper in paying quantities. Fidel Kneifel, of New Burgh Corners, is dead, the result of drinking 1½ pails of water. Knefel, who was 35 years old, fell from a barn some time ago and afterward he displayed queer antics at times. Judge Joseph B. Hamilton, of Neenah, aged 85 years, a former state senator and for a number of years county judge of Winnebago county, died at his home in that city. Otto Jaehkel, charged with the theft of $50,000 from Englebert, Hardt & Co., of New York, Berlin and Buenos Ayres, was arrester at Trevor. T. W. Horton, a pioneer of the town of Rome, died of heart failure. He was a civil war veteran. A log jam on the St. Croix river near Grantsburg contains 50,000,000 feet of logs and is nine miles long. One hundred drivers are breaking it. About 200 Indians, part of them from tribes in Kansas, Nebraska and elsewhere, held a ten-days' medicine dance in camp on the Yellow river, near Westboro, Taylor county. A switchman named Friday, of the Milwaukee railroad, dropped dead on the street in La Crosse. The common council in Madison has granted licenses to 81 retail liquor dealers. This is an increase of one over the present number. The license fee is $200. Albert Spieker, the 13-year-old son of John Spieker, died quite suddenly at the home of his parents near Burlington while being operated upon for an abscess. At the state Christian Endeavor convention in Fond du Lac the secretary's report showed a total of 507 societies in the state and an active membership of 9,981, and many more associate members. Ada Raihle, aged 17 years, daughter of Rev. Gottlief Raihle, pastor of the German Methodist church in Chippewa Falls, was drowned in the Eagle Point mill pond while gathering pond lilies. The boat capsized. Melvin L. Youngs, grand lecturer of the masonic grand lodge of Wisconsin, died after a prolonged illness in Milwaukee, aged 76 years. Judge Halsey discharged Frank H. Thompson from the receivership of the Commercial bank in Milwaukee, Thompson having distributed $22,972.82 among the original stockholders and paid 100 cents on the dollar.