Bank of Commerce (Denver, CO)

Article Text

Sixth Denver Bank in Six Weeks Is Closed

Frozen Assets Ruinous to Bank of Commerce Depositors Fail to Get Excited

By United Press

DENVER, Colo.-The plight of the Mid Western farmer and stockman was brought out again yesterday as the sixth Denver bank in six weeks closed its doors-a victim of frozen assets. There was none of the excitement or heavy runs that attended the closing of four banks and one trust company in mid December. Customers who came to the Bank of Commerce read the order posted by state examiners, shrugged their shoulders and turned away. It had become an old story.

Article Text

Another Colorado Bank Is Closed By State Department DENVER, Colo., Denver bank to close its doors within period four months, the Bank passed into hands State Bank Examiner Grant McFerson toImmediately upon the opening of the posted on the and short time the state deputies charge. bank was the smallest of Denver's banks, with resources shown by its statebusiness December 31, The statements showed deposits "statement. officers said the closing of echo the failure December 17 and five Denver which started small on the Bank of Commerce.

Article Text

ANOTHER DENVER BANK FORCED THE WALL

Denver, Denver bank close its within period of four months, the Bank passed into the hands of State Bank Examiner Grant Ferson today. The bank was the smallest of Denbanks, with total resources shown by its statements of close business December 31, last. of $255.417.55. The showed deposits $133,472. In statement officers said the closing of the bank was echo failure on December 17 and of five Denver banks, which started small run on the Bank of Com-

Flaherty will leave Monday for Long Beach, Cal, play around the beauties through the remainder the winter.

Article Text

ANOTHER DENVER BANK IS CLOSED (By Dispatch A. P. Wire) DENVER, Jan. 21.-The Seventh Denver bank to close its doors within a period of four months, the Bank of Commerce, passed into the hands of state bank examiner Grant McFerson today. Immediately upon the opening of the bank this morning a notice was posted on the doors, and a short time later the state Bank Examiner's deputies took charge. The bank was the smallest of Denver's banks, with total resources shown by its statement at close of business December 31 last, of $225,417.55. The same statements showed Coposits of $133,472. In a statment officers said the closing of the bank was an echo of the failure on December 17 and 18, of five Denver banks, which started a small run on the Bank of Commerce.

Article Text

Seventh Denver Bank Closes Following Run

Colo., Jan Seventh Denver bank close its doors within period of four months, Bank Commerce. passed hands State Grant bank the smallest Denver's banks, total by statement of business December 31. last. The showed deposits of ment officers said closing the bank echo failure December and 18 of five Denver which started small run the Bank of Commerce.

Article Text

ANOTHER DENVER BANK FORCED TO THE WALL

Denver, Denver bank close its within period of four months, the Bank passed into the hands State Bank Examiner Grant McFerson today. The bank was the smallest of banks, with total resources shown by statements of close of business December 31, last, of $255.417.55. The same statements showed deposits of $133,472. the statement officers said the closing of the bank was the failure December and of five Denver banks, which started small run on the Bank of Commerce.

Flaherty will leave MonLong Beach, play around with the bathing beauties through remainder the winter.

Article Text

Sixth Denver Bank in Six Weeks Closes Its Doors; Assets Frozen

DENVER, Colo., Jan. of the mid-western farmer plight and stock man was brought out with startling effectiveness again as the sixth Denver yesterday bank six weeks closed its doors victim of frozen assets. There was none of the excitement heavy runs that attended the closing four banks and one trust company in Customers came to the Bank Commerce yesterday read the posted by the state examtheir and turned away. It had become to them. Four other institutions in the state, one trust company, failed during the last three months 1925. Officers of the banks gave the same explanation failure ranchers stock men to off their debts. pay Attempts being made to organize closed institutions, failing in that, to handle their sets small loss to positors. All of the banks were small, deposits of the six totaling $4,616,723

Article Text

ANOTHER DENVER BANK IS CLOSED

Sixth Institution to Fail in Past Three Months; Frozen Assets

The United News.) DENVER. Colo., Jan. plight of the middle west farmer and stock man was brought out with startling effectiveness again Thursday as the sixth Denver bank in six weeks closed its doors-a victim of frozen assets. There was none of the excitement or heavy runs that attended the closing of four banks and one trust company in mid-December Customers who came to the Bank of Commerce, Thursday read the order posted on the door by the state bank examiners, and turned away It had become an old story to them. Four other institutions in the state failed during the last three months of 1925. Officials of the banks all gave the same explanation failure of ranchers and stockmen to pay off their debts.

Article Text

DENVER BANK OF COMMERCE THURSDAY; THE FAILURE SIX WEEKS

Customers Coming to Door and Seeing Closing Notice, Shrug Shoulders and Walk Away, Being Inured to Failures.

No Disappoints

Lincoln, Jan. didn't treat me right down there." declared Randall Nebraska, upon his from Kansas City after testifying there the yes, direct testimony all right,". replied the commissionmeasly railroad counsel me on them. All did was ask wasn't ber of the state railway commission and have an application pending before for an increase Nebraska. didn't answer that, counsel for the

Denver, Jan. plight of the middlewestern farmer stockbrought with startling effectiveness today, when the sixth Denver bank in the last six weeks closed its doors, victim of "frozen There was none of the excitement heavy runs that attended closing the five other institutions. Customers who came the Bank of Comtoday read the order posted examiners, shrugged their shoulders and turned away It had old story to them. Four other institutions in the state, them trust company, failed during the three ending January Officers of the banks all gave the failure of ranchers and stockmen to pay off their are under way to reorganthe closed or failing that to liquidate the assets at small loss to the depositors. banks were small, the total of all totaling only about

Article Text

ANOTHER DENVER BANK IS CLOSED

(By Dispatch Wire) DENVER, Jan. 21.-The Seventh Denver bank to close its doors within a period of four months, the Bank of Commerce, passed into the hands of state bank examiner Grant McFerson today. Immediately upon the opening of the bank this morning a notice was posted on the doors, and a short time later the state Bank Examiner's deputies took charge. The bank was the smallest of Denver's banks, with total resources shown by its statement at close of business December 31 last, of $225,417.35. The same statements showed In statment officers said the closing of the bank was an echo of the failure on December 17 and 18, of five Denver banks, which started a small run on the Bank of Commerce.

Article Text

DIVIDE WATERS THE COLUMBIA AMONG STATES operation of the federal government with Idaho, Montana. Oregon and Washington in the allocation of wa ters of the Columbia river and its tributaries was proposed in a bill to day by Representative Summers, publican, Expenditure of $25,000 for further investigation by the interior depart ment would be provided, with a report to congress by December 1, 1927. of the agreement reached with these states on the apportionment of water for irrigation projects. Formation of proper district organi zations in each state, and surveys of power possibilities also would be au thorized and included in the reports to be made next year

SEVENTH DENVER BANK CLOSES. DENVER. Jan. 21 (AP) sev enth Denver bank to close its doors within period of four months. the Bank of Commerce, passed into the hands of State Bank Examiner Grant McFerson The bank was the smalest of Denver's banks, with total resources shown by its statement at close of business December last, of $255. 417.55, The same statement showed

Article Text

SIXTH BANK IN DENVER CLOSED

Frozen Credits Given As Cause of Bank Failure Epidemic

DENVER, Jan. =2. (United plight of the middle western farmer and stockman was brought out with startling effectiveness again Thursday as the sixth Denver bank in six weeks closed its doors, a victim of frozen assets. There was none of the excitement or heavy runs that attended the closing of four banks and one trust company in mid-December. Customers who came Bank of Commerce Thursday read the order posted by the state examiners, shrugged their shoulders and turned away. It had become an old story to them. Four other Institutions in the state, one a trust company. failed during the last three months of 1925. Officers of the banks all gave the same explanation-the failure of ranchers and stockmen to pay off their debts. Attempts are under way to reorganize the closed institutions, or failing in that their assets will be liquidated at only a small loss to depositors. All of the banks were small. the deposits of the six totaling only $4,616,723.