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Two Bank Failures. FRANKLIN, Ohio, February 5.-The First National bank suspended today. Capital $100,000, surplus $20,000, undivided profits $30,000, deposits $135,000 loans and discounts $195,000. GREAT FALLS, Mont., February 5.The North western National bank of Great Falls was placed in the hands of receivers this morning.
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Mont., stating that because of a certain action of the cashier they had t ken pessession and asking for instructions. The comptroller directed the receiver in the vicinity to take charge temporarily until the national bank examiner could reach there. GREAT FALLS, Mont., Feb, 5.-The Northwestern National-bank [failed to open toury. The failure is exid to be due to delarcation.
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Bank Failures. FRANKLIN, Ohio, Feb. 5.-The First National Bank has suspended. Capital, $100,000; surplus, $20,000; undivided profits, $30,000; deposits, $135,000; loans and discounts, $195,000. GREAT FALLS, Montana, Feb. 5.The Northwestern National Bank of Great Falls was placed in the hands of a receiver this morning.
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MONTANA BANK SUSPENDS. Defalcation of About TwentyA Seven Thousand Dollars. GREAT FALLS, MONT., February 5.-The Northwestern National Bank, of this city, failed tq open its doors this morning, and it is said that the directors have discovered a defalcation of about $27,000. The cashier is R. D. Hatcher. The Northwestern had a capital of $250.000, and an advertised surplus of $50,000. Thomas Couch, G. M. Hyams, Frank Kleptko. and other prominent stockholders in the Boston and Montana and Butte and Boston Mining companies are members of the Board of Directors of the bank, and W. G. Conrad, a Great
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Business Troubles, FRANKLIN, O., Feb. 5.-The First National Bank has suspended. Capital $i00.000; surplus $20,000; undivided profits $30.000; deposits $135,000; loans and discounts $195,000. GREAT FALLS, MON., Feb. 5.-The Northwestern National Bank of Great Falls was placed in the hands of a receiver this morning. SYRACUSE, N. Y., Feb. 5.-The Syracuse Manufacturing Company went into the hands of a receiver to-day. Liabilities, $76,000; assets nominal, $105,000: assets, $150,000. The company manufactured hardware specialties and the Frontenac bicycles.
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CASHIER DEFAULTS. He Drew Heavily on the Bank and Caused Suspension. Great Falls, Mont., Feb. 6. - The Northwestern National bank of this city has failed to open its doors. The failure is said to be due to a defalcation by the cashier. The directors learned of the shortage, took possession and asked the controller for instructions. He directed a receiver in the vicinity to take charge temporarily until the national bank examiner could reach here. The directors discovered that Cashier Hatcher had drawn $180,000 from its Boston correspondent, the Globe National bank, and used it in the purchase of bank stock.
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WRECKED BY THE CASHIER. Northwestern National Rank of Great Falls, Montana, Closed. GREAT FALLS, Mont., Feb. 6.-The Northwestern National Bank, one of the oldest institutions in the state, has suspended. The board of directors and officers charge that the trouble is due to a defalcation on the part of Cashier Benon D. Hatcher. of $180,000.
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CASHIER DEFAULTS. He Drew Heavily on the Bank and Caused Suspension. Great Falls, Mont., Feb. 7. --- The Northwestern National bank of this city has failed to open its doors. The failure is said to be due to a defalcation by the cashier. The directors learned of the shortage, took possession and asked the controller for instructions. He directed a receiver in the vicinity to take charge temporarily until the national bank examiner could reach here. The directors discovered that Cashier Hatcher had drawn $180,000 from its Boston correspondent. the Globe National bank, and used it in the purchase of bank stock.
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Two More Failures. Franklin, Ohio, Feb. 5.-The First National bank has suspended. Capital $100,000, surplus $20,000, undivided profits $30,000, deposits $185,000, loans and discounts $195,000. Great Falls, Mont., Feb. 5. - The Northwestern National Bank of Great Falls was placed in the hands of A receiver this morning.
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Bank Cashier Goes Wrong. Great Falls, Mont., Feb. 6. - The Northwestern National bank, one of the oldest institutions in the state, posted a notice announcing its suspension yesterday morning. The board of directors and officers charge that the trouble is due to a defalcation on the part of Cashier Benton D Hatcher, of $180,000. The comptroller of the currency has wired Louis G. Phelps to take temporary charge of the bank, pending the arrival of the bank examiner.
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Banks and Business Failures. The following banks and business firms have failed since the last issue of this paper: The Northwestern National bank of Great Falls, Montana. It was one of the oldest institutions in the state. The shortage of the cashier is $180,000. The -confiding depositors have the bag to hold. The cashier of the First National bank of Bethlehem, Pa., absconded with $150,000 and left the bank with nothing to do but close its doors and the depositors to bemoan the confidence they had given it. The First National of Franklin, Ind., has also closed its doors. The depositors are going through the same experience. The Duck River Phosphate Co., of Tennessee, assigned Saturday. The Southern Mutual Building and Loan Association of Atlanta was placed in the hands of a receiver Saturday. Thomas Doherty, tea merchant of Montreal, Canada, assigned. Brown and Pillars, of Orlando, grocers, made an assignment Monday. The State Savings bank, of Atlanta, of which Captain H. C. Wright, of this city, was recently elected president, is in the hands of a receiver.
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The Northwestern National bank, of Great Falls, Mont., one of the oldest institutions in the State, posted a notice announcing its suspension last Monday morning. The board of directors and officers charge that the trouble is due to a defalcation on the part of the cashier, Benton D. Hatcher, of $180,000.
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Benton D. Hatcher, cashier of the suspended Northwestern National bank of Great Falls, was arrested last week charged with misapplying the funds and credits of the bank in a sum amounting to $90,000. He was released on $5,000 bonds. Slow progress is being made in straightening out theaffairs of the bank and depositors are becoming anxious.
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To Pas " Goodly Dividend. Great Falls. Mont., March 11 - There are now on hand in the Northwestern National bank some $135,000. the ITsult of collections since the failure A receiver will probably be mained sooso. when it dividend of 20 or will be paid.
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WILL PAY DEPOSITORS IN FULL. Great Falls Bank Trouble Satisfactorily Arranged. HELENA, Mont., March %-A. B. Brown, special representative of Comptroller Eckels, who came from Washington to endeavor to adjust the affairs of the suspended Northwestern National bank at Great Falls stated that the bank would reopen or liquidate without the services of a receiver. He held a meeting here tonight with the Conrad brothers, who sold out their holdings in the bank shortly before It closed, and an agreement was reached by which the Conrads will take back their stock, amounting to over $100,000, thereby insuring the payment of every depositor in full.
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Bank Cashier Arrested. Great Falls, Mont., April 20.-B. D. Hatcher, cashier of the suspended Northwestern National bank. has been arrested on a third charge. The complaint alleges that on Dec. 17 he certified to Controller Eckels that the bank had on deposit in the Glo'e Nahen tional Bank of Boston $155,000 in fact its account was ON n several thousand. He furni is 000 bail.
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# The Cooper-Martin Case. In the district court last Friday Brady & Freeman, attorneys for Anne Lyon Martin, administratrix of the estate of Stephen C. Martin, deceased, in her suit against O. G. Cooper, filed an application for an order enjoining the sale of a large amount of property belonging to the Cooper-Martin Sheep company. Judge Leslie issued a temporary restraining order and ordered the Northwestern National bank of Great Falls, James T. Stanford, receiver of said bank, and Kyle Price to appear Aug. 18 at 10 a.m. to show cause why the restraining order should not be made permanent. The property involved is several thousand acres of land in Teton county, 17,512 head of sheep and their increase for 1897, 101 head of horses, cattle, farming implements, etc. Several months ago the Northwestern National obtained judgment against the Cooper-Martin Sheep company for $26,000. Cooper is a stockholder of the company. An execution was issued against the company's property and the property was sold to Kyle Price, supposed to represent the bank, for $9,105. Later Mrs. Martin instituted suit against Cooper for $14,000, and obtained judgment. It is alleged that Price did not take absolute possession of the property, but agreed to hold it until the bank
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COMPTROLLER ARRIVES Promises a Ten Per Cent Dividend at Least for the First National. Special Dispatch 13 the Standard. Helena. Aug. 11-Comptroller of the Treasury James H. Eckets, wife and daughter arrived over the Great Northern this morning on their way to the National park. from where they will proceed to Butte and Anaconda and then on to Salt Lake City and Glenwood Cafa Comptroller Eckets trip has no business significance he said 10-day although he is in a measure combining business with the pleasure of an outing He received many callers at the Helena to-day and spent a good share of the afternoon in consultation with Kugene T. Wilson receiver of the Merchants National bank J. Sam Brown receiver of the First National bank and James T. Stanford receiver of the Northwestern National bank of Great Falls Among his catters were a number of First National bank depositors, who took occasion to inquire as to the prospects for u dividend The bank suspended Sept. 1 100% and store then DO sign of a dividend hax been seen by the multitude of depositors Mr. Eckets replied that a to ter cent. dividend at least would be annotanced some time before his report to congress which will be closed Oct. IL He referred to the = per cent. dividend that has just been announced for the use product Merchants' National bank and the experient showing made by the NorthWHITERN National For some time the rumor has been current that J. Sam Brown was to be remayced 8000 all receiver of the First No. tional bank but Mr. Eckels neatly dodged the question when asked it the report had any faculation Mr. Eckels and family will leave to-
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Security Company Sued. Helena, Mont., Jan. 18.-James T. Stanford, receiver of the Northwestern National Bank of Great Falls, commenced an action in the district court against the National Surety Company of Kansas City to recover $25,000, the amount of a bond furnished the bank through the defendant company by Benton D. Hatcher, former cashier, who recently pleaded guilty to a charge of misappropriation of funds of the bank, for which he is now serving a five-year term in the penitentiary. It is alleged that Hatcher embezzled more than the amount of the bond furnished by the defendant company.
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Security Company Sued. Helena, Mont., Special.-James T. Stanford, receiver of the Northwestern National Bank of Great Falls, commenced an action in the district court against the National Surety Company of Kansas City to recover $25,000, the amount of a bond furnished the bank through the defendant company by Benton D. Hatcher, former cashier, who recently pleaded guilty to a charge of misappropriation of funds of the bank, for which he is now serving a five-year term in the penitentiary. It is alleged that Hatcher embezzled more than the amount of the bond furnished by the defendant company.
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Two Characteristic Incidents in the Career of W. G. Conrad. ditorial in the Great Falls (From "Progressive Men of the State of Montana," by A. W. Bowen.) of May 31, 1908.) In addition to his cattle enterprises, oteworthy incident in the Mr. Conrad engaged in banking, tory of Mr. Conrad is not founding the First National Bank, of Fort Benton, of which he was presinown. In the early days dent during its existence. After some as made to commit the years of successful operation at Fort subsidy for a railread Benton this bank was removed to build into Montana. A Great Falls and the named changed It subsidy bonds to the to the Northwestern National bank, of which he and his brother were sole reillion and a half dollars, owners. In 1894 they sold the Boston bill exempting its propand Montana people one-fifth of this taxation for twenty-one stock and, at their request, R. 11. completion of the road, Hatcher was made cashier and acted fixed for such completion, as their representative. In December, 1896, Hatcher bought the balance of with good prospects the Conrad brother's stock for the Bosthe territorial legislature. ton and Montana people. Two months opposition to railroads later the bank was closed, and the was far from popular, people of Northern Montana well know what then happened. It takes over were ready to grant twenty years to grow men, and as to get a railroad. It was many more to try them to see if they are men. When the wires flashed the Mr. Conrad's far-sighted news to W. G. Convad, then at White dgment asserted itself In Post, Va., the Fumediate message that came back WESLTH want every deposof the people, and he led itor paid in full." in this telegram he aimst the grasping railroad also asked Janies T. Stanford to act as receiver. Mr. Conrad went to Washto mortgage the future of ington, had Stanford appointed, and territory, making the monot only the people of Montana, but feated the measures. When all the bankers of the United States, know how well and quickly the deposthat the proposed subitera got their money. When asked with interest would now why he did this, Mr. Conrad replied: about $13,900,000 and that "The people deposited their money in from taxation for twen account of my connection with this