First National Bank (Grundy Center, IA)

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BROWNWOOD'S BANK BREAKS

City National Bank "Closed By Order of the Directors." DALLAS, Tex., June 17,-A News' Brownwood, Tex., special says: "The City National Bank of Brownwood closed its doors yesterday. A sign was hung out "Closed by order of the directors." Tightness of the money market and slow collections are the causes assigned by the directors. A run on the bank was begun yesterday that continued until they were compelled to close. The capital of the bank is $150,000. The Waterloo Bank's Waterloo. WATERLOO, Iowa, June 3.-The First National Bank of Grundy Centre closed its doors yesterday.

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FAILURE OF BANKS IN THE WEST ANOTHER LIMB OF THE ZIMRI DWIGGINS TREE FALLS TO THE GROUND. Wabash, Ind., June 17 (Special).-This morning the Citizens' Bank, of Converse, owned by L. Gottschalk and George Ober, and which began business this spring. failed to open Its doors. The proprietors. who came from Geneva, Ind., were associated with Zimri Dwiggins, of Columbia National Bank fame, and, it is asserted, lost from $10,000 to $12,000 in the Columbia failure. No statement of assets and 11a bilities has been made to Roscoe Kimple, to whom the bank a-signed. The capital Invested was about 420,000, and the deposits from 825,000 to $30,000. Cashier Gottschalk says all depositors will be paid in full. Waterloo, Iowa. June 17.-The First National Bank of Grundy Centre closed its doors yesterday and In formed Bank Examiner MeHugh that If could not do business any longer. The statement of the condition of the bank May 4. showed deposits subject to check to the amount of $34.761 72. demand certificates ito the amount of 827,836 70. and time certificates amount ing to $74,715.50. The capital stock was $50,000 amount of liabilities is not known. Dallas, Tex., June 17.-A "News" Brownwood Tex. dispatch says: "The City National Bank of Brown wood closed its doors yesterday. A sign was hung out: Closed by order of the directors. Tightness of the money market and slow collections are the the on causes assigned by the directors. A run bank was begun yesterday that continued until they were compelled to close. The capital of the bank is $130,000. San Bernardino, Cel. June 17.-The Farmers' Ex change Bank closed its doors this morning. St. Paul, June 17.-A dispatch from Crystal Falls Mich., says all the mines there except the Mahs field. Claire and Michigan have suspended work. and one of these will close In a few days. Both banks of the city have suspended and there is simply no money whatever In circulation. Many are leaving the town.

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Grundy Center Bank Failure

WATERLOO, Ia., June 17.-The First National bank of Grundy Center closed its doors this morning and notified Bank Examiner McHugh that it could not do business any longer. George Wells, who is supposed to be the wealthiest man in Grundy county, is president of the bank, and Chris C. Shuler, cashier. The statement of the condition of the bank on May 4 last, showed that it had at that time deposits subject to check to the amount of $34,761.72; demand certificates to the amount of $27,836.70 and time certificates amounting to $74,715.50. The capital stock of the bank was $50,000 and the surplus $16,000. The bank had $12,551 invested in the banking building and $9,000 in other real estate and mortgages. The suspension IS ascribed to the payment of a high rate of interest and to unfortunate loans. The bank Has been known to be in a shaky condition for some time and the suspension caused no surprise.

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Other Bank Failures

MILWAUREE. July 26.-Specials to the Wisconsin report two small bank failures in the interior of the State. viz., the German Exchange Bank at Portage and John Lienlokken. a private banker at Lacrosse. The Portage bank is capitalized at $25,000. No statement of assets or liabilities is given. Lienlokken's liabilities are placed at $10.000. WASHINGTON, July 26.-The First National Bank of Grundy Centre. Iowa, has informed Comptroller Eckels that it expects to resume business Aug. 1 under a new management. The Farmers' National Bank of Henrietta. Tex.. and the Farmers' National Bank of Findlay. Ohio. which failed yesterday. expect to resume in a short time-the latter on Monday next. MANCHESTER. N. H., July 26.-C. M. Dorr of Somersworth. a national bank examiner. today took charge of the suspended National Bank of the Commonwealth. There is no change in the financial situation here. All banks are confident that the worst is over. locally. BRISTOL. Tenn.. July 26.-The Bristol Bank and Trust Company yesterday decided to go into voluntary liquidation. They have $80,000 assets. and owe depositors only $15,000. Unprofitable business is the cause.

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RESUMPTIONS, National Banks Now Ready for Business Again. WASHINGTON, Sept. 1.-Comptroller Eckels says that 145 national banks have suspended since January 1. Of these one has gone into voluntary liquidation, 57 have been placed in the hands of receivers, 62 are in the hands of national bank examiners, with excellent prospects of early resumption, and 34 have already resumed business. The following national banks, which recently suspended payment, have today been permitted to reopen their doors for business: American National bank of Nashville, Tenn.; First National bank of Grundy Center, Iowa, and First National bank of Harrisonville, Mo.

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National Banks Resume

WASHINGTON, D. C., Sept. 1.-The following National Banks, which recently suspended payment have to-day been permitted to re-open their doors for business: The American National Bank of Nashville, Tenn., the First National Bank, of Grundy Center, Iowa, and the First National Bank, of Harrisonville Mo.

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Three Banks to Reopen

Washington, Sept. 1.-The following national banks which recently suspended payment have to-day been permitted to reopen their doors for business: American National of Nashville, Tenn., First National Bank of Grundy Center, Ia., and First National Bank of Harrisonville, Mo.

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Banks Resuming Business

WASHINGTON, Sept. 1.-The following national banks. which recently suspended payment. have to-day been permitted to reopen their doors for business: The American National Bank of Nashville. Tenn.: the First National Bank of Grundy Centre, Iowa, and the First National Bank of Harrisonville. Mo.

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FINANCIAL AND COMMERCIAL

The following national banks, which ... cently suspended payment, have been pe mitted to resume business: American of Nashville; First, of Grundy Center, Ia.; and the First, of Harrisonville, Mo.

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MAY RESUME

Washington, Sept. 2.-The following national banks, which recently suspended payment, have to-day been permitted to reopen their doors for business: The American National Bank of Nashville, Tenn.; the First National Bank of Grundy Center, Iowa, and the First Na. tional Bank of Harrisonville. Mo.

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FINANCIAL AND COMMERCIAL

The following national banks, which recently suspended payment, have been permitted to resume business: American of Nashville; First, of Grundy Center, Ia ; and the First, of Harrisonville, Mo.

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MAY RESUME

Washington, Sept. 2.-The following national banks, which recently suspended payment, have to-day been permitted to reopen their doors for business: The American National Bank of Nashville, Tenn.; the First National Bank of Grundy Center, Iowa, and the First National Bank of Harrisonville. Mo.

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MAY RESUME

Washington, Sept. 2.-The following national banks, which recently suspended payment, have to-day been permitted to reopen their doors for business: The American National Bank of Nashville, Tenn.: the First National Bank of Grundy Center. Iown, and the First National Bank of Harrisonville. Mo.