54edd41c6d36b256None
Click image to open full size in new tab
BANK SUSPENDS [By Associated Press.] BOISE, Jan. 21.-The Cauitol State Bank of Idaho (limited), this city, today announced it had temporarily suspended owing to heavy withdrawals of deposits. The capital is $200,000, its reserve $100,000 and deposits about $1,000,000.
Click image to open full size in new tab
BOISE BANK DOORS CLOSE I BOISE, Jan. 21.-The Capital State Bank of Boise failed to open its doors this morning, notice being posted of temporary suspension caused by the recent heavy withdrawals. The bank has a capital stock of $200,000, surplus of $100,000, and deposits by the last statement og a little of $1,000,000. George D. Ellis is president, J. C. Pence, vice president; H. E. Neal, cashier. The bank ranked second in Boise and had the bulk of the small depositor business. alter E. Druce, expert accountant, states today: "I spent several days examining the bank books and believe the bank solvent." No effect was felt by the other banks of the city. Walter S. Druce will probably be appointed receiver of the suspended bank.
Click image to open full size in new tab
STATE BANK CLOSED. The Large Withdrawal of Deposits Cause For It. Boise, Idaho, Jan. 21.-The Capitol State Bank of Idaho in this place, failed to open its doors for business to-day. Temporary suspension was determined by the directors owing to the recent large withdrawal of deposits.
Click image to open full size in new tab
Fails to Open for Business Because of Recent Heavy Withdrawals of Deposits. SUSPENSION IS TEMPORARY. Expert Who Made Investigation Advised it-Said That Depositors Will be Paid in Full. Boise, Ida., Jan. 21-The Capital State Bank of Idaho, limited, of this city, failed to open its doors for busines this morning. The directors of the bank, at a meeting held last night, decided that a temporary suspension was necessary owing to recent heavy withdrawais of deposits. W. S. Bruce, an expert accountant who has been engaged in making a careful investigation into the affairs of the bank, advised the action. This morning he issued the following statement: "I have spent several days in examining into the condition of the Capital State Bank of Idaho, at the request of the directors, and give it as my firm opinion that the bank is solvent, and that the assets are sufficient to pay the depositors every dollar that is due them." The Capital State bank has capital stock of $200,000, a reserve of $100.000, and deposits at the time of the last statement, Dec. 23, of $1,076.722.65. Before the financial troubles began, the deposits amounted to about $1,250,000. For the past two months reports have been in circulation reflecting on the stability of the institution, and this fact had much to do with bringing on the failure. The officers of the bank are: George O. Ellis, president; J. C. Ponce, vice president; and H. E. Neal, cashier. Mr. Neal left Boise last week for Portland. owing to illnes. It is stated positively that his departure was not occasioned by the bank's condition. In connection with the institution, the savings bank was conducted, which was the largest of its kind in Idaho. The bank had more than 3,000 depositors. A petition for a receiver for the bank will be filed today. Withdrawals from the bank for the past 48 days have averaged $9,000 a day. Along with other banks in the city the Capital State resumed cash payment Jan. 15. The clearing house association was appealed to for assistance, and the officers of the association made an examination of the bank's affairs, after which it was decided that no help could be given. The bank asked for $250.000, which amount was needed to tide It over until its assets could be realized upon.
Click image to open full size in new tab
CAPITAL STATE BANK. None of its Branches Have Closed as Result of Failure. Boise, Ida., Jan. 22.-Walter S. Bruce, appointed by the court as veceiver of the Capital State bank, which suspended yesterday, has taken charge of that institution and after further examination again expressed confidence that depositors would be paid in full. None of the Capital State's branch banks in small towns of southern Idaho have closed as a result of the failure here.
Click image to open full size in new tab
AID WAS REFUSED. Bank Had Been Examined by Clearing House Expert. Boise, Ida., Jan. 21.-The Capital State bank of Idaho, limited, of this city failed to open its doors for business this morning. The direcors of the bank, at a meeting held last night, decided that a temporary suspension was necessary owing to recent heavy withdrawals of deposits. W. S. Bruce, an expert accountant, who has been engaged in making a careful investigation into the affairs of the bank, advised the action. This morning he issued the following statement: "I have spent several days in examining into the condition of the Capital State Bank of Idaho, at the request of the directors, and give it as my firm opinion that the bank is solvent and that the assets are sufficient to pay the depositors every dollar that is due them." Capital and Deposits. The Capital State bank has capital stock of $200,000, reserve of $100,000 and deposits at time of last statement, Dec. 23, of $1,076,722.65. Before the financial troubles begun these deposits amounted to about $1,250,000. For the past two months reports have been in circulation reflecting on the stability of the institution, and this fact had much to do with bringing on the failure. The officers of the bank are George D. Ellis, president; J. C. Jones, vice president, and H. E. Neal, cashier. Neal left Boise last week for Portland, owing to illness. It is stated positively that his departure was not occasioned by the bank's condition. In connection with the institution a savings bank was conducted, which was the largest of its kind in Idaho. The bank had more than 3,000 depositors. Petition for Receiver. A petition for a receiver for the bank was filed today. Withdrawals from the bank for the past forty-eight days have averaged $9,000 a day. Along with other banks in the city, the Capital State resumed cash payments Jan. 15. The clearing house association was appealed to for assistance, and the officers of the association made an examination of the bank's affairs, after which it was decided that no help could be given. The bank asked for $250,000, which amount was needed to tide it over until its assets could be realized upon.
Click image to open full size in new tab
Owing to a steady Grain upon its cash resources for months past, and being unable to realize upon a heavy line of loans made prior to the financial depression of last fall, the Capital State bank of Boise suspended payment Tuesday morning. In explanation of its action the directors, after an all night session in which the condition of the Dank as to its solvency was ascertained, posted the following notice upon its doors: "The directors of the Capital State Bank have made a careful examination of its condition and find it solvent. "The difficulty in obtaining ready cash makes it necessary temporarily to suspend payments. "It is believed that in the course of a short time the bank will be able to resume, but that in any event the depositors will be paid in full." On the application of Orlando F. Bacon and other stockholders and depositors in a complaint filed in the district court Tuesday, Judge Wood appointed Walter S. Bruce to the receivership of the institution, and he itamediately assumed control, furnishing a surety bond. It is stated that Mr. Bruce was the choice of he majority of the directors of the bank and that the appointment is satisfactory to the othe b ks of the city. It became kno WILL that Mr. Bruce had been for several days going over the affairs of the bank and he is therefore well fitted to take up the work of receiver. The receiver states it as his opinion that the bank is perfect-
Click image to open full size in new tab
Big Bank Fails The Capital State Bank of Boise failed Tuesday of this week. Its a big failure and the second bank in Idaho to close its doors since the panic. Associated Press dispatches state Idaho county had $30,000 on deposit in the defunct institution but Treasurer Rice stated to a representative of the Free Press that there was nothing in the story and it must have been an error on the part of the reporter.
Click image to open full size in new tab
e Mr. and Mrs. Mike Fuchs, living m norh-west of town, celebrated the at 50th wedding anniversary of their father and mother Monday. About fifty guests were present and a jolly good time is reported. Mr. and of Mrs. Fuchs, Sr., live in Germany. S. n Geo Hummiston, who accidentally cut his thumb off while splitting wood a short time ago was taken to Lewiston the latter part of last week by Dr. J. L. Kelly and Dr. S. H. Titus where he will undergo treatment in the hospital, blood poison having set in. The Greer Rochdale Company held a meeting here last Saturday and perfected their organization. The meeting adjourned to meet at the Harbke school house on Thursday, January 23rd, at which time various committees will report. The by-laws of the company will be ready for distribution Monday. Many Herald subscribers have responded to the new postal rule wherein all subscribers owing one year or back subscription to January ,1908. We do not care to stop your paper, but we must if you do not pay up, as we do not want to take any chances with the law. Please give this your attention. The Capital State bank at Boise failed to open its doors for business last Tuesday, and is now in the hands of a receiver. Its liabilites are about $1,500,000 but it is believed it will be able to pay these in full as soon as they realize on their securities. This is the first bank failure in Idaho during the present panic. A series of meetings will be held in the Christian church beginning next Sunday morning at 11 o'clock. Rev. Francis A. Ware, of Oregon, will do the preaching and Frank o. McCauley, the singing evangelist, will conduct the singing. The meetings will be held every evening at 7:30. You are invited to attend these services. The marriage of Mr. Levis Langer and Miss Ollie Graham, of Nez Perce county, was solemnized Wedneeday night at Hotel Grangeville parlors by Judge Vineyard. Both the young people hail from our neighboring county and the groom is a prosperous rancher living six miles from the town of Nezperce. The bride is the daughter of Mr. and Mrs. S.Graham of the same neighborbood.-Grangeville Free Press. The county commissioners are today considering the bills for smellpox cases arising out of the city. An inspection of the law shows that the county is not liable for the expenses incurred in treating cases where the afflicted persons are quarantined in their own residences and in cases where the patient has funds and is sent to the county isolation hospital the county can collect payment for his care. The law also provides that no county health officer shall be entitled to fees for the establishment or raising of quarantine.-Monday's Teller.
Click image to open full size in new tab
BRANCHES NOT CLOSED. (Special to The Herald.) Boise, Idaho, Jan. 22.-Walter S. Bruce, appointed by court receiver of the Capital State bank, which suspended yesterday, has taken charge of the institution and after further examination again expressed confidence that depositors would be paid in full. None of the Capital State's branch banks in the small towns of southern Idaho have closed as a result of the failure here.
Click image to open full size in new tab
HOW TO MAKE MONEY SENSIBLE AND BRAVE. When a fellow earns a dollar, its his. He can spend it, or put it in a bank, or hide it in a sock under the bed. If he does either of the latter, it is still his on demand. If he puts it in a bank, he does so, for safe keeping, giving up the interest for the banker's service to him. The banker loans this money, the interest paying him for his guarantee to the depositor. If the banker invests up to what is ordinarily a safe margin on his deposits, and there should be an unusual run on his bank, he will not have enough cash left, and the bank must fail. The money was deposited with the implied promise that the banker had it to invest; if it is withdrawn suddenly, the unthinking depositor may in fact become as much of a wrecker as the safe-blower who goes through the vault with the real coin. It is the depositor's own money that he takes out-but he may be as criminally careless as the fool with a gun he "didn't know was loaded." The financial panic which recently struck the country, has shown up the defects of the present banking system. People who had no better use for their money than to hide it under the pillow and shiver all night lest the burglars get it, have drawn millions of the banks and withdrawn it from trade. In Boise, they drew out almost half a million dollars from the Capital State Bank, and the bank, with investments on which it could not immediately realize, had to close its doors. The bank was honest; it had not been fleeced out of a dollar; there was no defalcation; nothing was wrong but the fact that enough depositors lost their wits to cripple the bank. Everybody will be paid in full, as the investments are paid in. The money that was withdrawn has not been re-deposited in the Boise banks. It has hardly gone back into legitimate business, for if it had, sane business men would have put it back in the banks. It has been hidden away. The hiders own it all right enough, yet by their scare they have not helped themselves, while bringing dire calamity on their neighbors. What shall be done to head off these selfish, foolish runs? Oklahoma has found a way: The state guarantees deposits in state banks, taxing the banks 1 per cent on deposits to provide a guarantee fund. This would head off all runs, for if a bank should close the state would take charge and have the cash to pay up at once. The tax might raise the rate of bank interest, but this would be at least partly offset by the safety and stability afforded business by the state guarantee. Kansas banks are 80 afraid of this state-guaranteed banking system drawing heir money to their neighbor Oklahoma, that they may get a special ession of the legislature to pass such a law for Kansas. You can't legislate courage into finance any more than into an rmy; but legislating away the danger may be a good-looking substiute. Why not try it in Idaho?
Click image to open full size in new tab
FAILURE OF CAPITAL STATE BANK. The failure of the Capital State Bank is to be sincerely regretted by every one. Any failure is to be regretted, but this one particularly so, as it carried a large number of depositors-between three and four thousand-many of them small ones, who had all they possessed in the bank. It had a capital stock of $200,000 and a surplus of $100,000. According to its last statement, December 23, 1907, it had deposits amounting to something over one million dollars and its loans and discounts amounted to about the same amount. Walter S. Bruce, who made a cursory examination of the bank's condition just before its failure and who has been appointed receiver, announces that it is his belief that the bank will be able to pay depositors in full. The reason given for the bank's failure was its inability to realize ready money on its securities to meet the demands made upon it. It had been rumored for some time that the bank was having trouble in calling in its loans, which frightened many of the depositors, who began to quietly withdraw their account. It has been stated that for the past twenty days that the withdrawals had exceeded an average of about $9000 a day. The drain became too great and the directors concluded that it was best to close the doors temporarily in order to protect the interests of the depositors. There is talk of reorganizing the bank, which is to be devoutly hoped, as its officers and directors are among the substantial and progressive citizens of the Capital City. The failure of the bank has had only a slight depressing effect on business. None of the other banks have been affected, although it has had a tendency to tighten up the money market. This, however, it is believed, will be relieved in a few days, when business will resume normal conditions.
Click image to open full size in new tab
BOISE BANKS NOT AFFECTED CAPITAL BANK FAILURE WILL NOT HURT OTHERS Bank Will be Reorganized and it Is Thought Will Pay in Full Within 60 or 90 Days-Other Institutions in City Not Affected. That the failure of the Capital state bank at Boise did not affect other banks in the least, is shown by the following from the Boise Capital News: There is nothing new in the bank situation today, says the News. State Bank Examiner W. S. Chaney arrived this morning and today is making an examination of the books of the Capital State bank. No statement has been prepared and nothing authentic is given out. The impression continues to grow that the bank will be reorganized and will continue in business, all depositors being paid in full. It is even stated that this can be accomplished within 60 to 90 days. Other banks of the city still feel the effects of the suspension of business very slightly. There is no indication of any disposition to make any run on any of the other banks, all of which, however, are strengthening themselves by shipping in large amounts of cash from outside points. All of them are paying cash for all demands and will continue to do so unless the people lose their heads more than they have shown any indication of doing up to this time. Many absurd rumors have been set afloat, but it is needless to say that there is nothing in any of them. It was even rumored at Nampa yesterday that all the banks of Boise had- failed and considerable excitement prevailed there—more even than here where actual conditions were understood. It is stated, however, that H. E. Neal, before leaving for Portland, turned over to the bank property to the value of $200,000, held by him here and in Oregon, to secure the bank against loss from loans for which he had become surety or in which he was more or less personally responsible in a moral sense. This, together with the capital stock and real estate holdings of the bank alone guarantee more than 50 per cent of the deposits, not counting loans equal in amount to the deposits themselves.
Click image to open full size in new tab
CAPITAL STATE BANK'S AFFAIRS. GLOBE PAINT & WALL PAPE 714 IDAHO STREET, BOISE IND. PHONE 551 Those engaged in straightening out the affairs of the Capital State bank continue to remain reticent as to the condition of the do Painting and Paper-Hanging. Estimates Furn W institution. Cashier Neal is reported by his physician as gaining in ished Free. Jobbers and Distributors of strength and the hope is entertained that he will soon be able to assist the receiver in preparing a statement of the actual condition THE SHERWIN-WILLIAMS PAINTS AND VAR of the bank to the depositors in a short time. Many rumors are afloat but when traced down their origin can not be discovered and Estate of John Page, Deceased, SUMMONS. all such should be liberally discounted. Those who ought to have Notice is hereby given by the underIn the District Court of the Third signed executrix of the estate of JOHN knowledge of the affairs of the bank still maintain that depositors WALNUT COLD STORAGE PAGE, deceased, to the creditors of, Judicial District of the State of Idaho, in and for the County of Ada. and all persons having claims against, will be paid in full. 623 Main Street the said deceased to exhibit them, with Philip J. Caron, plaintiff, vs. Samuel It is gratifying to know that the other Boise banks are strengthMcKown and Harry McKown, defendthe necessary vouchers, within ten Be Independent Phone, 210. months after the first publication of this ants, ening themselves and are now in a better condition than ever before. The State of Idaho sends greeting to notice, to the said executrix at her ofThere is no indication of further withdrawals for hoarding purposes, the above named defendants. fice, to-wit: Richards & Haga Law Offices, Room 22, First Natl. Bank, You are hereby required to appear in but on the contrary many of the withdrawals which were made Ch an action brought against you by the Boise, Idaho. IALA PAGE. above named plaintiff in the District during the few "panicky days" are finding their way back to the bank Executrix. Court of the Third Judicial District, Mut vaults. State of Idaho, in and for the County of ALIAS SUMMONS. Ada, and to answer the complaint filed There is no use denying that the failure has had a depressing Pou therein (a copy of which is hereto atIn the Justice's Court of Union Preeffect on business coming as it did before matters had assumed nortached) within twenty days (exclusive cent, County of Ada, State of Idaho. Meal of the day of service) after the service Before J. H. Wood, Justice of the mal conditions after the fall panic. However business is gradually on you of this summons, if served within Peace. Sausa this district; or if served out of this improving and it is believed that as soon as the people receive asPocatello Mercantile Co., Ltd., Plaindistrict, within forty days. The said actiff, vs. T. T. Thurman, Defendant. surances that the bank will pay in full it will be up to former protion is brought to quiet plaintiff's title The State of Idaho, to T. T. Thurman, to Lots 3 and 4, of Block 10, in City Defendant: portions. Real estate men are especially looking forward to greater Park Subdivision, Ada County, Idaho, You are hereby summoned to appear activity in real estate in the early spring. They believe that the peothat defendants set forth the nature of before me, at my office in Star, in the Pure ple will look to real estate for investments rather than deposit their their claims to said property, and that County of Ada, on the 28th day of FebLard, 10 all adverse claims of defendants be demoney in the banks. Already they claim that there are many inquirruary, 1908, at 10 o'clock a. m., in an 5 poun termined by the court, that the defendaction brought against you by said plainies for city and interurban property which will move as soon as the ants be decreed to have no right or estiff to answer the complaint of the above pounds money market settles and the people have time to consider matters. tate in and to said premises, and that named plaintiff. Said action is brought plaintiff's title be declared good and valto recover from you the sum of seventyReal estate dealers are pretty shrewd forecasters and when they anid; that defendants be forever barred three dollars and twenty-five cents ticipate a return of good times it is pretty sure to follow. and enjoined from asserting any claim ($73.25) for goods, wares and merchanDr.
Click image to open full size in new tab
CAPITAL STATE BANK TO RE-OPEN Man Nearly Killed While Raking His Yard by Explosion of Dynamite. LUNATIC IS RECAPTURED. Big Conference Event of Week-President Nephi Pratt Attends and DeHyers Addresses-Other News. Special Correspondence OISE Ida., March G.-A plan is now on foot to reorganize the Capital State bank. which was B compelled to close its doors in this city Jan. 21. As a result of several meetings of the stockholders the first of the week an option of 30 days was given John W. Eagleson in which to secure money to continue the business of the bank. If the plan carries the bank will resume under the same name, and not as a national bank, as was first reported. Mr. Eagleson has left for the east with papers showing the status of the bank's affairs and the option given him by the stockholders. He claims to have $200,000 at his disposal and more if he needs it, supplied by parties in the east, to open the bank by March 21. This will do away with the receiver and fully secure all depositors. SERIOUS ACCIDENT. Henry Hartley of Caldwell barely escaped death last Tuesday by the explosion of a stick of dynamite. He was engaged in raking up the leaves in his yard and burning them when a terrific explosion occurred in the fire, presumably from a stick of dynamite, which dashed Hartley to the ground and inflleted severe wounds upon his body, especially on his head and neck. It was thought for a time that he could not live and that his eyes were blown out, but hopes are now entertained for his recovery and his eyes are found to be intact. It is not known how the dynamite got into the man's yard. Mr. Hartley is a young man and has always been a resident of Caldwell. LUNATIC RECAPTURED. W. R. Wheaten, who escaped from the Blackfoot insane asylum on the second of March, and who has been causing the officers considerable trouble in running him down, was finally captured on Tuesday at the home of a friend. living on a ranch a few miles out of this city. He had made his way on foot from the asylum to the place where found. A peculiar feature of the case is that the man in whose house the escape was found made a hold attempt to deceive the officers and conceal the insane man, who, by the way, is a very dangerous person in his present mental condition. His own breast is riddled with bullet holes into which he fired shots with his own hand. When the Insane man was found he was wrapped tightly in a quilt lying under a bed. CHARGED WITH FORGERY. Charles Burgess, a laborer of this city, was arraigned before the pustice of the peace on a charge of forgery, the fore part of the week. The case against him is the forging of the name of D. W. Ross of Boise to a check of $31.50. which he presented to a local hardware company in payment for a revolver. In default of ball Burgess 18 now residing in the county jail. STATE LAND SALE. The state land board has decided upon a sale of state lands. to be held at the courthouse at Twin Falls, April 3. at 10 o'clock, when 5.000 acres under the Twin Falls canal will as offered, the appraisment ranging from $10 to $55 per acre. The terms of the sale will be one-tenth of the purchase price on day of sale. together with interest for the first year at the rate of 6 per cent, the balance to be pain in 18 annual installments. No lands will be sold for less than the appraised valuation COURT MARTIAL OPENS. In the case of Captain Clarke D. Dudley, charged with conduct prejudical to good order and military discipline while in command of the post in the spring of 1907. court martial proceedings commenced yesterday at the Boise barracks, in which a number of officers from outside the state are participating. There are six specific charges against Captain Dudley, NEAL CONVALESCENT. H. E. Neal, cashier of the suspended Capital State bank of this city, who has been confined at the St. Luke's hospital for some weeks past, is now reported as being in much improved condition and has been removed to his home. L. D. S. CONFERENCE. Last Sunday was the occasion of a conference in this city of the Latterday Saints, at their comfortable little chapel on Jefferson street. President Nephi Pratt of the Northwestern States mission was in attendance, and addresses were delivered by him during the two sessions of the conference The other speakers were Heber Q. Hale, E. J. Merrill, P. W Madsen and W H. Kennington The last named was honorably released from his labors as a missionary to return to his home in Wyoming. In giving his report of the affairs of the Boise
Click image to open full size in new tab
The financial cloud which has for so long hung over the Capital State bank is clearing away and it is now believed the doors of the institution will shortly be reopened. It is said that eastern bankers will furnish $300,000 cash and in return will receive 20 ner cent of the capitalization of the bank. Most of the stockholders have agreed to the terms. It remains to secure an agreement from the depositors not to make a run on the bank as soon as it is opened to accept their deposits in installments. It is hoped to open the bank by April 1.
Click image to open full size in new tab
OPEN THE CAPITAL STATE BANK It is the practically unanimous opinion of the businesmen of Boise that the reopening of the Capital State Bank for business is the most important matter now before the citizens of Boise. The plan agreed upon has received the solid support of the directors and stockholders and throws all the burden of reorganization upon them. The depositors are to receive dollar for dollar, the claims all being properly certified and made transferable, thus guaranteeing them entering at once into the active business channels of the city. The plan is the same as that which was adopted in Portland, Oregon, in the reopening of the Merchant's National Bank, which suspended last fall. The Merchants's has been reopened for several months and has already resumed its former position as one of the most popular banks of Oregon's metropolis, and its time certificates are passing at par in the current chnnnel of trade, making the funds of depositors as available as though there had been no suspension. The agreement, which depositors are asked to sign in the matter of the Capital State Bank are even more liberal than those given in the case of the Merchant's National, and guarantee the depositors all their money with interest within 18 months, and make liberal per 1 centages available in good installments every three months. It is t understood that the parties financing the proposition will place $300,1 000 at once in the vaults of the bank, which with the more than O $100,000 already collected in by the receiver and with immediate ii available accounts will bring the total cash on hand to approximatea ly half a million of dollars, certainly a sum sufficient to assure the tl permanent success of the institution and guarantee the fatihful dist1 charge of every obligation. P We have not met a businessman who has not endorsed the plan for tr opening the bank, and such men as M. Alexander, W. E. Pierce and 01 A. E. Carlson, the latter speaking as President and for the Commercial Club have given the subject the investigation it deserves and do W not hesitate to advise the depositors to sign the agreements by which sh the bank can be reopened and all guaranteed against loss. of If you are a depositor do not wait to be urged but go at once to di the bank and sign the agreement. The sooner you act the earlier the tic bank will reopen. all
Click image to open full size in new tab
There is nothing more expensive than receiverships for banks and the closing up of a bank's business. In the case of the Knickerbocker Trust Company of New York, for the five months which the bank was closed the expense for clerical help, rents and general expenses was an even $100,000, while the three receivers receivd $75,000 each and the attorney $75,000, making a grand total of $400,000. If the banks had not been reopened by an extension of time granted by the depositors and by financial assistance obtained by the stockholders all its assets would have been eaten up by these extraordinary expenses. There is surely food for thought here by thes depositors in the Capital State Bank. The director and the stockholders have done their share and have obtained the necessary financial backing and all that is needed now for the bank to resume business is for the depositors to sign the agreements that will insure the bank against a run upon the opening of its doors. If you have not already done so and are a depositor sign the agreement. Don't delay and thereby incur unnecessary expense.
Click image to open full size in new tab
BOISE CAPITAL BANK TO REOPEN MAY 28 Boise, Ida., May IL-Judge Wood in the district court today, accepted plans proposed for the re-organization of the Capital State bank, which suspended last January, and fixed May 28 as the date for reopening of that institution. The bank has more than a million in deposits.
Click image to open full size in new tab
Judge Fremont Wood has given his official approval to the re-oening of the Capital State Bank and has been at all times keeping a keen eye upon its condition since it failed. Now if he will keep the expense of the receivership down to a reasonable figure he will be entitled to the gratitude of the people.
Click image to open full size in new tab
# MR. CHANEY MAKES DENIAL. Special Correspondence. Boise, Ida., Oct. 29.-W. S. Chaney, bank examiner, has issued a formal statement addressed to Hon. M. Alexander, Democratic candidate for governor of Idaho, stating that his attention has been called to the charges made by Mr. Alexander to the effect that the Capitol State Bank of Boise had been examined by Mr. Chaney 60 days before Its suspension. Mr Chaney makes emphatic denial of this and states that he never examined the bank at any time before its suspension. He states that he took office on June 1, 1907, and found that the Capitol State bank was the last bank examined by his predecessor, Mr. Loveland.
Click image to open full size in new tab
NEWS AROUND THE STATE Items From Various Places Reproduced for the Benefit of our Readers-Stories Rehashed from Our Exchanges. One field of 15 acres of oats near Nampa has made a record yield of 1080 bushels. The University of Idaho expects to open the new year with 700 students and a faculty of 60 teachers. It is estimated that fully 75 carloads of cantaloupes will be shipped from the Lewiston country this fall. A Masonic temple will be erected at Coeur d'Alene to cost $30,000. A local company will supply the capital. The state board of equalization has raised the assessed value of sheep from $2.25 to $2.50 per head, adding $381,250 to the valuation of the total. 5 Wallace citizens are agitating the building of a crematory for the purpose of getting rid of the refuse which heretofore has been dumped in Lake gulch. The assessed valuation of the patented lands in the 23 counties of Idaho, as reported for 1909, show a gain of $2,250,000 over the equalized values for 1908. The receiver of the defunct Capital State bank, of Boise, has just paid back $24,434 to the state, which was deposited there in the collection account at the time of the failure. The citizens of Asotin are favoring the voting of a $35,000 bond to put in a good water system there. The recent disasterous fire there is responsible for the action about to be taken. The livestock sanitary board reports the destruction of 24,379 predatory animals since January 1, 1908. Of this number 23,290 were coyotes, 1,566 wild cats, 56 lynx, 61 wolves, 6 mountain lions. While digging in his orchard A. H. Smith, of Juliaetta, discovered a vein of gold running about $15 to the ton. Mr. Smith has ordered a machine to separate the gold from the ore and has hired a crew to develop the find.
Click image to open full size in new tab
INTERESTING ce STATE NEWS E of What People are Doing in Other Parts of Idaho : Amesie A. Croney, a 16-year-old boy of Basalt, had his right arm ald most torn off by the accidental discharge of a shotgun. d George D. Stafford, a farmer near Caldwell, recently threshed a field of twelve acres of wheat, which averaged 71 bushels to the acre. g In order to call an election for the adoption of what is known as "The Good Roads Bill," it is necessary to have petition with at least ten names from each road district. The depositors of the defunct Capital State bank of Boise will receive settlement of their claims in full on or before January 1g 1910, according to a statement made by the receiver. Milt Wilkinson, the merchant at Indian Valley, is the first victim of the Sunday rest law in that county, having been convicted of keeping his store open on Sunday and fined $25 and costs. Boise Odd Fellow: and lodge members of this state are planning to charter a special train to carry delegates and visitors to the session of the sovereign grand lodge in Seattle, September 20-25. Carrying twenty-five passengers, the steamship Seattle turned turtle when 300 feet from her dock at Coeur d'Alene. So far as known no lives were lost. Shifting cargo was the cause of the accident. Mrs. Mary Remington, 53 years f old the wife of D. D. Remington of Meridian, was instantly killed by an th Interurban train at Tuwila,12 miles e south of Seattle, She was struck as of she was crossing the track in front d of the train. The cheering news has been received iu Wendell that the Idaho Southern railroad will be extended at in once from Jerome to Milner, and a probably through to Okley. The K road is completed from Gooding to th Jerome at present. a ed Hon. Edgar Wilson, of Boise, cb was operated on in Portland nearly I a month ago, is not improving as his wil physicians woldu like. Mr. Wilson m represented Idaho twice in congress, le first as a Republican and again as a silver Republican. plan Reports from Wallace are that the Snowstorm Mining company, operating in that district, has found a plan to drive its tunnel through the 80foot vein of soft rock, talc and mud fro which has given the miners so much no trouble in tunnel No. 4. cu