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Run on a Bank. Moscow, Idaho, April 24.-A run on the First National bank of Moscow was started as a resutl of the closing of Gilbert Brothers' bank at Salem, and for a time it looked as if a panic was at hand. The run was checked when A. N. Bush, of Salem, Oregon, one of the heavy stockholders of the bank, wired that he would reach Mos. cow to-day with ample funds to pay off all depositors in full.
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A RUN AVERTED. It Seemed for a Time as if a Panic Would Ensue at Moscow.' Moscow, Idaho, April 24.-A run on the First National bank at Moscow, was started as the result of the closing of Gilbent Brothers' bank ait Salem, and for a time it looked as if a panlic was at hand. The run was checked when A. N. Bush of Salem, Oregon, one of the heavy stockholders of the bank, wired he would reach Moscow today with ample funds to pay all depositors in full.
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RUN ON THE BANK. Checked by the Business Men, Who Influenced Depositors. Portland, Ore., April 24.-A special to the Oregonian from Moscow, says: A run on the First National bank of Moscow was started as the result of the closing of the Gilbert Brothers bank in Salem and for a time it looked as though a panic was at hand. A meeting of business men was called and a resolution was adopted expressing the confidence of the community in the bank and a committee was appointed to work with depositors and influence them to leave deposits untouched. By 10 o'clock the run was checked. A dispatch was received from A. N. Buch of Salem, Ore., one of the heavy stockholders in the bank, announcing that he would reach Moscow to-day with ample funds to pay off all depositors in full.
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Run on a Bank Checked. Portland, Ore., April 24.-A special to the Oregonian from Moscow, Idaho, says: A run on the First National bank of Moscow was started yesterday morning as the result of the closing of the Gilbert Bros, bank at Salem, and for a time it looked as if a panic was at hand. A meeting of business men was called and a resolution was adopted expressing the confidence of the community in the bank, and a committee was appointed to work with depositors and influence them to leave deposits untouched. By 10 o'clock the run had been checked.
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RUN ON BANK Checked Through Prompt Action of Business Men. Portland, Ore,, April 24-A special to the Oregonian from Moscow, Idaho, says: A run on the First National bank of Moscow was started yesterday as the result of the closing of Gilbert Bros. bank in Salem, and for is. time it looked as if a panic was at hand. A meeting of the business men was called and a resolution was adopted expressing the confiednce of the community in the bank, and a committee was appointed to work with depositors and influence them to leave deposits untouched. By 10 o'clock the run had been checked. A dispatch was received from A. N. Bush of Salem, Ore., one of the heavy stockholders in the bank, announcing that he would reach Moseow today with ample funds to pay off all depositors in full.
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Idaho Bank Run Checked. Moscow. Ida.. April 24.-A run on the First National Bank of Moscow started as the result of the closing of Gilbert Bros. bank, in Salem. and for a time a panic was feared. A meeting of business men was called. A resolution was adopted expressing the confidence of the community in the bank. and a committee was appointed to work with depositors and influence them to leave their deposits untouched. By 10 o'clock the run had been checked.
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MORE BANK TROUBLES.--A bank of Gilbert Bros., at Salem, Oregon, is the second failure within a week, that has occurred to disturb the financial equilibrium of the far west. It failed to open up for business Tuesday morning and a notice was posted stating that it was caused by pending litigation. The deposits aggregate $125,000, and the amount on hand Monday at closing, is said to have been about $1000. A touching feature of the failure is that the school children had about $1,500 deposited with the bank. A run on the First National Bank, at Moscow, Idaho, was started Tuesday morning, but a meeting of business men was held, and about 10 o'clock the run had been checked, and it is thought that it will pass the breakers in safety.
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DOMESTIC. The State Bank Examiner of Georcia reports forty more banks in the State than on September 5 last, a total of 177. Short in his accounts $1000, Assistnut Postmaster C. H. Drexel, at Tarpon Springs, Fla.. was arrested. Arriving at San Francisco, Cal. from China. Minister E. H. Conger said the missionaries were not responsible for the recent troubles. A run on the First National Bank, of Moscow. Idaho, was checked by a union of business men. Virgil P. McMaster, of Nineveb. N. Y., an executor of the estate of Jane Bush. of Colesville, was arrested for misusing $23,000 of the estate funds. With the greatest crops in the history of the Territory in readiness for barvesters. Arizona ranchers cannot find enough men to do the work. A bill was passed by the Lower House of the Illinois Legislature prohibiting the sale. giving away or bringing into the Sta of cigarettes. Robbers who blew open the vault of the First National Bank at Wiscasset, Me. secured nothing. The last sale of a new York Stock Exchange seat made a record price-$82,000. Shirt waists were officially denied New York firemen. By "tips" from James J. Hill. former Senator Pettigrew. of South Dakota, is said to have cleared $250,000 on stocks. The schooner Samuel Ricker was run down and sunk off Comfield. Conn., by the Fall River steamer Pilgrim. Captain Allen, of the schooner, being drowned. The traffic season at Nome, Alaska, has opened. A stucco trust is proposed In the West. Charles C. Stockley, aged eighty-two years. former Governor of Delaware, died at Georgetown, Del. Tom Lee. a Chinese merchant. applied for police protection at New York City, saying his life was threatened by Highbinders. Ohio, Indiana and Illinois, through their Attorneys-Ceneral formed a friendly alliance to eradicate fraudutent insurance companies. By means of a breeches buty the crew of the life saving station at Chadwick, N. J., rescued Captain Mc. Keller and his crew of seven men from the stranded schooner Mola. The transport Garonne arrived at San Francisco, Cal. from Manila, having on board the Twenty-sixth Regiment and the unusual number of Bixty-four stowaways. In a jealous rage John H. Gorman. foreman of a copper mine, shot and killed George McCarthy, at Milton, Cal., and then biew himself to pieces with giant powder.
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DOMESTIC. The mysterious disappearance of Frederick Kinney at Salina, Kan., caused the arrest of Henry Freeman, charged with his murder. Richard Murphy, son of former United States Senator Edward Murphy, eloped with Miss Elizabeth W. McConihe, of Troy, N. Y., and was married to her. Margaret Butler, mother of Congressman Thomas S. Butler and widow of State Treasurer Thomas Butler, died at Westchester, Penn., aged sixtynine years. The anniversary of the destruction of the Government transport Sultana was celebrated at Knoxville, Tenn., by 300 of the survivors of the disaster. Andrew Carnegie's $5,200,000 library gift to New York City can be accepted under a bill which Governor Odell signed at Albany, N. Y. Electric power was successfully transmitted 140 miles to a suburb of San Francisco, Cal., the longest distance it has ever been successfully carried. The State Bank Examiner of Georgia reports forty more banks in the State than on September 5 last, a total of 177. Short in his accounts $1000, Assistant Postmaster C. H. Drexel, at Tarpon Springs, Fla., was arrested. Arriving at San Francisco, Cal., from China, Minister E. 'H. Conger said the missionaries were not responsible for :he recent troubles. A run on the First National Bank, of Moscow. Idaho, was checked by a anion of business men. Virgil P. McMaster. of Nineveh. N. Y., an executor of the estate of Jane Bush, of Colesville, was arrested for misusing $23,000 of the estate funds. With the greatest crops in the hisory of the Territory in readiness for harvesters. Arizona ranchers cannot ind enough men to do the work. A bill was passed by the Lower House of the Illinois Legislature prohibiting the sale, giving away or bringng into the Sta of cigarettes. Robbers who blew open the vault of the First National Bank at Wiscasset, Me., secured nothing. The last sale of a new York Stock Exchange seat made a record price$62,000. Shirt waists were officially denied New York firemen. By "tips" from James J. Hill, former Senator Pettigrew, of South Dakota, Is said to have cleared $250,000 on stocks. The schooner Samuel Ricker was 'un down and sunk off Comfield. Conn., by the Fall River steamer Pilgrim, Captain Allen, of the schooner, being drowned.
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IDAHO. Levi Brown may build a fruit drier in the Kendrick district. The Bank of Commerce opened its doors for business at Wallace last week. The board of pardons has pardoned Charles E. Ambs, sentenced to one year for burglary, from Ada county. Lon Mitchell has sold his farm of 158 acres, near Weiser, to L. Herrington, who recently arrived from Kansas. W. L. Kimmel, formerly of Grangeville, is about to put in an electric light plant at Kendrick, using the surplus power from the Kendrick grist mill. As the roads over the mountains improve, Cul de Sac will present a livelier appearance. Grain hauling has begun, and lumber and wood is coming into town. The First National Bank of Moscow had a run on the bank last week and came through the ordeal with flying colors. The Oregon bank trouble was responsible. Last week L. H. King, from Vinson's granite quarry, received injuries by a derrick falling upon him. His nose was broken and there were bad bruises about his head and shoulders. His injuries, though severe, are not dangerous. William Mohl, deputy horticultural inspector for / the Lewiston district, an-
All Idaho of Banks Closed The proclamation of President Roosevelt automatically closed the doors of every banking institution in Idaho. The news was received in Boise first by The Statesman about o'clock. Earlier in the day the twelfth district federal reserve bank sued an order calling holiday Monday for all members of the federal system in Idaho and other western states. The First National Bank of Idaho in Boise and the eight banks formerly with to observe the holiday, according an official were all other member banks in the state.
ASK DEPOSITORS TO GIVE O. K. TO REOPENING Reopening of the Old National Bank and Union Trust com pany will be submitted for approval of depositors Friday in letters outlining in detail the plans for reorganization approved by the comptroller of the United States treasury and directors of the Reconstruction Finance corporation. Copies will be mailed to each of the more than 18,000 depositors, A W. Witherspoon, conservator, announced today. The bank is expected to reopen with between $7,000,000 and $8,000,000 of deposits This will include 40 per cent of deposits at the time the bank suspended, plus public funds and special trust accounts now on deposit. Twelve affiliated Inland Empire country banks will reopen with the Old National The country banks, which will reopen on a 100 per cent basis, include: Open Country Banks. Creston State bank, Harrington State bank, First National bank of Medical Lake, First National bank of Moscow. Idaho, Security National bank of Palouse, Prosser State bank, First National bank of Reardan First National bank of Ritzville, State bank of Spangle. Bank of Spirit Lake, Idaho, First National bank in Sprague and First State bank of Washtucna Deposits to be released by the reopening of the country banks amount to about $3,000,000 Mr. Witherspoon and D. W. Twohy. chairman of the board of the Old National. returned just this week from Washington, D. C., where they spent three weeks working out details of the plan and securing approval of officials of the R. C. and the office of the comptroller of the treasury According to the plan. 40 per cent of deposits will be released immediately Certificates of participation in the reserved assets of the bank will be accepted by depositors for the remaining 60 per cent. These certificates will bear Interest at the rate of per and will be liquidated assets of the bank are realized upon after made by the R. C. have been repaid The certificates will be paid off in full. plus interest. before any dividends are paid to holders All of the corporation reserved plus the stock of the Old National and the ated country will be held guarantee of payment of the cer clared today he confident all was depositors eventually will receive 100 per cent of their accounts The will become fective upon of approval the writing by depositors per cent of the gross of provided
BANK REOPENING PLAN DRAWN UP FOR DEPOSITORS Reopening of the Old National Bank Trust will submitted for of deposiFriday outlining the plan for reorganization approved by the comptroller the United States treasury and directors of the Reconstruction Finance corporation. Copies will be mailed to each of the than depositors, A. W. Witherspoon, conservator, announced today. The bank is expected to reopen with between $7,000,000 and $8,000.000 of deposits. This will include 40 per cent of deposits at the time the bank suspended, plus public funds and special trust accoutns now on deposit. Twelve affiliated Inland Empire banks will the Old National The country banks, which will reopen on 100 per cent basis, include: Open Country Banks. Creston State bank, Harrington State bank, First National bank of Medical First National bank Moscow. Idaho, Security National Palouse, Prosser State bank, First National Reardan, First National Ritzville, State bank Spangle, Bank Spirit Lake, Idaho National Sprague and First State bank of Washtucna Deposits be released by the reopening the country banks amount to Mr. Witherspoon and W. Twohy, chairman the board of the Old National, returned just this week from Washington D. where they spent three weeks working out details of the plan and approval of officials of the and the office of the comptroller of the According to the plan, 40 per cent deposits will be released immediately. Certificates of participation in the reserved assets of the bank will be accepted by depositors the remaining 60 per These certificates will interest at the rate of per cent. and will be liquidated assets of the bank are realized upon after loans made by the repaid. The certificates will be paid off in full, plus interest, before any are paid stockholders the corporation. All plus the stock of the Old National and the affillated country banks, will be held as guarantee of the certificates and Mr. Witherspoon declared he confident all depositors eventually will receive 100 per cent of their The reorganization will become effective immediately upon approval of the plan in writing by representing cent of the gross amount deposits, as provided in the federal banking act of 1933. The date of the will depend upon the promptness with which depositors file consent the plan, Mr. Witherspoon pointed out. Open by September Observers predict the bank will reby September The reorganization has been made by loan of from the corporation as first exclusively the Chronicle Of this amount will be used for the purchase of preferred stock of the Old tional by the Investment and Securiate the bank preferred stock will be put with the security for this portion of the Another 400 will be used meet the obligations the Old tional of the date the recent bank furnish ditional funds for the rehabilitation of bank remaining of the advance chase the Old Na. affiliated now in the conservators operating the state stabilization These assets will purchased by the and Securities