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Two Banks Suspend. SEATTLE, Wash., April 8.-The Couer D'Alene Bank of Wallace and the Bank of Wardner closed their doors yesterday. The suspensions created great excitement in that region and even evoked threats of violence. The Bank of Wallace had about $85,000 deposits and the Bank of Wardner $35,000.
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naslinaton Banks Close. SEATTLE, Wash., April 8.-The Coeur D'Alene bank of Wallace and the Bank of Wardner closed their doors yesterday morning. The suspensions created great excitement and even evoked threats of violence. The Bank of Wallace had a bout $85,000 on deposit and the Bank of Wardner $35,000.
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TWO BANKS CLOSED. Great Excitement Caused in Two Towns in Washington. SEATTLE, Wash., April 8.-The Coeur D'Alene Bank of Wallace and the Bank of Wardner closed their doors yesterday morning. The suspensions created great excitement in that region, and even evoked threats of violence. The banks are owned principally by George B. McCauley and Van B Delashmutt, the latter being a well known financier and mine owner of Portland. The bank of Wallace had about $85,000 on deposit, and the Bank of Wardner $35,000. Shortly after the banks closed announcement was made that Mr. Van Delashmutt had assigned.
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TWO BANKS CLOSE THEIR DOORS. Seattle, Wash., April 8.-The Coeuer d'Alene Bank of Wallace, and the Bank of Wardner closed their doors yesterday morning. The suspensions caused great excitement and even evoked threats of violence. The banks are owned principally by George B. Mc. Auley and Van B. Delashmutt, the latter being a well-known financier and mine-owner of Portland. The Bank of Wallace had about $85,000 on deposit. and the Bank of Wardner $35,000. Shortly after the banks closed the announcement was made that Van B. Delashmutt had assigned. Wallace, Idaho, April 8.-H. B. Fall, cashier and county treasurer, has attached the funds of the Coeur d'Alene Bank to secure the county deposit, about $20,000. The city deposit amounts to about $1,000. The sheriff has taken charge as receiver under the appointment of Judge Holleman.
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Bank Failures Create Assignment. SEATTLE, WASH., April 8.-The Cour'd Alene Bank of Wallace and the Bank of Wardner closed their doors yesterday. Thesuspensions created great excitement in that region and even threats of violence. The banks are owned principally by George B. McAuley and Mr. Van B. Delashmutt, the latter being a well-known financier and mine owner of Portland. The Wallace bank had about $85,000 deposits and the bank of Wardner $35,000. Shortly after the banks closed the announcement was made that Mr. Delashmutthadassigned.
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The Coeur d'Alene Collapse Troubles are trooping upon the Coeur d'Alene country. The disastrous labor strike of last year coupled with the low price of silver, and the suspension of several mines have brought on their wake the inevitable train of business failures and depression. The bank of Wallace suspended on the 7th. The bank was a private concern of which George B. McAuley and Van B. Delashmutt were the principal stockholders. The attorney for the bank stated that it closed its doors to adjust the partnership between Delashmutt and McAuley, and that a receiver will be appointed and the bank continued. It was asserted that there was about $85,000 on deposit and that the funds now remaining in the bank will secure the creditors. The county treasurer is casbier of the bank and has attached the funds to secure the money placed on deposit by the county. The bank of Wardner, which is owned by the same parties, has $35,000 on deposit and is in the same condition as the Wallace bank. The news that the Coeur d'Alene bank of Wallace and the Wardner bank had closed their doors and that Delashmutt had made an assignment for the benefit of his creditorr, created much surprise in Spokane banking circles. There has not been such excitement in the Coeur d'Alene country since the great riots as when the announcement of the failure of the failure of the banks, in which the people had the utmost confidence, was given out.