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Denver Bank Placed in Hands of Examiner DENVER, Aug. 23.—The Interstate Trust company, state bank of Denver, was placed in the hands of a bank examiner this morning following a night session of the directors. No statement of cause of the action will be made until later in the day, it was said. Total resources of the institution as given in the bank statement of June 30 were $2,714,850.41, and deposits at that time $2,438,418.70.
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President of Denver Interstate Trust Bank Announces Suspension DENVER, Aug. 23.—O. J. Clark, president of the Interstate Trust company of Denver, announced early this morning that he will surrender the bank to the state bank commissioner at the opening of business this morning. The bank has deposits of $2,438,418.70, according to its statement of June 30. Mr. Clark refused to make any further statement. The bank's capital stock is $200,000 while surplus and undivided profit, according to the statement, amounted to $76,431.71. Loans and discounts amounted to $1,362,167.90. O. J. Clark is president of the bank; C. B. Perkins is vice-president and C. A. Land is cashier. Dr. I. B. Perkins, widely known Denver surgeon, is chairman of the board of directors. Mr. Clark made the announcement to newspaper men by telephone at 1:15 a. m., following an all night conference of the board of directors of the bank.
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RUN ON BANK IN DENVER STIRS DEPOSITORS DENVER, Aug. 23. (U.P.)—Depositors today stormed the doors of the Interstate Trust Company in protest against the closing of the doors before the regular closing hours at the request of the president. The reason for the closing was not stated. This makes the second state bank which has closed in the last few weeks. It is reported that petitions are being circulated asking the removal of bank examiners on the ground of incompetency. The Redlands Chamber of Commerce has established a citrus bureau with a paid manager.
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Boulder. The power to be tested the Tax when Commission the state are body will be The called abfall upon to equalize valuations. and Weld county, stracts example, of Boulder show great discrepancies that Boulder and for there is a possibility demand that Weld county make civic interests valuation will be increased a corresponding or that decrease. Weld county county's Boulder each other. The In two counties average automo- border over of are appraised on an $100 biles a decrease of nearly the valu$186.67, In Boulder county Irriyear. averages $266.56. ation on county is in Boulder, in Boulder; $101.17; last gated land autos in Weld $34.92 $112.32; dry assessed farming, $11.32 $45.23 in Weld, in Weld, $54.75 in Boulhorses, mules, $46.64 compared $23.47 to range milch in $25.31 in Boulder Boulder. Weld, in Weld; $43.28 in $41.78 der; Boulder; cattle, by the backing $73.67 cows, in Bolstered AssociaClearing score of the large deposits a men, tion . Denver. and Denver prominent business House of Company the or more of and Trust Home Savings wide open. This assurits doors by Frank L. Bishop and Michael vice opinion, as and kept ance was president, given A. McLaughlin, of respectively, the president of the is bank. most of They the rest are hysteria of the banking and apprehen- frater- of sion nity, Interstate that that attended the Trust the Company assignment and and Trust the failure the of the Hibernia Bank The peak Company is passing rapidly. solely on the of the excitement, based of unfounded believed rumors, promiscuous was spreading reached. begun recently Denver.- Work was mile Farmconvert the fifty-four the Denver & to N. M., branch of railroud from ington, Western according to narrow A. by the Denver standard Rio announcement Grande agent Frank gauge, of Wadleigh, Durango to stated general Grande. passenger A report the from road was to into a according to now standard change to be & incorrectly Rio converted that gauge, standard gauge. nar- a It is Wadleigh, and the made to afford Mr. gauge is being from Alamosa to fer of uniform row gauge thereby road eliminating freight trans- from Farmington, live stock and other one gauge to another. the for production Denver.- Colorado Coal during the month the to- of was 5,716,658 for the year to report cording state July state tal of 689,254 to the tons, monthly bringing coal tons, mine ac- in- of James Dalrymnle, The report shows that tons there of spector. of 637,761 a mined There period last the mines has similar coal been an this increase year, year. compared in with were of 11,472 men employed month. the the state during the - Following Colorado of Springs. Sheriff Sam Berkley investiresignation Elsie Suttle murder lack of cofrom the and his charge of a and the gation, the part of Atoperation on office, police District it torney district was and Willis is the Stracham duty district of the sheriff to to aid the the continue attorney's probe of declared attorney's murder that he office occurred in the recently and that which lack of co-operation. knew Fort of Collins.-Fifteen no from the students Colorado retheir here, celved degrees College commence- WedState Agricultural the first regular ever nesday, at of degrees session. in Fort The students' held ment summer and conferring Collins, were at approved the close last pe- of a titions spring for by the degrees State condition Board that of they Agricul- ful- the ture, certain with requirements summer fill session. the Nuckols, during agronCollins.- S. B. States DepartFort with the United stationed at Fort Collins omist of Agriculture, in charge of ment sugar beet for several investigation Washington, years work, where com- has he been ordered to with the determining tariff will be connected for the purpose of beets. mission of growing sugar the Colorado cost Springs.--Friction one side between and Sheriff Berkley on the and District Atthe police Willis department L. Strachan on the other, of torney outstanding development Jorgenson was fifth the day of the Elsie As a result the murder mystery. sheriff is unof Suttle their differences. withdrawn the in a large the derstood to the case, and task of crime to Chief Hugh office. measure of the hunting from have attorney's down the perpetrator D. left Harper Sherand the district it be known that "in- his side job." theory iff Berkley was that let the crime was an the Maintenance crews will of begin Denver. Highway Department road signs in State of 1,500 new anthe erection according to an the near officials The signs, the nearest department. nouncement distances future, made by of giving by of direc- the the towns, Rocky have Mountain Motorists, an tion and been delivered organ-
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FORMER BANKER CONVICTED Once Candidate for Mayor of Denver Found Guilty of Embezzlement. DENVER, Col., April 25.—Frank Newton Briggs, former president of the defunct Interstate Trust company and a candidate for mayor of Denver two years ago, was found guilty of embezzlement by a jury in district court here today. Briggs was found guilty on the second count of an indictment containing eight counts, that of embezzling $1700 received from Isador Amter, a stockholder of the trust company. The court granted a stay of execution for 15 days.