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Two Bank Failures. FRANKLIN, Ohio, February 5.-The First National bank suspended today. Capital $100,000, surplus $20,000, undivided profits $30,000, deposits $135,000 loans and discounts $195,000. GREAT FALLS, Mont., February 5.The North western National bank of Great Falls was placed in the hands of receivers this morning.
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Mont., stating that because of a certain action of the cashier they had t ken pessession and asking for instructions. The comptroller directed the receiver in the vicinity to take charge temporarily until the national bank examiner could reach there. GREAT FALLS, Mont., Feb, 5.-The Northwestern National-bank [failed to open toury. The failure is exid to be due to delarcation.
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Bank Failures. FRANKLIN, Ohio, Feb. 5.-The First National Bank has suspended. Capital, $100,000; surplus, $20,000; undivided profits, $30,000; deposits, $135,000; loans and discounts, $195,000. GREAT FALLS, Montana, Feb. 5.The Northwestern National Bank of Great Falls was placed in the hands of a receiver this morning.
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MONTANA BANK SUSPENDS. Defalcation of About TwentyA Seven Thousand Dollars. GREAT FALLS, MONT., February 5.-The Northwestern National Bank, of this city, failed tq open its doors this morning, and it is said that the directors have discovered a defalcation of about $27,000. The cashier is R. D. Hatcher. The Northwestern had a capital of $250.000, and an advertised surplus of $50,000. Thomas Couch, G. M. Hyams, Frank Kleptko. and other prominent stockholders in the Boston and Montana and Butte and Boston Mining companies are members of the Board of Directors of the bank, and W. G. Conrad, a Great
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CASHIER DEFAULTS. He Drew Heavily on the Bank and Caused Suspension. Great Falls, Mont., Feb. 6. - The Northwestern National bank of this city has failed to open its doors. The failure is said to be due to a defalcation by the cashier. The directors learned of the shortage, took possession and asked the controller for instructions. He directed a receiver in the vicinity to take charge temporarily until the national bank examiner could reach here. The directors discovered that Cashier Hatcher had drawn $180,000 from its Boston correspondent, the Globe National bank, and used it in the purchase of bank stock.
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WRECKED BY THE CASHIER. Northwestern National Rank of Great Falls, Montana, Closed. GREAT FALLS, Mont., Feb. 6.-The Northwestern National Bank, one of the oldest institutions in the state, has suspended. The board of directors and officers charge that the trouble is due to a defalcation on the part of Cashier Benon D. Hatcher. of $180,000.
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CASHIER DEFAULTS. He Drew Heavily on the Bank and Caused Suspension. Great Falls, Mont., Feb. 7. --- The Northwestern National bank of this city has failed to open its doors. The failure is said to be due to a defalcation by the cashier. The directors learned of the shortage, took possession and asked the controller for instructions. He directed a receiver in the vicinity to take charge temporarily until the national bank examiner could reach here. The directors discovered that Cashier Hatcher had drawn $180,000 from its Boston correspondent. the Globe National bank, and used it in the purchase of bank stock.
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Two More Failures. Franklin, Ohio, Feb. 5.-The First National bank has suspended. Capital $100,000, surplus $20,000, undivided profits $30,000, deposits $185,000, loans and discounts $195,000. Great Falls, Mont., Feb. 5. - The Northwestern National Bank of Great Falls was placed in the hands of A receiver this morning.
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Bank Cashier Goes Wrong. Great Falls, Mont., Feb. 6. - The Northwestern National bank, one of the oldest institutions in the state, posted a notice announcing its suspension yesterday morning. The board of directors and officers charge that the trouble is due to a defalcation on the part of Cashier Benton D Hatcher, of $180,000. The comptroller of the currency has wired Louis G. Phelps to take temporary charge of the bank, pending the arrival of the bank examiner.
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Banks and Business Failures. The following banks and business firms have failed since the last issue of this paper: The Northwestern National bank of Great Falls, Montana. It was one of the oldest institutions in the state. The shortage of the cashier is $180,000. The -confiding depositors have the bag to hold. The cashier of the First National bank of Bethlehem, Pa., absconded with $150,000 and left the bank with nothing to do but close its doors and the depositors to bemoan the confidence they had given it. The First National of Franklin, Ind., has also closed its doors. The depositors are going through the same experience. The Duck River Phosphate Co., of Tennessee, assigned Saturday. The Southern Mutual Building and Loan Association of Atlanta was placed in the hands of a receiver Saturday. Thomas Doherty, tea merchant of Montreal, Canada, assigned. Brown and Pillars, of Orlando, grocers, made an assignment Monday. The State Savings bank, of Atlanta, of which Captain H. C. Wright, of this city, was recently elected president, is in the hands of a receiver.
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The Northwestern National bank, of Great Falls, Mont., one of the oldest institutions in the State, posted a notice announcing its suspension last Monday morning. The board of directors and officers charge that the trouble is due to a defalcation on the part of the cashier, Benton D. Hatcher, of $180,000.
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Benton D. Hatcher, cashier of the suspended Northwestern National bank of Great Falls, was arrested last week charged with misapplying the funds and credits of the bank in a sum amounting to $90,000. He was released on $5,000 bonds. Slow progress is being made in straightening out theaffairs of the bank and depositors are becoming anxious.
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To Pas " Goodly Dividend. Great Falls. Mont., March 11 - There are now on hand in the Northwestern National bank some $135,000. the ITsult of collections since the failure A receiver will probably be mained sooso. when it dividend of 20 or will be paid.
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WILL PAY DEPOSITORS IN FULL. Great Falls Bank Trouble Satisfactorily Arranged. HELENA, Mont., March %-A. B. Brown, special representative of Comptroller Eckels, who came from Washington to endeavor to adjust the affairs of the suspended Northwestern National bank at Great Falls stated that the bank would reopen or liquidate without the services of a receiver. He held a meeting here tonight with the Conrad brothers, who sold out their holdings in the bank shortly before It closed, and an agreement was reached by which the Conrads will take back their stock, amounting to over $100,000, thereby insuring the payment of every depositor in full.
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Bank Cashier Arrested. Great Falls, Mont., April 20.-B. D. Hatcher, cashier of the suspended Northwestern National bank. has been arrested on a third charge. The complaint alleges that on Dec. 17 he certified to Controller Eckels that the bank had on deposit in the Glo'e Nahen tional Bank of Boston $155,000 in fact its account was ON n several thousand. He furni is 000 bail.
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The announcement made by the Conrad Bros., in the Great Falls Tribune that they Bฮe ready to take up the remaining amounts due on the receivers certificates of the suspended Northwestern National bank and pay the depositors in full is cheering news for Great Falls.
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A Petition Filed. Great Falls, April 26.-This afternoon James T. Stanford, as receiver of the Northwestern National bank, filed a petition in the district court asking for permission to sell certain property held
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All But Five Per Cent. Great Falls, June 1.-The checks for the last authorized dividend to the creditors of the Northwestern National bank arrived this morning, and were distributed to-day to the various claimants by the receiver, James T. Stanford. Only five per cent of the bank's indebtedness now remains unpaid.
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Permission Granted. Great Falls, Aug. 13.-An order was issued in the district court this afternoon granting permission to James T. Stanford, as receiver of the Northwestern National bank, to sell for $800, 120 acres of land located in township 18, north of range 8 east, the sale having been previously approved by the comptroller of the currency.
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The defunct Northwestern National bank of Great Falls has made an enviable record by paying its depositors 100 cents on the dollar. James T. Stanford has been receiver for the concern, and his success in closing the bank's business has been remarkable.
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Two Characteristic Incidents in the Career of W. G. Conrad. ditorial in the Great Falls (From "Progressive Men of the State of Montana," by A. W. Bowen.) of May 31, 1908.) In addition to his cattle enterprises, oteworthy incident in the Mr. Conrad engaged in banking, tory of Mr. Conrad is not founding the First National Bank, of Fort Benton, of which he was presinown. In the early days dent during its existence. After some as made to commit the years of successful operation at Fort subsidy for a railread Benton this bank was removed to build into Montana. A Great Falls and the named changed It subsidy bonds to the to the Northwestern National bank, of which he and his brother were sole reillion and a half dollars, owners. In 1894 they sold the Boston bill exempting its propand Montana people one-fifth of this taxation for twenty-one stock and, at their request, R. 11. completion of the road, Hatcher was made cashier and acted fixed for such completion, as their representative. In December, 1896, Hatcher bought the balance of with good prospects the Conrad brother's stock for the Bosthe territorial legislature. ton and Montana people. Two months opposition to railroads later the bank was closed, and the was far from popular, people of Northern Montana well know what then happened. It takes over were ready to grant twenty years to grow men, and as to get a railroad. It was many more to try them to see if they are men. When the wires flashed the Mr. Conrad's far-sighted news to W. G. Convad, then at White dgment asserted itself In Post, Va., the Fumediate message that came back WESLTH want every deposof the people, and he led itor paid in full." in this telegram he aimst the grasping railroad also asked Janies T. Stanford to act as receiver. Mr. Conrad went to Washto mortgage the future of ington, had Stanford appointed, and territory, making the monot only the people of Montana, but feated the measures. When all the bankers of the United States, know how well and quickly the deposthat the proposed subitera got their money. When asked with interest would now why he did this, Mr. Conrad replied: about $13,900,000 and that "The people deposited their money in from taxation for twen account of my connection with this