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MONTANA BANK CLOSES. WASHINGTON, July 2.-The First National Bank of Billings, Mon., was closed today by direction of the comptroller of the currency, the bank having been reported by the examiner to be insolvent. W. R. Goodhart has been appointed receiver.
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BILLINGS BANK Closed by Order of the Comptroller of the Currency. Washington, July 2.-The First National bank of Billings, Mont., was closed today by direction of the comptroller of the currency, the bank having been reported by the examiner to be insolvent. R. W. Goodhart has been appointed receiver. On March 29, the last date of the report of the comptroller of the currency, the bank included among its resources $1,383,394 in loans and discounts and $134,403 in cash and cash items. The liabilities included $150,000 in capital stock, $51,618 in surplus and undivided profits and $1,692,425 in deposits.
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Billings Bank Fails. WASHINGTON, July 2. - The First National bank of Billings, Montana, was ordered closed by the comptroller of the currency today. R. W. Goodhart was appointed receiver. At the close of business March 29 the bank's resources were $2,856,000.
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FROM WASHINGTON. Correspondence of Alexandria Gazette] National bank examiner Neal of Boston reported today that George W. Tufts for many years cashier of the Rockport National Bank of Rockport, Mass., was shott in his accoudts to the amount of $10,000. Tufts has already been arrested under the charge of misappropriating the bank's funds. Messages of condolence over the death of minister Gude of Norway who died suddenly at the White Sulphur Springs last night was sent to the Norwegian charge today by acting Secretary of State Wilson with the request that they be forwarded to the Norweigan government. Personal messages also were sent to Madam Gude. No arrangements have yet been made for the funeral of the late minister. The State Department offered its services in this connection and is now waiting for a reply from the Norwegian charge. Rumors of the resignation of Secretary of the Interior Ballinger were revived here today, following the political development in which Taft, Roosevelt and Hughes have played such prominent parts. The expectation that Roosevelt will support Gifford Pinchot and the report that he told Taft that he would do SO have aroused intense interest here. It is said that Roosevelt practically informed Taft that he could not support the administration with Ballinger in it and that as a result Ballinger is apt to return to his law practice in Seattle, after he is "acquitted" in September by the verdict of the congressional committee which investigated the Ballinger-Pinchot controversy. The "summer season" in the departments was ushered in today by closing all the doors of the government workshop S at 12.30 p. m. The government inaugurited the Saturday half holiday some years ago, and now each summer the clerks are given every Saturday afternoon off. The First National Bank of Billings, Mont., was closed today, the bank having been reported by the examiner to be insolvent. R. W. Goodhart was appointed receiver. At the close of business March 29, the date of the last report to the comptroller, the resources of the bank were reported to be $2,156,607.
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BILLINGS BANK FAILS Washington, D. C., July 2.-The First National Bank of Billings. Montana, is closed, the bank having been reported by the examiners as insolvent. R. W. Goodhart was appointed receiver.
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BANKS ARE FORCED TO SUSPEND PAYMENT THE TWO LEADING BILLINGS IN. STITUTIONS COMPELLED TO CLOSE THEIR DOORS. Billings, July 2.-(Special.)-Financial interests and the public in general were given a shock this morning by the posting of notices on the doors of the First National bank of this city to the effect that that institution had suspended payment. Although there is considerable comment about the streets it seems to be the prevailing opinion that the bank will soon open its door and little fear is expressed. As in the time of the recent financial stringency, however, a large number of people are resorting to the postal money order department as indepository. It is understood that National Bank Examiner Goodhart has been going over the records of the Institution for several days and that he Incposed certain conditions which the directors declared could not be met on the spur of the moment and suspension was decided on The First Trust and Savings bank identi. fied with the First National, thought bei to also close its doors for the present. It is hoped, however, that conditions will be so arranged that both banks will be able to resume business.
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The Notice. The following notice appears on the doors of the First National bank: "At a meeting of the board of directors of the First National bank ot Billings it was decided that, "Whereas, the bank finds itself in an insolvent condition: therefore, be it resolved, and is hereby resolved. to suspend payment; and be it resolved
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undivided profits and $1,692,425 in deposits. SUBSIDIARY CONCERN IS CLOSED WITH PARENT BANK BILLINGS, Mont., July 2.-With the closing of the doors today of the First National bank of this city the business of the First Trust and Savings bank of Billings, a subsidiary concern, also was suspended. The latter institution was managed independently of the First National, but the officers of both institutions were the same. The Trustees Savings bank has a capital stock of $100,000 and an unofficial statement places its deposits at $450,000.
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Montana Bank Is Closed. The First National Bank of Billings. Mont., was closed yesterday by direction of the controller of the currency, the bank having been reported by the examiner to be insolvent. R. W. Goodhart has been appointed receiver. March 29, the date of the last report to the controller of the currency, the bank included among its resources $1,383,394 in loans and discounts and $134,403 in cash and cash items. The liabilities included $150,000 in capital stock, $51,618 in surplus and undivided profits and $1,692,429 in deposits.
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TWO MONTANA BANKS SUSPEND Subsidiary Concern at Billings Affected by Closing of First National. Billings, Mont., July 3.-With the closing of the doors yesterday of the First National Bank of this city, the business of the First Trust and Savings Bank of Billings, a subsidiary concern. also suspended. The latter institution was managed independently. but the officers of both institutions were the same men. The Trust and Savings Bank has a capital of $100,000 and an unofficial statement places its deposits at $450,000. The official of the First National Bank are: P. R. Moss, president: L. M. Goodwin, vice-president: Robert N. Newton, cashier; L. B. St. John, assistant cashier. None of the seven other banks of Billings appears affected by the suspension. Officials of the other banks say both suspended institutions will resume soon.
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Montana Bank to Be Reorganized. Advices received by the Comptroller of the Currency yesterday are to the effect that the First National Bank of Billings, Mont., which recently went into the hands of a receiver, is to be reorganized and will soon resume business. The bank failed with liabilities of $150,000. New capital is to be invested in the institution and the receiver advises the comptroller that the bank will open its doors within the next two weeks.
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WESTERN. Denver building permits for June totaled $1,150,000, a record breaking figure for one month. ) Three were killed in an explosion at the Du Pont powder factory near Tacoma, Wash., Thursday. Prospects are reported good for the location at Denver of the 1913 conclave of the Knights Templar. It was estimated that 70,000 persons gathered at City park, Monday night, to see the fireworks exhibition. Ex-Senator W. A. Clark of Montana returned from abroad Thursday and denied that he aspired to the Senate again. Ambrose Donahue, a merchant policeman of Leavenworth, Kans., was shot and killed by a boxcar hobo whom he was endeavoring to arrest. Six persons were killed, twenty or more injured, and a number of buildings destroyed by a powder explosion in a store at Boulder, Jefferson county, twenty-five miles south of Helena, Thursday evening. The First National Bank of Bill. ings, Mont., was closed by direction of the comptroller of the currency, Friday. Succeeding the closing of the First, the First Trust and Savings, a subsidiary concern, suspended also. The meeting of the Trans-Missouri bureau, to have been held in Denver Wednesday has been abandoned. This indicates that the western railroads will make no attempt to adjust western freight rates until a final ruling is had from the Supreme Court on the Kindel case in October. Porter J. McCumber, stalwart, and A. J. Gronna, insurgent, have been nominated in the North Dakota Republican primaries for the United States Senate. In the gubernatorial contest C. A. Johnson the stalwart candidate, has defeated J. A. Buchanan, the insurgent candidate, for the nomination. Manager H. H. Younger of the Palisade (Colo.) Fruit Growers' association has received notice from Traffic Manager Bush of the Colorado Midland of a reduction in freight rates on peaches, pears and apples to $1.25 per 100 pounds. This is the rate in California, and the reduction may have been a result of the passage of a law prohibiting higher charge for a "short" than for a "long" haul. The Rio Grande and the Eastern roads will make the same rate.
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WESTERN. Denver building permits for June totaled $1,150,000, a record breaking fig. ure for one month. Three were killed in an explosion at the Du Pont powder factory near Tacoma, Wash., Thursday. Prospects are reported good for the location at Denver of the 1913 conclave of the Knights Templar. It was estimated that 70,000 persons gathered at City park, Monday night, to see the fireworks exhibition. Ex-Senator W. A. Clark of Montana returned from abroad Thursday and denied that he aspired to the Senate again. Ambrose Donahue, a merchant policeman of Leavenworth, Kans., was shot and killed by a boxcar hobo whom he was endeavoring to arrest. Six persons were killed, twenty or more injured, and a number of buildings destroyed by a powder explosion in a store at Boulder, Jefferson county, twenty-five miles south of Helena, Thursday evening. The First National Bank of Bill. ings, Mont., was closed by direction of currency, the day. comptroller Succeeding of the the closing of Fri- the First, the First Trust and Savings, a subsidiary concern, suspended also. The meeting of the Trans-Missouri bureau, to have been held in Denver Wednesday has been abandoned. This indicates that the western railroads will make no attempt to adjust western freight rates until a final ruling is had from the Supreme Court on the Kindel case in October. Porter J. McCumber, stalwart, and A. J. Gronna, insurgent, have been nominated in the North Dakota Republican primaries for the United States Senate. In the gubernatorial contest C. A. Johnson the stalwart candidate, has defeated J. A. Buchanan, the insurgent candidate, for the nomination. Manager H. H. Younger of the Palisade (Colo.) Fruit Growers' associa: Bush tion Manager has received of notice the Colorado from Traffic Midland of a reduction in freight rates on peaches, pears and apples to $1.25 per ) 100 pounds. This is the rate in California, and the reduction may have been a result of the passage of a law prohibiting higher charge for a "short" than for a "long" haul. The Rio Grande and the Easters roads will make the same rate.
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RECEIVER FOR BILLINGS, MONT. BANK WASHINGTON, Oct. 19.-Philip Tillinghast was appointed by Controller of the Currency Murray permanent receiver of the failed First National Bank at Billings, Mont., with directions to liquidate the bank.
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RECEIVER FOR MONTANA BANK-Washing ton, Oct. 18-The comptroller of the currency today appointed Philip Tillinghast. who has been receiver of 10 national banks. receiver of the First national bank of Billings. Mont. The bank was placed in charge of National Bank Examiner Goodhart as temporary receiver July 2.
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BILLINGS NATIONAL BANK IN RECEIVER'S HANDS WASHINGTON. Oct. 18.-The comptroller of the currency today appointed Philip Tillinghast. who has been receiver of ten national banks, receiver of the First National bank of Billings, Mont. The bank was placed in charge of National Bank Examiner Goodhart as temporary receiver on July 2.
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The Comptroller of the Currency appointed Philip Tillinghast, who has been receiver of ten national banks. receiver of the First National bank of Billings, Mont.
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Washington.-The comptroller of the currency appointed Philip Tillinghast. who has been receiver of ten national banks, receiver of the First National bank of Billings, Mont. The bank was placed in charge of National Bank Examiner Goodhart as temporary receiver on July 2.
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JUDGMENT IS FILED Receiver of First National Bank of Billings Filed Judgment of $9,315.21 Against H. B. Drum. Phillip Tillinghast, receiver of the defunct First National Bank of Billings yesterday filed with Clerk of the District Court W. G. Jarrett at this place a judgment of $9,315.21 against H. B. Drum of Broadview.
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SUIT IN FEDERAL COURT Suit for an accounting was filed in federal court this afternoon by Don Steffa, of San Francisco, majority stockholder in the Minot National bank, against George W. Swords, receiver of the First National bank of Billings, Mont., the First National bank of Rugby, N. D., and the Minot National bank.
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CREDITORS DEFUNCT BANK WANT RECEIVER DISCHARGED After 17 years the creditors of the First National bank of Billings, are petitioning to have the affairs of that bank wound up or the receiver discharged. The bank is said to have been in good financial condition when it suspended 17 years ago, and has paid 100 cents on the dollar. Industrial production shows no cline over the country as a whole, and good crops are reported outside the flood area of the Mississippi.