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TRINIDAD BANX CLOSES DOORS. A Squabble Among the Directors is Cause of Suspension-Assets Exceed Liabilities by $20,000. Trinidad, Colo., June 1.-The American Savings Bank closed its doors this morning. The liabilities are $176, 000 and the assets $196,000. A dispute over the policy of the bank among the directors is the cause of suspension.
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Trinidad Savings Bank Fails TRINIDAD, Colo., June 1. - The American Savings bank closed its doors this morning. The liabilities are $176,000 and the assets $196,000. A dispute over the policy of the bank among the directors is the cause of the suspension.
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Money and Stocks. New York, June 1.-Money on call steady at 2½@3; prime mercantile paper, 3%@41/4; silver, 57%. Closing stocks: Atch., 791/4, pref. 1021/8; N. Y. Cent., 139 7/8 ; Penna. 1341/8; So. Pac., 61%; U. P., 121%; U. P. Pref., 981/4; copper, 801/4; Steel 26½, pref. 921/2. SAVINGS BANK CLOSED. Liabilities $176,000, With Plenty of Assets.-Closed by Dispute. Trinidad, Colo., June 1.-The American Savings bank closed its doors this morning. The liabilities are $175,000, with assets of $196,000. A dispute over the policy of the bank among the directors was the cause of the suspension.
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SAVINGS BANK CLOSED. Big Financial Institution at Trinidad, Colo., Suspends. Trinidad, Colo., June 1.-The American Savings bank closed its doors today. Liabilities, $176,000; assets $96,000.
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Trinidad (Col.) Bank Closed. The American Savings Bank closed its doors at Trinidad, Col., yesterday. Its liabilities are $176,000, assets, $196,000. J. L. Bridge, vice president and cashier, made the following statement: "We have closed our doors and temporarily suspended business for the unfortunate reason that officers of the bank are In dispute to certain questions of policy, which were growing to the point of jeopardizing the bank's interests. I wish to add, however, that our bank is solvent and our depositors will be paid to the full extent of their claims."
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DISSENSION OF OFFICIALS CAUSES BANK TO CLOSE TRINIDAD, Col., June 3.-Theh American Savings Bank closed Its doors today. Its liabilities are $176,000 and assets $196,000. J. L. Bridge, its president and cashier, made the following statement: "We have closed our doors and temporarily suspended business for the unfortunate reason that officers of the bank are in dispute as to certain questions of policy, which were grewing to the point of jeopardizing the bank's interests. I wish to add, however, that our bank is solvent and our depositors will be paid to the full extent of their claims."
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Savings Bank Suspends Business. Trinidad, Col., June 2.-The American Savings bank closed its doors Thursday. Its liabilities are $176,000, assets $196,000.
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Twenty Thousand Missing From Bank A special from Trinidad to yesterday's Denver Times says: William G. Plested, the temporary receiver for the American Savings bank, this morning issued a statement which gives some startling disclosures as to the manner in which the money of the closed institution had been handled. He said that he was not prepared to make any statement other than the one that he was filing in the district court, but did say that about May 26 the directors of the bank began drawing their money out, and at the time of the closing of its doors there was in the bank no money of theirs except a small amount belonging to Miss Lvnch as trustee, and I. Q. Milliken, the teller, drew out $450, later depositing $60. A. F. Hollenbeck, one of the directors, has a little money in the bank. J. L. Bridge's private account is overdrawn about $4,300 and there is besides a note for $2,500, signed by himself and one of his sons. The statement issued by Mr. Plested shows that there are $20,000 in items charged against the bank, which have either not been entered on the books at all or else are not satisfactorily explained. Seventeen thousand dollars of this is reckoned as an asset and is in the hands of the American Investment company, but there is nothing to show what was done with this money, where it went or who the American Investment company is. This company has altogether $37,000 of the bank's money, but the rest is accounted for by collateral.
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SOMETHING WRONG. Trinidad, Colo., June 8.-W. G. Plested, temporary receiver for the defunct American Savings bank, stated today that the investigation up to this time showed a discrepancy of $20,000 which had not been satisfactorily explained to him; also that all officers of the bank except Mary Lynch, the president, withdrew their deposits on May 26. The bank closed its doors June 11.
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STOCKHOLDERS FOREWARNED. Remove Deposits From Bank Six Days Before Failure. Trinidad, Colo., June 9.-W. G. Plested, temporary receiver of the defunct American Savings bank, states that the investigation up to this time shows a discrepancy of $20,000, which has not been satisfactorily explained to him; also that all of the officers of the bank, except Mary Lynch, the president, withdrew their deposits on May 26. The bank closed its doors June 1.
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Cashier is Arrested. W. E. Peters; cashier of the suspended American Savings Bank at Trinidad, Colo., was arrested at midnight charged with receiving money when he knew the bank to be insolvent.
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H. J. Alexander, cashier of the Capital National bank of Denver, arrived in Trinidad and was present at the reading this afternoon of the report of the temporary receiver for the American Savings bank.
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Trinidad, Colo., Aug. 1.-W. J. Tlested, receiver for the American Savings Bank, this morning announced a dividend of 25 per cent in favor of the depositors and the creditors of the institution. The bank went into the hands of a receiver on June 1. It is probable that 60 cents on the dollar will be paid the creditors.
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COLORADO NEWS ITEMS The yellow fever scare has driven a good many Texas people to Cole rado. The convention at Montrose resulted in the formation of a strong good roads organization. A full carload of cherries was shipped from Fort Collins to a Kansas City on the 5th inst. The first dividend of twenty-five per cent. has been paid by the receiver of the defunct American Savings Bank at Trinidad. Daniel Meginnis, an old-timer who mined at Central City in 1861, died of apoplexy at Boulder on the 7th inst., at the age of 75. The Taos Indians who have been at work in the sugar beet fields near Rocky Ford have returned to their home in New Mexico. A severe snowstorm at Cripple Creek on the 7th inst. left the ground covered with two or three inches of snow and hail for several hours. The Denver unions expect to turn out 10,000 strong for the Labor Day parade, which will be witnessed by a large number of the G. A. R. veterans. The new canning factory at Rocky Ford began operations on the 2d inst. It will work for the first three weeks on beans, after which it will tackle the tomato crop. The Colorado Springs Automobile Club has issued a circular announcing that chauffeurs who violate the city ordinance in regard to speed will receive no sympathy or support from the club. Governor McDonald will go to Port. land to attend the exercises on Colorado Day. August 22d. at the Lewis and Clark Exposition. He hopes to see as many Coloradans as possible present. Frank Fielding. aged nineteen, son of Henry Fielding, a well-known cattleman of the Buena Vista district, was dangerously injured by being thrown from his horse on the 2d inst. Both hips were broken. The Weaver artesian well near Florence is reported to be flowing 1,080,000 gallons every twenty-four hours. This well. while being drilled for oil. opened a subterranean water body. There is enough water flowing to irrigate 500 acres of land. Edward T. Hermanns, princiWest Denver pal Prof. of run the by automobile high school, was over an on 1 the 7th inst. and had his left collar bone broken. He was riding his bicycle and in some way got in front of the auto. Judge L. W. Cunningham of the District Court at Colorado Springs will shortly go to Pagosa Springs to hold court for Judge J. L. Russell. There are some criminal cases in Archuleta county which Judge Russell does not want to try himself. Canon City Hot Springs SaniAssociation has with of state a torium The the secretary been with chartered capital stock of $200,000 for the purpose of erecting a sanitorium in Canon City on the lines of the one at Battle Creek, Michigan, and its branches in various parts of the country. The county commissioners of Weld t county have authorized the building of four new roads for the purpose of givt ing the farmers in the localities in t which the roads are located more di8 rect routes in hauling beets to the n sugar factory. Two are near Greeley s and two in the Windsor district. it Extensions and improvements to cost several thousand dollars will be 1made in the Cardenas hotel at Trinir dad, owned by the Santa Fe Company. e The entire hotel will be enlarged and 8 redecorated and the grounds surroundr ing the building will be plotted and im9. proved. e )Stephen Mains, living on Pat Hurst's farm on the boundary line between s. Weld and Boulder county, was found dead in a tent on the 7th inst. It was a thought at first he had been poisoned, but an autopsy revealed the fact that s 1. death was due to alcoholism. The deceased was 61 years of age and a veta eran. a o Judge Cunningham, in the District Court at Colorado Springs, has denied e the motion for a new trial in the case I of J. B. Belford vs. the Stratton estate, d and entered judgment for the plaintiff e in the sum of $8,000. An appeal was granted to the Supreme Court. Judge b. Belford's claim is for services as at 8. torney during Mr. Stratton's lifetime. in According to the decision of District n Judge Mullins at Denver, George E. e Smith and Frank Anderson, former county commissioners of old Arapan hoe county, who were legislated out of of office by the Rush amendment, are e still entitled to serve. He bases his decision on the recent decision of the 1. Supreme Court in the case of other 8, county officers. Edwin G. Arkins, son of the late Col. John Arkins of the Rocky Mountain News, died at Denver on the 4th inst. t of diabetes. He was for many years of dramatic editor of the News. Together with his mother, he was owner of a one-third interest in the News at the his death. His health had been x bad several years and he only 1returned from time recently for of Honolulu. had e Patents have been issued to ColoCommett
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COLORADO NEWS ITEMS caste 2d loupes The first were basket shipped of Rocky to Denver Ford on the per inst. first dividend of twenty-five the receiver of at the cent. The defunct has been American paid by Savings Bank at The Trinidad. Taos Indians who beet have fields been near home in New Mexico. Rocky work in Ford the sugar have returned to their John C. Fitterer has in the been reclamation appointed Denand assistant engineer to duty at M. C. Rocky ver service under assigned Hinderlider. factory at canning the 2d inst. Ford began first It will work after for which it will on tomato The beans, new operations the on three Automobile tackle weeks the crop. Colorado Springs announcing Club The has issued a circular violate the city that chauffeurs who to speed will the reordinance ceive no sympathy in regard or support from Portclub. McDonald will go on to Colo Governor attend the exercises the Lewis see as and rado land Clark to Day, many August Exposition. Coloradans 22d, at He as hopes possible to son present. Fielding, aged nineteen, cattleFielding, a district, of Frank Henry Buena Vista well-known thrown was of the by being from his horse dangerously man injured on the 2d inst. Both hips were broken. fair Portland Colorado day at August the 22nd, and a 200 has been set for carrying the governor promand special his staff train and more will than go to Oregon inent business the men celebration. to On assist the night in at of July Florence 30th the struck United feet. oil Oil Company depth of 2,850 hole in well 348 at 1,000 a feet in the the The oil arose indications and from present a good and permanent Weaver artesian ducer. will The prove to be flowing well near 1,080,000 Flor- This well proence is reported twenty four hours. opened gallons while every being drilled body. for oil, There is enough a well, subterranean water flowing water to irrigate 500 acres of land. who Texans, hundred and four two months at One visiting for formed from Colorado have Colorado been Springs, Springs-Texas have are Texans association. the former Manitou and Among the members residents of the Lone Star State. the DisJudge L. W. at Cunningham Colorado Springs of to hold will trist shortly Court go to Pagosa J. L. Springs Russell. There some criminal Judge Russell does try Santa Fe the want are county court to for which Judge himself. cases replaced railroad in Archuleta depot ago, one not The Trinidad new which three years at by a flood over to the railroad been turned to be the has destroyed is said finest depot example the Santa Fe system. is company of It the Spanish mission conboard fronted on The Denver with plans the adopted library necessity or for raising the of chang more Car ing negie the library building architect whose plans been in his money. adopted The seems to ideas: have a at his home sixty eight dad, August what is now died too were Thomas extravagant Lash, 2d, aged at Vijii, California California near the years. Trini- '49er, site in He was a later of He St. was Louis, born and on member went to of the Califor- in nia regiment, Mexico volunteers. First '49. New in and 1875. enlisted District He set- the tled at Vijil Cunningham, in the has denied the Court Judge motion at Colorado for a new Springs, the trial Stratton in the plaintiff estate, case Belford vs. for the was of J. entered B. judgment An appeal and sum of $8,000. Court. Judge at granted claim is in to the for services as to the George torney Belford's According the during Mr. Supreme Denver, decision Stratton's of lifetime. District former E: Mullins at Anderson, Judge Frank of old Arapawere hoe county, the Rush He bases Smith county office and by commissioners who serve. amendment, legislated of are the out his of entitled the to recent decision of other Edwin G. Arkins, the Rocky 4th inst. county Supreme decision still officers. on Court in son the of case the Mountain late years Col. News, John Arkins died at of Denver on for the many He was Together dramatic mother, he was News at of with diabetes. his editor of in the the News. owner had been of only the a death. His he had time bad for several from one-third of his interest years and health Honolulu. Colohave Ira A. recently Cammett, Patents returned been issued to Hoover, Estes Denver, Park, drill ore washing bitt rotating mechanism radans as follows: concentratori time: A. J. G. Leyner
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ITEMS NEWS COLORADO of Ford canta Rocky the on loupes Denver of per five 2d inst. first The dividend of the has by cent. paid receiver Bank Savings defunct American Trinidad. at The been who have Taos Indians in near the beet fields sugar to their have returned in home c. work Rocky Ford New Mexico. has been John appointed Fitterer addition in the engineer to at Denduty assistanand service assigned c. ver M. under at The Rocky new canning factory 2d inst. on the Ford began It will for weeks three work operation the the it will after tackle beans, which The Springs tomato on Colorado crop. a Automobile Club circular Announcing Issued the city that who violate will to rein speed ordinance the or no from celve support club. to will go Port. Gover on to Colo land the attend at the 22d, rado Lewis Day; to August He and hopes Clark as many see as possible Coloradans present. son aged Frank Fielding. wellninetee known Fielding. was Vista district. being thrown Both hips from were his broken. of Henry of the Buena injured on the by 2d inst. fair at the day Portianand has train special and his start and to will go inent Colorado been set for carrying than the 200 Oregon prombusiness in the assist of celebration he 30th July United oil Oil struck at in 348 well feet. feet oil The 1,000 arose the and from dications to On Company the night Florence depth in 2,850 the hole well present will and proprove ducer. Flornear well The artesian Weaver to is ence dowing 1,080,000 This hours. every gallons oll. for well. while opened There body. to E00 subte water irrigate Howing acres enough of land. who and One four Texans. hundred at for have been months visiting the have formed Colorado Springs. Texas Colorado Springs." the from Texans Among members of the and former residents Lone Star Manitou State. of L. W. the DI# Judge at will trict Court Spring" to to go hold shortly Pagona Colorade prince for court There Judso in cases criminal not does Judge Russell county are some which try himself. depot railroad at one the destroyed has been turned want to new Santa which Fe replacedears rational ago. to It said company of the The Trinidad by a flood over the the depot finest mission example Spanish Fe Santa system. is con. board library of changfronted Car IDE the plans library building The whose on The the Denver with adopted for raising the plans more money. to have been were seems adopted in his too ideas. extravagant 49er. Lash. Thomas California at VIII. Trink died home near 2d. eight dad. years. is He the site on was what in to of St. and went California Louis, of He 49. the Califor in member the and enlisted He notregimentexico volunteers. tled in the First nia at New VIIII in 1575. Judge District Cunnines at has Court denied Springs. the for the case notion of B. the estate. Stratton for and plaintiff entered in An was of the sum $5,000. to the appealadge Court. granted Supreme at for claim Mr. torney Belford auring Stratton's of to the District decision E. Accordine at Judge George Denver. and former Smith Anderson. Arapacounty out who hoe county. legislated of are the by office Rush his to still He bases entitled of the on the decision decision in other case Court Supreme county officers. Col. G. the Edwin Arkins. late Co of the John Arkins Mountain 4th the Inst. died News. Denver of He many years of diabetes the other News. dramatic of he with his owner the the News one third of his HIS had been time health be bad had for only from returned to Colo Patents radans ore J. G. Washing bitt for H. herd. Idaho Sherman. John operated ap cap Wilmer, Denver, goidering has The attained paration 200 of men feet length Work
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COLORADO NEWS ITEMS a yellow fever scare has to driven ColoThe good many Texas people rado. first basket of Rocky Ford on canta- the 2d inst. loupes The were shipped to Denver convention at Montrose resulted good The the formation of a strong in roads organization. full carload of cherries Kansas was shipped A from Fort inst. Collins to a City on the 5th first dividend of twenty- receiver five per of The has been paid by the Bank cent. the defunct American Savings at Trinidad. Meginnis, an old-timer died who of Daniel at Central City in 1861, inst., apoplexy mined at Boulder on the 7th at the age of 75. Taos Indians who have been near at The in the sugar beet fields their work Rocky Ford have returned to home in New Mexico. snowstorm at Cripple ground A severe on the 7th inst. left the inches of Creek with two or three covered and hail for several hours. turn snow Denver unions expect Labor to Day The 10,000 strong for the by a out which will be witnessed parade, number of the G. A. R. veterans. large new canning factory at 2d Rocky inst. The began operations on the weeks on Ford work for the first three tackle the It will beans, after which it will tomato crop. Colorado Springs announcing Automobile The has issued a circular the city Club chauffeurs who violate will rethat in regard to speed from the ordinance ceive no sympathy or support 1 club. Governor McDonald will go on to Port- Colo attend the rercises the Lewis land to Day, August 22d, at hopes to rado Clark Exposition. He possible see and as many Coloradans as present. Fielding, aged well-known nineteen, cattle- son Frank Henry Fielding, a district, was of of the Buena Vista thrown man injured by being inst. Both dangerously from his horse on the 2d hips were broken. the night of July 30th the struck United oil Oil On well Company 348 at at a Florence depth of in 2,850 the feet. hole The in oil arose present 1,000 indications feet the well prowill and from prove a good and permanent FlorI ducer. Weaver artesian well near 1.080,000 The is reported to be flowing hours. This ence every twenty-four oil, opened e gallons while being drilled for There is 500 well, subterranean water body. irrigate enough a water flowing to acres of land. n e Edward T. Hermanns, high school, principal Prof. of the West by Denver an automobile collar on < the was 7th run inst. over and He had was his riding left his front bit of the auto. bone cycle broken. and in some way got in e 3 Judge L. W. Cunningham Springs of the Dis- will b trict Court go to at Pagosa Colorado Springs Russell. to There hold o court shortly for criminal Judge J. cases L. in Archuleta not to try himself. county are some which Judge Russell does S f want The Canon Association City has Hot been Springs with chartered a Sani- capie torium secretary of state purpose y r tal with of erecting stock the of a $200,000 sanitorium of the for one the in at Canon Battle a City on Michigan, the lines and country. its branches in Creek, various parts of the , Stephen Mains, living on line Pat between Hurst's on the boundary county, was found e farm and Boulder inst. It was Weld tent on the 7th poisoned, , dead in a at first he had been the fact that , thought autopsy revealed The de, but death ceased an was was due 61 years to alcoholism. of age and a vetColoc eran. have been issued A. Cammett, to e Patents as follows: Ira A. Hoover, radans concentrator; J. G. 1 Denver, ore washing machine; mechanism 1Estes Park, drill bitt rotating S. Shep$ Leyner, for rock-drilling engines; wrench; J. H. S. f herd, Sherman, Idaho Denver, tool; John T. Wilmer, . operated Denver, reciprocating can cap soldering ap1 a paratus. Springs capitalists Sugar have in- & Colorado the United States capitalizt corporated Company, placing the directors are t J. R. o.H. Shoup, C. C. Land ation Bendle, McKinnie, at $2,500,000. The C. M. The company MacNeill, Hamlin owns A. and and Sharer. Kearney e E. C. acres of land in and its purpose is 15,000 counties, Kansas, factory at Finney to erect a sugar : Garden City. 3 The will Western Association of meet Metal- at Denver September memberlurgists and has Chemists a considerable 5th to 7th. The states association throughout the western the gathership British Columbia and During and be an important visits one. will be ing will of the delegates pyritic, rethe stay smelters of the furnace types, paid to and blast refrigerverberatory manufacturing and etc. testing ating chemical plants, works, Methodconference of the Free Springs reThe church at Colorado appointments: ist the following McKinColorado sulted F. F. Stewart, in Denver; A. J. II 100
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COLORADO NEWS ITEMS a yellow fever scare has to driven Colo The good many Texas people rado. first basket of Rocky Ford on canta. the 2d inst. loupes The were shipped to Denver convention at Montrose resulted good in The the formation of a strong roads organization. was shipped A full from carload Fort Collins of cherries to a Kansas City on the 5th inst. dividend of twenty-five per of The first been paid by the receiver Bank cent. the defunct has American Savings at Trinidad. who Meginnis, an old-timer died of Daniel at Central City in 1861, 7th inst., mined apoplexy at Boulder on the at the age of 75. at Indians who have been near The Taos sugar beet fields their work Rocky in Ford the have returned to home in New Mexico. Cripple A severe snowstorm left at the ground Creek on with the 7th two inst. or three inches of covered snow and hail for several hours. turn The Denver unions expect Labor to Day 10,000 strong for the by a out which will be witnessed veterans. parade, number of the G. A. R. Rocky large canning factory at 2d inst. The began new operations on three the weeks Ford work for the first the on It will beans, after which it will tackle tomato crop. The Colorado Springs announcing Automobile Club has issued a circular the city chauffeurs who violate will rethat in regard to speed from the ceive ordinance no sympathy or support club. Governor McDonald will go on to Port- Colo to attend the exercises the Lewis land August 22d. at hopes to rado Day, Exposition. He possible see and as Clark many Coloradans as son present. Fielding. aged nineteen, cattleFrank Henry Fielding, a known district, was of the Buena Vista thrown man of injured by being Both dangerously from his horse on the 2d inst. hips were broken. night of July 30th the struck United oil On the at Florence 2,850 feet. Oil Company 348 at a depth of the hole in well 1.000 feet in well and The from oil arose present indications the prowill prove a good and permanent ducer. Weaver artesian well near 1,080,000 FlorThe reported to be flowing This ence is every twenty four hours. opened gallons while being drilled for oil. There is well, water body. enough a subterranean water flowing to irrigate 500 acres of land. Prof. Edward T. Hermanns, high school. princiof the West Denver automobile on pal over by an left collar was run inst. and had his his bithe 7th He was riding front cycle bone broken. and in some way got in of the auto. L. W. Cunningham of the will DisJudge Court at Colorado Springs to hold trict go to Pagosa Springs Russell. There shortly for Judge J. L. Archuleta court criminal cases in does not county are some which Judge Russell want to try himself. The Canon Association City has Hot been Springs chartered Sani capi torium secretary of state with purpose a with the of $200,000 for the Canon tal stock a sanitorium in Battle of erecting en the lines of the one branches at in City Michigan, and its Creek, various parts of the country. Mains, living on Pat between Hurst's Stephen the boundary line found farm on Boulder county, was It was Weld and tent on the 7th inst. dead in a at first he had been poisoned. that thought autopsy revealed the fact The de but an due to alcoholism. vetceased death was was 61 years of age and a eran. have been issued Cammett, to Colo Patents follows: Ira A. Hoover, radans as ore concentrator; A. J. Denver, Park, washing machine; mechanism Estes drill bitt rotating S. Shep S. Leyner, rock-drilling engines: J. H. for Idaho Springs, wrench; herd, Denver, ectro-magnetically John T. Sherman, reciprocating tool; a? operated Wilmer, Denver, can cap soldering paratus. Colorado Springs capitalists States Sugar have in & corporated the United the capitalizCompany. placing directors are Land $2,500,000. The A. J. ation McKinnie, at C.M. MacNeill, Hamlin and J. R. U. H. Shoup, C. owns Bendle, Sharer. The company E. C. acres of land in Kearney its pur- and 15,000 counties. Kansas. and at pose is Finney to erect a sugar factory Garden City. Western Association of meet Metal at The and Chemists will The lurgists September 5th to 7th. member- as Denver has a considerable states sociation throughout the western gather ship British Columbia and the During and will be an important one. will be ing of the delegates visits rethe stay to smelters of the pyritic, types, paid and blast furnace refrigerchemical verberatory manufacturing and etc. ating plants, testing works, conference of the Free Method- reThe church at Colorado Springs sulted ist in the following appointments: McKinF. Stewart, Denver: A. J. H. Miller, F. Colorado Springs: C. ney, Boulder: H.J. Handyside. Longmont: