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Nevada Bank Suspends. RENO, Nev., August 4.-The Bank of Austin, Nev., one of the oldest banks of that place, has failed. -According to the cashier, J. A. Miller, jr., however, it is a temporary suspension, as he says the bank has $41,000, including loans, and $20,000 cash and owes about the same amount. The embarrassment was caused by slow collections.
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The Bank ot Austin The Reveille publishes the following statement of Cashier J. A. Miller, Jr., in regard to the suspension of the Bank of Austin, its financial condition and the prospects for its resuming business in the very near future: "During the month of July we had extra heavy withdrawals, not in the nature of a run, but by merchants in the natural course of their business. We also had to furnish the money for a large redemption of Lander County bonds. During this time it was impossible for us to secure money from the outside. As soon as we saw that we had reached the limit, we closed voluntarily. "As far as the deposits are concerned, the bank owes J. A. Miller, Sr., an amount equal to all other depositors combined. The deposits, exclusive of the amount due my father amount to $126,000. Against this we have $281,000 in outstanding loans, the security for which is gilt edged, being ranches, live stock and city property valued at half a million dollars. This is to say nothing of the asset of $20,000 in cash and cash collections. We have already had offers of aid both from New York and San Francisco, and our bank will reopen just as soon as matters can be arranged by which we can avail ourselves of these offers." Mr. Miller was reticent about stating a definite day on which the bank would resume business. But indicated that it would be done just as soon as securities can be classified and forwarded to the money centers and cash received in return. Cashier Miller on Wednesday and Thursday drew up a statement of the bank's condition and submitted it to a number of the prominent business men of the town. They were all highly pleased with the showing and expressed implicit confidence in the institution. This confidence of the community in the Bank is shown in the fact that Bank of Austin checks are freely accepted in the daily routine of local business
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Nevada Bank Failure, Reno, Nev., Aug. 3.-The Bank of Austin, Nevada, one of the oldest banks of that place failed last Tuesday. According to the cashier, J. A. Miller, Jr., however, it is a temporary suspension as he says the bank has $81,000 in outstanding loans and $20,000 cash and owes about the same amount. The embarassment was caused by slow collections. The cashier states that the bank will resume business but does not name a date.
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NEVADA BANK FAILURE. Reno, Nev., Aug. 3.-The Bank of Austin, Nev., one of the oldest banks of that place, failed last Tuesday. According to the cashier, J. A. Miller, jr., however, it is a temporary suspension, as he says the bank has $231,000 in outstanding loans, and $20,000 cash, and owes about the same amount. The embarrassment was caused by slow collections. The cashier states the bank will resume business, but does not set a date.
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NEVADA BANK IS FORCED TO WALL Reno, Nev., Aug. 5.-The Bank of Austin, Nev., one of the , oldest banks of that place, has failed. According to the cashier, J. A. Miller, Jr, however, it is a temporary suspension as he says the bank has $41.000 including loans and $20,000 cash, and owes about the same amount. The embarrassment was caused by slow collections. The cashier states the bank will re. sume business.
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Reno Bank Suspends, Reno, Nev., Aug. 5.-The Bank of Austin, Nev., one of the oldest banks of that place, failed last Tuesday. According to the cashier, J. A. Miller, jr., however, it is a temporary suspension, as he says the bank has $281,000 in outstanding loans and $20,000 cash, and owen about the same amount. The embarrassment was caused by slow collections.
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The Bank of Austin The Reveille publishes the following statement of Cashier J. A. Miller, Jr., in regard to the suspension of the Bank of Austin, its financial condition and the prospects for its resuming business in the very near future: "During the month of July we had extra heavy withdrawals, not in the nature of a run, but by merchants in the natural course of their business. We also had to furnish the money for a large redemption of Lander County bonds. During this time it was impossible for us to secure money from the outside. As soon as we saw that we had reached the limit. we closed voluntarily. "As far as the deposits are concerned, the bank owes J. A. Miller, Sr., an amount equal to all other depositors combined. The deposits, exclusive of the amount due my father amount to $126,000. Against this we have $281,000 in outstanding loans, the security for which is gilt edged, being ranches, live stock and city property valued at half a million dollars. This is to say nothing of the asset of *20,000 in cash and cash collections. We have already had offers of aid both from New York and San Francisco, and our bank will reopen just as soon as matters can be arranged by which we can avail ourselves of these offers." Mr. Miller was reticent about stating a definite day on which the bank would resume business. But indicated that it would be done just as soon as securities can be classified and forwarded to the money centers and cash received in return. Cashier Millor on Wednesday and Thursday drew up a statement of the bank's condition and submitted it to a number of the prominent business men of the town. They were all highly pleased with the showing and expressed implicit confidence in the institution. This confidence of the community in the Bank is shown in the fact that Bank of Austin checks are freely accepted in the daily routine of local business
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LATE NEWS ITEMS. Major R.D. Kellogg of Iowa is dead. The Bank of Ausitn Nev., failed Monday. The price of wheat and corn went up on the exchange at Chicago Monday. Three deaths and one suicide resulted from the heat last Monday in Chicago. Frank L. Brown. a motorman of Tacoma was murdered last Monday by highwaymen. Seventy-five thousand sockeye salmon were caught Monday in fish traps near Bellingham, Wash. James lverson of Sparks, Nev., engineer of the Southern Pacific, was accidently shot near Truckee, Cal., by his companion, Harry Criss, while hunting for deer, mistaking him for one. E. H. Fain, a railway mail clerk, employed between Pasco and Dayton, Wash., has been arrested on a charge of rifling reigstered mail. He confessS ed that he did it to build a home for wife and baby. S The Golden Gate Limited, the fast r transcontinenal, all-Puullman train of the Rock Island rairload, west bound r from Chichago to Los Angeles struck a broken rail while running at full speed t at Hado( Ariz.,) station early Monday. Two rear coaches were ditched injuring 18 passengers. " The question is being seriously considered whether or not the Fernie fire, which which is reported to have destroyed large quantities of stored coal & and coke at Fernie, Crows Nest, Michel and other towns, will result in the o closing down of the Canadian smelters. Several of these are not supplied with a large reserve. The latest news fi.m the Crows Nest district shows a death list of 61, which will possibly be increased to 70 or 80; a property loss of exceeding $5,000, a 000, and about 7000 homeless people. e Fernie and Michel have been wiped out and Coal Creek, five miles east of d Fernie, is also destroyed. Hosmer lost "& some 10 houses and the coal company's surface works were detsroyed. The d powder magazine at Hosmer exploded, ed killing one man.
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Austin, Nev., Bank Fails. Reno, Nev., Aug. 5.-The Bank of Austin, Nevada, one of the oldest banks of that place, has failed. According to the cashier, J. A. Miller, Jr., however, it is a temporary suspension, as he says the bank has $41,000, including loans, and $20,000 cash, and owes about the same amount. The embarrassment was caused by slow collections.
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LATE NEWS ITEMS. Major R.D. Kellogg of Iowa is dead. The Bank Lof Ausitn Nev., failed Monday. The price of wheat and corn went up on the exchange at Chicago Monday. Three deaths and one suicide resulted from the heat last Monday in Chicago. Frank L. Brown, a motorman of Tacoma was murdered last Monday by highwaymen. Seventy-five thousand sockeye salmon were caught Monday in fish traps near Bellingham, Wash. James Iverson of Sparks, Nev., engineer of the Southern Pacific, was accidently shot near Truckee, Cal., by his companion, Harry Criss, while hunting for deer, mistaking him for one. E. H. Fain, a railway mail clerk, employed between Pasco and Dayton, Wash., has been arrested on a charge of rifling reigstered mail. He confessed that he did it to build a home for wife and baby. The Golden Gate Limited, the fast transcontinenal, all-Puullman train of the Rock Island rairload, west bound from Chichago to Los Angeles struck a broken rail while running at full speed at Hado( Ariz.,) station early Monday. Two rear coaches were ditched injuring 18 passengers. The question is being seriously considered whether or not the Fernie fire, which which is reported to have destroyed large quantities of stored coal and coke at Fernie, Crows Nest, Michel and other towns, will result in the closing down of the Canadian smelters. Several of these are not supplied with a large reserve. The latest news from the Crows Nest district shows a death list of 61, which will possibly be increased to 70 or 80; a property loss of exceeding $5,000,000, and about 7000 homeless people. Fernie and Michel have been wiped out and Coal Creek, five miles east of Fernie, is also destroyed. Hosmer lost some 10 houses and the coal company's surface works were detsroyed. The powder magazine at Hosmer exploded, killing one man.
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Bank of Austin Closes Its Doors Austin Reveille, August 1: The failure of the Bank of Austin to open its doors for business last Tuesday morning came like a thunder clap to the business element of this town. It was the last thing that was dreamed of and the surprise would not have been more acute if word had come that the Government had suspended specie payments. The Bank of Austin sailed through the tempest of the panic last Fall and Winter like an Atlantic liner, while the weaker financial craft of the State went to the bottom or drifted like derelicts. The good institution, however, will soon right herself and resume her place as the staunchest and soundest financial institution in any part of this State. The following statement made to the Reveille by J. A. Miller, Jr., the cashier, makes the situation clear and shows plainly that there is no cause for worry on the part of depositors and no reason for pessimism over the business outlook for this community. Mr. Miller said: "During the month of July we had extra heavy withdrawals, not in the nature of a run, but by merchants in the natural course of their business. We also had to furnish the money for a large redemption of Lander County bonds. During this time it was impossible for us to secure money from the outside. As soon as we saw that we had reached the limit, we closed voluntarily. 'As far as the deposits are concerned, the bank owes J. A. Miller, Sr., an amount equal to all other depositors combined. The deposits, exclusive of the amount due my father amount to $126,000. Against this we have $281,000 in outstanding loans, the security for which is gilt edged, being ranches, live stock and city property valued at half a million dollars. This is to say nothing of the asset of $20,000 in cash and cash collections. We have already had offers of aid both from New York and San Francisco, and our bank will reopen just as soon as matters can be arranged by which we can avail ourselves of these offers." Mr. Miller was reticient about stating a definite day on which the bank would resume business, but indicated that it would be done just as soon as securities can be classified and forwarded to the money centers and cash received in return. Cashier Miller on Wednesday and Thursday drew up a statement of the bank's condition and submitted it to a number of the prominent business men of the town. They were all highly pleased with the showing and expressed implicit confidence in the institution. This confidence of the community in the bank is shown in the fact that Bank of Austin checks are freely accepted in the daily routine of local business.
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All the late up-to-date bakery goods Ane's. at Lond tickets good for 5-cent loaves at Cochrane's Bakery. Mr. Weston returned from California this moring. He left Mrs. Weston well. The assessment roll of Lander county foots up $1,815,773.93, a gain of $167,473.27 over last year. Washoe county's assessment roll will exceed $15,000,000 this year. Assessor Beard reports a gain of over $500,000. Save those natural teeth, thereby restain your facial expression. Dr. GilliTand "the dentist." Office over the Drug * Store, Elko The plans for the new school buildings Shave been revised and the trustees have Pagain advertised for bids. For further particulars, see the ad. elsewhere. Pat Julia, the Italian who drew the Agun on Pete Jialy yesterday, plead guilty Today to carrying a concealed weapon, and Judge Bruce sentenced him to thirty days in jail and fined him $20. Arkansas has elected the complete democratic. state ticket by over 65,000 majority. This is a larger majority Can the democratic governor received stwo years ago. Arkansas more than stands off Maine. Lincoln county is doomed to division according to dispatches from there which are to the effect that the democratics convention has declared for a division of the county and also shat the republican party will do the Name. The democrats of Elko county are woting this afternoon for delegates to the county convention. The polls for this precinct opened at the courtroom at 3 o'clock this afternoon. There is Jonly one ticket in the field and but Bittle interest is being taken. LOST-A three-year-old Hereford Steer, red with white face, branded 7and J connected with bar beneath. Was wast seen at George Hennen's ranch in Pleasant valley. A reward of $5 will be paid for information as to his whereabouts Address Mrs. B. Nulty, Elko, * Nevad Photographer Ramsdell has returned from the photographic convention at Salt Lake and is full of new photographic ideas and has a complete equipment of new instruments, ranging in lizes from 4x5 inches to 16x20 inches. Call soon and see the latest style of Shotographs. The Bank of Austin which closed its Boors several weeks ago has re-opened and is doing business as it did before The republican panic crippled it. When The bank re-opened, an invitation was Fiven to the depositors to come and get Their money. But few withdrawals were made. The New York republicans renommated Governor Hughes yesterday by vote of 827 to 151 for Wadsworth and 11 for Stewart. The nomination of Hughes was made unanimous. If the
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according to dispatches from there which are to the effect that the democratic convention has declared for a division of the county and also that the republican party will do the same. The democrats of Elko county are voting this afternoon for delegates to the county convention. The polls for this precinet opened at the courtroom at 3 o'clock this afternoon. There is only one ticket in the field and but little interest is being taken. The Bank of Austin which closed its doors several weeks ago has re-opened and is doing business as it did before the republican panicerippled it. When the bank re-opened, an invitation was given to the depositors to come and get their money. But few withdrawals were made. The New York republicans renominated Governor Hughes yesterday by a vote of 827 to 151 for Wadsworth and 31 for Stewart. The nonination of Hughes was made unanitions. If the democrats nominate a clean man for governor, they will have an excellent show to defeat Hughes and give New York's electoral voterbo Bryan. Two republican congressmen who are up for re-election in Nebraska, have declared publicly that they will not vote for Cannon for speaker if they are elected. This is an indication that the voters of the country are considering Uncle Joe's arbitrary rule at the recent session of congress. Other republican congressmen will be forced to take the same stand before the campaign is over. Constable Ouderkirk requests the INDEPENDENT to state that he was requested by the owner and other citizens of Elko to kill the dog that he shot in the street Monday. He and the owner chased the dog all over town, but were unable to catch her, and he was forced to shoot her in the street. He also says that no one was within seventy-five feet of the dog when he shot her. The Maine election resulted in the success of the republican state ticket by a plurality over the democratic candidate for governor of between 8,000 and 9,000. The democrats gained 4.000 over the vote of 1906 and the republicans 2000. The latest returns give the republicans 8,329 plurality with twenty-five small towns and twenty-six plantations to hear from. The complete returns are not expected for several days. As an illustration of the domesticity of the feline race may be mentioned the incident of a Western Pacific camp cat. When camp was broke upat Hot Springs some time ago the boys brought their cat to town with them. In a few days pussy was missed, and had finally been forgotten. Upon visiting the old camp site the other day, the cat was found occupying its old quarters, having made the journey of 85 miles from Winnemucca, guided solely by its unerring instinct Silver State News. Thursday afternoon the Austin-Manhatten Company made glad the hearts of its employes by dispensing about $8,000 through the Bank of Austin. Although a number of years have passed with out Austin having a payday of any kind. it utust be very encouraging to the observing one to know that they are now a permanent fixture. In another year we honestly expect to see the pay roll $80,000 it month instead of the $8,000 as at present.-Reveille. Judge Somers, chairman of the democraticstate committee, is taking hold of the work with a determination to keep Nevada in the dem teratic column. At a meeting of the committee held recently in Reno. literary and speaker's