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WELLS IS TO HAVE BRAND NEW BANK W. H. Supp, one of the leading merchants of Wells, and an applicant for the post office at that place, is in town today and tells us that plans are well under way for the reorganization of the Wells bank which closed its doors last week, says the Elko Free Press. The movement is being headed by Dr. Olmstead, of Wells, assisted by Gilbert C. Ross, state bank examiner, and already $25,000 has been subscribed by the Wells citizens. The stockholders of the old bank have assigned all their interests to the new concern and with the added funds the new bank will be opened very shortly in the old bank building. The new bank will have a new management entirely independent of the one that ruled the Badt bank. This will be good news to the people of Elko county and to the people of the entire eastern part of the state as it demonstrates in the most forceful manner that the community is solid financially and that the resources of the old bank are worth considerably more than is usual when concerns of this nature close their doors.
