Show TH THE S FAILURE 1 EIVER A ANDERSONS D SONS REPORT I In n the bank failure Is inter Interesting reading as showing the e et t nt ot of human credulity and the def devi ot of a financier who t ln business in large proportions with ut tt a lIt or of capital to back his credit r begin with had crId In account as one of his a sets ts and with this if as a basis had man L to secure deposits In small sums k It the astonIshing total ot It Is true the present no norn hal assets includIng state at the book Yalu valuations show about lO 00 but the valuations e Will have to tole 1 le scaled until the depositors and ana oth rEaltors can e expect ped UlUe more than on the dollar ot of this loss of about wI will l taU upon poor people or those of small m ins entrusted aU all their thel savIngs to the banker That was pM p to continue business when whon llis II statements showed that hiS was not up to the legal re requirements I nor equal to to the demands or legitimate banking needs ti from the state Tile f t Is the more surprising I HI bank was subject to tha state Iu such Institutions and I 1 t to have been permitted to Lo continue long as it did Lakes banks bauk and In f on iuah II a aI t I o arid and soUd footing fooLing se fly got the benefit ot of others rep reI t or ir the general public would I 1 a b been n slow to trust him as corn com 1 j ly as It evidently dId l fr r the ly elty his was the one weak I it amI am Its liquidation remo remon n weak spot in the whole s 1 king m Taken altogether It t rC of l lz Ith z PHIl show how A haht of banks ti tit t Ir un tu as sound a theory or as 88 I I In t and l B |