Show HAMBURG BANK GOES UP flUME I Old Establishment of Haller HaIler Co Fails Ow Owing Owing Owing ing Many Millions HEAVY SELLING ON BOURSE TEXAS BANKER MAKES AN AS ASSIGNMENT ASSIGNMENT ASSIGNMENT IT Hamburg Oct IT The old private bank bankIng bankIng banking Ing firm of Haller Hailer Co failed today toda The liabilities of the firm are vari variously van stated and It Was vas estimated early earl earlIn in the day that they were In the neigh neighborhood neighborhood neighborhood of but the Hamburger says s s this afternoon it is in formed by b a banker who is in a position to know the facts that the liabilities will reach This will make the crash of this firm the biggest bank failure in Germany since the famous breakdown of the bank In June 1901 The assets of the firm have not yet et been as ascertained but in banking circles the tIle cap ital of the partners Is declared to b be Nearly all the joint stock and private banks in Hamburg are affected in iii varying var degrees by b this failure but a number of them say the claims are ade adequately adequately adequately secured Interested in Mines Among Amon the firms liabilities are for The largest amount held by b any individual house seems to be in the hands of ot the bank The difficulties of the firm arise chiefly from Its connection with a mining com corn company company pany at Teplitz Bohemia In which much capital was locked up In addition the firm had interests in several coal mines In Austria and was concerned in several real estate ventures Near Vienna it had established a works designed to exploit a new method of de tIe developing developing unusually high temperature for tor moderate sums only which are regarded as safe The news of the failure created heavy selling on the bourse bank stocks espe especially especially daIly scoring big declines American shares also were sharply depressed upon reports from New lew York It was an announced announced announced at a late hour tonight that the committee of ot the had been called to meet tomorrow This means an I advance In the bank rate Berlin Oct 17 The Boursen Courier publishes a dispatch from Hamburg say sayIng saying Ing ng the proprietors of the firm of Haller HaIler Co have only and it Is expected that the creditors will get 50 per percent percent percent cent If the affairs of the bank are wound up slowly The publishes a Hamburg dis dispatch dispatch dispatch patch saying that further failures are ex In n that cIty |