Salt Lake Herald-Republican | 1907-10-19 | Page 1 | Depends upon Collateral

Depends Upon Collateral Helena Mont ont Oct 18 According to a along along along long distance telephone message to the Associated Press from Butte received to tonight tonight night nl ht there has been practically no de developments developments developments in the State Savings bank sit situation sItuation nation there today toda State Bank Examiner Collins today as assumed asI assumed charge of the institution and aft after after after I er making a hurried inspection of the books announced that from the figures at hand the bank is In a better condition than when it submitted Its last quarterly report to him The whole question how however however however ever is saId raid to depend upon the value of the collateral which the institution holds holdson on outstanding loans Depositors Cheerful The Tha Th depositors depositor who principally are nen and women were more cheerful today over the outlook Examiner Collins is making a thorough examination of the banks books and will later make malte a statement to the depositors The Tue Sliver Silver Bow National bank which is also controlled by F Augustus Heinze is said raid to be safe and will not be involved in the copper magnates financial difficulties difficulties ties ies There was no sign of a run on this Institution today The officers of the State Savings bank tonight refused to make any an statement saying that the bank Is now In the hands of the state examiner and that any an official official official cial statement given out must come from froni him lim