Salt Lake Herald-Republican | 1908-02-20 | Page 2 | National Bank Failures

NATIONAL BANK FAILURES Secretary Cortelyou Sends Figures Desired by Tillman Washington Feb 19 In response e to toa toa I a senate resolution introduced by b Sen Son Senator Senator ator Tillman Secretary Cortelyou to today toda today day da sent to the senate a report showing that were placed in charge of receivers between Jan 1 I 1893 and Jan 31 1908 The aggregate cap capital capItal capital ital of these banks was Ex Exclusive elusive of the banks bank which have failed since Oct 31 1907 the dividends paid on claims proved amounted to the offsets allowed and settled amounted to while the loans loan paid and other disbursements amount amounted ed to making which was paid to creditors There Then was returned to shareholders in cash and other assets Assessments made on or shareholders amounted to 24 of which was col cot collected collected