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Show BANK PUSHED TO WALL. Big- Bend, Washington, National Is Forced -to Close Boors. SPOICANE, Wash.. Nov. 25. Tho effort to carry through a huge mining enterprise enter-prise Is believed to be the chief cause of the closing of the Big Bend National bank at Davenport. Wa3h this morning. This onterprlso ls the driving of a tunnel Into Palmer mountain, In Okanogan county, for a distance estimated nt two miles, cutting many veins of gold and silver ore at great depth For several years C. C. May, tho president, presi-dent, and ox-Llcut.-Oov. F. II. I.uco, a director of the bank, have been backing this plnn and It Is believed the bank has been Involved by heavy loans to further the plan, which had not yet reached a dividend-paying state. The bank has been regarded with caution cau-tion by other banks for months, and tho collapse was not entirely uncxoectid. The hank had no branches and. so far as knoTi'n. was backing no business houses. Its depositors were mainly farmcre. among whom President May had great personal popularity. The other banking house nt Davenport Is stated to be ln good condlt on. and It Is Btutcd tho country coun-try banks of eastern Washington are In the best condition they have been for years. Money Is rlentlful nnd It Is not Impossible Impos-sible arrangements may be made for the Big Bend National bank to rcopm. |