OCR Text |
Show Will Ruin Many. TORONTO, Ont., June 4. As a result of the failure of the A. Ames company, the Atlas Loan company of St. Thomas today closed its doors. A E. Wallace, president presi-dent of the Atlas company, was connected con-nected with the Ames firm. It Is stated that the nubilities of the Atlas firm will reach 400,000. Great excitement prevails in St. Thomas, where many people of that city have all their deposits in the Atlas company. They fear they will be ruined, though Mr. Wallace made the statement that he expected the depositors would be paid In full. The money loaned on mortgages, it Is said, amounts to $400,-000. |