Tooele Transcript Bulletin | 1901-05-03 | Page 3 | President Wrecks His Bank

clr wrecks ills hank bank under order of the court receiver muir of the scandinavian american bank of new nev com wash line hue filed a report of its affairs alTu ira which lays laya bare a system of reclines roc klesa i banking taking bi operations erat ions according to we life report the banks president 11 st john dix borrowed its entire deposits and of its capital on his unsecured notes other aukers cers are tile the banks debtors to the extent of 1200 the capital stock of the bank was B of the shares president st john held and cashier oleson fifteen the banks nominal assets a are re of tills this over are unsecured notes of its president