Deseret Evening News | 1907-10-11 | Page 2 | Reynolds Bank of Valdez Closes Its Doors

REYNOLDS BANK OF I VALDEZ CLOSES ITS IS DOORS Seattle Wash Oct t U The hug lloy ne nold bank Mik of owned by hy H D yr ha has h clod 10 It I doors door du for leek lack of or fund fonda H n D Ii Rev Rv fouls Ald who I II Ia the head hea of or companies grouped rup under ua the title of or orth the th Reynold cycleD declare delu that thal the asSets are u ample to meet t Mil 1 obil obligation gation He le estimate Um the th lIabilities at atS S 60 and the th n resets et t on aln prin principally of ot real rei 1 estate tle art are rt ee os heated to be b ItO I I is widely known a as the th pro promoter p motOr moter of ot enterprises In Alaska AIka One On of ot hi hIs hla concern I the th Alaska Aluk Homo Home Railway company um JI I which I is building a aline aline line Ine from Valde V to Summit a distance dIn of SI 31 S miles mile mlle Stock tock In the lh company ha lisa been n sold old all I ll over oer the United State Sate I l The Tb payroll pyrl of the men n employed In building the became due du today and nd the th Inability of nf the 1 bank to pay py the th chocks chock lej IJ to I closing cloning the th dour doom dO Reynold closed out ut hi his i Interval In the tb Alaska Alata oat 01 company ye yea ted to Tco buln men for lor The Th purchasers of o the th tean Iem line lne a u assume ume m no In tn Inthe Inthe the severe 1 enterprises of ot Mr Reynolds Reynold in n Alaska