Show CAPITAL STATE BANK Of IDAHO Fails to Open for Business Be Because Because Because cause of Recent Heavy With Withdrawals Withdrawals Withdrawals of Deposits SUSPENSION IS TEMPORARY Export EI rt Who ho Investigation In Ad At fe d It Said flint nUlt Depositors Will jil ho In Full Pith Tan Jan 21 Thov Capital Stalo Dank Batik of or Idaho limited of this thin city oily failed tailed to 10 open its ILo doors for hUll bus inos Ines this morning The Tho directors of ot ille bank at a hold held last night decided that a temporary suspension was necessary owin to recent heavy h y withdrawn of or deposits W V S Bruce an nn expert accountant who has hns been engaged in malting a IL careful In Investigation Investigation investigation Into Inlo the tho affairs of li hank bank advised tho th action This morn mornIng mornIng morning Ing ho he Issued tho the following state statement mont ment I havo have spent several days In examining Into the condition of ot the Capital State Hank of or Idaho nt ul tho the request of tho the directors and give It ns 1123 II my firm opinion that the tho bank hank Is to solvent and anti that tho the assets are HUm sufficient dent clent to 10 pay tho thu depositors every dol dollar lar Jar that Is la duo du thorn theta Tho Capital SUite bank bani has lots capital stock of ot a reserve of ot oo and anti deposits at nt tho the time of tho the last statement Dee Dec 23 of ot 1070 1076 Detore the financial troubles 11 began the tue amounted to about For I or tho the past two months month reports have havo beet been In circulation re 10 reflecting fleeting on the tho stability of ur the tho Institution Institution tullon and this fact act had hail much mitch to do with bringing on tho the failure The Tho officers of or tho the bank arc are George 0 O Ellis Eilis lIIs president J C r Ponce ronce vice president and II E li Neal cashier Mr Neal left lert Boise Duso last week rot fo Portland owl to jIbes It II Is stated positively that his departure was not occasioned by hi 11 the batiks banks condition In connection with tho tue Institution the tho savings bank was WJ conducted which was tho the largest of ot Ha Its kind In Idaho Itaho The fhe bonk bask had IHU moro more than Ihan depos depositors A petition for tor n a 1 receiver for the bank will be bo tiled flied today Withdraw nis from tho the bunk batik for fur tho the past last 13 clr lays daI have averaged U a ti day Along Iong with other banks in II tho the city tho tim Capi Calli Capitel tel tol State resumed cash payment Jan Jail Jani 15 i The lh Ill clearing house hiotis association waR wan appealed to 10 for assistance and tho the of or it tho the association nn un examination of thu tho banks affairs after at to which It was Willi decided that no help could bo Ito given The Tho bunk asked for O which amount wan needed III edell to 10 tide It over oer until Its lie assets rould could bo be upon |