Show PROMOTER REYNOLDS IN SERIOUS TROUBLE Utter Collapse of His Alaskan Railroad and Banking Bankin J Schemes 4 Seattle Wash Oct Tho The Tho D. D II 11 Reynolds Alaska bubble has collapsed Following the thc failure of ot the Rc Reynolds bank at Valdez work has lias been suspended suspended suspended sus sus- on on the Alaska Homo llomo railway another Reynolds venture From to COO men aro are clamoring for or their ta pay anti and over O half halt his number arrived at at Valdez torla today They wore worA greatly greath wrought up lip on finding finding- that the tho Reynolds Hey Rey nos hank bank In man many were de depositors tie tie- had suspended payment payment- Violence Vio io lenco lence Is feared and Governor Go Hogg Is holding holding- himself In readiness to call out the troops The following cablegram today outlines the tense condition at Valdez Valdez- Work ork on the Alaska Homo railway was suspended yesterday Between SOO 00 and men coming to town toda today Mo No o funds are available to pa pay them thom Violence Vie Vio lence hero Is feared The Tho city has hns appointed ap al'- pointed rO iiO extra policemen to handle the situation Governor Hogg Hog all rend ready to call the troops at tho the first sign of or rioting All Ali railroad property has haR been bean attached h by creditors The Tho feeling i Is general that the ncy Reynolds bank will be beable beable beable able In a 0 short time to meet Its obligations I gallons with Vu no loss to depositors If It Its obligations are l not met It will en entail entail en- en tail tall a a. terrible financial hardship to lo local local lo- lo cal merchants Common People leople SutTer To tho the people of Valdez suspension of oC work woric on tho tio railroad Is far more serious than the failure of or the bank The They have havo subscribed 12 liberally I toward tho the construction of tho the road which now appears to be Involved In a 3 seemingly Interminable litigation Reynolds sold stocks In the road throughout the BastIt East Bast It Is Js said even to bell boys bos and workIng working work work- Ing girls Reynolds formed ninny many companies and corporations each with a a. fabulous capitalization largely largel on paper The character of ot the campaign planned b h bReynolds by Reynolds and hc begun un b by him In i a whirlwind performance of about three thre weeks before he ho reached Seattle ma mabo may maybe bo be Indicated by excerpts from rom news new matter printed In his paper The Dally Daily Prospector of oC Valdez In a 3 recent Is Issue Issue issue Is- Is sue of that paper ne Reynolds gives following Collo statement of his enterprises Gives rI Send Many Ilan have expressed ed the belle belief that tha Reynolds was merely the agent ent of Wallstreet Wall Val street in this but such is not th the tho case Realizing that the funds that must pay pa for Cor things must come from tho tile public ho Is backed solely oy ty the people wh who trust him Implicitly Probably Probably- It wll be he n a surprise to many nan to h know ho how comprehensive an ana tar far far ung the tin Reynolds system has grown in the past pas few Cew ye years rs The Tho foundation of ot the whole structure Is the He Reynolds Alaska Development De Do- company a capitalization tion of This Thi stock is S SIng settIng sett- sett Ing hug at WO per cent pr premium and advanced advanced ad ad- per por cent n n March larch during the terrific panic when Wall street stocks were dropping 20 and andI et ou I points |