Coalville Times | 1901-06-28 | Page 2 | Big German Bank Fails

UIQ CtlflMAN DANK PAILS. LlahlllllM nr--l lh. Asssls Two (it ))--4MM-tosiifMlMn will MmtmmWf- Tho directors of the Lelpilgrr bank at Lelpalo, (lermaiiy announce that owing to the stoppage of IheDnadeucr credit anatalt In eousequence of dlfll' cultlealn dlacountlng bills, the Lttp-alger Lttp-alger bank la conielled In the Interests of Ita creditors to temporarily auapend payment The directors say that If the commitment can be liquidated quietly the credltora will suffer no loss and the shareholders may-hope for a favorable outcome Tho capital of the bank la 48 000 000 marks rhe Lokat ntlegerot llerlln, call-roatra call-roatra the Hn illtlca of the Lelpilger bank at ' ..V 000 to 110,000,000 marks agalual assets amounting to HODO OOO marks. Other hanka were affected by the failure, aud hank stocks rapidly declined de-clined In value