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Show IV THE NEVAIA BANK WAS CLOSED IT WAS PROVING A FAILURE AS A BUSINES3 VENTURE, It Was Not Insolvent, but Expenses Continued to Doubly Exceed the Profits. Reno, Feb. 24. That the No & Ormaby bank was closed, not because Jt was Insolvent,but because It was proving a failure as a buslnosH venture, ven-ture, since the expenses doubly ex-reeded ex-reeded the pvoflts, la the statement made by an official today. Slnco tho bank was closed at the time of tho financial stringency, the public has had but little confidence. In it. and but few deposits wero made. Tho bank. In fact, carried but few accounts. Officials Offi-cials declare that these accounts will bo settled in full. Other local banks have In no way been affected by the suspension. Their business today falls to Indicate that ther had been even a semblance of a failure. One bank reports tlint withdrawals today have been less than for any day during the month. La'er leports froin Carson show that In spite of the run on the First National hank there yesterday, the deposits exceeded the withdrawals. |