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Show I 000. surplus $13,000, deposits $134,000 j and loan $343 ono. Since that state- rucnt the deposits have shrunk ap- proxlmatelv $100,000. J. j. Pluromer j was the president of the ft I J fated bank; Leo Cramer, vice president and 1 manager: F. M. Coleman, cashier, and W. D. Cutis, assistant cashier. on that day. After the exact condl- tion of the bank was learned on Tuesday Tues-day the state bank examiner waj j rent for. TftT bank was opened on i Wednesday and business carried on as usual. The depositors were kept in the dark a.i to the bank's condition, condi-tion, and there was no run upon it. Camas Prairie Bank Saved. The result of the investigation, however, showed that there was no possible way lo save the bank, and its iiO'airs were turned over to tho j jLtate bank examiner The bank was not reopened on Thursday, In the meantime the state bank examiner planned to save the Camas Prairie lank at Soldier. At the request of j the state bank examiner. J. IJ. Cio-j Cio-j griff purchased the stock of that j bank, the control of which hail been held by the ldajio State bank, and the reserve of $43,00u was trans-j trans-j ferre-d from the Idaho State to the Hallev National, j At, the time the state bank exam-, exam-, Iner tcok charge of the Idaho State bank the deposits were $112.o0o in j open accounts; $41,000 In savings accounts ac-counts and $155,000 In time accounts An additional liability of about $200,-00n $200,-00n was occasioned by the hypotlieea-I hypotlieea-I t!on of the securities. The total as-j as-j sets 'consisted of $76 in the vaults. find a large amount of collateral, the j nlne of which Is problematical, but believed to be very slight. The last annual statement of the bank gives its capital stock as $75- BUNK AT HAILEY FJULSTO m The little city of Hailey, Idaho, is thoroughly aroused ovei the sudden collapse of the Idaho S Lit to bank of Hallev. Tho bank closed its doors Wednesday :md Is now In the bands tf State Bank Examiner (J. W. Cruso of Boise. The ffnirs of the bauk are i In a tangled condition, and It will probably be a long time before they ore straightened out. Practically all of the collateral held "bv the bank as security for loans i Is paid to be worthless, so that the ,'idscts of the bank amount to little or nothing. The total liabilities, consisting' consist-ing' largely of money owing to depositors, depos-itors, amount to almost $500,000. From present indications, the losa to the depositors will be practically total. Tho failure of the bank wiil I undoubtedly cause a depression in the prosperous community from which it will take some time to recover. re-cover. The effects of the failure, however, will not be far-reaching, aa there are no other banks or business houses involved. The Camas Prairie bank of Soldier was owned by the Idaho State bauk, but just before the failure it was taken over by the Hailey National bank, aud Is In good condition. Ill-Adviscd Loans Responsible The failure Vf the bank Is said to have been largely due to ill-advised loans and investments. Practically all of the securities were hypothecated hypothecat-ed and its collateral is said to be worthies. IvOo Cramer, vice president presi-dent and general manager of the bank, was the principal stockholder. Tho investments of the bank consisted con-sisted largely of lo3ns to Mr. Cramer end his brother, who Invested the money la projects that at best gave slow returns. Though tho bank has been shaky for somo time, its condition was not generally known. Word reached Salt Uake ob Sunday night that the bank v.a irt perilous condition, and .1. 1! Cogrlff. vice president of the Continental Con-tinental National bank of Salt Lake, and a stockholder in the Hailey National, Na-tional, left Salt Lake for Hailey. -Tho Hailey National bank went to the assistance as-sistance of the distresse-d bank aud helped It to ko.p open on Monday. Advantage was taken tf lb fact that Tuesday was primary election dav in Idaho, and the banks were closed |