| Show failure CHICAGO larch 18 the failure of michael miehael althal primate banker loomed up today to day blacker than has ilas ever been coll conjectured lectured assignee Lall ellart ga rave v a a statement of the assets and liabilities I 1 e 9 in the county court this afternoon placing the tile liabilities at and the tile assets at lie ile said there were worth of certificates of deposit which la is believed to hold the startling announcement was made that of the tile W scheduled aa as doubtful and slow assets was doe due from theat the atkinson steel and spring works against whom a judgment was entered today besides be scheduled liabilities there is an unknown contingent indebtedness of which hi clithe the sum of has already appeared w it Is es estimated t that the assignee will be able to pay about 30 cents on the dollar it was charged in lit court today to day that had bad prefaced his assignment by transferring considerable property to frends and atso that t before the banks doors closed lie allowed his intimates to withdraw their deposits shortly after this charge was made he lie personally appeared in court and agreed to appear for examination tomorrow to morrow assignee lanehart says claimed due from ins his partner Frankli Frank linon some real estate deals deal but the latter denies the account the assignee said paid attempted the day before the failure to cell sell his equity in certain real estate to udolph ll It brandt the affairs of slagle and brecher are connected with the defunct bank batik and an investigation vesti gation of that firm will follow the Jennings Jen ninga trust company was nas this evenin evening appointed receiver for fort the ue atkinson Atkin sori steel steel and ana spring works upon the ap application ILI Cation of a large stockholder the tar value lie of the tile companas comp anys plant plant Is said to be holds I 1 two notes for besides which the company has actual liabilities bili ties amounting to it is asserted that the company could have met all obligations but for the failure of the bank |
