Show CLOSED ITS DOORS the rut put city bart forced to sif ray noway lut allied bys tt skulk Us i ike friday aw Satir dai caillout Pail lout its it effect OK eta he the park 1 he b first national arli cha chiacu chiac re for be the at au an early bout monday tb the ba men and residents of park city ity especially those having money de cited ID in the part city oink were wets startled by the announcement that ilia the bank had bad tailed and would not open tor for the of is and that persons tuning having money therein would lor lose tt it 11 all II al As wa was to be ex a large number of people esth ered la in front of the bank and tor for so D hour excitement ran high and all sorts ort ot of rumon rumors were in circulation concern log ing the cause 0 at the allure failure and the possibility of the depositors depo ilton letting getting their money or even a part of it IL the writer arrived at the bank shortly after I 8 0 deck clock and found the following notice 1 posted on the door of the institution n rho park air auk bu bas sed to nr me tit a I 1 lith day ol 01 june INS B L kinsei amlow resulting the allure failure meant ft a great deal the crowd wu was mingia with and the general talk indulged listened to by TUB THE inin man WHAT THE rAILI LRE according to street talk as many different reasons were assigned as causes for or the failure IK as there are dayi days in a month embracing everything from direct fraud to flagrant mismanage ment while the he louei losses were frely stated to be t ip p in the it hundred uti dredd of thousands and yet there wu was teri little genuine excitement and ud no thres to of T v clence olence were heard board ou on the pu pas I 1 of those wl wk 0 had been bemy heavy losers ASSIGNEE TALIS mr bit kimball wai was and said that so 10 tar fat ai as be wu win alie to jude judge the failure was vias caused by the present ottin geney y la in the money maike the inability of 0 the bank to a loan on its it paper collater alof which it wai was carrying a large amoust or to collect ID in its lows lie uld sold according to the appearance or of the book books the de pool poel tore tori would be paid dollar for dollar though he would not make a statement to that effect until he bad had gone thor hughly into detail of 0 liabilities and aeta ibets and knew know exactly what be he nu was tailing talking about lie did not desire to bold hold out fake tales hopes and la in making a public statement would be com coner tire enough to make that statement mr richardson he laid said had turned over he be possessed and wai 04 practically a ruined man not being able to ralie raise 1000 be believed outside of friendship to lave save bli bit life it would take time to straighten affairs out olt but he thought all would be right in it the mead end ben given out would authentic be WHAT US SAYS A As he be laid said he would mr richardson arrived in park city yesterday yeat erday morning and nd waa was at once by a depre men len of tuis tux the gea gem leman and condemned the bait lake papers tor for the atnia report reports they had published con coming himself and the failure of the bank he ile left abel abe I 1 ark monday morn ing to file hlf bin assignment papers and to get a little reit rest from the worry orry and ex cit ement of the past ten or twelve day days lie did not feel equal to answering the thousands of questions thit that would na us totally be asked ai as he ww was too near worn out when allied asked about the fall are mrs be he said it wai was due to the of the money market the inability of the csank to collect its it outstanding loan loans heavy draft drafts for ue use at the world a 1 fair and a steady run of with drewali on the part of depositors depo ilton on friday and saturday lo 10 reply to a question loa ai as to why drafts wen were old and deposits depo atte accepted up to the tu owning hour bout saturday ur mr ili char doom laid sold he full allf expected tip to dunday sunday afternoon to tide over the pressure but being disappointed in securing e a loan he be bad had no recourse but to assign so 0 picking out a man deeply in to rested rod ot of known integrity and abl ability ity he made him bla his assignee lie had done much figur figuring lug and suit worrying 0 vor the matter not on hie his own HO count ot but on account of those who had In intruded trusted their funds to I 1 if is keeping and after allowing for the strip gent time times slid other pillows it ought that be he himself would be tl 11 a ot 01 ir i cooer in t the lie long run arrangements had been made with tha the lint notional batik to par pay all school warrants wl wt lie ile lii hie boods bondsmen men would look took after co it ty warrant warrants until matter matters died up lie its thought the bank would probably be reorganized though ha he coulden couldn I 1 any positively rely and had no ld who would be b placed la in charge of it 11 it if it should be OM ON TUB THE TOWN tb the effect on the town will be quite serious and mind will cripple business tor for ome some month months to come a as the deposits were war quit quite heavy ranging lill from a few dollars to as 11 high as slauo anil and many of the loun losers were men and women who could ill III afford the ion they are 0 deeply sympathized with by everybody r Y and especially by those friend who know with what crashing force abe th blow fell victim victims lire to be found in 1 all walka walk of life front the thi hardy miner to the lone ioa widow ant nt of them had their all deposited in the bank batik for life late keeping kis so far at a IN the merchants merih uti are concerned nil all innia taws out with credit unimpaired liabilities AMI abell 19 tit c bradord Bra orD has t lj BU to 1 care bre a statement of liabilities s ai i d as ulet and Aist gnet ill said ha ri ex 4 to be able to give 0 it luch such a luent etli roarn ng us bill wit 1 I en on c ill tit 0 ed it upon elated be he ouia hare have to mk ask for or juer jimi lu in orde to gather mure more fully of affairs II 11 desired to milks his state statement meat u 04 lutrill elit as it out hie and to 0 o da do that would hays to 1 it l tot for reports to corn come lo 10 from cur evil may iby that lu in bit j if 11 ii depool Lors I 1 be b paid in 11 full rise and Ila bIlMes mowed a bal nice au 1 any tood loucht that might accrue to in turning U lie a met into cadi cash be met by the M 1 the stockholder lock stock holders holdeM it interest of depositors e po would in looked afier arter caret ul ll 11 an I 1 everything wr everl thing possible it 01 e tn to MC IK it ire mr tit ft statement will be 1 nuila dis 11 lilic as 5 v xa a as I 1 ble tit TUK lecora 14 1 sot airy ry it li Is unable to glee ITO its reader readers a coni coral let statement and and assumes one and all that it ha bat earn estly endeavored nde to toe am sire ir ike the at the lh ie same time it desires to acknowledge that it shares it 11 a general public con tn in the th integrity and ability of assignee kimball at aid d hiu lisa faith alth that he will leave oo 00 stat c f until med to t reimburse all 11 II I 1 aroot who hy bays lot lost funds through the suster nilon islon of th the 4 bank kd slid believes that 6 h few alent 8 at most will m M affairs straightened taht FIRST tim the first atlon Nt lon tank tor elved timely intimation of the failure and nd was M abundantly bund nil supply 4 with amily cash to meet 11 all II demands made on them by depositors and the prompt neu nets with which the lb institution nit met all claim claims loon soon restored confidence check ed the tun run rod and encouraged deposit deposits kail and when the dit day was over ever the bulk back hod bod taken in narty nearly KI Is much AS it hd bad paid out toe too bank received offen offers of assistance it needed from several sources but if tie e mildness ol 01 the attack on their reserves ira was auch each that DO no help va was required during alie day the bank issued a card containing the damn of 0 the stockholders directors and of flears ot 1 the concern and tha the lilt list bora bore luch such 1 I troug financial names that depositors depoi iton S were 0 to forced to hare have confidence and aw to tore a two dp dole elapsed the deposit wert r far far in excess ot of the withdrawal THE gendral SITUATION the general situation in park lity li Is good and BO to long ai as the present number of men are employed it will continue so 10 for the PUT pay days come around with unfailing regularity and each one means the of some om with a volume of money of such liberated each month there li Is no ila reason citi tens tons tad and to rc should not all prop per ar of U course the eitrem elj low price of silver anil and lead lave a it depressing effect but ilia the mines are running full fall time and large forced tl ti e leaching plant li Is being built and the pay roll toll la to quite healthy batice there is 11 no ampre hat herndon islon concerning the immediate mediate lai fit u park city may mar be laid said to be b in better financial shape thin them aay any other town la in the territory notwithstanding the fact that it has endured rud n red a pretty heavy bank failure during the week |