People's Pilot, Volume 5, Number 45, Rensselaer, Jasper County, 14 May 1896 — Bank Will Resume Basiness. [ARTICLE]

Bank Will Resume Basiness.

Denver, May 13.—The American National Bank, which recently failed, will probably resume business at an early day, a majority of the depositors having agreed to accept certificates drawing 4 per cent Jnterest. Ten per cent of the deposits will be paid in cash when the bank resumes, and the remainder in six semi-annual payments of 15 per cent each. The bank’s liabilities have been reduced to $821,000.