Rensselaer Semi-Weekly Republican, Volume 40, Number 42, Rensselaer, Jasper County, 31 January 1908 — Baldwin & Dague Banks Will Pay Out [ARTICLE]

Baldwin & Dague Banks Will Pay Out

The following teiegram from Logansport explains the condition of the Baldwin & Dagne banks, and if correct, Will insure that the depositors are fSSid in foil: Willard Elliot, of city, receiver of the Goodland and Fowler banks, owned by Messrs. Baldwin & Dagne, which (were closed ‘by the State Auditor, filed |his report, with Judge Lairy in the Circnit Court this afternoon. The liabilities of the Ambia bank are $129,267.99; assets $131,440.08; excess of assets $2,182.09. Liabilities of Fowler bank, $91,966.02; assets $58,-256.66; excess liabilities, $33,708.37. Messrs. Baldwin & Dagne have personal deposits in this bank amondting to $29,805.03, which, added to the bank’s assets, leaves only a deficit of $3,903.04. This added to the deficit of $516.04, existing at Goodland, makes a total deficit in the Goodland and Fowler banks amounting to $4,421.21. Bat this deficit is entirely wiped ont by the surplus of $2,182.09 and with Baldwin’s private deposit of $.48.51 in the Ambia bank, which leaves a total surplus of $1,866.42 to the credit ol the three banks. Stockholders of the Goodland bank will receive 10 per cent dividend, and another dividend will follow soon.