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Van Nortwicks Assign

Van Nortwicks Assign image
Parent Issue
Day
1
Month
January
Year
1897
Copyright
Public Domain
OCR Text

Batavia, Hls., Dec. 29.- William and John S. Van Nortwick, owners of Appleton, "Wis., paper milis, and bankera of this city, Monday riled au assignment at Geneva, beeause of the liquidation of the Atlas bank of Chicago, in which they hold ?50,000 of stock. William M. and John S. Van Nortwick are the sons of William Van Nortwick. who left them about $1,000.000.' The bank at Batavia, the paper bag factory and the Appleton raanufactory are owned, or nearly so, by them, and they have great interests in paper milis on the Fox river of Wisconsin. Their liabilities are said to be $500,000. The big loan of $300,000 made by the Atlas National bank, the institutton that began to liquídate Monday at Chicago, to W. M. Van Nortwick, one ot the directors, is secured by the property of the Locks Paper company of Appleton, Wis. It is elaimed the paper company will be able to manufacture paper at 30 to 40 per cent. profit and meet its liabilities in full if given time. Present indications are that the Van Nortwicks will pay out in full. Some of the leading depositors .of the Batavia bank are of this opinión, and are offerIng to buy up Van Nortwick accounts.

Article

Subjects
Ann Arbor Argus
Old News