By a cuiuiervativo handling of the estate,
the complainant says, tho assets can l-e
male to realize >150,009 more than the lia
bilities.
The receiver for the firm of • Wasnians
dorff & Heinemann, was appointed at the
rcqr.e: t of Otto Wasniejisdorff, senior mem
ber of the firm He appeared in the superior
court and named his partner, WilUum
Heinemann, as defendant. The assets are
give: at >55-1,(100 with liabilities of >415,00-1.
The complaint says thjit a receiver can ad
min s.- r the assets so us to reduce a sur
plus of about SIOO,OOO.
The failure is also announced of the Rose
la-<1 Savings bank, situated at No. t(k
M.chlgan avenue. Frederi-k Wellizma Is at
the head of the bank. Tile bank did busi
ness with the National Bank of Illinois.
Statement from Comptroller Eckels.
\\ s l-.lm-.-on, i>c - niter 21.—Comptroller
E kels today, in a statement regarding the
failure of the National Hank of Illinois,
of Chicago, says:
“The failure of the hank Is due to Injtt
dl'.'l'-'is, r- i Id- s and imprudent m-ti’D-iH
f -low-d by the otli ■ rs, and tot che k»--l
by the dire tors, though their att-. ntion hatl
la ’ll Individually call- '! to ti n e-.tne ami
over their idivkltml signatures th- y ha 1
promised to remedy the weak points In the
bank's condition.
