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A BANK FAILURE. EXCELSIOR SPRINGS, Mo., Jan. 24. -J M. Sandusky of Liberty was appointed receiver for the Farmers' and Merchants' bank of this city last night. It is claimed that the bank's assets will equal its liabilities. No statement is made.
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A NORTHERN NEW-YORK BANK FAILS. n THE POTSDAM NATIONAL DRAGGER DOWN THE COLLAPSE OF THE PIERCEFIELD PAPER COMPANY. Potsdam, N. Y., Jan. 25 (Special).-The most serious business trouble that St. Lawrence County has experienced in many years culminated to-day when the National Bank of Potsdam closed its doors. This action was a great surprise to every one in Northern New-York, for this bank had been regarded for many years as one of the soundest financial Institutions in this part of the State. The closing of the bank 's directly attributable to the failure on Saturday of the Piercefield Paper and Mining Company. at Piercefield, in this county. This company a little more than a year ago opened an Immense paper will; its bonds and preferred stock were floated in New-York City, ex-Governor Flower buying $100,000 of the preferred stock. The president of the company is Luke Usher, who is also president of the National Bank of Potsdam. County Judge T. H. Swift is the assignee of the company. Its assets are said to be worth $944,000. while its llabilities are placed at $300,000. exclusive of the capital stock. Among the directors of the Pierco field Company are the State Superintendent of Insurance, James F. Pierce, and General E. A. Merritt. When the news of the failure of the Piecefield Company reached Potsdam, heavy withdrawals from the National Bank of Potsdam began. and at 3 o'clock this afternoon the bank closed its doors and announced that depositors would be paid in ful. which, It is believed, the bank will be able to do. The failure of the Piercefield Company is said to be due to the inability of the company to meet obligations which became due last week. Mr. Usher is also president of the High Falls Suiphite Pulp and Mining Company, at Pyriles. This company's paper was largely held by the National Bank of Potsdam. The Potsdam Knitting Company is closed for the purpose, it is said, of reorganization. The People's Bank here is not affected by these failures. Among the deposits of the failed bank is one of $1,000 of the county money, but the County Treas. urer is amply protected by the bondsmen of the bank. The bank was organized in 1831 as the Frontler Bank. changing later to the National system. It had run continuously since that date. Its capital stock is given as $200,000: surplus, $40,000; undivided profits, $8,000: deposits, $350,000; loans and discounts, $500,000. Saratoga. N. Y., Jan. 25 (Special).-Carlton E. Sanford. of Potsdam, was to-day appointed receiver for the St. Alban's Trust Company. The appointment was made at Ballston Spa by Judge Kellogs. in granting a motion by Frank L. Bell. of Potsdam. Excelsior Springs. Mo., Jan 25.-Judge J. M. Sandusky has been appointed receiver for the Farmers and Merchants' Bank. The liabilities are $20,000. with assets of $35,000. The receiver found nearly 50 per cent of the deposits in cash in the safe.
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Receiver Appointed. Excelsior Springs, Mo., Jan. 25.-J. M. Sandusky of Liberty has been appointed receiver for the Farmers and Merchants' bank of this city. It is claimed the assets will equal the liabilities.
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Receiver Appointed. Excelsior Springs, Mo., Jan. 25.-J. M. Sandusky of Liberty has been appointed receiver for the Farmers and Merchants' bank of this city. It is claimed the assets will equal the liabilities.
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LATER. Bills were passed in the United States senate on the 23d for a statue of President Lincoln at Gettysburg, Pa.; to reclassify the railway postal service, and the house bill to prohibit the sale of intoxicating drinks to Indians. A resolution was agreed to asking the president for all cor respondence on the Nicaraguan canal since 1887. The house was not in session. Greenlee Bros. & Co.'s foundry in Chieago was destroyed by fire, the loss being $300,000. Pierce Taylor, a young negro who attempted an assault upon Miss Emma Apthorp. was taken from the jail at Tallahassee, Fla., by a mob and hanged to a tree. A schoolhouse built of sod near Perry, 0 T.. collapsed and 25 school children were injured. several fatally. In an accident on the Pittsburgh & Western railway near Clarion, Pa., Engineer Moriarity. Fireman Beatty and Mail Clerk Copety were killed. Mrs. Margaret Hungerford. known to the novel-reading public in the four quarters of the globe as "The Duchess," died in London. The house of William Croyle, of Redford. Pa., was destroyed by fire and Mrs. Croyle and two children were burned to death. The Upland bank at Upland, Ind., went out of business. Its officials announeed that it would pay depositors in full. Samuel Kirby, aged 55, and his wife, aged 50, were murdered at their home near French Lick, Ind., by unknown persons. During a panic caused by a fire in a theater at Kwang Fou. China, 300 persons were trampled to death. At the close of the six-day female bicycle race in Indianapolis the score stood: Anderson, 246 miles 8 laps; Farnsworth. 246 miles 71/2 laps; Allen. 246 miles 6 laps: Baldwin and Christopher. 246 miles 2 laps. During a storm in the gulf of Cadiz 24 fishing boats with their crews were lost near San Lucar. The Farmers' and Merchants' bank at Excelsior Springs. Mo., closed its doors with liabilities of $20,000. The most widespread cold wave in years was reported from all sections. In the northwest the temperature ranged from 15 to 30 degrees below zero. In the east the same conditions prevailed. and low temperatures were reported from points as far south as Central Texas and northern Louisiana.
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Goldbug Good Times. We note a few "waves of prosperity" that struck the country last week, perhaps owing to® the election of McKinley : The First National Bank, of Olympia, Wash., has suspended. A. C. Baily, dry goods merchant of Picton, N. S., has assigned. The American Paper Box Company has assigned at Nashville, Tenn. W. G. Harrington & Co., jewelers, of Columbus, Ohio, have assigned. A receiver has been appointed for the Home Book Company of New York city. M. Rosenwald, dealer in tailors trimmings, at Boston, Mass., has gone into insolvency. Wyman J. May, grocer, at Hartford, Conn., has offered to compromise at 40 cents on the dollar. The High Falls Sulphite Pulp and Mining company, of Pyrites, N. Y., has made an assignment. A receiver was appointed on Thursday for the Covenant Building and Loan Association of Knoxville, Tenn. Execution has been issued against the Hughes & Megahan Shoe company, of Williamsport, Pa., for $6,000. Alfred Shrimpton & Sons, manufacturers of needles, pins, hooks and eyes, has assigned at New York. A receiver was appointed in Chicago on Saturday for the Dime Savings Bank, the directors consenting to the order. Perkins & Perkins, sportsmen's goods, and the Des Moines Fuel and Lime company, of Des Moines, Iowa, have failed. Judge Sanducky, has been appointed receiver for the Farmers' and Merchants' bank, at Exe celsior Springs, Mo. The Indiana Machine Works, at Ft. Wayne, Ind., has been placed in the hands of Frederick Glusenkemp, trustee. d On judgments for $15,000 the n sheriff closed Wright Brothers' dry goods store and A. M. Wright's clothing store at Cleare field, Pa. A receiver has been asked for e at Jeffersonville, Ind., by the S Pittsburg Forge and Iron Com pany. r The Watauga Bank, of John d son City, Tenn., did not open its d dooas Friday, having had an al assignee appointed. Assets amount to $34,000 and liabilities $28,000. The receivers of the Continen n tal Life Insurance Company, of Hartford, Conn., have sold the Z Utica cement works to Mrs. M e Clark, for $142,000. The First National Bank a e Moscow, Idaho, has gone to the wall. of Id The Duhme Company, exten sive jewelers of Cincinnati, Ohio re has obtained an extension of two er years from its creditors.
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Goldbug Good Times. The First National Bank of Olympia, Wash., has suspended. A. C. Baily, dry goods merchant of Pictou, N. S., has assigned. The American Paper Box company has assigned at Nashville, Tenn. W. G. Harrington & Co., jewelers, of Columbus, Chio, have assigned. A receiver has been appointed for the Home Book company of New York city. M. Rosenwald, dealer in tailors' trimmings, at Boston, Mass., has gone into insolvency. Wyman J. May, grocer, at Hartford, Conn., has offered to compromise at 40 cents on the dollar. The High Falls Sulphite Pulp and Mining company of Pyrites, N. Y., has made an assignment. A receiver was appointed Thursday for the Covenant Building and Loan association of Knoxville, Tenn. William T. Beidler & Co., wholesale dealers in dry goods at Baltimore, Md., have had a receiver appointed. A receiver was appointed at Knoxville, Tenn., Friday, for the Citizens' Building and Loan association. Execution has been issued against the Hughes & Megahan Shoe company of Williamsport, Pa., for $6,000. Alfred Shrimpton & Sons, manufacturers of needles, pins, hooks and eyes, has assigned, at New York. Judge J. M. Sanducky has been appointed receiver for the Farmers' and Merchants' bank, at Excelsior Spring, Mo. The Indiana Machine Works, at Fort Wayne, Ind., has been placed in the hands of Frederick Glusenkemp, a trustee. A receiver was appointed in Chicago on Saturday for the Dime Savings bank, the directors consenting to the order. Perkins & Perkins, sportsmen's goods, and the Des Moines Fuel and Lime company of Des Moines, Iowa, have failed. Manley B. Ramos, doing business as Manley B. Ramos & Co., dealers in pianos at Richmond, Va., has made an assignment. The Duhme company, extensive jewelers of Cincinnati, Ohio, has obtained an extension of two years from its creditors. On judgments for $15,000 the sheriff closed Wright Brothers' dry goods store and A. M. Wright's clothing store at Clearfield, Pa. The grocery house of Turnbach & McGuire, at Wilkesbarre, Pa., was closed by the sheriff on an execution issued by Sturdevant, Fogel & Co. A receiver has been asked for at Jeffersonville, Ind., by the Pittsburg Forge and Iron Co., and others for the M. A. Sweeney company, of that city.