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THREE SAVINGS BANKS ASSIGN SIMULTANE OUSLY IN DENVER TWO MORE FAILURES REPORTED IN KANSAS CITY-TROUBLES AT OTHER POINTS. Denver. July 17.-The first bank failure in Denver since 1874 occurred this morning, when the People's Savings Bank, the Colorado Savings and the Rocky Mountain Dime and Dollar Savings banks closed their doors. An estimate of the joint assets is $1,500,000. and of liabilities $1,350,000. The Colorado Savings Bank, of which F. T. Atkins is president and C. O. Atkins cashier, in its statement to the assignee, Alfred Butters, places the open accounts due depositors at $135,108 54: certificates of deposit, $50,699.36; due other banks, $3,236 95: cashier's checks, $625. The assets over liabilities in what is declared to be good commercial paper, well secured, are $73,063 F. W. Woodbury is president and C. F. Clark is cash ler of the Rocky Mountain Dime and Dollar Savings Bank, of which Charles H. Blakeny was this morning made assignee. A detailed statement has not yet been made. but from the books of the Institution 11 would appear that the assets are $156,803 53 and the liabilities $105,654.32. The officers of the institution positively assert that the depositors will not lose a dollar. It Is understood that all the assignments were preconcerted and were made for the protection of the depositors. The direct cause of the failures was the universal inability to realize on securities. The presidents of the three banks declare that each depositor will be paid in full and that all three institutions will resume again. A run on the Denver Savings Bank Is impending and the bank is taking advantage of the thirty and sixty-days' notification law and is paying out no amounts over $25. President Lawrence, of the People's Savings Bank, in a statement this morning said that the savings bank upoto six weeks ago had had a most successful career, having received in deposits $1,300,000, and paid to depositors in interest $112,482. The run on It began on May 1 and continued up to last Saturday night, when the entire available means of the bank were exhausted, and nothing was left but to assign. The officers of the institution pledged their estates to its support. but because of the feeling that has been engendered among Eastern banks and financial insti dutions by the recently published expressions, and the demonstrations that have been heralded from Colorado, a thirty-days notice to raise $100,000, signed by Colorado people worth $4,000,000, was not worth the paper it was written on. "Most persistent efforts were made," said President Lawrence, to obtain temporary assistance to tide the bank over, and up to four days ago this necessary assistance was promised by Eastern correspondent banks, but since the doings of the recent convention in this city became known all over the country. these promises were cancelled by telegraph, and no alternative was left us-with notices amounting to nearly $500,000 for withdrawals of deposits maturing within the near future staring us in the face, and the cash on hand paid down to $223-but to make a full as signment for the protection and benefit of all. The failure in the savings bank will in no way effect the People's National Bank, which, with all the other National banks here, are perfectly sound and anticlpate no trouble." Kansas City, Mo., July 17.-Despite assertions of strength and the publication of a favorable state. ment on Saturday the Missouri National Bank was taken possession of by the Controller of the Currency shortly before noon to-day. The officers show the assets to be $1,254,785. and the liabilities, excepting capital stock. about $700,000. During the run on the different National banks here on Saturday the Missouri National suffered some what, though the withdrawals were made by small depositors chiefly. This morning. however, several large depositors withdrew their money, the amounts running well up into the thousands, and these with drawals made continuance impossible. For a while confidence was restored by Ferdinand Helm, a local brewer. depositing $32,000 in the concern, but this incident soon lost Its effect. Aid bad been asked from the Third National Bank of New-York City and assistance was on the wify. On July 1 the bank paid the regular annual dividend of 3 per cent. The officers declare that depositors will be paid dollar for dollar. The Missouri National is a new bank, having opened in January, 1891. It has capital stock, paid in. of $250,000. and Its surplus is $6,000. According to the statement made Saturday, issued in compliance with the Cur request of the Controller of the reney, cash and sight exchange were placed at $271,024, and the deposits at 8900,763 The officers are D. V. Rieger, president; Henry C. Kumpf, vice president : R. D. Covington, cashier. The Grand Avenue Bank, a private institution, as signed this morning to James B. Rickel, who imme liately took charge. The assets are put at about $200,000, and liabilities at $140,000. The Grand Avenue Bank holds ample securities to meet obligaions, it is claimed, and the officials say that they expect to resuine business shortly. It was rumored n Saturday that this bank had closed. but it appears hat the officials secured money sufficient to tide them ver till to-day. when it was hoped that some of their securities could be realized on. on account of the scarcity of money. however, realization was found impossible. Confidence in the ability of the bank to pay dollar for dollar is expressed by other bankers ere and no excitement over the temporary suspension s manifested. A. Lambert is president H. Stubenauch, ice-president, a.mi H. C. Lambert, cashier, of he bank. "The Star's" special from Topeka, Kansas, says: State Bank Examiner Breidenthal reports that Hood 6 Kincaid's bank of Pleasenton, Kansas, has failed nd is in the hands of Deputy Bank Commissioner Osborne. The capital stock is $80,000. No state nent is given. Commissioner Breidenthal has informa ion of a number of other bank failures in the State, ut he declines to give names until he has taken possession. Chicago, July 17.-It not vet known where Conrad Vichoff, of the defunet banking house of L. Nichoit Co., and his wo sons, Frank and Otto, are. The reditors of the bank are endeavoring to find them. ut at last accounts had learned nothing more than hat Mr. Niehoff was caring for his impaired health some summer resort. meeting of creditors was eld yesterday. Adam Kastler, chairman of the In restigating Committee. reported that the affairs of this ank were in adisorderedstate.and that it was im possible to give a clear presentation of them. Enough ras known. however, indicate liabilities of $160. 00. while the assets scarcely exceed $50,000. Washington, July 17.-The Controller of the Curency has been informed that the First National Bank f Cedarlown, Ga., and the Missouri National Bank 1 Kansas City, Mo., closed their doors today. PUBLIC SENTIMENT ON SILVER IN MICHIGAN, Detroit
