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A Missouri Bank Feels the Effect. ST. JOSEPH, Mo., May 14.-The State Savings Bank of this city suspended and assigned to-day. C. B. France, President, makes a statement to the effect that the bank is intimately connected with Donnell, Lawson & Simpson, of New York, and has been for a long time a large depositor in the New York National Bank, which suspended to-day, thereby necessitating a suspension. Mr. France further states that they hope to resume in a few days.
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A Missouri Savings Bank Assigns. ST. JOSEPH, Mo., May 14.-The State Savings Bank assigned today. C. B. France, president, states that the bank is intimately connected with Donnell, Lawson & Simpson. and the suspension was made upón the receipt of a telegram from Donnell, Lawson & Simpson advising such action.
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A WESTERN BANK CLOSED. Suspension of a St. Joseph, Mo., House-The Cause of the Trouble. ST. JOSEPH, Mo., May 13.-The State Savings Bank, of this city, suspended and assigned today. C. B. France, the president, makes a statement to-night, which will be published to-morrow, to the effect that the bank was intimately connected with Donnell, Lawson & Simpson, of New York, and had been for a long time large depositors in the New York national bank which suspended to-day, thereby necessitating the suspension of Donnell, Lawson & Simpson. "Our suspension was made upon receipt of a telegram from this firm informing us of their failure, and advising us to close in order to protect our depositors." Mr. France further states that the bank hopes to resume in a few days. Its affairs here are in good condition, with no local embarrassment or losses. The assests are intact and available. The bank officers they say are fully protected in New York, and that they will pay all depositors and stockholders in full and leave its surplus intact.
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A Word from St. Joe. ST. JOSEPH, May 14-The State Savings bank of this city suspended and assigned to-day. C. B. France, president, makes a statement to-night, which will be published to-morrow to the effect that the bank was intimately connected with Donnell, Lawson & Simpson, of New York, and who had been for a long time large depositors in the New York National bank, which suspended to-day, thereby necessitating the suspension of Donnell, Lawson & Simpson. "Our suspension was made upon the receipt of a telegram from this firm informing us of their suspension, and directing as to close in order to protect our depositors." Mr. France further states: "We hope to resume in a few days. Our affairs here condition a in are good with no local iembarrassment or losses. Our assets are intact and available. It is our belief that Donnell, Lawson & Simpson will resume very soon and that we are fully protected in New York and will pay all depositors and stockholders in fall and leave our surplus intact.
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ST. JOSEPH, MO. ST. JOSEPH, May 14.-The State Savings bank of this city suspended and assigned to-day. C. B. Grover, the president, makes a statement to-night, which will be published to-morrow, to the effect that the bank was intimately connected with Donnell, Lawson & Simpson of New York, and has been for a long time a large depositor in the New York national banks which suspended to-day, thereby necessitating suspension. One suspension was made upon receipt of a telegram from the firm of Donnell, Lawson & Simpson, informing us of their suspension and directing us to close in order to protect our depositors. Mr. France further states: "We hope to resume in a few days. Our affairs here are in good condition, with no local embarrassment or losses. Our assets are intact and available. It is our belief that Donnell. Lawson & Simpson will resume very soon, and that we are fully protected in New York, and will pay all depositors and stockholders in full, and have our surplus intact."
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agyed BALLOTS. Rev. Dr. Trimble in a few moments came into the hall and stated that by some miatake the ballots became mixed with others. A large number of delegates had left the hall, but those present insiated on another vote being taken, which was done, and the conference took a recess. The bishop announced the result of the fifth bullet for a fourth bishop as follows: Whole number of votes cast 366; necessary to a choice, IS4; Rev. C. H. Fowler, D. D., 212; Rev. J. H. Vincent, D. D., 135. Dr. Fow!er was therefore elected. Thin completes the number of new bishops. At St. Josepa, Kissouri. Sr. JOSEPH, Mo., May 15.-A better feeling prevailed here to-day, and it is generally believed the worst of the panic is over, The banks opened their doora a litde earlier than usual this morning, and have met the demand of depositore, besides doing the usual discount business. There was no perceptible run on any bank. The bankers and business men are unanimous in the opinion that the State Savings bank was in a good condition and would not have failed had it not been dragged down by its intimate New York connections. It is confidently believed it will pay dollar for dollar. The T. A. Richmond Medical Company, whose assignment has been announced, had a contract with the Hubbard Advertising agency for advertising to the amount of $10,000 and the contract provides that Winson Judson, an attorney of this city, should have the contract of the business here to secure the payments. Mr. Judson was called to New York a few days ago and in his absence Richmond assigned. Mr. Hubbard telegraphed from New York to-day that Judson says Richmond's assignment is ridiculous, and was done without his knowledge. He further says his claim of less than $40,000 is fully secured by goods in New York and California, and the other liabilities do not exceed $40,000.
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LATEST FROM NEW YORK. The Bank of Fisk & Hatch Goes Under. NEW YORK, May 15, 3 p. m.-The firm of Fisk & Hatch has failed. It is composed of A. S. Hatch and Harvey Fisk. Hatch was recently elected president of the stock exchange by unanimous vote. This firm has been the heaviest dealers in government bonds in the street and was considered a staunch, conservative, reliable firm. It has been recognized as fiscal agents here of the Chesapeake & Ohio railway and of the Elizabethtown, Big Sandy & Lexington railway. They have sons and sons-in-law in the [stock business. The announcement of the suspension came like a thunder-bolt in the exchange. Wm. Lummis is now acting president of the exchangeowing to Hatch's disabilities. Efforts to aid his sons embarassed the firm. Hatch has been prominent in religious matters, philanthropical measures, and was frequently heard as a lecturer on religious subjects at the Mac au. ley Cremone mission. Fisk had just returned from a tour of Europe. The immediate result of the failure on the stock exchange was the decline of 1 to 5 points. The weakness in the government bona market is explained by the suspension of this firm. A reporter of the associated press, who called there two hours ago for explanation of the failure, was inform ed there was no known cause for it. Wm. Lummis, vice-president of the stock exchange is now at 2 p. m., acting as president. This firm went to wall during the panic of 1873, but resumed shortly. The suspension was not announced until a few minutes before 3, the closing hours of the exchange, but the effect was instantaneously depressing. On the announcement of the failure a rush of operators was made to the office of the failed firm. and anxious inquiries were made by the brokers as to how the firm stood. Fisk was seen by an associated press reporter, but refused to say anything. The doors closed and the crowd outside increased. The suspension is so unexpected its effect is more than double and the street is again excited. Brokers are rushing around wildly and the situation again assumes a troubled aspect. A ST. JOE. BANK GOES DOWN. ST. JOSEPH, Mo., May 14-The State Savings bank, of this city suspended and assigned to-day C. B. France, the president, makes a statement to the effect that the bank is intimately connected with Donnell, Lawson & Simpson, of New York, and has been for a long time a large depositor in the New York national bank which suspended to-day, thereby necessitating suspension. They hope to resume in a few days and pay all depositors and stock holders in full and leave the surplus intact. THE SITUATION AT THREE P. M. NEW YORK, May 15.-There was a slight run on the Bleecker Street Savings bank to-day, which subsided at noon. At the 2nd National there was no excitement. At 2:45 p. m. Fisk & Hatch suspended. THE SECOND NATIONAL. NEW YORK, May 15.-The rush on the 2nd National bank has about stopped. There were 148 depositors up to noon. The clearing house has arranged to pay all the Second National debts.
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He claims the "Bread-winners" was an insult to the laboring classes. On disputed territory at Omaha, the Burlington & Missouri River railroad people laid 800 feet of track. The Union Pacific secured an injunction, but the rails were down before the papers were served. The regents of the Iowa state university met and fixed the department to which shall go the $60,000 building to be erected during the summer. It is to be devoted to the natural sciences, with the tacit understanding that the next endowment shall be propriated by the physical sciences. The State Savings bank at St. Joseph, Mo., closed upon the suspension of Dunnell, Lawson & Simpson at New York, OWDers of the concern. Statements are made that the bank received deposits for some time after it had been telegraphed from New York to close. It is feare that if the concern is not in a good condition a number of business houses will be affected. The Anti-Monopoly convention which met in Chicago Weanesday is the first of six national conventions for the nomination of candidates for the presidency. The next will be the Greenback Labor convention at Indianapolis May 28, and the others the Republican, at Chicago, June 3; American party, at Chicago, June 19; Democratic, at Chicago, July 8, and Prohibition, at Pitts. burg, July 23. In view of proposed legislation in congress, which they look upon as bostile to their just interests and rights, the inventors of Chicago have formed an association, the object of which is to resist such legislation as shall be considered inimical to the development of the inventive genius of the coun try or the proper reward of inventors. The association is moving actively in the matter, and will be addressed on the 19 inst. by Hon. John M. Thacher, ex-commissioner of patents, on the practical workings of the present system.
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TELEGRAPHIC BREVITIES. Ex-Collector of Port William A. Smythe died in New York Wednesday. The Vermont Greenback State Convention has appointed a committee of five to make all nominations of delegates to Indianapolis. A Hazelhurst (La.) special says: The jury in the case of E. B. Wheeler, for the murder of J. P. Matthews, was out for an hour and returned a verdict of not guilty. The State Savings Bank at St. Joseph, Mo., closed its doors Wednesday, and the Richmond Medical Company failed. The people of St. Joseph were much excited and run on other banks is expected. Earl Granville has instructed the English Embassy at Pekin to inquire into the report concerning the terms of the FrancoChinese treaty. England will demand equal rights with France to trade with the Chinese in the southern provinces. The earnings of the whole system of the Union Pacific Railroad for March were $1,962,700, an increase over March of last year of $419,000. For the first three months of 1884 the earnings were $5,059,600, an increase of $722,250 as compared with the same period of 1883. The Committee on Claims have reported to the Senate a substitute amendment appropriating a sum of money sufficient to pay the claims of California, Oregon and Nevada for fifteen per cent. of the direct war tax of 1861, which the National Government has agreed to return. Theamounts allotted to these States are as follows: California, $37,197; Oregon, $5,271; Nevada, $688. Judge Kelly, of Pennsylvania, has been a member of the House for twenty-four years. A New York paper stated that he would not run again, and Mr. Kelley was interviewed as to the truth of the statement. He said: "I would rather be a member of the House than to have any other office on earth, and I have no thought of retiring, and never will until my constituents refuse to elect me." Some days since a resolution was offered in the House appropriating $10,000 to pay the expenses of entertaining the Siamese Embassy, who are now in Washington, as well as paying their expenses while guests of the Government. Weller objected, and it went over. Wednesday he said: If it takes my consent to take 10,000 hard-earned dollars out of the treasury and spend it in entertaining a lot of worthless heathen Chinese, it will never be spent." This settles it, and the Siamese are now being entertained on credit.
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Fisk & Hatch; Donnell, Lawson & Simpson, and several other New York brokers have failed this week. Among the consequences is the suspension of the Bank of Kansas City, and the State Savings Bank at St. Joseph. It is not thought, however, that the Missouri banks generally will be at all shaken, as their reports of April 15th show them in a better condition than ever before.
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1884 Corresp'g weeks. Past Previ's 1881. 1882. 1888. week. week. States. 28 29 31 25 39 Middle 22 21 28 35 82 New England 13 21 34 20 82 Southern 19 81 55 40 58 Western. Pacific and Ter6 14 18 12 26 ritories 88 116 166 132 187 Totals 15 14 21 20 35 Canada About 75 per cent. were those of small traders whose capital was less than $5,000. The following were the important suspensions of banks, bankers and brokers during the past week: New York city-Fisk & Hatch, Hatch & Foote, Donnell, Lawson & Simpson, O.M. Bogert & Co., Hotchkiss, Burnham & Co., A. W. Dimock & Co., Nelson Robinson & Co., H. C. Hardy & Sons, Goffe & Randle. Brooklyn-Atlantic State Bank. Newark, N. J.-The Newark Savings Institution. BostonF. A. Hawley & Co. Bradford, Pa.Whitney & Wheeler. Quincy, Ill.Union Bank. St. Joseph, Mo.-State Savings Bank. Tucson, Arizona-Hudson & Co. Atlanta, Ga.-John H. James. Among the other suspensions were the Northwestern Manufacturing and Car Co. of Stillwater, Minn.: Charles E. Young & Brother, produce, Philadelphia, Pa.; and Henry C. Mayo, canned goods, Boston, Mass. In the principal trades they were as follows: Bankers and brokers 13, banks 5, stock brokers 5, grocers 26, general stores 24, produce and provisions 11, clothing and cloth 10, liquors 9, drugs 8, hotels and restaurants 8, manufacturers 7. shoes 6, dry goods 6, hardware 6, butchers 5, bakers and confectioners 5, furniture 4, lumber 4, jewelry 4, millinery 3, fancy goods 2, grain and flowr 2, tobacco and cigars 2, men's furnishing goods 2, books, stationery, etc., 2. ALABAMA. Eufaula-Thomas L. Allday, saloon, failed; Ebenezer Priest, saloon, reported failed. FLORIDA. Tallahassee-B. A. McGinnis, general store. assigned. GEORGIA. Atlanta-M. B. Byron, grocer, failed; John H. James, banker, suspended and assigned to W. J. Garrett and A: D. Adair. His real estate is valued at $250,000, and he thinks this will be enough to pay all his liabilities: Paine, Rowland & Co., produce exchange, receiver appointed. Rome-J. G. Yeisse, drugs, applied for homestead. Sucainsboro-Manning R. Rountree, general store, assigned. SOUTH CAROLINA. Charleston-C. D. Derate, fruits, sold out on a chattel mortzage. Georgetown-Julius Levy (agent), saloon. failed and succeeded by his father. Itis said he paid nothing Marion-Julins Brown, generalstore, closed by Sheriff.
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Union Pacific; 4½ for Western Union 4 for Delaware and Hadson; 33/4 for Omaha and Jersey Central; 2½ for Oragon Transcontinental: 2% for Rhode Island; 21/2 for New York Central: 23/3 for Louisville Southern 1½ for Texas Pacific; 13/4 for Central Pacific and Quincy; 1½ for Northern Pacific, and about one per cent. for other active shares not mentioned. Hotchkiss & Burnham said: We were forced to suspend this morning in consequence of the calling of a number of loans for persons whom we thought were responsible. They failed to respond, and in the present state of the market we thought it best to close at once, before matters got any worse, and see where we stood. It is probable the suspension will only be temporary. It is hoped our assets exceed our liabilities by a large amount, and if we can find any market for our securities, and are able to collect the money due the firm, there will be no trouble about resuming. CINCINNATI, May 14.-The financial disturbance in New York to-day produced no corresponding trouble in Cincinnati. Extreme caution was exercised by the banks in all transactions, and much anxiety was felt as to thenature and extent of the trouble in New York. Butit did not takethe shape of a run on the banks. The action of Secretary Folger, and the agreement of the New York banks to help each other, went far to quiet the apprehensions of further disturbance. Indeed, the bankers, late in the day, predict the worst is over, and a sharp rally will begin to-morrow. The general expression of opinion was that the New York failures could not cause failures here, and the city has been wholly free from rumois of embarrassment of any bank or business house. The Third national bank, which has an account with the Metropolitan bank, has not had the lightest indication of want of confidence among its depositors on that account. Its balance with the Metropolitan bank is stated by President Hearne to be $25,000. The markets were not affected, further than is usual by the fluctuations in other places. St. LOUIS, May news of the financial crash in New York to-day has had no appreciable effect on business here. There was some excitement on changeas the dispatches from New York followed each other, reporting the different suspensions, but grain and provisions bore the situation remarkably well, and wheat closed generally higher and corn but a very small fraction lower than yesterday. The general opinion of operators on the floor Was that the trouble was local, and few, if any, banks or firms ontside of New York would be affected seriously, WASHINGTON, May 14.-Cannon has recei a dispatch from J. M. Magruder, National bank examiner, Boston, informing him there is no sign of trouble among the banks of that city. ST. JOSEPH, Mo., May 14.-The State savings bank of this city suspended and assigned to-day, C. B. France, president, stating to-night that the bank was intimately connected with Donnell, Lawson & Sampson, of New York, and other banks in New York, which failed to-day. WASHINGTON, May 14.-Hundreds of telegrams have been received by members of congress to-day urging immediate legislative action to relieve the financial strains. The majority of the telegrams were received by representative just before the opening of the house. A meeting of the committee on banking and currency has been called for Monday. WASHINGTON, May 15.-Outside of speculators, who are very much excited, there is little excitement here concerning the financial situation. The people have confidence in banks and bankers, and declare there is not the slightest reason for uneasiness among depositors. LONDON, May 14.-There was one small failure upon the stock exchange to-day. The panic in New York causmuch excitement on the streets after the exchange closed. Louisville & Nashville securities have fallen off nine points, and other leading Amerirailway stocks have fallen from 2 to 5. CONFIDENCE RESTORED. NEW YORK, May 14.-William A. Camp, manager of the New York clearing house, said the failures in Wall street to-day could not be called panic, One bank suspended and a number of brokén firms failed-that the extent of the damage thus far done. The prompt action of the clearing house to-day in the passage a resolution for one bank to sus tain the other has put an end to the excitement, and no aprehension need felt. The situation is far different from that in 1873. Then it took the banks two or three days to decide doing what they have promptly done to-day. Then the trouble was allowed to grow until there was a real panic; now it has been checked at the outset. I believe the Metropolitan bank will resume operations to-morrow, and I do not apprehend any other bank or firm will go under. "What was the cause of, trouble he was asked, and he replied, "It began with the failures of Grant & Ward, and the Marine bank. These occurrences created a feeling of general distrust, for which there was really no occasion. It was fostered by wild rumors set afloat on the streets, and which were reproduced by the newspapers. The action of the Continental bank, in refusing to certify the checks of A. Dyett & Co., and the trouble of John C. Eno and the Second national bank, capped the climax to the general feeling of uneasiness and the result was as seen today. "Who is principally responsible ?" "Those who have circulated and ex agerated the rumors which have been flying about ever since Grant & Ward went under, but, as I said before, all further danger is averted by the action of the clearing house to-day," THE FINANCIAL CRISIS.
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General News Items. Mason county, W. Va, is wild over rich tin finds. The state savings bank of St. Joseph, suspended and assigned. The S. A Richmond Medical company of St. Joseph, Mo., has gone up. Gen. McLaren of Minnesota, is acting secretary of the Republican national committee. Donnell, the New York banker, has $60,000 of property under attachments at St. Louis. The commission house of A. K. Sheppard & Co., doing business on the chamber of commerce Milwaukee suspended payment Haggerty & Sons, auctioneers of St. Louis, made assignment recently. Assets, $43,000; encumbered for $20,500. The liabilities of Emile Desmet of Moss Point, Ala, are $400,000. A mortgage of $150,000 to A. Carriere, New Orleans, covers all the assets. Judge D. J. Goodwin and Col. W. A. Swank of Norfolk desired to fight a duel, bnt a confidential friend informed the authorities and they were bonded to keep the peace. 0, F. Kindred and c. a. Parker of Minnesota all necessary preliminary preparefor embarking on an extensive scale in taining business, near Foraythe, Mont, have purchased a large tract of
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General News Items. Mason county, W. Va., is wild over rich tin finds. The state savings bank of St. Joseph, suspended and assigned. The S. A. Richmond Medical company of St. Joseph, Mo,, has gone up. Gen. McLaren of Minnesota, is acting secretary of the Republican national committee. Donnell, the New York banker, has $60,000 wf property under attachments at St. Louis. The commission house of A. K. Sheppard & Co., doing business on the chamber of commerce Milwaukee suspended payment. Haggerty & Lons, auctioneers of St, Louis, made assignment recently. Assets, $43,000; encumbered for $20,500. The liabilities of Emile Desmet of Moss Point, Ala., are $400,000. Amortgage of $150,000 to A. Carriere, New Orleans, covers all the assets. Judge D. J. Goodwin and Col. W. 4. Swank of Norfolk desired to fight a duel, but a confidential friend informed the authorities and they were bonded to keep the peace. C, F. Kindred and C. C. Parker of Minnesota have made all necessary preliminary prepara tions for embarking on an extensive scale in the cattle raising business, near Forsythe, Mont., where they have purchased a large tract of land for the purpose. W H. Mackney, who some time since bought the McKelvy bonanza farm in Minnesota, has just purchased forty acres of land in the southorn part of Grand Forks, Dakota, for $21,700. He intends to improve it at once and make it his future home. The Springfield Republican, which never tells a lie, and is neighbor to Ella Wheeler's new husband, says Wilcox, the husband, is the cheif salesman for Rogers, Smith & Co., the Meriden silver plate firm, and is not "very wealthy," as the dispatch made him, butis what the Meriden boys call "well fixed." Something of a panic was caused in Portland, Or., recently, by the suspension of the large Chinese firm of Gee Wah & Co. This firm has been engaged in the general merchandising business and contracting. All investigation of affairs shows that the total liabilities approximate $50,000, The assets are small. Mrs. Roger M. Sherman, eldest daughter of the late Gov. Bagley, obtained a decree of di-
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General News Items. Mason county, W. Va., is wild over rich tin finds. The state savings bank of St. Joseph, suspended and assigned. The S. A. Richmond Medical company of St. Joseph, Mo., has gone up. Gen. McLaren of Minnesota, is acting secretary of the Republican national committee. Donnell, the New York banker, has $60,000 of property under attachments at St. Louis. The commission house of A. K. Sheppard & Co., doing business on the chamber of commerce Milwaukee suspended payment Haggerty & Sons, auctioneers of St. Louis, made assignment recently. Assets, $43,000; encumbered for $20,500. The liabilities of Emile Desmet of Moss Point, Ala, are $400,000. A mortgage of $150,000 to A. Carriere, New Orleans, covers all the assets. Judge D. J. Goodwin and Col. W. A. Swank of Norfolk desired to fight a duel, but a confidential friend informed the authorities and they were bonded to keep the peace. C, F. Kindred and C. C. Parker of Minnesota have made all necessary preliminary preparations for embarking on an extensive acale in the cattle raising business, near Foraythe, Mont, where they have purchased a large tract of land for the purpose. W H. Mackney, who some time since bought the McKelvy bonanza farm in Minnesota, has just purchased forty acres of land in the southern part of Grand Forks, Dakota, for $21,700. He intends to improve it at once and make it his future home. May 14, R. H. Cowgill, editor of the Lebanon, Mo., Sentinel, was brought before United States Commissioner Scott and examined on a charge of sending obscene literature through the mail He was bound over in the sum of $500 for his appearance at the September term of court at Jefferson City. The Springfield Republican, which never tells a lie, and is neigh bor to Ella Wheeler's now
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days of 1873, when business was nearly suspended and when fortunes were swallowed up in the twinkling of an eye. Since 1873 it has not required much of an. effort to create an excitement, and so when the firm of Grant & Ward failed for ten millions of dollars and the country could not understand of what the firm's capital originally consisted, or how it was possible for any legitimate business to fall suddenly behind to such an alarming extent, there immediately grew up an uneasiness, a doubting of bankers and brokers generally. Last Thursday the crash came, and a dozen or more small brokers' in New York closed their doors. Fisk & Hatch, a leading firm of brokers, and the most extensive dealers in government securities on Wall street, gave up the ghost. Donnell, Lawson & Simpson, the well known bankers, suspended. The Metropolitan bank closed its doors. No sooner had the news flashed across the continent than the west became alarmed and wanted its money. Two of the firm of D. L. & S. were western men, from Missouri, and the bank had succeeded in becoming the correspondent for a large number of western banks-an hundred in Missouri, and as many in Kansas; and besides was the fiscal agent of the state of Kansas. Of course the announcement of such a failure caused trouble. At St. Joseph, Missouri, the State Savings bank largely owned by Donnell, was compelled to suspend, though it had always been considered safe. At Kansas City a considerable run was made on the banks, and as a matter of self protection they agreed to pay twenty per cent. of all demands, and give certified checks for the balance due depositors. This arrangement was satisfactory, and no serious inconvenience was experienced, though from this distance it is apparent that there was some trembling indulged in by the Kansas City institutions. By Saturday the excitement had about subsided, and up to now no new failures have been reported from the east. It is safe to say that the time is not far distant when the system of gambling in stocks, now the life of Wall street, will be entirely changed. It must be broken up, or only confined to the class who would gamble on the weather, or events as uncertain. Sound business men are fast finding out that they can invest their money in the great and growing west, and besides having it secured by actual property, they can derive a reasonable dividend on their investment. The time has past when the capitalists of the east would as soon think of loaning money on the fish in Boston harbor as on the cattle grazing over western plains. But outside of cattle the west can offer hundreds of other investments absolutely safe. These will, in time, take up the surplus money now being recklessly thrown away on the uncertainties connected with stock speculations. The values of railroad stocks and bonds must be settled municipal obligations must be redeemed or refunded into paper bearing a lower rate of interest, which interest must be promptly paid. Everything in the shape of securities must be trimmed up, re-written, and their exact valuations known. The country is too prosperous, the producing classes too independent, the real capitalists too particular to longer indulge in guess work when seeking investments. The sooner every rotten broker, every unsound bank, every snide financial speculator is forced to the wall the better. We hope to see the list of Wall street gamblers that are compelled to suspend run up into the thousands of names. We hope to hear of the failure of every banking institution that permits its funds used in buying "futures" or in monkeying with "wild cat" stocks. When the rotten branches of this immense financial and commercial tree have been cut off new life must be the
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General News Items. Mason county, W. Va., is wild over rich tin finds. The state savings bank of St. Joseph, suspended and assigned. The S. A. Richmond Medical company of St. Joseph, Mo., has gone up. Gen. McLaren of Minnesota, is acting secretary of the Republican national committee. Donnell, the New York banker, has $60,000 of property under attachments at St. Louis. The commission house of A. K. Sheppard & Co., doing business on the chamber of commerce Milwaukee suspended payment. Haggerty & Sons, auctioneers of St. Louis, made assignment recently. Assets, $43,000; encumbered for $20,500. The liabilities of Emile Desmet of Moss Point, Ala., are $400,000. A mortgage of $150,000 to A. Carriere, New Orleans, covers all the assets. Judge D. J. Goodwin and Col. W. A. Swank of Norfolk desired to fight a duel, but a confidential friend informed the authorities and they were bonded to keep the peace. C, F. Kindred and C. C. Parker of Minnesota have made all necessary preliminary preparations for embarking on an extensive scale in the cattle raising business, near Forsythe, Mont, where they have purchased a large tract of land for the purpose. W H. Mackney, who some time since bought the McKelvy bonanza farm in Minnesota, has just purchased forty acres of land in the southern part of Grand Forks, Dakota, for $21,700. He intends to improve it at once and make it his future home. May 14, B. H. Cowgill, editor of the Lebanon, Mo., Sentinel, was brought before United States Commissioner Scott and examined on a charge of sending obscene literature through the mails. He was bound over in the sum of $500 for his appearance at the September term of court at Jefferson City. The Springfield Republican, which never tells a lie, and is neighbor to Ella Wheeler's new
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The St. Joseph Bank Resumes. ST. LOUIS, June 21.-A special telegram from St. Joseph, Mo., says: "The State Savings Bank will resume business On Monday next. This is the bank that failed on account of the suspension of Donnell. Law oon & Simnson, who were large stocknolders in the concern."