9876624aFull suspension
Other: Receiver appointed; officers state depositors will be paid in full.
Click image to open full size in new tab
A Savings Bank Suspends. WARRENSBURG, Mo., July 21.-The Johnson County Savings Bank suspended at noon yesterday and will go into the hands of a receiver. The bank has ample funds, but inability te collect and the heavy runs caused the failure. The officers say that the depositors will be paid in full.
Click image to open full size in new tab
THE SITUATION AT DENVER. Eckles Promises to Give 'Em Time and Things Look Better. CHICAGO, July 21.-The Denver financial flurry is about over. Comptroller of the Currency Eckles has telegraphed the United States bank examiner there to assure the officers of the suspended banks that he will give them time, and aid them in every way possible. He says no bank need fear severe measures by the government where the business has been properly conducted. The run at Colorado's capital is ended. A number of the bus ness houses losed will resume business at once, among them the Flanders Dry Goods company. Others who will resume are the Halleck-Sayre Lumber company and the Tucker Manufacturing company. On the other hand the Roberts-Henderson company and the Adams Manufacturing company have been attached. At other points the following failures have taken place: At Harrisonville, Mo., First National bank-will pay in full; Cheyenne, Wyo., Kent bank and First National-both will probably reopen; Warrensburg, Mo., Johnson County Savings bank-pay in full; Canon City, Colo., First National-pay in full; Grand Junction, Colo., First N tional-pay in full: Manitou and Colorado Springs, J. B. Wheeler & Co., bankers-plenty of assets.
Click image to open full size in new tab
BANK FAILURE IN MILWAUKEE. Assignment of the Commercial Bank. Other Failures Reported. MILWAUKEE, WIS., July 21.-The people about the court-house were thrown into a state of consternation about 10:30 o'clock this morning, when an attorney jumped up the stairs, two steps at a time, leading to the clerk's office and filed a voluntary assignment of the Commercial Bank. This haste was owing to a number of creditors hard on his heels who had attachments and executions to file. The assignee appointed in the papers filed is A. B. Geilfuss, the cashier of the bank, and his bond is placed at $1,200,000. The bondsmen are Albert Conro, Charles F. Pfister and E. Mariner. The entire fund of Mllwaukee county, amounting to $310,624 vas deposited in the Commercial Bank. The newly-organized Milwaukee Electric Rallway Company was also a depositor to the extent of $200,000. During the financial flurry a month ago, caused by the Lappen failure and which resulted in the suspension of the Plankinton Bank, there was quite a run on the Commercial, but it has been generally believed that the institution would weather the storm. As there has been no trouble here for some time the assignment this morning was a great surprise. WARRENSBURG, MO., July 21 The Johnson County Savings Bank suppended yesterday. TACOMA, WASH.. July 21.-The Traders' Bank of Tacoma failed to open for business this morning. The bank's suspension is due to its inability to procure ready money. Its securities are sufficient to pay all obligations and leave a large surplus. Without any run or excitement the deposits of the bank have by a steady drain been reduced since October over 80 per cent.
Click image to open full size in new tab
Telegraphic Tersities. The Commercial Bank of Milwaukee, Wis., has made an assignment. The Johnson County Savings Bank, Warrensburg, Mo. suspended Thursday. The Bank of Crested Butte, Col., has closed. Assets, 865,000 : liabilities, $35,000. The Campbell Lumber Company, Can. ton, O., assigned yesterday for the benefit of creditors. The Traders' Bank, of Tacoma, Wash., failed to open for business yesterday morning owing to its inability to procure ready money. The cruiser Detroit was placed in commission at the Norfolk navy-yard yesterday and the gun-boat Machias at Ports. mouth, N. H. Mrs. William F. Patrick, daughter of the late William G. Brownlow. of Knoxville, Tenn., died yesterday afternoon after a prolonged illness. Vice. President Stevenson and party visited the points of interest at San Francisco yesterday, and at 2.30 in the afternoon took a train for Monterey. A colored woman and her two children were smothered to death in a tenementhouse fire early yesterday morning in the colored quarter of Savannah, Ga. Harry Hill, of Atlanta, charged with forgery and against whom additional warrants were sworn out after he had been released on bond, surrendered yesterday. Mail advices from Mazatlan, Mex., on the Pacific coast. are to the effect that yel. low-fever has made its appearance there, and that many deaths from the disease are reported daily. The Cairo (III.) harbor.boat A. Egans, belonging to the Cairo City Company, broke in two and sank in the Mississippi river at Greenlest's Bend Thursday night. Insured for $10,000. A dispatch from Rome states on good authority that there 18 no cholera at Napies. The dispatch adds, however, that there are several cases of suspicious sickness at Cueno, fifty-five miles southwest of Turin. The miniature battle-ship Bancroft arrived at Annapolis yesterday and was transferred to the charge of Superintendent Phythian. of the Naval Academy, for use in the practical instruction of cadets in the arts of modern warfare. Governor Lewelling, of Kansas, denies the report that he ordered Major- General Percy Daniels, of the State Guard, to goto Pittsburg and assume command of the troops to be sent there to prevent riots and violence among the striking coalminers. The Dutch steamer P. Caland, reported towed into Queenstown by the British steamer Damara, with a broken shaft, will be towed to Rotterdam for repairs. The passengers embarked on a Cork steamer for Millford, and will travel overland to Holland. A Branford (Fla.) special says the negro convict who criminally assaulted and murdered the 9-year-old daughter of Carr Elliott. in Lafayerte county, last week. was lynched Thursday night on the spot where he committed the crime by a mob numbering between three and four hundred. The negro confessed that he was guilty. M. Ducret. editor of the Paris Cocarde, who was arrested on a charge of complicity in the forgery of certain docu. ments alleged to have been stolen from the British Embassy in Paris, was yesterday committed for trial, Norton, the mulatto who furnished M. Ducret with the documents, being committed also on the charge of having forged them.
Click image to open full size in new tab
A Country Bank Suspends. Warrensburg, Mo., July 21.-The Johnson County Savings Bank suspended yesterday.
Click image to open full size in new tab
A Missouri Bank Suspends, WARRENSBURG, Mo., July 21.-The Johnson County Savings Bank suspended at noon yesterday. and will go into the handsof a receiver. The bank has ample funds. but inability to collect and the heavy runs caused the failure. The officers say that the depositors will be paid in full.
Click image to open full size in new tab
NEWTROUBLEIN MILWAUKEE THE COMMERCIAL BANK MAKES AN AS SIGNMENT. IT HAD BEEN LOSING DEPOSITS-THE CRASH DIRECTLY DUE TO THE ATTACHING OF IRON HELD AS COLLATERAL--OTHER INSTITUTIONS GO UNDER. Milwaukee, July 21.-The people about the Court. house were thrown into a state of consternation about 10:30 o'clock this morning when an attorney jumped up the stairs two steps at a time leading to the office of the clerk of the courts and filed a voluntary assignment of the Commercial Bank. This haste was owing to a number of creditors who were hard on his heels with attachments and executions to file. The assignee appointed in the papers filed is A. R. Gellfuss, the cashier of the bank, and his bond is placed at $1,200,000. This was given by Albert Conro, Charles F. Pfister and E. Mariner. The entire fund of Milwaukee County, amounting to $310,624. was deposited in the Commercial Bank. The newly organized Milwaukee Electric Railway Company was also a depositor to the extent of $200,000. The last statement of the bank showed the demand deposits to amount to $557,748 22, and the time deposits to $528,915 22. The assets were $1,656,850, of which $1,315,278 was in loans and discounts. The bank has a capital of $250,000. The following are the principal stockholders: A. B. Gellfuss, $22,000; E. R. Paine (president), $20,000; J. P. Pierce, $14,000; J. G. Flint (vice-president), $11,000; H. M. Benjamin, $11,000; W. H. Timlin, $10,000; John Kremer, $10,000; A. L. Kane, $10,000; F. Schlesinger, $10,000; Harry Reubens, $10,000; A. H. Wagner, $7,500. During the financial flurry a month ago, caused by the Lappen failure, resulting in the suspension of the Plankinton Bank, there was a run on the Commercial, but It has been generally believed that the Institution would weather the storm. As there has been no trouble here for some time, the assignment this morning was a great surprise. It had no effect on the other banks. The direct cause of the suspension of the bank at this time is attributable to the failure of the Douglas Furnace Company of Sharpesville, Penn., of whose certificates of stored pig iron the Commercial had about $130,000. It 1s declared that somebody, ignoring those certificates, had the Sheriff attach the iron. W. H. Timlin, the legal representative of the Commercial, when asked about the situation, said If those certificates are genuine, as they are supposed to be, we shall be all right. If we can get the pig iron the warrants call for, and to which we are legally entitled, we shall come out O. K. The deals with the Pennsylvania concern have been through the Schlesinger people." For some time depositors in the Commercial Bank have been quietly withdrawing their money from it until there was, at the time of closing the institution, only about $30,000 of demand certificates on hand. Some of the heavlest depositors had reduced their deposits greatly. One corporation, which had at times as high as $50,000 in the bank on deposit, had only 11 cents there when the doors were closed. Tacoma, Wash., July 21.-The Traders' Bank of Tacoma failed to open for business this morning. The suspension is due to its inability to procure ready money. Its securities are sufficient to pay all obliga¹tions and to leave a large surplus. Without any run or excitement the deposits of the bank have, by a steady drain, been reduced since October over 80 (per cent. It is expected that arrangements will be made to resume business within a short time. . Warrensburg, Mo., July 21.-The Johnson County Savings Bank suspended at noon yesterday, and will go into the hands of a receiver. The bank has ample funds, but inability to collect and the heavy runs caused the failure. The officers say that the depositors will be paid in full. Harrisonville, Mo., July 21.-The First National Bank of Harrisonville, suspended payment yesterday morning, and is in the hands of the Controller of the Currency. The capital stock is $50,000, assets between $80,000 and $90,000. liabilities between $30,000 and $40,000. Stringency of the money market and failure to realize on collateral are the causes of the suspension. 88 Washington, July 21.-The Controller of the Currency learned to-day that the First National Bank of Cheyenne, Wyo., had failed. .
Click image to open full size in new tab
A Savings Bank Suspends. The Johnson County Savings bank, at Warrensburg. has suspended. The cashier savs the assets of the bank are double the liabilities. and every depositor will be paid in full. While the bank is said to have plenty of good collateral. ready cash could not be realized. and it was decided to go into the hands of a receiver. WARRENSBURG, Mo.. July 22.-Hon. T. J. Whitesett has been appointed receiver of the Johnson County savings bank. According to a statement made by the bank officials. the assets of the bank are placed at $200,000 and the liabilities at about $100,000. It is claimed the depositors will be paid in full at an early day. Appointed to the Naval Academy. WASHINGTON. July 24.-Following appointments to the naval academy at Annapolis, Md., have been made in Missouri: Second District-William Hill. Fourteenth District-R. R. Roehle. Asks the Police to Aid Him. The excise commissioner of Se. Louis has called upon the police department for assistance to suppress unlawful saloons, calling attention to section 4570. Pays No Taxes. There is property to the value of nearly $40,000,000 not taxed in St. Louis. It consists of churches, hospitals, city and government buildings. Missouri State Fair Association. W. J. Millby has been appointed, by the Pettis county circuit court, receiver for the Missouri State Fair association. He gave bond for $30,000. New Bank at Amity. The bank of Amity, De Kalb county. has been incorporated, with a capital stock of $10,000. Sidney Bull and others incorporators. Drifted Into Another Channel. It is charged that $1,000 collected for the benefit of the Higginsville home for ex-confederates has been diverted tc another use. Said to be a Shortage. It is stated that a shortage of $350
Click image to open full size in new tab
Could Not Collect Its Assets. WARRENSBURG. Mo., July 21.-The Johnson County Savings Bank suspended, yesterday, and will go into the hands of a receiver. The bank has ample funds, but inability to collect and the heavy runs caused the failure. The officers say that the depositors will be paid in full.
Click image to open full size in new tab
A Savings Bank Suspends. The Johnson County Savings bank, at Warrensburg. has suspended. The cashier savs the assets of the bank are double the liabilities. and every depositor will be paid in full. While the bank is said to have plenty of good collateral ready cash could not be realized. and it was decided to go into the hands of a receiver. WARRENSBURG Mo.. July 22.-Hon. T. J. Whitesett has been appointed receiver of the Johnson County savings bank. According to a statement made by the bank officials. the assets of the bank are placed at $200,000 and the liabilities at about $100,000. It is claimed the depositors will be paid in full at an early day. Appointed to the Naval Academy. WASHINGTON, July 24.-Following appointments to the naval academy at Annapolis, Md., have been made in Missouri: Second District-William Hill. Fourteenth District-R. R. Roehle: Asks the Police to Aid Him. The excise commissioner of St. Louis has called upon the police department for assistance to suppress unlawful saloons, calling attention to section 4570. Pays No Taxes. There is property to the value of nearly $40,000,000 not taxed in St. Louis. It consists of churches, hospitals, city and government buildings. Missouri State Fair Association. W. J. Millby has been appointed, by the Pettis county circuit court. receiver for the Missouri State Fair association. He gave bond for $30,000. New Bank at Amity. The bank of Amity, De Kalb county, has been incorporated, with a capital stock of $10,000. Sidney Bull and oth. ers incorporators. Drifted Into Another Channel. It is charged that $1,000 collected for the benefit of the Higginsville home for ex-confederates has been diverted to another use. Said to be a Shortage. It is stated that a shortage of $350 confronts the bondsmen of A. D. R. Hamby the transmear of Dauglass