Article Text
IT'S AWFUL. Leading Institutions of The West go Under. GLORIOUS DEMOCRATIC ADMINISTRATION. In no period of American history has there been such collapsing of what were supposed to be the strongest banks of the country. Nearly all the banks of the famous city of Denver, Colorado, closed their doors without a moment's warning on Tuesday. The great Union National was first to suspend. Its capital stock was over one million dollars. Next the Commercial National and a little låter the Bank of Commerce went under. Frantic mobs rushed wildly about crying "where will it stop." CALAMITIES STILL COME. DENVER, COL.. July 18.-The McNamara Dry Goods Company. one of the largest institutions of the kind here. failed this morning. The liabilities are placed at $260,000. TOLEDO, O., July 18. -The Citizens' Bank, of Ada, the most prominent one in Hardin county, failed to open its doors this morning. ARMOURDALE, KANSAS, July 18. -The Citizens' Bank suspended payment to-day with assets of $151,500 and liabilities of $126, 500. FT. SCOTT, KAS., July 18-The First National Bank, of this city failed to open for business this 1 morning. It had a capital stock of $800,000, fully paid in and has always stood all runs. TOPEKA, KAS., July 18.-The S State Bank Examiner this morning received notice of the failure of the Citizens' Bank, of Kansas N City, Kansas, of the Bank of 0 Richmond, and of the Farmers' and Merchants' Bank at Ossawate tomie. The opinion is expressed t that other institutions through. out the State will soon go under. 1 BOSTON, MASS., July 18.-The Amoskeag mills which will close for the month of August accordvary ing to a vote of its directors at (1) Manchester, N. H., employes 8,000 hands. It has a pay roll of may $225,000 per month and uses 6, 000,000 pounds of cotton per 1 week. Other mills are likely to follow suit. Amoskeag mills is the largest producer of manufactured goods in the world. All the above dispatches were from the news columns of Wednesdays's Wheeling Register.
