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An Expected Failure. WILMINGTON, N. C., Nov. 27.-The Clinton Loan association at Clinton, Simpson connty, has suspended. It was a small state banking company with a capital of $50,000 and has been known to be in a shaky condition for some months.
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TELEGRAPHIC BREVITIES. The grand jury in New York has indicted Chace, the alleged oplum smuggler. At Lehigh, I. T., yesterday, two unknown men fired into the house of Peter Fleanteau and killed his wife. A Mormon elder by the name of Taylor Is converting the people of Millie, Mich, by the EDORE. An exedus of the population is in progress. A man bss been arreated in B town not far from the scane of the recent Western Union Junction train robbery, and charged with the crime. The Clinton Loan Association at Olinton, N. C., bas suspended. It was a small State banking company, with a capital of fifty thousand dollars. The formation of & tonnage pool, to include all freight between Chicago and the Atlantic seaboard, has been favorably considered by the trunk lines. Mrs. Anthony J. Drezel, wife of the head of the great banking house of Drexel & Co., died this morning at her country house, Bunnymode, Delaware county, Pa. In a glove fight to a finish at Birmingham, Ala., last night, Eugene McElroy, of Birmingham, knocked out Frank Fitzwilliams, of Cincinnati, in the third round. In a Chicago saloon row last night Robert W. Tasker, a laborer, was shot and instant!y killed by I. W. Simon, a son of the proprietor. Young Simon claims that he fired the fatal shot to save his father's life, as Tasker waschoking him. The firm of Field, Lindley, Wiechers & Co., bankers and brokers of New York, RSsigned to-day. The head of the firm is a son of Cyrus W. Field. Assignee Gould, when seen at the firm's office this afternoon, said: "The assignment was made for this reason: Elward M. Field, the senior mem. ber of the firm, has apparently gone dis. tracted."
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The Clinton Loan association, at Clinton. N. C., has suspended. It was a small state banking company with a capital of $50,000, and has been known to be in a shaky condition for some months. As it is, the failure has no connection with the suspension of the First National bank of that state.
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Loan Association Failure. WILMINGTON (N. C.), Nov. 27.-The Clinton Loan Association at Clinton, Sampson County, has suspended. It was a small State banking company, with a capital of $50,000, and has been known to be in a shaky condition for some months. Its failure has no connection whatever with the suspension of the First National Bank of this city.
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Other Business Troubles. CHICAGO, Nov. 27.-A bill was filed in the circuit court today by M. Lamb and Sarah A., Edith and Virginia Copeland, of Washington City, asking the appointment of a receiver for the American Mining and Smelting Company. an Illinois corporation owning three silver mines in Colorado, on which it has expended nearly $500,000. Complainants assert that in October, 1889, they owned $321,000 of stock, and that by fraudulent manipulations Daniel P. Hells and C. A. Otis have deprived them of their rights. WILMINGTON, N. C., Nov. 27.-The Clinton Loan Association, at Clinton, Simpson county, has suspended. It was 8 small state banking company. with a capital of $50,000, and has been known to be in n shaky condition for some months. Its failure has no connection with the suspension of the First National bank of this city.
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Loan Association Fails. WILMINGTON. N. C., Nov. 27.-The Clinton loan association at Clinton, Sampson county, has suspended. It was a small state banking company, with a capital of $750,000, and has been known to be in a shaky condition for months. Its failure has no connection with the sussion of the First national bank of this city.
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Clinton Loan Association Suspends. WILMINGTON, N C., Nov. 27.-The Clinton Loan association at Clinton, Sampson county, has suspended. It was a small state banking company with a capital of $50,000, and has been known to be in a shaky condition for somemonths. Its failure has no connection whatever with the suspension of the First National bank of this city.
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SPARKS FROM THE TELEGRAPH. Two unknown men fired into the honse of Peter Fleautean at Lehigh, 1. T., and killed his wife. The Clinton Loan Association at Clinton, Sampson county. N. c., has suspended. It was a State banking company with a capital of $50,000. The U.R. ship Concord has arrived at St. Thomas. with all well on board. Mail should be addressed for the next twenty days to Barbadoes. Christian K. Ross, father of Charley Ross. says that G. Henry Stratton, who recently died at Bellevue Hospital after having tried to out-do Succi, the faster. was not the long-lost boy. Gen Armistrong President of the Hampton Institute. Virginia, was stricken with parklysis while addressing a Bleeting in Stoneham. Mass., Thursday evening. and It is anid that he can live but is short time. George P. Blackburn, an ex-member of the Pennsylvania Legislature, was arrested yesterday at Greensbarg. charged with issuing forged tax receipts on election day. He will have a hearing on Monday. Round Pond. the source of supply of water for West Point, is very low, and orders have been issued by the Adjutant to shut off the mains from 8:80 P. M. to 4:80 A. M., except in case of fire. The daily consumption of water on the reservation is 227.000 gallons, or over 200 gallons for every person on the Point. On the body of a man found floating in the Hudson, on Hampton Ferry, was tound pawn ticket No. 55,573, issued by II. Samuels, 417 Grand street, Brooklyn. on Oct. 20, to one Dutton for a pair of trousers. It is thought that by this the body can be identified. He was about is feet " inches in height and about 26 years old. The fast train on the Louisville and Nashville road was in collision on Thursday afternoon with a wrecker near Warrior. Ala. Both engines were demolished, and a negro tramp was instantly killed. The mail agent was caught by the timbers, but was extricated. Engineer Love jumped for his life and was badly hurt. The wrecker was on its way to clear a freight wreck.
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South and West. THE North Star Boot & Shoe Company building at Minueapolis, Minn., was totally destroyed by fire. The loss on building is $100,000; on stock, $300,000 THE remains of Governor Hovey were state at were of dianapolis, sands placed in people. Ind., and the The Capitol Grand viewed building Army by of in thou- the InRepublic held memorial exercises, in which ex-Governors Gray and Porter participated THE blizzard overwhelmed a company of emigrants on Chilbowie Mountains, Tenn. Fifteen were said to have perished. NEAR Canton Station, Washington, several thousand yards of earth and stone fell from a high bluff. The tracks were covered ten feet deep for a distance of sixty feet. Some of a gang of men working there were buried. Two were killed. Seven were: 1010 or less injured. THE First National Bank of Wilmington, N. C., has suspended payment. DIRECTORS and officials of the Louisiana Lottery Company arrested at New Orleans under indictments from Sioux Falls, South Dakota, for violation of the anti-lottery laws, were arraigned in the United States District Court and released on $1000 bonds each, to appear before the Dakota Court at ts next termin March. THE funeral of the late Governor Hovay, of Indiana, took place at Mount Vernon. Ten thousand persons were present. GEORGE W. MORGAN, a prominent young merchant of Marion, Ala., committe. suicide by shooting himself through the head in the presence of his mother. Excessive drink, which brought on despondency, was the cause of the deed. THE two-year-old son of the millionaire cattleman, David T. Beals, who was kidnapped from his home in Kansas City, Mo., was recovered upon the payment of $5000, which the father had offered for the child's return. A nurse girl, who was known as Lizzie Smith, stole the child. THE Clinton Loan Association of Clinton, Sampson County, N. C., has suspended. It was a small State banking concern, and had about $50,000 capital. GEORGE MOXEY, colore., was taken from the jail at Many, La., by a moh and hanged tree. a as was to thirteen-year-old the nearest white Moxey girl caught she little returning home from school and assaulted her. A LOCOMOTIVE exploded about a mile south of Akron, Ohio. The body of the engineer, John Byron, was foun 600 yards south of the track, while that of his fireman, George Parker, was 200 feet north. GUS SIMONDS and Frank Garrett were hanged at Mansfield, La., for the murder of anunknown white man near Gloster. They confessed their crime on the scaffold. Loreuz) Perez was hanged at Midland, Texas, for the murder of some cowboys.
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South and West. THE two-year-old son of the millionaire cattleman, David T. Beals, who was kidnapped from his home in Kansas City, Mo., wasrecovered upon the payment of $5000, which the father had offered for the child's return. A nurse girl, who was known as Lizzie Smith, stole the child. THE Clinton Loan Association of Clinton, Sampson County, N. C., has suspended. It was a small State banking concern, and had about $50,000 capital. GEORGE MOXEY, colored, was taken from the jail at Many, La., by a mob and hanged to the nearest tree. Moxey caught a little thirteen-year-old white girl as she was returning home from school and assaulted her. A LOCOMOTIVE exploded about a mile south of Akron, Ohio. The body of the engineer, John Byron, was found 600 yards south of the track, while that of his fireman, George Parker, was 200 feet north. Gus SIMONDS and Frank Garrett were hanged at Mansfield, La., for the murder of an unknown white man near Gloster. They confessed their crime on the scaffold. Lorenzo Perez was hanged at Midland, Texas, for the murder of some cowboys. A. S. FROMAN and William Rivers, two well known citizens. fought at Weatherford, Texas, over the killing of a dog, Froman being armed with a shot gun and Rivers with a revolver. Froman was killed on the spot and Rivers lived only a few hours. D. C. THOMAS, employe of the Brittain Packing Company, shot and killed John Hockridge, proprietor of a boarding house at Marshalltown, Iowa, and then killed himself. Thomas was insane. JOSEPH WOLPH and John Miller, farmers, fought at Wapakoneta, Ohio, over a disputed line fence. One was armed with an ax and the other with a hatchet, and both were killed. THE big grain elevator at Escamaba, Mich., owned by the "Soo" road, with 150,000 bushels of grain, was burned. The flames communicated to the flour sheds, docks and coal pits, and 10,000 barrels of flour and 40,000 tons of coal were also destroyed. The losses will aggregate about $250,000. THE great public benefactor known in history as "Land Bill" Allen ended his days in the Franklin County (Ohio) Infirmary after suffering one week from paralysis. Mr. Allen was born in Windom, Conn., May 23, 1810. A SPAN of a bridge on the great Northern Railroad extension at Kalispell, Montana, fell, taking down with it fifteen men. Five were killed and the others injured. ARCHBISHOP KENRICK'S fiftieth anniversary as a bishop in the Catholic Church was celebrated in St. Louis, Mo., with great demonstration. THE Apaches are on the warpath in Arizona and have committed several depredations. One man has been killed and another wounded, and the settlers are arming to protect themselves. A DISASTROUS fire occurred at New Orleans, La., destroying the main building, a frame structure used as a library, and several other buildings belonging to the Straight University for Colored People. The loss is $300,000. FIRE caused by crossing wires in the Arc Light and Power Company's works, Chicago, Ill., did $300,000 damage. MARTIN C. BARTHAL, for twenty-five years manager of the Concordia Publishing Company, of St. Louis, Mo., has confessed that he is an embezzler to the extent of $50,000, and has implicated his son, Martin H. F. Barthal, who has fled.
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THE BANK RECEIVER HERE. Commenced Work at Once---A Difficult Work--A Good Man in Charge. Mr. W.A. Dunn of Scotland Neck arrived Monday night. As before stated Mr. Dunn was appointed by Judge Whitaker receiver to wind up the affair of the Old Clinton Joan Association (joint stock company) and the new bank, known as Olinton Loan Association, which were decided as insolvent before the Superior court in Wake county, on Dec. 22nd. THE CAUCASIAN has given every possible item of information about our bank tr: uble, and has used every diligent mean in informing its readers of its affairs, and shall continue to do so. We called on Mr. Dunn and found him hard at work in the old bank office. Of course he could givo no intelligent statements in so short a time but we found him very willing to make any statements he thought would be of any interest or information to the people. He seems very much in earnest and will begin work at once and use every possible means to make a prompt and just statement. And we feel safe in predicting a very satisfactory settling up of the bank, and we think it very fortunate for all concerned that Mr. Dunn accepted the receivership. HIS DUTIES. It may be of some information to give some of the duties of the receiver and how payments are made. A receiver of a bank is like an administrator of an estate He collect all claims and disposes of its property and then report to the court how much he has on hand, and then by order of the court pay it out e pro rata. It is not necessary to get S judgment to hasten payment, for one S claims can not be paid before another, S but equal payment to all. It is Mr. Dunn's duty to collect all 11 claims, notes &c., held by the bank. We believe he will deal as liberally as possible with all, but they have to be collected. Now let all realize this and try and pass this trouble off as lightly and e quietly as possible.
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BANK STOCKHOLDERS HOLD A MEETING Trying to Stop Lawsuits and Settle the Tronble. The stockholders of the Clinton Loan Association held a meeting in Olinton Tuesday. A majority of the stock was present or represented. A resolution was passed to the ffect that each stockholder should guarantee to become responsible for the indebtedness of the bank to the amount of the stock held by each in addition to the stock held This will probably guarantee an amount sufficient to cover all indebtedness we are told. If this is so, it will make all lawsuits started unnecessary and put the business in such a shape that receiver Dunn can proceed to wind up the business satisfactorily. A committee composed of Mess's. H. E Faison, T. M. Lee, Abram Hobbs and J. L Stewart, was appointed to see stockholders not present and urge them to agree to the same policy. This committee will a'so represent the s'ockholders in an executive capacity till the next meeting of the stockholders, which will be on July 7th. A committee was also appointed to wait on Mr. A. F. Johnson and to offer a compromise settlement with him of the amount that it has been claimed that he owed. The stockholders have shown a proper spirit. Now would it not be well for the depositors to meet them part of the way with some equitable compromise? We think if the stockholders and depositors can have an understanding this whole very troublesome and complicated matter might soon be settled without long delay and heavy cost in lawsuits.