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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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A Loan Association Suspends. WILMINGTON, N. C., Nov. 27.-The Clinton Loan association, at Clinton, Samson 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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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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A Loan Association's Collapse. 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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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.