Article Text
Bank Closes Its Doors. Charlotte, N. C., Feb. 10.-As the result of a run of ten days the bank of Dunn. a State institution. today closed its doors. The capital is $22,000; assets. $115,000. Depositors will probably be paid in full.
11699. Bank of Dunn (Dunn, NC)
Bank Information
- Episode Type
- Run → Suspension → Closure
- Bank Type
- state
- Start Date
- February 10, 1904
- Location
- Dunn, North Carolina (35.306, -78.609)
Metadata
- Model
- gpt-5-mini
- Short Digest
3acc28ab
Response Measures
Full suspension, Books examined
Description
Contemporary reports (Feb 11) state the bank closed its doors as the result of a run of ten days. Subsequent local reporting (Feb 17-23) indicates the State Bank Examiner and the North Carolina Corporation Commission took charge, declared the bank insolvent, and a receiver was appointed; the bank did not resume normal operations. Cause of the initial withdrawals is not specified in the articles, so classified as unknown ('other') for the run. OCR inconsistencies in some articles (capital/resource figures vary slightly) corrected where obvious.
Events (3)
1.
February 10, 1904
Run
- Cause Details
- Newspapers report a run of ten days but do not specify a trigger (rumor, correspondent failure, or other).
- Measures
- Closed doors (ceased payments)
- Newspaper Excerpt
- As the result of a run of ten days the Bank of Dunn, a State institution, today closed its doors.
- Source
- newspapers
2.
February 17, 1904
Suspension
- Cause
- Government Action
- Cause Details
- Corporation Commission ordered the State Bank Examiner to take charge after his report found the bank insolvent and conducting business in an unsafe manner.
- Newspaper Excerpt
- State Bank Examiner J. O. Ellington notified the Corporation Commission ... that he finds the Bank of Dunn insolvent, and the commission instructed him to take charge and hold the assets until a receiver can be appointed.
- Source
- newspapers
3.
February 23, 1904
Receivership
- Newspaper Excerpt
- MR. J. C. CLIFFORD RECEIVER. Appointed by Judge Allen to Take Charge of the Bank at Dunn. ... he had appointed Mr. J. C. Clifford, of Dunn, receiver for the Bank of Dunn, which was recently closed by the Commission upon the report of State Bank Examiner Ellington.
- Source
- newspapers
Newspaper Articles (19)
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North Carolina Bank Failure. CHARLOTTE, N. C., Feb. 11.-As the result of a run for ten days the Bank of Dunn, a state institution, has closed its doors. The capital is $22,000; assets, $115,000. Depositors will probably be paid in full.
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State Bank Closes Its Doors. Charlotte, N. C., February 10,--As the result of a run of ten days the Bank of Dunn. a state institution. today closed its doors. The capital is $22,000: asets, $115,000. Depositories will probably be paid in full.
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North Carolina Bank Failure. CHARLOTTE, N. C., Feb. 11.-As the result of a run for ten days the Bank of Dunn, a state institution, has closed its doors. The capital is $22,000; assets, $115,000. Depositors will probably be paid in full.
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STATE NEWS. The Democratic State Executive Committee has been called to meet in Raleigh March 17th to name the time and place for the meeting of their convention. The little four year old son of Mr. and Mrs. J. D. Luper of Spring Hope, was burned to death Monday. Mr. W. A. Stewart has been appointed receiver for the Bank of Dunn, which was compelled to close its doors last week on account of inability to meet demands of its depositors. The appeal of Alfred Daniels, the negro charged with the murder of Mr. F. G Simmons, is being argued in the Supreme court. Several parties have put in bids for the lease of the Atlanta and North Carolina Railroad. It is said the Governor is not in favor of the lease. Jabel Register will be hanged at Whiteville a week from to-day. It is said the hanging will be public. Hon. W. J Bryan will lecture at the Metropolitan Hall in Raleigh next Monday night. The Corporation Commission has ordered the Atlantic Coast Line to make connection with the Southern at Selma. The Coast Line has appealed from this order.
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THE NEWS IN BRIEF. For the Week Ending Feb. 18. Bandits dynamited the safe of a bank at Ravia, I. T., and secured $1,700. Burglars wrecked the interior of the Millerstown (Pa.) bank and got $500. After a run of ten days the Bank of Dunn, N. C., a state institution, closed its doors. Paul Misik, convicted of the murder of Charles O'Brien, was hanged at Hartford, Conn. The Equitable national bank of New York city closed its doors, with deposits of $395,273. The Citizens' national bank, of McGruder, Tex., closed its doors with liabilities of $134,603. A national boxing association has been organized at Detroit to control professional boxing. Henry W. Oliver, of Pittsburg, capitalist, steel master and politician, died at the age of 64 years. Erastus Wiman, once a famous promoter, died poor on Staten Island, N. Y., at the age of 70 years. The 20,000 rural free delivery mail carriers in the United States will have a holiday February 22. Rev. Mr. Soden, a Baptist minister, a Miss Clinton and a child were killed in a tornado at Union, Ark. Four men were crushed to death at Steubenville, 0., by the caving in of a pile of iron ore at a mine. Fourteen persons were killed and more than a score injured in a railway collision near Sand Point, Ont. John A. Roche, mayor of Chicago from 1887 to 1898, died suddenly of heart disease, aged 60 years. Ice gorges in the Susquehanna river were causing great damage at Wilkesbarre, Pa., and other places. The new customs duties announced by Cuba practically prohibit American competition in many articles. Mayor Johnson formally opened the national bowling tournament at Cleveland by rolling the first ball. Andre Matteson, for 20 years editor of the Chicago Times, died at his home in Highland Park, Ill., aged 75 years. George Bearskin, principal chief of the Seneca Indians, was found frozen to death by the roadside near Cayuga, I.T. The Iowa convention to select delegates to the national democratic convention will be held in Des Moines on May 4. Four men were shot to death and three wounded at Coal Creek, Tenn., in a fight between union and nonunion miners. James McDonald, a teamster, was arrested at Bedford, Ind., on suspicion of being the murderer of Miss Sarah C. Schafer. Rev. G. Campbell Morgan, former London preacher, has been called to the Second Presbyterian church in Chicago as pastor. Two twin baby sisters named Black were so badly bitten by rats at the Logan county children's home in Ohio that they died. Owing to a shortage of $57,500 in the cashier's accounts the savings department of the Wolfboro (N. H.) Loan bank closed. Twenty persons leaped from the thirdstory windows of a burning factory building in Brooklyn, N. Y., and five were fatally injured. August W. Machen, the central figure in the postal trial in Washington, took the witness stand and denied all the charges preferred against him. Rev. James Warden, who for 60 years was an active Methodist minister, has at the age of 102 years been admitted to the Baltimore (Md.) almshouse. Two of the three great buildings of the Corn Products company were destroyed by fire at Oswego, N. Y., causing a loss exceeding $1,000,000. A banquet 40 feet under Jackson boulevard, in the Illinois Telephone company's tunnel, was given by the latter to 1,200 guests in Chicago. Secretary Taft told the house committee on insular affairs that slavery had been abolished in the Philippines by legislative action taken there. Advices say that the powers of the world are indorsing Secretary Hay's plan and that the integrity of China is assured no matter how the Russo- Jan-
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THE NEWS IN BRIEF. For the Week Ending Feb. 13. Bandits dynamited the safe of a bank at Ravia, I. T., and secured $1,700. Burglars wrecked the interior of the Millerstown (Pa.) bank and got $500. After a run of ten days the Bank of Dunn, N. C., a state institution, closed its doors. Paul Misik, convicted of the murder of Charles O'Brien, was hanged at Hartford, Conn. The Equitable national bank of New York city closed its doors, with deposits of $395,273. The Citizens' national bank, of McGruder, Tex., closed its doors with liabilities of $134,603. A national boxing association has been organized at Detroit to control professional boxing. Henry W. Oliver, of Pittsburg. capitalist, steel master and politician, died at the age of 64 years. Erastus Wiman, once a famous promoter, died poor on Staten Island, N. Y., at the age of 70 years. The 20,000 rural free delivery mail carriers in the United States will have a holiday February 22. Rev. Mr. Soden, a Baptist minister, a Miss Clinton and a child were killed in a tornado at Union, Ark. Four men were crushed to death at Steubenville, O., by the caving in of a pile of iron ore at a mine. Fourteen persons were killed and more than a score injured in a railway collision near Sand Point, Ont. John A. Roche, mayor of Chicago from 1887 to 1898, died suddenly of heart disease, aged 60 years. Ice gorges in the Susquehanna river were causing great damage at Wilkes. barre, Pa., and other places. The new customs duties announced by Cuba practically prohibit American competition in many articles. Mayor Johnson formally opened the national bowling tournament at Cleveland by rolling the first ball. Andre Matteson, for 20 years editor of the Chicago Times, died at his home in Highland Park, Ill., aged 75 years. George Bearskin, principal chief of the Seneca Indians; was found frozen to death by the roadside near Cayuga, I. T. The Iowa convention to select delegates to the national democratic convention will. be held in Des Moines on May 4. Four men were shot to death and three wounded at Coal Creek, Tenn., in a fight between union and nonunion miners. James McDonald, a teamster, was arrested at Bedford, Ind., on suspicion of being the murderer of Miss Sarah C. Schafer. Rev. G. Campbell Morgan, former London preacher, has been called to the Second Presbyterian church in Chicago as pastor. Two twin baby sisters named Black were so badly bitten by rats at the Logan county children's home in Ohio that they died. Owing to a shortage of $57,500 in the cashier's accounts the savings department of the Wolfboro (N. HI) Loan bank closed. Twenty persons leaped from the thirdstory windows of a/ burning factory building in Brooklyn, N. Y., and five were fatally injured. August W. Machen, the central figure in the postal trial in Washington, took the witness stand and denied all the charges preferred against him. Rev. James Warden, who for 60 years was an active Methodist minister, has at the age of 102 years been admitted to the Baltimore (Md.) almshouse. Two of the three great buildings of the Corn Products. company were destroyed by fire at Oswego, N. Y., causing a loss exceeding $1,000,000. A banquet 40 feet under Jackson boulevard, in the Illinois Telephone company's tunnel, was' given by the latter to 1,200 guests in Chicago. Secretary Taft told the house committee on insular affairs that slavery had been abolished in the Philippines by legislative action taken there. Advices say that the powers of the
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DUNN'S OTHER BANK CLOSED State Bank Examiner in Charge Until Receiver Can be Appointed. (Special to The Times-Dispatch.) RALEIGH, N. C., Feb. 17.-State Bank Examiner J. O. Ellington notified the Corporation Commission this morning that he finds the Bank of Dunn La insolvent, and the commission instructed him to take charge and hold the assets until a receiver can be appointed. It was only a few days ago that the Merchants' and Farmers' Bank, the only other bank of the town, closed its doors and W. A. Stewart was appointed receiver. The president of the Bank of Dunn is L. J. Best and the cashier J. W. Purdle. The capital was $20,000, and the last report showed resources of the bank were $57,075.29; deposits subject to check amounted to $25,144.70, and time certificates of deposit, $2,406.70.
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CAUSED GREAT SURPRISE. Bank Had Ample Cash on Hand to Meet Its Demands. (Special to The Times-Dispatch.) DUNN, N. C., Feb. 17.-It came as a flash of lightning from a clear sky, the announcement that the Bank of Dunn had been closed by the Corporation Commission early this morning. There had been no run on the bank, and It had ample cash on hand to meet Its demands. The cause of the order of the commission closing the bark is not known. The failure of the two banks here in such quick succession has seriously disturbed business conditions, but the energetic citi zens of Dunn are sure that It is only temporary, and they are undaunted.
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THE BANK OF DUNN GOES UNDER Reported Unsafe, Commission Puts Bank Examiner in Charge. Now comes the news that the Bank of Dunn has failed. Yesterday the Corporation Commission after receiving a special report from State Bank Examiner John O. Ellington, who is now in Dunn, directed him to take charge of the affairs of the bank until a receiver could be appointed. Here is the order of the Commission: "It appearing to the Corporation Comsion upon report of John O. Ellington, State Bank Examiner, that the Bank of Dunn is insolvent and is conducting its business in an unsafe and unauthorized manner, and is jeopardizing the interests of its depositors: "It is ordered that the State Bank Examiner take and retain possession of all the money, rights, credits, assets and property of every description belonging to said bank until a receiver can be appointed upon application of the Corporation Commission for the purpose of winding up and settling the affairs of said bank." in When Mr. Ellington was in Dunn last week, looking after the affairs of the Merchants and Farmers Bank, he examined the Bank of Dunn. Later, after Mr. W. A. Stewart as receiver had taken hold of the Merchants and Farmers, the State Bank Examiner went back to Dunn and 1 made a further examination of the Bank of Dunn. As a result of that investigation he sent the report referred to above, and the Corporation Commission at once instructed him to remain in Dunn and take charge of the bank. So he is now in possession of the affairs. At the last call of the Corporation Commission for statements of the State, private and savings banks, the Bank of Dunn failed to send in a statement to the Commission. The last printed statement of the condition of the bank showed assets of $56,745. Mr. L. J. Best is president of the bank, and Mr. R. A. Nixon is cashier. The capital stock is $20,000. The News and Observer's correspondent at Dunn yesterday wired as follows concerning the failure: (Special to News and Observer.) Dunn, N. C., Feb. 17.-it came as a flash of lightning from a clear sky, the announcement that the Bank of Dunn had been closed by the Corporation Commis sion early this morning. There had been no run on the bank and I it had ample cash on hand to meet its demands. The cause of the order of I the Commission closing the bank is not 2 known. The failure of our two banks S in such quick succession has seriously 1 disturbed business conditions, but our 1 energetic citizens are sure that it is only e temporary and they are undaunted.
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Bank of Dunn Goes to Wall. Raleigh, N. C., Feb. 18.-Another bank at Dunn has failed. Last week the Farmers and Merchants' bank there went to the wall after a run for several days and will not resume business. Today the corporation commission directed Bank Examiner Ellington to take charge of the Bank of Dunn. The bank's last report to the corporation commission is dated Jan. 22 and showed liabilities aggregatin $62,545.
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After a run of ten days the Bank of Dunn, N. C., a state institution, closed its doors. Winsor T. White, of Cleveland, O., has been made president of the National Association of Automobile Manufacturers. Baltimore decided to ask for federal troops to patrol the fire-swept district, as the militiamen are needed by their employers in the effort to save business. Mayor McLane decided not to ask for outside aid at present. Secretary Taft told the house committee on insular affairs that slavery had been abolished in the Philippines by legislative action taken there. Charles F. Gould, aged 55, editor of the Evening Bulletin, fell dead while sitting at his desk in Evansville, Ind. Ice gorges in the Susquehanna river were causing great damage at Wilkesbarre, Pa., and other places. Paul Misik, convicted of the murder of Charles O'Brien, was hanged at Hartford, Conn. The Equitable national bank of New York city closed its doors, with deposits of $395,273. A banquet forty feet under Jackson boulevard, in the Illinois Telephone company's tunnel, was given by the latter to 1,200 guests in Chicago. James McDonald, under arrest at Bedford, Ind., charged with the murder of Miss Schafer, collapsed when taken to the scene of the crime. The Iowa antitrust law has been declared unconstitutional by Judge Pratt, of the Waterloo district court. Cattle raisers and shippers of the west charge railroads with conspiracy and with making freight rates excessive. President Roosevelt issued a proclamation, insisting that the citizens of the United States maintain strict neutrality in the Russo-Japanese war. August W. Machen in the postal trial in Washington concluded his testimony and the defense announced that it rested its case. In a fit of insanity at Fort Dodge, Ia., Miss Hulda Nelson killed her mother, a wealthy widow, and then committed suicide. Harlan W. Whipple, of Chicago, has been elected president of the American Automobile association. Two children, aged three and five years, of John E. Butler, were cremated in his home at Superior, Wis. Continued cold weather is a bar to spring trade in the west. Charles E. Kruger was hanged at Greensburg, Pa., for killing Constable Harry Bierer on July 9 last. At Syracuse, N. Y. the American exchange national bank closed its doors with liabilities of $500,000. Three students were expelled from McAllister university at St. Paul for hazing another student. Twenty-five independent tobacco manufacturers formed a league at a Boston meeting to fight the alleged combine. The South Carolina legislature has established a state department of commerce and immigration to secure desirable settlers. Secretary Hay's note regarding the integrity of China makes Washington the center of the world's diplomacy regarding the Russo-Japanese war. Baltimore will gain a more modern business district through the fire, according to the plans now being prepared. The banks have resumed operations and great progress was made in clearing the streets. A Great Northern passenger train at Pennock. Minn., collided with a freight train and four persons were killed.
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WEST AND SOUTH. Burglars dynamited the safe of a bank at Ravia, I. T., and secured $1,700. The governor of Illionis has issued a proclamation fixing April 22 as Arbor and Bird day. In a collision at the Southern railway crossing at Waterloo, Va., four persons were killed. At Steubenville, O., four men were crushed to death by the caving in of a pile of iron ore at a mine. The death of Philip Keifer, a wealthy retired manufacturer, occurred in Dayton, O., aged 102 years. The doors of the Citizens' national bank, of McGruder, Tex., were closed, with liabilities of $134,603. At Eldora, Ia., E. S. Blydenburg, convicted of killing his wife, has been sentenced to life imprisonment. The Bank of Dunn, N. C., a state institution, after a run of ten days, closed its doors. W. T. White, of Cleveland, O., has been made president of the National Association of Automobile Manufacturers. While sitting at his desk in Evansville, Ind., Charles F. Gould, aged 55, editor of the Evening Bulletin, fell dead. The Iowa democratic convention to select delegates to the national convention will be held in Des Moines on May 4. At the age of 60 years, John A. Roche, mayor of Chicago from 1887 to 1889, died suddenly of heart-disease. In Chicago a banquet 40 feet under Jackson boulevard, in the Illinois Telephone company's tunnel, was given by the latter to 1,200 guests. At Bedford, Ind., John McDonald, under arrest on a charge of murdering Miss Schafer, collapsed when taken to the scene of the crime. Judge Pratt, of the Waterloo district court, has declared the Iowa antitrust law unconstitutional. The cattle raisers and shippers of the west charge railroads with conspiracy and with making freight rates excessive. Miss Hulda Nelson, in a fit of insanity at Fort Dodge, Ia., killed her mother, a wealthy widow, and then-committed suicide
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Application for Receiver. The Corporation Commission last night forwarded to Judge W. R. Allen, at Winston, an application for the appointment of a receiver for the Bank of Dunn, recently closed by the Commission upon report of State Bank Examiner John O. Ellington. Mr. W. B. Jones, Jr., of this city, conveyed the Commissioner's application to Judge Allen. The Commission did not name anyone as desired by it for the position. Several have applied for the appointment, and the Commission thinks that by this time the judge has probably been able to make a selection.
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DUNN HAS NEW BANK Takes Place of Two Closed in a Week by the Corporation Commission. THE STATE NEARLY ALL DRY Fifty-five Counties Have Prohibition and Thirteen Have Dispensaries. (Special to The Times-Dispatch.) RALEIGH, N. C., Feb. 20.-The North Carolina Corporation Commission has received petitions from the tobacco warehousemen of the various tobacco towns of the State, asking that the freight classification of empty hogsheads be lowered. They are now shipped at doublo first-class charges. Warehousemen will fight for at least a reduction to first-class freight. The commission has named next Tuesday, February 23d, as the date for the hearing. W. B. Clifford was appointed this morning as receiver for the Bank of Dunn, which was closed by the Corporation Commission a few days ago. The appointment was made by judge at Winston-Salem on petition of the commission. Clifford will take charge at once. The receiver of the Merchants' and Farmers' Bank at Dunn is W. A. Stewart. Chairman J. W. Balley, of the North Carolina Anti-Snloon League, says vigorous campaigns against saloons are very soon to be opened in Wilmington, Charlotte, Rockingham, Newbern and Greenville, and that he has every assurance of success in all these places. STATE NEARLY DRY. There are now fifty-five counties in the State that have prohibition, according to a statement made by Chairman Bailey. Only twenty-nine counties allow saloons and he claims that there are not more than forty places in the State that have saloons. Thirteen counties have dispensaries. The Secretary of State has chartered a new bank for Dunn, in Hatlett county. This is the town whose two State banks have passed into the hands of receivers within the past two weeks, having been closed by the Corporation Commission at the instance of the State bank examiner. The new bank is the Dunn Banking Company, and the capital stock 18 $100,000 authorized, and $25,000 subscribed by business men of Dunn and Wilson. GUMBERRY RECEIVER. Judge Thomas R. Purnell has named S. G. Ryan, of this city, as special commissioner to sell the Gumberry Railroad and extensive saw-mill and timber land property in Northampton county, involved 10 the well known equity suit of Trenchard vs. Kell. The sale is to be made in the event the defendant in the suit declines to accept the conditions of an order of the court. that the defendant is only entitled to a balance of $12,455, balance of purchase money, instead of $40,944, claimed. W. E. Trenchard is plaintiff and F. Kell defendant in the suit. Captain T. W. Mason, of Northampton county, has served as receiver of the property since the suit was instituted. The value of the property is about $60,000. Fraudulent representations as to the extent and value of the timber interests at the time of the sale to Trenchard was the basis of the suit. There was a conference this morning between Dr. Murphy, of the State Hosrital for the Insane, at Morganton, and Dr. McKee, of the State Hospital for the Insane at Raleigh, regarding the a.ffairs of the two hospitals, the number of patients in the respective districts outside the institutions, with a view to an equalization of admissions to the hosthe information to
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MR. J. C. CLIFFORD RECEIVER. Appointed by Judge Allen to Take Charge of the Bank at Dunn. The Corporation Commission yesterday was notified by Judge W. R. Allen, who is holding court at Winston, that he had appointed Mr. J. C. Clifford, of Dunn, receiver for the Bank of Dunn, which was recently closed by the Commission upon the report of State Bank Examiner Ellington. The appointment of the receiver by Judge Allen was in response to the application of the Corporation Commission sent to the Judge at Winston by the hand of Mr. W. B. Jones, of this city. Now Mr. John O. Ellington, the State Bank Examiner, who has been in charge of the bank's affairs since it was closed, will turn everything over to Mr. Clifford.
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GOV-ELECT GLENN WAS AT THE GAME Shouted Himself Hoarse and Will Come With Staff Next Time. SMALLPOX NEAR RALEIGH People Refuse to be Vaccinated. Receiver of Bank at Dunn Ordered to Pay Dividend. (Special to The Times-Dispatch.) RALEIGH, N. C., Nov. 26.-Governorelect R. B. Glenn arrived here last evening from Richmond so hoarse that he could scarcely speak above a whisper, and the reason for it he said was that he shouted himself hoarse for Carolina Thanksgiving Day. He is especially enthusiastic over the game, and says that he proposes to be in Richmond every Thanksgiving while he is Governor to cheer on Carolina to victory. and that he will endeavor to have his staff accompany him in uniform. Governor-elect Glenn and Mrs. Glenn expect to spend one week during December as guests of Governor and Mrs. Aycock. in the Governor's mansion. The W. W. Mills Lumber Company. of Raleigh, was to-day adjudged bankrupt and December 5th named as the date for the examination of accounts by Referee Boyden. State Treasurer B. R. Lacy is expected to arrive Monday from Arizona, where he went on account of asthma. Ho has been greatly benefited and would have stayed longer but for the necessity of returning to prepare his reports and recommendations to the Legislature, which meets early in January. An order has been made for the removal of the case of Steven Vasser vs. the Atlantic Coast Line from Northampton Court to the United States District Court on petition of the Coast Line. The case is one in which Vasser sues the Coast Line for $5,000 damages for injuries mustained in an accident in Manchester, Va., May 27. 1902. He was stealing a ride on 3 freight train when the engine exploded. It was necessary to amputate both of Vasser's legs about the knee. There are a number of cases of smallpox at Willow Springs, a few miles from Raleigh, and a great majority of people in that section positively refuse to be vaccinated. The county commissioners were asked to-day to make an order for compulsory vaccination, but declined to do so until the disease is more general. A charter is issued to the Jones-Lane Company, of Beaufort, to deal in stock, the capital being $5,000 and the principal incorporators 3. A. Jones and S. J. Lane. A negro boy, John Chavis, is to be tried to-morrow on the novel charge of assaulting Mr. Thomas Stevens, wife and child, with a bicycle. Stevens and family were driving near the city, and the negro came coasting down the hill, causing the horse to run away. The contention is that the negro did not use proper precaution in approaching the vehicle. Judge Long has made an order for the receiver of the Merchants and Farmers Bank, at Dunn, Harnett county, to make a ten per cent. payment to the creditors of the bank, this being the first since the bank failed four months ago. He also ordered a twenty-five per cent. payment to creditors by the receiver of the Bank of Dunn, another defunct bank in that town. This makes fifty per cent. that the receiver of this bank has paid to its creditors. Five convicts were brought here to-day for the penitentiary from Harnett county. Two are white youths, Wiley Lucas and Sidney Norris, who will serve respectively eighteen and twenty years for the murder of Britt Moore at a school debate some months ago.
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Business Failures Jan. 14-Auburn (Ind.) Farmers' bank. 16-Mt. Ayr (la.) Citizens' bank; $450,000. 22-Cleveland (0.) Produce Exchange bank and branches at Belford, Hudson and Defiance. 23-Elkhart (Ind.) Nat. bank. 30-New York, A. B. Baxter & Co., cotton brokers; $2,000,000. Feb. 2-New Orleans, Kirby Lumber Co. and Houston Oil Co. Clarksburg (W. Va.) Traders' Nat. bank. 9-McGruder (Tex.) Citizens' Nat. bank. 10-New York Equitable Nat. bank Bank of Dunn, N. C. 11-Syracuse (N. Y.) Exchange Nat. bank; $500,000. 15-Pella (Ia.) Savings bank. 28-Opelika (Ala.) bank; $150,000 Tanton (Mass.) bank; $600,000. Mar. 2-Le Sueur (Minn.) bank; $95,000. 11-Garden Grove and Coin (Ia.) banks. 18-Daniel Sully, New York cotton king; $17,000,000. 21-Lonaconing (Md.) Savings bank. 22-Riverside (Cal.) bank....E. O. Miller, banker, Providence, Ia National bank of Holdenville, Ind. T., suspends operaHons. B1-Union Trust, Boston; $1,600,000. Federal Trust, Cleveland; $1,000,000. Apr. 4-Capital Nat. bank, Guthrie, Okla.; $1,033,000.... W. B. Mack, New York.
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Business Failures Jan. 11-Auburn (Ind.) Farmers' bank. 16-Mt. Ayr (Ia.) Citizens' bank; $450,000. 22-Cleveland (0.) Produce Exchange bank and branches at Belford, Hudson and De23-Elkhart flance. (Ind.) Nat. bank. 80-New York, A. B. Baxter & Co., cotton brokers; $2,000,000. Feb. 2-New Orleans, Kirby Lumber Co. and Houston Oil Co. Clarksburg (W. Va.) Traders' Nat. bank. 9-McGruder (Tex.) Citizens' Nat. bank. 10-New York Equitable Nat. bank Bank of Dunn, N. C. 11-Syracuse (N. Y.) Exchange Nat. bank; $500,000. (Ia.) Savings bank. $150,000 Tanton Mar. (Minn.) bank; $95,000. 11-Garden Grove and Coin (la.) banks. 18-Daniel Sully, New York cotton king; 2e of Holdenville, Ind. T., suspends opera81-Union tions. Trust, Bocton; $1,600,000 Federal Trust, Cleveland: $1,000,000.