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WILMINGTON BANK TROUBLES. Bank of Hanover Suspends-Rons on Saving Banks. WILMINGTON, N. C., June 19.-The Bank of New Hanover was not opened this morning. The following notice was posted on the doors: "Owing to the withdrawal of more than $320,000 of deposits, and the notice of over $150,000 more intended withdrawals maturing in a few days, and also to its inability to realize quickly upon its as- of on account of the stringency sets, the times, the Bank of New Hanover has been forced to make an assignment all Junius Davis, in the interest of concerned. to The depositors will receive dollar for dollar, and the business will be wound up as rapidly as possible. (Signed) "A. L. SMITH. Cashier." The general belief here is that and the statement is entirely fair The assets are liabilities at $1,250,000; above horiest. $800,000. estimated of All New un- at paid collections of the Bank the Hanover have been turned over to Wilmington Savings and Trust Company, for remittance. The closing of the Bank of Hanover was followed by a run on the Wilmington Savings and Trust Comand the bank was crowded with full pany. depositors. The bank is paying amount on all deposits of ninety dollars or under, and ninety dollars on all larger rule deposits. No depositor under this can draw over ninety dollars without be thirty days' notice. There seems to this doubt of the entire solvency of obllno bank, and that it can meet every gation. WILMINGTON. N. C., June 19.-The and on the Wilmington Savings Trust run Company continues, but confidence of being restored by the appearance conis extra on the streets J. W. a newspaper the official assurance of Walters, taining Atkinson, president, and H. on device-president, that every dollar in will be paid out continuously and that posit regular course of business, closed. the doors of the bank will not be it the the Bank of New Hanover, the deConcerning be said with certainty that posttors may will not Jose a dollar. run on the Wilmington entirely Savings The Trust Company has almost are and ceased, and huge piles of greenbacks desk. still standing on the cashier's is now somewhat divided as New to Opinion outcome of the failure of the will the Bank. The stockholders fear undoubtedly Hanover suffer, and some persons Howwill not be paid in full. from the depositors ever, this does not seem likely present assignment outlook. of the Bank of New Hanover The to-day is without preferences. SAVANNAH, GA., June 19.-J. Waycross, V. Nordry goods merchant, of out. ton, has assigned. No statement given Failure of a Savings Bank. CHATTANOOGA TENN., June 19.-The was Savings Bank, of this account city, of City to assign to-night, on they forced unfortunate blunder, whereby instituan confounded with a colored known were suspended last Saturday, tion that Penny Savings Bank. It liabilities, assigned as the with less than $6,000 teleSaturday, of Dun & Co., in chief and a messenger the intelligence to the phoning of the city, used the name, Savings," "City banks instead of "Penny corrected. Savings," the error was immediately sown, but seed of distrust, however, was of the The bank depositors got wind over and unfortunate the report, and withdrew to-day. Saturday, and over $40,000 unex$20,000 withdrawal was so wholly to asThe that the bank was forced $475,000; pected The assets are given amount at due sign. liabilities $225,000. The Nothing is the is about $216,000. was depositors local bank. G. H. Jaragan will due named any as assignee. All depositors be paid in full. Million Dollar Failure. PITTSBURG, June 19.-The Oil Assets, Well Company has falled. $2,500,000; Supply indebtedness of all kinds, $1,100,000.
