541d2b09bd45d5ecFull suspension
Other: Comptroller of the Currency placed the bank in receivership (receiver appointed); bank closed after run caused by false rumors and did not pursue borrowing or public accommodation measures.
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Florence, Ala, Bank Goes Under. BIRMINGHAM, Ala., June 22.- The Florence National Bank of Florence, Ala., closed its doors today. The immediate cause is attributed to the spread of false reports which caused a run on the bank. The bank expects to resume again in a few days, as soon as things are straightened out.
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DEFUNCT BANKING HOUSES. MORE INSIDE HISTORY RELATING TO THE KEYSTONE BANK. Correspondence Which Passed Between Comptroller Lacey and Bank Examiner Drew. Special to the RECORD-UNION. PHILADELPHIA, June 22.-An official copy of all correspondence between Comptroller Lacey, Bank Examiner Drew and others, with reference to the affairs of the Keystone Bank, which was received from the Treasury Department last week, was made public to-night. It is very voluminous, and much of it has already been published in connection with the investigation. In a letter from Drew to Lacey, the former gives the result of his examination of January 9th, when he was informed of President Lucas' $600,000 deficit, and gives in detail the measures he took to recover from Lucas' estate. He says Marsh was ignorantly led into these transactions, while Cashier, by Lucas, and the latter, on his death-bed, exacted a promise from Marsh to continue the deception under representations that the money abstracted would soon return from Lucas' enterprises. Following this, at frequent intervals, were letters and telegrams in reference to the condition of the bank and the reorganization efforts. On February 16th Drew's mind was evidently changing in regard to Marsh, for he reported that developments made him suspicious of that gentleman. On February 28th Comptroller Lacey wrote Drew, urging prompt measures to rehabilitate the bank, and saying that unless some other way was found at once he would order the assessment of the stock. After the assessment had been made there were many other communications, and finally, on March 19th, the Comptroller telegraphed Drew to visit the bank in the morning. The next morning he received instructions to close it. On the same day Drew telegraphed the Comptroller urging the appointment of a receiver without delay. and suggested the name of Mr. Lynch. leadded that there were strong probabilities that the bank would be reorganized by wealthy men. The same day Comptroller Lacey sent Drew the following telegram. marked confidential: "Call at the southeast corner of Eighteenth and Spruce streets, at 8 o'clock this evening, and give Mr. W. a close estimate of the assets and liabilities. Encourage all efforts to reopen the bank, and-give out noinformation except such as will conduce to that end, and then with great care." On March 22d, Drew wrote a private letter to Lacey, advising that no action be taken against Marsh, as his services were indispensable toward the investigation. Previous to Marsh's arrest, numerous letters passed in regard to the reorganization. FAILURE OF AN ALABAMA BANK. BIRMINGHAM (Ala.), June 22. - The Florence National Bank, of Florence, Ala., closed its doors to-day. The immediate cause is said to be the spread of false reports, which caused a run on the bank. Some confusion seems to have resulted by reason of Mr. Flannigan, Cashier of the Alabama Banking and Fruit Company, having been for a time also President of the Florence National Bank. A NASHVILLE BANK SUSPENDS. NASHVILLE (Tenn.), June 22. - The Nashville Savings Bank, conducted by Julius and Max Sax, closed its doors this afternoon. Messrs. Sax claim that the suspension of business is due to the stringency of the money market, and their inability to get rediscounts in the East. They believe they will be able to reopen in a month and pay the depositors in full. The assets are $665,000 and the liabilities about the same.
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Closed Its Doors. BIRMINGHAM, Ala., June 22.-The Florence National bank, of Florence. Ala., closed its doors to-day. The immediate cause is said to be the spreading of false reports, which caused a run on the bank. Some of the confusion seems to have resulted by reason of Mr. Flanigan, the cashier of the Alabama Banking and Trust company, having been for a time also president of the Florence National bank.
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FINANCIAL CRASHES. Two Southern Banks Compelled to Close Doors-Other Failures. NASHVILLE, Tenn., June 22. - The Nashville savings bank, conducted by Julius and Max Sax, closed its doors this afternoon. Messrs. Sax claim that their suspension of business is due to the stringency of the money market and their inability to get rediscounts in the east. They believe they will be able to reopen in a month and pay the depositors in full. Their assets are $665,000, and liabilities about the same. THE EFFECT OF FALSE RUMORS. BIRMINGHAM, Ala., June 22.-The Florence national bank, of Florence, Ala., closed its doors today. The immediate cause is said to be the spread of false reports which caused a run on the bank. Some confusion seems to have resulted by reason of Mr. Flannigan, cashier of the Alabama Banking and Trust company, having been for a time also president of the Florence national bank. LIQUOR DEALERS ASSIGN. NEW YORK, June 22.-Samuel Barth & Co., wholesale liquor dealers of this city and Baltimore, assigned today, without preferences. BOOT-MAKERS CLOSE DOWN. HOLBROOK, Mass., June 22.-Whitcomb and Paine, manufacturers of calf boots, close their factory this week indefinitely. This is caused by the unsettled state of the business throughout the country.
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THIRTY DAYS A BANKER. HE MADE GOOD USE OF HIS TIME. Why a Florence, Ala., Bank Temporarily Buspended-Little Uneasiness is Caused by the Suspension. FLORENCE, Ala., June 23.-The Florence National bank closed doors yesterday morning. For several days reports have been circulated reflecting on the credit of the bank, which culminated in a run on it. The suspension wasonly temporary, and depositors will be paid in full. The following sensational statement was made by the officers of the bank. "The Florence National had $10,000 to itscredit in the Traders' National bank of Boston. Tuesday we drew on the Traders' for $6,000, and the draft was protested. It then developed that the entire $10,000 had been previously drawn out by an order signed Jos. R. Flanigin, ir., president, and that the money had been appropriated for the payment of certificates of deposit of the Alabama Banking and Trust company ofthis city." Mr. Flanigin was president of the Florence National bank for thirty days, and was at the same time cashier of the Alabama Banking and Trust company. The people here have the utmost confidence in the officers of the Florence National, and but little uncasiness is caused by the failure.
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CLOSED DOORS. The Failure of a National Bank Attributed to False Reports. BIRMINGHAM (Ala.), June 22.-The - Florence National Bank of Florence, Ala., closed its doors to-day. The immediate cause is said to be the spread of false reports, which caused a run on the bank. Some confusion seems to ha ve resulted by reason of Mr. Flannegan, the Cashier of the Alabama Banking and Trust Company, having been for a time also the President of the Florence National Bank. NASHVILLE (Tenn.), June 22.-The Nashville Savings Bank, conducted by Julius and Max Sax, closed its doors this afternoon. Messrs. Sax claim that the suspension of business is due to the stringency of the money market and their inability to get rediscounts in the East. They believe they will be able to reopen in a month and pay depositors in full. The assets are $665,000 and the liabilities about the same. NEW York, June 22.-Samuel Barth & Co., wholesale liquor-dealers in this city and Baltimore, assigned to-day. without preferences. HOLBROOK (Mass.), June 22. - Whitcomb & Paine, manufacturers of calf boots, closed their factory this week indefinitely. This is caused by the unsettled state of business throughout the country.
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MARSH FOOLED DREW More Correspondence in the Keystone Bank Matter. LOUISVILLE BANKERS COLLAPSE Rumors Cause a Birmingham, Ala., Institution to Close-Investigation of an Insurance Company. PHILADELPHIA, June 22-An official copy of all the correspondence between Comptroller Lacey, Bank Examiner Drew and others with reference to the affairs of the Keystone bank, which was received from the treasury department last week, was made public tonight. It is very voluminous, and much of It has already been published in connection with the investigation. In a letter from Drew to Lacey he gives the result of his examination of July 9. when be was informed of President Lucas' $600,000 deficit, and gives in detail the measures he took to recover from the Lucas estate. He says that Marsh was ignorantly led into these transactions while cashier by Lucas, and the latter on his deathbed exacted a promise from Marsh to continue the deception under representations that the money abstracted would BOOD return from Lucas' enterprises. Following this, at frequent intervals, were letters and telegrams in reference to the condition of the bank and organization efforts. On February 16 Drew's mind was evidently changing in regard to Marsh, for he reported that the developments made him suspicious of that gentleman. On February 28 Comptroller Lacey wrote to Drew, urging prompt measures to rehabilitate the bank, and saying that unless some other way was found at once be would order an assessment of the stock. After the assessment had been made there were many other communications, and finally, March 19, the comptroller telegraphed Drew to visit the bank in the morning. The next morning he received word to close it. On the same day Drew telegraphed Lacey, urging the appointment of & receiver without delay, and suggested the name of William Lynch. He added that there were strong probabilities that the bank would be reorganized by wealthy men. The same day Lacey sent Drew the following telegram, marked confidential. Call at the southeast corner of Eighteenth and Spruce streets at so'elock this evening and give Mr. W. a close estimate of the assets and liabili. ties. Encourage all efforts to reopen the bank, and give out no information except such as will conduce to that end and then with great care. On March 22 Drew wrote a private letter to Lacey advising that no action be taken against March as his services were indispensable toward the investigation. Previous to Marsh's arrest a number of letters passed in regard to the reorganization. NASHVILLE, Tenn., June 22-The Nashville Eavings bank, conducted by Judas and Max Sax, closed its doors this afternoon. The Messrs. Sex claim that the suspension of business was due to the stringency of the money market and their inability to get re-discounts in the East. They believe that they will be able to reopen in a mosth and pay the depositors in full. Their morets are $065,000 and their liabilities about the same. BISMINGHAM, Ala, June 22.-The Florence National bank, of Florence, Ala, closed its doors today. The immediate cause is said to be the spread of false reports, which caused & run on the bank. Home confusion seems to have resulted by reason of Mr. Flannigan, cashier of the Alabama Banking and Trust Company, having been for a time also president of the Florence National bank. New YORK, June 22.--Representatives of the State Insurance department began an examination of the affairs of the New York Life Insurance Company today. It was learned that Bell Kan, & lawyer of Hungary, has brought suit against the company in the courts of that country for the return of premiums he has paid, plus 6 per cent. interest. This action, it is said, is based upon a law prohibiting mutual companies from doing busines as joint stock eencerns. The New York Life is reported to have tried to do this and registered in 1886 as a share company, which it is not, and induced Kan to insure his life on such representation. Vice President Tack said that the difficulty in relation to the company not being a joint stock company had been settled. It arose through & mistake in the translation of the concession from the Hungarian government. New papers, however, had been filed and there was no longer any difficulty of the nature indicated. Ramuel Barth & Co., wholesale liquor dealers of this city and Baltimore, assigned today without preferences. HOLBROOK, Mass., June 22-Whitcomb & Paint, manufacturers of calf boots, close their factory this week indefinitels This caused
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A yount lady was asked why her beau was like a piano at Collins & Armstrone Consestore She replied. because he is grand juare-and noright CLOSED ITS DOORS. The Florence National Bank of Florence, Ala.-The Alleged Cause. BIRMINGHAM. ALA., June 22-The Florence national bank of Florence, Ala., closed its doors to-day. The immediate cause is attributed to the spread of false reports which caused a run on the bank. Some confusion seems to have resulted by reason of Flannigan, cashier of the Alabama banking and trust company, having been for a time president of the Florence national bank. It's books showed $10,000 deposited in the Trader's national bank of Boston. but a draft on that bank for $6000 went to protest. It developed that $10,000 had been appropriated to paying certificates of deposit of the Alabama banking and trust company on an order of Flannigan.
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BRIEFLY SUMMARIZED. Commencement exercisesa Yale were held yesterday. Denver's Haymarket theater was burned early Monday morning. The interstate commerce commission has arrived in Washington. Of 665,000 ounces of silver offered yesterday, 315,000 ounces were purchased. Senator Pfeffer spoke in Cooper Union, New York last night to an audience of 700. The seventeenth commencement of Amherst college was held yesterday at Amherst, Mass. Twenty-five thousand tin plate workers in Wales are threatened with a lock Monday next.] A reduction in cable rates of from 1 to 20 cents has been announced to take effect July 1. The Florence, Ala., National bank closed its doors on account of a run caused by false reports. Gen. and Mrs. Schofield arrived in San Francisco yesterday. They will proceed to Montérey. Mrs. Samuel Mather. of Cleveland, O., has given $75,000 to the Western Reserve college for women. Prof. George M. Mowbray, the inventor of nitro-glycerine, died in North Adams, Mass., aged sixty-six. Another Manipur prince has been sentenced to death, as alleged, for warring against the queen. Sax Bros.' Savings bank, in Nashvilles Tenn., suspended, with liabilities and asset equal, at $664,956. A committee has been appointed in Berlin to report as to the legality of the operations of the Standard Oil company. The supreme lodge, A. O. U. W., adjourned yesterday. The next session will be held in Helena, Mon., in March, 1892. 6 The Earl of Clonmel, fourth of his line, died yesterday. He was elected a representative peer for Ireland in 1874, Gen. Ruger is named as one of the officers on the court martial of Col. Compton, of the Fourth cavalry, at Walla Walla, Wash. For assaulting Rev. Clark Wright with a pistol, June 6, William Mauser was given nine years in the New York penitentiary. The brickmakers' strike at Denver was declared off after months of fruitless struggle and a reduction of 20 per cent in wages. A race riot took place near St. Louis early Sunday morning between Italian and American laborers, the latter being the assailants A test of the "writing telegraph" was made yesterday between New York and Chicago, and was fairly successful, the conditions being unfavorable. Gov. Pattison has approved the world's fair bill and named Pennsylvania's commission, which includes A. K. McClure, of Philadelphia, and T. V. Powderly. At a meetikg in Chicago yesterday it was decided to form the International Machinists' Union of North America. It will include machinists, helpers and toolmakers. The official correspondence in regard to the affairs of the Keystone bank has been made public, but it had all been given in substance heretofore through the dispatches. Detective Freeman, who was slugged in attempting to arrest Gideon W. Marsh, the fugitive bank president, will recover from his injuries. "Freeman" turns out to be T. H. Garside, at one time a noted labor agitator. It is proposed to set bloodhounds on Marsh's trail.
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NEWS IN BRIEF. n A Condensation of Interesting Items on Various Subjects. 1 Commencement at Yale college this week. , The Florence (Ala.) National bank has ) closed its doors. e The North American Turner Bund closed at Indianapolis. s Mrs. Lucy Broadly fell into an old well near Logansport, Ind., and was killed. t Henry S. Ives was in Wall street again Monday, looking pale, but chipper as ever. Mrs. Samuel Mather, of Cleveland, O., ) gave $75,000 to the Western Reserve uni) versity. I Houston O'Benchain shot H. N. Trout, a detective, at Troutville, Va., and then ) killed himself. A tornado in southern Kentucky destroyed about fifty houses and $35,000 worth of crops. It cost Pennsylvania over $85,000 to maintain and transport troops during the coke region riots. The country around Guilford, Ind., was storm-swept Saturday night, with a big loss of life of cattle. Francis H. Brown, the well known composer and author, died Tuesday, aged 73, at Stamford, Conn. Rioting Mishawka (Ind.) men took possession of a saloon and had a glorious time until stopped by officers. Frank Powell, a circus man, was drowned at Fort Wayne, Ind., while swimming in St. Mary's river. Four valuable horses belonging to William Seymour, near Newark, O., got on the railroad track and were killed. W. W. Cornell, of Newark, O., the father of a pretty daughter, shot William Shep ard, her lover, for courting her. Clara Delact. aged 10, of near Sidney, O., while playing in a hay field, had her right foot severed by a mowing-machine. William Caldwell was sentenced at Houston to be hanged July 31 for the mur der of Dr. Shamblin in August, 1888. S. B. Morris, proprietor of a drug store in north Denver, was mysteriously poisoned and robbed of $200 at Sterling, Colo. At Fostoria, O., Flynn Short was killed by being run over by a train at the Columbus, Hocking Valley and Toledo cross ing. Young Craig, son of Carroll Craig, of Smith's Grove, Ky., who was hurt by a binder in a runaway some days ago, is dead. Peter McLaughlin and John Polker, the latter a naturalized Italian, were killed at Chester, Pa., by a premature explosion of dynamite. The brickmakers' strike at Denver has been declared off. After months of waiting, the men were compelled to acknowledge defeat. At Sheepshead Bay Kingston made a new record for the Fut rity course, running the distance, a little short of six furlongs, in 1:08. S. B. Morris, a Denver druggist, disappeared with a roll of bills, and was found dead and robbed. A coroner's jury decided he was poisoned. Bill Elliott's paper, the Columbus (O.) Sunday Capital, was sold at receiver's sale for $450. Before Elliott's trouble it made him over $5,000 a year. The Old State bank, of Nashville, Messrs. Sax proprietor, has suspended. it is estimated that the nominal assets are about $600,000, with liabilities about the same, and is is stated that the de
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CLOSED CP THE BANKS Failure of Cox Brothers' Savings Institution as Nahivel THE RESULT OF A RUN or THE BANK Liabilities and Assets Are About $500. 000 Each-Heavy Business Failures in Birmingham, Louisville and Other Citice. NASHVILLE, Tenn., June 33.-The banking firm of Sax Bros. generally known as Sax's bank. made an assignment Monday afternoon. Liabilities, 8000,000; assets about the same. The Messrs. Sax say that they have put every dellar of their assets, both of the bank and their personal property, into the assignment. Not only were expressions of regret general at the unexpected event, but proffers of substantial aid were made immediately from all sides. The institution has been in existence something over a quarter of a century, and has been throughout this period one of the most highly esteemed banking houses in Nashville. It is hoped that within a few weeks the business may be resumed. It appears that a run on the bank began at 11:30 o'clock Monday and continued until 1 o'clock, when it was plainly seen that unless assistance could be had from the other banks suspension must result. The assistance was not fortheoming and the bank suspended. The depositors who called at the bank were told that they would all be paid in full, but that some time would be required for the bank to realize on its assets. This being the first bank suspension in the city for twenty-five or thirty years it occasioned no little excitement. The impression prevails that the depositors will lose little if anything. BIRMINGHAM, Ala. June 23.-The Florence national bank of Florence, Ala., closed its doors Monday. The Immediate cause is attributed to the spread of false reports which caused a run on the bank. Some confusion seems to have resulted by reason of Mr. Flannigan, cashier of the Alabama Banking & Trust Company, having been for a time also president of the Florence national bank. Its books showed $10,000 deposited in the Traders' national bank of Boston, but a draft on that bank for $6,000 went to protest. It developed that the $10,000 had been appropriated to paying certificates of deposit of the Alabama Banking & Trust Company on the order of Mr. Flannigan. LOUISVILLE, Ky., June 23.-W. Ber singer & Sons, dealers in furniture, as. signed Monday morning. Liabilities, $40,000; assets, $43,000. BOSTON, June 3.-Alley Bros. & Place, leather dealers at 54 South street, have assigned to W. A. Rust and W. A. Knowlton. The liabilities are estimated at $300,000.
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NUMBER 18. BANKS CLOSED UP. Sax Brothers' Savings Institution at Nashville, Tenn., Fails. Liabilities and Assets Are About $600,000 Each - - Business Troubles in Other Cities. FORCED TO ASSIGN. NASHVILLE, Tenn., June 24.-The banking firm of Sax Bros., generally known as Sax's bank, made an assignment Monday afternoon. Liabilities, $600,000; assets about the same. The Messrs. Sax say that they have put every dollar of their assets, both of the bank and their personal property, into the assignment. Not only were expressions of regret general at the unexpected event, but proffers of substantial aid were made immediately from all sides. The institution has been in existence something over a quarter of a century, and has been throughout this period one of the most highly esteemed banking houses in Nashville. It is hoped that within a few weeks the business may be resumed. It appears that a run on the bank began at 11:30 o'clock Monday and continued until 1 o'clock, when it was plainly seen that unless assistance could be had from the other banks suspension must result. The assistance was not forthcoming and the bank suspended. The depositors who called at the bank were told that they would all be paid in full, but that some time would be required for the bank to realize on its assets. This being the first bank suspension in the city for twenty-five or thirty years it occasioned no little excitement. The impression prevails that the depositors will lose little if anything. BIRMINGHAM, Ala., June 24.-The Florence national bank of Florence, Ala., closed its doors Monday. The immediate cause is attributed to the spread of false reports which caused a run on the bank. Some confusion seems to have resulted by reason of Mr. Flannigan, cashier of the Alabama Banking & Trust Company, having been for a time also president of the Florence national bank. Its books "showed $10,000 deposited in the Traders' national bank of Boston, but a draft on that bank for $6,000 went to protest. It developed that the $10,000 had been appropriated to paying certificates of deposit of the Alabama Banking & Trust Company on the order of Mr. Flannigan. LOUISVILLE, Ky., June 24.-W. Bensinger & Sons, dealers in furniture, assigned Monday morning. Liabilities, $40,000; assets, $45,000. BOSTON, June 24.-Alley Bros. & Place, leather dealers at 54 South street, have assigned to W. A. Rust and W. A. Knowlton. The liabilities are estimated at $500,000.
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census report owned by Negroes in Virginia cities is valued at $3,019,950 and their personal property $454,799. In the counties the real estate owned by Negroes is valued at $8,555,964 and their personal property $2,996,089. Total in State $15,026,802. George Hutchins of New Jersey, a few years ago, left Henry George $12,000 to be used in printing and distributing his book "Progress and Poverty." The widow contested the will and after two years litigation there is $584 left out of the $12,000, in the division of which the court awards Mr. George two-thirds. On the farm of Geo. Vandevander in Highland Co., Va., was blown down, last week, an apple tree planted about one hundred years ago, and which, up to three years ago, bore eighty bushels of apples a year. It measured 10½ feet around the trunk. Benj. J. Brooks, a school teacher near Americus, Ga., has just been sentenced to $500 fine or eight months in the chain gang for cruelly beating a pupil. Brooks has money to pay the fine, but preferred working it out in the chain gang, to paying it. Why do people wait until a man is sick and can't eat, to send him good things? When he is well, and would like something good, no neighbor comes in with fancy jellies, old wines, and things like that. Things are very unfair.-Atchison Globe. The bronze statue of the late Gen. Wm. C. Wiekham has been completed and is ready for delivery to the city of Richmond. It is thought that it will be placed in Monroe Park. At a circus side-show in Chicago, while Miss Uno, the snake charmer, was performing with a fourteen-foot python, it tightened Its folds on her and seized her arm with its teeth. It took three men to release her. Mrs. Ellen Moore of Williamsport, Pa., who is a member of the Funeral Directors' Association of Pennsylvania, has been in the business forty years and buried 5,338 persons. Robert Garnett of Va., a near relative of the late Senator R. M. T. Hunter, has been appointed keeper of the morgue at Washington. A London tradesman recently received an order for sixty-four pairs of shoes for the daughter of the Grand Duke Paul of Russia, a child less than a year old. Gov. McKinney says he will recommend in his message to the next Virginia legislature, a law requiring separate cars for whites and negroes on the railroads. The Florence National Bank of Florence, Ala., suspended Monday, after a run on it, caused by a false report. It expects to resume in a few days. John D. Rockefeller, the Standard Oil man, is the richest man in America and much ahead of Gould or the Vanderbilts. His wealth is estimated at $129,000,000. The second lot of new Virginia wheat received in Baltimore, this time $280 bushels, from Lancaster county, sold at $1,50 a bushel. General Grant's sister Mw. Mary Crant.
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Florence's Broken Bank. W ASHINGTON, June 27.-Mr. Lacey, controller of the currency, says that the Florence National Bank of Florence, Ala., will be placed in charge of a receiver as soon as the proper selection can be made.
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The Florence National Bank. [By telegraph to the Dispatch.] WASHINGTON. D. C., June 27.-Mr. Lacey, Comptroller of the Currency, says that the Florence National Bank, of Florence, Ala., will be placed in charge of a receiver as soon as a proper selection can be made.
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LATE TELEGRAMS BCILED DOWN FROM PRIVATE, SPECIAL AND OTHER SOURCES. Victoria baseballers lay the Beeville Picayunes out cold. State encampment meets in Austin July 18, to continue one week. Wilson county needs more rain and is suffering for want of it. Bones of a mastadon discovered near Luling. Fishing is the favorite pastime about Luling and sport is good. Fort Worth saloons are pulled for keeping open from 9 a. m. to 4. m. Dr. Shrod's handsome dwelling, Marshall, is destroyed by fire. Sheriff Bob Williams shoots Sam Cullock at Conowav, Ark. Iowa was visited with a disasterous storm on Saturday. Hogs, cattle and horses are floating in the Iowa streams. Rains, heavy and light, have fallen in the vicinity of Lockhart. Lockhart is extending and improving street car service. Chairman Finley authorises the competing roads to meet the Alton rates. Florence National bank, Ala., goes into hands of receivers as soon as appointment can be made. Western traffic association lines are clamoring for a division of freights. Prince Victor must break his leason or Eugenie will not grant him annuity or fortune. Mr. Moreau endeavors to secure abrogation of deeree by chambers, in France, against American pork. A Pittsburg kid, nine years old, swims'one and a half milesand finishes, strong. Henry Martin. drunk and disorderlyfkilled by a policeman at Pine Bluff, Ark. Three 16-year old boy S arrested for attempted passenger train wrecking near Ada, Minn. Honduras appoints commissioners for the World's fair, and will be on hand with a large exhibit. The report is untrue that the Dalton gang has raided Guthrie City I. T. Not a single life was lost in Cherokee, Io., by the flood, but the damage to property is beyond estimate. Thursday's rain in Kansas carried away wheat, barns and agricultural implements. Lone Star Brewing company have established cold storage at Floresville. Rosser and Carroll have put 1,000 young horses on their Wilson county range. Havana sugar seliers are holding for higher prices and business is light. Mrs. Wood tells in the Topeka papers how her husband was murdered at Hugoton, Kan. News comes from Holstein, Ia., of three school houses swept away and two children drowned in the late storms. Illinois Central road has 600 men at work in the storm-swept Iowa district. The record of the bicyclists in the Buffalo races will be disputed, as the track has been measured and found short. Minnesota and Dakota have been greatly benefitted by the late rains which were not as severe as in Iowa and Kansas. The Sturm matter is being investigated in Mexico, but does not show that any promises were made to him, as alleged. The Goldings, San Francisco, fight the police, mistaking them for burglars: three officers hurt and two of the Goldings, one fatally. Cherokee. Iowa,, has 50 houses gone and 100 more wrecked. In two hours from the time the alarm was given the entire valley was flooded. As the result of the last state teachers' association Texas may possibly have a chair of pedagoguey in the university. In the 25 miles cycling race, July 17, between Detroit and Pontiac,an observation train will accompany the races, the road running parallel with the railroad all the way. Riverside Concert.
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# Wagon Company Fails. FLORENCE, July 20.-The Florence Wagon Manufacturing company failed; assets, $180,000; liabilities, $78,000. The failure is attributable to the assignment of the Florence National bank some days ago. Business will be continued by the receivers and creditors will be paid in full.
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# Southern Wagonmakers Suspend. FLORENCE, Ala., July 20. - The Florence Wagon Manufacturing Co. failed Saturday, with assets of $180,000, and liabilities of $78,000. The cause of the failure was the collapse of the Florence national bank some days ago.
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A RECEIVER APPOINTED.-The controller of the currency has appointed Col. John C. Goodloe, sr., of Barton, Ala., receiver of the Florence National Bank of Florence, Ala. -
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Made Receiver of a Bank. WASHINGTON, July 23.-The - controller of the currency to-day appointed Col. John C. Goodloe, Sr., of Barton, Ala., receiver of the Florence National Bank of Florence, Ala.
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IN A FINANCIAL WAY. Investment Company Assigns--Big Montreal Failure--A New York Contractor Goes Broke. The Kimball-Champ Investment Company of Council Bluffs, Ia., with a capital stock of $300,000, has made an assignment. It is said the liabilities are about $100,000 and the assets $400,000. W. H. Halliburton, wholesale druggist in Little Rock, Ark., has made an assignment, with preferences amounting to $46,000. The comptroller of the currency last Thursday appointed Col. J. C. Goodloe receiver of the Florence National Bank of Florence, Ala. The wholesale millinery and dry goods firm of John McLean & Co., of Montreal, has made an assignment on demand of the Merchants' Bank. The total liabilities are $281,000 An execution was placed in the hands of the sheriff in New York Thursday against Contractor Herman Clarke, for $108,987, upon a judgment in favor of David E. Donovan, in an accounting of I partnership. The firm of H. Clarke & Co., was formed March 20th, 1884, and built the Staten Island Rapid Transit Company's railroad.
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BUSINESS FAILURES. Jan. 13-E. H. Amidon, dry goods dealer, New York: $697,766. Jan. 16-Stoneboro savings bank and Sandy Lake savings bank, both of Pennsylvania. Jan. 19-American national bank, Kansas City. Mo.: $2,000,000. Jan. 20- State bank of Cawker City, Bank of Downs and Glen Elder bank of Glen Eider, all of Kansas, suspended. Jan. 21-Kawaka City (Kan.) state bank. Jan. 26-Savings bank of Wichita, Kan.; $81,000. Feb. 5-First Arkansas Valley bank, Wichits, Kan.; $120,000. Feb. 12-First national and North Middlesex savings bank, Ayer, Mass. Feb. 19-John D. Knox & Co., private bankers, Topeka, Kan.: $340,000 Union Investment Company, Kansas City; $1,000,000. Feb. 25-Windsor national bank, Windsor, Vt. Mar. 19-J. & A. Simpkinson, boot and shoe manufacturers, Cincinnati; $400.000. United States savings bank, Topeka, Kan., $330,000. Mar. 20-Theodore Schwartz & Co., private bankers, Louisville, Ky.; $500,000. Mar. 24-Washingt n national bank, New York Schall & Downer, bankers. York, Pa. Apr. 2-The John McNabb bank, Eufaula, Ala. Apr. 4-Columbia Iron & Steel Company and Pennsylvania Construction Company, Uniontown, Pa; $1,000,000. May 7-Bank of Allen county at Scottsville, Ky. May 9-Spring Garden national bank. Philadelphia. May 15-People's bank at Knoxville, Tenn. May 22-Hills Shot Company at Memphis, Tenn., $600,000. May 26-Potter, White & Bailey, shoe manufacturers at Boston: $1,000,000. May 27-John Ryan's Sons, wholesale dry g oods, Atlanta, Ga.: $1,000,000. June 4-The City national bank at Marshall, Mich. June 5 - Connell, Hall, McLaster & Co., wholesale dry goods, Nashville, Tenn.; $500,000 The Huntington (Ind.) bank. June 13-Central national bank, Broken Bow, Neb. June 10-Sevill Scofield, woolen manufacturer at Manayunk, Pa.: $800,000. June23-The Florence national bank, Florence, Ala., and Sax Brothers' savings bank, Nashville, Tenn. July 7-Moses Bros., bankers, Montgomery, Ala; $500,000. July 8-Bank of Commerce, Sheffield, Ala. July 14-E. C. Stark, banker at Oneida, N. Y.; $220,000. July 16-Spooner R. Howell & Co., lumber dealers, Chicago, and other cities; $2,000,000. July 17-First national bank, Wyandotte, Kan. $1,000,000. July 18-First national bank, Palatka, Fla.; $200,000 Bonneil & Co., printer's ink manufacturers, New York, $100,000. July 21-Central bank of Kansas at Kansas City, Kan.: $100,000 Merchants' national bank, Fort Worth, Tex.: $500,000. July 23-Citizens' bank of Jefferson, Tex.; $100,000. Aug. 4-Abraham Backer, dry goods commission, New York; $4,000,000 Samuel Hano, real estate dealer, Allston, Mass.; $500,000. Aug. 8-Masonic savings bank, Louisville, Ky.; $1,000,000. Aug. 19-Johnston, Tallman & Co., flreworks importers, New York city: $600,000. Sep. 23-S. V. White & Co., New York, commission merchants. $2,000,000. Sep. 30-F. B. Wallace & Co., New York, brokers; $390.000. Oct. 1-First national bank at Clearfield Pa... Chrisman (111.) bank: $100,000. Oct. 3-Turner & Bro., Boston bankers; $300,000. Oct. 5-Ulster county savings' institution, Kingston, N. Y., robbed by officials of $463,000. Oct. 16-State bank at Gritna, Neb. Oct. 17-The Columbia bank and the Bank of Columbia, at Nashville, Tenn. Oct. 23-Bank of Lewisburg, Tenn. $80,000. Nov. 2-Maverick national bank of Boston, suspended; liabilities, $10,000,000. Nov. 7-The Cochrane-Fulton Company, distillers, at Louisvil.e, Ky.; liabilities, $500,000 Bank of Fiorence, Aia.; $100,000. Nov. 7-The Corry (Pa.) national bank closed its doors: $700,000. Nov. 13-California national bank at Santiago, Cal. Nov. 14-Bonner & Bonner, bankers at Tyler, Tex.; $500,000. Nov. 25-Farmers' and Miners' Deposit bank, Irwin, Pa First national bank, Wilmington, N. C. Nov. 28-Field, Lindley, Wicchers & Co., bankers and brokers of New York, $1,000,000. Dec. 22-Private banks at Waynesboro, Warrentown and New Market, Va., closed their doors Thomas H. Allen & Co., cotton dealera, Memphis, Tenn.; $544,932. Dec. 23-Bank of Greenville, Greenville, Miss : $1,000,000.