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ally tight and the greatest difficulty was experienced in raising money upon good low priced securities. The directors of the Metropolitan bank remained in session until a late hour with the view of preparing a statement of the bank's condition. It was stated that if the bank can make anything like a favorable statement the clearing house will come to its aid and the bank resume business in the morning. A PROMINENT DIRECTOR OF THE METROPOLITAN says tbat the depositors will be paid in full. The directors went through their securities to-day and after throwing out all that could be called doubtful they hadmore than enough left to cover the amount of deposits. This gentleman attributes the suspension splely to the fact that depositors throughout the country have become slarmed by the reports of Mr. Sevey's being largely engaged in speculative enterprises and have drawn out their deposits. In this connection it is interesting to note that last Saturday's Sun editorially called attention to the so-called Seney syndicate which was reported to be engaged in founding a new manufacturing town in Alabama, and after comparing this venture with Mr. Fish's real estate operations and the Grant and Ward troubles concluded with the question: "If it was wrong for Mr. Fish to venture into such speculation is it right for Mr. Seney ?" To this President Seney replied "Referring to your editorial on my supposed relations to the so-called Seney syndicate for building a new city in Alabama, I beg to say that I have nothing whatever. directly or indirectly, to do with that enterprise, and the use of my name to designate it has no warrant in fact. I beg further to say that I am not engaged In managing or controlling any speculative enterprises whatever." THE CAREER OF PRESIDENT SENEY. Mr. George I. Seney, president of the Metropolitan National bank, was born at Astoria, L. I, on May 12, 1826, where his father was a leading Methodist distinclergyman. His lineage is guisbed; his paternal great-grandfather was the first Commodore of the United States Navy, James Nicholson, and his paternal grandfather was a member of the First Federal Congress. Mr. Seney studied at Wesleyan university, Middletown, Conn., and also at the University of the City of New York, where he was graduated in 1847. He immediately entered business, and at once became paying teller of the Metropolitan National bank, of which he became president. His business ca. reer was very successful, and he soon be. came noted for his liberality in giving to public institutions. The following is a list of his gifts of not less than $25,000 each: To Wesleyan university, Middletown, Conn., $550,000; to literary institutions in Georgia, $225,000; to the Long Island Historical society, $100,000; to Seney Hospital in Brooklyn, to cost $500,000; the Industrial School for Homeless Children, Brooklyn, $25,000; the Brooklyn Eye and Ear Infirmary, $25,000; and the Brooklyn Library, $60,000. The bequests make in the aggregate $1,485,000. BROOKLYN SYMPATHIZES WITH PRESIDENT SENEY. The announcement of President Seney's financial embarrassment caused much surprise and regret in Brooklyn where he is regarded with esteem and with much gratitude on account of his gifts to public institutions and charities, amounting it is said to over a million. The subsequent closing of the Atlantic State bank of Brooklyn, in which Seney was a leading director, intensified the excitement caused by the New York failures. The suspension of the bank was 80 sudden and unexpected that the depositors had no opportunity to begin a run before the doors were shut almost in the faces of persons about to present checks in the ordinary course of business. When the run on the Metropolitan bank began this morning, the Atlantic bank in response to a request sent over all the available cash on hand, being unsuspicious that serious trou ble was in store. They consequently had NOTHING LEFT WITH WHICH TO PAY their own depositors. The directors, how ever, say the bank is in good shape and will pay all liabilities as soon as they can realize on their securities. The other banks in Brooklyn all claim to be entirely unaffected by to-day's failures. Still Another Bank Suspends. WORCESTER, May 14.-The banking firm of Rice & Whiting has suspended payment temporarily on account of the failure of the Northwestern Manufacturing and Car company of Stillwater, Minn. The firm has been dealing in this stock for the last two years and a considerable amount estimated at $100,000 was held by some of the most conservative people in this city. The banking firm is embarrassed to the amount of $30,000. The City National bank is also somewhat afflicted and many of the prominent business houses. Another Savings Bank Goes Down. ST. JOSEPH, Mo., May 14.-The State Sav. ings bank of this city closed its doors this afternoon on receipt of a telegram announcing the failure of Donnell, Lawson & Co, of New York, and an assignment made in favor of James M. Wilson. The last statement made by the bank showed deposits of $1,700,000. The excitement consequent upon this collapse was augmented by the failure of the Dr. S. A. Richmond Medical company, with liabilities of $150,000 and unknown assets. Of the liabilities $100,000 is due on advertising in country papers. The News in London. LONDON, May 14-The failures in New York to-day have created intense excitement among Americans here. Mr. Lawson, of the suspended firm of Donnell, Lawson & Simpson, first heard of the failure of his house to. night while attending Mr. Henry Williams' reception at Princess Hill, Piccadilly. Several American capitalists who were present instantly left the hall, stating their intention
