111599b3Accommodated withdrawals, Full suspension, Books examined
Other: Comptroller closed the bank and appointed examiner/receiver; clearinghouse refused assistance.
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Runs ou Savings Banks. OMAHA, Neb, June 13.-The American National bank is in the hands of the comptroller. J.L. McCague, is president and it is supposed that the American National connection with McCague's savings bank, which failed yesterday, caused its downfall. There were heavy runs on all the savings banks here this morning.
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RUN ON OMAHA BANKS. American National Was Closed by the McCague Failure. OMAHA, June 13. The runs made on most of the savings banks in the city today as a result of the failure of the Mc. Cague Savings bank yesterday and the closing of the American National this morning were without serious results to any of the institutions concerned. All paid out freely, except the Dime, which demanded the sixty days' notice. The Globe paid until noon and then required the sixty days' notice. The heaviest run was on the Omaha. of which Senator Manderson is president. Its loby was packed all day, but depos itors were paid as fast as they could be accommodated. Senator Manderson made a reassuring speech from the counter to the crowd this afternoon and at the closing hour said that the bank was as stable as the hills. The hope in financial circles is that the worst is over and there is little fear that disaster awaits any other bank in the city. The books of the McCague Savings and the American National are being examined, but no statement can be made before tomorrow or Thurs day. The McCague brothers. who practically owned both institutions announced today that their securities were good and that the depositors in both banks would be paid in full. The prompt manner in which the banks have met the runs today has allayed the alarm perceptibly and, though the rune may continue tomorrow, no serious apprehension is felt.
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WESTERN CITIES-FINANCIAL FLURRIES IN OMAHA. KANSAS CITY AND DETROIT. Omaha, Neb., June 13.-There was a run on every savings bank in the city this morning cipitated by the failure of the McCague Savings Bank yesterday, followed by the downfall this morning of the American National Bank, in which the McCagues are largely interested. It was unofficially stated yesterday that the Clearing House Association would stand by its members, of which the American National is one. but when the assets of the American National Bank came to be examined, they were pronounced not good enough. and the aid of the associated banks was withheld. The ominous sign appeared on the door this morning, and the crowd which had collected became greatly excited. The McCagues tried to reassure the depositors, telling them that every account would be paid in full. At the Omaha Savings Bank, the German Savings Bank. the American Savings Bank, the Globe Loan and Trust Company and other institutions there was a steady drain of deposits all morning. Cash was paid out as soon as called for, and there was no apparent limit to it Toward noon the lines had dwindled until they appeared no larger than upon any day of business. Bank Examiner Griffith. who took charge of the American National for the Controller this morning, could not say much about the assets. A great deal of paper, which is thought not to be first-class, figures in the resources of the bank. The talling of in deposits amounted to nearly $200,000 since May 4. and this has badly crippled the institution. The Dime Savings Bank compellid its depositors to give sixty days' notice of withdrawal. This action. together with the promittness with which the other banks met all demands, is believed to have stopped what almost promised to be a panic. The last statement of the American National Bank, on May 4. showed a capital stock of $200,000: loans and discounts, $531,690: surplus, $16,000; undivided profits, $5,161 : due depositors. 8577,526. The American Savings Bank took advantage of the sixty-day rule and refused to pay depositors. The Globe and Trust Company paid off 50 per cent of the deposits and held the balance under their rules. The run on the Omaha Savings Bank continued in force this afternoon. and hundreds of depositors crowded the bank and the street in front Senator Manderson and Vice-President Kimball. of the Union Pacific. directors of the bank. made extended speeches to the crowd, and announced that the bank was prepared to pay every dollar, but the run continued Kansos City, JULC 16.-As a result of the aus. pension vesterday of the People's Savings Bank, an insignificant institution with deposits of only $25,000. a run was started this morning on the Kansas Safe Deposit and Savings Bank. The bank took advantage of that clause of its bylaws requiring depositors to give thirty days' notice of the withdrawal of deposits. That checked the run, and at noon it was practically a over. None of the other banks experienced run. Just why the Kansas City Safe Deposit and Savings Bank should have been selected for a run is a mystery. If is the largest and one of the soundest institutions of the kind in the whole State, and has the confidence of the banks and merchants generally Nankato. Kan., June 15.--The Bank of Bur Oak. Jewell County. closed its doors yesterday merning. The bank was owned by Halbert Brothers. and the liabilities are placed at $35,000 The assets are practically nothing. C. D. Hulbert. one of the proprietors of the institution, has fled The depositors are greatly incensed, and if he should return. either of his own accord or to answer to a criminal charge, there being some inclination among the depositors of preferring such a charge. he would be roughly dealt with Lansing, Mich., June 3.-State Bank Commissioner Sherwood yesterday applied to the Circuit Court for the appointment of a receiver for the Ingham County Savings Bank, which failed several weeks ago. An order was made to show cause why such action should not be taken. returnable June 24. The bank officers yet hope to obtain necessary subscriptions to the capital to warrant a reopening Advices have been received by Mr. Sherwood from Crystal Falls, Upper Michigan, that the State Bank of Crystal Falls has suspended payment. The bank was organized about a year ago with a capital of $25,000. it had deposits of $60,000. The cause of the failure was the suspension of the Plankinton Bank of Milwaukee Detroit, June 13.-For some time there has been an uneasy feeling in the banking atmosphere of this city occasioned by the numerous failures in savings institutions that have recently occurred throughout the country, especially in the West. Although until this morning there had not been a decided run on any of the savings banks of Detroit, considerable money has been withdrawn in a quiet way. and to forestall any movement that might result disastrously to them. and as an act of mutual protection, the officers of these institu. tions met last night and adopted the following notice to depositors: There has recently been developed in our city an un. easiness among savings de positors. which has been (without cause) directed against some of our -trongest banks To stop the needless withdrawal of deposit. and the lock. ing ⑉2 of currency in time of financial stringency. the undersigned banks respectfully decide. in the event of unusual demands upon them, and to insure equal protection to all their depositors, to require the notice provided for in the by-laws of the several banks We would, there. fore, ask our depositors to review the situation calmly, and accept with patience our action. which is taken in our mutual interest and for the benefit of this community at large. PEOPLE'S SAVINGS BANK. MICHIGAN SAVINGS BANK. DETROIT SAVINGS BANK. CITIZENS' SAVINGS BANK. HOME SAVINGS BANK. CITY SAVINGS BANK. WAYNE COUNTY SAVINGS BANK. CENTRAL SAVINGS BANK. DETROIT RIVER SAVINGS BANKA PENINSULAR SAVINGS BANK. DIME SAVINGS BANK. GERMANAMERICAN BANK. AMERICAN BANKING AND SAVINGS ASSOCIATION STATE SAVINGS BANK. When the doors of the People's Savings Bank,
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Run on Omaha Banks. OMAHA, NEB., June 13.-The American National Bank was closed by order of the comptroller of the currency this morning. Runs started on the Globe Loan and Trust Company, the Dime Savings Bank, the German Savings Bank and Nebraska Savings Bank. No statement of the condition of the American National is made except the fact that the clearing house refused to aid it. It is understood that the affairs of the bank are entangled with those of the McCague Savings Bank, that closed yesterday afternoon. The run was of extensive proportions on the Omaha Savings bank, and all the morning the bank was beseiged bv depositors. Senator Manderson and Vice President Kimball, of the Union Pacific, directors of the bank, made speeches to the excited depositors, guaranteeing them their money, but the run continued.
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Omaha Banks in Trouble. OMAHA, Neb., June 13. The American national bank is in the hands of the controller. J. L. McCague is president, and it is supposed that the American national's connection with the McCague saving bank, which failed Monday, caused its downfall. There were heavy runs on all savings banks here Tuesday morning.
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MORE WILDRUNS ON BANKS A Couple of Failures Start a Rush at Omaha. All the Institutions Except the Two Previously Closed Weather the Storm-Only One Even Takes Advantage of the Sixty Days' Clause. Kansas City the Scene of a Still More Absurd Run. Omaha, Neb., June 13.-There was a run on every savings bank in the city this morning, precipitated by the failure of the McCague Savings Bank yesterday, followed by the downfall this morning of the American National Bank, in which the McCagues are largely interested. It was unofficially stated yesterday that the clearing house association would stand by its members, of which the American National is one, but when the assets of the American National Bank came to be examined they were pronounced not good enough and the aid of the associated banks was withheld. The ominous sign appeared on the door this morning and the crowd which had collected becamegreatly excited. The McCagues tried to reassure the depositors, telling them that every account would be paid in full. At the Omaha Savings Bank, the German Savings Bank, the American Savings Bank, the Globe Loan and Trust Company, and other institutions, there was a steady drain of deposits all day Cash was paid out as long as called for, and there was no apparent limit to the supply. Senator Manderson and Vice President Kimball, of the Union Pacific, directors of the bank, made speeches to the excited depositors, guaranteeing them their money, but the run continued. The Dime Savings Bank compelled its depositors to give sixty days' notice of withdrawal. This action, together with the promptness with which other banks met all demands, is believed, to have stopped what almost promised to be a panic. A CRAZY RUN AT KANSAS CITY. Kansas City, June 13.-As a result of the suspension yesterday of the People's Savings Bank, an insignificant institution with deposits of only $25,000, a run was started this morning on the Kansas City Safe Deposit and Savings Bank. The bank took advantage of the clause of its by-laws requiring depositors to give thirty days' notice of the withdrawal of deposits. That checked the run and at it noon was practically over. None of the other banks experienced a run. Just why the Kansas City Safe Deposit and Savings Bank should have been selected for a run is a mystery. It is the largest and one of the soundest institutions of the kind in the state and has the confidence of the banks and merchants generally. A RUN CHECKED AT DETROIT. Detroit, Mich., June 3.-The State Bank of Crystal Falls, Mich. has suspended as a result of the failure of the Plankington Bank of Milwaukee. The bank is only a year old and its capital is $25,000. The deposits foot up $60,000. The officers of all the savings banks in this city agreed to enforce the time limit upon withdrawals of deposits. A run was started this morning upon the People's Savings Bank, one of the strongest in Detroit, but the sixty-day notice requirement checked it. The officers coneur in a statement that "it was not for want of money that we took this action, for we could have secured enough to have paid every depositor, but we did not think this the wisest plan.' A NASHVILLE BANK SHUT. Nashville, Tenn., June -The Nashville Savings Company, of which Thomas S. Marris is owner and president. filed an assignment to-night. The liabilities are $282,876, and the assets are valued at $ 125,000. The deposits amount to $109,010 22, and the certificates of deposits to $72,911 21. Among the assets are $60,000 on deposit with Arthur, Ketcher & Co., suspended bankers of New York. In an interview President Marr says the failure was due to the shrinkage in values and steady withdrawal of money by depositors since failures have become so frequent. The recent failures of local business houses and the suspension of the Commercial National Bank also caught him for large sums. ASSETS WIPED OUT. Mankoto, Kan. June 3.-The bank of Burr Oak, Jewell county, closed its doors yesterday morning. The bank was owned by Hulbert Bros., and the liabilities are placed at $35,000. The assets are practically nothing. C. D. Hulbert, one of the proprietors of the bank, has fled and his whereabouts are unknown The depositors are greatly excited, and if he should return either of his own accord or to answer a criminal charge, there being some inclination among the depositors to prefer such a charge, he would be roughly dealt with. A BANK FAILS IN UTAIF. Salt Lake, Utah, June 13.-The Park City Bank suspended yesterday. Its liabilities are $130,000, and its assets as much. The claim is made that the bank will shortly resume. The assignee says that depositors are to be paid 80 cents on the dollar.
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The Weather. Fair; easterly winds. NUGGETS OF NEWS. Forest fires near Creede, Colo., destroyed valuable mining property and large tracts of timber. Frank P. Hastings has been appointed secretary of the Hawaiian legation in Washington. An electric car was run down by a pastenger train in Dayton, O., and four persons were injured, one fatally. A boiler explosion occurred in a basket factory at Peru, Ind., and the engineer, Louis Pratt, and a 9-year-old child were instantly killed. Since March 4 Secretary Carlisle has made changes in the unclassified service of the treasury department to the number of nearly 200 people. Comptroller Eckels has directed Bank Examiner Griffith to take charge of the American National bank, of Omaha, Neb., which closed its doors yesterday. At the Brooklyn navy yard yesterday afternoon the admiral and officers of the Russian squadron presented to Rear Admiral Gherardi a loving cup as a token of their esteem and friendship.
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TIME ALLOWANCE. The Detroit Savings Banks Were Readily Held Up. DETROIT, June 13.-Fourteen savings banks of this city, in view of the tendency among depositors to withdraw their money, have issued a circular saying they will hereafter require the notice provided for according to law. A run of extensive proportions began on the Omaha Savings Bank at the opening this morning, and all morning the bank was besieged by depositors. Senator Henderson and Vice-President Kimball of the Union Pacific, directors of the bank, made speeches to the crowd guaranteeing them their money. but the run continued. One or two runs began at the opening, but business men began to make heavy deposits, and the State Bank Examiner assured depositors that the banks were all in first-class condition, when the excitement 8000 subsided. NEW YORK, June 13. - It has been rumored on the street that the National Lead Company would not declare a dividend on common stock this quarter, but the officers say a dividend will be paid and it will probably be declared before the end of the week. The sales by the company for the month of May are reported to be the largest in its history. Defalcations aggregating $70,800 were discovered in the Irving Savings Institution at 96 Warren street to-day. The shortage was discovered by the State Bank Examiners, who are still at work on the books. The officers implicated are Clarence D. Heaton of Brooklyn, president, who has overdrawn his account $27,100, ex-Secretary W. H. Burton of this city and Paying Teller D. D. Tompkins. After the discovery of the defalcation the resignation of the three officers named were received and accepted, and the facts reported to the District Attorney. Counsel for the institution to-night gave out a statement saying that the deficiency was caused partly by the overdrafts of Clarence D. Heaton and William H. Buxton and the abstraction of funds by D. D. Tompkins. The $25,000 overdraft made by Buxton was at once made good by him by the payment of that much cash and about $1,200 was paid over by President Heaton. The bank is said to have a clear surplus of $675,000. MOBERLY, Mo., June 13.-The Exchange Bank of Moberly made an assignment today for the benefit of creditors. There is no statement yet, but it is believed that payment will be made in full. OMAHA, June 13.-The American National Bank was closed this morning by order of the Comptroller of the Currency. No statement of the American Bank has yet been made, but the Clearing-house has refused to assist it. It is understood its affairs are entangled with those of the MeGague Savings Bank, which closed yesterday afternoon. The Clearing-house, at a meeting last
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OMAHA BANKS. Another Failure and Several Runs in Progress. OMAHA, June 14. -There is a run on every savings bank in the city, precipitated by the failure of the McCague Savings bank Monday, followed by the downfall of the American National bank, in which the McCagues are largely interested. It had been unofficially stated that the Clearing House association would stand by its members, of which the American National is one, but when the assets of the bank came to be examined they were pronounced not good enough, and the aid of the associated banks was withheld. The ominous sign appeared on the doors, and the crowd which had collected became greatly excited. The McCagues tried to assure the depositors, telling them that Every Account Would Be Paid in full. At the Omaha Savings bank the German Savings bank, the American Savings bank, the Globe Loan and Trust company and other institutions there was a steady train of depositors all morning. Cash was paid out as soon as called for and there was no apparent limit to it. Toward noon the lines had dwindled till they appeared no larger than upon any day of business. Bank Examiner Griffith, who took charge of the American National bank for the comptroller, could not say much about the assets. A great deal of paper thought not to be first class figures in the resources of the bank. The falling of in deposits amounted to nearly $200,000 since May 4, and this has badly crippled the institution. The Dime Savings bank compelled its depositors to give 60 days notice of withdrawal. This action, together with the promptness with which other banks met all demands, is believed to have stopped what almost promised to be a panic.
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A HARD ROAD FOR THE BANKS. Runs Are In Progress, and Some Institutions Suspend. OMAHA. June 13.-The American National Bank was closed by order of the Comptroller of the Treasury this morning. Runs were started on the Globe Loan and Trust Company. the Dine Savings Bank. the German Savings Bank. and the Nebraska Savings Bank. No statement of the condition of the American National was made except that the Clearing House refused to assist it. It is understood that the affairs of the bank are entangled with those of the McCague Savings Bank, that closed yesterday afternoon. It was said yesterday that the Clearing House Association would stand by its members. of which the American National Bank is one. but when the assets of the American National came to be examined they were pronounced not good enough. and the aid of the Association banks was withheld. The ominous sign appeared on the door this morning. and the crowd which had collected became greatly excited. The McCagues tried to reasoure the depositors. telling them that every account would be paid in full. At the institutions above named there was a steady drain of deposits all morning. Cash was paid out as ROOD as called for. and there was no ap. parent limit to it. Toward noon the lines had dwindled until they appeared no larger than upon any day of business. Bank Examiner Griffth. who took charge of the American National for the Comptroller this morning. could not say much about the assets. A great deal of paper which is thought not to be first class figured in the resources of the bank. The failing off in deposits had amounted to noarly $200,000 since May 4. and this badly crippled the institution. The Dime havings Bank compelled its depositors to give sixty days' notice of withdrawal This action. together with the promptness with which the other banks met all demanda, is believed to have stopped what promised at first to be a panic. The run was of extensive proportions on the Omaha Havings Bank. and all the morning the bank was besieged by depositors. Senafor Man.
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THE BUSINESS TROUBLES. The American National Bank of Omaha Closed-A Run Started on Several Savings Banks and a Trust Company. OMAHA, June 13.-The American National bank was closed by order of the comptroller of the treasury this morning. Runs were started on the Globe Loan and Trust company, the Dime Savings bank, the German Savings bank and the Nebraska Savings bank. No statement of the condition of the American National was made except that the clearing house refused to assiat it. It is understood that the affairs of the bank are entangled with those of the McCague Savings bank that closed yesterday afternoon.
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BUSINESS TROUBLES. Runs on Several Banks in Omaha and Detroit-A Nachville Bana Faile. NASHVILLE, June 13.-The Nashville Savings Company, of which Thomas S. Marr is president, the oldest financial institution in Nashville, filed articles of assignment tonight. The liabilities are placed at $220,000 and the assets, accord. ing to the president's estimate, will pay not more than 25 or 30 per cent. KANSAS CITY, Mo. June 13.-As a result of the suspension yesterday of the Peopie's Savings bank a run was started on the Kansas City Safe Deposit and Savings bank this morning, but the bank took advantage of the thirty-day clause and at noon the run was practically over. None of the other banks experienced any run. MOBERLY. Mo., June 13.-The Exchange bank. of Moberly. made an assignment today for the benefit of its creditors. No statement is yet obtainable, but it is believed that payments will be made in full. -OMAHA, June 13-The American National bank was closed this morning by order of the comptroller of the currency. and runs are now in progress on the Globe Loan and Trust Company, the Dime Savings bank and the Nebraska Savings bank No statement of the American bank has been made but the clearing house refused to assist it. It is understood that its affairs are entangled with those of Mc. Cague's Savings bank. which closed yesterday afternoon. A run of extensive proportions began on the Omaha Savings bank at opening this morning, and all morning the bank was besieged by depositors. Senator Manderson and Vice President Kimbali, of the Union Pacific, who are directors of the bank. made speeches to the crowd, guaranteeing them their money, but the run continued. A bank examiner is in charge of the American National. The clearing house. at its meeting'la night, decided to give it no help. and the decision of the comptroller to close it followed. The statement made on May 4 showed: Capital stock $200,000 Lease and discounts 571,699 Surplus 16.000 Undivided profits 5,161 Due depositors 577,326 President McCague, of the bank said this afternoon that his bank closed with almost $100,000 in cash and exchange in the bank and the mail brought remittances of $20,000 from New York. He said that while adverse circumstances had overtaken the bank he was positive the depositors would to be paid in full, The Dime Savings bank, American Sav. ings bank and Globe Loan and Trust Company took advantage of the sixty-day rule, but the other savings banks paid depositors in full on demand. NEW YORK, June 1&-The correspondent here of the American National bank. of Omaha, is the First National bank. which reports a substantial balance to its credit. LANSING, Mich June 13.-The commis sioner of banking has received notice that the state bank at Crystal Falls has made an assignment. The capital stock is $250.000 and deposits $60,000. The bank is involved in the failure of the Plankinton bank at Milwaukee. DETROIT, June 13-Fourteen savings banks in this city, in view of the ten-
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MORE SAVINGS BANKS RUNS. Detroit Officials Put on the BrakesTrouble at Omaha. CHICAGO, June 14.- The savings bank run seems epidemic. At Detroit a run was threatened and the officers of all the banks met and agreed to require the time limit of all depositors. The run was started, but every depositor was required to give the legal notice, and confidence was partly restored. At Omaha there was a run on every savings bank in the city caused by the failure of the McCague bank and American National. McCague says he will pay every depositor. All the banks met the run with cash, and the run was greatly abated by night. The Nashville Savings company has made an assignment with liabilities of $282,000 and assets of $125,000. The Irving Savings institution at New York is short $70,000, due to the rascality of its president, secretary, and paying teller.
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OMAHA BANKS. Another Failure and Several Runs in Progress. OMAHA, June 14. -There is a run on every savings bank in the city, precipitated by the failure of the McCague Savings bank Monday, followed by the downfall of the American National bank, in which the McCagues are largely interested. It had been unofficially stated that the Clearing House association would stand by its members, of which the American National is one, but when the assets of the bank came to be examined they were pronounced not good enough, and the aid of the associated banks was withheld. The ominous sign appeared on the doors, and the crowd which had collected became greatly excited. The McCagues tried to assure the depositors, telling them that Every Account Would Be Paid in full. At the Omaha Savings bank the German Savings bank, the American Savings bank, the Globe Loan and Trust company and other institutions there was a steady train of depositors all morning. Cash was paid out as soon as called for and there was no apparent limit to it. Toward noon the lines had dwindled till they appeared no larger than upon any day of busi. ness. Bank Examiner Griffith, who took charge of the American National bank for the comptroller, could not say much about the assets. A great deal of paper thought not to be first class figures in the resources of the bank. The falling of in deposits amounted to nearly $400,000 since May 4, and this has badly crippled the institution. The Dime Savings bank compelled its depositors to give 60 days notice of withdrawal. This action, together with the promptness with which other banks met all demands, is believed to have stopped what almost promised to be a panic.
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1893 BISMARCK, NORTH DAKOTA, FRIDAY JUNE 16 NO SERIOUS RESULTS. 11 THREATEN A BOYCOTT. HEAVY Omaha Savings Banks Experience a General Run. OMAHA, June 14. - -The runs made on d The Great Northern's Cut in Three O most of the savings banks in the city d during the day as a result of the failure Ba Rates Causing No Little of of the McCague Savings bank Monday Discussion. of and the closing of the American Naxtional bank were without serious reut sults to any of the institutions coned cerned. All paid out freely except the Other Roads, It Is Said, Will Evans, t Dime, which demanded the 60 days' eCut Off Connections of ture notice. The Globe paid until noon and of All Kinds. then required the 60 days' notice. The he heaviest run was on the Omaha, of he which Senator Manderson is president. he Its lobby was packed all day, but deNEW Y CHICAGO, June 14.-A boycott is ch positors were paid as fast as they could threatened against the Great Northern aggregatin be accommodated. Senator Manderson in road. The announcement of its intenered in the made a reassuring speech from the ty 96 Warre tion to make a $25 round trip rate beicounter to the crowd and at the closing tween St. Paul and Seattle in both dishortage V hour said the bank was as stable as the ed rections has caused the trouble. The bank exam hills. The manner in which the banks lf on the boo greatest pressure is being brought on he met the run has strengthened public the Great Northern to withdraw its their wor opinion. en
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It was unofficially largely interested stated vesterday that the Clearing House Association would stand by its member , of which the American Na tional is one, but when the assets of the American National Bank come to be examined, they were pronounced not good enough, and the aid of the associated banks was withheld. The American's sign appeared on the door this morning and the crowd which had collected became greatly excited. The McCagues tried to reassure depositors, telling them that every account would be paid in full. At the Omaha Savings Bank, the German Savings Bank, the American Savings Bank, the Globe Loan and Trust Company, and other institutions there was a steady drain of depositors all day. Cash was paid out as soon as called for and there was no apparent limit to it. Senator Manderson and vice president Kimball, of the Union Pacific, directors of the bank, made speeches to the excited depositors, guaranteeing them their money, but the run continued. The Dime Savings Bank compelled its depositors to give sixty days' notice of withdrawal. This action, together with the promptness with which other banks met all de mands, is believed to have stopped what almost promised to be a panic. DETROIT, Mich., June 13. - The State Bank of Crystal Falls, Michigan, has suspended as the result of the failure of the Plankington Bank of Milwaukee. The bank is only a year old, and has a capital of $25,000; deposits $60,000. Officers of all the savings banks in this city agreed to enforce the time limit upon withdrawals of deposits. A run was started this morning upon the People's Savings Bank, one of the strongest in Detroit, but the sixty days' notice requirement checked it Bank officers concur in the statement that it was not for the want of money that we took this action, for we could have secured enough to have paid every depositor, but we did not think this the wisest plan."
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DAYWO DATE TWO DANAS FAIL And a Receiver Has Been Appointed for a Third. OMAHA, NEB -The American National Bank is in the hands of Comptroller J. L. McCague, president, and it is supposed that the American National's connection with the McCague Savings Bank, caused its downfall. There are heavy runs on all the savings banks here. A BALT LAKE CITY BANK SALT LAKE UTAH.--The Park City Bank has suspended. Liabilities $130,000; assets as much. The claim is made that the bank will shortly resume The assignee says that the depositors are to be paid 80 cents on the dollar. A BANK RECEIVER APPOINTED W ASHINGTON, D. C.-The Comptroller of the Currency has appointed Joseph W. Bennett receiver of the Oglthorpe National Bank, Brunswick, G.I.
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BANKS OPENING. Comptroller Eckels Unlocks the Cash Boxes. WASHINGTON, Aug. 30.-Comptroller Eckels is informed that the court has sustained him in the position he took in the case of the Washington National Bank of Tacoma, Wash. The decision is regarded as important, sustaining the right ot the comptroller of the currency to the sole control under the law of the national banks of the country. The following national banks which recently suspended have been today permitted to open their doors to business: The First National Bank of Dubuque, 10. the First National Bank of Grand Junction, Col. The comptroller of the currency has authorized the following national banks to reopen on Sept. 1: The American National Bauk of Omaha, Neb.; the American National Bank of Nashville. The following national banks in Minnesota have been authorized to reopen for business on Sept. 7: The First National Bank of Mankato, the National Citizens' Bank of Mankato, the Mankato National bank. Comptroller Eckles left this evening for bis home at Ottawa, III., to spend a two weeks' vacation.
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Permission to Open. WASHINGTON, Aug. 81.-The following national banks, which recently suspended, have been permitted to open their doors to business at once: The First National bank of Dubuque, Ia.; the First National bank of Grand Junction, Colo. The comptroller of the currency has outhorized the following national banks to resume on Sept. 1: The American National bank of Omaha, Neb,; the American National bank of Nashville, Tenn. The three national banks in Mankato. Minn., have been authorized to reopen for business on Sept. 7.
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National Banks Resume Business. WASHINGTON. Aug. 29.-The following national banks, which recently suspended Dayment. to-day have been permitted to reopen their doors for business. viz.: The German National Bank and the State National Bank of Denver: the First National Bank of Cañon City. Col.: the Louisville City National Bank, Louisville: the Merchants' National Bank of Louisville: the First National Bank of Ashland. Wis., and the First National Bank of Platteville. Wis. Application for authority to organize a national bank was to-day approved by the Comptroller of the Currency for the First National Bank of Woodward. Indian Territory. The Comptroller has authorized the following national banks to reopen on Sept. 1: The American National Bank of Omaha. Neb., and the American National Bank of Nashville, Tenn. The following national banks in Mankato, Minn.. have been authorized to reopen for business on Sept. 7: The First National Bank of Mankato. the National Citizens' Bank of Mankato, and the Mankato National Bank.
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Omaha Bank Resumes. WASHINGTON, Sept. 6. - Deputy Comptroller Tucker has authorized the suspended American National bank, of Omaha, Neb., to resume business.
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Omaha Bank to Resume. OMAHA, Sept. 7.-The American National bank of this city resumed business today after a suspension since June 13.
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LATER advices say that since the recent storm in the south 390 dead bodies have been found on the islands about Beautort and Port Royal, S.C., and that the total number of dead would reach 1.000. Over $2,000,000 worth of property was wrecked near the same points. Near Jacksonville. Fla. fourteen dead bodies were found, and the damage to fruit trees and orange groves was enormous AT the session in St. Louis of the seventh international Sunday school convention the report of Secretary Porter $ showed the number of Sunday schools of the United States and British Americá to be 130,197; teachers and officers, 1,372,558; scholars, 10,870,104; total, 11,242,663. WHILE carelessly handling a revolver supposed to be unloaded Leo Stafford shot and killed his bride of six weeks at East Liverpool, O. THE total paid admissions during the first four months of the world's fair numbered 9,990,699. By months the attendance was: May, 1,050,037; June, 2,675,113; July, 2,760,263; Angust, 3,514,286. IN Chicago Judge Goggin declared the world's fair Sunday opening injunction should stand, overriding rddes Dunne and Brentano and surprising court attendants. FIVE tramps and Jack Swanson, the engineer, were killed in a freight train wreck near Brenham, Tex., and Fireman Cameron and Brakeman Ford were fatally injured. H. S. BUNDY, of Jackson county, was nominated for congress in the Tenth Ohio district on the 1,793d ballot. Mr. Bundy has served two terms in congress. AT Rockford, III., the Royal Sewing Machine company made an assignment with liabilities of $119,000 and assets of $40,000. WHILE Insane Samuel Deeters, of Waterloo, Ind., shot and killed Amos Bactel and fatally shot Mrs. Lowe, neighbors, and wounded his mother. FIRE destroyed the business part of De Pauw. Ind. THE following executions took place: George S. Turner (a wealthy man) at Spartenburg, S. C., for killing Ed Finger: Wade Cannon and George Bowers (colored) at Laurens, 8. C., for arson and John Ferguson for wife murder: Oscar Johnson and Henry Ewing at Berkely, S. C., for murdering Henry Weltman; and Ah Lo Doon, a Chinaman. at San Rafael, Cal., for the murder of William Shentor. RECEIVERS were named for the Equitable Mortgage company of Missouri, with headquarters in New York, the liabilities being $19,000,000. THE American national bank of Nashville, Tenn., and the American national bank of Omaha, Neb., have reopened their doors. AT the annual meeting in Milwaukee Judge Thomas Cooley, of Michigan, was elected president of the American Bar association. THE Denver savings bank failed with liabilities of $670,000. Depositors would be paid in full.
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CONDENSED TELEGRAMS. The Alabama State board of convict commissioners have decided to purchase 25 acres of land near the present penitentiary and erect several factories to be operated by the State's convicts. This is the first move for the removal of the convicts from the mines. The Republican State central committee of Colorado decided to make silver the paramount issue in the coming campaign, but not to abandon the Republican party at large. Achinese pirates recently captured the steamer of the Chinese consul at Penang, killing 24, wounding 100, and securing booty to the amount of $20,000. The suspended American National bank of Omaha, Neb., has been authorized to resume business.