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New Hampshire Trust Company Falls MANCHESTER, N. H. Nov. 11.-Late Saturday night the State Bank commissioner made application to the supreme court for a receiver for the New Hampshire Trust Co. for the benefit of its creditors. The liabilities are put at $4,882,632 in the Trust departmentand $272,187 in the saving department,
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NEW HAMPSHIRE FAILURE. Collapse of Rotten Trust and Savings Concern in Virtuous New England. Manchester, N. H., Nov. 11.-Late on Saturday night, the state bank commissioners made an application to the supreme court for a receiver for the New Hampshire Trust company for the benefit of the creditors. The liabilities of the concern are $8,882,682 in the trust department and $272,187 in the savings department. The company holds mortgages and liens on 1,000 parcels of land in the two Dakotas and Minnesota, on which it CRN not now realize. The last published statement of assets puta them at $402,526.
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Business Failures. Indianapolis, Nov. 11.-Receiver Failey, of the Order of the Iron Hall, today made his report. He says he is chargeable since October 17, 1894, with $1,025,463. and that he has paid out $838,860. The cash balance is $178,219. There are outstanding claims amounting to $154,763, and the receiver says the balance after paying all claims will be $10,000. Manchester, N. H., Nov. 1.-Late Saturday night the state bank commissioners made application to the supreme court for a receiver for the New Hampshire Trust Company for the benefit of its creditors. The liabilities are put at $4,882,632 in the trust department and $272,187 in the savings department. The company holds mortgages and liens on 1,000 parcels of land in the two Dakotas and Minnesota, on which it cannot now realize, and also owns a large amount of valuable real estate in this state and in Maine. On one block in this city it earns 3 net income of $33,000 a year. The last published statement of its assets put them at $402,526. President H. D. Upton, in speaking of the matter, said: "The bank commissioners examined into the condition of the company during the past week, and we had no reason to believe they would act as they did. The only notice we received that a petition was to be filed was after it had been done. I think they were extremely discourteous, and I resent their methods. A meeting of the directors is called for Tuesday, at which time some action will he taken on the application for a receivership. We are not disposed to fight the proceedings If It does not seem best. As It is now. I am strongly in favor of doing so. The commissioners seem to know it all. Their pisition, as I understand it. is that the company cannot get on its feet again. and that its affairs should be wound up." No detailed statement of the condition of the company is obtainable. New York, Nov. 11.-Judge Lacombe, in the United States circuit court, today granted the petition of the receivers for the Jarvis-Conklin Mortgage Trust Company to sell all the assets held by them. The amount of assets. exclusive of cash, is, acording to the books, $3,798,030, but the receivers say this is a largely prospective value. The receivers also hold much real estate in the Western and Southern states, representing an expenditure of $1,900,000. The sale will take place on December 11.
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NEW HAMPSHIRE TRUST CO. Its Affairs Including About Five Million in Liabilities to Be Wound Up. MANCHESTER, N. H., Nov. 11.-Late Saturday night the state bank commissioner made application to the supreme court for a receiver for the New Hampshire Trust company for the benefit of its creditors. The liabilities are put at $4,882,632 in the trust department, and $272,187 in the savings department. The company holds mortgages and liens on 1,000 parcels of land in the two Dakotas and Minnesota, on which it cannot now realize, and also owns a large amount of valuable real estate in this state and in Maine. On one block in this city it earns a net income of $30,000 a year. The last published statement of its assets put them at $402,526. President Hiram D. Upton. in speaking of the matter, said: "The bank commissioners examined into the condition of the company the past week, and we had no reason to believe they would act as they did. The only notice we received that a petition was to be filed was after it had been done. I think they were extremely discourteous and I resent their methods. "A meeting of the directors is called for Tuesday, at which time some action will be taken on the application for the receivership. We are not disposed to fight the proceedings if it does not seem best. As it is now, I am strongly in favor of doing so. The commissioners seem to know it all. Their position, as I understand it, is that the company cannot get on its feet again and that its affairs should be wound up." No detailed statement of the condition of the company is obtainable.
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MILLIONS INVOLVED. Steps Taken to Wind Up the New Hampshire Trust Company. Manchester, N. H., Nov. 11.-Late Saturday night the state bank commissioners made application to the Supreme court for a receiver for the New Hampshire Trust company, for the benefit of its creditors. The liabilities are put at $4,882,632 in the Trust department, and $272,187 in the savings department. The company holds mortgages and liens on 1,000 parcels of land in the two Dakotas and Minnesota, on which it cannot now realize, and also owns a large amount of valuable real estate in this state and in Maine. On one block in this city it earns a net income of $30,000 R year. The last published statement of its assets put them at $402,526. President Hiram D. Upton, in speaking of the matter, said: "The bank commissioners examined into the cond'tion of the company during the past week, and we had no reason to believe they would act as they did. The only notice we received that a petition was to be filed was after it has been done. I think they were extermely discourteous and I resent their methods. "A meeting of the directors Is called for Tuesday, at which time some action will be taken on the application for the receivership. We are not disposed to fight the proceedings if it does not seem best. As it is now, I am strongly in favor of doing so. The commissioners seem to know it all. Their position, as I understand it, is that the company caunot get on its feet again, and that its affairs should be wound up." No detailed statement of the condition of the company is obtainable.
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BIG CONCERN IN TROUBLE. New Hampshire Trust Company Facing Serious Difficulties, Manchester, N. H., Nov. 12. - The state bank commission Saturday evening applied to the supreme court for a receiver for the New Hampshire Trust company. Their action was unknown to the officers, and it is asserted was taken in the interest of the creditors. The company's liabilities in its trust department are $4,882,632.10, and in its savings department $272,187.14. It holds mortgages and liens on 1,000 parcels of land in the two Dakotas and in Minnesota, which at this time it is impossible to realize on. It also holds much valuable real estate hereabouts. Its last statement of assets shows $402,526.56 charged to profit and loss in the trust and $43,780.92 in the banking department. President Hiram Duplon emphatically asserts that the action of the commissioners is extremely discourteous, and he resents it. He thinks the company can pull through and says the directors will fight the court proceedings. No detailed statement of the condition of the company is obtainable.
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MILLIONS INVOLVED. Steps Taken to Wind Up the New Hampshire Trust Company. Manchester, N. H., Nov. 11.-Late Saturday night the state bank commissioners made application to the Supreme court for a receiver for the New Hampshire Trust company, for the benefit of its creditors. The liabilities are put at $4,882,632 in the Trust department. and $272,187 in the savings department. The company holds mortgages and liens on 1,000 parcels of land in the two Dakotas and Minnesota, on which it cannot now realize. and also owns a large amount of valuable real estate in this state and in Maine. On one block in this city it earns a net income of $30,000 R year. The last published statement of its assets put them at $402,526. President Hiram D. Upton, in speaking of the matter. said: "The bank commissioners examined into the cond:tion of the company during the past week, and we had no reason to believe they would act as they did. The only notice we received that a petition was to be filed was after it has been done. I think they were extermely discourteous and I resent their methods. "A meeting of the directors is called for Tuesday. at which time some action will be taken on the application for the receivership. We are not disposed to fight the proceedings if it does not seem best. As it is now. I am strongly in favor of doing so. The commissioners seem to know it all. Their position, as I understand it, is that the company cannot get on its feet again. and that its affairs should be wound up." No detailed statement of the condition of the company is obtainable.
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The new constitution of South Carolina will provide for the taxation of sleeping cars running through the State. The bondholders of the Kansas City Times are taking steps to foreclose the mortgages and sell the property. Under the new South Carolina constitution railroads running through the State must charter under the State law. The free silver Democrats of Tennessee have organized with a view to capturing the delegation to the national convention. The Chickasaw and Choctaw Indian nations have declined to give up their tribal relations and don't want theirlands allotted. The Georgia Populists will hold a State convention at Atlanta December 18, to nominate delegates to the national convention. The Union Pacific has advanced freight rates from Nebraska points to Kansas City, and the business men of that city are protesting. James R. Garfield, son of ex-President Garfield, was elected State Senator in his father's old district in Ohio at the recent election. The Elmira (N. Y.) reformatory reports that 81.9 per cent. of the inmates paroled and 63.6 per cent. of those discharged were reformed. A Legislative committee is investigating charges of corruption against the city government of Philadelphia. It's Republican, of course. Twelve hundred witnesses were subpcenaed to appear before the United States court and grand jury at Kansas City November 11. Don Caesar Moreno has been sentenced to ninety days in jail at Washington for criminally libeling Baron Fava, the Italian Ambassador. Ex-Treasurer Clay, of Lawrence county, Ohio, has been given five years in the penitentiary and fined $11,000 for embezzling county funds. The trial of Davis, charged with wrecking a Rock Island train near Lincoln, Neb., was ended November 14 by one of the jurors going insane. The United States Leather Company shut down the 100 tanneries under its control November 6, throwing 15,000 persons out of employment. The Denver Road is authority for the statement that Colorado miners are producing $600,000 of gold per month at a cost of 6 cents per ounce. Secretary Morton says: "I am in favor of a declaration in the next Democratic platform squarely committing the party to gold monemetallism." Acting Mayor Faude, of Ashland, Wis., is under arrest for violating his oath of office by issuing an order permitting saloons to keep open on Sunday. A scheme is on foot to complete the Nicaragua canal by private enterprise. New York and London capitalists are said to be interested in the scheme. The New Hampshire Trust Company, having liabilities amounting to 5,150,000, has been put into the hands of a receiver. It is located at Manchester, N. H. A story is being printed in Eastern papers to the effect that Cleveland, Olney and Carlisle will form a law partnership at the expiration of their terms of office. The register of the land office at Hailey, Idaho, under the Harrison administration, is under arrest charged with embezzling $2.911 belonging to the government.
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Talk of Reorganization. MANCHESTER, N. H., Nov. 20.-Hiram D. Upton has resigned as president of the New Hampshire Trust company. Foster R. Clement of Minneapolis will succeed him. President Upton's action is said to be the outcome of the recent petition for the appointment of a receiver made by the state bank commissioners. It is claimed that to offset this petition an attempt will be made to reorganize the company, and that President Upton's resignation is one of the first steps toward the consummation of this plan.
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Talk of Reorganization. MANCHESTER, N. H., Nov. 20.-Hiram D. Upton has resigned as president of the New Hampshire Trust company. Foster R. Clement of Minneapolis will succeed him. President Upton's action is said to be the outcome of the recent petition for the appointment of a receiver made by the state bank commissioners. It is claimed that to offset this petition an attempt will be made to reorganize the company, and that President Upton's resignation is one of the first steps toward the consum mation of this plan.