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CAPE MAY BANK CLOSES. 4 National Bank Examiner Has Been Placed in Charge. The controller of the currency has received advice from National Bank Examiner Francis N. Buck that the First National Bank of Cape May, N. J., closed its doors today by direction of its president. The controller has appointed National Bank Examiner Wm. M. Hardt receiver. The resources and liabilities of the bank as shown by the last report of condition, dated March 28, 1904, were as follows: Decemence
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Cape May Bank Suspends. CAPE MAY, N. J., May 24.-The First National Bank of Cape May was closed today by order of the controller of the currency. The bank was recently reorganized and the present officers of the institution after a consultation with Bank Examiner Buck last night decided to suspend business. It is said that the depositors will be paid in full. Financial difficulties of the former president, it is stated, caused the present trouble.
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TELEGRAPHIC BREVITIES Festivities begun yesterday at the home of Mr. and Mrs. Peter Skeady, of Trenton, N. J., in honor of the wedding of their daughter, Jennie, to Frank Schaltz culminated in a tragedy this morning when the bridegroom and his brother, Joseph, were shot by James F. Skeady, a brother of the bride. The First National Bank of Cape May has been closed by order of the Comptroller of the Currency. The depositors will be paid in full. It is said the troubles are due to the financial difficulties of its former president, Dr. Wesley R. Wales. The comptroller has appointed National Bank Examiner Wm. M. Hart receiver. William H. Brown, president of an iron company, at Indianapolis, Ind., was discovered by the police Monday to be treating a horse suffering with lockjaw by faith cure methods. Mrs. Brown said a veterenarian had been employed but failed to relieved the suffering animal, and Mr. Brown resorted to prayer. The insular legislature, at Sau Juan, Porto Rico, adjourned today, but immediately reopened for the first day of the extraordinary session, called for the purpose of negotiating a loan of $5,000,000 from the United States. One man was killed and the other was scalded so horribly by the explosion of a water bar under the cab of an express train engine on the Reading Railroad early last evening that he is not expected to live. Prof. Frank H. Slyder, former superintendant of the public schools of Franklin county, Pa., and recently a follower of Dowie, committed suicide yesterday at his home near Orrstown, across the Pennsylvania line. Judge Ralston in Philadelphia today, established a Pennsylvania precedent by deciding that relatives of a man hung for murder cannot recover the amount of his life insurance policy. A telegram from Beaver, Pa., this morning says that Senator Quay is a little better.
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Bank at Cape May Closed. Cape May, N. J.,' May 24.-The FirstNational bank of Cape May was closed todaý by order of the comptroller of the currency. The bank was recently reorganized and the present officers of the institution after a consultation with Bank Examiner Buck last night decided to suspend business. .It is said that the depositors will be paid in full. Financial difficulties foraformer president, it is stated caused the present trouble.
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A Cape May Bank Closed. Cape May, N.J., May 25.-The First National bank of Cape May has been closed by order of the comptroller of the currency. The bank was recently reorganized, and the present officers of the institution, after a consultation with Bank Examiner Buck, decided to suspend business. It is said that the depositors will be paid in full. Financial difficulties of the former president it is stated, caused the present trouble.
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Cape May Bank May Resume. Cape May, N. J., May 26.-Receiver Hardt, of the First National bank of this city, which closed on Tuesday, says that the bank will probably resume. It is said that President Physick acted hastily in asking that the comptroller of currency send a bank examiner to take charge of the institution.
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CAPE MAY BANK CLOSED. The First National Bank of Cape May, N. J., Closed by Order of Comptroller of Currency. Cape May, N. J., May 25.-The First national bank of Cape May has been closed by order of the comptroiler of the currency. The bank was recently reorganized, and the present officers of the institution, after a consultation with Bank Examiner Buck, decided to suspend business. It is said that the (epositors will be paid in full Financial difficulties of the former president, it is stated, caused the present trouble
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# CAPITAL NOTES. Secretary Hay has decided that, notwithstanding Belgian capitalists' interests in it, the United States will protect the Canton-Hankow railway, in China, as an American enterprise. Agricultural Department figures give $4,500,000,000 as a conservative estimate of the value of United States farm products exclusive of those fed to live stock in 1903. The Republic of Panama will try to invest $6,000,000 of the $10,000,000 received from the United States in mortgages on New York property. Commander Peary expects to take with him to Greenland in July a party of consumptives, who, it is thought, will profit by the Arctic air treatment. The First National Bank of Cape May was closed by order of the controller of the currency. The bank was recently reorganized and the present officers of the institution, after a consultation with Bank Examiner Buck, decided to suspend business. It is said that the depositors will be paid in full. Financial difficulties of the former president, it is stated, caused the present trouble.
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NOTES. of A Events. Summary Important AND GENERAL at A PERSONALE Susque in Coal hanna ten Wilkesbarre, telegraco.soffices the 25th, Pa. that t stated miners by and were gas sulphur suffocate in the workfrom fumes at Co. locomotime Coal of the ings Summit Dauphi & on the train Williamsupsion Yelnear was into fired ctor 25th Conductor was Ohio An railroad Ala., on of Birmingham Meridi- sekilled, a negro and wounded. low S. W Pine, Ashew, and Joseph passenger Richard, were viceSenor Venezuelan was result in his on expection the in Rue of an Ville Just, an, riously Quivre, asphy the as the 25th. in the were Five injured persons in the were collapse scores bruised N. Y., at tent Fort and circus Plain, of 25th. has given the EmAllen en poria Wall Gazette, that his there sertions on Gov. the Bailey White, of Kansas editor of crooked- to prove in the state and gross laxness his by word him taking him and state accountant salary at the World's building was fair derable considera a on the cemony music parade, centions without The Illinois dedicated 27th, with including in plenty of Mrs. lot and making of of the the wife the Yates, "Old Glory Prairie unfurled and the the over proceedin up the ings with wound reception parlors. the ident's eldest World's at St. fair Louis, she whose guest Catlin family of spacious Miss daughter, Alice Roosevelt, Roosever 19 under doing escort the is. of Miss the the the effects shows as has eived, she receiver she easily Strenuous of in her escorts staff, The general Russian of of physical Roosevelt training tires out seeing the most the sights. in view the Kinnews is now little there on Port of of the admit Japanes that advance actual siege Mrs. Chou, to hinder and a that the in earnest of Colorado, was chosen Arthur, has begun the Genof Women's Federation St. on in that place Sarah Platt-Decker of clubs the at Louis of St. held Moore, Louis, The vatican eral election Philip vice- W. presideworld's St. in fair Louis remains the 24th. the was Mrs. elected exhibit at unpacked the ked, papal and because therefore invisible, of more visiting thinks in than old friends Washington asof the duty does "erforming the by pope. two miles about of do25th, west Guthrie, to much damage many outbuild he signed A tornado to him struck Okla. on property, the five the From having and hail growing farm ing houses been the crops wheat also suffered being sufStock on ording Accord heavily, wind and the broken were down lost received the the 24th, Japa tensive prepara fered, blown but no lives to dispatcies making Port Ar- exof with the China thur, veterans task such hosen mainly on the is landed being Liao Tung being heavy artillery peninsula the ChemornNews reached had ing been the of that 26th, battle and the Rus fought between Japanese of at Dalny north of the The battle not was sians on the 22d. leraned. the under that report Russians, at defeated Japanese The Russians the The captain Kin- Gen. The Chow Fock, enemy is confirmed into which decimated defile command- ted and them. 140 The heavier. A lured ed by Russians two guns, Japanese lost one loss is reported States to United of for Panam', has have men. treaty been between the the extradition been signed United States charge prilla, fugitives and from W. justice, Russell, Senor De La Esminister C. Foote, by William d'affaires ires, of and relations. mer- of son and Wash., steel by chant Harry of resident Tacoma, of America suicide He shooting despondent. works the vice- of Chicago, himself in the head of Hawaii Liliuokalani Francison co. and her the 26th, for Sonoma was Former party Queen sailed from Honolulu San on the on the Co. announced, inclgold steamer J. P that Morgan the payment transfers of Panama the of $40, $10,000,000 Canal 26th, dent to the money to the completed. purchase in Paris have that been an anti- Bessarabia, the Jews. Co. It is reported at housand Choism, workmen quelled attacked the riot. riot Russia. has occurred Three Troops eventually of the First national recently receiver will probbank The of Cape that May, the bank A of the Tokio London ably closed, resume says respondent business. he the that Jap says 12 within miles of Port Russians heavier suffered casualties taken guns anese Telegraph Arthur. are and now the than and the have He prisoners. now Japanese, who and surprise, a few as Japan direc- is by headed other predicts increasing ma a further her efforts in all Mayor reported the tions. A committee, Yazoo City, their Miss. homes that in fire, that and that destitute. Holmes 500 of families lost one- half The of coman for appeal outside tions number declined were to announced make that and any contribution mittee aid, but would be received grand assistant distributed. T. S. Ingraham of first the International Engineers, chief engineer of Locomotive desk at the con- the Brotherhood dropped dead Los at Angeles, his Cal., on 28th, vention from in apoplexy New Liberty, Pope is re to ported The village of the Ohio river, by a tora building Not county, III.; have on been destroyed left stand-
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A New Jersey Bank Closed. The comptroller of the currrency has received advices from National Bank Examiner Francis N. Buck that the First National Bank of Cape May, N. J., closed its doors by direction of its president. The comptroller has appointed National Bank Examiner William M. Hardt receiver. The bank has loans and discounts of $60,234, capital $25,000, and individual deposits of $50,094.
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Bank May Resume. Cape May, N. J., May 27.-The receiver of the First national bank of Cape May, which was closed, says that the bank will probably resume
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PERSONAL AND GENERAL Former Queen Lilluokalani of Hawaii and her party sailed from San Francis- the co. on the 26th, for Honolulu on steamer Sonoma. A Tokio correspondent of the London Telegraph says he learns that the Japare now Arthur, and that the anese of Port troops within than Russians 12 miles the suffered heavier casualties Japanese. who have taken guns and other material and a few prisoners He predicts a further surprise. as Japan is now increasing her efforts in all directions. A committee, headed by Mayor Holmes of Yazoo City, Miss., reported in that 500 families lost their homes the fire, and that one-half of com- that number were destitute. The mittee declined to make an appeal for outside aid. but announced that any contributions would be received and distributed. A dispatch from Che Foo. on the 27th. said that the Japanese had captured Kin-Chou on the 26th. driving good out the Russians, who retired in order to the south rn heights, which were subsequently carried by storm resist- by the Japanese after a stubborn ance. T.S. Ingraham. first assistant grand engineer of the International Brotherhood chief of Locomotive Engineers, dropped dead at his desk at the con- the vention in Los Angeles, Cal., on 28th. from apoplexy. The receiver of the First national bank of Cape May, N. J., recently closed, says that the bank will probably resume business. Miss Alice Roosevelt, eldest daughter of the president, arrived in St. Louis, on the 26th, where she is the of Miss Trene Catlin. After an al fresco tea at Miss Alice and a guest residence informal the party Catlin the of made an evening visit to fair to sea the friends World's Lindsborg, illumination. A tornado struck Kas., the 25th, demolishing the Union on Pacific depot and the large armory built for the state militia. besides unroofing a large number of buildings. Van Amburg's circus tent was literally torn to pieces and scattered. The buildings of the New York City the Milling Co. were wrecked by fire on of night of the 27th. and 4,000 barrels $200,flour were destroyed. The loss is 000. Charles H. Schlacks has been ap- & pointed vice-president of the Denver succeed Rio Grande Railroad Co., to in orRussell Harding, who resigned the der to devote his whole time to Missouri Pacific. Rear-Admiral Winfield S. Schley, distin- reas one of a party of arrived guished tired, Scottish Rite Masons, St. Louis, on the 26th Accompanyin the party was James D. Richard- supreme ing grand commander of the an ofcouncil. son. The party is making ficial tour in a private car. One of the !atest war reports is that Russians, thinking that the Japan- Wang the had retired from Feng Hai ese sent a force of 15,000 from Feng Cheng. and Liao Yang towards by Cheng Wang Cheng. They were surprised The 20,000 Japanese in the Tung pass. and over Russian casualties were 4,000, 1,000 Russians surrendered. Cyrus E. McGrady, président of the Seymour national bank at Indianapolis, Anderson, was sentenced by Judge in the Ind.. the federal court. to six years of United States prison at Leavenworth of Kas. Alfred C. Parker, president was First national bank of Bedford, same sentenced the to five years in the prison. The ornithologists of the department inagriculture have been making an of of of the economic value vestigation. result of which it is quail, as a "probthe announced that the bird abundant is ably now the most useful and species on the farms. Methodist general conference, voted, The session at Los Angeles, Cal. to in practically unanimous vote. so as by a the church constitution bishops amend to provide for the election of of other than of the white race. comptroller of the currency Stur- has The by Bank Examiner been notified that he has closed the Elk City The national tevant bank of Elk City, Okla. $25,000. stock of the bank was capital Fire destroyed the plant and Co. ware- at house of the Alabama Cordage entailMontgomery, Ala.. on the 29th, pracloss of $400,000. which is ing a covered by insurance. tically Keen, at one time a wellIrish comedian. and a in known Ainslee J. drowned veteran civil war. was of the barrel near his home at Waukesha, to rain Wis. The drowning is supposed have been accidental. Fire wiped out the principal business Ia., inof the town of Eldridge, B. Weiz block the general store of J. yards cluding the town elevator. stock & and Co., several residences. Loss, $75,000; insurance, $50,000. wellthe 30th John Seyfried, a Joseph, On saloonkeeper of St. at his known murdered by thugs when Mo., was was alive place of business. He soon afterby his wife, but died confound ward. without having regained sciousness. band of 50 Apache Indians, States under A of detachment of United on the arrived in St. 29th. soldiers, guard and were taken immediately Louis Eight of the to World's fair grounds. the were carrying papooses squaws Edward received Capt. audience Mahan, King N. (retired), in private his U. S. the 30th. The king expressed conon appreciation of the captain's if the world. tributions deep to the naval history
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CURRENT GENERAL at the World's Conduct in Mrs. of the in of Kinlittle the of St. the of St. the World the of the duty 25th, having and the hail tensive war with the being task on heavy landed Kas., the the 25th, Union and depot Pacific built militia, of roofing Van was to torn and the on News morning of that had 26th, been battle and the fought Rus of sians Dainy, on of the The battle was under Gen. Kin the lured ed by guns, The The loss men. have been heavier. A treaty hetween of and Panam's from fugitives by States United "William charge of prilla. relations. Harry Foote, of of chant and the of works suicide by He head. himself phooting was of Former Hawaii and her San party sailed Francison the on for the 26th, Henolulu steamer Sonoma. Co. J.P. on the Morgan 26th, of that the gold incident to the of the $40,000,000 to the purchase Canal money Panama Co. in been have It is an that reported riot has at Choism, Bessaraoccurred Three bia, Russia. thousand Jews. Troops eventually the attacked the riot. queiled The of the First national of N. bank Cape May, recently closed, will says the that bank probably resume A of Tokio the London he says the that JapTelegraph anese 12 are troops now miles within of the Port and that Arthur, Russians suffered than the heavier casualties who and have guns Japanese, other and He few material paisoners. is as predicts Japan further surprise, now in all her efforts direcincreasing tions. by headed Mayor committee, City, Miss., reported 500 in homes number were The Holmes A of families Yazoo lost their of com- that that the fire, and that destitute. to mittee an for make declined appeal aid, outside but that any announced and would received contributions distributed. first grand assistant International T. S. Ingraham, of the Engineers, engineer Locomotive the convention in dead Angeles, Brotherhood chief dropped Los of at his desk Liberty, Cal., at on Pope the from apoplexy. is re village of Ohio a 28th, The III., on the New destroyed river, by stand- torcounty, been was left St. ported ing. nado. No to Not lives, have a Roosevelt, building however, were eldest lost. daugh- in arrived the guest the where an ter Louis, Miss of OG Alice the president, 26th, Trene Catlin. the she After Catlin is of of Miss fresco tea at party friends made an informal al and a the residence Miss Alice visit to evening
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Wm. H. O'Keefe, of Philadelphia, was down on Sunday and joined his wife and niece at their cottage on Glenwood avenue. Wm. G. Hand, D. D. S., dentist, of Court House, will be at Cohen Bros. drug store on Tuesdays and Fridays of each week. Order your ice cream from Mills & Co., opposite railroad station, Holly * Beach. Jacob Kemper, accompanied by his two daughters, came down from Philadelphia this morning to remain for the summer. Mr. Kemper will be remembered as keeping a little ice cream and confectionery store last summer, and he is arranging to open up again on Saturday, where he will be glad to see all his old friends. Splendid cement and flagstone sidewalks and curbing have taken the place of sandy, muddy or uneven walks and wooden curb; and our streets are hard, smooth and clean. Baker Bros.t Willits Corson, optician, will be at Cohen Bros. drug store every Thursday. See adv. in another column. The First National Bank of Cape May, which was closed three weeks ago by the Comptroller of the Currency, at the request of its president, Dr. Emlen Physick, still remains closed despite the efforts of the directors to have it opened again. It appears that the president asked the comptroller to close the bank without consulting the directors, and the latter are very indignant at the president's action. Receiver Hardt has promised to make a statement to the public. One of the directors is quoted as saying: "It was a wrong business move and had the directors been consulted before the step was taken everything would have been adjusted satisfactorily and the bank would be still open and doing business."
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A New Jersey Bank Closed. The comptroller of the currrency has received advices from National Bank Examiner Francis N. Buck that the First National Bank of Cape May. N. J., closed its doors by direction of its president. The comptroller has appointed National Bank Examiner William M. Hardt receiver. The bank has loans and discounts of $60,234, capital $25,000, and individual deposits of $50,094.
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BUSY JUNE DAYS IN WILDWOOD-BY-THE-SEA An Interesting Lot of News Notes. Items of a Personal Nature Concerning the Many People Who Are Interested in Wildwood Independence Day will be a "thing of beauty and a joy forever" in Wildwood. The committee of the Board of Trade, having the celebration in charge, is bending every effort to excel all previous attempts to entertain the good people who will spend the Fourth of July in this wonderland by the sea. Every lover of music will enjoy the band concerts, and board walk strollers will have "no end to fun." The ocean yacht race will entertain the great throng from 10 o'clock, a. m., until the finish, and in the evening the fireworks display cannot fail to delight everyone. Seven boats have entered and will contest for the two prizes to be paid in gold, one of $35 to the winner, and another of $15 to the yacht coming in second. The several yachts and captains are as follows: "Adalene," Captain Risley; "Lillie," Captain Shivers; "Nora," Captain Herbert Shivers; "Barbara," Captain Wilson; "Rud pert," Captain Mathews; "Sallie B.," Captain Cookman; "Stella," Captain Joseph Ludlam. The yacht "Pitt-S. burg," Captain Jeffries, will be one of the stake boats. Frank S. Lloyd, late cashier of the First National Bank, of Cape May, was in Wildwood on Friday of last week. The closing of the Cape May m bank was caused by no fault of Mr. lk Lloyd's and he has been complimented by Receiver William M. Hardt for the manner in which he kept the books. Augustus D. Lynch, of Indiana, has been appointed by the comptroller of the currency receiver of the J. bank in place of Mr. Hardt, who has returned to Philadelphia to continue his duties as bank examiner there. Mr. Lloyd has been retained by the receiver and is in charge of the bank. as The bank will not resume business but the depositors will be paid in full. aCashier Lloyd is a brother of J. Warcal ren Lloyd, clerk at Hotel Dayton. in Attention.-Mention that you saw 0 our advertisement in this paper and we in will allow you 10 per cent. reduction from the amount of your purchase. We do this in order to ascertain whether = our advs. are read. M. Eisenstein, e * clothier. is Continued on Page 5.
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A happy culmination of the unfortunate failure of the First National Bank at Cape May is in the announcement made by the Receiver last week that on demand every claim against the bank, with interest, will be paid. Not a depositor or stockholder suffers any loss except the president, Dr. Physick, who was blamed by many for precipitating the closing of the institution without consulting the directors. Dr. Physick stands the losses, if any. The bank was closed in May last and at the time it was charged that owing to bad investments, there would be large losses, but such seems not to have been the case.
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Apr. 4-Capital Nat. bank, Guthrie, Okla.; $1,033,000. W. B. Mack, New York. 5-Citizens' bank, McLeod, Okla Akron (0.) Savings bank Chicago Women's Business club. 6-Wanzer & Co., Chicago grain merchants. Dow City (la.) Exchange bank Buck Grove (Ia.) bank. 18-McCoy's bank, Rensselaer, Ind. May 12-Farmers' State bank, Nardin, Okla. 24-First national bank of Cape May, N. J., closed by special order. Jul. 27-First Nat. bank, Saratoga, N. Y.... Grinnel (Ia.) First Nat. bank. 28-Mauston (Wis.) bank. Oct. 11-Bank of Plainfield, Wis., closed by state commissioner. Nov. 11-Federal Stock and Grain Co., Boston, assigns, liabilities $150,000. 17-Because of run, Berlin, Wis., bank closes. 23-Janney Co., Ottumwa, Ia., goes to receiver. 25-Davenport, Wash., national bank declared insolvent. 28-Gen. Coxey. of Mount Vernon, O., bankrupt. Liabilities, $287,000. Dec. 8-C. H. Slack & Co., prominent Chicago grocers. Liabilities, $167,000; assets, $100,000. 20-First national bank, Conneaut, and Marine bank, Conneaut Harbor, O., suspend. 22-Dedham savings bank, Dedham, Ia., closed.