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Bank Assignment. Denver, 18.-Republican's Leadville: The City bank of Leadville assigned to-day for the benefit of creditors. The bank has been in difficulty for the past year. The failure creates but little excitement. The loss is contined exclusively to stockholders and directors, who realize about 50 cents on the dollar. It is alleged that all other creditors were paid before the close.
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in the rigging, as the cold caused them to lose their hold and the waves tore the rigging from their grasp. When he was leaving the cabin he saw a gentleman keeping a lady and two boys in their stateroom. None of this party was seen afterwards, the cabin and all in it being overwhelmed in the sea. NEW BEDFORD, Mass., Jan. 19.-The early train from Boston this moring was heavily laden with relatives and friends of the City of Columbus disaster. But little information could be gained regarding individual victims, and they have since been wandering to and fro on the wharves, importuning all they met about the wreck. The revenue cutter Dexter sailed with the tug Nellie for the wreck and to search for the bodies. All the bodies brought here on the Dexter are identified except one. The Dexter returns this afternoon, and until then no further information can be obtained from the wreck. H. A. Phillips, assistant engineer of the City of Columbus states that when they struck, Morrison, chief engineer, exclaimed: "The vessel is ashore!" We shut down right off, and the ship backed off. Then we got bells to go ahead, and she drove right on to the reef again. It did not seem ten minutes before she sank. I had just time to get a life-preserver. The boat was outside the buoy, but there was a terrific current. BOSTON, Jan. 19.-A dispatch from Capt. S. E. Wright says the wreck of the City of Columbus is & mile and a half from shore, with her bow out of water, while her stern lies in about four fathoms. The upper works are gone. If the weather moderates it may be possible to save some part of the vessel. Nickerson, the President of the company, left Boston at 3 o'clock this morning on a special train for New Bedford. He will look after the saved and take charge of the bodies of the drowned. A dispatch from Woods' Shoals states that Capt. Wright has become violently insane. The tug Storm King and the revenue cutter Dexter are storm-bound, the former at Woods' Shoals and the latter at New Bedford. A driving snowstorm prevails and the weather is very thick. Debate on the Fitz-John Porter Bill. WASHINGTON, Jan. 19.-The House met to debate the Fitz-John Porter bill. Cutheon, & member of the Minority Committee on Military Affairs, said it was embarressing to stand and hear the opinions of military men so distinguished as the gentlemen from California and New York, Rosecrans and Slocum, and to differ from them in regard to military matters, but the embarrassment disappears when it is remembered that the principal question in the case is not & matter of military strategy, but the sifting of facts. The country had drifted away from the stern realities of the period of war into a period of profound peace, and the further they got away from the period of war the stronger became the sway of sympathy, and the weaker the dictates of reason. It is not for the House, sitting as an august tribunal, to be swayed by the feeling of sympathy. Fatal Boiler Explosion. ROCHESTER, N. Y., Jan. 19.-The boiler connected with the shoe manufactory and tannery of E. Y. and I. E. Wallace, blew up, causing the death of four men and injuring several others. The machinery was run by a 120-horse-power engine with three boilers. Eight or ten persons were wounded, and Patrick Barry, aged 29 years, is missing. It is supposed he was killed when the explosion occurred. The boiler was protected by a brick wall in the rear of the leather house, passing through the base of a ninety-foot chimney, which fell, burying Hoitt in the ruins. All the bodies are badly disfigured. The tannery was partially demolished, and the buildings in the vicinity were badly shaken. A Destructive Explosion. BOSTON, Jan. 19.-An explosion, probably gas, last night in 157 and 159 Hanover street, completely demolished the building, blowing out the front and sending the roof across the street. William Condi of East Boston, and A. H. Blake of Chelsea, passing at the time, were badly hurt. The windows in almost every building on both sides of Hanover street for a distance of two squares were broken. Nobody was killed. The loss is probably $15,000. Bank Assignment. LEADVILLE, Jan. 19.-The City Bank of Leadville made an assignment for the benefit of the creditors. The bank has been in difficulty for the past year. The failure creates little excitement. The loss is confined almost exclusively to the stockholders and directors, who will realize about fifty cents on the dollar. It is alleged that all the other creditors were paid before the close. An Assignment to Creditors.| NEW YORK, Jan. 19.-Wm. H. Guion, of the late firm of Williams & Guion, made an assignment for the benefit of individual creditors. The firm of Williams & Guion yesterday dissolved in consequence of the embarrassment. Wm. H. Guion's liabilities, it is rumored, are $2,000,000. Bound and Gagged. SPRINGFIELD, Mass., Jan. 19.-Three masked men entered the County Treasurer's office, bound and gagged the Treasurer, and robbed the safe of $300 cash and unindorsed checks to the amount of $50,000. The Billard Contest. PARIS, Jan. 19.-The Vignaux-Schaefer billiard contest ended in a victory for the former. The score was: Vignaux, 3,000; Schaefer, 2,868. Vignaux's best run to-
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TELEGRAMS IN BRIEF. PRESCOTT. Ar., Jan. 21.-Highwaymen robbed the Wickenbey stage last night, but the mail bags were not rifled of letters. ANTIOCH, Cala., January 21.-A fire this morning destroyed the American Exchange Hotel. John Griffin, a son of the proprietor, and Thomas Hines, perished in the flames. SPRINGFIELD, Mass., Jan. Three masked men entered the county treasurer's office this evening, bound and gagged the up 008$ Jo ejus the robbed pue cash. GLOUCESTEE, Mass., January 21.-The schooner Kuntzford, has been given up as lost. There were fourteen men on board who will leave seven widows and nineteen orphans. CHICAGO, Jan. 20.-A Times' Ottawa special says A rumor is in circulation that the Canadian Pacific road has asked the Government for additional assistance to the amount jo SAN FRANCISCO, Jan. 18.-The orange crop of California has been "cornered" by a combination of three local firms which has already secured nine-tenths of the total crop. The idea is suggested by a short crop in PORTLAND, Jan. 17.-It is generally understood here that the Northern Pacific stockholders elected Robert Harris President of the Northern Pacific as a recognition of the Villard regime as against the PhiladelFaction. eud LONDON, Jan. 18.-An attache of the French legation, when interviewed, said that France had determined to take Bacninh at all costs. When that object is accomplished she will be ready to accept the mediation of England or the United States. ORENBURG, Russia, Jan. 17.-Lieutenants Harbier and Schulze, with the bodies of Lieutenant Commander DeLong, Dr. Ambler, Jerome Collins, and-others of the Jeannette pedition, passed through here yesterday, en route for the United States. LONDON, Jan. 17.-A leading member of the Chinese legation was interviewed and states that China has not declared war against France, although her memorandum to Premier Ferry declaring that an assault on Sontay, Hunghea or Bacninh will be casus belli and be carried out to the bitter end. BERLIN, Jan. 18.-The coronation day, the one hundred and eighty-third anniversary of the Prussian monarchy, was observed to-day with general rejoicing. The whole city was decorated with flags. Emperor William, with imposing attendance, vested Prince Frederick Leopold with the orders of the Black Eagle. CINCINNATI, Jan. 20.-The Bricklayers' International Union has just closed its session of several days, and will meet next in Jersey City in January, 1885. They voted to urge the passage of the pending bill in Congress to prevent the importation of alien labor. The matter of S hours and 4 days' work was referred to. DENVER, Jan. 18.- The Republican's Leadville special says: The city bank of Leadville made an assignment to-day for the benefit of creditors. The bank has been in difficulty for the past year. The failure creates great excitement. The loss IS confined almost exclusively to stockholders and directors who will get 50 cents on the dollar. BOSTON, Jan. 19.-An explosion (probably gas) occurring last night in 157 and 159 Hanovor street completely destroyed the building blowing out the front and sending the roof across the street. The windows of almost every building on both sides of Hanover street, for a distance of two squares, were broken. Nobody killed. Loss
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LAST WEEK'S FAILURES. Bradstreet's Budget of Trade Embarrassments. There were 310 failures in the United States reported to Bradstreeťs during the past week, 11 less than the preceding week, 21 more than the corresponding week of 1883, and 105 more than the same week of 1882. About 80 per cent. were those of small traders whose capital was less than $5,000. Compared with the previous week the Middle States had 53, a decrease of 17; New England States 44, an increase of 1; Southern States $9, an increase of 2; Western States 97, a decrease of 5; Pacific States and Territories 27, an increase of 8: Canada and the Provinces had 38, a decrease of 4. Among the failures reported were those of William H. Guion, steamship agent, and Bermingham & Co., publishers, New York city; the First National and City Banks of Leadville, and Mayer Brothers & Co., wholesale dry goods, Vicksburg, Miss. In the principal trades they were as follows: General stores 67; grocers 46; shoes 19; liquors 19; dry goods 17; clothing 17; fancy goods 14; produce, provisions, etc., 12; manufacturers 11; hotels and restaurants 10: hardware and agricultural implements 9; furniture 8; millinery 8; drugs 6; grain, flour. and millers 6; books, stationery and printers 5; bakers and confectioners 4; banks 3; hats 3; harness 3; lumber 3; jewelry 3; stock brokers 2; crockery and glassware 2; men's furnishing goods 2; tobacco and cigars 2. ALABAMA. Coaling.-D A. Abster, general store, has assigned. Liabilities, $1,000; assets. $1,200. Greenville.-J. W. & W.T. Wright, general store, have assigned. Heflin -Humphries & Ligon, general store, have failed. Mobile.-Owen Farley, wholesale grocer, has failed and sold out. Soto & Prinio, drugs, are reported to have assigned. Montgomery.- Villiam R. Morrison. grocer, has been attached by creditors. He was burnt out on the 15th inst.; loss, $4,000; insurance. $2,500. Opelika.-Mitchell Bros., general store, have assigned. SOUTH CAROLINA Barnacell.-E T. Moore, general store and turpentine, is reported to have failed. Beaufort.-R P. Barry, shoes, has assigned. Camp Ridge.-F. 8 Sauls & Son. general store and turpentine, offer to compromise at 3354 cents, having been unable to affect an extension. Liabilities $15,000. Georgetown. Joseph Sampson & Son, gen35 cents. offer eral store, Greenville -Odiorne & Co., men's furnishing goods, have assigned. Spartanburg.- & Hutchinson, grocers, have assigned. Liabilities $1,000; assets $700. GEORGIA. Athens.-E. C. Hough, merchant tailor, has assigned, Bainbridge. Nusbaum, general store,has been closed by the Sheriff for $7,667. Cool Spring.-Geo. O. A. Doughty, general store. has failed. Flowery Branch -Thos. Foster.distiller, has been closed by the Sheriff Leesburg.-Cox & Bunkley general store, have assigned. Liabilities about $2,000. Louisville. Farmer Brothers, general store, have failed. Liabilities, $19,000; nominal as sets, $18,000; actual assets, $11,000; preferred claims, $11,000. Madison.-Harris & Burr, general store, have assigned. Mifflin. Ball Brothers, general store, have failed. Liabilities about $2,500; assets $1,000. Milledgevilie.-! F. Skinner & Co., dry goods, have been closed by creditors. Rome.-E. C. Hough, merchant tailor, has assigned. Savannah.- W. Ehlers, grocer, has been closed up by attachment Stone intain.-Cochran & Minor, general store, have failed. Toomsborough.- H. Mever & Co., general store, have failed. Liabilities $12,000; assets $7,000: preferences $3,000. Villa Rica.-S. R. Cochran & general store, have been closed by the Sheriff. That Romney Marsh-Warsaw IslandJob. Editor Morning News; Your laudable effort to expose the outrageous nature of "Route No. 4," engineered through Congress to benefit a private enterprise at the expense of the commercial interests of our city, appears to have aroused the ire of one or two good citizens, who are blinded either by prejudice or interest to the real facts of the case. The efforts of the MORNING NEWS, as I understand it, have been directed not to prevent the cutting of a canal through Romney marsh, but to secure one that will be of some practical benefit to the commerce of Savannah, instead of a positive detriment. Now let us reason together-take up the very few words spoken in favor of Route No. 4. and analyze them. One says it is only a few yards longer than the route known as No. 1, through Habersham's cut. True, the cut through the marsh is only a few yards longer, but when that cut is completed, what do we have-to what extent is our shipping benefited? Answer: We have a route two and five-eighths miles longer than the present one, without any corresponding advantage whatever. We have a route nearly five miles longer that would be the passage through Habersham's cut, and with all these drawbacks, we have a route just as tortuous as the old channel. True, it brings Savannah, New York and Boston two miles nearer to Warsaw Island than they have ever been before, but these cities can afford to forego that important privilege for the sake of a safe and comfortable passage through Romney marsh. The other advocate of No. 4 says that th route chosen "has been passed upon by able engineers of the government. It has! The "able engineers" have condemned it as tortuous and expensive. Let the writer show one word in favor of it. beyond a passage substantially as follows: "It is claimed for Route No. that it will make W arsaw Island available as a summer resort The government is urged to appropriate from $30,000 to $50,000 in order that a little island which cost the owner about $1,000 shall become a mine of wealth, and a resort for the invalids of America. I, for one, have no objection to any appropriation that will enhance the value of Warsaw, but I claim that if it be done by public money it should be merely incidental to the general welfare. Route No. 1 will be of great advantage to the public, and Warsaw can be easily reached by steamers from the south end of it, via Odingsell river The owner of Warsaw is a clever and amiable gentleman, but he has ample means of his own, and if he is really desirous of rendering that island the counterpart of our lost Garden of Eden, he can well afford to expend his private funds for that purpose, and allow
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Delta. Colorado. WEDNESDAY, JANUARY 30, 1884. STATE NEWS. The ice crop to be put up in Denver this winter is estimated at 200,000 tons. Silverton paid over $70,000 last year in freights to and from Red Mountain. Nellie Dean. a Leadville cyprian, micided by taking morphine on the 19th. Addison Baker, a Colorado pioneer, died on the 20th, at his residence, on Grand avenue. Col. L. C. Ellsworth was on the 24th appointed Receiver of the First National Bank, Leadville. Chapman's flouring mill at Canon City burned on the 21st. Loss between $15,000 and $16,000. Insurance $11,000. The Catholics at Gunnison are buildmg a neat addition to the church, which will be used as a residence by Rev. Father Quinn. While the millers report a surplus of 100,000 bushels of wheat in Colorado, the Farmers' Alliance finds a shortage of some 50,000. Cyrus King, colored. was instantly killed at Denver on the 25th, by being thrown from a wagon, the wheels passing over his head. On the 22d, the failure of the First National Bank of Leadville was announced. Its liabilities to depositors were stated at $325. 000. Governor Grant has appointed John M. Freeman, of Weld county, a delegate to the Western Water Way convention at Washington. The Pryor brothers pay 8877.84 taxes in Huerfano county. The Denver & Rio Grande Railroad pays $11,069.11 in the same county. The Arapahoe county commissioners contemplate the purchase of an eighty-acre tract of land down the Platte on which to build a poor house. On the 21st a quarrel at Gunnison over a game of cards ended when old man Kissee was killed and Jack Kellogg war shot in the abdomen. On the 23d Jesse B. Tate. a brakeman slipped and fell under a freight car at Windsor'Station, and his left arm and left leg were terribly crushed. The City bank of Leadville has been summoned to appear in the Supreme court Ton February 11, to show cause why its charter should not be forfeited. P. M. Hinman, of Longmont, died from an over dose of morphine at the St. James hotel, Denver, on the 21st. The deceased had lived in Colorado since the war. Allen L. Johnson,a miner at Alcante, was killed on the 25th, by the explosion of a stick of Hercules powder. which he held in his hand near a fire in order to thaw it. The question of water works is agitating the minds of the people of Telluride, and there is a popular move on foot for establishing such works in the near future. A committee from the Wyoming Territorial Council and House was in Denver on the 19th, for the purpose of buying a portion of the Exposition for Wyoming exhibits. Colonel S. H. Baker, of Montrose, has a party of men at work prospecting the placers on Cutler Creek, near Portland. The result so far has been"very satisfactory. The "conservative" element in the Geeeley Alliance has been overcome, the offers of wheat at $1.25 have been withdrawn, and the asking price has been advanced to $1.50. It was recently discovered that exCounty Treasurer Blair was short in his accounts to the amount of several thousand dollars. His bondsmen will probably adjust the matter. A boulder rolling on the track wrecked Engine No. 49 near Curicanti on the Denver & Rio Grande, killing George Hutchinson, the engineer, and slightly injuring the Areman. Ex-Senator Dorsey filed his answer in the United States courts to the claims of the London creditors. He denies his responsibility for the indebtedness and sets up the plea of bankruptcy. On the evening of the 25th a meeting of bank, was were Leadville, the depositors held in and the funds First National subscribed for pursuing and capturing De Walt, the fleeing president. The residence of Samuel Jacks, at Gardner. was destroyed by fire on the 8th instant. It was said to be the largest adobe building in Huerfano county. The loss is estimated at about $1,500. A Durango hotel clerk endeavored to start a fire in the office with a pint of coal oil, and the consequences were that he caused a fire alarm, fooled five hundred people and burned his face quite badly. A terrible explosion of fire damp occurred at a mine belonging to the Colorrdo Coal and Iron Company at Crested Butte on the 24th, by which fifty-seven men were killed and many more terribly injured. Mrs. Caroline Wharton, an aged
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The Merchants' and Mechannics' Bank of Leadviile, Colorado, Unable to Stand the Pressure of a Determined Run, Closes Its Doors Only One Bank Left-Serious Failures Anticipated. LEADVILLE, COL., Jan. 30. Another financial trouble engrosses the city. At two o'clock this afternoon the Merchants' and Mechanics' Bank, heretofore considered an exceptionally strong institution, closed its doors, being unable to withstand a run made upon it. The run was started last evening just before the bank closed. The officials were wholly taken by surprise, but paid all demands until the close of banking hours. The Directors then held a meeting to decide upon what course to follow. It was pretty positive that the run would be continued in the morning, and the officials well knew that the bank could not stand it. They endeavored to effect a loan of $50,000 from the First National Bank in Denver. The money was placed in the express office in Denver, so it is said, but before the train left the officials changed their minds and had the gold returned to their the vaults. This morning when bank opened for business a heavy run was commenced, which continued until the last dollar was paid out over the counter. The doors were then closed. The depositors, who were then clamoring for their money were informed that as soon as the South Park train arrived from Denver the bank would open again and pay off all claims. As the expected aid from Denver is not forthcoming it is certain that the bank will never open. The bank was officered as follows: President, L. M. Smith: Vice-President, J. Smith; Cashier, S. Ayres. The bank has been in business four years. Its authorized capital stock was $50,000, which was subscribed and paid in when the bank opened its doors. According to the last annual statement, made a month ago, the average deposits vere$250,000. It was said to have a surplus fund of $7,500; undivided profits, $2,000; real estate to the value of $17,000, and paid average dividendsof eighIt is not thought teen per cent. annually. that over $100,000 were drawn out after the run began, and that the unpaid deposits now amount to $150,000. This amount the officials claim the assets of the bank will fully pay. The failure of the Merchants' and Me chanics' Bank will have more of a disastrous effect upon the business of Leadville than that produced by the collapse of the First National Bank eight days ago. With the Merchants' and Mechanics' Bank the largest business institutions carried their deposits. The failure of the First National was not wholly unannounced, and many of the business men having been forewarned withdrew, their deposits and placed them in the Merchants and Mechanics' before the collapse. They supposed they were making a good move, but it proves not to have benefited them much. The commercial agencies predict a wholesale number of business failures in the immediate future an account of the collapse of the Merchants' and Mechanics' Bank. It is not thought the depositors in the bank will lose much money. The loss will fall upon the stockholders, who compose some of the best known business men in the State. There is now only one bank left in Leadville, and its strength will be tested to the limit to-day, as a disastrous run is ex a new pected to be made upon it. It is bank, with great wealth at its back, and it is thought it will withstand the attacks made on it by scared creditors. A great deal of money was placed in its vaults this evening and $50,000 was started from Denver last evening. The history of the banking business in Leadville for the past few years has probably never before been equaled in any city in the country. Only two weeks ago the city had four banks, and all of them Two were considered in good standing. months previous the Bank of Leadville had failed, but this was considered to be only the result of bad management, not that the business of Leadville was in such a de pressed state that any or all of the banks were liable to go under on the slightest squeeze. Two weeks ago the City Bank of It Leadville made an assignment. was found that the affairs of this bank were perfectly straight and that the depositors were paid dollar for dollar. The assignment was made, it is alleged, owing to the fact that the bank was not paying. A weekagocame the announcement that the First National was in a shaky condition, andra run then made cansed that institution to go under. The loss of $20,000 to the depositors, the flight of President Dewault, the reported stealings, etc., are still fresh in the minds of the public. Now comes the collapse of the Merchants' and Mechanics' Bank. This institution, it was said at the time of the other failures, was on an exceptionally good financial basis, and that there need be no fears that it would go under, and it was amply able to meet any run or demands that might be made upon it, and so it was generally considered. The first intimation of a break was on Tuesday afternoon just before the bank's closing hour, when a small horde of creditors made their appearance at the bank and demanded their deposits.
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DOWN WITH THE TIDE. The Merchants' and Mechanics' Bank the of Leadviile, Colorado, Unable to Stand its of a Determined Run, Closes FailDoors-Only Pressure One Bank Left-Serious ures Anticipated. LEADVILLE, COL., Jan. 30. Another financial trouble engrosses the the At two o'clock this afternoon heretoMerchants' city. and Mechanics' Bank, infore considered an exceptionally strong to stitution, closed its doors, being unable withstand a run made upon it. The run the started last evening just before was bank closed. The officials were wholly taken by surprise, but paid all demands Direc- until the close of banking hours. The tors then held a meeting to decide upon what course to follow. It was pretty positive that the run would be continued in that the morning, and the officials well knew the bank could not stand it. They endeavored to effect a loan of $50,000 from the First National Bank in Denver. The money was placed in the express office in Denver, train it is said, but before the left so the officials changed their minds and had the gold returned to their the vaults. This morning when bank opened for business a heavy run was last commenced, which continued until the The dollar was paid out over the counter. doors were then closed. The depositors, who were then clamoring for their money informed that as soon as the South were Park train arrived from Denver the bank would open again and pay off all claims. not As the expected aid from Denver is will forthcoming it is certain that the bank never open. The bank was officered as follows: Presi- J. L. M. Smith; Vice-President, has Smith; dent, Cashier, S. Ayres. The bank authorin business four years. Its was been capital stock was $50,000, which bank subscribed ized and paid in when the the last its doors. According to the opened annual statement, made a month ago, said deposits wer $250,000. It was average have a surplus fund of $7,500; undivided value of to $2,000; real estate to the eighprofits, and paid average dividendsof thought $17,000, cent. annually. It is not after the teen over per $100,000 were drawn out that began, and that the unpaid deposits the run amount to $150,000. This amount will now officials claim the assets of the bank fully pay. The failure of the Merchants' and Mechanics' Bank will have more of a disastrous effect upon the business of Leadville of the than that produced by the collapse With First National Bank eight days ago. the Merchants' and Mechanics' Bank their the business institutions carried National largest deposits. The failure of the First of not wholly unannounced, and many the was business men having been forewarned withdrew, their deposits and placed Methem in the Merchants and They chanics' before the collapse. good supposed they were making benefited a but it proves not to have move, much. The commercial agencies prethem a wholesale number of business fail- of dict in the immediate future an account ures collapse of the Merchants' and Mechanthe Bank. It is not thought the depositors The ics' the bank will lose much money. who loss in will fall upon the stockholders, men in the State. compose some of the best known business There is now only one bank left in Lead- the and its strength will be tested is to exlimit ville, to-day, as a disastrous run new un to be made upon it. It is and a it pected with great wealth at its back, attacks bank, thought it will withstand the is made on it by scared creditors. A great this deal of money was placed in its vaults Denevening and $50,000 was started from ver last evening. The history of the banking business in Leadville for the past few years has probably never before been equaled weeks in any in the country. Only two ago city he city had four banks, and all of them Two considered in good standing. pe were months previous the Bank of Leadville bad but this was considered to be only the to failed, result of bad management, not that de. he of Leadville was in such a business ressed state that any or all of the banks liable to go under on the slightest of were Two weeks ago the City Bank It queeze. Leadville made an assignment. tound that the affairs of this the vas ank were perfectly straight and that dollar. epositors were paid dollar for is alhe assignment was made, it owing to the fact that the bank was ot eged, paying. A week ago came the announcenent that the First National was in a shaky that ondition, and a run then made caused nstitution to go under. The loss of $20,000 the depositors, the flight of President are ewault, the reported stealings, etc., fresh in the minds of the public. Now till omes the collapse of the Merchants' and Techanics' Bank. This institution, it was aid at the time of the other failures, was an exceptionally good financial basis, it nd that there need be no fears that ould go under, and it was amply that might able be to