87f66e17Accommodated withdrawals, Public signal of financial health
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Newark Hit Too. NEWARK, July 29, 1893.-There - is a slight run today on the Howard Savings Institution of this city. A long couble lino of depositors have been passing iu front of the paying teller's window all the morning. The officers of the bank say that they have pleuty of money oa hand to pav all demands, The Howard IS the strongest savings bank in in the city.
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New Jersey Banks. TRENTON, N. J., July 29.-A run commenced this morning on the Trenton Savings Bank, and by noon about $30,000 was paid out. This bankisone of the strongest in the State, having a clean surplus of $268,000. NEWARK, N. J., July 29.-There was a run to-day on the Howard Savings Institution. of this city. A long double line of depositors passed in front of the paying teller's window all morning. The bank officials say they have plenty of money on hand to pay all demands. The Howard is the strongest savings bank in the city.
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Runs on New Jersey Banks. NEWARK, N. J., July 29.-There is a run on the Howard Savings institution of this city. The officers say they have plenty of money on hand to pay all demande. The Howard is the strongest savings bank in the city. TRENTON, N. J., July 29.-A run began on the Ironton Savings bank this morning. The bank is one of the strongest in the state and no danger is looked for as the result of the run. Withdrawing depositors are paid in silver dollars.
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Run on a Savings Bank. NEWARK, N. J., July 29.-There is a run on the Howard Savings institution in this city. Officers say they have plenty of money on hand to pay all demands. Howards' is the strongest savings bank in the city.
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IT WAS BLUE MONDAY. Long List of Banks That Couldn't Keep Up. THE DALLES, Ore., July 31.-The First National bank failed this morning, due to the closing of the Commercial National bank of Portland. AKRON, July 31.-The Akron Savings bank went into the hands of a receiver this morning. Capital. $200,000; reserve, $50,000; surplus. $18,000. Will pay in full. PENDLETON, Ore., July 31. The Pendleton Savings bank has temporarily suspended. Assets, $250,000; liabilities, $135,000. SPRINGFIELD, Mo., July 31. - The Springfield Savings bank failed this morning. Deposits, $100,000; capital, $25,000. It will pay in full. The other banks are not affected. No further trouble is expected. ASHLAND. Wis.. July 31. - The First National bank failed this morning owing to a steady drain on deposits. Its re. sources of July 5 were $396,489. A run on other banks is III progress. PORTLAND, Ore., July 31. The First Na. tional bank of East Portland, Ore., has , failed. The officers say the suspension is temporary. Resources July 12 were $325,000; deposits. $160,000. ) EUGENE. Ore., July 31.-The Commercial bank of Cottage Grove has decided to go into liquidation. All depositors will be 1 paid in a few days and the bank will go out of business. A ASTORIA. Ore July 31. -The private I bank of J. W. Case closed this morning on account of a constant withdrawal of $ deposits. A notice on the door states I that the depositors will be paid in full. $ WHATCOM. Wash., July 31. The Belt lingham National bank did not open this : morning. The temporary suspension was I caused by a constant withdrawal of deI posits for the past 90 days. The assets , are $270,000: liabilities, $160,000. , CEDAR RAPIDS, la., July 31. -A. Daniels & Co., private bankers at Marion, made I an assignment. The property is valued I at $200,000. It is believed all depositors I will be paid in full and the bank will be I opened in a few days. No statement of e assets or liabilities has been made. NEWARK. N.J., July 31. -The run on the I Howard Savings institution continued tot I day. The crowd in front of the building I was so large that the aid of the police was necessary to keep the anxious people in order. I
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EASTERN BANK TROUBLES. Runs on Financial Institutions-Several Suspensions, NEWARK, N. J., July 31.-The run on the Howard Savings Institution continued today. The crowd in front of the building was so large that the aid of the police was necessary to keep the anxious people in order. HORNELLSVILLE, N. Y,, July 31.-N. M. Craveland, a private banker, failed this morning. The assets are said to exceed the liabilities. AKRON, O., July 31.-The Akron Savings bank went into the hands of a receiver this morning. Capital, $200,000; reserve, $50,000; surplus, $18,000. It will pay in full. ASHLAND, Wis., July 31.-The First National bank failed this morning, owing to a steady drain on the deposits. The resources July 15th were $396,489. Heavy runs on other banks resulted. CEDAR RAPIDS, Ia., July 31.-A. Daniels & Co., private bankers at Marion, made an assignment of property valued $200,000. It is believed all will be paid in full, and that the bank will be open in a few days. No statement of assets and liabilities. SPRINGFIELD, Mo., July 31.-The Springfield Savings bank failed this morning. Deposits, $100,000; capital, $25,000. It will pay in full. Other banks are not affected. No further trouble is expected.
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коску Mountain Oil Co., is no more, and the big petroleum monopoly has the field to itself once more. FIFTEEN of the striking plate glass workers at Irwin, Pa., were arrested on charges of conspiracy. DUN's review says soundness and strength is disclosed in the business world, notwithstanding the financial disturbances. MANY Pennsylvania iron and steel workers threaten to withdraw from the Amalgamated association. STRIKING miners rioted in Gran, Hungary, until dispersed by the police. Many were wounded. Ten were arrested. AT a meeting of the directors of the Tremont and Suffolk mills, at Lowell, Mass., it was voted to operate these mills on half time. UNITED STATES MARSHAL NIX has in his possession about fifty head of cattle which he confiscated from the gang of horse and cattle thieves who were captured in the Cherokee strip. THE Irving-Terry theatrical company has sailed on the steamship Numidian from Liverpool for Montreal. The company will open in San Francisco on September 4. A RADICAL reorganization of the coast survey is contemplated by Secretary Carlisle. Some of the changes may require congressional action. The work of reform will begin by chopping off heads. THE Utes will soon be compelled to vacate their reservation in Colorado and will be sent to Utah. THREE clerks signed their names to notes upon which $54,000 was obtained from the Elmira, N. Y., national bank. THE gates of the world's fair were opened last Sunday. SEVENTY-THREE New England and New York banks have been swindled by forged duplicate grain receipts. PAYING TELLER ABRAM FARDON, of the First national bank of Paterson, N. J., has been arrested for stealing $10,650. THERE was a run on the Howard savings institution at Newark, N. J. The bank weathered the storm. THE Union indurated fiber works, Buffalo, N. Y., have been destroyed by fire. THE Denver chamber of commerce and board of trade have sent a silver memorial to congress. ONE person was killed and three others were seriously injured in an accident on a bridge in Chicago. DR. LEE LING, a Chinese physician, of Chicago, and Miss Lizzie Fairman, an American girl, of the same city, were recently married at Peoria, Ill. SECRETARY HOKE SMITH was hanged in effigy at Rome, O., because of the suspension of a pensioner. SANFORD & SONS' carpet mills at Amsterdam, N. Y., have been shut down. No protracted stoppage of any of the Carnegie Steel Co.'s big plants have been ordered and none are probable. THE navy department has awarded contracts for supplying about a million pounds of steel gun forging to the Midvale and Bethlehem companies, of Pennsylvania. THE Independente Belge says that in view of the disastrous effects of the recent drought the Belgian government is making preparations on a large scale in experiments for producing rainfall by artificial means. THE American express train No. 31, on the Michigan Central railway, was wrecked at Springfield, Ont. Seven coaches and the locomotive were derailed. Four of the coachos were badly wrecked. No lives were lost. The engineer was badly scalded. EXHIBITORS have presented their grievances to the management of the world's fair. THE McNeil & Urban Safe & Lock Co., one of the oldest safe firms in the country, have assigned to Howard Douglass, of Cincinnati. The assets are $160,000; liabilities unknown. The firm has been unfortunate in several large contracts. ONE of the most daring robberies ever attempted in Chicago was committed at the residence of Mrs. R. Ammon in broad daylight. The thieves, after binding and gagging Mrs. Ammon, succeeded in robbing her of diamonds and a gold watch, the whole value being $2,000, and made good their escape.
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THE LATEST. SIAM accepted the ultimatum 0* France and the blockade of her ports was raised. A RADICAL reorganization of the coast survey is contemplated by Secretary Carlisle. Some of the changes may require congressional action. The work of reform will begin by chopping off heads. THERE was an unsuccessful revolutionary uprising in the province of San Luis, Argentine. SENATOR PUGH, of Alabama. does not favor the repeal of the Sherman law. THE Utes will soon be compelled to vacate their reservation in Coloradoand will be sent to Utah. THREE clerks signed their names to notes upon which $54,000 was obtained from the Elmira, N. Y., national bank. THE gates of the world's fair were opened last Sunday. SEVENTY-THREE New England and New York banks have been swindled by forged duplicate grain receipts. PAYING TELLER ABRAM FARDON, of the First national bank of Paterson N. J., has been arrested for stealing $10,650. THERE was a run on the Howard savings institution at Newark, N. J. The bank weathered the storm. THE Union indurated fiber works, Buffalo, N. Y., have been destroyed by fire. EMPEROR WILLIAM, of Germany, reached England on the 29th. He was enthusiastically received. THE Denver chamber of commerce and board of trade have sent a silver memorial to congress. ONE person was killed and three others were seriously injured in an accident on a bridge in Chicago. DR. LEE LING, a Chinese physician, of Chicago, and Miss Lizzie Fairman, an American girl, of the same city, were recently married at Peoria, Ill. SECRETARY HOKE SMITH was hanged in effigy at Rome, O., because of the suspension of a pensioner. SANFORD & SONS' carpet mills at Am. sterdam, N. Y., have been shut down. No protracted stoppage of any of the Carnegie Steel Co.'s big plants have been ordered and none are probable. SENATOR MCNAUGHTON, of New York, chief in charge of the New York state exhibit at the world's fair, die recently. A ST. PETERSBURG correspondent says that Russia intends to add 50 per cent. to the present maximum tariff on German importations. This will be Russia's reply to Germany's increase of 50 per cent. on her tariffs on Russian imports.
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THE EAST. FIFTEEN of the striking plate glass workers at Irwin. Pa., were arrested on charges of conspiracy. MANY Pennsylvania iron and steel workers threaten to withdrrw from the Amalgamated association. Two persons were killed and several seriously injured by a fire at Pittsburgh, Pa., caused by an explosion of polish which a peddler was using on a stove. AT a meeting of the directors of the Tremont and Suffolk mills. at Lowell, Mass., it was voted to operate these mills on half time. THREE clerks signed their names to notes upon which $54,000 was obtained from the Elmira. N. Y., national bank. SEVENTY-THREE New England and New York banks have been swindled by forged duplicate grain receipts. PAYING TELLER ABRAM FARDON, of the First national bank of Paterson, N. J., has been arrested for stealing $10,650. THERE was a run on the Howard savmgs institution at Newark, N. J. The bank weathered the storm. THE Union indurated fiber works. Buffalo, N. Y., have been destroyed by fire. SANFORD & SONS' carpet mills at Amsterdam, N. Y., have been shut down. No protracted stoppage of any of the Carnegie Steel Co.'s big plants have been ordered and none are probable. NEW YORK has declared a five days' quarantine against vessels from South America to guard against yellow fever. SENATOR MCNAUGHTON, of New York, chief in charge of the New York state exhibit at the world's fair, died recently. IT has been discovered that Charles F. Morrill, the bank cashier, who absconded from Manchester, N. H., was over $100,000 short in his accounts. THE Waltham. Mass., Watch Co. has resumed at a reduction of 15 per cent. in wages. THE Philadelphia Packing & Provision Co. is insolvent. FINANCES were firmer in New York and the demands on savings banks much quieter. It was said that $4,400.000 gold had been withdrawn from the Bank of England for shipment to this country. THE Edison Phonograph Co., of Drange, N. J., has discharged 300 men. It is asserted that the reduction in the force is for the purpose of taking stock. A MEETING of the eastern agents of the Western Passenger association was held in New York to attempt to regnlate the scheduling of immigrants over the various routes.
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Silver in Demand. Silver is excellent currency for banks to have on hand, with which to pay panie-stricken depositors, A run on the Howard Savings institution of Newark, New Jersey, was checked by the display of a great stack of gold, silver and bills on the counter. One man, who insisted on withdrawing his deposit of $2,300, was compelled to receive it in silver dollars. He tugged his bag across the street and laid it down on the steps of the Dime Savings bank with a tired air; but that institution refused to receive it, and he had to carry it home. A woman who drew out $400 wheeled it off in her child's carriage with a two-year-old babe sitting upon it. If the banks had had the forethought to lay in a stock of silver some time ago, much of the silver in the treasury vaults might have been brought into circulation.-Windsor Journal.