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Two Banks Suspend. A dispatch from Oswego, N. Y., last night says: The Farmers' Exchange Bank at Cleveland, N. Y., and the Parish Exchange Bank at Parish, Oswego county, both operated by Potter & Marsden, have suspended business. The Farmers' Bank was established in 1882, and capitalized at $10,000. According to a recent statement It owed depositors $31,000. The Parish Bank was established in 1892. It is not believed that 1t did a large business.
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Two Banks Close Doors. OSWEGO, N. Y., March 3. - The Farmers' Exchange bank at Cleveland, N. Y., and the Parish Exchange bank at Parish, Oswego county, both operated by Potter & Marsden, have suspended business. The Farmers' Exchange bank was established in 1882 and capitalized at $10,000. According to a recent statement, it owed depositors $31,000. The Parish bank was established in 1892. The failure of the banks was more serious than was at first supposed. Besides several thonsand Collars reported missing it is charged that Niles, the cashier of the Parish bank, who is said to have disappeared, cashed many checks in Syracuse.
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TWO NEW YORK BANKS FORCED TO CLOSE DOORS Oswego, N. Y., March 3.-The Farmers' Exchange bank at Cleveland, N. Y., and the Parish Exchange bank at Parish, Oswego county. both operated by Potter & Marsden, have suspended business.
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SMALL BANKS FAIL. Defalcation Causes Collapse of Cleveland, N. Y., Institution. OSWEGO, N. Y., March 2.-The Farmers' Exchange Bank at Cleveland, N. Y., and the Parish Exchange Bank at Parish, Oswego county, both operated by Potter & Marsden, have suspended business. The Farmers' Bank was capitalized at $10,000. According to a recent statement is owed depositors $31,000. It is reported here that the embarrassment of the two banks was caused by a defalcation. The man responsible is said to have fled. The liabilities of the Parish bank are estimated at $25,000, and its assets at $5,000. Besides several thousand dollars reported missing, it is charged that Niles, the cashier of the Parish Bank, who is said to have disappeared, cashed many checks in Syracuse. The Cleveland Bank had $30,000 on deposit and the Parish Bank $11,000. The latter had lent $8,000. Many farmers are losers and $3,300 town money was on deposit in the Parish Bank.
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Two Banks Close Doors. OSWEGO, N. Y., March 3. - The Farmers' Exchange bank at Cleveland, N. Y., and the Parish Exchange bank at Parish, Oswego county, both operated by Potter & Marsden. have suspended business. The Farmers' Exchange bank was established in 1882 and capitalized at $10,000. According to a recent statement, it owed depositors $31,000. The Parish bank was established in 1892. The failure of the banks was more serious than was at first supposed. Besides several thousand dollars reported missing it is charged that Niles, the cashier of the Parish bank. who is said to have disappeared, cashed many checks in Syracuse.
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Two Banks Suspend. Oswego, N. Y., March 3.-The Farmers' Exchange bank, at Cleveland, N. Y., and the Parish Exchange bank, at Parish, Oswego county, both operated by Potter & Marsden, have suspended business. The Farmers' bank was established in 1882, and capitalized at $10,000. According to a recent statement it owed depositors $31,000. The Parish bank was established in 1892. It is not believed that it did a large business.
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Two Banks Suspend Business. Oswego, N. Y., March 3.-The Farmers' Exchange bank at Cleveland, N. Y., and the Parish Exchange bank at Parish, Oswego county, both operated by Potter & Marsden, have suspended business. Many farmers are losers.
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Two Banks Suspend. Oswego, N. Y., March 3-The Farmers' Exchange bank, at Cleveland, N. Y., and the Parish Exchange bank, at Parish, Oswego county, both operated by Potter & Marsden, have suspended business. The Farmers' bank was established in 1882, and capitalized at $10,000. According to a recent statement it owed depositors $31,000. The Parish bank was established in 1892. It is not believed-that it did a large business.
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DOMESTIC. An endowment and equipment of $50,000,000 is the aim of University of Chicago authorities, making it the richest educational institution in the world. As the result of a family quarrel in East Cedar Falls, Ia., Bartlett Stone was shot and killed by his son-in-law, Charles Burns. Young Corbett stopped Dave Sullivan in the eleventh round at San Francisco, the defeated fighter being badly punished. The government's total receipts for February were $45,895,406 and the expenditures $42,654,772, leaving a surplus of $3,240,634. Troops will not be sent to Panama and the marines will be left to guard the isthmus according to the decision of the president and the cabinet. The postmaster at Junction, Ark., resigned his office because of a deadly feud and prepared to flee from the state with his family. The public debt statement issued on the 1st shows that the debt increased $2,972,091 during the month of February. Cash in the treasury, $373,068,505. Total debt, less cash in treasury, $918,034,634. The weather bureau report for February shows an unpromising condition of much of the winter wheat crop. The United States mints turned out 13,928,510 pieces in February; gold, $35,602,500; silver, $1,475,000; minor coins, $22,350. The total circulation of bank notes at the close of business February 29 was $430,324,310, an increase for the year of $47,525,465. The Detroit, (Mich.), common council rejected Andrew Carnegie's offer of $750,000 for public library buildings. Joseph Soultz, editor of the Menominee Leader, was found dead in bed at his home in Marinette, Wis. Heart disease was the cause. Fire destroyed the large plant of the Waterloo (Ia.) Wagon and Omnibus company and several adjoining buildings. Five young men died at Stillwell, I. T., from drinking lemon extract in large quantities as a stimulant. Because of the objection to the negro postmaster at Humphreys, Ark., the office was blown up by dynamite. Charters of 1,000 corporations doing business in Illinois have been canceled by the secretary of state for failure to make annual statements. The United States army transport Sherman sailed from San Francisco for the Philippines, carrying the Twelfth infantry. The Le Sueur (Minn.) county bank, a private institution, closed its doors, with liabilities of $95,000. A large part of Rock Mount, N. C., was swept away by fire. The Farmers' exchange bank at Cleveland, N. Y., and the Parish (N. Y.) Exchange bank, both operated by Potter & Marsden, have suspended business. A Wisconsin legislature committee on capitol is planning for a $2,000,000 capitol building to replace the burned structure. A fierce blizzard with the mercury below zero raged in portions of Wisconsin. Michigan and Minnesota.
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DOMESTIC. An endowment and equipment of $50,000,000 is the aim of University of Chicago authorities, making it the richest educational institution in the world. As the result of a family quarrel in East Cedar Falls, Ia., Bartlett Stone was shot and killed by his son-in-law, Charles Burns. Young Corbett stopped Dave Sullivan in the eleventh round at San Francisco, the defeated fighter being badly punished. The government's total receipts for February were $45,895,406 and the expenditures $42,654,772, leaving a surplus of $3,240,634. Troops will not be sent to Panama and the marines will be left to guard the isthmus according to the decision of the president and the cabinet. The postmaster at Junction, Ark., resigned his office because of a deadly feud and prepared to flee from the state with his family. The public debt statement issued on the 1st shows that the debt increased $2,972,091 during the month of February. Cash in the treasury, $373,068,505. Total debt, less cash in treasury, $918,034,634. The weather bureau report for February shows an unpromising condition of much of the winter wheat crop. The United States mints turned out 13,928,510 pieces in February; gold, $35,602,500; silver, $1,475,000; minor coins, $22,350. The total circulation of bank notes at the close of business February 29 was $430,324,310, an increase for the year of $47,525,465. The Detroit, (Mich.), common council rejected Andrew Carnegie's offer of $750,000 for public library buildings. Joseph Soultz, editor of the Menominee Leader, was found dead in bed at his home in Marinette, Wis. Heart disease was the cause. Fire destroyed the large plant of the Waterloo (Ia.) Wagon and Omnibus company and several adjoining buildings. Five young men died at Stillwell, I. T., from drinking lemon extract in large quantities as a stimulant. Because of the objection to the negro postmaster at Humphreys, Ark., the office was blown up by dynamite. Charters of 1,000 corporations doing business in Illinois have been canceled by the secretary of state for failure to make annual statements. The United States army transport Sherman sailed from San Francisco for the Philippines, carrying the Twelfth infantry. The Le Sueur (Minn.) county bank, a private institution, closed its doors, with liabilities of $95,000. A large part of Rock Mount, N. C., was swept away by fire. The Farmers' exchange bank at Cleveland, N. Y., and the Parish (N. Y.) Exchange bank, both operated by Potter & Marsden, have suspended business. A Wisconsin legislature committee on capitol is planning for a $2,000,000 capitol building to replace the burned structure. A. flerce blizzard with the inercury below zero raged in portions of Wisconsin, Michigan and Minnesota