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BANK'S FAILURE. A GREAT of of the CONFIDING AND DONE FOR. Minte The Suspension The of $400.000 Accounts the Bank Overdrawn to $1,000,000 Fall. to the at of New Extent York the of from LOSS will be Likely New to York, Marday The Where Bank street. of the closed State its doors thrown at out 11:30 depos. by yes the of 13 William morning, having It had been received several checks. The had Clearing Its. and was House. paid established $2,000,000. a number in In $3,980,000 its 1836. exhibit. and in loans. on bank capital of reported legal tenders : cirNaturasy . last. It $1,095.00 in $2,855,000. Its debt $325.000 in specte. deposits, paid yes- the terday culation. $250,000 the Clearing House of the bank is by y of $104,000 morning. at Investigation The closing that was last. made The outgro Examiner of an Meiga was on Thursday made known as to late the Bank result of his researches Saturday but even Patrick, the Clearing House at noon on Mr. the Righard sickness of the for yesterday who, in the business as ce-President. had charge of the intelli gence of is nor believed President, than has a year. said entirely that new to him. the note It anything. more the difficulties that neither was the depositors and that the loss will disclosed holders will upon lose the stockholders. investigation fall solely Bank Examiner's dealers and others, one of irrezular The loans the to acceptances produce of Duncan, was to und Sherman by & $450,000 and $70,000. among pearing the overdafts name is one for Company. gothe Co. United Among States the by Attrition $600,000 Flour stock House of the com' Comcured nominally some of the Clearing four cents per pany. which is worth about The same concern time for old overdrafts mittee think paper. has a pound made these of $425,000, secured the loan is Another that from the bank worth about ove half rdraft by mail, of which the loan. produce exchange with amount house in dealing the principally ViceKentucky, commission was by a and business. was bank for $23,000. $250.000. the partly The officers secured for President owed the check of one whereas of it should by real estate. A in the cash. It was ascersome $20.000 been was charged found to bis to account. a considerable amount of the bear tained have that made advances on grain in still transit, remaining assets in the bank had been for which old. In the had found $240,000 Examiner bills of lading dates two years in paper that Co. was for been the protested. States Attrition patent Mill process is attrition. Broad The United the in Production of Its a President street, of formed making flour of Smith by & Girvan. 76 makes sells the ma- paMr. Girvan. dealers. The company the process. and Its capital says malt chinery necessary for States in and which counties. the Secretary is stock tent million rights is $2,000.00 has been of subscribed Attrition Mill $100.000 Company capi of one The New York City Delancer but has street in Smith opera- & an tel. older co It has President mill in street. is Mr. malt Smith, dealers. of the State Mr. tion. Vice- Girvan. New President Its York, 76 Broad owns said Patrick Secretary shares of the He of Bank Egins Attrition : got yesterday. it second how- Mills stock. of not ket But," it from books us. in his name. Mill Comhand. in of our the U.S. Attrition we pay for it, and wareever. The stock worth 85: that's stock brings what 112 Duer easy. are pany the City is "Attrition Richard Patrick street. Mr. bank. & Richard and Mr. Patrick Duer yeshousemen Measrs. at at 42 New President of the was asserted receipts on is a son to the Vice that of the many were of the made warehouse emanated from this terday which advances bank Presidents Bank yesterday Examiner establishment. At a meeting was of reported that report to the and Comp- that afternoon Melas had the Currency transmitted be in washington given receiver. to the public. and in the troller The report Comptroll of cannot the will yet bank appoint will be a in the the hands bank's of the its mean fficers. time of the Investigation that its failure thought of will that not The result tends to snow and it 18 by other finan- year and its account affect any other will not banks. be followed was one even although the clal failure The bank were then at 10 time a there were of Bank York condition. ago, debts. the First National of New be by paid are to this bank home bad Geneva Drafts on drawn the Bank by the First of the National State Bank of New to sustained and York. The near relations various that branches of breads trade. utts. fell The merchants in the dealers in made cotton. 118 failure exhibited lard. nearly especially provisions to and groceries, Produce Exchange and brough: trade to promptly. decline in wheat of Western and produce same direction at this was in other staples effect in at Chicago than wanted hold for market. but shipplower hippers price even standstill. more Wheat decided here was concluded much to On very the export. looking for the failure in was high a spirits, off. Botton The bull party from was Liverpool the news wet blanket. to stronger at accounts the ports. but market.,And and smaller owing receipts a buoyant was to a soon declining lost. The as was grocery ex. dechanged the early advance much depressed had already steadiness trade was but nots sugars and afford team a basis fact, of no o leading from clined pected. n 30 much tural spring as to expose wheat. trade. at In this whichis time in ex- not staple in the -ia! is seriously disorder. while except the foreign under demand a is heavy aid finan cessive supply. to support prices that he active pressure nough of Tnurber sellers. said yesterday was York. a depos Mr. Mr. P. B. of ny Trige State grocer of New principally not itor in the know Phelps Bank said of that the the and bank added. brokers was President, had hence nesuppor Royal ed The directors, the he un moleated. Viceelected failure. their raised duties. the and devil that the $400,000 its cap. surPatrick It is generally had ban believed and about lost, one-b but of of course Bank Ex- no plus of of $2,000,000 the have be teen made until th the public. The aminet to believed close ital extinate figures can are be given about to $1,000,000 short.
