b08f0255Public signal of financial health, Capital injected, Books examined
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Special to The Oil Review. Niagara Falls, Jan. 16.-There was a run on the bank of Suspension Bridge, one of the solidest financial institutions of the city this morning. Over 100 men assembled at the bank at its opening and despite statement of officials that the bank was all right, persisted in withdrawing their accounts. Power City bank and Bank of Niagara Falls came to
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Run on Bank Caused by False Rumor the rescue of Bank of Suspension Special to The Oil Review. Bridge with a deposit of $200,000. Niagara Falls, Jan. 16.-There Both these banks stand ready to was a run on the bank of Susdouble this amount if necessary. pension Bridge, one of the solidRumor as to bank's insolvency est financial institutions of the was the result of the institution remaining open after hours one city this morning. Over 100 men assembled at the bank at its opday last week to cash pay checks for the Lehigh Valley Railway ening and despite statement of ofemployes, who had received their ficials that the bank was all right, month's wages late in the afterpersisted in withdrawing their accounts. Power City bank and noon. There was a slight run on Bank of Niagara Falls came to the bank Saturday morning.
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Lansburgh & Bro., 420 to 426 Soventh Street, WASHINGTON, D.C. IELEGRAPHIC BREVITIES The failure of Wm S. Barbour was announced on the New York Consolidated Exchange this morning. While entering a saloon at No. 13 Exchange Place, Jersey City, N. J., today, a man believed to be Matthew Kehoe of No. 35 Prospect street, Stapleton, S. 1., fell dead. He is a collector for a brewery at No. 91 West Tenth street, New York. Death was caused by heart disease. The gang of dynamiters who have been terrorizing the country within a radius of 25 miles of Philadelphia, visited Phoenixville, Pa., today. They blew open the safe in the Pennsylvania Railroad office and secured a large sum of money. The exact amount cannot be stated until after an examination of the books. During the absence, this forenoon, of Mrs. Annie Troxell, from her home, 2744 Laton street, Philadelphia, two of her three children, while playing set fire to a lounge in a first floor room. Annie, aged 6, said to her sister, Threasa, aged 4, "go up stairs and take care of the baby while I run for mamma." Theresa obeyed and heroically remained with George, the 17 months old infant, (until both were killed by smoke before Annie returned with Mrs. Troxell. The house was badly damaged by fire. There was a run on the Bank of Sus pension Bridge, one of the most solid financial institutions of Niagara Falls, N. Y., this morning. The Power City Bank and the Bank of Niagara came to the rescue of the Bank of Suspension Bridge, with a deposit of $200,000. Both banks stand ready with double this amount if necessary. The rumor as to the bank's insolvency was the result of the institution remaining open after hours to cash the pay checks of the Lehigh Valley Railroad employes. John W. Brandt. foreman of the Vedersburg, Ind., News, was shot and killed there yesterday by Charles Eckburg, financial secretary of the local lodge of Odd Fellows. Immediately following the murder of Brandt, Eckburg turned the revolver on himself and sent a bullet into his brain. The bodies of the two men were found in the barber shop where Eckburg worked late yesterday afternoon. On Eckburg's body was found three letters. One was addressed to the public and was dated Janu ry 1st. In it Eckburg declared his inlention of killing himself because of his financial troubles.
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RUN ON NIAGARA FALLS BANK. Depositors Reassured as to Solvency of Institution. Niagara Falls, N. Y., Jan. 16.-Rumors as to the insolvency of the Bank of Suspension Bridge resulted in a run on that bank to-day, a couple of hundred depositors being on hand at the opening of the institution to withdraw their money. The officers of the bank state that they are in a position to pay every depositor the full amount of his account. The Power City Bank deposited $200,000 with the Bank of Suspension Bridge in the morning, which had a quieting effect on the excited depositors. It is said the origin of the rumor in reference to the bank's insolvency was the result of the institution remaining open after banking hours on Friday to cash the checks of the Lehigh Valley Railroad employes who had received their month's pay late that afternoon. E. Cary, attorney of the bank, made a statement to the assembled depositors to the effect that President H. C. Howard, of the Bank of Niagara, with Louis Silberberg and himself as a committee, had made an examination of the bank's books and papers and had found that they were in a position to meet every demand made upon them. Announcement was made shortly after noon that the deposits had exceeded the withdrawals. The statement of Mr. Cary, and the large amount of money turned over to the bank by the Power City Bank and assurances of help from other banks, had a reassuring effect, and the run is apparently over.