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BUSINESS FAILURES. WATERTOWN, N. Y., February 18.-The Merchants' Bank has closed its doors. NEW YORK, February 18.-The suspension of McFarlane & Co., lard refiners, is temporary. Mr. McFarlane says he will pay dollar for dollar and have $100,000 left to continue business.
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Bank Crippled by Deals in Chicago. WATERTOWN, N. Y. Feb. 18.-The directors of the Merchants bank, this city, decided to go into voluntary liquidation. Since the failure of Kenyon & Co., Chicago, public confidence in the bank has been weakening, H. A. Kenyon being & director and depositor began withdrawing funds. Capital stock, $210,000; with deposits of about $700,000. Last week the assets were $1,100,000, but since the Kenyou failure there has been a large shrinkage. Kenyon is said to have drawn $50,000 and sent to Chicago. It is stated A. W. Eddy, another director, who assigned to-day, drew a much larger amount. Among the deposits is $100,000 of Jefferson county funds, and $25,000 of city and school funds. The officials of the bank state depositors will be paid in full. No statement from the bank has been made public yet.
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TWELVE PAGES. THE NEWS THIS MORNING. FOREIGN.-The London cable dispatch to THE TRIBUNE says that Lord Salisbury devised the scheme to investigate the working of the Irish Land The Conservatives admit that they were Act. utterly mistaken in supposing that the Government may be defeated on the cloture clause. The Metropolitan of Moscow has criticised the conduct of the Czar in remaining in seclusion. The Berlin papers are indignant at General Skobeleff's recent anti-German speech to the Servian = The English steamer Tiber has students. Precautions foundered off Puerto Plata. against Irish plots were taken in London lately when the Queen held a reception at Buckingham Palace. CONGRESS.-The Senate was not in session yesThe House passed the Immediate Deterday. ficiency bill, which appropriates $1,822,983, by a vote of 155 to 26. DOMESTIC.-The loss by the Haverhill (Mass.) fire was over $2,000,000; over 300 firms were burned out; three lives were lost. = Fires are reported from Chelsea, Mass., Pittsfield, Mass, and Milwaukee, Wis. Alexander Bancus, of Saratoga, has been nominated by the Democrats to succeed the late Senator Wagper. There was ice yachting on the Hudson yesterday = An anti-polygamy smeeting is to be held at Troy. The Merchants' Bank, Watertown, N. Y., has susThe resolution to censure Senator pended. Mahone has been indefinitely postponed in the VirThe widow of Bishop D.S. ginia Legislature. John H. Doggett died at Richmond, Va. Chamberlayne, of The Richmond, Va., State, is dead. CITY AND SUBURBAN.- reception was given by the Lotos Club last night to Sir Henry Parkes. = A suit was begun yesterday to restrain the increase of the capital stock of the New-Jersey Central Railway. The County Democracy denounced the action of Tammany at Albany. A fire caused The Russian a loss of $60,000 in Hague-st. Vice-Consul, Edward Stern, was caned by his fatherGold value of the legal-tender silver in-law. Stocks were dollar (41212 grains), 87.32 cents. generally dull, but feverish and irregular, and closed unsettled. THE WEATHER.-TRIBUNE local observations indicate clear or fair and milder weather, followed by increasing cloudiness and chances of light snow or rain late in the day. Temperature yesterday: Highest, 23° lowest. 14°; average, 1778°.
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Bank Crippled by Deals in Chicago. WATERTOWN, N. Y. Feb. 18.-The directors of the Merchants bank, this city, decided to go into voluntary liquidation. Since the failure of Kenyon & Co., Chicago, public confidence in the bank has been weakening, H. A. Kenyon being a director and depositor began withdrawing funds. Capital stock, $210,000; with deposits of about $700,000. Last week the assets were $1,100,000, but since the Kenyon failure there has been a large shrinkage. Kenyon is said to have drawn $50,000 and sent to Chicago. It is stated A. W. Eddy, another director, who assigned to day, drew a much larger amount. Among the deposits is $100,000 of Jefferson county funds, and $25,000 of city and school funds. The officials of the bank state depositors will be paid in full. No statement from the bank has been made public yet.
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Ruined by Speculation. The recent failure of the firm of H. O. Kenyon & Co., of Chicago, caused the suspension of the Merchants' bank of Watertown, N. Y.. in which Mr. Kenyon was a director. Its capital is $210,000 and its deposits $100,000, including city and county funds.
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Ruined by Speculation. The recent failure of the firm of H. O. Kenyon & Co., of Chicago, caused the suspension of the Merchants' bank of Watertown, N. Y., in which Mr. Kenyon was a director. Its capital is $210,000 and its deposits $100,000, including city and county funds.
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mountain, in the Allegheny range on the Tennessee border of Mitchell county, commenced shaking again yesterday, causing a great panic among the inhabitants of that section. A large part of the peak has sunk into the ground. Orlando H. Pottar, owner of the destroyed World building in New York, was summoned before the coroner on Thursday and gave bail to await the action of the grand jury. In the house on Thursday the bill to reduce the salaries of members of the cabinet was reported adversely. John Lanahan of Rock Rapids, Ia., was shot by his own daughter at the instigation of her mother. The motive assigned was that he refused consent to her marriage with one Birch who furnished the pistol with which the deed was done; and that he did not provide well for the family. The large fireworks factory of Prof. Jackson of Chester, Pa., was destroyed by an explosion on Friday, and 15 persons were killed outright, 50 received fatal injuries and multitudes were wounded in a less serious degree. The factory was the old homestead of Admiral Porter. A fire commenced in an outbuilding, and while the firemen were playing on the flames the explosion took place, hurling frag. ments in every direction, killing and wounding many of the gathered crowd, especially of the firemen. The citizens are stupefied with horror and there is mourning in every house. Hon. A. G. Thurman of Ohio, Judge Thos. M. Cooley, of Michigan, and Hon. E. B. Wash. burne of Illinois, the commissioners chosen by the recent convention of railroad managers to adjust the trunk line difficulties, and from whose decision there is no appeal, are now in New York learning the views of various commercial bodies, some of whom will hereafter submit testimony and arguments. George M. West of Sweet Home, Lavoca county, Texas, has just purchased 28,000 head of cattle and 140,000 acres of land from De Hunt, paying therefor $600,000. Ex-Lieut. Gov. Sam Purdy of San Francisco, has just died, aged 64. The supposed cause of the death is heart disease. Heavy fires are reported in several cities: Chelsea, Mass., $251,000 loss; Berlin Mass. Perkins' shoe manufactory, $45,000; New York manufacturing concerns on Hague street $50000. The water in Ohie river is very high, cellars on Front street are inundated. The Cincinnati chamber of commerce favors building a ship canal between Chesapeake and Delaware bays. Senators and representatives from New Jersey unite in a letter to the President requesting him to review the findings of the court in the Fitz John Porter case and asking that the latter be restored to the army. The Democratic convention at Schenectady, N. Y., nominated Alex. Baucus of Saratoga,for senator in place of Mr. Wagner. The Haverhill, Mass., fire burned over several acres; 2,000 families are out of employment and several homeless. The loss isestimated at #2,500,000. The Boston Journal says: The most dreadful feature of the calamity is the loss of life and awful uncertainty caused to many anxious hearts. It is feared that the bodies of a score or more prominent business men are buried in the ruihs. The city marshal states that three men are missing and the spread of the flames was 80 rapid they were unable to escape. Merchants' bank of Watertown, N.Y., goes into Equidation as one of the results of the Kenyon crash in Chicago, Kenyon being a director of the bank. Wm. C. Clark, of Chicago has laid himself open to more than criticism by his conduct in relation to the wioding up of the affairs of the wholesale paper house of Clark, Friend & Fox. Having got control of the "business" he sold out and pocketed the proceeds leaving creditors in the lurch by $200,000.
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Ruined by Speculation. The recent failure of the firm of H. O. Kenyon & Co., of Chicago, caused the suspension of the Merchants' bank of Watertown, N. Y.. in which Mr. Kenyon was a director. Its capital is $210,000 and its deposits $100,000, including city and county funds.
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Ruined by Speculation. The recent failure of the firm of H. O. Kenyon & Co., of Chicago, caused the suspension of the Merchants' bank of Watertown, N. Y., in which Mr. Kenyon was a director. Its capital is $210,000 and its deposits $100,000, including city and county funds.
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Ruined by Speculation. The recent failure of the firm of H. o Kenyon & Co., of Chicago, caused the suspension of the Merchants' bank of Watertown, N. Y.. in which Mr. Kenyon was a director. Its capital is $210,000 and its deposits $100,000, including city and county funds.
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The first Ivenamed are new associations. The Manufacturers' Bank of Amsterdam was converted from a National into a State bank. The Island City Bank of the City of New-York changed from a State bank to a Na. tional association under the title of "Garfield National Bank." The Merchants' Bank of Watertown failed February 18, 1882, and William H. Kimball was appolated its receiver OR February 21. He reports to the Superintendent that the sole cause of its failure was the reckless lending of money, without security, for specuative purposes. The Cataract Bank of Niagara Falls increased 118 capital from $30,000 to $100,000; the Nassau Bank of New-York reduced its capital from $1,000,000 to $500,000: and the Frushing and Queens County Bank reduced Its capital from $100,000 to $80,000. Following is a summary of the quarterly reports of all of the banks for the days nearest the close of the last two fiscal years: RESOURCES