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MICHIGAN BANK FAILS. Peoples Saving Bank of Lansing Closes its Doors. Lansing, Mich., July 13.-The People's Savings bank of this city failed to open its doors this morning and will go into the hands of a receiver. The bank is capitalized at $150,000. Failure to realize on ite assets to meet constant withdrawals is given as the cause of the suspension. The savings deposit had been reduced to less than $40,000.
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Object Leason for Goldbugs. Lansing, Mich., July 13.-The People's savings bank failed to open this morning and will go into a receiver's hands. Failure to realize on assets to meet constant withdrawals is the cause of the suspension. The savings deposits had been reduced to less than $40,000.
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A Bank Failure. LANSING, Mich., July 13.-The People's Savings bank, this city, failed to open its doors this morning and will go into the hands of a receiver. The bank was capitalized for $150,000. Failure to realize on its assets to meet the constant withdrawals is given as the cause of suspension. The savings deposits have been reduced to less than $40,000.
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MICHIGAN BANK SUSPENDS. The People's of Lansing Unable to Stand the Present Strain. LANSING, Mich., July 13, 1896.-The People's Saving Bank did not open its doors this morning. The bank has been on the ragged edge for some time, but up to Saturday it was believed its diffculties could be tided over. Rumors became rife Saturday afternoon about closing, that the bank was unsound and a slight run was perceptible. The directors voluntarily sent for Commissioner Sherwood and the agreement was reached that the Michigan Trust Company should be appointed receiver. The bank had a capital of $150,000. Its failure is due to the impossibility to realize on its assets owing to the stringency of the money market and the gradual withdrawal of deposits. The steady withdrawal of deposits left the bank in such a crippled condition it could not continue business. None of the other local banks are involved in the People's Bank misfortune, and its closing has caused but little excitement.
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A Lansing Bank Fails. LANSING, Mich., July 13.-The People's saving bank failed to open this morning and will go into the hands of a receiver. The bank is capitalized at $150,000. The failure to realize on assets to meet constant withdrawals is given as a cause of the suspension. The savings deposits have been reduced to less than $40,000.
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FAILURE OF A SAVINGS BANK. Lansing. Mich., July 13.-The People's Savings Bank did not open its doors this morning. The bank has been on the ragged edge for some time, but up to Saturday it was believed its difficulties could be tided over. Rumors became rife Saturday afternoon that the bank was unsound, and a blight run was perceptible. The directors voluntarily sent for Commissioner Sherwood, and the agreement was reached that the Michigan Trust Company should be appointed receiver. The bank had a capita of $150,000. Its failure is due to the Impossibility to realize on its assets owing to the stringency of the money market, and the gradual withdrawal of deposits. The steady withdrawal of deposits left the bank in such a crippled condition that it could not continue business. None of the other local banks are involved in the People's Bank's misfortune, and its closing has caused best little excitement.
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A SAVINGS BANK CLOSED. Its Collapse Expected and no Exeitement Caused. Lansing, Mich, July 13.-The People's Savings Bank did not open its doors this morning. The bank has been on the ragged edge for some time, but up to Saturday it was believed its difficulties could be tided over. Rumors became rife Saturday afternoon about closing time that the bank was unsound, and a slight run was precipitated. The directors voluntarily sent for Commissioner Sherwood, and an agreement was reached that the Michigan Trust Company should be appointed receiver. The bank had a capital of $150,000. Its failure is due to the impossibility of realizing on its assets, owing to the stringency of the money market, and the gradual withdrawal of deposits. The steady withdrawals of deposits left the bank in such a crippled condition that it could not continue business. None of the other local banks are involved in the People's Bank's misfortune, and its closing has caused but little excitement.
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Michigan Bank Closed. LANSING, Mich., July 14.-The Peoples' Savings bank of this city failed to open its doors Monday morning and will go into the hands of a receiver The bank is capitalized at $100,000 Failure to realize on its assets to meet constant withdrawals is given as the cause of the suspension. The savings deposits have been reduced to less than $40,000
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A Bank Failure LANSING, Mich., July 13.-The People's Savings bank failed to open this morning and will go into the hands of receivers. The bank is capitalized at $150,000. Failure to realize on assets to meet constant withdrawals is given as the cause of suspension. The savings deposits have been reduced to less than $40,000.
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10c round trip on Bessemer and Birmingham Railroad every Sunday. Closed Its Doors. Lansing, Mich, July 13.-The People's Savings bank did not open its doors this morning. The bank has been on the ragged edge for some time, but up to Saturday it was believed its difficulties could be tided over. Rumors became rife Saturday afternoon about closing time that the bank was unsound and a slight run was perceptible. The directors voluntarily sent for Commissioner Sherwood and an agreement was reached that the Michigan Trust company should be appointed receiver. The bank had a capital of $150,000. Its failure is due to the impossibility to realize on its assets, owing to the stringency of the money market and the gradual withdrawal of deposits. The steady withdrawal of deposits left the bank in such a crippled condition it could not continue business. None of the other local banks are involved in the People's bank's misfortune, and its closing has caused but little excitement.
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SAVINGS BANK SUSPENDS. No Other Institution Involved-But Little Excitement. LANSING, MICH., July 13.-The People's Saving Bank did not open its doors this morning. The bank has been on the ragged edge for some time, but on Saturday it was believed its difficulties could be tided over. Rumors became rife Saturday evening about closing time that the bank was unsound, and a slight run was perceptible. The directors voluntarily sent for Commissioner Sherwood and an agreement was reached that the Michigan Trust Company should be appointed receiver. The bank had a capital of $150,000. Its failure is due to the impossibility to realize on its assets, owing to the stringency of the money market and the gradual withdrawal of deposits. The steady withdrawal of deposits left the bank in such a crippled condition it could not continue business. None of the other local banks are involved in the People's Bank's misfortune, and 4ts closing has caused but little excitement.
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The People's Savings Bank of Lansing, Mich., failed to open its doors yesterday, and will go into the hands of a receiver. The bank is capitalized at $150,000.
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NEWS FOR MICHIGANDERS. A new grain elevator will be built at Standish. The residence of R. E. Beebe, at Jackson, was partially destroyed by fire. Harry Halbert, aged 12, was drowned while bathing in Grand river at Grand Ledge. The large barn of John Weihart, near Strasburg, burned with all of this year's crops. William Gargin was found dead in a boat house on the river bank near Grand Rapids. The seventeenth annual convention of the Michigan Funeral Directors' association was held at Kalamazoo. Abbott hall, at the M. A. C., is being fitted up as a model kitchen for the use of lady students next semester. John Smith, aged 20, of Nashville, Tenn., was drowned in the Paw Paw river near St. Joseph, while bathing. The planing mill of Worthington Bros., at South Haven, caught fire and is a total loss. It will amount to $5,000; insured for $2,000. The 1-year-old son of Ernest Ramin, of Hubbard, was playing around a fire when his clothes caught fire and he was burned to death. Edward Tubbs, a carpenter, fell 20 feet from a scaffolding at Benton Harbor and is in a precarious condition, with internal injuries. The dwelling house and contents of Fred Meabons, of Arlington, burned while the family were away. Loss, $1,500; insurance, $500. The People's Savings bank of Lansing has closed its doors and will go into the hands of a receiver. The bank is capitalized at $150,000.
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Run Causes a Failur_ Lansing, Mich., July 14.-The People's Savings Bank of this city failed to open its dears Monday and will go into the hands of a receiver. The bank is capitalized at $150,000. Failure to realize on its assets to meet constant withdrawals is given as the cause of the suspension. The savings deposits have been reduced to less thar $40,000.
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THE NEWS. L. G. Fleming, of the Exchange National Bank, of Eldorado, Kan., has been arrested on the charge of forgery and embezzlement -James Cox, a Louisville convict, disem- the Preston Neal during a fight in A receiver for the Middletown appointed bowled State penitentiary. Car Works has killed been at Middletown, Pa-Josiah Brown was and his brother, Joseph Brown, fatally John M. Dow, in Seabrook, N.H. town of Malvern, Ark., was --The stabbed by but $12,000 almost entirely wiped out by fire All of the $46,000 stolen from Christopher a Chicago miser, has been recovHopper and wife, don, Ky., committed suicide. Schrage, ered. -Joseph They of Lon- laid to down on the track and allowed a train their heads.--Three of the gang been holding up people run who over have arrested in Chicago in Deand killing others have been troit The wife and two small children of Martin L. Drury, a farmer in Montgomery were township, on the North Mountain, Pa., In fatally bitten by copperhead snakes. a fight between revenue officers and moon- Marin Franklin county, Va., Deputy was shot through of the m onshiners shiners shal and several Fitzwater killed. the arm, Edgar T. Fisher, of Philadelphia, committed hotel. suicide in a bathroom in a New York barns of the Chicago City Railway were burned, together The Company car Ducro with 554 & cars Loss, $550,000. John Sons' building and a number of small struc- by tures in Ashtabula, O., were destroyed about $50,000, fire. by insurance.-Three Loss, prisoners partially Huntington, covered at the Pennsylvania Reformatory, at one made their escape, after locking up guard and intimidating another. Patrick Carney, sixty years old, was kicker death in Chicago by James Wilson.to Major W. C. Murland, ex-city attorney Pittsburg, pleaded guilty to a charge of em bezzling city funds.-The People's Saving it Bank, of Lansing, Mich., failed t open and will go into the hands of a re The bank is capitalized at ceiver. doors Association will $150,00C mee --The Virginia Bar Old Point Comfort.-The battleship at Texas came out of the dry dock at the Nor folk navy yard.--James L. Taylor wa drowned at Pinners Point, Va. ---A masked robbed and shot Barkeeper Tomlinsor Va at man Nomeldorf`s saloon, in Kanawha, W. Mrs Henry Inske, wife of a farmer nea Creek, in Ohio, was flood. The Big the Bracken Agricultural drowner Depart by ment has issued an appeal for a "bird day,' be observed throughout the country. to Roberts, a Nebraska farmer, killed hi H wife and himself.-Ely the train robber has been captured in Lawson, Mo.train on the Lehigh Valley ran into Severa a COV Hazleton and was wrecked. near were fatally injured.-Special th Master persons Crawford filed his audit in United States Circuit Court in Philadelphii Phila the account of the receivers of the delphia of and Reading Railroad Company occurMay last -- Two incendiary fires for red in Toledo, Ohio, and at one of them o policeman and a fireman were badly mill hurt The accident occurred at the planing Maclaren & Sprague. Robert M. Hunter and William Joyce, cabin boys on the steamer Bonanza, shot Ohio. and killed Peter Whitaker in Pomeroy, The killing was the result of the rivalry over a woman. Their homes are in Cincinnati -As the freight train 218, on Con- the Fitchburg Railroad was on its way to cord, Mass, it jumped the track just outside of Concord Junction, and ten cars contain- SOC ing live stock were demolished. Over calves, sheep and oxen were killed, and numbers were 80 badly injured that they federal had to be killed immediately In the court in Seattle, Washington, Judge Halford Rous has made an order d smissing Oakes, and Payne, the old receivers of the Northern Pacific, excusing them and their sureties the from furtter liabilities and wiping out charge of contempt of court which have beer in pending against them Eight of the firmary at Cincinuati died from the effects Lin Fourth of July feast The Mallory steamer a Colorado struck A mud scow in Ne h and was so badly damage her beached her. York that harbor; captain held The its Unite an States nual meeting Educational at Lawrence. Association Kansas.
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Frank B. Amyx, ,40, a telegraph operator, committed suicide at Westfield three weeks ago. The body was found Sunday. The man-killing elephant Gypsy is to be publicly executed by electricity in Chicago. She has been with the Nickel Plate circus the past three years and has killed three rhen. A Fort Smith, Ark., despatch says that the Dawes Commission and delegates of the Choctaw nation have reached an agreement looking to the division of their lands and the ultimate abandonment of the tribal system. The receiver of the defunct People's Savings bank at Lansing, Mich., has filed a report showing that the depositors will not receive more than 10 cents on the dollar. Of $180,000 of notes held by the bank 90 per cent is claimed to be worthless. Fred E. Holmes, the postmaster at Canton, Mass., who was arrested Saturday on the charge of appropriating $1101.53 of government funds to his own use, says in defence, that "whatever shortage existed at the time the inspector examined the post-office accounts, was adjusted before that official left the Canton office," and he strenuously denies any intention of wrong doing in his management of the post-office.
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For SaleβOld, improved 80 acre farm, three miles south-east of Ovid. Known as the "Kenney Farm" Described as e Β½ of ne ΒΌ sec 22, t 7 n, r 1 e Must be sold. Possession given October 1. SEYMOUR FOSTER, Receiver People's Savings Bank, Lansing, Mich.