e72de7644e8b0989None
Click image to open full size in new tab
Another Bank Failure. By Southern Associated Press. CHARLESTON, S. a, May 15.-The doors of the Bank of Carolinas with the home office at Florence, this State, closed with notice of temporary suspension until the meeting of the directors. The capital stock of the bank is nearly sixty thousand dollars.
Click image to open full size in new tab
CONTRACTION DOES THE WORK Banks Continue to Close Their Doors all Over the Country. QUEENSLAND, May 17.-The Royal Bank of Queensland closed its doors this morning and its suspension was announced. It had a capital stock of £400,000. MINNEAPOLIS, Minn., May 17.-The Citizens' Bank of this city suspended payment this morning and a receiver has been asked for. FLORENCE, S. C., May 17.-Much surprise and some little excitement were caused in Florence yesterday morning when the following notice appeared on the closed doors of the Bank of Carolinas: "This bank has suspended payment until a meeting of directors can be held. JOHN P. COFFIN, Pres't. JACKSONVILLE, Fla., May 13.-A Kissimmee special to the Times Union says: Much to the surprise of everybody, the following notice appeared on the door of the Kissimmee City bank before the opening hour this morning: "This bank is closed until further notice by virtue of a deed of assignment this day executed and recorded in the clerk's office of Osceola county. SYDNEY, Australia, May 15.-The Commercial Banking Company closed their doors this morning. The liabilities are not yet known. The capital stock of the company was £600,000. LINCOLN, Neb., May 13.-Kendall & Smith, the largest millers in this section have made an assignment for the benefit of their creditors. WARDENER, Wash., May 13.-Small & Colby, extensive lumber dealers of this place, made an assignment to day. Their liabilities are $50,000. INDIANAPOLIS, Ind., May 13 -The Bank of New Orleans, Bank of Roas ville, Bank of Freeport, Ohio, and the Bank of Rockford, Michigan, all private concerns and with no extensive patronage were closed to-day by order of Paris and Nave, bankers, of this city, who controlled them. The Commercial State Bank, of Rushville, Ind., Bank of Brookville, Ohio, and the First State Bank, of Hillsdale, Michigan, have suspended. MINNEAPOLIS, May 17.-The Citizens' Bank has suspended and a receiver has been asked for the Northwestern Guaranty Company. WATERLOO, Iowa, May 17. - The First National Bank, of Sioux Falls, suspended at the close of business yesterday, being involved by the assignment of William M. Fields & Brother, importers of horses. The liabilities are estimated at from $100,000 to $150,000, while the personal liabilities of Field will be nearly as much more. No statement of the assets can be given as yet.