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STURGES BANK CLOSED. An Ohio Financial Institution Goes to the Wall. Mansfeld, O., July 3.-Sturges Bank here closed its doors this morning when its owner filed a deed of assignment. Sturges, owner, is reputed to be worth 150,000. He held a controlling interest in the Mansfield Machine Worke, capitalized at three hundred thousand, which went in the hands of a receiver today. Sturges was a close business friend of the late John Sherman.
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OHIO BANK CLOSED. Prominent Mansfield Capitalist Is Forced to Make an Assignment. Mansfield, O., July 1.-The Sturges Bank here closed its doors to-day, when its owner filed a deed of assignment to Howard B. Dirlam, an attorney. The bank was a private concern. Sturges was reputed to be worth $150,000. He owns considerable real estate, lumber works and a controlling interest in the Mansfield machine works. a large concern capitalized at $300,000. The assets and liabilities have not been given out. Later in the day, A. Peck was appointed receiver for the Mansfield machine works. Mr. Sturges was a close business friend of the late John Sherman.
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AN OHIO BANK FAILS PRIVATE INSTITUTION OPERATED AT MANSFIELD. Closing of the Bank Followed By the Assignment of W. M. Sturges Its Owner, and the Mansfield Machine Works. Mansfield. O., July 3.-The Sturges Bank failed to open its doors today, and is in the hands of a receiver. The closing of this bank was followed by the assignment of William M. Sturges, owner of the bank, and by the appointment of a receiver for the Mansfield Machine Works, capital $300,000, which were controlled by Sturges and his associates. The Sturges Bank was a private institution. Its depositors were mostly grain men and farmers. None of the other banks will be affected. William M. Sturges is interested in numerous enterprises. He is a breeder of fine cattle. giving a great deal of his time to that matter. He owns lumber works, a coal yard and a large stock farm. He owns valuable property here, and was engaged in building a number of houses in the south part of the city. H. B. Dirlam began work as the assignee of Mr. Sturges this afternoon. Mr. Sturges filed suit against the Mansfield Machine Works to assess the stockholders. This concern also went into the hands of a receiver today, A. A. Peck, President of the company, being appointed receiver. His bond was fixed at $50,000. He was given authority "to continue running the plant, which employes several hundred men. Its capital is $300,000. Mr. Starges owned $82,500 of stock in this concern and was an indorser for over $50,000 of its paper. Other heavy stockholders are John E. Sturges, Mary D. Sturges, A. A. Peck and A. A. Peck, guardian. There is a large number of stockholders. among them being the late John Sherman. whose estate still holds a few shares. The machine works have not paid any dividends for five years. There have not been any additional failures, but claims are being put in by creditors. No schedule has been filed as yet, and no statement has been made of assets and liabilities. Other banks of the city claim the failure of William Sturges had been expected for months, though to the general public it was a great surprise.
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THE STURGES BANK CLOSES ITS DOORS The Suspension Was followed by Assignment of Mansfield Machine Works Mansfield, O., July 3.-The Sturges Bank failed to open its doors today and is in the hands of a receiver. The closing of this bank was followed by an assignment of William M. Sturges, owner of the bank, and by the appointment of a receiver for the Mansfield Machine Works, capital $300,000, that were controlled by Sturges and his associates. The bank was a private institution. Its depositors were mostly grain men and farmers. It paid interest on deposits from the time money was received. None of the other banks here will be affected. William M. Sturges is interested in numerous enterprises. He was a breeder of fine cattle, giving a great deal of his time to that matter. He owns lumber works, a coal yard and a large stock farm. He owns valuable property in this city and was engaged in building a number of new houses in the southern part of the city. H. B. Dirlam began work as the assignee of Mr. Sturges this afternoon. Mr. Sturges filed suit against the Mansfield Machine Works to assess the stockholders. This concern also went into the hands of a receiver today, A. A. Peck, president of the company, being appointed receiver. His bond was fixed at $50,000. He was given authority to continue running the plant, which employs several hundred men. Its capital is $300,000. Mr. Sturges owned $82,000 of stock in this concern and was an indorser for over $50,000 of its paper. Other heavy stockholders are John E. Sturges, Mary D. Sturges, A. A. Peck and A. A. Peck, guardian. There is a large number of stockholders, among them being the late John Sherman, whose estate still holds a few shares. The machine works have not paid any dividends for five years. There have not been any additional failures, but claims are being put in by creditors. No schedule has been filed as yet and no statement av: been made of assets and liabilities. Other banks of the city claim the failure of Willis Sturges has been expected for months though to the general public it was a great surprise.
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PRIVATE BANK FAILS. The Sturges Institution of Mansfield, Ohio, Closes its Doors. (By the Associated Press.) Mansfield, Ohio, July 3.-Sturges Bank, a private institution, closed its doors today, followed he filing of a deed of assignment by Banker Sturges to Attorney H. B. Dirlam. Sturges owned lumber works, real estate and a controlling interest in the Mansfield Machine Works, the latter capitalized at $300,000. This afternoon Alex. A. Peck, was appointed receiver for the Mansfield Machine Works. Sturges was a close friend of the late John Sherman. No statement of the bank's affairs has been made.
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DEFERRED ITEMS. Rioting occurred in Buenos Ayres in protest against the bill to unify the public debt of Argentina. The Pennsylvania Railroad Company has assumed responsibility for the cavein of the Union tunnel in Baltimore, exonerating the city from any blame in the matter. An inspired German article published in Berlin declares that Germany under no conditions will permit France to acquire Morocco or the key to the Mediterranean. Congressman John A. T. Hull, of Iowa, who accompanied Gen. Chaffee on his recent southern tour in the Philippines, characterizes the newly estabed provincial governments as "hothouse plants, unable to withstand ad. versities." The Sturges Bank at Mansfield, Ohio, failed to open its doors on Wednesday and is in the hands of a receiver. The closing of this bank was followed by the assignment of Willis M. Sturges, owner of the bank, and by the appointment of a receiver for the Mansfield Machine Works, capital $300,000, which were controlled by Sturges and his associates. Thirty thousand dollars in twenty dollar gold pieces are missing from the cashier's vault of the United States mint, at San Francisco. Although the mist officials have been working on the case for four days, they have no clue to the disappearance of the coin, A train on the Great Northern leaving Seattle Sunday evering was held up near Wagner, Mont, about 1 o'clock Wednesday afternoon by a gang of outlaws. The Great Northern express safe was blown open and $83,000 is said to have been secured. It is stated that J. Pierpont Morgan & Co. have purchased the Northern Pacific steamship line, plying between Tacoma, Wash., and Japanese and Chinese ports and Manila. The purchase completes J. P. Morgan's round-the-world system. The British and Japanese sections in Pekin have been formally transferred to the Chinese. A thousand new Japanese troops have arrived at Pekin and 4,000 more are on the way to replace the force in the provence of Chi Li. Another Chinese insurrectionary society, known as the Allied Villagers, has been formed in Pao Ting Fu. For this reason the French troops will delay their evacuation for some months, Judge A. C. Thompson, of the United States Court, in Cincinnati on Wednesday allowed a temporary injunction against the striking machinists. Fifteen miners are reported to have been killed in an outbreak among the strikers of the Smuggler Mine in Colorado.
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TRAIN OF FAILURES Beginning With Collapse ofthe Sturges Bank. Mansfield, ,July 5.-Following the failure of William M. Sturges, owner of the Sturges bank and the appointment on Wednesday of a receiver for the Mansfield Machine works, today came the failure of Lyman A. Strong of the Strong Elevator company. who also had an interest in the grain firm of Strong & Lauk of Bucyrus, O. Mr. Strong was a depositor in the Sturges bank. Today he filed a deed of assignment in the probate court to Attorney William McWeldon and S. Brainard Leiter, the latter formerly having been associated in business with him. Mr. Strong has been in business here since 1865 and was considered wealthy. His assets are estimated at $60,000 and liabilities more than that amount. He owns a grain elevator on East Fourth street and also bought wool heavily. He had other real estate. No schedule has yet been filed.
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Another Mansfield Failure. MANSFIELD. O., July 5.-Foilowing the failure of Willis M. Sturges, owner of the Sturges Bank, and the appointment on Wednesday of a receiver for the Mansfield machine works, to-day came the failure of Lyman A. Strong, of the Strong Elevator Company, who also had an interest in the grain firm of Strong & Lauck, of Bucyrus, O. Strong was a depositor in the Sturges Bank. To-day he filed a deed of assignment in the Probate Court to Attorney William McC. Weldon and S. Brainerd Leiter, the latter formerly having been associated in business with him. Strong has been in business here since 1865 and was considered wealthy. His assets are estimated at $60,000 and liabilities more than that amount.
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Private Bank Fails. Sturges bank, of Mansfield 0, & private institution, closed its doors, following the filing of a deed of assignment by Binker Sturges to Attorney H. B Dirlam. Sturges owned lumber works, real estate and a controlling interest in the Mansfield Machine works, the latter capitalized at $300,000. Wednesday afternoon A. Peck was appointed receiver for the Mansfield Machine works. Sturges was a close friend of the late John Sherman.
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Private Bank Fails in Ohio. The Sturges Bank at Mansfield, Ohio, failed to open its doors the other day, and is in the hands of a receiver. The closing of the bank was followed by the assignment of Willis M. Sturges, its owner, and by the appointment of a receiver for the Mansfield Machine Works, capital $300,000, controlled by Mr. Sturges and his associates.
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Grain Dealer Goes Under. Following the failure of William M. Sturges, owner of the Sturges Bank, and the appointment of a receiver for the Mansfield Machine Works, came the failure of Lyman A. Strong, of the Strong Elevator Company, of Mansfield, Ohio, who also had an interest in the grain firm of Strong & Lauk, of Bucyrus, Ohio. Strong was a depositor in the Sturges Bank.
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Private Bank Fails in Ohio. The Sturges Bank at Mansfield, Ohio, failed to open its doors the other day. and is in the hands of a receiver. The closing of the bank was followed by the assignment of Willis M. Sturges, its owner, and by the appointment of a receiver for the Mansfield Machine Works, capital $300,000, controlled by Mr. Sturges and his associates.