e2321c63Full suspension
Other: Bank closed its doors temporarily and planned to reopen issuing certificates of deposit in lieu of cash.
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Oklahoma Bank Troubles OKLAHOMA CITY, O. T., July 19.-The Bank of Oklahoma City and the Oklahoma National Bank closed their doors this after noon. There was a heavy run OD the First National but It withstood 10 all right. Statemen S are unobtainable 11 W.
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Two Oklahoma Banks. OKLAHOMA CITY, Ok.,July 19.-The bank of Oklahoma City and Okishoma National bank have failed. The First National stood a heavy run. Nostate. ments.
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Two Oklahoma City Banks Fail. OKLOHAMA CITY, O. T., July 19.-The Bank of Oklahoma City and the Oklahoma National Bank closed their doors this afternoon. There was a heavy run on the First National, but it withstood it all right. Statements as yet are unobtainable.
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Oklahoma Banks Close. (By telegraph to the Dispatch.) OKLAHOMA CITY, O. T., July 19.-The Bank of Oklahoma City and the Okishoma National Bank closed their doors this atternoon. There was a heavy run on the first-named, but If withstood it all right. Statements are unobtainable now.
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Two Banks Closed at Oklahoma. Oklahoma City, July 19.-Tne Bank of Oklahoma City and the Oklahoma National Bank closed their doors this afternoon. There was a heavy run on the First National, but it withstood it all right. Statements are unobtainable now.
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CONCERNING BUSINESS AND FINANCE. MILWAUKEE, WIS., July 19.-A special dispatch received by the Sentinel late last night from Shell Lake, Mich., says that C. Probert and Edwin Probert, the Wisconsin bankers who operated banking institutions at Washburn, Ashland and Shell Lake, were arrested at Washburn yesterday, charged with having violated the banking laws, The three banks iu which the prisoners were interested failed recently, and an examination has shown, it is said, that all the institutions were in bad shape, and that deposits were received over their counters after it must have been known that they were insolvent. The Proberts, up to the time of the failures, always stood high in northern Wisconsin financial circles and the news of their arrest will cause a sensation throughout the state. Frederick T. Day, the president of the Plamkinton Bank in this city, which recently failed, was located in Flint, Mich., by Sheriff Dunn, of Milwaukee county, yesterday and the capias for his appearance to answer for the grand jury indictment recently rendered against him, served upon him. The banker is in a sanitarium at Flint and as his attending physicians have made an affidavit that to move him now would endanger his life, he will be allowed to remain there under a guard until his health is improved. CHICAGO, July 19.-Dickinson Bro. & King, dealers in Portland cement and building material went into the hands of a receiver to-day. Complainants say the firm has property valued at $260,000 in excess of liabilities. The pressure of the times is said to have made the business unprofitable and it should be wound up. WASHINGTON, D. C., July 19.-The Comptroller of the Currency has been advised that the Hutchinson National Bank, Hutchinson, Kansas, closed its doors this morning. NEW YORK, July 19.-Three judgments aggregating $10,399, against Erastus Wiman in favor of James M. Fitzgerald on three notes, were filed to-day. OKLAHOMA CITY, O. T., July 19.-The Bank of Oklahoma City and the Oklahoma National Bank closed their doors this afternoon. Statements are unobtainable now. WASHINGTON, D. C., July 19,-The mint bureau has succeeded in getting offers of silver at what it considers a fair market price-711/6 cents per ounce-while the gold reserve recovered the ground it lost Monday and again began its "cat in the well" climb toward the hundred million mark. The reserve to-day amounts to $98,387,709, against $97,672,852 yesterday. The currency balance to-day amounts to $25,324,713. TOPERA, KANSAS, July 19.-Information has been received at office of State Bank Commissioner of the failure of the State Bank of Parker, Linn county, and of the Woodson State Bank of Yates Centre, Woodson county. Both are small concerns. WASHINGTON, D.C., July -The Comptroller of the Currency is informed of the failure of the Bozeman National Bank, of Bozeman, Montana.
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Oklahoma Banks Close. OKLAHOMA CITY, July 20.-The Bank of Oklahoma City and the Oklahoma National Bank closed their doors yesterday afternoon. There was a heavy run on the First National, but it withstood it all right.
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BANKS CONTINUE TO CLOSE. Hutchinson. Kan., July 19.-Owing to financial stringency, making it impossible to secure currency sufficient to meet its demands, the Hutchinson National Bank did not open its doors this morning, but posted notice of suspension of payment. The assets are $251,000, and the liabilities $131,000. The bank was in good condition and under ordinary pressure would not have experienced any difficulty. It is the first bank failure in the history of the city. There is no doubt that depositors will be paid in full. Topeka, Kan., July 19.-Information has been received at the office of the State Bank Commissioner of the failure of the State Bank of Parker. Linn County, and of the Woodson State Bank of Yates Centre, Woodson County. Both are small concerns. Washington. July 19.-The Controller of the Cur rency is informed of the failure of the Bozeman Na. tional Bank. of Boreman, Montana. Denver, July 19.-The J. B. Wheeling Banking Company. pioneer bank of Aspen, Col.: Bank of Sterling, Sterling. Col., and the Bank of Loveland, Col., have assigned. So statements of assets or liabilities have been issued. Oklahoma City, O. T., July 19.-The Pank of Ok lahoma City and the Oklahoma National Bank closed their doors this afternoon. There With a heavy run on the First National, but 11 withstood it all right. Statements are unobtainable now. Loveland. Col., July 19-The following notice was posted on the door of the Bank of Loveland just before noon to-day : Owing to the closing of our Denver correspondents we have decided to close our doors temporarily. Our assets are largely in excess of our liabilities. Every depositor will be paid in full. G. L. SMITH. Cashier. The principal correspondent of this bank In Denver was the German National Greeley, Col. July 19. The Union Bank closed Its doors in 1 p. m. to-day. and a half-hour later the Greeley National Bank pulled down its blinds and turned the key in its door. The Union's statement says that owing to the suspension of certain Denver National banks, which had on deposit several thousand dollars of Its money. and the fact that there was a steady withdrawal of deposits, about $80,000 in the last ninety days, they were compelled to suspend business. They say their liabilities are about $100. 000. with assets and paid-up capital of $300,000. As soon as the fact of the suspension of these banks became known. a steady run was made on the First National bat It continued to honor all checks and drafts. and even after the regular closing hour cashed two checks presented.
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FORCED TO THE WALL. Banks and Business Concerns Fail Under the Pressure. HUTCHINSON, Kans., July 19.-Owing to the financial stringency. the Hutchinson National Bank did not open its doors this morning. Assets, $251,000; liabilities, $131,000. There is no doubt but that the depositors will be paid in full. Other local banks are well fortified and no further trouble is anticipated. TOPEKA, Kans., July 19-The State Bank Commissioner is informed of the failure of the State Bank of Parker and Wood & Sons at Yates Center. Both are small. MOBILE, Ala., July 19. - The Daily Register, one of the oldest newspapers in the South, has made an assignment. The publication will be continued under authority of the court. WASHINGTON, July 19.-The Comptroller of the Currency is informed of the failure of the Bozeman National Bank of Bozeman, Mont. CHICAGO, July 19.-Dickinson Brothers & King, dealers in cement and building material, went into the hands of a receiver to-day, through the filing of a bill by stockholders in Brooklyn. It is claimed the firm has assets of $260,000 in excess of its liabilities, but the pressure of the times and sharp competition have made the business unprofitable, and the business should be wound up. It is claimed the creditors will be paid in full and a substantial balance left. BROOKLYN, July 19.-The large carpethouse of Hardenburg & Co. has assigned. OKLAHOMA CITY, July 19.-The Bank of Oklahoma City, which closed its doors to-day, is only temporarily embarrassed and will open to-morrow, giving certificates of deposit in lieu of cash, which the leading merchants of the city will accept as cash. The liabilities of the bank are $95,000 and the assets $170,000. The Oklahoma National Bank also closed its doors. President Stiles says the assets are abundant and can be utilized a/most immediately. The First National has withstood a steady withdrawal for thirty days, culminating in a free run this afternoon. All checks were paid as fast as three tellers could count the money, and President Richardson announced that they would keep open until midnight, adding that the crowd might hang him if any depositor lost a dollar. DETROIT, July 19.-A Free Press special from Negaunee, Mich., says: Judge Burke of the Cleveland (Or.) commission firm of Corrigan, Ives & Co., now in the hands of a receiver, claims that Ferdinana Schlesinger owes the firm $270,000. which Schlesinger says is $70,000 ab ve the real figures. Burke also says the Buffalo Mining Company owes them $2,000,000. This, also, is alleged to be erroneous. Representatives of the creditors will confer with Schlesinger at Milwaukee to-morrow. NEW YORK, July 19.-The Farmers' Loan and Trust Company, as trustee, has brought suit against the D. G. Yuengling Jr. Brewery Company to foreclose a mortgage of $1,500,000 given on the brewery property to secure bonds. A lis pendens was to-day filed against the property.
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Two Oklahoma Banks Go Under. OKLAHOMA CITY, O. T., July 20.-The Bank of Oklahoma City and the Oklahoma National bank closed their doors. There was a heavy run on the First Na tional, but it withstood it all right.
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TELEGRAPHIC BREVITIES. At Brooklyn the large carpet house of Bardenberg & Co., assigned yesterday. Judgments aggregating over $10,000 were filed against Erastus Wiman in New York, on notes, yesterday. The comptroller of the currency is informed of the failure of the Bozeman National bank of Bozeman, Mon. The Bank of Oklahoma city and the Oklahoma National bank have failed. The First National stood a heavy run. Four hundred andeighty-five thousand ounces of silver and 40,000 Mexican dollars will be shipped to Europe today. The steam yacht Oneida, with President Cleveland on board, left Newport yesterday morning, presumably for Gray Gables. The comptroller of the currency has been advised that the Hutchinson National bank of Hutchinson, Kan., has failed. The Kansas state bank commissioner is informed of the failure of the State bank of Parker, and Wood & Sons' State bank of Yates Center. Both are small. Charles Miller, a letter carrier at Mattoon, Ill., fired five shots at Laura Mack who had thrown him over, severely wounding her, and then killed himself. The J. B. Wheeler Banking company, the pioneer bank of Aspen, Colo,, the Bank of Sterling at Sterling, Colo., and the Bank of Loveland at Lovel and, Colo. have assigned.
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Oklahoma Failure. OKLAHOMA CITY, O. T., July 19.The Bank of Oklahoma City, which closed its doors today, is only temporar ily embarrassedand will open tomorrow, giving certificates of deposit in lieu of cash, which the leading merchants of the city will accept as cash. The stockholders are all men of large personal responsibility, and depositors will be paid in full almost immediately. Their liabilities are $85,000; assets, $170,000. The bank wili resume fully within two or three weeks. The First National has. withstood a steady withdrawal for thirty days, culminating in a free run this afternoon. All checks were paid ' S fast as three tellers could count the money, and President Richardson announced to the crowd that they would keep open until midnight, adding that the crowd might hang him if any depositor lost a dollar.
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LATE TELEGRAPHIC JOTTINGS BOTH FROM HOME AND ABROAD. What is Going On the World Over. Important Events Briefly Chronicled. Financial and Commercial. ADA, O.-The Citizens' Bank the most prominent in Hardin county, has failed. MADISON, IND.-The Carrollton Woolen Mill Co., has assigned with liabilities of $7.000. The Nashville, Chattanooga and St. Louis Railway Company has declared a dividend of 11 per cent., payable August 1. The McNamara Dry Goods Company, of Chicago has suspended, It was among the largest houses of its kind in the West. POMONA, CAL-The People's Bank has re. opened with plenty of coin. Only 84 were drawn out the first hour, Deposits were liberal. PARKER, KAN.-The State Bank has failed. STERLIN, COL-The Bank of Sterlin has assigned. BOZEMAN, MONT-The Bozeman National Bank has closed. YATES CENTER, KAN.-The Woodson State Bank has'suspended. HUTCHINSON, KAS.-The Hutchinson National Bank has closed its doors. ASPEN, CoL-The J. B. Wheeler Banking Company and the Pioneer Bank have failed OKLAHOMA CiTY-The Bank of Oklahoma City and the Oklahoma National Bank have succumbed to runs and failed. FORT SCOTT, KAN.-The First National Bank the oldest financial institution in Southeastern Kansas suspended payment. ASHLAND, Kr.-The Second National Bank which suspended three weeks ago. resumed business Thursday. CHICAGO.-The Chemical National bank will not resume business. The reasons given are the stringency of the money marketand the inability of some stockholders to meet the assessments which would be levied upon them if the bank resumed. KANSAS CITY, KAN.-The Citizens bank, the Bank of Richmond and the Farmers and Merchants bank at Ossawattomie, also of Kansas, all private institutions, closed their doors. HARRISONVILLE, Mo.-The First National Bank of Harrisonville, suspended payment and is in the hands of the Comptroller of the Currency, NASHUA, N. H.-The Security Trust Company closed its doors. It promises to pay depositors in full. ANTHONY, KAs.-The First National Bank and the First National Bank of Canso City, Col., have suspended. THE Bank of Bellville, Republic county, Kan., a private institution with $20,000 capital, has failed. NATIONAL bank examiners have recommended to the Comptroller that the First National Ban of San Bernardino, Cal., which recently failed, be allowed to reopen at once, its affairs being in good condition. NEW YORK-Charles M. Preston, state bank examiner, reports the banks of this state to be in a good condition. generally and be anticipates no failures,
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Financial and Commercial. ADA, O.-The Citizens' Bank the most prominent in Hardin county, has failed. MADISON. Isp.-The Carrollton Woolen Mill Co., has assigned with liabilities of $7.000. The Nashville, Chattanooga and St. Louis Railway Company has declared a dividend of 14 per cent., payable August 1. The McNamara Dry Goods Company, of Chicago has suspended. It was among the largest houses of its kind in the West. POMONA, CAL-The People's Bank has re. opened with plenty of coin. Only #4 were drawn out the first hour, Deposits were liberal. PARKER, KAN.-The State Bank has failed. STERLIN, CoL-The Bank of Sterlin has assigned. BUZEMAN, Mosr -The Bozeman National Bank has closed. YATES CENTER, KAN.-The Woodson State Bank has'suspended. HUTCHINSON, KAN.-The Hutchinson National Bank has closed its doors. ASPEN. CoL-The J. B. Wheeler Banking Company and the Pioneer Bank have failed OKLAHOMA City-The Bank of Oklahoma City and the Oklahoma National Bank have succumbed to runs and failed. FORT SCOTT, KAN.-The First National Bank the oldest financial institution in Southeastern Kansas suspended payment. ASHLAND, KY.-The Second National Bank which suspended three weeks ago. resumed business Thursday. CHICAGO.-The Chemical National bank will not resume business. The reasons given are the stringency of the money marketand the inability of some stockholders to meet the assessments which would be levied up. on them if the bank resumed. KANSAS CITY, KAN.-The Citizens bank, the Bank of Richmond and the Farmers and Merchants bank at Ossawattomie, also of Kansas, all private institutions, closed their doors. HAREISONVILLE, Mo.-The First National Bank of Harrisonville, suspended payment and is in the hands of the Comptroller of the Currency, NASHUA, N. H.-The Security Trust Comrany closed its doors. It promises to pay depositors in full. ANTHONY. KAS.-The First National Bank and the First National Bank of Calago City, Col., have suspended. THE Bank of Bellville, Republic county, Kan., a private institution with $20,000 capital, has failed. NATIONAL bank examiners have recommended to the Comptroller that the First National Ban 1 of San Bernardino, Cal., which recently failed. be allowed to reopen at once, its affairs being in good condition. New YORK-Charles M. Preston, state bank examiner, reports the banks of this state to be in a good condition generally and be anticipates no failures.