18300. Security Mortgage & Trust Company (Dallas, TX)

Bank Information

Episode Type
Suspension → Closure
Bank Type
trust
Start Date
December 26, 1896
Location
Dallas, Texas (32.783, -96.807)

Metadata

Model
gpt-5-mini
Short Digest
9d7e9cb892411cc4

Response Measures

None

Description

Multiple contemporaneous newspapers report the Security Mortgage & Trust Company of Dallas applied for a receiver and a receiver (H. A. Kahler) was appointed on Dec 26, 1896. Cause given consistently: bad/unprofitable real-estate loans and investments; liabilities roughly $2,000,000 with assets estimated about $1,000,000. No article describes a depositor run or temporary suspension/reopening—the firm went into receivership (failure).

Events (1)
1. December 26, 1896 Receivership
Newspaper Excerpt
The Security Mortgage and Trust Company applied for a receiver this evening. Judge Smith ... named H. A. Kahler, the company's manager, as receiver. Liabilities, $2,000,000; assets estimated to realize about $1,000,000. The failure was caused by unprofitable real estate loans and investments.
Source
newspapers

Newspaper Articles (14)
1. December 27, 1896 Richmond Dispatch Richmond, VA
Article from Richmond Dispatch, December 27, 1896

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Heavy Failure in Texas. DALLAS, TEX., December 26.-The Security Mortgage and Trust Company applied for a receiver this evening. Judge Smith, of the Fourteenth District Court, named H. A. Kahler, the company's manager, as receiver. The liabilities are $2,000,000. The assets are estimated to realize about $1,000,000. English, New York; and Philadelphia investors represent 75 per cent. of the stock, and will be the principal losers. The failure was caused by unprofitable real estate loans and investments.

2. December 27, 1896 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, December 27, 1896

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RECEIVERS IN CHARGE. William Miller and A. C. Barnham, representing the receiver, went at once to Lockport and took charge- of the property tonight. Noble B. Judah, counsel for John L. Norton, said: "There is a fair show for the creditors. Gambling losses caused the trouble and the firm could not go through these hard times. All the available assets are tied up in the firm, and it is impossible to correctly estimate the assets and liabilities. John Norton made the original straw-board trust and was a millionaire once. His father had a prosperous milling business in Locknort when Chicago was a hamlet." Too Much Real Estate. Dallas, Dec. 26.-The Security Mortgage and Trust company applied for a receiver this evening. Judge Smith of the Fourteenth judicial district court named H. A. Kahler, the company's manager, as receiver. Liabilities, $2,000,000; assets estimated to realize about $1,000,000. London, New York and Philadelphia investors, répresenting 70 per cent of the stock, will be the principal losers. The failure was caused by unprofitable real estate loans and investments.

3. December 27, 1896 The Morning News Savannah, GA
Article from The Morning News, December 27, 1896

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MORTGAGE COMPANY FAILS. Its Liabilities $2,000,000 and Its Assets Half That Sum. Dallas, Tex., Dec. 26.-The Security Mortnge and Trust Company applied for a recelver this afternoon. Judge Smith of the Fourteenth judicial district court named H. A. Kahler, the company's manager, as receiver, The liabilities are $2,000,000. The assets are expected to realize about $1,000,000. English, New York and Philade. phia investor 8 represent 75 per cent of the stock and will be the princ.pal .osers. The failure was caused by unprofitable real estate loans and investments

4. December 27, 1896 The Houston Daily Post Houston, TX
Article from The Houston Daily Post, December 27, 1896

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BUSINESS MATTERS. ceiver for the Security Mort and Trust Company of Dalla: Dallas, Texas, December 26-In the judicial district court this ev W. J. J. Smith appointed H. A. receiver of the Security Mortgag company of this city. The ap was made upon the application Trezevant, president, who acted unanimous vote of the board of d neluded in the assets of the conce Trust building in the city, a strt pressed brick, six stories in h at a cost of $230,000. upon are mortgages aggregating $14 McLeod hotel building of this e luded in the debenture assets 0 Receiver Kahler has beer ipany's manager. The board of a 18 composed of prominent business follows: J. T. Trezevant, J. G. O Sam P. Cochran, A. R. Andrew Reach, Alex Sanger, T. S. Mille Greer. he condition of affairs is explain following statement made by Pres sevant to the correspondent of The failure is due to the long cont ression in real estate, together wit financial stringency of the las Defaults in payments on the borrowers has steadily increased in real estate taken as collateral reased during these five years unt nearly a million dollars' wort property to care for, including ted mortgages sold and guaranteed he capital and surplus of the com ,000 is thus absorbed, and there nising outlok for the immediate fu do not owe a cent to any bank: ou are only to purchasers of on either in the form of debe or guaranteed loans. By short owing, to meet Immediate demand have continued another year, a was a rally in real estate could i pull through without failure. Or hand, to go on meant to take cha eing forced into liquidation at som ortune moment, whereby uncomp tion might cause loss to inn

5. December 28, 1896 New-York Tribune New York, NY
Article from New-York Tribune, December 28, 1896

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BUSINESS EMBARRASSMENTS Dallas, Tex., Dec. 27.-The Security Mortgage and Trust Company applied for a receiver last evening Judge Smith named H. A. Kahler, the company's manager, as receiver. Liabilities, $2,000.000: assets, estimated, will realize about $1,000,000. English. New-York and Philadelphia investors, representing 70 per cent of the stock. will be the principal losers. The failure is caused by unprofitable real-estate loans and investments. Akron, Ohio, Dec. 27.-Andrew Jackson, a prominent business man of this city, assigned yesterday. This precipitated an assignment of the brick manufacturing firm of Jackson & Brodbeck and the failure of A. Jackson & Lyhman, builders and contractors.) The assets, chiefly real estate, of Andrew Jackson amount to $100.000; liabilities, $35.000. Jackson & Brodbeck's assets are $50,000: liabilities, $23,000. No statement is made by Jackson & Lyhman, but they are not heavily involved. Philadelphia, Dec. 27.-Execution was issued yesterday on a judgment note for $40,241 32 against Samuel Lee's Sons, dealers in drygoods. This execution was entered in the name of Charles J. McNuity, trustee for the creditors. The firm made an assignment for the benefit of its creditors, exPostmaster John F. Field being the assignee. The liabilities are placed at $100,000, including the judgment note on which execution was issued yesterday and $60,000 in merchandise debts. The amount of the assets is not stated. Thomas P. Lawler. John E. Lawler and William P. Lawler, trading as Lawler & Bros., have made

6. January 1, 1897 The Columbia Herald Columbia, TN
Article from The Columbia Herald, January 1, 1897

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GENERAL NEWS. The Columbus & Hocking Coal and Iron Company, of Columbus, O., has been placed in the hands of a receiver. The Security Mortgage & Trust Company, of Dallas, Texas, has made application for a receiver. The liabilities are $2,000,000, and the assets are estimated at $1,000,000. The failure was caused by unprofitable real estate loans and investments. Otta Wasmansdorff, of the banking firm of Wasmansdorff & Heinemann, which failed at Chicago last week as a result of the collapse of the National Bank of Illinois, committed suicide last Saturday morning by shooting himself in the right temple with a revolver. The constant worry and anxiety for the past week, consequent upon the failure, is believed to have been the cause. Six men lost their lives in a mine explosion at Princeton, Ind., last Saturday. The Atlas National Bank, of Chicago, has decided to retire from business, and the associated banks of the city will advance the amount needed to pay its depositors in full; about $900,000 will be required. Bank Examiner McDonald has taken charge of the Merchants' and Plantors' Bank, at Bryan, Texas, which failed to open its doors on Wednesday of last week.

7. January 2, 1897 The Van Buren Press Van Buren, AR
Article from The Van Buren Press, January 2, 1897

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THE Security Mortgage & Trust company of Dallas, Tex., one of the largest concerns of the kind in the South, has gone into the hands of a receiver. Assets, 2,314,000; liabilities, 2,488,325.

8. January 7, 1897 Mexico Weekly Ledger Mexico, MO
Article from Mexico Weekly Ledger, January 7, 1897

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CHRONOLOGICAL Brief Notes of the More Important Happenings of 1896 THE YEAR AT HOME AND ABROAD. Financial and Industrial Interests Note ble Disasters of Various Kinds Crimes and Lynchings-ThePolitical Arena Sportsman's Column. BUSINESS FAILURES. BANKS GENERALLY INCLUDING VOLUNTARY SUSPENSIONS. Jan. -Exchange, Greeley Center. Neb. Avenue / savings, Columbus, O Ogalail of Jan Neb Bank Jan Banks at Blue Springs and Stratton, Neb -Bank of Wauneta, Neb City Jan Unneapolis bank, Jan --Irish-American, Minneapolis, Jan -Bank of Commerce, Grand Jan Neb. Island Momence. III., bank of Wilton M. Durham. .Maurice. Ia., State. CitFlemingsburg, Ky. Central Trust and Savings, Chicago. Mich Bank of Frankfort, Maynard Apple Malach River, Kan Commercial Bloomfield and Deposit Minn. Co Banking and Liberty sav Bedford ings, City, tional, Denver, Col., Apr. Grand Forks (N. D.) ational Apr. City savi Hot Springs, Ark. Fairland Bank Union City, Ind Sumner national. Wellingten May K Citizens' Edwardsburg, Mich May Jefferson.' National Bank of New England, Manches ter, Bank of Maroa, T11 June Mo ghton. national, Kan Ind Inburg, of and Bank C Cheney, Winchester, N. June H Mich Lansing, First national, llsboro, O. Omaha Rock Valley, Ia. Denison (O.) deposit Orleans bankers (Mo.) Conkling Bros., Banks Mo. Richards, Aug county Lansing, Mich $800,000 Col. City, Kan. & Son's state bank at Lowe Sioux national, Sloux City, Ia. $900. Sept First national, Beatrice, Neb Sept West bank, Du luth Minn State Loan & Trust Co. bank Ogalalla, Sept. -First national. Helena, Mont Sept Jackson county, Black River Falls, Wis. Mutual national, New Orleans Sept New Commerce Bank of Sep -Bennett national, New What com Midland state, Omaha, Neb. bank Shellsburg $449,000. bank Mapleto (Minn.) bank bank. state Argonia (Kan. (Kan bank Tribune -First national, Mount Pleasant national. Ithaca, Mich N H Duluth, Minn of Bank Buffalo, Bank 's, Atlanta, Ga ) Deposit Mecests Mich., Rapids, Marine national Duluth Minn Harpe (III.) bank national, Sloux City, Ia Sloux First national East Saginaw Mich Dakota national, Sloux Falls, S. Nov. D Nov Davis County Savings associa Mo. Gallatin tion, Tex. bank, Midlothian, national Missouri national, Kansas City Wis. Portage, estport of Bank D Baxter, of Baxter Springs, Kan. county, Tonathan Harlan Dec. Columbian Easter Bank Duluth Minn First national, Niagara, -First national. Holidaysburg, Dec Banks at Martinsburg and Williams ational bank of Illinois at Chi$1,200,000 Chicago of Minnesota, and Union Paul stocky Dec. 23-Bank of Superior, Wis American Banking & Trust Co., Auburn, Dec. 24 -Calumet state bank, Blue Island, n Dec. 26 Security Mortgage & Trust Co. Dallas, Tex.; Atlas ational, Chicago. Dec 28-Bank of Superior Wis Scan dia, Minneapoli McCoy Banking Co. LARGER OMMERCIAL CONCERNS $500,000 ES OF OR OVER. Philadelphia, Solicitors' Loan & Jan. 10-At Philadelphia, Keene, Sutter $4. Co., exporters and importers, At Minneapolis, American SavJan In and Jan. mining Belle of Nelson dis$709,242 -At New York, R &H. Adams, cotgoods ton Columbus, O., Northern Fire I Baltimore & Ohio Railroad Co. Holy oke, Mass., Albion Paper Co $500,000. Mar. 14- St. Paul, Patrick H. Kelly $1,000,000 thant; Peck Conn. Mar of plumbers' Bros. and materials; cinnati, Smith & Nixon, Apr dealers; plano Little Rock, Ark., James E. Detroit, J. L. Hudson & Co. $500,000. May New York, American Trading Akron, O., Ferdinand Schu May president American Cereal Co. St. Louis, United Eleva Cal. Jacob Rich, and Mich.. James T. $500. Buggy Co Aug Bay City Samuel G. M. Gates, Chicago, Moore Bros. dealers In Diamond and New York Biscuit stocks -At Chicago, George W. Hankins: Aug. B1 13-At New York. S. F. Myers Aug & $500,000 jewelers, manufacturing York. Archor & Pan$800,000. coast Alexandria, Ind., Union Steel New York, Hilton, H lughes & City Ia., Whita Terre Haute and Indianapolis Slade and F H Clough Clear woolen mills, Bur$1,000,000 rellville. Malting & Elevate $500.00 Dec. 6-Norton & Co., millers, Chicago $500,000 Dec. 28-W. M & J. 8. Van Nortwick bankers.and manufacturers, at Batavia III.: $2,000,000. CASUALTIES

9. January 7, 1897 Mineral Point Tribune Mineral Point, WI
Article from Mineral Point Tribune, January 7, 1897

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winnam of one of the Kansas electors, W. H. Linton, who is alleged to be disqualified because he deserted from the army. The Laconia car works, at Laconia, N. H., was petitioned into an involuntary insolvency. The total liabilities are placed at $617,000 and the assets at $407,000. James R. Francisco, who operated the famous John Bullengine on the Camden and Amboy railroad, in 1836, died at: Fremont, O., aged eighty-one years. It is said that the failure of the Security Mortgage and Trust company of Dallas, Texas, will cause a loss of $1,500,000 to eastern and foreign capitalists. New York-The board of estimates inserted in the budget for 1897 the sum of $70,000 for ceremonies attending the dedication of the Grant monument. Baltimore-The ninth annual meeting of the American Economic association will begin at Johns Hopkins university and will continue until Thursday. Washington-The large furniture house of Julius Lansburg, on New York avenue, was burned; loss on building, stock and adjacent struetures, $200,000. John McCord of Oberlin, Ohio, died in the Grand Central railway station in New York, of heart disease. He was returning home from a visit to relatives at New Haven, Conn. Comptroller Eckels in an interview says the recent bank failures have been due largely to local causes and that the general condition of the national banks is excellent. District Attorney Olcott of New York has written a letter to the aittorney general asking his advice as to whether the deputies in his office are subject to civil service. Mrs. Ella Eager, wife of a locomotive engineer, committed suicide at New Haven, Conn., by throwing herself in front of her husband's locomotive. The couple had quarreled. Total appropriations for the various branches of the New York city government of New York for 1897 foot up close to $50,000,000, a larger sum than ever was granted before. Topeka, Kan.-General Buckner sent a cask of whisky and $50 to Dudley town for a Christmas present. It was the only township in the union carried by Palmer and Buckner. Otto Wasmansdorff, senior partner in the Chicago banking firm of Wasmansdorff & Heinemann, which suspended as a result of the failure of the National bank' of Illinois, committed suicide. It is reported that Charles T. Yerkes, the Chicago street railway magnate, will make his home in New York and will have two of his Chicago stocks listed on the New York exchange. H. C. Henry, the millionaire contractor, has confirmed the report that he had secured the contract to build the approaches to the Great Northern railroad tunnel through the Cascade mountains. Judge Myers, at Oskaloosa, Kan., dismissed the receivership case of the Atohison, Topeka and Santa Fe Railroad company, holding that the alien land law of Kansas is not applicable to railroads. Van Nortwick Bros., bankers at Batavia, III., and holders of large property interests in several states, made an assignment, as a result of the liquidation of the Atlas National Bank of Chicago. Chicago-Mrs. Mary Logan Tucker of Wisconsin and her son have been left a fortune by Captain Lemon of Washington. They are the wife and son of Major Tucker, who is now stationed at St. Paul. San Francisco-Information has been received announcing the death at San Salvador of Dr. Albert Sanchez, director of the meteorological and astronomical observatory of the state of San Salvador. A letter received at the state department in Washington from a high authority in the Turkish government indicates that Emperor William of Germany and the sultan have formed an alliance. After W. J. Bryan's Atlanta lecture Mr. McBee, his financial backer, offored to fulfil the contract and pay the lecturer $10,000 to bind the contract. Mr. Bryan refused It, and Mr. McBee did not press it. Governor Morton has appointed Col. Ashley W. Cole, his private sec-

10. January 7, 1897 Brenham Weekly Banner Brenham, TX
Article from Brenham Weekly Banner, January 7, 1897

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As AN additional evidence of the fact that prosperity IS again returning to the business channels in Texas, we mention the fact that a receiver has been appointed to take charge of the business of the Dallas Security Mortgage and Trust Company, whose assets are placed at $1,900,000, with liabilities opproximating $1,300,000. The cause assigned for the failure is the long continued depression in real estate and defaults in payment on the part of borrowers.

11. January 7, 1897 Wood County Reporter Wisconsin Rapids, WI
Article from Wood County Reporter, January 7, 1897

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# NEWS BRIEFS It is said that the failure of the Security Mortgage and Trust company of Dallas, Texas, will cause a loss of $1,500,000 to eastern and foreign capitalists. New York-The board of estimates inserted in the budget for 1897 the sum of $70,000 for ceremonies attending the dedication of the Grant monument. Baltimore The ninth annual meeting of the American Economic association will begin at Johns Hopkins university and will continue until Thursday. Washington-The large furniture house of Julius Lansburg, on New York avenue, was burned; loss on building, stock and adjacent structures, $200,000. John McCord of Oberlin, Ohio, died in the Grand Central railway station in New York, of heart disease. He was returning home from a visit to relatives at New Haven, Conn. Comptroller Eckels in an interview says the recent bank failures have been due largely to local causes and that the general condition of the national banks is excellent. District Attorney Olcott of New York has written a letter to the attorney general asking his advice as to whether the deputies in his office are subject to civil service. Mrs. Ella Eager, wife of a locomotive engineer, committed suicide at New Haven, Conn., by throwing herself in front of her husband's locomotive. The couple had quarreled. Total appropriations for the various branches of the New York city government of New York for 1897 foot up close to $50,000,000, a larger sum than ever was granted before. Topeka, Kan. General Buckner sent a cask of whisky and $50 to Dudley town for a Christmas present. It was the only township in the union carried by Palmer and Buckner. Otto Wasmansdorff, senior partner in the Chicago banking firm of Wasmansdorff & Heinemann, which suspended as a result of the failure of the National bank of Illinois, committed suicide. It is reported that Charles T. Yerkes, the Chicago street railway magnate, will make his home in New York and will have two of his Chicago stocks listed on the New York exchange. H. C. Henry, the millionaire contractor, has confirmed the report that he had secured the contract to build the approaches to the Great Northern railroad tunnel through the Cascade mountains. Judge Myers, at Oskaloosa, Kan., dismissed the receivership case of the Atchison, Topeka and Santa Fe Railroad company, holding that the alien land law of Kansas is not applicable to railroads. Van Nortwick Bros., bankers at Batavia, Ill., and holders of large property interests in several states, made an assignment, as a result of the liquidation of the Atlas National Bank of Chicago. Chicago-Mrs. Mary Logan Tucker of Wisconsin and her son have been left a fortune by Captain Lemon of Washington. They are the wife and son of Major Tucker, who is now stationed at St. Paul. San Francisco Information has been received announcing the death at San Salvador of Dr. Albert Sanchez, director of the meteorological and astronomical observatory of the state of San Salvador. A letter received at the state department in Washington from a high authority in the Turkish government indicates that Emperor William of Germany and the sultan have formed an alliance. After W. J. Bryan's Atlanta lecture Mr. McBee, his financial backer, offered to fulfil the contract and pay the lecturer $10,000 to bind the contract. Mr. Bryan refused it, and Mr. McBee did not press it. Governor Morton has appointed Col. Ashley W. Cole, his private secretary, a member of the state railroad commission. The salary is $8,000 per year. Colonel Cole was a former New York newspaper man. President-elect McKinley, in a talk with Senator Wolcott of Colorado told Mr. Wolcott that he was earnestly in favor of carrying out the republican platform's pledge of attempting to bring about international bimetallism. Announcement has been made that the Erie Railroad company has completed arrangements for the elevation of its tracks through Jersey City. The work, which is to cost $1,000,000, will be completed in about two years. Washington On the question of general arbitration between the United States and Great Britain, Mr. Olney and Sir Julian have made the final draft of the treaty and it is in the hands of Lord Salisbury awaiting his approval. V. J. Rothschild of the St. Paul Winter Carnival association has been authorized by the executive committee to announce that owing to the mild weather the association has been forced to abandon its plans for an ice palace this season. Samuel H. Kerfoot, one of the pioneers in the real estate business in Chicago, died of heart disease. He

12. January 9, 1897 The Guthrie Daily Leader Guthrie, OK
Article from The Guthrie Daily Leader, January 9, 1897

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THE Security Mortgage and Trust company, of Dallas, has failed and is now in the hands of receiver. There is about $2,000,000 involved in the failure. Cause of the failure: "Confidence could not pull it through." Its president and directors, Trezevant, Sanger and others, were very confident that by voting for McKinley, the big concern under their direction would pull through. But it didn't.

13. January 29, 1897 Kansas Agitator Garnett, Greeley, Topeka, KS
Article from Kansas Agitator, January 29, 1897

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Goldbug Good Times. D. J. Bear, of Richmond, Va., jeweler, failed here Monday for $15,000. The Security, Mortgage and Trust Company of Dallas, Tex., has failed. Phelps & Co., grain brokers of Salt Lake City, have failed with liabilities of $10,000. The McCoy Banking Company of Independence, Mo., has gone into voluntary liquidation. The Bank of West Superior, Wisconsin, capital $50,000 and $50,000 surplus, has suspended operations. The Columbus and Hocking Valley Coal and Iron Company has passed into the hands of a receiver. The Scandia Bank, of Minneapolis, Minn., with a capital of $60,000, has suspended payments. The Laconia Car company of Laconia, N. H., has been petitioned into an involuntary insolvency. Chicago's charity ball is likely to be postponed on account of the financial and business troubles there. The Parsons-Pelletier Dry Goods company, one of the largest houses of the kind in Sioux City, Iowa, have failed. White & Howe company of Sioux City, Iowa, shoe dealers, have assigned Creditors are mostly eastern shoe firms. The American Banking and Trust company of Auburn, Me., has closed its doors and made application for a receiver. The Excelsior Machine and Boiler Works company of Chicago failed Monday. Assets and liabilities each about $40,000. Dallas Wightman, a cloak manufacturer of Rochester, N. Y., has assigned. Assets between $20,000 and $25,000; liabilities $15,000. Solomon Sales of New York, wholegale and retail dealer in meats and provisions, has assigned to Charles A. Hess without preferences. The Calumet State Bank at Blue Island, III., has failed. A statement was filed, showing that the assets are $87,069 and the liabilities $68,000. J. J. Wright & Stokes of Richmond, Va., manufacturers of harness, have assigned for $18,000. Mr. Stokes made a personal assignment for $16,000. The large retail dry goods store of M. Frank & Co. of Fort Wayne, Ind., was placed in the hands of Benjamin Rothschild as receiver Monday. One hundred and fifty men employed by the Georgetown Boot and Shoe company are on strike in Haverhill, Mass., against a reduction of wages. The Dime Savings bank of Chicago, has suspended payments under the ninety day withdrawal notice clause, granted in the statutes to savings banks.

14. March 20, 1897 Blackfoot News Blackfoot, ID
Article from Blackfoot News, March 20, 1897

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Goldbug Good Times. D. J. Bear, of Richmond, Va., jeweler, failed here Monday for $15,000. The Security, Mortgage and Trust Company of Dallas, Tex., has failed. Phelps & Co., grain brokers of Salt Lake City, have failed with liabilities of $10,000. The McCoy Banking Company of Independence, Mo., has gone into voluntary liquidation. The Bank of West Superior, Wisconsin, capital $50,000 and $50,000 surplus, has suspended operations. The Columbus and Hocking Valley Coal and Iron Company has passed into the hands of a receiver. The Scandia Bank, of Minneapolis, Minn., with a capital of $60,000, has suspended payments. The Laconia Car company of Laconia, N. H., has been petitioned into an involuntary insolvency. Chicago's charity ball is likely to be postponed on account of the financial and business troubles there. The Parsons-Pelletier Dry Goods company, one of the largest houses of the kind in Sioux City, Iowa, have failed. White & Howe company of Sloux City, Iowa, shoe dealers, have assigned Creditors are mostly eastern shoe firms. The American Banking and Trust company of Auburn, Me., has closed its doors and made application for a receiver. The Excelsior Machine and Boiler Works company of Chicago failed Monday. Assets and liabilities each about $40,000. Dallas Wightman, a cloak manufacturer of Rochester, N. Y., has assigned. Assets between $20,000 and $25,000; d liabilities $15,000. Solomon Sales of New York, wholeet sale and retail dealer in meats and proa visions, has assigned to Charles A. Hess without preferences. The Calumet State Bank at Blue S Island, III., has failed. A statement $ was filed, showing that the assets are $87,069 and the liabilities $68,000. J. J. Wright & Stokes of Richmond, Va., manufacturers of harness, have d assigned for $18,000. Mr. Stokes made t a personal assignment for $16,000. el The large retail dry goods store of M. Frank & Co. of Fort Wayne, Ind. e was placed in the hands of Benjamin di Rothschild as receiver Monday. a One hundred and fifty men employed by the Georgetown Boot and Shoe comf pany are on strike in Haverhill, Mass. e against a reduction of wages. The Dime Savings bank of Chicago e has suspended payments under the g ninety day withdrawal notice clause e granted in the statutes to saving banks.