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TEXAS BANK RUINED BY DROP IN COTTON Owing, it is said, to the drop in the price of cotton, the Citizens' National Bank of McGregor, Tex., has closed its doors. The Comptroller of the Currency has been advised and has appointed National Bank Examiner J. M. Logan as receiver. The bank had resources of over $134,000 and deposits of upward of $63,000.
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Texas Bank Fails. The controller of the currency has received advices from the vice president of the Citizens' National Bank of McGregor, Texas, that the bank has closed its doors. National Bank Examiner J. M. Logan has been appointed receiver by the controller. This bank was organized on July 18, 1900, with C. G. Hering president and John P. Cooper cashier. The cause of failure is said to be on account of the drop in cotton.
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Receiver of McGregor, Texas, Bank. The controller of the currency has appointed Mr. Frank R. McCormick of Colorado receiver of the Citizens' National Bank of McGregor, Texas, which closed its doors on-the 8th instant, and has since that time been in the hands of National Bank Examiner Joseph M. Logan as temporary receiver, who will be relieved by Mr. McCormick as soon as the assets of the bank can be listed and turned over to him. Mr. McCormick has heretofore been employed by the controller's office in connection with failed national banks.
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WEST AND SOUTH. The doors of the Citizens' national bank, of McGruder, Tex., were closed, with liabilities of $134,603. At Eldora, Ia., E. S. Blydenburg, convicted of killing his wife, has been sentenced to life imprisonment. The Bank of Dunn, N. C., a state institution, after a run of ten days, closed its doors. W. T. White, of Cleveland, O., has been made president of the National Association of Automobile Manufacturers. Whilesitting at his desk in Evansville, Ind., Charles F. Gould, aged 55, editor of the Evening Bulletin, fell dead. The Iowa democratic convention to select delegates to the national convention will be held in Des Moines on May 4. At the age of 60 years, John A. Roche, mayor of Chicago from 1887 to 1889, died suddenly of heart disease. In Chicago a banquet 40 feet under Jackson boulevard, in the Illinois Telephone company's tunnel, was given by the latter to 1,200 guests. At Bedford, Ind., John McDonald, under arrest on a charge of murdering Miss Schafer, collapsed when taken to the scene of the crime. Judge Pratt, of the Waterloo district court, has declared the Iowa antitrust law unconstitutional. The cattle raisers and shippers of the west charge railroads with conspiracy and with making freightrates excessive. Miss Hulda Nelson, in a fit of insanity at Fort Dodge, Ia., killed her mother, a wealthy widow, and then committed suicide.
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THE NEWS IN BRIEF. For the Week Ending Feb. 18. Bandits dynamited the safe of a bank at Ravia, I. T., and secured $1,700. Burglars wrecked the interior of the Millerstown (Pa.) bank and got $500. After a run of ten days the Bank of Dunn, N. C., a state institution, closed its doors. Paul Misik, convicted of the murder of Charles O'Brien, was hanged at Hartford, Conn. The Equitable national bank of New York city closed its doors, with deposits of $395,273. The Citizens' national bank, of McGruder, Tex., closed its doors with liabilities of $134,603. A national boxing association has been organized at Detroit to control professional boxing. Henry W. Oliver, of Pittsburg, capitalist, steel master and politician, died at the age of 64 years. Erastus Wiman, once a famous promoter, died poor on Staten Island, N. Y., at the age of 70 years. The 20,000 rural free delivery mail carriers in the United States will have a holiday February 22. Rev. Mr. Soden, a Baptist minister, a Miss Clinton and a child were killed in a tornado at Union, Ark. Four men were crushed to death at Steubenville, 0., by the caving in of a pile of iron ore at a mine. Fourteen persons were killed and more than a score injured in a railway collision near Sand Point, Ont. John A. Roche, mayor of Chicago from 1887 to 1898, died suddenly of heart disease, aged 60 years. Ice gorges in the Susquehanna river were causing great damage at Wilkesbarre, Pa., and other places. The new customs duties announced by Cuba practically prohibit American competition in many articles. Mayor Johnson formally opened the national bowling tournament at Cleveland by rolling the first ball. Andre Matteson, for 20 years editor of the Chicago Times, died at his home in Highland Park, Ill., aged 75 years. George Bearskin, principal chief of the Seneca Indians, was found frozen to death by the roadside near Cayuga, I.T. The Iowa convention to select delegates to the national democratic convention will be held in Des Moines on May 4. Four men were shot to death and three wounded at Coal Creek, Tenn., in a fight between union and nonunion miners. James McDonald, a teamster, was arrested at Bedford, Ind., on suspicion of being the murderer of Miss Sarah C. Schafer. Rev. G. Campbell Morgan, former London preacher, has been called to the Second Presbyterian church in Chicago as pastor. Two twin baby sisters named Black were so badly bitten by rats at the Logan county children's home in Ohio that they died. Owing to a shortage of $57,500 in the cashier's accounts the savings department of the Wolfboro (N. H.) Loan bank closed. Twenty persons leaped from the thirdstory windows of a burning factory building in Brooklyn, N. Y., and five were fatally injured. August W. Machen, the central figure in the postal trial in Washington, took the witness stand and denied all the charges preferred against him. Rev. James Warden, who for 60 years was an active Methodist minister, has at the age of 102 years been admitted to the Baltimore (Md.) almshouse. Two of the three great buildings of the Corn Products company were destroyed by fire at Oswego, N. Y., causing a loss exceeding $1,000,000. A banquet 40 feet under Jackson boulevard, in the Illinois Telephone company's tunnel, was given by the latter to 1,200 guests in Chicago. Secretary Taft told the house committee on insular affairs that slavery had been abolished in the Philippines by legislative action taken there. Advices say that the powers of the world are indorsing Secretary Hay's plan and that the integrity of China is assured no matter how the Russo- Jan-
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THE NEWS IN BRIEF. For the Week Ending Feb. 13. Bandits dynamited the safe of a bank at Ravia, I. T., and secured $1,700. Burglars wrecked the interior of the Millerstown (Pa.) bank and got $500. After a run of ten days the Bank of Dunn, N. C., a state institution, closed its doors. Paul Misik, convicted of the murder of Charles O'Brien, was hanged at Hartford, Conn. The Equitable national bank of New York city closed its doors, with deposits of $395,273. The Citizens' national bank, of McGruder, Tex., closed its doors with liabilities of $134,603. A national boxing association has been organized at Detroit to control professional boxing. Henry W. Oliver, of Pittsburg. capitalist, steel master and politician, died at the age of 64 years. Erastus Wiman, once a famous promoter, died poor on Staten Island, N. Y., at the age of 70 years. The 20,000 rural free delivery mail carriers in the United States will have a holiday February 22. Rev. Mr. Soden, a Baptist minister, a Miss Clinton and a child were killed in a tornado at Union, Ark. Four men were crushed to death at Steubenville, O., by the caving in of a pile of iron ore at a mine. Fourteen persons were killed and more than a score injured in a railway collision near Sand Point, Ont. John A. Roche, mayor of Chicago from 1887 to 1898, died suddenly of heart disease, aged 60 years. Ice gorges in the Susquehanna river were causing great damage at Wilkes. barre, Pa., and other places. The new customs duties announced by Cuba practically prohibit American competition in many articles. Mayor Johnson formally opened the national bowling tournament at Cleveland by rolling the first ball. Andre Matteson, for 20 years editor of the Chicago Times, died at his home in Highland Park, Ill., aged 75 years. George Bearskin, principal chief of the Seneca Indians; was found frozen to death by the roadside near Cayuga, I. T. The Iowa convention to select delegates to the national democratic convention will. be held in Des Moines on May 4. Four men were shot to death and three wounded at Coal Creek, Tenn., in a fight between union and nonunion miners. James McDonald, a teamster, was arrested at Bedford, Ind., on suspicion of being the murderer of Miss Sarah C. Schafer. Rev. G. Campbell Morgan, former London preacher, has been called to the Second Presbyterian church in Chicago as pastor. Two twin baby sisters named Black were so badly bitten by rats at the Logan county children's home in Ohio that they died. Owing to a shortage of $57,500 in the cashier's accounts the savings department of the Wolfboro (N. HI) Loan bank closed. Twenty persons leaped from the thirdstory windows of a/ burning factory building in Brooklyn, N. Y., and five were fatally injured. August W. Machen, the central figure in the postal trial in Washington, took the witness stand and denied all the charges preferred against him. Rev. James Warden, who for 60 years was an active Methodist minister, has at the age of 102 years been admitted to the Baltimore (Md.) almshouse. Two of the three great buildings of the Corn Products. company were destroyed by fire at Oswego, N. Y., causing a loss exceeding $1,000,000. A banquet 40 feet under Jackson boulevard, in the Illinois Telephone company's tunnel, was' given by the latter to 1,200 guests in Chicago. Secretary Taft told the house committee on insular affairs that slavery had been abolished in the Philippines by legislative action taken there. Advices say that the powers of the
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Receiver Appointed. Washington, Feb. 12.-The comptroller of the currency has appointed Frank R. McCormick, of Colorado, receiver of the Citizens' national bank of McGregor, Tex., which closed its doors on the 8th inst
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WEST AND SOUTH. Burglars dynamited the safe of a bank at Ravia, I. T., and secured $1,700. The governor of Illionis has issued a proclamation fixing April 22 as Arbor and Bird day. In a collision at the Southern railway crossing at Waterloo, Va., four persons were killed. At Steubenville, O., four men were crushed to death by the caving in of a pile of iron ore at a mine. The death of Philip Keifer, a wealthy retired manufacturer, occurred in Dayton, O., aged 102 years. The doors of the Citizens' national bank, of McGruder, Tex., were closed, with liabilities of $134,603. At Eldora, Ia., E. S. Blydenburg, convicted of killing his wife, has been sentenced to life imprisonment. The Bank of Dunn, N. C., a state institution, after a run of ten days, closed its doors. W. T. White, of Cleveland, O., has been made president of the National Association of Automobile Manufacturers. While sitting at his desk in Evansville, Ind., Charles F. Gould, aged 55, editor of the Evening Bulletin, fell dead. The Iowa democratic convention to select delegates to the national convention will be held in Des Moines on May 4. At the age of 60 years, John A. Roche, mayor of Chicago from 1887 to 1889, died suddenly of heart-disease. In Chicago a banquet 40 feet under Jackson boulevard, in the Illinois Telephone company's tunnel, was given by the latter to 1,200 guests. At Bedford, Ind., John McDonald, under arrest on a charge of murdering Miss Schafer, collapsed when taken to the scene of the crime. Judge Pratt, of the Waterloo district court, has declared the Iowa antitrust law unconstitutional. The cattle raisers and shippers of the west charge railroads with conspiracy and with making freight rates excessive. Miss Hulda Nelson, in a fit of insanity at Fort Dodge, Ia., killed her mother, a wealthy widow, and then-committed suicide
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Business Failures Jan. 14-Auburn (Ind.) Farmers' bank. 16-Mt. Ayr (la.) Citizens' bank; $450,000. 22-Cleveland (0.) Produce Exchange bank and branches at Belford, Hudson and Defiance. 23-Elkhart (Ind.) Nat. bank. 30-New York, A. B. Baxter & Co., cotton brokers; $2,000,000. Feb. 2-New Orleans, Kirby Lumber Co. and Houston Oil Co. Clarksburg (W. Va.) Traders' Nat. bank. 9-McGruder (Tex.) Citizens' Nat. bank. 10-New York Equitable Nat. bank Bank of Dunn, N. C. 11-Syracuse (N. Y.) Exchange Nat. bank; $500,000. 15-Peila (Ia.) Savings bank. 28-Opelika (Ala.) bank; $150,000 Tanton (Mass.) bank; $600,000. Mar. 2-Le Sueur (Minn.) bank; $95,000. 11-Garden Grove and Coin (Ia.) banks. 18-Daniel Sully, New York cotton king; $17,000,000. 21-Lonaconing (Md.) Savings bank. 22-Riverside (Cal.) bank....E. O. Miller, National bank banker, Providence, Ia of Holdenville, Ind. T., suspends operaHons. 81-Union Trust, Boston; $1,600,000....Federal Trust, Cleveland; $1,000,000. Apr +Capital Nat. bank, Guthrie, Okla.; $1,033.000 W. B. Mack, New York.
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Business Failures Jan. 14-Auburn (Ind.) Farmers' bank. 16-Mt. Ayr (la.) Citizens' bank; $450,000. 2-Cleveland (0.) Produce Exchange bank and branches at Belford, Hudson and Defiance. 23-Elkhart (Ind.) Nat. bank. 30-New York, A. B. Baxter & Co., cotton brokers; $2,000,000, Feb. 2-New Orleans, Kirby Lumber Co. and Houston Oil Co Clarksburg (W. Va.) Traders' Nat. bank. )-McGruder (Tex.) Citizens' Nat. bank. 10-New York Equitable Nat. bank Bank of Dunn, N. C. II-Syracuse (N. Y.) Exchange Nat. bank; 15-Pella $500,000. (la.) Savings bank. Tanton &-Opelika (Ala.) bank; $150,000 (Mass.) bank; $600,000. Mar. 2-Le Sueur (Minn.) bank; $95,000. II-Garden Grove and Coin (la.) banks. 18-Daniel Sully, New York cotton king; 21-Lonaconing $17,000,000. (Md.) Savings bank. 22-Riverside (Cal.) bank E. O. Miller, banker, Providence, la National bank of Holdeny Ind. T., suspends opera81-Union tions. Trust, Boston; $1,600,000 Federal Trust, Cleveland; $1,000,000. Apr. 4-Capital Nat. bank, Guthrie, Okla.; $1,033,000 W. B. Mack, New York.
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Business Failures Jan. 14-Auburn (Ind.) Farmers' bank. 16-Mt. Ayr (la.) Citizens' bank; $450,000. 22-Cleveland (0.) Produce Exchange bank and branches at Belford, Hudson and Defiance. 23-Elkhart (Ind.) Nat. bank. 80-New York, A. B. Baxter & Co., cotton brokers; $2,000,000. Feb. 2-New Orleans, Kirby Lumber Co. and Houston Oil Co. Clarksburg (W. Va.) Traders' Nat, bank. 9--McGruder (Tex.) Citizens' Nat. bank. 10-New York Equitable Nat. bank Bank of Dunn, N. C. 11-Syracuse (N. Y.) Exchange Nat. bank; $500,000. 15-Pella (Ia.) Savings bank. 28-Opelika (Ala.) bank; $150,000 Tanton (Mass.) bank; $600,000. Mar. 2-Le Sueur (Minn.) bank; $95,000. 11-Garden Grove and Coin (Ia.) banks. 18-Daniel Sully, New York cotton king; $17,000,000. 2i-Lonaconing (Md.) Savings bank. 22-Riverside (Cal.) bank....E. O. Miller, banker, Providence, la National bank of Holdenville, Ind. T., suspends operations. 81-Union Trust, Boston: $1,600,000...Federal Trust. Cleveland; $1,000,000.
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Business Failures Jan. 14-Auburn (Ind.) Farmers' bank. 16-Mt. Ayr (Ia.) Citizens' bank; $450,000. 22-Cleveland (0.) Produce Exchange bank and branches st Belford, Hudson and Defiance. 23-Elkhart (Ind.) Nat. bank. 30-New York, A. B. Baxter & Co., cotton brokers; $2,000,000. Feb. 2-New Orleans, Kirby Lumber Co. and Houston Oil Co Clarksburg (W. Va.) Traders' Nat. bank. 1-McGruder (Tex.) Citizens' Nat. bank. Id-New York Equitable Nat. bank Bank of Dunn, N. C. 11-Syracuse (N. Y.) Exchange Nat. bank; $500,000. 15-Pella (Ia.) Savings bank. 28-Opelika (Ala.) bank; $150,000 Tanton (Mass.) bank; $600,000. Mar. 2-Le Sueur (Minn.) bank; $95,000. 11-Garden Grove and Coin (Ia.) banks. 18-Daniel Sully, New York cotton king; 21-Lonaconing $17,000,000. (Md.) Savings bank. 22-Riverside (Cal.) bank E. O. Miller, banker, Providence, Ia National bank of Holdenville, Ind. T., suspends operaHons. 1-Union Trust, Boston; $1,600,000 Federal Trust, Cleveland; $1,000,000. Apr. 4--Capital Nat. bank, Guthrie, Okla.; $1,033,000 W. B. Mack, New York.
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Business Failures Jan. 11-Auburn (Ind.) Farmers' bank. 16-Mt. Ayr (la.) Citizens' bank; $450,000. 22-Cleveland (O.) Produce Exchange bank and branches at Belford, Hudson and Defiance. 23-Elkhart (Ind.) Nat. bank. BO-New York, A. B. Baxter & Co., cotton brokers; $2,000,000. Feb. 2-New Orleans, Kirby Lumber Co. and Houston Oil Co. Clarksburg (W. Va.) Traders' Nat. bank. 9-McGruder (Tex.) Citizens' Nat. bank. 10-New York Equitable Nat. bank Bank of Dunn, N. C. 11-Syracuse (N. Y.) Exchange Nat. bank; $500,000. 15-Pella (Ia.) Savings bank. 28-Opelika (Ala.) bank; $150,000 Tanton (Mass.) bank: $600,000. Mar. 2-Le Sueur (Minn.) bank; $95,000. 11-Garden Grove and Coin (Ia.) banks. 18-Daniel Sully, New York cotton king; $17,000,000. 21-Lonaconing (Md.) Savings bank. 22-Riverside (Cal.) bank E. O Miller, banker, Providence, Ia National bank of Holdenville, Ind. T., suspends operations. 81-Union Trust, Boston: $1,600,000 Federal Trust, Cleveland: $1,000,000. Apr. 4-Capital Nat. bank, Guthrie, Okla.; $1,033,000 W. B. Mack, New York.