bf6158722e252244Accommodated withdrawals, Full suspension, Books examined
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SPOKANE BANKS Standing a Heavy Run with Good CourageTwo Banks Fail. SPOKANE, Wash,June 6.-The Washington National Bank and its adjunct, the Washington Savings Bank closed their doors this morning. Other banks are being subjected to a severe run, but seem to be standing the strain well.
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BANK FAILURES. Three Spokane Institutions Close Their Doors. SPOKANE (Wash.), June 6.--Three banks closed their doors to-day. They have assets largely in excess of the liabilities, and have been conducted with sound management. They were caught in a sudden whirl and flurry. The public suddenly became alarmed, and distance from the money centers prevented timely fortification. When the banking hours arrived this morning the Washington National and Washington Savings Banks, allied institutions, failed to open their doors. They had been subjected to a heavy run the day before, and although they had made arrangements for money, it failed to arrive in time. This startled the public, and a run was started anew upon all banks. By 1 o'clock it had almost entirely subsided, but relief came too late for the Citizens' National, which closed its doors at 2 o'clock. The other banks stood the strain with no visible signs of weakening, and since they have been strengthening themselves, and the worst of the flurry is believed to be over. It is generally believed that there will be no more suspensions.
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know nothing of his whereabouts. 1218 stated that he left his business affairs in bad condition. His property has been attached in a suit brought by Mrs. Charlotte Baker to recover $12,000 given to Mr. Merrill to urchase shares of stock for her. but since that time he has failed to turn them over to her. Other attachments are: Sarah A. Cohen. $40,000; Hepsebeth Fenton, $5,000; Susan D. B. Webber, $10,000; Robert M. Morse, $25,000; Lucia A. D. Long, $100,000. John F. Hooper. Mr. Merrill's private secretary, said to-day that Mr. Merrill had gone away for rest, on the advice of a physician. His financial affairs, his secretary says, are in good condition. and all claims against him will be promptly paid when he returns. Winthorp M. Merrill said to-day: "1 think it would be safe to estimate that after all my father's liabilities are met he would be worth from $100,000 to $200,000." Three More Spokane Banks Closed. SPOKANE, Wash., June 6.-As a result of the suspension of the Pank of Spokane Falls yesterday, three other banks in this city closed their doors to-day. They are the Washington National, the Washington Savings and the Citizens' National. A. M. Cannon, president of the Bank of Spokane Falls, is vice president of both the Washington National and Washington Savings Bank and the failure is due directly to the failure of the Bank of Spokane Falls. There great excitement during the run occurred on day and was a Washington nearly every Nabank in the city. The tional has a paid-up capital of $100,000, and according to a recent statement has deto $326,000. posits amounting The capital Wash- of 1D g ton Savings has a paid-up $50,000 and deposits of $100,000. The Citiof $150,000 and to about zens' deposits National amounting has a capital $400,000. It is believed all the banks are perfectly solvent and will resume in a few days. The Palonse City Bank of Palouse City, also closed its doors to-day. Bedford Bank Forced to Suspend. Special to the Indianapolis Journal BEDFORD, Ind., June 6.-The Bedford Bank this morning closed its doors. The president claims that owing to an unprecedented heavy run on the Chicago banks yesterday, which had promised assistance, the bank was forced to suspend. Depositors are promised to receive full value for every dollar. The bank 18 one of the oldest in the State. The exact amount of deposits 18 not known at present, but are supposed to be large. Packing House Attached. WICHITA, Kan., June 6.-The Laclede and Third National Banks, of St. Louis, and the Bank of Commerce, of Kansas City, to-day sued out attachments for $50.000 and $25,000, and $50,000, respectively, against the Francis Whittaker & Sone house. Late this evening N. packing of the property. The sheriff is in possession W. Levy, president of the Wichita National Bank, was appointed receiver. The plant here is valued at $200,000. Assignment of New England Publishers. BOSTON, June 5.-Potter & Potter, publishers of the New England Magazine, the Yankee Blade, the Woman's Home Journal, the American Vehicle and the Amesbury, have assigned to W. J. Clark, of this city. Isaac J. Potter said that the New England Magazine had broken the firm. and that the other publications were in good condition. The liabilities are between $75,000 and $100,000. A Wisconsin Bank Suspends. Lane The State
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savings and Individual deposits to a total of about $600,000. Its officers, however, were prompt in announcing that the thirty days' notice would be required, and the savings depositors had consequently to be content with giving notice of their intention to draw out next month. A large number of those who have withdrawn their money from banks within the past twenty-four hours have deposIted it in safety deposit vaults, and it is now almost impossible to secure a lock-box at any of these institutions. The crowd about the Prairie State National Bank and the Prairie State savings and Trust Company was even greater than that of yesterday. The former institution suffered but little to-day, however, as the depositors are business men who have implicit confidence in the stability of the bank. Both institutions met all demands. Another Bank Crippled. SPOKANE, WASH, June 6.-The Washington National Bank and its adjunct, the Washington Savings Bank, closed their doors this morning. They were crippled by runs yesterday. Both show strong assets, much in excess of liabilities, but could not get money in time for the sudden whirl. The other banks are being subjected to a severe run, but seem to be standing the strain well. New York Financiers Pleased. NEW YORK, June 6.-Local bankers and financiers warmly approve of President Cleveland's announcement of his intention to call an extra session of Congress to deal with the silver question. President Wright, of the National Park Bank, stated to a reporter to-day that he thought it very wise on the part of President Cleveland to call an extra session of Congress. The people, he beHeved, had had a sufficiently instructive lesson on the Sherman silver law. and were now quite ready for its repeal. President Williams, of the Chemical Bank, heartily approved of President Cleveland's intention. Mr. Williams declared that all of the present financial trouble was caused by the silver law. Among others interviewed, who expressed themselves favorable to President Cleveland's intended action, were Presidents Simmons of the Fourth National Bank, Randolph of the Continental National Bank, Tappan of the Gallatin National Bank, Cannon of the Chase National Bank, Mr. Jefferson Seligman and Henry Clewes.
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Two Banks Closed at Spokane. Spokane, Wash., June 6.-The Washington National Bank and its adjunct, the Washington Savings Bank, closed their doors this morning. They were crippled by runs yesterday. Both show strong assets, much in excess of the liabilities, but could not £e; money in time for the sudden whirl. Other banks are being subjected to a severe run, but seem to be standing the strain well.
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MANY SMALL BANKS GO DOWN. UNDUE EXPANSION THE CAUSE IN ONE CASERUNS RESPONSIBLE IN OTHERS. Toledo, Ohio, June 6.-A dispatch to "The Blade" from Defiance, Ohio, says that the doors of the Deliance Savings Bank closed yesterday afternoon just before 3 o'clock. This was done by the assignee, Rolla H. Gleason. Many of the stockholders did not know that any such step was in contemplation. The bank is the youngest in the town, and has a paid up capital of $27,000. The assets will reach not less than $150,000, and the liabilities are stated at $100,000. The failure is attributed to large loans made by the bank, which ties up some $127,000, leaving them too narrow a working capital. Andrew Sauer, the cashier, assigned his entire real and personal property amounting to $100,000, Frank S. Smith being his assignee. The enterprises In which Mr. Sauer is Interested. all of which are Included in his assignment, are the Deflance Electric Street Railway, electric light plant and gas works, the Citizens' Opera House, valued at $50,000, besides considerable real estate. The Golden Rule Drygoods House, in which he was Interested with a stock valued at 42,000, was turned over to Henry Smith and Henry Foos, two of his heaviest creditors. Manitowor, Wis., June 6.-The State Bank of ManItowoc did not open for business this morning. There has been a continued run on the Institution for the last three weeks, and the officers have made a fight against the failure which by developments yesterday was made inevitable. C. C. Barnes, the president, It is understood, has turned over all his personal property to cover any possible loss by depositors. The bank's capital stock was $50,000 and the surplus $10,000. The Manitowoe Savings Bank is experiencing a light run. Reports from Racine say a run is in progress on the Manufacturers' National Bank. At Madison the run on the First National Bank has increased in vigor, while other banks are having Increased demands. Spokane, Wash., June 6.-The Washington National Bank and Its adjunct, the Washington Savings Bank, closed their doors this morning. They were crippled by the quiet run yesterday. Both show strong assets, much in Increase of the liabilities, but could not get money in time for the sudden demand. The other banks are being subjected to a severe run, but seem to be standing the strain well. Two Rivers, Wis., June 6.-The bank of Two Rivers closed its doors this morning. It was capitalized at $10,000. Its resources according to the last state. ment were $70,523, and amount due depositors, $59,314 32. Philadelphia, June 6.-Cornellus & Rowland, dealers in gas fixtures, at No. 1,512 Chestnut-st. have made an assignment. Liabilities are estimated at $50,000, and assets at $75,000.
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CRIPPLED BANKS. Small Country Banks in Wisconsin Suspend Payment. NEW YORK, June 6.-State Examiner Preston took charge of the affairs of the Canal Street bauk, at 206 Canal street, this morning. The bank went into voluntary liquidation yesterday because of the refusal of the Shoe and Leather bank to clear for the Canal Street bank. Two RIVERS, Wis., June 6.-The Bank of Two Rivers failed this morning. A statement from the officials as to the cause and condition of the bank cannot be had, as the cashier and principal owner, David Becker, is not in the city. MILWAUKEE, June 6.-The flurry in financial circles of last week has passed away. This morning there is not a run on a single bank in town. The Commercial, Second Ward and South Side Savings banks present their usual appearance, and confidence seems to have been completely restored. It was thought that the flurry in Chicago would have its effect here, but its influence does not seem to have been felt at all. TOLEDO, O., June 6.-A Blade special says the savings bank of Andrew Sauer, at Defiance, failed. Particulars soon as received. Liabilities, $100,000. TROY, N. Y., June 6.-The affairs of Neher & Carpenter, brokers and private bankers, who failed some time ago, are not in an encouraging condition. The liabilities are about $235,000 and the actual value of the assets $131,000. Neher & Carpenter were the Eastern agents of the North western Guaranty Loan association, of Minneapolis. MILWAUKEE, June 6.-A special from Manitowoc, Wis., says the State bank in that city has closed. Its capital stock was $50.000, and the surplus $10,000. The Manitowoc Savings bank is now experiencing a light run. Reports from Racine say a run is in progress on the Manufacturers' National bank. At Madison the run on the First National bank has increased in vigor, while other banks are having increased demands. SPOKANE, Wash., Jnne 6.-The Washington National bank and its adjunct, the Washington Savings bank, closed their doors this morning. They were crippled by the quiet run yesterday. Both show strong assets in excess of liabilities, but could not get money in time for the sudden whirl. The other banks are being subjected to a severe run, but seem to be standing the strain well.
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CONDENSED NEWS. Edwin Booth is dead. The Bedford, Ind., bank has suspended. The net gold reserve in the U. S. treasury is $90,000,000. The whisky trust has filed an $8,000,000 mortgage at St. Louis. After a running fight the Bentonville, Ark., bank robbers escaped with their booty, $10,000. St. Louis banks have attached the Wichita packing plant of Francis Whittaker for $125,000. Members of the Western Passenger association are still in a row at Chicago over World's fair rates. Potter & Potter, Boston. publishers of the New England Magazine, the Yankee Blade, the Woman's Home Journal, the American Vehicle and the Amesbury Daily, have assigned. An alstract of the condition of the national banks in Chicago on the date of the last call, showed a reserve of twentynine and forty-five hundredth per cent, or 4.45 per cent above the reserve required by law. Total resources are stated at $160,864,804. Surplus fund WAS $11,516,700 and undivided profits $2,566,000. At Spokane, the Washington National bank and its adjunct, the Washington Savings bank, closed their doors. They were crippled by the quiet run yesterday. Both show strong assets in excess of liabilities but could not get money in time for the sudden whirl. The other banks are being subjected to a severe run, but seem to be standing the strain well.
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Another Spokane Bank Closes. SPOKANE, Wash., June 7.-The Washington national, bank closed its doors Tuesday morning. A. M. Cannon, owner of the private bank that suspended Monday, is vice president of this bank. This caused a run Monday and Tuesday. The liabilities are unknown.
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EMBARRASSED BANKS. A Material Falling Off Im the Number of Failures. ASHLAND, Wis., June 7.-The bank of Waehburn. closed ita doore this morning. The officersclaim the suspension is only temporary, on account of the financial stringency, and will reopen in a few days. It.is a private institution with a stated capital of $25,000; surplus, $12,000; d'eposite, about $40,000. A. C. Probert is president, and states the depositors will be paid in full. CHICAGO, June 7.-The private bank of C. L. Niehoff & Co. was placed in the hands of the sheriff this evening on attachment's eued out by a number of depositore, who became alarmed for the safety of their money- No statment is obtainable tonight. W ASHINGTON, June7. / -The comptroller has directed Bank Examiner E. T.. Wilson to take charge of the Citizene" National bank and the Washington National bank of Spokane, state of Washington, which closed their doors yesterday. NEW ALBANY, Ind., June 7.-The New Albany Banking company has suapended payment, as the result of the run on the New Bedford, Ind., bank yesterday, both having substantially the same stockholders. It is claimed the assets are $212,000; liabilities, $100,000. W. L. Greyfogle, one of the principal stockholders in the bank, executed a deed. of trust of $366,000 for the benefit of the depositore of the two banks. It is claimed the depositors will be paid in full.
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Washington National Bank Closed. SPOKANE, Wash., June 6.-The Wash+ ington National bank and its adjunct the Washington Savings bank closed their doors this morning. The other banks are being subjected to a severe run but seem to be standing the strain well.
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CRASHES AT OTHER POINTS. The following is a summary of the financial disasters recorded Tuesday: Maintowor, Wis.-State Bank of Maintowoc after standing a three weeks' run. Defiance, 0.-Andrew Sauer's Savings Bank: liabilities, $100,000; assets $150 000. Boston.-Potter & Potter, magazine and newspaper publishers; liabilities $100,000. Philadelphia.-Same E. Prince. marble quarryman; liabilities $100,000; nominal as. setts $250,000. Troy. N. Y.-Neber & Carrenter. private bankers and brokers; liabilities, $235,000; actual assets, $131,000. Three Rivers. Mich.-Bank of Three Rivers, capitalization, $10,000; accounts due depositors at last statement, $60,000. Spokane, Wash.-Washington National and Washington Savings Banks; assets in excess of liabilities. Racine, Wis.-A run is in progress on the Manufacturers' National Bank. At Madison the First National is being subjected to a heavy run. Two Rivers, Wis.-The Bank of Two Rivers failed. The owner, David Becker, is not in the city. Evanston, III.Charles S. Winslow has been appointed receiver of the Evanston National Bank, Spokane. Wash.-The Comptroller has directed Bank Examiner E. T. Wilson to take charge of the Citizens' National Bank and the Washington National Bank. New Albany. Ind.-The New Albany Banking Company closed its doors owing to the fall of the Bedford Bank. Assets claim. ed, $212.000; liabilities. $100,000. Bedford, Ind.-The Belford Bank has suspended after a run. Palouse, Wash.- The First National Bank has suspended, owing to the Bank of Spokane's failure. Chicago-Joseph Rathbone & Co., lumber dealers. have assigned. Scheduled assets, $500,000. The run on the Banks has ceased. Cleveland, 0.-A run is in progress on the St. Clair street branch of the East End Savings Bank Company. No cause except fail 'rres in other cities.
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Want to Heopen. WASHINGTON, June 24.-Comptroller Eckles this morning received " telegram from the San Bernardiso bank asking permission to reopen. He answered that he would consider the request when his examiner had made the report. Bank Examiner Lazar who was at Los A ngeles has been directed to take charge of the San Bernardino bank, while Whitman, the examiner at San Francisco, will relieve him. Bank Examiner Clare Tacome has been directed to go to New Whateom. Application has been received by the comptroller from all the banks in Spokane requesting him to allow the Washington National bank at Spokane to reorganize. The board of trade at San Diego, California, and the president of the suspended First National bank of that place have requested that the bank be allowed to resume business. The request will be considered when the report is in.
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PACIFIC COAST BANKS. Nearly All of Them Have Asked Permission to Reopen. WASHINGTON. June 4.-Comptroller Eckele this morning received a telegram from the Pacific bank of San Francisco, asking permission to reopen. He answered that he would consider the request when his examiner made a report. Bank Examiner Lazar, who is at Los Angeles, has been detailed to take charge of the San Bernardino bank, while Wightman, examiner at San Francieco, will relieve him at the first named place. Bank Examiner Clare of Tacoma has been detailed to go to New Whatcom. An application has been received by the comptroller from all the banks in Spokane, requesting him to allow the Washington National bank of Spokane to reorganize. The board of trade of San Diego, Cal., and the president of the suspended First National bank of that place request that that bank be allowed to resume business. The request will be considered when the examiner's report is in.
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THE BROKEN PACIFIC COAST BANKS. BAD MANAGEMENT IN SAN FRANCISCO-SIGNS OF IMPROVEMENT VISIBLE. San Francisco, June 24.-The Concrete opinion of the bankers of San Francisco is that the Pacific Bank was compelled to suspend payment because It made unwise Investments In securities from which it could not get out its money. and that the People's Home Savings Bank was compelled to suspend because it had not on hand coin enough to stand the run sure to follow the announcement of the suspension of the Pacific Bank, its business associate. In other words. the failure of the Pacific Bank was not more due to the present financial troubles than to fundamental weakness in Its management. The flurry seems to have passed in this city, and no anxiety is felt that other banks will succumb. Bankers say they have ample funds to meet all demands. The run on the Union Savings Bank continues to-day, though with less excitement than yesterday. There was also a run on the Hibernia Bank to-day. Seattle, Wash., June 24.-A special from New Whateom says: Inability to realize on gilt-edge securities forced the Columbia National Bank to close its doors yesterday morning. Their assets are placed at $226,762. with liabilities not exceeding $100,000. Confidence is felt In the other banks and no further trouble Is expected. The Columbia Bank Is capitalized at $100,000. The Controller of the Currency has been advised and will take charge of the affairs of both the Columbia and the First National, which suspended yesterday. The cashier of the falled First National Bank says the assets are $428,000: liabilities, $110,000. San Bernardino. Cal., June 23.-The First National Bank closed its doors yesterday after undergoing a run for the last five days. Washington, June 24.-Controller Eckels this mornIng received a telegram from the San Bernardino Bank asking permission to reopen. He answered that he would consider the request when his examiner made Bank Examiner Lazaer, who is at Los report. Angeles, has been directed to take charge of the San Bernardino Bank. while Mr. Wightman, the examiner "ii San Francisco. will relleve bim at the first named place. Bank Examiner Clarey, of Tacoma, has been directed to go to New-Whatcom. Application has been received by Controller Eckels from all the banks in Spokane requesting him to allow the Washington National Bank of Spokane to reorganize. The Board of Trade of San Diego, Cal., and the president of the dispended First National Bank of that place, have requested that the bank be allowed to resume busttress. The request will be considered when the exuniner's report Is in. Los Angeles, Cal., June 24.-The East Side Bank opened Its doors this morning. This 13 the first of the closed banks to resume. A feeling of confidence has returned. The other banks will open on Monday, except the City Bank, which is in the hands of a recelver.
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Washington National bank of Spokane to reorganize. The board of trade of San Diego, Cal., and the president of the suspended First National bank of that place, have requested that the bank be allowed to resume business. These requests will be considered when the reports are in.
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Banks Resume Business. W ASHINGTON, D. C., July 6.-The comptroller of the currency is informed that the First National Bank of Los Angeles, California, and the Southern California Bank, of the same place, which suspended recently, will open their doors for business again within a few days. The comptroller is informed that the First National Bank of San Diego, California, which reopened for business yesterday, received deposits to the amount of $250,000 as against withdrawals to the amount of $8,000. This is regarded as an evidence of returning confidence. The Washington National Bank of Spokane reopened for business this morning.
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"Cut of the Hole." SPOKANE, Wash., July 7.-The Washington National bank, which suspended several weeks ago, has resumed. It can meet all liabilities.
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Banks Reopening. Washington, July 6.-The comptroller of the currency is informed that the First National bank of Los Angeles, Cal., and the Southern Caluoria bank of the same place which suspended recently will open their doors for business again within a few days. Comptroller Eckels is adopting precautions in all cases wher suspended banks apply for permission to resume to make sure the banks are put on an absolutely sound basis before the request is granted, in order to guard against a second suspension within a short time. The comptroller is informed that the First National bank of San Diego, Cali., which opened for business yesterday received deposits to the amount of $25,000 against withdrawals to the amount of $8000. This is regarded as evidepea of returning confidence. / The Washington National binne of Spokane reopened for business this morning.
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NORTHWEST NEWS. WASHINGTON. Tacoma has expended $30,000 on the improvement of Point Defiance Park. annual convention of the school Sunday The eighth Association of Washingtoo state will begin tomorrow at Cnautanqua Beach, Vason island, and last three days. John and George Robinson and John Livingston, indicted for the murder of two farmers in Snohourish county, will be tried at the September term of the superior court. Fire at Skyhomish destroyed Davis store & McDevitt's O'Leary Campbell's general merchantdise restaurant, Cline & Babcock's restaurant a a aaloon, and William Snell's barber shop. All will rebuild. H. D. Willis, of Walla Walla, has disposed of his irrigation ditch plant to O. A. for the and Barney right-of-way $20,000, water-right which includes deeds. Mr. Barney bas associated with him several farmers residing along the proposed line of the ditch and a prominent capitalist of Tacoma. Work will be prosecuted at a rapid rate until the ditch is completed. Complaint having been made that unsafe and impure kerosene oil for domestic purposes is being sold throughout the state, the state board of health, at its semi-annual meeting at Tacoma July 6, looked into the matter and will endeavor to find out the exact quality oil now sold in state. The of tuberof the prevalence being glanders and the culosis was also discussed. George Digg, a regident of Sindnev, is in Providence hospital, Seattle, for treatment of an injury received July 4, by the discharge of a cannon' The sight of his eyes is almost gone and his face practically blackened with grains of which were It will be some it flesh. powder blown days before into the can be told whether or not his eyesight is permanently impaired. Digg is 39 years old and unmarried. A dozen pioneers of Whitman county met in the courthouse at Colfax, July 5. to a call and a of a pursuant inary organization pioneers' formed associa- prelimtion. James was temporary Captain president Ewart and W. B. elected Renshaw secretary. It was resolved that 1876 be the dividing line between pioand tenderfeet. On August 5 anwill neers other meeting be held to effect permanent organization. Tac ma shingle dealers and manufacturers estimate that over half of the mills of the state are now closed, and that more will shortly close. It is estimated that the combined mills of the state have a daily output of approximately 16,000,000 shingles per day. At present the majority of the dealers and manufacturers here do not admit that there IS over an average of 5,000,000 shingles manufactured daily in this state, The Washington National bank at which weeks resumed ago, Spokane, July suspended 6. At several ten o'clock, the doors were of reached a when depositors opened, half block. the crowd The reached window and to prevent a two first together men the teller's wrangle two tellers took their money simultane ously. The bank remained opened during the usual hours and only paid out $2100. The receipts were $35,000 greater than that amount. The opening of the bank has done much to restore confidence in business circles. In clearing a new street at Silverton a peculiar growth was found that well illustrates the lasting qualities of the wonderful ced that grows in this state. A large cedar log six feet in diameter lay on the ground, while a hemlock had grown over and around it, completely the log. since the is enveloping grown up ceder The fell, Lemlock and it had about 150 years old. The ceder was in a wonderful state of preservation and from it were as as if had been esthe shakes tree split just felled. good It is timated that the cedar is at least 400 years old. The townships which will be surveyed by J. T. Roberts, of Spokane, include all the settlements of ranchers in Spring coulee and Salmon river valley, a part of Johnson creek and the towns of Conconully and Ruby. In the language of
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kined Sadie Fisher at Bird's Points, him Mo., and because she refused to marry then shot himself fatally. Washington national bank at Spokane THE which suspended several weeks ago has resumed. said that conductors and railroad engiIT was on the Queen & Crescent goods had neers robbed the company of valued at American $40,000 Bankers' association THE convene in Chicago September will in the oil town of McDonald, Pa., FIRE destroyed ten buildings, causing loss of $100,000. were 324 business failures reTHERE in the United States during In the the ported days ended on the 7th. and durseven preceding there were 234, 1892 the ing week the corresponding time in number was robbers 190. near Palestine, Express Tex., TRAIN $500 from the Pacific secured company and overlooked $25,000. DURING the week ended on in the the 7th leading clearing houses exchanges United States reported to $1,051,402,382, As against comamounting $986,117,887 with the the previous corresponding week. week of pared the increase was 2.6. in 1892 total available stock of wheat than last the THE country is 100 per cent. more year. were seventy-four people dead, 100 THERE five more to die, and over that at least a result of the cyclone south of injured as start at Quimby, Ia., The made ended at was immense, many and Cherokee, its loss and Pomeroy. perproperty homeless and destitute, for aid. sons were issued an appeal the governor a drunken fight at Bud Woodbine, Smith DURING Marshal Morrissy, and four and Ky., Jim City Francis were killed others were wounded. was CARROLL, a miller, while GEORGE at Terre Haute, Ind., young drowned trying to save the life of his nephew. J. MILLER, the negro of charged Mary with SEAY the outrage and Bardwell, murder Ky., and Ruby Ray mob at and the body burned three after hanged being by a horribly mutilated. injured, probably EIGHT persons fatally, during were a fire in Chicago in the Lincoln hotel. trade shows situation a A perceptible REVIEW of improvement the in tone in business circles. wife and four children D., by D. S. butchered KRIEDER, at Cando, N. of were Baumberger, a nephew was the Krieder. Albert A dispute over wages supposed cause. RILEY & SON, leather $200,000. dealPATRICK Newark, N. J., failed for of Stutters at Arkansas State bank and THE the Arkansas Farmers open gart, traders' and bank of Dewitt failed to their doors. banks throughout the months counNATIONAL during the last two nearly $7, increased try have their circulation Tren000,000. THE N. Somerset J., closed county its doors, bank with at liabil ton, ites of over $100,000. clubs baseball THE percentages league of the for the week follows: in the on National the 8th were .627; as BrookPhiladelphia, ended .661; Boston, .566; Pittsburgh, 466; lyn, 576; Cleveland, .483; Baltimore. 550; Cincinnati. .458; St. Louis, .448; Wash- Louisington, New York, .410; Chicago, .407; ville, .327. rainstorm flooded Wis.. several and A SEVERE in Dane county, resulted. small great damage towns to property on the Philadelphia FREIGHT trains collided near Braddock Johnsonburg, and Pa., & Erie and road Engineer William Hall John were terribly killed and inFireman four other trainmen were jured. and windstorm near extent Rocky of ford, A HAIL Col., did damage to the $100,000. HOFF, a pioneer of an attempt Duluth, NELS killed J. himself after upon Minn., his wife's York life. & New Haven cars rail- and THE lost New sixty-four freight New Haven, road property by fire $100,000. at baby other the loss being and her Conn., MRS. burned JACOB to LOHNES death by an explosion were of kerosene at Pekin, Ill. shot and killed in ALBERT LEWIS Lewis was fatally the wounded Yandell and climax Charles of a feud with Ky. family the at Princeton, electric and rainstorm which visA HEAVY Middlesborough, Ky., perch in species a ited of fish of the the sun town. was shower precipitated and on daughter of Henry at THE wife, son killed by the cars Ganns were Richmond. Ind. Lieut. crossing in Falcon, with THE steamer board, sailed their from Portland, Peary and Me., party for on Greenland on the arctic expedition. at Lesueur, Minn.. Mich., THE bank at Big Rapids, Northern the Citizens' national doors. bank at Winneconne, Wis., and shut their and Joseph Bishop were cap JOHN LYONS Stoneboro, Pa., by the sizing drowned of at their gale boat. on the lake at upset Chicago and DURING a Chesapeake was William the yacht Chase, of Boston; of ChiMiss Ethel Harvey Marlow, Athens, Cornish cago, and and T. drowned. Thambelus, of near cutting Wauseon, her O., throat killed and then shot Greece, FRANK were BAYES, a farmer his young living wife him. by
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Banks Resuming Business. The comptroller of the currency is informed that the First National Bank of Los Angeles, California, and the Southern California bank of the same place, which suspended recently, will open their doors for business again with. in a few days. Comptroller Eckels Is adopting precantions in all cases where suspended banks apply for permission to resume. to make sure that the banks are put on an absolutely sound basis before the request is granted. is order to guard against a second suspension within a abort time. The First National Bank of San Diego. CalIfornia, which reopened for business on the 5th received deposits to the amount of $25,000 as against withdrawals to the amount of 88,000. This is regarded as an evidence of returning confidence. The Wafhington National Bank of Spokane Falls reopened for business Thursday morning.
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It is to be observed that in twenty-one States and Territories there have been no !ailures of National banks, viz: In Alaska, Arizona. Arkansas, Connecticut. Delaware, District of Columbia, Idabo, Indian Territory, Louisiana, Maine, Maryland, Massachusetts, Minnesota, Nevada, New-Jersey, Pennsylvania. Rhode Island, South Carolina, Vermont, Virginia and West Virginia. It is further worthy of note that no National banks have failed in Boston, Brooklyn, Philadelphia, Pittsburg, Baltimore, Washington, Buffalo, Cincinnati. St. Louis, New-Orleans, San Francisco, Minneapolis, St. Pan! and numbers of other great commercial centres: and that but one has closed in New-York, two in Chicago. and one In Milwankee. The cause of the failures in NewYork and Chicago was due largely to mismanagement, as were numbers of others. Local scares have caused many of late to suspend. Nine of the banks failed were robbed by officials who are now under arrest. The following National banks have been authorIzed by the Controller of the Currency to resume business: Gate City National Bank, Atlanta, Ga.: First National Bank. Los Angeles, Cal.: First National Bank, San Diego, Cal.: First National Bank, Santa Ana, Cal.: First National Bank, San Bernardino, Cal.: Southern California National Bank, Los Angeles, Cal.: Merchants' National Bank. Fort Worth, Tex.: Second National Bank, Ashland, Ky.: Capital National Bank, Indianapolis.: First National Bank, Palouse City, Wash.: Washington National Bank, Spokane Falls, Wash.: National Bank of Commerce. Provo City, Utab: First National Bank. Cisco, Texas: Missouri National Bank, Kansas City, Mo. Many more will reopen, as the majority of those recently failed are absolutely solvent, and only closed through an unwarranted lack of confidence in them, causing disastrous runs. Resume: Number now in operation, 3,785: number failed since January 1, 1893. 105; number reopened, 14: number In hands of receivers, 33: number In hands of Bank Examiners, with application to Controller for resumption, 58.
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11--4277, Washington National bank, Spokane Falls, Wash. 12-4486, National Bank of Commerce, Provo City, Utah. 13-4134, First National bank, Cisco, Tex. 14-4494, Missouri National bank, Kansas City, Mo. Many more will reopen, as the majority of those recently failed are absolutely solvent and only closed through an un- warranted lack of confidence in them, causing disastrous runs. To resume: Number now in operation, 3785; number failed since January 1, 1893, 105; number reopened, 14; number in hands of receiver, 33; number in hands of bank examiners with application to comptroller for resumption, 58.
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The receivers of the Northern Pacific railroad have ordered the following economies: Salaries from $1200 to $5000 to be reduced 10 per cent; salaries from $5000 to $10,000 to be reduced 15 per cent, and salaries above $10,000 to be reduced 25 per cent. It was stated at the treasury department at Washington Saturday that Assistant Secretary Hamlin, while in Massachusetts, will visit President Cleveland, and on his return to Washington a number of important appointments will be announced. A disastrous fire swept through Fairfield, Wash., Wednesday morning, and over a dozen of the principal business houses are in ruins, and nearly the entire main business center of the town is a pile of smoking ashes. The loss is about $40,000. In response to his inquiry, Governor Pennoyer has received letters from nearly all the members of the legislature and as a majority oppose the calling of a special session for the passing of a stay law the governor will probably not call a special session. W. W. Ogilvie, the milling king of Canada, estimates the yield of wheat in Manitoba and the Northwest this year at about twenty bushels per acre, or a total yield of 19,000,000 bushels. The quality of the crop, he says, is the best ever grown in the Northwest. Three attempts at train wrecking were made by unknown persons near Fairfield, California, early Sunday morning. A terrible wreck and great lose of life and property was only avoided by the fact that it was a clear night and the trains were running at a slow speed. A New York dispatch says: There is an impression in banking circles that the market, so far as time loans and mercantile paper is concerned, will ease up shortly. The premium on currency varies considerably, some brokers quoting it at 1½ per cent and others at 3. The Washington National bank of Spokane has begun five suits against some of its stockholders to recover $20,000. Henry A. Tilton, its former president, is included in all suits and it is claimed that the money is due for money borrowed from the bank before it failed. An Asbury Park dispatch says: Vice-President Stevenson is to be the next speaker at the national service in the Asbury Park auditorium. Mr. Stevenson has promised to bring speaker Crisp with him. The latter will also deliver an address, possibly on the financial situation. Robert J. Knox, the American who was sentenced to five years' imprisonment in the City of Mexico a short time ago for swindling a local jeweler out of $12,000 of jewelry, has been granted a new trial. He has influential friends in the United States who are working in his behalf. Moses La More, a laborer, committed suicide at Monte Cristo, Wash. Thursday, by shooting himself through the heart with a 44-calibre revolver. He left the following note: "To my dear wife and children: Do not bother about me. Bury me close by. I am no use to you any more." Convict Williams, No. 474 in the penitentiary at Walla Walla, is missing. While engaged in watching the fires under the brick kilns he walked away without the guards detecting his escape. The country is being scoured in all directions but up to the present writing no clue has been discovered. Vice-Admiral Holtman, secretary of state for naval affairs for Germany, is said to have obtained the approval of Dr. Miquel and several other ministers for his plan of spending 40,000,000 marks.