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Savings Bank Suspends. TACOMA, Wash., June 29.-The Union Trust and Savings Bank suspended to-day, and the court appointed Charles Rinehardson as receiver. No statement has yet been filed. It is stated that the cause of the trouble is a recent decision of the State Supreme Court invalidating $500,000 worth of city warrants, of which the bank holds $250,000 worth.
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A Broken Bank TACOMA, June 29.-The Union Trust and Savings Bank suspended this morning. Charles Richardson was appointed receiver by the court. No statement has yet been filed. The failure is attributed to the recent decision of the Supreme Court invalidating half a million dollars' worth of city warrants, of which the bank held one-half.
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NEWS IN A NUTSHELL. The Keystone National bank of Erie, Pa., has suspended. The Union Trust and Savings bank at Tacoma has suspended. Queen Victoria has invited all the tolonial troops to a luncheon parade at Windsor castle next Friday. The 15th annual encampment of the Vermont division, Sons of Veterans, opened at Lyndonville last night. The corner stone of the Church of Our Savior at Middleboro, Mass., was laid yesterday in the presence of many people. After years of ironclad agreement to maintain prices, the Boston bicycle pool has been at last broken, and prices are being cut. The Dominion parliament was prorogued last night by Lord Aberdeen, governor general. There was but a small attendance of members. Mrs. John B. Varick of Manchester has been reappointed as a member for five years of the New Hampshire state board of charities and corrections. Miss Helen Woodruff Smith, only daughter of Commodore James D. Smith, formerly president of the New York Stock Exchange, was married aboard the Viking, at Larchmont, Conn., yesterday to Homer S. Cummings, Yale '91. With a view to securing the admission of Montreal into the circuit of the Eastern League of Baseball clubs, the Montreal Baseball association has been formed with a capital of $10,000. The intention is to buy out the Wilkesbarre franchise. Cyrus A. Worthy, night depot master for the Boston and Albany company at Springfield, Mass., for the past 25 years, died last evening. He was a well-known character among railroad men, among whom he was highly respected. He was born at Stockbridge, Mass., Sept. 28, 1821, and with the exception of about six years has been in the employ of the Boston and Albany since 1843. The first counterfeit of the new design of silver certificates has reached the secret service bureau at Washington. It is of the $5 denomination. and bears :heck letter B, plate No. 4. It is a photolithographic proruction and is printed upon two pieces of paper, between which silk fibre has been dispributed, then pasted together. Much DR the work on the note is blurred and ndistinet.
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TACOMA, June 29.-The Union Savings Bank and Trust Company closed its doors this morning and several hours later went into the hands of a receiver as a direct result of the recent Supreme Court decision deciding a large amount of city warrants to be illegal. Judge Williamson appointed Attorney Charles Richardson to take charge of the assets of the concern. The bank was organized in February, 1891, with the late General J. Sprague as President. Chester Thorne is VicePresident and A. B. Nicol, Cashier, the latter having been the active manager of the bank since it began business. The capital stock is $100,000. The local deposits are small, the bank having been engaged chiefly in the purchase of securities of cities, counties, towns and school districts through the Northwest. It owns $155,000 of Tacoma general fund warrants and $18,000 of city hall funds warrants, the validity of which is thrown into question by the Supreme Court decision handed down Friday. These warrants were purchased at par for cash through City Treasurer George Boggs, who took the bank's money, paid city employes to whom the warrants were issued, stamped the warrants not paid for lack of funds and turned them over to the bank. This method was used in order to get the warrants in blocks of $10,000 each, though the bank might have purchased them direct from the city's employes and in that event have avoided the complications now arising. The Supreme Court decided that Treasurer Boggs having once paid the warrants they passed into the bank's possession as re-issued and invalid warrants. The bank will now ask for a rehearing in the Supreme Court and will also sue the city for moneys had and received. It owns securities issued by over twenty cities nor counties in Washington and with the exception of these warrants has had no trouble regarding them. In view of the Supreme Court's decision, a receivership was considered advisable to protect all interests. Cashier Nicol says taht every depositor will be paid in full when the warrants are relized upon as he has no doubt they will be eventually and that the stockholders should receive the full value of their stock. No statement of assets and liabilities has been made.
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A BANK IN THE NORTHWEST GOES UNDER. FORCED TO THE WALL BY THE RECENT DECISION OF THE SUPREME COURT. Tacoma, Wash. June 30.-The Union Savings Bank and Trust Company has closed its doors and gone into the hands of a receiver as a direct result of the recent Supreme Court decision declaring a large amount of city warrants to be illegal. Judge Williamson appointed Charles Richardson to take charge. The bank was organized in February, 1891, with the late General William Sprague as president: Chester Thorne, vice-president, and A. R Nichols cashier. The capital stock is $100,000. The local deposits are small, the bank: having been engaged chiefly in the purchase of securities of cities counties, towns and school districts throughout the Northwest It owns $15,000 of Tacoma general fund warrants and $18,000 of City Hall fund warrants, the validity of which is thrown into question by the Supreme Court decision handed down Friday The bank will now ask for a rehearing in the Supreme Court, and will also sue the city for moneys paid for the warrants Cashier Nichols says every depositor will be paid in full when the warrants are realized on. He says the stockholders should receive the full value of their stock.
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Bought Bad City Warrauts Tacoma, Wash., June 30.-The Union Savings Bank and Trust company has closed its doors and gone into the hands of a receiver as a direct result of the recent supreme court decision declaring a large amount of city warrants illegal. Judge Williamson appointed Attorney Charles Richardson to take charge of the concern. The capital stock was $100,000. Loeal deposits are small, the bank having been engaged chiefly in the purchase of securities of cities, counties. towns and school districts of the northwest.
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A Tacoma Bank Suspends. Tacoma, Wash., June 29.-The Union Trust and Savings bank suspended today and the court appointed Charles Richardson as receiver. No statement has yet been filed. It is stated that the cause of the trouble is a recent decision of the state supreme court, invalidating half a million dollars worth of city warrants, of which the bank holds $250,000.
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TACOMA BANK SUSPENDS. Tacoma, Wash., July 1.-The]Union Savings Bank and Trust Company has closed its doors and gone into the hands of a receiver, as a direct result of the recent supreme court decision declaring a large amount of city warrants to be illegal. Judge Williamson appointed Charles Richardson to take charge of the company.
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Court Decision the Cause. Tacoma, Wash., June 30.-The Union Trust and Savings bank has suspended and the court appointed Charles Rinehardson as receiver. No statement has yet been filed. It is stated that the cause of the trouble is a recent decision of the state supreme court invalidating $500,000 worth of city warrants, of which the bank holds $250,000 worth.
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brought about a deadly shooting affray at a pienie near Vaneeburg, Ky., in which two persons were killed and many others were wounded. Four masked men made a desperate attempt to rob the Butte county bank at Belle Fourche, S. D., but only secured $75. Cramps seized five persons who were bathing in various sections of Chicago and all were drowned. Passenger trains collided near Vandalla, III., killing R. T. Sherman and W. P. Coon, of Indianapolis, Ind., and fatally injuring Samuel Parkinson, of Columbus, O., and Frank Owens, of Terre Haute, Ind. The boiler of a thrashing machine engine exploded at Adair, Ga., killing three men instantly and fatally wounding four others. I The steamer St. Louis broke the ocean record between New York and Southampton, her time being 6 days 10 hours and 45 minutes. The Keystone national bank at Erie, Pa., by a unanimous vote of the directors, decided to close its doors. The depositors will be paid in full. Arthur Gardiner, of Chicago, broke the world's mile bicycle handicap record in Springfield, Ill., going the distance in 2:05 1-5. The Union trust and savings bank at Tacoma, Wash., went into the hands of a receiver. The house of George Copeland was struck by lightning at Cadillae, Mich., and his wife and sister and her little child were instantly killed. Robert J. Powley was electrocuted in the Auburn (N. Y.) prison for the murder of his wife. The reports as to the condition of the crops throughout the country were all favorable. Three hundred Bannock Indians broke away from the Fort Hall reservation in Idaho, and the settlers were greatly alarmed. The University of Illinois at Champaign has decided to admit women to the medical college. T. M. Cleveland and his wife, of Washington, were killed and four other persons were injured in a runaway accident near Dover, N. J. The Clinton Lithographing company of Chicago failed for $104,000. A severe downpour, amounting almost to a cloudburst, carried away many bridges and in some cases wiped out roads near Waupaca, Wis. Thus far over 500,000 - persons have visited the exposition at Nashville, Tenn., and the success of the enterprise is assured. Two sections of a Christian Endeavor excursion train on the Northwestern road collided at West Chicago, Ill., and four persons were killed and 15 others were injured. Enemies of Leon Olchofski blew up his block of buildings in South Scranton, Pa., with dynamite, and 20 other houses had all the windows blown out and plaster torn from the walls. Several persons were badly injured, O1chofski probably fatally. "Schweinfurth," the so-called "Messiah" of Rockford, Ill., has purchased land in Benton county, Ark., where he will establish one of his "heavens." The Grand View, the leading hotel at Tallulah Falls, a well-known Georgia summer resort, was burned. The grain dealers' national convention met at Des Moines, Ia. The republican members of the senate committee on judiciary have practically agreed upon an amendment to the tariff bill making it an offense punishable by fine and imprisonment for any person or corporation to monopolize or conspire with any other person or corporation to monopolize trade in any article protected by the tariff bill. The proposed boxing match between Fitzsimmons and Sullivan in Brooklyn, N. Y., on July 5 has been prohibited by the police. Secretary of Agriculture Wilson has decided that officials of the government must obey the orders of courts whether they are engaged when summoned
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NEWS IN BRIEF. Colorado brokers are greatly alarmed over the proposed tax on stock sales, because it would bear heavily on cheap mining stock transactions. John W. Thompson. United States marshal of West Virginia, was compelled by injunction under civil service law to reappoint the old Democratic force of deputies. President Gates of Amherst college is to resign. Twelve thousand Belgium coal miners are on a strike. Union Trust and Savings bank, Tacoma, Wash., suspended. The New York jury that tried the tobacco trust couldn't agree. The Hawaiian reciprocity provision has been restored to the tariff bill. Helen Keller, deaf. dumb and blind, passed in advanced German for Radcliffe college. National Republican headquarters have been moved from Washington to Cleveland. James Arnold, a Butte, Mont., mining man, was done up for $6,900 in a faro game in Chicago. W. M. McFarland, ex-secretary of state of Iowa, is accused of making employes divide their salaries with him. George Copeland's wife and his sister and her child were killed by lightning at Cadillac, and S. Bandine's 10-yearold daugnter was killed at Howard City, Mich. Mail Clerk R. T. Sherman and Baggagemaster W. P. Coon, both of Indianapolis, were killed in a Christian Endeavor train wreck on the Vandalia, and Mail Clerk Samuel Parkinson and Fireman Frank Owens fatally injured. W. J. Calboun has declined the position of comptroller of the treasury. Oil has been struck at a depth of 1,400 feet in a well at Tishomingo, I. T. The Bank of Osage Mission. Kan., will go into voluntary liquidation. It has a capital of $5,000. The Western Door company. a door, sash and blind trust organized last week, has collapsed. The cash in the treasury is classified as follows: Gold, $178,076,656: silver, $520,793,922; paper, $153,349,826. Alvin Dillway, son of the president of the Mechanic's National bank, of Boston, Mass., killed himself with poison in that city yesterday because he had been expelled from West Point. Mrs. John McClelland was struck and instantly killed by lightning near Starfield, Mo., during a heavy rain and thunder storm. All streams in that vicinity are rising and trains are delayed. Samuel Barnum was appointed receiver of the Topeka Belt Railway company. There is a mortgage of $500,000 on the road, and several weeks ago a force of men tore up the tracks in the night. James Wilder, wife and two children, emigrants, supposed to be from Benton county, Mo., were burned to death in a cabin near Rochester, Ky. They had stopped in the cabin for a few day's rest from traveling. Four masked bandits entered a bank at Belle Fourche, S. D., shot off the cashier's right ear, took all the cash in sight and escaped. A posse gave chase and captured them. Chinese allowed to enter to take part in the Nashville exposition are said to be distributing themselves in other cities. Republican members of the Senate judiciary committee have agreed upon a compromise anti-trust amendment to the tariff bill. The invalidating of $500,000 of Tacoma, Wash., bonds, which were fraudulently issued, caused the failure of the Union Trust and Savings bank of that city. Enemies of Leon Olehafski of Seranton, Pa., blew up his home with dynamite. He is severely injured. Mrs. Julia Maffitt, the wealthiest woman in St. Louis, is dying at the age of 81. White parasites are destroying the grasshoppers which threatened destruction to crops in South Dakota. Judge Charles Ford of Nevada is charged with bigamy. He is 75 years old. "Messiah" Schweinfrrth bobs up'in Arkansas, where he is going to establish a "Heaven."
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NEWS BOILED DOWN. Turkey still demands Thessaly. General Rivera is critically sick. Russia's population is 129,211,113. Amount of public debt $946,656,036. Montana now has an anti-gambling law. There is much disease among the Spanish troops. Miss Mary Straub, hymn composer, is dead in Chicago. Galatz, Roumania, reports many lives lost by high water. The government took in $13,500,000 more than it paid out in June. Standard '98 wheels will be $75, as all '96 $100 wheels are now. Louis Gillot, a New Orleane bank wrecker, was given eight years in the penitentiary. Five Minnesota Indians were loilled by imbibing pain killer and hair oil. Sullivan and Fitzsimmons will L.St be allowed to spar at Ambrose Park, N. Y. Bryan in an interview at Laramie, Wyo,, praised the course of Chio Democrats. The president is said to have decided to entirely reform the civil service commission. James Burgen and wife were beaten to death in bed by burglars near Bentonville, Ark. Internal Revenue Collector Welborn of the San Francisco district has been removed'for crooked work. Japan hrs decided to withdraw her minister to America, as she feels insulted over the Hawaii business. Captain General Weyler refuses to set any time for the trials of the Com. petitor prisoners for various reasons. H. Russell Ward, an Englishman. has eloped from Los Angeles with Missionaire John Bradbury's young wife. A locomotive engine blew up at Mor gan Park, Chicago, fatally injuring Fireman John Latshaw and Engineer John Fogg. John Stephens family were poisoned at Belmont, Brown county, III. Only two tittle girls out of six people are left and they are very sick. John W. Thompson, United States marshal of West Virginia, was compelled by injunction under civil service law to reappoint the old Democratic force of deputies. President Gates of Amherst college is to resign. Twelve thousand Belgium coal miners are on a strike. Union Trust and Savings bank, Tacoma, Wash.. suspended. The New York jury that tried the tobacco trust couldn't agree. The Hawaiian reciprocity provision has been restored to the tariff bill. Helen Keller, deaf. dumb and blind, passed in advanced German for Radcliffe college. National Republican headquarters have been moved from Washington to Cleveland. James Arnold, a Butte, Mont., mining man, was done up for $6,900 in a faro game in Chicago. W. M. McFarland, ex-secretary of state of Iowa, is accused of making employes divide their salaries with him. George Copeland's wife and his sister and her child were killed by lightning at Cadillac, and S. Bandine's 10-yearold daughter was killed at Howard City, Mich. Mail Clerk R. T. Sherman and Baggagemaster W. P. Coon, both of Indianapolis, were killed in a Christian Endeavor train wreck on the Vandalia, and Mail Clerk Samuel Parkin. son and Fireman Frank Owens fatally injured. W. J. Calhoun has declined the position of comptroller of the treasury. Oil has been struck at a depth of 1,400 feet in a well at Tishomingo, I.T. The Bank of Osage Mission. Kan., will go into voluntary liquidation. It has a capital of $5,000. The Western Door company, a door, sash and blind trust organized last week, has collapsed. The cash in the treasury is classified as follows: Gold, $178,076,836; silver, $520,793,922; paper, $153,349,826. Alvin Dillway, son of the president of the Mechanic's National bank, of Boston, Mass., killed himself with poison in that city yesterday because he had been expelled from West Point. Mrs. John McClelland was struck and instantly killed by lightning near Starfield, Mo., during a heavy rain and thunder storm. All streams in that vicinity are rising and trains are delayed. Samuel Barnum was appointed receiver of the Topeka Belt Railway company. There is a mortgage of $500,000 on the read, and several weeks ago a force of men tore up the tracks in the night. James Wilder, wife and two dren, emigrants, supposed to be from Benton county, Mo., were burned to death in a cabin near Rochester, Ky. They had stopped in the cabin for a few day's rest from travelino. The governor of Idaho has asked the war department for tro 8 to protect settlers from the Bannock Indians. Chinese allowed to enter to take part in the Nashville exposition are said to be distributing themselves in other cities. Republican members of the Senate judiciary committee have agreed upon a compromise anti-trust amendment to the tariff bill. The invalidating of $500,000 of Tacoma. Wash., bonds, which were fraudulently issued, caused the failure of the Union Trust and Savings bank of that city.
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NEWS IN BRIEF. Colorado brokers are greatly alarmed over the proposed tax on stock sales, because it would bear heavily on cheap mining stock transactions. John W. Thompson, United States marshal of West Virginia, was compelled by injunction under civil service law to reappoint the old Democratic force of deputies. President Gates of Amherst college is to resign. Twelve thousand Belgium coal miners are on a strike. Union Trust and Savings bank, Tacoma, Wash,, suspended. The New York jury that tried the tobacco trust couldn't agree. The Hawaiian reciprocity provision has been restored to the tariff bill. Helen Keller, deaf, dumb and blind, passed in advanced German for Radcliffe college. National Republican headquarters have been moved from Washington to Cleveland. James Arnold, a Butte, Mont., mining man, was done up for $6,900 in a faro game in Chicago. W. M. McFarland, ex-secretary of state of Iowa, is accused of making employes divide their salaries with him. George Copeland's wife and his sister and her child were killed by lightning at Cadillac, and S. Bandine's 10-yearold daughter was killed at Howard City, Mich. Mail Clerk R. T. Sherman and Baggagemaster W. P. Coon, both of Indianapolis, were killed in a Christian Endeavor train wreck on the Vandalia, and Mail Clerk Samuel Parkinson and Fireman Frank Owens fatally injured. W. J. Calhoun has declined the position of comptroller of the treasury. Oil has been struck at a depth of 1,400 feet in a well at Tishomingo, I. T. The Bank of Osage Mission, Kan., will go into voluntary liquidation. It has a capital of $5,000. The Western Door company, a door, sash and blind trust organized last week, has collapsed. The cash in the treasury is classified as follows: Gold, $178,076,656; silver, $520,793,922; paper, $153,349,826. Alvin Dillway,' son of the president of the Mechanic's National bank, of Boston, Mass., killed himself with poison in that city yesterday because he had been expelled from West Point. Mrs. John McClelland was struck and instantly killed by lightning near Starfield, Mo., during a heavy rain and thunder storm. All streams in that vicinity are rising and trains are delayed. Samuel Barnum was appointed receiver of the Topeka Belt Railway company. There is a mortgage of 500,000 on the road, and several weeks ago a force of men tore up the tracks in the night. James Wilder, wife and two children, emigrants, supposed to be from Benton county, Mo., were burned to death in a cabin near Rochester, Ky. They had stopped in the cabin for a few day's rest from traveling. Four masked bandits entered a bank at Belle Fourche, S. D., shot off the cashier's right ear, took all the cash in sight and escaped. A posse gave chase and captured them. Chinese allowed to enter to take part in the Nashville exposition are said to be distributing themselves in other cities. Republican members of the Senate judiciary committee have agreed upon a compromise anti-trust amendment to the tariff bill. The invalidating of $500,000 of Tacoma, Wash., bonds, which were fraudulently issued, caused the failure of the Union Trust and Savings bank of that city. Enemies of Leon Olchafski of Scranton, Pa., blew up his home with dynamite. He is severely injured. Mrs. Julia Maffitt, the wealthiest woman in St. Louis, is dying at the age of 81. White parasites are destroying the grasshoppers which threatened destruction to crops in South Dakota. Judge Charles Ford of Nevada is charged with bigamy. lie is 75 years old. "Messiah" Schweinfurth bobs up in Arkansas, where he is going to establish a "Heaven." Georgia
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NEWS BOILED DOWN. Turkey still demands Thessaly. General Rivera is critically sick. Russia's population is 129,211,113. Amount of public debt $956,656,036. Montana now has an anti-gambling law. There is much .disease among the Spanish troops. Miss Mary Straub, hymn composer, is dead in Chicago. Galatz, Roumania, reports many lives lost by high water. The government took in $13,500,000 more than it paid out in June. Standard '98 wheels will be $75, as all '96 $100 wheels are now. Louis Gillot, a New Orleans bank wrecker, was given eight years in the penitentiary. Five Minnesota Indians were killed by imbibing pain killer and hair oil. Sullivan and, Fitzsimmons will not be allowed to spar at Ambrose Park, N.Y. Bryan in an interview at Laramie, Wyo,, praised the course of Ohio Democrats. The president is said to have decided to entirely reform the civil service commission. James Burgen and wife were beaten to death in bed by burglars near Bentonville, Ark. Internal Revenue Collector Welborn of the San Francisco district has been removed for crooked work. Japan hrs decided to withdraw her minister to America, as she feels insulted over the Hawaii business. Captain General Weyler refuses to set any time for the trials of the Competitor prisoners for various reasons. H. Russell Ward, an Englishman. has eloped from Los Angeles with Missionaire John Bradbury's young wife. A locomotive engine blew up at Morgan Park. Chicago, fatally injuring Fireman John Latshaw and Engineer John Fogg. John Stephens family were poisoned at Belmont, Brown county, III. Only two tittle girls out of six people are left and they are very sick. John W. Thompson. United States marshal of West Virginia, was compelled by injunction under civil service law to reappoint the old Democratic force of deputies. President Gates of Amherst college is to resign. Twelve thousand Belgium coal miners are on a strike. Union Trust and Savings bank, Tacoma, Wash,, suspended. The New York jury that tried the tobacco trust couldn't agree. The Hawaiian reciprocity provision has been restored to the tariff bill. Helen Keller, deaf. dumb and blind, passed in advanced German for Radcliffe college. National Republican headquarters have been moved from Washington to Cleveland. James Arnold, a Butte, Mont., mining man, was done up for $6,900 in a faro game in Chicago. W. M. McFarland, ex-secretary of state of Iowa, is accused of making employes divide their salaries with him. George Copeland's wife and his sister and her child were killed by lightning at Cadillac, and S. Bandine's 10-yearold daughter was !-illed at Howard City, Mich. Mail Clerk R. T. Sherman and Baggagemaster W. P. Coon, both of Indianapolis, were killed in a Christian Endeavor train wreck on the Vandalia, and Mail Clerk Samuel Parkin. son and Fireman Frank Owens fatally injured. W. J. Calhoun has declined the position of comptroller of the treasury. Oil has been struck at a depth of 1,400 feet in a well at Tishomingo, I. T. The Bank of Osage Mission, Kan., will go into voluntary liquidation. It has a capital of $5,000. The Western Door company, a door, sash and blind trust organized last
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Personal. Senator Harper and wife are at the Stevens E. P. Y. Day, a Whatcom business man, is at the Butler. L L. Woodmansee, of Portland. is at the Brunswick. Ex-Judge Morris R. Sachs, of Port Townsend. is at the Butler. Dr. Conn. who has been In California for six weeks, has returned. George D. Schoffeld. a well-known Montesano lawyer, is a guest at the Stevens. G. V. Holt, a Vancouver. B. C., banker. with his wife, is a guest at the RainterGrand Mr. and Mrs. J. C. Stephens. of Vancouver, B. C., are at the Diller, en route for Portland. Thomas Anderson. of Dyea, and A. T. Wiggins of Lake Bennett, Alaska, are at the Diller, Charles Richardson. receiver of the Union Savings bank. of Tacoma, was in the city yesterday on business. Mr. and Mrs. W. R. Massey, of La Conher, are enjoying their honeymoon in the city, and are stopping at the Diller. E. M. Wilson. one of Fairhaven's most prominent citizens, is in the city for a few days. He is registered at the Brunswick. Mr. and Mrs. P. V. Caesar. well-known Tacoma people, are registered at the Ralnier-Grand. Mr. Caesar is president of the Metropolitan Savings bank Col. W. W. D. Turner, the well-known capitalist of Spokane, who has been in the city several days, left for Victoria last night, expecting to return to Seattle in a day or two, M. Howard Farley, of London England. registered yesterday at the Brunswick Mr. Farley comes to Seattle as the represents. five of an English mining syndicate, He will outfit here and then proceed as soon as possible to Dawson.
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TACOMA WARRANTS VALID. City Compelled to Pay a Total of Several Hundred Thousand Dollars. CHICAGO, Feb. 18.-A. R. Nicol, of Chicago, formerly cashier of the Union Savings Bank of Tacoma, received word today of the reversal by the supreme court of the state of Washington of a former decision affecting over $1,000,000 of Tacoma city warrants. The previous decision held that the warrants had been canceled and therefore, could not be paid, and, as the Union Savings bank held $250,000 of the warrants, it was compelled to suspend. The decision, according to Mr. Nicol, will compel the payment of the warrants, several hundred thousand dollars of which are held in Philadelphia, New York and other Eastern cities
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# Decision Affecting Warrants. CHICAGO, Feb. 18.-A. R. Nicol, of Chicago, formerly cashier of the Union Savings Bank, of Tacoma, Wash., received word to-day of the reversal by the Supreme Court of the State of Washington of a former decision affecting over $1,000,000 of Tacoma city warrants. The previous decision held that the warrants had been canceled, and therefore could not be paid, and as the Union Savings Bank held $250,000 of the warrants it was compelled to suspend. The decision, according to Mr. Nicol, will compel the payment of the warrants, several hundred thousand dollars of which are held in Philadelphia, New York and other Eastern cities.