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NATIONAL BANK CLOSED. Washington, Dec. 12.-The Farmers & Drovers' National bank of Waynesburg, Pa., was closed today by the controller of the currency, and Examiner John B. Cunningham has been appointed receiver. The assets and liabilities are $2,367,474.
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From Washington. (Correspondence of the Alexandria Gazette.) Washington, Dec. 12. A tentative agreement has been reach ed by House leaders on the ship subsidy bill It will be taken up by the House committee on merchant marine and fisheries tomorrow. when, it is expected, 8 favorable report will be made. The basis of agreement is on the extension of subvention only to Oriental and South American lines. No vessels will be eligible to bounty except those carrying mails. About sixteen lines will receive assistsuree. The miuumum expenditure per year on account of the subsidy is estimated at $1,860,000 and the maximum amount at $3,220,000. President Roosevelt told a delegation of railroad stockholders, today, that there is very slim chance of any subridy bill for Alaskan lines passing Congress this session. The Farmers and Drovers' National Bank of Waynesburg, Pa, , was closed today by direction of the Comptroller of the Currency, and National Bank Examiner John B. Cunningham has been appointed receiver. This bank has been in an unsatisfactory condition for sometime. The following nominations were sent to the Senate today: To be ambassadors Heary White, of Phode Island, to France; Lloyd C. Griscom, of Penney!vania, to Italy: John W. Riddle, of Mianesota, to Russia; and Irving B. Dadley, of California, to Crazil. To be minister: Leslie Coomba, of Kentucky, to Peru. President Rocsevelt told Senators Aldrich and Spooner this morning that Postmaster General Cortelven will succeed Secretary Shaw at the head of the Treasury Department on March 4. The Senators called at the Waite House to learn just when the change was to take place 10 order to straighten out the case which worried the executive session of the Senate vesterday. When the Presi. deut - ent Mr. Cortelyou's nomination to the Senate he said he was to take the
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BANK IS CLOSED. Aged Institution of Waynesburg. Pa., in Hands of Receiver. Washington, Dec. 12.-The Farmers and Drovers' National Bank of Waynesburg, Pt, was closed today by direc. tion of the Comptroller of the Currency and National Bank Examiner John B. Cunningham has been appointed receiver and the assets and liabilities are $2,367,474. A statement issued by the Comptroller of the currency says that the bank has been in an unsatisfactory condition for some time/ and that its lawful money reserve has been continuously deficient, notwithstanding repeated admonitions and an official notice to make it good. Waynesburg, Pa., Dec. 12.-The Farmers and Drovers' National Bank, which was closed today by the Comptroller of the Currency, is said to be the oldest national bank west of the Allegheny mountains. It is backed by wealthy men and the Comptroller's order occasioned no excitement.
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CLOSED BY CONTROLLER. Bank at if Taynesburg, Penn., in an Unsatisfactory Condition. Washington. Dec. 12 e-The Farmers and Drovers' National Bank of Waynesburg, P 1. was closed to-day by direction of the Controller of the Currency, and John B. Cunningham, national bank examiner. has been appointed receiver. The assets and liabilities are $2,367,474. A statement issued by the Controller of the Currency says that the bank has been in an unsatisfactory condition for some time and that its lawful money reserve has been continuously deficient, notwithstanding repeated admonitions and an official notice to make it good The statement says: Its liabilities for rediscounts have largely exceeded the amount of its capital stock, in violation of law and in disregard of the Controller's repeated instructions to reduce such liabilities to lawful limits The examiner has discovered that these rediscounts are several hundred thousand dollars greater than the amount shown by its books and reports to the Controller. The books and sworn reports of condition have been found by the examiner to be so falsified as to be wholly unreliable. Its checks and drafts have been recently dishonored, and the general condition of the bank is such as to warrant an assumption of insolvency and to justify the Controller in closing its doors, pending a thorough examination into its affairs as the only means of determining its liabilities and true condition. Waynesburg Penn., Dec 12.-The Farmers and Drovers' National Bank, which was closed to-day, is said to be the oldest national bank west of Alleghany Mountains. It was backed by the wealthiest men of Greene County, and chiefly for this reason the Controller's order occasioned no excitement
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National Bank Closed. Washington.-The Farmers' and Drovers' National bank of Waynesburg, Pa., was closed Wednesday by direction of the comptroller of the currency and Bank Examiner J. B. Cunningham has been appointed receiver
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WARRANTS OUT FOR BANKERS. Waynesburg Financiers with Political Ambitions to Be Arrested. Pittsburg, Dec. 16.-Warrants were issued here to-night for certain officials of the failed Farmers and Drovers' National Bank of Waynesburg, the oldest national bank west of the Allegheny Mountains, and to-morrow a United States deputy marshal will go to Waynesburg to serve them. It is said at least two, and probably more, bank officials will be arrested for juggling the money of the bank. It is said that the shortage will run from $400,000 to $700,000. The bank became involved in the last two political campaigns. D. S. Walton, the president, aspired to the senate, and was elected at the last election, while J. B. Rhinehart, the vice president and cashier, has long been desirious of becoming the Republican county leader. It is said that the bank spent $150,000 in the fight for State treasurer.
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Bank Closed by Controller. The Farmers' and Drovers' National Bank, of Waynesburg, Pa., was closed by direction of the Controller of the Currency, and John B. Cunningham, National Bank Examiner, has been appointed receiver. The assets and liabilities are $2,367,474.
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MISCELLANEOUS. Former United States Senator Arthur Brown, of Utah, who was shot in his apartments at the Hotel Raleigh, Washington, by Mrs. Anna M. Bradley, of Salt Lake City, died at the Emergency hospital. President Roosevelt was criticised in caustic terms by Senator Rayner, of Maryland, for his threat to use force to open San Francisco schools to the Japanese. The clergy of Paris issued special appeals to their parishioners to be present at the churches at the first mass celebrated outside the pale of the law. The government purposes to proceed gently. The divorce. case brought by Augustus Hartje, millionaire paper manufacturer, of Pittsburg, was decided in favor of Mrs. Hartje. The children remain with their mother. Hartje must pay all the court costs. It is reported in Honolulu, and denied in Washington, that two regiments of Japanese, completely officered, are in Honolulu disguised as laborers. The vegetable canning factory of J. P. Polk & Co. at Greenwood, Ind., burned down, the loss being $220,000. Former Postmaster Gilbert Meeks, of Nichols. Ga., was sentenced to one year imprisonment and to pay a fine of $2,068 for embezzlement. The jury in the case of S. E. Howell, president of the Omaha Coal Exchange, charged in company with the 79 other members with maintaining a trust, in violation of the state law, returned a verdict of guilty. The Farmers' and Drovers' National bank, of Waynesburg, Pa., was closed by direction of the comptroller of the currency, and National Bank Examiner John B. Cunningham has been appointed receiver. The assets and liabilities are $2,367,474. Six armed men held up the International bank at Petersburg, Russia, and escaped with $14,500. Representatives of the orthodox and reformed Hebrew congregations of New York joined in a protest before the committee on elementary schools against the observance of Christmas festivities in the public schools. Samuel Dodd, president of the International Silver company, whose principal office is in Meriden, Conn., died very suddenly at his home of valvular disease of the heart. Two men were killed and several injured in a railway wreck at Danville, Va. By the recent closing down of factories at Lodz, Poland, 30,000 persons are without food: Laborers during the past few days have killed five nationtlists end wounded 15. Jefferson Hanks, of Colorado Springs, Col., 13 years old, accidentally shot and killed his 14-year-old cousin. The five-year-old daughter of Mr. and Mrs. Peter Lemay, of Spalding, Mich., was burned to death while playing around a fire. Ferdinand Brunetiere, French Academician and writer is dead. He was born in 1849. Johnny and Ibapah, Indian boys convicted of the murder of Fred Foreman, a white man at Montello, Nev., on December 27, 1905, were executed in the penitentiary at Carson. The entire Colorado river has found a channel around the Hind dam and is flowing back into Salton Sink. The $200,000 chapter house of the Chi Psi fraternity at Cornell university burned down and four students and three townsmen perished in the Marines
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line years imprisonment sentence and imposed by was the at Denver 0 of $1,500 federal court Dr. James a in Robert President Judge Eggleston, the son E. Lewis of Express on company. EgglesD. the Pacific counterfeiting and I wbo ton, making of was convicted photographic of negatives Chicago of a $10 bill. the Jesse Clyde robbed the and the Rock boy who on November November 25 8, both and train limited on pleaded guilty Island Glasgow, Mo., 20 years in the penithe Cummings and best tentiary. near was The sentenced to Commission largest com- Paul business. pany, known one brokerage of suspended houses in St. of and Minneapolis, Fairfield Osborn, was secertary of New Prof. York, Henry who a of few the days Smithsonian ago regents, has Institution elected informed by accept the the regents board the office. that he will Arbe unable to States Senator shot thur Former Brown, United of Utah, at the who Hotel was Raleigh, Brad- in of Salt his apartments Mrs. Anna M. at the Washington, by Lake City, died Emergency ley, President terms hospital. Roosevelt by Senator threat was criticised Rayner, to use force to open of in caustic Maryland, for San his Francisco schools to The the Japanese. clergy of Paris parishioners issued special to be the law. present appeals at to the their churches outside the at the pale first of to mass celebrated The government purposes Au proceed divorce gently. case brought paper by manThe Hartje, millionaire was decided custus of Pittsburg, The children remain the court ufacturer, in favor of with Mrs. their Hartje. mother. costs. Hartje demust pay reported all in Honolulu, two and regiIt is Washington, completely that officered, nied ments in are of Japanese, in Honolulu disguised as of .aborers. J. The P. Polk vegetable & Co. the at canning loss Greenwood. being factory $220,000. Meeks. Ind., burned Former down, Postmaster centenced Gilbert to one of Nichols, Ga., was and to pay a fine year imprisonment embezzlement. E. How of The $2,068 jury for in of the the case Omaha of S. Coal with the Exell, president charged in company with maintaining 79 change, other members violation of the state law, a trust, in verdict of guilty. Nationreturned The Farmers' a Waynesburg, and Drovers' Pa., was al bank, direction of of the National comptroller Bank closed the by currency, and Cunningham has appointed of Examiner John receiver. B. The assets Internabeen liabilities are $2,367,474 the and Six armed men at Petersburg, held up Russia, tional bank with $14,500. and and reformed Representatives escaped Hebrew of in congregations the a protest orthodox schools before of New committee York joined on elementary of Christmas the against the observance the public schools former restivities Curzon, in of Kedleston, be the next viceroy Lord of India, will to not America, Lady acBritish to ambassador a statement made the by Earl of cording Curzon's brother-in-law, In Suffolk. Samuel Dodd, president company, of the whose Silver Meriden, Conn., ternational principal office is in at his home of very guddenly heart. died disease of the One valvular hundred and twenty wanted additional in the American teachers the are next school received year, Philippines for cablegram from according Manila to by a the bureau of insular affairs. Christmas boxes and parcels serving for the in enlisted waters men of will the be navy delivered with- in Cuban if they are addressed out charge cost of the depot quartermaster. Newport News, Va. of sister Infanta Maria Teresa, who was The Alfonso, of Spain, Prince and FerdiKing married January 12 to birth to a son. Bavaria, gave pastor nand of Royner S. Paddington, Methodist Dr. the Herkimer street of heart failof Brooklyn, died 25 years he church, 70 years. For M. E. was ure, aged a member of the Detroit conference. merchants and business pleas Fourteen of East St. Louis. entered the men, to charges of violating were ined. of llinois uilty child labor laws, and Masterson and two were editors ar"Bat' New York Telegraph criminal sonof the charges of reports rested on court because of the in that tempt of the of Gillette trial printed paper. g. Kearns, who was Bend, captured Kan., Joseph robbing a Great confessed to after broad daylight, National bank in robbed the Midland 3. having at Newton, Kan., November to have 1913. bank San Francisco proposes The Pacific give a world's Exposition fair in company plans to Ocean mammoth hundredth fair anniversary to commemorate of Bal- the the four of the Pacific ocean Panama by discovery boa and the completion of the canal. Matt Priestly one of the county su-
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DEPOSITS ARE MISSING. Lincoln Bank Failure at Chicago a Secret Because Owner Refuses to Talk. CHICAGO, Ill., Dec. 18.-Judge Landis of the United States district court today granted the petition of the receiver appointed yesterday for the Lincoln bank at Morton Park, of which William J. Atkinson was the proprietor. for an examination of Atkinson with a view to locating the assets of the institution. The attorneys for the receivers says only $350 in cash has been found in the bank although it is known that much more than this had been deposited Saturday. Atkinson refused to make any statements. Others estimate the deposits at about $90,000, all made by poor people. PITTSBURG, Pa., Dec. 18.-National Bank Examiner Cunningham, who is investigating the defunct Farmers and Drovers' National bank of Waynesbur;, Pa., says the minute book of the institution is missing and that it was "lost, strayed or stolen." It contains the names of the bondsmen. He added that the further he went into the bank's affairs the worse he found them.
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NEWS FROM WASHINGTON. The United States armored cruiser Montana was successfully launched at the Newport News (Va.) shipyard Saturday in the presence of a large number of people. The vessel was christened by Miss Minnie Conrad, daughter of W. G. Conrad of Montana. The president has sent a special message to congress treating solely of Porto Rican affairs. He recommends full American citizenship for residents of the island, but would not grant them complete self-government at present. President Roosevelt has announced his intention to withdraw his simplified spelling order to the public printer and hereafter all documents from the executive departments will again be printed in the old fashioned style. President Roosevelt has announced his intention of taking vigorous steps to put a stop to the movement which has seemed to be dragging him against his will into another race as leader of the Republican party. The Farmers and Drovers' National bank of Waynesburg, Pa., has been closed by direction of the comptroller of the currency. The assets and liabilities are $2,367,474. Secretary Shaw has announced that he will deposit $10,000,000 in depository banks and that he will buy $10,000,000 in bends of 1907.
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MISCELLANEOUS Former United States Senator Arthur Brown, of Utah, who was shot in his apartments at the Hotel Raleigh, Washington, by Mrs. Anna M. Bradley, of Salt Lake City, died at the Emergency hospital. President Roosevelt was criticised in caustic terms by Senator Rayner, of Maryland, for his threat to use force to open San Francisco schools to the Japanese. The clergy of Paris issued special appeals to their parishioners to be present at the churches at the first mass celebrated outside the pale of the law. The government purposes to proceed gently. The divorce case brought by Augustus Hartje, millionaire paper manufacturer, of Pittsburg, was decided in favor of Mrs. Hartje. The children remain with their mother. Hartje must pay all the court costs. It is reported in Honolulu, and denied in Washington, that two regiments of Japanese, completely officered, are in Honolulu disguised as laborers. The vegetable canning factory of J. P. Polk & Co. at Greenwood, Ind., burned down, the loss being $220,000. Former Postmaster Gilbert Meeks, of Nichols, Ga., was sentenced to one year imprisonment and to pay a fine of $2,068 for embezzlement. The jury in the case of S. E. Howell, president of the Omaha Coal Exchange, charged in company with the 79 other members with maintaining a trust, in violation of the state law, returned a verdict of guilty. The Farmers' and Drovers' National bank, of Waynesburg, Pa., was closed by direction of the comptroller of the currency, and National Bank Examiner John B. Cunningham has been appointed receiver. The assets and liabilities are $2,367,474. Six armed men held up the International bank at Petersburg, Russia, and escaped with $14,500. Representatives of the orthodox and reformed Hebrew congregations of Wew York joined in a protest before the committee on elementary schools against the observance of Christmas festivities in the public schools. Samuel Dodd, president of the International Silver company, whose principal office is in Meriden, Conn., died very suddenly at his home of valvular disease of the heart. Two men were killed and several injured in a railway wreck at Danville. Va. By the recent closing down of factories at Lodz, Poland, 30,000 persons are without food. Laborers during the past few days have killed five nationtlists end wounded 15. Jefferson Hanks, of Colorado Springs, Col., 13 years old, accidentally shot and killed his 14-year-old cousin. The five-year-old daughter of Mr. and Mrs. Peter Lemay, of Spalding, Mich., was burned to death while playing around a fire.
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SEVEN PROMINENT RESIDENTS FACE ARREST TODAY ON CHARGES OF FORGERY. DUPES OF THE CASHIER Who Has Been Discovered to Have Embezzled Huge Sums From Waynesburg, Pa. Institution -Depositors in Riot. Pittsburg, Pa., Dec. 25.-There was no Christmas joy in the little town of Waynesburg, Penn. In fear the resi lents await the dawn of Wednesday morning, when, it is asserted, seven women, members of prominent families in Greene county ,will be arreste.1 for forgery in connection with the failure of the Farmers' and Drovers' National bank. the oldest national bank west of the Atlegheny Mouna tains, which closed its doors week ago by order of Comptroller of be Currency William B. Ridgley These seven women, among tro most respected in the community were selected for their positions by Cashier Rinehart for the purpose of strengthening* the bank. all of them being members of old and wealthy families and with large and influen in connections. All were sacrificed 3 Rinehart in his mad desire to conrol the social, political and financial fairs of Greene county United State Bank Examiner Cun lagham states that he is prepared to urn over to Special Agent Reeves, of he Department of Justice. that all of re 5 the guilty effect these evidence women of forgery, although they o :amittel the forgeries without any riminal intent Women Apparently Duped. Special sent Reeves will arrive j Vaynesburg Wednesday morning om Washington, The charges will e filed. it is expected. with United tates Commissioner Lindley in Pitts urg. The accused the names of harged. omineat signed women, it in many business men of Waynes notes aggregating 1 would give a urg ashier to Rinehart $1,000,000. them lank note and instruct them to it It sign the name of some S ent and promi- fill man. He would explain that the di erson whose name was to be a note which was about al and to signed mare, wanted to give new paper. in their ignor banking laws and be ice clerks. of apparent practices. d as bidden and now they will have face criminal charges, n Mrs. Rinchart, wife of the cashier Of doing everything in her to wrongs committed her ght sband. the power by ju Today she sent word to Ex that her hu $125,000 was at his disminer sal tune Cunningham of entire for the benefit of such been caught in the bank This fortune ho the have has persons crash been W massed by Mrs. Rinehart in business ansactions and represents her busi he 88 efforts of a life time. Mrs. Rinehart declares she to save the tything seven will women do ho are to be arrested. For years she is known them intimately, and was as schoolgh1 with their mothers bee them. Jo Cashier's Wife Frantic. te by 7 the wife of the cashier knew noth : of the true conditions of her husnd's bank. and even yet can hardly Heve that the events of the last ek are real. She is I had nough to pay erybody "I wish frantic. money who lost in the bank," belared "I ve 's. Rinehart dollar today. will every I possess in an efSt it to protect these unfortunate heart breaks for us. 10 My the women perworked in the bank. I know they have been to arrest them be ver ime. could and guilty will of any readful. The wohle affair is a te: pr le nightmare to me." or The Rinehart residence. valued at R 00,000. was one of the finest pieces of which Rinehart deeded kn property to Receiver er Canningnam. Folled in the'r efforts to So is at a sacrifice in little goods get price Christ with > money they still possess th aynesburg victims of the wreck CO is noon gave vent to their feelings DI r the first time since the failure. an result that for an hour h Hot the waged fully in the main street of the for wn. the Rinehart was a partner in many of H . business houses of the town. and CI y he had co to the bank ha= of ed : news property his that surrendered fright- all partners. It is expected that Ev will make effort as er merchants rid an and go: of their stocks. the br era! authorities are on the br behart followed Cla by T. Lee wa ecking $ That used R Cashier the Clark alert. meth- in the Enterprise bank of Alleny. by re hypotherating
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WAYNESBURG'S WRECKED BANK. Net Liabilities May Reach $1,500,000 -Forged Notes Among the Assets. PITTSBURG, Dec. 29.-There were more sensational developments at Waynesburg to-day in connection with the failure of the Farmers and Drovers' National Bank, among which was the appointment of a receiver for Rinehart's tin plate mill, which is known under the name of the W. H. Griffiths Company. To-day it was authoritatively asserted that rediscounted notes, for which the farmers and drovers' bank at Waynesburg is liable, now amount to $1,250,000, of which it is positively asserted that $500,000 worth are forgeries. From all indications the liabilities of the bank will be $1,500,000 in excess of the assets. The name of Barney Grossman, a clothier of Waynesburg and an intimate friend of Cashier Rinehart, is signed to notes for $350,000, and he denies that all the signatures are genuine. Many notes, the signatures of which have been verified, are worthless, the signer at no time having sufficient funds to meet the paper. Judge Holt made Sheriff John J. Koebert permanent receiver for Rueben H. Goldberg & Co. to-day. Attorney Trimble, representing Examiner Cunningham, declared that Goldberg was indebted to the bank to the extent of $44,000 on notes and that Rinehart was a partner in the firm. Judge Holt also appointed Harry B. George temporary receiver for the W. E. Griffiths Company, tin plate manufacturers of Waynesburg, of which Rinehart is the largest stockholder. The company owes the bank $82,000. Its plant cost $25,000 and it has outstanding bills to the amount of $12,000.
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BUSINESS FAILURES Jan. 14-Parsons, Snyder & Co., Cleveland, O.; liabilities, $150,000. 18-G. S. McReynolds & Co., Chicago; liabilities, $400.000. Feb. 8.-Boliver County Bank, Cleveland, Miss.; liabilities, $110,000; assets, $130,000. 15-Bank of America, Chicago, placed in receiver's hands. 26-Cash Buyers' Union, Chicago, placed in receiver's hands Williamson Libbey Lumber Co., Oshkosh, Wis.; liabilities, $500,000. Mar. 1-Southern Bank & Trust Co., Ft. Smith, Ark., owing depositors $80,000. 2-Walsh, president defunct Chicago National bank, arrested on charge of falsifying reports. 27-National Business College, Quincy, Ill., assigns; liabilities, $30,000; assets, $100,000. 29-North Freedom (Wis.) bank closed by examiner. Apr. 2-Teis, Smith & Co., bankers, Pekin, Ill.; liabilities, $100,000. 24-First National bank. Attalla, Ala., closed by national bank examiner. May 2-Delmont national bank, Delmont, Pa., closed Receiver for American Reserve Bond Co., St. Louis, appointed. 28-Joplin (Mo.) Savings bank closed by state officials. Jun. 18-Farmers' State bank of Clearfield, Ia., closed by state bank examiner. 30-White, Dunham Shoe Co., of Brockton and Boston, failed; liabilities, $400,000. Aug. 6-Milwaukee Ave. State bank, Chicago, closed by state bank examiner; liabilities, $4,000,000. 8-F. E. Coyne, ex-postmaster, Chicago, failed in bakery and luncheon business. 16-Garfield Park bank of Chicago closed as result of collapse of Milwaukee Ave. State bank. 28-Real Estate Trust Co., of Philadelphia, suspends business; liabilities, $7,000,000. Sep. 20-Bates National bank, of Butler, Mo., closed by directors. 29-Private bank at Middleport, O., closed. Nearly all deposits of $115,000 gone. Nov. 15-Bank of Beckwith & Co., at Evanston, Wyo., closed owing to financial troubles. 30-Three banks conducted by C. v. Chandler at Macomb, Colchester and Bardolph, III., closed for lack of ready cash. Dec. 1--Bank of Kiowa, I. T., closed on account of slow collections and inability to realize on assets. 12-Farmers' and Drovers' National bank of Waynesburg, Pa, closed by comptroller of currency. 13-Cummings Commi on Co., one of largest brokerage how es in northwest, suspends. 17-Lincoln bank of Morton Park, suburb of Chicago, fails.
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BRIBE FOR U. S. OFFICIAL TO QUIT BANK EXPOSE? Rinehart Said to Have Offered Exam. iner Cunningham Presidency at $10,000 a Year. Waynesburg, Pa., Jan. 3.-The latest sensation in the affairs of the suspended Farmers' & Drovers' National bank was the announcement that a few days after the bank was closed J. B. F. Rinehart, its ruling spirit, of fered John B. Cunningham, federal examiner, the presidency at $10,000 a year, Rinehart to be restored as cashier and vice president. Rinehart, it is said, told Cunningham that if he would let up on the exposures affairs could be smoothed over quietly and business resumed again within a week. One thing that precipitated the trouble in the bank was the recent reduction of the state's deposit from $125,000 to $75,000. Bank officials expected an increase. A steel lock box in the vaults of the bank is causing speculation. Rinehart refuses to open it. even at the request of Receiver Cunningham, who threatened to break into it. It is said to contain insurance policies for $200,000.
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BUSINESS FAILURES Jan. 14-Parsons, Snyder & Co., Cleveland, O.; liabilities, $150,000. 18-G. S. McReynolds & Co., Chicago; liabilities, $400.000. Feb. 8.-Boliver County Bank, Cleveland, Miss.; liabilities, $110.000; assets, $130,000. 15-Bank of America, Chicago, placed in receiver's hands. 26-Cash Buyers' Union, Chicago, placed in receiver's hands Williamson Libbey Lumber Co., Oshkosh, Wis.; liabilities, $500,000. Mar. 1-Southern Bank & Trust Co., Ft. Smith, Ark., owing depositors $80,000. 2-Walsh, president defunct Chicago National bank, arrested on charge of falsifying reports. 27-National Business College, Quincy, Ill., assigns; liabilities, $30,000; assets, $100,000. 29-North Freedom (Wis.) bank closed by examiner. Apr. 2-Teis, Smith & Co., bankers, Pekin, III.; liabilities, $100,000. 24-First National bank, Attalla, Ala., closed by national bank examiner. May 2-Delmont national bank, Delmont, Pa., closed Receiver for American Reserve Bond Co., St. Louis, appointed. 28-Joplin (Mo.) Savings bank closed by state officials. Jun. 18-Farmers' State bank of Clearfield, Ia., closed by state bank examiner. 30-White, Dunham Shoe Co., of Brockton and Boston, failed; liabilities, $400,000. Aug. 6-Milwaukee Ave. State bank, Chicago, closed by state bank examiner; liabilities, $4,000,000. 8-F. E. Coyne, ex-postmaster, Chicago, failed in bakery and luncheon business. 16-Garfield Park bank of Chicago closed as result of collapse of Milwaukee Ave. State bank. 28-Real Estate Trust Co., of Philadelphia, suspends business; liabilities, $7,000,000. Sep. 20-Bates National bank, of Butler, Mo., closed by directors. 29-Private bank at Middleport, O., closed. Nearly all deposits of $115,000 gone. Nov. 15-Bank of Beckwith & Co., at Evanston, Wyo., closed owing to financial troubles. 30-Three banks conducted by C. v. Chandler at Macomb, Colchester and Bardolph, Ill., closed for lack of ready cash. Dec. 1-Bank of Kiowa, I. T., closed on account of slow collections and inability to realize on assets. 12-Farmers' and Drovers' National bank of Waynesburg, Pa., Crosea NJ comptroller of currency. 13-Cummings Commission Co., one of largest brokerage houses in northwest, suspends. 17-Lincoln bank of Morton Park, suburb of Chicago, fails.
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BUSINESS FAILURES Jan. 14-Parsons, Snyder & Co., Cleveland, O.; liabilities, $150,000. 18-G. S. McReynolds & Co., Chicago; liabilities, $400.000. Feb. 8.-Boliver County Bank, Cleveland, Miss.; liabilities, $110,000; assets, $130,000. 15-Bank of America, Chicago, placed in receiver's hands. 26-Cash Buyers' Union, Chicago, placed in receiver's hands Williamson Libbey Lumber Co., Oshkosh, Wis.; liabilities, $500,000. Mar. 1-Southern Bank & Trust Co., Ft. Smith, Ark., owing depositors $80,000. 2-Walsh, president defunct Chicago National bank, arrested on charge of falstfying reports. 27-National Business College, Quincy, Ill., assigns; liabilities, $30,000; assets, $100,000. 29-North Freedom (Wis.) bank closed by examiner. Apr. 2-Teis, Smith & Co., bankers, Pekin, III.; liabilities, $100,000. May 2-Delmont national bank, Delmont, Pa., closed Receiver for American Reserve Bond Co., St. Louis, appointed. Jun. 18-Farmers' State bank of Clearfield, Ia., closed by state bank examiner. Aug. 6-Milwaukee Ave. State bank, Chicago, closed by state bank examiner; liabilities, $4,000,000. 8-F. E. Coyne, ex-postmaster, Chicago, failed in bakery and luncheon business. 16-Garfield Park bank of Chicago closed as result of collapse of Milwaukee Ave. State bank. 28-Real Estate Trust Co., of Philadelphia, suspends business; liabilities, $7,000,000. Sep. 20-Bates National bank, of Butler, Mo., closed by directors. 29-Private bank at Middleport, O., closed. Nearly all deposits of $115,000 gone. Nov. 15-Bank of Beckwith & Co., at Evanston, Wyo., closed owing to financial troubles. 30-Three banks conducted by C. v. Chandler at Macomb, Colchester and Bardolph, Ill., closed for lack of ready cash. Dec. 1-Bank of Kiowa, I. T., closed on account of slow collections and inability to realize on assets. 12-Farmers' and Drovers' National bank of Waynesburg, Pa., closed by comptroller of currency. 13-Cummings Commission Co., one of largest brokerage houses in northwest, suspends. 17-Lincoln bank of Morton Park, susurb of Chicago, fails.
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BUSINESS FAILURES Jan. 14-Parsons, Snyder & Co., Cleveland, O.; liabilities, $150,000. 18-G. S. McReynolds & Co., Chicago; liabilities, $400.000. Feb. 8.-Boliver County Bank, Cleveland, Miss.; liabilities, $110,000; assets, $130,000. 15-Bank of America, Chicago, placed in receiver's hands. 26-Cash Buyers' Union, Chicago, placed in receiver's hands Williamson Libbey Lumber Co., Oshkosh, Wis.; liabilities, $500,000. Mar. 1-Southern Bank & Trust Co., Ft. Smith, Ark., owing depositors $80,000. 2-Walsh, president defunct Chicago National bank, arrested on charge of falsifying reports. 27-National Business College, Quincy, Ill., assigns; liabilities, $30,000; assets, $100,000. 29-North Freedom (Wis.) bank closed by examiner. Apr. 2-Teis, Smith & Co., bankers, Pekin, Ill.; liabilities, $100,000. May 2-Delmont national bank, Delmont, Pa., closed Receiver for American Reserve Bond Co., St. Louis, appointed. Jun. 18-Farmers' State bank of Clearfield, Ia., closed by state bank examiner. Aug. 6-Milwaukee Ave. State bank, Chicago, closed by state bank examiner; liabilities, $4,000,000. 8-F. E. Coyne, ex-postmaster, Chicago, failed in bakery and luncheon business. 16-Garfield Park bank of Chicago closed as result of collapse of Milwaukee Ave. State bank. 28-Real Estate Trust Co., of Philadelphia, suspends business; liabilities, $7,000,000. Sep. 20-Bates National bank, of Butler, Mo., closed by directors. 29-Private bank at Middleport, O., closed. Nearly all deposits of $115,000 gone. Nov. 15-Bank of Beckwith & Co., at Evanston, Wyo., closed owing to financial troubles. 30-Three banks conducted by C. V. Chandler at Macomb, Colchester and Bardolph, Ill., closed for lack of ready cash. Dec. 1-Bank of Kiowa, I. T., closed on account of slow collections and inability to realize on assets. 12-Farmers' and Drovers' National bank of Waynesburg, Pa., closed by comptroller of currency. 13-Cummings Commission Co., one of largest brokerage houses in northwest, suspends. 17-Lincoln bank of Morton Park, susurb of Chicago, fails.
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GUARDSWOMAN'S NOTE WITH LIFE BANK CASHIER DEFIES LAW TO PREVENT OPENING OF LET. TER TO HIM. RECEIVER DEMANDS KEY To Open Cast Steel Box Which Holds the Mysterious Epistle Which is Thought to Figure in the Bank's Recent Crash. Waynesburg, Pa., Jan. 25.-A my terious cast-steel box, doubly locked, and within it a letter, that letter being from a woman. is a featura which has entered into the case of the Farmers' and Drovers' National bank of Waynesburg, which is now in the hands of a receiver. The key to the box is in the hands of former Cashier J. B. F. Rinehart, who is defying the United State authorities, saying that none but his own eyes shall rest upon that letter, an I he refuses to open that box unless guaranteed that he will be al lowed to take the letter without any questions being asked. In the steel box there are also some other papers, some policies of insurance, which the bank cashier wants.
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WAYNESBURG, Pa., Sept. 10.The following letter to. the depositors of the defunct Farmers and Drovers National Bank of Waynesburg, with the subjoined agreement for them to detach. sign and return. has been mailed to all the depositors of the institution by Receiver Strawn at the request of the directors: WAYNESBURG. Pa.. Sept. 5, 1907. To the depositors in the Farmers and Drovers National Bank of Waynesburg. Pa.: The earnest effort now being made to reopen the Farmers and Drovers National Bank depends for its success on the bank's getting 3 year or more time to pay its depositors. This bank, like every other bank, has the principal part of its assets in notes, many of which cannot be collected at once. If collection is enforced on a large scale the loss will be great.
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Will be Assessed 100 Per Cent. Washington, Pa., Oct. 28.-Efforts to reopen the Farmers and Drovers' national bank, of Waynesburg, Pa., which failed last December, have been abandoned. This announcement has been made by Receiver John H. Strawn. Outstanding obligations of the bank amounting to $200,000 are to be met by an assessment of 100 per cent upon all stockholders, which has been ordered by Comptroller of the Currency Ridgeley. W. J. F. Rinehart, whose operations are said to have caused the failure, was indicted in Pittsburg Saturday by the federal grand jury on numerous counts of abstraction and false entries.
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BANK STOCKHOLDERS HELD FOR THEIR FULL LIABILITY WASHINGTON, Pa., Oct. 28.-Despite all efforts made with a view to reopening the Farmers and Drovers' National Bank, at Waynesburg, which falled last December, it is now definitely announced by the receiver that the institution will not resume business. The bank's outstanding obligations of $200,000 are to be met by an assessment of 100 per cent on the stockholders.
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# NEWS SUMMARY Joseph Ford was shot and killed by J. L. Hutchinson at Tracy, Cal., in a row over a game of cards. The provision in the army appropriation bill increasing the pay of privates and non-commissioned officers has been stricken out. Prince Ferdinand of Bulgaria and Elenonore Caroline Gasparine Louise, Princess of Reuss, were married at Coburg, Germany, on the 28th. Three men were killed and a fourth mortally wounded in a battle with revolvers following a quarrel in a lumber camp near Evelyn, Ky. A mother and her three children were burned to death and several persons were injured by a fire in the district inhabited by foreigners in Pittsburg. The Reading, Pa., plant of the American Iron and Steel company, has resumed operations after two months' idleness, and 1,000 men are again at work. Cadido Garcia, a wealthy stock grower, was shot and almost instantly killed from ambush near Clayton, N. M., and a neighbor is charged with the crime. Justice Day, in the New York supreme court, set aside the verdict of a jury and fined twelve jurymen $50 each for deciding the verdict by the flip of a coin. Nunzio Nasi, the former minister of public instruction of Italy, has been sentenced to a term of imprisonment on the charge of embezzlement from the state treasury. The vault of the First State bank of Clear Lake, Minn., was blown early on the morning of the 28th. The cracksmen secured $3,000 in currency and escaped on a handcar. Dal Hawkins, now confined in the Tucson, Arizona, jail, has confessed to killing Albert Leonhart, a carpenter, on December 22, whose murder has been a complete mystery. Discussing the recent financial crisis in the senate, Senator Nelson said that it was not due so much to the scarcity of money as to the difficulty in keeping money in circulation. The senate has confirmed the nominations of Louis A. Coolidge of Massachusetts, to be assistant secretary of the treasury; and Charles P. Grandfield of Missouri, to be first assistant postmaster general. Conductor L. D. Cook of the Rio Grande, Yaqui & Pacific railroad, reports that Yaquis killed three Mexican members of his train crew, but spared himself and the engineer because they were Americans. The indictments against Judge Peter S. Grosscup of the United States court and four other directors of an electric railway, of Chicago, charging manslaughter, because of an accident last August, have been quashed. The Women's Municipal league of New York City is investigating dishwater. It has been suggested that an organized effort to purify dishwater in New York's hotels and restaurants will be of great value to the city. From present indications it is estimated that there will be about fifty United States warships of the various classes assembled in the San Francisco bay with the arrival of Rear Admiral Evans' fleet early in May. Whether or not a republic is soon to supplant the monarchy in Portugal, it is practically the unanimous opinion in Lisbon that the near future will witness a violent struggle in which the life of the monarchy may be at stake. Receiver Strawn of the defunct Farmers & Drovers' National bank of Waynesburg, Pa., has notified the former directors of the bank that they will have to contribute the sum of $1,500,000 as a result of the failure of the bank. An opinion, written by Judge Gantt, was handed down by the supreme court of Missouri last week, holding that the law creating the court of general sessions in the city of St. Louis is unconstitutional and the court is invalid and void. J. P. Morgan sailed for Europe on the 26th. The fact that Mr. Morgan regards the financial situation as sufficiently cleared to permit him to go abroad was interpreted as a favorable indication in Wall street and in banking circles generally. Three children of Mrs. W. A. Davis were burned to death in a fire which destroyed their home in Santa Rosa, N. M. It is supposed the fire was started by explosion of a gasoline stove while Mrs. Davis was calling upon a sick neighbor. William Jones and his wife, Irene Jones, have been sentenced to the penitentiary for the kidnaping of Lillian Wulff, an eight-year-old Chicago girl, last December. The man was given a thirty-year term and the woman twenty-five years. All the railroads doing business in