Citizens National Bank (Hillsboro, OH)

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MORE WESTERN BANKS COLLAPSE

Chicago. June 9.-Joseph Higgins, owning a private bank at No. 34 Washington-st., and three corresponding Institutions in Illinois towns, made an as. signment to George W. Dixon. Assets are scheduled at $50,000, liabilities not estimated. Higgins operated banks at Mascoutah, Sorento, Gillespie and St. Ann. The assignment covers all. The depositors In these country banks became uneasy during the excitement In financial circles the past week and instituted a run on several banks. The attorneys who represent the assignee say that Higgins has enough assets to pay the liabilities several times over, and as soon as the financial situation is relieved he will probably be In a condition to resume business. August Jernberg and William B. Griffin, composing the banking firm of Jernberg. Griffin & Cb., made 1 voluntary assignment to-day to Edward Maher. The liabilities of the firm are $20,000. and the assets 824,000. Jernberg also conducted a real-estat bustness, and at the same time assigned this, placing his assets at $200,000 and his liabilities at $151,000. Hillsboro, Ohio, June -The Citizens' National Bank of this place has been closed by order of the Controller, and is now in the hands of the bank examiner.

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MORE BANK FAILURES

The Hudson Savings Bank Forced to Suspend-other Small Failures. HUDSON, WIS., June 9.-The Hudson Savings Bank closed its doors to-day, with the following notice: "Closed. Owing to stringency of the money market, we deem it best, in justice to our depositors, to suspend for the present. The bank has assets enough to cover all deposits." Nearly $700,000 was on deposit. The general belief is that the bank will find It difficult to renew business. The city funds were deposited in the bank. National Bank Closed. HILLBORO, O., June 9.-The Citizens' National Bank, of this place, has been closed by order of the Comptroller, and is now in the hands of the bank examiner. Other Business Failures. NEW ORLEANS, June 9.-The Louisiana Cypress Lumber Company went into the hands of a receiver yesterday, the cause being the depression of the money market. The assets are $300,000, and the indebtedness probably $200,000. Judge Billings appointed as receiver Pearl Willet, placing his bond at $50,000. An Alabama Bank Failure. FLORENCE, ALA., June 9.-The Tuscumbia (Ala.) Bank Company closed its doors this morning. The president is absent from the city. No statement will be given out until he returns. Refused to Reduce Assessment. WASHINGTON D. C., June 9.-A committee consisting of S. J. Keith, Hermann Justis, J. H. Thompson, J. H. File and J. B. Richardson, representing the Commercial National Bank of Nashville, Tenn., had a conference with Comptrolier Eckels to-day. He refused to reduce his assessment upon the stockholders of 100 per cent., but agreed to distribute its collection over a longer period than two weeks.

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FINANCIAL TROUBLES

The Record of Saturday's Bank Failures, Assignments, Etc. CORVALLIB, Ore., June 10.-The - private bank of Hamilton, Job & Co. failed to open its doors for business this morning. Job & Co. expect to pay the depositors in full as soon as their assets can be realized upon. There was no preceding distrust apparent, but a steady withdrawal of deposite on account of the prevailing financial stringency. The assets are $255,000, in money, notes, county securities and real estate. The liabilities are $255,000, of which $171,000 is deposits. General confidence is expressed that the concern will be able to resume business shortly. The First National bank kept its doors open till 6 o'clock. SIOUX CITY, Iowa, June 10.-The Union Stock Yards State bank filed an assignment this morning. Its assets are placed at $428,667; liabilities, at $163,140. The bank is capitalized at $300,000. The clearing-house committee which investigated the failure stated that it is due to loose methods of carrying on business and will not affect anybody else in the city. The deposits are less than $50,000 and there is no possibility of any loss to depositors. CINCINNATI, June 10.-The Citizens' National bank of Hillsboro was closed order of curA cousin today rency. by the of comptroller ex-Governor of Forof the bank, and J. J. a aker Pugeley, vice-president. is president late The member last of statement, congress, two months ago, showed: Capital stock, $100,000; surplus, $50,000; undived profite, $19,000; average deposits, $275,000. WILMINGTON, o., June 10.-Owing to the suspension of the Citizens' National bank of Hillaboro yeeterday the Lynchburg branch of the institution has been forced to suspend, but it is thought only temporarily. MINNEAPOLIS, June 10.-A statement of assets and liabilities of the Northwestern Guaranty Loan company was filed this afternoon. It shows general assets $5,262,515 and general liabilities $3,145,722.76. TOLEDO, O., June 10.-A.1 L. Backue & Sone company, a grain firm of this city, made a voluntary assignment today. The liabilities are estimated at $300,000, while the assets are not known, though it is claimed they will be sufficient to meet the indebtedness. NEW YORK, June 10.-Kuhn, Doerflinger & Co., diamond merchants, have made an assignment.

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THE NEWS IN PARAGRAPHS

Bank Examiner Belts was placed in charge of the failed Citizens National bank of Hillsboro, O. The skating rink at Yarmouth, N. S., was destroyed by fire. The loss is large. Insurance $3,000. Comptroller Eckels appointed David McClure of New York receiver of the Nation al Bank of Deposit of New York. Lieutenant Commander John P. Merrill, member of the steel inspection board, has been ordered to command the Vesuvius, relieving Lieutenant Seaton Schroeder, granted three months leave. The officials of the war department protest that the recent increase of the military force at Chicago had nothing to do with the closing of the World's fair, but there is reason to believe that trouble is anticipated. Vice President E. B. Thomas of the New York, Lake Erie and Western railroad denied that the company was behindhand in the payment of its men. The present management had never failed in making payments to employes. The United States marshal was notified by the Austrian consul of the desertion of a number of the cadets from the Austrian navy's school ship now in the port of New York. The consul asks for their arrest, and offers a reward of $10 for their cap. ture.

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MORE BANKS IN TROUBLE

One in Hillsboro, O., and One in Koslyn. Wash. SEATTLE. June 10.-A special despatch from Roslyn says that the Roslyn branch of Ben E. Snipes & Co.'s bank closed yesterday. and Cashier Abernethy posted on the door a card reading: "This bank and our bank at Ellensburg are temporarily suspended. Owing to the many other bank failures deposits have been steadily decreasing. and money is so scaree that it is impossible to realize on anything at present. No depositor will lose a dollar. as we have ample resources to cover all. We hope to resume in a short time." The Roslyn branch conducted a regular banking business. with the exception of making loans. The latter feature was handled exclusively by the main bank at Ellensburg. The deposits aggregate between $93,000 and $95. 000. mostly owned by miners. CINCINNATI. June 10.-The Citizens' National Bank of Hillsboro. O., is closed by order of Comptroller Eckels and placed in the hands of bank examiners. C. M. Overman 16 cousin of ex-Gov. Foraker. is President. The Hon. J. J. Pugsley. late member of Congress. is VicePresident. The bank's statem nt. made two months ago. showed: Capital. $100,000; surplus. $50,000; undivided profits. $19,000: average deposits. $275,000: circulation. $22,500. CHATTANOOGA. June 10.-J. R. Roid. a leading clothier. made an assignment yesterday. His liabilities are named as $70,000. with only $20,000 assets. DES MOINES. June 10.-State Auditor McCarthy received a telegram from Sioux City late this afternoon announcing the assignment of the Union Stock Yards State Bank to Howard Pierce for the benefit of creditors. The deposits aggregate $50.000. and it is claimed they will be paid. State Bank Examiner D. F. McCarthy has been sent to Sioux City.

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A Temporary Suspension

WILMINGTON, Ohio, June 10.-Owing to the suspension of the Citizens National bank of Hillsboro yesterday, the Lynching branch of the institution was forced to suspend but it is thought it will only be temporary.

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LOOSE BUSINESS METHODS Responsible for the Failure of a Sioux City Bank. SIOUX CITY, June 10.-The Union Stockyards State bank, E. W. Skerry president, and C. C. Pierce cashier, filed an assignment today. The assets of the bank are placed at $483,667; liabilities, $163,140. The bank is capitalized at $300,000. A committee which investigated the failure, states that it is due to loose methods of carrying on business and will not affect anybody else in the city. The deposits are less than $20,000 and there is no likelihood of any loss to depositors. Skerry and the two Pierces have been promoters of the Leads Electric railroad, and it is said the failure is due in large part to carrying that company's paper. Accounts on the bank had been overdrawn $34,194. The principal item of assets is $368,648, notes and bills discounted, the actual value of which is doubtful. WEST SUPERIOR, Wis., June 10.- 1 Four new attachments were Jevied against the Frank A. Lappen Furniture company this morning,aggregating $6,837.14. Two of them are Lappen notes and two legitimate claims for merchandise supplied the company in Superior. CINCINNATI, O., June 10.-The Citizen's National Bank of Hillsboro, Obio, is closed by order of Comptroller Eckels and placed in the hands of the bauk examiner. The bank's statement made two months ago showed capital, $100,000; surplus. $50,000: undivided profits, $19,000; average deposits, $225,000; eirculation, $22,000. NEW YORK, June 10.-George Doerflinger and Charles Kuehn Jr., composing the firm of Kuehn, Doerflinger & Co., dealers in diamonds and precious stones at 18 John street, today assigned, with a preference for $10.000 to the Quincy National Bank of Florida, for notes discounted. F. A. Phillips announced their failure at the Consolidated Exchange this morning.

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Carried Down by a Failure

WILMINGTON, O., June 10.-Owing to the suspension of the Citizens' National Bank of Hillsboro yesterday, the Lynchburg bank has been forced to suspend, but it is thought only temporary. It is considered to be all right, but is suspended until an investigation can be made. It has a capital of about $50,000.

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Lynchburg

(Ohio) Bank Suspends. WILMINGTON, Ohio, June 11.-Owing to the suspension of the Citizen's National Bank of Hillsboro, Friday, the Lynchburg Bank. a branch of that institution, has been forced to suspend. It has a capital of about $50,000,

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Forced to Suspend

WILMINGTON, O., June H.-Owing to the suspension of the Citizens' National bank of Hillsboro Friday the Lynchburg bank, a branch institution, has been forced to suspend.

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P Receiver for the Hillsborough Bank. The controller of the currency today appointed Mr. Robert M. Ditty receiver of the Citizens' National Bank of Hillsborough, Ohio. 1

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CONCERNING BUSINESS AND FINANCE

BOSTON, Mass., June 16.-Winkley, Dresser & Co., the Milk street stationers, assigned to-day to Francis Doane, a well-known stationer. The liabilities are $150,000, and the assets are somewhere in that neighborhood. The cause of the failure is tight money. BUFFALO, N. Y., June - The Genessee Oil Works, limited, have made a general assignment. The liabilities of the company are about $300,000. The cause of the assignment was the inability to meet several large notes when they became due, or to have them extended. Among the preferences are the First National Bank of Minersville, Pa., two notes for $5,000 and $4,000; the Hazleton Banking and Trust Company, of Paterson, Pa., $29,000. Washington, D. C., June 16.-Comptroller Eckels to-day appointed Robert M. Ditty receiver of the Citizens National Bank of Hillsboro, Ohio. NEW YORK, June 16.-The run on the Irving Savings institution ceased yesterday afternoon. During the three days which the run on the bank continued, $194,000 was withdrawn. The withdrawals were made chiefly by small depositors, and no effect has been felt by the bank which has had about $700,000 in reserve funds.

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FAILURES IN OTHER CITIES

Several Banks and Business Houses Suspend Owing to the Stringent Market, The Hudson Savings Bank, of Hudson, Wis, closed its doors today with the following notice: "Closed. Owing to the stringency of the money market we deem it best in justice to our depositors to suspend for the present. The bank has assets enough to cover all deposits." The suspension caused much commotion among business men. Nearly $700,000 was on deposit. The general belief is that the bank will find it difficult to renew business. The city funds were deposited in the bank. Alfred Goss is president of the bank, and A. J. Goss cashier. The last statement of the condition of the bank, issued January 20th, last, shows the following to be the condition of the bank's affairs: Total resources, $782,012. Liabilities-capital, $25,000; surplus, $61,843; due depositors on demand, $456,160; due depositors on time, $239,008; total liabilities, $782,012. Sheriff Barton has attached three elevators of the Red River Valley Compary, of Devil's Lake, N. D., for $100,000 each in the Bank of Toronto and Canadian Bank of Commerce. A committee consisting of S. J. Keith, Hermann Justi, J. H. Thompson, J. H. Fite and J. B. Richardson, representing the Commercial National Bank, of Nashville, Tenn., had a conference with Comptroller Eckles in Washington yesterday. He refused to reduce his assessment upon the stockholders of 100 per cent., but agreed to distribute its collection over a longer period than two weeks. The shortage of J. A. Jenkins, the defaulting ex County Treasurer of Jeffersonville, Ind., will, it is claimed, exceed $40,000. Jenkins is critically ill. Reaves, Baugh & Co., of Brownwood, Texas, failed yesterday. L. P. Baugh is appointed receiver. Liabilities, $35,000; assets, $40,000. The Citizens' National Bank of Hills boro, Ohio, has been closed by order of the Comptroller, and is now in the hands of the bank examiner.

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During the past few days the Comptroller of Currency has authorized the receiver of the Citizen's National Bank to deposit his collections with the First National Bank, of this place. This will be of greatadvantage to our people, as it will keep the money at home, instead of sending it to the U. S. Treasury.

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CLEARED OF CHAFF

Kansas is overrun with tramps. Smallpox has broken out in Lowell, Mass. Conrad L. Jordan has returned from Europe. Anarchists threaten to blow up the railway stations in Paris. Mrs. Andrew Foy, the principal witness in the Coughlin trial, was cross examined. Ex-Mayor Grant of New York was appointed receiver for the St. Nicholas bank. The buildings in the Pittsburg Driving park at Homewood, Pa., were destroyed by fire. President Cleveland, Secretary Gresham and Secretary Carlisle are duck hunting on the Potomac. George F. James of Philadelphia, general secretary of the American Society for the Extension of University Teaching, has resigned his position. Mr. Overton Price, late cashier of the wrecked Citizens' National bank of Hillsboro, O., died in Cincinnati from nervous prostration resulting from mortification over the bank's failure.

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TELEGRAPHIC BREVITIES

Four anarchists were arrested at Avignon. Ex-Congressman John C. Nichols of Blackshear, Ga., is dead. Ex-Mayor Hugh J. Grant has been appointed receiver of the St. Nicholas bank. Senator Victor Schoelscher, who is well known as a French writer and traveler, is dead. The cruiser New York has been ordered to sail to Rio de Janeiro to reinforce our fleet in Brazilian waters. The Iron Car company of Huntingdon, Pa., will resume work at an early date, giving work to several hundred men. General McCook, commanding the department of Colorado, places no credence in the reports from Cerrillos, N. M., of a race war in that territory. Hon. Wayne McVeigh said the president of the United States could not have placed him in a position more to his liking than the Italian mission. The Chicago, St. Paul, Minneapolis and Omaha Railroad company has declared a dividend of 3 1-2 per cent on preferred shares, payable Jan. 30, 1894. The directors of the Chicago and Northwestern Railroad company have declared dividends of 4 per cent on common and 1 3-4 on their preferred stocks. Ex-Assistant United States District Attorney Pliny H. Soper of Topeka has been appointed general attorney for the Santa Fe for Indian Territory outside of Oklahoma. Four more minor New York election officers have been arrested charged with violation of the law at the recent election, making a total of 61 now indicted on these charges. Commissioner Rhodes has arrived at Palapye and announces that the Matabeles are entirely subjugated, and that King Lobengula does not intend to return to Buluwayo. Overton Price, late cashier of the Citizens National bank of Hillshoro, O., died at Cincinnati from nervous prostration resulting from mortification over the bank's failure. The Technical Society of the Pacific Coast has made Theodore D. Wilson, ex-chief constructor of the navy, an honorary member. The institution of naval architects of England conferred a like honor on Mr. Wilson last year. The institution has only five honorary members.

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CLEARED OF CHAFF

Kansas is overron with tramps. Smallpox has broken oft in Lowell, Mass. Conrad L. Jordan has returned from Europe. Anarchists threaten to blow up the railway stations in Paris. Mrs. Andrew Foy, the principal witness in the Coughlin trial, was cross examined. Ex-Mayor Grant of New York was appointed receiver for the St. Nicholas bank. The buildings in the Pittsburg Driving park at Homewood, Pa., were destroyed by fire. President Cleveland, Secretary Gresham and Secretary Carlisle are duck hunting on the Potomac. George F. James of Philadelphia, general secretary of the American Society for the Extension of University Teaching, has resigned his position. Mr. Overton Price, late cashier of the wrecked Citizens' National bank of Hillsboro, O., died in Cincinnati from nervous prostration resulting from mortification over the bank's failure.

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TELEGRAPHIC BREVITIES

Four anarchists were arrested at Avignon. Ex-Congressman John C. Nichols of Blackshear, Ga., is dead. Ex-Mayor Hugh J. Grant has been appointed receiver of the St. Nicholas bank. Senator Victor Schoelscher, who is well known as a French writer and traveler, is dead. The cruiser New York has been ordered to sail to Rio de Janeiro to reinforce our fleet in Brazilian waters. The Iron Car company of Huntingdon, Pa., will resume work at an early date, giving work to several hundred men. General McCook, commanding the department of Colorado, places no credence in the reports from Cerrillos, N. M., of a race war in that territory. Hon. Wayne McVeigh said the president of the United States could not have placed him in a position more to his liking than the Italian mission. The Chicago, St. Paul, Minneapolis and Omaha Railroad company has declared a dividend of 3 1-2 per cent on preferred shares, payable Jan. 30, 1894. The directors of the Chicago and Northwestern Railroad company have declared dividends of 4 per cent on common and 1 3-4 on their preferred stocks. Ex-Assistant United States District Attorney Pliny H. Soper of Topeka has been appointed general attorney for the Santa Fe for Indian Territory outside of Oklahoma. Four more minor New York election officers have been arrested charged with violation of the law at the recent election, making a total of 61 now indicted on these charges. Commissioner Rhodes has arrived at Palapye and announces that the Matabeles are entirely subjugated, and that King Lobengula does not intend to return to Buluwayo. Overton Price, late cashier of the Citizens National bank of Hillshoro, O., died at Cincinnati from nervous prostration resulting from mortification over the bank's failure. The Technical Society of the Pacific Coast has made Theodore D. Wilson, ex-chief constructor of the navy, an honorary member. The institution of naval architects of England conferred a like honor on Mr. Wilson last year. The institution has only five honorary members.

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BRIEFLY TOLD

Ex-Mayor Hugh J. Grant has been appointed receiver of the St. Nicholas bank. Senator Victor Schoelscher, who is well known as a French writer and traveler, is dead. In a battle with tramps at Hartford City, Ind., a citizen was shot in the leg and a tramp through the arm. Six of the band were captured. General McCook, commanding the department of Colorado, places no credence in the reports from Cerrillos, N. M., of a race war in that territory. The Chicago, St. Paul, Minneapolis and Omaha Railroad company has declared a dividend of 3 1-2 per cent on preferred shares, payable Jan. 30, 1894. Four more minor New York election officers have been arrested charged with violation of the law at the recent election, making a total of 61 now indicted on these charges. Overton Price, late cashier of the Citizens National bank of Hillshoro, O., died at Cincinnati from nervous prostration resulting from mortification over the bank's failure.

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TELEGRAPHIC B EVITIES, Four anarchists were arrested at Avignon. Ex-Congressman John C. Nichols of Blackshear, Ga., is dead. Ex-Mayor Hugh J. Grant has been appointed receiver of the St. Nicholas bank. Senator Victor Schoelscher, who is well known as a French writer and traveler, is dead. The cruiser New York has been ordered to sail to Rio de Janeiro to reinforce our fleet in Brazilian waters. The Iron Car company of Huntingdon, Pa., will resume We k at an early date, giving work to seve. al hundred men. General McCook, consmanding the department of Colorado, places no credence in the reports from Cerrillos, N. M., of a race war in that territory. Hon. Wayne McVeigh said the president of the United States could not have placed him in a position more to his liking than the Italian mission. The Chicago, St. Paul, Minneapolis and Omaha Railroad company has declared a dividend of 3 1-2 per cent on preferred shares, payable Jan. 80, 1894. The directors of the Chicago and Northwestern Railroad company have declared dividends of 4 per cent on common and 1 3-4 on their preferred stocks. Ex-Assistant United States District Attorney Pliny H. Soper of Topeka has been appointed general attorney for the Santa Fe for Indian Territory outside of Oklahoma. Four more minor New York election officers have been arrested charged with violation of the law at the recent election, making a total of 61 now indicted on these charges. Commissioner Rhodes has arrived at Palapye and announces that the Matabeles are entirely subjugated, and that King Lobengula does not intend to return to Buluwayo. Overton Price, late cashier of the Citizens National bank of Hillshoro, o., died at Cincinnati from nervous prostration resulting from mortification over the bank's failure. The Technical Society of the Pacific Coast has made Theodore D. Wilson, ex-chief constructor of the navy, an honorary member. The institution of naval architects of England conferred a like honor on Mr. Wilson last year. The institution has only five honorary members.

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TELEGRAPHIC BREVITIES, Four anarchists were arrested at Avignon. Ex-Congressman John C. Nichols of Blackshear, Ga., is dead. Ex-Mayor Hugh J. Grant has been appointed receiver of the St. Nicholas bank. Senator Victor Schoelscher, who is well known as a French writer and traveler, is dead. The cruiser New York has been ordered to sail to Rio de Janeiro to reinforce our fleet in Brazilian waters. The Iron Car company of Huntingdon, Pa., will resume work at an early date, giving work to several hundred men. General McCook, commanding the department of Colorado, places no credence in the reports from Cerrillos, N. M., of a race war in that territory. Hon. Wayne McVeigh said the president of the United States could not have placed him in a position more to his liking than the Italian mission. The Chicago, St. Paul, Minneapolis and Omaha Railroad company has declared a dividend of 3 1-2 per cent on preferred shares, payable Jan. 30, 1894. The directors of the Chicago and Northwestern Railroad company have declared dividends of 4 per cent on common and 3-4 on their preferred stocks. Ex-Assistant United States District Attorney Pliny H. Soper of Topeka has been appointed general attorney for the Santa Fe for Indian Territory outside of Oklahoma. Four more minor New York election officers have been arrested charged with violation of the law at the recent election, making a total of 61 now indicted on these charges. Commissioner Rhodes has arrived at Palapye and announces that the Matabeles are entirely subjugated, and that King Lobengula does not intend to return to Buluwayo. Overton Price, late cashier of the Citizens National bank of Hillshoro, O., died at Cincinnati from nervous pros. tration resulting from mortification over the bank's failure. The Technical Society of the Pacific Coast has made Theodore D. Wilson, ex-chief constructor of the navy, an honorary member. The institution of naval architects of England conferred a like Honor on Mr. Wilson last year. The institution has only five honorary members.

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Isma Troth and others have brought suit against Receiver Dittey, of the Citizens' National Bank for $11,000 said to have been borrowed by President Overman from the Lynchburg Bank. Six thousand was borrowed in October, '89; eight thousand, in December '92. Of this, three thousand was repaid in April '93. The case is in the U. S. Court at Cincinnati, having been taken there by Receiver Dittey, who will claim that Overman was not properly authorized to borrow the money. It bears substantially the same features as the Barrere case recently decided in the Common Pleas, here, by Judge Newby.

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Wants Money

Our readers probably remember that the Gas and Electric works had a claim of $3,100 against this city, which it assigned to the Citizens' National before the collapse of that institution. Then the city having $7,000 on deposit in the bank claimed that the $3,100 should be credited dollar for dollar. This the receiver refused to do. Then came a lawsuit which went against the city. Now, the receiver wants his money. The city finance committee are willing to give him the $700 due from the next dividend, and say he must wait for the balance. He says he will take judgment. But, as the city building, water works and fire department are exempt from levy, he can only look to the stone quarry, which is worth about $400 out of which to make the claim, amounting now to some two or three hundred dollars more than originally. How the matter will be determined is one of those those things which no fellow can find out till it happens.

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Still Living.

Most of our news concerning the affairs of the Citizens' National comes from the U. S. Court reports in Cincinnati.

From them we learn that Receiver Dittey has been authorized to sell certain shares of depreciated bank stock-name of bank not given.

In the case of Geo. W. and Emma Haigh on a note for $7,279.90, judgment was confirmed and executions ordered. The same was true of a note for $1,099 by the same parties. In pursuance of this order Deputy U. S. Marshal Rulison levied on real estate in this township.

Elisha and Orisa Ervin are sued on a note for $2,000. His horses, cattle, sheep and other stock were levied on. But he was allowed possession under a bond signed by his father-in-law.

E. R. Pierson is sued on a note for $1,200. The Deputy Marshal levied on some lumber at Rocky Fork and Bainbridge.

Judge Dittey asks the appointment of a receiver for Gabriel and Pierson, claiming that Pierson's interest in said firm is liable for the satisfaction of his debt to the bank, and that while, Mr. Newby, administrator of Gabriel, has filed an inventory of the undivided half or the assets of said firm. Pierson has failed to file his inventory, and that the affairs of the firm are not being properly conducted.

The defunct bank has paid 50 per cent. to depositors thus far, and it is thought, will be able to pay 20 per cent. more.