Central National Bank (Chicago, IL)

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AN AWFUL "BUST Up

"-The State Saving Institution, at Chicago, closed its doors on Friday. The concern is a million of dollars short. The assetts foot up at their face $2,337,496.23 while the true value is only $869,000. The amount due depositors is $3,050,017.17. All the available cash to be found in the Bank was about $24,000 out of the millions deposited by the 15,000 depositors. The Cashier, David D. Spencer, is in Europe. His own individual note for $500,000 was found among the assets. A general run is being made on all the Chicago banks and some more of them may close their doors before the panic is over. But, then Chicago can stand almost anything.

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Repeal of a Portion of the Resumption Law by the house. The Senate Committee Report in Favor of Kellogg from Lousiana. List of the New French Cabinet. MISCELLANEOUS. A SPECK OF WAR. Clacionati, Nov. 23.-A San Antonio dispatch ways that Gen. Ord yesterday received an official copy of the order of President Diaz to Gen. Dalcon, commanding the Mex. ican forces on the border, to repel invasion by the United States troops by force, and and that Gen. Trevino had been ordered to the Rio Grande with 2,500 troops to carry out the order. Gen. Ord. has telegraphed to the President for another regiment of cavalry. GOING INTO LIQUIDATION. Chicago, Nov. 23.-The Central National Bank, 104 and 106 Washington street, closed its doors this morning and will go into liquidation. This action was conse quent upon the determination of the meeting of the directors and stockholders last evening. The institution did only a small commercial business and was backed by some of the substantial business men of this city, and will, its officers claim, pay dollar for dollar to depositors, and make a good showing towards paying the stockholders in full. Its liabilities to depositors are $260,000; assets $400,000 of bills receivabie, and $75,000 in cash resources. Its capital stock was $200,000. W. F. Eudicott is president and John Greenleaf cashier. It experienced a slight run yesterday, and since October 1st, although none of the depositors have closed their accounts, some $200,000 have been drawn out. THE KANSAS STATE UNIVERSITY. Lawrence, Nov. 22.-The dedication of the new building of the Kansas state university, took place here to-day. The attendance upon the exercises was large, wellknown citizens from all parts of the state being present. Gov. Anthony presided. Addresses were made by Chandler Marvin, State Superintendent Lemmon, Rev. T. Tindall, Gov. Anthony, and others. A banquet was given for the benefit of the society. Gov. Anthony was given a complimentary reception at the Ludington house, by the Young Men's social club, of Law. rence. A JURY WHICH DISAGREE. Chicago, Nov. 23.-The Jury in the condonation of whisky cases came in this morning, and reported a disagreement, nine having voted for a verdict in favor of the government, and three for the defendants. The question in dispute was whether the evidence showed that complete immunity had been promised. SHORT EXPLANATIONS. Providence, Nov. 23.-Capt. Carson. of the U. 8. cutter Samuel Dexter, lying in the Bristol harbor this morning. said he felt unauthorized to make any statements regarding his special orders and duties. He added: "There is a suspected craft, and 'her' a government steamer. Draw your

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Changed Hands

The Evening Mail was sold at Sheriff's sale yesterday morning, and was bought by Clark and Bell and Dr. William H. White for $8.710 The Mail will be coneucted under the same editorial management as heretofore. Vanderbilt's Will. It is reported that the contest of Mrs. Labau of Vanderbill's will has been discontinued. SHAKY CHICAGO. Another Bank Failure This Morning. National Associated Press to the Star. CHICAGO, Nov. 23 -The Central National Bank, of this city, closed its doors at 10:30 to-day. The suspension of the Central Nation. al Bank causes considerable excite. ment, as it is a disappointment to those who hoped that no further failures would follow that of the Third National on Wednesday. The two banks which have gone, and the one which still holds out, have been mentioned as snaky for a month past. When the first tailed, the knowing ones feared the other two would follow, but everything has been done to prevent a panicky feeling from aiding in causing this. It is probable that one more may fall, the one which has been mentioned in connection with these two as shaky, but all other banks are sound beyond question.

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ANOTHE R BANK CLOSED

THE CENTRAL NATIONAL BANK OF CHICAGO TO GO INTO LIQUIDATION-DEPOSITORS TO BE PAID IN FULL. CHICAGO, Nov. 23.-The Central National Bank closed its doors this morning, and will go into liquidation. This act was consequent upon a determination at a meeting of directors and stock-holders last evening. The institution did only a small commercial business. It is backed by some substantial business men of this city and will, its officers claim. pay dollar for dollar to depositors, and make a good stowing toward paying the stock-holders in full. W. F. Endicott is president and John Greenleaf cashier. The bank experienced a slight run yesterday, and since October 1, although none of the depositors have closed their accounts, some $200,000 have been drawn out. A statement of the condition of the bank has been made up and 18 as follows:

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DOMESTIC

A NEGRO MURDERER SENTENCED. NEW YORK, Nov. 23.-Nelson Arden, a negro, alias William Moore, was convicted Wednesday, in the County Court of Bertie, N. C, for the murder of John Webb, storekeeper, and was sentenced to be hung in December. Seven negroes and five whites composed the jury. AN INSURANCE OFFICER BEHINDHAND. A Cincinnati despatch says J. L. Colling, Secretary of the Western Insurance Company, is behind $14,000 in his accounts The company was made secure by mort. gages on his property, and removed him. ANOTHER CHICAGO BANK CLOSED. CHICAGO, Nov. 23.-The Central National Bank of Chicagoclosed its doors this morning. MAKING A MATCH ON MR. LORILLARD'S OFFER. NEW YORK, Nov. 23.-Information reach ed this city yesterday that $10,000 had already been raised in Kentucky towards the $20,000 to make the match offered by Mr. Pierre Lorillard, to run his horse Parole against Ten Broeck next summer, two miles and S half, over the Saratoga course or at Jerome Park, for that sum. MURDERED ITALIAN. It seems the Italian murdered in Baxter street last night was named Michael Cattacbe or Cattacci. His body was horribly cut.

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A CHICAGO BANK FAILURE

THE CENTRAL NATIONAL BANK RETIRES- ITS FINANCIAL CONDITION-NEW YORK'S INTEREST SECURED. CHICAGO, Nov. 23, 1877. The Central National Bank closed its doors this morning, and will go into liquidation. This action was consequent upon a determination at a meeting of the directors and stockholders last evening. The institution did only a small commercial business. It is backed by somo substantial business men of this city. W. F. Endicott is president, and John Greenleaf cashier. The bank experienced a slight run yesterday, and since October 1, although none of the depositors have closed their accounts, some $200,000 have been drawn out. A statement of the condition of the bank has been made up, and is as follows:ASSETS.

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THE BANKS

THIRB AND CENTRAL. There was nothing of material interest in financial circles yesterday. Bank-Examiner Watson was engaged most of the day in going through the assets of the Third National. Early in the forenoon he took formal possession of the Central National, and deputized Mr. A. H. Burley, the Receiver of the late Cook County National, to make a schedule of the effects. Mr. Watson could not say who were the coming men as Receivers of the two collapsed institutions. He had not heard from the Comp-

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Another One Gone

CHICAGO, Nov. 23.-The Central National Bank, No. 104 and 106, Washington street, closed its doors, this morning,and will gointo liquidation. This action was consequent upon the determination of a meeting of directors and stockholders, last evening. The institution did only a small commercial business, is backed by some substantial business men of this city and will, its officers claim, pay dollar for dollar to depositors and make a good showing towards paying the stockholders in full. Its liabilities to depositors are $260,000, assets $400,000 of bills receivable and $75,000 cash resources. Its capital stock was $200,000. W. F. Endicott, is President and John Greenleaf, cashier. It experienced a slight run yesterday, and since October 1st, and although none of the depositors have closed their accounts some $200,000 have been drawn out.

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Another Chicago Bank Closed

Chicago, November 21.-The Central national bank of Chicago closed its doors this morning. This action was consequent upon a determination at a meeting of the directors and stockholders last evening. The institution did only a small commercial business. It is backed by some substantial business men of this city, and will, its officers claim, pay dollar for dollar to depositors, and make a good showing towards paying the stockholders in full. Its liabilities to depositors are $260,000, and the assets are $400,000 of bills receivable and $75,000 cash resources. Its casital stock is $200,000. W. F. Endicort is president and John Greenleaf cashier. The bank experienced a slight run yesterday, and since October 1, although none of the depositors closed their accounts, some $200,000 have been drawn out.

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THE BANKS

MIL II. W. JACKSON, upon whose shoulders it has been pretty generally supposed the mantic of the Receivership of the Third National would fall, received oillcial notification of lits appointment yesterday from the Comptroller of the Currency, and Inmediately set about the comparatively easy task of securing signatures to lile $50,000 bond. 'Γo many people the amount of the bond might seem ridiculously small, but the fact that the Receiver is obliged to turn over moneys as fast us ne collects them, to the Comptroller of the Currency, will explain why the bond is comparatively in 60 small an amount. At the Central National Mr. Burley still has temporary control. Nothing has been done towards acttling the question whether a Receiver shall be appointed to administer upon the nssets, or whether the bank will be allowed to liquidate. With the appointment of a Receiver for the Third National, Mr. Bank-Examiner Watson's duties at that institution will be measureably lessened, and the Central will probably receive more of his attention. THE RECEIVERS OF THE VARRIOUS SAVINGS BANKS did pretty much as usual yesterday, the only thing to relieve the monotony being the prep. arations for Thanksgiving. All the banks will be closed to-day, and the wearled Receivers and their more wearled assistants will be found at their homes, or at the houses of their next best friends, receiving other good things than money from debtors, which can be gotten, If at all,' on common days. Judge Otis was out when the reporter called at the State Savings,-probably on au expedition to the game dealers on South Water street,-but one of has assistants touchlogly remarked that to-day would be turkeyday, and added, as a sort of secondary consideration, that there were some hopes of a dividend of 10 per cent in January. At the Little Beenive, Receiver Ward, Mr. Horton, two of the Depositors' Combittee, and the clerks fully corroborated the truth of the rumor that turkeys would in all probability be laid on the altur to-day, and added that there was no ucws. Nor was there any. The two depositors aforesaid were apparently at a 1088 to know just what they wanted to know, and frankly admitted that they had not found anybody who could tell them. A short time wasspent in looking over books and papers, but visions of to-day were too much for them, and, in the language of the local chronicler, " the meeting then adjourned." At the Fidelity there Was lyde of . crowd than usual, but those

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THE Central National Bank of Chicago closed its doors on the 23d, after a slight run. Its deposits amount to $260,000, and it is asserted that its assets are amply sufficient to pay all demands in full.

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There was another bank suspension at Chicago on the 24th-the delinquent this time being the Central National Bank. It was always a feeble concern, with a nominal capital of $200,000, but a deposit account never reaching over $250,000. Its liabilities are placed at $280,000, against which it claims to have over $400,000 bills receivable and $216,000 stock and surplus. The general impression is that it will be able to pay its depositors dollar for dollar and have something left for its stock. holders.

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THE BANKS

VERY DULL. A visit to the suspended National Banks yesterday failed to elicit anything beyond the fact that the Receivers were "busy." Both Mr. Jackson. of the Third, and Mr. Burley, of the Central, said there was "nothing new." The former has made a few collections, and is still figuring to get some one to take the bank building, in order that he may move into less expensive Quarters. Mr. Burley had heard

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WEST-AND SOUTHWEST

At Warsaw, Ind., on the evening of the 21st, Libbie Jacques, aged 19, was terribly and fatally burned about the face and breast, by letting fall a lamp filled with oil, which she was lifting from a chandelier. Whilerendeavoring to putions the flameson her clothing, O. P.sJacques, her father, burned both hands so severely that it wasthought amputation would be necessary. AtTerre Haute, on the evening previous, Mary Tarelby, a servant-girl in the employ of Hon. Bayless H. Hanna, wasso badly burned by a lamp explosion that she was expected to die. Nicholas Plumling has been arrested at Wilton, Wis., charged with the murder of Mrs. Van Voorhees and her three children, whose dead bodies were found in their burning cottage about the first of Noveniber. It was supposed at the time that Mrs. Van Voorhees killed her children and then took heflown life, but later dévelopménts(strongly implicate Plumling as being the author of the horrible crime. 2797A The National Grange Patrons of Husbandry met at Cincinnati on the 21st, delegates from all the States being present. A San Antonio dispatch of the 23d says that Gen. Ord has received an official copy of the order of President Diaz to Gen. Dallin, commanding the Mexican forces on the border, to repel invasion by United States troops by force, and it is further'stated that Gen. Trevino has been ordered to the Rio Grande with 2,500 troops to carry out the order. Gen. Ord has telegraphed to the President for another regiment of eavalry. The Central National Bank of Chicago closed its doors on the 23d, after a slight run. Its deposits amount to $260,000, and it is asserted that its assets are amply sufficient to pay all demands in full. At Benton Ridge, Hancock County, O., on the 22d, Dr. Frank H. Knapp shot and killed Dr. H. K. Nott with a shot-gun. Both were practicing physicians. Dr.Keappsays, as a defense of his crime, that Dr. Nott had several times tired at bim with a revolver, and did so on the day of the shooting, and that he fired the fatal shot while under the conviction that his life was in imminent peril. Charles Jones, a half-breed desperado, who attempted to kill his wife and child at McAllister Station, Indian Nation, was arrested and subsequently shot and killed while attempting to escape from eustody. Two men named Shepard Clark and Israel Doty were recently killed in Don Juan County, Cal., about 10 miles from Pagosa Springs, it is supposed by a Mexican and a Navajo Indian. The discovery of their dead bodies was the first known of their murder. The Bismarek coach was attacked and captured by Indians, on the 22d, near Sulphur Springs Station, about 50 miles from Deadwood. The passengers saved their scalps by taking to the blutfs. After ransacking the mail-bags, the Indians killed two of the horses and decamped with the other two. Bishop Enoch M. Marvin, of the Methodist Episcopal Church, died at his residence in St. Louis on the 26th. He was born in Warren County, Me., June 12, 1823, and entered the ministry when only 18 years of age. The disease from which he died was pleuro-pneumonia. The murderer Band was removed from St. Louis to Galesburg, Knox County, III., on the 27th, where he will be tried for murder.

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underhis wife applying for a divorce- and a pistol. to separate soul and body,with sadly took he could not have been so very to his But earnest because he gave fair notice the matin and they, after thinking took his ter neighbors, over, decided to interfere, and away. weapon the most serious result of Coolbaugh's National But was the failure of the Third once death old institution which was the Bank, prosperous, an but was badly hit decided by very and the panic. Its directors fire weeks ago to settle up affairs, trusting their some that time that they would get back Mr. at capital and lose only the surplus. to take Coolbaugh had made arrangements but his of the bank and liquidate it, and sudden charge death put an end to that scheme banks found impossibte to get other $1, it was give any help. So it shut up, owing worth 000,000 to and with assets nominally two$1,800,000 but really worth only about is the thirds of that. But back of all this personal responsibility of the stockholders but one of whom are good,amounting the million all and a half. It is possible that better bank might have lived if it had had unmanagement, but the President had an estate happy mania for dabbling in real speculations, and by persisting in holding to dirt which had ceased to have any the on brought himself and the bank to stuff value, ground. He has turned over a lot of kind secure his indebtedness, but it is that of of to property which may not be disposed difor Among the stockholders and the rectors years. are Mr. George M. Pullman of Sleeping Car Company, and Mr. Tribune. Joseph Medill editor and proprietor of the It had been SO long expected that this the bank would go up that there was not failure consternation which an unexpected would have had, but nevertheless the smash had its results. The Central National Bank, comparatively small concern with a capital a of $200,000 gave up the ghost Friday morning. It had been carried by the Third months and fell when the support its It will doubtless pay was for some removed. that all it depositors, the chief trouble being did not do enough business to make it profitable to keep the institution alive. One or two is other National Banks are shaky but it hoped that they will manage to pull through. A suit on a life-insurance policy, ,in volving some interesting points, has just been begun Milagainst the Northwestern Montreal, of waukee. A year and a half ago a wealthy resident of this city took out a policy for $15,000 in the Company, paying the first At the end of he was called on and year's months, premium. asked the twelve for failed the premium for the next year. This he he to pay. Nearly two months elapsed and be= was taken very ill. About half an hour his clerk called office, and tendered premCompany's fore he died around the at The the ium. The agent declined to accept it. weeping heirs and wife, though feeling intensely over the death of their beloved father and husband, yet did not feel inclined to lose $15,000 and checked their lamentations long enough to send the book-keeper of the deceased-he had been dead half hour then-on another trip to the officers of the Company, to again offer the premium, again make an effort to revive that lapsed policy. But the agent knew something concerning Mr. Store's condition and peremptorily refused to take the money and hence the suit. The deceased was a sharp business man, and it is possible that he would have so with the business-like conof his children as to duct been pleased have pardoned them for their apparent absence of all-abover his loss. sorbing grief Possibly the Company will presently propose to compromise for a few thousands, and that will be the end of the suit. A marriage of rather a romantic nature took place here a couple of weeks ago. western man was in town for the purpose disposing of a lot of mining property which he owns in the Black Hills. While here he into his head to get a wife. He had once before, in took been it married Denver. He had seen a pretty girl running a sewing in a shop, had and machine marched She in asked her if she would have him. consented they were wedded, and in six months she got a Utah divorce. But he was not discouraged by this, and went to a clairvoyant, and asked her to tell him where to find the woman whom Providence had selected as his wife. If she put him on the right track, he would give her $10,000. So she advised him to go to: certain large shirt and among the manufactory, girls He employed t there, there he would find his fate. and asked the proprietors, to let him look through their establishment. They consented, and he went into the sewing room,where a dozen or more girls were employed. he Presently one of them struck his eye went up to her and said, "I did not come here to look at the place, I came to find you. I want to be my wife. I can give you I have been once, good references. you married but have been divorced, and have a copy of the decree, so that is all right." She looked ( at him, saw that he was not badly dressed, and was reasonably good-looking, and said, "Yes, will marry you." They were wed-

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Grande was insullicient to afford prope protection to the citizens there, an deemed it necessary that the regiment now stationed in Texas should be in creased to their full strength, and tha an additional regiment of infantry an of cavalry be sent there A SAN ANTONIO dispatch of the 23 says that Gen. Ord has received an off cial copy of the order of President Dia to Gen. Dallin, commanding the Mex can forces on the border, to repel inva sion by United States troops by force and it is further stated that Gen. Tre vino has been ordered to the Rio Grand with 2,500 troops to carry out the order Gen. Ord has telegraphed to the Presi dent for another regiment of cavalry. THE Central National Bank of Chi cago closed its doors on the 23d, after slight run. Its deposits amount t $260,000, and it is asserted that its as sets are amply sufficient to pay all de mands in full. THE new French Ministry was an nounced on the 23d, as follows: Presi dent of the Council and Minister o War, Gen. Grimaudet de Rochebouet Minister of Foreign Affairs, Mar quis de Bonneville; Minister of th Interior, De Welchi; Minister of Jus tice, Le Pelletier Minister of Finance D'Utilleul Minister of Commerce Ozenne; Minister of Public Works Graeff; Minister of Public Instruction Faye; Minister of Marine, Admira Rousin. The Republican papers cen sure the composition of the new Ministr in contemptuous terms. -The new French Ministry has beer repudiated by the Chamber of Depu ties. Jules Ferry, on behalf of the Left moved a resolution expressing want o confidence, which was adopted by vote of 323 against 208. THE United States man-of-war steam Huron, Commander G. P. Ryan which sailed from Fortress Monroe fo Havana on the 23d, was wrecked on th North Carolina coast, near Kitty Hawl signal-station, at an early hour on th following morning. Soon after striking the shoals the vessel went to pieces and of the 135 person board only 34 succeeded in reaching the shore alive. There was no assist ince rendered from the shore, for wan life-saving apparatus. A severe gal prevailed along the coast on the nigh of the disaster, and it is supposed tha he vessel became unmanageabl hrough the breaking down of her en gines and drifted helplessly upon th breakers. -The following are the names of th officers lost on the Huron: Command G. P. Ryan, Lieuts. S.A. Simons and G. Palmer, Masters J. M. Wright and W. S. French, Ensign Danner, Paymas Carey N. Sanders and Cadet Enginee E. A. Loomis. The Huron was a ron screw-propeller of 1,45 ons, carrying six guns. Sh was just out of the dock at New York, where she had been entirely over hauled. She was manned by a crew o 104 men, besides 15 marines, and he officers numbered 15, only eight o

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BROKEN BANKS

THE CHICAGO CENTRAL NATIONAL BANK. CHICAGO, Dec. 18.-It is now about certain that W. F. Endicott, president of the defunct Central National Bank, has left the city not to return, having transferred to the bank his shares of stock, and taken cash instead. Receiver Glover reports that his investigations have disclosed much questionable action on the part of the management, and it is doubtful whether more than a very small dividend will be declared. The assets are about $433,000, of which $90,000 are of face value, $150,000 worthless, $47,000 in cash, and the rest doubtful. Some of the stockhölders are responsible men, but the standing of a large number is unknown, as they live in Eastern cities.

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Chicago Bank President Missing

CHICAGO, December 18.-It is now about certain that W. T. Eudicott, President of the defunct Central National bank has left the city for good, having transferred to the bank his shares ot stock and taken cash instead. Receiver Glover reports that his investigations have disclosed considerable crookedness on the part of the management, and it is extremely doubtful it more than a comparatively small dividend will be declared. The assets are about $433,000, of which $90,000 are worth par; $150,000 doubtful; $47,000 is in cash and the rest is doubtful. Some of the stockholders are responsible meo, but the standing of 8 large number of them 18 unknown, 88 they live in the East.

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Chicago's Broken National Bank

CHICAGO, Dec. 18.-It is now about certain that W. F. Endicott, President of the defunct Central National Bank, has left the city for good, having transferred to the bank his shares of stock and taken cash instead. Receiver Glover reports that his investigations have disclosed questionable action on the partof the management, and it is doubtful that more than a comparatively small dividend will be declared. The assets are about $433,000. of which $90,000 are of face value, $150,000 doubtful, $47,000 cash, and the rest unclassified.

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THE CHICAGO CENTRAL BANK

CHICAGO, Dec. 18, 1877. It is now about certain that W. F. Endicott, President of the defunct Central National Bank, has left the oity for good, having transferred to the bank his shares of stock and taken cash instead. Receiver Glover reports that his investigations have disclosed considerable questionable action on the part of the management, and it is probable that not more than a comparalively small dividend will be declared. The assets are about $433,000, of which $90,000 are of face value, $150,000 worthless, $47,000 in cash and the rest doubtful. Some of the stockholders are responsible men, but the standing of a large number is unknown, as they live in Eastern cities.

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verse, Register of this city. NEWARK. N. J., Dec- 2.-The Republic Trust Company havedecided to discontinue business Dec. 15. Depositors have been notified to draw their balances in full. The reason for this action is the difficulty in making safe and profitable investments. W ASHINGTON, Dec. 1.-Otis R. Glover was to-day appointed receiver of the Central National Bank, of Chicago.

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verse, Register of this city. NEWARK. N.J., Dec- 2.-The Republic Trust Company havedecided to discontinue business Dec. 15. Depositors have been notified to draw their balances in full. The reason for this action is the difficulty in making safe and profitable investments. W ASHINGTON, Dec. 1.-Otis R. Glover was to-day appointed receiver of the Central National Bank, of Chicago.

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NATIONAL BANK DIVIDENDS

The Comptroller of the Currency declared a dividend in favor of the creditors of the Third National Bank of Chicago of 45 per cent, and of the creditors of the Central National Bank of Chicago 25 per cent, payable as soon as the sched ules are received from the receivers and examined. He has also declared a dividend in favor of the creditors of the following banks: The First National Bank of Delphi, Ind., 25 per cent, making in all 50 per cent, and the First National Bank of Minnesota 20 per cent, making in all 65 per cent.