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Bank Suspended. LEWISBURG (Tenn.), Oct. 22.-The Bank of Lewisburg, the only financial institution in the city, made an assignment this morning. Bad collections and the contraction of the money market is given as the catuse, It is thought the assets exceed the liabilities.
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BANK OF LEWISBURG And Two Business Houses Make Assignments. LEWISBURG THURSDAY OCT. 23.-The Bank of Lewisburg, the oldest bankinghouse in this place, closed its doors this morning, owing to the stringency in the money market and failure to secure further extension of time. The officers of the bank have made no official statement, but the assets will be about $125,000 and liabilities $80,000. The President T. T. Hardison, says the bank will be able to pay depositors dollar for dollar. In consequence of the failure V. O. Hayes, dealer in clothing and boots and shoes, closed his doors; also A. C. Brentz, produce dealer. While several of our merchants were depositors none others are at all affected by the failure. The merchants and other citizens of the town held a meeting this morning and after a consultation with the officers of the Peoples' Bank declared their confidence in the condition of the ank, and in consequence no run has been made on the bank and everything is quiet.
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Business Troubles. NEW YORK, Oct. 22.-Judge Barrett today granted an attachment against the property in this city belonging to the Columbus Barrow Company, of California, for $20,625, in favor of Marcus A. Joseph. The suspension of W. C. Whitehouse, a broker who attempted to commit suicide pesterday, was announced on the consolidated exchange today. Several thousand shares of stock were bought in for his account. LEWISBURG, Tenn., Oct. 22.-The Bank of Lewisburg, the only financial institution in the city, made an assignment today. Bad collections and contraction of money are given as the causes. It is thought the assets will exceed the liabilities.
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Tennessee Bank Suspends. LEWISBURG, Tenn., Oct. 22.-The Bank of Lewisburg, the oldest banking housein Lewisburg. closed its doors this morning. owing to the stringency in the money market and failure to secure extension of time. The officers of the bank have made no official statement, but the assets are about $125,000. with liabilities of $80,000. The President, S. T. Hardison, says the bank will be able to pay depositors dollar for dollar. The merchants and other citizens of the town held a meeting this morning. and, after a consultation with the officers of the People's Bank. declared their confidence in the condition of the bank, and in consequence no run has been made on the bank.
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Miscellaneous. ROBERT L. TAYLOR, ex-Governor, exCongressman and a lawyer and politician, will appear in a new role on 1. He has a one hundred January give lectures signed in contract leading to Southern cities, for which he will be paid $10,000. The title of his lecture is to be "The Fiddle and the Bow," and the tour is to begin at Nashville January 1. Gov. Taylor is one of the best stump speakers in Tennessee, and has the faculty of telling jokes in such a manner as to render argument useless by any speaker in a joint debate. Gov. BUCHANAN has pardoned Thomas McAnally, who was convicted of murder in the second degree in 1887. His term was commuted to eight years by Gov. Taylor, and the pardon was granted upon the recom mendation of the judge, attorney-general and several of the jury who tried the case. In addition to this McAnally is in very bad health. A PROTRACTED meeting has closed at Brunswick with fifty-four accessions to the various churches. THE following Tennessee postmasters were appointed last week: W. C. Hale, Austin Springs, Washington County; C. W. Simmons, Barefoot, Mason County; A. J. Gibson, Lorraino, Rhea County. P. M. TIPTON has been appointed clerk and master of the Dyer County Chancery Court to fill the vacancy caused by the death of Capt. John W. Lauderdale. THERE is a new project on foot to secure Eastern railroad connections for Jackson independent of the Illinois Central and Mobile & Ohio railroads. THE Merchants' Exchange of Nashville have adopted a memorial to President Harrison. urgently advocating the appointment of ex-Gov. James D. Porter to the vacancy on the interstate commerce commission. SUIT has been commenced against a number of banks and insurance companies of Memphis for $185,000 alleged to be due for back taxes. THE stringency in the money market and the consequent inability to make collections or secure a further extension of time, has caused the suspensior of another Middle Tennessee bank, making the third in a week. The Bank of Lewisburg, Marshall County, and the oldest bank in the town, has closed its doors. Its assets were $105,000, all alleged to be good, and liabilities only $80,000. The capital stock of the bank was only $20,000, and its surplus $10,000. The assets. it is estimated, after careful investigation, will about pay off de. positors. The suspe naion caused two merchanta to close their erora
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BUSINESS FLUCTUATIONS Some of the Most Notable Collapses of the Financial World. JANUARY. 5. Failure of Dueber Watch company. Canton. O.: liabilities, $450,000. 14. Failure of O'Donnell, Spencer & Co., lumber dealers at Saginaw, Mich.: $100,000. 20. Failure of the American National bank of Kansas City for $300,000. FEBRUARY. 18. Suspension of the American Loan and Trust company of New York: deficit of $656,000. MARCH. 20. Suspension of the Keystone National bank of Philadelphia. Failure of the banking house of Theodore Schwartz & Co. at Louisville; liabilities, $750,000. 23. Suspension of the Washington National bank in New York city; shortage. $148,000. MAY. 4. Failure of J.H. Lippincott, of the American Graphophone company and North American Phonograph company, for $100,000. 8. Suspension of the Spring Garden bank and the Penn Trust and Safe Deposit company in Philadelphia. 12. Failure of Levy Bros. & Co., clothing manufacturers, in New York, for nearly $1,000,000. 19. Failure of Satterlee, Bostwick & Martin. insurance brokers, in New York, for over $100,000. 20. Assignment of the Davis Shoe company at Richmond, Va.: liabilities, $3,000,000. 25. Failure of Potter, White & Bayley, shoe manufacturers, in Boston, for $1,000,000. JUNE. 4. Assignment of the Connell-Hall-McLester company, dry goods house, in Nashville; liabilities, $464,000. 12. Failure of the London and Liverpool Clothing company and Mack & Co. in New York; liabilities over $250,000. 22. Failure of Sax Bros., bankers, in Nashville, for $600,000. 25. Assignment of the wholesale shoe firm of Emile Marqueze & Co., in Boston; liabilities, $460,000. JULY. 11. Failure of Hard Bros. & Co., spring bed makers, in Oneida, N. Y., for $125,000. 13. Failure of R. M. Bingham & Co., wagon makers, in Rome, N. Y., for $225,000. 20. Suspension of the Merchants' National bank of Fort Worth, Tex.; liabilities, $500,000. AUGUST. 2. Assignment of Abraham Backer, commission merchant and note broker, in New York: liabilities, $4,000,000. 8. Assignment of the Masonic Savings bank in Louisville, owing $1,000,000. 19. Receiver appointed for the American Wheel company, of Chicago, which has plants in six different states; liabilities, $1,800,000. 21. Seizure of the assets of the Mexican Northern railway in New York on a claim for $109,000. 22. Failure of S. V. White & Co., grain speculators of New York and Chicago, for nearly $3,000,000. OCTOBER. 19. Assignment of Jonathan Stewart, of Trenton: liabilities, $329,000. 22. Assignment of the Bank of Lewisburg, Tenn. NOVEMBER. 1. Failure of Maverick National bank in Boston; liabilities, $8,000,000. 7. Supension of National bank of Corry, Pa.: liabilities, $740,000. 10. Assignment of C.B. Paul, Louisville, lumber dealer, for $200,000. 12. Assignment of H. B. Smith & Co., New York ship brokers, for $800,000. 13. Failure of Louis Adler, New York cloak manufacturer. for $150,000. S. N. Stroube, California horse breeder, failed for $150,000. 15. Failure of Bonner & Bonner, bankers, for $500,000, in Tyler, Tex. 20. Shortage of $133,000 causes closing of Milford (Mich.) bank 25. Failure of First National bank, Wilmington, N.C. 27. Assignment of New York banking firm of Field, Lindley, Wiechers & Co., with liabilities of over $1,000,000. DECEMBER. 1. Receiver appointed for Richmond, Nicholasville and Beattyville railroad, Kentucky; debt. $3,000,000. 11. $250,000 assignment by Francis H. Baker & Co., dry goods dealers of New York.
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BUSINESS FLUCTUATIONS. Some of the Most Notable Collapses of the Financial World. JANUARY. 5. Failure of Dueber Watch supeny, Canton. O.: liabilities, $450,000. 14. Failure of O'Donnell, Spencer & Co., lumber dealers at Saginaw, Mich.; $100,000. 20. Failure of the American National bank of Kansas City for $300,000. FEBRUARY. 18. Suspension of the American Loan and Trust company of New York; deficit of $656,000. MARCH. 20. Suspension of the Keystone National bank of Philadelphia. Failure of the banking house of Theodore Schwartz & Co. at Louisville; liabilities, $750,000. 23. Suspension of the Washington National bank in New York city: shortage, $148,000. MAY. 4. Failure of J. H. Lippincott, of the American Graphophone company and North American Phonograph company, for $100,000. 8. Suspension of the Spring Garden bank and the Penn Trust and Safe Deposit company in Philadelphia. 12. Failure of Levy Bros. & Co., clothing manufacturers, in New York, for nearly $1,000,000. 19. Failure of Satterlee, Bostwick & Martin, insurance brokers, in New York, for over $100,000. 20. Assignment of the Davis Shoe company at Richmond, Va.; liabilities, $3,000,000. 25. Failure of Potter, White & Bayley, shoe manufacturers, in Boston, for $1,000,000. JUNE. 4. Assignment of the Connell-Hall-McLester company, dry goods house, in Nashville: liabilities, $464,000. 12. Failure of the London and Liverpool Clothing company and Mack & Co. in New York; liabilities over $250,000. 22. Failure of Sax Bros., bankers, in Nashville, for $600,000. 25. Assignment of the wholesale shoe firm of Emile Marqueze & Co., in Boston; liabilities, $460,000. JULY. 11. Failure of Hard Bros. & Co., spring bed makers, in Oneida, N. Y., for $125,000. 13. Failure of R. M. Bingham & Co., wagon makers, in Rome. N.Y., for $225,000. 20. Suspension of the Merchants' National bank of Fort Worth, Tex.; liabilities, $500,000. AUGUST. 2. Assignment of Abraham Backer, commission merchant and note broker, in New York; liabilities, $4,000,000. 8. Assignment of the Masonic Savings bank in Louisville, owing $1,000,000. 19. Receiver appointed for the American Wheel company, of Chicago, which has plants in six different states; liabilities, $1,800,000. 21. Seizure of the assets of the Mexican Northern railway in New York on a claim for $109,000. 22. Failure of S. V. White & Co., grain speculators of New York and Chicago, for nearly $3,000,000. OCTOBER. 10. Assignment of Jonathan Stewart, of Trenton; liabilities, $329,000. 22. Assignment of the Bank of Lewisburg, Tenn. NOVEMBER. 1. Failure of Maverick National bank in Boston; liabilities, $8,000,000. 7. Supension of National bank of Corry, Pa.: liabilities, $740,000. 10. Assignment of C. B. Paul, Louisville, lumber dealer, for $200,000. 12. Assignment of H. B. Smith & Co., New York ship brokers, for $300,000. 13. Failure of Louis Adler, New York cloak manufacturer, for $150,000. S. N. Stroube, California horse breeder, failed for $150,000. 15. Failure of Bonner & Bonner, bankers, for $500,000, in Tyler, Tex. 20. Shortage of $133,000 causes closing of Milford (Mich.) bank. 25. Failure of First National bank, Wilmington, N. C. 27. Assignment of New York banking firm of Field, Lindley, Wiechers & Co., with liabilities of over $1,000,000. DECEMBER. 1. Receiver appointed for Richmond, Nicholasville and Beattyville railroad, Kentucky; debt. $3,000,000. 11. $250,000 assignment by Francis H. Baker & Co., dry goods dealers of New York.
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MARCH, 20. Keystone National bank, Philadelphia, su> pended. Theodore Schwartz & Co., bankers, failed in Louisville; liabilities, $750,000. 23. Washington National bank suspended, New York: shortage, $148,000. MAY. 8. Spring Garden bank and the Penn Trust and Safe Deposit company suspended in Philadelphia. 12. Levy Bros. & Co., clothing manufacturers, failed in New York for nearly $1,000,000. 14. People's bank, of Knoxville, Tenn., failed. 20. Davis Shoe company, Richmond, assigned; liabilities, $3,000,000. 2. Star Rubber company, Trenton, failed for $500,000. 25. Potter, White & Bayley, shoe manufacturers, failed in Boston for $1,000,000. 27. Bunnel & Scranton, private bankers, failed in New Haven. JUNE. 4. Connell, Hall, McLester company, dry goods, assigned in Nashville; liabilities, $464,000. 12. London and Liverpool Clothing company and Mack & Co. failed in New York: liabilities over $250,000. 22. Sax Bros., bankers, failed for $600,000 in Nashville. 25. Emil Marqueze & Co., wholesale shoes, assigned in Boston; liabilities, $460,000. JULY. 19. R. M. Bingham & Co., wagon makers, failed in Rome, N. Y., for $225,000. 20. Merchants' National bank, of Fort Worth, Tex., suspended with $500,000 liabilities. AUGUST. 2. Abraham Backer, commission merchant and note broker, assigned in New York; liabilities, $4,000,000; Backer died of depression Dec. 9. 8. Masonic Savings bank, Louisville, assigned, owing $1,000,000. 19. American Wheel company, Chicago, with plants in six different states, went into roceiver's hands: liabilities. $1.800.000. 22. S. V. White & Co., grain speculators of New York and Chicago, failed for nearly $3,000,000. OCTOBER. 19. Jonathan Stewart, Trenton, assigned: liabilities, $329,000. 22. Bank of Lewisburg, Tenn., assigned. NOVEMBER. 1. Maverick National bank, of Boston, went into hands of comptroller: liabilities, $8,000,000. 7. National bank, of Corry, Pa., suspended; liabilities, $740,000. 10. C. B. Paul, lumber dealer, assigned in Louisville; liabilities, $200,000. 12. F. H. Smith & Co., ship brokers, assigned in New York; liabilities, $300,000. 15. Bonner & Bonner, bankers, failed in Tyler, Tex., for $500,000. 25. First National bank, Wilmington, N. C., failed. 27. Field, Lindley, Wiechers & Co., bankers and brokers, assigned in New York: liabilities, over $1,000,000. DECEMBER. 1. Richmond, Nicholasville and Beattyville railroad, of Kentucky, went into hands of receiver; $3,000,000 in debt. 11. Francis H. Baker & Co., dry goods, assigned in New York; liabilities, $250,000.
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JUNE 4. Assignment of the Connell-Hall-MeLester company, dry goods house, in Nashviller Habilities, $484,000. 12. Failure of the London and Liverpool ClothIng company and Mack & Co. in New York: Habilities over $250,000. 21. Failure of Sax Bros., bankers, in Nashville, for $000,000. 25. Assignment of the wholesale shoe firm of Emile Marqueze & Co., in Boston: Habilltics, $460,000. JULY. 11. Failure of Hard Bros. & Co., spring bed makers, in Onelda, N. Y., for $125,000. 13. Failure of R. M. Blugham & Co., wagon makers, in Rome, N.Y., for $225,000. 20. Suspension of the Merchants' National bank of Fort Worth. Tex.: Habilities, $500,000, AUGUST. 2. Assignment of Abraham Backer, commission merchant and note broker, in New York: Habilities, $4,000,000. 8. Assignment of the Masonic Savings bank in Louisville, owing $1,000,000. 10. Receiver appointed for the American Wheel company, of Chicago, which has plants in six different states: liabilities. $1,800,000. 21. Seizure of the assetsof the Mexican Northern railway in New York on a claim for $100,000. 22. Failure of S. V. White & Co., grain speculators of New York and Chicago, for nearly $3,000,000. OCTOBER. 19. Assignment of Jonathan Stewart, of Trenton: Habilities. $329,000. 22. Assignment of the Bank of Lewisburg, Tenn. NOVEMBER. 1. Failure of Maverick National bank in Boston: liabilities, $8,000,000. 7. Supension of National bank of Corry. Pa.: liabilities. $740,000 10. Assignment of C. B. Paul, Louisville, lumber dealer. for $200,000. 12. Assignment of H. B. Smith & Co., New York ship brokers, for $300,000. 13. Failure of Louis Adier, New York cloak manufacturer. for $150,000. S. N. Stroube, Californi horse breeder, failed for $150,000. 15. Failure of Bonner & Bonner, bankers, for $500,000, in Tyler, Tex. 20. Shortage of $133,000 causes closing of Milford (Mich.) bank. 23. Failure of First National bank. Wilmington. N. C. 27. Assignment of New York banking firm of Field. Lindley, Wiechers & Co., with Habillties of over $1,000,000. DECEMBER. 1. Receiver appointed for Richmond, Nicholasville and Beattyville railroad, Kentucky: debt. $3,000,000. 11. $250,000 assignment by Francis H. Baker & Co., dry goods dealers of New York.
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2. S. V. White & Co., grain speculators OD New York and Chicago, failed for nearly $3,000,000. OCTOBER. 9. Jonathan Stewart, Trenton, assigned: liabilities, $329,000. 2. Bank of Lewisburg, Tenn., assigned. NOVEMBER. 1. Maverick National bank, of Boston, went into hands of comptroller; liabilities, $8,000,000. 7. National bank, of Corry, Pa., suspended: liabilities, $740,000. 10. C. B. Paul. lumber dealer, assigned in Louisville: liabilities, $200,000. 12. F. H. Smith & Co., ship brokers, assigned in New York: liabilities, $300,000. 1. Bonner & Bonner, bankers, failed in Tyler. Tex., for $500,000. 15. First National bank. Wilmington, N. C., failed. 57. Field, Lindley, Wiechers & Co., bankers and brokers, assigned in New York: liabilities, over $1,000,000. DECEMBER. 1. Richmond, Nicholasville and Beattyville railroad, of Kentucky, went into hands of receiver; $3,000,000 in debt. 11. Francis H. Baker & Co., dry goods, assigned in New York: liabilities, $250,000.