a7fbb170Accommodated withdrawals, Full suspension, Books examined
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PAYMENT SUSPENDED. A Run on Banks Causes Excitement at Nashville. NASHVILLE (Tenn.), March 27.-To-day there was much excitement on the streets where the banks are located. Considerable uneasiness was felt as the result of Saturday's developments, and when the banks opened a small run was made on the First National, bnt the depositors got their money SO rapidly that they became convinced their fright was an error, and in nearly every instance redeposited. At
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of the quarrel that began when Mr. Voorhees received such prompt recognition at the White House. SMALL PANIC AT NASHVILLE. Carbstone Loungers Start Runs on the Banks -Two Small Ones Suspend Payments. NASHVILLE, Tenn.. March 27.-To-day there was some excitement on the streets where the banks are located. but the chief exoitement was caused by curbstone loung. ers, who were predicting the failure of the principal banks of the city, and whose conversation made doubting depositors somewhat uneasy. The business portion of the city was not at all agitated, and conducted busiLees as usual. At9 o'clock, the hour the banks open, quite a crowd had gathered at the corner of College and Union streets, in the vicinity of the banks, and when the doors of the banks were opened a small run was made on the First National. but the depositors got their money 60 rapidly that they became convinced that their fright was an error, and in nearly every instance redeposited. At the other large State and national banks' business went on as usual. In all of these banks the deposits during the day exceeded the withdrawals Two of the smaller banks, both doing business under State charters, at an early hour took advantage of the privilegee given them by the law, and required sixty days' notice of the withdrawal of deposits. Both of these banks had savings departments connected with them. and upon these two banks the principal runs were made. One of them. the Bank of Commerce, doing a small business with deposits amounting to about $50,000, suspended payments. though it might have availed itself of the eixty days' notice to depositore. This break is rather a bad one, but only email amounts. The Mechanics' Bank, another small State institution with a savings deposit department and having very many small creditors, opened its doors as usual, but soon it was evident that a run was being made upon it and the directors met and decided to take advantage of the law requiring sixty days' notice from depositors, and suspended payments. This bank will in all probability resume in a few days, as soon as the unquiet feeling disappears, as this bank has assets in excess of its liabilities, and only suspended for the benefit of all creditors. All the other banks transacted business as usual, and report deposits in excess of withdrawals. The feeling of uneasiness produced by the suspension, Saturday. of the Commercial National Bank has almost disappeared.
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NASHVILLE BANKS. Two More of them Go Into LiquidationPanic Over. NASHVILLE, Tenn., March 27. - -To-day there was much excitement on the streets where banks are located. Considerable uneasiness WAS felt as the result of Saturday's developments, and when the banks opened a small run was made on the First national, but depositors got money 60 fast they became convinced their fright was an error, and in nearly every instance redeposited. At other large state and national banks business went on as usual. Two of the smaller banks, both doing business under state charters. took-advantage early of the privileges given them by law and required sixty days notice of withdrawal of deposits. Both these banks had savings departments. and upon these two banks the principal runs were made. One of them, the Bank of Commerce, doing a small business, with deposits amounting to about $50,000, suspended payments, and made a general 818signment to the state laws for the benefit of all creditore. This break is rather a bad one. Another small state institution, with a saving department, and having many creditors, opened its doors as usual, but soon it was evident a run was being made and the directors decided to take advantage of the law requiring sixty days notice from depositors and suspended payments. This bank will, in all probability, resume in a few days, as it has assets in excess of liabilities and only suspended for the benefit of all creditors. The liabilities of the Bank of Commerce are $97,000, capital stock $27,500. Lewis T. Baxter. president, made a special assignment for the benefit of the bank and other creditors. No other assignments are reported and none are anticipated.
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ANOTHER NASHVILLE FAILURE. THE BANK OF COMMERCE MAKES AN AS SIGNMENT THE MECHANICS' BANK DEMANDS SIXTY DAYS' NOTICE OF WITHDRAWAL OF DEPOSITSCREDITORS OF BOTH LIKELY TO GET THEIR MONEY - PRECAUTIONS AGAINST RUNS ON OTHER INSTITUTIONS. [BY TELEGRAPH TO THE TRIBUNE.] Nashville, Tenn., March 27.-The Bank of Commerce of this city did not open its doors to-day at 9 o'clock, the usual time: and an hour or two later, after a conference of the directors had been held, an assignment was made. John T. Lellyette was named as assignee. The bank was a small one, its assets and liabilities being approximately as follows: Assets-Notes discounted, $76,000; real estate and cash, $21,700; total, $97,700. Liabilities-Capital stock paid in. $27,500; deposits, savings account, $14,000; deposits, special account, $15,000; general deposits, $19,000; profit and loss, $22,200; total, $97,700. The Mechanics' Savings Bank and Trust Company, capital $250,000, took advantage of the State law permitting sixty days' notice to be demanded before deposits can be withdrawn. At least a dozen small banks in adjacent towns are said to Le in temporary financial straits. The assignment of the Bank of Commerce was filed late in the afternoon. The closing of the doors was brought about by an apprehension that a run on the bank would be made in the course of the day. Under the State Banking laws the bank could have required small depositors in the savings department to give sixty days' notice of their intention to withdraw deposits. This, however, would not have prevented the withdrawal of regular deposits, which would leave the small depositors at a disadvantage. The directors there. fore decided, in the interest of all depositors alike, to close the bank. The failure of certain persons, who owe the bank large sums, to meet these obligations was the principal cause of the suspension. None of the directors or officers of the bank are indebted to the institution. Mr. Brooks, the cashier, thinks the stockholders, as well as the depositors, will be paid in full if the amounts due the bank can be collected, and that if only 50 per cent of the indebtedness can be collected the depositors ought to get all that is due them. The suspension of the Commercial National Bank on Saturday afternoon occasioned considerable excitement, which had, however, quieted down by this morning, a change of feeling largely due to the belief of various bankers that the depositors of the Commercial Bank would not lose anything. Before beginning business to-day all the banks had fortified themselves with money sufficient to meet all demands that might be made, and had arranged for large amounts in addition. There was a mild run for a while on the First National Bank, but the amount deposited largely exceeded the amount checked out. This was the case at all the banks in the city, men of means pouring ample funds into the vaults. At no time was there the least excitement. The depositors who felt panicky simply drew out their money and went quietly away. The First National was more crowded all the morning than any other bank. Everything was quiet at the American National Bank, and the doors were open till 4 o'clock. Several of the wealthy stockholders signed a notice, which was conspicuously displayed, pledging and binding their personal estates to satisfy any obligations of the bank. After a number of persons had entered the Mechanics' Savings Bank and Trust Company's office and several small checks had been cashed, the directors saw that a run was possible, and to prevent demoralizing excitement, decided to take advantage of the statute which gives a bank organized under the State laws the privilege of demanding a sixty-day notice from depositors before they can withdraw their deposits. Payments were accordingly stopped, and an explanatory notice was posted, which closed with an announcement that the bank would keep its doors open and continue to do business as usual, save that the sixty days' notice of withdrawals would be required for the present, and a denial of the rumor that the bank had sustained a loss by the suspension of the Commercial National Bank. After this business proceeded quietly as usual. United States Bank Examiner J. M. McKnight arrived in the city this morning, and at once took charge of the affairs of the Commercial Bank. S. J. Keith, president of the Fourth National Bank, said to-day that the situation was not nearly as bad as it might appear. Although one small bank had closed its doors permanently and another had availed itself of the sixty days allowed savings banks, yet it was evident that the other banks were amply prepared to take care of themselves. He added that the business condition of the city was entirely healthy.
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SUSPENDED PAYMENT Two Small Savings Banks at Nashville in Financial Difficulties. They Take Advantage of the Required Sixty Days' Notice. One of Them Will Probably Resume Business in a Few Days. All of the Other Banks Transacted Business as Usual. NASHVILLE. Tenn., March 27.-Today there was some excitement on the streets where the banks are located, but the chief excitement was caused by curbstone loungers, who were predicting the failure of the principal banks of the city, and whose conversation made doubtful depositors somewhat uneasy. The business portion of the city was not at all agitated, and conducted its business as usual. At 9 o'clock. the hour the banks open, quite a crowd gathered at the corner of College and Union streets, in the vicinity of the banks, and when the doors of the banks were opened a small run was made on the First National, but the depositors got their money so rapidly that they became convinced that their was an error. and in nearly every fright instance state and redeposited. At the other large national banks business went on as usual. In all of these banks the deposits during the day Exceeded the Withdrawals. Two the smaller doing of under banks, charters, both at business state an hour took privileges them by reearly given advantage the of law the the and withquired sixty days' notice of drawal of deposits. Both of these banks had savings departments connected with them. and upon these two banks the principal runs were made, one of them, the Bank of Commerce, doing a small business, with deposits amounting to about $50,000, suspended payments, though have of the to sixty it days might provided availed depositors, itself and made a under laws of all This a creditors. today the state general break for small the assignment is benefit amounts. rather bad one, but only for The Mechanics' bank. another small state institution with a savings department and having very many small creditors, opened its doors as usual, but soon it was evident that a run was being made upon it, and the directors met and decided to take advantage of the law requiring sixty days notice from depositors. and suspended payments. This bank will, in all probability. Resume in a Few Days, as soon as the disappears. as this has assets 111 excess of its for liabilities. bank unquiet and only feeling suspended All the benefit of all its creditors. the other banks transacted business as usual, and report deposits in excess of withdrawals. The feeling of uneasiness produced by the mercial there is no to peared, suspension and National bank Saturday has doubt almost of the that disap- Commorrow business will resuine its usual channels and the banks will have no further trouble. The officers of the Mechanics bank suspended are Lewis T. Baxter, president, and John Schardt, cashier. The officers of the Bank of Commerce assigned are J. H. Yarbrough, president, and J. N. Brooks. rashier. The liabilities of the Bank of Commerce are $97,000; capital stock, $27,500. The consensus of opinion of all the leading financial and business men of the city, is that the flurry is over and that the storm has expended its fury. As a result of the suspension of the Mechanies' the made a president, bank. Lewis special T. the assignment Baxter, bank for the benefit of and and none are other today Special are reported creditors. Bank Examiner No other assignments anticipated. J. M. Mcof has and is in city, Knight, Louisville, charge of the reached suspended the Commercial National bank.
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The Druggists' Bill, It is said that some of the druggists are inclined to look with favor upon the Gower bill provided they can get nothing else, although that complicated measure is a poor apology for the law originally desired by those who favor the sale of liquor for medicinal purposes by druggists. It is also said that when the bill comes up in the House tomorrow, an attempt may be made to substitute the original druggist bill for the bill presented by Mr. Churchill of Raymond for it. FINANCIAL PANIC. The Breaking of Three Banks in Tennessee Precipitates It. NASHVILLE, Tenn., March 27.-This city is in a state of panic. The streets are filled with hundreds of excited citizens. In addition to the failure of the First Commerce National Bank Saturday two more banks closed their doors this morning. They are the Mechanics Savings Bank, with a capital of $500,000, and the Bank of Commerce, with a capital of $250,000. The greatest uneasiness prevails in financial circles, It is expected that two other banks will be compelled to shut down. Over three. millions are involved in the failure of the three banks mentioned above. At least a dozen small banks in adjacent towns are in temporary financial straits. Another and "Salted" Account, Today there was some excitement on the sireets where the banks are located, chiefly caused by loungers who predicted the failure of the principal banks of the city. The business por ion of the city was not agitated. A small run was made on the First National, but the depositors got money so rapidly that they became convinced their fright was an error, and in nearly every instance redeposited. Two smaller banks, both doing business under state charters had savings departments connected with them. Upon these the principal runs were made. The Bank of Commerce, with deposits amounting to about $40,000 suspended payments and made a general assignment. The directors of the Mechanics' Bank decided to take advantage of the law requiring 60 days notice from depositors and suspended payments. This bank will probably resume in a few days as soon as the restless feeling disappears. Its assets are in excess of liabilities. All other banks transacted business as usual, and reported deposits in excess of withdrawals. Liabilities of the Bank of Commerce are $97,000, and the capital stock $27,400. All the leading financial and business men of the city think the flurry is over. As a result of the suspension of the Mechanics' Bank, Lewis E. Baxter, the president, has assigned. No other failures are reported. The statement of the Commercial Bank, which failed Saturday, shows assets of $2,294,000 and liabilities of $1,678,000.
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NASHVILLE BANKS FAIL. Three of Them Close Their Doors in Consequence of Runs on Deposits. NASHVILLE, Tenn., March 27.-Today there was much excitement on the streets where banks are located. Considerable uneasiness was felt as a result of Saturday's developments, and when the banks opened a small run was made on the First National. But depositors got their money so fast that they became convinced that their fright was an error and in nearly every instance redeposited. Atother large state and national banks business went on as usual. Two of the smaller banks, both doing business under state charters, took advantage early of the privileges given them by law and required sixty days' notice of withdrawal of deposits. Both these had savings departments and upon these two banks the principal runs were made. One of them, the Bank of Commerce, doing a small business, with deposits amounting to about $50,000, suspended payments and made a general assignment under the state laws for the benefit of all creditors. This break is rather a bad one. Another small state institution with a savings department and having many creditors, opened its doors as usual, but soon it was evident that a rush was being made and the directors decided to take advantage of the law requiring sixty days' notice from depositors and suspended payments. This bank will in all probability resume in a few days, as it has assets in excess of its liabilities, and only suspended for the benefit of all creditors. The liabilities of the Bank of Commerce are $97,000. and the capital stock $27,500. Lewis T. Baxter, president, made a special assignment today for the benefit of the bank and other creditors. No other assignments are reported and none are anticipated.
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MANY BANKS FORCED TO CLOSE. SUSPENSIONS CAUSED BY FINANCIAL DEPRESSION AND INABILITY TO REALIZE ON SECURITIES. Perry, Iowa, Aug. 9.-The Commercial Bank. a private institution of this city, made an assignment yesterday, caused by stringency in the money market and inability to realize on securities. Depositors will be paid in full. Assets are placed at $69,340; liabilities at $40,050. The Exchange Bank at Angus, another private concern, has also assigned to H. A. Rouse, of this city. Minneapolis, Aug. 9.-The Commercial Bank, a small local institution, closed its doors this morning. Its capital is $200,000; deposits, $400,000, and time deposits, $222,000. The loans and discounts at the last statement amounted to $642,000. The bank's officers state that depositors will be paid in full. Rochester, Minn., Aug. 9.-The Union National Bank closed this morning. There was no stampede, but slow withdrawals of deposits have reduced the bank's resources materially, and the depreciation of commercial paper had some effect in closing. The bank is solvent and will resume without the appointment of a receiver. The other banks are all considered solid. Waseca, Minn., Aug. 9.-The People's Bank of this city failed to open yesterday. The suspension was caused by a heavy run on the bank on Saturday and Monday. The assets are $135,000; liabilities, $67,000. Colfax, Wash., Aug. 9.-The Bank of Colfax, an old and reliable private institution, temporarily closed its doors yesterday on account of the general financial depression and inability to realize on securities. The bank's capital Is $100,000, and the assets exceed liabilities two for one. No runs have been made on other banks. Martinsville, Ind., Aug. 9.-Mitchell's Bank has published notice that it will go into voluntary liquidation on October 1, and that no more deposits or collections will be received. The bank has on hand twice as much cash as deposits. A stock bank will be organized to succeed this one. Nashville, Tenn., Aug. 9.-The First National Bank of this city suspended after banking hours this afternoon. A statement has not yet been given out.
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RESULT OF A RUN. Nashville, Tenn., Aug. 10.-The American National, one of the strong. est in the city, with a capital of $1,000,000, surplus $116,000, has suspended as a result of the run causod by the suspension of the First National last evening, 1. spite of the published card by the officers saying that the bank was perfectly solvent and pledging the personal estate to the depositors. A run is also in progress on the Fourth National, which has a capital of $1,000,000, and has a surplus of $200,000. It 18 considered perfectly solvent. The Safe Deposit Trust and Banking company has posted a notice that depositors are safe for every dollar.
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Another Tennessee Bank Gone. NASHVILLE, Tenn., Aug. 12.The People's bank, at Lewisburg, failed to open its doors this morning. The suspension is due to the suspension of the First National and American National banks. of Nashville constant drain by depositors, and failure to collect money. The President and cashier, state that the bank is in a first-class condition, and they are confident that it will be able to resumd in a few days, or as soon as a meeting of the stockholders and depositors can be held. There is no excitement at Lewisburg, on account of suspension.
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Due to Other Suspensions. By Associated Press to The News. NASHVILLE, Aug. 12.-The People's Bank at Lewisburg failed to open its doors this morning. The suspension is due to the suspension of the First National and American National Banks of Nashville; the constant drain by depositors and the failure to collect money. The president and cashier state that the bank is in first class condition, and they are confident that it will be able to resume in a few days, or as soon as a meeting of the stockhold. ers and depositors can be held. There is no excitement at Lewisburg on account of the suspension.
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MORE BANKS CLOSE THEIR DOORS. INSTITUTIONS IN MANY STATES FORCED TO SUSPEND. Lancaster, Penn., Aug. 12.-The following notice was posted on the doors of the bank of E. K. Smith, at Columbia, this morning: "Closed for the present to Hquidate." Mr. Smith refused to say anything about the closing beyond that it was due to the stringency of the money market. Deposits are estimated at $100,000, and it is believed depositors will be paid in full. Business will not be resumed. E. K. Smith confessed judgment last night in favor of his wife in the sum of $36,167 4 Nashville, Tenn., Aug. 12.-The People's Bank at Lewisburg failed to open its doors this morning. The suspension is due to the suspension of the First National and American National Banks of Nashville, a constant drain by depositors and failure to collect. The president and cashier state that the bank is in first-class condition, and they are confident that it will be able to resume in a few days or as soon as a meeting of the stockholders and depositors can be held. There is no excitement at Lewisburg on account of the suspension. Cadsden, Ala., Aug. 12.-The First National Bank suspended payment this morning, with a capital stock of $50,000, deposits of $80,000. The directors assure depositors that they will be paid in full. Terre Haute, Ind., Aug. 12.-The Prairie City Bank, a private institution of this city, made an assignment this morning to B. V. Marshal. J. S. Beach, its president, is also treasurer of the Terre Haute Savings Bank, but owes that bank nothing. He has assigned all his property for the benefit of his creditors. There is no indication of a run on the other banks. Monticello, III., Aug. 12.-The banking house of W. W. Beatty, known as the Mansfield Bank, at Mansfield, III., made an assignment yesterday to A. J. Langley, whose bond was fixed at $25,000. The liabilities are $106,759, and assets $135,000, principally real estate in Platt County and Chicago. McAllister, 1. T., Aug. 12.-The South McAllister Bank has gone into liquidation for the purpose of suspending. All depositors will be paid in full. The National Bank of Denison is winding up the affairs of the suspended bank. San Francisco, Aug. 12.-On application of several creditors, Judge Garber made an order yesterday afternoon citing the Pacific Bank to show cause or August 24 why it should not be adjudged insolvent, and surrender its estate for the benefit of its credItors.
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Financial and Commercial. The Bank of Wellsburg at Wellsburg, W. Va., closed its doors. The assets are $300,000, with liabilities said to be not over hat that amount. The First national bank of Nashville, Tenn., suspended. It claims assets o $3,047,983. The City savings bank also suspended. The Bank of Colfax, at Colfax, Wash., suspended. The Commercial Bank of Minneapotis, Minn., suspended. New Orleans savings banks will require from depositors 60 days' notice of intended withdrawais. There was a run on the Germania savings bank on Tuesday. The Caldwell County bank of Kingston, Mo., and the Exchange bank of Polo, Mo., have closed their doors. The First Na ional Bank of Fort Scott, Kansas, the oldest bank in Kansas, which suspended recently has resumed. The American National Bank, Nashville, Tenn., has suspended payment. The Safe Deposit Trust and Banking Company has suspended temporarily. The Hamilton county state bank. Web ster City, Ia., one of the oldest and best banks in Iowa closed its doors on account 01 inability to realize on assets.
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that the pay-roll is $800,000 H. Meister, a Bavarian who in this country from German -five years ago, killed his mself at their home in Brooklyn ter was a baker and had mad ine of $100,000. am Stewart struck Charle tt with a brick at Lima, him. Crockett had refused tewart some money. This cause sault. Stewart was arrested. esses at Providence, R. I., in arneby murder case, have agree end the second trial of 3, to be held at Denver in asked man boarded a motor aha and covered the motorman tor and two passengers with volver. He secured severa of nickels from the conducto caped. A. Hoffman killed himself irg, Pa., by jumping from f a house. He was a victim is melancholia and had been insane asylum but tweney-fou Johnson, a negro, arrested worth, Kas., August 1, on of vagrancy, has been identifie man who robbed the Adam si company's safe at Nebrask - $800. Altgeld, of Ilinois, has to ten years the sentence Robinson, who was convicted rson county in 1887 of murde entenced to the penitentiary Tears. u Vanderberg was arrested worth, Kas., for using the mail udulent purposes. He was boun n $500 to await the action and jury. He advertised a d had many victims. B Sujinp "III a stroke of lightning struck ing machine killing one man, named Benson, and two horses hreshing machine caught he lightning and was destroyed First National bank of Nashville has closed its doors. Its indi deposits amount to $1,005,507 ity Savings bank, of the as decided to suspend paymen ty days. The assets are $151, d deposits $40,707.
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GILLIE, September 2. NEWSY GLEANINGS. Items of Interest from Various Points in Tennessee. About eight car-loads of negroes passed through Memphis Tuesday, en route to the coal mines situated in southwestern Kansas. They were all from the vicinity of Birmingham, Ala. The army of Tennessee will be removed from Big Mountain and Coal Creek this week. The troops at Fort Anderson were removed to Yarnell Station Tuesday, and those at Big Mountain were removed to Knoxville yesterday. Quite a flutter has been created in Chattanooga social circles by Judge Moon, who recently charged the grand jury that the playing of progressive euchre for prizes is gambling, and instructing them to indict persons who play euchre or other games for prizes. The doors of the American National Bank of Nashville, were opened Monday after having been in the hands of a receiver for several weeks. On the first day of its resumption of business $7,000 were paid out and $360,000 taken in. Evidently it was confidence returning with a rush. The First National Bank, which is now in the hands of a receiver, will reopen the first of next week.
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Bank to Resume Monday. Nashville, Sept. 9.-The First National Bank of this city, which suspended Aug., 10, gave public notice yesterday, that, Monday next it would resume business.
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More Banks Resuming. NASHVILLE. TENN., Sept. 9.-The First National Bank of this city, which suspended Aug. 10th. gave public notice yesterday that Monday next it would resume business.
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FACTORIES ARE OPEN. LARGE NUMBERS OF IDLE MEN GIVEN EMPLOYMENT. BRIGHTER OUTLOOK VISIBLE. Manufactories Resume Business, and the Wave of Prosperity Sends Gladness to Many Persons - Banks Reopen Their Doors, and Business Regains New Life. PITTSBURG, Pa., Sept. 11.- large number of idle men were given employment today by the resumptions of numerous iron and steel plants. For the first time since June 30 every department in Jones & Laughlin's American works was in operation, giving employment to 3,500 men. Sixteen additional furnaces were put in operation at the Nationol Tube works, and the sheet mill of Moorhead, McLean & Co. was started, The Carbon Steel works went on "double turn," and the bar mill, two heating furnaces, two puddling furnaces and four sheet mills of the United States Iron and Tin Plate works started up with full forces. Zug & Co.'s plant also resumed on single turn, and other plants are preparing to start. WASHINGTON, Sept. 11. - National banks reopened today as follows: The First National Bank of Provo, Utah; the First National Bank of Nashville, Tenn.; the First National Bank of Lemars, Io. Of the 154 failed banks up to date 61 have reopened. 58 are in the hands of receivers, 34 in the hands of examiners. and 1 has gone into voluntary liquidation. ERIE, Pa., Sept. -The wave of returning prosperity has struck Erie, and many of the shops that had reduced the hours of their employes will soon be working on full time. The immense plant of the H. F. Watson Paper company started today with its full force of 900 men. The Erie Forge works also started this morning with a full complement of men. ERIE, Pa., Sept. 11. - The H.F.Watson Paper company, which has been running on half time, started this morning on full time with a full force of 900 employes. The Erie Forgo works, which has been shut down completely, also started this morning with a full complement of men. GALLIPOLIS, O., Sept. 11. -The Gallipolis and the Fuller-Hustonpiller furniture about 300 men, resumed factories, operations employing this morning. PROVIDENCE, R. 1., Sept. 11.-The mills of the Crompton company at Crompton, which have been closed since Aug. 7, started this morning. SOUTHINGTON, Conn., Sept. 11.-All the factories of the Peek, Stowe & Wilcox company at Plantsville, East Berlin and this place, started up this worning on full time.
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National Banks Resume. WASHINGTON, Sept. 11.-National banks reopened to-day. as follows: The First National Bank of Provo, Utah: the Western National Bank of South Pueblo, Col.: the First National Bank of Nashville, Tenn.. and the First National Bank of Nemars. Iowa. or the 154 failed banks up to date. 61 have resumed.* 58 are in the hands of receivers. 34 in the hands of examiners, and 1 has gone into voluntary liquidation.
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FINANCIAL AND COMMERCIAL. he first national bank of Nashville, Tenn., which suspended August 10, has resumed. The national bank of Sturgis, Mich., has been permitted to reopen its doors.
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Nashville Banks Open Again. The American National bank reopened its doors after being closed nearly four weeks. Only $7,000 was withdrawn, while the deposits amounted to $360,000. The First National has also resumed, and has promises of support. Both of these banks were absolutely sound, but closed b cause of a threatened run.
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National Banks To Reopen. WASHINGTON, Sept. 12.-The following national banks which recently suspended payment have been permitted to reopen: First national bank of Provo, Utah: Western national of South Pueblo, Col: First national of Nashville, Tenn., and the First national of Lemars, Ia.
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of Calhoun; affirmed. Leontine Hesdorffer vs. Effie Green Hiller et al., circuit of Madison; reversed and remanded. J. M. Ladner vs. H. G. Smith, chancery of Lamar; motion to revive and dismiss sustained. Rufus Page vs. Pine Export Company, circuit of Harrison; suggestion of error overruled. Gulf & Ship Island Railroad vs. R. J. Buddendroff, circuit of Harrison; suggestion of error overruled. R. F. Tate vs. R. R. Scott, circuit of DeSoto; affirmed. F. V. Brahan vs. city of Meridian, chancery of Lauderdale; affirmed and dismissed. Yazoo and Mississippi Valley Railroad VS. Parrish & Co., circuit of Tallahatchie; affirmed. By Potter, J. C. Johnston, state revenue agent, vs. Puffer Manufacturing Company, chancery of Hinds; motion to set forward sustained. Mrs. S. P. Southworth VS. Pearley Brister, circuit of Leflore; affirmed. T. H. Montgomery, sheriff and administrator, and the state of Mississippi vs. Mutual Life Insurance Company of New York et al.; affirmed. First National Bank of Nashville, Tenn. vs. W. T. Bennett, receiver et al., chancery of Tishomingo; reversed and remanded. New Orleans, Mobile and Chicago Railroad Company vs. J. T. Young, circuit of Union; affirmed. Illinois Central Railroad VS. T. J. Tandy, circuit of Clay; affirmed. Laurel Compress Company VS. Geo. B. Power and Oscar Newton, trustees of Farmers' Warehouse Company, circuit of Jones; reversed and remanded. R. O. Brassfield vs. New Orleans, Mobile and Chicago Railroad. circuit of Winston; affirmed. Yazoo and Mississippi Valley Railroad Company vs. J. N. Sibley, circuit of Coahoma; affirmed. Louisville and Nashville Railroad