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Not Paying Today. NASHVILLE, Tenn, Aug. 10.-The American National bank has suspended payment. The Safe Deposit Trust and Banking company has taken advantage of the 60 days notice.
20953. Safe Deposit Trust & Banking Company (Nashville, TN)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- private
- Start Date
- August 10, 1893
- Location
- Nashville, Tennessee (36.166, -86.784)
Metadata
- Model
- gpt-5-mini
- Short Digest
08c4f62c
Response Measures
None
Description
The Safe Deposit Trust & Banking Company posted a 60-day notice and suspended payment on/around 1893-08-10 (no run on this bank reported). It subsequently made a general assignment for the benefit of creditors (assignment/closure) on 1893-10-08. Cause of the initial suspension appears to be contagion from other Nashville banks (panic after First National suspension), not an independent run or misinformation. OCR corrections: none substantive beyond normal punctuation.
Events (2)
1.
August 10, 1893
Suspension
- Cause
- Local Banks
- Cause Details
- In view of the excitement after the suspension of First National (and runs on other Nashville banks), directors invoked the charter clause requiring 60 days' notice and posted a suspension notice; articles state there was no run on this bank.
- Newspaper Excerpt
- The Safe Deposit Trust and Banking company has taken advantage of the 60 days notice.
- Source
- newspapers
2.
October 8, 1893
Receivership
- Newspaper Excerpt
- The Safe Deposit Trust and Banking Company of this city has made an assignment for the benefit of its creditors. Liabilities $224,056; assets estimated about the same. Lack of business is assigned as the cause of the failure.
- Source
- newspapers
Newspaper Articles (23)
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IN WALL STREET TODAY. Prices Advanced Sharply After Early Depression. Special Dispatch to The Evening Star. NEW YORK, Aug. 10. London prices came from 1-4 to 1 per cent lower this morning owing to the raising of the rate of discount by the Bank of England a full cent from 3 to 4 per cent, and the few orders from that center were to sell stocks. Our market sympathized with London, opening lower all around, but the depression was of short duration, as the condition of the loan market, every active stock on the list commanding a premium, ranging from 164 on Western Union to 1-8 on Lackawanna, and New York Central, led to the suspicion that London had been "rigged" for effect here, and the bears began to cover their contracts, the whole list advancing quite sharply. Then came the usual lull and traders reaction, incidental to the narrow speculation, and a stagnant market prevailed until shortly before the noon hour, when rumors that five million dollars in gold had been engaged abroad for shipment to this side: that favorable news from Washington had been received by the more prominent financial people in the "street," and that the Clearing House Association had cancelled between three and four millions of the putstanding loan certificates, started the bears to running again, the scenes on the floor resembling those of the bear panic of last Friday and Saturday. Nashville and Chattanooga stock was a notable exception to the rest of the list, for instead of sharing in the general advance, it broke rapidly ten points under last night's bid price, on the receipt of dispatches from Nashville reporting great excitement in that city and the failure of three banks in addition to the First National, which was announced late yesterday afternoon. These were the American National Bank, capital, one million; the Safe Deposit Trust and Banking Company, capital, one hundred thousand dollars, and the City Savings Bank, capital, one hundred thousand. The currency famine continues unabated, the premium paid being from 3 to 5 per cent with the bulk of the business at 4. There was another abvance in sterling early this morning, and later in the day, still another, almost sensational in its character, was made, cables selling as high as 490 1-2, and that price is bid for more. Under ordinary circumstances this would mean exports of gold, were it not for the premium that obtains on this side, as it is about two millions were engaged abroad for shipment to America. Silver bullion displayed surprising strength. The first bid this morning was 76 for 100,000 ounces, against 75 1-4 for 1,000 last night. This bid was gradually increased a half a cent at a time, until 78 1-2 was reached, at which price the amount noted changed hands. Money on call opened at five; highest loan six, and the last four per cent. Time money very difficult to find, loaners showing no disposition to part with their hoardings for stated periods. Clearing house statement: Exchanges, $76,761,014; balances, $3,778,005; . United $136,595. States assistant treasury, debit balance, On the bulge in prices business fell away to almost nothing, but only a slight reaction ensued, and at 2:30 market, though very dull, presents a firm front and looked as though it might close higher.
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PANIC AT NASHVILLE. The American National and Two State Banks Temporarily Close Their Doors. NASHVILLE, Tenn., Aug. 10.-Yesterday at the close of banking hours there were six banks doing business in this city. Last night the City Savings Bank directors decided not to open this morning. having fol. lowed the suspension during the afternoon of the First National by this resolve. This morning at 7:30 the directors of the Safe Deposit Trust and Banking Company held a meeting and, being a State institution, decided to take advantage of the sixtydays' clause and posted a notice to that effect and temporarily suspended. No state. ment is ready for publication. but the secretary. W. H. Mitchell, says they hope to resume in a short time and have only suspended to prevent a sacrifice of the assets. This is essentially d trust concern. but also does a banking business. At 9 o'clook the American National Bank, one of the oldest and soundest banking institutions in the city, opened its doors in the presence of a large and expectant crowd. The room was soon filled and it was evident a run had begun. In threequarters of an hour large checks amounting to 895,000 had been presented and paid,
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BUSINESS DIFFICULTIES. The Banks of Nashville Experience Hard Times. NASHVILLE, Tenn., Aug. 10. - -The First National bank of this city, the oldest national institution south of the Ohio river, closed its doors this afternoon. Capital $1,000,000, deposits $1,000,000, surplus fund and undivided profits $100,000. The directors of the Fourth National bank and other capitalists representing several millions of property have signed a guarantee pledging themselves and their individual estates to the payment of all deposits. Bank Examiner Plumle is in charge. It is believed the bank will resume in sixty days. The directors of the City Savings bank held a meeting to-night and decided to suspend payment for sixty days. The bank is considered solvent. Deposits $40,707, assets $151,499. An uneasy feeling povails. The American National, one of the strongest in the city, capital $1,000,000, surplus $116,000, suspended AS a result of a run caused by the suspension of the First National, in spite of a published card by the officers ea ing the bank was perfectly solvent, and pledging their personal estates to depositors. A run also set in on the Fourth National, but it is considered perfectly solvent. The Safe Deposit Trust and Banking company, posted a notice that depositors are safe for every dollar. EBENSBURG, Pa., Aug. 10. .-Johnston, Buck & Co., with banks here and at Carrollton and Hastings, suspended. They claim Assets in excess of liabilities. LAFAYETTE. Ind., Aug. 10.-The - O'Brien Wagon works failed; liabilities $100,000. LEROY, N. Y., Aug.-Lathrop's bank failed. It is claimed it will pay in full.
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A NUMBER OF ADDITIONAL ASSIGN. MENTS DURING THE DAY. Banksand Other Business Houses Continue to Close Their Doors and Several Mills Shut Down- Others Resume Work. NASHVILLE, TENN., August -The suspension of the First National Bank last evening was followed to-day by the suspension of payment by the American National Bank, one of the largest and strongest in the city, The bank has a capital stock of $1,000,000 and a surplus of $116,000. When the bank opened for bus iness at the usual hour there were many depositors about its doors, and soon a run was made. The crowd was very orderly. and were paid as rapidly as possible. Meanwhile a run began on the Fourth National Bank, which has a capital stock of $1,000,000, and a surplus fund of $200,000. and is regarded by business men as perfectly solvent. The directors of both the American and Fourth National Banks published cards this morning to the effect that their banks were perfectly solvent, and also pledging their personal estates to the payment of depositors. The run on the American National Bank was stopped at 9:30 o'clock by the announcement of the fact that they would suspend payment. The directors of the Safe Deposit, Trust and Banking Company met at an early hour and decided, in view of the excitement prevailing, to take advantage of the clause in their charter requiring depositors to give sixty days' notice of withdrawal of deposits The board posted a notice stating that the depositors are absolutely safe for every dollar they have in the bank. There was no run on this bank, and but few depositors presented checks for payment. WASHINGTON, D. C., August 10.Comptroller Eckels has ordered Bank Eaxaminer Plumbly to take charge of the failed First National Bank of Nashville, Tenn., and Examiner Provoost, of of the failed Union National Bank, Rochester, Minn. KINGSTON, MO., August 10. The Caldwell County Bank, at this place, and the Excange Bank, of Polo, closed their doors yesterday morning. Both banks were owned by John D. Cox. There is no run on the other banks. EBENSBURG, PA., August 10. The banking firm of Johnston Buck & Co., of this place, conducting banks at Ebensburg. Carrollton and Hastings, closed their doors at noon to-day, and placed the following notice at the entrance: "We have assets in excess of our liabilities, but, owing to the constant demand for currency in the last twenty-four hours, we consider it to the best interest of the all concerned to suspend payments for present." The bank will resume business as soon as the financial panic subsides. INDIANAPOLIS IND., August 10.-J. M. Rider, wholesale cigar and liquor dealers. assigned yesterday with assets and llablities in the neighborhood of $10,000. He has been dealing in non-union cigars, and four years ago the Cigarmakers' Union began a systematic boycott upon him, which has been vigorously prosecuted ever since. To this he ascribed his failure. LAFAYETTE, IND., A'ugust 10.- The Bryan Wagon Works this morning went into the hands of a receiver. Jacob M. Marks was appointed. Liabilities of the company are placed at $100,000 The assets, it is claimed, will much more than pay out, if they can be realized on. WABASH, IND., August 10.-John E. Figert, manufacturer of wagons and carriages at Disko, this county, and an extensive land owner in the same neighborhood. made an assignment for the benefit of his creditors. No statement of his liabilities and assets has been made, but, it is asserted, all claims will be paid in full. LAFAYETTE, IND., August 10.-The Physicians' Electrical Supply Company assigned yesterday to Isaac Russell. The concern has been a prosperous one, but inability to collect money due forced the assignment. No statement as to liabilities and assets. It is thought the company can pay dollar for dollar on the indebtedness. MITCHELL IND., August 10.-Many quarries in this county have shut down stone indefinitely on account of the lack of demand for stone. Hundred of lahorers are out of employment and without means of support. CINCINNATI, OHIO, August 10 ).-The distilleries belonging to the Whiskey Trust will be shut down as a result of the government order requiring payment of taxes in currency. W. N. Hobart, of the trust, has returned from Peoria, treasurer where be has been in consultation with President Greenhut. As the result of the conference the order to shut down will go forth. PUEBLO, COL., August 10.-The steel plant of the Colorado Fael and Iron Com- Monpany here will resume operations with a full force of 1,600 men, after day a shut down for three weeks for repairs. The company has large orders ahead, and will run for a year, it is.said, without a cessation of operations. PHILADELPHIA, PA., August 10.Bromley & Sons' extensive carpet mills in Kensington, the manufacturing cuburb Philadelphia, whose mills shut Town last week, of temporarily hands have rearnoed operations. About 3,000 are employed. PROVIDENCE, R. I., August a-The B. B. and R Knight mills, which have been idle the past week, will start up Monday next. The firm operates mills in Portiac, Natick, River Point, Arctic, Fisheville, Arkwright, White Rock and this city in this State, and in Hebronville, Dodgeville, Manchaug and Readville in Massachusetts, employing between 7,000 and 9,000 hands. NEW HAVEN, CONN., August 10.The North and South foundries of the big Sargent Company's works were shut down last night and will run only three days a week, beginning on Monday next 200 men are are manuand that the say factured About they goods, overstocked affected. with The demands firm are very light.
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RUN TO A CLOSE. Two Nashville Banks Succumb to the Pressure. Nashville, Tenn., Aug 0.-The suspension of the First National Bank last evening was followed to-day by the suspension of payment by the American National Bank, one of the largest and strong est in the city. The bank has a capital stock of $1.000,000 and a surplus of $1e6,000. When the bank opened for business at the usual hour there were MANY DEPOSITORS ABOUT ITS DOORS, and soon a run was made. The crowd was very orderly and were paid as rapidly as possible. Meanwhile a run began on the Fourth National Bank, which has a capital stock of $2,000,000, and a surplus fund of $200,000, and is regarded by business men as perfectly solvent. BOTH BANKS SOLVENT. The directors of both the American and Fourth National banks published cards this morning to the effect that their banks were perfectly solvent, and also pledging their personal estates to the payment of depositors. The run on the American National bank was stopped at 9:30 o'clock by the announcement of the board that they had decided to suspend payment. The Fourth National continued to pay depositors as fast as checks were presented, and at this hour (10 o'clock) is still doing so. Directors of the Safe Deposit, Trust and Banking Company met at an early hour and decided in view of the-excitement prevailing to TAKE ADVANTAGE OF THE CLAUSE. of their charter requiring depositors to give sixty day's notice of withdrawal of deposits. The board posted a notice stating that the depositors are absolutely safe for every dol'ar they have in the bank. There was no run on this bank, and but few depositors presented checks for payment.
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NASHVILLE'S TURN For One of the Current Financial Stampedes. TWO BANKS CLOSED BY PRESSURE And One Fighting for Its Life-All Own Abundant Collateral, But Depositors Will Not Be Assured-Grand Rapids Furniture Factories Begin a Policy of Retrenchment - Currency Famine at Gotham Abating. NASHVILLE, Aug. 11.-The suspension of the First National bank, simply because with a safe full of gilt-edged collaterals it could not get any money, caused intense uneasiness in financial circles and the directors of the other national banks, the Fourth and the American; went into very errnest conference. They both decided to open their doors as usual and try to stand the run that was sure to come, and as expected the streets on which these banks are situated were crowded with people long before the time for opening arrived. The doors were hardly opened before the rush commenced and increased every minute. In twenty-five minutes from the opening, the American National had paid out $75,000 and decided to close, finding the run much greater than they expected. The bank has $1,000,000 capital and about $1,000,000 deposits, and was immediately put in the hands of Bank Examiner Plumlee, who came here to take charge of the First National. The American National bank officials state that the bank is perfectly solvent, and that it will resume business as soon as the comptroller of the treasury will permit. At the time of the closing the house was crowded with anxious depositors, who accepted the announcement quietly and went out in an orderly manner. The line in front of the teller's desk at the Fourth increased every moment and extended far Into the street, but all were paid ard the bank officials said they would weather the storm. Many prominent local financiers, however, thought it a matter of a short time only when the bank would be forced to close. This bank has $1,000,000 capital and considerably over $1,000,000 deposits, and is looked upon as one of the strongest banks in the south. The Safe Deposit Trust and Banking company, with a capital stock of $100,000, did not open. and posted a notice on its doors that because of inability to realize on collateral it had availed itself of the privilege of sixty days' notice of intention to withdraw deposits. The crowds about the banks was increasing but very orderly and seemed inclined to take things philosophically.
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Financial Troubles at Nashville, NASHVILLE, Tenn., Aag. 11.-The merican National bank has suspended ayment. The Safe Deposit, Trust and Banking company has taken advantage the 60 day notice.
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RUNS ON NASHVILLE BANKS. THE AMERICAN NATIONAL SUSPENDS-DIRECTORS PLEDGE THEIR PERSONAL ESTATES TO THE PAYMENT OF DEPOSITORS. Nashville, Tenn., Aug. 10.-The suspension of the First National Bank last evening was followed to-day by the suspension of payment by the American National Bank, one of the largest and strongest in the city. The bank has a capital stock of $1,000,000 and a surplus fund of $116,000. When the bank opened for business at the usual hour there were many depositors about its doors, and soon a run was made. The crowd was orderly, and was paid as rapidly as possible. Meanwhile a run began on the Fourth National Bank, which has a capital stock of $1,000,000 and a surplus fund of $200,000, and is regarded by business men as perfectly solvent. The directors of both the American and Fourth National banks published cards this morning to the effect that their banks were perfectly solvent, and also pledging their personal estates to the payment of depositors. The run on the American National Bank was stopped at 9:30 o'clock by the announcement of the board that they had decided to suspend payment. The Fourth National Bank continued to pay depositors as fast as checks were presented. The directors of the Safe Deposit, Trust and Banking Company met at an early hour, and decided, in view of the excitement prevailing. to take advantage of the clause In their charter requiring their depositors to give sixty days' notice of withdrawal of deposits. The board posted a notice stating that the depositors are absolutely safe for every dollar they have In the bank. There was no run on this bank, and but few depositors presented checks for payment. The Merchants' and the Union Bank and Trust Company Bank, State banks, are solid, no runs being made on them.
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A FLURRY AT NASHVILLE. A Run Closses a Solvent Bank-Another One Hard Pushed. NASHVILLE, Tenn., August 10.-The American national bank suspended payment to-day. The bank has a capital stock of one million dollars and a surplus fund of one hundred and sixteen thousand dollars. When the bank opened for business at the usual hour there were many depositors about its doors and soon a run was made. Meanwhile a run began on the Fourth National bank which has a capital stock of one million dollars and a surplus fund of $200,000. The directors of both the American and Fourth National banks published cards this morning to the effect that their banks were perfectly solvent and also pledging their personal estates to the payment of depositors. The run on the American National bank was stopped at 9:30 o'clock by the announcement of the board that they had decided to suspend payment. The Fourth National bank contin ued to pay depositors as fast as checks were presented and at this hour (10 o'clock) is still doing so. The directors of the Safe Deposit, Trust and Banking company met at an early hour and decided in view of the excitement prevailing to suspend temporarily.
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Another One Closes. Nashville, Tenn., August 10.-The suspension of the First National bank last evening was followed today by the suspension of payment by the American National bank, one of the largest and strongest in the city. The bank has a capital stock of $1,000,000 and a surplus of $116,000. The run on the American National bank was stopped at 9:30 o'clock by the announcement of the board that they had decided to suspend payment. The Fourth National bank continued to pay depositors as fast as checks were presented and at this hour, 10 o'clock, is still doing 60. The directors of the Safe Deposit, Trust and Banking Company met at an early hour and decided in view of the excitement prevailing to take advantage of the clause in their charter requiring depositors to give sixty days' notice of withdrawal of deposits. The board posted a notice stating that the depositors are absolutely safe for every dollar they have in the bank. There was no run on this bank and but few depositors presented checks for payment.
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CONDENSED NEWS THE Bank of England has raised its rate of discount from 3 to 4 per cent. Revised estimates place the total loss from the Menneapolis fires at $1,084,500, with a total insurance of $736,000 The Treasurer of Holt county, Nebrasky, has fled, presumably to Mexico, leaving a shortage in his accounts of about $60,000. Three women and a child were drowned in the Tennessee river near Chattanooga by a naphtha launch being sunk by a barge. Two fires started, it is thought, by incendiaries destroyes over a million dollars' worth of property at Minneapolis Tuesday. The EACNING Bazoo, of Sedalia, Mo., after a life of nearly twenty-five years, has been compelled to suspend on account of financial stringency. During the past seven days throughout the United States there were 394 business failures, rs compared with 434 the week before and 160 the corresponding week last year. Mrs. Dora Webber, a handsome young widow, is under arrest in Indian Territory for horse stealing. She was an associate of the notorious Belle Star, and was in command of a gang of horse thieves. The Executive Committee of the Board of Directors of the World's Fair have accepted the resignation of Musical Director Theodore Thomas, and it was also decided to disband his orchestra of 114 pieces. A congress of the negroes of the Southern States is in session at Birmingham, Ala. "The Race Question," "The Negro and His Destiny," "Africa and Its Fuiure" are ome of the topics that will engage the attention of the congress. The American National Bank, one of the oldest and strongest institutions of Nashville, has been comnelled to suspend for want of ready cash. The Safe Dedosit, Trust and Banking Company of the same place, has suspended for sixty days. The steamship Normania, from Liverpool, landed at New York Tuesday with 906,967 pounds of goid aboard. Two hundred and twenty thousand pounds, were withdrawn from the Bank of England Monday for shipment to Am rica. The outlook in the iron and steel trade at Pittsburg, was brighter Tues day than at any time since the mills shut down Several mills resumed an over a the usand men were put to work. Within the next few days fifteen thousand more men will be given employment.
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A PRESUMABLY incendiary are at Port Hur Mich., on the 7th, destroyed the entire block of fifteen buildings near the Butler-street wharf known as "Flatiron Point." The buildings destroyed were tenanted by poor people, who lost most of their household effects. ON the 8th Howard W. Grear, ex-telegraph operator from El Dorado: Arthur Hanseher, express messenger and Jack Beck. clerkat the Occidental Lotel, were arrested at Wichita, Kas., for the robbery of the United States express wagon on the streets of that city on the night of July 29, and $5,000 of the stolen money was recovered. THE British wheat crop, says) the Mark Lane Express of the 8th, is now estimated at 7,000,000 quarters. This leaves 21,000,000 to be imported. Deducting the stock left over from 1892, there will be needed 19,000,000 quarters. It is not easy to see where this supply is to come from. It will absorb all the good crops of Russia. India and southern Europe to fill the requirements. THE Cadwallader Milling Co.'s boiler at Fostoria. O., exploded, on the 8th, instantly killing G. C. Davis, secretary of the company, and fatally injuring Fred C. Meredith, book-keeper, Calvin Robbins, James Long and James A. Minnick, the engineer: loss, $20,000. ON the 8th Fred A. Hoffman jumped from the roof of his uncle's house in Pittsburgh, Pa., and died almost instantly. He was a native of Butler, and had just left Dixmont insane asylum, after eight months' treatment. He leaves a widow and two children. THE gold in the national treasury. on the 9th. was $3,157,854 above the $100,000,000 gold reserve. THE Lin en Steel Co., one of the largest manufacturing concerns in Pittsburgh. Pa., suspended operations on the 9th. All the employes, about 800, were discharged. A HEAVY earthquake shock was felt in San Francisco shortly after o'clock on the morning of the 9th. Twoshocks were experienced at San Diego on the 8th. THE convicts in the Kentucky state prison at Frankfort another made attempt to blow upthe penitentiary with nitro-glycerine, on the night of the 8th, but were foiled by the timely discovery of their plan by Warden Norman. The principals were the Reeves brothers and a man named Millard, serving terms of thirty-one years each. From the quantity of dynamite, nitro-glycerine, and other combustibles found in their possession they evidently intended to make a death struggle for liberty after blowing up the prison walls. WM. BOWERS, one of the best-known newspaper men in Boston, died, on the 9th, aged 53. A HEAVY rain, insuring a full crop of corn, fell all over the eastern part of Kansas and western Missouri on the 69th. THE Safe Deposit. Trust and Banking Co., of Nashville, Tenn., with a capital stock of $100,000, did not open on the morning of the 10th. but posted a notice on its doors stating that because of inability to realize on collateral the diretors had concluded to suspend. THE Bank of England advanced its rate of discount, on the 10th, from 3 to 4 per cent. THE steamship Orizaba, which arrived at New York from Havana on the 9th, brought $146,000 in Spanish gold. SECRETARY CARLISLE is credited with advising the anti-silver men to insist on the unconditional repeal of the purchase clause of the Sherman law, and to reach a vote on the subject as soon as possible.
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Suspension of a Banking Company. NASHVILLE (Tenn.), Oct. 8.-The Safe Deposit Trust and Banking Company of this city has made an assignment for the benefit of its creditors. Liabilities $224,056, assets estimated about the same. Lack of business is assigned as the cause of the failure. The company claims that the creditors will be paid in full.
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Lack of Business Broke Thom Up. NASHVILLE Tenn., Oct. 8.-The Safe Do. posit, Trust and Banking company, of thic city, has made am assignment for the bene. fit of creditor; liabilities $224,056, assets estimated about she same. Laok of bus.ness is assigned as the cause of the failure. The company claims the creditors will be paid in full
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A Nashville Concers Sesponds NASHVILLE, Oct. 8.-The Safe Deposit Trust and Banking company of this city has made an assignment for the benefit of its creditors. Liabilities, 8224,056; as sets estimated about same. Lack of business is assigned as the cause of the failure. The company claims that its credstors will be paid in full. -
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Caused by Poor Business. NASHVILLE, Tenn.. Oct. 8.-The Safe Deposit Trust and Banking Company of this city has made an assignment for the benefit of creditors. The liabilities are $224,056; assets, estimated about the same. A lack of business is assigned as the cause of failure. The company claims the credit ors will he paid in full.
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Business Troubles. NASHVILLE, Oct. 8,-The Safe Deposit Trust and Banking Company, of this city, has made an assignment for the benefit of creditors. Liabilities, $224,056. Assets estimated about the same. Lack of business is assigned as the cause of the failure. The company claims creditors will be paid in full. KANSAS CITY, Oct. 8.-The National bank of Kansas City, which failed last summer, will open for business tomorrow with $1,000,000 capital.
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Lack of Business. NASHVILLE, Tenn., Oct. 8.-The Safe deposit, truet and banking company of this city has made an assignment for the benefit of its creditore. Liabilities, $224,056; assets estimated at about the same. Lack of business is assigned as the cause of the failure. The company claims creditors will be paid in full.
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THE NEWS IN BRIEF. The colored school building of Hot rings burned Monday night. An 10 year old mute girl was ravhed Saturday by a negro at SavanGa. William Astor will build a $7,000,hotel in London, the costliest in world. The Czar of Russia has issed an der expelling every wealthy Jew Siberia. The Safe Deposit Trust and BankCompany, of Nashville, Tenn., assigned. Thirty-two new cases of yellow ver were reported in Brunswick, a., vesterday. Eight lives were lost by the capsizof a fishing boat at Deer Park, ich., on the 8th inst. A cholera infected ship "which had deaths at sea, is reported at New from Hamburg. A dying train robber at St. Paul, inn., yesterday makes a confession implicates others. The survivors of the storm stricken ands below New Orleans have derted their ruined homes. seven-year-old sonnambulist was ot and killed at Valley Furnace, V., being mistaken for a burglar. The Grand Jury of Hot Springs 8 found a true bill against Emory Ilivan for murder in the first deee. Ex treasurer McCurtàin of the U.S. otment money at Tuskahoma, I. is short $100,000 and cannot be md. Mr. A. M. Davis, Jonesborro's oldmerchant, was killed outright sterday morning. A runaway acent. man believed to be the editor of New Orleans Commercial comred suicide Monday in Chicago. name was Henry Kershaw. as Thursday a young man at mphis, Tenn., commited suicide ause his fiance broke her engageit withhim. Saturday the young y took morphine and was barely ed from death.
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Trust Company Assigns. NASHVILLE, Tenn., Oct. 10.-The Safe, Deposit, Trust and Banking company of this city has made a general assignment of all of its property for the benefit of creditors. Inability to realize upon the assets of the concern in order to meet the demands of depositors is assigned as the cause.
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TROUBLES OF BUSINESS MEN. Memphis, Tenn, Oct. 9.-A dispatch to "The Commercial" from Nashville, says: "The Safe Deposit Trust and Banking Company, of this city, made a general assignment of all its property for the benefilt of creditors Saturday night. Inability to realize on the assets of the concern in order to meet the demands of depositors is assigned as the cause. A statement of the condition of the bank made after the close of business on Saturday shows assets of $224,056 56, and liabilities of about $204,000.** Buffalo, Oct. 3.-William Kunz, a contractor, and proprietor of the Queen City Planing MIII, has assigned, with liabilities of $103,000. Syracuse, N. Y., Oct. 9.-Frank H. Wells, jeweller. made a general assignment to-day for the benefit of creditors. Auburn, N. Y., Oct. 9.-The works of the Birdsall Company, manufacturers of traction engines, grain threshers and portable sawmills, were closed by the Sheriff this morning on an execution of $165,000. The judgment was in favor of Henry H. Cook, of New-York City, and is for money loaned to the concern. An hour after the judgment was filed a chattel mortgage for $75,000. in favor of H. H. Cook and Nelson Beardsley, was filed.
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A dispatch from Paris says Blondin of Panama scandal fame, has been 1eleased from prison on account of ill health. The Safe Deposit Trust and Banking company of Nashville has made an assignment for the benefit of its creditors. Liabilities $224,056; assets about the same. It is currently rumored among investors that Willia n Waldorf Astor is about to build in London the largest and costliest hotel in the world, which it is estimated will cost more than $7,000,000. Mail advices from San Cristo to the City of Mexico state that a few nights ago Gen. Manue Esclabaylor, at one time governor of Chiapas, and at the present time senator, was assasinated by unknown parties. Several thousand people attended a meeting held at Glasgow at which the authorities were denounced for sending troops into the mining districts and for killing men who were only, it is claimed, trying to obtain what was justly due them. The second of the series of races between the British yacht Valkyrie and the American yacht Vigilant was sailed today over the triangular course of thirty miles. The crowd of spectators was nearly as large as on Saturday. The American cup defender again won. Rep. Dolittle of Washington state has introduced a joint resolution providing for a commission consisting of three senators and six representatives to go over the entire route of the Nicaragua canal and make a thorough examination with a view of submitting to congress a !comprehensive re port of existing conditions and furnish information upon which future legislation may be had. The Atlantic liner Russia, of the Hamburg American line, which arrived at quarantine yesterday, is detained by Dr. Jenkins, the health officer. The Russia came into harbor flying the yellow Bag, and Captain Schmidt reported that six deaths, some of which were et choleraic symptoms, occurred on the voyage, four of them being cabin passengers. The ship's doctor is of the opinion that none of the deaths were attributable to cholera. The steamer will be thoroughly disinfected.