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Payment Was Suspended. PULASKI, Tenn., Aug. 14.-The Peoples', the Citizens' and the Commercial Bank and Trust company, suspended payment this morning and will take advantage of the sixty days law. All are solvent and depositors are secured.
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TROUBLES OF THE BANKS. A Suspension in Springfield, Mo., and Time Notices in Other Places. SPRINGFIELD. Mo.. Aug. 14.-The Bank of Springfield made an assignment to Capt. C. B. McAfee this morning. Its stockholders are the Hon. J. F. G. Bently. J. W. Hall. B. F. Hobart. Benjamin A. Mossey. J. S. Ambrose. and James Stoughton. The liabilities are reported at $151,271.40. C. M. Everfol. Treasurer of the Board of Education of Springfield. had $11,300 of school money on deposit in the bank. The failure of the bank was due to the withdrawal of deposits. about $140,000 having been called for since the money stringency began. It is thought that the bank will resume business in about two weeks. There is a proposal to settle with the depositors by issuing certificates. NASHVILLE, Aug. 14.-The directors of the Elk and First National banks of Fayetteville. Tenn., to-day issued circulars assuring the public of their strength and solvency. but saying that they deemed it necessary that all deposits made previous to Saturday last should be subject to one check for $50 only. Certified checks will be given for all amounts over this sum. The bank of Winchester to-day gave notice to the depositors that they would be required to give sixty days' notice of their intention to withdraw deposits. The bank is said to be solvent. and this action was taken to prevent a run. The Board of Directors of the Commercial Bank and Trust Company of Pulaski to-day decided to require sixty days' notice from depositors. The People's National and the Citizens' National. also of Pulaski. acting in concert. decided to pay depositors within the next ninety days ten per cent. of deposits exceeding $10. and in no case more than $50. and authorized the cashiers to certify checks of depositors for the balance payable in ninety days. MEMPHIS, Tenn.. Aug. 14.-Neither the certifled check nor the Clearing House certificate system will be adopted by the Memphis banks. The reserve carried is from 55 to 93 per cent. of deposits. or an average of 70 per cent. The best information obtainable is that no possible contingency can arise by which the banks will be unable to pay dollar for dollar on demand. The Shelby County Savings Bank. one of the smallest institutions in Memphis. took advantage of a clause in its charter this afternoon. and announced that it would be necessary in the future for depositors to give ninety days' notice before they could withdrawtheir money. No apprehension is felt as to the solvency of the bank. KANSAS CITY. Aug. 14.-The banks of Fort Scott. Kan., began to-day paying certified checks over their counters instead of cash. They will continue to do so until the currency stringency is over. LITTLE ROCK. Ark.. Aug. 14.-At a meeting of the associated banks held. in this city this morning. it was unanimously decided to place certified checks in circulation. and also to limit the amount which any depositor may withdraw in one day to $20. TERRE HAUTE. Aug. 14.-The failure of the Prairie City Bank on Saturday started a slight run on the First National Bank this morning. All depositors who wanted money were promptly paid. The First National Bank is the largest in the city. and one of the strongest in Indiana. Before the day finished the run had nearly subsided PORTLAND. Ore.. Aug. 14.-D. P. Thompson. the receiver of the suspended Portland Savings Bank. filed his inventory in the Circuit Court this afternoon. This inventory shows total assets $3,014,000: liabilities. $2,475,000. The receiver says that if the bank 18 not pushed by creditors it will pay in full soon.
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OUT OF CASH. Many Banks in Various Localities Forced to Close Their Doors. WASHINGTON, Aug. 12.-Only two banks suspended yesterday, viz.: The National bank at Waxahachie, Tex., and Beatty's bank at Mansfield, Ill. WASHINGTON, Aug. 13.-The bank. failures reported yesterday were: The Prairie City bank at Terre Haute, Ind., and Josiah Morris & Co., the leading private banking house in Alabama, at Montgomery with liabilities of $1,100,000 and assets of $2,000,000, the People's at Lewisburg, Tenn., the Bank of Plaquemine, La., and the First national at Gadsden, Ala. WASHINGTON, Aug. 15.-The comptroller received notice yesterday of the following failures: Citizens' national at Attica, Ind., Bank of Springfield at Springfield, Mo., and the People's, Citizens' and Commercial banks at Pulaski, Tenn. WASHINGTON, Aug. 16.-Notice was received yesterday that the Hartford bank of Phoenix, A. T., had assigned, and that Johnson, Buck & Co., bankers at Ebensburg, Pa., with branch banks at Carrolltown and Hastings, had closed their doors.
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OUT OF CASH. Many Banks in Various Localities Forced to Close Their Doors. WASHINGTON, Aug. 11.-The following bank failures were reported yesterday: The American national at Nashville, Tenn., the Hamilton county state bank at Webster City, la., the Caldwell county exchange bank at Kingston, Mo., the Exchange bank at Polo, Mo., and Johnston, Buck & Co., of Ebensburg, Pa., conducting banks at Ebensburg, Carrollton and Hastings. WASHINGTON, Aug. 12.-Only two banks suspended yesterday, viz.: The National bank at Waxahachie, Tex., and Beatty's bank at Mansfield, III. WASHINGTON, Aug. 13.-The bank failures reported yesterday were: The Prairie City bank at Terre Haute, Ind., and Josiah Morris & Co., the leading private banking. house in Alabama, at Montgomery with liabilities of $1,100,000 and assets of $2.000,000, the People's at Lewisburg, Tenn., the Bank of Plaquemine, La., and the Firstnational at Gadsden, Ala. WASHINGTON, Aug. 15.-The comptroller received notice yesterday of the following failures: Citizens' national at Attica, Ind., Bank of Springfield at Springfield, Mo., and the People's, Citizens' and Commercial banks at Pulaski, Tenn.
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Financial and Commercial. The First National Bank, of Birmingham, Ala., which suspended payment August 2, 1893, has been permitted to open its doors for business. The People's National Bank and the Citizens National Bank of Pulaski. Tenn., resumed full payment of depositors. The Commercial Bank and Trust Company of Pulaski has also resumed full payment. Wilbur, Jackson & Co., and Sheldon & Binney, banking firms of Providence, R. I., suspended. The failures were caused by the depreciation in the stock of the Denver Street Railway Company for which both banks are heavy endorsers.
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Financial and Commercial. The First National Bank, of Birmingham, Ala., which suspended payment August 2, 1893, has been permitted to open its doors for business. The People's National Bank and the Citizens National Bank of Pulaski. Tenn., resumed full payment of depositors. The Commercial Bank and Trust Company of Pulaski has also resumed full payment. Wilbur, Jackson & Co., and Sheldon & Binney, banking firms of Providence, R. I., suspended. The failures were caused by the depreciation in the stock of the Denver Street Railway Company for which both banks are heavy endorsers.
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GENERAL NEWS SUMMAR The Lawrence wire mill is now runwing day and night at full capacity. The Record says the Pawnce market is liberally supplied with choice fresh fish, which abounds in the Black Bear near by. The university of South Dakota at Vermillion, was destroyed by fire Friday morning, with a loss to the state of $100,000. The vacancy in the Spanish cabinet caused by Gonzales' resignation, was filled Monday by the appointment of Senor Puigcerver. One of the largest retail dry goods firms in New York has been victimized to the am ount of $100,000 by several of its employes. Compromise measures in the senate are taking definite form and it is confidently believed that the end of the long struggle is in sight. The statement of the Guthrie National bank shows over 50 per cent of its deposits in cash on hand. The deposits are about $157,000. A dispatch to the London Times from Shanghai says that the great Chinese cotton mill has been entirely destroyed by fire. Loss, $500.000; uninsured. A program has been outlined for the house this week which will keep it busy. The McCreary bill extending the provisions of the Geary act will undoubtedly pass. This week Tarsney will introduce in the house a bill appropriating $800,000 additional for the Kansas City building, but there is considerable uncertainty as to its fate. The heaviest real estate deal in the history of Enid was consumated last Friday, when two lots at the southwest corner of Second and D streets were sold for $3,345. Emperor William was represented Friday at the funeral of Count Blucher, who was murdered on Thursday last by a gardener on his estate with whom he had some trouble. Bernhard Baum, proprietor of the resort known as Baum's Pavilion, in Chicago, suicided Saturday afternoon by shooting. His business had not been prospering of late. Francis W. Egan, son of Patrick Egan, ex-minister to Chili, was married Sunday last to Senorita Amelia Rojas, daughter of Don Jorge Rojas, a member of the Chilian senate. A panic was caused in the Garnett school house at Washington Friday by one of the pupils having a fit, and a in the stampede which followed number of pupils were injured. Two policemen were killed and another overcome by gas in an outhouse in Central park, New York, at an early hour Friday morning. A tramp was also overcome and may die. The steamer Dean Richmond was lost on Lake Erie, off Dunkirk, in the terrible storm of Saturday night, and her crew of eighteen perished. Many other wrecks and fatalities are reported. 1 Edward S. Hart, secretary of the Bank 6f California, died at San Francisco Friday, after an illness of two months. He was 58 years of age and had been in the service of the bank several years. The officials of the American Express Company now admit that a large sum of money was stolen in transit between New York and St. Louis, and say that they are on the track of the guilty parties. At Allentown, Pa. a destructive fire, Friday night, burned the Telephone Exchange and the Brenig & Bachman building. Loss, $300,000. The falling walls croshed in the R. G. Dunn & Co. and R. F. Sliters' buildings. A cotton gin belonging to J. H. Medlock, five miles south of Stephens, Ark., together with a small quantity of exton, was burned to the ground Wednesday night. The fire is supposed to be the work of White Caps. At Chicago John B. Jeffry was indicted by the grand jury Monday for perjury in repudiating a note for $15,700 said to have been given to Burr Robbins in 1887, according to witnesses who appeared before the grand jury. The monetary conference at Paris adjuorned for one week in order to give the delegates an opportunity to consult their governments concerning the Italian proposals for paying other states for the return of small Italian coins. The officials of the Big Four deny that their employes showed heartless ness in connection with the recent wreck at Namooki, Ill., and the officials of the Alton also deny that the employes refused to give aid when called upon. John Fisher, United States Commissioner, and mayor of Tryon, N. C., has been arrested as a member of the Barratt gang of outlaws. His brother, A. J. Fisher and C. P. Barratt were also jailed. They were held in bonds of $1,000 each. The Commercial Bank and Trust Company of Pulaski, Tenn., made an assignment Monday. The deposits are about $40,000 and it is supposed depositors will get about eighty cents on the dollar. The bank had a capi