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NATIONAL BANK FAILURES. Since January They Amount to Nearly Two Hundred Against Fifty Last Year. WASHINGTON, July 22.-Since the 1st of January nearly two hundred national banks have closed their doors in the United States against less than fifty during the same period last year. Of the failures this year, five have been United States depositories as follows: First National Bank, of Little Rock, Ark.; Gate City National Bank, of Atlanta, Ga.; People's National Bank, of Denver, Col.; German National Bank, of Denver, Col., and the Kentucky National Bank, of Louisville, Ky. This which closed the last United States govwill not $330,000 latter eroment. had bank, by of however, funds. report its lose doors anything The received to-day, by these failures. as each national bank, that is a government depository. has to deposit United States bonds to the amount of government money it is allowed to carry. These bonds, in case of the failure of the sold the on govbank, are for account States bonds the ernment. and, as United are ata premium in the financial market, there is never any difficulty in realizing. This afternoon Controller Eckels ordered bank examiners to take charge of the failed banks as follows: Escott. at Louisville, Ky.; Plumler. at Knoxville, Tenn.; Sawyer, at Russell. Kan.; Stone, at Vernon, Tex.: Lynch, at Milwaukee, Wis. Other Failures. WASHINGTON, July 22.-In addition to the heavy failure of the government depository at Louisville, three other failures of na tional banks were reported to Controller Eckels this morning; the failures occurring in sections widely apart. The failed banks are: State National Bank, of Vernon, Tex., with capital stook of $100,000; First National Bank, of Vernon, Tex., with capital stock of $80,000. and the State National Bank, of Knoxville, Tenn., with capital stock of $100,000. All these banks are small institutions, the deposits in each being in the neighborhood of $100,000. Governor Cooper, connected with the National Bank of Commerce, of Denver, Col., had an interview with Controller Eckels this morning as to the bank resuming business. While not assured it is probable that arrangements may be perfected by which the bank can resume in a short time. The Controller has appointed William A. Rice receiver of the Puget Sound National Bank of Everatt, Wash., and Mr. George B. Hofman receiver of the Bozeman National Bank, Bozeman, Mont. BELVIDERE, N. J., July 22. - Edward Lunkens, superintendent of the Oxford Iron and Nail Company, was instructed to close the rolling mills and iron mines belonging to that company pending the settlement of the affairs by a receiver. The cause of the failure, as explained by the president, is the dullness of theiron market and the financial stringency of the country. To-night the pumps are being removed from the mines and the machinery is order of the directhe existing state tors. being By diemantled by of affairs 350 men are thrown out of employment without any hope of relief. Liabilities, $225,000; assets, $150,000. NEW YORK, July 22.-A report of the condition of the Archer and Pancoast Manufacturing Company. gas fixtures. shows total liabilities of $1,109,453; total nominal assets are $1,570,666; actual assets approximated, $1,141,619.
