a913cd6fNone
Click image to open full size in new tab
Suspended Banks. STANTON (Va.), Dec. 21.--The private banks at Waynesboro, Warrington and Newmarket, Va., all suspended to-day. Shirley & Rosenberger were owners of the Waynesboro and Newmarket Banks, and associated with C. T. Meyers at Gordonsville and Spillan at Warrington. It is believed the depositors will be paid in full.
Click image to open full size in new tab
STAUNTON, Va., Dec. 21.-[Special]-Private banks at Waynesboro, Gordonsville, Warrenton and New Market, Va., all suspended today. Shirley & Rosenberger were the owners of the Waynesboro and Now Market banks and were associated with C. F. Myers at Gordonsville and Spillman at Warrenton. RICHMOND, Va., Dec. 21.-|Special]A special from Waynesborosays: Owing to the tightness of the money market the Bank .of Waynesboro has suspended payment. No statement has yet been issued, but it is not thought that depositors will lose anything. The bank of Waynesboro is a private institution and not a chartered one. Rosenberger and Shirley are proprietors. The were rated in mercantile directories at $75,000 to $100,000. They had branches at Basic City, New Market, Warrenton and Gordonsville. The suspension was talked about in Richmond financial circles, but it did not make much impression. The banks at Warrenton and Gordsonville, also controlled by these parties, have closed their doors. Telerrams were received in the city yesterday announcing that the Piedmont Bank at Gordonsville, and the Bank of Waynesboro at Waynesboro, had closed their doors. The amounts of assets and liabilites were not stated. As the gentlemen owning these banks are also interested in banks at New Market, Warrenton and Leesburg there was considerable anxiety to know if they were seriously affected bv the failures at Gordonsville and Waynesboro, but the representative of THE TIMES was unable to gather any reliable information. Messrs. W. M. Yager & Co. will lose a small amount by the failure of the Gordonsville bank. So far as learned, they are the only Roanokers who had a deposit there. About three wooks ago Mrs. Conrad, a widow lady residing in this city. informed Mr. Yager thatshe had $5,000 on deposit in the Piedmont Bank. He advised her to withdraw it at once and place it in the First National Bank, of Roanoke, the Farmers' National of Salem, or some other national bank, as any of this character would be perfectly safe. She gave the Farmers' National a check for the amount and after some delay it was honored.
Click image to open full size in new tab
BANK FAILURES. Suspension of Three Private Institutions in Virginia and Another in Pennsylvania. STAUNTON (Va.), Dec. 21.-The-private banks at Waynesboro, Warrenton and New Market, Va., all suspended to-day. Shirley & Rosenberger were owners of the Waynesboro and New Market banks, and associated with C. F. Meyers at Gordousville and Spillan at Warrenton. It is believed depositors will be paid in full. ALTOONA (Pa.), Dec. 21. - The Tyrone Bank, a private institution, failed to open its doors this morning. The bank has always been regarded as sound, and the failure is a great surprise. The assets and liabilities are not known.
Click image to open full size in new tab
Virginia Banks Suspend. Some excitement was caused throughout the Valley yesterday over the failure of Rosenberger, Shirley & Co., bankers, of Newmarket. Five banks IUD by that company were closed yesterday. They are : Warrenton Bank, Warrenton; Gordonaville Bank, Gordonsville; Basic City Bank, Basic City; Waynesboro Bank, Waynesboro, and Newmarket Bank, Newmsrket. The failure will cause a partial stagnation in business throughout the Valley for some time. The business men of some of the towns are much worried over thesuspension, and it is feared that it will seriously ertonie some of them. The banking company's Habilities have not vet been sts ed, but they will exceed $100,000. A dispatch from S annton says: The town of Wayhesboro was stirred up when the following notice RES posted on the door of the Bank of Waynesboro: "Owing to the tightness of the money market, this bank is compelled to suspend business. The fi:m has made an assignment, embracing all their property, both 88 & firm and &8 individuals, and it is confidently asgerted that every debt of the bank will be paid in full. A statement will be published as Boon BB possible showing the true condition of the bank. If our depositors will exercise a little patience and forbearance, they will find that they will be paid in full. "(Signed) F.E HAYES, Cashier." The bank is is private concern operated by Messie. Rosenberg & Shirlev, of New. market. The business of the bank has never been very extensive, and yet there are some heavy lesses. One concern in Waynesboro losos over $4,000 Very little of the paper of the bank is held by Staunton banks. Some checks were passed yesterday on the Band of Waynesboro, but these will be charged back. A dispatch from Warrenton says: "Bosenberger & Spindle's bank was closed on Saturday at four minutes to 3 o'clock. A very slight run on it in the morning caused the suspansion. It was a great surprise to the people and the losers were numerous. Some lest soveral thousands. The liabilities are only $38,000. It is thought a good percentage will be paid." Neither the banks nor any of the merchants of this city are hurt by the failures, though it is said that quite 8 number of merchants and farmers in Fanquier and Culpeper who did business in this city have lost considerable sums by the fail. are of the Bosenberger & Spindle bank in Warrenton. A number of checks on the latter bank which had passed through the banks of this city were retarned here to-day marked "protested," but the losses will fall on the drawers of these checks. The cause of the failure is said to be speculation in real estate booms which have co:lapsed.
Click image to open full size in new tab
Embarrassed Banks. STAUNTON, Va., Dec. 21.-The private banks at Waynesboro, Warrenton and New Market, Va., all suspended today. Shirley & Rosenberger were owners of the Waynesboro and New Market banks. It is believed the depositors will be paid in full. ALTOONA, Pa., Dec. 21.-The Tyrone bank, a private institution, failed to open its doors this morning. The bank has always been regarded as sound, and the failure was a great surprise. Assets and liabilities not known.
Click image to open full size in new tab
PASTURES GOES WET. Heavy Vote Against Liquor Licenses in Augusta County. (Special telegram to the Dispatch.] STAUNTON, Va., December 22.-The Commissioners of Election met at the courthouse to-day to canvass the vote on the question of licensing the sale of liquors in Pastures district. Augusta county. The commissioners found the result of Saturday's vote to be: For license, 52 ; against license, 212. In some of the preeincts the vote was unanimous against the sale of liquors. DEATH FROM THE GRIP. Mr. W. H. H. Kiracofe, one of the leading merchants of Sangersville, in this county. died this morning at his home. The deceased was a man of means and of much influence in his community. His sons-Messrs. Charles and John Kiracofeare prominent business-men of Staunton. Mr. Kiracofe had been ill of la grippe for 8 fortnight past. DEED OF ASSIGNMENT. There was recorded this afternoon in the County Clerk's office the deed of assignment of Messrs. A. R. Rosenberger and S. P. Shirley, owners of the late New Market and Waynesboro' banks which suspended yesterday. The deed which was made December 21st names as trustees Vernon H. Ford, of Luray, and C. W. Bennick, of New Market. One of the partners. S. P. Shirley, first conveys two farms in Shenandoah county to secure in the first class his personal creditors, among whom are his brother and sister who are secured to the extent of about $15,000. In the same class and out of the same fund is secured Daniel Neagey for $1,600. OTHER CONVEYANCES. S. P. Shirley next conveys to the general fund 2,240 acres of Kansas land and A. R. Rosenberger conveys to the same fund two lots in Basic City, on which is the Iron Cross Bank building eight lotsin Waynesboro', including the Waynesboro' Bank building, and the Valley View Springs property near New Market, together with all its turniture and fixtures. The partners also convey all securities, open accounts, and choses in action to the general fund. SECURED. After the personal indebtedness of S.P. Shirley above set forth is paid, and after payment of the charges of executing the trust, including fees to Mr. Marshall Mc. Cormick counsel, in the second class, the following people are secured: "Mrs. T.M. Clinedinst, $2,960; the G. R. Calvert monument fund, $300; Salyard's memorial fund, $50: Bridge Committee, 8500: Miss Ellen Teel, $270: Mrs. Cline, $100; land after the payment in full of these preferred classes all depositors and other creditors are to share ratably in the residum." The trustees are empowered to make in their discretion either public or private sale.
Click image to open full size in new tab
BANKS FAIL. All Private Institutions and Tight Money the Cause. STAUNTON, Va., Dec. 21.-The private banks at Waynesboro, Gordonsville, Warrenton and Newmarket, Va., all suspended to-day. Shirley and Posenberger were the owners of the Waynesboro and Newmarket banks, and were associated with C. F. Myers at Gordonsville and Mr. Spillman at Warrenton. TIGHT MONEY THE CAUSE. RICHMOND, va., Dec. 21.-A special from Waynesboro, Va., says: "Owing to the tightness of the money market the bank of Waynesboro has suspended payment. No statement has yet been issued, but it is not thought that the depositors will lose anything. The bank of Waynesboro is a private institution and not a chartered one. Rosenberger & Shirley are the proprietors. They were rated in the mercantile directories at $75,000 to $100,000. They had branches at Basic City, Newmarket, Warrentown and Gordonsville." The suspension was talked about in Richmond financial circles but it did not make much impression. The banks of Warrentown and Gordonsville, also controlled by these parties, have closed their doors. AN ALTOONA BANK FAILS. PITTSBURG, Dec. 21.-A special to the Chronicle-Telegraph from Altoona, Pa., says: "The Tyrone bank, a private institution, failed to open its doors this morning. The bank has always been regarded as sound, and the failure was a great surprise. The amount of the assets and liabilities are not known. An uneasy feeling prevails and it is feared that a run on the other two banks will ensue."
Click image to open full size in new tab
Virginia Bankers Fail. Great excitement has been caused throughout the Shenandoah valley over the failure of Rosenberger, Shirley & Co., bankers, of Newmarket, Va. Five banks run by that company were closed. They are: Warrenton Bank, Warrenton, Va.; Gordonsville Bank, Gordonsville, Va.; Basic City Bank, Basic City, Va.; Waynesboro Bank, Waynesboro. Va.; Newmarket Bank. The failure will cause a general stagnation in business throughout the valley for some time.
Click image to open full size in new tab
CENERAL. The Louisiana Democrats have split on the lottery question, the opponents of the lottery withdrawing from the regular conventi n and nominating an independent candidate. The two factions are so bitter that there is no hope of their patching up any compromise and the fight will be fought to a finish. What the result of the contest will be will depend probably very much upon the attitude of the Republicans, and it is to be hoped that they will turn in and help whip the lottery. Canadian statesmen are calling for pro. tection against the American dollar. Most of the Canadian people, however, are probably sighing for free dollars and plenty of them. Private banks at Waynesboro, Gordons ville, Warrenton and Newmarket. Va., all suspended. Shirley & Rosenberger were owners of the Waynesboro and Newmarket banks, and associated with C. F Meyers at Gordonsville and Mr. Spillman at Warrenton.
Click image to open full size in new tab
FIVE BANKS Operated By One Set of Men, Close Their Doors in as Many Different Virginia Towns. WOODSTOCK Va., Dec. 22.-Five banks controlled by Rosenberger, Shirley & Co. were closed Monday, and in consequence the greatest excitement prevails in the Shenandoah valley. The banks are Warrenton bank, Warrenton, Va.; Gordonsville lank, Gordonsville, Va.; Basic City bank, Basic City, Va.; Waynesboro bank. Waynesboro, Va., and the New Market bank. The failure 'will cause a general stagnation in business throughout the valley for some time to come. The most intense excitement prevailed in Harrisonburg, Va., among the merchants. and it is feared that some of them will be forced to suspend. The liabilities of Rosenberger, Shirley & Co. are about $150,000. The small shop-keepers suffer most. Tightness in the money market is assigned as the cause of the failure.
Click image to open full size in new tab
NEWS IN BRIE NEWTON, Mass, has 500 cases of grip. THE chief of police of New York city forbids "knock-out" prize fights in that city. SOLOMON BLOOMFIELD, dealer in shoes at New York, assigned Saturday, with a preference of $3,500 to the Madison Square bank. THE South Carolina house of represent atives has voted down the world's fair appropriation bill. A NEW YORK livery stable man has filed a judgment against Mrs. Leslie Carter for $1,400 for carriage hire. AN application for a receiver has been filed by the directors of the Nebraska Mortgage and Investment company, ai Omaha. NEW YORK merchants, at a mass meeting, adopted resolutions asking the legislature to appropriate $500,000 for the world's fair. GEORGE H. PAGE, lessee of the Langham Hotel, Boston, has failed, with $75,000 liabilities. There will be nothing for unsecured creditors. SIMON D. REISS, retail jewelery at New York, assigned Tuesday to Emanuel Blumenstiel, with a preference of $5,000 to S. &. F. Uhlmann. CHU You SING a commissoner appointed by the Chinese government toreport on the world's fair, has arrived in New York City. THE Mexican troops and insurgents fought a battle, the latter being on the Texas side of the Rio Grande river. THOS. S. APLLEGATE, proprietor of the Adrian, Mich., Times, died suddenly of heart disease Sunday morning. M. PATENOTRE, French minister to the United States, arrived at New York, Sunday. He will proceed to Washington in a few days. A YOUNG bride at Northfield, went to the station to meet her husband, at his request, and when the train arrived his corpse was taken from the baggage car. A CRANK visited Cornelius Vanderbilt's house Sunday night and demanded the millionaire's brains. He said he wanted to have them examined to find out how Vanderbilt could make SO much more money than he could. THE Warrenton, Gordonsville, Basic City Waynesboro and Newmarket (Va.) banks, con trolled by Bosenberger, Shirley & Co., have been closed. The liabilities A SQUAD of United States soldiers had a fight with the Mexican Revolutionist Garza's band near Retamal, Texas. An American corporal was killed and a lieutenant wounded. THE one hundred and fifteenth anniversary of the battle of Trenton was celebrated in that city Saturday by ceremonies attending the laying of the corner-stone of a monument to Washington. 5JOHN P. RICHARDSON, a resident of Chattanooga, Tenn., and one of the richest men in the south, his wealth being es. timated at $2,000,000, as well as, perhaps, the greatest cotton planter in the United States, is dead, the victim of cigarettes.