Osage City Savings Bank (Osage City, KS)

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Suspended Saving's Bank

OSAGE CITY, KANSAS, November 28.-The Osage City Saving's Bank suspended today, owing to complications with the Dar. ford banks at Caldwell and Hunnewel which closed last Friday. The Carbondale bank, which is under the same management as those, suspended, but has been reorganized, and will not be affected.

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Another Bank Closed

th 10.E CITY, KAN November 23.-The Osage City Savings Bank suspended. today, owing to complications with the Danford banks and Caldwell & Hurnewell, which closed last Friday The Carbondale bank, which is under the same management as those suspended has been re-organized, and will not be affected

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FAILURES.

OSAGE CITY, Kan., Nov. 28.—The Osage savings bank suspended to-day, owing to complications with the Sanford banks of Caldwell and Hunnewell, which closed Friday. The Carbondale bank, under the same management as the others, has been reorganized and will not be effected.

LYNN, Nov. 28.—Proctor & Ingalls, leather dealers, have failed. Liabilities estimated at $50,000 to $60,000. Assets quite large, principally stock.

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Domestic

Rondout, N. Y. 28.-John Booth's stone quarry, at Wilbur, caved this morning, killing the foreman, Edward Kearney, and Michael Gilhem, and seriously injuring John Cassidy and Sandy Phalen. Washington, 28.-Caucus of democratic senators will be called for Saturday. Alvin O. Buck has been arrested, charged with conspiracy to defraud government, through the postoffice department. New York, 28.-Schaefer says he will challange Dion for the billiard champion emblem before going to Europe to play Vigneaux. Wallack's new theatre is nearly completed, and will be formally opened, December 12th. Springfield, Mass., 28.-Increasing small pox necessitates a new pest house. Osage City, Ks., -The Osage City bank has suspended, being under the same management as recently suspended the Hunnewel and Caldwell banks. Frankfort, Ky., 28.-The legislature met to-day. Boston, 28.-Langdon W. Moore, who has served six years for burglary, was to-day sentenced to seven years more for burglarizing the Warren Bank, Charlestown in 1879. He is 59.

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TOO MANY IRONS IN THE FIRE

Danford Could Not Nuccessfully Manage Three Banks. NEW YORK, December 1.-President Danford, of the suspended Kansas banks has had business relations with the Chase National Bank and Donnell, Lawson & Co., bankers of this city for a number of years. The Chase National Bank was the-New York correspondent for two of his banks, the Hunnewell and Caldwell, and Donnell, Lawson & Co., were correspondents for the Osage City Bank. John Thomp. son, of the Chase National, savs that Mr. Danford came to New York about six weeks ago to try to raise Y money. He had a lot of Hunnewell City bonds, which he took to Boston, where he thought they would be saleable, but he failed to make negotiations there, and be has been getting on under whip and spur since. He drew out all the account he had with the Chase Bank, and the latter would not touch the Hunnewell bonds or permit drafts. Mr. Thompson told Danford that three banks were too many for any one man to run. He said that Mr. Danford's reputation was very fair, and that when he ran one bank he did it admirably and made money. He regarded Mr. Danford as a smart, keen man, and was very sorry he had got into trouble. At the office of Donnell, Lawson & Co., it is said they had $15,000 in Hun. newell City bonds hypothecated with them for advances of about $5,000 to the Osage City Bank, which were probably worth from $12,000 to $13,000. Mr. Danford had come well recommended when he opened the account and his reputation was good. The probable cause of his trouble was overtrading. He had loaned out too much money and the crops were short.

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Osage City, Ks., Nov. 28.-Osage City Savings bank has suspended, being under the same management as the recently suspended Hunnewell and Caldwell banks.

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THE Osage City (Kansas) Savings Bank suspended on the 28th, owing to complications with the Danford Caldwell and Hunnewell banks, which closed their doors a few days prevlous. Danford, owner of the latter Institutions, and Smith, his cashier, were arrested and taken to Wellington, upon charges of receiving deposits after they knew their banks to be insolvent. Some hours later a party of men from Caldwell took the two bankers by force from the officers with the avowed intention of taking them back to Caldwell and compelling them to disgorge. There was some apprehension that they might be lynched.

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Business Troubles

The Bank of Prince Edward's Island has suspended. The trouble was largely owing to overdrawn accounts. Its affairs are said to be in a bad condition. The cashier has disappeared. The capital of the bank is $320,000 and the notes in circulation $200,000. The Osage City (Kansas) Savings Bank suspended, on the 28th ult., owing to complications with the Daneford banks at Caldwell and Hunnewell, which closed on the 25th. Proctor & Ingalls. leather dealers, Lynn, Mass., have failed; liabilities estimated at from $50,000 to $60,000; assets considered quite large. A general shrinkage in values of stock and losses by failures have necessitated the suspension.

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Business Troubles

The Bank of Prince Edward's Island has suspended. The trouble was largely owing to overdrawn accounts. Its affairs are said to be in a bad condition. The cashier has disappeared. The capital of the bank is $320,000 and the notes in circulation $200,000. The Osage City (Kansas) Savings Bank suspended, on the 28th ult., owing to complications with the Daneford banks at Caldwell and Hunnewell, which closed on the 25th. Proctor & Ingalls, leather dealers. Lynn, Mass., have failed; liabilities estimated at from $50,000 to $60,000; assets considered quite large. A general shrinkage in values of stock and losses by failures have necessitated the suspension.

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Business Troubles

The Bank of Prince Edward's Island has suspended. The trouble was largely owing to overdrawn accounts. Its affairs are said to be in a bad condition. The cashier has disappeared. The capital of the bank is $320,000 and the notes in circulation $200,000. The Osage City (Kansas) Savings Bank suspended, on the 28th ult., owing to complications with the Daneford banks at Caldwell and Hunnewell, which closed on the 25th. Proctor & Ingalls. leather dealers, Lynn, Mass., have failed; liabilities estimated at from $50,000 to $60,000; assets considered quite large. A general shrinkage in values of stock and losses by failures have necessitated the suspension.

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. A Point for Danford. $ WICHITA, Kas, Feb. 3.-Danford, the $ Kansas banker, who was so long corralled at Caldwell by his enraged creditors and threatened with hanging, has just scored quite an important point in the courts. Yesterday in the Cowley county district court, before Judge Torrence, his counsel moved to discharge certain attachments laid by his Kansas City creditors. The court granted the motion and the attachments were dis. charged. Danford's counsel now say that he will bring suits upon the attach ment bonds for damages against the Kansas City creditors Danford claims that it was their attachment that caused the run upon his Osage City bank, and also upon his Hunnewell bank. and that these creditors tied up something like $130,000 to secure a claim of $8,000, and that they persistently stood in the way of all settlement, although some $20,000 worth of securities were placed in their hands. Mr. Danford, in Kansas courts, bids fair to rival Mrs. Gaines. He has already brought suits for damages against the chief men of the Caldwell mob, claming $100,000. He will now make-it tively for the Kansas City boys He lis out of business, and having exhausted his resources in Kansas he will now give Missouri is whirl.