428ef4c4None
Click image to open full size in new tab
Will Pay Dollar For Dollar. RICE LAKE. Wis., Aug. 9.-The Barron County bank, of which N. W. Bailey is president. assigned to R. M. Whitaker. The liabilities are $20,000, but the assets are five times that amount. The bank will pay dollar for dollar of its obligations and resume at the earliest possible moment.
Click image to open full size in new tab
VARIOUS BANK TROUBLES. One Suspension in West Virginta-Clearing House Certificates in Pittsburgh. WELLSBURG, W. Va. Aug. 8.-The Bank of Wellsburg. owned by Samuel George. closed its doors this morning. The bank has assets of $300,000 and liabilities of $150,000. Runs were made on other banks here. V-8 .SnV "puI tive of the Indianapolis National Bank yesterday filed in the Recorder's office four mortgages to the bank. given to secure loans made by the bank. The instruments were a chattel mortgage to the Indiana Glue Works on its plant for $37,799.19. a chattel mortgage to the Indianapolis Curled Hair Works P sewer 4q B *000'07$ JOJ H. F. Stephens. doing business as the New Independent Ice Company. for $7,600 to secure nine notes executed between June 1 and July 31, and a mortgage by T. B. Haughey. President of the bank. and wife for $19,750. covering all the real estate owned by him, including the Mapleton homestead. The glue works and curled hair works are controlledby Schuyler C. Haughey. son of the President. In loaning $40,000 to the curled hair works the National Banking law was violated directly. as the bank's capital was but $300,000. and this sum was. therefore. above the 10 per cent. limit. PITTSBURGH, Aug. 8.-The Executive Committee of the Pittsburgh Clearing House Assoclation decided this afternoon to Issue Clearing House loan certificates, the majority of the nineteen banks composing the association having at noon yesterday voted favorably on the proposition. This. it is expected. will not only relieve the financial depression. which has occasioned less annoyance in Pittsburgh than in any large city in the country. but will put the Pittsburgh banks in such condition that they may successfully thwart an attack. There has been an improvement in the situation here during the last three days. deposits having increased about 25 per cent. The loan certificates will be issued upon collateral bearing 75 per cent. of their face value. CINCINNATI, Aug. 8.-Yesterday was A heavy day for the Cincinnati banks. Owing to the liberal calls made by the whiskey men for the payment of taxes. it is said that nearly $100.000 in currency was taken out of the local banks. No inducements whatever could be used to take the New York banks' exchange for currency. and as a consequence New York exchange WAS a dead letter. MADISON. Wis.. Aug. 8.-The State authorities yesterday decided to begin suit to recover 400,000 tied up by the Marine Bank suspension. $5,000 in the Milwaukee National Bank, and $500,000 in the Commercial Bank at Eauclaire. WORCESTER, Mass. Aug. 8.-At a meeting of the Worcester Clearing House this morning it was voted to request the larger employers of labor doing business with orcester banks to pay off their help in checks payable only through the Worcester Clearing House. the system to continueduring the present scarcity of currency. Several large concerns have agreed to follow this method. WASHINGTON. Aug. 8.-A committee representing the failed national banks of Kansas City had a conference with Comptroller Eckels this morning as to resuming business. Mr. Eckels is disposed to be as lenient AS the law will permit. and it is probable some arrangement will be reached by which the banks may resume. RICHMOND. Va., Aug. 8-A special despatch to the Dispatch from Big Stone Gap says the Big Stone Gap bank of that town was forced to close its doors this morning. Its capital stock was $44,000. It is believed depositors will be paid in full. RICE LAKE. Wis., Aug. 8.-This morning the Barron County Bank. of which N. W. Bailey is proprietor. assigned to R. M. Whitaker. The liabilities are $20,000. but the assets 'are five times that amount. The bank will pay dollar for dollar of its obligations and resume at the earliest possible moment. YORKVILLE. Ill., Aug. 8.-E. L Henning. a banker of Plano. assigned yesterday. It is thought Mr. Henning will soon be able to resume business. ALTAMONT. Ill., Aug. 8.-The banking house pepuedens of & W D jo The cashier. Levi Butler, is missing. He left a letter saving he took $41,000. It is said the depositors will be paid in full. NORTH BRANCH. Minn.. Aug. 8-The bank of North Branch. owned by J. F. Eingsland. failed to open its doors yesterday morning. The
Click image to open full size in new tab
BANKS AND BANKERS IN TROUBLE. Wellsburg, W. Va., Aug. 8.-The Back of, Wellsburg, owned by Samuel George, closed its doors this morning. The bank has assets of $300,000, and liabilities of $150,000. Runs are in progress on other banks here. North Branch, Minn., Aug. 8.-The Bank of North Branch, owned by J. F. Kingsland, failed to open Its doors yesterday morning. The suspension was caused by a run on the Bank of St. Charles, of which Mr. Kingsland is vigè-president. The Institution IN solvent and will reopen in a few weeks. Altamont, 111., Aug. 8.-The banking house of C. M. Wright & Co. suspended yesterday. The eashier. Levi Butler, Is missing. He left a letter saying he took $41,000. It Is sald the depositors will be paid in full. Yorkville, III., Aug. 8.-E. L. Henring. a banker of Plano. assigned yesterday. It Is thought Mr. Henning will soon be able to resume business. Rice Lake, Wis., Aug. 8.-This morning the Barron County Bank, of which N. W. Bailey is proprietor, assigned to R. M. Whitaker. The liabilities are $20,000, but the assets are five times that amount. The bank will pay dollar for dollar of its obligations
Click image to open full size in new tab
Will Pay Dollar For Dollar. RICE LAKE, Wis., Aug. 9.-The Barron County bank, of which N. W. Bailey is president, assigned to R. M. Whitaker. The liabilities are $20,000, but the assets are five times that amount. The bank will pay dollar for dollar of its obligations and resume at the earliest possible moment.
Click image to open full size in new tab
Will Pay Dollar For Dollar. R:CE LAKE. Wis., Aug. 9.-The Barron County bank, of which N. W. Bailey is president. assigned to R. M. Whitaker. The liabilities are $20,000, but the assets are five times that amount. The bank will pay dollar for dollar of its obligations and resume at the earliest possible moment.
Click image to open full size in new tab
BARRON COUNTY BANK SUSPENDS. The Private Depository of N. W. Bailey Makes an Assignment. RICE LAKE, Wis., Aug. 8.-This morning the Barron County Bank, a private concern of which N. W. Bailey is proprietor, failed to open its doors, announcing by card that an assignment had been made to R. M. Whitaker. The liabilities are $20,000; assets five times that sum. The cause of suspension was the difficulty in making collections on paper due and past due. Every cent of the indebtedness will be paid in full and the bank will resume business in the coûrse of a few weeks.
Click image to open full size in new tab
THE EAST. HUNDREDS of acres of tobacco at Lancaster, Pa., were ruined by hail. AN assignment was made by Robert H. Coleman, the Lebanon (Pa.) iron king. who was worth $10,000,000 two years ago, with liabilities of $5,000,000 and assets of $10,000,000. THE Madison Square bank in New York, the Bank of Wellsbury, Pa., owned by Samuel George, and the Barron county bank at Rice Lake, Wis., closed their doors. THE death of Charles G. Otis, of passenger elevator fame, occurred at his residence in Brooklyn, N. Y. IN New York the Hamilton Loan & Trust company went into the hands of a receiver with liabilities of $330,000. JOHN MIESTER, a wealthy baker of Brooklyn, N. Y., maddened by jealousy and drink, shot and killed his wife and then killed himself. AT Swinburne Island hospital in New York Vincenzo Cagliostro, aged 23 years, died of Asiatic cholera. JOHNSTON, BUCK & Co., of Ebensburg, Pa., conducting banks at Ebensburg, Carrolltown and Hastings closed their doors. THR largest steamboat in the world was launched at Chester, Pa. She will ply in the Fall River line. THE firm of Henry A. Hartly & Co., carpet dealèrs at Boston, failed for $125,000; assets, $100,000. LIZZIE POID, Edith Flay and Ella Johnson, aged 10, 11 and 17 years, respectively, were drowned in Newark bay while bathing at Bayonne, N. J. THE Boston assessors estimate the population of the "Hub" at 580,000. The last census shows a population of 446,570. SEVEN cholera cases have developed among the passengers of the Karamania, recently arrived at New York. A FINGER has been substituted for a nose upon Fred Darcy by a surgical operation at Rochester, N. Y.
Click image to open full size in new tab
HUNDREDS of acres of tobacco at Lancaster, Pa., were ruined by hail. AN assignment was made by Robert H. Coleman, the Lebanon (Pa.) iron king, who was worth $10,000,000 two years ago, with liabilities of $5,000,000 and assets of $10,000,000. THE Madison Square bank in New York, the Bank of Wellsbury, Pa., owned by Samuel George, and the Barron county bank at Rice Lake, Wis., closed their doors. THE death of Charles G. Otis, of passenger elevator fame, occurred at his residence in Brooklyn, N. Y. IN New York the Hamilton Loan & Trust company went into the hands of a receiver with liabilities of $330,000. JOHN MIESTER, a wealthy baker of Brooklyn, N. Y., maddened by jealousy and drink, shot and killed his wife and then killed himself. AT Swinburne Island hospital in New York Vincenzo Cagliostro, aged 23 years, died of Asiatic cholera. JOHNSTON, BUCK & Co., of Ebensburg, Pa., conducting banks at Ebensburg, Carrolltown and Hastings closed their doors. THR largest steamboat in the world was launched at Chester, Pa. She will ply in the Fall River line. THE firm of Henry A. Hartly & Co., carpet dealers at Boston, failed for $125,000; assets, $100,000. LIZZIE POLD, Edith Flay and Ella Johnson, aged 10, 11 and 17 years, respectively, were drowned in Newark bay while bathing at Bayonne, N. J. THE Boston assessors estimate the population of the "Hub" at 580,000. The last census shows a population of 446,570. SEVEN cholera cases have developed among the passengers of the Karamania, recently arrived at New York. A FINGER has been substituted for a nose upon Fred Darcy by a surgical operation at Rochester, N. Y. WEST AND SOUTH. FIRE destroyed the Port Pitt tanneries and the warehouses of the Consolidated Wire company at Rankin, O., the loss being $125,000. MRS. ELIJAH DALTON, of Borden, Ind., was taken from the home of her husband by white caps and whipped terribly with hickorv switches. AT Mishawaka, Ind., A. D. Baker, owner of the wagon works, failed for $120,000. AT the Chicago stock yards Swift & Co., packers, laid off 500 men and reduced the wages of the remaining employes 10 per cent. FIVE women at Higbee, Mo., horsewhipped James Collins, who insulted one of their number. A BOILER explosion wrecked the Cadwallader flouring mill at Fostoria, o., and G. Davis, secretary of the mill, and F.C. Myers, bookkeeper, were killed. RESIDENTS of Glendive, Mont., gave a coat of tar to a white man and a garment of alabastine to his colored bride and ordered them out of town. THE stables of the driving park at Connersville, Ind., were burned and seven valuable horses were cremated. FLAMES destroyed all but two stores and a few houses at Snow Hill, Md., the loss being $300,000. GREAT destitution and suffering prevailed among the boomers along the Kansas line of the Cherokee strip. FLAMES nearly wiped out the village of Derby, Ind., the loss being over $100,000. A CIGARETTE caused the destruction by fire of much of the business part of Sidell, III. ALMOST the entire business part of Barnard, Mo., was destroyed by fire. JAMES JACOBS' livery stable at Goshen, Ind., was burned and twentyfive horses were cremated. FIRE ruined the business portion of South Wayne, Wis.
Click image to open full size in new tab
suit to recover $1,400,000 tied up by the Marine Bank suspension, $5,000 in the Milwaukee National Bank and $500,000 in the Commercial Bank at Eau Chire. YORKVIILE Ill. Aug. 8 -E L Henning, a banker of Plano, assigned yes terday. It is thought Mr. Henning will soon be able to resume business RICE LAKE. Wis., Aug -This morning the Barron County Bank, of which N. W. Bailey is proprietor, assigned to R. M. Whitaker. The liabilities are $20,000, but the assets are five times that amount. The bank will pay dollar for dollar of its obligations and resume at the earliest possible moment CHICAGO, Aug. 8 -The New York creditors charge fraud in the assign ment of the James H Walker Co. Be fore Judge McConnell this afternoon Charles Spielman & Co., who are creditors to the extent of $13,000, through Moran, Kraus and Mayer filed a petition asking that they be allowed to replevin certain goods sold the Jas. H. Walker Co. on July 12 last, they alleging that they were induced to sell the goods and extend credit to the company by reason of certain fraudulent statements as to the resources made by W. A. Mason, treasurer, and by James H. Walker. Eighteen big business failures was the record for one day in New York City alone, August 8. NORTH BRANCH, Minn., Aug 8 -The Bank of North Branch, owned by J.F. Kingsland, has suspended The institution is solvent and will re open in a few weeks. ALTAMONT, III., Aug. 8 -The bank. ing house of C. M. Wright & Co has suspended. The cashier, Levi Butler, is missing. He left a letter say ing that he had embezzled $41,000 of the bank's money. It is said that depositors will be paid in full PITT&BURG, Pa., Aug. 9.-The Linden Steel Co., one of the largest manufac turing concerns in Pittsburg, has suspended operations on account of the stringency of the times and difficulty in procuring discounts and inability to make collections. All the employees, about eight hundred, have been dis charged. The company had a number of contracts from the government for plate. MINNEAPOLIS, Aug 9 -The Missis sippi Valley Lumber Association met here yesterday in semi annual session and agreed to reduce the cut for the balance of the season one-half. The date agreed on for closing the saw mills was September 20. LAWRENCE, Mass, Aug 9.-The fol lowing notice was sent out by theagent of the Pemberton Cotton Mills this morning: "Owing to the extreme diffi culty in obtaining currency with which to pay our employees weekly, accord ing to law, this mill will close Satur day noon, August 12, for three weeks LANSING, Mich, Aug. 9 - E Bement & Sons, manufacturers of implements and stoves, have made a ten per cent cut in the wages of their six hundred employees. The men accepted the cut rather than be thrown out of employment. CHICAGO, Aug. 9 -Swift & Co., packers at the stock yards, yesterday laid off five hundred employees. They also retrenched by reducing the wages of the remaining employees ten per cent. The action was expected, and was caused by the condition of things at present existing at the yards. GUTHRIE, O. T., Aug. 9.-A govern ment official who has just returned from a trip along the Kansas line of the Cherokee strip reports great destitution and suffering among the people. Many are suffering for food and live stock is dying from Texas fever and starvation, the hot weather having burned up the Kansas grass. Hay is held at an enormous price, and a patrol of soldiers prevents the people from pasturing their stock on the abundant grass on the strip.
Click image to open full size in new tab
dent associations doing Wisconsin under the plan known as the Lloyds must pay a license or discontinue business. Rt. Rev. Gjermand Hoyme, recently elected bishop of the United States Seandinavian Lutheran churches of America, has resigned his charge at Ean Claire. Mrs. C. F. Viebahn, of Watertown, wife of Superintendent of Schools Viebahn, died in Chicago while attending the world's fair. A tornado passed 8 miles southeast of Iowa River, near Spring lake, sweeping away everything in its path. Mrs. John E. Doane, residing in Fennimore, committed suicide by taking carbolic acid. The trouble was a family one and of long standing. Fire at Cobb destroyed a bank build ing and a hardware store. John P. Wall, a well-known lawyer, was arrested in Chippewa Falls, charged with embezzlement. His downfall is due to drink. He has been both city and district attorney. During the past year forty cheese fac tories of Brown, Kewaunee, Door and Outagamie counties have been represented more or less on the Green Bay call board. D. W. Thompson, of Chicago, was killed by falling 75 feet from the top of a bin in the Terminal elevator at Wes Superior. Charles Schmirler, a Marshfield boo and shoe dealer, has assigned. Assets, $6, 400; liabilities, $3, 400. Richard Polinskia, who stole $750 a Allouez, was sentenced to two years it state's prison at Waupun. The family of C. C. Barnes, presiden of the defunct state bank at Manitowoc received telegrams from Charlevoix Mich., announcing his death. He had been there very sick for some time. Regents Hume, Parker, Ainsworth and Hill have selected Stevens Point as the site for the new normal school. President F. J. Weber, of the State Federation of Labor, says there are now 20,000 idle men in Milwaukee. "Mudder" Hoefer, a German woman found guilty of arson at West Su perior, was sentenced to four years at Waupun. Thirty out of forty-five paper ma chines in the Fox river valley are shut down and 3,000 men are left idle. In her petition for payment of annuity Mrs. Alexander Mitchell, of Mil waukee, says her son, the senator, has been made the victim of mine adventurers and stock jobbers. Fire at Wausaa destroyed the Radout foundry and stock of goods owned by the Venetian Blind company. Loss on former $16,000, with no insurance; OL the latter, $3,500, with $1,500 insurance. Father Angelus, the Capuchin monk arrested in Milwaukee for attempting to outrage the 12-year-old girl named Baum, was released after his examination and immediately left the city for Detroit. Two painters named Olson and Tracy started from Mauston in a flatboat en route to Louisiana. They intended to pay their way by odd jobs. John Roggendorf, a coal heaver, was instantly killed in the hold of the whaleback Thomas Wilson at West Superior. Masked thieves forced themselves into the residence of F. C. Sanger at Morrison and relieved him of $1,300 and two gold watches. Mrs. Flora Urwin, the wife of a Chicago printer, drowned herself at Madison after receiving a letter that her husband was still out of work. The sawmill owned and operated by Linster Bros., on the little Eau Plaine, 5 miles west of Mansfield, was burned. Loss, $15,000. Albert Rossin, a farmer living near Hartland killed his wife with a pitchfork. Rossin was placed in jail. Rosmus Peterson, of Antigo, was found in Beaver lake drowned. His boat capsized while fishing. He was a single man of 30. At Rice Lake the Barron county bank, of which N. W. Bailey is proprietor. assigned to R. M. Whittaker. The liabilities were $20,000, but the assets were five times that amount Frank W. Hall, a lawyer of Madison, has been tendered the presidency of Lawrence university at Appleton. Fire swept the business portion of South Wayne, destroying several buildings. Secretary Thwaites, of the State Historical soe ety, went on a trip to the northern part of the state in search of some information relative to the history of the Chippewa Indians in the state. The West Superior council voted to appropriate $65,009 out of the general itv funds as honns for the normal