ccc82547Accommodated withdrawals, Full suspension, Books examined
Other: Receiver was appointed and later dismissed; heavy depositors examined books and bank resumed after receiver dismissal.
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Two Banks Suspend. Special to the Globe. DEADWOOD, S. D., July 11.-The Bank of Sundance, Wyo., and the Bank of New Castle, Wyo., were compelled to close their doors today. It is said the banks will resume business shortly. A frightened depositor caused a run on the banks at a time when most of their money was outstanding. Depositors will be paid in full.
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The Bank of Newcastle, at Newcastle, Wyo., did not open its doors at the usual hour, last Monday morning, and it is still closed. A number of the heaviest depositors have been permitted to examine the bank's books, papers, etc., and they report that while the stringency of the money market has brought about the suspension, the bank is solvent and that they are satisfied that all depositors will be paid in full. E. F. Hall, who recently removed from Custer to his ranch near the Wyoming line, has several hundred dollars tied up in the Newcastle bank. Since the failure, above noted, it has been reported that the banks at Sundance and Sheridan have been compelled to close up.
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THE WEEK'S NEWS. Wednesday, July 12. Corbett and Jackson have agreed to meet in June, 1894. The Terre Haute (Ind.) Car Works company is in financial trouble. Banke at Sundance and New Castle, Wy., have been compelled to suspend. The Lake Superior Mineral Paint works at West Superior burned Tuesday. Damage, $100,000. Kansas miners have determined to continue their strike. It is said Governor Lewelling will furnish them with tents to live in. A meeting of the executive committee of the Iron Hall was held at Indianapolis. It was determined to resume business as soon as possible. One million bushels of grain came to Kingston, Ont., from the West last week. The receipts were the largest ever received there in one week, and as a result many of the large grain carriers are lying there waiting to be unloaded.
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Will Resume at Once. Special Dispatch to the NEWS. NEWCASTLE, Wyo., Nov. 16.-Judge Metz has granted the petition of the stockholders of the Bank of Newcastle to dismiss the receiver and place the affairs of the bank again in the hands of its officers. This gives permission for the bank to resume business which it will do at once.