Click image to open full size in new tab
Article Text
Johnson County Savings Bank sus pended at noon yesterday and will go into the hands of a receiver The bank has ample funds, but inability to col lect and the heavy runs caused the failure. The officers say that the de positors will be paid in full. OMAHA, Neb., July 21.-The first of th e miners from Colorado who were forced to seek employ ment elsewhere arrived in this city on a freight train this morning. They say thousands more will follow them They are scattering for the harvest fields and the iron mines of the North and for Chicago. ALBANY, N. Y., July 21.-Owing to depression in business Mr. S. L Munson, who has been carrying on a shirt manufacturing business in this city for years, and has factories in Cobleskill and other places, will run his establish ment on half time. He employs about one thousand hands in his different establishments. TOLEDO, Ohio, July 21.-The affairs of the Central Insurance Company ap pear to have been in a very fragile condition, according to the report of the receiver, E. S. Chittenden, which was filed in court yesterday. NASHUA, N. H., July 20.-The Secur ity Trust Company closed doors this morning The bank has not met with losses, but stopped business on account of the withdrawal of deposits. The treasurer states that the bank will be able to pay all depositors in full. It has capital and surplus amounting to $250,000, which must be paid out before loss can come to the depositors There is considerableexcitement in consequence of the suspension. PLATTSBURG, N. Y., July 20.-The Chateaugay Ore and Iron Company, whose mines and iron foundries are located at Lyon Mountain, closed down to-day, as did also the Crown Point Iron Company. mine and iron mak ers at Crown Point. The cause given is dullness in the iron trade. About a thousand men are thrown out of employment. The principal stockholders of both companies are New Yorkers. BOSTON, July 20.-Joseph Vercelli, proprietor of Hotel Vercelli, No. 200 Boylston street, has assigned. The liabilities are said to be $30,000. Mr. Vercelli states that he has expended $40,000 in repairs and improvements on the building within eighteen months, and that being pressed for money to meet his bills and unable to satisfy his creditors he assigned. CHEYENNE, July 20.-The private banking house of T. A. Kent failed to open its doors this morning. There has been a quiet, steady decline for some weeks and closing was inevitable. Most of the deposits of this bank were time certificates and but few of the business houses are affected. J. W. Foster is made assignee and is now in charge. He believes that depositors will be paid in full. TOPEKA, Kansas, July 20.-Notice of the failure of the Bank of Belleville, Republic county, has been received at the State Bank Commissioner's office. It was a private bank with a capital of $20,000. GUTHRIE, July 20. -Runs werestarted on every bank in this city to day, but all depositors are being paid in full and things are quieting down. MILWAUKEE, July 25.-The Wiscon sin Fire and Marine Insurance Company bank closed its doors this morning. This is Senator Mitchell's bank and has been considered the strongest bank in the city. TOLEDO, O., July 25.-The G. B. Hodgman Manufacturing Company, one of the largest concerns in Sandusky, went into the hands of a receiver this morning. INDIANAPOLIS, July 25.-The Indianapolis National Bank suspended this morning. The failure is for $1,200,000. For some days rumors were current that the bank was in trouble and these rumors had the effect of starting a quiet run upon it, which, though quiet, depleted the bank's funds and finally made necessary the action of to day. LOUISVILLE, Ky., July 25.-The Merchants' National Bank suspended pay ment this morning. WASHINGTON, July 25.-Examiner McDonald has been directed to take charge of the failed First National Bank of Orlando, Florida. ST. LOUIS, Mo., July 25.-Bysley & Bronson, iron merchants, No. 800 North Second street, made an assignment for the benefit of creditors this morning. The liabilities are $120,000, and about equal assets. MILWAUKEE, Wis., July 25.-Late this afternoon the J. O'Berman Brewing Company made an assignment. H. P. O'Berman is assignee, and his bond is $1.200,000.