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More Western Banks Close. ASHLAND, WIS.. June 8.-The Bank of Washbun closed its doors yesterday morning. Officers claim that suspension is only temporary on account of financial stringency, and that it will reopen in a few davs. SHELL LAKE. WIS.. June 8.-The Shell Lake Savings Bank suspended yesterday.
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HAS MANY NEW YORK DEBTS. 1 e D. B. Loveman, of Chattanooga, . 1 Goes Under with Big Liabilities. t More Bank Failures in Chicago and the West. H o CHATTANOOGA Tenn. June 8.-D. 0 13. Loveman one of the leading dry-goods merchants in the South, has filed a deed of trust with the County Registrar for the benefit of certain preferred creditors. He named as assignees H. Clay Evans, of Chattanoogn, late First As/ sistant Postmaster-General, and Louis 1 Black, of Cleveland The deed of trust conveys his entire estate, real and personal, including a number of tracts of land in the city and suburbs, the large building known as the Loveman Block, on Market street, together with the stock The preferred creditors and the . amounts due them make up a 11st of L thirty individuals, firms and corporat tions, and an aggregate Indebtedness of $131,786.57 In the list is the Central P National Bank of New York for the sum . of $25,000. ) CHICAGO, June 8 The private bank of C L Niehoff & Co. in La Salle street was placed in custody of a deputy sherIff last evening on attachments sued I out by some of the depositors. Some of . the bank's checks failed to go through , the Clearing-House yesterday afternoon, and the attachments are the result. t No statement could be obtained last night. . ASHLAND, Wis., June 8.-The Bank of Washburn closed its doors vesterday morning. Officers claim that suspension is only temporary on account of finan, cial stringency, and that it will reopen In A few days. It is a private Institution, with a stated capital of $25,000 I and a surplus of $12,000. The deposits I are about $40,000. A. C. Roberts, the President, says that depositors will be paid in full. SHELL LAKE. Wis., June 8.-Owing to the failure of the bank of A. C. t Roberts, at Washburn, the Shell Lake , Savings Bank, of which he is the principal owner. suspended yesterday. It is said that the depositors will be paid in full The assets and liabilities are not , known.
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Two Banks Closed in Wisconsin. Ashland, Wis., June 8.-The Bank of Washburn closed its doors yesterday. The officers claim that the suspension is only temporary. A SHELL LAKE BANK SHUT, Shell Lake, Wis., Jtine 8.-The Shell Lake Savings Bank suspended yesterday.
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Depositors Are Uneasy. SHELL LAKE, Wis., June 8. - The Shell Lake Savings bank has closed its doors, supposed to be owing to the suspension of A. C. Probert's private bank at Washburn. Depositors are uneasy, yet great confidence is reposed in the management of the bank.
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MORE BANKS CLOSED IN THE WEST. Chicago, June 8.-Conrad Nlehoff, private banker. at No. 49 La Salle-st., made an assignment for the benefit of all creditors, which was filed in the county court. transferring the banker's property to Adam W. Jaeger as assignee. Assets are scheduled at $90,000 and Liabilities at $60,000. Refusal of the bank through which Niehoff cleared to pay checks caused the trouble. The bank was conducted under the title of Conrad Niehoff & Co., but the banker had no associate in the business. Ashland, Wis., June 3.-The Bank of Washburn closed its doors yesterday. Officers say that suspension is only temporary, on account of financial stringency, and that it will open in a few days. It Is a private Institution with a stated capital of #25,000, and a surplus of $12,000. The déposits are about $40,000. A. C. Robert Is president and states that the depositors will be paid in full. Shell Lake, Wis., June 8.-Owing to the failure of the bank of A. C. Robert at Washburn, the Shell Lake Savings Bank, of which Robert is the principal owner. suspended yesterday. It is said that the depositors will be paid in full. The assets and liabili(ies are not known.
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PANIC ALLAYED. The Knn on Chicago Banks at an End-Bank and Commercial Failures. CHICAGO. June 8. - Tho run on the savings banks of this city has exhausted itself. There was no real local cause for the excitement. The failure of the Dwiggins bank was no cause for alarm. The closing of the Chemical Bank entailed no loss to depositors, and the Institutions presided over by Schaffner and Meadowcraft Brothers were of an entirely different class. being houses for the handling of commercial paper." The banks stood the assaults upon them firmly and furnished additional proof that the confidence heretofore placed in them is really deserved. The result should be so convincing as to prevent any other drain upon teem in response to idle reports which have only an imaginary foundaion. Conrad Niehoff. private banker. at 49 La Salle street, suspended businessthis morning. An assignment for the benefit of all creditors WAS filed in the County Court transferring the banker's property to Adam W. Jaeger as assignee. The assets are scheduled at $90,000 and liabilities at $60,000. The refusal of the bank through which Niehoff cleared to pay checks caused the trouble. The bank was conducted under the title of Conrad Niehoff & Co., but the banker had no associate in business. Ferdinand Gehrke. who has been doing a private banking business at 1,207 Milwaukee avenue, has assigned to Hans N. Neilson. The liabilities are placed at $33,000 and the assets at $40,000. The State street jewelry firm of Keuhne & Kappleman was forced to suspend business this morning. Their assets are placed at $30.000. while the liabilities are said not to exceed $20,000. The failure was caused by the firm's inability to meet paper held by one of the banks. an extension of which was refused. The American Trust and Savings Bank. assignee of Herman SchafTner it Co., filed a petition before Judge Scales to-day. asking for instructions as to what disposition should be made of a large number of notes which had been placed in the hands of the bank for collection and to be sold. The Court ordered that the note of $2,000 left by W. W. Bell be turned over to him at once. Schaffner's disappearance is as mysterious as ever. The derby hat found in an empty boat off Diversey street has been found to flt the head of the body taken from the lake on Tuesday. and young Schaffner says itwas not his father's hat anyway. President John J. Mitchell of the Illinois Trust and Savings Bank sent to-day a check for $500 to the Policemen's Benevolent Association. The check was pinned to a personal letter addressed to the Chief. in which the donor explained that the check was a contribution. suggested by the kind. courteous. and gentlemanly conduct of the police who were detailed at the bank during the recent run. The contribution is the largest ever received for the fund at one time. OTHER BUSINESS TROUBLES. ASHLAND, Wis.. June 8.-The Bank of Washburn closed its doors yesterday morning. The officers say the suspension is only temporary and is on account of financial stringency and the bank will reopen in a few days. It is a private institution, with a stated capital of $25,000. and a surplus of $12.000. The deposits are about $40,000. A. C. Robert. the President, says depositors will be paid in full. SHELL LAKE. Wis.. June 8--Owing to the failure of the bank of A. C. Probert at Washburn. the Shell Lake Savings Bank. of which he is the principal owner. suspended yesterday. It is said the depositors will be paid in full. The assets and liabilities are not known. MILWAUKEE. June 8.-T. H. Brown & Co.. carriage manufacturers. have assigned to O. L. Rosecranz. who gave bonds for $75,000.
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Depositors Are Uneasy. SHELL LAKE, Wis.. June 10.-The Shell Lake Savings Bank has closed its doors, supposed to be owing to the suspension of A. C. Probert's private bank at Washburn. Depositors are uneasy, yet great confidence is reposed in the management of the bank.
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The News Condensed. Miss Maggie Pollard, of Beloit, aged 40 years, carelessly threw a lighted match into a dish containing some gasoline and was fatally burned. Four tramps broke into the boot and shoe store of L. Borresen and the gents' furnishing store of Halseth & Knutsen at La Crosse, taking a small amount of property from each. T. H. Brown & Co., carriage manufacturers in Milwaukee, assigned to O. L. Rosencrans, who gave bonds for $75,000. The George J. Becker Furniture company, of Milwaukee, made an assignment with liabilities of $10,000. The Hudson savings bank, one of the oldest institutions in the west, closed its doors. Its deposits amounted to $700,000. Richard Segelke, a prominent business man at Platteville, dropped dead at his home from a rupture of a blood vessel. He was 45 years old and leaves a widow and five children. Owing to the failure of the private bank of A. Crobart, at Washburn, the Shell Lake savings bank, of which he is principal owner, was obliged to suspend. The Pioneer Furniture company's factory at Eau Claire caught fire, but was saved with a small damage mostly by water. The factory was shut down for repairs. William Phillips, peddler, an old man, was held up and robbed of $150 in the heart of Janesville at noon by a thug with a revolver. The Williams engine works at Beloit have been reorganized and H. T. Probert, of Chicago, elected general manager. Levi Hanson, 17 years old, pleaded guilty to stealing $1,600 from an uncle with whom he resided in Jacksonville and was sent to the reform school for one year. He had spent $700 on candy, clothes, ice cream, etc. The uncle recovered between $900 and $1,000. While Charles Nader and companion were boat riding on Fox river at Waukesha, their boat capsized and Nader was drowned. His companion was rescued. Both were 14 years old. Otto Gemull, 19 years old, who was caught robbing the 'safe of the Belle City Planing Mill company at Raeine,
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Arranging For Resumption. SHELL LAKE, Wis., Oct. 21.-A. C. Probert, president of the suspended Shell Lake Savings bank, also the Bank of Washburn and the Bank of Prescott, has just returned from a trip to the East, and has notified his depositors that he has partially perfected arrangements which will enable him to resume. Mr. Probert and his cashier are under arrest on several charges, and if the settlement is made it is believed by many that it means the criminal proceedings will be dropped.
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Bankers Discharged, SHELL LAKE. Wis., March 23.-The March term of the circuit court has adjourned. The most important business was the discharge of A. C. and Edwin Probert, the bankers arrested last July after the suspension of the Shell Lake Savings bank, charged with embezzlement and recoiving deposits arter the bank was insolvent. The bank has recently, resumed and is doing a good business.
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THE BANK ALL RIGHT. Cases Against the President and Cashier Dismissed. Special to the Globe. SHELL LAKE, Wis., March 22.-The criminal cases which were pending against A. C. and Edwin Probert, president and cashier of the Shell Lake Savings bank, have, on motion of the district attorney, been dismissed at the term of circuit court just held here by Judge R. D. Marshall. This was a foregone conclusion, as after the excitement following the bank failure last June had subsided it was readily perceived that everything was done in good faith by the bank officers, and that it was only under the stress of the panicky times which took down older institutions that they succumbed. A compromise was effected with the depositors, whereby the creditors will be paid off in quarterly payments extending over a period of two years. The bank is now open and doing a prosperous business.