d479dc3fFull suspension, Books examined
Other: Receiver appointed and bank placed in hands of Comptroller; assessment called for stockholders.
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Suicide and Two Bank Suspensions. BRUNSWICK, Ga.. May 18-M. Ullman, president of the Oglethorpe National Bank, committed suicide in the toilet room of the bank this morning. He was considered one of the wealthiest men in this section. The supposition is that Uilman had become crazed by financial troubles. The news spread rapidly and depositors started a run. A few minutes later the Oglethorne National Bank closed its doors, and it was immediately followed by the First National.
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BLEW OUT HIS BRAINS. A Bank President So Starts n Run and Neveral Failures. BRUNSWICK, Ga., May 18.-M. Ullman. president of the Oglethorpe National bank. mmitted suicide in the toilet room of the bank this morning. Besides being president of the Ogiethorpe bank. he was president of the Brunswick Brewing and Ice company and the line of river steamers. and a large stakeholder in various enterprises. President Burthage, of the First National bank, requested Ullman to repay a loan made the day before. "All right, wait a moment." said Ullman, stepping into the toilet room. In a moment Burthage heard a report. Ullman was found sitting upright with a bullet hole in the center of his forehead, The nows spread rapidly and the depositors started a run. In a few minutes the Oglethorpe National bank closed its doors, followed almost immediately by the First National bank. A slight run commenced on the Brnnswick State bank, but it met all demands. Mayor & Ullman, wholesale grocers, closed temporarily. The Brunswick brewery and the Brunewick cotton factory will also close temporarily. The Oglethorpe bank was capitalized nt $150,000 and the First National at $200,000. The officers of both banks say the claims will be paid in full. LINCOLN, May 18.-The Nebraska Savings bank is in trouble. For several days there has been a quiet run on this institution, which to-day assumed extensive proportions. The clearing house was called on for assistance, responded promptly. The officials are confident the bank will weather the storm. It has a capital of $250,000; deposits $150,000. CHICAGO, May 18.-The Evanston National bank. of Evanston, III., closed its doors to. day at the suggestion of the bank examiner. The bank has a capital stock of $100,000, and did business with the broken Chemical National, of this city. A notice on the bank door saya the depositors will be paid in full, and it is said the bank will resume next week. LONDON, May 18.-Stocks opened steady in consequence of the better feeling abroad, and closed firm. but without decided buoyancy. While there WHE an absence of gloomy rumors, a cloud of doubt seemed to overhang the situation respecting several firms which had been temporarily assisted. Operations were very cautions, under the suspicion that the recovery in the market of might only be temporary. The Bank England rate of discount has been advanced to four per cent, the highest for some time.
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FINANCIAL TROUBLES OF ALL SORTS EVANSVILLE, ILL, May 17.-The National Bank of trivansville closed its doors last night at the suggestion of Bank Examiner Caldwell, who after a days' examination of the books of the bank, met the directors at a meeting in the bank last evening. The capital stock of the bank is $100,000. It did business with the Chemical National. When the bank's patrons went to the building this morning they found the following notice upon the doors: "Owing to heavy drawings and the stringency of the money market this bank suspends payment. Depositors will be paid in full. HENRY WELLS. [Signed The Dank examiner says he found the accounts were in such shape that he would have to take at least three days to get at the bottom of things. CHICAGO, ILL.-A lot of, 600,000 bushels of corn was reported sold out on charge today for N. W. Harris & Co. The concern claims to be solvent, but its accounts are said to be in bad shape, by reason of the Columbia bank failure. CHICAGO, May 18.-The firm of N. H. Warren & Co. closed all its deals on the Board of Trade to-day. It is estimated that 660,000 bushels of corn were sold out on the firm's account. Nathan Warren attributes the suspension to the tying up of his money in the defunct Columbia National Bank. The suspension was precipitated by a bondsman for Warren & Co. with the Columbia National notifying the Board of Trade that he would no longer agree to indemnify traders against losses on margins occasioned by the fluctuations in the market. Mr. Warren says that he expects to come out all right. He claims that there is enough grain on the road to pay all his margins. The firm, it is said, was nipped somewhat at the time of the Deacon White failure. SAVANA, GA., May 18.-Dispatches from Brunswick, Ga., state that the First National Bank and the Oglethrope National Bank of that city closed their doors this morning, and that Mr. Ulman, President of the latter, committed suicide. These banks have been looked upon as shaky for some time past and their failure created no surprise in this city.
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STILL THEY GO DOWN Western Banks Keep on Closing Their Doors. Hopes of a Better State of Affairs Are Thrown Out, but Very Vaguely. Special to THE MORNING CALL BRUNSWICK, Ga., May 18.-M. Ullman, president of the Oglethorpe National Bank, committed suicide in the coilet-room of the bank this morning. Besides being president of the Oglethorpe Bank, he was president of the Brunswick Brewing and Ice Company and a line of river steamers, and was a large stockholder in various enterprises. President Burthage of the First National Bank requested Ullman to repay a loan made the day before. "All right. Wait a moment," said Ullman, stepping into the toilet-room. A moment later Burthage heard a report and U!Iman was found sitting upright with a bullet hole in the center of his forehead. The news spread rapidly, and the depositors started a run. In a few minutes the Oglethorpe National Bank closed its doors, followed almost immediately by the First National. A slight run was commenced on the Brunswick State Bank, but it met all demands. Mayer & Ullman. wholesale grocers, closed temporarily, and the Brunswick Brewery and the Brunswick cotton factory will also close temporarily. The Oglethorpe was capitalized at $120,000 and the First National at $200,000. The officers of both banks say all claims will be paid in full. EVANSTON, May 18.-The National Bank of Evanston, III., closed its doors this morning at the suggestion of the Bank Examiner. The bank has a capital stock of $100,000, and did business with the broken Chemical National in this city, The notice on the doors says depositors will be paid in full, and it is said the bank will resume next week. LINCOLN, May 18.-The Nebraska Savings Bank is in trouble. For several days there has been a quiet run on the institution, which to-day assumed extensive proportions. The Clearing-house was called on for assistance and responded promptly. The officials are confident the bank will weather the storm. It has a capital of $250,000. The deposits are $150,000. CHICAGO, May 18.-Six hundred thousand bushels of corn were reported sold out in the Board of Trade to-day for account of N. W. Warren & Co. The firm claims to be selvent, but its accounts are tied up by the Columbia Bank failure. MINNEAPOLIS, Minn., May 18.-The run on the Farmers' and Merchants' Bank, which began Saturday afternoon and which reached a climax yesterday, completely exhausted itself to-day.
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National Banks Suspend. NEW ORLEANS, May 19.-The Oglethorpe National bank and the Brunswick National bank, both of Brunswick, Ga., suspended just after Max Ullin, one of the leading merchants and bankers of that city, had committed suicide. What connection his death has with the suspensions is not yet known, but dispatches say there is great excitement in Brunswick.
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GEORGIA BANKER'S SUICIDE. M. Ulmann, of Brunswick, Kills Him. self in the Bank. BRUNSWICK, Ga., May 18.-M. Ulmann, president of the Oglethorpe National bank, committed suicide in the toilet room of the bank this morning. Besides being president of the Oglethorpe bank he was president of the Brunswick Brewing and Ice Company and ran a line of river steamers and was a large stockholder in various enterprises. President Burthage, of the First National bank, requested Ulmann to repay a loan made the day before. "All right: wait a moment," said Ulmann, stepping into the toilet room. A moment later Mr. Burth. age heard a report and Ulmann was found sitting upright with a bullet hole in the center of his forehead. The news spread rapidly, and depositors started a run. In a few minutes the Oglethorpe National bank closed its doors, and was followed almost immediately by the First National A run was commenced on the Brunswick State bank. but it met all demands. Mayor & Uimaan, wholesale grocers, closed temporarily, The Bruns. wick brewery and Brunswick cotton factory will also close temporarily. The Oglethorpe bank was capitalized at $150,000 and the First National at $200,000. The officers of both banks say that the claims will be paid in full.
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PREFERRED DEATH TO POVERTY. Bank President Ullman Suicides-Several Suspensions Result. BRUNSWICK, GA., May 18.-M. UIIman, president of the Oglethorpe National Bank, committed suicide in the toiletroom of the bank this morning. Up to this time he was considered one of the wealthiest men in this section. Besides being president of the Oglethrope Bank he was president of the Brunswick Brewing and Ice Company, and a line of river steamers, and was a larger stockholder in various enterprises. President /Burbage, of the First National Bank, called at the Oglethorpe Bank shortly after opening and requested Ullman to repay a loan made the day before. "All right, wait a moment," said Ullman, stepping into the toilet-room. A moment later Burbage heard a report. Ullman was found sitting upright with a bullet hole in the centre of his forehead. In his pockets were found an ounce bottle of laudanum, and an unsigned bond drawn to protect a large depositor who had demanded his money the day before. The supposition is that Ullman had been crazed by financial troubles, and that his inability to protect his friends drove him to suicide. The news spread rapidly, and depositors started a run. In a few minutes the Oglethorpe National closed its doors, followed almost immediately by the First National. A slight run commenced on the Brunswick State Bank, but it met all demands. Mayor & Ullman, wholesale grocers, have closed temporarily. The firm is composed of Sam Mayer and M. Ullman. The Brunswick Brewery and the Brunswick Cotton Factory will also close temporarily. Rumors affecting the two banks had been in circulation for several days. These became public after the tragedy, causing the runs. The Oglethorpe was capitalized at $150,000, and the First National Bank at $200,000. The officers of both banks say that claims will be paid in full. Bank examiners have been wired for, and pending their arrival nothing definite will be known. Business will not suffer to any great extent. WASHINGTON, D. C., May 18.-Comptroller Eckels this afternoon ordered Bank Examiner John Carskedan, of West Virginia, to Brunswick to take charge of the First National Bank and the Oglethorpe National Bank of Brunswick, both of which closed their doors this morning. The First National Bank had capital of $200,000 and the Oglethorpe Bank of $150,000. The resources of the banks on May 4th, as reported, were for the former $492,000, and for the latter $682,000. Illinois Bank Failure, EVANSTON, ILL., May 18.-The Evanston National Bank, of this city, closed its doors this morning, at the suggestion of National Bank Examiner George B. Caldwell. The bank formerly did business with the Chemical National Bank, of Chicago, but after the failure of that institution transferred its accounts to the Metropolitan National Bank, of Chicago. Nebraska Bank In Trouble. LINCOLN, NEB., May 18.-The Nebraska Savings Bank is in trouble: For several days there has been a quiet run on the institution, which to-day assumed extensive proportions. The clearing house, was called on for assistance and responded promptly, and the bank is confident it will weather the storm. The bank has a capital of $250,000 and the deposits amount to $150,000.
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BUSINESS TROUBLES. A Sloux City Merchant's Loss is the Big Fallure-Duspensions of Banks SIOUX CITY, May 18.-In the district court today Judge Gaynor decided against W. H. Silberhorn's petition to recover the notes put up for stock in the San Francisco Union Stock Yards Company. The court's ruling practically established Silberborn's liabilities on all the notes issued, $245,000, which he endorsed together with s S. Garretson. and which are now figured in the assets of the Union Loan and Trust Company. SAN JOSE, May 18.-The directors ot the coliapsed Bank of Santa Clara county met this morning and J. P. Pierce tendered his resignation as president. It was accepted and F. C. Franck was elected to the position. It was decided to issue a call for 10 per cent. of the capital stock, payable June 3. This will give the directors $30,000, which is ample funds to meet all claims against the bank. It was also the expressed desire that the bank make an effort to pay all depositors in thirty days, or as soon thereafter as possible. The directors decided that the bank should resame business at an early day and several well known men were mentioned as suitable persons to manage the affairs of the new institution, but no conclusion in this respect was reached. The position of cashier was tendered to Hamilton W. Stephens, but he declined to accept it. T. J. Brandon was chosen temporary cashier. and an effort will be made to retain him in that position. The business men of Santa Clara are jubilantover the news that the bank will resume business. CHICAGO, May 18.-The Evanston National bank, of Evanston, III., closed its doors this morning at the suggestion of the bank examiner. The bank has a capital stock of $100,000. It did business with the broken Chemical National bank, of this city. A notice on the bank door says that depositors will be paid in full and it is said that the bank will resume next week. LINCOLN. May 18.-The Nebraska Savings bank is in trouble. For several days there had been a quiet run on the institution, which today assumed extensive proportions. The clearing house was called on for assistance and responded promptly. The officials are confident that the bank will weather the storm. It has a capital of $250,000 and deposits amounting to $150,000. BRUNSWICK, Ga. May 18.-The First National bank and the Oglethorpe National bank closed their doors this morning and M. Ulmann, president of the latter, has committed suicide. The failures were expected. CHICAGO, May 18.-It is reported that 600,000 busheis of corn was sold out on the Board of Trade today for the account of N. W. Warren & Co. The firm claims to be solvent, but its accounts are tied up by the Columbia National bank failure.
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WOULD NOT FACE DISHONOD. Brunswick, Georgia, May 18.-M. Ullman, president of the Oglethorpe National Bank committed suicide in the toilet room of the bank this morning. President Burthage of the First National Bank requested Ullman to repay a loan made the day before. "All right; wait a minute," said Ullman, stepping into the toilet room. In a moment Mr. Burthage heard a report and Ullman was found sitting upright, with a bullet hole in the center of his forehead. The news spread rapidly and the depositors started a run. In a few minutes the Oglethorpe National Bank closed its doors, followed almost immediately by the First National. A slight run was commenced on the Brunswick State Bank but the bank met all demands. Mayor and Ullman wholesale grocers, closed temporarily. The Brunswick Brewery and the Brunswick Cotton Factory will also close temporarily. The Oglethorpe Bank was capitalized at $150,000, and the First National'at $200,000. The officers of both banks say that the creditors will be paid in full.
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DID NOT CAUSE SURPRISE. Financiers Here Aware of the Weakness of Brunswick's Broken Banks. Stock of the Oglethorpe Bank Offered in Savannah for Months Without Takers-Only Small Holdings Owned by Local Capitalists-The Bulk Unloaded About a Year Ago-President Uliman a Former Well-Known and Popular Savannahian-Views of a Brunswick Bank President on the Situation. The announcement of the failure of the First National and Oglethorpe National banks of Brunswick, which reached here just after Savannah's banks had opened for business, did not cause much of a stir in local financial circles, as both banks had been looked upon for a long time as shaky institutions. The failure was no surprise to the local ank officials. They have been chary of the Brunswick banks for over a month and were prepared at any time to hear they had closed their doors. Some of the a paper went to protest in New York week ago and in the last few days they have shown other signs of weakness. Quite a large block of stock in both banks was held by Savannahians up to about a year ago, but the holders became, in many instances, dissatisfied with the speculative management of the concerns and unloaded as much as possible. Nevertheless, about $40,000 of the stock was held here by individuals, who will in no wise be affected by the failure as far as their financial stability is concerned. This $40,000 was distributed among about dozen business men. the largest single holdings not footing up over $5,000. President Herman Myers of the Savannah National is one of these stockholders, and he left yesterday for Brunswick to represent the Savannah stockholders' interests. NO MARKET FOR THE STOCK. For several months there has been no market anywhere for Oglethorpe stock. It has been offered repeatedly in the Savannah market, but nobody would touch it. This state of affairs shows how Savannah's financiers have looked upon the broken bank. The suicide of President Max Ullman of the Oglethorpe National caused more surprise and gossip than the failure of the two banks. He was well and favorably known in Savannah, having resided here for many years. He traveled the southeastern states for four years for H. Myers & Bros. and was one of the most popular traveling men on the road. Mr. Ullman left Savannah to go into the cotton business with S. Mayer at Albany and afterward worked for the house of S. Mayer & Glauber in Americus. Later he married one of Mr. Mayer's daughters, who is sister of Mrs. Emanuel Smith of this cfty. Mr. Ullman moved to Erunswick ten years ago with Mayer & Glauber, and shortly afterward became a member of the firm. He took a lively interest in the development of Brunswick and was soon looked upon as one of its most progressive and pushing citizens. He put his money into all the local industries and did every thing in his power to make Brunswick one of Georgia's foremost cities. BRUNSWICK'S LEADING FINANCIER. Nothing was complete in the town unless Max Ullman was interested in it. and when he undertook the organization of the Oglethorpe bank he had no trouble in interesting the monied people of Brunswick and Savannah in the scheme. Those in Savannah who were intimate with him say he was a man highly sensitive of his honor, and they believe when he found himself face to face with the ruin of his cherished financial scheme -the bank-this sensitiveness caused him to take his life rather than meet the people and stand the calumny which he feared would be heaped upon him for the disaster. President C. B. Lloyd of the Brunswick State Bank was in the city yesterday en route to New York for the benefit of his health. As soon as he heard of the suspension of the two banks he wired his cashier. Mr. Cunningham, for particulars and also as to the possible effect on other financial institutions. He received a reply that the failures had not caused as much excitement among the people as had been anticipated and there was practically no rush being made. WILL NOT CRIPPLE BRUNSWICK. For some time." said Mr. Lloyd, "we have been aware that the First National and Oglethorpe were suffering on account of the general financial depression, but were in hopes they would tide over: still the failures were not a surprise to me. The Merchants and Traders Bank the Brunswick Savings and Trust Company, and the Brunswick State Bank are perfectly solvent and will in no wise be affected by the failures. A few minor industries may be temporarily affected by the suspension, but things will, I am satisfied, work out all right. The most regrettable feature of the entire affair was the suicide of Mr. Ullman. He was a public-spirited citizen and Brunswick will miss him. His brother and other relatives are wealthy, and I believe they will see that the Oglethorpe's affairs are properly righted.
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CRAZED BY MONEY TROUBLES, Banker Ulman Took Laudanum and Then Blew Out His Brains. BRUNSWICK, Ga., May 19.-M. Ulman, proprietor of the Oglethorp National Bank, who committed suicide yesterday, was considered one of the wealthiest men in this section. Besides being president of the Oglethorp Bank, he was president of the Brunswick Brewing and Ice Company, and a line of river steamers, and was a large stockholder in various enterprises. President Burbage of the First National Bank called at the Oglethorp Bank yesterday shortly after opening, and requested Mr. Ulman to repay a loan made the day before. "All right; wait a moment," said Ulman, stepping into the toilet room. A moment later Burbage heard a report. Ulman was found sitting upright with a bullet hole in the centre of his forehead. In his pockets were found an ounce bottle of laudanum and an unsigned bond drawn to protect a large depositor who had demanded his money the day before. The supposition is that Ulman had become crazed by financial troubles, and his inability to protect his friends drove him to suicide. The news spread rapidly, and depositors started a run. In a few minutes the Oglethorp National Bank closed its doors, followed almost immediately by the First National. A slight run commenced on the Brunswick State Bank. but it met all demands.
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TRAGEDY IN A BANK. Bank President Ulman Commits Suicide and Two Banks Suspend. BRUNSWICK, Ga., May 19.-M. Uilman, president of the Oglethorpe National bank, committed suicide in the toilet room of the bank. Up to this time he was considered one of the wealthiest men of this section. President Burbage of the First National bank called at the Oglethorpe bank shortly after opening and requested Ullman to repay a loan made the day before. "All right, wait a moment," said Ullman, stepping into the toilet room. A moment later Burbage heard a report. Ullman was found sitting upright with a ...liet hole in the center of his forehead. The supposition is that Ullman had been azed by financial troubles. The news spread rapidly and depositors started on a run. In a few minutes the Oglethorpe National base closed its doors, followed almost immediately by the First National. The Brunswick brewery and the Brunswick cotton factory will also close temporarily.
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WEST AND SOUTH. IN Chicot county, Ark., 100 feet of levee near Grand Lake collapsed, flooding many plantations and causing immense loss. AT Conneaut, O., the tug Continental and scow were washed out into the lake and foundered and seven men and two women who were on board were drowned. NEGROES lynched Will Neal (colored) near Williamsville, Miss., for assaulting the 6-year-old daughter of Jackson Conly, also colored. WHILEON his way from Smyrna, Mich., to Bowling Green, O., Charles R. Griner, a timber buyer, was waylaid and robbed of $1,200. THE Charles Pope Glucose company's factory at Geneva, Ill., blew up, wrecking the building and killing seven workmen and terribly injuring four other men. The property loss was $150,000. JOHN JOHNSON. Albert Currier, Nicho las Servas and Chester Simons, mem bers of the life-saving crew at Cleveland O., were drowned by the capsizing of their boat while attempting to rescue two drowning men. AT Keytesville, Mo., William Morris shot his wife and then took his own life. Jealously was the cause. THE doors of the Citizens' bank of Minneapolis, with a capital of $250,000, were closed, and the Bank of Zumbrota, at Zumbrota, Minn., suspended payment. CHIEFS of police of many cities met in Chicago and organized a national union with W. S. Seavey, of Omaha, as president. THE wife of Michael Bierge, a wealthy farmer residing near Barnard, Mo., suddenly became insane and killed her 5months-old bab and cut her own throat, dying instantly. THE will of Bishop Ames, of the Methodist church, after standing fourteen years was broken at Baltimore, and the estate, valued at between $150,000 and $200,000, will now be divided according to law. REPRESENTATIVE negroes of South Carolina met in Columbia and adopted resolutions in which lynching was condemned and an appeal made to the humane people of the state to aid them in suppressing any attempt to violate the law by lynching. THE Brunswick national bank and Oglethorpe national bank, by be my Brunswick, Ga., suspended, and Mounman, president of the Oglethorpe, committed suicide. FLAMES of an incendiary origin swept away seventeen business houses and residences at Montfort, Wis. Loss, $100,000. THE doors of the Evanston (III.) na tional bank, with a capital of $100,000, were closed. FIRE in the building occupied by the Dr. Price Baking Powder company in Chicago caused a damage of $115,000. THE King Iron Bridge company's works at Cleveland, O., were damaged to the extent of $150,000 by fire. IN the jail yard at Lake Charles, La., Lewis Taylor (colored) was hanged for assaulting a negro woman some months ago.
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CHIEFS of police of many cities met in Chicago and organized a national union with W. S. Seavey, of Omaha, as president. THE wife of Michael Bierge. a wealthy farmer residing near Barnard, Mo., suddenly became insane and killed her 5months-old bat eand herown throat. dying instantly. THE will of Bishop Ames, of the Methodist church, after standing fourteen years was broken at Baltimore, and the estate, valued at between $150, 000 and $200,000, will now be divided ac: cording to law. REPRESENTATIVE negroes of South Carolina met in Columbia and adopted resolutions in which lynching was condemned and an appeal made to the humane people of the state to aid them in suppressing any attempt to violate the law by lynching. THE Brunswick national bank and Oglethorpe national bank, both of Brunswick, Ga., suspended, and M. UIIman. president of the Oglethorpe, committed suicide. FLAMES of an incendiary origin swept away seventeen business houses and residences at Montfort, Wis. Loss, $100,000. THE doors of the Evanston (III.) national bank. with a capital of $100,000. were closed. FIRE in the building occupied by the Dr. Price Baking Powder company in Chicago caused a damage of $115,000. THE King Iron Bridge company's works at Cleveland. O., were damaged to the extent of $150.000 by fire. IN the jail yard at Lake Charles, La., Lewis Taylor (colored) was hanged for assaulting a negro woman some months ago. FREDERICK C. SCHENCK. for seventeen years consul to Barcelona, Spain, beginning in Hayes' administration. died at Lafayette, Ind., aged 53 years. THE death of James E. Murdoch. the famous tragedian. aged 83 years, occurred at his suburban home near Cincinnati of various ailments combined with old age. Ix session in St. Paul the international convention of press clubs elected John A. Cockerell, of New York, as president. It was decided to establish a home for aged and infirm journalists. AT Bellaire, O., Ethelinda Mayhue has brought suit for divorce against Oliver Mayhue, a grocer. They were married April 20. 1854. and have fourteen children. Cruelty was the charge. THE directory of the world's fair adopted a rule that for the future all children under 12 and over 6 years of age will be admitted to the fair for twenty-five cents. Ix the southeastern Kansas coal fields 5,000 miners struck for higher wages. FIRE suffocated twenty-five horses belonging to the People's Outfitting company in Chicago.
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, Bank Receiver. I WASHINGTON, June 12.-Comptroller of the currency has appointed Jos. W. Bennett receiver of the Oglethorpe bank, : Brunswick, Ga.
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TRAMMELL IS ON TOP. He Stands the Best Chance to Be Internal Revenue Collector. ecretary Carlisle Believed to Have Promised Col. Trammell the Place. The Fight at Athens to Secure a New System of Water Works-A' Receiver Named For the Brunswick Banks. Washington, June 13. -There is nothing brand new about the collectorship of internal revenue for Georgia. Representative Turner has made his speech for his man and the North Georgia people have made other speeches that are presumed to be counter irritant. Secretary Carlisle appears to have promised to put Col. Trammell in the office and the President will hardly go behind the returns this late in the day. Mayor Tuck of Athens was here to-day on his return south from New York. It appears from his statement that the legal cause which called him to Gotham involves a grave local question for his town. Athens had water works built some ten years ago by a northern concern. The works have proved inadequate after a ten years' trial and a contract entered into with a new company is the issue to be met. The original company claim a thirty years' monopoly of the water rights of the town under their contract and they have enjoined the new company, who have their works nearly complete, from doing business. Mayor Tuck thinks the town will overthrow the injunction. Gen. Gordon returned yesterday afternoon from New York, and is stopping a short distance out of town with his son Frank. He was in the city to-day, but made no official calls, it being cabinet day. He is billed for an address in New York at an early date, with Lee and Grant as his subjects. THE BRUNSWICK BANKS. Controller of the Currency Eckles has appointed Joseph Burnett, a young lawyer of that town, as receiver of the broken, Oglethorpe Bank. Mr. Burbage of the First National, which is also crippled, is still here and wants a show to reopen his vaults, but the probability is that he won't be accommodated unless he can pay his debts. However, he will see Controller Eckles again to-morrow and then the matter will be decided. The following Georgians have been granted pensions for services in the Indian wars: Aaron Roff, Jonathan Miller, A. M. Horne, W. J. Avery, William H. Wilder and James Keheley. The following Georgia widows of Indian fighters come in for $8 per month each on recent adjustments: Elizabeth Moore, Sarah E. Alexander, Harriet Miles, Elizabeth King, Martha Sparks, Electra Carter, Belinda Kelly, Elizabeth Ormond and Mary Gilbert. Secretary Hoke Smith will return to Washington to-morrow from Ocean Beach, Va.
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COMPTROLTER Eckels yesterday ap. pointed receivers for the Oglethorp National Bank, of Burnswick, Ga.,; First National Bank, of Lakota, N. D. First National of Cedar Falls, Ia., and the First National, of Brady, Texas.
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DAYWO DATE TWO DANAS FAIL And a Receiver Has Been Appointed for a Third. OMAHA, NEB -The American National Bank is in the hands of Comptroller J. L. McCague, president, and it is supposed that the American National's connection with the McCague Savings Bank, caused its downfall. There are heavy runs on all the savings banks here. A BALT LAKE CITY BANK SALT LAKE UTAH.--The Park City Bank has suspended. Liabilities $130,000; assets as much. The claim is made that the bank will shortly resume The assignee says that the depositors are to be paid 80 cents on the dollar. A BANK RECEIVER APPOINTED W ASHINGTON, D. C.-The Comptroller of the Currency has appointed Joseph W. Bennett receiver of the Oglthorpe National Bank, Brunswick, G.I.
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TWO BANKS FAIL And a Receiver Has Been Appointed for a Third. OMAHA, NEB - -The American National Bank is in the hands of Comptroller J. L. McCague, president, and it is supposed that the American National's connection with the McCague Savings Bank, caused its downfall. There are heavy runs on all the savings banks here. A SALT LAKE CITY BANK. SALT LAKE UTAH.-The Park City Bank has suspended. Liabilities $130,000; assets as much. The claim is made that the bank will shortly resume The assignee says that the depositors are to be paid 80 cents on the dollar. BANK RECEIVER APPOINTED. WASHINGTON, D. C.-The Comptroller of the Currency has appointed Joseph W. Bennett receiver of the Oglethorpe National Bank, Brunswick, G.I.
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WANTED A LAWYER Something About Mr. Williams' Interview With the Controller of the Currency. Some facts concerning the interview which Mr. J. P. Williams had with Controller of Currency Eckels, when he went on as representative from the committee appointed by the solvent stockholders of the Oglethorpe National Bank. of Brunswick, will prove an interesting addition to the history of the administration of its affairs told by Mr. Herman Myers. Representing the solvent stockholders Mr. Williams went to Washington to see Controller Eckels, and to endeavor if possible to make some arrangement by which the solvent stockholders could take hold of the bank and straighten out its affairs. In speaking of the matter yesterday Mr. Williams said the controller seemed determined to appoint a receiver and he then suggested Mr. Myers as a practical business man and a receiver who would be acceptable to all the stockholders. "Mr. Eckels would not appoint Mr. Myers," said Mr. Williams, "because he could not give his undivided time and attention to the work, but would have been compelled to employ an assistant. He insisted on the appointment of a lawyer for tke reason that a lawyer could attend at the same time to the collections of the bank and the legal part of the business without the appointment of counsel to the receiver. "When I returned, the committee decided among others to suggest Mr. Samuel Atkinson, a well known attorney of Brunswick, as a receiver who would be acceptable to all the stock-holders. Mr. Eckels seemed opposed to appointing a Brunswick lawyer, and a few days later a telegram was received announcing the appointment of Mr. J. W. Bennett, and much to my surprise the appointment by him of Judge Mershon as counsel to the receiver. This was more surprising considering the fact that he desired the appointment of a lawyer for the very reason of saving the extra expense of counsel to the receiver. "The action of Mr. Eckels has been very objectionable to all stockholders, not that there were any personal objections to Mr. Bennett, but there were reasons why the appointment of one of the other gentlemen suggested would have been more acceptable to thestockholders. That it was done for political reasons, there can be no doubt. They are dissatisfied also with his action in calling for an assessment of 75 per cent. on the stock before giving the bank's affairs a thorough investigation. He has by no means had time to determine whether such an assessment is necessary or not. Mr. Myers left for Brunswick last night and Mr. Williams may go down within a day or two. They will look into the status of the bank with a view to making a proposition on the part of the solvent stockholders to take up the institution, pay whatever assessment is necessary and rehabilitate it.
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DID NOT DENY THE CHARGES Mr. Myers Reiterates His Statements About Mr. Eckels. He Did Not, However, Charge Mr. Bennett With Being Responsible for the Appointment of Judge Mershon-Mr. Myers Says the Interview With Mr. Eckels Fully Confirms His Position That the Appointments Were Controlled By Politics. Mr. Herman Myers returned yesterday from Brunswick, where he went to examine the accounts of the Oglethorpe National Bank, in view of the proposition which may come from the solvent stockholders to take up the bank's assets and liabilities and re-organize the institution. Mr. Meyers says his examination was very satisfactory SO far as it was carried, but he says he is waiting for a number of statements and other information which are to be sent him before he can make his report, to the solvent stockholders whom he, Colonel Garrard and Mr. J.P. Williams represent as a committee. [The entire business will be looked into by this committee and if the bank's affairs are found in a condition to warrant such action. the stockholders may make a proposition to Controller Eckels to that effect. DID NOT DENY THE STATEMENTS. Mr. Myers was asked in reference to the statement sent out from Brunswick that he had made a denial of the charges published in an interview with him in the MORNING NEWS last Monday. It was reported that he had made a full and complete denial of the charges in the presence of his attorney, Judge Spencer Atkinson, Judge Mershon, Receiver Ben nett and Book Keeper E. D. Walter. "That statement was false," said Mr. Myers. "I denied nothing in the interthe with of exception view, one statement accredited to me to the effect that Judge Mershon was appointed counsel to the receiver by Mr. Bennett. I said that the agreement was that Judge Mershon was to be appointed, by whom do not know. But of the fact that his appointment was to follow and that he was promised the attorneyship, I am positive that I have sufficient proof. 'As to the other statements in the interview in regard to the appointment being controlled by politics and the hasty action of Mr. Eckels in levying a 75 per assessment, they were entirely correct. and I reiterate them. I say again that the stockholders are not at all satisfied with Mr. Eckels' action in the matter. CONFIRMS HIS STATEMENT. Mr. Myers called attention to an interview with Comtroller Eckels which appeared in the Atlanta Journal of Tuesday afternoon. The statement charged that Mr. Myers was an applicant for the receivership. This is a mistake, as Mr. J. P. Williams said in his interview the name of Mr. Myers was suggested to the Comtroller by himself as a business man who he knew would be acceptable to the other stockholders. Mr. Myers, however, could not have given his entire Mr. time to the work and Mr. Eckels refused to appoint him. Myers himself was never an applicant. Continuing his interview, Mr. Eckels says: "On recommendation of Representative Turner, reinforced by the indorsement of Secretary Smith, I appointed Mr. Bennett. Upon further indorsement by Secretary Smith, Judge Mershon, a lawyer of excellent standing, was named as counsel. "A plainer admission of the charges I make," said Mr, Myers "with regard to the above statement could not be desired. I said that the appointment was controlled by politics and this practically amounts to an admission of that statement. "If Mr. Eckels wanted to regard the wishes of the stockholders at all he should have appointed a receiver who, for reasons which have been given before, I would have been acceptable to them. repeat that it is a dangerous precedent and it will certainly prove injurious to national banks and their stockholders if their policy is to be controlled by politics instead of business methods.
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for Mrs. Way, against the Royal Insurance Company of London, England. Col. Way had a policy of $7,000 with this company on his house and furniture at Beaulieu, and the fact that one of these insurance cases has already been tried in the city court here, will give it added interest. The testimony in this case will probably be taken before a master in chancery, and the facts at issue given to the judge for his consideration. Those of the sailors of the bark Nevada, which was libelled at this port and to whom money is probably coming out of the registry of the court, are awaiting this session with interest in the hope that the case will be decided, and they will get what is due them if anything is due. This case has been in the court for more than two years and a half, and those of the sailors who had the patience, and who have not died, are still here waiting to see what the result will be. The United States will also proceed against Jacob Rauers for the purpose of condemning certain lands on St. Catherine's Island for the purpose of establishing a lighthouse station there. There are many other cases of minor interest and importance to come before the court, and the session is likely to be a long one. The suit of J. W. Bennett, receiver of the Oglethorpe National Bank of Brunswick, against a large number of the stockholders for the assessments levied on their stock will perhaps be of much interest on account of the fact that many of the stockholders sued reside in Savannah.