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Run on a Bank. MACON (Ga.), March 11.-A run was made on the Capital Bank of this city this morning. It was thought that the bank held a large amount of stock of the Macon Construction Company as collateral for loans. H. H. Hodgson was appointed temporary receiver.
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MACON'S RAILROAD FLURRY. A Run on the Capital Bank and 8 Receiver Appointed. MACON, GA., March 11.-A run was made on the Capital Bank of this city this morning. It was thought by the depositors that the bank held a large amount of the stock of the Macon Construction Company as collateral |for loans. N. M. Hodgkins was appointed temporary receiver. W. B. Sparks, president of the Macon Construction Company, was appointed temporary receiver of the affairs of that corporation.
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A Macon Bank Failure. MACON, Ga., March 13.--The Capital bank, of this city, with $100,000, closed its doors yesterday on account of large advances to the Macon Construction company, which went into the hands of a receiver yesterday.
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Forced to Suspend. Macos, Ga., March 11 -Capitol bank of this city, with one hundred thousand dollars capital, closed its doors today on account of a large advance to the Macon Construction Co., which went into the hands of a receiver today.
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The Jefferson Insurance Company will retire from business, after an existence of 07 years. The reasons given for retiring are depreciation in values, small profits and poor prospects for improvement. MACON, Ga., March 11.-A run was made on the Capital Bank of this city this morning. It was thought the bank held large amounts of stock of the Macon Construction Company as collateral for loans. H. H. Hodgson was appointed temporary receiver.
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worth of property was destroyed by fire it Chicago yesterday. Secretary Bisine is said to be highly pleased with Lord Salisbury's letter on the Bebring sea matter. The trial of Char. E Kincald for the kill. ing of ex Representative Taulbee will begin next week in Washington. A bill has been introduced in the Pennay 1varia legilatore to prohibit the wearing of tights on the stage in that State. Fome 300 Chinese pirates and robbers were beheaded in Kwantung province during the last few days of the old Chinese year. A bill to prohibit the employment by 001porations of Pinkerton's detectives in strikes has passed the New York State Assembly. David Poster, the prominent lawyer of Mempbis, Tenn., who W&S shot in that city on Tuesday by Col. H Clay King, died yesterday. Mr. Stephen B. E king is talking of an e:tension of the West Virginia Central Ral road from Cumberland to tidewater by BCother than the canal rouse. Tt e friends of Mrs. Jackson, who was atducted by her busband in Eegland. have abandoned the siege of the house where her husband bss her imprisoned. The Boston and New York partners of the banking bonee of Kidder, Peabods & Co have agreed to separate, and ef the 1 it of next May there will be two big concerns. Last night an explosion of gas at Pittsburg blew ont the entire rear of the Weld in building. The entire building seemed to leap at once into a eheet of flime and is a total loss. James Д. Simmons bas been convicted on the charge of emb: zzling $622 000, the funde of the Sixth National Bank of New York This sentence renders Simmons liable to from five to ten years imprisonment. Toe momentous question, "Does Jerry Simpson wear socks?" is no longer a 00 numdrum. He said to a convention of farmers at Annapolis yesterday. "I do wear socks, and I put them on after Ingal's' defeat." President Robinson, of the Seaboard and Roanoke, has declined to stand by a CODtract to lease the Georgia Southern and Florida Railroad. This caused a run on the Capital Bank of Macon, which had to close its doors. An Indian squaw has caused a sensation in the Michigan Legislature, by charging that Representative Friedlander. a democrat, who married her in 1854, had deserted he: and without a divorce bad married a woman in Alpens. Joseph T. Hall, B clerk in the Treasury Department. who has for years been 8 die tingu shed figure about Washington on account of his diminutive size, died last night at his residence in the country. Mr. Hall was tut three and a-half feet in height. The body of a middle-agad man was washed ashore at Tottenville, N. Y., yesterday The write and elbowe were tied hebind him firmly with stout cord. Toe mouth was curely gagged with a linen haudkerchief. The deed man Was six feet tall and had brown hair and mustache. He was about 35 years old. The republicans at their caucus at Hartford, Conn, Feeterday, agreed on an amended form of what has been popularly known 88 the "Judson proposition" as a possible way out of the present gubernatorial contest in Con 100 icnt. The plan is to submit to the courts the question of the legality of the votes cast for Governor. The Seventh and Eighth Battalions, Dis trict of Columbia National Guard, colored troops, will be mustered out of the District militia organization by Monday next because Cougress failed to appropriate the emount necessary to maintain them. The colored brothers feel very sore over this "ontrage." as they call it, and are as usual rushing into print in a basty manner with severe criticlsms of Gan. Ordway.
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Run on a Macon Bank. (By telegraph to the Dispatch.] MACON, GA,, March 11.-A run was made on the Capital Bank of this city this morning. It was thought by depositors that the bank held a large amount of the stock of the Macon Construction Company as collateral for loans. N. M. Hodgson was appointed temporary receiver. W. H. Sparks, president of the Macon Construction Company, was appointed temporary receiver of the affairs of that corporation.
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A Run on a Bank. Macon, Ga., March 11.-A run was made on the Capitol bank of this city this morning. It was thought the bank held large amounts of stocks of the Macon Construction company, as collateral for loans. H. H. Hodgson was appointed temporary receiver.
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GENERAL NEWS. Governor Russell yesterday appointed Thursday, April 21, as Fast Day in Massachusetts. The levee at Hillhouse, Miss., on the Mississippi river, broke early yesterday morning, and great damage is likely to result. Lasters, in the employ of Dale & Whittredge, shoe manufacturers at Lynn, Mass., struck for an increase of wages yesterday. At a ball at Kilgore, Ky., Tuesday night, a free fight occurred among the dancers. Revolvers were used, and six of the participants fatally injured. The business part of the matters causing Benjamin W. Barrows to leave hcme have been settled by the payment of $1542 to the Shoe and Leather Bank of Boston. The lasters employed at the factory of J. W. Hart & Co., of Weymouth, Mass., who went out yesterday, will return to work tomorrow morning. The firm has signed a new price list. Levi Stearns, sexton of Grace church, Providence, R. I. has been missing since Tuesday. He is 53 years old, is light-complexioned and weighs 170 pounds. The Capital Bank of Macon, Ga., has closed its doors on account of large advances to the Macon Construction Company, which went into the hands of a receiver. Bella Preusch, of Virginia City, Nevada, aged 14, fatally shot herself Wednesday on account of having been suspended from attending public school for alleged misconduct She declared she was innocent of the charge. The Supreme Court of Ohio yesterday morning rendered a decision in the case of the board of city affairs of Cincinnati, declaring the law under which that body was broughtinto existence to be unconstitutional. The "grip" is having a terrible run In Chicago. Nearly 100 employes of the custom house and several custom house officers are afficted, as well as many persons employed in manufacturing establishments.
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TBE MACON PANKS. None in Any Trouble But the Capital Bank. From the Macon (Ga) News. Cashier N. M. Hodgkins, who has been appointed temporary receiver of the Capital Bank, is now in charge of its affairs. Receiver Hodgkins is busily engaged making the collections due the bank and is depositing them at the Exchange Bank. The bank transacts no other business. The News is informed that no depositor and no creditor of the Capital Bank will lose a cent. The stockholders may also come out very well indeed. This largely depends, however, on the worth of Macon Construction stock. The liabilities, it is thought, will be about $75,000 and the asse S about $200,000. All the other banks of the city are in solid shape. All their affairs are in first-class condition. The banks need no assistance whatever, but much has been voluntarily offered The Southern Bank of Savannah voluntarily sent the Exchange bank Thursday $50,000. The Exch nge bank Thursday also received the following telegram from James T. Woodman, president: Hanover National bank of New York city, an institution with $22,000,000: NEW YORK, March 12.-J. W. Cabaniss, cashier, Exchange Bank, Macon, Ga.: Will ship you fully $50,000 currency when required, and as much more as becomes necessary.
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IN AN UNSETTLED STATE. THE MACON AND ATLANTIC'S FUTURE VERY UNCERTAIN. The Relations Between the Macon Construction Company end the Macon and Savannah Construction Company Very Close-Why the Seaboard and Roanoke's Lease of the Georgia Southern and Florida Fell Through-President Robinson Didn't Find Things as Represented and He Annulled the Contract-President Sparks' Mistake. John R. Young returned yesterday from Macon, where be went to get an insight into the affairs of the Macon Construction Company. Mr. Young was seen by a MORNING Naws reporter. In answer to inquiries he replied that there is little further to be said in addition to what has already been published. "What effect will the complication of the Macon Construction Company have on the construction of the Macon and Atlantic?" he was asked, "The affairs of the Macon and Atlantic," be replied, "as well as those of the Macon Construction Company and its properties, the Georgia Southern and Florida and the Macon and Birmingbam railroads, are in the hands of a receiver, and it is hard to tell just now what will be done to complete the building of the road. McTighe & Co., the contractors and principal creditors, who filed the bill for a receiver, recommended the appointment of President Sparks as receiver, and they seem to have confidence in his ability to get matters in shape and arrange for the completion of the work." "The failure of the Macon Construction Company will prevent the Macon and Savannah Construction Company from going forward with the work upon the Macon and Atlantic railroad, then?" "Perhaps 80. The two companies are intimately connected, and what affects one affects the other." THE MACON AND ATLANTIC'S FUTURE. "What will be done with the Macon and Atlantic railroad, then. Will the projectors complete it, or will it be sold out?" "I don't know yet what will be done. Everything is too unsettled to express an opinion. I found all the parties interested in Macon very cheerful and very hopeful that everything will work out well in the end. The Macon Construction Company is solvent. The intrinsic value of its assets is just as great as it ever was. The Georgia Southern and Florida railroad is good for its bonds." "How was it, Mr. Young, that it was given out that the lease had been made by President Robinson of the Seaboard and Roanoke system, and it was afterward discovered that the lease had not been signed?" "The lease was signed. It was made between Robinson for the Seaboard and Roanoke system and Sparks for the Macon Construction Company, and was signed by both parties and the secretaries of both companies. It was based upon the statement that the gros earnings of the Georgia Southern and Florida were $800,000 a year, and that the road was in good condition. A proviso was included in the lease at the instance of the directors of the Seaboard and Roanoke that President Robinson should inspect the Georgia Southern and Florida, and if he found its conditions and earnings as represented the lease would be ratified. On this ground Robinson backed out of the lease." PRESIDENT SPARKS' MISTAKE. "It is said that Robinson made up his mind not to take the road before he ever saw it, isn't it?" "Yes, the people in Macon have that impression. President Robinson backed: out of the lease on the ground of a mistake made by President Sparks in his statement of the earnings of the road for January, Mr. Sparks telegraphed to Macon for a statement of the earnings of the Georgia Sou hern and Florida for January, and Mr. Lane, thinking he meant for the whole system, included the earnings of the Macon and Birmi gham road in the statement. Robinson's backing out from the lease is responsible for the whole trouble." "What will be the end of it?" "I think the Macon Construction Company will straighten out its affairs eventually and every thing will be adjusted." An article in the Baltimore Sun confirms Mr. Young's statement of the matter. It says the lease was to be accepted only on condition that the affairs of the road and of the construction company should be found satisfactory after an exa nination by the Seab ard Company. The Sun says: "Mr. Robinson and his party went south to make this investigation. It was not satisfactory, as the following dispatch, received by Mr. Hoffman, from one of Mr. Robinson's party, vice president of the Seaboard company, shows: Contract off; things not as represented." The Macon people feel very kindly toward Savannah just now. When the shake-up in financial circles occurred there, caused by the application for a receiver for the Macon Construction Company, and which caused a run upon the Capitol Ba: k of Macon, causing its suspension, the Exchange Bank of Macon called.on. the Southern, of No.
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South and West. THE Alaska shaft, with the Back Ridge and Bear Valley, collieries, of Shamokin, Penn., and the Mount Carmel coal mine have suspended operations indefinitely owing to the depressed condition of the coal trade. Over a thousand miners and laborers have been thrown out of employment. THE Legislature of Idaho has appropriated $20,000 for Idaho's exhibit at the World's Fair. HENRY CUMMING LAMAR and Miss Louise King Connolly, while out rowing on the canal at Augusta, Ga., veradrownel. The boat was sucked through the flood gate at Shamrock Mills, two miles above the city. MRS. O.C. HANSON, of Pelican Rapids, Minn., hanged herself and her one-year-old She a on on door baby. just above fastened the She string hinge, then drova the which edge nail of she the on hangel the baby. a the top of the door casing and attached a stout string to which she hanged herself. No cause for the suicide is known. THOMAS ECKERT and his three-year-old boy were burned to death in their house at Elisworth, Wis. SECRETARY OF WAR PROCTOR, accompanied by Attorney-General Miller, Quartermaster-General Batchelder, Major Hill and Lieutenant Woodberry, of the War Department, visited the Chicken mauga battle field in Tennessee. F.A. GALE, a prominent banker and politician of Yankton, South Dakota, committed suicide by shooting in Sioux City, Iowa. He left a letter saying that he had lost all his money on the Chicago Board of Trade. THE Supreme Court of Ohio rendered a decision it the case of the Board of City Affairs of Cincinnati declaring that the law under which that body was brought into existence was nconstitutional. THE boiler of a saw mill near Diedrich, III.,exploded, killing Barney Beekmen, Willinm Weipenbach and Gerhardt Eiter, young men employed in the mill. SEVERAL crevasses were made by the floods in the Mississippi levees. THE Capital Bank of Macon, Ga., closed its door on account of large advances to the North Macon Construction Company, which went into the hands of a receiver. The bank had a paid up capital of $133,300. IT is thought that one of the Mississippi crevasses was the work of discharge: laborers who used dynamite. SETTLERS in Douglas an1 Lincoln Counties, Washington, are greatly alarmed at the work of organized bands of cattle and horse thieves. No less than 12,000 head of cattle have been stolen besides several hundred head of horses. A FIRE broke out at the Central Insane Asylum, seven miles from Nashville, Tenn. It started in the rear of the male wing, which has been destroyed. There were twentyeight patients in the wing and six of them were burned to death. THE jury in the Chief of Police Hennessy murder case at New Orleans, La., has randered the fo lowing verdict: Scoffed Politz and Monasterio are adjudged guilty. The jury failed to agree as to Bagnetto and the two Marchesis. Incardona and Matranga were acquitted. The verdict was hissed by the spectators. THE telegraph operators employe.l by the Union Pacific Company have been notified that they must either quit their order or its service. THE two Houses of the Kansas Legislatura finally got together on the various appropriation bills and adjourned sine die.
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Macon's Bank Crash. MACON, GA., March 28.-W. Miller Gor, don has been appointed permanent receiver of the Capital Bank. The order was issued by Judge Miller to-day. The new receiver gets a salary of $1,500 per annum. He has been ordered to hold the construction com. pany's stock for twelve months. Next week the depositors will be paid 40 per cent