Capital National Bank (Lincoln, NE)

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A Nebraska Bank Closed

OMAHA, NEB., January 22 -The - capital National Bank of Lincoln was closed by the National Bank examiner to-day. Deposits $625,000; the State Treasthe in was urer caught crash in the sum of $250,000. What has caused the wreck is not known. A meeting of the other banks was held this evening to provide against a possible run on the banks to-morrow. A representative of the Omaha Bank came down sn a special engine bringing offers of assistance and the bankers feel equal to any contingency.

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STOLE STATE FUNDS

Enormous Defalcation From a Lincoln Bank. The Sum Said to Amount to a Couple of Hundred Thousand-The Doors Closed. Special to THE MORNING CALD OMAHA, Neb., Jan. 22.-A Bee special com Lincoln says: The startling an. nouncement of the failure of the Capitol National Bank was made shortly after 11 o'clock to-night and with it came the statement that the State Treasurer had been caught in the crash to the extent of $250.000. It is stated that the failure is a bad one, but the exact condition of the bank cannot be ascertained to-night. The deposits amount to $625,000, and of this amount between $175,000 and $250,000 are State funds, for which the bond of the Treasurer will be responsible. The capital stock of the bank, amounting to $350,000, is all paid up. Cashier Outcalt stated that the assets would protect depositors, but there is a doubt expressed as to the correctness of the statement. State Treasurer Bartley is out of the city and no expression of the exact amount of the State funds on deposit can be obtained to-night. It is stated that Bartley's bond is for $3,100,000, $600,000 more than the law requires, and the bondsmen include nearly all the banks in Lincoln, two at Fremont, one at Columbus and the Globe Loan and Trust Company of Omaha, The present institution was built on the ruins of the Marsh Harvester Bank and the affairs of the bank have been in a bad shape for some time, What the immediate cause of the failure was is not known. A meating of other bankers was held this evening to provide against a run to-morrow, and, as a representative of the Omaha banks was present to offer assistance, the local bankers felt equal to any emergency. CHICAGO, Jan. 22.-A Lincoln special to a Tocal paper says: Bank Examiner Griffth demanded the books of the bank this morning. He soon discovered that something was wrong. A large sum is missing and the bank officials could not account for it. All they could say was that it had been stolen. The sum is said to reach $200,000.

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A FINANCIAL CRASH

Failure of a Bank at Ltacoln, Neb -The State Treasury Involved. OMAHA, Neb. Jan 22.-A Bee speed from Lincoin says: the startling au nouncement of the failure of the Capital national bank was made shortly after 11 'clock tonigat, and with it came the statement that the state treasury is thought to be in the crash. The amount is supposed to be $250 000 It is stated the failure is a bad one, but the exac condition cannot be ascertained tonight. The deposits amount to $625 $ 000, and of bis amount between $175 000 and $250.000 is state funds, for which the bond of the treasurer will be responsible. The capital stock is $350,000. all paid up Cashier Outcalt stated that the asset would protect the depositora, but there 18 doubt expressed as to the correctneer of the statement. State Treasurer Bartley is out of the city and no expression of the exact amount of state funds on deposit can be obtained tonight It is stated Bartley's bond is for $3,100, 000, $600,000 more than the law re quired, and that his bondsmen include nearly all the banks in Lincoln, two at Fremont, one at Columbus, and the Globe Loan and Trust company of Omaha. The present institution was built on the ruins of the Mareh-Harvester bank, and the affairs of the bank have been in bad shape for some time What was the immediate cause of the failure is not known. A meeting of other bankers was held this evening to provide against a run tomorrow, and as a representative of the Omaha banka was present to offer assistance the local bankers feel equal to any emergency. CHICAGO, Jan. 22.-A special to a local paper regarding the Lincoln bank failure says: Bank Examiner Griffith de manded the books of the bank this morning. He soon discovered that something was wrong. A large sum is missing and the bank officials could not account for it. All they could say was that it had been stolen. The sum is said to reach $200,000.

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FAILURE OF A NATIONAL BANK

The Capital at Lincoln, Neb., SuspendedLoss of the State. LINCOLN, Jan. 23.-The startling announcement of the failare of the Capital National bank was made late last night and with it came the announcement that the state treasurer was caught in the crash in the sum of $225,000. This news spread rapidly and caused much excitement. It was stated that the failure is a bad one, but the exact situation could not be ascertained last night. The State Amply Secured. The state is secured by a bond for $700,000. The deposits amount to about $625,000, and of this amount between $175,000 and $250,000 are state funds, for which the bond of the treasurer will be liable. Cashier R. C. Outcalt stated that the assets would protect the depositors, but there is great doubt expressed as to the correctness of this statement.

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that opposed the arrangement Mosher was influential enough with the powers that be at Washington to have the order rescinded. Already in a Tight Place. His opposition to the project was based on the fact that if Lincoln was made a reserve city right away the banks would have been compelled under the law to increase their reserves from 15 per cent to 25 per cent. The Capital National was already pressed for funds to meet the ordinary requirements of business and consequently was in no position to increase its reserve. The directors of the broken bank are C. W. Mosher, C. E. Yates, H. J. Walsh, Henry Guerner and R. O. Phillips. The officers are: C. W. Mosher, president. and J. Walsh, vice president; R. C. Outcalt, cashier. Among the stockholders are the Putnam estate, the Funke estate and the Holmes estate. and the trust money held in Escro by D. L. Thomson. The directors who retired at the last election were A. P. Stewart and D. E. Thomson. To Avoid a Run. A meeting of the bankers of this city was held at the Lincoln this evening to discuss the situation. It was feared that the trouble would precipitate a run on some of the other banks tomorrow morning and one of the first things done was . to make arrangements to prevent it. The Omaha banks were called on and they immediately responded by sending a representative on a special engine to assure the bankers here that every courtesy would be extended and that all needed assistance to meet any run that might take place would be forthcoming. How the State Stands. Secretary of State Allen stated tonight that the special bond given by the Capital National bank was approved by ex-Governor Boyd. Attorney General Hastings and the secretary of state. As to the amount of money that was on deposit with the Capital National bank, State Auditor Moore said the treasurer told him a day or two ago that it was about $250,000, or $75,000 more than there was on the 30th of November, when the report was made at the end of the fiscal year. The situation will undoubtedly result in the appointment of a special committee by the legislature to investigate matters.

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BIG INTEREST

How Deposits Were Drawn to the Capitol National Bank. LINCOLN, Jan. 23.-The Capitol National Bank failure is the sole topic of conversation. Hundreds of people surrounded the bank all morning, but the doors remained tightly closed. The bank numbers thousands of depositors and many of small means. They will lose $500 to $2000 each. Their savings were drawn to the bank by the payment of 6 per cent interest. A committee of the bankers of the city was in consultation all night concerting means to prevent undue excitement and a run en the other institutions. President McFarland of the First National said to-day he believed the bank would pay all depositors in full, but the stockholders would be compelled to put up a large amount. The immediate cause of the failure was the fact that the State Treasurer notified the Capitol National that he should require $100,000 within the week. Treasurer Bartley arrived this morning. He states that inasmuch as the Governor, Secretary of State and Attorney-General approved the bond of Mosher and Cutwelt for $700,000, under the law which went into effect when he took charge of the State funds, he and his bondsmen are released from all liability, which will fall upon the State. The official findings in the matter of the failure will not be ready for several days and possibly a week. The directors held a meeting this morning. but the result of their deliberations was not made public. Moser, the president of the bank, is out of at he will the city, but no one doubts return within a day or two.

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IMPEACHING A GOVERNOR

Nebraska Populists Charge Mr. Crounze with Malfessance and Carelessness. Special to the Indianapolis Journal. LINCOLN, Neb., Jan. 24.-This afternoon the House took official notice of the collapse of the Capital National Bank. Funds to the amount of $238,000 were deposited in the bank by the State Treasurer on approval of the bank bonds by Governor Crounze. When the House was in running order Mr. Barry, of Greely, offered the following resolution: Resolved, That the Attorney-general, the Senate concurring, is hereby ordered to present to the Supreme Court at the next session thereof, or as soon thereafter as possible, and within a period not to exceed five days after the next opening of the Supreme Court, which is to assemble on the 31stinst., articles of im peachment charging said Governor Crounze with willful neglect of duty in not more closely looking into said matter of said bond; with malfeasance in office, incompetency and carelessness in the performance of his official duties. Under the rules the resolution went over one day. The approval of the bank's bond by the Governor is in accordance with the law passed by the Populist Legislature two years ago. The law only says that the Governor. Attorsey-general and Secretary of State shall approve a bank's bond if the bank presents bondsmen who qualify in twice the amount of the deposit. No provision is made to test the truth of the qualitication.

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TO IMPEACH GOV

CROUNSE. Resolution to that Effect Introduced in the Nebraska House. LINCOLN, Neb., Jan. 25.-The House has taken official notice of the collapse of the Capital National bank. In this bank funds to the amount of $238,000 were deposited on approval of the bank bond by Gov. Crounse. When the House was in running order, Barry, of Greeley, offered a resolution providing for the impeachment of Gov. Crounse. The Attorney-General is ordered to present to the Supreme Court at the next session articles of impeachment, charging Gov. Crounse with wilful neglect of duty in not more closely looking into the matter of the bond; malfeasance in office, incompetency, and carelessness in the performance of his official duties. Under the rules, the resolution went over for one day. The approval of the bank's bond by the Governor is in accordance with a law passed by the Populist Legislature two years ago.

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NEWS OF THE DAY.

Alex. Jaynes completed his fifty days' fast at Koster & Bial's, in New York yesterday.

Three young men of Kent county, Md., on Monday rode across the Chesapeake bay and back on horseback.

The Pope had a current account of $300,000 with the Guerrini Banking Company, who closed their doors Monday.

The four deceived wives of bigomist John K. Green, now in jail in Buffale, will join forces to send him to the penitentiary.

The Holmes comet, which decreased steadily in brilliancy during December, has suddenly and mysteriously grown brighter, and is puzzling astronomers

The radicals in Servia charge that the reconciliation of ex-King Milan and ex-Queen Natalie is a political scheme, and that Milan wants to establish a dictatorship.

The upper house of the Alabama Assembly yesterday, by a vote of 17 to 15, refused to pass a bill granting a pension of $500 per year to the widow of Jefferson Davis.

A natural gas explosion yesterday wrecked the National Exchange Bark in the new Doxey Hotel at Anderson, Ind., and caused a panic among the guests, although no one was injured.

Albert Heyder, a German, of Buffalo, N. Y., who had just inherited a fortune, made the acquaintance of a girl in a railroad station in Chicago yesterday. He accompanied her to a dive, and was soon relieved of $5,000.

In the preliminary trial of Charles Wells in London yesterday on the charge of swindling, in a London police court, it was shown that instead of breaking the bank at Monte Carlo, as the story had been told, he had lost £30,000 there.

A resolution was introduced in the Nebraska legislature yesterday to impeach Gov. Crouse on a charge of wilful neglect of duty in not more closely examining the bond of the collapsed Capitol National Bank of Lincoln, in which the State lost $238,000.

Mr. Cleveland and ex-Secretary of State Bayard were in conference in Lakeland, N. J., yesterday and ex-Secretary Whitney's arrival is awaited for a final conclusion of the Cabinet problem. It is believed here that Mr. Harrity is positively booked for the postmaster Generalship, and Mr. E. C. Wall, of Wisconsin, will, it is said, be tendered the Secretaryship of the Interior.

While the majority of the people of Baltimore were hurrying home to their evening meals last night a terrible tragedy was being enacted in the Northern Annex, by which three lives were lost and a happy home filled with gloom and mourning. By the explosion of a gasoline stove at the home of Owen Rice, No. 2024 St. Paul street, his wife and two little children were burned to death and a portion of the house wrecked by the flames.

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NEBRASKA'S BROKEN BANK State Funds Tied Up in the ConcernWill Depositors Be Paid in Full. LINCOLN, Neb., Jan 25 - -The Capital City National Bank of this city is in the hands of the examiner. A large deficit was found to-day and the bank is closed. The deposits amount to $625,000, and of this sum about $200,000 is State funds, for which State Treasurer Bartley is liable on his bond, on which are nearly all the Lincoln banks, two at Frement, one private bank at Omaha and a capitalist or two out in the State. The capital stock of this bank is $350,000, all paid up. Cashier Outcalt asserts that the creditors will be paid in full, but others are not so hopeful. C. W. Mosher, late penitentiary contractor, was the president, J. Walsh, vice-president, and R. C. Outcalt, cashier Mosher was compelled some time ago by the bank examiner to assign the penitentiary contract and turn a lot of gas bonds into money. Omaha banks have assured other Lincoln banks that they will help them out in the event of run. State Treasurer Bartley is in Omaba, but is expected here to-night. The stockholders held a meeting today. It is said they will attempt to reopen within ten days.

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NEBRASKA BANK FAILURE

The State Treasurer said to Be Involved to the Extent of $250,000. At Lincoln, Neb., the startling announcement of the failure of the Capital National Bank was made late Sunday night, and with it came the announce. ment that the State Treasurer was caught in the era-h in the sum of $250, 000, This news spread rapidly and caused much excitement. The failure is a bad one. The dep sits amount to about $625,000, and of this amount between $175.000 and $250,000 are State funds. for which the bond of the Treasurer will be liable. Cashier li. C. Out calt stated that the assets would profeet the depositors, but there is gr at doubt expressed as to the correct. ness of this statement. Bank Examiner Griffith demanded the books of the bank. He began examining them at once and soon discovered that something was wrong. A larg. sum of cash was missing, and the bank officials could not account for it. All they could say was that it had been stolen. The sum is said to reach $200,000. A meeting of the bankers of the city was immediately held to discuss the situation. It was feared that the trouble would precipitate a run on some of the other banks, and one of the first things done was to make arrangements to prevent it. The Omaha banks were called on and they immediately responded by sending a repres ntative on a special engine to assure the b nkers there that every courtesy would be extended and that all needed assistance to meet any run that might take place would be forthcoming.

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Capital Bank Failure

Lincoln. Neb., Jan. 24.-The Capital National bank failure is the sole topic of conversation in Lincoln to-day. Hundreds of people surrounded the bank doors during the day, hoping against hope that they would swing out again. The bank numbers thousands of depositors, many of small means, who will lose from $500 to $2,000; the bank paying 6 per cent interest being the attraction which drew their savings. A committee of bankers of the city was in consultation all night concerting means to prevent any undue excitement and a consequent run on their institutions. President MacFarland, of the First National, stated that he believed the bank would pay all depositors in full, but the stockholders would be compelled to put up large sums of money to do so. The immediate cause of the failure was the fact that the state treasurer had notified the Capital bank that he should require $100,000 within the next week. Treasnuer Bartley has arrived, and states that inasmuch as the governor, secretary of state and attorney general had approved the bond of Mosher and Outcalt for $700,000, under the law which went into effect when he took charge of the state funds. he and his bondsmen were released from all liability, which will fall upon the state. In qualifying on the bond; Mosher swore that he was worth $500,000 and Outcalt $300,000.

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THE CAPITAL NATIONAL FAILURE Many Depositors of small Means Lose Their All. LINCOLN, Neb., Jan. 23.-The Capital National bank failure is the sole topic of conversation in Lincoln today. Hundreds of people surrounded the bank doors all the morning, hoping against hope that they would swing out again. The depositors number thousands, many of small means. who will lose from 8500 to 82,000: the bank paying six per cent interest being the attraction which drew their savings. t committee of bankers of the city was in consultation all night concerting means to prevent undue excitement and it consequent run on their institutions President MacFarland, of the First National, state this afternoon that he believed the bank would pay all of the depositors in full. but the stockholders would be compelled to put up large sums of money to do so. The immediate cause of the failure was the fact that the state treasurer had notified the National Capital that he should require 8100.000 within the next week. Treasurer Hartley arrived this morning and states that inasmuch as the governor. secretary of state and attorney-general had ap. proved the bond of Mosher and Outcalt for 8700,000 under the law which went into effect when he took charge of the state funds, he and his bondsmen were released from all liability which will fall upon the state. in qualifying on the bond Mosher swore that he was worth 8500,000 and Outcalt 8300,000.

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Capital Bank Failure

Lincoln. Neb.. Jan. -The Capital National bank failure is the sole topic of conversation in Lincoln to-day. Hundreds of people surrounded the bank doors during the day, hoping against hope that they would swing out again. The bank numbers thousands of depositors, many of small means, who will lose from $500 to $2.000; the bank paying 6 per cent interest being the attraction which drew their savings. A committee of bankers of the city was in consultation all night concerting means to prevent any undue excitement and a consequent run on their institutions. President MacFarland, of the First National, stated that he believed the bank would pay all depositors in full, but the stockholders would be compelled to put up large sums of money to do so. The immediate cause of the failure was the fact that the state treasurer had notified the Capital bank that he should require $100,000 within the next week. Treasnuer Bartley has arrived, and states that inasmuch as the governor, secretary of state and attorney general had approved the bond of Mosher and Outcalt for $700,000. under the law which went into effect when he took charge of the state funds. he and his bondsmen were released from all liability. which will fall upon the state. In qualifying on the bond, Mosher swore that he was worth $500,000 and Outcalt $300,000.

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Appointed Receivers

WASHINGTON, Feb. 6.-Comptroller Hepbura today appointed Logan H. Root receiver of the First National bank of Little Rock and J. D. McFar. land of the Capital National bank of Lincoln.

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Bank Receivers Appointed

WASHINGTON, Feb. 6.-Comptroller Hepburn today appointed Logan H. Root receiver of the First National Bank of Little Rock, and J. D. McFarland receiver of the Capital National Bank of Lincoln, Neb.

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BANK RECEIVER Washington, Feb. 6.-Comptroller Hepburn today appointed Logan H. Roots receiver of the First National bank of Little Rock and J. D. McFarland recriver of the Capital National bank of Lincoln. Neb.

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BAD BANK FAILURE The Capital National of Lincoln, Neb, Goes Under. The Capital National Bank of Lincoln, Neb., has failed, and the State Treasurer is caught for about $251,000. It is stated that the failure is a bad one. The deposits amount to about $523,000. and of this amount between $173,000 and $250,000 are State funds, for which the bond of the Treasurer will be liable. The capital stock of $350,000 is all paid up. Cas hier D. C. Cutcalt stated that the assets wo uld pro tect the depositors, but there is gre at doubt expressed as to the correctness of t his state ment. A meeting of bankers was h eld at the Lincoln to discuss the situation. It was feared that the trouble would precipitate a run on some of the other banks, and one of the first things done was to make, arrange ments to prevent it. The o naha banks were called on and ithey immediately responded by send ing a representative on a special engine to assure the bankers here that every courtesy would be extended and that all needed assistance to meet any run that might take place would be forthcoming.

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FAILURES

LOUISIANA, Mo., Feb. 23.-John W. Fritz failed today. His liabilities are $35,000 and his assets $32,000. He gave a deed of trust on all his property to Taylor Frier, trustee, for the benefit of his creditors. Too much wheat speculation is the cause. ATLANTA. Ga., Feb. 23. - Bank Examiner Williams assumed charge of the Gate City National bank today. The latest developments put the amount of the defalcation of Assistant Cashier Redwine at $70,000. President Hall says that the depositors will be paid in full. The bank owes depositors $800,000. LINCOLN, Neb., Feb. - -The state banking board has taken charge of the Farmers and Merchants bank at Elk Creek, whose affairs are in a bad shape. The true condition of the concern cannot be learned now. The deposits are not large. Cashier Holmes is under arrest. ST. PAUL, Minw., Feb. 23.-An assignment deed of the Baupre Mercantile company to Theodore Borup was filed in the district court this afternoon. The firm, which is old and prominent, at last succumbed to adverse circumstances which have been gathering around it for a long time. The members will make no state. ment, but from outside sources it is learned that the failure is a general one; that there are nopreferences, and that no releases from creditors would be req uested. The assets foot up about $200,000, while the liabilities approximate $400,000. LINCOLN, Neb., Feb. 23.-Another lot of forged paper, aggregating $200,000, has been brought to light in the Capital National bank case. One batch of the notes, now in the hands of attorneys for collection for eastern banks, amounting to $175,000, is signed by an employer of Mosher's, named Hurlbuti and indorsed by Mosher as president of the bank. They were floated by Mosher and the money sequestered by him. Mosher admits that he got the cash, but refuses to say where any of it went. It is now stated by conservative men who are intimate with the affairs of the institution that the bank's liabilities exceed $1,200,000, with the assets practically nothing. It is not expected that the bank will pay 10 cents on the dollar. The Lincoln business men who have had faith in the statement that a full settlement would be made, are greatly excited tonight. It has also come out that the amount of county and city funds on deposit is- greatly in excess of what was at first given out. NEW YORK, Feb. 23.-It is rumored that a receiver will be appointed tomorrow for the United States and Brazil Steamship company, of which C. P. Huntington is one of the directors.

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TELEGRAPHIC BREVITIES

A run was made on the Plankinton, Wis., bank to-day, but money was sent by a special train from Chicago which reassured the deposits. One thousand women of Owensboro, Ky., have banded together and pledg. ed themselves to wage a continuous crusade against the liquor dealers and manufacturers of that city. A watchman named Humbach has confessed that he set fire to the new Methodist church in Scranton, Pa., recently erected at a cost of over $172.000, and which was destroyed by fire Two men suppposed to be those who robbed the Mobile and Ohio express car ou the night of the 11th, were arrested at Barkley, Ky., and taken to Laketon last night. The grand jury at Chattanooga, Tenn., yesterday returned twenty-five indictments against citizens alleged to have been concerned in the lynching of Alfred Blount, a negro, who outraged an aged white woman. There is a prospect of a duel between Colonel Louis J. Brumby, aged 21, editor of the Free Press, and Colonel Thomas Harris, aged 45, editor of the New Capital, of Ocala, Fla., a challenge having been sent and accepted. C. W. Mosher, who as president of the Capital National Bank, of Lincoln, Neb., wrecked that institution some months since, causing a loss of more than $1,000,000, made his escape from the custody of the U.S marshal last night. Mary Sexton, an unmarried woman, 19 years of age, was shot and killed early this morning in her apartments on Chrystie street, New York, and it is supposed that William Flannelly, a waiter in a Bowery music hall, did the shooting, though he asserts that the woman shot herself. For a long time a feud has existed between members of rival mining camps in the Sierra Madre mountains, sixty miles east of Mazatlan, Mex. A few night ago, an employe from each camp met on the narrow mountain road. One threw the other over a precipice and he was dashed to pieces on the rocks below. The fatal encounter led to a general conflict between the two camps Thursday, in which ten men were killed and a number badly wounded. Deputy.Sheriff C. B. Schutts, of Grand county, N. M., was murdered by three Mexican prisoners whom he was conveying to jail at Silver City yesterday. B. B. Bowenby, another deputy, was hit but escaped unhurt. The prisoners escaped across the line into old Mexico.

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Comptroller Eckles has appointed W

H. Horine, sr., of Waterloo, III., national bank examiner, and K. K. Hayden, of Lincoln, Neb., receiver for the Capital Natianal bank, of Lincoln, vice J. K. McFarland, resigned.

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Bank Examiner Appointed

WASHINGTON, May 20.-Comptroller Eckels has appointed W. H. Horine, sr., of Waterloo, III., national bank examiner and K. K. Hayden of Lincoln, Neb., receiver of the Capital National bank of Lincoln, vice J. K. McFarland resigned

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Chas W

Mosher, the wrecker of the Capital National Bank, of Lincoln, Neb., has been sentenced to five years imprisonment in the federal penitentiary at Sioux Falls, this state. Mosher pleaded guilty to the charge of falsifying the records of the bank for the purpose of deceiving the examiner. He will not be taken to Sioux Fallsimmediately, but will go to Lincoln in the custody of officers and will assist the receiver in straightening out the sadly complicated affairs of the bank.