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national
61a80d3fcc94154cAccommodated withdrawals, Partial suspension
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Another Bank Fails. By Southern Associated Press. OMAHA, Neb., June 13.-The American National Bank is in the hands of the Comptroller. J. L. McCague is President and it is supposed that the American Nationals connected with the McCague Savings Bank which failed yesterday caused its downfall. There are heavy runs on all Savings Banks here this morning.
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FAILURES TODAY. One of the Largest Wire Nall Compaules in the Country. CLEVELAND, June 14.-Bancke's Wire Nail company, one of the largest concerns of the kind in the country, has assigned. Inability to raise money to meet maturing paper was the sole cause of the failure. The liabilities are only $225,000, while the assets reach $900,000. The company is one of the largest manufacturers of wire natis in the United States and is backed by capitalinto of Cleveland worth millions of dollars. Baackes, vice president and founder of the concern, 18 one of the pioneers of the wire nail business of the country. President Lockwood of the concern said: "We simply got under cover to keep the creditors from slaughtering us with attachments. We can pay three dollars for every one we owe. The assignment is not because of insolvency. On ordinary occasions we would have paid with 2 per cent off but the tightness of the money market caught us. The principal creditor is Natler & Company, New York and Philadelphia,from whom we have bought millions of dollars' worth of steel and always paid them. They refused to grant us an extension and insisted on the individual security of the stockholders." WAS CONSIDERED SOUND. PAINESVILLE, Ohio, June 14.-The which began on the bank of Aaron Wilcox & Co., yesterday, culminated in the doors being closed this morning. Notice was I osted stating that thebank had suspended temporarily but that all the depositors would be paid up in full. The general impression is that the bank will be able to resume. The personal estate of the stockholders is liable for the indebtedness, in all amounting to several hundred thousand dollars. It was considered a sound institution. COMMISSION MERCHANT FAILS. TORONTO, June 14.-J. F. McLaughlin, an extensive commission merchant, has assigned. The assets exceed the liabilities. THE RUN ON THE OMAHA BANKS OMAHA, June 14.-The runs on the Omaba savings banks subsided this morning almost as quickly as they be. gan yesterday. A few depositors appeared early, but as soon as it became apparent that the rush was over, the anxious ones left without taking their money. There are no new developments regarding the suspended banks. CLOSED UNDER INSTRUCTIONS. RIVERSIDE, Cal., June 14.-The doors of the Riverside banking company failed to open this morning. The following sign was displayed on the door: "This bank is closed under instructions. Depositors will be paid." BAD MANAGEMENT. KANSAS CITY, June 14.-The Star's Topeka, Kansas, special: State Bank Commissioner Breidenthal, who made enexamination of the affairs of the bank of Burr Oak which falled last Saturday, declares that Manager Hurl. burt conducted the affairs of the bank in such a manner as to send him to the penitentiary. Hurlburt disap. peared after the failure and cannot be found. The bank's deposits amount to $45,000, and the assets are worthless. ONE MORE. INDIANAPOLIS, Ind., June 14.-The Citizens' bank of Fairmound, Ind., has suspended operations owing to stringency in the money market. The capital 8 ock is $50,000; liabilities, $130,000 to $150,000.
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MORE SAVINGS BANKS RUNS. Detroit Officials Put on the BrakesTrouble at Omaha. CHICAGO, June 14.- The savings bank run seems epidemic. At Detroit a run was threatened and the officers of all the banks met and agreed to require the time limit of all depositors. The run was started, but every depositor was required to give the legal notice, and confidence was partly restored. At Omaha there was a run on every savings bank in the city caused by the failure of the McCague bank and American National. McCague says he will pay every depositor. All the banks met the run with cash, and the run was greatly abated by night. The Nashville Savings company has made an assignment with liabilities of $282,000 and assets of $125,000. The Irving Savings institution at New York is short $70,000, due to the rascality of its president, secretary, and paying teller.
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Claims of $80,000. MOUNT VERNON, Ohio, June 14. -The Chicago Brownstone Company, engaged in extensive quarrying in Knox county, was placed in the hands of a receiver today. The claims against the concern amount to $80,000. A Run in New York. NEW YORK, June 14.-Up to 3 o'clock this afternoon, $50,000 was withdrawn by depositors from the Irving Savings Institute. The officials declare there is no cause for alarm, as the surplus exceeds the deficiency over $600,000. Couldn't Find Aid, TOLEDO, O., June 14.-The Exchange Banking Company of Weston, capitalized at $50,000, closed its doors today. The bank had a heavy run, and was unable to obtain assistance. Citizens' Bank Suspends. INDIANAPOLIS, Ind., June 14.-The Citizens' Bank of Fairmount, Ind., has suspended operations owing to the strihgency in the money market. The capital stock is $50,000. Trouble Over at Omaha. OMAHA, Neb., June 14.-Runs on the Omaha savings banks subsided this morning, almost as quickly as they began yesterday. There were a few depositors at the Ohama Savings bank demanding their money but it became apparent that the rush was over and the anxious ones left without*taking their cash. Hard Up But Solvent, NEW YORK, June 14.-It is stated the Chicago dry goods house of James H. Walker & Co., has been forced by the stringency in the money market to secure an extension from its creditors on bills aggregating $600,000. The concern is declared perfectly solvent.
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# A SILLY SCARE ENDED. OMAHA, June 14.--The runs on the Omaha savings banks subsided this morning almost as quickly as they began yesterday. A few depositors appeared early, but as soon as it became apparent the rush was over the anxious ones left without taking their money.
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Bank Run Over OMAHA, June 14-The runs on the Omaha savings banks subsided this morning almost as quickly as they began yesterday. A few depositors appeared early, but as soon as it became apparent that the rush was over the anxious ones left without taking their money. There are no new developments regarding the suspended bank.
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sand dollars. It was considered a sound institution. INDIANAPOLIS, June 14.-The Citizens' Bank of Fairmount, Ind., has suspended operations owing to the stringency in the money market. The capital stock is $50,000, assets $191,000, liabilities $130,000 to $150,000. HUDSON, Wis., June 14.-A statement of the committee on the affairs of the Hudson Savings Bank will show the asssets, according to the bank statement, are $736,127; the assets, according to the committee's appraisement, are $596,276 and liabilities $844,493. With careful handling by the assignee the loss will be comparatively small. CLEVELAND, Ohio. June 14. - The Baackes Wire Nail Company, one of the largest concerns of the kind in the country. has assigned. The inability to raise money to meet maturing paper is the sole cause of failure. The liabilities are only $225,000, while the assets will reach $900,000. The company is one of the largest manufacturers of wire nails in the United States and is backed by capitalists of Cleveland worth millions of dollars. Baackes, the vice-president and founder of the concern, is one of the pioneers of the wire-nail business in the country. President Lock wood of the concern said: "We simply got under cover to keep our creditors from slaughtering us with attachments. We can pay $3 for every $1 we owe. The assignment is not because of insolvency. On ordinary occasions we would have paid with 2 per cent off, but the tightness of the money market caught us. The principal creditor is Nailor & Co. of New York and Philadelphia, from whom we have bought millions of dollars, worth of steel and always paid them up. They refused to grant us an extension and insisted on the individual security of the stockholders." The Baackes Company has a capital of $543,000. OMAHA, June 14. - The runs on the Omaba savings banks subsided this morning almost as quickly as they began yesterday. A few depositors appeared early, but as soon as it became apparent the rush was over the anxious ones left without drawing their monew. There are no new developments regarding the suspended banks. TOLEDO, Ohio, June 14.-The Exchange Banking Company of Weston County, a concern capitalized at $50,000, closed its doors this morning. TORONTO, June 14.-J. F. McLaughlin, an extensive commission merchant, has assigned. The assets exceed the liabilities.
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ABBREVIATED TELEGRAMS. The runs on the Omaha Savings banks have ceased. The Cunarder Servia ran down the ship A. MacCallum, sinking her, but saving twenty-four of the twenty-six on board. Evans, the companion of the desperado Sontag, has also been caught. He was wounded in the fight. Mrs. Philiph Kerd, wife of a well-to-do farmer near Pleasant Hill, W. Va., went insane and murdered her four children, two by poison and two by throwing them into a well, completing the tragedy by killing herself. The Lake county (O.) bank of Aaron: Wilcox & Co. has suspended temporarily. The present United States flag was adopted as the national ensign June 14, 1772, so Wednesday was the 116th anniversary of the event. Sontag, the California bandit, is, by his true name, John Contant, 32 years old, and was born in Mankato, Minn., where his stepfather keeps the Sontag hotel. Dr. James McCann, one of Pittsburg's prominent physicians, died from blood poisoning contracted while performing an operation. Every business house in Alba, Mich. except the Exchange hotel and town hail, was burned. The Iron Company bank, of Crystal Falls, Mich., has resumed business. The British house of commons has finally passed the third clause of section 1 of the home rule bill, which has been under debate since May 30. These officers have been elected by the Illinois convention of the Patriotic Order Sons of America: G. B. Smith, of Chicago, president: J. E. Aldrich, of Pullman, vice president; W. A. Saunders, of Chicago, secretary. Obituary: At St. Paul, Mrs. Caroline Warren Merritt, wife of General Wesley Merritt. At Cleveland, Mrs. Martha Haworth, mother of Joseph Haworth, the actor, aged 72. At Havana, Senor Carlos Navarreto, the Cuban poet. Large swarms of locusts have put in an appearance in Pettis county, Mo. Plumbers in session at Milwaukee are speaking our against the "plumber" joke which is such a staple article in the newspaper humorous column. Postmaster Woolley, of Long Branch City, N.J., has disappeared. He is short over $2,000 and his wife offers to make it good.
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FINANCIAL CRIPPLES. An Indiana Bank Suspends-Run on a Gotham Bank. INDI ANAPOLIS. June 14.-The Citi zens' bank, of Fairmount, Ind., has suspended operations owing to stringency in money markets. Capital stock, $50.000: assets, $101,000; liabilities, from $130.000 to $150,000. NEW YORK. June 14.-A run was started on the Irvings Savings Institution this morning as soon as the doors of the place at No. 96 Warren street were opened. Treasurer M. B. Latimer said the bank had on hand a million dollars and could get that much more if necessary, at a moment's notice. This is the bank in which Superintendent of Banks Preston, of the state of New York, discovered a deficiency of $70,800. Up to 2 o'clock $50.000 had been withdrawn by deposits from the institution. The paying teller was paying the depositors slowly. At 2 o'clock there were about a hundred depositors in line. The officials declare there is no cause for alarm, as the surplus exceeds the deficiency by over $600,000. PAINE. = LLE. O., June 14. - This morning the Lake county bank of Aaron, Wilcox & Co. posted a notice on its doors as follows: This bank has suspended temporarily, being unable to meet the run on it at present, owing to the stringency in the money market. All depositors will be paid in full." The personal estate of the stockholders is liable for the indebtedness, in all amounting to several hundred thousand dollars. The bank is believed to be solvent. It was organized twenty years ago, and has always been considered a sound institution. TOPEKA, Kan., June14.-State Bank Commissioner Briedenthal, who has recently made an examination into the affairs of the Bank of Burr Oak. which failed last Saturday, declares the man ager, Hurlbert, of the bank conducted its affairs in such a manner as to send him to the penitentiary. Hurlbert disappeared the day after the failure, leaving a wife and two children bebind, and cannot be found. Commissioner Breidenthal says Hurlbert has made false statements to the bank commissioner. The bank's deposits amount to $45,000. and, although the assets on their face show a value of $54,000, they are nearly worthless. and will net the depositors nearly 20 cents on the dollar. OMAHA, Neb., Jane 14.-The runs on the Omaha savings banks subsided this morning almost as quickly as they started yesterday. Early there were a few depositors at the Omaha Savings demanding their money, but as soon as it became apparent that the rush was over the anxious ones left without taking their cash. RIVERSIDE, Cal., June 14,-The doors of the Riverside Banking company failed to open at the usual hour today. The following sign was displayed on the door: "This bank is closed under instructions. Depositors will be paid." MOUNT VERNON, O., June 14. -The Chicago Brown Stone company. engaged in extensive quarrying in Knox county, has been placed in the hands of a receiver. Claims against the concern amount to $30,000. CLEVELAND, June 14.-The Baackes Wire Nail company has made an assignment. The inability to raise money to meet maturing paper was the sole cause of the failure. Liabilities of the company are only $225,000, and the assets reach $900,000. WESTON, June 14. - The Exchaneg Banking company. of this place, closed its doors this morning. The bank has had a run and was unable to get help, and the airectors decided it to the best interests to close. The directors have notified depositers that they will probably receive dollar for dollar.
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TELEGRAPHIC BREVITIES. The cruiser New York was put in commission yesterday. The Seven Corners, Minnesota State bank, with a capital of $100,000, has failed. William Hunt has been appointed postmaster at Clearmont, Wyo., vice Stone, resigned. The Wyandotte County bank at Upper Sandusky, 0., has suspended. Assets, $100,000; liabilities, $75,000. A receiver has been appointed for the Philadelphia Packing and Provision company. No statement, but the failure is a large one. A receiver has been appointed for the Demme & Dierkes Furniture company of Chicago, with assets of $400,000 and liabilities of $120,000. The officers and directors of all the savings banks at Cleveland, 0., have decided to require of depositors notice before withdrawal of funds. At a meeting of the presidents of the Omaha savings banks this morning, they resolved to require sixty days' notice for the withdrawal of deposits. An order has been issued at the war department detaching Captain Carpenter and troops under his command from further duty at Puyallup Indian reservation. Patents were issued yesterday to John M. Browning, of Ogden, for a breechloading gun; to Lyman E. Baldwin, of Lander, Wyo., for a stovepipe attachment. The Safe Depositor & Trust company of Denver assigned last evening. Assets $400,000, liabilities $100,000. Eastern creditors caused the assignment by pushing the concern. At Utica, o., Monday night, John Cattle, two men named Bell, two others named Bowers and Skillen, were killed and Joseph Ship fatally injured by the explosion of a threshing machine.
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Gahm farewell concert Monday. Boyd's. # REAL ESTATE TRANSFERS. H. J. Grove and wife to Loren At- kinson, lots 7 and 8, block 22, Hal- cyon Heights 900 Edward D. Jones and wife to S. D. Shinn, lots 9 and 10, block 6, Hal- cyon Heights 500 Gertrude K. Stewart and husband to Laura M. Summers, lot 10, Kountze's subdivision 7,500 Same to same, part lot 11, Kountze's subdivision 2,125 John M. Wiliams and wife to Charles W. Saunders, n50 acres of sw¼, 3-14-10 750 O. C. Wilson, receiver, to Commercial National bank, lots 23, 28, 29 and 80, block 1, Avondale Park. 700 George J. Casper and wife to Anna Corrigan, lot 2, block 7, Logan Place 1 Johanna Bronder to Thomas Bron- der, half interest in lot 10, block 1, Jetter's addition 1 Ellen D. Scott and husband to John F. Peterson et al., part of lot 6, block T, Lowe's addition. 550 Mary L. Jansen to Harry A. Tukey, lots 6 and 8, block 28, Halcyon Heights 100 Julius C. Sharp to John Krajcek and Marie K. Krajcek, lot 22, block 1, Melius' First addition. 110 Maude Kane and husband et al. to Willis S. Pool, ½ of lot 1, block 2, Drexel's subdivision 533 Mary Garvey et al. to same, ½ in- terest same 800 Mildred Tighe and husband to same, % interest same. 166 Alice B. Shadduck to Joseph C. Shad- duck, lots 25 and 26, block 1, Bemis Park 1 Joseph C. Shadduck to Amanda M. Traynor, same. 5,000 City Savings bank to David E. Lar- son, lot 10, Twentieth and Ames subdivision 260 William Gastin to E. R. Vahlcamp, lot 6, block 10, Myers, Richards & Tilden's addition 435 Sarah J. Donecken and husband to Theodore Farnsley, part lots 13, 12 and 11, block 3, Smithfield. 3,200 Fred Siman to F. S. Zangg, lot 12, block 13, Deer Park. 2,900 Jennie G. Meyer to Martin Meyer, lot 37, block 6, Jerome Park. 1 George T. Morton and wife to Michael Thell and wife, n½ of lot 10, Spring Valley 375 R. C. Cushing and wife to Edward A. Cudahy, part of lot 5, block 201½, Omaha 1 Thomas J. O'Neil et al. to Harriet Bennett, lots 1 and 2, block 2, Cot- ner & Archer's addition. 200 F. S. Parmelee and wife to Herman Cohn, lots 4 and 5, block 76, Omaha 120,000 Edward T. Hayden and wife to John R. Campbell, lot 16, block 7, Bemis Park 2,200 Charles E. Ogle and wife to E. K. Smith, lots 2 and 3, block 4, C. E. Mayne's First addition 415 E. S. Flor to Charles Ogle, lots 2 and 8, block 4, same. 1 Passumpsi Savings bank to Helen O'Brien, lot 19, block 124 Dundee Place 100 George Vradenburg to Peter Sam- land, lot 17, block 2, Sherman Ave- nue Park 850 Jacob Hahn and wife to Anna Niel- sen, lot 4, Morse & Brunner's addi- tion 1,470 Christina S. Swobe et al. to Charles Marsh, lot 3, block 3, Hanscom Place 1 Stephen D. Bangs and wife to William H. and Magdalena M. Lite, lot 6. block & Summit addition. 800
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COMMERCIAL NATIONAL GOES INTO NEW OFFICE Bank Will Move Into New Building and Be Ready for Business Monday. The Commercial National bank will move into its new quarters in the Sapp block today. The work of moving was begun yesterday. The big chrome steel safe was run into the vault and part of the bank fixtures brought into the building, while workmen swarmed around completing the finishing of the interior. The new steel vault doors were hung during the day and the time locks tested and adjusted. By night the removal will be complete. The bank will continue to do business in the old building until noon and will then close for the Saturday half holiday. Everything will be fully installed by Monday morning and business will be resumed in one of the handsomest banking buildings in the state.