Lincoln Savings Bank (Fayetteville, TN)

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A TENNESSEE BANK CLOSES

Inability to Collect Alleged as the Cause of the Suspension. NASHVILLE, Sept. 8. - The Lincoln Savings Bank at Fayetteville, in this State, closed its doors this morning. A placard OR the door, signed by President James, ains that the stringency of the exp. market, and the inability money to collect, 10. erced the suspension. The will be paid in full, depositors, it is sa. rhaps get 50 per and stockholders will p vaiously mancent. if the assets are jua. aged. The deposits are about $100,000 and the assets $200,000. It is report that a meeting of the stockholders will take place next Saturday, when more will be known. In the excitement which prevails it is impossible to get exact figures. The bank has a good share of its money invested in real estate, on which cash cannot be readily raised. The paid in capital ot the bank was $100,000.

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Another Bank Suspension

NASHVILLE, TENN., Sept. 8.-The Lincoln Savings bank, of Fayetteville, Tennessee, closed its doors this morning. A placard on the door, signed by President James, explains that the stringency of the money market and inability to collect forced the suspension. The depositors, it is said, will be paid in rull and the stockholders will perhaps get 50 per cent. Deposits are about $100,000 and the assets $200,000. It is reported that a meeting of the stockholders is called for Saturday, when more will be known. In the exeitement that prevails it is impossible to get the exact figures. The bank has a considerable part of its money invested in real estate, on which cash cannot readily be raised.

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A Tennessee Bank Failure

NASHVILLE, Sept. 8.-The Lincoln Savings Bank at Fayetteville, Tenn., closed its doors this morning. A placard on the door signed by President Ja mes ex plains that the stringency of the money market and inability to collect forced the suspension. Depositors, it is said, will be paid in full, and stockholders will, perhaps get 50 per cent. or more, if the assets are judisionsly managed. The deposits are about $100,000 and assets $200,000. It is reported that a meeting of stockholders has been called for next Saturday, when more will be known. In the excitement that prevails it is impossible to get the exact figures. The bank has a considerable part of its money invested in real estate on which cash cannot readily be raised.

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Savings Bank Doors Closed

NASHVILLE, Tenn., Sept. 3.-The Lincoln savings bank, of Fayetteville, closed its doors this morning. A placard on the door, signed by President James, explains that the stringency of the money market and inability to collect forced the suspension. The depositThe ors, it is said, will be paid in full. stockholders will perhaps get 50 per cent. or more if the assets are judicially managed. The deposits are about $100,000 and the assets $200,000. It is reported that a meeting of the stockholders has been called for next Saturday, when more will be known. In the excitement that prevails it is impossible to get at the exact figures. The bank has considerable of its money invested in real estate on which cash cannot be readily raised.

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A FAILURE IN TENNESSEE

The Lincoln Savings Bank, of Fayetteville, Closes Its Doors. NASHVILLE, Sept. 8.-The Lincoln Savings Bank, of Fayetteville, Tenn., closed its door this morning. The placard on the door, signed by President James, explains that the stringency of the money market and inability to collect, forced a suspension. The depositors, it is said, will be paid in full, and the stockholders will perhaps get 50 per cent. or more, if the assets are judiciously managed. The deposits are about $100,000 and the assets $200,000. It is reported that a meeting of stockholders has been called for next Saturday, when more will be known. In the excitement that prevails it is impossible to get exact figures. The bank has a considerable part of its money invested in real estate on which funds cannot readily be raised.

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Another Bank Suspended

NASHVILLE, TENN., September 8.The doors of the Lincoln Savings Bank at Fayetteville were closed this morning. The assets are $200,000 and the deposits $100,000.

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DAY DISPATCHES Another Bank Suspension

NASHVILLE, Sept. 8.-The Lincoln savings bank at Fayetteville, Tenn., closed its doors this morning and a placard on the door, signed by President James, explains that the stringency of the money market and inability to collect have forced a suspension. The depositors, it is said, will be paid in full, and the stockholders will perhaps get 50 per cent. or more, if the assets are judiciously managed. The deposits are about $100,000 and assets $200,000. It is reported that a meeting of the stockholders has been called for next Saturday, when more will be made known to parties interested. In the excitement that prevails it IS impossible to get at the exact figures; the bank has a considerable part of its money invested in real estate on which cash cannot readily be raised.

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The Lincoln Savings Bank, of Fayat eville, has suspended payment.

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A Fayettville Bank Suspends

NASHVILLE, TENN., Sept. 8.The Lincoln Savings Bank, of Fayettville, Tenn., closed its doors this morning. President James explains that the stringency of the money market and inability to collect forced the suspension. Depositors, It is said, will be paid in full, and stockholders will perhaps get 50 per cent., or more, if the assets are judiciously managed. The deposits are reported at $100,000 and the assetts about $200,000. A meeting of the stockholders has been called for next Saturday.

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Financially Embarrassed

Failures for the week ending on the 12th in the United States and Canada, 220. Stafford & Co., of Providence and Fall River, heavy cotton goods manufacturers, suspended on the 12th. The concern's liabilities are placed at $400,000. The Lincoln Savings Bank, at Fayetteville, Tenn., closed its doors on the 8th inst.

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widow of Commodore Vanderbilt, died in New York on the 4th. The East Tennessee Farmers' Convention meets at Knoxville May 17th, 18th and 19th. The Mormons are dissatisfied with the enforcement of the law in Utah, and proposed going to Mexico, Mexico forbids polygamy, and the proposed exodus is ended. A Loiler in the Treemont Hotel Galveston Texas, exploded on the 3rd, wrecking part of the building and surrounding property and killing and wounding several people. Eight persons were burned to death in a tenement house fire in New York, on 2nd. News comes from Waverly Tenn., that on the 2nd a party of di-guised men visited the house of Conley Johnson, colored, and ordered him to open his door, he refused, and tried to escape, and was shot while running St veral negroes have been hipped in the same vicinity. This looks like Ku Klux work. J. M. Keily, of Richmond, Va., has qualified as minister to Austria and sails immediately for Europe. Chattanooga is making extens ive and grand preparations for the annual conclave of Knights Templar, which assembles in that city, May 12th. The State militia and the striking quarrymen came into collission at Lamont III., on the fourth. The troops attempted to disperse the striking quarrymen, and charged the crowd, killing two men and wounding others. More trouble is apprehended. The Supreme Court of the United States has refused a rehearing in the Virginia bond cases, recently decided. Nashville is to have a respectable depot. A company known as the Union Depot and Hotel Company has been chartered, and will erect & depot and hotel on Broad Street at once. Memphis has followed horse racing, with bicycle races. The meeting of the Mempbis Bicycle Club, ended this week. The President, vice-President and a portion of the Cabinet, were present at the celebration of the anniversary of the battle of Gettysburg. 3,700 Jerseys were sold at Auction in 1883 and 1884, at an average price of $375. William M. Merrick, a prominent lawyer of Maryland has been appointed Associate Justice of the District of Columbia; vice Andrew Wylie, resigned, Judge J. L. T. Speed was an applicant for this position. Hon. John Goode, of Virginia, has been appointed 'Solicitor General of the United States. He has served several terms in Congress. The decrease in the public debt of the United States during April, was $4,837,339,71. Dwyer Bros. gave $3,050 for a bay filly 2 years old, by Luke Blackburr of Arizona at the Franklin sale in Nashville. J. H. Livingston, Post Office inspect at Chattanooga has been removed. The Lincoln Savings Bank, Fayetteville, has resumed a regular bankin business, an agreement has been entered between stockholders and depositors by which this is effected. Gibson county has 56,000 horses, 1,mules, 16,590 cattle, 8,551 sheep 8 and 46,221 thogs, the total value of which is $1,123,010.-Gilson county Herald. 0 The Knoxville clergymen are hava a controversy with the Chronicle because it publishes a Monday edition, which controversy the clergy will out second best. Some people no discretion and waste their mergies in useless strife. le I The citizens of Haywood County have petitioned Gov. Bate to make k he consideration of pleuro pneumoone of the duties of the Legislais if called in extra session. P Perryville, Decatur county, on the 8 l'ennessee river was burned a few to lays ago, The Hotel, warehouse, and n entire town was destroyed. The fire supposed to have been the work of it incendiary T Marshall & Bruce of Nashville, have awarded the contract for the Il n State printing. n The Prince of Wales has opened The World's Exposition of Inventions, London. Jas. R. Orgood & Co., the well nown publishers of Boston, have faila ti Sir Peter Lumsden has bee re-calltl from the Aighan frontier and will eturn to England immediately. P A terrible holocaust happened in