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Bank Suspended. Des Moines, Ia., August 24.-The Home Savings and Trust company, with head offices in this city, has suspended. By almost unanimous for the shareholders it was decided today to go into voluntary liquidation. All obligations will be fully paid. The action is taken as a result of an act of the legislature which rigidly restricts compounding of interest.
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Trust Company Goes Into Liquidation. DES MOINES, Ia., Aug. 24.-The Home Savings and Trust Company, with head officers in this city, has suspended. By almost unanimous vote of the shareholders it was decided to-day to go into voluntary liquidation. All obligations will be fully paid. The action is taken as a result of an act of the last Legislature, which rigidly restricts compounding of interest.
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Trust Company Suspends. Des Moines, Ia., Aug. 26.-The Home Savings and Trust company, with head offices in this city has suspended. By almost unanimous vote of the shareholders it was decided today to go into voluntary liquidation. All obligations will be fully paid. The action is taken as a result of an act of the last legislature, which rigidly restricts compounding of interest.
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Why an Iowa Bank Quite. Des Moines, Ia., Aug. 26.-The Home Savings and Trust company, with head offices in this city, has suspended. By almost unanimous vote of the shareholders it was decided to go into voluntary liquidation. All obligations will be fully paid. The action is taken as a result of an act of the last legislature which rigidly restricts compounding of interest.
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Why an Iowa Bank Quits. Des Moines, Ia., Aug. 26.-The Home Savings and Trust company, with head offices in this city, has suspended. By almost unanimous vote of the shareholders it was decided to go into voluntary liquidation. All obligations will be fully paid. The action is taken as a result of an act of the last legislature which rigidly restricts compounding of interest.
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WILL ATTACK THE LAW. Iowa Building and Loan Statute Under Fire. Des Moines, Aug. 29.-As a result of the plan of the Home Savings and Trust company of this city to go into yoluntay liquidation, it is stated that a test of the constitutionality of the building and loan act passed by the last legislature will be made in the courts immediately after the liquidation is decided upon, as is now deemed settled, at the September 24 meeting. It is stated that the local company is the first building and loan or similar company to take this action since the measure was adopted by the 28th general assembly and that therefore this will be the first legal question of the matter. C. J. Donnelly, the attorney with offices in the Iowa Loan and Trust company's building, proposes raising the point after the litigation has been agreed upon. Opposition to Liquidation. The report was current in legal and commercial circles today that Mr. Donnelly, who represents the sixteen shoreholders of the Home Savings and Trust company. objected seriously to the proposed voluntary liquidation and that he would institute receivership proceedings in court to forestall the action of the other parties. Mr. Donnelly denied this emphatically, but at the same time stated that in his opinion the plan now proposed would result in far more litigation than any receivership proceedings. Stating his plan of legal action, Mr. Donnelly said: "The Home company is the first one
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U. M. Rose, of Little Rock, Ark., was elected president of the American Bar association at the annual meeting in Denver. Charles W. Nordstrom was hanged at Seattle, Wash., for the murder of William Mason after a legal fight for freedom that lasted nine years. The attorney general of the United States says that newspaper guessing contests requiring study and calculation do not fall under the law prohibiting the advertising of lotteries. President Shaffer denies that propositions for a settlement of the strike have been made or are in contemplation, but it develops that powerful agencies, including the Civic Federation, are working for peace. Dun's Review of Trade says the volume of trade is well sustained despite labor troubles and other drawbacks. Mont Cartright, aged 18, shot his wife, aged 15, at Palmyra, Wis., and then shot himself. Domestic trouble was the cause. A corset saved the life of Mrs. Cartright. In a railway wreck near Atlanta, Ga., one man was killed and 17 persons injured, three probably fatally. The piano factory of Story & Clark has been removed to Grand Haven, Mich., because of a strike in Chicago. Sam Farrow, a negro, shot and killed his wife, his father-in-law and mother-in-law near Dawkins, S. C. Judge Kohlsaat issued an order enjoining strikers from placing pickets at the Allis-Chalmers plant in Chicago, or from interfering with the business or operation of the company in any manner. Blake Logan and his two sons and two Wilson brothers were killed by West Mays and George Golden near Williamsburg, Ky. Trouble over a woman was the cause. The battleship Illinois will be ready to go into commission on September 10. For the first time in the history of Alabama a grand jury at Montgomery indicted ten white men for lynching a negro. South Chicago steel workers failed to attend a meeting of labor unions arranged in a last effort to induce the men to quit work. United States District Attorney Evans dropped dead at his home in Minneapolis from heart disease. The Home Savings & Trust company, with head offices in Des Moines, Ia., has suspended. The Sandy Valley Banking company at Malvern, O., has made an assignment. A special train on the Pennsylvania railroad covered the distance of 355 miles from Pittsburg to Philadelphia in seven hours and five minutes. Talk of a settlement of the steel strike continues in spite of the denials by the officials of the United States Steel corporation and the Amalgamated association. Henry Noles, a negro who assaulted and murdered Mrs. Charles Williams, wife of a prominent farmer near Winchester, Tenn., was burned at the stake by a mob. A bridge collapsed at Mauch Chunk, Pa., and Jesse Struthers, a prominent citizen of Mauch Chunk, and three boys were drowned. Burglars robbed a bank at Petersburg, Ind., of $240, but overlooked $17,000 in the safe. Schlatter, the "divine healer," was sent to the workhouse in New York for three months for drunkenness. A railway engine plunged into a canning factory at Janesville, Wis., causing a loss of $100,000. Government officials at Nogales, Ari., were arrested for smuggling Chinese from Mexico into the United States. A tornado at Jersey City, N. J., wrecked a theater and two churches
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U. M. Rose, of Little Rock, Ark., was elected president of the American Bar association at the annual meeting in Denver. Charles W. Nordstrom was hanged at Seattle, Wash., for the murder of William Mason after a legal fight for freedom that lasted nine years. The attorney general of the United States says that newspaper guessing contests requiring study and calculation do not fall under the law prohibiting the advertising of lotteries. President Shaffer denies that propositions for a settlement of the strike have been made or are in contemplation, but it develops that powerful agencies, including the Civic Federation, are working for peace. Dun's Review of Trade says the volume of trade is well sustained despite labor troubles and other drawbacks. Mont Cartright, aged 18, shot his wife, aged 15, at Palmyra, Wis., and then shot himself. Domestic trouble was the cause. A corset saved the life of Mrs. Cartright. In a railway wreck near Atlanta, Ga., one man was killed and 17 persons injured, three probably fatally. The piano factory of Story & Clark has been removed to Grand Haven, Mich., because of a strike in Chicago. Sam Farrow, a negro, shot and killed his wife, his father-in-law and mother-in-law near Dawkins, S. C. Judge Kohlsaat issued an order enjoining strikers from placing pickets at the Allis-Chalmers plant in Chicago, or from interfering with the business or operation of the company in any manner. Blake Logan and his two sons and two Wilson brothers were killed by West Mays and George Golden near Williamsburg, Ky. Trouble over a woman was the cause. The battleship Illinois will be ready to go into commission on September 10. For the first time in the history of Alabama a grand jury at Montgomery indicted ten white men for lynching a negro. South Chicago steel workers failed to attend a meeting of labor unions arranged in a last effort to induce the men to quit work. United States District Attorney Evans dropped dead at his home in Minneapolis from heart disease. The Home Savings & Trust company, with head offices in Des Moines, Ia., has suspended. The Sandy Valley Banking company at Malvern, O., has made an assignment. A special train on the Pennsylvania railroad covered the distance of 355 miles from Pittsburg to Philadelphia in seven hours and five minutes. Talk of a settlement of the steel strike continues in spite of the denials by the officials of the United States Steel corporation and the Amalgamated association. Henry Noles, a negro who assaulted and murdered Mrs. Charles Williams, wife of a prominent farmer near Winchester, Tenn., was burned at the stake by a mob. A bridge collapsed at Mauch Chunk, Pa., and Jesse Struthers, a prominent citizen of Mauch Chunk, and three boys were drowned. Burglars robbed a bank at Petersburg, Ind., of $240, but overlooked $17,000 in the safe. Schlatter, the "divine healer," was sent to the workhouse in New York for three months for drunkenness. A railway engine plunged into a canning factory at Janesville, Wis., causing a loss of $100,000. Government officials at Nogales, Ari., were arrested for smuggling Chinese from Mexico into the United States. A tornado at Jersey City, N. J., wrecked a theater and two churches and damaged 200 houses. PERSONAL AND POLITICAL. Virginia republicans in convention
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THE NEWS IN BRIEF. or the Week Ending Aug. 27. ator Chauncey M. Depew arrived in York from Europe. , Carey Banking company, of Carey, as closed by the sheriff. ornado wrecked the town of Andrako, , and killed two persons. hwaymen held up a stage near Ukiah, and took the express box. , battleship Illinois will be ready to to commission on September 10. , Sandy Valley Banking company at ern, O., has made an assignment. glars robbed a bank at Petersburg, of $240, but overlooked $17,000 in the ert Daggett secured the contract to y 3,075,000,000 postal cards for the govest ent. fires partially destroyed 187 towns ussia, the loss being estimated at '000'00 Home Savings & Trust Company, head offices in Des Moines, Ia., has nded. garians seized five Turks in Armenia, hed them with petroleum and burned alive. si said that the Danish West Indies be disposed of to the United States year. sign be ted States District Attorney Evans ed dead at his home in Minneapolis heart disease. . Robert Williams, U. S. A., retired, suddenly in Plainfield, N. J. Death 01 en n J. Gilliland, former member of the ska legislature, was killed by footat Lincoln. Neb. ves who came to New York on an tug stole a $60,000 schooner from its at Sharptown, Md. third death from yellow fever reg from the bite of a mosquito OCup I gh school boy at Correctionville, Ia., and killed an employe of the Wild show who attacked him. ollege of heraldry in America has incorporated at Albany, N. Y., to genealogical researches. ge Kennan, who was expelled from a, returned to Boston. He scores i's treatment of the Finns. estimated that the Puget Sound salpack for the present season will be 0 cases, valued at $5,400,000. eport on schools in the Philippines that the natives are eager to learn hake encouraging progress. usband of 18 years shot at his bride it Palmyra, Wis., and himself. Her saved her life, but he will die. ien, who tried to swim across the la channel, collapsed after being in ater 12 hours, and nearly drowned. ident Ban Johnson has started a le against rowdy baseball that promcrisis in American league affairs. Louise Sheridan, better known as : Davenport, the actress, died in rancisco from cirrhosis of the liver. the first time in the history of Alaa grand jury at Montgomery inten white men for lynching a negro. ey has yielded to the French defor recognition of rights claimed Quays company at Constantinople. idge collapsed at Mauch Chunk, Pa., esse Struthers, a prominent citizen uch Chunk, and three boys were ed. tary Hay left Washington for his -es 01 "H N New 18 home .1 he vacation interrupted by the calls iness. soldiers are to be assigned to duty nila, which is now garrisoned by less 000 troops. Guard duty is too heavy e small force. 'V T pans company Contey 'B 'M former employe, for $25,000 dam-
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Iowa Bank Suspends. Des Moines, Iowa, Aug. 26.-The Home Savings and Trust company, with head offices in this city, has suspended. By almost unanimous vote of the shareholders, it was decided to-day to go into voluntary liquidation. All obligations will be fully paid. The action is taken as a result of an act of the last legislature, which rigidly restricts compounding of interest.
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Brief State Happenings. Lizzie Hines, aged 17, a domestic employed by Chris Weidenfeller, who lives west of Le Mars, took a dose of carbolic acid in mistake for toothache medicine, and after suffering several hours succumbed to the effects. The Home Savings and Trust Company, with head offices in Des Moines, has suspended. By almost unanimous vote of the shareholders it was decided to go into voluntary liquidation. All obligations will be fully paid. The body of a man probably 65 years of age was found lying dead beside the track of the Illinois Central Railway two miles west of Fort Dodge. Examination disclosed the fact that the neck and two ribs were broken, and the body showed marks of a heavy fall. In Des Moines Judge Holmes handed down a decision in the test case against the Iowa State board of veterinary medical examiners holding that the provision of the law compelling practitioners of five years to register before Jan. 1, 1901, was in conflict with the constitution of Iowa, as the act permitted graduates of colleges to register at any time. The contracts have been let for the construction of the Milwaukee Railroad cut-off from Muscatine to Ottumwa. The line will cost in the neighborhood of $33,000 per mile and the total cost will approach or possibly exceed $2,800,000. A strange disease seems to have attacked the elm trees which are numerous about Waterloo. A close inspection of the trees show that the trunks from a point about four feet above the ground are practically covered with a web, which resembles fine spun glass, and glitters like silver in the sun. This web seems to be drawing the life from the trees. Manager F. H. McDonnell, of the Mason City base-ball club, has repaid to the ball management the sum of $225 which was stolen from him while en route home from the Iowa Falls base-ball tournament. The loss of the $225 had practically put the team out for want of funds, but with the new start they will probably play ball until the close of the season. Mrs. B. F. Woods, of Milford, an old lady, met with a fatal accident. She stepped out of doors, and the night being dark she fell into the basement, just dug for the new M. E. Church. She remained unconscious until morning, when she died. Mrs. Mark Volkmer, a well-known and greatly beloved resident of Burlington, passed 'away recently at the family home. Mrs. Volkmer had been an invalid for the last twelve years. Sheriff Shoemaker foiled a desperate attempt at jail delivery at Marshalltown. Three prisoners-Murphy. held for highway robbery, and McGuire and Sanford, each charged with burgiary. aided by Charles Wilson, the 12-yearold burglar recently held to await disposal of his case by the courts-broke out of the solitary cell, where they were confined, and had nearly effected an exit through the roof when they were detected.