Full suspension, Books examined
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NEW ORLEANS, May 18.-The southern afternoon press special from Savannah says that Max Ullman, a prominent merchant and banker of Brunswick, Georgia, committed suicide there this morning. The Oglesthorpe Nathional bank, and First National bank, both of Brunswick, suspended today. Great excitement is said to prevail there, but no further details have been obtained as yet.
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The Way & Georgia Bank President Répaid a Loan. BRUNSWICK (Ga.), May 18.-M. Ullman, President of the Ogelthorpe National Bank, committed suicide in a toilet-room this morning. Beside being President of the Ogelthorpe Bank, he was President of the Brunswick Brewing and Ice Company and a line of river steamers, and was a large stockholder in various enterprises. President Burthage of the First National Bank requested Ullman to repay a loan made the day before. "All right, wait a moment," said Ullman, stepping into the toilet-room. A moment later Burthage heard a report. Ullman was found sitting upright with a bullet hole in the center of his forehead. The news spread rapidly and depositors started a run, and in a few minutes the Oglethorpe National Bank closed its doors, followed immediately by the First National Bank. A slight run was commenced on the Brunswick State Bank, but it met all demands. Mayer & Ullman, wholesale grocers, closed temporarily. The Brunswick Brewery and Brunswick Cotton Factory will also close temporarily. The Oglethorpe Bank was capitalized at $150,000, and the First National at $200,000. The officers of both banks say the claims will be paid in full.
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BRUNSWICK, Ga.. May 18-M. Ullman, president of the Oglethorpe National Bank, committed suicide in the toilet room of the bank this morning. He was considered one of the wealthiest men in this section. The supposition is that Uilman had become crazed by financial troubles. The news spread rapidly and depositors started a run. A few minutes later the Oglethorne National Bank closed its doors, and it was immediately followed by the First National.
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NEW ORLEANS, May 19.-The Oglethorpe National bank and the Brunswick National bank, both of Brunswick, Ga., suspended just after Max Ullin, one of the leading merchants and bankers of that city, had committed suicide. What connection his death has with the suspensions is not yet known, but dispatches say there is great excitement in Brunswick.
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M. Ulmann, of Brunswick, Kills Him. self in the Bank. BRUNSWICK, Ga., May 18.-M. Ulmann, president of the Oglethorpe National bank, committed suicide in the toilet room of the bank this morning. Besides being president of the Oglethorpe bank he was president of the Brunswick Brewing and Ice Company and ran a line of river steamers and was a large stockholder in various enterprises. President Burthage, of the First National bank, requested Ulmann to repay a loan made the day before. "All right: wait a moment," said Ulmann, stepping into the toilet room. A moment later Mr. Burth. age heard a report and Ulmann was found sitting upright with a bullet hole in the center of his forehead. The news spread rapidly, and depositors started a run. In a few minutes the Oglethorpe National bank closed its doors, and was followed almost immediately by the First National A run was commenced on the Brunswick State bank. but it met all demands. Mayor & Uimaan, wholesale grocers, closed temporarily, The Bruns. wick brewery and Brunswick cotton factory will also close temporarily. The Oglethorpe bank was capitalized at $150,000 and the First National at $200,000. The officers of both banks say that the claims will be paid in full.
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A BULLET THROUGH HIS BRAIN, The Sensational Suicide of a Bank President. He Was Asked to Repay a Loan Which Embarrassed Him. Several Banks and Other Business Institutions Suspended in Consequance of the Tragedy, Financial News. / By the Associated Press. BRUNSWICK, Ga., May 18. --- -M. Ullman, president of the Ogelthorpa National bank, committed suicide in a toilet room this morning. Besides being president of the Ogelthorpe bank, he was president of the Brunswick Brewing and Ice company and a line of river steamers and a large stockholder in various enterprises. President Burthage of he First National bank requested Ullman to repay a loan made the day before. "All right wait a moment," said Uullman, stepping into the toilet room. A moment later Burthage heard the report of a pistol. Ullman was found sitting upright with a bullel hole in the center of his forehead. The news spread rapidly, and the depositors started a run. In a few minutes the Ogelthorpe National bank closed its doors, followed almost immediately by the First National bank. A slight run was commenced on the Brunswick State bank, but it met all demands. Mayer . & Ullman, wholesale grocers, closed temporarily. The Brunewick brewery and the Brunswick cotton factory will also be closed temporarily. The Ogelthorpe bank was capitalized at $150,000, and the First National at $200,000. The officers of both banks say the claims will be paid in full.
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Brunswick, Georgia, May 18.-M. Ullman, president of the Oglethorpe National Bank committed suicide in the toilet room of the bank this morning. President Burthage of the First National Bank requested Ullman to repay a loan made the day before. "All right; wait a minute," said Ullman, stepping into the toilet room. In a moment Mr. Burthage heard a report and Ullman was found sitting upright, with a bullet hole in the center of his forehead. The news spread rapidly and the depositors started a run. In a few minutes the Oglethorpe National Bank closed its doors, followed almost immediately by the First National. A slight run was commenced on the Brunswick State Bank but the bank met all demands. Mayor and Ullman wholesale grocers, closed temporarily. The Brunswick Brewery and the Brunswick Cotton Factory will also close temporarily. The Oglethorpe Bank was capitalized at $150,000, and the First National'at $200,000. The officers of both banks say that the creditors will be paid in full.
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A Brunswick Banker Shoots Himself Through the Head.
Tragic Death Yesterday Morning of President Ullman of the Oglethorpe National Bank.
TWO BANKS THEN FORCED TO CLOSE.
The Deceased Was Rated as One of the Wealthiest Men in That Section of Georgia—Business There, It Is Said, Will Not Suffer by His Act.
Brunswick, Ga., May 18.—Max Ullman, president of the Oglethorpe National bank, committed suicide in the toilet room of the bank this morning. He was considered one of the wealthiest men in this section. Besides being president of the Oglethorpe bank, he was president of the Brunswick Brewing and Ice company and a line of steamers, and was a large stockholder in various enterprises.
President Burbage, of the First National bank, called at the Oglethorpe bank shortly after opening and requested Ullman to repay a loan made the day before.
"All right, wait a moment," said Ullman, stepping into the toilet room.
A moment later Burbage heard a report. Ullman was found sitting upright with a bullet hole in the center of his forehead. In his pockets were found an ounce bottle of laudanum, and an unsigned bond drawn to protect a large depositor who had demanded his money the day before.
The supposition is that Ullman had become crazed by financial troubles, and his inability to protect his friends drove him to suicide.
The news spread rapidly and depositors started a run. In a few minutes the Oglethorpe bank closed its doors, followed almost immediately by the First National. A slight run commenced on the Brunswick State bank, but it met all demands.
Mayor & Ullman, wholesale grocers, have closed temporarily. The firm is composed of Sam Mayor and M. Ullman. The Brunswick brewery and the Brunswick cotton factory will also close temporarily.
Rumors affecting the two banks had been in circulation for several days. These became public after the tragedy, causing the runs. The Oglethorpe was capitalized at $150,000 and the First National at $200,000. The officers of both banks say that claims will be paid in full. Bank examiners have been wired for, and pending their arrival nothing definite will be known. Business will not suffer to any great extent.
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CRAZED BY MONEY TROUBLES, Banker Ulman Took Laudanum and Then Blew Out His Brains. BRUNSWICK, Ga., May 19.-M. Ulman, proprietor of the Oglethorp National Bank, who committed suicide yesterday, was considered one of the wealthiest men in this section. Besides being president of the Oglethorp Bank, he was president of the Brunswick Brewing and Ice Company, and a line of river steamers, and was a large stockholder in various enterprises. President Burbage of the First National Bank called at the Oglethorp Bank yesterday shortly after opening, and requested Mr. Ulman to repay a loan made the day before. "All right; wait a moment," said Ulman, stepping into the toilet room. A moment later Burbage heard a report. Ulman was found sitting upright with a bullet hole in the centre of his forehead. In his pockets were found an ounce bottle of laudanum and an unsigned bond drawn to protect a large depositor who had demanded his money the day before. The supposition is that Ulman had become crazed by financial troubles, and his inability to protect his friends drove him to suicide. The news spread rapidly, and depositors started a run. In a few minutes the Oglethorp National Bank closed its doors, followed almost immediately by the First National. A slight run commenced on the Brunswick State Bank. but it met all demands.
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UllBRUNSWICK, Ga., May 19.-M. man committed suicide Thursday. He was president of the Oglethorpe national bank, Brunswick brewery, Cumberland Route steamers, half owner of Mayer & Ullman's immense wholesale grocery, and until Thursday was considered one of the wealthiest men in this section. His suicide was followed by the immediate suspension of the Oglethorpe and first national banks
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Bank President Ulman Commits Suicide and Two Banks Suspend. BRUNSWICK, Ga., May 19.-M. Uilman, president of the Oglethorpe National bank, committed suicide in the toilet room of the bank. Up to this time he was considered one of the wealthiest men of this section. President Burbage of the First National bank called at the Oglethorpe bank shortly after opening and requested Ullman to repay a loan made the day before. "All right, wait a moment," said Ullman, stepping into the toilet room. A moment later Burbage heard a report. Ullman was found sitting upright with a ...liet hole in the center of his forehead. The supposition is that Ullman had been azed by financial troubles. The news spread rapidly and depositors started on a run. In a few minutes the Oglethorpe National base closed its doors, followed almost immediately by the First National. The Brunswick brewery and the Brunswick cotton factory will also close temporarily.
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President Ullman, Unable to Weather the Storm, Shoots Himself. BRUNSWICK, Ga., May 18.-M. Ullman, president of the Oglethorpe national bank, committed suicide in the toilet room of the bank this morning. He was considered one of the wealthiest men in this section. Besides being president of the Oglethorpe bank he was president of the Brunswick brewing and ice company, and line of river steamers, and was & large stockholder in various enterprises. President Burlbadge of the First national bank called at the Oglethorpe bank shortly after opening and requested Ullman to repay a loan made the day before. "All right, wait 8 minute," said Ullman, stopping into the toilet room. A moment later Burlbadge heard a report. Ullman was found sitting upright with a bullet hole in the center of his forehead. In his pockets were found an ounce bottle of Jaudanum and an unsigned bond drawn to protect a large depositor who had demanded his money the day before. The supposition is that Ullman had become crazed by financial troubles, and his inability to protect his friends drove him to suicide. The news spread rapidly and depositors started a run. In a few minutes the Oglethorpe na= tional bank closed its doors, immediately followed by the First D& tional. A slight run commenced on the Brunswick state bank but it met all demands. Mayer & Ullman, wholesale grocers, have closed temporarily. The firm is composed of Samuel Mayer and M. Ullman. The Brunswick brewery and the Brunswick cotton factory will also close temporarily. Rumors affecting the two banks had been in circulation for several days. These became public after the tragedy, causing the runs. The Oglethorpe was cap* italized at $160.000 and the First national at $200,000. The officers of both banks say that claims will be paid in full.
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Several Financial Institutions in Various Places Close Their Doors. MINNEPOLIS, Minn., May 18.-The Citizens' bank suspended payment yesterday. The notice on the door says that depositors will be paid in full. A dispatch from Zumbrota says the Bank of Zumbrota closed its doors yesterday. EVANSTON, Ill., May 19.-The Evanston national bank of this city closed its doors yesterday at the suggestion of National Bank Examiner George B. Caldwell. BRUNSWICK, Ga.. May 19.-The Oglethorpe national bank and the Brunswick national bank. both of this city, suspended yesterday. and M. Uliman, president of the first named bank, committed suicide.
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THE Oglethorpe National and the First National Bank, of Brunswick, Ga., suspended last Thursday, being short in money. President Max Ullman, of the Oglethorpe National Bank, suicided by shooting himself There is great excitement in Brunswick.
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SAVANNAH, Ga., May 19.-Max Ullman, a prominent merchant and banker of Brunswick, Ga., committed suicide here yesterday morning. The Oglethorpe national bank and the First national bank, both of Brunswick, suspended yesterday, and great excitement is said to prevail there, but no further details have been obtained yet.
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The controller of the currency has appointed receivers of insolvent national banks as follows: Joseph W. Bennet, receiver of the Oglethorpe National Bank of Brunswick. Ga. Charles M. Wilson. receiver of the First National Bank of Lakota. North Dakota. Elmer A. Howard, receiver of the First National Bank of Cedar Falls, Iowa. Henry H. Kerr, receiver of the First National Bank of Brady, Texas.
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, Bank Receiver. I WASHINGTON, June 12.-Comptroller of the currency has appointed Jos. W. Bennett receiver of the Oglethorpe bank, : Brunswick, Ga.
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A General Feeling That the Worst is Over, Few Small Failures. WASHINGTON, June 13.-The financial condition of the country as viewed from a Treasury standpoint shows general improvement. Bank and commercial failures are fewer, Europe is buying our grain in greater quantities, gold shipments have ceased, at least for the present, confidence is being restored and money is not so tight. The Treasury net gold has increased from $89,000,000 to $91,300,000. and the demand for small money in the West will have the effect to further increase the Treasury gold. The rate of exchange is sufficiently high to warrant the shipment of gold abroad. but the fact that commercial paper is for sale in London has a deterrent effect. There is a general feeling that the worst is passed. the weaker financial institutions and business firms having suecumbed, while those that passed through so far unseathed are the stronger for having weathered the financial storm. More Bank Troubles, SALT LAKE. UTAH, June 13.-The Park City Bank suspended yesterday. The liabilities are $130,000; assets as much. A claim is made that the bank will shortly resume. The assignee says that the depositors are to be paid 80 cents on the dollar. OMAHA, NEB. June 13.-The American National Bank is in the hands of the comptroller. J. L. McCague is president, and the supposed American National's connection with the McCague Savings Bank, which falled yesterday, caused its downfall. There are heavy runs on all the savings banks here this morning, WASHINGTON June 13.-The Comp= troller of the Currency has appointed Joseph W. Bennett receiver of the Oglethorpe National Bank of Brunswick, Ga.
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By Southern Associated Press. WASHINGTON, June 13.-The Comptroller of the Currency b . appointed Joseph W. W. Bentest, receiver of the Ogelthorpe National Bank, Brunswick, Ga.
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pointed receivers for the Oglethorp National Bank, of Burnswick, Ga.,; First National Bank, of Lakota, N. D. First National of Cedar Falls, Ia., and the First National, of Brady, Texas.
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DAYWO DATE TWO DANAS FAIL And a Receiver Has Been Appointed for a Third. OMAHA, NEB -The American National Bank is in the hands of Comptroller J. L. McCague, president, and it is supposed that the American National's connection with the McCague Savings Bank, caused its downfall. There are heavy runs on all the savings banks here. A BALT LAKE CITY BANK SALT LAKE UTAH.--The Park City Bank has suspended. Liabilities $130,000; assets as much. The claim is made that the bank will shortly resume The assignee says that the depositors are to be paid 80 cents on the dollar. A BANK RECEIVER APPOINTED W ASHINGTON, D. C.-The Comptroller of the Currency has appointed Joseph W. Bennett receiver of the Oglthorpe National Bank, Brunswick, G.I.
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TWO BANKS FAIL And a Receiver Has Been Appointed for a Third. OMAHA, NEB - -The American National Bank is in the hands of Comptroller J. L. McCague, president, and it is supposed that the American National's connection with the McCague Savings Bank, caused its downfall. There are heavy runs on all the savings banks here. A SALT LAKE CITY BANK. SALT LAKE UTAH.-The Park City Bank has suspended. Liabilities $130,000; assets as much. The claim is made that the bank will shortly resume The assignee says that the depositors are to be paid 80 cents on the dollar. BANK RECEIVER APPOINTED. WASHINGTON, D. C.-The Comptroller of the Currency has appointed Joseph W. Bennett receiver of the Oglethorpe National Bank, Brunswick, G.I.
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for Mrs. Way, against the Royal Insurance Company of London, England. Col. Way had a policy of $7,000 with this company on his house and furniture at Beaulieu, and the fact that one of these insurance cases has already been tried in the city court here, will give it added interest. The testimony in this case will probably be taken before a master in chancery, and the facts at issue given to the judge for his consideration.
Those of the sailors of the bark Nevada, which was libelled at this port and to whom money is probably coming out of the registry of the court, are awaiting this session with interest in the hope that the case will be decided, and they will get what is due them if anything is due. This case has been in the court for more than two years and a half, and those of the sailors who had the patience, and who have not died, are still here waiting to see what the result will be.
The United States will also proceed against Jacob Rauers for the purpose of condemning certain lands on St. Catherine's Island for the purpose of establishing a lighthouse station there. There are many other cases of minor interest and importance to come before the court, and the session is likely to be a long one.
The suit of J. W. Bennett, receiver of the Oglethorpe National Bank of Brunswick, against a large number of the stockholders for the assessments levied on their stock will perhaps be of much interest on account of the fact that many of the stockholders sued reside in Savannah.