375301121 37530
national
4cd0dd0740aa1657Full suspension, Books examined
Other: Comptroller wired for bank examiners and subsequently appointed a receiver; receiver later called for heavy stockholder assessments and liquidation/reorganization efforts by solvent stockholders were discussed.
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Suicided-Two Banks Busted. 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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COMMITTED SUICIDE. 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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Suicide and Two Bank Suspensions. 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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BLEW OUT HIS BRAINS. A Bank President So Starts n Run and Neveral Failures. BRUNSWICK, Ga., May 18.-M. Ullman. president of the Oglethorpe National bank. mmitted suicide in the toilet room of the bank this morning. Besides being president of the Ogiethorpe bank. he was president of the Brunswick Brewing and Ice company and the line of river steamers. and a large stakeholder 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. In a moment Burthage heard a report. Ullman was found sitting upright with a bullet hole in the center of his forehead, The nows 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 bank. A slight run commenced on the Brnnswick State bank, but it met all demands. Mayor & Ullman, wholesale grocers, closed temporarily. The Brunswick brewery and the Brunewick cotton factory will also close temporarily. The Oglethorpe bank was capitalized nt $150,000 and the First National at $200,000. The officers of both banks say the claims will be paid in full. LINCOLN, May 18.-The Nebraska Savings bank is in trouble. For several days there has been a quiet run on this institution, which to-day assumed extensive proportions. The clearing house was called on for assistance, responded promptly. The officials are confident the bank will weather the storm. It has a capital of $250,000; deposits $150,000. CHICAGO, May 18.-The Evanston National bank. of Evanston, III., closed its doors to. day at the suggestion of the bank examiner. The bank has a capital stock of $100,000, and did business with the broken Chemical National, of this city. A notice on the bank door saya the depositors will be paid in full, and it is said the bank will resume next week. LONDON, May 18.-Stocks opened steady in consequence of the better feeling abroad, and closed firm. but without decided buoyancy. While there WHE an absence of gloomy rumors, a cloud of doubt seemed to overhang the situation respecting several firms which had been temporarily assisted. Operations were very cautions, under the suspicion that the recovery in the market of might only be temporary. The Bank England rate of discount has been advanced to four per cent, the highest for some time.
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STILL THEY GO DOWN Western Banks Keep on Closing Their Doors. Hopes of a Better State of Affairs Are Thrown Out, but Very Vaguely. Special to THE MORNING CALL BRUNSWICK, Ga., May 18.-M. Ullman, president of the Oglethorpe National Bank, committed suicide in the coilet-room of the bank this morning. Besides being president of the Oglethorpe 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 and U!Iman 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 it met all demands. Mayer & Ullman. wholesale grocers, closed temporarily, and the Brunswick Brewery and the Brunswick cotton factory will also close temporarily. The Oglethorpe was capitalized at $120,000 and the First National at $200,000. The officers of both banks say all claims will be paid in full. EVANSTON, May 18.-The National Bank of Evanston, III., closed its doors this morning at the suggestion of the Bank Examiner. The bank has a capital stock of $100,000, and did business with the broken Chemical National in this city, The notice on the doors says depositors will be paid in full, and it is said the bank will resume next week. LINCOLN, May 18.-The Nebraska Savings Bank is in trouble. For several days there has been a quiet run on the institution, which to-day assumed extensive proportions. The Clearing-house was called on for assistance and responded promptly. The officials are confident the bank will weather the storm. It has a capital of $250,000. The deposits are $150,000. CHICAGO, May 18.-Six hundred thousand bushels of corn were reported sold out in the Board of Trade to-day for account of N. W. Warren & Co. The firm claims to be selvent, but its accounts are tied up by the Columbia Bank failure. MINNEAPOLIS, Minn., May 18.-The run on the Farmers' and Merchants' Bank, which began Saturday afternoon and which reached a climax yesterday, completely exhausted itself to-day.
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GEORGIA BANKER'S SUICIDE. 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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PREFERRED DEATH TO POVERTY. Bank President Ullman Suicides-Several Suspensions Result. BRUNSWICK, GA., May 18.-M. UIIman, president of the Oglethorpe National Bank, committed suicide in the toiletroom of the bank this morning. Up to this time he was considered one of the wealthiest men in this section. Besides being president of the Oglethrope Bank he was president of the Brunswick Brewing and Ice Company, and a line of river steamers, and was a larger 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 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 Ullman had been crazed by financial troubles, and that 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 National 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 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 capitalized at $150,000, and the First National Bank 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. WASHINGTON, D. C., May 18.-Comptroller Eckels this afternoon ordered Bank Examiner John Carskedan, of West Virginia, to Brunswick to take charge of the First National Bank and the Oglethorpe National Bank of Brunswick, both of which closed their doors this morning. The First National Bank had capital of $200,000 and the Oglethorpe Bank of $150,000. The resources of the banks on May 4th, as reported, were for the former $492,000, and for the latter $682,000. Illinois Bank Failure, EVANSTON, ILL., May 18.-The Evanston National Bank, of this city, closed its doors this morning, at the suggestion of National Bank Examiner George B. Caldwell. The bank formerly did business with the Chemical National Bank, of Chicago, but after the failure of that institution transferred its accounts to the Metropolitan National Bank, of Chicago. Nebraska Bank In Trouble. LINCOLN, NEB., May 18.-The Nebraska Savings Bank is in trouble: For several days there has been a quiet run on the institution, which to-day assumed extensive proportions. The clearing house, was called on for assistance and responded promptly, and the bank is confident it will weather the storm. The bank has a capital of $250,000 and the deposits amount to $150,000.
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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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BUSINESS TROUBLES. A Sloux City Merchant's Loss is the Big Fallure-Duspensions of Banks SIOUX CITY, May 18.-In the district court today Judge Gaynor decided against W. H. Silberhorn's petition to recover the notes put up for stock in the San Francisco Union Stock Yards Company. The court's ruling practically established Silberborn's liabilities on all the notes issued, $245,000, which he endorsed together with s S. Garretson. and which are now figured in the assets of the Union Loan and Trust Company. SAN JOSE, May 18.-The directors ot the coliapsed Bank of Santa Clara county met this morning and J. P. Pierce tendered his resignation as president. It was accepted and F. C. Franck was elected to the position. It was decided to issue a call for 10 per cent. of the capital stock, payable June 3. This will give the directors $30,000, which is ample funds to meet all claims against the bank. It was also the expressed desire that the bank make an effort to pay all depositors in thirty days, or as soon thereafter as possible. The directors decided that the bank should resame business at an early day and several well known men were mentioned as suitable persons to manage the affairs of the new institution, but no conclusion in this respect was reached. The position of cashier was tendered to Hamilton W. Stephens, but he declined to accept it. T. J. Brandon was chosen temporary cashier. and an effort will be made to retain him in that position. The business men of Santa Clara are jubilantover the news that the bank will resume business. CHICAGO, May 18.-The Evanston National bank, of Evanston, III., closed its doors this morning at the suggestion of the bank examiner. The bank has a capital stock of $100,000. It did business with the broken Chemical National bank, of this city. A notice on the bank door says that depositors will be paid in full and it is said that the bank will resume next week. LINCOLN. May 18.-The Nebraska Savings bank is in trouble. For several days there had been a quiet run on the institution, which today assumed extensive proportions. The clearing house was called on for assistance and responded promptly. The officials are confident that the bank will weather the storm. It has a capital of $250,000 and deposits amounting to $150,000. BRUNSWICK, Ga. May 18.-The First National bank and the Oglethorpe National bank closed their doors this morning and M. Ulmann, president of the latter, has committed suicide. The failures were expected. CHICAGO, May 18.-It is reported that 600,000 busheis of corn was sold out on the Board of Trade today for the account of N. W. Warren & Co. The firm claims to be solvent, but its accounts are tied up by the Columbia National bank failure.
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WOULD NOT FACE DISHONOD. 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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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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THE WEEK'S NEWS IN BRIEF. MANY INCIDENTS REDUCED FROM COLUMNS TO SHORT, SPICY PARAGRAPHS. Everything Eliminated But Facts For the Special Convenience of Readers of The Tribune. THE contract for the purchase of the Cherokee Strip has been signed. WHILE the weather co nditions have largely improved crops are still backward. A CANADIAN commission is investigating the working of the prohibition law in Kansas. DUN'S trade review notes slow collections and undertakings affected by doubts about the future. THE latest news from Hawaii shows but little change in the situation, which is a waiting one. JUDGE THOMAS of Missouri has been appointed Attorney General for the Post Office Department. SAGINAW, Mich., was devastated by a million dollar fire that destroyed the heart of the city. Saturday. By an accident the largest capture of green goods on record was made on Wednesday at Bridgeport, Conn. Miss ROSE CLEVELAND returned to this country Saturday after two years spent in traveling in foreign lands. MRS. CHARLES BERGO of Nodaway county, Mo., beheaded her baby with a razor and then cut her own throat. FOUR life-savers out of a crew of seven were drowned at Cleveland while trying to rescue two boatmen, who were also lost. UNION teamsters and laborers of Indianapolis, to the number 2,000, went out on strike last Wednesday for shorter hours. MRS. HARE, supposed to be insane, poisoned her 9-year-old son near Lansing, Mich., to prevent him growing up a thief THECumberland Presbyterians at the Little Rock Conference voted, Saturday, in favor of the eligibility of women as members. THE Woman's Congresses were the feature of the Fair last week, the greatest interest centering in the advocates of dress reform. THE Cumberland Presbyterians in general assembley at Little Rock, elected Rev. W. S. Ferguson of Petersburg, III.. as moderator. THE receivers of the Winner Building Company at Kansas City have sued the Kausas City directors of the company. Other suits to follow. THE internal revenue for the first ten months of the fiscal year is over $6,000,000 in excess of the amount collected during the same time last year ATTORNEY GENERAL OLNEY made the statement Saturday that the Government would take the necessary steps to prevent the Sunday opening of the Fair. THE same mob that lynched Terrill, the murderer of Conductor Price at Bedford, Iud., went to Brownstown and also lynched Lou Trenck, another murderer. BENJAMIN M. McCULLOCH, teller of the State bank at St. Louis, was murdered at his home early Saturday morning, after a desperate struggle with a barglar. GRAVE charges are being madeagainst the Cherokee representatives at Wasnington in connection with the purchase and opening of the Strip to settlement. SECRETARY GRESHAM is authority for the statement that the Government will pay all bills contracted for the entertainment of the Duke of Veragua as the country's guest. Miss SICKLES' charges of rottenness regarding Cherokee Strip matters and a proposed grab of $400,000 created consternation at Tahlequah, I.T., where Miss Sickles is well known. JOHN E. RISLEY, the recently appointed United States minister to Denmark, has been sued for an accouating of joint counsel fees earned in conjunction with the late Senator McDonald. THE Oglethorpe National and the First National banks of Brunswick. Ga., have closed their doors and President Ullman of the first-named committed suicide by shooting himself. IT is said that Ex-Secretary John W. Noble will soon take up his residence in Oklahoma having in view his elevation to the United States Senate when the Territory is admitted to Statehood THE storin which raged last week with such fury along the lake shores, upper Ohio and Western Pennsylvania did immensedamage by floods at many points. A score or more of lives were lost. ALL the members of the cabinet and many leading Democrats are urging upon the President to make a stroug recommendation of the income tax a special feature of his first message to Co ngress THE General Assembley of the Presbyterian Church iu the United States met in its one hundred and fifth annual session at Washington, D.C. Rev. Willis G. Craig of Chicago was chosen moderator to succeed Rev. Mr. Young. SATURDAY, while an immense throng of women were waiting at the doors ot the Washington Hall, in the World's Fair grounds the entrance gave way and many were precipitated to the ground below, a distance of twelve feet Several were badly injured, but none fatally
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# BANK REFORM. Suggestions Dealing With Evil Practices of Bank Officers. # A DESIRABLE BILL LOADED DOWN. Consequently It Was Killed in Congress- Loans to Bank Officers and Other Bad Doings to Be Watched. WASHINGTON, May 24.-Among the recommendations which are to be made to the next congress by the secretary of the treasury is a measure to limit the loaning of money of national banks to their officers and directors and to require a recorded yea and nay vote when loans to such officers are made. Such a bill was introduced in the last house and went through that body without much opposition, but it was loaded down in the senate by an amendment offered by Senator Sherman increasing the circulation of the banks to the par value of their bond deposits. This threw the bill into conference committee, and the conference report was never called up in either house. The new comptroller of the currency has had his attention forcibly called to the need of such legislation by several of the recent failures in the west. Big loans to officers had much to do with the failures of the Capital National bank of Indianapolis, the First National bank of Cedar Falls, Ia., and the Brunswick, Ga., banks. The officers of the Iowa bank were engaged in running a stock farm and borrowed largely of the bank to keep the farm going. Comptroller Eckles would like to break up such practices, and will do it as far as he can without waiting for new legislation. He will instruct his examiners to scan the books of the bank closely for cases of loans to officers, and will direct attention to the fact that he does not approve them. Another point to which the new comptroller is directing his attention is the original issue of bank charters. He proposes to exact additional guarantees of the standing and financial resources of the men who ask for charters, and will endeavor to satisfy himself of their responsibility before granting the authority, which is in his discretion, "to commence the business of banking." He will probably require from each incorporator a personal statement of his assets and liabilities and will ask the members of congress from the district to give some personal attention to the truthfulness of such representation before affixing his indorsement, as he is now called upon to do under the regulations of the treasury department. Mr. Eckles believes that it is useless to authorize institutions which are not strong enough to stand permanently on their feet, and that some discrimination should be exercised in authorizing them in communities already largely equipped with banking facilities.
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CHIEFS of police of many cities met in Chicago and organized a national union with W. S. Seavey, of Omaha, as president. THE wife of Michael Bierge. a wealthy farmer residing near Barnard, Mo., suddenly became insane and killed her 5months-old bat eand herown throat. dying instantly. THE will of Bishop Ames, of the Methodist church, after standing fourteen years was broken at Baltimore, and the estate, valued at between $150, 000 and $200,000, will now be divided ac: cording to law. REPRESENTATIVE negroes of South Carolina met in Columbia and adopted resolutions in which lynching was condemned and an appeal made to the humane people of the state to aid them in suppressing any attempt to violate the law by lynching. THE Brunswick national bank and Oglethorpe national bank, both of Brunswick, Ga., suspended, and M. UIIman. president of the Oglethorpe, committed suicide. FLAMES of an incendiary origin swept away seventeen business houses and residences at Montfort, Wis. Loss, $100,000. THE doors of the Evanston (III.) national bank. with a capital of $100,000. were closed. FIRE in the building occupied by the Dr. Price Baking Powder company in Chicago caused a damage of $115,000. THE King Iron Bridge company's works at Cleveland. O., were damaged to the extent of $150.000 by fire. IN the jail yard at Lake Charles, La., Lewis Taylor (colored) was hanged for assaulting a negro woman some months ago. FREDERICK C. SCHENCK. for seventeen years consul to Barcelona, Spain, beginning in Hayes' administration. died at Lafayette, Ind., aged 53 years. THE death of James E. Murdoch. the famous tragedian. aged 83 years, occurred at his suburban home near Cincinnati of various ailments combined with old age. Ix session in St. Paul the international convention of press clubs elected John A. Cockerell, of New York, as president. It was decided to establish a home for aged and infirm journalists. AT Bellaire, O., Ethelinda Mayhue has brought suit for divorce against Oliver Mayhue, a grocer. They were married April 20. 1854. and have fourteen children. Cruelty was the charge. THE directory of the world's fair adopted a rule that for the future all children under 12 and over 6 years of age will be admitted to the fair for twenty-five cents. Ix the southeastern Kansas coal fields 5,000 miners struck for higher wages. FIRE suffocated twenty-five horses belonging to the People's Outfitting company in Chicago.
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DEPOSITORS SAFE. The Oglethorpe and First National Will Pay All in Full. Brunswick, Ga., May 26.-It is now considered certain that the Oglethorpe Bank will not resume business, but it is equally certain that no depositor in either bank will lose a cent. While it is not believed that the stockholders in the Oglethorpe Bank will realize anything on their stock they will hardly be assessed, as much of the paper the bank holds can be collected. The First National Bank will probably be reorganized on a $150,000 basis, just onehalf of the former capital stock. Col. W. L. Kay, one of the best business lawyers in the state, is vice president of the First National and is working hard to place it on its feet again. A meeting of the depositors will no doubt be held soon and a proposition made to them to take good negotiable paper for their claims, payable on different dates and to resume their business with the bank. As the largest depositors are liberal-minded business men working for the good of Brunswick, they will probably help Col. Kay in his efforts. It is evident here now that it will be to the interest of the depositors to arrange some way for the bank to resume, even if only for the purpose of gradual liquidation, for the forced methods of a receivership would prove not only disastrous to the people who owe, but to the depositors as well. The stockholders and creditors of the First National will no doubt turn over the management of the bank to the creditors and depositors if they will come together to reopen the doors, and in a short time it is thought this plan will be laid before the people. The building and loan associations are helping Brunswick a great deal by lending money to their stockholders, many of whom are building, and this money distributed through the different channels of trade is relieving the pressure to some extent. None of the agencies represented have shut down on the people and their action is appreciated. Some of the merchants have quit crediting and are bringing their business down to a strictly cash basis, but this action on their part is a move many would have profited by if it had been started long ago. R. R. Hobbs of Albany, Goodyear & Kay, attorneys for Morris Mayer and Anson Tucker of Albany and the East Tennessee railway, filed a petition for an injunction to-day to restrain the insurance company from paying Mrs. Max Ullman $64,000 on her husband's life, and endeavoring to subject this fund to the payment of debts of Mayer & Ullman, and Samuel Mayer, Crovatt and Whitfield represent Mrs. Ullman. Rumors effecting the solvency of Kaiser Bros., wholesale dry goods merchants, are untrue. Kaiser Bros. state their ability to pay $2 for every $1 they owe, and their indebtedness is very small, if any. They are reported favorably upon by the banks.
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Bank Receivers Appointed. 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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TRAMMELL IS ON TOP. He Stands the Best Chance to Be Internal Revenue Collector. ecretary Carlisle Believed to Have Promised Col. Trammell the Place. The Fight at Athens to Secure a New System of Water Works-A' Receiver Named For the Brunswick Banks. Washington, June 13. -There is nothing brand new about the collectorship of internal revenue for Georgia. Representative Turner has made his speech for his man and the North Georgia people have made other speeches that are presumed to be counter irritant. Secretary Carlisle appears to have promised to put Col. Trammell in the office and the President will hardly go behind the returns this late in the day. Mayor Tuck of Athens was here to-day on his return south from New York. It appears from his statement that the legal cause which called him to Gotham involves a grave local question for his town. Athens had water works built some ten years ago by a northern concern. The works have proved inadequate after a ten years' trial and a contract entered into with a new company is the issue to be met. The original company claim a thirty years' monopoly of the water rights of the town under their contract and they have enjoined the new company, who have their works nearly complete, from doing business. Mayor Tuck thinks the town will overthrow the injunction. Gen. Gordon returned yesterday afternoon from New York, and is stopping a short distance out of town with his son Frank. He was in the city to-day, but made no official calls, it being cabinet day. He is billed for an address in New York at an early date, with Lee and Grant as his subjects. THE BRUNSWICK BANKS. Controller of the Currency Eckles has appointed Joseph Burnett, a young lawyer of that town, as receiver of the broken, Oglethorpe Bank. Mr. Burbage of the First National, which is also crippled, is still here and wants a show to reopen his vaults, but the probability is that he won't be accommodated unless he can pay his debts. However, he will see Controller Eckles again to-morrow and then the matter will be decided. The following Georgians have been granted pensions for services in the Indian wars: Aaron Roff, Jonathan Miller, A. M. Horne, W. J. Avery, William H. Wilder and James Keheley. The following Georgia widows of Indian fighters come in for $8 per month each on recent adjustments: Elizabeth Moore, Sarah E. Alexander, Harriet Miles, Elizabeth King, Martha Sparks, Electra Carter, Belinda Kelly, Elizabeth Ormond and Mary Gilbert. Secretary Hoke Smith will return to Washington to-morrow from Ocean Beach, Va.
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COMPTROLTER Eckels yesterday ap. 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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WANTED A LAWYER Something About Mr. Williams' Interview With the Controller of the Currency. Some facts concerning the interview which Mr. J. P. Williams had with Controller of Currency Eckels, when he went on as representative from the committee appointed by the solvent stockholders of the Oglethorpe National Bank. of Brunswick, will prove an interesting addition to the history of the administration of its affairs told by Mr. Herman Myers. Representing the solvent stockholders Mr. Williams went to Washington to see Controller Eckels, and to endeavor if possible to make some arrangement by which the solvent stockholders could take hold of the bank and straighten out its affairs. In speaking of the matter yesterday Mr. Williams said the controller seemed determined to appoint a receiver and he then suggested Mr. Myers as a practical business man and a receiver who would be acceptable to all the stockholders. "Mr. Eckels would not appoint Mr. Myers," said Mr. Williams, "because he could not give his undivided time and attention to the work, but would have been compelled to employ an assistant. He insisted on the appointment of a lawyer for tke reason that a lawyer could attend at the same time to the collections of the bank and the legal part of the business without the appointment of counsel to the receiver. "When I returned, the committee decided among others to suggest Mr. Samuel Atkinson, a well known attorney of Brunswick, as a receiver who would be acceptable to all the stock-holders. Mr. Eckels seemed opposed to appointing a Brunswick lawyer, and a few days later a telegram was received announcing the appointment of Mr. J. W. Bennett, and much to my surprise the appointment by him of Judge Mershon as counsel to the receiver. This was more surprising considering the fact that he desired the appointment of a lawyer for the very reason of saving the extra expense of counsel to the receiver. "The action of Mr. Eckels has been very objectionable to all stockholders, not that there were any personal objections to Mr. Bennett, but there were reasons why the appointment of one of the other gentlemen suggested would have been more acceptable to thestockholders. That it was done for political reasons, there can be no doubt. They are dissatisfied also with his action in calling for an assessment of 75 per cent. on the stock before giving the bank's affairs a thorough investigation. He has by no means had time to determine whether such an assessment is necessary or not. Mr. Myers left for Brunswick last night and Mr. Williams may go down within a day or two. They will look into the status of the bank with a view to making a proposition on the part of the solvent stockholders to take up the institution, pay whatever assessment is necessary and rehabilitate it.
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MR. MYERS MISUNDERSTOOD The Brunswick Men Thought He Was Reflecting on Them. He Denies that He Used Language Ascribed to Him in Brunswick A Sarcastic Letter Ridiculing Mr. Myers' Interview in This City. Messrs. Mershon and Bennett Deny that They Were Appointed to Pay Political Debts. Brunswick. Ga. July 18. -Herman Myers of Savannah, who was quoted as making sensational statements as to the reasons why Controller Eckels appointed Joe Bennett receiver of the Oglethorpe bank and Judge Martin Mershon attorney for the bank. was confronted with these statements to-day and flatly denied making them. He says that he did not use language ascribed to him in reference to these gentlemen. Mr. Myers went over the bank's assets this morning and when he finished Receiver Bennett requested a statement regarding the interview, obtaining a full and complete denial from Mr. Myers. The denial was made in the presence of Mr. Myers' attorney, Judge Spencer Atkinson. Judge Martin Mershon, Receiver Joseph Bennett and Book Keeper E. D. Walter. The Times this morning publishes an extremely sarcastic letter from an unknown person, ridiculing Mr. Myers' interview with the MORNING NEWS reporter. Mr. Myers said on the train to-night that he would reply to this in Savannah. DIDN'T REFLECT ON THE BRUNSWICK MEN. Mr. Myers claims that he did not say anything to reflect on Messrs. Bennett or Mershon. He says Mr. Bennett makes a good receiver. Judge Mershon says that so far as his appointment as attorney is concerned. it was not the result of political obligations or of any application from himself, and that his name was not proposed by Congressman Turner or any one interested in politics in the Eleventh district. He disclaims that Mr. Turner or any other man is indebted to him politically, or that he has ever asked Mr. Turner or any other living man for this or any other position connected with politics. Receiver Bennett says his appointment was not in payment of any political debt, and he can prove it. At a meeting to-night of the depositors of the Brunswick State Bank, a committee was appointed to present a petition to Judge Sweat to allow the depositors to examine the books to ascertain the assets and liabilities.
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DID NOT DENY THE CHARGES Mr. Myers Reiterates His Statements About Mr. Eckels. He Did Not, However, Charge Mr. Bennett With Being Responsible for the Appointment of Judge Mershon-Mr. Myers Says the Interview With Mr. Eckels Fully Confirms His Position That the Appointments Were Controlled By Politics. Mr. Herman Myers returned yesterday from Brunswick, where he went to examine the accounts of the Oglethorpe National Bank, in view of the proposition which may come from the solvent stockholders to take up the bank's assets and liabilities and re-organize the institution. Mr. Meyers says his examination was very satisfactory SO far as it was carried, but he says he is waiting for a number of statements and other information which are to be sent him before he can make his report, to the solvent stockholders whom he, Colonel Garrard and Mr. J.P. Williams represent as a committee. [The entire business will be looked into by this committee and if the bank's affairs are found in a condition to warrant such action. the stockholders may make a proposition to Controller Eckels to that effect. DID NOT DENY THE STATEMENTS. Mr. Myers was asked in reference to the statement sent out from Brunswick that he had made a denial of the charges published in an interview with him in the MORNING NEWS last Monday. It was reported that he had made a full and complete denial of the charges in the presence of his attorney, Judge Spencer Atkinson, Judge Mershon, Receiver Ben nett and Book Keeper E. D. Walter. "That statement was false," said Mr. Myers. "I denied nothing in the interthe with of exception view, one statement accredited to me to the effect that Judge Mershon was appointed counsel to the receiver by Mr. Bennett. I said that the agreement was that Judge Mershon was to be appointed, by whom do not know. But of the fact that his appointment was to follow and that he was promised the attorneyship, I am positive that I have sufficient proof. 'As to the other statements in the interview in regard to the appointment being controlled by politics and the hasty action of Mr. Eckels in levying a 75 per assessment, they were entirely correct. and I reiterate them. I say again that the stockholders are not at all satisfied with Mr. Eckels' action in the matter. CONFIRMS HIS STATEMENT. Mr. Myers called attention to an interview with Comtroller Eckels which appeared in the Atlanta Journal of Tuesday afternoon. The statement charged that Mr. Myers was an applicant for the receivership. This is a mistake, as Mr. J. P. Williams said in his interview the name of Mr. Myers was suggested to the Comtroller by himself as a business man who he knew would be acceptable to the other stockholders. Mr. Myers, however, could not have given his entire Mr. time to the work and Mr. Eckels refused to appoint him. Myers himself was never an applicant. Continuing his interview, Mr. Eckels says: "On recommendation of Representative Turner, reinforced by the indorsement of Secretary Smith, I appointed Mr. Bennett. Upon further indorsement by Secretary Smith, Judge Mershon, a lawyer of excellent standing, was named as counsel. "A plainer admission of the charges I make," said Mr, Myers "with regard to the above statement could not be desired. I said that the appointment was controlled by politics and this practically amounts to an admission of that statement. "If Mr. Eckels wanted to regard the wishes of the stockholders at all he should have appointed a receiver who, for reasons which have been given before, I would have been acceptable to them. repeat that it is a dangerous precedent and it will certainly prove injurious to national banks and their stockholders if their policy is to be controlled by politics instead of business methods.
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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.