Article Text
Bank Assignment. JACKSONVILLE (Fla.), Aug. 14.-The bank of Leesburg, Yager Brothers pro. prietors, assigned to-day. Liabilities, $40,000; assets, $90,000. The withdrawal of deposits forced it to shut down.
Bank of Leesburg (Leesburg, FL)
Episode Information
- Episode UID
3877939991124- Episode Type
- Run → Suspension → Reopening
- Bank Type
- trust
- Bank ID
-
387793999hash - Start Date
- August 14, 1893
- Location
- Leesburg, Florida (28.811, -81.878)
Metadata
- Model
- gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
- Short Digest
68483f8232e73e9c
Response Measures
None
Events (3)
1.
August 14, 1893
Run
- Cause
- Macro News
- Cause Details
- Steady withdrawal of deposits amid the broad 1893 financial stringency/panic; articles link situation to general condition of the country.
- Measures
- None specified beyond continued payments until assignment; heavy withdrawals preceded assignment.
- Newspaper Excerpt
- The withdrawal of deposits forced it to shut down.
- Source
- newspapers
2.
August 14, 1893
Suspension
- Cause
- Bank Specific Adverse Info
- Cause Details
- Bank made an assignment (shut down/ceased operations) after withdrawals; assignment indicates insolvency process though assets exceeded liabilities on paper; immediate trigger was deposit withdrawals forced shutdown.
- Newspaper Excerpt
- The bank of Leesburg, Yager Brothers proprietors, assigned to-day. Liabilities, $40,000; assets, $90,000.
- Source
- newspapers
3.
November 2, 1893
Reopening
- Newspaper Excerpt
- The bank of Leesburg ... which suspended August 14, resumed business this morning, and will pay depositors in full within eight months or sooner. It is a private bank, operated under the general banking statutes of Florida.
- Source
- newspapers
Newspaper Articles (13)
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NOT DUE TO BAD MANAGEMENT. Failure of Josiah Morris & Co. Has No Bad Effect-Other Failures. MONTGOMERY, ALA., August 14.Business opened here as usual to-day, the assignment of Josiah Morris & Co. producing no run on any other bank, and there is no apprehension of such a thing. B. Trimble & Co., private bankers, assigned. Their business is small, and the assignment created no excitement or trouble. The entire business element and community are receiving the clearing house certificates. A meeting of the depositors of Josiah Morris & Co. was held in the records court-room at 11 o'clock. Hundreds were present, including nearly every prominent business man in the city, and many from outside. It was the unanimous expression of opinion that the assignment was due to the general condition of the country, and not to any bad management of the banks. Resolutions, without any opposition, were passed, expressing confidence in ability and integrity of F. M. Billing and B. J. Baldwin, bank owners, and in abundant ability of the bank to discharge all indebtedness in a short time. Committees were appointed to investigate the condition of the bank, and to formulate plans by which its owners could take place of assignees and straighten up its affairs. Not a dissenting voice was made to this programme, and the committee is to report Thursday. It is believed that the situation is really only a suspension, and not a failure. All leading business men are confident that the proposed plan will go through, and that Billing will quickly be put in charge of assets, and that in a short time the bank will resume. SPRINGFIELD, MO., August 14.-The Bank of Springfield, with a capital stock of $100,000, failed to open its doors this morning. The St. Louis and San Francisco rallroad generally had a large deposit in this bank. JACKSONVILLE, FLA., August 14.The bank of Leesburg, Yager Brothers proprietors, made an assignment to-day. Its liabilities are about $40,000, and as+ sets fully $90,000. A steady withdrawal of deposits during the past ten days forced it to shut down. Depositors will be paid in full, but it will take a year or more to realize on assets. Business Embarrassments CINCINNATI, OHIO, August 14.-May Brothers & Co., wholesale dealers and manufacturers of clothing, 90 west Pearl street, assigned this morning. Assets and liabilities about $100,000. CHICAGO, ILL., August 14.-The A. R. Beck Lumber Company, with yards and offices in South Chicago, assigned this morning to the Equitable Trust Company. The assets are placed at $511,000; liabilities, $250,000.
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IN FINANCIAL STRAITS. Yesterday's Record of Bank and Business Failures RUTLAND, Vt., Aug. 14.-S. M. Dorr & Sons, who did a western bond and mortgage brokerage business here and ran a bank in Bristol, this state, filled petitions in insolvency today. Their liabilities are $142,875, with assets of the nominal value of $241,415. JACKSONVILLE, Fla., Aug. 14.-The Bank of Leesburg, Yager Brothers proprietors, assigned today. Liabilities, $40,000; assets, $90,000. The withdrawal of deposita forced it to shut down. SEDALIA, Mo., Aug. 14.-The Bank of Springfield, with a capital of $100,000, failed to open doors this morning. It is thought the bank will come out all right. BOSTON, Aug. 14.-W. H. C. Badger & Co., furniture manufacturers, have assigned. Liabilities, $100,000; assets, about $125,000. CHICAGO, Aug. 14.-A. R. Bach, a lumber dealer, with yards and offices in South Chicago, a-signed this morning to the Equitable Trust company. Assets, $511,000; liabilities, $250,000.
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Telegraphicalities. Greggains knocked Creedon out in the fifteenth round at Roby, Ind., last night. The Bank of Springfield, Mo., capital $100,000, failed to open yesterday morning. The daughter of ex-Attorney-General Garland has mysteriously disappeared from her home, in Washington city. The steamer Annie Paxon blow up yes. tèrday at Wade's Bar, near Portland. Ore., four persons being killed and a number wounded. The bank of Leesburg. Fla., Yaeger Brothers, proprictors, made an assignment yesterday. Liabilities, $40,000 and assets iully $90,000. Archbishop Satolli, Papal Legate to the United States. left Washington vesterday for New York to pay his much-discussed visit to Archbishop Corrigan. The Crescent Mills, at Denver, Col., the largest flouring-mills in the West, were burning at last accounts. The loss in consequence will be over $300,000. The A. R. Beck Lumber Company. Chicago, assigned yesterday morning to the Equitable Trust Company. The assets are placed at $511,000. the liabilities at $250,000. An unknown child perished in the Minneapolis fire of Sunday night, elsewhere reported. and Thomas Fallon lost his life from heart-failure due to excitement. W. F. Buchanan. president of the Coke county and Sutton county banks. Texas, that suspended a few days ago. was ar. rested yesterday, charged with embezzlement. May Brothers & Co., wholesale dealers in and manufacturers ot clothing, 90 west Fearl street, Cincinnati, assigned yesterday morning. Assets and liabilities about $100,000. Owing to the lateness of the hour when the Federal Senate adjourned yesterday the Republican caucus was postponed subject to the call of the chairman. Mr. Sherman. J. W. Storey, a white man employed as woodsman at a turpentine camp, was found murdered Sunday night on the outskirts of Lake City, Fla. He formerly belonged in Dooley county. Ga. The bodies of Mrs. George Reif, Miss Wagner. and Miss Nellie Webber, victims of Sunday's drowning disaster at Chattanooga, have been recovered. The body of Mrs. Charles Reif has not yet been found. At high noon yesterday a daring thief stole a bag containing $10,000 in gold which was lying at the window of the recelving teller of the First National Bank, of St. Paul, Mino., and escaped before any sort of pursuit could be organized. The Anchor-Line steamer Karamania. which arrived at New York August 3d, and which took the first case of cholera to that port this season, was released from quarantine yesterday morning and proceeded to her dock, having been thoroughly cleansed and disinfected. Three notable bills were introduced in the Federal Senate yesterday as follows: Mr. Hill, of New York, offered a very brief bill repealing the Federal election laws; the repeal, however, not to affect any proceeding or prosecution now pending under said act: Mr. Butler, of South Carolina, introduced a bill repealing the State-bank tax, and Mr. Peffer. of Kansas, introduced a bill providing for the issue of $300,000,000 of fiat money. exchangeable for government bonds at par.
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TELEGRAPHIC BREVITIES. Archbishop Satolli has gone to pay a visit to Archbishop Carrigan. Senator Butler of South Carolina has introduced a bill repealing the state bank tax. Fire at Pontiac, III., destroyed a brick public school valued at $30,000; insured for $16,760. The Vigilant won the run from Newport yesterday, beating the Jubillee and the Colonia two miles. In London yesterday, settlement passed off quietly. There is great scarcity of American railroad securities. The Republican senatorial caucus was postponed yesterday owing to the lateness of the Senate adjournment. W. H. C. Badger & company, furniture manufactures of Boston, have assigned. Liabilities, $100,000; assets about $125,000. The bank of Springfield, Mo., with a capital of $100,000 has failed. It is thought the bank will come out all right. John W. Mackay's condition has improved, and he probably will be able to leave the house in a few days. All danges is past. The anchor line steamer Karamania was allowed to proceed to union stores, Brooklyn, this afternoon to discharge her cargo. At Pottsville. Pa., the Hammond Colliery. breaker burned last night. Loss $150,000. Seven hundred men are thrown out of employment. A London telegram says the reports current in America that the queen has been stricken with paralysis is entirely without foundation. Senator Pfeffer of Kansas introduced a bill in the Senate for the issue of $300,000,000 fiat money exchangeable for government bonds at par. During a review of troops in Moabet barracks by Emperor William yesterday the wall of a building collapsed and seven people severely injured. At Milwaukee, another international bicycle meet began yesterday. Zimmerman won the half mile open in 1:13 3-5, and the mile international in 2:19 1-5. Sixteen hundred miners quit work in the mines of the Kansas & Texas company at Huntington today. Trouble is charged to agitation of the Kansas strikers. The Bank of Leesburg, Fla., Yager brothers, proprietors, has assigned. Liabilities $40,000, assets 90,000. The withdrawal of deposits forced it to shut down. A. R. Bach, a lumberman of Chicago, with yards and offices in South Chicago, has assigned to the Equitable Trust company. Assets, $511,000; liabilities, $250,000.
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the esodo (0 asumidro HOUSOCT company. GRAND RAPIDS Mich., Aug. 10 Rather than shut down entirely the furniture manufacturers in this city have determined to re duce the hours of work to eight and the working days in the week to five. The demand for E 07 Allenen SI 4 ITM third of the entire product, is scarcely nominal this season, and the Eastern and Southern trade is much reduced, leaving the actual demand little more than half the normal supply. B₃ re. ducing the hours of work it is hoped to give employment to all who have families to support for several months come. 04 VERNON, Texas. Aug. 11 -A district court has appointed a receiver for the Espula Land and Improvement Company. The company owns sixty thousand acress of land and thirty five thousand head of cattle. WHITE PLAINS, N. Y, Aug. 11.-Because of the tight money market. Bloomingdale Asylum workmen will not receive their two weeks' pay tomorrow. WOONSOCKET, R I., Aug. 11.-The Social Manufacturing Company, the largest and wealthiest cotton concern here, will next week begin to pay its help in checks drawn on the Clearing House at Providence SPRINGFIELD Mass Aug. 11 -The directors of the United States Whip Company voted last night to shut all the factories in the whip syndicate until August 28. The shut down is occasioned by the inability of the companies to dispose of their goods. COLORADO SPRINGS, Col. Aug. 11.The Broadmoor Land and Investment Company has gone into the hands of a receiver. The International Trust Company, of Denver, was appointed receiver at the request of the New York and London Investment Company, the principal creditors. The assets are $500,000 and the liabilities are 000 092$ NASHVILLE, Tenn, Aug. 11. The run on the Fourth National Bank was resumed. but the line of depositors was small. The bank continued to pay all checks presented up to half past eleven o'clock, when it was decided to pay all checks up to $100 and give certified checks for balances above this amount. MARSHALLTOWN, Iowa, Aug 11.The Hamilton County State Bank of Webster City closed its doors to day. The impossibility of making sufficient collections to meet the present demand of depositors was the onlise of suspension The assets are reported at $145, 000, the liabilities at $130,000 BELLEFONTE Aug 11 -The Valentine Iron Company will to morrow close down all their mines for an in definiteperiod. Thisaction will throw JO no new perpuny 00.141 atat enour employment AMSTERDAM, N Y., Aug 11.-The Stewart Knitting Mills will close on Saturday night Mr. Stewart says the uoo the se uces SC uedo 0.1 IIIM smills ditions of the market warrant such a course. The Liddle Knitting and Green Knitting Companies' mills have shut down. The mill of Gardiner & Warring will shut do vn when when the goods now in process of manufacture are run out EAST LIVERPOOL, Aug. 11.-The twenty nine potteries in this city have been slow to feel the ffects of the stringency of the money market, but within the past few days most of them have begun to realize that they cannot longer keep in operation except at a loss. It is probab there will be a general shutdown within the next few weeks, throwing not less than three thousand persons out of work. Knowles, Taylor & Knowles, employing seven hundred men, have already closed down. MONTGOMERY, Ala, Aug. 14.-E. Timble & Co., private bankers, have assigned. Their bank is small. SPRINGFIELD, Mo., Aug. 14 -The Bank of Springfield, with a capital of $100,000, failed to open this morning. O'NEILL, Neb., Aug. 13 Friday, Aug. 4, Barrett Scott, County Treas urer of Holt county, left O'Neill for Sioux City. His continued absence and the fact that less than $20,000 of the $90,000 which should be on hand in the banks of the county, and $15,000 of that in the defunct Holt County Bank, forces the belief that he has ab sconded. MONTGOMERY, Ala., Aug. 14,-Busi ness opened here as usual to day, the assignment of Josiah Morris & Co. pro ducing no run on any other bank, and there is no apprehension of such a thing. B. Trimble & Co., private bankers, assigned. Their business is small, and the assignment created no excitement or trouble. The entire business element and community are receiving the clearing house certificates. CINCINNATI, O., Aug. 14 -May Bros. & Co., wholesale dealers and manufacturersof clothing, 90 West Pearl street, asssigned this morning. Assets and liabilities about $100,000. JACKSONVILLE, Fla., Aug. 14.-The bank of Leesburg, Yáger Bros., proprietors, made an assignment to day. Its liabilities are about $40,000, and assets fully $90,000. A steady withdrawal of deposits during the past ten days forced it to shut down. Depositors will be paid in full, but it will take a year or more to realize on assets. PULASKI, Tenn., Aug. 14. The Peo ple's Bank, the Citizens' Bank and the Commercial Bank and Trust Company
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THE NEWS IN BRIEF. The Latest Happenings Condensed and Printed Here. In 1880, William Garren,was convicted of horse stealing in Henderson county, N.C., and sentenced to ten years' imprisonment. He escaped and settled at Walking Rose, Ga, where he became one of the "leading citizens," and served as a policeman. He returned to North Carolina on a visit five years ago and was arrested and sent back to prison. The Governor has just pardoned him. The State Farm at Roanoke, N. C. employs more than 800 convicts who have under cultivation 6,000 acres. There will be an enormous crop this season. The cornfield contains about 2,000 acres, and will yield about 100,000 bushe's; the cotton.crop will be about 1,0.0 bales. More than 8,000 bushels of wheat have been harvested, and the pea crop will amount to about 10,000 bushels. The bank of Leesburg, Fla, Yager Bros., proprietors, assigned Monday. Its Fabilities are about $40,000 and assets fully $90,000. The valuation of Georgia property, as assessors, falling reported off by of the $12,000,000. State The estimates shows a were funds on high, were based and the prospective increased receipts school from taxation. The reduction in returns from taxes indicated Ly the assessors' reports will have a serious effect on the schools of the State. Pat H. Mehan shot and killed Robt. McBride, president of the cotton seed oil mills at Newnan, Ga. Mehan claims McBride insulted his wife. The steamier San Juan caught fire of the Chinese coast. Chinamen on board (l'mbed into the rigging where the flames followed them until some dropped to the deck while others leaped ov. rboard and were devoured by sharks Some took t life boats and so overcrowded them this the sharks leaped up from the waters and caught their victims. The pauic was frightful. One hundred and, eighty-two live3 were lost. The Victoria furnace at Goshen, Va, is preparing to blow ont. It will only be operated long enough to manufacture the pres nt supply of ore, which will require about a month Low prices and gen ral stagnation in the iron trade are the reasons given for ceasing operations. The plant employs more than 100 men. The first two bales of Sea Island cotton were received last week at Savannab, Ga., on Friday last, one consigned to W. W. Gordon & Co. and the other to Butler & Stevens. They were at once samp!cd and placed on sale at the cotton exchange. Two building and loan associations in Athens, Ga., have been placed in the hands of a receiver. A Georgia legislative committee, appointed to consider the question of enlarging the State lunatic asylum, will recommend that $120,000 be appropriated for erecting new Luildings to accom modate 600 additional patients. No action will be taken until the next session of the legislature on the recommendation. Industrial developement proceeds apace in the South, despite adverse conditions due to financial stringency. The Chattanooga Tradesman reports that for the week leading August 14 there had been incorporated 33 new industries, intwo cotton several cluding wood large working plants, seed oil .tobacco mills, factories, tanneries, cotton mills and other enterprises denoting a continued diversification of the elements of pro duction. Committees of the various St. Louis labor associations begun Saturday, to urge all unemployed workmen coming into the city to proceed to Washington and make a demonstration before Congress. It is said that 5,000 workmen will gather there. Judge Brook, in the corporation court at Norfolk, has granted a charter to the Virginia Farmers' Insurance Co. The purpose of the company is to conduct the fire and marine insurance business with the to establish principal branch office in offices. Norfolk The and capital power stock of the company is to be not less than $25,000 nor more than $100,000. RAMMED BY A WAR SHIP. The Ill Luck of a Steamer from Coosaw, S. O. LONDON.--'] British cruiser Forth rammed the British vessel Kirkby, Capt.
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SERIES. UNION C. H., SOUTH CAROLINA, FRIDAY, AUGUST 25, 1893. THE NEWS IN BRIEF. A DISASTER ON THE TENNESSEE. OUR WORLD'S FAIR LETTER. THE BOTTOM NEARLY REACH The Latest Happenings Condensed Three Ladies and a Little Girl DrownIt Appears That Nearly All the CHICAGO, ILL, Aug. 17, 189 and Printed Here. ed While Pleasuring. of the Country are Closing The Agricultural Department contains In 1880, William Garren,was convicted CHATTANOOGA, Geo. Reif, NEW ORLEANS, LA.-On account the raw materials of manufacture, of horse stealing in Henderson county, wife of the president of the Chattanooga c ton, wool, silk, and the fibres, as well as scarcity of currency, Maginnis N. C., and sentenced to ten years' imBrewing Company, Mrs. Chas. Rief, wife mills have closed. the dyeing stuffs; Machinery Hall conprisonment. He escaped and settled at of the secretary and treasurer of the tains the mechanism of the latest inLAWRENCE, mills of Walking Rose, Ga., where he became one Chattanoogs Brewing Association, Miss ventions for manufacturing, while the gressman Stevens & Socs at North of the "leading citizens," and served as Lena Wagner, sister of Mrs. Chas. Reif, Manufacturers' and Liberal Arts Builddover, Andover, and Haverhill wil a policeman. He returned to North and Nellie Weber, the four-year-olu ing has the goodsin finished form, ready down for an indefinite period afte Carolina on a visit five years ago and was daughter of Chas. Weber, traveling audi for market. The exhibits are varied week. The firm is among the la arrested and sent back to prison. The tor of the Chattanooga Brewering Compand afford of opportunities for all classes individual wool manufacturers in Governor has just pardoned him. any, were drowned in the Tennessee United States. to study the advancement in mechanics, The State Farm at Roanoke, N. C., River, about six miles from Chattanooga. arts and sciences. WOONSOCKET, R. I.-The Hamlet employs more than 800 convicts who The steamer R. C. Gunter carried the D.sappointment is at once felt by ton Mills, in this city, Frank Il have under cultivation 6,000 acres. There Magnolia Pleasure Club up the river for Southern visitors at the absence of maproprietor, en.ploying 200 persons will be an enormous crop this season. a day's outing. A dancing barge was chinery for the manufacture of cotton closed for two weeks. Occupants d The cornfield contains about 2,000 acres, lashed in front of the steamer. The yacht goods. Cotton is the South's agriculmill tenements will be charged no and will yield about 100,000 bushels; Eva, owned by Carl Painter, conveyed king, though only three firms:make during this period. the cotton crop will be about 1,000 bales. her owner and three male friends, keepexhibits of machinery for cotton manAMESBURY, have More than 3,000 bushels of wheat have ing about one hundred yards in advance ufacture, and these are from Eng received at the Hamilton Mills to been harvested, and the pea crop will of the steamer all day. Mr. Painter's land, by the Petter & Atherton Machine only every other week until fi amount to about 10,000 bushels. guests were taken on the barge in the notice. Co., of Pawtucket, R. I., the Kitson The bank of Leesburg, Fla, Yager afternoon, and a party of ladies and Machine Co., and Lowell Machine Co., SPRINGFIELD, Mass.--Th dire Bros., proprietors, assigned Monday Its gentlemen went on board the Eva. of Lowell, Mass. labilities are about $40,000 and assets of the United atcs Whip Com About 4:30 p m. the party signalled However, as a practical New England fully $90,000. voted to shut down all the factor the Gunter to slow down to make another remarked the other day, there has been the whip syndicate until Aug. 28, The valuation of Georgia property, as transfer of the yacht's passangers to the no time in the history of the textile inreported by the State assessors, shows a cause of to d'spose of goo barge. The yacht WAS brought up to the dustries of this country when We have falling off of $12,000,000. The estimates y NORWICH. CONN. -The Clinton barge with her prow to the barge's bow. been obliged to depend upon devices of were high, and the prospective school en Mills Company at Bein Hill The steamer's course was not wholly arforeign make, as being superior to our funds were based on increased receipts rested, and the yacht was quickly drawn posted notices stating that the mill own, for weaving. The best principles from taxation. The reduction in returns be closed for two or three weeks. under the barge. Ed. Ransom, Carl that have been introduced into the from taxes indicated Ly the assessors Painter, Charles Reif and Mrs. Charles AMSTERDAM, N. Y.-The St weaving of fabrics on power looms have reports will have a serious effect on the Weber were rescued by the steamer's Knitting Mills closed on Saturday bren the inventions of American meschools of the State. boat. None of the others came to the Mr. Stewart says the mills will reo chanics. The loom perhaps, is the only Pat H. Mehan shot and killed Robt. surface, and their bodies have not yet soon as the conditions of the market machine used in our textile milja which McBride, president of the cotton seed been recovered. It is thought they were rants such a course. The Liddle has never been obliged to call upon oil mills at Newnan, Ga. Mehan claims caught under the yacht as it capsized. ting and Green Knitting Comp foreign ingenuity for improvement. On McBride insulted his wife. mills have shut down. The m the other hand, our looms have been imThe steamer San Juan caught fire ofl Gardinor & Warring will shut itated extensively by foreigners, and to. the Chinese coast. Chinamen on board A TOWN MAKES ITS OWN MONEY. when the g beds now in process of day the best looms in England and on climbed into the rigging where the flames ufacture are run out. The No. 1 Columbus Cotton Mills Issue Certifithe continent are those patterned after followed them until some dropped to the ting mill of Warren, De Forest & cates of Indebtedness which the American inventions. deck while others leaps a ov rboard and Banks and Merchants Acclosed for an indo finite time. The Cotton, in its varied forms, crop3 out cept Currency. were devoured by sharks. Some took to ploy 300 hands in this mill. Ther on all hands at the Exposition. Near life boats and so overcrowded them that COLUMBUS, GA.-A large and enthunearly 4,000 people now out of ein the central section in the Agricultural the sharks leaped up from the waters and iastic meeting of the board of trade was ment in this city. The Salisbury Department, the seed of cotton shows held to consider the financial situation. caught their victims. The panic was and the Lee Manufacturing Com its importance in connection with the frightful. One hundred and. eighty-two Business men, not members of the board, have reopened, they employ less live3 were lost. advancement of cookery. Science were a'so invited. Considerable har 150 hands. struck the kitchen and added another mony was manifest.d. The Victoria furnace at Goshen, Va, NORTH ADAMS, Mass.-The A merit to cotton seed. The exhibit re. Besolutions were adopted urging Georis preparing to blow ont. It will only Print Works, the largest mills in ferred to is that of cottolene, by N. K. gia's Senators and Representatives to be operated long enough to manufacture town, together with the Beaver Fairbank & Co., of Chicago. Cottolene work for the unconditional repeal of the the pres nt supply of ore, which will reEclipse Mil's of Gallup & Houghto in the simple preparation of cotton seed Sherman silver law, also requesting the quire about a month Low prices and this town, the Williamstown Manufa oil and beef fat, a pale yellow material, Columbus Clearing House Association to genera stagnation in the iron trade are ing Company in Williamstown, an of the consistency, texture and substance issue certificates and approving the action the reasons given for ceasing operations. North Pownal Manufacturing Com of lard, approximating at times the The plant employs more than 100 men. of the cotton mills of the city in issuing at North Pownal, Vt., mills which color of natural butter, having neutral The first two bales of Sea Island cotton certificates to be taken in payment of cloth for the Arnold Print Works, flavor to the taste, and endorsed by debts for the next sixty days. The banks were received last week at Savannab, down indefinitely Saturday night. French chefs and skilled teachers of will take these certificates and merchants Ga., on Friday last, one consigned to W. than 2,000 employees are affected. cookery everywhere. Every day at this W. Gordon & Co. and the other to Butpledge themselves to accept them as curA. O. Houghton, President of A exbibit a half dozen merry and pretty rency. Print Works, says: "In view o ler & Stevens. They were at once sampmaids serve free to the vast and eager This will afford immense relief to the unsettled condition of the business led and placed on sale at the cotton exmulitudes delicious hot cakescooked on people and will enable the mills to run country, we have decided to close change. the spot with cottoloene, asserting to all on full time and employ a full force. Two building and loan associations in mills until the situation improve another instance of the increasing and Congress should take decisive actio Great gratification is expressed generally Athens, Ga., have been placed in the practical utility of the cotton plant at this action of the board. hands of a receiver the situation should clear up we V The Associated exhibit of American [A permanent system somewhat on start up immediately." A Georgia legislative committee, apwool manufacturers shows the products this plan has been for a long time in The mills have been run on ful pointed to consider the question of enof 105 mills situated in 21 states. This vogue at Mt. Holly, N. C., in the larging the State lunatic asylum, will with nearly all Help until the pr 18 a noteworthy exhibit of enterprise on mills of A. P. Rhyne & Co., viz: The recommend that $120,000 be appropriattime in the hope that times would the part of the woolen mills, which disTuckaseege Mill, the Albion Mill, and ed for erecting new Luildings to accom prove. play fairly the products of the woolen the Mt. Holly Mill. Brass checks are modate 600 additional patients. No -The Henrietta Mills, Ruth textile industry. Three Southern mills action will be taken until the next sesgiven in payment of wages. These pass for county, N. C., are now running O1 are represented, the Mississippi Mills, currency among the operatives and at sion of the legislature on the recomtime. Wesson, Miss., Alden Knitting Mills, mendation. the local stores. The company exchange3 NEW BEDFORD MILLS START UP New Orleans, and the Charlottesville these checks for cash upon request. This NEW BEDFORD, Industrial developement proceeds Woolen Mills, Charlottesville, Va. The system certainly puts more money into apace in the South, despite adverse consutta mills started up Monday in ao Mississippi Mills exhibit woolen and circulation at Mt. Holly and could be ditions due to financial stringency. The ance with their plan to run a we cotton fabrics-cassimeres, cheviots, emulated with success at other places.and a week off, which was anno Chattanooga Tradesman reports that meltons, fine jeans, fancy shirtings, EDITOR.] when the mills were closed last y for the week ending August 14 there had dress goods, checks, plaids, cottonades been incorporated 33 new industries, inThe situation is so much improved, and hosiery. The Alden Mills exhibit The Man That Women Like. ever, that it is thought that it wi cluding two large cotton seed oil mills, cotton, cassimeres, wool, and silk seamAn English magazine lately offered be necessary to close up at the en several wood working plants, tobacco less half hose, fivest gauge and richest a prize for the best answer to the factories, tanneries, cotton mills and next week. In nearly all the mi stock. The Charlottesville Mills display question, "What kind of a man does town with the exception of the Poto other enterprises denoting a continued dark and sky-blue and cadet grey melwoman most admire?" Here is the mills work will be gradually diversification of the elements of pro tons and doe skins, fine kersey and Venduction. sumed, beginning Monday. The winning answer: "The man must inetian overcoatings. The goods covered Committees of the various St. Louis Manufacturing Company, manufac terest by uncommonness, either in by the exhibit of the American wool of fine yarns, employing 575 hands labor associations begun Saturday, appearance or manner, or he must manufacturers represent every considerposted notices that the mills would to urge all unemployed workmen comhave the indescribable quality called able branch of the domestic wool manshut down for the rest of the charm. He must know his own mind ing into the city to proceed to Washufacture, showing the products of the Work will be resumed Monday. ington and make a demonstration before and steadily work thereto, even to smaller mills as well as the very largest. Congress. It is said that 5,000 workmasterfulness. He disregards 'they Massachusetts leads with 26 mills, then PRESIDENT EINSTEIN'S INTERPRET men will gather there. say, and is not one of a herd. His comes New York with 13, Connecticut OF THE MESSAGE. Judge Brook, in the corporation court friends are mon-not women. He is 11, Rhode Island 11, Pennsylvania 10. Of SOMERVILLE, N. J.-David L. at Norfolk, has granted 8 charter to the the 105 mills fifteen are manufacturers of only once deceived by the same perstein of New York is President o Virginia Farmers' Insurance Co. The purson. His perhaps hasty temper never hosiery and knit goods, utilizing wool, company operating the large W pose of the company is to conduct the cotton and silk. The mills include many runstounkindness. Heneedssympathy mills in Raritan, one mile above fire and marine insurance business, with which have been in existence almost and solace in sometimes divine disin which about eleven hundred the principal office in Norfolk and power from the opening of the century, and content. He abides under no failure, are employed. The mills are the to establish branch offices. The capital others which have begun operation withbone of the town of Raritan, as but goes on. His occasional want of stock of the company is to be not less in a comparatively few years. Of the every person in the place is in som success only attaches and rivets his than $25,000 nor more than $100,000. present exhibitors 33 were als exbib determination." supported by them. The mills itors at the Centennial Exposition in RAMMED BY A WAR SHIP. Bi-Metallism in House of Commons. 1876. been running on full time up t W. S HEMBY.
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A. Good Indication From Florida. JACKSONVILLE, Fla., Nov. 2.-The bank of Leesburg, Yager Brothers, proprietors, which suspended August 14, resumed business this morning, and will pay depositors in full within eight months or sooner. It is a private bank, operated under the general banking statutes of Florida.
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Telegraphic Brevities, FORT WAYNE, IND., Nov. 2.-A large saw mill just east of Dixon, Ohio, twenty miles east of this city, was destroyed by fire last night. The fire spread to the lumber piles extending one-eighth of a mile, and a conflagration followed; loss $200,000, PHILADELPHIA, PA Nov. 2.-The Doylestown express ran into the Germantown express on the Philadelphia and Reading railroad at Nicetown at about 9 o'clock this morning. One man was killed, and three injured. JACKSONVILLE, FLA., Nov. 2.-The Bank of Leesburg, Yager Bros. proprietors, which suspended August 14th, resumed business this morning, and will pay depositors in full within eight months or sooner. It is a private bank operated under the general banking statute of Florida.
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LEESBURG'S BANK RESUMES. Creditors to be Paid Within Eight Months or Sooner. Jacksonville, Fla., Nov. 2.-The Bank of Leesburg. Yagar Bros., proprietors, which suspended on Aug. 14, resumed business this morning, and will pay depositors in full within eight months. or sooner. It is a private bank, operated under the general banking statute of Florida.
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THE LATEST NEWS. Sparks from the Wires--Most Important Events Throughout the World for a Week. Mason & Co., Salt Lake, have failed. Liabilities $70,000. Barnett & Hetch, New York, have assigned. Liabilities $10,000. Blaidsell, & Co., dealers in cotton and wool, Chicofee, have assigned Liabilities are more than $235,000. PHILADELPHIA. Pa. Nov. 2 -The Doylestown express ran into the Ger mantown express on the Philadelphia and Reading Railroad at Nicetown at about 9 o'clock this morning. One man was killed and three injured. FORT WAYNE, Ind., Nov. 2 - A large saw mill just east of Dixon, Ohio, twenty miles east of this city, was de stroyed by fire last night. The fire spread to the lumber piles extending one eighth of a mile, and a conflagra. tion followed; loss $200,000. WASHINGTON. Nov. 2 -None of the sellers who offered silver to the Treasury yesterday. all of which was declined, responded to the counter-tender of the Treasury. So the October short purchases of silver wound up all silver purchases under the Sherman law JACKSONVILLE, Fla., Nov. 2 - -The Bank of Leesburg, Yager Bros. pro prietors, which suspended August 14th, resumed business this morning and will pay depositors in full within eight months or sooner. It is a private bank operated under the general banking statute of Florida. CHARLESTON, S C, Nov 3-A special to the News and Courier from Marion, S. C, says: Arthur Bethea, white, shot and instantly killed Press Bowen, negro, at the Marion Colored Fair this evening. Bowen was drunk and drew or threatened to draw his pistol when Bethea killed him, shooting him thr ough the heart.
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street railway, paying therefore 750,000. No monument can be erected over the of Jennings, first governor of adiana. His resting place cannot be Jean Charles Cazin, the French landand figure painter, has arrived New York and will make an exhibiof his work. The ten per cent. reduction in wages the trainmen on the East Tennessee affroad system went into effect Vednesday. The bank of Leesburg, Yager Broth proprietors, Jacksonville, Fla. rhich suspended August 14, has re In St. Paul the Methodist Foreign dissionary society, by a vote of 16 to decided to hold the next annua neeting in Baltimore. The Chinese government and the Companies will urge Chinamen to omply with the Geary law as amend Special exposition trains of the llinois Central carried 8,779,393 world's passengers and suburban traine 559,791 without loss of a life. Duncan Ross, the athlete, was fired by Fruit Peddler Constantine, in Chicago, one bullet going through his rousers. Through a prank of her brothers Daisy Berg's spinal cord was broken in closing of a folding bed, Chicago leath following. Moreton Frewen, English bimetallis in America, says if bullion fall will be a panic in London. London discount rates for the weel 2 1-2 for 90 days and 3-4 for 3 days. American railway securitie depressed. Sioux City, Iowa, is getting out of th embarrassments caused by the recen failures. Concerns are reor ganizing. Work upon the tariff line will con during the recess, and the meas will be ready when congress re assembles. Dr. Miquel, Prussian finance minister credited with skilfully shapin Chancellor VOR Caprivi's financial pol English capitalists purpose startin bank in Havana, Cuba, if the govern makes certain concessions i taxes. Mrs. Hattie Steele, of Loganspor fatally shot Michael Shockney, one o three men who tried to enter be house. A smuggler, believed to be the notor Seifert, leader of the Kootena band, is under arrest in British Co umbia. Miss Jennie A. Frew has been aware $600 damages against the city ( Pixton, III., for injuries received on defective sidewalk. The pest of small-pox has cost th of Muncie, Ind., full $200,000, an there have been 147 cases and : deaths. The quarantine established b the state board in August last has no been raised. Mme. Adelina Patti arrived at Net York by the, Lucania which made th passage in 5 days 18 hours and 54 mit Thivteen hundred soldiers are no said to have been drowned when th Brazilian transport. Rio Janerio wa sunk by the Republica of the insurger A prisoner who escaped from th Creston (Iowa) jail ten days ago ha returned to serve out his sentence. H been to the world's fair. "Bud" Lindsey, the notorious Ter nessee desperado, was shot and fatall wounded in an encounter with a dept United State marshall at Jacksbore Ky. S. Blaisdell. Jr., & Co., wholesal dealers in cotton and wool stocks a Chicopee, Mass, have failed, with lia bilities of $275,000. The firm's annua amounted to $3,000,000. Indictments have been found at Mi waukee against William Plankintor