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National Bank of Davenport Forced to Close Its Doors. WASHINGTON, Nov. 25.-The Big Bend National bank at Davenport, Wash., was closed by the comptroller of the currency today because of insolvency and a receiver appointed. The failure was due to excessive loans. The liabilities are over half a million.
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Davenport National Bank Has Closed Its Doors. Washington, D. C., -Nov. 25.-The Big Bend National Bank at Davenport, Wash., was closed by order of the comptroller of the currency today because of insolvency and a receiver will be apointed. The failure is due to excessive loans. The liabilities are over $500,000.
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The divining red, the rabbit's foot, and the fortune teller will all find their occupations gone as treasure finders if an American-English invention recently patented in London works as well as its first trial promises. According to a report received at the State Department from U. S. Consul Boyle, at Liverpool, the treasure hunter is an electrical apparatus which "emits a series of short, sharp impulses. When they meet with quartz rock or metallic lodes the waves are so modified that the listener can form a judgment where the ore bodies causing the variation of sounds are situate." Mr. Boyie writes that the Barrow Hematite and Steel Company made a trial of the ore finder that was very successful. With similar apparatus, Mr. Boyie reports, "gold has been located in Alaska and Siberia, lead in Wales, copper in Cornwall and at Coniston."
State Chairman Agnew of the Virginia republican State committee, and Committeeman Bowden, of Norfolk, were here today presumably to discuss political matters as they now exist in Virginia.
The death of Mrs. May Mosby Campbell, postmaster at Warrenton, Virginia, will, it is said here by Virginia republicans, cause a scramble for the vacancy which may result in a factional fight among the republicans, not only of Warrenton, but of the Eighth district Unofficial advices received here from what is believed to be a trustworthy source are to the effect that the Japanese are today making a supreme effort to capture Port Arthur. under orders from Tokio.
The Postmaster-General today signed a fraud order closing the mails to the correspondence of the Globe Association and A. H. Monroe, its chief officer, of Chicago. It is alleged the concern has advertised widely, the caption of its advertisements being "98c buys these $3.60 shoes. Send no money." Patrons were required to pay $2.50 entrance fees to become members of the Globe Association, before receiving the 98 cent shoes. Membership for five years entitled patrons to purchase goods at "reduced prices" but the investigation of the department led the Postmaster General to decide the establishment could not use the mails.
The Big Bend National Bank of Davenport, Washington, has been closed by direction of the Comptroller of the Currency because of insolvency, and National Bank Examiner Eugene T. Wilson has been appointed receiver. The failure of this bank is stated to have been due to losses sustained upon excessive loans, principally to mining interests with which the officers of the bank are identified. The resources and liabilities of the bank as shown by its last report of condition to the Comptroller November 10, were $574,963.44 each.
The commission at the last session of Congress to investigate the needs of the merchant marine met at the Capitol today for the purpose of hearing testimony from officials of the government. The witnesses advocated more sailing vessels, and Admiral Harrington, commandant of the Norfolk navy yard, said that if the people want a merchant marine they would have to pay for it. He could see no other remedy than that of ship subsidy.
Judge Chas. Swayne, of the Florida Federal bench, who is before the sub-committee of the House, as defendant in an impeachment hearing demanded by the State of Florida, has his traveling expense account under the lime light today. Vouchers from the Treasury showed that the Judge charged $10 a day for expenses during a trip through Alabama, Louisiana and Texas. This amount is the maximum allowed by law. W. F. Hardwick of Fort Worth, Texas, testified that the Judge in March 1897 stopped at his hotel for a day and ¾ for which he paid $6.25. He then went to Dallas, 30 miles distant, the round trip fare on the railroad being $1.25. The vouchers showed a charge of $10 a day by the Judge for expenses. Others testified along the same lines.
Germany has responded favorably to the invitation of President Roosevelt to the powers to participate in a second peace conference at The Hague. Word to this effect was transmitted to the State Department. Germany reserves the matter of date and programme for future consideration.
Archbishop Agius, the newly appointed apostolic delegate to the Philippine Islands, was at the War Department this morning for the purpose of consulting with Col. Edwards, Chief of the Bureau of Insular Affairs, on the conditions now existing in the archipelago. He announced his intention of remaining in this city pending the return of the President and Secretary of War, both of whom he desires to see prior to his departure for Manila.
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Institution at Davenport, Wash., Sustained Losses By Excessive Loans.
WASHINGTON, Nov. 25.—The Big Bend National bank of Davenport, Wash., has been closed by direction of the comptroller of the currency because of insolvency, and National Bank Examiner Eugene T. Wilson has been appointed receiver. The failure, according to a statement issued by the comptroller, is due to losses sustained upon excessive loans, principally to mining interests with which the officers are identified.
In a statement to the comptroller Nov. 10, 1904, the bank owed depositors $433,874.
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Waitsburg Academy is to have a new gymnasium.
Many Big Bend farmers are disposing of their cattle because of hay shortage.
Colville will vote on December 6, on the question of municipal ownership of its water system.
Lumbering interests will ask the legislature to pass a law requiring a standard matching system.
The University of Washington and the Unitversity of California played a tie game at Seattle Thanksgiving day. The score was 6 to 6—one touchdown each.
The Big Bend National Bank at Davenport, has been placed in the hands of a receiver. It is said the bank officials were backing a mining project.
Millmen expect a very short shut-down for the Christmas holidays. They put the limit for any of the mills at three weeks, and in most of them it will not be over a week or ten days.
Everett police officials believe that an organized gang of safe crackers is operating in the country around Everett. Within the past two weeks two safes have been blown and three attempts to rob depots have been made.
The United States civil service commission announces that examinations will be held in Seattle January 4 and 5 next for the purpose of selceting three students for the engineering course in the department of agriculture and examinations on January 18 and 19 to secure eligibles for positions as irrigation and drainage engineers.
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Washington, Nov. 26.-The Big Bend national bank of Davenport, Wash.. has been closed by direction of the comptroller of the currency because of insolvency, and National Bank Examiner Eugene T. Wilson has been apponted receiver. The failure of this bank, according to a statement issued by the comptroller, is due to losses sustained upon excessive loans, principally to mining interests with which the officers of the bank are identified.
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The Latest Happenings Condensed for Rapid Reading. Domestic. M. Delcasse, the French foreign minister, protested in the Chamber of Deputies against the criticism of the Franco-Russian alliance in the report of the committee on the foreign budget. Continuous heavy rains interfere with the inspection of the Panama Canal zone by the American congressional party. The members had a conference with President Amador. Samuel Gompers was re-elected president of the American Federation of Labor, only one delegate in the San Francisco convention, a socialist leader, voting against him. Mrs. Rosie Lusander, aged 25 years, wat shot and killed in Philadelphia by her husband, to whom she had been married but two months. The body of Mrs. Emma Brigham, of Leicester, Mass., was found in the woods covered with leaves. She had been murdered. Arrangements have been made for beginning the work of dismantling the World's Fair promptly on December I. Frank Brady, against whom several charges were pending, was shot and killed by officers at Rock Creek, near Bonita, Mont. The Big Bend National Bank of Davenport, Wash., was closed by direction of the Comptroller of the Currency. Mrs. Maria B. Wilkes, the oldest actress in the country, died in the Prince of Peace Hospital in Philadelphia. The National Grange decided in Portland, Ore., to hold the next annual session in the State of New Jersey. Otis Loveland was electrocuted in Columbus, O., for the murder of Geo Geyer, a farmer, near Alton. By the overturning of a patrol wagon in New York several policemen were seriously. injured. The Union Pacific Railroad is reported to have bought the Chicago Great Western. Frank Duncan, a notorious safeblower, was hanged in Birmingham, Ala., for murder. The United States South Atlantic Squadron sailed from Rio Janeiro for Bahia. A fire in a Chinese tenement in New York caused something of a panic. A Confederate monument was unveiled in Eufaula, Ala. James Wallace, who was secretary to James Breitung, of Marquette, Mich., and who was accused of stealing $30,000 worth of securities from him, was arrested in Liverpool. The American barkentine Webfoot, waterlogged and dismasted. arrived at Astoria, Ore, with three of her crew missing and the survivors exhausted. Col. William Moore, once prominent in Tennessee politics, died at his home, in Nashville, Tenn. He was 74 years old. The apartments of Prince Fushimi were robbed while the Prince and his attendants were at the World's Fair. Milt Shaw, a prominent lawyer, of Hickman, Ky., shot and killed his uncle, Robert Buck. The plea is selfdefense. Four men were drowned from a rowboat while being ferried from Port Huron, Mich., to Sarnia, Ont. - The congressional committee has arrived at Panama to make a study of canal conditions. The grand jury of Tonawanda. Pa.,
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THE Big Bend National Bank, at Devenport, has closed its doors, by direction of the Comptroller of the Currency, and Bank Examiner E. T. Wilson has been appointed Receiver. The failure is attributable to losses on loans, principally in mining property with which the officers of the bank are identified.
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Washington, Nov. 26.-The Big Bend national bank of Davenport, Wash., has been closed by direction of the comptroller of the currency because of insolvency, and National Bank Examiner Eugene T. Wilson has been apponted receiver. The failure of this bank, according to a statement issued by the comptroller, is due to losses sustained upon excessive loans, principally to mining interests with which the offcers of the bank are identified.
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R. M. Dye, prosecuting attorney, has instituted suit on behalf of the county against ex-Auditor A. S. Brown and his bondsmen for the sum of $548.35, the amount alleged to be Mr. Brown's shortage occasioned by the robbery at the court house on December 12, when Deputy Auditor Hallin was knocked down and robbed and the vault was also robbed.
It is alleged the loss was occasioned by the carelessness of Mr. Brown in having the vault open at that time of night.—Davenport Tribune.
Ex-County Treasurer I. J. Minnick, together with his bondsmen, have been sued by Lincoln county for the sum of $36,686.33, the amount of the county's money on deposit in the Big Bend National bank at this place at the time the bank went into the hands of the receiver.
It is claimed by those familiar with the condition of the bank that it will pay 50 cents on the dollar of its liabilities, which may reduce the liability of the bondsmen who are upon Minnick's official bond.—Davenport Tribune.
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R. M. Dye, prosecuting attorney, has instituted suit on behalf of the county against ex-Auditor A. S. Brown and his bondsmen for the sum of $548.35, the amount alleged to be Mr. Brown's shortage occasioned by the robbery at the court house on December 12, when Deputy Auditor Hallin was knocked down and robbed and the vault was also robbed.
It is alleged the loss was occasioned by the carelessness of Mr. Brown in having the vault open at that time of night.—Davenport Tribune.
Ex-County Treasurer I. J. Minnick, together with his bondsmen, have been sued by Lincoln county for the sum of $36,686.33, the amount of the county's money on deposit in the Big Bend National bank at this place at the time the bank went into the hands of the receiver.
It is claimed by those familiar with the condition of the bank that it will pay 50 cents on the dollar of its liabilities, which may reduce the liability of the bondsmen who are upon Minnick's official bond.—Davenport Tribune.
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-Eugene T.! Wilson, receiver of the Big Bend National Bank at Davenport, Washington, filed a suit yesterday in the United States Circuit Court to recover $3400 from Emma M. Boyd of this city, being 100 per cent assessment on bank stock held by her. He also brought suit against her and Harry C. Boyd to recover $2000 on a promissory note.
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Davenport, Wash., Man Accused of Misappropriating $25,000.
Boston, July 9. — Charles D. May, formerly president of the Big Bend National bank of Davenport, Wash., was arrested yesterday as a fugitive from justice. May is under indictment in the State of Washington on the charge of misappropriating funds of the Big Bend bank May was arraigned before United States Commissioner Hale and held in $5,000 bail for a further hearing. The charge against May is that of misappropriating $28,500 from the bank, which went into the hands of a receiver about a year ago.
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J.C. Bains, living near Colfax, has planted 40 acres of buckwheat, as an experiment. The Women's Relief Corps at Pullman held an annual bean-bake, in that city, last Friday night, and $218.25 was realized for the society's beneficent object. Over 400 were fed, and then followed a season of entertainment by a literary programme and music. Then'a ball ended the evening of gastronomic and mental pleasure. Professor Elton Fulmer, professor of chemistry in the Washington State college, left last Tuesday for Chicago to attend the annual meeting of the national committee on food standards. This includes seven men, elected by the National Convention of Dairy and Food Departments, and will be in session about ten days. Professor Fulmer expects to be absent about a month, as be will visit a number of the largest food manufacturing establishments in the East before returning to Pullman. Charles C. May, President of the defunct Big Bend National bank of Davenport, this State, on trial at Spokane, for wrecking that institution, was last week found guilty by a jury of the Federal court. The bank was closed in the fall of 1904, by the National Bank Examiner, for excess of loans to `mining companies in which he was interested, and May was arrested in Boston last spring. The minimum penalty is five years imprisonment and the maximum ten years. May's lawyers say they will follow the case up to the Supreme Court. Although the run of fish on Gray's harbor for the season of 1905 was considered light, it proved a successful year for the canneries, the total pack of the two companies, the Forbes cannery at Aberdeen and the Hoquiam Packing company at Hoquiam being close to 40,000 cases. The Hoquiam company packed 4,000 cases of the fine Quiniault salmon, and 14,000 of the fall run of fish, the latter pack being valued at $59,000. The value of the Quiniault fish is not given, as it was in the nature of an experiment. The owners of the Hoquiam plant put about $4,000 in improvements into the plant last season.