Browne National Bank (Spokane, WA)

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SPARKS FROM THE WIRES

Yesterday's temperature-New York 46, Chicago 38, St. Paul 46, Winnipeg 50, New Orleans 60. Furious fires are ragining in Northern Wisconsin forests; from Ashland to Clear Lake 150 miles are ablaze. Forest fires of considerable magnitude are reported from Minnesota, fifty miles in nearly all directions from Duluth. The comptroller of currency has authorized the Browne national bank of Spokane Falls to begin business with a capitol of $100,000. Exports of gold from Mew York during the week $3,186,000, of which $2,801,000 went to Europe. The imports of gold were $504,658. The New York weekly bank statement: Revenue decrease, $604,000; specie decrease, $3,703,000; banks hold $5,572,000 in excess of the 25 per cent rule. Australian election law, with modifica tions to suit the locality, has been adopted by both houses of the Missouri legislature and awaits the governor's signature. Major John N. Edwards, one of the editors of the Kansas City Times and one of the best newspaper men in the west, died suddenly in Jefferson City yesterday morning from a stroke of paralysis. The secretary of the navy has approved the sentence of Lieut. Wm. C. Strong, U. S. N., for being drunk on duty, neglect and disobedience of orders. He is suspended from duty for five years on half duty pay, will keep his present number on the list and be publicly reprimanded.

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CAUSED NO SURPRISE

Failure of the Browne National Bank of Spokane. SPOKANE, Nov. 23.-The Browne National Bank closed its doors to-day and went into insolvency. The failure was not a surprise, as it was known to be cramped for funds. The suspension caused no flurry in business circles. There was a small withdrawal from other banks, but they are in no danger. Individual deposits, subject to check at the time of the last published statement, amounted to $43,000. as the bank had long ago paid off most of the depositors. Cashier Shaw puts the assets at $11,650; liabilities, $77,900; deposits, $28,800. The bank was organized in 1889. J. J. Browne was chief stockholder and přesident.

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A Spokane Bank Goes Into Insolvency. SPOKANE, Nov. 23,-The Browne National Bank closed its doors to-day and went into insolvency. The failure was not a surprise, as it was known to be cramped for funds. Thesuspension caused no flurry in business circles. There was a small withdrawal from other banks, but they are in no danger. The individual deposits subject to check at the time of the last published statements amounted to only $43,000, as the bank had long ago paid off most.of the depositors. Cashier Shaw puts the assets at $211,650; liabilities, $77,900; deposits, $29.800. The bank was organized in 1889. J. J. Browne was the principal stockholder and President.

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Browne National Bank

Spokane, Fails. SPOKANE, Nov. 23.-The Browne National bank closed its doors today and went into insolvency. The failure was not a surprise, as it was known to be cramped for funds. The suspension caused no flurry in business circles. There was a small withdrawal from other banks, but they are in no danger. The individual deposits subject to check at the time of the last published statement amounted to only $43,000, as the bank had long ago paid off most of the depositors. Cashier Shaw puts the assets at $211,650; liabilities, $77,The bank was 900; deposits, $29,800. organized in 1889. J. J. Browne was chief stockholder and president, B. B. Glascock vice president, Arthur J. Shaw cashier. TACOMA, Nov. 23.-[Special.]-Before it was generally known here today that the Browne National bank, of Spokane, had closed, telegrams were received notifying the Democratic state committee and the chief Tillicums that one or more Spokane Democrats were candidates for the receivership.

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STATE AND GENERAL NEWS

The Most Interesting Happenings of the World Bolled Down for "Herald" Readers. Sheriff Anthony Meade, of Kittitas county is suffering from paralysis of his left side. A. J. Splawn is feeding about 800 head of cattle, purchased in Okanogan county, near Ellensburg. The only son of Governor Pennoyer, of Oregon, died at a Massachusetts college on Saturday last. A warrant for $10,770,000 has been drawn on the U.S. treasury for pensions to be paid December 4. Kittitas county will, on December 8, vote on the question of validating county warrants issued in excess of law. Bob Fitzsimmons who killed his sparring partner Con Riordan, in a boxing tournament last week, has been exonerated from all blame by a coroner's jury. Port Arthur, the stronghold of the Chinese was captured on the 21st inst. Nothing can now stay the victorious Japanese, as but a weak resistance can be made at Pekin and the Chinese are panic stricken. The Walla Walla Statesman claims that the remains of Noah's ark have been found on Crab creek mountain, this state, and in the lapse of ages the name Arrarat has been changed to Crab. The so called ark is a petrified raft of logs, with bolts almost eaten away with rust. A mass"meeting of Eilensburg citizens has resulted in the selection of the following ticket to be voted upon December 4: Mayor, John H. Smithson; marshal, A. O. Wishard; clerk, W. J. Jenkins; attorney, W. J. Welsh, councilmen, William Freyberger. Dr. J.C. McCauley, W. D. Carter]and F. D. Schnebly. The Citizens National bank, of Spokans, suspended on the 22nd inst. The assets are $425,000 and the liabilities $240,000. This brought about the assignment of E. B. Hyde, the president, who was the owner,of the Hyde block and a brother of Congressman-elect Sam Hyde. On the same day the Commercial National bank, of Seattle, went into voluntary liquidation. The following day the Browne National bank, of Spokane, suspended with liabilities placed at $79,900 and assets $211,650. The bank has lost $300,000 of deposits since June, 1893. J. J. Brown, the owner of the Auditorium, the Spokane Chronicle and a reputed millionaire, was the president and chief stockholder of the bank. He was in Portland at the time of the suspension trying to raise money to tide over the embarrassment.

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Spokane Bank Failure, SPOKANE. Nov. 24-The Browne National band has closed its doors and gone into liquidation. The suspension caused no flurry in business circles. Individual deposits subject to check at the time of the last published statement amounted to only $43,000, as the bank had long ago paid off most of the depositors. Cashier Shaw puts the assets at $11,650; liabilities, $76,900; deposits, $29,800.

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Has Closed Its Doors

SPOKANE, November 26.-The Browne National Bank closed its doors to-day and went into insolvency. The failure was not a surprise, as the bank was known to be cramped for funds. The suspension caused no flurry in business circles. There was a small withdrawal from other banks, but they are in no danger. Individual deposits subject to check at time of the last published statement amounted to $43,000. Since then the bank has paid off most of its depositors. Cashier Show puts the assets at $211,650; liabilities, $77,900; deposits, $29,800. The bank was organized in 1889; J. J. Browne was the chief stockholder and President.

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TELEGRAPHIC

Port Arthur Falls. LONDON, Nov. 24.-A dispatch from Chee Foo says the backbone of Chinese resistence has given way and the mountain passes that lie between the great naval station of Port Arthur and Peking now shelter the scattered remains of the emperor's forces. Word has just reached here that Port Arthur fell after a battle that lasted 36 hours. The reports of the fighting are very meagre but it is believed that both sides suffered heavily. China's loss, it is said, exceeds that of Japan, for, undisciplined as the emperor's soldiers were, they fought with the desperation of tigers. The Same as the Cooks. ROME, Nov. 23.-A band of brigands attacked a tobacco store at Gaibenella, near Ferrara, last evening, while several outlav guarded the streets in the vicinity. The brigands tried to force an entance into the store, but its owner and his servants fired guns at them. The fire was returned by the brigands, and the town was soon in a state of excitement. The toosin was rung from the church steeple, and a number of gendarmes soon arrived and drove the brigands out of town. A Treaty With Japan. WASHINGTON, Nov. 23.-Secretary of State Gresham, in behalf of the United States, and Minister Kurino, of Japan, in behalf of his country, have affixed their signatures to the new treaty of amity and commerce between this country and Japan. The final formalities in the execution of the instrument occurred at the state department yesterday. A Live Czar. LONDON, Nov. 23.-The Daily News' correspondent in St Petersburg says that the czar is displaying unexpected energy. It is stated that he placed M. Wahl,chief of the St Petersburg police, under arrest for three days in his own residence for ordering the Countess Stroganeff's mourning decorations removed because they were erected without police permission; also for treating the foreign newspaper reporters badly. A Bank Failure. SPOKANE, Wash. Nov.23.-The Browne National bank closed its doors today and went into insolvency. The failure was not a surprise, as the bank was known to be cramped for funds. There was a small withdrawal from other banks, but they are in no danger. Cashier Shaw outs the assets at $211,650; liabilities, $77,900; deposits, $29,800. The bank was organized in 1889. Close Upon the Bandits MUSKOGEE, I. T., Nov. 22.-Last night half a dozen members of the Cook gang were on the streets here. Citizens began hunting for them, but the outlaws made themsel ves scarce. Officers who fought with them last night came in about dusk and reported they had chased the bandits to the bottoms, and there lost their course. Cherokee Bill was seen six miles north of Muskogee. He had two Winchesters and twosix-shooters. Lou Cook, queen of the outlaws, and sister of Bill and Jim Cook, is in Muskogee. Robbed and Beaten. PENDLETON, Nov. 22.-An unknown man assaulted Postmaster S. T. Isaac at six tonight. He used a heavy club and beat him nearly to death. His object was robbery, but no money was obtained. Isaac was alone at the time. Sheriff Houter and posse have left to search for the robber. Isaac's condition is reported serious. He was found covered with blood that had flowed from wounds on his head. The victim is one of the oldest residents in the county. Battle ship Sunk. WASHINGTON, Nov. 22.-The navy department today received a cablegram from an officer of the American flert in China, detailed for the purpose of giving confidential information of important events in the Eastern war. stating that the Chin Yuen, the great Chinese battleship, in leaving harbor November 18, was accidentally damaged by a torpedo, and was afterwards beached, there being no docking facilities. She is therefore now useless. Pleaty of Bids. WASHINGTON, Nov. 22.-There is no longer any doubt that the bids for the new issue of bonds will far exceed the amount to be sold. Indeed, the indications are the bids already received more than cover the $50,000,000 and that the large bids expected tomorrow from New York and other nearby cities will raise the total to nearly $75,000,000. Howe Discharged. KLAMATH FALLS, Or., Nov. 22.-Today, owing to an error in the indictment in the of the state VS. W. E. Howe, the county treasurer charged with larceny of $52. Judge W. E. Hale directed the jury to find the defendant not guilty as charged in the indictment, which was done. Much interest was manifested in the case just ended, and a good deal of dissatisfaction is heard over the result. The Japs Attacked. LONDON, Nov. 22.-A Yokohama dispatch states the Chinese Pei Yangsquadron attacked and shelled the Japanese troops who were marching upon Port Arthur. The troops had taken & road near the coast. The Japanese fleet came to the assistance of the troops, and & desperate fight took place between the warships, the result of which is not known. Bill Cook Arrested. FORT SMITH, Ark., Nov. 21.-At the United States marshal's office it is regarded as positive that Bill Cook is under arrest in Texas. He is thought to be one of the five men captured by the Texas rangers at Mitchell Falls. The description of the man Farris, one of the five, exactly corresponds with that of Cook. This is strengthened by the fact that the man who answers the name of Skeeter is an exact counterpart of Baldwin, alias Skeeter, of the Cook gang. A Rough Game SAN FRANCISCO, Nov. 21.-Football enthusiastic are afraid that the big match to be played Thanksgiving day between Berkeley and Sanford teams, will be robbed of much interest by the disabilities sustained by the players during the practice games. Six of Berkeley's best men, cannot possibly take part in the game. No less than 14 men have had the liga-

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Has Closed Its Doors

SPOKANE, November 26.-The Browne National Bank closed its doors to-day and went into insolvency. The failure was not a surprise, as the bank was known to be cramped for funds. The suspension caused no flurry in business circles. There was a small withdrawal from other banks, but they are in no danger. Individual deposits subject to check at time of the last published statement amounted to $43,000. Since then the bank has paid off most of its depositors. Cashier Show puts the assets at $211,650; liabilities, $77,800; deposits, $29,800. The bank was organized in 1889; J.J. Browne was the chief stockholder and President.

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Has Closed Its Doors

SPOKANE, November 26.-The Browne National Bank closed its doors to-day and went into insolvency. The failure was not a surprise, as the bank was known to be cramped for funds. The suspension caused no flurry in business circles. There was a small withdrawal from other banks, but they are in no danger. Individual deposits subject to check at time of the last published statement amounted to $43,000. Since then the bank has paid off most of its depositors. Cashier Show puts the assets at $211,650; liabilities, $77,900; deposits, $29,800. The bank was organized in 1889; J. J. Browne was the chief stockholder and President.

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HIS OWN RECEIVER

Spokane, Feb. 9.-A telegram received today from the comptroller of the currency directs Bank Examiner Flynn to turn the Browne National Bank over to J. J. Browne, president of the broken institution, who is named as receiver of the concern. Browne has been averse to allowing the bank to pass into other hands, and has work. ed hard to prevent a receivership. He wanted to wind up the bank's affairs himself, and has carried his point.

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SPOKANE VISITOR

Hon. J. J. Browne, of Spokane, spent last Friday in Oroville. Mr. Browne is the stable backing of the bank of Oroville, and was here looking over the field. He is far from strong, as he is just recovering strength after a long attack of illness, and hence was not able to get around much while in town. It was his first visit to Oroville for two or three years. Mr. Browne is one of the real pioneers of Spokane, and his name, in conjunction with the names of James E. Glover and the late A. M. Cannon. is closely identified with the early history of the place. In early days he secured a large holding of real estate, all of it now within the city limits. that made him a fortune. Browne's addition, one of the choicest residence sections of the city, is a part of those holdings. At the time of the panic in the early 90s. Mr. Browne was at the head of the Browne National bank. and that institution, like so many others of like kind, was wrecked. Mr. Browne stood SO high for probity and integrity that the government appointed him receiver of his own bank, and he paid out every dollar due depositors. Mr. Browne saved much real estate out of the general ruin. and when business conditions improved and Spokane spread out with miraculous rapidity those holdings made him a millionaire, and then some.

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DEATH OF J

J. BROWNE. Hon J. J. Browne, of Spokane, died in that city suddenly Monday of this week of neuralgia of the heart. He had been in poor health for motnhs and a slight exertion running to catch a street car, brought on the fatal attack. Mr. Browne has been identified with Spokane since 1878. Jas. N. Glover, A. M. Cannon and J. J. Browne were really the founders of the town that has grown to be a metropolis. Mr. Glover is the only survivor of the triunvirate, as Mr. Cannon died several vears ago. Mr. Browne took a prominent part in the affairs and upbuilding of Spo kane. He was at one time owner of the daily Chronicle, and founded the Browne National bank. During the hard times of 1893 the bank. like many others. went to the wall. But in this instance was witnessed the almost unprecedented case of a bank president being appointed receiver of his own defunct bank. Mr. Browne proved that this confidence in his integrity was not misplaced, for the Browne National was one of the few wrecked banks that paid out every dollar of indebtedness. Mr. Browne owned extensive land holdings within the city limits, much of which he managed to hold through the depression, and this land eventually made him a very rich man. Being a democrat his opportunity for political advancement in Washington was not encouraging, and the only elective public office he has held in the state was that of member of the constitutional convention. Mr. Browne was instrumental in the organization of the Bank of Oroville, and owned that institution until only a few months ago. when it was transferred to other hands. The writer first met J. J. Browne in the winter of 1882-3, and the friend ship then formed has lasted unbroken down through the succeeding thirty years. He also had the honor to serve in the constitutional convention with the deseased, and in that body Mr. Browne won the respect and confidence of his colleagues for his earnestness and activity in advocating and supporting such measures as promised the greatest benefits to the state about to be organized and the people thereof. His was a kindly and charming personality and his death will be deeply mourned especially by those old timers who knew him best.