Florence National Bank (Florence, AL)

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Florence, Ala, Bank Goes Under. BIRMINGHAM, Ala., June 22.- The Florence National Bank of Florence, Ala., closed its doors today. The immediate cause is attributed to the spread of false reports which caused a run on the bank. The bank expects to resume again in a few days, as soon as things are straightened out.

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Closed Its Doors

BIRMINGHAM, Ala., June 22.-The Florence National bank, of Florence. Ala., closed its doors to-day. The immediate cause is said to be the spreading of false reports, which caused a run on the bank. Some of the confusion seems to have resulted by reason of Mr. Flanigan, the cashier of the Alabama Banking and Trust company, having been for a time also president of the Florence National bank.

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A. Bank Suspends. BIRMINGHAM, ALA., June 22.-The Florence National Bank, of Florence, Ala., closed its doors. The immediate cause is attributed to the spread of false reports which caused a run on the bank.

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Two Banks Close

NASHVILLE, Tenn., June 22.-The Nashville Savings bank. conducted by Julius and Max Sax, closed its doors this afternoon. Messrs. Sax claim that the suspension of business is due to the stringency of the money market and their inability to get rediscounts in the East. They believe they will be able to reopen in à month and pay the depositors in full. The assets are $666,000 and the liabilities about the same. BIRMINGHAM, Ala., June 22.-The Florence National bank of Florence. Ala., closed its doors today. The immediate cause is said to be the spread of false reports which caused a run on the bank. Some confusion seem to have resulted by reason of Mr. Flaanigan, cashier of the Alabama Banking and Trust company, having been for a time also president of the Florence National bank.

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CLOSED DOORS

The Failure of a National Bank Attributed to False Reports. BIRMINGHAM (Ala.), June 22.-The - Florence National Bank of Florence, Ala., closed its doors to-day. The immediate cause is said to be the spread of false reports, which caused a run on the bank. Some confusion seems to ha ve resulted by reason of Mr. Flannegan, the Cashier of the Alabama Banking and Trust Company, having been for a time also the President of the Florence National Bank. NASHVILLE (Tenn.), June 22.-The Nashville Savings Bank, conducted by Julius and Max Sax, closed its doors this afternoon. Messrs. Sax claim that the suspension of business is due to the stringency of the money market and their inability to get rediscounts in the East. They believe they will be able to reopen in a month and pay depositors in full. The assets are $665,000 and the liabilities about the same. NEW York, June 22.-Samuel Barth & Co., wholesale liquor-dealers in this city and Baltimore, assigned to-day. without preferences. HOLBROOK (Mass.), June 22. - Whitcomb & Paine, manufacturers of calf boots, closed their factory this week indefinitely. This is caused by the unsettled state of business throughout the country.

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A yount lady was asked why her beau was like a piano at Collins & Armstrone Consestore She replied. because he is grand juare-and noright CLOSED ITS DOORS. The Florence National Bank of Florence, Ala.-The Alleged Cause. BIRMINGHAM. ALA., June 22-The Florence national bank of Florence, Ala., closed its doors to-day. The immediate cause is attributed to the spread of false reports which caused a run on the bank. Some confusion seems to have resulted by reason of Flannigan, cashier of the Alabama banking and trust company, having been for a time president of the Florence national bank. It's books showed $10,000 deposited in the Trader's national bank of Boston. but a draft on that bank for $6000 went to protest. It developed that $10,000 had been appropriated to paying certificates of deposit of the Alabama banking and trust company on an order of Flannigan.

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Two Southern Banks Closed

The Florence National Bank of Florence, Ala., closed its' doors yesterday. The immediate cause is attributed to the false reports which caused a run on the bank. The bank expects to resume again in a few days, as soon as things are straightened out. The Nashville Savings Bank closed its doors yesterday afternoon. Liabilities and assets variously estimated atfrom $250,000 to $600,000.

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Failure Caused by False Reports

BIRMINGHAM, Ala.. June 24.-The Florence National bank, of Florence, Ala., has closed its doors. The immediate cause is attributed to the spread of false reports which caused a run on the bank.

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ANOTHER BANK FAILURE

The Florence National, of Florence, Alabama, Puts Up Its Shutters. BIKMINGHAM, June 23.-The Florence Ala. closed its doors today. The immediate cause is attributed to the spread of false reports, which caused a run on the bank. Some codfusion seems to have resulted by reason of Mr. Flannigan, cashier of the Alabama Banking and Trust Company, having been for a time president of the Alabama Banking and Trust Company, having been for a time president of the Flerence National Bank. Its books showed $10,000 deposited in the Traders' National Bank of Boston, but a draft on that bank for $6,000 went to protest. It developed that the $10,000 had been appropriated to paying certificates of deposit of the Alabama Banking and Trust Company, on an order from Mr. Flannigan.

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The stringency of money matters has caused the Sax Savings Bank of Nashville, Tenn., and National Bank, Florence, Ala., to suspend.

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census report owned by Negroes in Virginia cities is valued at $3,019,950 and their personal property $454,799. In the counties the real estate owned by Negroes is valued at $8,555,964 and their personal property $2,996,089. Total in State $15,026,802. George Hutchins of New Jersey, a few years ago, left Henry George $12,000 to be used in printing and distributing his book "Progress and Poverty." The widow contested the will and after two years litigation there is $584 left out of the $12,000, in the division of which the court awards Mr. George two-thirds. On the farm of Geo. Vandevander in Highland Co., Va., was blown down, last week, an apple tree planted about one hundred years ago, and which, up to three years ago, bore eighty bushels of apples a year. It measured 10½ feet around the trunk. Benj. J. Brooks, a school teacher near Americus, Ga., has just been sentenced to $500 fine or eight months in the chain gang for cruelly beating a pupil. Brooks has money to pay the fine, but preferred working it out in the chain gang, to paying it. Why do people wait until a man is sick and can't eat, to send him good things? When he is well, and would like something good, no neighbor comes in with fancy jellies, old wines, and things like that. Things are very unfair.-Atchison Globe. The bronze statue of the late Gen. Wm. C. Wiekham has been completed and is ready for delivery to the city of Richmond. It is thought that it will be placed in Monroe Park. At a circus side-show in Chicago, while Miss Uno, the snake charmer, was performing with a fourteen-foot python, it tightened Its folds on her and seized her arm with its teeth. It took three men to release her. Mrs. Ellen Moore of Williamsport, Pa., who is a member of the Funeral Directors' Association of Pennsylvania, has been in the business forty years and buried 5,338 persons. Robert Garnett of Va., a near relative of the late Senator R. M. T. Hunter, has been appointed keeper of the morgue at Washington. A London tradesman recently received an order for sixty-four pairs of shoes for the daughter of the Grand Duke Paul of Russia, a child less than a year old. Gov. McKinney says he will recommend in his message to the next Virginia legislature, a law requiring separate cars for whites and negroes on the railroads. The Florence National Bank of Florence, Ala., suspended Monday, after a run on it, caused by a false report. It expects to resume in a few days. John D. Rockefeller, the Standard Oil man, is the richest man in America and much ahead of Gould or the Vanderbilts. His wealth is estimated at $129,000,000. The second lot of new Virginia wheat received in Baltimore, this time $280 bushels, from Lancaster county, sold at $1,50 a bushel. General Grant's sister Mw. Mary Crant.

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Florence's Broken Bank

W ASHINGTON, June 27.-Mr. Lacey, controller of the currency, says that the Florence National Bank of Florence, Ala., will be placed in charge of a receiver as soon as the proper selection can be made.

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The Florence National Bank

[By telegraph to the Dispatch.] WASHINGTON. D. C., June 27.-Mr. Lacey, Comptroller of the Currency, says that the Florence National Bank, of Florence, Ala., will be placed in charge of a receiver as soon as a proper selection can be made.

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LATE TELEGRAMS BCILED DOWN FROM PRIVATE, SPECIAL AND OTHER SOURCES. Victoria baseballers lay the Beeville Picayunes out cold. State encampment meets in Austin July 18, to continue one week. Wilson county needs more rain and is suffering for want of it. Bones of a mastadon discovered near Luling. Fishing is the favorite pastime about Luling and sport is good. Fort Worth saloons are pulled for keeping open from 9 a. m. to 4. m. Dr. Shrod's handsome dwelling, Marshall, is destroyed by fire. Sheriff Bob Williams shoots Sam Cullock at Conowav, Ark. Iowa was visited with a disasterous storm on Saturday. Hogs, cattle and horses are floating in the Iowa streams. Rains, heavy and light, have fallen in the vicinity of Lockhart. Lockhart is extending and improving street car service. Chairman Finley authorises the competing roads to meet the Alton rates. Florence National bank, Ala., goes into hands of receivers as soon as appointment can be made. Western traffic association lines are clamoring for a division of freights. Prince Victor must break his leason or Eugenie will not grant him annuity or fortune. Mr. Moreau endeavors to secure abrogation of deeree by chambers, in France, against American pork. A Pittsburg kid, nine years old, swims'one and a half milesand finishes, strong. Henry Martin. drunk and disorderlyfkilled by a policeman at Pine Bluff, Ark. Three 16-year old boy S arrested for attempted passenger train wrecking near Ada, Minn. Honduras appoints commissioners for the World's fair, and will be on hand with a large exhibit. The report is untrue that the Dalton gang has raided Guthrie City I. T. Not a single life was lost in Cherokee, Io., by the flood, but the damage to property is beyond estimate. Thursday's rain in Kansas carried away wheat, barns and agricultural implements. Lone Star Brewing company have established cold storage at Floresville. Rosser and Carroll have put 1,000 young horses on their Wilson county range. Havana sugar seliers are holding for higher prices and business is light. Mrs. Wood tells in the Topeka papers how her husband was murdered at Hugoton, Kan. News comes from Holstein, Ia., of three school houses swept away and two children drowned in the late storms. Illinois Central road has 600 men at work in the storm-swept Iowa district. The record of the bicyclists in the Buffalo races will be disputed, as the track has been measured and found short. Minnesota and Dakota have been greatly benefitted by the late rains which were not as severe as in Iowa and Kansas. The Sturm matter is being investigated in Mexico, but does not show that any promises were made to him, as alleged. The Goldings, San Francisco, fight the police, mistaking them for burglars: three officers hurt and two of the Goldings, one fatally. Cherokee. Iowa,, has 50 houses gone and 100 more wrecked. In two hours from the time the alarm was given the entire valley was flooded. As the result of the last state teachers' association Texas may possibly have a chair of pedagoguey in the university. In the 25 miles cycling race, July 17, between Detroit and Pontiac,an observation train will accompany the races, the road running parallel with the railroad all the way. Riverside Concert.

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Southern Wagonmakers Suspend.

FLORENCE, Ala., July 20. - The Florence Wagon Manufacturing Co. failed Saturday, with assets of $180,000, and liabilities of $78,000. The cause of the failure was the collapse of the Florence national bank some days ago.

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A RECEIVER APPOINTED

-The controller of the currency has appointed Col. John C. Goodloe, sr., of Barton, Ala., receiver of the Florence National Bank of Florence, Ala. -

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Made Receiver of a Bank.

WASHINGTON, July 23.—The controller of the currency today appointed Col. John C. Goodloe, Sr., of Barton, Ala., receiver of the Florence National Bank of Florence, Ala.

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IN A FINANCIAL WAY

Investment Company Assigns--Big Montreal Failure--A New York Contractor Goes Broke. The Kimball-Champ Investment Company of Council Bluffs, Ia., with a capital stock of $300,000, has made an assignment. It is said the liabilities are about $100,000 and the assets $400,000. W. H. Halliburton, wholesale druggist in Little Rock, Ark., has made an assignment, with preferences amounting to $46,000. The comptroller of the currency last Thursday appointed Col. J. C. Goodloe receiver of the Florence National Bank of Florence, Ala. The wholesale millinery and dry goods firm of John McLean & Co., of Montreal, has made an assignment on demand of the Merchants' Bank. The total liabilities are $281,000 An execution was placed in the hands of the sheriff in New York Thursday against Contractor Herman Clarke, for $108,987, upon a judgment in favor of David E. Donovan, in an accounting of I partnership. The firm of H. Clarke & Co., was formed March 20th, 1884, and built the Staten Island Rapid Transit Company's railroad.

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NATIONAL LEAGUE.

Per cent. W. L. Baltimore..84 37 .694 New York..82 42 .661 Boston 79 45 .637 Phil'delph'ia69 51 .575 Brooklyn ..66 56 .541 Cleveland..63 59 .516

Per cent. W. L. Pittsburg..60 62 .492 Chicago ...54 72 .429 Cincinnati.50 70 .417 St. Louis ..51 73 .411 Washingt'n44 81 .352 Louisville..34 88 .279

WESTERN LEAGUE.

Per cent. W. L. Sioux City.73 49 .598 Kansas C'y.69 55 .559 Toledo 64 55 .538 Minne'p'lis 62 59 .512

Per cent. W. L. Gr'd Rapids60 64 .484 Indin'p'lis.58 65 .472 Detroit 53 69 .434 Milwaukee.49 72 .405

FINANCIAL AND INDUSTRIAL

—Receiver of the Florence, Ala., National Bank has begun suit to compel stockholders who reside in Illinois to pay their assessments.

—An English syndicate is negotiating for the purchase of all the street car manufacturing concerns in St. Louis.

—The Buffalo elevator monopoly absorbed the floating houses and at once advanced rates for transferring grain.

—Nelson Morris has resigned from the directorate of the whisky trust, and it is said other withdrawals will follow.

—Edwin F. Gould is President of the Continental Match Company, which proposes entering the field in opposition to the match trust.

—Acting upon the instructions of the Clothing Trades Council, No. 2, the garment-makers of Boston, to the number of 2,000, struck work on Thursday morning. This action is the result of the refusal of a number of contractors to concede to the demands of the union for the abolishment of the "lumping" and "sweating" systems and the introduction of the weekly wage system. The operatives are also desirous of establishing a working day of nine hours, with fixed wages.

—The belief is growing among those who know something of the inside workings of the whisky trust that a crisis is rapidly approaching and that some of its officers would not care much if it were thrown into the hands of a receiver. This belief is heightened by the presence at Peoria of the officers of the American Distributing Company, of New York, who have come to make an investigation of the safety of the rebate vouchers. They have been in consultation with Sam Woolner, whose new distillery, the largest in the world, will be ready for operation next month, and which alone can supply all the demand in the present condition of the trade. It is possible that a deal may be made with him and the trust left out.

—The Pullman Palace Car Company has entered into a contract with the Long Island Railroad Company to build twenty-two new passenger coaches to cost $6,500 each.

—Garbage men in New York are on a strike, and the city is filled with foul smells. Reduction in wages caused the trouble.