Capital National Bank (Indianapolis, IN)

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THE MONEY TRANSFERRED Otto Frenzel Goes to the Capital Bank and Demands Iron Hall Money. Receiver Failey Gives Him a Check on the Capital for $140,000-No Notification Had Been Given, but the Money WasThere. It is not very often that a man walks into a bank, without a moment's warning, in the busiest part of the day, and asks the paying-teller to cash a $140,000 check, but that is what was done at the Capital National Bank yesterday. The man with the check was Otto Frenzel, and the check was drawn by Receiver Failey, of the Iron Hall, and was for that order's funds which the Capital Bank held. Mr. Frenzel got the money in cold cash. It was three trips that the paying teller made to the big vault, and each time he would pile up greenback. in five-thousanddollar packages, on his arm like cord wood, and dump it on his desk. Mr. Frenzel was obliged to send for assistance to carry it to his bank, but it was gotten over without accident, and Receiver Failey has it where he can put his fingers on it. A Journal reporter called on President Wilson late last evening, and questioned him as to the occurrence. "The demand was wholly unexpected by us, but we were perfectly able to meet it," he said. I have talked to Mr. Failey but once since his appointment, and that was immediately after it. He said then that he should want to transfer the money some time, but that he could not tell how soon, and that he would letme know. We have had no word since, but have thought it best to be prepared." Wasn't it a very unusual proceeding, Mr. Wilson?" was asked. "Well. yes," and the banker smiled cautionsly. "It wasn't just exactly business courtesy, was it?" "No; I shouldn't have asked them for such a sum without first sending them word. and asking them if it were convenient for them to pay it, and I don't believe one banker in ten would have done it." "Would they have closed you up. if you hadn't happened to have the money?" "I've no doubt of it." Mr. Wilson went on to say that he was at the telier's window when Mr. Frenzel called for the money. and that he was of the opinion that Mr. Frenzel was considerably surprised when the money was counted out to him. He had no explanation to offer for such an action on the part of the Frenzel bank. but had all the appearances of a man well pleased with himself for having defeated a scheme that might have worked some harm to him. When the conversation turned on generalities he made the remark that it was very peculiar how John Frenzel tried to ride rough-shod over everyone, and then said: "Well, he never will over me." in a tone that said as plain as words: "And he didn't do it to-day." It could not be learned last night whether any of the Iron Hall's funds had been drawn from any of the other banks or not, but it 18 believed that there has not. Attorney Hawkins was seen by a reporter and was informed of the withdrawal of the money from the Capital Bank. He refused to believe it, and it was not until he was told that the reporter had conversed with President Wilson about it he reluctantly admitted its truth. He then expressed the profoundest surprise that such a thing had been done. "I am sure that I bad no knowledge of it, and from a less authentic source should most positively refuse to believe it. As attorneys we have no control over Receiver Failey, and I can give no explanation of the affair."

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Other Banks Wrecked

INDIANAPOLIS, May 11.-The - Capital National Bank of this city has suspended. CHICAGO, May 11.-The Columbia National Bank has failed.

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THE NEWS

VOL. XXIV (NUMBER 124) — FOURTH EDITION

CAPITAL BANK FAILS

Notice of Its Suspension Posted On Its Doors.

Direct Cause Due to the Failure of the Chemical National Bank of Chicago.

Directors of the Capital at a Meeting Decided Upon the Course — The Statement Made of the Affairs of the Concern — Details.

The Capital National Bank closed its doors this morning. A note was posted on a front window of the bank in the Commercial Club Building, South Meridian street, announcing:

CAPITAL NATIONAL BANK SUSPENDED.

This was posted a few minutes after 9 o'clock. Coming without warning to the public, the announcement was hardly credible, but it was of course official and fell with sickening effect upon the community.

The direct cause of the suspension was the failure of the Chemical National Bank of Chicago. The Capital of Indianapolis had about $80,000 there, and made some of its clearings through that institution. Country banks learning of that, immediately began to draw out their balances from the Capital, and a heavy drain started which could not be stemmed.

THE BANK'S LAST STATEMENT.

The bank's condition was supposed to be good. The official statement, published yesterday, indicated this. It was as follows:

REPORT OF THE CONDITION of the Capital National Bank, at Indianapolis, in the State of Indiana, at the close of business, May 4, 1893:

RESOURCES. Loans and discounts: $1,007,916 85 Overdrafts, secured and unsecured: 334 12 U. S. bonds, to secure circulation: 50,000 00 Stocks, securities, etc.: 39,114 90 Due from approved reserve agents: $106,037 15 Due from other national b'ks: 54,658 54 Due from State banks and bankers: 39,754 61 — 200,450 30 Banking house, furniture and fixtures: 8,774 52 Current expenses and taxes paid: 16,079 59 Premiums on U. S. bonds: 6,000 00 Checks and other cash items: 6,180 82 Exchanges for clearing-house: 17,783 78 Bills of other banks: 72,030 00 Fractional paper currency, nickels and cents: 1,502 41 Specie: 8,040 00 Legal-tender notes: 45,000 00 — 150,517 01 Redemption fund with U. S. Treasurer (5 per cent. of circulation): 2,250 00 Total: $1,541,537 29

LIABILITIES. Capital stock paid in: $300,000 00 Surplus fund: 30,000 00 Undivided profits: 36,865 49 National bank notes outstanding: 45,000 00 Individual deposits subject to check: $407,324 10 Demand certificates of deposit: 139,181 06 Certified checks: 35 00 Due to other national b'ks: 305,734 72 Due to State banks and bankers: 223,406 43 — 1,075,681 31 Notes and bills re-discounted: 53,990 49 Total: $1,541,537 29

State of Indiana, Marion county, ss: I, CHAS. J. DOHERTY, cashier of the above-named bank, do solemnly swear that the above statement is true to the best of my knowledge and belief. CHAS. J. DOHERTY, Cashier. Subscribed and sworn to before me this 10th day of May, 1893. CHARLES MOORES. Correct — Attest: M. B. WILSON, N. S. BYRAM, N. F. DALTON, Directors.

NEWS OF THE SUSPENSION. News of the suspension spread rapidly on the street, and at 10 o'clock there was a small group of people in front of the bank. Before the suspension was officially announced, many depositors had gone into the bank and presented checks for payment. These were taken one by one to the officers in the meeting with the query, "Shall we pay it?" Waiting for an answer, customers accumulated, and the crisis was at hand. The bank either had to pay or suspend. It had in its vaults something over $75,000 in cash, and could have paid all those who were in waiting. Among these was a foreign banker with a claim for $15,000, and another man with $9,000. President Wilson had just come back from Chicago, where he had been inquiring into the future of the suspended Chemical Bank. A report had reached the bank that the Chemical would resume business to-day. If that should prove to be true, the Capital would have the $80,000 tied up in the Chemical, and might be able to continue business. A hurried telegram was sent off to the Chemical, but no answer came. The depositors pressed for an answer. The directors, in consultation with the representatives of other banks in the city, were forced to the conclusion that something had to be done at once, and the only thing that could be done was to suspend. This was the unanimous opinion of all those in authority, and of their advisers, and the bulletin was placed upon the window. The depositors filed out, the curtains were pulled and the doors were closed and locked.

As the news spread the throng about the bank increased. No one was able to see into the interior, except by climbing up on something and looking over the curtains. Within were seen the directors conferring over the books. At noon the News extra told of the failure and knowledge of the suspension became universal down town. One of the first things of which ample assurance was given was that no other bank here was in the least affected.

THE BANK'S CONDITION. The condition of the bank has not materially changed (relatively) since the statement quoted above, of May 4. The totals are alleged to be about as follows: Individual and other deposits: $450,000 Bills receivable and bonds (about): 1,000,000 Total assets: $1,300,000 Of these assets $80,000 is in the Chemical National, reducing the net total and assets to $1,180,000. It is believed that the Chemical will nearly pay out, and it is claimed that nearly all the Capital's paper is "gilt-edged." Of course the shrinkage, if any, will come under the item bills receivable and bonds, but the officers say they are pretty sure of the approval of the discount committee — N. S. Byram and N. F. Dalton, conservative men.

BANK OFFICERS' STATEMENT.

Directors' Meeting and the Official Announcement Agreed To.

The directors of the bank met this morning. After deciding to suspend the Controller of the Currency was notified by wire and the following statement was dictated for publication:

BANK OFFICERS' STATEMENT. "The Capital National Bank was organized in December, 1889, with a paid-up capital stock of $300,000. It has done a profitable business from the beginning until now, and up to Tuesday morning, when the news of the failure of the Chemical National Bank, of Chicago, was received, there was nothing in the conditions of the business of the bank to cause any concern or apprehension for the future. The Capital National Bank, like other banks throughout the country, has pursued a conservative course, endeavoring to keep its discounts within prudent limits, and as the statement on the 4th of May by the controller of the currency shows, we had the reserve on hands that the banks of this city have prudently kept. The condition of the bank is good at this time. We had on deposit with the Chemical National Bank of Chicago, at the time of its failure, $80,000. It was known by the banks throughout the country, as recently ascertained, that the Chemical National Bank was our correspondent, and as the fact of its failure became known and created apprehension and caused heavy drafts to be made upon us. The balances were running against us so large that we felt that it would be impossible without material aid to stem this current any great length of time. There was no place where we could go at this time to secure the amount of assistance which the board of directors felt would be necessary to tide us over. It was, therefore, thought best to suspend before the payment of all the cash we had on hand. In other words to suspend before we were compelled to suspend. The bank has available assets at this time of over $200,000 not including the deposit with the Chemical National Bank. If that were at the disposal of the bank there would be no necessity for the step that has been taken. The loans and discounts of the bank have been conservatively made, and it is believed by the officers of the bank that they are of excellent quality. The assets and liabilities of the bank at the close of yesterday's business were $1,465,162.78. We believe the business is in such shape as to be readily settled up without injury to any of the business interests of the city of Indianapolis. There are enough available funds on hand to pay almost 25 per cent. of all sums to the depositors of the bank, and the paper is of such character as to be readily and easily realized upon, so that there need not be much delay in depositors getting their money."

The controller of the currency was immediately notified of the suspension of the bank and requested to advise the officers as to the course to pursue in all current matters connected with the bank. The bills received for collection will be presented as in the usual course of events, and funds arising from such payments will be held intact for the use of those on whose account they were kept.

THE STOCKHOLDERS.

Names of Persons Owning Stock And Amount of Their Holdings.

Following is a list of the stockholders of the bank, together with the amount of their holdings, as given in the sworn statement on file in the recorder's office: Mrs. Angie Ames, Cleveland, O., fifteen shares. Mrs. Clara Ames, Cleveland, O., five shares. John S. Atkins, Carlisle, Ind., ten shares. Mrs. M. L. Barnhart, Litchfield, Ill., five shares. J. L. Bayard, Vincennes, Ind., thirty-seven shares. P. H. Blue, Sullivan, 205 shares. John A. Butler, Indianapolis, ten shares. N. S. Byram, Indianapolis, fifty shares. B. Brockenbrough, Lafayette, Ind., thirty shares. W. S. Brinton, Tuscola, Ill., twenty shares. A. Burdsall, Indianapolis, ten shares. Wesley Burford, Indianapolis, twenty shares. S. N. Chambers, Indianapolis, thirty-eight shares. E. F. Dalton, Indianapolis, ten shares. J. J. Daniels, Rockville, twenty shares. W. N. Dawes, Vincennes, ten shares. J. W. Dittemore, Indianapolis, ten shares. W. L. Dix, Sullivan, Ind., fifty shares. Chas. J. Doherty, Indianapolis, 100 shares. W. B. Dunlap, Mattoon, Ill., twenty shares. Mrs. Anna Evans, Detroit, Mich., one hundred shares. J. M. Fowler, Lafayette, Ind., twenty shares. Bert L. Feibleman, Indianapolis, two shares. F. S. Albreath, Seymour, Ind., ten shares. John Gaugar, Lafayette, Ind., fifty shares. E. C. Gregory, New Albany, Ind., one hundred shares. W. F. Herron, Crawfordsville, Ind., fifty shares. J. R. Hinkle, Sullivan, Ind., fifty shares. E. S. Hutchinson, Richmond, Ind., ten shares. John J. Harrington, Richmond, Ind., ten shares. John C. Ingram, Indianapolis, Ind., twenty shares. R. B. Jessup, Vincennes, Ind., fifty shares. Mrs. Nellie B. Kensell, Mansfield, Mass., five shares. Mrs. Sophronia Kensell, Waterville, Mass., five shares. Frank Kern, Mattoon, Ill., ten shares. J. A. Lemcke, Evansville, Ind., fifty shares. Abraham Levering, Lafayette, Ind., twenty-five shares. W. J. Lewis, Evansville, Ind., seventy-five shares. I. P. Leyden, New Albany, Ind., fifty shares. H. J. Milligan, Indianapolis, ten shares. James Moorman, Farmland, Ind., fifty shares. Thos. B. Milliken, New Castle, Ind., five shares. W. C. Niblack, Chicago, Ill., twenty shares. Mrs. M. E. Norton, Toledo, O., fifteen shares. S. E. Pickens, Indianapolis, ten shares. F. L. Powell, Madison, Ind., twenty-five shares. W. H. Powell, Madison, Ind., twenty-five shares. A. J. Pellera, Seymour, Ind., ten shares. J. H. Reed, Vincennes, Ind., forty shares. J. H. Rice, Indianapolis, eighty shares. Mrs. Anna A. Roseman, Evansville, Ind., seven shares. Miss L. Roseman, Evansville, Ind., five shares. Emma W. Ryder, Vincennes, Ind., ten shares. L. F. Sheerin, Logansport, Ind., fifty shares. Allen Tindolph, Vincennes, Ind., seventy shares. Mrs. Sarah M. Tindolph, Vincennes, Ind., thirty shares. E. F. Whallen, Cincinnati, O., fifteen shares. E. S. Wilson, Olney, Ill., 230 shares. Luke F. Wilson, Kansas City, Mo., 100 shares. M. B. Wilson, Indianapolis, 420 shares. Mrs. M. B. Wilson, Indianapolis, fifty-four shares. June Wilson, Olney, Ill., twenty shares. Glen Wilson, Indianapolis, twenty shares. Lee Wilson, Olney, Ill., twenty shares. H. A. Wymond, Indianapolis, fifty shares. Total value taxable, as entered at the auditor's office, is $219,182.

MAKING COLLECTIONS.

Cashier Doherty Says Such Were the Orders of the Bank Examiner.

It was reported by Meridian-street business men this morning that collectors for the Capital bank were trying to make collections after the bank had posted its notice of suspension. Cashier Doherty said that it was true that the messengers of the bank were out trying to collect on bank papers and that it was being done by order of the controller of the currency. "We have received from Controller Eckels a telegram stating that Bank Examiner Young, of Pittsburg, had been directed to come here and take charge of affairs. He will arrive here to-night. The controller also instructed the officers of the bank to take care of all bills for collection, as in the usual course of business. That is why our collectors were out this morning, and it is why they are out now. This money is not being collected for us, but will be turned over to the examiner when he arrives."

"How much of the paper of the Premier company does the bank hold?"

"We will not make public anything of that character until after the examiner is in charge."

"Will the failure of the Capital affect the solvency of the banks at Vincennes, Sullivan and Gas City, in which the principal stockholders of the Capital are interested?"

"By no means. The interests of any of the Capital Bank stockholders would not work that way, and the credit interests of these outside banks in the Capital are not large enough to affect them."

AT THE OTHER BANKS.

None of the Officials Feels Any Alarm About the Situation.

At the Bank of Commerce the door was standing wide open, and everything was as quiet as a Sunday. There was not the sign of a run.

"We shall have money enough to pay all that will be demanded of us. There has not been more than the ordinary demand for money. We have paid a few checks, but no large ones. The largest was $5,100 for the Indiana Steel Company, in the regular course of business," said William Mansur, the cashier.

"How much stock of the Premier Steelworks have you?"

"We have not much; and that is indorsed by C. W. DePauw. We have every desire to permit anyone, who so wishes, to come here and examine our condition. No one offers this morning of help, if we wanted it. We do not need help and have declined it. We shall pay all that will be demanded of us. We have no doubt here about our bank. Our balance in outside banks is about $5,200, and we have balances at some of the banks."

"Who owns the stock in this bank?"

"It is all owned by the W. C. DePauw estate, except $10,000. The estate is worth $3,000,000 and is not held liable for the business ventures in which the DePauw's are interested. We have about $100,000 in cash in the bank and less than $200,000 in cash deposits. Our entire capital is intact and we could pay without a cent of incumbrance on it. We have, besides, real estate on Alabama street worth $100,000. The DePauw estate alone have $400,000 bills receivable and it is all in the bank. We are not at all alarmed."

THE INDIANAPOLIS NATIONAL BANK.

Said President Haughey: "Everything is quiet around here. I can see no change, and there is, in my opinion, no occasion for any alarm. I am not at all nervous over the situation. We have drawn no money from the city or from the Capital National. We have been in business for twenty-eight years and have gone through many panics. I believe every bank in this city is in good condition. Our clearing-house is very strong and united, especially at this time."

INDIANA NATIONAL BANK.

William Otto, the cashier, said: "I have no doubt but every dollar will be paid. I think all the banks are safe and sound. Nothing unusual has occurred here, and there is, in my opinion, nothing for the people to be alarmed about."

MERIDIAN NATIONAL BANK.

W. P. Gallup, President — There is no occasion for great alarm over this affair, and I do not believe the failure will create much excitement. The banks of the city, I believe, are all strong, and the Meridian National will pay any check presented.

FLETCHER'S BANK.

A. M. Fletcher — The failure of the Capital National Bank is attributed to methods that do not conduce to safe and sure banking. Difficulties were anticipated when we saw the Capital leaving the clearing-house. This, I assume, the public is thoroughly advised of. The other banks are sound and judge of the present situation in its true light and upon its merits.

THE NEW STATE BANK.

Sterling R. Holt, president of the New State Bank, said this morning that the failure of the Capital was not a surprise to him. He said that the managers had made it a rule to be conservative and had money on hand to meet any demands that might come.

INDIANA TRUST COMPANY.

John P. Frenzel, President — The banks of Indianapolis are unusually strong, none of them having departed from the former rule of Indianapolis banks to keep a large cash reserve. This rule called for 33 per cent., being 8 per cent. more than required in New York city, and yet most of the banks have been running on 40 and 50 per cent. reserves. Beyond a few days' excitement among the timid, there will be no further trouble in my opinion.

WHAT THE DIRECTORS SAY.

Future and Even-Handed Justice — Believe All Will Be Paid.

President Wilson was asked if he could give any assurances additional to those in the official written statement, that the bank would pay out. He said:

"My belief is, that every dollar of deposits will be paid. We could have paid to-day a dividend of 25 per cent. on all claims. We did not wait until all the money had been drawn out before suspending. We wanted to do even justice to all. The stockholders will never be called on because the bank funds are ample without recourse to them."

Director N. S. Byram was at the bank early in the forenoon. He said that the first notice of the present condition of the bank came to him only yesterday. He was confident that no large firms would be seriously damaged by the failure, and he felt that the inconvenience would be only temporary. The local banks that would happen. He believed that the bank would pay out within a comparatively short time.

Smiley N. Chambers, one of the directors of the bank, said:

"We would have to-day $330,000 in available assets if the Chemical National Bank had not failed. But knowledge of the fact that we had $80,000 tied up in that bank spread among our customers; and they began to draw out their money. By to-day we would have had $62,000 of remittances to make, and Cashier Dougherty says that the daily output to-day would have been swelled by current demands to about $100,000. Other large amounts would have been due in a day or two. It was the future, and the desire to do justice to all, that caused us to take this step."

ASSOCIATED BANKS' STATEMENT.

Called in This Morning, They Agree That Suspension was Inevitable.

The associated banks of the city this forenoon, at the call of President Haughey, of the Indianapolis National Bank, and Vice-Presidents, and President John P. Frenzel, of the Merchants' National, was selected to make a statement to the public. He said:

"Representatives from the clearing-house banks and the other banks were called to the office of the Capital National Bank this morning. All the banks of the city but one were represented. A statement was there made by the officers and directors of the bank as to its condition and the cause of its suspension. The conference was necessarily a very hurried one, the time for the opening of the bank being close at hand. Indeed, before much had been said 9 o'clock arrived, and a large number of people had flocked into the bank to draw their deposits. After a careful canvass of the situation it was unanimously resolved that in the interests of all of the creditors and as a matter of justice to all, the bank should suspend. There was no time to examine the assets of the bank with a view of determining if moneyed assistance should be given.

"It was the opinion of the bankers and the conviction of the directors of the suspended bank that all of the depositors would be paid in full in course of time."

The Clearing-House Banks.

Subsequent to the early meeting of the bank presidents at the Capital office, the banks of the clearing-house met in the city to canvass the situation. The Capital National Bank is not a member of the clearing-house, having left the same soon after joining, several years ago, because the other banks insisted that a more liberal policy should be pursued. It was not thought that the clearing-house bank policy is responsible for the suspension. The banks resolved to stand by each other and to do everything possible to maintain the immunity of the city for accommodations in the shape of loans.

ANOTHER FAILURE AT CHICAGO.

The Columbia National Bank Suspends — Liabilities $1,500,000.

CHICAGO, Ill., May 11. — The Columbia National Bank, of this city, suspended to-day. It has its principal offices in the Insurance Exchange. Its deposits were $1,400,000 and the capital $1,000,000. Rumors that the institution was in trouble have been current for nearly a week. It was not a member of the clearing-house banks and was not in esteem with the other banking concerns of the city. Those who are familiar with its business, should know, say that collections on loans have been poor.

Notices announcing the suspension of the Columbia National Bank were posted on the doors, and a few moments later Bank Examiner J. D. Cook arrived and assumed control in the interests of depositors, and under authority of the controller of the currency. The Columbia National was reorganized two years ago out of the old United States National Bank. Those who are familiar with banking affairs make this showing: Assets — Deposits, $1,400,000; capital stock, $1,000,000. Total, $2,400,000. Liabilities, $1,500,000.

A constant run on the bank since the announcement of the Chemical suspension caused the directors to close the doors. A call for help was made, but as the bankers were not notified until this morning, no sufficient time was allowed for an investigation, and the request was refused.

The Columbia was not a member of the clearing-house. The statement is made by the clearing-house that, to the best of his belief, admission to the association was asked about

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BANK EXAMINERS

Officers Detailed to Take Charge of the Suspended Institutions. WASHINGTON, May 11.-Comptroller Eckels has designated D. A. Cook, bank examiner for Illinois outside of Chicago, to take charge of the Columbia national bank of Chicago, which failed this morning, He also telegraphed Hugh Young, bank examiner for Western Pennsylvania, residing at Pittsburg, to proceed at once to Indianapolis, Ind., and take charge of the Capital national bank of that city.

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NOT IN GOOD STANDING

A Failure That Will Carry Down Country Banks. CHICAGO, May 11.-The Columbia National Bank of this city failed this morning. It had a capital of $1,000,000, and deposits of $1,400,000. Rumors that it was in tronble have been current nearly a week. It did business with small country banks mostly. It was not in esteem among the other city banks. Notices announcing the suspension were posted on the doors and soon after Bank Examiner Sturges took charge of it. By the authority of the Comptroller of the Currency the bank was reorganized two years ago out of the old United States National. The assets are estimated at $2,250,000, of which $1,000,000 are deposits, the remainder discounts. The liabilities are $1,500,000. A constant run since the announcement of the Chemical Bank snspension caused the directors to close its doors. A call for help was made this morning, but there was not time for investigation before responding to it and suspension came. The Columbia was not a member of the Clearing-house. The last statement, May 4, was as follows: Assets-Loans and discounts, $1,624,932; bonds, $341,258; furniture and fixtures, $12,718; exchange, $615,985. Total, $2,584,881. Liabilities-Capital stock, $1,000,000; surplus, $50,000; undivided profits, $41,931; circulation, $45,000; deposits, $1,437,950. Total, $2,594,881. President Wiggins says the immediate cause of the failure was a suit by the Sioux City Loan and Trust Company, which failed a few days ago. The Columbia had $35,000 on deposit with that concern, and the news of this fact led to the run which ended in the bank's collapse. A meeting of the officers and directors was held this afternoon and at its conclusion it was announced that the bank would probably resume busicess in a short time. Cashier Preston of the Metropolitan National Bank, through which the Columbia cleared. said to-night that the failure was not a bad one and that he saw no reason why the suspension should beanything but a temporary one. WASHINGTON, May 11.-Comptroller Eckels has designated D. A. Cook, Bank Examiner for Illicois outside of Chicago, to take charge of the Columbia National Bank of Chicago, which failed this morning. He has also telegraphed Hugh Young, Bank Examiner for Western Pennsylvania, residing at Pittsburg, to proceed at once to Indianapolis, Ind., and take charge of the Capital National Bank of that city. The Comptroller has been notified that the stockholders of the Chemical National Bank of Chicago will make good the impaired capital and resume business, paying all depositors, both the main bank and the World's Fair branch, in full.

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FORCED TO SUSPEND

The Columbia National Bank, at Chicago, Closes Its Doors. CHICAGO, May 11.-The Columbia National bank of this city suspended today. The bank had offices in the Insurance Exchange. The deposits were $1,400,000 and the capital $1 000,000. Rumors that the institution was in trouble have been current for nearly a week. It did business with small country banks and was not in esteem with the other banking concerns of the city. As to the cause of the failure, those who should know say that collections on loans have been poor. The officers of the bank are T. Everingham, president; W. G. Bentley, vice president; Zimri Diggins, cashier; John T. Green, assistant cashier. Notices announcing the suspension of the bank were posted on the doors, and a few moments later James D. Sturges, bank examiner, assumed control in the interest of depositors and under authority of the comptroller of currency. The Columbia National was reorganized two years ago, out of theold United States National bank. Estimates by bankers intimate with its affairs make this showing: Assets, $2,250,000; liabilities, $1,500,000. A constant run on the bank since the announcement of the Chemical suspension decided the directors to close the doors. A call for help was made, but, as the bankers were not notified until this morning, insufficient time was allowed for an investigation and the request was denied. The Colnmbia was not a member of the clearing house. Zimri Dwiggins, the cashier of the Columbia, assigns as the immediate cause of the failure of his bank the suit which was brought against it by the Sioux City Loan and Trust company, which failed a few days ago. The Columbia was the Chicago bank with which the Sioux City concern did business, and their deposit in the bank at the time of their collapse in Sioux City amounted to $35,000. A draft was drawn on the Columbia for this amount. When the draft was presented by a man from Iowa the bank refused payment, claiming that it had loans outstanding against the Sioux City company which equaled the amount of their deposit. Immediately on this refusal of the bank to honor the draft, the company entered suit against the bank. The news of the suit spread and caused a run on the bank, which they were unable to withstand. A meeting of the officers and directors was held this afternoon. and at its con. clusion it was announced that the bank would probably resume business in a short time. Cashier Preston, of the Metropolitan National bank, through which the Columbia National cleared, said tonight that the failure was not a bad one, and that he saw no reason why the suspension should be anything but temporary. WASHINGTON, May 11.-Comptroller Eckels has designated D. A. Cook, bank examiner for Illinois outside of the city of Chicago, to take charge of the Columbia National Bank of Chicago. He has also telegraphed Hugh Young, bank examiner for Western Pennsylvania, residing at Pittsburg, to proceed at once to Indianapolis and take charge of the Capital National bank, of that city. Comptroller Eckels was today advised that the stockholders of the Chemical National Bank of Chicago, whose failure was recently announced, will make good the impaired capital as soon as the exact amount can be ascertained, and the bank will resuine busiit is ness. Every cent, asserted, that the will de- be paid, and it is understood positors at the world's fair branch have already been paid.

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NOT A DOLLAR LOST.

Capital Bank Directors Talk of Resuming Business.

They Make a Statement Asking That Rumors Be Discredited and Judgment Withheld.

No Receiver, Unless the Bank Inspector Recommends One—The Day's Financial Developments—Confidence in the Indianapolis Banks.

Inside the doors of the suspended Capital National Bank there has been a reaction today from the gloom which prevailed yesterday. The officers and employes seem to be entirely hopeful of the future. There were reports on the street early this morning that the bank would resume business. President M. B. Wilson was found at the bank before 9 o'clock. He did not think the suspension was necessarily permanent.

"Our securities are all right," he said. "When the bank examiner looks over our paper he will find it as good as we have represented. Our assets are ample. All we have needed is ready currency."

If the Chemical National of Chicago resumes business at once, it is likely that the Capital will make an effort to stand up again. The opinion on the street and among other bankers is that some difficulty may be experienced if the bank attempts to re-establish itself, but that such a course is not impossible. There seems to be general concurrence in the opinion that the depositors will or ought upon the showing of assets to lose little or nothing.

PERFECT SERENITY.

The failure has had scarcely a perceptible effect upon the banks and business of the city. There is general regret over the failure, but it is accompanied with the belief that the vital business of the city is upon a sound and impregnable basis. The other banks are conducting their business with the utmost serenity.

GOOD YELLOW GOLD.

It is a fact now mentioned with some pride by the Indianapolis bankers that they have been long prepared for any emergency. Many of them have been hoarding gold for months and snugly stowed away in their vaults is an immense per cent., amounting in some instances, to about 40 per cent. of the total deposits in gold alone.

Just what the banks of Indianapolis can do in an emergency like this has been demonstrated in the last forty-eight hours. In every vault are great piles of money and at the cashier's hands bundles of cash. One bank has in its vault nearly $2,000,000 in Government bonds and over $900,000 in piles of glittering gold and stacks of crisp banknotes.

THE BANK IS SOLVENT.

Statement of the Capital Directors—Probability of Resumption.

The directors of the Capital National today gave out for publication the following statement:

The suspension of the Capital National Bank of Indianapolis can not result in the loss of a dollar to a single depositor. The bank is more than solvent; the stock is worth more than par. The stockholders are as a rule business men, and, if such a contingency were possible, understand that they must make good any deficit to depositors out of their private funds.

The line of discounts are as clean and good as can be found in any bank in the city.

The suspension of the bank's correspondent at Chicago, Ill.—the Chemical National Bank of that city—precipitated a run upon the Capital that the officers and directors deemed they could not stand unaided, and was so soon that time did not exist in which to obtain help.

We are accused of having run a bank too liberally.

We have attempted to treat all our patrons fairly, and have not loaned to any unreliable parties.

We have made no losses by our discounts, and no department of the bank has been run at a loss.

Our suspended paper is small in value, and will all ultimately prove good.

We will lose nothing by the suspension of the Chemical.

We hope to resume business in a short time and demonstrate the truthfulness of our statement that the bank is able to meet all liabilities.

Depositors are asked to discredit all rumors purporting to emanate from us as to the amount of deposits, discounts, etc., as our plain duty is to preserve the business of the bank with its patrons as secret and inviolate.

And we also ask them to withhold all action and judgment until an official statement by the examiner is made, showing the exact condition of the bank.

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Examiner in Charge

INDIANAPOLIS May 13 Bank Exam iner Hugh Young took charge of the suspended Capital National bank this morning. The directors told him they wished to continue, but he gave no as surances. He began the examination at once,

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Indianapolis Bank Fails

The Capital National Bank of Indianapolis has suspended. The failure was caused by the collaise of the Chemical National Bank at Chicago and the failure of the Premier Steel Works

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WILLIAM C

RENFROW was inaugurated governor of Oklahoma on the 10th, but he is not governor yet, for President Cleveland has declined to sign his commission until he can incertain convention intervestigate THE biennial charges against of the him. national Y. M. C. A., at Indianapolis, Ind., met on the 10th with a large attendance. THE Vermont building at the world's fair was dedicated on the 10th and the event brought many New Englanders to witness it. THE Bank of Santa Clara County, Cal., closed its doors, having discovered an embezzlement of nearly $200,000. THE village of North Galveston, Ind., was almost totally destroyed by fire and five lives were lost in the flames. THOMAS NELSON PAGE, the southern novelist, will be married June 8at Elmhart. Ill., to the widow of the late Henry Field, of Chicago. A MARRIAGE license was issued at Clinton, Ia., for a boy of 16 and a girl of 13, the parents of each having given their consent. THE boilers in the electric light plant at La Junta exploded destroying the building, wrecking a planing mill near by and killing Charles Sheppard, the engineer. By the burning of the postal car near Goodrich, Cal., the entire eastern edition of the California Magazine for May was destroyed. THE Oklahoma G. A. R. has been in session at El Reno. THE mutilated remains of two men were found in a barrel at Kansas City, Mo. Investigation showed that medical students had been perpetrating an old'and horrible hoax. THE Columbia National bank of Chicago failed on the 11th. THE Capital National bank of Indianapolis, Ind., failed on the 11th. THE fifth annual congress of the Scotch-Irish Society of America met at Springfield, O., with President Robert Bonner, of New York, in the chair and many distinguished men as delegates. FIRE at Spring Lake, Mich., started by a spark from a passing steamboat, caused a conflagration which destroyed half the town. THE committee investigating the misconduct of Theodore Thomas, musical director at the world's fair, recommended that he be dismissed. JESSE JACKSON, Scott Bunner and Edward Newcomb, of the gang that blew up the Santa Fe express car at Wharton, I. T., last November and secured only a basket of grapes for their trouble, pleaded guilty and were sentenced to two years in the penitentiary. Gov. BOIES, of Iowa, has appointed a committee to investigate the report that Dr. Hill and his attendants of the state insane asylum had been guilty of brutal and inhuman treatment to patients, resulting in several mysterious deaths. THE failure of the Bank of Santa Clara, Cal., is now believed to be complete, all the assets having been wiped out. There are well-grounded reports of fraud, involving men of reputed wealth and much prominence. IT has been decided that for the present $1 shall be the price of an Isabella souvenir quarter. At this rate the board of lady managers will realize $40,000 out of the $10,000 appropriated to the woman's department of the world's fair-a bit of financiering unequaled by any act of the men connected with the exposition. THE houses of three prominent citizens who are prosecuting saloon cases at Muscatine, Ia., were blown up by dynamite. No fatalities resulted. AT a meeting of the local directory of the world's fair it was decided to open the world's fair on Sunday, May 21. A TORNADO SWEPT through Livingston county, Mich., doing a great amount of damage to farm property. QUITE a number of bank failures in Indiana resulted from the suspension of the Columbia National of Chicago. TROUBLE with the Navajos has been averted by the intervention of Chief Black Horse, who has succeeded in getting the murderers of Ranchman Welsh delivered up.

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Assistant Adjutant General

The Capital National bank of Indianapolis, has suspended. The state bank examiner is in charge and a statement will be had soon. The statement is made that the closing of the bank doors was made necessary by the closing of the Chemical National Bank of Chicago, which institutionowed-the Capital some $100,000.

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MISCELLANEOUS

THE prominent firm of Brueder & Wolf, manufacturers of carpets, Vienna, has failed. The liabilities are 1,000,000 florins. THE Capital National bank of Indianapolis, Ind., failed on the 11th. THE fifth annual congress of the Scotch-Irish Society of America met at Springfield, O., with President Robert Bonner, of New York, in the chair and many distinguished men as delegates. THE Columbia National bank of Chicago failed on the 11th. THE big levee at Lakeport, on the Mississippi, broke the other morning, flooding portions of Arkansas and Mississippi. FIRE at Spring Lake, Mich, started by a spark from a passing steamboat," caused a conflagration which destroyed half the town. THE committee investigating the misconduct of Theodore Thomas,musical director at the world's fair, recommended that he be dismissed. A POLICEMAN and four members of a drunken mob were killed in a collision at Durango, Mex. THE New York Central engine 999, which made a record of 100 miles an hour, beat the record by doing a mile in thirty-two seconds, which is equivalent to 1121/4 miles an hour. THE number of Chinamen complying with the registration law was 3,303about 8 per cent. FRANCIS H. WEEKS, a New York lawyer and defaulter, has fled. He owed margins to brokers and lost trust funds in speculation. NEW YORK banks make a better showing than for over a year. THE United States coast survey steamer was reported aground in the St. Lawrence. THE liabilities of Robinson & Co., the bankers of Wilmington, Del., are at $325,000 and suspended placed assets at had $200,000. The Knights of Pythias a large amount of the order's money in the bank. THE great sewing machine trust has died in its incipienoy. After the general details had been arranged and the combination of five companies had been believed assured the Domestic people suddenly announced that they did not care to consolidate. AT a meeting of the local directory of the world's fair it was decided to open the world's fair on Sunday, May 21. A TORNAI swept through Livingston county, Mich., doing a great amount of damage to farm property. CLEARING house returns for the week inended May 11 showed an average crease of 10.0 compared with the corre- New sponding week of last year. In York the increase was 12.9. QUITE a number of bank failures in Indiana resulted from the suspension of the Columbia National of Chicago. THE Robinson bank at Wilmington, Del., has failed. THE whisky house of W. H. Thomas & Son, an extensive concern at Louis ville, Ky., has failed. Liabilities over $500,000; assets as much TROUBLE with the Navajos has been averted by the intervention of Chief Black Horse, who has succeeded in get ting the murderers of Ranchman Welsh delivered'up Two masked men held up a Mobile Ohio train at Laketon, Ky., but gotvery little. S.T.K. PRIME, of crop report fame, in an interview says the financial condition of the farmers of the west and southwest is of the best.

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BANK REFORM.

Suggestions Dealing With Evil Practices of Bank Officers.

A DESIRABLE BILL LOADED DOWN.

Consequently It Was Killed in Congress- Loans to Bank Officers and Other Bad Doings to Be Watched.

WASHINGTON, May 24.-Among the recommendations which are to be made to the next congress by the secretary of the treasury is a measure to limit the loaning of money of national banks to their officers and directors and to require a recorded yea and nay vote when loans to such officers are made. Such a bill was introduced in the last house and went through that body without much opposition, but it was loaded down in the senate by an amendment offered by Senator Sherman increasing the circulation of the banks to the par value of their bond deposits. This threw the bill into conference committee, and the conference report was never called up in either house.

The new comptroller of the currency has had his attention forcibly called to the need of such legislation by several of the recent failures in the west. Big loans to officers had much to do with the failures of the Capital National bank of Indianapolis, the First National bank of Cedar Falls, Ia., and the Brunswick, Ga., banks. The officers of the Iowa bank were engaged in running a stock farm and borrowed largely of the bank to keep the farm going. Comptroller Eckles would like to break up such practices, and will do it as far as he can without waiting for new legislation. He will instruct his examiners to scan the books of the bank closely for cases of loans to officers, and will direct attention to the fact that he does not approve them.

Another point to which the new comptroller is directing his attention is the original issue of bank charters. He proposes to exact additional guarantees of the standing and financial resources of the men who ask for charters, and will endeavor to satisfy himself of their responsibility before granting the authority, which is in his discretion, "to commence the business of banking." He will probably require from each incorporator a personal statement of his assets and liabilities and will ask the members of congress from the district to give some personal attention to the truthfulness of such representation before affixing his indorsement, as he is now called upon to do under the regulations of the treasury department. Mr. Eckles believes that it is useless to authorize institutions which are not strong enough to stand permanently on their feet, and that some discrimination should be exercised in authorizing them in communities already largely equipped with banking facilities.

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REFORM DEMANDED

Evil Practices of Bank Officers to Be Looked Into-The Cause of Late Failures. WASHINGTON, May -Among the recommendations which are to be made to the next congress by the secretary of the treasury is a measure to limit the loaning of money of national banks to their. officers and directors and to require a recorded yea and nay. vote when loans to such officers are made. Such a bill was introduced in the last house and went through that body without much opposition, but it was loaded down in the senate by an amendment offered by Senator Sherman increasing the circulation of the banks to the par value of their bond deposits. This threw the bill into conference committee, and the conference report was never called up in either house. The new comptroller of the currency has had his attention forcibly called to the need of such legislation by several of the recent failures in the west. Big loans to officers had much to do with the failures of the Capital National bank of Indianapolis, the First National bank of Cedar Falls, la. and the Brunswick, Ga., banks. The officers of the Iowa bank were engaged in running a stock farm and borrowed largely of the bank to keep the farm going. Comptroller Eckles would like to break up such practices, and will do it as far as he can without waiting for new legislation. He will instruct his examiners to scan the books of the bank closely for cases of loans to officers, and will direct attention to the fact that he does not approve them.

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REFORM DEMANDED

Evil Practices of Bank Officers to Be Looked Into - The Cause of Late Fallures. WASHINGTON, May 24.-Among the recommendations which are to be made to the next congress by the secretary of the treasury is a measure to limit the loaning of money of national banks to their officers and directors and to require a recorded yea and nay vote when loans to such officers are made. Such a bill was introduced in the last house and went through that body without much opposition, but it was'loaded down in the senate by an amendment offered by Senator Sherman increasing the circulation of the banks to the par value of their bond deposits. This threw the bill into conference committee, and the conference report was never called up in either house. The new comptroller of the currency has had his attention forcibly called to the need of such legislation by several of the recent failures in the west. Big loans to officers had much to do with the failures of the Capital National bank of Indianapolis, the First National bank of Cedar Falls, Ia., and the Brunswick, Ga., banks. The officers of the Iowa bank were engaged in running a stock farm and borrowed largely of the bank to keep the farm going. Comptroller Eckles would like to break up such practices, and will do it as far as he can without waiting for new legislation. He will instruct his examiners to scan the books of the bank closely for cases of loans to officers, and will direct attention to the fact that he does not approve them.

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Capital Bank Will Reopen.

INDIANAPOLIS, May 31.—The Capital National bank has the consent of the comptroller to resume business. Upon the return of Cashier Doherty from Washington a meeting of the directors will be held and arrangements will probable be completed to reopen Monday.

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Suspended Bank Will Resume

WASHINGTON, June 3.-As the result of a conference between Comptroller Eckles ard the officials of the failed Capital National bank of Indianapolis this morning, the comptroller announced that the bank would probably resume in about two weeks.

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Suspended Banks May Resume

Comptroller Eckels of the Treasury Department says that there are indications that the Chemical National Bank, of Chicago, and the Capital National Bank, of Indianapolis, Ind., will resume business.

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The Capitol National bank of Indianapolis, which suspended May 11. resumed business yesterday, and ended the day with more money than it had at the beginning Confidence is coming out of the woods.

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Resumed Business

INDIANAPOLIS, June 19.-After five weeks' suspension the Capital National bank resumed payment today. The suspension was precipitated by the failure of the Chemical National Bank of Chicago, in which the Capital had something like $80,000.

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HAS REOPENED ITS DOORS

Public Confidence in the Capital National Bank Well Demonstrated. No Indications of a Run, and Deposits Came Close Up to the WithdrawalsOfficials Well Satisfied. The suspended Capital National Bank opened for business promptly at 9 o'clock yesterday morning. and when the curtains were pulled down at the usual hour in the evening, the total amount of the deposits received during the day almost equaled the amount of the withdrawals. It was an unusual circumstance in the history of suspended banks resuming. and it speaks volumes for the general business confidence in Indianapolis. The bank had $800,000 in cash ready to pay out if demanded, but the withdrawals did not exceed one-tenth this sum. At no time was there a heavy run, not over twenty-tive people being in line at the paying-teller's window at one period of the morning. In the afternoon it seemed that the bank was transacting its usual volume of business. The heaviest demands of the day were from small depositors and people who had received checks on the bank just before the suspension. Bank Examiner Hugh Young turned the institution over to the officials at9 o'clock, for at that hour his supervision ended. There were hardly half a dozen depositors at the doors at that hour and the first man to withdraw his deposit was a laboring man. Like others who followed him, he explained that he had confidence in the bank but needed the money which had been tied up. This was the general explanation of those who took out the sums they had in the bank. Within ten minutes after the opening the line of depositors increased to fifteen, and about that time men began to come in to make deposits and show their confidence in the institution and its new management. Many of these were South Meridian-street merchants. Other depositors came, and, after sizing up the situation, went away without asking for their money. On the Daying teller's desk were huge heaps of greenbacksand coin. Whenever the crowd threatened to become large a second Daying teller was put to work, and in this manner the line was thinned out at a rapid rate. The light run lasted about an hour. At noon Examirer Young stated that the bank had paid out about $50,000 and had received in deposits about $40,000. He was surprised that the demands were not greater, and intimated that it would have been better if the small depositors had, for the most Dart, been paid off at once. He thought when the bank opened the first days' withdrawals would amount to at least $200,000. The day's business, he said, showed an excellent financial condition in the city. President Byram was much gratified at the outcome. He said the deposits far exceeded his anticipations. One of the deposits amounted to $10,000. He said the bank had not yet considered the matter of entering the clearing house association. A policy will be determined upon as soon as the bank gets in good working order. Examiner Young left for Pittsburg yesterday afternoon. He has made many friends here during his stay.

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MUCH OVERSTATED The Effect of the Times on National Banks. ECKELS GIVES THE TRUE FIGURES. Number of Failures Multiplied by Two by the Press-Only 103 in the Hands of the Comptroller and Many Resuming Business, While Others Are Authorized So to Do-Some Late Collapes. WASHINGTON, July 29. - "Recent dis ptches having appeared in the newspapers," said Comptroller of the Currency Mekels to a reporter, "that since Jan. 1, 1893, 200 national banks have failed, I have prepared a statement that the public may be property informed. Instead of 200 having closed their doors but 105 have gone into the hands of the comptroller of the currency. Fourteen of this number have already resumed business under favorable conditions and possessed of the confidence of the communities where they are located, and during the ensuing week its is expected several others will have complied with the requirements of the comptroiler and reopened, while prior to Sept. 1 an equal number will resume. Out the total of 105 closed but thirty-seven have gone into the hands of receivers, the balance either having reopened or are still in the hands of examiners with strong prospects of reopening. Some Further Financial Facts. "Five of the 105 banks are capitalized in the amount of $1,000,000, one at $600,000, six at 85 0,000 thirty-six at $50,000, and the remaining at $300,000, $250,000. $100,000 and less, but more than $50,000; the greater number, however, being from $100,000 to $150,000. By ge graphical sections the failures are distributed as follows: New England states, 2: Eastern states, 2: Middle and Mississippi valleystates, 15: Northwestern states, 6: Western states, 55: Southern states, 25. Twenty-one states and territories have reported no national bank failures, as follows: Alaska, Arkansas, Delaware. Idaho, Louisiana, Maryland, Minnesota, New Jersey, Rhode Island, Vermont, West Virginia, Arizona, Connecticut. District of Columbia, Indian Territory, Maine, Massachusetts, Nevada, Pennsylvania, South Carolina, Virginia, Where Banks Have Stood the Strain. "No national banks have failed in Boston, Brooklyn, Philadelphia, Pittsburg, Baltimore, Washington, Buffalo, Cincinnati. St. Louis, New Orleans, San Fransisco, Minneapolis, St. Paul and numbers of other great commercial centers, and but one has closed in New York, two in Chicago and one in Milwaukee. The causes of the failures in New York and Chicago were due largely to mismanagement, as were numbers of others. Local scares have caused many of late to suspend. Nine of the banks failed were robbed by officials, who are now under arrest." The compt.ollen said that fourteen other national banks have been authorized to resume business, one being the Capital National at Indianapolis and the others located at California, Texas, Utah, Washington, Missouri and Kentucky points. He added: "Many more will reopen, as the majority of those recently failed are absolutely solvent and only closed through an unwarranted lack of confiden e in them, causing disastrous runs. There areat this date 3,752 national banks in operation."

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BUSINESS TROUBLES

Some of the Wrecks Caused by the Great Financial Depression. JANUARY. 6. Wickham & Co., wholesale fish dealers of Huron. O., failed for $250,000. FEBRUARY. 2. The First National bank of Little Rock suspended. 8. The banking house of F. V. Rockatellow at Wilkesbarre, Pa., closed its doors. 93. Beaupre, Keogh & Davis, wholesale grocers, assigned in St. Paul: liabilities over $400,000. MARCH. 13. The Atkinson House Furnishing company of Maine assigned in Boston: liabilities, $1,500,000. 14. The Kansas Trust and Banking company, at Kansas City, suspended, with liabilities of $800,000. 23. Dobbins & Dazy, cotton brokers. assigned in Nashville: liabilities, $1,000,000. APRIL. 7. The Northwestern State bank of Sibley, la., closed its doors; liabilities, $150,000. 12. The English, Scottish and Australian Chartered bank failed, with liabilities of £8,000,000. 20. The Australian Joint Stock bank failed for £13,000,000. 22. The Barik of Milbank, S. D., assigned, with liabilities of $100,000. 25. The Union Loan and Trust company of Sioux City closed its doors: liabilities, $750.000. 30. The National Bank of Australasia failed for £7,500,000. MAY. 1. F. H. Weeks, president of the Land and River Improvement company, West Superior, Wis., assigned. 8. H. H. Warner, the patent medicine manufacturer of Rochester, assigned: liabilities estimated at $500,000. 9. The Bank of Victoria, at Melbourne, suspended, with £2,400,000 liabilities. 11. The Capital National bank, at Indianapoled. lis. 8" R. Jinson & Co., bankers of Wilmington. Del., failed, with liabilities of over $326,000. 12. The Sioux City (Ia.) Engine works suspended; liabilities, $200,000. Thomas & Sons, whisky dealers in Louisville, failed owing from $150,000 to $400,000. 13. Bank failures at Orleans and Rossville, Ind., at Freeport, O., and Rockford, Mich. Steel company at Bellville, Ills., placed in hands of a receiver. Kendall & Smith, grain dealers of Lincoln, Neb., failed for over $250,000. 15. Erastus Wiman, & New York capitalist, made an assignment. 26. Ex-Secretary of the Treasury Charles Foster of Fostoria, O., assigned, with liabilities of nearly $1,000,000. 28. National banks at Fargo and Lakota. N. D., closed by the comptroller. JUNE. 5. The Kansas Grain company, owning 106 elf evators, failed. JULY. 18. Exciting bank panic in Denver. 25. The Erie railway went into the hands of receivers; the floating debt is $6,000,000. AUGUST. 2. The North American Packing and Provision company assigned in Chicago, with $750,000 liabilities. 4. Receivers were appointed for the business of J. H. Walker & Co., dry goods dealers, who succeeded to the Chicago trade of A. T. Stewart & Co.: debts, $2,000,000. 1 N. L. Carte & Co., the old tin plate importers, assigned in New York city: liabilities, $850,000. 9. R. H. Coleman, the "Iron King" of Lebanon, Pa., assigned. S DECEMBER. 1. Abe Stein & Co., heavy importers of goat skins, hides, etc., failed in New York for over $1,000,000. 4. Green B. Raum, Jr., general merchant and Indian trader at Perry, O. T., failed. The Citizens' National bank of Grand Island, n Neb., closed its doors. 5. N.J. Schloss & Co., wholesale clothiers in New York, assigned.