First National Bank (Palouse, WA)

Article Text

ONLY TEMPORARY

PELOUSE, Washington, June 7.The First National bank closed its doors this morning. (The officers say the suspension is only temporary, and is due to the failure of the bank of Spokane. It has a capital and surplus of $100,000. At the last statement it had $30,000 deposits.

Article Text

Mr. Eckels Talks on the Situation. ALL THE BANKS ARE SOUND. That Is, All of Them in the Financial Centers Are in Good Condition. Special to THE MORNING CALL W ASHINGTON. June -Comptroller of the Currency Eckels to-day said he bad been watching the New York and Chicago banks closely, because break there would be serious thing. and that be was satisfied that the banks were in strong condition. As to Philadelphia the same thing is true. Senator Manderson. President pro tem. of the last Senate, said to-day be did not believe the situation to be nearly as bad looked. "We are," he said, "more frightened than hurt: that is. there is no foundation for as much alarm as felt.' Speaking of the prospects of repealing the Sherman law, he said: "The Sherman law cannot be repealed by the next Congress unless there is substituted for free coinage of gilver in some form. They m put more silver in dollars, but free coinage will be insisted upon as the condition of the repeal of the Sherman law." The Comptroller has directed Bank Examiner E.T. Wilson to take charge of the Citizens National Bank and the Washington National Bank of Spokane, State of Washington, which closed their doors yesterday. SPOKANE, Wash., June 7.-A better feeling prevails to-day, with indications that the storm has passed. The banks opened on time this morning and announce that they are prepared for all comers. There is no crowd at either bank. It IS impossible to obtain statements of the exact liabilities and assets of the suspended banks. Bank Examiner Wilson is here and the bookkeepers are work preparing information, but for the present the officers refuse to give out the exact figures. All say, however, that the assets will largely exceed the liabilities. Merchants and others are offering to take certificates of deposit and checkson any of the suspended banks at par, and depositors refuse less. As time clears up the situation it becomes more and more apparent that the flurry was unjustifiable. The suspensions were purels accidental. The officers and directors of the Wash ington National, Washington Savings and Citizens' National banks are planning to resume business. Bank Examiner Wilson is working on the books of the suspended Citizens' and Washington National banks. To-day he inspected the affairs of the Citizens' and He to-night he is at the Washington. promptly telegraphed to the Comptroller C Currency that it was a pity to place the Citizens' in the hands of the receiver and recommending that it be allowed and encouraged to resume. As a result the officers of the bank are making preparations to open on stronger basis It is confidently expected that Wilson will make a similar recommendation for the Washington National, whose officers are also expected to resume. The Bank of Spokane Falls was private institution, and therefore the bank examiner will not investigate its affairs. Proof of the fact that the suspension was nominal is had, however, in the circumstance that no attachments have been served. It is not likely that any will be. Mr. Cannon will readjust its affairs himself and will also probably resume the banking business after he has taken a much-needed rest. PALOUSE, Wash., June -Yesterday morning the First National Bank of this city failed to open its doors at o'clock, but instead a notice was posted on the door which read: "This bank is closed temporarily." It was signed by the vicepresident and cashier. W. C. Wheeler and C.T. Cross. The bank's capital and surplus is $100,000, while it owns fine building and office as well as real estate. The last published statement, however. showed deposits subject to check of about $33,000. while the cash on hand was about $7000. The difficulty is directly chargeable to the Spokane failure. The security of the State Bauk and the Palouse Farmers' Bank appears to be but little affected by the thouble. MINNEAPOLIS. June 7.-The rumor that the Northern Pacific and Red River ley Elevator companies were temporarily embarrassed is confirmed by the statement from the general manager of the Northerd Pacific Elevator Company that the corporation will ask for the appointment of a receiver. This means that the Red River Valley Company will do the same, as the capital interested in each is the same. The capital stock of the Northern Pacific is $650,000 and that of the Red River Valley Company $250,000. President Rupley of the Northern Pacific will not be here until to-morrow, and no statement as to assets and liabilities can be made until then. The embarrassment is attributed to the prevailing uncertainty and the lack of confidence felt by banks FARGO, N. D., June 7.-Attachments were served at noon to-day upon all the elevators and other property of the Northern Pacific Elevator Company in Northern Dakota on attachments for $400,000 at the instance of banks in Montreal, Minneapolis and Duluth. There are fifty elevators belonging to the company in North Dakota. WHEATLAND, N. D., June 7.-The Northern Pacific Elevator was closed today on an attachment for the Canadian Bank of Commerce in Montreal, John Henry Harrison and Al Harrison and Alfred E. McCormick. CHICAGO, June 7.-Joseph Rathbone & Co., dealers in lumber, made an assignment this morning. The assets are scheduled at $500,000; liabilities at $250,000. Inability to realize on commercial paper given as the cause of the failure. NEW YORK, June 7.-The Sugar Trust officials ridicule the revived rumor that the company is carrying large floating debt. They declare the company has been a large lender of money, and from the present time to October the biggest earnings of the year are to be made. The direct liabilities of Erastus Wiman s scheduled is $591,000; contingent, $315,000. The assignee estimates the real estate in his possession sufficient to pay the direct indebtedness unsecured by collateral, and the surplus of the collateral, together with interests in various companies,

Article Text

Receiver for a Hotel Company

CHATTANOOGA, TENN., June 7.-The attorneys representing the Columbia Finance and Trust Company of Louisville, who are trustees under the bondholders and acting in sympathy with the latter, asked Judge Key this morning to name a receiver for the Cumberland Gap Hotel Company, the most important part of the property being Four Seasons Hotel at Harrogate, which has been a resort of New York fashionable people. The applicants for a receivership claim that the appointment was asked merely for the purpose of reorganization. The management remains the same and no change is to be made in the conduet of the hotel. Mr. Lionel Graham, president of the hotel company, is named as receiver. The liabilities are, with the exception of an insignificant amount, the bonded indebtedness of the company$350,000. The assets, conservatively estimated, are $750,000. Small Business Failures. KALAMAZOO, MICH., June 7.-The Winans-Pratt Carriage Company made an assignment yesterday. Liabilities and assets unknown. BEATRICE, NEB June 7.-The State Bank at Cortland closed yesterday. It is a small institution. CHICAGO, ILL., June 7.-Joseph Rathbone & Co., lumber dealers, made a voluntary assignment this morning. The assets are scheduled at $500,000, and the possession of the company's property. The firm is composed of Joseph Rathbone and Morton Butler. Inability to realize on commercial paper is given as the cause of the assignment. BEDFORD, IND., June 7.-The Bedford Bank suspended yesterday. Currency for Chicago and the West. NEW YORK, June 7.-Over $1,000,000 in currency was shipped to-day by New York banks to Chicago. Demands from banks in Cincinnati, Cleveland and other parts of the West brought the total shipments up to $1,500,000. Application was made at the sub-Treasury for a telegraphic transfer of $700,000 to San Francisco. An order for $100,000 was filled, for which gold certificates were received. The Chicago Raids Not So Heavy. CHICAGO, June 7.-With one exception -the Hibernian Savings Bank-the runs inaugurated on the various savings deposit institutions are not nearly so heavy to-day, the crowds being less than half as large as yesterday. At the Hibernian the long line of depositors was confronted for the first time this morning by the notice that a thirty-days' notice would be required on deposits of $100 or less and sixty days on amounts above that figure. PALOUSE, WASH. June 7.-The First National Bank, of this city, closed its doors this morning. The suspension is due to the failure of the Bank of Spokane. The bank has a capital and surplus of $100,000, and deposits of about $30,000.

Article Text

Carried Down by Spokane Failure

PALOUSE, Wash., June 7.-The First National bank closed its doors this morning. Officers say the suspension is only temporary, and due to the failure of the bank of Spokane. It has a capital and surplus of $100,000 and at the date of last statement had $30,000 in deposits.

Article Text

Palouse Bank Opens

PALOUSE, Wash., June 8,-The First National, which closed Tuesday morning, will open for business tomorrow at noon. The bank was in first-class condition when closed, but did not have the ready cash to meet the run caused by news of the failure of the Band of Spokane Falls. The stockholders and nearly all the large depositors had the utmost confidence in the bank, and did not worry in the least, Plenty of money has been secured by Cashier Cross to more than meet all the claims of depositors which can be presented. The fact that the bank could secure aid in the present crisis demonstrates the high position it holds in financial circles, A large meeting of depositors was held today at which the most implicit confidecce in the management and reliability of the bank was expressed. There is no further danger of a panic, All three Palouse banks are solid. Cashier Cross has announced that the bank will open for business tomorrow.

Article Text

CRASHES AT OTHER POINTS

The following is a summary of the financial disasters recorded Tuesday: Maintowor, Wis.-State Bank of Maintowoc after standing a three weeks' run. Defiance, 0.-Andrew Sauer's Savings Bank: liabilities, $100,000; assets $150 000. Boston.-Potter & Potter, magazine and newspaper publishers; liabilities $100,000. Philadelphia.-Same E. Prince. marble quarryman; liabilities $100,000; nominal as. setts $250,000. Troy. N. Y.-Neber & Carrenter. private bankers and brokers; liabilities, $235,000; actual assets, $131,000. Three Rivers. Mich.-Bank of Three Rivers, capitalization, $10,000; accounts due depositors at last statement, $60,000. Spokane, Wash.-Washington National and Washington Savings Banks; assets in excess of liabilities. Racine, Wis.-A run is in progress on the Manufacturers' National Bank. At Madison the First National is being subjected to a heavy run. Two Rivers, Wis.-The Bank of Two Rivers failed. The owner, David Becker, is not in the city. Evanston, III.Charles S. Winslow has been appointed receiver of the Evanston National Bank, Spokane. Wash.-The Comptroller has directed Bank Examiner E. T. Wilson to take charge of the Citizens' National Bank and the Washington National Bank. New Albany. Ind.-The New Albany Banking Company closed its doors owing to the fall of the Bedford Bank. Assets claim. ed, $212.000; liabilities. $100,000. Bedford, Ind.-The Belford Bank has suspended after a run. Palouse, Wash.- The First National Bank has suspended, owing to the Bank of Spokane's failure. Chicago-Joseph Rathbone & Co., lumber dealers. have assigned. Scheduled assets, $500,000. The run on the Banks has ceased. Cleveland, 0.-A run is in progress on the St. Clair street branch of the East End Savings Bank Company. No cause except fail 'rres in other cities.

Article Text

IN THESE days of suspensions and failures it is gratifying to note that many of them are due only to temporary embar rassments and that many of the reputed bursted banks are over their trouble and are again doing business. Among those which have re opened during the last few days are: Gate City National Bank, At lanta, Ga.: First National Bank, Los Angeles, Cal.; First National Bank, San Diego, Cal.: First National Bank, Santa Anna, Cal; First National Bank, San Bernardino, Cal: the Southern California National Bank, Los Angeles, Cal: Merchants' National Bank, Fort Worth, Tex.; Second National Bank, Ashland, Ky.; Capital National Bank, Indianapolis, Ind: First National Bank, Palouse City, Wash; Washington National Bank, Spokane Falls, Wash; National Bank of Commerce, Provo City, Utah, and First National Bank, Cisco, Texas.

Article Text

It is to be observed that in twenty-one States and Territories there have been no !ailures of National banks, viz: In Alaska, Arizona. Arkansas, Connecticut. Delaware, District of Columbia, Idabo, Indian Territory, Louisiana, Maine, Maryland, Massachusetts, Minnesota, Nevada, New-Jersey, Pennsylvania. Rhode Island, South Carolina, Vermont, Virginia and West Virginia. It is further worthy of note that no National banks have failed in Boston, Brooklyn, Philadelphia, Pittsburg, Baltimore, Washington, Buffalo, Cincinnati. St. Louis, New-Orleans, San Francisco, Minneapolis, St. Pan! and numbers of other great commercial centres: and that but one has closed in New-York, two in Chicago. and one In Milwankee. The cause of the failures in NewYork and Chicago was 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 following National banks have been authorIzed by the Controller of the Currency to resume business: Gate City National Bank, Atlanta, Ga.: First National Bank. Los Angeles, Cal.: First National Bank, San Diego, Cal.: First National Bank, Santa Ana, Cal.: First National Bank, San Bernardino, Cal.: Southern California National Bank, Los Angeles, Cal.: Merchants' National Bank. Fort Worth, Tex.: Second National Bank, Ashland, Ky.: Capital National Bank, Indianapolis.: First National Bank, Palouse City, Wash.: Washington National Bank, Spokane Falls, Wash.: National Bank of Commerce. Provo City, Utab: First National Bank. Cisco, Texas: Missouri National Bank, Kansas City, Mo. Many more will reopen, as the majority of those recently failed are absolutely solvent, and only closed through an unwarranted lack of confidence in them, causing disastrous runs. Resume: Number now in operation, 3,785: number failed since January 1, 1893. 105; number reopened, 14: number In hands of receivers, 33: number In hands of Bank Examiners, with application to Controller for resumption, 58.

Article Text

SusNo. now Sus. No. now in or pendpend. in oned. eration STATE ed. eration. STATE. 5 132 Nebraska 29 1 Alabama 22 5 Nevada Arizona 2 51 N. H'pshire. 10 Arkansas 102 26 6 New Jersey. California 1 10 15 New Mexico. 38 Colorado 2 335 New York 84 Connecticut 23 1 N. Carolina 18 Delaware 3 % N. Dakota 13 Dist. Colum 2 241 17 2 Ohio Florida 5 29 3/Oklahoma Georgia 38 2 13 Oregon Idaho 213 3 Penasylvaia. 397 Illinois 59 3 Rhode Isl'd 115 Indiana 6 14 S. Carolina Indian Ter 22 40 28. Dakota 168 Iowa 3 51 6 Tennessee 136 Kansas 7 223 6Texas 81 Kentucky 3 10 20 Utah Louisiana 49 83 Vermont Maine 36 68 Virginia Maryland 10 269 Washington. 61 Mass'ch's'ts 30 2 101 W. Virginia. Michigan I 80 Wisconsin 77 Minnesota 12 1 I 12 Wyoming Mississippi. 3 76 Missouri 105 Totals 6 3,785 31 Montana "It is to be observed that in twenty one states and territories there have been no failures of national banks, viz: In Alaska, Arizona, Arkansas, Connecticut, Delaware, District of Columbia, Idaho, Indian territory, Louisiana, Maine, Maryland, Massachusetts, Minnesota, Nevada, New Jersey, Pennsylvania, Rhode Island, South Carolina, Vermont, Virginia and West Virginia. "It is further worthy of note that no national banks have failed in Boston, Brooklyn, Philadelphia, Pittsburgh, Baltimore, Washington, Buffalo, Cincinnati, St. Louis. New Orleans, San Francisco, Minneapolis, St. Paul and numbers of other great comme cial centers, and that but one has been closed in New York, two in Chicago and one in Milwaukee. The cause 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 named were robbed by officers who are now under arrest. "The following nation al banks have been au thorized by the comptroller of the currency to resume business: Gate City national bank, Atlanta, Ga: First national bank, Los Angeles, Cal: First nat ional bank, San Diego, Cal: First national bank, Santa Ana, Cal: First national bank, San Bernardino, Cal; the Southern California national bank, Los Angeles, Cal: Merchants' national bank, Fort Worth, Tex: Second national bank, Ashland, Ky.: Capital national bank, Indianapolis, Ind.: First national bank, Palouse City, Wash: Washington national bank, Spokane Falls, Wash National bank of commerce, Provo City, U. T.; First national bank. Cisco, Tex.; Missouri national bank, Kansas City, Mo. "Many more will reopen, as the majority of those recently failed are absolutely solvent and only closed through an unwarranted lack of confidence in them. causing disastrous runs. From the foregoing the comptroller makes the following resume, showing that when the full extent of banking in this country is considered the failures are proportionately small: 3,785 Number now in operation. 105 Number failed since January 1, 1893 14 Number reopened 33 Number in hands of receivers Number in hands of bank examiners, with application to comptroller for resumption 58 NEW YORK, July 29.-R. G. Dun & Co.'s review of trade says: "The hardest week yet has left the business world still able to rejoice in the soundness and strength disclosed. No banks here or at other eastern cities and no eastern firms of large importance have gone down. but several banks failed at the west. But through all the strain the banks of New York have passed without trouble, and imports of gold have commenced. "From $1,000,000 to $2,000,000 in money has been sent west every day and a large decrease in bank reserves is expected, as the treasury has not been disbursing heavily. Chicago has drawn heavily on New York, but in that and other cities bank statements indicate creditable soundness. "Grain rose briskly on Monday, but all speculative markets yielded a little when tight money came and the slaughter of stocks. Wheat closed about 1 cent lower. though western receipts were moderate. Corn is a fraction lower, as are some hog products. Cotton has declined an eighth, though receipts are a little larger and exports smaller than last year, but holders show great stubbornness in view of the large stocks in sight and the closing of many mills. In other products no special change is reported, though prices tend lower. "Many wolten factories are closing for a month or more or indefinitely, because orders are slack, for while jobbers' orders are about as usual clothiers still hold off. Fall trade is said to be not more than a third of the usual, and many dealers expect to do no more than half the usual spring business. Orders for boots and shoes are restricted. Shipments from the east are 12 per cent. less than for the same week last year. "Failures during the last week number 386 in the United States, against 171 last year and 23 in Canada, against 22 last year. It is noteworthy that only three failures were of capital above $200,000 each and only ninety-nine of capital over $5,000. Over fifty banks stopped during the week."

Article Text

BANKS HAVE RESUMED

Those That Were Temporarily Embarrassed Now All Right. Controller Eckels has prepared the following statement of banks which temporarily suspended during the late stringency and have since resumed business: Black Hills National Bank, Rapid City, S. D., capital stock, $125,000; Gate City National Bank, Atlanta, Ga., $250,000; Capital National Bank, Indianapolis, Ind., $300,000; Washington National Bank, Spokane Falls, Wash., $250,000: First National Bank, Palouse city, Wash., $75,000; Southern California National Bank, Los Angeles, Cal., $200,000; First National Bank, Los Angeles, Cal., $200,000; First National Bank, San Diego, Cal., $300,000; First National Bank, Santa Ana, Cal. $150,000; First National Bank, Kendallville, Ind., $50,000; First National Bank, San Bernardino, Cal., $100,000; Second National Bank, Ashland, Ky., $50,000; First National Bank, Rico, Col., $50,000; National Bank of Commerce, Provo City, Utah, $50,000; First National Bank, Cisco, Texas, $50,000; American National Bank, Leadville, Col., $100,000; Central National Bank, Pueblo. Col., $50,000; Missouri National Bank, Kansas City, Mo., $250,000; First National Bank, Fort Scott, Kan., $300,000; Union National Bank, Denver, Col., $1,000,000; National Bank of Commerce, Denver, $500.000: Hutchinson National Bank, Hutchinson, Kan.. $100,000; People's National Bank, Denver, Col., $600,000; First National Bank, Anthony, Kan., $50,000; Greeley National Bank. Greeley, Col., $50,000; Farmers' National Bank, Henrietta, Tex., $50,000; State National Bank, Vernon, Tex., $100,000; Fourth National Bank, Louisville, Ky. $300.000; First National Bank, The Dalles, Ore., $50,000; Waupaca County National Bank, Waupaca, Wis., $50,000; Waxahachee National Bank, Waxahachee. Tex., $100,000; CitIzens' National Bank, Attica, Ind., $50,000; First National Bank. San Marcos, Tex., $80,000; First National Bank, Lockhart, Tex., $50,000. Total capital stock of $6,030,000. Since January 1 last 154 national banks have suspended. Of this number one has gone into voluntary liquidation, 57 have been placed in the hands of receivers, 62 are in the hands of national bank examiners with excellent prospects of early resumption, in addition to the 34 above named which have already resumed business.

Article Text

THESE BANKS HAVE RESUMED BUSINESS GOOD PROSPECTS FOR MANY OTHER OF THE SUSPENDED INSTITUTIONS. 'Vashington Aug. 2,-Controller Eckels has prepared the following statement of banks which temporarily suspended during the late stringency and have since resumed business: Black Hills National Bank, Rapid City, S. D., capital stock $125,000; Gate City National Bank, Atlanta, $250,000; Capital National Bank, Indianapolis, $300,000; Washington National Bank, Spokane Falls, $250,000: First National Bank, Palouse City, Wash., $75,000: Southern California National Bank, Los Angeles. $200.000: First National Bank, Los Angeles, $200,000; First National Bank, San Diego, $300,000; First National Bank, Santa Ana, $150,000; First National Bank, Kendallville, Ind., $50,000; First National Bank, San Bernardino, $100,000; Second National Bank, Ashland, Ky., $50,000; First National Bank, Rico, Col., $50,000; National Bank of Commerce, Provo City, Utah, $50,000; First National Bank, Cisco, Tex., $50,000; American National Bank, Leadville, Col., $100,000; Central National Bank, Pueblo, $50,000; Missouri National Bank, Kansas City, $250,000; First National Bank, Fort Scott, Kan., $300,000; Union National Bank, Denver, $1,000,000; National Bank of Commerce, Denver, $500,000; Hutchinson National Bank, Hutchinson, Kan., $100,000; People's National Bank, Denver, $600,000; First National Bank, Anthony. Kan., $50,000; Greeley National Bank, Greeley, Col., $50,000; Farmers' National Bank, Henrietta, Tex., $50,000; State National Bank, Vernon, Tex., $100,000; Fourth National Bank, Louisville, Ky., $300,000; First National Bank, The Dalles, Ore., $50,000; Wanpaca County National Bank, Waupaca, Wis., $50,000; Waxahackie National Bank, Waxahackie, Tex., $100,000; Citizens' National Bank, Attica, Ind., $50,000; First National Bank, San Marcos, Tex., $80,000; First National Bank, Lockhart, Tex., $50,000; total, $6,030,000. Since January 1 last 145 National banks have suspended. Of this number, one has gone into voluntary liquidation, fifty-seven have been placed in the hands of receivers, sixty-two are in the hands of National Bank Examiners with excellent prospects of early resumption, in addition to the thirty-four above named, which have already resumed.

Article Text

BANKS HAVE RESUMED

Those That Were Temporarily Embarrassed Now All Right. WASHINGTON, D. C. Sept. 1.Controller Eckels has prepared the following statement of banks which temporarily suspended during the late stringency and have since resumed business: Black Hills National Bank, Rapid City, S. D., capital stock, $125,000; Gate City National Bank, Atlanta, Ga., $250,000; Capital National Bank, Indianapolis, Ind., $300,000; Washington National Bank, Spokane Falls, Wash., $250,000; First National Bank, Palouse city, Wash., $75,000: Southern California National Bank, Los Angeles, Cal: $200,000; First National Bank, Los Angeles, Cal., $200,000; First National Bank, San Diego, Cal., $300,000; First National Bank, Santa Ana, Cal., $150,000; First National Bank, Kendallville, Ind., $50,000; First National Bank, San Bernardino, Cal., $100,000; Second National Bank, Ashland, Ky., $50,000; First National Bank, Rico, Col., $50,000; National Bank of Commerce, Provo City, Utah, $50,000; First National Bank, Cisco, Texas, $50,000; American National Bank, Leadville, Col., $100,000; Central National Bank, Pueblo, Col., $50,000; Missouri National Bank, Kansas City, Mo., $250,000; First National Bank, Fort Scott, Kan., $300,000; Union National Bank, Denver, Col., $1,000,000; National Bank of Commerce, Den ver $500,000; Hutchinson National Bank, Hutchinson, Kan., $100,000; People's National Bank, Denver, Col.,$600,000; First National Bank, Anthony, Kan., $50,000; Greeley National Bank, Greeley, Col., $50,000; Farmer's National Bank, Henrietta, Tex., $50,000; State National Bank, Vernon, Tex., $100,000; Fourth National Bank, Louisville, Ky., $200,000; First National Bank, The Dalles, Ore., $50,000; Waupaca County National Bank, Waupaca, Wis., $50,000: Waxabachee National Bank, Waxabachee, Tex., $100,000; Citizen's National Bank, Attica, Ind., $50,000; First National Bank, San Marcos, Tex., $80,000; First National Bank, Lockhart, Tex., $50,000. Total capital stock of $6,030,000. Since January 1 last 154 national banks have suspended. Of this number one has gone into voluntary liquidation, 57 have been placed in the hands of receivers, 62 are in the hands of national bank examiners with excellent prospects of early resumption, in addition to the 34 above named which have already resumed business.

Article Text

BANKS WHICH HAVE RESUMED

A Statement from Controller Eckels Showing Their Present Capital Stock. WASHINGTON, Aug. 28th.-Controller Eckels has prepared the following statement of banks which temporarily suspended during the late stringency and have since resumed business: Blank Hills National Bank, Rapid City, S. D., capital stock, $125,000; Gate City National Bank, Atlanta, Ga., $250,000; Capital National Bank, Indianapolis, Ind., $300,000; Washington National Bank, Spokane Falls, Washington, $250,000 ; First National Bank, Palouse City, Washington, $75,000; Southern California National Rank, Los Angeles, Cal., $200,000; First National Bank, Los Angeles, Cal., $200,000; First National Bank, San Diego, Cal., $800,000; First National Bank, Santa Ana, Cal., $150,000; First National Bank, Kendallville, Ind., $50,000; First National Bank, San Bernardino, Cal., $100,000; Second National Bank, Ashland, Ky., $50,000; First National Bank, Rico, Col., $50,000; National Bank of Commerce, Provo City, Utah, $50,000; First National Bank, Cisco, Tex., $50,000, American National Bank, Leadville, Col.; $100,000; Central National Bank, Pueblo, Col., $50,000; Missouri National Bank, Kansas City, Mo., $250,000. First National Bank, Fort Scott, Kan., $300,000; Union National Bank, Denver, Col., $1,000,000; National Bank of Commerce, Denver, Col., $500,000; Hutchinson National Bank, Hurchinson, Kan., $100,000; People's National Bank, Denver, Col., $600,000; First-National Bank, Anthony, Kan., $50,000; Greeley National Bank, Greeley, Col., $50,000; Farmers' National Bank, Henrietta, Texas, $50,000; State National Bank, Vernon, Texas, $100,000; Fourth National Bank, Louisville, Ky., $300,000; First National Bank, The Dalles, Oregon, $50,000; Waupaca County National Bank, Waupaca, Wis., $50,000; Waxahachie National Bank, Waxahachie, Texas, $100,000; Citizens' National Bank, Attica, Ind., $50,000; First National Bank, San Marcos, Texas, $80,000; First National Bank, Lockhart, Texas, $50,000; total, $6,030,000. Since Jan. 1 last 145 national banks have suspended. Of this number 1 has gone into voluntary liquidation, 57 have been placed in the hands of receivers, and 62 are in the hands of national bank examiners, with excellent prospects of early resumption, in addition to the 34 aboved named, which have already resumed business.

Article Text

NATIONAL BANKS RESUME

Comptroller Eckels Furnishes Quite a Long List. WASHINGTON, Aug. 31.-Comptroller Eckels has prepared the following statement of banks which temporarily suspended during the late stringency and have since resumed business: Black Hills national bank, Rapid City, S. D.; capital stock. $25,000. Gate City national bank, Atlanta, Ga; $250,000. Capital national bank, Indianapolis, Ind.; $300,000. Washington national bank, Spokane Falls, Wash: $250,000. First national bank. Palouse City, Wash; $75,000. Scuthern California national bank, Los Angeles, Cal: $200,000. First national bank, Los Angeles, Cal.; $200,000. First national bank, San Diego, Cal.: $300,000. First national bank, Santa Ana. Cal.; $150,000. First national bank, Kendallsville, Ind; $50,= 000. First national bank, San Bernardino, Cal.; $100,000. Second national bank, Ashland, Ky.; $50,000. First national bank, Rico. Col.; $50,000. National Bank of Commerce, Provo City, Utah: $50,000. First national bank, Cisco, Tex.: $50,000. American national bank, Leadville, Col; $100,000. Central national bank, Pueblo, Col: $50,000. Missouri national bank, Kansas City, Mo.; $250,000. First national bank, Fort Scott, Kan: $300,000. Union national bank, Denver, Col.; $1,000,000. National Bank of Commerce, Denver, Col; $500,000 Hutchinson national bank, Hutchinson, Kan: $100,000. People's national bank, Denver, Col.; $600,000. First national bank, Anthony, Kan: $50,000. Greeley national bank, Greelev, Col.: $50,000. Farmers' national bank, Henrietta, Tex.; $50,000. State national bank, Vernon, Tex: $100,000. Fourth national bank, Louisville, Ky.; $300,000. First national bank, The Dalles, Ore: $50,000. Waupaca County national bank, Waupaca, 1 Wis.: $50,000. Waxahachie national bank, Waxahachie, Tex.; $100,000. Citizens' national bank. Attica, Ind: $50,000. First national bank, San Marcos, Tex.; $80,000. 1 First national bank, Lockhart, Tex; $50,000. : Total capital stock, $6,030,000. Since January 1 last 154 national e banks have suspended. Of this num1 ber, one has gone into voluntary liquif dation, fifty-seven have been placed in f the hands of receivers, sixty-two are in the hands of bank examiners with ext cellent prospects of early resumption, t in addition to the thirty-four above a named which have already resumed t business.

Article Text

NATIONAL BANKS RESUME

Comptroller Eckels Furnishes Quite a Long List. WASHINGTON, Aug. 31.-Comptroller Eckels has prepared the following statement of banks which temporarily suspended during the late stringency and have since resumed business: Black Hills national bank, Rapid City, S. D.; capitalstock. $25,000. Gate City national bank, Atlanta, Ga; $250,000. Capital national bank, Indianapolis, Ind; $300,000. Washington national bank. Spokane Falls, Wash: $250,000. First national bank. Palouse City, Wash; $75,000. Southern California national bank, Los Angeles, Cal: $200,000. First national bank. Los Angeles, Cal.: $200,000. First national bank, San Diego, Cal.: $300,000. First national bank, Santa Ana. Cal : $150,000. First national bank, Kendalisville, Ind: $50, 000. First national bank, San Bernardino, Cal.; $100,000. Second national bank, Ashland, Ky.; $50,000. First national bank Rico. Col: $50,000. National Bank of Commerce, Provo City, Utah: $50,000. First national bank. Cisco, Tex.: $50,000. American national bank, Leadville, Col.; $100,000. Central national bank, Pueblo, Col: $50,000. Missouri national bank, Kansas City, Mo.; $230,000. First national bank, Fort Scott, Kan: $300,000. Union national bank, Denver, Col.; $1,000,000. National Bank of Commerce, Denver, Col: $500,000 Hutchinson national bank, Hutchinson, Kan: $100,000. People's national bank, Denver, Col.; £600,000. First national bank, Anthony, Kan: $50,000. Greeley national bank, Greelev, Col.: $50,000. Farmers' national bank, Henrietta, Tex.; $50,000. State national bank, Vernon. Tex: $100,000. Fourth national bank. Louisville, Ky.; 8300,000. First national bank. The Dalles, Ore: $50,000. Waupaca County national bank, Waupaca, Wis: $50,000. Waxahachie national bank, Waxahachie, Tex.: $100,000. Citizens' national bank, Attica, Ind: $50,000. First national bank, San Marcos, Tex: $80,000. First national bank, Lockhart, Tex: $50,000. Total capital stock, $6,030,000. Since January 1 last 154 national banks have suspended. Of this number, one has gone into voluntary liquidation, fifty-seven have been placed in the hands of receivers, sixty-two are in the hands of bank examiners with excellent prospects of early resumption, in addition to the thirty-four above named which have already resumed business.

Article Text

CLOSED ITS DOORS Was Unable to Stand the Financial Strain. WAS AN UNEXPECTED DEMAND The Assets Are Placed at $165,000 and the Liabilities at About $70,000. Palouse, Wash., Aug. 9.-The bank of Palouse failed to open for business this morning. At a conference held last night it was decided that this was the best course, as the cash on hand had dwindled so low that further receipt of deposits would be unjustifiable. The liabilities are placed between $65,000 and $70,000, and the assets at about $165,000. Among the heaviest creditors were: Their & Barroll, $10,000. First National bank of Portage, Wisconsin, $11,000. London & San Francisco bank of Portland, $7500. Wells-Fargo of San Francisco, $5000. Western National bank of New York, $10,000. Deposits, $10,000, and miscellaneous, from $5,000 to $10,000. The officers of the bank are C. T. Cross, president: J. R. Payne, vice president; Fred N. Cummings, cashier. When the panic struck the country in June, 1893, there were three banks here -the First National, the Palouse Farmers', and the Security State. The First National closed Its doors, and afterward there was a union of the interests of the broken bank and the Palouse Farmers', and the new concern was called the Bank of Palouse. The Security State is now the only bank here.

Article Text

CLOSED ITS DOORS Was Unable to Stand the Financial Strain. WAS AN UNEXPECTED DEMAND The Assets Are Placed at $165,000 and the Liabilities at About $70,000. Palouse, Wash., Aug. 9.-The bank of Palouse failed to open for business this morning. At a conference held last night it was decided that this was the best course, as the cash on hand had dwindled so low that further receipt of deposits would be unjustifiable. The liabilities are placed between $65,000 and $70,000, and the assets at about $165,000. Among the heaviest creditors were: Theis & Barroll, $10,000. First National bank of Portage, Wisconsin, $11,000. London & San Francisco bank of Portland, $7500. Wells-Fargo of San Francisco, $5000. Western National bank of New York, $10,000. Deposits, $10,000, and miscellaneous, from $5,000 to $10,000. The officers of the bank are C. T. Cross, president; J. R. Payne, vice president; Fred N. Cummings, cashier. When the panic struck the country in June, 1893, there were three banks here -the First National, the Palouse Farmers', and the Security State. The First National closed its doors, and afterward there was a union of the interests of the broken bank and the Palouse Farmers', and the new concern was called the Bank of Palouse. The Security State is now the only bank here.