427701122 42770
national
301c0f85eb53be73Full suspension, Books examined
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SPOKANE BANKS Standing a Heavy Run with Good CourageTwo Banks Fail. SPOKANE, Wash,June 6.-The Washington National Bank and its adjunct, the Washington Savings Bank closed their doors this morning. Other banks are being subjected to a severe run, but seem to be standing the strain well.
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BANK FAILURES. Three Spokane Institutions Close Their Doors. SPOKANE (Wash.), June 6.--Three banks closed their doors to-day. They have assets largely in excess of the liabilities, and have been conducted with sound management. They were caught in a sudden whirl and flurry. The public suddenly became alarmed, and distance from the money centers prevented timely fortification. When the banking hours arrived this morning the Washington National and Washington Savings Banks, allied institutions, failed to open their doors. They had been subjected to a heavy run the day before, and although they had made arrangements for money, it failed to arrive in time. This startled the public, and a run was started anew upon all banks. By 1 o'clock it had almost entirely subsided, but relief came too late for the Citizens' National, which closed its doors at 2 o'clock. The other banks stood the strain with no visible signs of weakening, and since they have been strengthening themselves, and the worst of the flurry is believed to be over. It is generally believed that there will be no more suspensions.
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know nothing of his whereabouts. 1218 stated that he left his business affairs in bad condition. His property has been attached in a suit brought by Mrs. Charlotte Baker to recover $12,000 given to Mr. Merrill to urchase shares of stock for her. but since that time he has failed to turn them over to her. Other attachments are: Sarah A. Cohen. $40,000; Hepsebeth Fenton, $5,000; Susan D. B. Webber, $10,000; Robert M. Morse, $25,000; Lucia A. D. Long, $100,000. John F. Hooper. Mr. Merrill's private secretary, said to-day that Mr. Merrill had gone away for rest, on the advice of a physician. His financial affairs, his secretary says, are in good condition. and all claims against him will be promptly paid when he returns. Winthorp M. Merrill said to-day: "1 think it would be safe to estimate that after all my father's liabilities are met he would be worth from $100,000 to $200,000." Three More Spokane Banks Closed. SPOKANE, Wash., June 6.-As a result of the suspension of the Pank of Spokane Falls yesterday, three other banks in this city closed their doors to-day. They are the Washington National, the Washington Savings and the Citizens' National. A. M. Cannon, president of the Bank of Spokane Falls, is vice president of both the Washington National and Washington Savings Bank and the failure is due directly to the failure of the Bank of Spokane Falls. There great excitement during the run occurred on day and was a Washington nearly every Nabank in the city. The tional has a paid-up capital of $100,000, and according to a recent statement has deto $326,000. posits amounting The capital Wash- of 1D g ton Savings has a paid-up $50,000 and deposits of $100,000. The Citiof $150,000 and to about zens' deposits National amounting has a capital $400,000. It is believed all the banks are perfectly solvent and will resume in a few days. The Palonse City Bank of Palouse City, also closed its doors to-day. Bedford Bank Forced to Suspend. Special to the Indianapolis Journal BEDFORD, Ind., June 6.-The Bedford Bank this morning closed its doors. The president claims that owing to an unprecedented heavy run on the Chicago banks yesterday, which had promised assistance, the bank was forced to suspend. Depositors are promised to receive full value for every dollar. The bank 18 one of the oldest in the State. The exact amount of deposits 18 not known at present, but are supposed to be large. Packing House Attached. WICHITA, Kan., June 6.-The Laclede and Third National Banks, of St. Louis, and the Bank of Commerce, of Kansas City, to-day sued out attachments for $50.000 and $25,000, and $50,000, respectively, against the Francis Whittaker & Sone house. Late this evening N. packing of the property. The sheriff is in possession W. Levy, president of the Wichita National Bank, was appointed receiver. The plant here is valued at $200,000. Assignment of New England Publishers. BOSTON, June 5.-Potter & Potter, publishers of the New England Magazine, the Yankee Blade, the Woman's Home Journal, the American Vehicle and the Amesbury, have assigned to W. J. Clark, of this city. Isaac J. Potter said that the New England Magazine had broken the firm. and that the other publications were in good condition. The liabilities are between $75,000 and $100,000. A Wisconsin Bank Suspends. Lane The State
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Troubles at the Hub. BOSTON, June 6.-Harry Bond & Co., dealers in hides and leather, 237 Congress street, are financially embarrassed. The firm is involved in the affairs of Rschardson & Dennie, who lately assigned. The liabilities are $125,000. Duncan A. Matheson, dealer in clothing, boots and shoes, at Provincetown, Mass., has assigned; liabilities $22,000. Edwin A. Whitney, dealer in watches and jewelry, 403 Washington street, who failed for $80,000, has offered his creditors 35 cents cash, or 40 cents, half of the latter to be cash and half in Mr. Whitney's notes at three months, the creditors to take their choice. The offer has been accepted. Face to Face with Starvation. BIGSTONE GAP, Va., June 6.-Hundreds here are on the verge of starvation. Scores of families have nothing but cornmeal and water, and not too much of that. The failure of an improvement company a fortnight ago, followed later by a collapse of the the Appalachian steel company, which owes its employes $50,000, are the causes. The Sheriff in Charge. NEW YORK, June 6. -The - Sheriff has taken charge of the place of business of the B. Goodman Manufacturing company, suspenders and webbing, 106 Franklin street. Their factory at Bridgeport, Conn., has been attached. The liabilities are reported to be about $63,000; assets, nominally, about $119,000, Locomotive Works Assign. CHICAGO, June 6.-The Grant Locomotive works filed a voluntary assignment in the county court this afternoon. The liabilities are $410,000; assets $1,150,000 of which $853,000 is in the plant at Chicago. Two Spokane Banks Closed. SPOKANE, Wash., June 6.-The Washington National [Bank and its adjunct, the Washington Savings Bank, closed their doors this morning. Other banks are being subjected to a severe run, and seem to be standing the strain well. Assets Over Liabilities. TOLEDO, June 6.-A special from Defiance, Ohio, states that the doors of the Defiance Savings bank were closed by the assignee yesterday afternoon. The bank has a paid up capital of $27,000 and assets not less than $150,000. The liabilities are $100,000.
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ABUNDANT RESOURCES. All Depositors Got Their Money in Chiengo-Business Failures. CHICAGO. June 6.-Notwithstanding the fact that the Illinois Trust and Savings bank kept open until three o'clock this morning togive anxious depositorsa chance to draw their funds, a new line began to form before eight o'olock this morning, and at 10, the hour for opening, between 1,200 and 1,500 people were waiting at the doors with their savings books. The crowd was several times larger than at any time yesterday. The bank is considered absolately sound. Its assets figure up to over $28,000,000 and its stockholders are estimated to be worth in the aggregate fully $160,000,000. During the time when the run on the bank was hottest this afternoon Philip D. Armour. the millionaire packer, sent out some of his clerks to bring into his office 8 hundred or more of the most excited depositors, mostly women. To these Mr. Armour made a brief speech. assuring them that the bank was all right, and adding that Amour & Co. will guarantee to each of them the full amount of their deposit. If any of them were not satisfied with this he asked them to speak up and said he would give them their money. Two women asked for the amount of their deposit and were immediately paid in gold, while the remainder of the people went away satisfied. WASHINGTON,June6.-Comptrolter Eckles said to an Associated press reporter this morning that as far as advised no national bank in Chicago had been affected by yesterday's financial flurry. The clearing house stands ready to assist its members whenever necessary. An abstract of the condition of the Chicago national banks on the date of his last call showed A reserve of 29.45 per cent. or 4.45 above the legal requiements. The total resource rre $160,864,804; surplus, $11,516,700; undivided profits, $1,596,000. POKANE, June 6.-The Washington National bank and its adjunct, the Washington Savings bank, closed their doors this morning. They were crippled by a quiet run yesterday. Both show strong assets in excess of liabilities. but could not get money in time for the sudden whirl. At two o'clock this afternoon the Citizens' National bank closed its doors. By one o'clock the runs had almost entirely subsided. The other banks stood the strain with no visible sign of wearing and since they have been strengthening themsolves and the worst of the flurry is believed to be over. It is generally believed that there will be no more suspensions. BOSTON, June 6.-Potter & Potter, publishers of the :New England Magazine, the Yankee Blade, the Woman's Home Journal and other periodicals, made an assignment. The liabilities are from $75,000 to $100,000. The firm may resume. The failure WAS due to a losing business on the New England Magazine. PHILADELPHIA, June .--amuel A. Prince, the owner of the marble works here and the quarries in Rutlond, Vt., has failed. The liabilities are $100,000 and nominal assets $250,000. MILWAUKEE, June .-The State bank of this city has failed. It had a capital of $50,000 and n sarplus of $10,000. DEFIANCE, O., June 6.-The Savings bank of Andrew Sauer has failed.
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Two Banks Closed at Spokane. Spokane, Wash., June 6.-The Washington National Bank and its adjunct, the Washington Savings Bank, closed their doors this morning. They were crippled by runs yesterday. Both show strong assets, much in excess of the liabilities, but could not £e; money in time for the sudden whirl. Other banks are being subjected to a severe run, but seem to be standing the strain well.
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EARLY BIRD DEPOSITORS A LONG RUN ON A CHICAGO BANK. The Doors Kept Open Till 2 a m. To Pay Ont Money To Depositors-The Fever Spreads To Other Banks. CHICAGO, ILLS., June 7.-It was uot until after two o'clock yesterday morning that the Illinois trust and saving banks closed its doors after paying the last depositor that remained in line at that hour. This performance, it is said, broke the record, it being the first time in this country, so far as is known that a bank has remained open after midnight in order to meet a run. As early as 7 o'clock, however, another batch of depositors bad made their appearance, and they lounged against the walls or sat on the curbstone awaiting the regular hour for opening. At the Bank of Commerce, farther up the street, as well as at the Dime Savings bank, the Union Trust,aud the Hibernian bank the same scenes were being enacted. By ten o'clock it was apparent that Monday's experiences would be repeated at each institution. At some of them there were double lines of depositors extending for a couple of blocks. Another large crowd (extended out into the middle of the street and those composing it pushed their way inside as best they could. Officers of all the institutions insisted that they were able to weather the storm and with the exception of the Dime Sayings bank, not one has so far found it necessary to enforce even the thirty days' notice rule, while this latter institution is paying from 20 to 80 per cent. in cash, according to the needs of the various applicants and requiring only the usual thirty days' notice for the remainder. At the various national banks it is said that the Illinois Trust, which has savings deposits subject to notice, to a total of $10,500,000 and individual deposits subject to check of $7,500,000 more, is as sound as the Bank of England, and the officers of the institution say that they can pay off every depositor in the savings branch and still haye several millions left for an emergency. Joseph Rathbone & Co., lumber dealers. made a voluntary assignment this morning. Assets scheduled at $500,000; liabilities at $250,000. KALAMAZOO, Mich., June 7.-The Winans-Pratt Carriage company made an assignment yesterday. BEATRICE, Neb., June 7.-The State bank at Cortant, this county, closed vesterday. It was a small bank. DALLAS, Tex., June 7.-The Times Herald, the only afternoon newspaper in the city, was sold at receiver's sales yesterday to Dr. c. M. Rasser for $16,000. The paper was anti-Cleveland and for free silver. It will be continued as a Democratic daily. SPOKANE, Wash., June 7.-The Washington National bank and its adjunct, the Washington Savings bank, closed their doors yesterday. Both have plenty of assets. BEDFORD, IND., June 7.-The Bedford bank suspended yesterday.
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CAUGHT IN THE FLURRY. Three Banks at Spokane, Wash., Close Their Doors. SPOKANE, Wash., June 6. - Three banks closed their doors today. They have assets largely in excess of llabiliities and have been conducted with sound management. They were caught in the sudden whirl and flurry. The public suddenly became alarmed and the distance from money centers prevented timely fortification. When the banking hours arrived this morning the Washington National and the Washington Savings banks, allied institutions, failed to open their doors. They had been subjected to a heavy run the day before, and although they had made arrangements for money it failed to arrive in time. This startled the public, and the run was started anew upon all the banks. By 1 o'clock it had almost entirely subsided, but relief came too late for the Citizens' National, which closed its doore at 2 o'clock. Other banks stood the strain with no visible signs of weakening, and since they have been strengthening themselves and the woret of the flurry is believed to be over, it is generally believed that there will be no more suspensions.
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CONDENSED NEWS. Edwin Booth is dead. The Bedford, Ind., bank has suspended. The net gold reserve in the U. S. treasury is $90,000,000. The whisky trust has filed an $8,000,000 mortgage at St. Louis. After a running fight the Bentonville, Ark., bank robbers escaped with their booty, $10,000. St. Louis banks have attached the Wichita packing plant of Francis Whittaker for $125,000. Members of the Western Passenger association are still in a row at Chicago over World's fair rates. Potter & Potter, Boston. publishers of the New England Magazine, the Yankee Blade, the Woman's Home Journal, the American Vehicle and the Amesbury Daily, have assigned. An alstract of the condition of the national banks in Chicago on the date of the last call, showed a reserve of twentynine and forty-five hundredth per cent, or 4.45 per cent above the reserve required by law. Total resources are stated at $160,864,804. Surplus fund WAS $11,516,700 and undivided profits $2,566,000. At Spokane, the Washington National bank and its adjunct, the Washington Savings bank, closed their doors. They were crippled by the quiet run yesterday. Both show strong assets in excess of liabilities but could not get money in time for the sudden whirl. The other banks are being subjected to a severe run, but seem to be standing the strain well.
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Another Spokane Bank Closes. SPOKANE, Wash., June 7.-The Washington national, bank closed its doors Tuesday morning. A. M. Cannon, owner of the private bank that suspended Monday, is vice president of this bank. This caused a run Monday and Tuesday. The liabilities are unknown.
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EMBARRASSED BANKS. A Material Falling Off Im the Number of Failures. ASHLAND, Wis., June 7.-The bank of Waehburn. closed ita doore this morning. The officersclaim the suspension is only temporary, on account of the financial stringency, and will reopen in a few days. It.is a private institution with a stated capital of $25,000; surplus, $12,000; d'eposite, about $40,000. A. C. Probert is president, and states the depositors will be paid in full. CHICAGO, June 7.-The private bank of C. L. Niehoff & Co. was placed in the hands of the sheriff this evening on attachment's eued out by a number of depositore, who became alarmed for the safety of their money- No statment is obtainable tonight. W ASHINGTON, June7. / -The comptroller has directed Bank Examiner E. T.. Wilson to take charge of the Citizene" National bank and the Washington National bank of Spokane, state of Washington, which closed their doors yesterday. NEW ALBANY, Ind., June 7.-The New Albany Banking company has suapended payment, as the result of the run on the New Bedford, Ind., bank yesterday, both having substantially the same stockholders. It is claimed the assets are $212,000; liabilities, $100,000. W. L. Greyfogle, one of the principal stockholders in the bank, executed a deed. of trust of $366,000 for the benefit of the depositore of the two banks. It is claimed the depositors will be paid in full.
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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.
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Want to Heopen. WASHINGTON, June 24.-Comptroller Eckles this morning received " telegram from the San Bernardiso bank asking permission to reopen. He answered that he would consider the request when his examiner had made the report. Bank Examiner Lazar who was at Los A ngeles has been directed to take charge of the San Bernardino bank, while Whitman, the examiner at San Francisco, will relieve him. Bank Examiner Clare Tacome has been directed to go to New Whateom. Application has been received by the comptroller from all the banks in Spokane requesting him to allow the Washington National bank at Spokane to reorganize. The board of trade at San Diego, California, and the president of the suspended First National bank of that place have requested that the bank be allowed to resume business. The request will be considered when the report is in.
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PACIFIC COAST BANKS. Nearly All of Them Have Asked Permission to Reopen. WASHINGTON. June 4.-Comptroller Eckele this morning received a telegram from the Pacific bank of San Francisco, asking permission to reopen. He answered that he would consider the request when his examiner made a report. Bank Examiner Lazar, who is at Los Angeles, has been detailed to take charge of the San Bernardino bank, while Wightman, examiner at San Francieco, will relieve him at the first named place. Bank Examiner Clare of Tacoma has been detailed to go to New Whatcom. An application has been received by the comptroller from all the banks in Spokane, requesting him to allow the Washington National bank of Spokane to reorganize. The board of trade of San Diego, Cal., and the president of the suspended First National bank of that place request that that bank be allowed to resume business. The request will be considered when the examiner's report is in.
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THE BROKEN PACIFIC COAST BANKS. BAD MANAGEMENT IN SAN FRANCISCO-SIGNS OF IMPROVEMENT VISIBLE. San Francisco, June 24.-The Concrete opinion of the bankers of San Francisco is that the Pacific Bank was compelled to suspend payment because It made unwise Investments In securities from which it could not get out its money. and that the People's Home Savings Bank was compelled to suspend because it had not on hand coin enough to stand the run sure to follow the announcement of the suspension of the Pacific Bank, its business associate. In other words. the failure of the Pacific Bank was not more due to the present financial troubles than to fundamental weakness in Its management. The flurry seems to have passed in this city, and no anxiety is felt that other banks will succumb. Bankers say they have ample funds to meet all demands. The run on the Union Savings Bank continues to-day, though with less excitement than yesterday. There was also a run on the Hibernia Bank to-day. Seattle, Wash., June 24.-A special from New Whateom says: Inability to realize on gilt-edge securities forced the Columbia National Bank to close its doors yesterday morning. Their assets are placed at $226,762. with liabilities not exceeding $100,000. Confidence is felt In the other banks and no further trouble Is expected. The Columbia Bank Is capitalized at $100,000. The Controller of the Currency has been advised and will take charge of the affairs of both the Columbia and the First National, which suspended yesterday. The cashier of the falled First National Bank says the assets are $428,000: liabilities, $110,000. San Bernardino. Cal., June 23.-The First National Bank closed its doors yesterday after undergoing a run for the last five days. Washington, June 24.-Controller Eckels this mornIng received a telegram from the San Bernardino Bank asking permission to reopen. He answered that he would consider the request when his examiner made Bank Examiner Lazaer, who is at Los report. Angeles, has been directed to take charge of the San Bernardino Bank. while Mr. Wightman, the examiner "ii San Francisco. will relleve bim at the first named place. Bank Examiner Clarey, of Tacoma, has been directed to go to New-Whatcom. Application has been received by Controller Eckels from all the banks in Spokane requesting him to allow the Washington National Bank of Spokane to reorganize. The Board of Trade of San Diego, Cal., and the president of the dispended First National Bank of that place, have requested that the bank be allowed to resume busttress. The request will be considered when the exuniner's report Is in. Los Angeles, Cal., June 24.-The East Side Bank opened Its doors this morning. This 13 the first of the closed banks to resume. A feeling of confidence has returned. The other banks will open on Monday, except the City Bank, which is in the hands of a recelver.
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Washington National bank of Spokane to reorganize. The board of trade of San Diego, Cal., and the president of the suspended First National bank of that place, have requested that the bank be allowed to resume business. These requests will be considered when the reports are in.
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BANK FAILURE. The Albuquerqne National Temporarily Suspends Business. ALBUQUERQUE (N. M.), July 3.-The following note was posted on the door of the Albuquerque National Bank this morning: The Albuquerque National Bank is compelled temporarily to suspend business. This is brought about by the unusual demands of depositors since the suspension of the California banks about ten days ago, and the absolute impossibility during the present business depression to call in our loans. It is confidently hoped that we can soon resuine business and that every creditor will be paid in full, as the assets greatly exceed the liabilities. JOHN A. LEE, Vice-President. The suspension will cause no loss to depositors, as the bank has a surplus of $40,000. Other banks are exceptionally strong, and have large cash reserves. Full confidence is expressed by citizens, and no runs whatever are being made. The liabilities of the Albuquerque National Bank are $270,000, and the assets $420,000. The New Mexico Savings Bank and Trust Company is also closed, but they say the depositors will be paid in full. RESUMING BUSINESS. WASHINGTON, July 3. - Comptroller Eckels is advised that the First National Bank at San Diego, Cal., which failed one month ago, will resume business Wednesday, having complied with the conditions imposed by the Comptroller. It is probable, also, that the failed Washington National Bank of Spokane, Wash., will resume business in ten days. A RUN AT LEADVILLE. LEADVILLE (Col.), July 3.-A run was made on the California, Carbondale and American Banks to-day, but all demands of depositors were promptly met with cash, and at the closing hour the run had ceased. The American National Bank closed its doors this morning, but the directors say the depositors will be paid in full. The statement shows the resources to be $536,134 and the liabilities $347,625. RUN ON A BROOKLYN BANK. BROOKLYN, July 3.-There was a slight run on the Williamsburg Savings Bank this morning. Nearly 1,000 persons crowded into the bank as it opened, and until noon, anxious inquiries made show the proportion of those withdrawing deposits as to five to one of those depositing. General A. V. Meserole, President of the bank, said: "We paid out $230,000 on Saturday and took in $140,000, mostly from new depositors. We are doing business fast, and preparing for a run should it come." HAS PLENTY OF FUNDS. Cisco (Tex.), July 3.-The doors of the National Bank of Cisco were closed by the Inspector to-day, while the inspections of the bank's condition are being made, to prevent a run. The Cashier stated that the bank had two and a half dollars for every dollar of liabilities. DECLARED INSOLVENT. WINNIPEG (Man.), July 3.-The Commercial Bank of Manitoba has been declared insolvent and liquidators appointed to wind up its business. Bills of the bank are as good as gold under the Dominion law.
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First National Bank of Los Angeles, Cal., and the Southern California Bank of the same place, which suspended recently, will open their doors for business again within a few days. The Comptroller is informed that the First National Bank of San Diego, Cal., which reopened for business yesterday, received deposits to the amount of $25,000, against withdrawals to the amount of $8,000. This is regarded as evidence of returning confidence. The Washington National Bank of Spokane reopened for business this morning.
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"Cut of the Hole." SPOKANE, Wash., July 7.-The Washington National bank, which suspended several weeks ago, has resumed. It can meet all liabilities.
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FAILURES OF WESTERN BANKS. A FEW MORE SUSPENSIONS REPORTED-TWO BANKS RESUME AGAIN. Omaha, Neb., July 6.-The American Savings Bank suspended this morning with deposits of $133,000 and assets of $239,000. It was involved in the embarrassment of the American Loan and Trust Company. through the latter's enterprise, the Omaha and South Texas Land Company. Everett. Wash., July 6.-On account of inability to realize on securities the Puget Sound National Bank. of Everett. suspended yesterday. The suspension is said to be owing to the refusal of Eastern banks to honor heavy drafts on security affirmed. No statement is yet made. The bank's capital is $100,000. Worthington, Minn., July 6.-The Noble County Bank closed its doors yesterday morning, and its owner, Peter Thompson. made an assignment. Several thousand dollars of county money are tied up. Sumas, Wash., July 6.-The Bank of Sumas suspended payment on Monday. No statement was made. but it is thought creditors will be paid in full. Topeka. Kan., July 6.-Two Kansas banks closed their doors yesterday. The failure of the Finney County Bank, at Garden City, was not unexpected. as the bank has for "Some time been in bad condition. The bank of Leroy, Coffey County, also closed. Washington, July 6.-The Controller of the Currency is informed that the First National Bank of Los Angeles, Cal., and the Southern California Bank of the same place. which suspended recently, will few open their doors for business again within a days. Controller Eckels is adopting precautions in all cases where suspended banks apply for permission to resume. to make sure that the banks are put on an absolutely sound basis before the request is granted in order to guard againt a second suspension within a short time. The Controller is informed that the First National Bank of San Diego, Cal. which reopened for business yesterday, received deposits to the amount of $25.000, as against withdrawals to the amount of $8,000. This is regarded as an evidence of returning confidence. The Washington National Bank of Spokane reopened for business this morning. Controller his Pckels states that the information given out m office yesterday that he had directed Bank Examiner Wilson to take charge of the First National Bank of Albuquerque, N. M., was a mistake. The name of the failed bank was the Albuquerque, N. M., National Bank. Five National banks failed yesterday and this morning, as reported to Mr. Eckels. They were the American National Bank of Pueblo, Col.: the Central National Bank of Pueblo, Col.: the Puget Sound National Bank, of Everett. Wash.: the National Bank of Ashiand, Neb., and the First Na tional Bank of Winston, N. C. Controller Eckels has directed Examiner Brown to assume charge of the two banks at Pueblo. Examiner Horine of the Ashland bank, Examiner Cleary of the Everett bank and Examiner Carskadon of the Winston bank.
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NORTHWEST NEWS. WASHINGTON. Tacoma has expended $30,000 on the improvement of Point Defiance Park. annual convention of the school Sunday The eighth Association of Washingtoo state will begin tomorrow at Cnautanqua Beach, Vason island, and last three days. John and George Robinson and John Livingston, indicted for the murder of two farmers in Snohourish county, will be tried at the September term of the superior court. Fire at Skyhomish destroyed Davis store & McDevitt's O'Leary Campbell's general merchantdise restaurant, Cline & Babcock's restaurant a a aaloon, and William Snell's barber shop. All will rebuild. H. D. Willis, of Walla Walla, has disposed of his irrigation ditch plant to O. A. for the and Barney right-of-way $20,000, water-right which includes deeds. Mr. Barney bas associated with him several farmers residing along the proposed line of the ditch and a prominent capitalist of Tacoma. Work will be prosecuted at a rapid rate until the ditch is completed. Complaint having been made that unsafe and impure kerosene oil for domestic purposes is being sold throughout the state, the state board of health, at its semi-annual meeting at Tacoma July 6, looked into the matter and will endeavor to find out the exact quality oil now sold in state. The of tuberof the prevalence being glanders and the culosis was also discussed. George Digg, a regident of Sindnev, is in Providence hospital, Seattle, for treatment of an injury received July 4, by the discharge of a cannon' The sight of his eyes is almost gone and his face practically blackened with grains of which were It will be some it flesh. powder blown days before into the can be told whether or not his eyesight is permanently impaired. Digg is 39 years old and unmarried. A dozen pioneers of Whitman county met in the courthouse at Colfax, July 5. to a call and a of a pursuant inary organization pioneers' formed associa- prelimtion. James was temporary Captain president Ewart and W. B. elected Renshaw secretary. It was resolved that 1876 be the dividing line between pioand tenderfeet. On August 5 anwill neers other meeting be held to effect permanent organization. Tac ma shingle dealers and manufacturers estimate that over half of the mills of the state are now closed, and that more will shortly close. It is estimated that the combined mills of the state have a daily output of approximately 16,000,000 shingles per day. At present the majority of the dealers and manufacturers here do not admit that there IS over an average of 5,000,000 shingles manufactured daily in this state, The Washington National bank at which weeks resumed ago, Spokane, July suspended 6. At several ten o'clock, the doors were of reached a when depositors opened, half block. the crowd The reached window and to prevent a two first together men the teller's wrangle two tellers took their money simultane ously. The bank remained opened during the usual hours and only paid out $2100. The receipts were $35,000 greater than that amount. The opening of the bank has done much to restore confidence in business circles. In clearing a new street at Silverton a peculiar growth was found that well illustrates the lasting qualities of the wonderful ced that grows in this state. A large cedar log six feet in diameter lay on the ground, while a hemlock had grown over and around it, completely the log. since the is enveloping grown up ceder The fell, Lemlock and it had about 150 years old. The ceder was in a wonderful state of preservation and from it were as as if had been esthe shakes tree split just felled. good It is timated that the cedar is at least 400 years old. The townships which will be surveyed by J. T. Roberts, of Spokane, include all the settlements of ranchers in Spring coulee and Salmon river valley, a part of Johnson creek and the towns of Conconully and Ruby. In the language of
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kined Sadie Fisher at Bird's Points, him Mo., and because she refused to marry then shot himself fatally. Washington national bank at Spokane THE which suspended several weeks ago has resumed. said that conductors and railroad engiIT was on the Queen & Crescent goods had neers robbed the company of valued at American $40,000 Bankers' association THE convene in Chicago September will in the oil town of McDonald, Pa., FIRE destroyed ten buildings, causing loss of $100,000. were 324 business failures reTHERE in the United States during In the the ported days ended on the 7th. and durseven preceding there were 234, 1892 the ing week the corresponding time in number was robbers 190. near Palestine, Express Tex., TRAIN $500 from the Pacific secured company and overlooked $25,000. DURING the week ended on in the the 7th leading clearing houses exchanges United States reported to $1,051,402,382, As against comamounting $986,117,887 with the the previous corresponding week. week of pared the increase was 2.6. in 1892 total available stock of wheat than last the THE country is 100 per cent. more year. were seventy-four people dead, 100 THERE five more to die, and over that at least a result of the cyclone south of injured as start at Quimby, Ia., The made ended at was immense, many and Cherokee, its loss and Pomeroy. perproperty homeless and destitute, for aid. sons were issued an appeal the governor a drunken fight at Bud Woodbine, Smith DURING Marshal Morrissy, and four and Ky., Jim City Francis were killed others were wounded. was CARROLL, a miller, while GEORGE at Terre Haute, Ind., young drowned trying to save the life of his nephew. J. MILLER, the negro of charged Mary with SEAY the outrage and Bardwell, murder Ky., and Ruby Ray mob at and the body burned three after hanged being by a horribly mutilated. injured, probably EIGHT persons fatally, during were a fire in Chicago in the Lincoln hotel. trade shows situation a A perceptible REVIEW of improvement the in tone in business circles. wife and four children D., by D. S. butchered KRIEDER, at Cando, N. of were Baumberger, a nephew was the Krieder. Albert A dispute over wages supposed cause. RILEY & SON, leather $200,000. dealPATRICK Newark, N. J., failed for of Stutters at Arkansas State bank and THE the Arkansas Farmers open gart, traders' and bank of Dewitt failed to their doors. banks throughout the months counNATIONAL during the last two nearly $7, increased try have their circulation Tren000,000. THE N. Somerset J., closed county its doors, bank with at liabil ton, ites of over $100,000. clubs baseball THE percentages league of the for the week follows: in the on National the 8th were .627; as BrookPhiladelphia, ended .661; Boston, .566; Pittsburgh, 466; lyn, 576; Cleveland, .483; Baltimore. 550; Cincinnati. .458; St. Louis, .448; Wash- Louisington, New York, .410; Chicago, .407; ville, .327. rainstorm flooded Wis.. several and A SEVERE in Dane county, resulted. small great damage towns to property on the Philadelphia FREIGHT trains collided near Braddock Johnsonburg, and Pa., & Erie and road Engineer William Hall John were terribly killed and inFireman four other trainmen were jured. and windstorm near extent Rocky of ford, A HAIL Col., did damage to the $100,000. HOFF, a pioneer of an attempt Duluth, NELS killed J. himself after upon Minn., his wife's York life. & New Haven cars rail- and THE lost New sixty-four freight New Haven, road property by fire $100,000. at baby other the loss being and her Conn., MRS. burned JACOB to LOHNES death by an explosion were of kerosene at Pekin, Ill. shot and killed in ALBERT LEWIS Lewis was fatally the wounded Yandell and climax Charles of a feud with Ky. family the at Princeton, electric and rainstorm which visA HEAVY Middlesborough, Ky., perch in species a ited of fish of the the sun town. was shower precipitated and on daughter of Henry at THE wife, son killed by the cars Ganns were Richmond. Ind. Lieut. crossing in Falcon, with THE steamer board, sailed their from Portland, Peary and Me., party for on Greenland on the arctic expedition. at Lesueur, Minn.. Mich., THE bank at Big Rapids, Northern the Citizens' national doors. bank at Winneconne, Wis., and shut their and Joseph Bishop were cap JOHN LYONS Stoneboro, Pa., by the sizing drowned of at their gale boat. on the lake at upset Chicago and DURING a Chesapeake was William the yacht Chase, of Boston; of ChiMiss Ethel Harvey Marlow, Athens, Cornish cago, and and T. drowned. Thambelus, of near cutting Wauseon, her O., throat killed and then shot Greece, FRANK were BAYES, a farmer his young living wife him. by
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Banks Resuming Business. The comptroller of the currency la informed that the First National Bank of Los Angeles, California, and the Southern California bank of the same place, which suspended recently, will open their doors for business again with. in a few days. Comptroller Eckels Is adopting precautions In all cases where suspended banks apply for permission to resume, to make sure that the banks are put on an absolutely sound basis before the request is granted, is order to guard against a second suspension within a short time. The First National Bank of Ban Diego, CalHornia, which reopened for business on the 5th received deposits to the amount of 825,000 no against withdrawals to the amount of $8.000, This Is regarded as an evidence of returning confidence. The Wafhington National Bank of Spokane Falls reopened for business Thursday morn Ing.
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11--4277, Washington National bank, Spokane Falls, Wash. 12-4486, National Bank of Commerce, Provo City, Utah. 13-4134, First National bank, Cisco, Tex. 14-4494, 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 un- warranted lack of confidence in them, causing disastrous runs. To resume: Number now in operation, 3785; number failed since January 1, 1893, 105; number reopened, 14; number in hands of receiver, 33; number in hands of bank examiners with application to comptroller for resumption, 58.
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The receivers of the Northern Pacific railroad have ordered the following economies: Salaries from $1200 to $5000 to be reduced 10 per cent; salaries from $5000 to $10,000 to be reduced 15 per cent, and salaries above $10,000 to be reduced 25 per cent. It was stated at the treasury department at Washington Saturday that Assistant Secretary Hamlin, while in Massachusetts, will visit President Cleveland, and on his return to Washington a number of important appointments will be announced. A disastrous fire swept through Fairfield, Wash., Wednesday morning, and over a dozen of the principal business houses are in ruins, and nearly the entire main business center of the town is a pile of smoking ashes. The loss is about $40,000. In response to his inquiry, Governor Pennoyer has received letters from nearly all the members of the legislature and as a majority oppose the calling of a special session for the passing of a stay law the governor will probably not call a special session. W. W. Ogilvie, the milling king of Canada, estimates the yield of wheat in Manitoba and the Northwest this year at about twenty bushels per acre, or a total yield of 19,000,000 bushels. The quality of the crop, he says, is the best ever grown in the Northwest. Three attempts at train wrecking were made by unknown persons near Fairfield, California, early Sunday morning. A terrible wreck and great lose of life and property was only avoided by the fact that it was a clear night and the trains were running at a slow speed. A New York dispatch says: There is an impression in banking circles that the market, so far as time loans and mercantile paper is concerned, will ease up shortly. The premium on currency varies considerably, some brokers quoting it at 1½ per cent and others at 3. The Washington National bank of Spokane has begun five suits against some of its stockholders to recover $20,000. Henry A. Tilton, its former president, is included in all suits and it is claimed that the money is due for money borrowed from the bank before it failed. An Asbury Park dispatch says: Vice-President Stevenson is to be the next speaker at the national service in the Asbury Park auditorium. Mr. Stevenson has promised to bring speaker Crisp with him. The latter will also deliver an address, possibly on the financial situation. Robert J. Knox, the American who was sentenced to five years' imprisonment in the City of Mexico a short time ago for swindling a local jeweler out of $12,000 of jewelry, has been granted a new trial. He has influential friends in the United States who are working in his behalf. Moses La More, a laborer, committed suicide at Monte Cristo, Wash. Thursday, by shooting himself through the heart with a 44-calibre revolver. He left the following note: "To my dear wife and children: Do not bother about me. Bury me close by. I am no use to you any more." Convict Williams, No. 474 in the penitentiary at Walla Walla, is missing. While engaged in watching the fires under the brick kilns he walked away without the guards detecting his escape. The country is being scoured in all directions but up to the present writing no clue has been discovered. Vice-Admiral Holtman, secretary of state for naval affairs for Germany, is said to have obtained the approval of Dr. Miquel and several other ministers for his plan of spending 40,000,000 marks.