Washington National Bank (Spokane, WA)

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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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Spokane Banks Close

SPOKANE. Wash.. 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. Other banks were subjected to a severe run. At 2 o'elock this afternoon. the Citizens' National bank closed its doors. It is reported here. on apparently reliable authority. that the Palouse City bank of Palouse. has also suspended.

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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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Two Spokane Banks Closed

SPOKANE, Wash., June .-The Washington National Bank and its adjunct, the Wash'ngton Savings Bank, have closed their doors. They were crippled by the quiet run of Monday. Both show strong assets, much in increase of the 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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Spokane Banks Closed

(By telegraph to the Dispatch.] 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 liabilities. but they 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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Two Spokane Banks Closed

SPOKANE, Wash., June 7.-The - Washington National Bank and its adjunct, the Wash'ngton Savings Bank, have closed their doors. They were crippled by the quiet run of Monday. Both SDOW strong assets, much in increase of the 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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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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Latest Bank Failures

SPOKANE. Wash., June 8.-As a result of the suspension of the Bank of Spokane three other banks in this city have closed their doors. They are the Washington National, the Washington Savings and the Citizens' National. Other banks which have just suspended payment are: First National bank, of Palouse, Wash.: the Bedford bank, Bedford, Ind.; New Albany Banking company, New Albany, Ind.; the State bank, Cortland, Neb.

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: Confidence Returning at Spokana , June 7.--[Special.]-Bank Exanimer K. T. Wilson is in charge of the Washington National and Citizen's National banks, which closed their doors yesterday. A better feeling prevails and there is no run on the other national banks. Merchants offer to take certificates of deposit and checks on any of the suspended banks at par.

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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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Washington National Bank Closed

SPOKANE, Wash., June 6.-The Wash+ ington National bank and its adjunct the Washington Savings bank closed their doors this morning. The other banks are being subjected to a severe run but seem to be standing the strain well.

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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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Resumed Business SPOKANE, Wo., July 5.-The Washington National Bank which suspended business several weeks ago has resumed today. -

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On Its Feet Again

SPOKANE, Wash., July 6.-The Washington National bank, suspended several weeks ago, resumed to-day. It is abundantly supplied with money and can meet all liabilities.

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SPOKANE BANK RE-OPENED

Spokane,July 6.-The Washington National Bank, which suspended several weeks ago, resumed today.

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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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National Bank Resnmes

MINNEAPOLIS, July 6.-A special to The Journal from Spokane, Wash., says that the Washington National bank, which suspended several weeks ago, has resumed. It is abundantly supplied with money and can meet all liabilities.

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Suspended Bank Resumes

SPOKANE, Wash., July 6.-The Washington National bank which suspended several weeks ago resumed today.

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A Spokane Bank Resumes

SPOKANE, Wash., July 6.-The Washington National bank, which suspended several weeks ago, resumed today. It is abundantiv supplied with money and can meet all liabilities.

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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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A Bank Resumes

SPOKANE, WASH., July 8.-The Washing. ton National bank, which suspended sev. eral weeks ago, has resumed. It is abundantly supplied with money and can meet all liabilities

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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.