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Other Banks Wrecked. INDIANAPOLIS, May 11.-The - Capital National Bank of this city has suspended. CHICAGO, May 11.-The Columbia National Bank has failed.
4328. Columbia National Bank (Chicago, IL)
Bank Information
- Episode Type
- Run → Suspension → Closure
- Bank Type
- national
- Bank ID
- 3677
- Charter Number
- 3677
- Start Date
- May 11, 1893
- Location
- Chicago, Illinois (41.850, -87.650)
Metadata
- Model
- gpt-5-mini
- Short Digest
c28ce43b
Response Measures
Full suspension, Books examined
Other: Receiver later appointed; bank did not resume normal business and receiver filed suits in 1894.
Description
Multiple articles (May 11, 1893) report a run on the Columbia National Bank of Chicago after news of a suit by the failed Sioux City Loan & Trust Co. and following the Chemical National Bank suspension. Doors were closed and the Comptroller's examiner took charge; a receiver was later appointed (May 22). The bank did not resume normal independent operations and was placed in receivership, consistent with permanent closure.
Events (3)
1.
May 11, 1893
Run
- Cause
- Local Banks
- Cause Details
- News of a suit connected to the failure of the Sioux City Loan & Trust Co. (a correspondent/connected country bank) and the recent Chemical National Bank suspension triggered heavy withdrawals.
- Measures
- Directors posted notice of closure; requested aid from other banks but insufficient time; bank examiner assumed control.
- Newspaper Excerpt
- A constant run since the announcement of the Chemical bank suspension caused the directors to close the doors.
- Source
- newspapers
2.
May 11, 1893
Suspension
- Cause
- Local Banks
- Cause Details
- Management closed the bank amid the ongoing run tied to the Sioux City suit and fallout from the Chemical National Bank failure; examiner took charge under the Comptroller.
- Newspaper Excerpt
- Notices announcing the suspension were posted on the doors and soon after Bank Examiner Sturges took charge of it by authority of the comptroller of currency.
- Source
- newspapers
3.
May 22, 1893
Receivership
- Newspaper Excerpt
- Comptroller Eckels to-day appointed Wm. C. Niblack receiver of the Columbia National Bank, of Chicago.
- Source
- newspapers
Newspaper Articles (24)
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NOT PLEASANT READING A HEAVY BANK FAILURE IN WILMINGTON, DEL. The Liabilities are $300,000 With Only $100,000 of Assets in Sight -Another Bank Goes Under in Chicago. WILMINGTON, Del., May 11.-The announcement of the failure of R. R. Robinson & Co., bankers and brokers, this city, today created a profound sensation. Rumors of the failure of this well known firm haye been on the street for several days and business circles have been exriteo. The liabilities of the firm are $600,000, while the assets will not exceed $100,000. The sheriff has seized all the property of the bankrupt firm. INDIANAPOLIS, Ind., May 11.-TheCap ital National bank of this city has suspended. The closing of the bank's doors was made necessary by the failure of the Chemical National Bank of Chicago. CHICAGO, May 11.-The Columbia National bank of this city has failed.
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# A Chicago Bank Fails. CHICAGO, May 11.-The Columbia National bank, this city, failed this morning. It had a capital of $1,000,000 and deposits amounting to $1,400,000. Rumors that it was in trouble had been current nearly a week. It did business with small country banks, mostly, and was not in esteem among the other city banks. Notices announcing the suspension were posted on the doors and soon after Bank Examiner Sturges took charge of it by authority of the comptroller of currency. The bank was reorganized two years ago out of the old United States National. The assets are estimated at $2,250,000, of which $1,000,000 are deposits and the remainder discounts. The liabilities are $1,500,000. The constant run since the announcement of the Chemical bank suspension caused the directors to close the doors. A call for help was made this morning, but there was not time for investigation before responding to it, and the suspension came. The Columbia is not a member of the clearing house. The statement of May 4 is as follows: Assets, loans and discounts, $1,624,832; bonds, $841,258; furniture and fixtures, $12,716; exchange, $615,975. Total, $2,594,781. Liabilities: Capital stock, $1,000,000; Surplus, $50,000; undivided profits, $41,931; circulation, $45,000; deposits, $1,457,950. Total, $2,594,881. It is said that the cause of the failure was poor collections on loans. This collapse and that at Indianapolis caused a break of 2½ cents in the price of wheat here.
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IN FINANCIAL DIFFICULTIES. Bankers Who Find Themselves Unable to Meet Their Engagements. INDIANAPOLIS, May 11.-The Capital National Bank of this city, located on South Meridian street, suspended this morning. The statement is made that the closing of the bank's doors was made necessary by the failure of the Chemical National Bank of Chicago last week, which institution owed the Capital $100,000. The bank also carried a large amount of Premier steel works paper. The latter concern was placed in the hands of a receiver Friday last. BANKERS AT WILMINGTON FAIL. WILMINGTON, DEL., May 11. - -The announcement of the failure of R. R. Robinson & Co., bankers and brokers of this city, today created a profound sensation. Rumors of the failure of this well-known firm have been on the street for several days rnd business circles have been excited. The liabilities of the firm are estimated at $300,000. while it is said the assets will not exceed $100,000. The sheriff has seized all the property of the bankrupt firm. THE COLUMBIA NATIONAL BANK OF CHICAGO. CHICAGO, May 11. - The Columbia National Bank of this city has failed. In a report of the bank's condition made by its officers at the close of business May 4 the deposits were stated to be nearly one and a half million dollars. The capital stock of the bank is $1,000,000.
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It Refused to Pay a Draft for $35,000, Suit Was Brought, Depositors Became Frightened and a Run Followed. An Institution That Did Business with Many Country Banks 10 Indiana. Methods That Tended to Make It Unpopular with Clearing-House Concerns-Failures at Sioux City and Elsewhere. ANOTHER BANK CLOSED. The Columbia National Forced to SuspendAid Refused by Other Banks. CHICAGO, May 11.-The Columbia National Bank, of this city, suspended to-day. The bank had offices in the Insurance Exchange. Rumors that the institution was in trouble have been current for nearly a week. It did business with small country banks and wasnoti in esteem with the other banking concerns of the city. As to the cause of the failure, those who know say that collections on loans have been poor. Notices announcing the suspension of the bank were posted on the doors, and a few moments later James D. Sturges, bank examiner. assumed control in the interests of depositors and under authority of the Controller of the Currency. The Columbia National was reorganized two years ago out of the old United States National Bank. A constant run on the bank since the announcement of the Chemical suspension decided the directors to close the doors. A call for help was made, but as the bankers were not notified until this morning insufficient time was allowed for an investigation and the request was denied. The Columbia was not a member of the clearing house. The statement 18 made by Lyman J. Gage that to the best of his belief admission to the association was asked about a year: ago, and was refused after an investigation was made. Instead, the concern cleared through the Metropolitan National. Last night officers of the latter institution learned that the Columbia would be short to-day, and this morning notification was made by the Metropolitan that checks would no longer be paid. A meeting of the directors was called and suspension was decided on. After suspension was decided the announcement was made in the following notice: There being a constant run on us for a number of days. in orderto protect the depositors and all interested, the board of directors have decided to close for the present All depositors will be paid in full. z. O. WIGGINS, President. Following this came the posting of a notice from the bank examiner, stating that the business of the Columbia Bank of Chicago was suspended, and that he was in charge in the interest of the Controller of the Currency. The bank's statement at the close of business May 4, 1893, was as follows: Resources
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BANK EXAMINERS. Officers Detailed to Take Charge of the Suspended Institutions. WASHINGTON, May 11.-Comptroller Eckels has designated D. A. Cook, bank examiner for Illinois outside of Chicago, to take charge of the Columbia national bank of Chicago, which failed this morning, He also telegraphed Hugh Young, bank examiner for Western Pennsylvania, residing at Pittsburg, to proceed at once to Indianapolis, Ind., and take charge of the Capital national bank of that city.
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NOT IN GOOD STANDING. A Failure That Will Carry Down Country Banks. CHICAGO, May 11.-The Columbia National Bank of this city failed this morning. It had a capital of $1,000,000, and deposits of $1,400,000. Rumors that it was in tronble have been current nearly a week. It did business with small country banks mostly. It was not in esteem among the other city banks. Notices announcing the suspension were posted on the doors and soon after Bank Examiner Sturges took charge of it. By the authority of the Comptroller of the Currency the bank was reorganized two years ago out of the old United States National. The assets are estimated at $2,250,000, of which $1,000,000 are deposits, the remainder discounts. The liabilities are $1,500,000. A constant run since the announcement of the Chemical Bank snspension caused the directors to close its doors. A call for help was made this morning, but there was not time for investigation before responding to it and suspension came. The Columbia was not a member of the Clearing-house. The last statement, May 4, was as follows: Assets-Loans and discounts, $1,624,932; bonds, $341,258; furniture and fixtures, $12,718; exchange, $615,985. Total, $2,584,881. Liabilities-Capital stock, $1,000,000; surplus, $50,000; undivided profits, $41,931; circulation, $45,000; deposits, $1,437,950. Total, $2,594,881. President Wiggins says the immediate cause of the failure was a suit by the Sioux City Loan and Trust Company, which failed a few days ago. The Columbia had $35,000 on deposit with that concern, and the news of this fact led to the run which ended in the bank's collapse. A meeting of the officers and directors was held this afternoon and at its conclusion it was announced that the bank would probably resume busicess in a short time. Cashier Preston of the Metropolitan National Bank, through which the Columbia cleared. said to-night that the failure was not a bad one and that he saw no reason why the suspension should beanything but a temporary one. WASHINGTON, May 11.-Comptroller Eckels has designated D. A. Cook, Bank Examiner for Illicois outside of Chicago, to take charge of the Columbia National Bank of Chicago, which failed this morning. He has also telegraphed Hugh Young, Bank Examiner for Western Pennsylvania, residing at Pittsburg, to proceed at once to Indianapolis, Ind., and take charge of the Capital National Bank of that city. The Comptroller has been notified that the stockholders of the Chemical National Bank of Chicago will make good the impaired capital and resume business, paying all depositors, both the main bank and the World's Fair branch, in full.
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MORE BIG BANKS FAIL One a Chicago and the Other an Indianapolis Institution. EXAMINERS ARE IN CHARGE. Brokerage and Banking House, of Wilmington, Del., Suspends-Status of the Sioux City Smash. CHICAGO, May 11.-The Columbia Namorntonal bank, of this city, failed this It had a poxits it was in current that for amounting It did trouble capital business and to of had $1,400,000. $1,000,000 with been not small in Rumors and esteem coun- de- for banks was the the cause was poor that sweek mong try mostly other of the city failure banks. It is said collections on loans. This collapse and that in Indianapolis caused a break of 21/2 cents in the price of wheat here. A notice announcing the suspension was posted on the doors soon after Bank Examiner Sturges took charge of it by authority of the comptroller of the currency. The bank was reorganized two years ago out of the old United States National bank. Its assets are estimated at $2,250,(60, of which $1,000,000 is in deposits and the remainder in accounts. The liabilities are $1,500,000. A constant run on the bank since the announcement of the Chemical bank suspension caused the directors to close the doors. A call for help was made this morning, but there was not time for an investigation before responding to it, and the suspension came. The Columbia bank was not a member of the clearing house. Its last statement on May 4 was as follows:
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THE COLUMBIA. Chicago, May 11. -The - Columbia Na. tienal bank of this city suspended today. The bank had offices in the insurance exchange. Deposits were $1,400,000. and capital $1,000,000. Rumors that the institution was in trouble had been eurrent for a week. It did business with small country banks and was not in esteem with other banking concerns of the city, James D. Sturges. bank examiner. assumed control in the Interest of the depositors and under the authority of the comptroller of the currency. The Columwas ago. bia national out of the old United organized States two Nation- years al bank. The bank statement at close of and business, discounts, May 4, $1,024,932.27 gives resources, United loans States and other bonds. $342,257.91; furniture and fixtures. $12,715.95; cash and stight exchanges. $015,975.00 Total, $2. 594.881.19. Liabilitie Capital stock, $1,000,000; surplus, $50,000; undivided profits, $41. 930.85: circulation. $45,000: deposits. $1. 457.950.34: total, $2,594,881.19 It is expected depositors will be paid in full. The president of the Columbia assigns as the immediate cause of the failure. the suit brought against and Trust a the which Sloux failed City Loan few days ago, with company. it a de- by posit in the bank of $35,000. When the draft for the amount was presented the bank refused payment, claiming it had leans outstanding aguinst the Sioux City company. which equalled the amount of the deposit. Immediately the company entered snit. News of the suit spread and caused n run. which the bank was unable to withstand.
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FORCED TO SUSPEND. The Columbia National Bank, at Chicago, Closes Its Doors. CHICAGO, May 11.-The Columbia National bank of this city suspended today. The bank had offices in the Insurance Exchange. The deposits were $1,400,000 and the capital $1 000,000. Rumors that the institution was in trouble have been current for nearly a week. It did business with small country banks and was not in esteem with the other banking concerns of the city. As to the cause of the failure, those who should know say that collections on loans have been poor. The officers of the bank are T. Everingham, president; W. G. Bentley, vice president; Zimri Diggins, cashier; John T. Green, assistant cashier. Notices announcing the suspension of the bank were posted on the doors, and a few moments later James D. Sturges, bank examiner, assumed control in the interest of depositors and under authority of the comptroller of currency. The Columbia National was reorganized two years ago, out of theold United States National bank. Estimates by bankers intimate with its affairs make this showing: Assets, $2,250,000; liabilities, $1,500,000. A constant run on the bank since the announcement of the Chemical suspension decided the directors to close the doors. A call for help was made, but, as the bankers were not notified until this morning, insufficient time was allowed for an investigation and the request was denied. The Colnmbia was not a member of the clearing house. Zimri Dwiggins, the cashier of the Columbia, assigns as the immediate cause of the failure of his bank the suit which was brought against it by the Sioux City Loan and Trust company, which failed a few days ago. The Columbia was the Chicago bank with which the Sioux City concern did business, and their deposit in the bank at the time of their collapse in Sioux City amounted to $35,000. A draft was drawn on the Columbia for this amount. When the draft was presented by a man from Iowa the bank refused payment, claiming that it had loans outstanding against the Sioux City company which equaled the amount of their deposit. Immediately on this refusal of the bank to honor the draft, the company entered suit against the bank. The news of the suit spread and caused a run on the bank, which they were unable to withstand. A meeting of the officers and directors was held this afternoon. and at its con. clusion it was announced that the bank would probably resume business in a short time. Cashier Preston, of the Metropolitan National bank, through which the Columbia National cleared, said tonight that the failure was not a bad one, and that he saw no reason why the suspension should be anything but temporary. WASHINGTON, May 11.-Comptroller Eckels has designated D. A. Cook, bank examiner for Illinois outside of the city of Chicago, to take charge of the Columbia National Bank of Chicago. He has also telegraphed Hugh Young, bank examiner for Western Pennsylvania, residing at Pittsburg, to proceed at once to Indianapolis and take charge of the Capital National bank, of that city. Comptroller Eckels was today advised that the stockholders of the Chemical National Bank of Chicago, whose failure was recently announced, will make good the impaired capital as soon as the exact amount can be ascertained, and the bank will resuine busiit is ness. Every cent, asserted, that the will de- be paid, and it is understood positors at the world's fair branch have already been paid.
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# FAILURE OF THE COLUMBIA. Interesting Developments Promised in the Investigation. CHICAGO, May 12. Interesting disclosures are promised in connection with the investigation into the Columbia National bank failure. The directors held a meeting today to discuss the practicability of resuming, but the result of their deliberations was not given out. The affairs of the bank are in such a thorough mix that it is not known just how matters stand. Zimri Dwiggins, president of the Columbia bank, was a banker in Attica, Ind., ten or twelve years ago and at that time established close relations with G. W. Wiggs and J. W. Starbuck, who were running a system of bucket shops under the name of Wiley Strawbridge & Co. They determined to start a bank and organized the United States National bank with a capital of $50,000. The bucket shop business was subsequently broken up under the bucket shop law, the bank being left in Dwiggins' control, while Wiggs went to New Mexico. The stock of the United States bank was swelled to $500,000 and Wiggs, who had discovered an alleged gilt-edged mine, drew $300,000 to pay for it. The mine was to be sold to English investors. The mine was a "dead horse" and never panned out. Nothing daunted by the failure of the New Mexican scheme, Dwiggins and Starbuck undertook the establishment of a chain of country banks. It is not known how many were then organized, but after the Columbia was established they went at it with vim and their connections are now more extensive than before. The scheme was to visit some well known and well to do farmer in a town and secure his services as cashier of the branch, the farmer to take a large block of the stock. The money was advanced by the Columbia and some one put in control who was in sympathy with their interests. The country bank stock thus acquired was either used as collateral for loans by the Columbia National or bought outright. As the money sent out into the country soon came back to the reserve center the bank was not out of cash long and practically no capital was required in the promotion of business. The Columbia, however, finally got loaded up with country bank stock for which it had no special use, and then it was determined, it is said, to organize a company to take this stock, issue debenture bonds on them and sell the bonds. The United States Loan & Trust company was put in the field with Zimri Dwiggins as president, and incorporated under the laws of Indiana. The company is said to have represented that upon the basis of country bank stocks yielding 8, 10 and 12 per cent dividends, 5 and 6 cent debenture bonds would be issued. To make the bonds good, the United States Loan & Trust company guaranteed the payment of principal and interest. The scheme caught on in good style, and it is known that at one financial concern's office $250,000 of the United States Loan & Trust company's debentures had been registered there. The approximate amount of bank stock held for this is said to be $150,000, and President Dwiggins is understood to have $600,000 more on hand. The assets of the United States Loan & Trust company are said to consist of about $1,000 in office furniture. The concern controlled a large number of banks in Indiana, Illinois, Ohio and Michigan, most of which will be closed. Crowds of people congregated around the offices of the Columbia National bank today, but were assured from notices posted by those who had drawn on the bank that they themselves would see to the liquidation of all such drafts, and other assurances were given by officials that all would get their money.
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EARLY NEWS SUMMARY. Miscellaneous. Numerous private and state banks throughout Indiana, Ohio and Illinois closed their doors, owing to the failure of the Columbia National Bank of Chicago. The firm controlling the Columbia and these small concerns also failed. The depositors of the Capital Bank of Indianapolis may be paid in full. No further trouble is expected in that city. The local Board of Directors of the World's Fair have decided to open Jackson Park, in which the buildings are placed, to the public on Sunday on and after May 21. It is not believed the National Commissioners will interfere, and nothing can be done to prevent the opening unless the courts take*action. At the fifth annual session of the Scotch Irish Congress at Springfield, O., Robert Bonner, of New York, was reelected president and Dr. John S. MacIntosh, of Philadelphia, vice-president. Francis H. Weeks, ex president of the Land and River Improvement Company of West Superior, Wis, who made an assignment on May 1, has fled from New York to escape his creditors. He is believed to be in Canada Representatives of the Pennsylvania and New York Central railroads were unable to agree upon the fare to be charged on twenty hour trains to Chi cago, and the matter will be arbitrated The condition of the National Treasury is much improved. The net balance will continue to increase from now on and offers from the West have made intact the gold reserve and given a surplus. Reports from General McCook received at Washington, state that the Navajo trouble is all over and also that Lieutenant Plummer was not killed by the Indians. The heirs of Jay Gould are endeavoring to swear off their personal taxes. The New York tax commissioners have ap praised the personal estate at $10,000,000. Nicaraguan Minister Guzman at Washington said he had received infor mation that a decisive battle was about to be fought between the government forces and the revolutionists. Warner Miller in an interview at New York, said the Nicaraguan Canal Com pany had nothing to do with the revolt as its policy had always been to leave such matters alone. W. H. Thomas & Son of Louisville, the biggest whiskey dealers in the South, suspended payments. The Russian consul general at New York entertained the Grand Duke Alexander at a ball. It is reported that the sewing machine trust that was to embrace five houses and have a capital of $12,000,000, has been abandoned. The governor of South Carolina has appointed the county boards of control that are to have charge of the whiskey dispensaries. Rev. Waldo Messaros of the Free Bap. tist Church, has been served with papers in a civil suit by his wife's lawyer for separate maintenance, the charge being incompatibility of temperament.
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The failure of the Columbia National Bank in Chicago and the ruin thus brought upon the numerous small country banks connected with it are not calculated to encourage those looking for a brighter financial outlook. Nevertheless it is not believed the result presages a general panic. It appears that the greater number of these failures were directly due to the failure of the Columbian Bank.
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The failure of the Columbia National Bank of Chicago has extended over a large territory. Friday eight banks in different towns in Indiana closed their doors, also six in Michigan, two in Illinois and two in Ohio. Nearly all were closely related or partly owned by the Columbia National, and in some cases it is believed the bank officers became panic stricken and closed unnecessarily. It is said there are no less than fifty banks that have felt the shock caused by the closing down of the Columbia National; many have already put of their Shutters and other's will follow.
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Bank Doors Closed. Bank Suspended." That was the legend affixed to the door of the Columbia National Bank in Chicago, at 10 o'clock Thursday morning. Close by this announcement was another to the effect that, there having been a run on the concern for some time. it was deemed best to close the doors in order to protect the Interested parties A large crowd quickly gathered at the bank entrance of the building, but there was little surprise shown over the announcement. The fact is, according to a dispatch, banking circles have been expecting a suspension for some time past, and even the patrons of the bank have not looked upon it as a safe place for the keep. ing of their money.
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ANOTHER WESTERN BANK GOES DOWN. THE EVANSTON NATIONAL OF ILLINOIS CLOSED -GRAIN DEALER'S IN TROUBLE. Chicago, May 18 (Special).-Some more of the aftermath of the Chemical and Columbia National Bank failures came to the surface 10-day. The Evanston National Bank, of Evanston, which did business with the Chemical, falled to open this morning, the following notice, signed by Henry Wells, the president. being posted on the door: "Owing to heavy drains made upon our deposits and the stringency of the money market this bank suspends payment. Depositors will be paid in full." All the men connected with the bank declare that depositors will be paid in full and that the bank will reopen in three days. The capital stock of the institution is $100,000. The last public statement was made March 6, when the amount of deposits was given ás $161,023 81 Since that time, however, the bank has been in bad standing. and depositors have gradually drawn out. Since Monday the bank. paper has not been accepted by the Chicago Clearing House. Rumors of the shakiness of the bank have been current for the last week or so. The concern cleared through the Chemical National until that bank falled. Then the officials of the Evanston Bank requested the privilege of clearing through the Metropolitan Bank, which consented to pay their checks as long as they kept enough money at the Metropolitan to cover all claims. Yesterday their deposit became exhausted and the local bank refused to honor any more of the Evanston Bank's checks. Bank Examiner Caldwell was seen In regard to the cause of the suspension and gave the following statement: "I received orders yesterday from Washington to examine the bank and did so. On reporting Its condition to Controller Eckels, I received orders to close the bank at once. The bank was suffering from a run and did not have the money on hand to pay out. As matters stand. there is $60,000 in deposits unpaid. I see no reason, so far, for depositors not being paid In full." N. A. Hill, vice-pre-ident, attributed the sudden run the failure of the Chemical at Chicago. "We did not to lose much by that failure, but It was known here that the Chemical was our correspondent," said he. This scared depositors and they began drawing out money faster than we could realize on our securities." "Was there no other reason for the run ?" Hill was asked. After some hesitation he replied: "Well, I suppose our president's trouble with a number of lumber deals he was in hastened matters. He was a heavy loser by the failure of the Cafro Lumber Company. and was also a loser in several other lumber failures. These matters became noised about and the run began." Among the business men about town the suspension is thought to have been caused by poor financiering methods. This afternoon the Board of Trade firm of N. 11. Warren & Co. closed Its deals. The firm has been on the bull side of corn for a long time-in fact, ever since the market was in the 50s-and the drop since has been rapidly exhausting its ready means. The crowning trouble was the fact that their funds were locked up in the Columbia Bank. As the firm was not in a position to respond to additional calls, those having trades with it deemed it predent to close them out. So at the start there was free selling for this account, and July touched 42 cents. About 600,000 bushels were closed out on the firm's account. The failure-If such it may be calledproduced very little excitement.
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Another Failure at Sloux City. SIOUX CITY, Ia., May 12.-The announcement of the failure of the Columbia National bank of Chicago sent the Sioux City engine works to the wall, and W. M. Thompson was appointed receiver for the company. He qualified under a $50,000 bond.
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MISCELLANEOUS. THE prominent firm of Brueder & Wolf, manufacturers of carpets, Vienna, has failed. The liabilities are 1,000,000 florins. THE Capital National bank of Indianapolis, Ind., failed on the 11th. THE fifth annual congress of the Scotch-Irish Society of America met at Springfield, O., with President Robert Bonner, of New York, in the chair and many distinguished men as delegates. THE Columbia National bank of Chicago failed on the 11th. THE big levee at Lakeport, on the Mississippi, broke the other morning, flooding portions of Arkansas and Mississippi. FIRE at Spring Lake, Mich, started by a spark from a passing steamboat," caused a conflagration which destroyed half the town. THE committee investigating the misconduct of Theodore Thomas,musical director at the world's fair, recommended that he be dismissed. A POLICEMAN and four members of a drunken mob were killed in a collision at Durango, Mex. THE New York Central engine 999, which made a record of 100 miles an hour, beat the record by doing a mile in thirty-two seconds, which is equivalent to 1121/4 miles an hour. THE number of Chinamen complying with the registration law was 3,303about 8 per cent. FRANCIS H. WEEKS, a New York lawyer and defaulter, has fled. He owed margins to brokers and lost trust funds in speculation. NEW YORK banks make a better showing than for over a year. THE United States coast survey steamer was reported aground in the St. Lawrence. THE liabilities of Robinson & Co., the bankers of Wilmington, Del., are at $325,000 and suspended placed assets at had $200,000. The Knights of Pythias a large amount of the order's money in the bank. THE great sewing machine trust has died in its incipienoy. After the general details had been arranged and the combination of five companies had been believed assured the Domestic people suddenly announced that they did not care to consolidate. AT a meeting of the local directory of the world's fair it was decided to open the world's fair on Sunday, May 21. A TORNAI swept through Livingston county, Mich., doing a great amount of damage to farm property. CLEARING house returns for the week inended May 11 showed an average crease of 10.0 compared with the corre- New sponding week of last year. In York the increase was 12.9. QUITE a number of bank failures in Indiana resulted from the suspension of the Columbia National of Chicago. THE Robinson bank at Wilmington, Del., has failed. THE whisky house of W. H. Thomas & Son, an extensive concern at Louis ville, Ky., has failed. Liabilities over $500,000; assets as much TROUBLE with the Navajos has been averted by the intervention of Chief Black Horse, who has succeeded in get ting the murderers of Ranchman Welsh delivered'up Two masked men held up a Mobile Ohio train at Laketon, Ky., but gotvery little. S.T.K. PRIME, of crop report fame, in an interview says the financial condition of the farmers of the west and southwest is of the best.
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A WEEK'S NEWS CONDENSED Friday, May 12. W. W. Tracey, of Illinois, succeeds General Clarkson as president of the National League of Republican olubs. Many additional bank failures occurred throughout the west as a result of the failure of the Columbia National bank of Chicago. At Springfield, Mass., Emma Butterworth, aged 23, was killed while trying to save her 70-year-old father from suicide, receiving a bullet in her brain after it had passed through her father's head. Saturday, May 13. George Victor, the sovereign Prince of Waldeck, died at Marienbad, Bohemia, of pneumonia, aged 62 years. The wholesale whisky firm of W. H. s Thomas & Sons, of Louisville, Ky., suspended payment yesterday. The Republican members withdrew from the Spanish eortes as a protest against the action of the government in rushing through the bill postponing the municipal elections. Francis H. Weeks, lawyer, ex-president, ex-secretary and ex-treasurer of the Land and River Improvement company, of West Superior, Wis., and ex-treasurer of the West Superior Iron and Steel company, is a fugitive from justice. Monday, May 15. Charles Francois Gounod is confined to his room in Paris by illness. The pope will send the gold rose of virtue this year to Marie Henriette, queen of the Belgiaus. Miss Rose Cleveland sailed from LAverpool for New York on the steamer Etruria on Saturday The steamship City of Hamburg collided with the ship Countess Evelym off-Trevosse Head, coast OL Cornwall, and twenty-five were drowned. Pope Leo has confirmed the appointment of Mgr. John Joseph Kain, of Wheeling W. Va., as coadjutor to Archbishop Kenrick, of St. Louis. Tuesday, May 16. An interesting event is expected in the family of President Cleveland in July. Julius Lord, 63 years old, died at Williamstown, N. Y. after suffering three years from hiccoughs. A boiler exploded in a cloth factory in Sedan, France, and twenty men are said to have been killed. The Queensland National bank and the Bank of North Queensland, limited both in Australia, have suspended payment. James T. Stnart has been appointed inspector of the bureau of animal industry at Cleveland, at a salary of $1,000 a year. The following Delaware postage have just been appointed: J. S. Caspe on, at Clayton: Mrs. V. Hayden, Fieldsboro. Charles Lendberg, Peter Johnson, John Larsen and John Swansen were drowned by the capsizing of & yacht in Lake Michigan. Wednesday, May 17. The City of Melbourne (Australia) Bank has failed. R. Hodson & Sons, the well known London stock brokers, have failed. Efforts are being made to establish a United States legation at the Vatican. The members of the whisky trust met in Chicago yesterday and decided to issue $5,000,000 worth of bonds. Erastus Wiman, the well known railroad promoter, made an assignment at New York for the benefit of his creditors. George Abbott, alias Frank C. Almy, was hanged at Coneprd, N. H., for the murder of Christie Warden in July, 1891. The execution was ing affair. Thursdly, May 18. The anti-pooling bill was defeated in the Kentucky legislature. Private advices from Rome state that Bishop Chappele, of Santa Fe, has been made coadjutor to Archbishop Salpointe, of the Arch diocese of Santa Fe. The names of Claudins M. Bradshaw, of I New Jersey, and Peter Otey, of Lynchburg, Va., have been added to the list of applicants for appointment as register of the national treasury. The president has appointed Colonel William P. Carlin, of the Fourth United States infantry, to be brigadier general, to fill the vacaney caused by the retirement of Brigadier General Care
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About a dozen small country banks in Illinois, In diana, Ohio and Michigan, the most of them connected with the failed Columbia National Bank of Chicago, have suspended business.
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Last week seven banks in Indiana suspended business, three in Ohio failed, and five in Michigan and one in Illinois closed doors. Their disaster is due to connection with the Columbia National Bank of Chicago, which suspended Thursday.
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Two old fashioned parlor rocking chairs, once the property of Mary Washington, have been presented to the Masonic Lodge at Fredericksburg. Gold lands are looking up in Virginia. It is understood that Dr. Cooke refused $25,000 for a tract of land below Morrisville with gold on it. # ALEXANDER H. STEPHENS MONUMENT The monument recently erected to the memory of Alexander H. Stephens, Vice-President of the Confederate States, at Liberty Hall, will be unveiled May 24. On and after May 21 the World's Fair grounds will be open every Sunday. This decision was reached at a meeting of the directors of the exposition on 12th inst. Virginia's new oyster law has been in operation seven months. The receipts from October 1 to May 1 were $27,369.87 and the disbursements $10,968.05, leaving a net balance of $16,401.82. Col. A. S. Buford, president of Virginia World's Fair Board and widely known throughout the State for many years as a railroad president, has announced himself as a candidate for the gubernatorial nomination. The Governor of New York has signed the bill making it a misdemeanor for publishers or proprietors of newspapers to misrepresent their circulation for the purpose of securing advertising or other patronage. A new medical college, to be called the College of Physicians and Surgeons of Richmond, is to be established there, and will open its doors next fall to students. Dr. Hunter McGuire is at the head of the movement. Every road leading out of Raleigh, North Carolina, with one exception, has been graded and nicely macadamized for several miles. A business gentleman estimates the gain to the city from truck alone at from $10,000 to $15,000, per annum. Last week seven banks in Indiana suspended business, three in Ohio failed, and five in Michigan and one in Illinois closed doors. Their disaster is due to connection with the Columbia National Bank of Chicago, which suspended Thursday. The Southern Baptist Convention Monday adopted a resolution in favor of closing the World's Fair on Sunday, and the committee on time and place of holding the next meeting reported in favor of Dallas, Tex., the Friday before the second Sunday in next May. The Young Men's Christian Association Convention at Indianapolis, adjourned on Saturday after passing resolutions condemning the opening of the World's Fair gates on Sunday. Ex President Harrison and John Wanamaker addressed the convention. Gen. S. C. Armstrong, founder and superintendent of the Normal Institute at Hampton, died last week aged fifty-six years. Ever since the war he has devoted his life to the manual training of young colored people and Indians of both sexes. He often had as many as 1,000 under his care. Col. J. Hampton Hoge, of Montgomery county, Va., has been appointed consul at Amoy, China. This position was tendered him by Mr. Quincy, in lieu of the Hong Kong consulate, for which he was an applicant. The position pays $3,500 a year, to which are added fees probably reaching $2,000 per annum. Governor McKinney has returned from Washington, where he went to make an arrangement to secure a steamer for prosecuting the work of surveying the oyster grounds. The steamer Petrel, of the fish commissioners' department, has been placed at the disposal of the Virginia authorities. Captain Baylor will resume operations on June 1, and expects to complete a survey of the grounds during the summer. A handsome monument over the remains of Confederate soldiers buried in Oakwoods Cemetery, Chicago, is to be unveiled on the 25th of July next. Starting with a nucleus of $1,500, raised by the Monument Association through a lecture delivered by Gen. John B. Gordon, of Georgia, a sufficient sum has been secured, and the monument is rapidly approaching completion. A generous response from the citizens of Chicago was a subscription of $10,000. President Cleveland was recently written to and asked to become a member of the Virginia Historical Society. A few days ago Private Secretary Thurber responded to this letter. He said there were so many appeals to connect himself with similar organizations that Mr. Cleveland had concluded not to join any of them. Ex-President Harrison was recently elected a member of the Virginia Historical Society. The remains of President Davis will be brought to Richmond in an observation car, which will be specially draped and painted for the purpose. The sides of the coach are practically made of glass, and when the casket is placed on an elevation in the centre of the car it will be visible as the train moves along. The detailed instructions for the arrangement of the car have not yet been given to the Richmond and Danville officials, but as soon as they are decided upon the work will be commenced and rapidly pushed to completion. The hand book which the State commissioner of agriculture will issue shortly will contain information for those desiring to settle permanently in Virginia. This work will have a succinct statement of the claims of each county. Not only will it show
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Special Telegram to the Register. WASHINGTON, D. C., May 22.-There was a fresh gathering of West Virginia clans in Washington to-day. Democratic politicians from all sections of the State are here, and the lobby of the National Hotel to-night recalled the weeks immediately following the inauguration when the patriots came to town in droves eager to gather in their share of the spoils of victory. To-day's gatheriug was mainly due to the knowledge which some how became distributed over the State that Collector of Internal Revenue Gilkeson would be in town, and that he was about ready to designate who his assistants would be in the different districts and counties. Mr. Gilkeson was here, and he was a much sought after man this afternoon and evening. He said to the REGISTER correspondent to-night that he had nothing to give out just now, but expected to have something interesting to say before going home on Wednesday. Another cause of the gathering of the boys was the return of Senator Camden to town. The Senator spent the day In going through the Departments to find how the situation stood as to the appointments he is Interested in. Senator Falkner also got back here this afternoon, as did Congressman Capehart, so that the entire delegation is now on hand again ready for a final round-up of the places which West Virginia claims as her own, and on which she has put her brand. Other West Virginians in town are Judge Brannon. of Lewis; Col. John T. McGraw, Phil. H. and Frank Keys; H. J. Brooks, of Monongalia; Col. John A. Robinson, Capt. John Sheridan, Charlie Hagans and many others. Senator Camden said to-night that there was no truth whatever in the report that Judge Jackson was about to retire from United States District Court bench. He stated that Judge Jackson, being but 68 years of age would not be eligible for retirement on full pay for two years yet, and it was hardly likely he would resign now, as he was still in good health. T. P. Jeffry of West Virginia Monday filed at the treasury department an application for appointment as chief of the stamp division of the Internal revenue bureau. It is understood that Mr. Bernard Goode, of Detroit, Mich., will soon be appointed Superintendent of the Dead Letter Office, Postoffice Department, vice D. P. Leibhardt, resigned. Comptroller Eckels to-day appointed Wm. C. Niblack receiver of the Columbia National Bank, of Chicago.
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# Columbia Bank Stockholders Sued. William C. Niblack, receiver for the Columbia National Bank of Chicago, yesterday filed suits in the United States Circuit Court against Conrad H. Zeis and G. K. McComas to collect assessments due the insolvent institution. The defendants live in the northern part of the State. Both were stockholders in the Columbia Bank, and it is alleged that they have refused to settle their share of the assessment. Judgment is asked for $4,000 in each suit.