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Another Chicago Bank Suspends. CHICAGO, December 11.-The Directors of the German-A merican Bank decided to-night to suspend payment to-morrow and go into liquidation. Its liabilities to depositors are $65,000; assets $100,000. The stockholders will lose about 50 per cent. The capital stock was $135,000 and the bank has been gradually increasing in idebtedues for a year.
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BROKEN BANKS. The German-American Added to the List of Dead Institutions. Its Depositors WIll Probably Get Their Money Back--History of the Concern. A Visit to the Receivers of the Concerms that Went Before. The excitement occasioned among our German citizens by the going into liquidation of the Ger. man National and German Savings Banks was somewhat increased yesterday by the announcement that the Gorman-American bank, an institution of which Justus Killan was President, had decided to withdraw from business.-to go Into liquidation. Its Directors have fought the fight up to the present time, but, finding It unprofitable to longer remain in business, concluded vesterday to settle up their affairs. HISTORICAL. This bank was the result of an amalgamation of the Germania and the Germnn-American Savings Bank, the Grat of which started Oct. 1, 1870, and the second just before the fire. The Germania had a capital of $100,000, most of which was *ubscribed by small merchants. so that the number of its orginial stockholders was from 280 to 300. Carl Knobelsdorff was its President. The German Savings Bank had at Its head Francis Lockner. Illiam J. Haller was Cashier of both banks. The consolidation took place July 1, 1874. Mr. Knobeladorff became President. and Haller remained Cashier. In July. 1875, Mr. Knobeledorff resigned on ACcount of Ill-bealth. and Mr. Justus Killan took charge of the bank. W hen the Commercial Loan Company stopped, and Its Extures at Its North Side office were offered for sale, the GermanAmerican took the Extures and office, and started a branch over there on the North Side, hoping to gain custom. At first it acemed to gain, but this did not last long, and during the Inst year the bank's deposits have stendily diminished, until they run down from $300,000 to $38, 000. The Directors have seen for a year that the bank could not live, and have done all they could to straighten matters. They have for some time declined to recive deposits, and they would have presumably succeeded In settling up everything with. out any difficulty If the different bank fallures had not excited distruct. and hurried on the withdrawal of deposite. A great portion of the fault 1A due to a number of the smaller stockholders, who, for various reasons, had for more than a year been making remarks against the bank. ACCORDING TO THE PRESIDENT'S REPORT, the Indebtedness of the bank is about $65,000, of which $38,000 la due to depositors, and $27,000 for money borrowed. Half of the deposits belong to the Directors of the bank. There is also the liability on the capital stock, which in $130,000. of which only $105, 000 was paid up. The balance sheet is as follows: ASSETS. Cash on hand $ 7,800 Investment account 47,500 Bills receivable 73,500 Interest on Investments and bills 10,000 $138,800 LIABILITIES.
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ANOTHER CHICAGO BANK. Chicago, Dec. 11.-The directors of the German-American Bank decided to-night to suspend payment to-morrow and go into liquidation. The liabilities to depositors are $65,000; assetts, $108,000. The stockholders will lose about fifty per. cent. The capital stock was $135,000. The bank has been gradualiy decreasing its indebtedness for about a year.
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TELEGRAPHIC NOTES. In Fountain Bluff Township, Jackson County, III., on the 7th, Charles Maulrich, in a fit of insane jealousy, shot and killed his wife with a rifle, and then deliberately reloaded the same and shot himself. The parties had been married but four years, but had separated on account of various disagreements. Five persons were seriously burned by the explosion of a kerosene lamp in the house of Mr. Ragner at Glenwood, Iowa, on the night of the 8th. Two died soon afterward, and the condition of the others rendered their recovery doubtful. Mrs. Gaskill was fatally burned at Cincinnati, on the 10th, while kindling fire with kerosene oil. The Simpson Bank of Lawrence, Kansas, has been placed in the hands of a receiver. It is believed that the assets of the bank, if not sacrificed, will be sufficient to pay the creditors of the bank in full. Frederick Shurer, an estimable citizen of Fort Wayne, Ind., after a few days' sickness became violently insane, and suddenly seizing his two-year-old daughter threw her out of a second-story window, causing fatal injuries. He then armed himself with an ax and drove his wife and family from the house, after which he locked himself in and began chopping the furniture to pieces. A squad of officers endeavored to capture him, but with his uplifted ax he held them at bay for three hours. He was finally overpowered and manacled and taken to the insane asylum. The family of a Mr. Roger, at Glenwood, Iowa, were seriously burned on the night of the 8th by the explosion of a kerosene lamp. Two children died of their injuries, another was thought to be fatally burned, and the father and mother were both seriously injured. George Ellis, a United States Deputy Marshal, on the night of the 9th undertook to arrest a notorious desperado named Tom Moore, in Casey County, Ky. Shots were exchanged almost simultaneously, and both fell mortally wounded and soon after died. By the explosion of a steam boiler in Clark & Buck's machine-shop at Vincennes, Ind., on the 11th, John Miller and James Coleman were instantly killed. Several others were more or less injured. A continuance has been granted in the case of Scott, alias Rand, the St. Elmo (III.) murderer, until the February term of the Knox County Court. The defense will set up a plea of insanity. The German-American Bank of Chicago suspended on the 12th. Its liabilities to depositors are $65,000; assets, $108,000. The stockholders will lose 30 per cent. Allen Congdon, aged 4 years, of Westfield, Mass., died on the 7th of hydrophobia after three days' sickness, caused by the bite of a Spitz dog, received six weeks previously. A. B. McCartney, of Mercer, Pa., was burned to death in the City Hotel at Beringer City, Pa., on the morning of the 12th. The hotel was totally destroyed together with several adjacent buildings. The Newark Savings Institution, of Newark, N. J., which has been doing business for over 30-years and has $11,000,000 of deposits, has been taken charge of by the State Chancellor, on a petition of its managers, to insure an equal division of assets
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Eastein and Middle States. The New York baby show wound up by the distribution of prizes to the winning mothers and infants, at Steinway Hall. The mothers who did not win prizes were excluded from the hall by the manager, but they gathered before the building and loudly and vigorously protested, asserting that he had swindled them with promises which he did not keep. The manager discreetly escaped by back door. Hon. Henry L. Pierce, the citizens' candidate, was elected mayor of Boston over Mr. Prince by 150 majority. The board of aldermen elected consists of six Republicans and six Democrats. Six prisoners escaped from the Kingston (N. Y.) jail by sawing the bolts and locks off the doors. The Homestead Fire Insurance Company of Watertown, N. Y., has been ordered by the insurance superintendent of the State to close up its affairs on account of a heavy impairment of its capital stock. A fire at Bethel, Vt., burned out several business firms and private families. Damage, over $23,000; partially insured. A cat show has been opened in New York. A fire at Beringer City, Pa., destroyed the Beringer City Hotel and the bu Idings. A. B. McCartney, a guest *topping at the hotel was burned to death, while the other guests nar rowly escaped like fate. Barney Donohue, the leader of the Erie. railroad strikers last August, was sentenced at Bath. N. Y., to three months' imprisonment on the charge of conspiracy against trade and commerce. The Tannton Savings Bank, of Taunton, Mass., has suspended. A fire in the dye house of the York Manufacturing Company at Biddeford, Me, caused damage amounting to $25,000; fully insured. Two colored men, named Samuel Chambers and George Collins, were found guilty of assaulting white woman, at Middleton, Del., and were sentenced to be hanged. Miss Bertha Von Hillern walked 150 miles in fifty consecutive hours at Philadelphia A new telegraph company, with a capital of $10,000 000, has been formed in New York city. The New York State superintendent of banks has requested the attorney-general to institute proceedings towards closing up the Oriental Savings Bank, of New York city. John Kintzler and his wife, both of them over seventy years of age, were murdered in aly-populated part of Snider county, Pa., where they lived in an old log house. Their occupation was telling fortunes, and on the night of the tragedy some of the neighbors heard shots, and soon after observed the house on fire. On investigation the bodies of the two were found, burned almost to a crisp, while soveral circumstances led to the belief that they had been shot before the house was fired. An indictment was found against Sherman Broadwell, late president of the broken Clairmont Savings Bank of New York, and he was arrested. The charge against him is perjury, on swearing to the bank's condition. At Whitehaven, Pa., twenty-three persons were dangerously poisoned by eating liver pudding that had been boiled in copper kettle. A native of Ireland, named Edward McGovern, died in New York at the patriarchial 109 of years. age Three business blocks in Laconia, N. H., were destroyed by fire, causing a loss of about $10.000, on which there 18 $7,500 insurance and the Forest House, one of the principal hotels in Scranton, Pa., was the scene of an exciting fire, many of the guests having & narrow escape from suffocation. A colored baby show was opened in Gilmore's Garden, New York. Seventy-nine babies were on exhibition and competed for the various prizes. A coal oil car on the rack of the Erie railroad at Paterson, N. J., caught fire, and the burning liquid ran into the streets, communicating the flames to several buildings some of them half mile away. A number of houses, barns and stables were destroyed Eight men were convicted in Wilkesbarre, Pa., of rioting last September, during a strike, and were sentenced to various terms of imprisonment and to pay fines more or less large. The seventieth birthday of Whittier, the poet, was commemorated by a gathering of prominent literary men at a dinner in Boston. Western and Southern States. According to incomplete returns from the cotton-producing States, the cotton crop this year will not be 80 large as last year, on account of heavy rains and killing frosts. The suspension of the Simpson Bank of Lawrence, Kansas, the oldest banking house in the place, is announced. The directors of the German-American Bank of Chicago decided to suspend payment and go into liquidation A memorial hall, to cost not less than $200 000, IN to be erected in Indianapolis, to commemorate the late Senator Morton. The California Legislature has passed a resolution calling upon Congress to levy a ax of $250 on each Chinaman immigrating to the United States. John W. Garrett bas been re-elected president of the Baltimore and Ohio railroad for the twentieth time in as many consecutive years. The two children of a coal miner named Dennis, living at Benwood, W. Va., fell into a tub of boiling water, and one died instantly while the other was fatally scalded. An entire block of buildings was destroyed by fire at Helena, Ark. Loss, $46,000. The Indians near Florence, Arizona, are killing and depredating. Troops have been sent in pursuit. J. D. Easter & Co., of Chicago, manufacturers of agricultural implements, have suspended, with liabilities placed at over $500,000. Two thieves at Tackville, Ala., were pursued by citizens, caught and killed. The border of Texas was the scene of a fleroe fight between State troops helping the civil authorities and band of several hundred Mexicans. The State troops were intrenched in the town of San Elizario, which was beseiged by the Mexicans, who were present in large force. Six of the State troops were killed. Governor Hubbard, of Texas, sent the following dispatch to President Hayes am officially informed that citizens of Mexico, in connection with citizens of El Paso county, Texas, of Mexican birth, were fighting all day yesterday in Texas with detachme of State troops who were aiding our civil authorities. The Mexican force being too strong to be repelled by Texas troops and it being impossible to raise civil posse from the citizens, who are nearly all of Mexican blood and sympathy, and having no re-enforcements within several hundred miles, ask tue aid of such United States troops as may be nearest to the scene of action to repel the invasion of our territory. The origin of hostilities seems to have been dispute in regard to the ownership of certain salt pits in El Paso county. The President ordered several companies of United States regulars stationed in the neighborhood of the scene of warfare to proceed to the assists of the State troops and aid in repelling the invaders of American soil. The Democrats of the California Legislature nominated J. T. Farley for United States Senator, the nomination being equivalent an election, as they have majority in both houses. The boiler in the oat meal manufactory of Stewart & Douglass, at Cedar Rapids, Iowa, exploded, causing damage amounting to $20,000. From Washington The Senate finance committee at a meeting considered Mr. Wallace's bill authorizing the issue of one hundred million dollars' worth of four per centum sixty year bonds, in lieu of the four per centum bonds now authorized by law, the long bonds to be of the denominations of twenty -five, fifty and one hundred dollars, and to be issued for the investment of savings. The bill further provides that the coupons shall be payable either in legal tender notes or in coin, at the option of the government, and that the money received from the Sale of bonds shall be applied to the redemption of the five-twenty bonds. The committee did not take tinal vote on the bill, but the discussion developed the fact that the committee will probably report it