National Bank of Commerce (Provo, UT)

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National Bank of Commerce, Provo, Temporarily Closes its Doors. Special to the NEWS by Descret Telegraph. PROVO, U. T., July -The National Bank of Commerce of this city closed its doors at 10:15 this morning and posted the following notice: "Closed for ten days. Depositors need not be alarmed, all will get their money with. out fail." Cashier H. 8. Martin made the statement that funds were due the bank from other banks, and that $2000 would be in on the 4 o'clock train from the south. The closing of the First National yesterday took the National Bank of Commerce by surprise, and they were not prepared for the run which followed during the day and which was resumed this morning. It became absolutely neces. sary to close the doors. The balance of the deposits in the bank are largely by directors. The cashier 18 confident that the bank will not need to remain closed for ten days, but that business can be resumed on Monday. The following statement of the bank at the time of the closing shows it to be in good condition:

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PROVO PROVO, UTAH, . JULY 1. 1893. The Banks. The closing of the First National bank yesterday caused some little commotion, but depositors were re+ assured by the statement of bank officials that payment in full would be made and that probably business would be resumed. There was a slight run on the National Bank of Commerce, but the bank was prepared for the emergency; they have plenty of cash. Faith in the Provo Commetcial & Savings bank Was not shakes. A number of deposits were made during the day, one for $1930.

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Another Provo Bank Gone, PROVO, Utah, July 1. The National Bank of Commerce closed its doors, owing to a run caused by the failure of the First National yesterday, Assets, $80,000; capital, 850,000. other liabili ties, 825,000.

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FOR TEN DAYS

The Bank of Commerce at Provo Closes Its Doors. PROVO, July 1.-A run on the National Bank of Commerce resulted in the closing up of that bank this morning. The notice posted on the front door read as follows: "Closed for ten days. Depositors need not be alarmed. All will get their money without fail." Mr. Martin has been making an effort to secure funds in Salt Lake, but failed, on account of the sudden stringency which has visited us. A good sum is expected from the east, upon the arrival of which the bank expects to resume business. Below is their statement:

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WESTERN BANKS CLOSE THEIR DOORS

Webb City, Mo., July 2.-The Exchange Bank of this city, Incorporate. capital $30,000. closed its doors yesterday and assigned to 11. D. Newman, of Joslin, for the benefit of creditors. The deposits are $60,000: liabilities not yet ascertained. Ouray, Col., July 2.-The First National Bank of this place closed its doors yesterday. Deposits amount to about $50,000. and loans and discounts about $120,000. No definite statement has been made. There was a slight run on the Miners and Mechanics' but 11 was promptly met and the indications are there will be no more trouble. Salt Lake City, Utah. July 2.-The National Bank of Commerce, at Provo, closed Its doors yesterday morning, owing to a run caused by the failure of the First National Bank. The bank's assets are $90,000, capital $50,000. other liabilities 825,000. Salida, Col., July 2.-The Chaffee County Bank, of which William E. Robertson is cashier, made an assignment last evening to 8. J. Foster of this city. Mr. Foster states that the liabilities are between $80.eco and $90,000. being near the latter figure. The deposits are $73,600, including $21,000 in certificates of deposits. He is unable to give the assets. There was a run on the first National Bank from the first moment it opened yesterday morning. At 11 :20 o'clock Director Holtenback addressed the crowd and told them there would be $100,000 on hand Monday morning, and all demands would be met promptly. They closed their doors at 11 :30 until Monday morning.

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OWING TO A RUN

Salt Lake, Utah, July 3.-The National Bank of Commerce at Provos closed its doors this morning owing to a run caused by the failure of the First National bank.' Assets, $80,000; capital, $50,000; other listilities, $25,000.

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OWING TO A RUN

Salt Lake, Utah. July 3.-The National Bank of Commerce at Provos closed its doors this morning owing to it run caused by the failure of the First National bank. Assets. $80,000: capital, $50,000; other liabilities, $25,000.

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THE WORLD AT LARGE

Summary of the Daily News WASHINGTON NOTES. POSTMASTER-GENERAL BISSELL has decided to do away with the different sizes of postal cards and to have them of uniform size in future. SECRETARY HERBERT has accepted the resignation, because of ill health, of Com. Wilson, as chief constructor of the navy, and appointed Constructor Philip Hichborn to succeed him. THE comptroller of the currency has issued a call for a report on the condition of national banks at the close of business July 12. This, the comptroller says, is one of the regular five annual calls. IT is practically certain that the president will be allowed to dictate who shall be chairman of the ways and means commfittee and that it will not be Springer. PRELIMINARY work to the opening of the Cherokee strip is well under way. THE gold reserve in the treasury has increased $206,000 and now stands at $98,093,141. But on the other hand the currency has decreased from $27,353,881 to $26,904,780 in the same time. THE chief of the bureau of statistics reports that the total value of the exports of beef and hog products from the United States during the month of June, 1893, was $10,098,837. POSTMASTER-GENERAL BISSELL has decided to abandon three sizes of the postal cards now in use. REPRESENTATIVE FITHIAN will introduce his free ship bill again at the next session of congress. TWENTY-FIVE hundred pensioners have already been suspended since Hoke Smith's famous order went into effect. SECRETARY HERBERT has authorized the preliminary acceptance of the cruiser Detroit. COMPTROLLER OF THE CURRENCY ECKELS has authorized the First national bank of Los Angeles, Cal., the National Bank of Commerce, of Provo, U.T., and the Second national bank, of Ashland, Ky., to resume business. All these banks have resumed with plenty of money, none of which was borrowed, but obtained by the collection of amounts due on notes or supplied by the directors. SPECIAL INSPECTOR SWINFORD declares that the Cherokee strip will be opened to settlement not later than September 10. SENATOR TELLER, of Colorado, declares that it is the veriest rot to ascribe the present financial stringency to the workings of the Sherman law. THERE is a fund of $13,000,000, amassed by sales of cotton seized during the late war, lying idle at Washington. AN order has been issued by the war department increasing the number of honor graduates from the Leavenworth military school from three to five.

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THE WORLD AT LARGE

Summary of the Daily News. WASHINGTON NOTES. THE gold reserve in the treasury has increased $206,000 and now stands at $98,093,141. But on the other hand the currency has decreased from $27,358,881 to $26,904,780 in the same time. THE chief of the bureau of statistics reports that the total value of the exports of beef and hog products from the United States during the month of June, 1893, was $10,098,837. POSTMASTER-GENERAL BISSELL has decided to abandon three sizes of the postal cards now in use. REPRESENTATIVE FITHIAN will introduce his free ship bill again at the next session of congress. TWENTY-FIVE hundred pensioners have already been suspended since Hoke Smith's famous order went into effect. SECRETARY HERBERT has authorized the preliminary acceptance of the cruiser Detroit. COMPTROLLER OF THE CURRENCY ECKELS has authorized the First national bank of Los Angeles, Cal., the National Bank of Commerce, of Provo. U.T., and the Second national bank. of Ashland, Ky., to resume business. All these banks have resumed with plenty of money, none of which was borrowed, but obtained by the collection of amounts due on notes or supplied by the directors. SPECIAL INSPECTOR SWINFORD declares that the Cherokee strip will be opened to settlement not later than September 10. SENATOR TELLER, of Colorado, declares that it is the veriest rot to ascribe the present financial stringency to the workings of the Sherman law. THERE is a fund of $13,000,000, amassed by sales of cotton seized during the late war, lying idle at Washington. AN order has been issued by the war department increasing the number of honor graduates from the Leavenworth military school from three to five. THE decision of the government that persons who were on the Cherokee strip since March 2. 1889, have forfeited all claims to right of settlement will stir up much trouble.

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

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

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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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BANKS HAVE RESUMED

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

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BANKS HAVE RESUMED

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

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BANKS WHICH HAVE RESUMED

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

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NATIONAL BANKS RESUME

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

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NATIONAL BANKS RESUME

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