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The New Hampshire Panic. MANCHESTER, N. H., July 25.-The National Bank of the Commonwealth suspended payment this morning. This action was determined on at a meeting of the directors last night, and the national comptroller was notified. Its assets and liabilities are about $625,000; deposits, $310,529: capital stock. $200,000. The suspensions of the New Hampshire Trust company and Bank of New England precipitated the Commonwealth's suspension.
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Dearborn-street bankers, have closed their institution without even posting a notice. Their whereabouts seem to be known only to themselves. The deposits are said to aggregate between $20,000 and $30,000. The firm started banking after a successful land speculation at Tolleston, Ind. MANCHESTER, N. H., July 24.-The National Bank of the Commonwealth will suspend payment to-morrow morning. This action was determined on at a meeting of the directors to-night, and the National Comptroller was notified. ORLANDO, FLA., July 24.-The First National Bank of this city closed its doors this morning. The withdrawal of deposits, which, it is said, have been heavy, is given as the cause. The general opinion among the bank's officers is that the depositors will not lose a cent. GREAT FALLS, MONT., July 24.-The Merchants' National Bank closed its doors at noon to-day. A notice signed by the directors was posted, and it stated that all the depositors will be paid in full. The bank held $21,000 city funds and $32,000 of the county, and $20,000 of State funds. There is no uneasiness about the other banks here.
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Manchester Bank Suspended. MANCHESTER, N. H. July 25.-The Na tional Bank of the Commonwealth suspended payment this morning This ac tion was determined on at a meeting of the directors last night and the national comptroller was notifled.
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A Receiver in Charge. MANCHESTER, N. H., July 27.-C. M. Dorr, a national bank examiner, has taken charge of the suspended National Bank of the Commonwealth. All the banks are confident the worst is over, locally.
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Other Bank Failures. MILWAUREE. July 26.-Specials to the Wisconsin report two small bank failures in the interior of the State. viz., the German Exchange Bank at Portage and John Lienlokken. a private banker at Lacrosse. The Portage bank is capitalized at $25,000. No statement of assets or liabilities is given. Lienlokken's liabilities are placed at $10.000. WASHINGTON, July 26.-The First National Bank of Grundy Centre. Iowa, has informed Comptroller Eckels that it expects to resume business Aug. 1 under a new management. The Farmers' National Bank of Henrietta. Tex.. and the Farmers' National Bank of Findlay. Ohio. which failed yesterday. expect to resume in a short time-the latter on Monday next. MANCHESTER. N. H., July 26.-C. M. Dorr of Somersworth. a national bank examiner. today took charge of the suspended National Bank of the Commonwealth. There is no change in the financial situation here. All banks are confident that the worst is over. locally. BRISTOL. Tenn.. July 26.-The Bristol Bank and Trust Company yesterday decided to go into voluntary liquidation. They have $80,000 assets. and owe depositors only $15,000. Unprofitable business is the cause.
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THE EAST. BRIGGS' book, written in de- his PROF. of himself, is out. He assembly pays fense to the Presbyterian in terse which respects convicted him of heresy terms. suit against Russell Sage for IN the damages for alléged seduction, sent $100,000 charged that the millionaire to his it is victim to a notorious abortionist be operated upon. the collapse of a building on which L.I., BY were working at Hicksville, into the they carpenters were thrown seven cellar and severely injured. THE Revnoldsville, Pa., woolen mills, Sykes, Allis & Moorhouse, proprietors, The loss is destroyed by fire. were at $100,000; insurance, $20,000. placed GENERAL shutdown of the textile of A of New England on account mills the financial stringency is in progress. TALMAGE thinks everything has REV. be prosperous after congress "bread will met and given the country a pill." DISASTROUS fire at Long Island build- City A two blocks of business destroyed ings and caused a loss of $800,000. of a gang of Hebrew robbers THREE captured by the New York police. of were would entice members and The their gang race to their room and beat rob them. passengers on the Gnion line reTHE Arizona, from New York, narrow steamer that that vessel had H very steamer port from a Red Star line lattersteamer during escape crossed a the thick Arizona's fog, The bows not fifty yards distant. pumps of the Great Maid Leadville, and Henrietta THE combination at Col., are to be taken up. on THE flurry at Denver, Col. ended the 20th. PORTER, of Cincinnati, with- announces PROF. that the comet has been in 38,000,000 miles of the earth. raided the town of Sheffield, with the TRAMPS and a desperate battle morcitizens Ind., ensued. Two men were wounded and one killed. tally KOSTER & BIAL'S famous music hall six New York will be closed of in the weeks,and in will reopen in one finest theaters.in New York. personswire killed by the exFOUR of a can of naphtha at street, Camp plosion bell's factory, 211 Walworth Brooklyn. National Bank of the CommonN. H. wealth THE has suspended at Manchester, COLUMBUS of Buffalo, N. said Y., to ALEXIS white haired man, who descendent is tall years old and lineal arrived in be 104 Christopher Columbus, living in of to visit his daughters fair. Chicago that city and view the world's THREE men were drowned by Boston. a squall upsetting their 'yacht near were out fishing. They & LAUOULTY'S steel plant Amal- at Pittsburgh, JONES Pa., has signed the gamated scale. COLUMBUS of to be ALEXIS white haired man, who is,said of tall old and a lineal descendent arrived in Christopher 104 years Columbus, Chicago to visit his daughters living fair. in that city and view the world's THREE men were drowned by a Boston. squall upsetting their vacht near They A CORNER were out in September fishing. lard was reported at contraband Chicago no Chinamen came by SIXTY being left to starve to death near of the steamship Haytien at Portland, Ore. the vessel Republic the ers libeling abandoned and The the ay own- time could not see for some men. thorities they should feed the yellow farmer why JAMESON, a wealthy of WILLIAM Janesville, plass He was near cocaine, supposed to be wine. diedin seized_with convulsions and 595 few A CASE of in genuine Nelson county, léprosy S. has D. been old, The discovered is O. H. Nelson, 29 years victim who came-from ASC Norway three years ago. of Will H. Morton, the well hus. theatrical manager Post, were known band FRIENDS of Unity mind greatly and had sur- be been that his he has prised to so seriously affected that come been placed in Bloomingdale asylunt. for murder d against Col. F. 6. returne INDICTMENTS have Ainsworth tragedy been and others for the Ford theater at Washington June 9 last THE new postmaster of New Yori of not take kindly to interterence COL does the post office department with the duct of his office.
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LATER. THE Forest and Dean mines near Highland Falls, N. Y., which had been in operation continuously for a hundred years, closed down for an indefinite period. SEVENTY guards in camp at Seagirt, N. J., were poisoned by drinking from cups washed in oxalic acid. A PIRATICAL outbreak occurred among the Achinez passengers on board the Dutch steamer Rajah Kongsee, trading on the eastern coast of Achon, and the Achinez killed the English captain, mate and twenty-two of the Asiatic sailors. DURING a gale at Buzzard's Bay, Mass., a yacht was capsized and six persons were drowned. THE Plainview (Neb.) State bank was robbed of $3,000 in cash, and in consequence the bank did not open its doors. THE extensive manufacturing firm of Bradley & Co. at Syracuse, N. Y., went into a receiver's hands with liabilities of $350,000. A SEVERE cyclone passed over the little town of Cale, I. T., destroying houses, barns, and everything in its path. FROM twenty to thirty Chinamen are said to enter the United States nightly via the Mexican border. A BLAZE in the Ohio Transfer & Storage company building at Columbus, O., destroyed the plant. Loss, $300,000. THREE boys and a man were killed by the explosion of a powder house near Huntington, Ind. BANK failures were reported as follows: The First national at Orlando, Fla., Tacoma national at Tacoma, Wash., City national at Louisville, Ky., Citizens at Connersville, Ind., Taylor county at Medford, Wis., and the National bank of the commonwealth and Bank of New England at Manchester, N. H. THE two hundredth anniversary of the birth of the city of Detroit, Mich., was celebrated. GAUDAUR defeated Hanlan in the boat race at Toronto, Ont., for the world's championship. DIRECTOR GENERAL DAVIS, President Higinbotham, Commissioner St. Clair, Commissioner Massey and Director C. H. Schwab were served with a notice to appear in court before Judge Stein in Chicago to show cause why they should not be attached for contempt of court in not opening the gates of the exposition on Sunday in violation of the injunction against closing issued in the Clingman case.
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CASHIER DISAPPEARS. Charles F. Morrill Missing Since Wednesday. THREE BANKS INVOLVED. What Their Officers Have to Say About Their Financial Condition. MANCHESTER, N. H., July 29.-The excitement This city over the absence of Charles F. Morrill, the missing cashier of the National Bank of the Commonwealth, has in no wise abated, and Mr. Morrill's whereabouts are shrouded in the deepest gloom. A meeting of the directors of the Derryfield Savings bank, of which institution Mr. Morrill was the treasurer, was held yesterday afternoon, and it was voted to apply to the court for the appointment of a receiver to wind up the affairs of the bank. The directors expressed a preference for the appointment of David A. Taggart. The feeling at the meeting was that the entire capital stock of $100,000 had been Wiped Out by Worthless Paper. Stephen N. Bourne, agent of the Stark mills, who succeeded James C. Moore as president of the Derryfield Savings bank, said: "I never was so dumfounded in my life as I was to see the transactions of the president and eashier. I am, like any other officer of the bank, in ignorance of what the findings of the examination will be, but I cannot see how the officers of any institution similar to the Commonweálth bank and the Derryfield Savings bank can borrow money of themselves without consulting a single director and be acting squarely. In such a case it might be called hypothecating, and it might not." Being asked if he could give any figures that would tend to show the amount involved, Mr. Bourne explained that a great deal of paper, of pet schemes in which the president and the treasurer were interested, had been indorsed by these officials. He replied that he should think that perhaps $50,000 of such worthless paper was in existence, and that that might be the amount involved. Still he would not state that those were the exact figures, but they were closely approximate. "The resignation of both Messrs. Moore and Morrill were requested by a committee that waited upon them, and were not voluntary might have been inferred. There Is Something Wrong when any officers having the care of other people's money help themselves to it without at least consulting the directors, said Mr. Bourne." A call at the office of the People's Fire Insurance company, of which Mr. Morrill was treasurer. found his successor, George W. Weeks, talkative. In reply to a question. he said: "I do not know anything about the shape in which the securities of the company are. They are all in the safety vaults of the National Bank of the Commonwealth, and we cannot get at them until the bank examiner gets ready to let us." "How much have you got in there, Mr. Weeks?" "O, perhaps $500,000 in securities and $200,000 or $300,000 in mortgages on real estate here in Manchester." "How long ago were these securities examined?" "They were examined by Mr. Morrill for the company last January. They have not been examined since to my knowledge." "Of course you understand," said Mr. Weeks, "that I am not elected permanent treasurer. I am simply temporary treasurer. We shall hold another meeting today, and there may be something done relative to this matter at that time." Enjoined From Doing Business. CONCORD, N. H., July 29.-The Derryfield Savings bank and Trust company of Manchester, which has been under temporary suspension since the closing of the National Bank of the Commonwealth, with which it was connected, was enjoined last night from transacting any further business by Bank Commissioner Lyford.
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THE EAST. PROF. BRIGGS' book. written in defense of himself. is out. He pays his respects to the Presbyterian assembly which convicted him of heresy in terse terms. IN the suit against Russell Sage for $100,000 damages for alleged seduction, it is charged that the millionaire sent his victim to a notorious abortionist to be operated upon. THE Reynoldsyille, Pa., woolen mills, Sykes, Allis & Moorhouse, proprietors, were destroyed by fire. The loss is placed at $100,000; insurance, $20,000. A GENERAL shutdown of the textile mills of New England on account of the financial stringency is in progress. REV. TALMAGE thinks everything will be prosperous after congress has met and given the country a "bread pill." A DISASTROUS fire at Long Island City destroyed two blocks of business buildings and caused a loss of $800,000. THREE of a gang of Hebrew robbers were captured by the New York police. The gang would entice members of their race to their room and beat and rob them. THE passengers on the Guion line steamer Arizona, from New York, report that that vessel had a very narrow escape from a Red Star line steamer during a thick fog. The latter steamer crossed the Arizona's bows not fifty yards distant. THE National Bank of the Commonwealth has suspended at Manchester, N. H. ALEXIS COLUMBUS of Buffalo. N. Y., a tall white haired man. who is said to be 104 years old and a lineal descendent of Christopher Columbus. arrived in Chicago to visit his daughters living in that city and view the world's fair. THREE men were drowned by a squall upsetting their yacht near Boston. They were out fishing. JONES & LAUGHLIN'S steel plant at Pittsburgh, Pa., has signed the Amalgamated scale. ALEXIS COLUMBUS of Buffalo, N. Y., a tall white haired man, who is said to be 104 years old and a lineal descendent of Christopher Columbus, arrived in Chicago to visit his daughters living in that city and view the world's fair. THREE men were drowned by a squall upsetting their yacht near Boston. They were out fishing. SIXTY contraband Chinamen came near being left to starve to death by the libeling of the steamship Haytien Republic at Portland. Ore. The owners abandoned the vessel and the authorities could not see for some time why they should feed the yellow men. WILLIAM JAMESON, a wealthy farmer near Janesville, Wis., took a glass of cocaine, supposed to be wine. He was seized with convulsions and died in a few minutes. A CASE of genuine leprosy has been discovered in Nelson county, S. D. The victim is O. H. Nelson, 29 years old. who came from Norway three years ago. FRIENDS of Will H. Morton, the well known theatrical manager and husband of Lilly Post, were greatly surprised to learn that his mind had become so seriously affected that he 'has been placed in Bloomingdale asylum. INDICTMENTS for murder have been returned against Col. F. C. Ainsworth and others for the Ford theater tragedy at Washington June 9 last. ARBUCKLE'S coffee mills at Brooklyn have closed down because of the depression of trade. A MAIL clerk named Miller was killed by the wreck of a train en route from Boston to New York. IT is said that T. V. Powderly will retire as general master workman of the K. of L.
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Closed Up. CONCORD, N. H., July 29.-The Derryfield Savings Bank and Trust company of Manchester, which has been under temporary suspension since the closing of the National Bank of the Commonwealth, with which it was connected, was enjoined last night from transacting any further business by Bank Commissioner Lyford.
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FOLLOWS THE COMMONWEALTH. Derry field Savings Bank and Trast Company Temporarily Suspended. CONCORD, N. H., July 28.-The Derryfield Savings Bank and Trust company of Manchester, which has been under temporary suspension since the closing of the National Bank of the Commonwealth, with which it was connected, was enjoined tonight from transacting any further business by Bank Commissioner Lyford. The savings bank this time has upward of $150,000 in deposits and a small interest account, having just declared a dividend of 4 per cent. Its capital stock is $100,000 and nominal assets $254,000. Loans to some of its officers are secured by collateral, which is looked upon as doubtful, and the name of its treasurer, "Morrill," is on paper in large excess of the limit allowed by law. The directors of the bank charge the president and treasurer of the bank with using itf funds to promote their personal interests and their resignations, tendered last Wednesday, were promptly accepted. The alleged crooked work of the treasurer is thought to be confined to the national bank. Bank Commissioner Lyford, who returned to this city late this evening, declined to be interviewed. He did admit there will be a large loes to the stockholders of the Derryfleld Savings Bank and Trust company, although expressing the belief that there will be noloss to the depositors. He further said that these two banks had no connection with any of the savings banks of Manchester; that they had been regarded with disfavor by other national and savinga banks and consequently they would not be effected by their failures. It is stated that the name of the president of the two banks is on a good deal of paper of those institutions, and that the poor investments are in concerns in which be is interested. The People's Fire Insurance company of Manchester, of which Hon. J. C. Moore is president, and Charles F. Morrill treasurer, is being investigated by Insurance Commissioner Linehan.
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Bank Receivers Appointed. D. C. Taylor has been appointed receiver of the First National Bank of Kankakee, Ill., and Gilbert C. Shattuck receiver of the National Bank of the Commonwealth of Manchester, N. H.
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Bank Receivers Appointed. D. C. Taylor has been appointed receiver of the First National Bank of Kankakee, III., and Gilbert C. Shattuck receiver of the National Bank of the Commonwealth of Manchester, N. H.
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Receiver Heard Hard at Work. Affairs at the National bank of the commonwealth of Manchester, N. H., are being stirred up in a vigorous manner by Receiver William A. Heard. Mr. Heard states his be lief that there will be no dividend declared Nov. 1 nor Dec. 1, but adds that this is a mat. ter entirely in the hands of the controller of the currency at Washington.
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THE END OF IT. Inso Ivency Proceedings Against Dr. Moore Are Dropped. LACONIA, N. H., Nov. 28.-The adjourned bearing in the insolvency proceedings against Dr. J. C. Moore, ex-president of the Commonwealth National bank and the People's Fire Insurance company of Manchester, was held yesterday afternoon before Judge Rollins. Attorney E. M. Topliff, representing Receiver Bartlett of the People's Fire Insurance company, and D. A. Taggart for the Derryfield Savings bank, withdrew their motion S that their names be joined to the petition of Receiver Heard of the Commonwealth bank that Dr. Moore be declared insolvent, and the proceedings are thus practically ended. Judge Rollins ruled that the usual probate notice of the motion and its withdrawal be given, and the matter will not be pushed further.
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DR. MOORE'S CASE Taken Out of Court by the Action of the Derryfield Bank. LACONIA, N. H., Nov. 28-The adjourned hearing in the insolvency proceedings against Dr. J.C. Moore, ex-president of the Commonweilth National bank and the People's Fire Insurance company of Manchester, was held yesterday afternoon before Judge Rollius. Attorney E. M. Topliff, representing Receiver Hartlest of the People's Fire Insurance company. and D. A. Tageart for the Derryfiel 1 Savings bank, withdrew their motio IS that their names be joined to the petition of Receiver Heard of the Commonweith bank that Dr. Moore be declared insolvent. and the proceedings are thus practically ended. Judge Rollios ruled that the usual probate notice of the motion and its with drawal be given, and the matter will not be pushed further.
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DOMESTIC. Boston's fire losses last year amounted to nearly $5,000,000. Summer guests paid residents of the State of Maine $10,000,000 last year. Judge Rick of Cleveland, o., has decided that the Edison patent on incandescent electric lights has expired and that any one is at liberty to make them. The Mitchell-Corbett prize fight, at Jacksonville, Fla., on Thursday of last week, resulted in an easy victory for Corbett. Only three rounds were ought. Small pox is still raging in New ork and the health authoriies are alarmed at the outbreak of the contagion, which is not confined to any one quarter of the metropolis. Secret service officers had a terrible encounter with counterfeiters at Whitesburg, Ky., Saturday. in which two were killed outright and all the others mortally wounded. James B. Campbell, governor of Ohio in 1892 and residing in New York since, is in financial straits, being unable to satisfy judgment in a' case pending against him for some time. Judge Colt has appointed Messrs. Platt and Perry permanent receivers for the New York and New England company for the district of Massachusetts and ordered them to furnish $100,000 bonds. Albert Bennett, manager of a stock exchange in Boston, claims to have been held up in his office Monday by three young men, who relieved him of his pocketbook containing $2300 and made good their escape. The comptroller of the currency has declared the second dividend of 10 per cent to the creditors of the national bank of the commonwealth, Manchester, N. H., making in all 35 per cent on claims amounting to $248,472. Several persons perished in Oklahoma during the blizzard which prevailed there and in neighboring States last week. A family of three were frozen to death in Cheyenne county, and a woman and two children were frozen in Pawnee county. A fire Sunday destroyed a large number of the best buildings in the business portion of Bath, Me. The Sagadahock House, two national banks, a savings bank and about a dozen stores are in ruins. The loss will probably be over $500,000. The Daily News says that 1000 Chicago saloons have gone out of business during the past three months, owing to the financial depression. As a result many barkeepers are dispensing "soft drinks" from soda water fountains, while many others are out of employment. The building on the Boone county, Ia., poor farm used as an insane asylum burned down the other night, and eight of the nine inmates lost their lives. The fire broke out about 10, and when discovered was under such headway that nothing could be done to save the unfortunates. It required two attempts to execute G. H. Painter. a murderer, at Chicago, Friday, the rope breaking on the first truel the man fall to the
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Good News For Creditors. MANCHESTER, N. H., Feb. 27. - The comptroller of the currency has ordered Receiver Heard to pay a third dividend of 20 per cent to the depositors of the Commonwealth National bank. This will make 65 per cent in the past six months.
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Squaring Up. MANCHESTER, N. H., Feb. 27. - The comptroller of the currency has ordered Receiver Heard to pay a third dividend of 20 per cent to the depositors of the Commonwealth National bank. This will make 65 per cent in the past six months.
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ber of the state senate from the sixth senatorial district. His chief work during his term of office was his part in securing the passage of the measure which created the present state board of health. In 1884 Dartmouth College at its June commencement conferred on him the degree A. M. In the summer of 1885, the New Hampshire Legislature entirely recast the Insurance laws of the state, and after a prolonged struggle enacted the "valued policy law." To meet the condition of affairs thus presented, New Hampshire capitalists speedily undertook the formation of local insurance companies, and Dr. Moore, seeing in this an opportunity for the exercise of his financial ability which had so long lain dormant, an for the profitable inve-tment of the millions of money which be and the New Hampshire Club represented, secured n charter for the People's Fire Insurance Company. which met so diastrous au end in the summer of 1893. To the presidency of this company, Dr Moore secured his own election. and Charles F. Morrill became treasurer. This, it is believed. was Moore's first business connection with Morrill, and the partnership then struck was destined to be one of the most remarkable in New Hampshire's financial history, involving, before it was ended, the wrecking o three great financial institutions and carrying to the people of Manchester a direct money loss of more than $1,000,000. Accordingl . in 1889, the Legislature was induced to grant a charter for the Merrimack Mortgage & Debenture Company, and the charter as it was originally granted by the Legislature was vetoed by Gov. Goodell. It was a'terward amended, however, and received the executive approval. Under this charter business was begun and continued for nearly three years. when the name of the corporation was changed to Derryfield Savings Bank and Charles F. Morrill was chosen treasurer. The Merrimack Mortgage & Debenture Company was always a little off color. and it now appea's that it was during the short life of that institution that Dr. Moore first resorted to questionable means for securing the funds he so much needed. The panic of 1893 was little felt in New Hampshire outside of the Queen City of Manchester, and the actual crash which occurred among the banking institutions of that city was preceded by weeks of undefloned rumor in which the affairs of the Derryfield Savings Bank and the National Bank of the Commionwealth were prominent. The legal aspect of the case next called for consideration, and Bank Examiner Dorr of New Hampshire called upon the comptroller for assistance in untangling the Common. wealth's affairs. Bank Examiner Gatehell of Massachusetts was accordingly dispatched to Manehester. and the two examiners, together with Dist.-Atty Remich, took poses. sion of the Commonwealth's books, and made an exhaustive examination. which re. sulted, in January, 1894. in the indictment of both Mo re and Morrill for abstraction, embezzlement and misuse of money. the substitution of funds and credits. and the general manipulation of the bank's assets In the meantime, the trustees of the Derryfield Savings Bank. after several stormy meetings, turned over their affairs into the hands of a receiver. and the People's Fire Insurance Company suffered a like fate. Both of these tran-fers were preceded and accompanied by an expert examination of he accounts.
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Suit Indefinitely Postponed. MANCHESTER, N. H., Feb 3- The suit of Arthur D. Heard. receiver of the defunct National bank of the Commonwealth,against the bondsmen of the former president, Dr Joseph C. Moore, to recover the amount of their bonds, has been postponedindefinitely