Evanston National Bank (Evanston, IL)

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BANK TROUBLES A Temporary Suspension in Evanston, Kl1-Wound Up. EVANSTON, May 18.-The Evanston National bank closed its doors this morning ut the suggestion of National Bank Examiner Geo. B. Caldwell. The reasons given for the suspension are heavy withdrawals and the stringency of,the money market. The depositors will be paid in full and the bank will reopen in three days. LONDON, May 18.-The court has granted au order for the winding up of the Commercial bank of Australialia, which suspended April 4th, will total deposits of oyer $60,000,000. BRUNSWICK, Ga., May 18.-The Trust National bank and the Oglethorpe National bank closed their doors this morning. M. Ulman, president of the latter bank, committed suicide. These banks have been looked upon as shaky for some time. LONDON, May 18.-TheSbank of England has advanced the rate discount from 31/2 to 4.

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The Evanston, III., National Bank Closes. The Evanston National Bank of Evanston, Illinois, closed its doors yesterday morning at the suggestion of National Bank Examiner George B. Caldwell. The reasons given for the suspension are heavy withdrawals and the stringency of the monev market. 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.

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Other Business Troubles

CHICAGO, May 18.-The firm of N. H. Warren & Co. closed all its deals on the Board of Trade to-day. It is estimated that 600,000 bushels of corn were sold out on the firm's account. Nathan Warren attributes the suspension to the tying up of his money in the defunct Columbia National Bank. Mr. Warren says that he expects to come out all right. He claims that there 16 enough grain on the road to pay all his margins. The firm, it is said, was nipped somewhat at the time of the Deacon White failure. CHICAGO, May 18.-The Evanston National Bank, of Evanston, Ill., closed its doors, this morning, at the suggestion of National Bank Examiner George Caldwell, who, after a day's work upon the books of the bank. met the directors last evening. The capital stock of the bank 18 $100,000. It did business with the Chemical National. The directors announced that they will resume in three days. PHILADELPHIA, May 18.-Execution upon a judgment for $39,230 was sued yesterday against Edwin J. and Charles F. Howlett, trading as J: Howlett & Sons, paper bag manufacturers. A statement from the firm cannot be obtained.

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BLEW OUT HIS BRAINS

A Bank President So Starts n Run and Neveral Failures. BRUNSWICK, Ga., May 18.-M. Ullman. president of the Oglethorpe National bank. mmitted suicide in the toilet room of the bank this morning. Besides being president of the Ogiethorpe bank. he was president of the Brunswick Brewing and Ice company and the line of river steamers. and a large stakeholder in various enterprises. President Burthage, of the First National bank, requested Ullman to repay a loan made the day before. "All right, wait a moment." said Ullman, stepping into the toilet room. In a moment Burthage heard a report. Ullman was found sitting upright with a bullet hole in the center of his forehead, The nows spread rapidly and the depositors started a run. In a few minutes the Oglethorpe National bank closed its doors, followed almost immediately by the First National bank. A slight run commenced on the Brnnswick State bank, but it met all demands. Mayor & Ullman, wholesale grocers, closed temporarily. The Brunswick brewery and the Brunewick cotton factory will also close temporarily. The Oglethorpe bank was capitalized nt $150,000 and the First National at $200,000. The officers of both banks say the claims will be paid in full. LINCOLN, May 18.-The Nebraska Savings bank is in trouble. For several days there has been a quiet run on this institution, which to-day assumed extensive proportions. The clearing house was called on for assistance, responded promptly. The officials are confident the bank will weather the storm. It has a capital of $250,000; deposits $150,000. CHICAGO, May 18.-The Evanston National bank. of Evanston, III., closed its doors to. day at the suggestion of the bank examiner. The bank has a capital stock of $100,000, and did business with the broken Chemical National, of this city. A notice on the bank door saya the depositors will be paid in full, and it is said the bank will resume next week. LONDON, May 18.-Stocks opened steady in consequence of the better feeling abroad, and closed firm. but without decided buoyancy. While there WHE an absence of gloomy rumors, a cloud of doubt seemed to overhang the situation respecting several firms which had been temporarily assisted. Operations were very cautions, under the suspicion that the recovery in the market of might only be temporary. The Bank England rate of discount has been advanced to four per cent, the highest for some time.

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ILLINOIS BANK SUSPENDS

It Was Connected with the Chemical National, of Chicago. (By telegraph to the Dispatch.) EVANSTON, ILL., May 18.-The Evanston National Bank of this city closed its doors this morning at the suggestion of National-BankExaminer George B. Caldwell. The bank formerly did business with the Chemical National Bank of Chicago, but after the failure of that institution transferred its accounts to the Me. tropolitan National Bank of Chicago. The reasons given for the suspension are heavy withdrawais and the stringency of the money market. All the men connected with the bank declare that depositors will be paid in fall, and that the bank will reopen in three days. The capital stock of the institution is $100,000.

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A BANK SUSPENDS

Heavy Withdrawals and Tight Money Cause the Trouble. Evanston, III., May 18.-The - Evanston National Bank of this city closed its doors this morning at the suggestion of National Bank Examiner George B. Caldwell. The bank formeriy did business with the Chemical National Bank of Chicago, but after the failure of that institution transferred its accounts to the Metropolitan National Bank of Chicago. The reasons given for the suspension are heavy withdrawals and the stringency of the money market. 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.

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ILLINOIS BANK FAILS The National, of Evanston, Forced to Suspend Payment. EVANSTON, Ill., May 19.-The Evanston National Bank of this city closed its doors at 10 a. m. at the suggestion of National Bank Examiner Geo. B. Caldwell. The bank formerly did business with the Chemical Bank of Chicago, but after the failure of that institution it transferred its accounts to the Metropolitan National Bank of Chicago. The reasons for the suspension are heavy withdrawals and the stringency of the money market. 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.

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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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More Banks Go Down

LINCOLN, Neb., May 0.-The Nebraska Savings bank is in trouble. For several days there has been quite a run on the institution but the worst is now thought to be over and it will weather the storm. Savannah. - Dispatches from Brunswick, Ga., state that the First National bank and Oglethorp National bank of that city, closed their doors yesterday, and that M. Ulman, president of the last named bank, committed suicide. These banks have been looked upon as shaky for some time. Chicago.-The Evanston National bank, of Evanston, Ill., has closed its doors at the suggestion of National Bank Examiner Geo. B. Caldwell who, after a days work on the books of the bank, met the directors in the bank and suggested this course. The capital stock of the bank is $100,000. It is said depositors will be paid in full.

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000 bushels of corn was reported sold out on 'change to-day for N. W. Harris & Co. The concern claims to be solvent, but its accounts are held up in such shape by the Columbian bank failure as to leave no opportunity to carry on business. SAVANNAH, GA., May 18.-Dispatchee from Brunswick, Ga., state that the First National bank and the Oglethorpe National bank of that city closed their doors this morning, and that M. Ulman, president of the latter, committed suicide. These banks have been looked upon as shaky for some time. CHICAGO, May 18.-The Evanston National bank, of Evanston, Ill., closed its doors this morning at the suggestion of National Bank Examiner George B. Caldwell, who, after a day's work upon the books of the bank, met the directors at 8 meeting in the bank last evening. The capital stock of the bank is $100,000. It did business with the broken Chemical National. The directors announce they will resume in three days. MINNEAPOLIS, May 20.-The Northwestern Guarantee Company, which has been in an embarrassed condition for some time, went into the Hands of a receiver this afternoon. the Minneapolis Trust Company being appointed the receiver. NEW YORK, May 20.-The Archer & Pancoast Manufacturing Company, manufacturers of gas fixtures, was placed in the hands of receivers today. The liabilities will, not exceed $1,000,000. Its paper sold largely in Philadelphia and was endorsed by Clement M. Biddle & Co. Its paper was also held by banks in this city. The failure is attributed to the stringent money market. The company is probably the largest of the kind in the United States. The attorneys for the company say it is only a temporary embarrassment, and that the assets largely exceed the liabilities. The trouble is the assets are not available.

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EVANSTON BANK FAILS

Payment Suspended on Advice of a Government Examiner. CHICAGO, Ill., May 18.-The Evanston National Bank, of Evanston, Ill., closed its doors this morning at the suggestion of National Bank Examiner George B. Caldwell, who after a day's work upon the books of the bank met the directors at a meeting in the bank last evening. The capital stock of the bank is $100,000. It did business with the broken Chemical National Bank. When the bank's patrons went to the building this morning they found the following upon the doors: Owing to heavy drawings and the stringency of the money market this bank suspends payment. Depositors will be paid in full. HENRY WELLS, President. The bank examiner says: "I found that the accounts were in such shape that I would have to take at least three days to get to the bottom of things and when the directors met last evening, I suggested that the bank be closed and this was done." The directors announce that they will resume in three days.

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Bank Closed Its Doors

EVANSTON, ILL., May 19.-The Evanston National bank of this city, closed its doors yesterday morning, at the suggestion of National Bank Examiner Caldwell. The bank formerly did busiwith the Chemical National bank, of Chicago, but after the failure of that institution it transferred its accounts to the Metropolitan National bank, of Chicago. The reasons given for the suspension are heavy withdrawals and the stringency of the money market. All the men connected with the bank declare that depositors will be paid in full. The capital stock of the institution is $100,000.

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BY the capsizing of a tug and dredge boat on Lake Conneaut, O., five persons were drowned. WARREN & Co, of the Chicago board of trade, have assigned. FIRE at Starbuck, Wash., destroyed the Union Pacific car and machine shops, nineteen locomotives and all other railroad property except the coal bunkers. Loss, $300,000. THE Spanish steamer bearing the Infanta Eulalie arrived at quarantine on the 18th. THE Santa Fe wants a return rate of $16.50 to the world's fair from Missouri river points. A SCHEME has been completed for the slaughter of cattle in New York on western packing house plans. THE premier of South Australia reports financial matters all right and harvest prospects excellent. THE failure of the First National bank at Cedar Falls, Ia., shows peculiar transactions. THE National bank of Evanston failed, causing great excitement in that suburb of Chicago. LAWSON RUNYON, a prominent Cherokee, was shot and killed by ex-Deputy United States Marshal Creekmoor. A BRAKEMAN and three workmen were killed by a runaway train at Dubois, Pa. BEFORE the Crescent City club at New Orleans Billy McCarthy, the Australian, knocked out La Blanche, the marine, in sixteen rounds. A FIRE at Trondhjem, Norway, resulted in the loss of a number of lives. Four persons were killed while jumping from a burning building and three women and two children were burned to death in the flames. AT Ilmenau, Saxe-Weimar, the boiler of a locomotive exploded, killing five S persons instantly and injuring a number of others so seriously that eight of them were dying. CLEARING house returns for the week ended May 18 showed an average decrease of 1.2 compared with the corresponding week of last year. In New York the decrease was 6.4. J. A. R. ELLIOTT, of Kansas City, Mo., captured the Missouri state trophy as 1 the champion wing shot in the state tournament. He killed thirty straight birds. : JUDGE RICKS, at Cleveland, O., appointed a receiver for the Clover Leafthe Toledo, Kansas City & St. Louis railway. I FROM indisputable sources it is learned that Erastus Wiman's total liabilities will aggregate about $617,000, a 5 little more or less, according to whether f certain contingent debts are counted 1 in. BLONDIN, the strong man with Cole's 1 circus, undertook to hold a powerful team of horses together at Lake Placid, S N. Y. Several blood-vessels in the man's head and chest were ruptured and he died. THERE is great excitement in Normal, Ill., over the failure of the Exchange bank of that city, and the president has 1 been arrested for receiving deposits 1 after he knew the bank was insolvent. THE plate glass trust is an assured fact. IT is said that a mistake has been f made by the interior department in referring back to the Cherokees the matter of to whom the seventy allotments b shall be made in the strip. A COMPANY is being formed to build a railway from Bowie, Tex., to the City of Mexico. IT is conceded that Collector Wenneker, of St. Louis, will be dismissed as soon as his successor can be decided on. : THE Russian cruiser Vitiaz is a total a loss on the coast of Corea. The report y states that all hands were saved. e NINE young men have been arrested s for distributing boycotting circulars against the firm of Diel & Bro., gents' s furnishings, St. Louis. di A WASHINGTON florist has offered $500 k for the first Isabella souvenir quarter. THE controversy between Benjamin Feuchts and eight other members of r the Economite society and Trustee John S. Duss has come to an end by an amicable settlement, by which the contest1 ants will withdraw from the society. MONCHICOURT, the Panama liquidator, , has commenced suit against M. Imbert, the administrator of Baron Reinach's fortune, to recover 9,000,000 francs, which it is alleged Reinach received e from the company. g ADDITIONAL DISPATCHES. Mo. e was as of WALTER honored WILLIAMS, by election of Columbia, president the National Editorial association at

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EVANSTON BANK FAILS

Payment Suspended on Advice of a Government Examiner. CHICAGO, Ill., May 18.-The Evanston National Bank, of Evanston, Ill., closed its doors this morning at the suggestion of National Bank Examiner George B. Caldwell, who after a day's work upon the books of the bank met the directors at a meeting in the bank last evening. The capital stock of the bank is $100,000. It did business with the broken Chemical National Bank. When the bank's patrons went to the building this morning they found the following upon the doors: Owing to heavy drawings and the stringency of the money market this bank suspends payment. Depositors will be paid in full. HENRY WELLS, President. The bank examiner says: "I found that the accounts were in such shape that I would have to take at least three days to get to the bottom of things and when the directors met last evening, I suggested that the bank be closed and this was done." The directors announce that they will resume in three days.

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MORE BANKS FAIL

Several Financial Institutions in Various Places Close Their Doors. MINNEPOLIS, Minn., May 18.-The Citizens' bank suspended payment yesterday. The notice on the door says that depositors will be paid in full. A dispatch from Zumbrota says the Bank of Zumbrota closed its doors yesterday. EVANSTON, Ill., May 19.-The Evanston national bank of this city closed its doors yesterday at the suggestion of National Bank Examiner George B. Caldwell. BRUNSWICK, Ga.. May 19.-The Oglethorpe national bank and the Brunswick national bank. both of this city, suspended yesterday. and M. Uliman, president of the first named bank, committed suicide.

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ECKELS ON RECENT FAILURES

Bad Muaagement and Speculation Caused the Natioal Banks to Suspend. Washington, May22.-I asked Comp. troller of the Currency Eckels to-day if the recent bank failure were attributed to the present condition of the country's finances. "I do not think so," replied Mr. Eckels. "The failures that have occurred have been brouht on by bad management and speculation out of the 3,800 national banks there have been only seven failures-two in Chicago, one at Cedar Falls, Iowa; one at Evanston, III, ; one at Indianapolis, and two in Brunswick, Ga. That is a very small percentage to cover SO wide a territory. "The Chemical of Chicago failed through bad management, while the Columbia Bank of Nashville, Tenn.. was a sort of kiting institution. The Cedar Falls bank failed because the officers attempted to run a stock farm at the expense of the bank. The Evanston bank failed because its president did not conductitproperly. The Indianapolis bank broke out of sympathy, so to speak, with the Calumbia. The two banks in Georgia were owned by the same persons, and it seems there was too much speculating going on there. There was' a "boom" at Brunswick, and the banks got into it very deeply.

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THE WEST THE National bank of Evanston failed, causing great excitement in that suburb of Chicago. THE world's fair continues to be short of funds. The running expenses are $45,000 daily. The pay of janitors and helpers has been long overdue. HUGH ADAMS, aged 85, has sued his wife, aged 62, at Martinsville, Ind., for divorce. THE government commission has been inspecting the work on the Missouri river in the vicinity of Kansas City. IT is said that ex-Secretary John W. Noble will soon take up his residence in Oklahoma having in view his elevation to the United States senate when the territory is admitted to statehood. SCHUREMAN'S private bank at Normal, III., has closed. THERE is some talk of the Chemical National Bank of Chicago resuming. FIRE at Starbuck, Wash., destroyed the Union Pacific car and machine shops, nineteen locomotives and all other railrcad property except the coal bunkers. Loss, $300,000. THE C., B. & Q. directors have been re-elected. WARREN & Co., of the Chicago board of trade, have assigned. Ex-SENATOR VAN WYCK, of Nebraska, suffered a stroke of paralysis which may result fatelly. THE Santa Fe wants a return rate of $16.50 to the world's fair from Missouri river points.

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CRASHES AT OTHER POINTS

The following is a summary of the financial disasters recorded Tuesday: Maintowor, Wis.-State Bank of Maintowoc after standing a three weeks' run. Defiance, 0.-Andrew Sauer's Savings Bank: liabilities, $100,000; assets $150 000. Boston.-Potter & Potter, magazine and newspaper publishers; liabilities $100,000. Philadelphia.-Same E. Prince. marble quarryman; liabilities $100,000; nominal as. setts $250,000. Troy. N. Y.-Neber & Carrenter. private bankers and brokers; liabilities, $235,000; actual assets, $131,000. Three Rivers. Mich.-Bank of Three Rivers, capitalization, $10,000; accounts due depositors at last statement, $60,000. Spokane, Wash.-Washington National and Washington Savings Banks; assets in excess of liabilities. Racine, Wis.-A run is in progress on the Manufacturers' National Bank. At Madison the First National is being subjected to a heavy run. Two Rivers, Wis.-The Bank of Two Rivers failed. The owner, David Becker, is not in the city. Evanston, III.Charles S. Winslow has been appointed receiver of the Evanston National Bank, Spokane. Wash.-The Comptroller has directed Bank Examiner E. T. Wilson to take charge of the Citizens' National Bank and the Washington National Bank. New Albany. Ind.-The New Albany Banking Company closed its doors owing to the fall of the Bedford Bank. Assets claim. ed, $212.000; liabilities. $100,000. Bedford, Ind.-The Belford Bank has suspended after a run. Palouse, Wash.- The First National Bank has suspended, owing to the Bank of Spokane's failure. Chicago-Joseph Rathbone & Co., lumber dealers. have assigned. Scheduled assets, $500,000. The run on the Banks has ceased. Cleveland, 0.-A run is in progress on the St. Clair street branch of the East End Savings Bank Company. No cause except fail 'rres in other cities.

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National Bank Matters

The controller of the currency today appointed Mr. John P. Hopkins of Kensington, Chicago, III., receiver of the Chemical National Bank of Chicago, III. The controller has been advised that the First National Bank of Cheyenne, Wyo., has closed its doors to business, The controller of the currency has authorized the First National Bank of San Bernardino, Cal., and the First National Bank of Santa Ana, Cal., to reopen their doors for business, These banks have complied with the requirements imposed by the controller and are reported by the bank examiner to be in satisfactory condition with unimpaired capital. The controller of the currency has ordered a dividend of 30 per cent in favor of the creditors of the Evanston National Bank of Evanston, III. The checks for the payment of the dividend will be distributed on or about August 1 by the examiner at the bank of Evanston. The controller of the currency has been advised that the Farmers' National Bank of Henrietta, Tex., has closed its doors to business.

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Bank Officers Indicted

CHICAGO, March 12.-Four of the officers of the Evanston National Bank were indicted for the alleged embezzlement of funds of the institution by the grand jury of the United States District Court this afternoon. The aggregate of the reputed shortage is placed by Receiver William C. Wood at $44,500. The indicted officers are President Henry Wells, charged with the embezzlement of $30,000; Vice President N. E. Hill, charged with the embezzlement of $7,500; Cashier Jehn C. Austin, charged with the embezzlement of $3,500; director E. T. Paul, charged with the embezzlement of $3,500.

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Embezzlement Charged

Chicago, March 14.-Four of the officers of the Evanston National bank were indicted to-day for the alleged embezzlement of funds of that institution by the grand jury of the United States district court. The aggregate of the reputed shortage is placed by Receiver Wood at $44,000. The indicted officers are President Henry Wells, Vice President N. E. Hill, Cashier J. C. Austin and Director E. T. Paul.

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Four Bank Officials Indicted

CHICAGO, March 13.-Four of the officers of the Evanston National bank have been indicted for the alleged embezzlement of funds of the institution by the grand jury of the United States district court. The aggregate of the reputed shortage is placed by Receiver William C. Wood at $44,500. The indicted officers are: President Henry Wells, charged with the embezzlement of $30,000; Vice President N. E. Hill, charged with the embezzlement of $7,500; Cashier John C. Austin, charged with the embezzlement of $3,500; Director, E. T. Paul, charged with the embezzlement of $3,500.

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Embezzleme

nt Charged. Chicago, March 14.-Four of the officers of the Evanston National bank were indicted to-day for the alleged embezzlement of funds of that institution by the grand jury of the United States district court. The aggregate of the reputed shortage is placed by Receiver Wood at $44,000. The indicted officers are President Henry Wells. Vice President N. E. Hill, Cashier J. C. Austin and Director E. T. Paul.