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A FLOOD OF FAILURES. TWO NORTHERN BANKS DRAGGED DOWN IN THE VORTEX. One of Them at St. Albans, Vt., and the Other at Monmouth, Ill.-Both Disasters the Result of the Secret Speculation of Officers. ST. ALBANS, VT., April 8.-The First National Bank announced this morning that its doors would be closed to-day. Bank Examiner Hendee closed the institution because they did not have sufficient funds to pay drafts in Boston on Saturday. Public confidence in the bank has been declining since a run was made on it two months ago. The cause of the trouble is said to be stock speculation by President Sowles and his brother. It is believed that depositors will not lose anything. THE EFFECT ON OTHER BANKS. ST. ALBANS, VT., April 8, 11:30 P. M.The news of the suspension of the First National Bank of St. Albans to-day caused considerable excitement in Swanton, Vt., and a run is being made on the Union Bank in consequence. The officers say that the bank has enough funds on hand to pay all depositors, and also state that they are amply secured on all dealings with the suspended bank. Vila's National Bank of Plattsburg, N. Y., is also closely connected with the St. Albans bank. PROVISION DEALERS EMBARRASSED. BALTIMORE, April 8.-T. Robert Jenkins & Sons, provision dealers, went to protest last night, and their suspension was announced to-day. No assignment has been made, and there will be a meeting of creditors on Monday next. Speculation in pork is said to have caused their embarassment. A BANK ROBBED BY ITS CASHIER. CHICAGO, April 8.-A special from Monmouth, Ills., says: "The First National Bank closed its doors this morning. The cause assigned is speculation by Cashier B. T. O. Hubbard, whose deficit is estimated at from $45,000 to $100,000. The bank is expected to resume in a day or two, as the stockholders, who are all moneyed men, are liable." PREFERENCES OF $35,000. NEW YORK, April 8.-Julius H. Hogan, Otto Witte and Allen Letow, composing the firm of Hogan & Billing, bankers at No. 1 Wall street, made an assignment to-day for the benefit of their creditors, giving preferences to J. and W. Seligman of $15,000 and the Kansas City Smelting and Refining Company of $20,000. RICHMOND PORK PACKERS SUSPEND. RICHMOND, VA., April -The suspension of Lee, Potts & Co., pork packers in this city, was announced this afternoon. The liabilities are reported to be $200,000. The failure is due to speculation in pork. The bulk of the firm's indebtedness is in Chicago.