Clearfield County Bank (Clearfield, PA)

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MARKETS

WHEAT. SAN FRANCISCO, Dec. 16.--Buyer season, $1.40%; buyer '00, $1.30. CHICAGO, Dec. 16. -Wheat is easy. Cash, 92|@4; January, 921; May, 931@1. FINANCIAL. A BANK CLOSES. CLEARFIELD, Pa., Dec. 16.-The Clearfield county bank closed its doors this morning. The owner of the bank isex-United States Senator Wm. A. Wallace. Liabilities, $350,000; assets. $650,000. CLEWS ON FINANCE. NEW YORK, Dec. 16.-Henry Clews has addressed an open letter to the secretary of the treasury, in which he says: "Congress should amend the present silver law by inserting a clause giving the secretary of the treasury authority to change at bis discretion the periods for purchase of silver. Congress should also pass Sherman's bill, which provides for national bank bills to be issued up to par value of United States bonds. This will increase that class of money $15,000,000." IN DAKOTA. HURON, S. D.,-The Hume National bank suspended this morning.

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EX-SENATOR WALLAGE FAILS

The Pennsylvania Statesman's Clearfield Bank Closes. CLEARFIELD, PA., Dec. 16.-The Clearfield County Bank closed its doors this morning. The depositors are made safe by a mortgage on real estate for three times the amount of deposits. The owner of the bank is ex-United States Senator William A. Wallace. He has appointed J. S. N. McCarroll, of Harrisburg, W. F. Wallace and A. O. Smith. of Clearfield, assignees. Liabilities, $350,000; assets $650,000. The reason given by Mr. Wallace for the assignment IS the excessive tightness in the money market and inability to obtain money to meet his obligations. The Clearfield County Bank was a private concern, Mr. Wallace being the President and John W. Adams cashier. The bank was several years ago a State institution but had been directed to wind up the business and did nothing but a collecting and exchange business. The depositors haye been secured by a judgment bond and mortgage on valuable coal mands in this county to Thomas H. Murray, Aebury W. Lee, W. W. Betts and John M. Troxell, as trustees. A certified list of the depositors was made out last night and the sums aggregated $495,000. The security is double the indebtedness. The assets of this concern go into the personal assigned estate of Mr. Wallage. Judgments were entered this morning in favor of Fletcher Cowan for $64,000 to secure himself and certain other endorsers of Mr. Wallace to Thomas Wallace for $433,000 for a like purpose, and to Harry F. Wallace for $20,000 in trust for Mrs. Wallace, to segurothe part of her separato estate entrusted to her husband. The entire indebtedness of Sénator WalInce is put down at near $400,000 and his assets nt $600,000. The two other banks of this city, the County National and First National, hayend fear of a run being made on them, but geverthelees have fortified themselves with cash from eastern banks. David L. Krebs, President Judge of Clearfield county, and son-in-law of exCenator Wallace, has also made an assignment. He is indepted to various parties for horrowed money to flie et tent of about $14,000. Mr. Wallace had endorsed his notes and when the latter an assignment, Judge Kreb3 was forced to do likewise.

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CLEARFIELD'S BANK CLOSED

The Depositors Secured by Mortgages on Real Estate. CLEARFIELD, PA., Dec. 16.-The Clearfield County Bank closed its doors this morning. The depositors are made safe by a mortgage on real estate for three times the amount of their deposits, The owner of the bank, ex-United States Senator William A, Wallace, has appointed J.S.N. Carroll of Harrisburg and W. E. Wallace and O. A. Smith of Clearfield assignees. The liabilities are $350,000, and the assets $650,000. CAUSE OF THE FAILURE. The reason assigned for the failure is tight money. The bank is a private concern, and did nothing but a collection and exchange business. The entire indebtedness of Senator Wallace is put at $400,000, and his assets at $600,000. David L. Krebs president, judge of Clearfield county. and son-in-law of Senator Wallace, has also made an assignment. He is indeoted to various parties for borrowed money to the extent of about $14,000. Senator Wallace had indorsed his notes, and when the latter made an assignment Judge Krebs was forced to do likewise.

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ABBREVIATED TELEGRAMS

Maj. Gen. Alfred H. Terry, of the United States army, died at New Haven, Conn., Tuesday. The house postoffice committee has post poned discussion of the postal telegraph bill until Jan. 6, next. Traffic on the Seine and the Loire is suspended on account of ice. The weather throughout France is unusually severe. Lyman Staples, an old resident of Chicago, dropped dead from heart disease in the office of the Cook county commissioners Tuesday. A young woman got off a Chicago cable car Tuesday went into a drug store, and in a moment was delivered of a girl baby. It was illegitimate. Miss Annie Heckle while dressing for a Christmas tree party at Crawford, Ga., was burned to death. The drapery of her dress caught fire from a gas jet. The new chairman of the house committee on coinage, weights and measures, in place of Conger, resigned, is Wickham, of Ohio. He is said to be a siver man. Wages are to be reduced 25 per cent. in the Pottstown, Pa. iron company's works, beginning Dec. 29. The reduction is in wages of employes in the plate and puddling departments. The Clearfield County bank, of Clearfield, Pa., suspended Tuesday. The liabilities are estimated at $350,000, with assets of $650,000. Depositors are said to be secured by real estate mortgages. A tame crow owned by the wife of John A. Leason, a farmer near Scranton, Pa., fell in a kettle of soft soap and most of his feathers dropped out. He is now growing a new crop, half of which are white. Mrs. Eagan, of New York city, is going to sue Jay Gould for 10 cents which she dropped into the ticket box at an elevated railway station with her ticket, and which the ticket agent would not return to her. Mrs. Van Hoesen, of Syracuse, N. Y., a disciple of the art of astrology, has read in the stars that beginning with February, 1891, times will be lively. The Mormons are to rise, a plague is coming which will cut off everybody who fails to take refuge in a house she is building, and next the devil is to rule for 800 years. It took Henry Schulz and Matilda Sonntag just twenty-four hours to discover that their marriage was a failure. The morning after "hitching for life" they ap* peared in court asking to be divorced. Matilda concluded she would rather have another young man, and Henry was willing. This occurred at Rochester, N. Y. The political campaign in Ireland resulted in a free fight at Ballynhill Tuesday between the Parnell and McCarthy factions. Meetings of the respective parties were in progress, and violent speeches were made. The Parnellitesfinally charged the McCarthyites, and many persons were injured before the attack was repelled. Michael Davitt, among others, received a severe wound on the head.

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FAILURES

CLEARFIELD. Pa., Dec. 16.-The Clearfield county bank closed its doors this morning. The depositors are made safe by a mortgage on real estate of three times the value of the deposits. The liabilities are $350,000; assets, $650,000. HURON, S. D., Dec. 16.-The Huron National bank closed its doors this morning. The president says the depositors will receive every cent due them. CLEARFIELD, Pa., Dec. 16.-William A. Wallace assigned today. Liabilities $850,000; assets, $360,000. Wallace was president of the Clearfield bank.

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MORE BUSINESS FAILURES

illard Brick Company's Debts-Two Banks Unable to Hold Out. pr STLAND, Dec. 16.-News was received here that Charles Hassey, owner of banks at may and Wallace, Idaho, had made an assignfor the benefit of his creditors. It is bethat the assets are sufficient to cover the lities. The suspension is due to a lack of to meet the present heavy demands. . YORK, Dec. 16.-Receiver Seidler, of the ard Brick Company, whose failure was anyesterday, says the liabilities will probreach $2,000,000, with assets anywhere from ,000 to $2,000,000. EAPOLIS, Dec. 16.-Officers of the comdeny the reported failure of the Iowa, eta and Dakota Elevator Company at saying the report was started by local who wanted to embarrass the comTRON, 8. D., Dec. 16.-The Home National suspended this morning because of the adrawal of $60,000 of deposits. The bank dals declare that provision has been made to every dollar due creditors and depositors. positors have been steadily withdrawing bey for a month past, evidently scared by the incial stringency. Individual deposits by ck dwindled to less than $200,000, and certififor deposits to the same ratio. The bank id not stand the strain. There is general fidence in the bank being able to carry out promise to make good all deposits. No ment has been made yet. LEARFIELD, Pa., Dec. 16.-The Clearfield e mty bank closed its doors this morning. The er of the bank is ex-Senator William A. acc. The excessive tightness of the money ket caused the failure. The bank was a priconcern. Several years ago it was a state tution, but now did a collection and exge business. The deposits will be secured St dgments on bonds and mortgage on valuilet coal lands in this county. The deposits agBot tate $475,000. The security is double the intedness. The entire indebtedness, Senator lace says, nets $400,000 and the assets $600,-

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EMBARRASSED BANKS

Ex-Senator Wallace Makes a Failure-A Dakota Bank Fails. CLEARFIELD, Pa., Dec. 16.-The Clear field County bank closed its doors this morning. Depositors are made safe by a mortgage on real estate for three times the amount of their deposits. The owner of the bank is ex-United States Senator William A. Wallace. Excessive tightness in the money market was the cause of the failure. The Clearfield County bank was a private concern. It was several years ago a state institution, but latterly did a collecting and exchange business. The depositors have been secured by a judgment bond and mortgage on valuable coal lands in this county. The deposits aggregate $475,000. The security is double the indebtedness. The entire indebtedness of Senator Wallace is near $400,000, and his assets $600,000. MINNEAPOLIS, Dec. 16.-A Journal special from Huron, South Dakota, says: The Huron national bank suspended this morning, because of the withdrawal of $60,000 of deposits. The bank officials declare that provisions have been made to pay every dollar due creditors and depositors. The depositors had been steadily withdrawing money for a month past, evidently scared by the financial stringency. Individual deposits, subject to check, dwindled down to less than $20,000, and certificates of deposit in the same rate. The bank could not stand the strain. There is general confidence in the bank being able to carry out its promise to make good all deposits.

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BUSINESS TROUBLES

Another Pennsylvania Bank Closes Its Doors. CLEARFIELD, Pa., Dec. 16.-The Clearfield County bank closed its doors this morning. The depositors are made safe by a mortgage on real estate for three times the amount of deposit. The owner of the bank, ex-United States Senator William A. Wallace, has appointed J. S. N. McCarroll, of Harrisburg; W. E. Wallace and E. O. Smith, of Clearfield, assignees. Liabilities, $350,000; assets, $650,000. The reason given by Mr. Wallace for the assignment is the excessive tightness in the money market and inability to obtain money to meet his obligations. The Clearfield County bank was a private concern, Mr. Wallace being the president and John W. Adams cashier. The bank was several years ago a state institution, but had been directed to wind up the old business, and did nothing but a collecting and exchange business. The depositors have been secured by a judgment bond and mortgage on valuable coal lands in this county to Thomas H. Murray. Asbury W. Lee, W. W. Betts and John M. Troxell as trustees. A certified list of the depositors was made out last night, and the sums aggregated $475,000. The security is double the indebtedness. The assets of this concern go into the personal assigned estate of Mr. Wallace. Judgments were entered this morning in favor of Fletcher Coleman for $24,000 to secure himself and certain other indorsers of Mr. Wallace; Thomas T. Wallace for $33,000 for a like purpose, and to Harry F. Wallace for $20,000 in trust for Mrs. Wallace, to secure that part of her separate estate intrusted to her husband. The entire indebtedness of Senator Wallace is put down at near $400,000, and his assets at $600,000. The two other banks in this place, the County National and First National, have no fear of a run being made on them, but, nevertheiess, have fortified themselves with cash from Eastern banks. NEW YORK, Dec. 16.-The Lorillard Brick Works company, of this city and Keyport, N. J., bas been placed in the hands of a receiver, Charles H. Darley. The company has, it is said, been carrying a large amount of real estate and builders' paper. The latter is estimated at upwards of $200,000. Hence the company was short of cash. The assignee says the liabilities of the company are $1.000,000, and the assets about $1,500,000. The business will be continued by the assignee.

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EX-SENATOR WALLACE FAILS

HIS BANK IN CLEARFIELD, PENN.; OBLIGED TO CLOSE ITS DOORS. THE SECURITY IS DOUBLE THE INDEBTEDNESS AND THE DEPOSITORS ARE SAFEASSETS AND liabilities. Clearfield, Penn., Dec. 16.-The Clearfield Cour ty Bank closed its doors this morning. The depositors are made safe by a mortgage on real estate for three times the amounts of deposits. The owner of the bank, Senator William A. Wallace, has appointed J. S. N. McCarroll. of Harrisburg: W. E. Wallace and A. O. Smith, of Clearfield, assignees. David L. Krebs, President Judge of Clearfield County and a son-in-law of ex-Senator Wallace, has also made an assignment. He is indebted to various persons for borrowed money to the extent of about $14,000. Mr. Wallace has indorsed his notes, and when the latter made an assignment Judge Krebs was forced to do likewise. The reason given by Mr. Wallace for the assignment is the excessive tightness in the money market and inability to obtain money to meet his obligations. The Clearfield County Bank was a private concern. Mr. Wallace being the president and John W. Adams cashier. The bank was several years ago a State institution. but had been directed to wind up the old business, and did nothing but a collecting and exchange business. The depositors have been secured by a judgment bond and mortgage on valuable coal lands in this county to Thomas H. Murray, Asbury W. Lee, W. W. Betts and John M. Troxell as trustees. A certified list of the depositors was made out last night and the sums aggregated $475,000. The security IS double the indebtedness. The assets of this concern go into the personal assigned estate of Mr. Wallace. Judgments were entered this morning in favor of Fletcher Coleman for $24,000 to secure himself and certain other indorsers of Mr. Wallace: to Thomas L. Wallace for $83,000 for a like purpose, and to Harry F. Wallace for $20,000 in trust for Mrs. Wallace to secure that part of her separate estate intrusted to her husband. The entire indebtedness of ex-Senator Wallace is put down at near $400,000 and his assets at $600,000. The two other banks in this place, the County Na tional and First National, have no fear of a run on them. but nevertheless have fortified themselves with cash from Eastern banks. Philadelphia, Dec. 16.-The news of Senator Wallace's failure caused some surprise in this city, although a number of well known financiers said that they have been expecting it for some time. The Senator was heavily interested in coal and timber lands in Clear field County. but it was generally supposed that he was not hard pressed for money. No information about his losses could be obtained this afternoon. It is believed he had little If any interest in this city and that the failure will cause no trouble here. It has been known here for some time that the Clearfield Bank was in a weak position and that Its failure was imminent In banking circles it was said to-day that conserva tive people have been avoiding the bank. believing 11 was not safe to have business transactions with It. Ex Senator Wallace had no connection with the 8118 pended banking firm of B. K. Jamison & Co., and a rumor that his failure was directly due to the suspension of that firm was denied by a member of the firm of Jamison & Co. Nowhere did the failure cause so much surprise and regret as in political circles. where Mr. Wallace is so well known and highly respected

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MONEY AND TRADE

Silver Legislation Suggested to Provide for the Present Financial Crisis. WASHINGTON, Dec. 16. - Windom is quoted as saying: "The finances are brightening, and if nothing is done in the Way of legislation calculated to unsettle confidence being restored, it will not be long befere matters have assumed their natural condition." SILVER LEGISLATION. NEW YORK, Dec. 16.-Henry Clews has addressed an open letter to the Secretary of the Treasury in which he makes one or two novel suggestions about silver legislation. Mr. Clews says: "Congress ought to amend the present silver la why inserting a clause giving the Secretary of the Treasury authority to change at his discretion the period of the purchase of silver. At present the law provides for the purchase of 4,500,000 ounces each month, which is absolute. In place of this I propose to provide for the present money crisis a substitute, at the Secretary's discretion, giving him authority to purchase double the amount in December, equal to 9,000,000 ounces, and the same for January, February and March, and to suspend the purchase entirely for the same in the months of April, May June and July next. What is important for the people of the country to know for a certainty is that they can rely upon the present law being permanent and not subject to changeat the convenience of every Congress. When the present law has been in existence a year, it will bring out new silver money aggregating in amount about $60,000,000, and each year thereafter an equal sum, and in ten years from the date of the passage of the act the amount of this money will be about $600,000,000. This annual increase, I am of the opinion, will be ample for that class of money, and it would be unwise to increase it. It certainly will be sufficient if Congress will also pass at an early date Sherman's bill, which provides for national bank bills to be issued up to the par value of United States bonds. This will increase that class of money about $15,000,000." THE LONDON MARKET. Kiernan's Agency has a London special which says: The principal feature of the speculative market is the firmness shown by securities dependent on the price of silver due to the prospect through proposed legislation of the absorption of the entire surplus stock of metal in the United States. The discount rate has stiffened materially in consequence of another demand from Germany for funds. It is rumored the Bank of France has informed the Bank of England that she will need the gold borrowed from her last month during the Baring troubles to enable her to meet the new French loan. MORE FAILURES. CLEARFIELD (Penn.), Dec. 16.-The Clearfield County Bank closed its doors this morning. The depositors are made safe by a mortgage on the real estate for three times the amount of deposit. The owner of the bank is ex-United States Senator William A. Wallace. The liabilities are $350,000 and the assets are $850,000. The excessive tightness of the money market caused the failure. The Clearfield County Bank was a private concern. It was several years ago a State institution, but now does a collecting and exchange business. The depositors have been secured by a judgment bond and mortgage of valuable coal lands in this county. The deposits aggregate $475,000. The security doubles the entire indebtedness. Senator Wallace's interest is $400,000 and his assets are placed at $600,000. MINNEAPOLIS, Dec. 16.-The Journal's special from Huron, S. Dak., says: The Home National Bank suspended this morning, because of the withdrawal of $60,000 of the deposits. The bank officials declare that provision has been made to pay every dollar due creditors and depositors. The depositors have been steadily withdrawing their money for a month past, evidently scared by the financial stringency. Individualdepositssubject to check dwindled down to less than $20,000, and certificates for deposit in the same ratio. The bank could not stand the strain. There is general confidence in the bank being able to carry out the promise to make good all deposits. No statement has yet been made. NEW YORK, Dec. 16.-Receiver Seidler of the Lorillard Brick Company, whose failure was announced yesterday, says the firm's liabilities will probably reach $2,000,000, with assets anvwhere from S1 500.000, to

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Encore des faillites

NEW YORK, 15.--MM. Hamilton, Bishop & Cie, banquierr, 96, Broadway, ont fait faillite. Leur passif n'est pas encore connu. BOSTON, 13. La maison de laines, William Bloom & Cie., vient de faire faillite. BALTIMORE, 13.-La Garnbull Manufacturing Cie., vient de déposer son bilan. Passif $300,000. PHILADEDPHIE, 15.-MM. Welch & Lee, banquiers, ont suspendu leurs paiements. PITTSBURG, 15.-La Pittsburg Lumber Company vientide couler. Passif encore inconnu. CHICAGO.-La maison Morrison, Adams & Allen, manufacturiers vient de fermer ses portes. Passif 50,000 dollars. NASHVILLE, TENN. H. O. Hambrough & Cie. de Peachers Mills, viennent de déposer leur bilan. Leur passif est de 85,000 dollars. CINCINNATI, O., 13.- On annonce la faillite de MM. Bell, Miller & Cie., marchands de draps en gros de notre ville. Passif 265,000,dollars. MONTREAL, 13.--MM. Dickem & Cie., marchands de drap en gros de Québec ont été obligés de déposer leur bilan par suite de la faillite de MM. Thibaudeau Frères. Le passif est colossal. CLARKSVILLE, TENN-Hancock, Hallams & Cie., propriétaires du "Gracey Tobacco Warehouse" viennent de suspendre leurs paiements. Passif 180,000 dollars. CLEARFIELD, Pa., 17 Dec. -La "Clearfield County Bank" vient de fermer ses portes. Passif 650,000 dollars.

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ANOTHER BANK CLOSED

HON. WILLIAM A. WALLACE KES All ASSIGNMENT His Son-In-law, Henr David 1. Krobe, Linked in Along with Tightnese in the Money Market audit Inability to Meet His Obligations Are the Canse-The Depositors Jade Safe by # Big Mortgage - Other Banke Fortify Themselves with Cash. CLEARFIELD. PA.. Dec. 17.-The Clear field County bank closed its doors Tuesday, the Hon. William A. Wallace make ing an assignment in favor of T. J. MoCarrell, of Harrisburg William EL Wallace and Allison O, Smith. of Callfornia. The reason given for making the assignment is the excentive tightness in the money market and inability to obtain money to meet his obligations. The senator is not alone in this matter, as his son-in-law, Hon. David L. Krobe, president judge of this county, is linkoil in along with him The Clearfield County bank was a private concern, Mr. Wallaco being the president and John M. Adams, cashier. The bank was NOV eral years ago a stata institution. but had been directed to wind up the old business, and did nothing but a collecting and exchange business. The Depositors Have Been Secured by judgement bond and mortgage on valuable coal landa in this county for the sum of $75,000 to Thomas H. Murray, Ambury W. Lee, W. W. Betta and John M. Troxell, na trusteen. A list of the depositors has been made out, and the sums renched the above amount The security is double the indebtedness. The assets of the concern go into the personal assigned estate of Mr. Wallace in Judgments favor of were Fletcher entered Coleman this morning for 824.000, to secure himself and certain other endorsers of Mr. Wallace, to Thomas L. Wallace, for 883,000 for a like purpose; and to Harry F. Wallace for $20,000, in trust for Mrs. Wallace, to secure that part of her separate estate received by her husband. The entire indebtedness of Senator Wallace is put down near $400,000 and his assets at 8600,000. The County two other National banks and in this First placed National, the have no fear of a run being made on them. but neverthelous have fortified themselves with each from eastern banks.

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FIFTEEN CENTS A WEEK

BRIEF. child," and proceeded to prophesy evil should the monarchy be maintained. Interesting Items of The Clearfield County bank, of ClearSubjects. field, Pa., has assigned. It is the property coinage of silver. of ex-United States Senator Wallace, killed by a train at whose indebtedness is $400,000. The assets are said to be $600,000. trality for governor of Sandford Wheeler and Mrs. Lillie Hampton, living on adjoining farms at ench painter, Louis Harrodsburg, Ky., eloped, leaving famdead. ilies. They were seen last in Lexington. Texas makes the Both are of excellent family. 183,651. The committee appointed to examine the accounts of ex-Treasurer William A. reported from Memof water. Schuck, of Jennings county, Ind., report a shortage of $4,854.80. Schuck's friends reported from Memof water. claim he will come out all right. Charles Loman, a Youngstown, O., sahas caused many loonkeeper, while under the influence of homes. liquor, tried to fire a bullet into his heart. burned to death The ball was diverted by striking a rib. Ind. nbridge, While dangerously wounded, he may reCompany, Cincinnati cover. $5,000. abilities, Sheldon Jackson, general agent of edujubilating over the cation in Alaska, suggests to the governas a gas and ment that encouragement be given the natives to engage in raising reindeer as a roduced in congress suitable employment and a relief to destigold and silver bultution. The attorneys appointed by the court to National bank as defend Preacher Pettit at Lafayette, Ind., the withdrawal of presented a bill for $6,000, agreed to compromise for $3,600, were offered $1,500, reCanton, O., has been fused it, and will now sue the county for $10,000. in the penitentiary Farmers' Alliance at Bellefontaine, O., passed resolutions asking the legislature at Cincinnati, to fix the salaries of the county officers at National party is $1,000 per annum, with reasonable clerk hire, the latter to be approved by the been ordered on county commissioners. the widow of Gen. Dr. Camden McKinney, Joseph Elliott and Lawrence Show, alleged detectives. been ordered on are under arrest at Newcastle, Ind., widow the of Gen. charged with kidnapping Henry Craig, whom they accused of horse-stealing. Morganville, O., Craig was tried and acquitted. himself with Flora Davis, 20, of Mansfield, used to be colored, but white spots about the face about is to make and body are spreading so rapidly that she as a result of the will soon be white. The phenomenon is the result of an affection of the nerves supof deChicago, plying the pigment in the skin. prolonged illness, A dispatch from Rome says that the proposed marriage of the Duke of Aosta to teacher among the his stepmother, the Princess Letitia, is not returned home to viewed with favor by the Italian court. The duke, however, insists upon the worth of silk at match, and the princess is willing. establishment Louis Hunt, proprietor of the Novelty Ind. Furniture manufactory, Cincinnati, was signed providarrested on the charge of receiving money time for the comunder false pretenses. having misreprecanal. sented his financial condition to a man from whom he secured a loan of $600. Gregory, Ballou & bankers, are $1,558,Cold weather is reported at various $1,453,631. parts of Northern Germany. At some Atna Powder compoints the mercury stands at 17 centicaused one Ind., grade. All streams are frozen over. several people. Floating ice fills the Rhine and its tributaries, and the pontoon bridges have not ncinnati, and Harry been removed. held are for rape O. Portsmouth, Gen. B. Mollina Guirola, San Salvador's near Arfirst minister to the United States, is en living ront of a train at route to Washington to provide a subsidy for a line of steamers for the purpose of mangled. marketing the coffee, sugar, balsam, masatisfied with the hogony and other products of his country, the western railYork with the people of the United States. Monday. City have Kensas

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THE CLEARFIELD FAILURE Mr

Wallace's Liabilities $400,000 and His Assets $600,000--Tightness of the Money Market the Cause. CLEARFIELD, PA., Dec. 16,-The reason given by ex-Senator Wallace for the assignment of his bank is the excessive tight* ness in the money market and inability to obtain money to meet his obligations. The Clearfield County Bank was a private concern, Mr. Wallace being the president and John M. Adams, cashier. The bank was several years ago a state institution, but had been directed to wind up the old business and did nothing but a collecting and exchange business. The depositors have ben secured by a judgment bond and mortgage on valuable coal lands in the county to Thomas H. Murray, Asbury W. Lee, W. W. Betts and John M. Troxell as trustees. A certified list of the depositors was made out last night and the sums aggregated $75,000. The security is double the indebtedness. The assets of this concern go into the personal assigned estate of Mr. Wallace. Judgments were entered this morning in favor of Fletcher Coleman for $24,000, to save himself and certain other endorsers of Mr. Wallace; to Thomas L. Wallace for $33,000 for a like purpose, and to Harry F. Wallace for $20,000, in the trust for Mrs. Wallace to secure that part of her separate estate entrusted to her husband. The entire indebtedness of Senator Wallace is put down at near $400,000 and his assets at $600,000. The two other banks in this place the county national and first national have no fear of a run being made on them but nevertheless have fortified themselves with cash from eastern banks.

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NEWS CONDENSED

-Only 19 republican patriots arestriving for the Cincinnati post-office. -Alfred H. Terry, Major General U. S. A., died Tuesday morning in New Ha ven, Ct., aged 63. -The Lorillard Brick Works Co., of New York, has failed for $7,000,000, with assets of between $1,500,000 and $2,000,000. -After a long debate the House, by a vote of 187 to 82, passed Apportionment bill, fixing representation in that body at 356 members. -The steamer Ohio, en route from Memphis to Cincinhati, struck a snag at Cottonwood Point Monday night and went down; loss $35,000. -A deficiency of $2,500 has already been discovered in the accounts of the absconding postmaster at Decatur, Ala., and it is expected to reach $5,000. -White Buffalo Man, a son of Sitting Bull, says the killing of his father was right, but unless the government is prompt there will be serious trouble result. -At Lexington Lewis Johnson, convicted of rape, was sentenced to 15 years in the penitentiary. Alonzo John was given 26 years on three charges of house breaking. -The Clearfield County Bank, Clearfield, Pa., has assigned. It is the property of Ex-U. S. Senator Wallace, whose indebtedness is $400,000. The assets are said to be $600,000. -G. W. Simmons was shot at Argentine Kas., by James Neal, who surprised t him in Mrs. Neal's room and shot and fatally wounded him as he tried to esS cape by a back way. t -Republican Senators held their third caucus Wednesday night at Washington and decided upon a financial policy, h which will provide for the purchase of a $12,000,000 silver bullion surplus; the reduction of the compulsory bond deposits a of national banks; the extension of nase tional banks' circulation to the full se e amount of their bond deposits and the replacement of the deficiency in the nag tional bank circirculation below $180,000h 000 by treasury notes based on silver ca bullion purchases. The bill will also e provide for free coinage when silver is ... maintained at par for one year.

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DOMESTIC

THE Huron National Bank of Huron, .D., closed its doors. JOE BAKER and an unknown man were lynched by ranchers near Denver, Col., for firing hay-stacks. MRS. SENECA FELL, aged 63 years, and her grandchild, Olive Torrence, aged 11 years, were suffocated by coal gas at Philadelphia. THE village council of Green Isle, Minn., has been indicted for employing all the saloon-keepers in town as policemen simply to assist them to pay their licenses. J.C. GILLESPIE, treasurer of Boone County, Mo., was discovered to be short $20,000 in his accounts. TWENTY small houses in New Orleans were destroyed by fire. IT was reported that a general movement for an eight-hour day would be made next May by the coal miners of Europe and America. THE Clearfield County Bank at Clearfield, Pa., suspended. The liabilities were estimated at $350,000, with assets of $650,000. IN Indiana the coal product the past year was 8,676,000 tons, exceeding that of the previous year by 573,500 tons. THE entire business part of Orrick, Mo., was burned. IN a shooting affray near Brookhaven, Miss., Al Bowen, Will Blue, Dave McKee and Bob Applewhite were mortally wounded. All were young men. AT St. Helens, Ore., burglars blew open the safe of Muckie Bros.' store and secured $2,000 in coin and $17,000 in notes. THE news reached Rapid City, S.D., on the 16th that a command of cavalry was attacked by Indians near Daly's men were ranch killed, and but two the officers Indians and fifty repulsed with heavy losses. The number of Indians killed was not known. The Indians were put to rout. FOUR Hungarians were killed in the mines near Hazelton, Pa., by a fall of coal. SULZBECK, WEEIGE & BOLKER, silk manufacturers at College Point, L. I., failed for $150,000. THE new silver certificates of the series of 1890 have made their appearance. The $10 certificates have the medalion of General Sheridan in the center, while the $1 note has the medalion of Secretary Stanton on the left hand side of the face. H. II. FUNK, a stockman and speculator at Shelbyville, III., failed for $100,000. GOVERNOR STEELE, of Oklahoma, returned the Kingfisher capital bill without his approval. He also warned the Legislature that he would consider nothing further of that nature. This leaves Guthrie the capital. AT Carey, o., two oil-well drillers, Henry Wilson and Charles Henderson, were fatally burned. THE eastern portion of the United States was visited by one of the severest storms known for years. At Pittsburgh, Pa., nearly two feet of snow fell. Much damage was wrought along the Atlantic coast. AT Franklin, Ind., the family of J.S. Sturgus was poisoned by ice-cream that had stood in a tin vessel for about ten hours. One, a boy of 7 years, could not recover. Two YOUNG daughters of Mrs. Nick Melchert, at Aurora, Ill., were drowned while skating. Two OF the foremost physicians in Michigan, Dr. E. Shurley and Dr. Gibbs, announced that they had discovered a consumption cure lose-efficacy was beyond question. A BIG cave-in of a surface coal mine occurred at Parsons, Pa., and eleven houses partially fell down the mine. THE Spokane Falls (Wash.) National Bank closed its doors. The cashier said that the assets exceeded the liabilities. AT Wichita. Kan., after the jury in the case of Nellie Mayers. charged with robbery and assault, had been out fiftytwo hours Judge Balderson declared that he would have a verdict. At 3 a m. he introduced a minister into the jury-room, who preached for an hour, prayed and withdrew. A verdict of iguilty was reached immediately after. THE Burton block in Chicago was rourned for the third time within two years. The loss was $100,000.

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THE EAST

AwPhiladelphia Maris & Smith, bankers and brokers, failed for $300,000. A RECEIVER was named for the Lorillard Brick-Works Company of New York. The liabilities were $1,000,000 and assets $1,500,000. THE death of the wife and daughter of the late ex-Governor B. G. Noble, of Wisconsin, occurred suddenly at their home in Brooklyn, N. Y., within a few hours of each other of pneumonia. Mr. Noble died six weeks ago. IN Philadelphia Mrs. Seneca Fell, aged 65 years, and her grandchild, Olive Torrence, aged 11 years, were suffocated by coal gas. THE failure of the Clearfield County Bank at Clearfield, Pa., was announced, with liabilities at $350,000 and assets at $650,000. THE death of Major-General Alfred H. Terry, of the United States army, occurred at New Haven, Conn., age 63 years. IN the mines near Hazelton, Pa., four Hungarians were killed by a fall of coal. AT Pittsburgh, Pa., nearly two fect of snow fell on the 17th, and much damage was wrought along the Atlantic coast. AT Parsons, Pa., a big cave-in of a surface coal mine occurred, and eleven houses partially fell down the mine. On the 17th John Greenleaf Whittier, the poet, celebrated his 83d birthday at his home. Oak Knoll, in Danvers, Mass. OWEN BROS., agents at Providence, R. I., of the Atlantic mills, failed for about $1,000,000.

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THE EAST

AT Philadelphia Maris & Smith, bankers and brokers, failed for $300,000. A RECEIVER was named for the Lorillard Brick-Works Company of New York. The liabilities were $1,000,000 and assets $1,500,000. THE death of the wife and daughter of the late ex-Governor B. G. Noble, of Wisconsin, occurred suddenly at their home in Brooklyn, N. Y., within a few hours of each other of pneumonia. Mr. Noble died six weeks ago. IN Philadelphia Mrs. Seneca Fell, aged 65 years, and her grandchild, Olive Torrence, aged 11 years, were suffocated by coal gas. THE failure of the Clearfield County Bank at Clearfield, Pa., was announced, with liabilities at $350,000 and assets at $650,000. THE death of Major-General Alfred H. Terry, of the United States army, occurred at New Haven, Conn., age 63 years. IN the mines near Hazelton. Pa., four Hungarians were killed by a fall of coal. Ar Pittsburgh, Pa.. nearly two feet of snow fell on the 17th. and much damage was wrought along the Atlantic coast. AT Parsons, Pa., a big cave-in of a surface coal mine occurred, and eleven houses partially fell down the mine. On the 17th John Greenleaf Whittier, the poet, celebrated his 83d birthday at his home, Oak Knoll, in Danvers, Mass. OWEN BROS., agents at Providence, R. I., of the Atlantic mills, failed for about $1,000,000.

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THE failure of the Clearfield County Bank at Clearfield, Pa., of which exSenator Wallace was the principal owner, completes the circle of disaster which has included leaders of all of the important political elements in Pennsylvania. First came the assignment of Barker Bros. & Co., of Philadelphia, involving Wharton Barker, one of the most prominent of the Independent Republicans who bolted Delamater. Then Senator Delamater himself was overwhelmed by financial disaster through the failure of the banking house in which his family's fortune was at stake. Now comes the suspension of the bank of the most prominent Bourbon Democrat in the Keystone State.

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LATEST NEWS CONDENSED

GENERAL NOTES. DIPHTHERIA is epidemic at Milwaakee. OIL has been struck at Valparaiso, Indiana. OIL is reported to have been struck near Porter, Ind. THE Messiah has reached the Aztec Indians in Mexico. JUSTICE OLMSTEAD of Hurley, who has been drinking hard for a few weeks, is missing from Antigo. MAJOR GENERAL A. H. TERRY, of the United States army, died at New Haven, Conn., Tuesday morning. E. H. BRODHEAD, president of the First National bank of Milwaukee, died Sunday at the age of 81. THE poet Whittier celebrated the 83d anniversary of his birth Dec. 17th at his home in Danvers, Mass. PRESIDENT ELIOT, of Harvard, says the college does not teach free trade and has no policy on the question. THE late William Shaw, of Pittsburgh, bequeathed $800,000 to charitable institutions. A BEET-SUGAR factory to cost $500,000. will be erected at China, Cal., where 2,000 acres will be planted with beets. IT is reported that the Indians in the Bad Lands have held a council of war and determined to avenge Sitting Bull's death by killing as many white men as possible. IT is reported that five cheese dealers in Green county will close the year's business with $50,000 profits. EZRA CHAHMAN, who settled in Ontario township, Knox county, in 1839. died at his home in Oneida, III., Monday night, aged 93. A BATTLE between cavalry and Indians is reported to have taken place at Daly's ranch. South Dakota, in which two officers and fifty soldiers were killed and the Indians repulsed with heavy losses. THE Clearfield county bank, of Clearfield. Pa.. suspended Tuesday morning. The liabilities are estimated at $350,000. with assets of of $650,000. Depositors are said to be secured by real estate mortagages.

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AN EVENTFUL YEAR.

Many Things That Happened During 1890.

RECORD OF NOTABLE OCCURRENCES.

Disastrous Business Failures—Fatal Casualties and Startling Crimes—Leading Political and Social Events—Necrology—Disastrous Fires, Etc.

BUSINESS FAILURES. [INVOLVING $300,000 AND OVER, ON BANKS GENERALLY.]

Jan. 6—R. Deimel & Co., Chicago furniture dealers; $300,000. Jan. 14—Smith Middlings Purifier Co., Jackson, Mich.; $484,000. Jan. 16—Bank of H. R. Pierson & Son, Albany, N. Y. Jan. 21—State Bank of Irwin, Kan. Jan. 27—John B. Lollande, New Orleans, cotton merchant; $600,000. Feb. 4—Joseph P. Murphy, Philadelphia, manufacturer of cotton and woolen goods; $500,000. Feb. 11—Franklin Woodruff & Co., dealers in fish and salt, New York City; $400,000. Mar. 13—Harrison & Loder, wholesale dry goods, New York City; $350,000. Mar. 19—John F. Plummer & Co., wholesale dry goods, New York City; $1,000,000. Apr. 7—George K. Sistare's Sons, bankers, New York City; $500,000. Apr. 8—Manhattan Bank, Manhattan, Kan.; $561,000. Apr. 17—Louis Franke & Co., silk merchants, New York City; $900,000. Apr. 30—Bank of America and twelve branches, Philadelphia; $700,000. May 1—Fechheimer, Rau & Co., shirt manufacturers, New York City; $400,000. May 13—Plattsburg Bank, Plattsburg, Mo. May 14—J. F. Reynolds, broker, New York City; $300,000. May 19—Public Grain and Stock Exchange, New York City; largest bucket-shop in United States. May 22—Bank of Middle Tennessee, Lebanon, Tenn. May 23—Owego (N. Y.) National Bank. Jun. 20—Park National Bank, Chicago. Jun. 24—Bank of Hartford, Hartford, Wis. Jul. 29—J. E. Tygert & Co., fertilizer manufacturers, Philadelphia, Pa.; $317,000. Aug. 6—State National Bank, Wellington, Kan. Aug. 27—Potter, Lovell & Co., bankers, Boston; $5,000,000. Aug. 29—City National Bank, Hastings, Neb. Sep. 3—Hoxie & Mellor, Wisconsin lumber dealers, $500,000. Sep. 4—Sawyer, Wallace & Co., New York, Louisville and London, commission merchants and brokers; $2,000,000. Sep. 6—National bank at Kingman, Kan. Sep. 17—Gardner, Chase & Co., bankers and brokers, Boston; $2,000,000. Sep. 27—Bank of Madison, Jackson, Tenn.; $200,000. Oct. 4—Fleming Bros., patent medicine firm, Pittsburgh, Pa.; $500,000. Oct. 10—Indianapolis (Ind.) Car Manufacturing Company; $600,000. Oct. 13—Wallace, Waggoner & Co., wholesale grocers, Houston, Tex.; $300,000 J. H. Hagerty & Co.'s bank, Aberdeen, S. D.; $230,000. Oct. 16—R. G. Peters' Salt and Lumber Co., Manistee, Mich.; $3,000,000. Oct. 31—Leopold Bros., wholesale clothiers, Chicago, $300,000. Nov. 11—Panic in Wall st., N. Y., caused the failure of brokers Decker, Howell & Co. ($10,000,000); C. M. Whitney & Co. ($300,000), and Daniel Richmond ($200,000) John T. Walker & Co., silk importers, of New York City, $900,000. Nov. 14—Kansas City Packing Co., Armourdale, Kan.; $500,000. Nov. 15—Kansas City Packing & Refrigerating Co., Boston; $1,000,000 Mills, Robeson & Smith, brokers, New York City; $350,000. Nov. 18—P. W. Gallaudet & Co., New York City, brokers; $1,000,000. Nov. 20—Barker Brothers & Co., bankers, Philadelphia; $3,000,000. Nov. 21—Banking firm of Ragsdale & Co., Oklahoma City, O. T. Nov. 22—First National Bank of Alma, Kan. ... Bank of Waverly, Waverly, Kan. Nov. 24—Edward Brandon, New York broker; $1,500,000 Thomas Fawcett & Co., extensive coal dealers, Pittsburgh, Pa.; $400,000. Nov. 25—Thomas H. Allen & Co., cotton commission firm, Memphis, Tenn.; $750,000. Nov. 27—H. H. Bell, banker, Duluth, Minn.; $750,000. Nov. 28—B. K. Jamison & Co., bankers and brokers, Philadelphia; $1,000,000. Dec. 3—Rittenhouse Manufacturing Co., Passaic, N. J.; $800,000. Dec. 5—V. & A. Meyer, cotton dealers, New Orleans; $2,500,000 Delameter & Co., Meadville, Pa., bankers; $400,000 Chicago Safe & Lock Co.; $700,000. Dec. 8—Roberts, Cushman & Co., dealers in bolters' materials, of New York City, $500,000. Dec. 9—American National Bank, Arkansas City, Kan. Nightingale Bros. & Knight, silk manufacturers, Paterson, N. J.; $400,000 Whitten, Burdett & Young, Boston, wholesale clothiers; $700,000. Dec. 11—Kendrick, Pettus & Co., Clarksville, Tenn., tobacco dealers; $400,000. Dec. 11—Franklin Bank, Clarksville, Tenn.; $200,000, assets $250,000. Dec. 12—Venable & Heyman, wholesale liquor dealers, New York; $400,000 Henry Seibert, tobacco dealer, New York; $250,000. Dec. 13—Druid Mills Manufacturing Co., Baltimore, Md.; $600,000 Collier, Robertson & Hambleton, wholesale grocers, Keokuk, Ia.; $175,000 Bell Miller & Co., dry-goods dealers, Cincinnati; $400,000. Dec. 16—Maris & Smith, bankers and brokers, Philadelphia; $300,000. Dec. 17—Huron National Bank, Huron, S. D. Clearfield County Bank, Clearfield, Pa., $350,000. Dec. 18—Spokane Falls (Wash.) National Bank S. A. Kean & Co., bankers, Chicago. Dec. 19—Owens Bros., Providence, R. I.; $1,000,000. Dec. 23—Bateman Bros., wholesale grocers, Fort Worth, Texas; $500,000. Dec. 24—The firm of Eiseman & Co., dry-goods merchants, Council Bluffs, Ia.; $300,000. Dec. 25—Sanborn County Bank, Woonsocket, S. D. Marerick Bank, San Antonio, Tex. Dec. 27—City National Bank, Hastings, Neb.