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New Albany Bank Suspends. NEW ALBANY, Ind. June 7.-The New Albany Banking company suspended payment this morning and closed its doors. The suspension was caused by the run made on the Bedford bank at Bedford, Indiana. yesterday, which forced it to close. It is claimed that the assets are $212,000. the liabilities 8100, 000, and that the depositors will be paid 100 cents on the dollar. A deed of as signment was today made to John H. Stotzenberg.
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Bank Closes at New Albany. NEW ALBANY, IND., June 7.-The New Albany Banking Co. suspended payment this morning and closed its doors. The suspension was caused by the run made on the Bedford Bank at Bedford, Ind., yesterday which forced it to close. It is claimed the assets are $212,000; its liabilities $100,000. A deed of assignmont was to-day made to John H. Stotzenberg.
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Banking Company Suspends. NEW ALBANY, IND., June 7.-The New Albany Banking Company suspended payment this morning and closed its doors. The suspension was caused by the run made on the Bedford Bank at Bedford, Ind., yesterday, which forced it to close. The principal stockholders in the two banks are identical. It is claimed the assets are $212,000 and liabilities $100,000, and that depositors will be paid one hundred cents on the dollar.
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CONCERNING BUSINESS AND FINANCE. NEW YORK, June 7.-The direct liabilities of Erastus Wiman as scheduled are stated at $501,000; contingent liabilities $315,000. The assignees estimate the real estate in his possession as sufficient to pay the direct indebtedness unsecured by collateral and the surplus of collateral, together with interests in various companies can be applied to the liquidation of such contingent liabilities as may be found to exist after realization upon the assets which these represent. NEW YORK, June 7.-Direct liabilities of Thomas M. Barre & Co., coffee merchants, as scheduled, are $948,680: contingent llabilities $30,330; nominal assets $965,335; actual assets $308,697. CHICAGO, June .-Joseph Rathbone & Co., lumber dealers, made a voluntary assignment this morning. Assets are scheduled at $500,000, and liabilities at $250,000 Robert F. Shanklin, the assignee, is now in possession of the company's property. Inability to realize on commercial paper is given as the cause of the assignment. CLEVELAND, O., June 7.-A runis in progress on the St. Clair Street Branch of the East End Savings Bank Company. Many depositors were promptly paid. Offers from other city banks were received, but refused by the oficers who said their bank was entirely solvent and able to care for itself. The depositors are confined almost exclusively to workingmen. No cause is assigned except rumors due to failures in other cities. NEW ALBANY, June 7.-The New Albany Banking Company suspended payment this morning and closed its doors. The suspension was caused by the run made on the Bedford Bank, at Bedford, Ind., yesterday, which forced it to close. It is claimed the assets are $212,000: its liabilities $100,000. A deed of assignment was today made to John H. Stotzenberg. WASHINGTON, D. C., June 6.-Comptroller Eckels to day appointed Charles S. Winslow receiver of the Evanston National Bank of Evanston, Illinois. A telegram from Chicago received this afternoon by Mr. Eckels states the financialsituation there "is more cheerful.' MINNEAPOLIS, MINN., June 7.-A rnmor gained circulation to-day that two of the best known Elevator companies in the Northwest, the Northern Pacific and the Red River Valley, were temporarily embarrassed. The facts in the case as yet will not warrant the assertion that it is a business failure, although the statement comes direct from the general manager of the Northern Pacitic Elevator Company, that that corporation will ask for the appointment of a receiver. The capital stock of the Northern Pacific Elevator Company is $650,000 and of the Red River Valley Company, $250,000. The interests of both concerns are held largely by the same men. A later telegram from Wheatland, N. D., says the Northern Pacific Elevator was closed to-day on an attachment for the Canadian Bank of Montreal. KOKOMO, IND., June 7.-Warrants for the arrest of ex-Governor Chase, Paris and Walden, who were yesterday indicted by the Howard county grand jury in the Greentown bank matter, are in the hands of the sheriff but will not be served before to-morrow on those in reach of service. The courtremoved the bar of secrecy from the grand jury this morning, and they talk freely. They allege that -Governor Chase took intending depositors into the bank a short time before the failure, and showed them "piles of monev," and the few good securities held by the concern. The bad ones. of which they say Gov. Chase had knowledge, were not brought out. Paris and Walden have drawn $15,000 from the bank on their personal notes, the funds going to Paris. Chase knew if this paper when he was recommending the bank as a safe place of deposit. CHICAGO, June -The flurry among savings bank deporitors had about run its course this morning. At the saving institutions where there was still enough of a gathering to be called a crowd, there was no sign of the panicky unreasoning alarm which beset the depositors Monday, and before the closing hour this afternoon it is thought the run will have subsided.
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BUSINESS TROUBLES. / Joseph Rathbone & Co., lumber dealers of Chicago, assigned June 7. with liabilities of $2.0,000 and assets of $500.000. They had been usable to realize on commercial paper. The New Albany (Ind.) Banking Company has suspended as a reaul of the run on the Bedford, Ind. bank on June 6, both banks having the saino stockholders. Liabilities, $100,000; assets (caimed). $212,000. Depositors will probably be paid in full. W. L Greyfoll, one of the principal stockholders, having filed a deed of trust to the brake for $300,000. The officers of the New Albany bank are: I. S. Windstadley, president; C. J. Frederick, cashier: capital, $100,000; chartered in 1832
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MORE WESTERN BANKS SUSPEND. New-Albany. Ind.. June T.-The New-Albany Banking Company suspended payment this morning and closed its doors. The suspension was caused by the run made on the Bedford Bank, at Bedford, Ind., yesterday, which forced it to close. The principal stock. holders in the 186 banks are T. S. Windsley, of this city; W. S. Windsley, of Bedford, and W. L. Breyfogle, of Chicago, formerly of this city. Yesterday W. L. Breyfogle executed a deed of trust of $200,000 worth of upencumbered real estate in Chicago for the benefit of the depositors of the two banks here. 11 is claimed the assets are $212,000; its liabilities $100,000: and that the depositors will be paid 100 cents on the dollar. A deed of assignment was to-day made to John H. Stotzenberg. Indianapolis, June 7.-A Bedford dispatch to "The Sentinel" says: "The community was-startled to find yesterday that the Bedford Bank did not open Its doors. The president, Mr. Wind day, explained that in consequence of recent heavy withdrawals of deposits the bank would be forced to suspend for a few days. It is one of the oldest banks of the section." Beatrice, Neb., June 7.-The State Bank, at Cortland, this county, closed yesterday morning. It is a small institution. Deposits are about $18,000; assets unknown. Palouse, Wash., June 7.-The First National Bank, of this city, closed Its doors this morning. The suspension is due to the failure of the rank of Spokane. The bank has a capital and surplus of $100,000, and deposits of about 30,000.
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New Albany Bank Breaks. NEW ALBANY, Ind.: June 7-The New Albany Banking Co. suspended payment Wednesday morning The sus pension was caused by the run made on the Bedford durals. at Bedford Ind. Tuesday. The assets are $312,000 and liabilities $100,000 The directors claim that the depositors will be paid 100 cents on the dollar W. L Breyfogle, ex-president the Monon. of Chicago, Tuesday executed a deed of trust of $300,000 worth of unencumbered real estate in Chicago for the benefit of the depositors V
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MORE BUSINESS TROUBLES. Nervous Depositors Start a Run-A Bank Shuts Down. CLEVELAND, Ohio, June 7.-A run Is in progress on the St. Clair street branch of the East End Savings Bank. It began yesterday afternoon, and was opened this morning with increased vigor. Many depositors were promptly paid. Offers from other city banks were received but refused by the officers, who said their bank was entirely solvent and able to care for itself. Depositors are confined almost exclusively to workingmen. No cause is assigned except uneasiness due to failures in other cities. NEW ALBANY, Ind., June 7. -The New Albany Banking Company suspended payment this morning, and closed its doors. The suspension was caused by a run made on the Bedford bank at Bedford, Ind., yesterday, which forced it to close. The principal stockholders in the two banks are identical. The assets are $212,000; liabilities, $100,000. Depositors will be paid in full.
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NEWSY NOTES. I -The New Albany Banking Co, has . assigned with liabilities of $100,000. 3 -The Louisville Southern is to be. come a part of the E.T., V. & G. and e Richmond Terminal systems. -Harry Boone, a boy ten years of age, e was drowned in a creek in Bourbon county, into which he waded for fun. -The bill giving unidentified dead ) bodies to medical students for dissection was passed by the House at Frankfort. $ -The Kentucky House passed the bill providing for a Court of Appeals composed of seven judges, by a vote of 52 to 26. -George Dolph, of Valparaiso, Ind., awallowed a lizzard while drinking at a spring and is slowly dying from the effects of it. -Aaron Wells, a blacksmith, struck Robert Doty with a hammer and was fatally stabbed by him in the lung. in Madison county. -More than half of Fargo, N.D. was destroyed by fire. Over 3,000 people are homeless and no more than $3,000,000 of prgperty destroyed. -Three persons, a son and daughter of John Redding, of Franklin county, and a young man named Barbour, were killed by the same thunderbolt Monday. -Ex Treasurer J. A. Jenkins, of Clark county, Ind., did not resign because of ill health, as was at first given out, but because he was short about $12,000. -Sapion Martello was killed by elec tricity in Dannemora prison, New York. He killed another Italian named Giovanna Parello, in Saratoga, stabbing him repeatedly and cutting his throat. The current had to be turned on him twice. -Cholera has appeared in many dis tricts of Asiatic Turkey and the people are dying by thousands. The survivors are panic-stricken and are fleeing, ,spreadr ing the epidemic with frightful rapidity. It is estimated that 70,000 persons have P fled from Bassora province alone. t -Dynamite was placed under the y Hustler office, a paper published in n Breathitt county, and it was blown to E atoms. The Hustler was credited with t carrying the county for local option and it It is thought the dirty work was done by y advocates of the license system. c -A cloudburst at Hinton, W. Va., n destroyed eight miles of the track of the h C. & O. railroad, a number of bridges L being also washed away. The loss to m the railroad company is estimated at ver $250,000. Trains had to run at through by way of the Norfolk and in Western. M -Thomas Nelson Page, the Virginia H novelist, and Mrs. Henry Field, of Chiri ago, were quietly married Tuesday th uorning at Elmhurst, near Chicago. h They will make their home in Washingb on City. He has the fame and is 40, ba he is 34 and has the fortune, be ing It worth four millions. 81
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The Times, owosso, MICH. JUNE 16,1893. The News Condensed. Important Intelligence From All Parts. DOMESTIC. AT the annual meeting in Chicago of the National Prison association eulogies in memory late president, were ford B. pronounced Hayes, of elected and Ruther- Gen. Binkerhoff, of St. Paul, was to fill the vacancy caused by Gen. Hayes' death. FIFTY elevators belonging to the Northern Pacific Elevator company in North Dakota were attached on claims aggregating $400,000. FIRE destroyed a dozen buildings at Oshkosh, Wis., causing a loss of $200,000. OTHO STEVENS, Mrs. Emma Morrow and Luther W. Turner were drowned near Spring Valley, Minn. Their team plunged into Deer creek, upsetting the carriage. FIVE men were probably fatally injured in an explosion in a mine at Nieville, Pa. D.B. MONROE, leader of the miners the Coal Creek (Tenn.) war last August, in was sentenced at Clinton to the penitentiary for seven years. THE New Albany (Ind.) Banking liacompany suspended payments with bilities of $100,000. NEARLY the entire business portion of Fargo, N. D., was destroyed by fire, the loss being over $3,000,000, and six persons perished in the flames. The fire made a elean sweep twelve blocks long by five blocks wide. Over 3,000 persons were made homeless JOSEPH RATHBONE & Co., wholesale for lumber merchants in Chicago, failed $250,000. D. B. LOVEMAN, the heaviest retail dry goods dealer in Chattanooga, Tenn., failed for $150,000. AT the thirty-third annnal convention of the United States BrewWilliam A. of in ers' Chicago association president. Miles, The New York, was elected association represents capital to the amount of about $400,000,000. AN explosion of gasoline gas in the basement of Samuel Rezepper's grocery store in St. Louis injured sixteen persons, four fatally. to the failure of the private A. C. Robert at the Shell Lake savings bank Wis., OWING of Washburn, rasobliged bank, of which he is principal owner, to suspend. A CLOUDBURST at Hinton, W. Va. and vicinity did damage to the extent of $200,000. THE discussion of constitutional prohibition and the religious aspects world's of the cause closed the congress in temperance temperance Chicago THE anti-trust convention finished in Chicago after for the of labors lutions providing adopting with formation two naanti-trust association, an tional committees to prepare remedial legislation. JAMES D. NICHOLAS, aged 50, at one time owner of the Indianapolas Journal, took his own life with poison at Denver, Col. Whisky was the cause. fit of jealousy Dora A. Velzy shot killed W. G. Gray at then took her own in and ids, IN Mich.,and a Grand life Rapthe same manner. L.C. DUMAS, a young colored man, was lynched by a mob at Gleason, of a Tenn., for assaulting the daughter farmer. MEN and women whose official posi- for tions make their duty the caring in the public instituof the country con- in tions the unfortunate inaugurated corrections a gress of charities and Chicago. MARSDEN BELLAMY, of Wilmington C., was elected supreme dictator of the N. Knights of Honor at the annual meeting in Milwaukee. THE tabernacle choir of the Mormon church at Salt Lake City has decided fair send 250 members to the world's of in to September to compete for prizes $5,000 offered. NENRASKA dedicated her state building on the world's fair grounds with great enthusiasm. THE congress of vegetarians was opened in Chicago and papers setting forth the benefits to be obtained from abstention from the eating of flesh were read. FIVE prisoners escaped from the jail at Marietta, O., by locking the deputy in charge in a cell. JOSEPH G. DONNELLY, of Wisconsin, and Van Leer Polk, of Tennessee, have been appointed consuls general at Nuevo Laredo, Mexico, and Calcutta, India, respectively. G.C. Pray, aged 26, shot and killed Shirhis wife and then shot himself at ley, Me. Domestic trouble was the cause. THE Mobile & Ohio New Orleans press train was held up by six masked men at Forest Lawn, Ill., and the express car robbed of $10,000. WOODS and Jenkins of the States circuit court of the World's exthe United JUDGES gates Columbian decided that position should be closed on Sunday Judge Grosscup rendered a dissenting opinion. JOSIAH B. KENDALL, a real-estate dealer and broker in Boston, failed for $279,446. WORTHINGTON FORD, of Brooklyn, has been made chief of the bureau of statistics by Secretary Carlisle. A TERRIFIC windstorm swept Rice county, Minn., doing fully $50,000 damage. The village of Dundas suffered the most severely. LEE, of St. Louis, was elected of the association at the tive JOHN president A. Traveler's annual meeting Protecin Peoria, Ill.
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South and West. JOHN C. MINING, Town Treasurer of Fort Jennings, Ohio, has disappeared with $5000 cash, and an additional shortage of $10,000 has been discovered. WILD and unfounded rumors of impending financial disaster seaused a senseless run on many of the banks in Chicago. Those chiefly affected were the Prairie State National Bank, the State Bank of Commerce, the Hibernian Savings Bank, the Dime Savings Bank, the Union Trust Company's Bank and the Illinois Trust and Savings Bank. Meadoweroft Brothers, private bankers of Chicago, failed with liabilities estimated at $450000. THE Bank of Spokane, Washington, has failed. It is a private institution, owned by A. M. Cannon, who is reported to be worth $3,000,000. The Sandusky (Ohio) Savings Bank assigned, The Merchants' National Bank, of Fort Worth, Texas, capital $250,000, has failed. THE Infanta Eulalia reached Chicago from New York: much enthusiasm was shown by the crowds that lined the route from the railroad station to the hotel. A SKIFF containing Alexander McCloud and Robert Anderson was upset in a whirlpool at Boundary City, Wyoming. The men were drowned. SERGEANT O'LEARY, of the United States Army, was shot and mortally wounded by Private Roberts, in Fort Sherman, Idaho. Jealousy over promotion was the cause. THE New Albany (Ind.) Banking Company has suspended payment. MAYOR HARRISON. of Chicago, gave a breakfast and reception for the Infanta she was the guest of President Higinbotham, of the World's Fair Directory, in the evening. THE business portion of Fargo, North Da. kota, was destroyed by fire: 2200 people were rendered homeless. Loss, $2,000,000. FIRE broke out on Page street between Baker and Lyon streets. San Francisco, Cal., and in less than an hour a whole block had been totally consumed. Three firemen were instantly killed by falling walls. THE Princess Eulalia paid her first visit to the World's Fair, going to the grounds in the afternoon and again in the evening.