deb00842Full suspension, Books examined
Other: Attempts to reorganize/increase capital; stock subscription efforts; arrests for embezzlement after failure.
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BANK FAILS TO OPEN. Post the Customary Notice on the Door. Auburn, Ind., Jan. 14.-The Farmers' bank failed to open today. A notice posted on the doors promised that the bank would pay dollar for dollar. The bank had a capital of $45,000 and three months ago had $500,000 deposits, but the failure of the McClellan bank and other northern Indiana banks caused a steady run.
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FAILURE OF ANOTHER AUBURN STATE BANK Director of the Farmers' Bank Petitions for a Receiver, Following a Protracted Run. ASSETS AND LIABILITIES Special to the Indianapolis Journal. FORT WAYNE, Ind., Jan. 14.-The Farmers'\ Bank of Auburn, doing business under the Indiana law, did not open for business this morning and application was made by John Zimmerman, a director, for the appointment of a receiver. Judge Rose put the bank in the sheriff's hands and telegraphed the State bank examiner to take charge. No receiver will be appointed until the books are examined. The bank had a capital of $45,000; surplus, $31,000; deposits on certificate, $175,000; subject to check, $45,000; due a near-by bank, $5,000. The loans and discounts amount to $300,000 and cash and cash items $25,000. The president is Albert Robbins and the other larger stockholders are John C. Henry, A. C. Robbins, John Zimmerman and G. A. Bishop, who were the directors. Up to the time of the McClellan bank failure last May this bank had deposits of $450,000 and was paying 4 per cent. semiannually. That failure and some "knocking" by enemies started withdrawals amounting to half. J. D. Leighty, a St. Joe banker, subscribed for $30,000 of new stock and was to close the deal yesterday. For some reason he withdrew his offer at the stockholders' meeting yesterday afternoon, causing a run which only the closing hour stopped. The directors knew the run would begin again this morning and voted to close the doors. They say they had a contract with Leighty and will sue him for heavy damages. The American Trust and Savings Company was the Chicago correspondent.
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HOPES NOW A RECEIVER WILL NOT BE APPOINTED Auditor Sherrick Says Auburn Bank Did Not Fail-Confidence in Reorganizers Necessary. HAS SURPLUS OF $76,000 Auditor of State Sherrick returned yesterday from Auburn, where he has been investigating the affairs of the Farmers' Bank of Auburn, which closed its doors Jan. 14. In speaking of the bank last night, Mr. Sherrick said: "The bank did not fail. Owing to a run on the bank by the depositors, it was forced to close its doors. This was due to the fact that the bank had its money invested in securities on which money could not be realized immediately. An attempt was made to increase the capital stock of the bank from $45,000 to $75,000. Hearing this, the depositors, for some reason, became frightened, and the run on the bank began." To the Journal last night Mr. Sherrick issued the following statement concerning the bank: "It is to be earnestly hoped that the appointment of a receiver will not become necessary. A number of good citizens of Auburn and vicinity who enjoy the confidence of the community are interesting themselves in the re-organization of the bank and the State bank examiner and myself are giving the movement all the aid and encouragement we can. "The stock and surplus of the bank amount to $76,000, which the stockholders would surrender to the reorganizers. Should the questionable assets not exceed this amount and the examination thus far made does not reveal that they will the safety of the investment of the reorganizers would be guaranteed. No arrangement could be so fortunate for the depositors as the rehabilitation of this bank, officered by men of such integrity, capacity and responsibility as to restore the lost confidence of the people. As it now appears the depositors are reasonably assured of ultimately receiving dollar for dollar, but if satisfactory arrangements could be made with.them as to the time of payment of the deposits and the bank kept in active and successful operation they would doubtless receive their money much sooner than if they were forced to depend upon a receiver to convert the invested assets into cash. "It will take a few days for the State bank examiner to complete the exhaustive examination he is making. In the meantitme the citizens interested in the reorganization will have an opportunity to see what they can do before the receiver is appointed if such a step should become necessary."
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AUBURN VERY MUCH EXCITED Farmers' Bank Closes Its Doors, but the Cashier Declares It Can Pay All Its Debts. Auburn, Ind., Jan. 15.-The Farmers' bank, of Auburn, has closed its doors and the community, scarcely reconciled from the terri, le loss of the McClellan banks only a few months ago, was thrown in 0 a fever of excitement. All business is at a standstill. A few days ago it was announced that the Farmers' bank would be reorganized and its capital stock increased from $45,000 to $75,000. At a business meeting of the stockholders the project to increase the capItal fell through. The meeting continued all night, but every method suggested to reconcile matters was of no avail. Fearing that the news of the failure to increase the capital stock would come to the knowledge of the public and cause a run on the bank, the doors were not opened, and a notice was posted announcing that a receiver had been asked for. In a statement to the court A. C. Robbins, the cashier, reported that the deposits amounted to about $225,000, and that there is about $50,000 in cash on hand. He also asserted that the bank is fully $100,000 to the good.
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Banking. A run on the Superior (Wis.) First National bank continued by savings depositors till $325,000 had been withdrawn. The Farmers' bank of Auburn (Ind.) was closed through fear of a run. Its liabilities are $25,000 and assets $50,000.
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DOMESTIC. A run on the Superior (Wis.) First National bank was continued by savings depositors till $325,000 had been withdrawn. A new picketing method has been devised by the Chicago Federation of Labor to force nonunion men to join or leave the city; abuse of family to be tried. Tieup of navigation decided on by Lake Carriers' association at its Detroit (Mich.) convention, to check demands of unions. The remains of Gen. John B. Gordon, the south's last great figure of the civil war, were buried in Oakland cemetery in Atlanta, Ga. Carriages for use at funerals are hard to get in Chicago owing to the revival of the strike by livery drivers. Hearses'are not to be interfered with. A negro named Elmore Moseley was lynched by a mob of negroes in Sussex county, Va., after being acquitted in a trial for murder. As a result of drinking ginger ale flavored with lemon extract three men died from poisoning at Alexander, Ark. Amendments and objections led the Chicago council to postpone action on the revised building code and to deny to the theaters the privilege of reopening under restrictions. The Farmers' bank at Auburn, Ind., failed to open its doors and a notice posted on the doors promised that the bank would pay out dollar for dollar. Jumbo Clark, a negro, was lynched at High Springs, Fla., for attacking a white girl. The annual dinner of the diplomatic corps was given at the white house by President and Mrs. Roosevelt. Governor Cummins, of Iowa, in his address following his second inauguration argued for revision of the tariff and for reciprocity with Canada. Fire at Havre, Mont., eaused a loss of $400,000 and left many persons homeless. Sixteen churches in Chicago have been closed for violations of the building law. Fire Chief Musham, testifying before the Iroquois horror inquest in Chicago, admitted that he had little knowledge of the laws governing public safety, but sought to shield himself by saying that responsibility rested with the building department. Ex-President and Mrs. Cleveland gave out a statement expressing gratitude for the sympathy conveyed to them on the death of their eldest daughter, Ruth.
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signs along railroad lines is recommended by Gov. Murphy in his message to the New Jersey legislature. A run on the Superior (Wis.) First National bank was continued by savings depositors till $325,000 had been withdrawn. An American "group," to be affiliated with the interparliamentary union for international arbitration, has been organized in congress. Mayor Harrison testified at the Iroquois inquest in Chicago, saying he feared public opinion would not sustain him in closing the theaters at the time when he first became aware they were violating the law. John S. Cooper's horse sale pavilion and mule stables were burned at Omaha, and eight horses perished. Robbers blew open the safe of the bank at Goff, Kan., secured $3,000 and escaped. Edwin Warfield was inaugurated as governor of Maryland. Fire destroyed the jail at Pratt City, Ala., and Jack Kelly (white) and four unidentified negroes were burned to death. Formal confession was made by Charles M. Schwab in a New York court that the ship-building trust was hopelessly bankrupt. An inspection of churches and schools in Chicago showed a few not properly equipped and the South Congregational church was closed. Rather than risk wrecks the Northwestern railway ordered that no train shall run at more than schedule speed, no matter how late it may be. Ten persons fell down an elevator shaft in a building in St. Louis and eight were killed. An open switch caused a collision between trains on the Southern railroad at New Baden, III., and Fireman Mixon was killed and Engineer William Knight probably fatally hurt. The Virginia legislature convened in Richmond. Mrs. James A. Carothers, of Pontiac, Ill., received by express a legacy of $380,000, being her share of the estate of an uncle who died in Paris. A new picketing method has been devised by the Chicago Federation of Labor to force nonunion men to join or leave the city; abuse of family to be tried. Tieup of navigation decided on by Lake Carriers' association at Its Detroit (Mich.) convention, to check demands of unions. The remains of Gen. John B. Gordon, the south's last great figure of the civil war, were buried in Oakland cemetery in Atlanta, Ga. Carriages for use at funerals are hard to get in Chicago owing to the revival of the strike by livery drivers. Hearses are not to be interfered with. A negro named Elmore Moseley was lynched by a mob of negroes in Sussex county, Va., after being acquitted in a trial for murder. As a result of drinking ginger ale flavored with lemon extract three men died from poisoning at Alexander, Ark. Amendments and objections led the Chicago council to postpone action on the revised building code and to deny to the theaters the privilege of reopening under restrictions. The Farmers' bank at Auburn, Ind., failed to open its doors and a notice posted on the doors promised that the bank would pay out dollar for dollar. Jumbo Clark, a negro, was lynched at High Springs, Fla., for attacking a white girl. The annual dinner of the diplomatic corps was given at the white house by President and Mrs. Roosevelt. Governor Cummins, of Iowa, in his address following his second inauguration argued for revision of the tariff and for reciprocity with Canada. Fire at Havre, Mont., caused a loss of $400,000 and left many persons homeless. Sixteen churches in Chicago have been closed for violations of the building law. "Butch" Riley, a negro who killed C. C. McMillan near Tallulah, Miss., was lynched by a mob.
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ed by Gov. Murphy in his message to the New Jersey legislature. A run on the Superior (Wis.) First National bank was continued by savings depositors till $325,000 had been withdrawn. An American "group," to be affiliated with the interparliamentary union for international arbitration, has been organized in congress. Mayor Harrison testified at the Iroquois inquest in Chicago, saying he feared public opinion would not sustain him in closing the theaters at the time when he first became aware they were violating the law. John S. Cooper's horse sale pavilion and mule stables were burned at Omaha, and eight horses perished. Robbers blew open the safe of the bank at Goff, Kan., secured $3,000 and escaped. Edwin Warfield was inaugurated as governor of Maryland. Fire destroyed the jail at Pratt City, Ala., and Jack Kelly (white) and four unidentified negroes were burned to death. Formal confession was made by Charles M. Schwab in a New York court that the ship-building trust was hopelessly bankrupt. An inspection of churches and schools in Chicago showed a few not properly equipped and the South Congregational church was closed. Rather than risk wrecks the Northwestern railway ordered that no train shall run at more than schedule speed, no matter how late it may be. Ten persons fell down an elevator shaft in a building in St. Louis and eight were killed. An open switch caused a collision between trains on the Southern railroad at New Baden, III., and Fireman Mixon was killed and Engineer William Knight probably fatally hurt. The Virginia legislature convened in Richmond. Mrs. James A. Carothers, of Pontiac, Ill., received by express a legacy of $380,000, being her share of the estate of an uncle who died in Paris. A new picketing method has been devised by the Chicago Federation of Labor to force nonunion men to join or leave the city; abuse of family to be tried. Tieup of navigation decided on by Lake Carriers' association at its Detroit (Mich.) convention, to check demands of unions. The remains of Gen. John B. Gordon, the south's last great figure of the civil war, were buried in Oakland cemetery in Atlanta, Ga. Carriages for use at funerals are hard to get in Chicago owing to the revival of the strike by livery drivers. Hearses are not to be interfered with. A negro named Elmore Moseley was lynched by a mob of negroes in Sussex county, Va., after being acquitted in a trial for murder. As a result of drinking ginger ale flavored with lemon extract three men died from poisoning at Alexander, Ark. Amendments and objections led the Chicago council to postpone action on the revised building code and to deny to the theaters the privilege of reopening under restrictions. The Farmers' bank at Auburn, Ind., failed to open its doors and a notice posted on the doors promised that the bank would pay out dollar for dollar. Jumbo Clark, a negro, was lynched at High Springs, Fla., for attacking a white girl. The annual dinner of the
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PETITION FOR RECEIVER FOR A WATERLOO BANK Efforts to Reorganize a Suspended Institution Fail, and Its Collapse Is Complete. MONEYED MEN FEARFUL Special to the Indianapolis Journal. WATERLOO, Ind., Feb. 13.-State Bank Examiner Hinshaw made application this morning in the De Kalb Circuit Court for a receiver for the Farmers' Bank of Auburn. When the Farmers' Bank closed, on the 14th day of last month, the State bank examiner and also State Auditor Sherrick came to Auburn and began an investigation. After ten days' work on the books they made a report that was very satisfactory to the owners of the bank, as well as to many of the depositors. The State bank examiner had determined that the proper thing for the depositors of the bank to do was to reorganize the bank by subscribing stock, and allowing their deposits to remain in the bank as so much stock. The capital of the bank was $45,000, and to reorganize the bank and have a working capital it would be necessary to secure $35,000 additional stock among the depositors, who would keep that much stock in the bank of their deposits, and in addition to this $20,000 must be secured to have a cash surplus to go on. Committees were appointed and all had worked hard for the past two or three weeks to secure the additional capital stock. Many of the depositors did not like to take any stock in the bank, as it would obligate them to twice the amount in case the bank did not pull through the crisis. Other obstacles came up and the bank is forced to the wall to rise no more. With it must go two or more factories unless these institutions can secure capital from other sources.
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RECEIVER FOR MODEL GAS ENGINE COMPANY Special to the Indianapolis Journal. AUBURN, Ind., March 4.-Norman E. Jackman, receiver for the Farmers' Bank, to-day filed a petition in the Circuit Court praying for the appointment of a receiver for the Model Gas Engine Company, of this city. This concern is indebted to the bank for $85,000 and owes other banks in Ohio and Indiana $27,000, with assets of $192,000. The receiver will be appointed in the morning.
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Receiver for a Buggy Company. Auburn, Ind., March 5.-W. H. Rakestraw has been appointed receiver of the Modern Buggy company, which was organized two years ago with a capital of $56,500. The failure is the result of the recent failure of the Farmers' bank. No statement of liabilities is given.
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Bank Crash Follows Run by Depositors CAPITAL NATIONAL OF GUTHRIE FORCED TO CLOSE ITS DOORS PRESIDENT SAYS ALL DEBTS WILL BE PAID. Cashier Farmers' Bank of Auburn Arrested For Embezzlement-Another Cashier Who Skipped is Arrested at St. Joseph, Mo. Guthrie, Okla, April 8.-Shrinkage in deposits of more than $500,000 in the past month, followed by a run of frightened depositors, caused the failare of the Capital National bank of this city today. The bank was weathering the storm this morning, and had paid out $100,000 to depositors, when a report gained circulation that the institution was about to go under. With the spread of the rumor the number of frightened depositors increased, and the bank was forced to close its doors. National Bank Examiner Myron R. Sturtevant will take charge tomorrow. President C. E. Billingsley tonight issued a statement that the bank was solvent and the depositers would be paid in full. He declares that a deal is under way whereby the assets of the institution will be sold and all obligations met. The assets are $1,255,000, while the deposits total $1,033,000. The directors indorse Mr. Billingsley's statement. Although the depositors will be paid in full the stockholders will lose heavily. The suspension was caused indirectly by the failure of the Holdenville National bank last week, of which Mr. Billingsley was president. Fort Wayne, Ind., April 8.-Albert Robbins, president, and Edward Robbins cashier, of the defunct Farmers' bank of Auburn, were arrested today charged with having received money after the bank had become insolvent. They were brought at once before Justice of the Peace Walters, and were bound over to the circuit court in bonds of $5,000 each. Their troubles are due to speculation in business enterprises started with money belonging to the bank and borrowed without ade,uate security. Other prosecutions are threatened, and the grand jury will take up the cases. Cleveland, April 8.-A telegram was received today by Chief of Police Kohler from St. Joseph, Mo., announcing that George C. Clewell, the missing secretary and treasurer of the recently asigned Federal Trust company of Cleveland, had been arrested there The charge against Clewell was a shortage of $10,000 in his accounts with the Federal Trust company. The warrant for his arrest had been sworn out by J. C. Gllchrist, the president of that company, and it was placed in the hands of the Bankers' Surety company, which was on Clewell's bond in the sum of $10,000. It had been arranged some time ago that the Guardian Trust and the Federal Trust company were to combine their business, the latter company to be absorbed, but rumors of rregularities in the accounts of the Federal company made an assignment necessary before the program for the consolidation could be carried out The Guardian Trust company has as sumed all the business of the Federal company, and, other than the disappearance of Clewell the merger has been regarded 00 a closed incident.
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NEWS IN SHORT ORDER. The Latest Happenings Condensed for Rapid Reading. Domestic. Vice Chancellor Bargen signed an order in New Jersey to show cause why an injunction should not issue to restrain the Northern Securities Company from holding a stockholders' meeting. Work at the Bay State Mills of the American Woolen Company, in Lowell, Mass., was suspended, the company ordering a shutdown for an indefinite period. This effects 700 hands. Miss Jennie Gray, daughter of Col. James R. Gray, editor of the Atlanta Journal, was married in Atlanta, Ga., to Capt. Earle D'Arcy Pearce, of the United States Army. A quarrel over a girl, their companion at school, culminated in the killing of a 16-year-old boy by another in Chicago. For half an hour traffic on Lower Broadway was blocked by a small fire in the new subway in New York. John Cleves Short Harrison, grandson of President William Henry Harrison, died at Los Angelese, Cal. Edward and Jacob Hammond, brothers, and Oscar Sigertsen were asphyxiated by gas in Philadelphia. Five persons are dead and another is dying as the result of a fire in Mount Vernon, N. Y. The Exchange Bank of Dow City and the Bank of Buck Grove, Ia., have failed. The police raided the offices of the Pacific Underwriting and Trust Company and the Imperial Trust Company, in Chicago, and arrested those in charge on the charge of swindling. Sixty-three Indians were wrecked in a train east-bound near Maywood, III. Three were instantly killed, 3 were fatally injured and 20 others were more or less seriously hurt. The National Cotton Spinners Association at Boston adopted resolutions favoring an eight-hour day, antiinjunction laws and a better system of factory inspection. In an amended bill in the United States Circuit Court at St. Louis an insurance company which is resisting the payment of policies for $200,000 on the life of James L. Blair, who was vice general counsel of the World's Fair, charges that Blair obtained the policies by fraud. Advices from Nome, Alaska, say that the spring cleanup of gold on the Nome Peninsula will be greatly in excess of any previous season. Conservative estimates place the cleanup at $1,250,000. Smuel W. McCall and Charles F. Choate, Jr., were appointed receivers for the Union Trust Company in Boston. The company's liabilities are placed at $1,600,000. Albert Robbins and Edward L. Robbins, president and cashier, respectively, of the defunct Farmers' Bank at Auburn, Ind., were arrested for embezzlement. The retention of 35 Greek strikebreakers at the plant of the American Car Company, in Chicago, caused a rumpus there and the Greeks were driven out. The nail department of the American Steel and Wire Company's plant at Rankin, near Pittsburg, was burned down, causing a loss of $175,000. As the result of playing with powder, three boys were fatally injured in Salt Lake, Utah, and one crippled for life.
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Brief State Items. The Rev. L. C. Howe has announced his acceptance of a call to the Christian church at Newcastle. W. A. Killen, assistant superintendent of the Prudential Insurance Company of Elkhart, is mysteriously missing. Charles F. Dimmitt, farmer, near Kokomo, was robbed of fifty turkeys, ready for the market, valued at $150. Surveyors for the proposed South Bend and Logansport electric railway have commenced work out of South Bend. William J. Hedrick was perhaps fatally injured by falling down a hay mow on the farm of Jacob Retherford at Columbus. Hon. Lou W. Vail of Goshen, was seriously injured by falling into the basement of the State Bank building of that city. Everett Haymand, representative-elect S! which III9 e SI Shelly JO intended to strengthen the Nicholson law. Justice Whistler at Goshen, has issued an order to Sheriff Manning to destroy a $150 slot machine seized in a saloon there. The contract for the new Methodist Episcopal Church at Pendleton, has been let to Charles Silver. The church will cost '000'91$ A Summitville undertaker, in order to stimulate business, is organizing burial associations, offering a $100 burial for a monthly payment of 15 cents. The body of Adolphus Bailey, 13 years of age, was found cut in twain along the Panhandle Railway tracks near Ridgeville. The boy had been jumping upon trains. The little son of Louis Placke of Dillsboro, who fell.backward into a bucket of scalding water while playing in the yard at home, has died as a result of his, burns. Mrs. Grant Jenkins of Petersburg, who has been totally blind since 1903, regained her eyesight, after having been told by oculists that the optic nerves were totally gone. Dennis Selby, R Roumanian, who was employed on the Big Four construction works, near Sunman, was struck by a fast train white on his way to work and was instantly killed. *** Mrs. Mary E. Johnson, widow, of Koшолу 009'1$ 09 secking sp 'omor John T. Keaton, alleging breach of promise. 'It is the first case of this kind in the Howard courts for fife years. Mrs. Margaret Orawford of Rushville, celebrated the eighty-seventh anniversary pue hearth pood up:81 74)-49 her JO reads without glasses, She has lived in Rush County eighty years. W.M. Patterson, approminent real estate dealer, residing at Morristown, poured kerbsene into an airtight'stove. There " ere a few coals in the stoverand an explosion resulted. His face washadly burned. Mrs. John F, Roderfer, of Elwood, has entered suit in the Circuit Court to replevin a policy issued on the'life of her husband for $5,000, which he had deposited with the First National Bank as collateral security. The jury in the case of Andrew J. Baker, charged with the murder of Fred Kiser of Elwood, over a year ago, after being out twenty-two hours, returned a verdict of not guilty and Judge Christian at once discharged the defendant. James Oldfield, aged 85, of Alexandria, has tended a corn crop every year for seventy-six years, raising this year eighteen acres. He says in all his experience he has never seen corn in as bad a condition to gather as this year. Receiver Jackman of the Farmers' Bank of Auburn, expects to pay another dividend in December of 15 per cent., making 40 per cent. thus far, and then the clearing-up process, which may make the entire payment close to fifty cents on the dollar. A forest fire was discovered in the woods on the Benjamin Rogers farm, near Pendleton. Farmers responded to the call for help, and not until midnight were the flames under control. Sixty acres of timFenes JO spor 200 pue SI berland lie in ruins. Fred Karasch, employed in the Lake Shore boiler shops at Elkhart, returned home from work to find his wife, daughter and three sons overcome by coal gas. The victims narrowly escaped death and the daughter did not regain consciousness for hours. XIS Mrs. Walter Tyner of Petersburg, has brought suit for $5,000 damages against Mrs. Viola Dearing, alleging that the defendant has alienated the affections of her husband. Mr. Tyner is county coroner and secretary of the county Republican committee. Mrs. Mary Thicksten of Seymour, went to Columbus to attend the funeral of her sister, Mrs. Permelia Gooden. While the funeral services were in progress she received a telegram that her husband was in a dying condition and asking her to come home at once. Major General James R. Carnahan of the Uniform Rank, Knights of Pythias, is declared innocent of the charges of showing favoritism in the awarding of drill prizes at the Louisville conclave last August in the report of the court of inquiry which was made public at Indianapolis. A woman's physical culture class has been organized in Franklin, with Mrs. Luther Short, president; Mrs. E. C. Miller, vicepresident; Mrs. O.L. Jones, secretary; Mrs. Lola Allen, Treasurer; Mrs. E. E. Jefferey, physical director; Miss Emma Ogle, assistant, and Mrs. W. L. Goodacre, coach. Roy Kernan, aged 5 years, accidentally shot his father, John Kernan of Hammond, with a revolver. Kernan laid his revolver on a chair while he washed his hands and the child playfully pointed it at hin: while his back was turned. Kernan was shot in the head. He may recover. The three-story building occupied by the W. H. Small Grain Company at Evansville, collapsed under the weight of grain stored therein, and five persons were buried in the debris. These included W. H. Small, president of the company, with four female em-
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Business Failures Jan. 14-Auburn (Ind.) Farmers' bank. 16-Mt. Ayr (la.) Citizens' bank; $450,000. 2-Cleveland (0.) Produce Exchange bank and branches at Belford, Hudson and Defiance. 23-Elkhart (Ind.) Nat. bank. 30-New York, A. B. Baxter & Co., cotton brokers; $2,000,000, Feb. 2-New Orleans, Kirby Lumber Co. and Houston Oil Co Clarksburg (W. Va.) Traders' Nat. bank. )-McGruder (Tex.) Citizens' Nat. bank. 10-New York Equitable Nat. bank Bank of Dunn, N. C. II-Syracuse (N. Y.) Exchange Nat. bank; 15-Pella $500,000. (la.) Savings bank. Tanton &-Opelika (Ala.) bank; $150,000 (Mass.) bank; $600,000. Mar. 2-Le Sueur (Minn.) bank; $95,000. II-Garden Grove and Coin (la.) banks. 18-Daniel Sully, New York cotton king; 21-Lonaconing $17,000,000. (Md.) Savings bank. 22-Riverside (Cal.) bank E. O. Miller, banker, Providence, la National bank of Holdeny Ind. T., suspends opera81-Union tions. Trust, Boston; $1,600,000 Federal Trust, Cleveland; $1,000,000. Apr. 4-Capital Nat. bank, Guthrie, Okla.; $1,033,000 W. B. Mack, New York.
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Business Failures Jan. 14-Auburn (Ind.) Farmers' bank. 16-Mt. Ayr (la.) Citizens' bank; $450,000. 22-Cleveland (0.) Produce Exchange bank and branches at Belford, Hudson and Defiance. 23-Elkhart (Ind.) Nat. bank. 80-New York, A. B. Baxter & Co., cotton brokers; $2,000,000. Feb. 2-New Orleans, Kirby Lumber Co. and Houston Oil Co. Clarksburg (W. Va.) Traders' Nat, bank. 9--McGruder (Tex.) Citizens' Nat. bank. 10-New York Equitable Nat. bank Bank of Dunn, N. C. 11-Syracuse (N. Y.) Exchange Nat. bank; $500,000. 15-Pella (Ia.) Savings bank. 28-Opelika (Ala.) bank; $150,000 Tanton (Mass.) bank; $600,000. Mar. 2-Le Sueur (Minn.) bank; $95,000. 11-Garden Grove and Coin (Ia.) banks. 18-Daniel Sully, New York cotton king; $17,000,000. 2i-Lonaconing (Md.) Savings bank. 22-Riverside (Cal.) bank....E. O. Miller, banker, Providence, la National bank of Holdenville, Ind. T., suspends operations. 81-Union Trust, Boston: $1,600,000...Federal Trust. Cleveland; $1,000,000.
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Business Failures Jan. 14-Auburn (Ind.) Farmers' bank. 16-Mt. Ayr (Ia.) Citizens' bank; $450,000. 22-Cleveland (0.) Produce Exchange bank and branches st Belford, Hudson and Defiance. 23-Elkhart (Ind.) Nat. bank. 30-New York, A. B. Baxter & Co., cotton brokers; $2,000,000. Feb. 2-New Orleans, Kirby Lumber Co. and Houston Oil Co Clarksburg (W. Va.) Traders' Nat. bank. 1-McGruder (Tex.) Citizens' Nat. bank. Id-New York Equitable Nat. bank Bank of Dunn, N. C. 11-Syracuse (N. Y.) Exchange Nat. bank; $500,000. 15-Pella (Ia.) Savings bank. 28-Opelika (Ala.) bank; $150,000 Tanton (Mass.) bank; $600,000. Mar. 2-Le Sueur (Minn.) bank; $95,000. 11-Garden Grove and Coin (Ia.) banks. 18-Daniel Sully, New York cotton king; 21-Lonaconing $17,000,000. (Md.) Savings bank. 22-Riverside (Cal.) bank E. O. Miller, banker, Providence, Ia National bank of Holdenville, Ind. T., suspends operaHons. 1-Union Trust, Boston; $1,600,000 Federal Trust, Cleveland; $1,000,000. Apr. 4--Capital Nat. bank, Guthrie, Okla.; $1,033,000 W. B. Mack, New York.