5454. Bedford Bank (Bedford, IN)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
state
Start Date
June 6, 1893
Location
Bedford, Indiana (38.861, -86.487)

Metadata

Model
gpt-5-mini
Short Digest
ebe7fd78

Response Measures

Full suspension

Description

Contemporary articles report a run/heavy withdrawals tied to the wider Chicago panic (systemic runs), followed by suspension (June 6–7, 1893). An assignment/assignee (receiver) was appointed (reported June 8), indicating the bank did not simply reopen but moved into assignment/closure.

Events (3)

1. June 6, 1893 Run
Cause
Macro News
Cause Details
Heavy withdrawals by depositors triggered by runs and panic spreading from Chicago banks (systemic/national panic).
Measures
Depositors were promised to receive full value for every dollar; bank indicated temporary suspension for a few days.
Newspaper Excerpt
The Bedford Bank this morning closed its doors. The president claims that owing to an unprecedented heavy run on the Chicago banks yesterday, which had promised assistance, the bank was forced to suspend.
Source
newspapers
2. June 7, 1893 Suspension
Cause
Macro News
Cause Details
Suspension explicitly attributed to the run/withdrawals connected to the Chicago banking panic.
Newspaper Excerpt
BEDFORD, IND., June 7.-The Bedford Bank suspended yesterday.
Source
newspapers
3. June 8, 1893 Receivership
Newspaper Excerpt
An assignment was made yesterday, and Robert Palmer was appointed assignee. The exact situation as to the amount involved cannot be ascertained.
Source
newspapers

Newspaper Articles (14)

Article from The Indianapolis Journal, June 7, 1893

Click image to open full size in new tab

Article Text

know nothing of his whereabouts. 1218 stated that he left his business affairs in bad condition. His property has been attached in a suit brought by Mrs. Charlotte Baker to recover $12,000 given to Mr. Merrill to urchase shares of stock for her. but since that time he has failed to turn them over to her. Other attachments are: Sarah A. Cohen. $40,000; Hepsebeth Fenton, $5,000; Susan D. B. Webber, $10,000; Robert M. Morse, $25,000; Lucia A. D. Long, $100,000. John F. Hooper. Mr. Merrill's private secretary, said to-day that Mr. Merrill had gone away for rest, on the advice of a physician. His financial affairs, his secretary says, are in good condition. and all claims against him will be promptly paid when he returns. Winthorp M. Merrill said to-day: "1 think it would be safe to estimate that after all my father's liabilities are met he would be worth from $100,000 to $200,000." Three More Spokane Banks Closed. SPOKANE, Wash., June 6.-As a result of the suspension of the Pank of Spokane Falls yesterday, three other banks in this city closed their doors to-day. They are the Washington National, the Washington Savings and the Citizens' National. A. M. Cannon, president of the Bank of Spokane Falls, is vice president of both the Washington National and Washington Savings Bank and the failure is due directly to the failure of the Bank of Spokane Falls. There great excitement during the run occurred on day and was a Washington nearly every Nabank in the city. The tional has a paid-up capital of $100,000, and according to a recent statement has deto $326,000. posits amounting The capital Wash- of 1D g ton Savings has a paid-up $50,000 and deposits of $100,000. The Citiof $150,000 and to about zens' deposits National amounting has a capital $400,000. It is believed all the banks are perfectly solvent and will resume in a few days. The Palonse City Bank of Palouse City, also closed its doors to-day. Bedford Bank Forced to Suspend. Special to the Indianapolis Journal BEDFORD, Ind., June 6.-The Bedford Bank this morning closed its doors. The president claims that owing to an unprecedented heavy run on the Chicago banks yesterday, which had promised assistance, the bank was forced to suspend. Depositors are promised to receive full value for every dollar. The bank 18 one of the oldest in the State. The exact amount of deposits 18 not known at present, but are supposed to be large. Packing House Attached. WICHITA, Kan., June 6.-The Laclede and Third National Banks, of St. Louis, and the Bank of Commerce, of Kansas City, to-day sued out attachments for $50.000 and $25,000, and $50,000, respectively, against the Francis Whittaker & Sone house. Late this evening N. packing of the property. The sheriff is in possession W. Levy, president of the Wichita National Bank, was appointed receiver. The plant here is valued at $200,000. Assignment of New England Publishers. BOSTON, June 5.-Potter & Potter, publishers of the New England Magazine, the Yankee Blade, the Woman's Home Journal, the American Vehicle and the Amesbury, have assigned to W. J. Clark, of this city. Isaac J. Potter said that the New England Magazine had broken the firm. and that the other publications were in good condition. The liabilities are between $75,000 and $100,000. A Wisconsin Bank Suspends. Lane The State


Article from Asheville Daily Citizen, June 7, 1893

Click image to open full size in new tab

Article Text

EARLY BIRD DEPOSITORS A LONG RUN ON A CHICAGO BANK. The Doors Kept Open Till 2 a m. To Pay Ont Money To Depositors-The Fever Spreads To Other Banks. CHICAGO, ILLS., June 7.-It was uot until after two o'clock yesterday morning that the Illinois trust and saving banks closed its doors after paying the last depositor that remained in line at that hour. This performance, it is said, broke the record, it being the first time in this country, so far as is known that a bank has remained open after midnight in order to meet a run. As early as 7 o'clock, however, another batch of depositors bad made their appearance, and they lounged against the walls or sat on the curbstone awaiting the regular hour for opening. At the Bank of Commerce, farther up the street, as well as at the Dime Savings bank, the Union Trust,aud the Hibernian bank the same scenes were being enacted. By ten o'clock it was apparent that Monday's experiences would be repeated at each institution. At some of them there were double lines of depositors extending for a couple of blocks. Another large crowd (extended out into the middle of the street and those composing it pushed their way inside as best they could. Officers of all the institutions insisted that they were able to weather the storm and with the exception of the Dime Sayings bank, not one has so far found it necessary to enforce even the thirty days' notice rule, while this latter institution is paying from 20 to 80 per cent. in cash, according to the needs of the various applicants and requiring only the usual thirty days' notice for the remainder. At the various national banks it is said that the Illinois Trust, which has savings deposits subject to notice, to a total of $10,500,000 and individual deposits subject to check of $7,500,000 more, is as sound as the Bank of England, and the officers of the institution say that they can pay off every depositor in the savings branch and still haye several millions left for an emergency. Joseph Rathbone & Co., lumber dealers. made a voluntary assignment this morning. Assets scheduled at $500,000; liabilities at $250,000. KALAMAZOO, Mich., June 7.-The Winans-Pratt Carriage company made an assignment yesterday. BEATRICE, Neb., June 7.-The State bank at Cortant, this county, closed vesterday. It was a small bank. DALLAS, Tex., June 7.-The Times Herald, the only afternoon newspaper in the city, was sold at receiver's sales yesterday to Dr. c. M. Rasser for $16,000. The paper was anti-Cleveland and for free silver. It will be continued as a Democratic daily. SPOKANE, Wash., June 7.-The Washington National bank and its adjunct, the Washington Savings bank, closed their doors yesterday. Both have plenty of assets. BEDFORD, IND., June 7.-The Bedford bank suspended yesterday.


Article from The Daily Morning Astorian, June 7, 1893

Click image to open full size in new tab

Article Text

almost antirely subsided, but rener came too late for the Citizens' National, which closed its doors at 2 o'clock. Other banks stood the strain with no visible signs of weakening, and since they have been strengthening themselves, the worst of the flurry is believed to be over. It is generally believed that there will be no more suspensions. The officers of the Citizens' National are E. B. Hyde, president; B. C. Van Houten, vice president; A. A. Newberry, cashier. Congressman John L. Wilson, was a heavy stockholder. Mr. Hyde said tonlight that this bank would pay every depositor in full, and that enough would remain to hold the stock at a premium. The deposits at the time of suspension were slightly in excess of $200,000. while against this the bank has more than $400,000 in bills receivable. The officers of the Washington National are Henry L. Tilton, president; A. M. Cannon, vice president; F. E. Goodall, cashier. Mr. Goodall said that they would pay everything in full, and that the bank's assets are largely in excess of its liabilities. Deflance, Ohio, June 6.-The doors of the Deflance Savings Bank were closed yesterday afternoon. just before the close of business. Many of the stockholders did not know that such a step was in contemplation. The bank is the youngest in town. The assets net less than $150,000, and the liabilities are stated at $100,000. The failure is attributed to large loans made by the bank, which ties up some $127,000, leaving them too narrow a working capital. Bedford, Ind., June 6.-The community was startled this morning when the Bedford Bank failed to open its : doors. President W. J. Stanley explained that in consequence of the rey cent heavy withdrawals of deposits, $ the bank would be forced to suspend 1 for a few days. It is one of the oldest 5 and most reliable banks in the city. I Manitowoc,* Wis., June 6.-The State S bank in this city has failed. It had a capital of $50,000; surplus, $10,000. The I Manitowoc Savings bank is now experliencing a slight run. Reports from Racine say the run in progress on the Manufacturers' National bank at Madison, and the run on the First National, e have increased. Boston, June 6.-Potter & Potter, t < publishers of the New England Magazine, Yankee Blade, Woman's Home Journal, and other periodicals, have 1 made an assignment. Liabilities, $75,e 000 to $100,000. The firm may resume. S The failure is due to a losing business r e on the New England Magazine. r Spokane, June 6.-At 2 o'clock the I Citizens' National Bank closed its doors. It is impossible to get reliable S information. It is reported here on aph parently reliable authority that the t Palouse City Bank has also suspended. S New York, June 6.-A notice on e the door of the defunct Canal Street bank this morning informed a clamorh ing crowd of depositors that the bank k will go into liquidation, and that the , depositors will be paid in full. t Philadelphia, June 6.-Samuel A. n Prince, owner of the marble works e here and quarries in Ruthland, Vt., failed. Liabilities, $100,000. The noma inal assets are a quarter of a million. e t Portland, June 6.-The Virtue Mino ing Company assigned today Assets r $20,000; liabilities, $16,000.


Article from The Portland Daily Press, June 8, 1893

Click image to open full size in new tab

Article Text

MADE A DEED OF TRUST. Holder of Bank Stock Thus Aids Frightened Depositors. 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 on the Bedford Bank of Bedford, Ind., yesterday, which forced it to close. W. L. Breyfogle, one of the principal stockholders, executed a deed of trust for $300,000 worth of unencumbered real estate in Chicago for the benefit of the depositors of the two banks here. It 18 claimed the assets are $212,000, and the liabilities only $100,000. The depositors will be paid 100 cents on a dollar. Two Big Concerns in Trouble. MINNEAPOLIS, Minn., June 7.-Two of the best known elevator companies in the Northwest, the Northern Pacific and the Red River Valley, are financially embarrassed. The capital stock of the Northern Pacific elevator Company is $650,000, and of the Red River Valley Company $230,000. Both concerns are controlled largely by the same men. The trouble is attributed to the prevailing uncertainty and lack of confidence felt by the banks.


Article from The Wheeling Daily Intelligencer, June 8, 1893

Click image to open full size in new tab

Article Text

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.


Article from The Times, June 8, 1893

Click image to open full size in new tab

Article Text

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.


Article from The Times, June 8, 1893

Click image to open full size in new tab

Article Text

Receiver for a Hotel Company. CHATTANOOGA, TENN., June 7.-The attorneys representing the Columbia Finance and Trust Company of Louisville, who are trustees under the bondholders and acting in sympathy with the latter, asked Judge Key this morning to name a receiver for the Cumberland Gap Hotel Company, the most important part of the property being Four Seasons Hotel at Harrogate, which has been a resort of New York fashionable people. The applicants for a receivership claim that the appointment was asked merely for the purpose of reorganization. The management remains the same and no change is to be made in the conduet of the hotel. Mr. Lionel Graham, president of the hotel company, is named as receiver. The liabilities are, with the exception of an insignificant amount, the bonded indebtedness of the company$350,000. The assets, conservatively estimated, are $750,000. Small Business Failures. KALAMAZOO, MICH., June 7.-The Winans-Pratt Carriage Company made an assignment yesterday. Liabilities and assets unknown. BEATRICE, NEB June 7.-The State Bank at Cortland closed yesterday. It is a small institution. CHICAGO, ILL., June 7.-Joseph Rathbone & Co., lumber dealers, made a voluntary assignment this morning. The assets are scheduled at $500,000, and the possession of the company's property. The firm is composed of Joseph Rathbone and Morton Butler. Inability to realize on commercial paper is given as the cause of the assignment. BEDFORD, IND., June 7.-The Bedford Bank suspended yesterday. Currency for Chicago and the West. NEW YORK, June 7.-Over $1,000,000 in currency was shipped to-day by New York banks to Chicago. Demands from banks in Cincinnati, Cleveland and other parts of the West brought the total shipments up to $1,500,000. Application was made at the sub-Treasury for a telegraphic transfer of $700,000 to San Francisco. An order for $100,000 was filled, for which gold certificates were received. The Chicago Raids Not So Heavy. CHICAGO, June 7.-With one exception -the Hibernian Savings Bank-the runs inaugurated on the various savings deposit institutions are not nearly so heavy to-day, the crowds being less than half as large as yesterday. At the Hibernian the long line of depositors was confronted for the first time this morning by the notice that a thirty-days' notice would be required on deposits of $100 or less and sixty days on amounts above that figure. 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 Bank of Spokane. The bank has a capital and surplus of $100,000, and deposits of about $30,000.


Article from The Morning News, June 8, 1893

Click image to open full size in new tab

Article Text

A 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, Ind., yesterday, which forced it to close. The principal stockholders in the two banks are identical. It is claimed that the assets are $217,000 and the liabilities $100,000, and that depositors will be paid 100 cents on the dollar.


Article from The Morning News, June 8, 1893

Click image to open full size in new tab

Article Text

A Bedford Bank Suspends. Bedford, Ind., June 7.-The Bedford Bank suspended yesterday.


Article from The Wilmington Daily Republican, June 8, 1893

Click image to open full size in new tab

Article Text

Latest Bank Failures. SPOKANE. Wash., June 8.-As a result of the suspension of the Bank of Spokane three other banks in this city have closed their doors. They are the Washington National, the Washington Savings and the Citizens' National. Other banks which have just suspended payment are: First National bank, of Palouse, Wash.: the Bedford bank, Bedford, Ind.; New Albany Banking company, New Albany, Ind.; the State bank, Cortland, Neb.


Article from New-York Tribune, June 8, 1893

Click image to open full size in new tab

Article Text

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.


Article from The Sun, June 8, 1893

Click image to open full size in new tab

Article Text

ELSEWHERE. FINANCIAL TROUBLES A Number of Failures, Mostly Among Small Banks, BEATRICE. Neb., June 7.-The State Bank at Cortland. this county. closed yesterday morning. It is a small institution. Deposits are about $18.000. 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 Bank of Spokane. The bank has a capital and surplus of $100,000 and deposits of about $30,000. WICHITA. Kan., June 7.-The Laclede and Third National banks of St. Louis and the Bank of Commerce of Kansas City. Mo., yesterday. sued out attachments for $50,000. $25,000. and $50,000 respectively against the Francis Whittaker & Sons' packing house. The Sheriff is in possession of the property. Late last evening W. N. Levy. President of the Wichita National Bank. was appointed receiver. A with is bond of $100,000. which he gave. representative of the firm said they did not owe anything in Kansas City. The plant here is valued at $200,000. most of which was donated to the firm by the city under contract to operate the plant a certain number of years The firm has done little business for some time on account of the high prices of hogs. and the Board of Trade was preparing to sue them for a breach of contract in failing to run the plant to its full capacity. the contract still being in force. BEDFORD, Ind.. June The community was startled when the Bedford Bank did not pen its doors yesterday morning. The President, Mr. Winstandler. soon appeared and explained that in consequence of recent heavy withdrawals of depos its the bank would be forced to suspend for a few days. It is one of the oldest banks of this section. 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 T. S. Windslay of this city. W. S. Windslay of Bedford. and W.L. Breyfogle of Chicago. formerly of this city. Yesterday W. L. Breyfogle executed a deed of trust of $300.000 worth of unencumbered real estate in Chicago for the b. nefit of the depositors of the two banks here. It is said the assets are $212. 000. liabilities $100,000. and that depositors will be paid 100 cents on the dollar. deed of assignment was to-day mado to john H. stotzenberg. MILWAUKEE. June 7.-A telephone message from Kankauna this afternoon FRYS that there was a run this morning on the First National Bank of Kaukauna. It quickly died out. however. and confidence is fully restored. As far as can be ascertained the bankers in this city feel no uneasiness over the condition of the country banks. BOSTON. June -The liabilities of Henry A. Bond Co., dealers in hides and leather. who are financially embarrassed. are about $125, 000. The firm were on the paper of Richardson & Dennie. who lately assigned. CLEVELAND, June 7.-Arun was made on the St. Clair street branch of the East End Savings Bank Company. 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 officials. 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. MINNEAPOLIS June 7.-A rumor gained eirculation -day that two of the best-known elevator companies in the Northwest, the Northern Pacific and the Red River Valley. were temporarily embarrassed. and the subsequent events proved that although the crash is not absolute. the predicament in which these corporations find themselves is a serious one The situation is attributed to the prevailing uncertainty and the lack of confidence which is felt by the banks. 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 Pacific Flovator Company that that corporation will ask for the appointment of a receiver. This means that the Red River Valley Company will do the same. as the capital interested in each is mostly mutual. The capital stock of the Northern Pacific Elevator Company is held mostly outside of the city. principally in Duluth. George Ruplev President of the Northern Parific Elevator Company. resides in the latter city. and until his arrival morrow no statement as to llabilities or Assets or the financial difficulties of the companies will be forthcoming. The capital stock of the Northern Pacific Elevator Company is $650,000 and the Red River Valley Company $250,000. The interests of both concerns are held largely by the same men.


Article from The Indianapolis Journal, June 9, 1893

Click image to open full size in new tab

Article Text

Bedford Failure Worse than Reported. Special to the Indianapolis Journal. BEDFORD, Ind., June 8.-The suspension of the Bedford Bank appears to have a more serious outlook than was at first announced. An assignment was made yesterday, and Robert Palmer was appointed assignee. The exact situation as to the amount involved cannot be ascertained. The assets are supposed to be large. Mr. Windstandley, president of the bank, is the owner of several hundred acres of land and other property. which will probably meet the extent of the liabilities. Mr. Winstandley went to Chicago yesterday, and it is impossible at the present to obtain a reliable report of the matter.


Article from The Weekly Union Times, June 16, 1893

Click image to open full size in new tab

Article Text

1893. UNION C. H., SOUTH CAROLINA, FRIDAY, JUNE 16, erMORE FAILUREA. th The City of Chicago Seems to be in a Panic. Banks Fail in Illinois, Ohio, New York TS. and Elsewhere. DO CHICAGO, ILL.-The State Bank of eld Commerce, having its offices on the ground floor of the Woman's Christian 0 Temperance Temple, experienced a heavy n, in run Monday aftersoon. It started just of before noon with the appearance of some thirty or fore depositors. The news a spread like wildfire and within half an c hour the lobby was filled with an excited ge crowd of men and woman, who tore and at crushed in order to get within the glass doors. op The bank officers did not seem to be in nd the least alarmed. The officers and diTHE GERMAN VILLAGE, MIDWAY PLAISANCE to rectors of the bank are all wealthy GerWorl d's Columbian Exposition ile mans. Herman Felsenthal is president led and Jacob Gross. vice president. It has THE QUESTIONS THE HOUR. POLITICAL QUAVERS. led n capital of, $500,000. Its last report, made to the State auditor, May 10th, P Congressmen Interviewed on Silver Getting Ready Now For the Fall showed deposits of $1,200,000. a Law, Income and Bank Tax. Campaigns. A run was also started on the Dime on NEW YORK newspaper has interPolitical News of Every Description viewed nearly all the members of ConSavings Bank. President Baily, of the p and Character, bank, says he has it dollar and a half for n gress by telegraph the following questions: in every dollar deposited. but the greater Tammany has invited Mr. Cleveland to part of the money is tied up in securities. you, with present informadeliver an address on July 4. He does not know how long the bank of tion, favor the appealor the Sherman silGovernor McKinley, of Ohio, was rever law? in can stand the run, but expects to pull nominated by acclamation by the Repub through in 2.-Do you favor and Ecome tax? licaus last week. There was a run on the Hibernian 3.-Do you favorithe repeal of the ly The Democratic committee of Alabama State bank tax? Bank, one of the largest saving institurehas rejected the peace proposals submitMany of the answers deviated so far nd tions in the country. The depositors ted to them by the Kolb bolters. The were paid off at the rate of three a min from plain "yes" "and involved so n Kolb committee in cubmitting their proutc. Its deposits amounted to $8,500,000 ith many qual fications that no tabular posals said that they must be adopted as and the officers of the bank believe they in statement would fairly represet the a whole or not at all. can stand the run. inopinions they expressed. The important Senator Voorhees, once a prince of the its A run on the Prairie State Savings facts shown are that a the first question, practical politicans, is now an ardent Bank, which started Saturday, was reess "Do you with the present information, civil service reformer. It quotes the sumed. The officers are confident, howfavor the repeal of the Sherman silver the Indiana statesman as saying that he had ever, that they have ample means availon law?" there are 86 Representatives who wasted over half of his time in Washingable to meet all demands from the de-it say, practically, 'yea While only 18 say ton in hunting offices for his friends. positors. "no." Of the rest-many who qualified is Now that he is nearing the end of his TWO CHICAGO FAILURES their answers 80 strong that they cannot political career he regrets that he did not The property of C. A. Weizenbach, a fairly be placed in the affirmative coles give more of his time to the study of the clothing and shoe merchant with several umn, show plainly that their inclinations ilgreat questions before the Senate. He says stores was seized by the sheriff upon are in favor of repeal The sentiment of nthat the country would be the gainer if a judgments confessed. The liabilities are the lower house on that question seems en law were passed prohibiting Congressmen $72,000, nearly all for borrowed money; to be overwhelming ts from endorsing candidates for Federal the assests $50,000. The failure is said hiOn March 6, last there was printed a positions. table showing that the Senate stood for to have been precipitated by the assignein RICHMOND, VA.-The State central ment of Banker Herman Schaffner, who repeal of the Sherman Silver Law 39, em committee of the Third Party met, with is prysteriously missing. against repeal 28, non-committal 16. ne Chairman C. H. Pierson presiding. A E. A. Armstrong & Co., dealers in It will be noticed that several ch committee, appointed for that purpose, uniforms, made an assignment. The as who were non- are or reported an address to the public, which sets are stated to be $275,000; liabilites now in favor There was adopted. The address arraigns both $100,000. est se ms to be no doubt that nearly twothe Democratic and Republican parties PRIVATE BANK FAILURE. id thirds of the Senate will vote that way. and their methods; and declares against The private bank owned by MeadowThe newer question of the income tax nState banks and wild cat currency; refers croft Bros., at 100 Dearborn street also develops an interesting situation Many its to President Cleveland as the representafailed. A notice was attached to the who speak freely as to the Sherman bill tive of the Wall street and New England closed doors of the bank bearing this inevade or ignore this question, but 45 say Mugwumps; declares for free silver and scription: "This bank is in the hands of is squarely that they favor it, 42 that they demands equalization of taxation. It says do not. The Southern and Western ConLyman E. Crandall, receiver, by order of c that the Populists have made good recthe Superior Court." gressmen are the most numerous advo 10 ords in the States where they have had cates of such tax. CANAL STREET BANK, NEW YOUK. by control, and in conclusion calls a conNEW York.-Th Shoe and Leather On the State bank tax question the is vention of the Third Party to meet at National Bank gives notice that it will opinion is almost as one sided as in reg Lynchburg on August 3 to nominate can not clear for the Canal Street Bank after gard to the Sherman bill. Many dodge he didates for Governor and Lieutenant to morrow, This will make it necessary it entirely, but 60 say positively that d Governor and Attorney General. for the Canal Street Bank to go into they are against repealing the tax, while ne The first negro to be recognized by this only 30 favor it." liquidation. Its deposits are about nadministration is Henry Clay Smith, of $450,000. m Birmingham. He was promised Tuesday A SANDUSKY BANK GOES UP. ht the consulate at Tamatave, Madagascar, SANDUSKY, O. The doors of the San 2, in place of the present Republican con. dusky Savings Bank, which closed Sat10 sul, John L. Walker. Mr. Quincy sent urday night upon what was generally or for him Tuesday and told him he was supposed to be one of the soundest and et ready to make the appointment and gave safest institutions of the city, were not To him his commission opened Monday, but displayed the folb. THE NEWS IN BRIEF. lowing announcement: "Owing to iney THE TURKISH VILLAGE, MIDWAY PLAISANCE. ability to realize upon assests this time, The Latest Happenings Condensed World's Columbian Exposition. this bank has been compelled to assign. and Printed Here. All creditors will be paid in full." More than $50,000,000 has been raised A KANSAS CITY HOUSE STICKEN. in France and Germany to pay for resumRESULT OF THE BRIGGS TRIAL. KANSAS CITY, Mo. The Kansas Grain of ing work on the Panama Canal. Company, which claims to be the greatDr. Ecob Renounces the Presbyterian Some fiue specimens of hard white Faith as Promulgated by (st buyer of grain from producers in the go granite have been shipped to the World's the Assembly. world, has failed. ere Fair for exhibition by the J. T. Wyatt ALBANY, N. Y.-The Rev. James H WASHINGTON, D. I.-Dividends have at Granite Co., of Faith, N. C. A pair of Ecob, pastor of the Second Presbyterian old been declared in favor of the creditors of millstones from the same company was Church of this city, in a sermon Sunday insolvent national banks a3 follows is also forwarded. which was founded on the result of the ate First National bank of Palatka, Fla., Governor Tillman, of South Carolina, trial of Prof. Briggs, publicly renounced of second dividend, 10 per cent., making in and Fishback, of Arkansas, are the first the Presbyterian faith as promulgated by of all 45 per cent. on claims proved, amountwho have sent in papers on the resources the General Assembly in its condemnation ion ing to $274,303; First National Bank of of their States, as agreed upon the govof Prof B iggs are Wilmington N. C., third dividend; 10 ernors' convention recently held in Rich"The General Assembly of the Presbyace per cent, making in all 40 per cent. on mond. Both papers are well prepared and terian Church, "said he, the most big 'he claims proved, amounting to $530,483. will prove both interesting and valuable. oted, intolerent, reactionary body ever a AN INDIANA BANK YIELDS. The gay and festive Harry Hill, of found in any religious denomination. In old BEDFORD, IND.-The Bedford Bank Atlanta, who fled from that city two or its recent action it has taken up a garment ral has suspended. three weeks ago, under charges. was arwhich has laid mouldering in the grave for A SMALL NEBRASKA BANK. rested in Chicago at a late hour Wednesover hundred years and smells of earth V. BEATRICE, NEB.- -The State Bank at day night. and corruption. I hereby shake i off a Cortland, this county has closed. It was The Pope has announced the beatificaand will have none of it." As a small institution. tion of Joan of Arc, burned at the stake Dr. Ecob is backed by his congregation, on. 462 Tuesday