1693e572Full suspension
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An Indiana Bank Suspends. BEDFORD, Ind., June 6.-The community was startled this morning when the Bedford bank failed to open its doors. President Winstanley explained that in consequence of recent heavy withdrawals of deposits, the bank was forced to suspend for a few days. It is one of the oldest and most reliable banks in the city.
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Bedford, Ind., Bank Suspends, BEDFORD, Ind., June 6.-This community was startled this morning when the Bedford bank failed to open its doors. President W. J. Stanley explained that in consequence of the recent heavy withdrawals of deposits the bank will be forced to suspend for a few days. It is one of the|oldest and most reliable banks in the city.
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Two Banks Suspended. BEATRICE, Neb., June 6.-The State Bank of Cortland, this county, closed this afternoon. It is a small institution. Liabilities $50,000, assets unknown. BEDFORD, Ind., June 6.-The Bedford bank failed to open its doors this morning. The run on Chicago banks caused the failure of promised assistance from that city.
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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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Another Indiana Bank Suspends. NEW ALBANY, Ind., June 7.-The New Albany Banking company has suspended payment as a result of a run on the Bedford, Ind., bank yesterday, both having substantially the same stockholders. Claimed assets are $212,000; liabilities, $100,000. W. L. Greyfogle, one of the principal stockholders in the two banks, executed a deed of trust for $300,000 for the benefit of depositors in the two banks. It is claimed depositors will be paid in full.
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A HUNDRED CENTS ON THE DOLLAR. 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., yesterdny, which forced it to close. It is claimed the assets are $212,000; liabilities, $100,000; and that the depositors will be paid one hundred cents on the dollar.
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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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Mexican Telegraphte Brevities Gov. Waite of Colorado 18 seriously 111. Failures yesterday were numerous. The hat includes many chan of business. The State bank of Cortland, Neb. closed. Deposits are about $18,000. 88 sets unknown. The direct liabilities of Erastus Wiman are $591,000; contingent habili tree, $315000 The Bedford, Ind., bank failed to open. The run on Chicago banks 18 the cause. The bank is solvent and no one will lose. The Free Trade club of Cieveland, Ohio, held a meeting and pretend to be pleased with the situation of affairs in this country. The direct liabilities of Thomas M. Barr & Co. coffee merchants, are $818. 680, contingent habilities $50,330; nominal assets, 8965,335 actual assets, $408,697 As a result of the suspension of the Bank of Spokane Falls, Wash. three banks in Spokane, Washington National, Washington Savings and National Bank of Spokane Falls, have closed. I: is be. lieved they are all solvent and will resame The Laclede and Third National banks of St. Louis, and the Bank of Commerce of Kansas City, Mo., have filed attachments aggregating $125,000 Whittaker & Son's packing house. Michael McGinne, junior part. ner. wants the partnership dissolved.
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Bedford Bank Suspends. BEDFORD, Ind., June 8.--The Bedford bank suspended yesterday.
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ample means available to meet all de mands from depositors. The bank's business is practically confined to the West Side MILWAUKEE, June 5.-Runs were started to day on the Second Ward bank and the South Side Savings bank, but neither of them assumed very seri ous proportions. The failure of F. T. Day, of the Plankington bank seems to have increased the nervous fears of small depositors. Business men are not in the least alarmed at the situation and predict that the flurry will end in a day or two, unless it is aggravated by more failures. WICHITA, Kansas, June 7 - -The Francis Whitaker Packing Company has failed; liabilities, $100,000. BEDFORD, Ind., June 7.-The Bedford bank of this city, and the Courtland (Neb.) State bank have closed. The former is quite a serious failure, but the liabilities of the latter are small. CHICAGO, June 1 The private banking house of Nishoff & Co. has suspended; also the Bank of Washburn, Wis., and the Shell Lake Savings bank of Wisconsin. CHATTANOOGA, Tenn., June 8.-0. B. Loveman, an extensive dealer in dry goods, has failed with liabilities of $140,000. WILMINGTON, Del., June Bellah & Co., wholesale dealers in iron and steel, have failed.
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Two Indiana Banks Suspend. NEW ALBANY, Ind., June 7.-The New Albany Banking Company has suspended payment as a result of a run on the Bedford, Ind.. bank yesterday, both having substantially the same stockholders. It is claimed the assets are $212,000 and the liabilities $100,000.