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Newark Hit Too. NEWARK, July 29, 1893.-There - is a slight run today on the Howard Savings Institution of this city. A long couble lino of depositors have been passing iu front of the paying teller's window all the morning. The officers of the bank say that they have pleuty of money oa hand to pav all demands, The Howard IS the strongest savings bank in in the city.
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New Jersey Banks. TRENTON, N. J., July 29.-A run commenced this morning on the Trenton Savings Bank, and by noon about $30,000 was paid out. This bankisone of the strongest in the State, having a clean surplus of $268,000. NEWARK, N. J., July 29.-There was a run to-day on the Howard Savings Institution. of this city. A long double line of depositors passed in front of the paying teller's window all morning. The bank officials say they have plenty of money on hand to pay all demands. The Howard is the strongest savings bank in the city.
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Runs on New Jersey Banks. NEWARK, N. J., July 29.-There is a run on the Howard Savings institution of this city. The officers say they have plenty of money on hand to pay all demande. The Howard is the strongest savings bank in the city. TRENTON, N. J., July 29.-A run began on the Ironton Savings bank this morning. The bank is one of the strongest in the state and no danger is looked for as the result of the run. Withdrawing depositors are paid in silver dollars.
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Run on a Savings Bank. NEWARK, N. J., July 29.-There is a run on the Howard Savings institution in this city. Officers say they have plenty of money on hand to pay all demands. Howards' is the strongest savings bank in the city.
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EASTERN BANK TROUBLES. Runs on Financial Institutions—Several Suspensions. NEWARK, N. J., July 31.—The run on the Howard Savings Institution continued today. The crowd in front of the building was so large that the aid of the police was necessary to keep the anxious people in order. HORNELLSVILLE, N. Y., July 31.—N. M. Craveland, a private banker, failed this morning. The assets are said to exceed the liabilities. AKRON, O., July 31.—The Akron Savings bank went into the hands of a receiver this morning. Capital, $200,000; reserve, $50,000; surplus, $18,000. It will pay in full. ASHLAND, Wis., July 31.—The First National bank failed this morning, owing to a steady drain on the deposits. The resources July 15th were $396,489. Heavy runs on other banks resulted. CEDAR RAPIDS, Ia., July 31.—A. Daniels & Co., private bankers at Marion, made an assignment of property valued $200,000. It is believed all will be paid in full, and that the bank will be open in a few days. No statement of assets and liabilities. SPRINGFIELD, Mo., July 31.—The Springfield Savings bank failed this morning. Deposits, $100,000; capital, $25,000. It will pay in full. Other banks are not affected. No further trouble is expected.
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HIS HONOR TO THE RESCUE. Mayor Haynes Tries to Stop - Foolish Rus on a Newark Bank. The effect of an exaggerated story of a run on the Howard Savings Institution of Newark on Saturday was shown yesterday morning. A crowd of 200 persons stood waiting in front of the bank before sdoors were opened. The police took a hand in forming the people in line, and when the bank opened they were paid ns rapidly as their accounts could be closed. Many dropped out of the line when they saw that everybody was being paid promptly. but enough stuck to their purpose of getting their money out to leave A dozen unpaid when the banking hours were over. Mayor Haynes took R lively but unselfish interest in the matter. and talked to the people in front of the bank for half an hour at noon, telling them of the soundness of the Howard Bank. which has several times withstood worse runs than this could possibly be. The bank has a surplus over all liabilities of three-quarters of a million dollars.
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TOOK HIS $2,300 IN SILVER. Hard Work Getting It Home-A Woman Wheeled Away $400 In a Baby Carriage. Therun on the Howard Savings Institution of Newark subsided yesterday. A great show of gold. silver. and bills was made in the bank. and it so impressed the line of foreigners and women that many of them went away at once, while others drew out small amounts of their savings. and left the balance. A good deal of silver was paid out, and this further discouraged those who had large deposits. it did not discourage one man. who insisted upon getting $2.300. It was paid in silver. and. after he struggled across the street under the load of coin. he wanted to deposit it with the Dime Savings Bank. but the teller would not accept it. He then had to carry it home. It was as much as he could carry. A woman took out $400 and wheeled it home in n baby carriage with n two-year-old child sitting upon it. Twenty-eight persons were in line when the bank closed for the day.
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коску Mountain Oil Co., is no more, and the big petroleum monopoly has the field to itself once more. FIFTEEN of the striking plate glass workers at Irwin, Pa., were arrested on charges of conspiracy. DUN's review says soundness and strength is disclosed in the business world, notwithstanding the financial disturbances. MANY Pennsylvania iron and steel workers threaten to withdraw from the Amalgamated association. STRIKING miners rioted in Gran, Hungary, until dispersed by the police. Many were wounded. Ten were arrested. AT a meeting of the directors of the Tremont and Suffolk mills, at Lowell, Mass., it was voted to operate these mills on half time. UNITED STATES MARSHAL NIX has in his possession about fifty head of cattle which he confiscated from the gang of horse and cattle thieves who were captured in the Cherokee strip. THE Irving-Terry theatrical company has sailed on the steamship Numidian from Liverpool for Montreal. The company will open in San Francisco on September 4. A RADICAL reorganization of the coast survey is contemplated by Secretary Carlisle. Some of the changes may require congressional action. The work of reform will begin by chopping off heads. THE Utes will soon be compelled to vacate their reservation in Colorado and will be sent to Utah. THREE clerks signed their names to notes upon which $54,000 was obtained from the Elmira, N. Y., national bank. THE gates of the world's fair were opened last Sunday. SEVENTY-THREE New England and New York banks have been swindled by forged duplicate grain receipts. PAYING TELLER ABRAM FARDON, of the First national bank of Paterson, N. J., has been arrested for stealing $10,650. THERE was a run on the Howard savings institution at Newark, N. J. The bank weathered the storm. THE Union indurated fiber works, Buffalo, N. Y., have been destroyed by fire. THE Denver chamber of commerce and board of trade have sent a silver memorial to congress. ONE person was killed and three others were seriously injured in an accident on a bridge in Chicago. DR. LEE LING, a Chinese physician, of Chicago, and Miss Lizzie Fairman, an American girl, of the same city, were recently married at Peoria, Ill. SECRETARY HOKE SMITH was hanged in effigy at Rome, O., because of the suspension of a pensioner. SANFORD & SONS' carpet mills at Amsterdam, N. Y., have been shut down. No protracted stoppage of any of the Carnegie Steel Co.'s big plants have been ordered and none are probable. THE navy department has awarded contracts for supplying about a million pounds of steel gun forging to the Midvale and Bethlehem companies, of Pennsylvania. THE Independente Belge says that in view of the disastrous effects of the recent drought the Belgian government is making preparations on a large scale in experiments for producing rainfall by artificial means. THE American express train No. 31, on the Michigan Central railway, was wrecked at Springfield, Ont. Seven coaches and the locomotive were derailed. Four of the coachos were badly wrecked. No lives were lost. The engineer was badly scalded. EXHIBITORS have presented their grievances to the management of the world's fair. THE McNeil & Urban Safe & Lock Co., one of the oldest safe firms in the country, have assigned to Howard Douglass, of Cincinnati. The assets are $160,000; liabilities unknown. The firm has been unfortunate in several large contracts. ONE of the most daring robberies ever attempted in Chicago was committed at the residence of Mrs. R. Ammon in broad daylight. The thieves, after binding and gagging Mrs. Ammon, succeeded in robbing her of diamonds and a gold watch, the whole value being $2,000, and made good their escape.
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LOADED WITH SILVER. One of Newark's "Runners" Gets Too Many Bland Dollars. From the Philadelphia Record. Newark, N. J., Aug. 2.-The great display of gold and silver at Howard Savings Institution was what stopped the run on that bank yesterday. It restored confidence on the part of most of the depositors. But the big bulk of silver that was paid out did not discourage one man, who insisted upon getting $2,300. It was paid in silver, and, after he struggled across the street under the load of coin, he wanted to deposit it with the Dime Savings Bank, but the teller would not accept it. He then had to carry it home. It was as much as he could carry. A woman took out $400 and wheeled it home in a baby carriage with a 2-year-old child sitting upon it.
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Silver in Demand. Silver is excellent currency for banks to have on hand, with which to pay panie-stricken depositors, A run on the Howard Savings institution of Newark, New Jersey, was checked by the display of a great stack of gold, silver and bills on the counter. One man, who insisted on withdrawing his deposit of $2,300, was compelled to receive it in silver dollars. He tugged his bag across the street and laid it down on the steps of the Dime Savings bank with a tired air; but that institution refused to receive it, and he had to carry it home. A woman who drew out $400 wheeled it off in her child's carriage with a two-year-old babe sitting upon it. If the banks had had the forethought to lay in a stock of silver some time ago, much of the silver in the treasury vaults might have been brought into circulation.-Windsor Journal.