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THE DEFAULTING CASHIER AND BROKEN BANK. INDIANAPOL13, Feb. 7.-Experts are examining the affairs of the First National Bank of Franklin, Tad., and Chere are indications that the less of the bank will be fully $100,000. The absconding cashier obtained $16,000 from other banks on the day of his flight. The reserve fund of the bank, $20,000, is gone, together with $62,000 in negotiable paper. The running money for
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the in Further Developments Franklin, Ind., Bank Defalcation. Indications that the Cashier Made a Clean Sweep of $100,000. A Bloody Altercation on the St. Louis Board of Trade. The Whisky Rebellion in North Carolina -Other Matters, THE INDIANA WOLF. Special Dtspatch to The Tribune. INDIANAPOLIS, Ind., Feb. .-The defalcation of R. T. Taylor, Cashier of the First National Bank of Franklin, has occasioned greater exeltement than any event In this neighborhood for years. The bank stood very high, second in the State and fifth III the United States, while Taylor himself was a member of the Presbyterian Church, and unusually respected. BankExaminer Lynch went down to-day and took possession of the bank and Its effects. Its capital stock is $132,000, and it had a reserve fund of $25,000. This has all been practically issued, and it is believed that the Cashier took fully $50,000 in monev with him, including the entire reserve. He left three letters, one to his brother, Elmore W. Taylor, Assistant Cashier, one to his wife, and the other to the officers and stockholders of the bank. These explain his erime. He fell a victim to real-estate speculation in this citv, losing heavily, and then, to save himself. Indulged in Chicago whent speculations, losing steadly. and Involving himself more and more. He used forged paper so skillfully as to deceive his Board of Directors, and also altered the books to keep the accounts supparently correct. The stockholders are all honest old farmers, knowing nothing of bank business, but were content with the 14 per cout proft which Taylor regularly paid their semi-annually. The examination to-day show deposits to the amount of $125,000, nll of which will be paid, ns the stockholders are good for the liability under the law, and the loss will fall entirely uron them. Nothing is vot known of Taylor's whereabonts, though in his letter he anys he will remain in the neighborhood to see how the nows will affect his wife. She Is an estimable woman, in poor health, and when the fact of her husband's dishonor was broken to her, fell Insensible and is now In a very critical condition. The general ledger of the bank is destroyed, and nothing is known of the state of accounts in Louisville, New York, or Clucinnati. The loss will certainly foot up $100,000. Johnson County is a depositor In the bank to the amount of $20,000. Taylor was last seen in this city on Monday afternoon. All his letters of confession are dated from this city. To the Western Associated Press, INDIANAPOLIS, Ind., Feb. .-Experts are ex amlning the affairs of the First National Bank of Franklin, Ind., and indications are that the loss will be fully $100,000. The absconding Cashier obtained $10,000 from other banks the day of his light. The reserve fund of the bank, $90 000, Is gone, together with 862,000 of negotiable paper. The running money for the daily use of the bank is also short $10,000. The Cashier left a letter saying they need not expeet to BUC him again, and that Chicago speculations caused the trouble.
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GENERAL NEWS. Guilford White, a Boston attorney. has been convicted of receiving two stolen United States bonds of $10,000 each. The First National Bank of Franklip, Indiana, has been compelled to ~uspend, by the flight of its Cashier. Richard S. Taylor, with $100,000. A mail bag containing $25,000 in bank checks and private drafts, was stolen while on the way from Newport, Ky., to Cincionati, a few days ago. The New Senator, Judge David Davis, is, it is reported, worth the pleasant little sum of $3,000,000. In one Illinois county alone he owns fourteen improved farms. Over two hundred and fifty thousand pounds of powder for Russia have arrived at New York over the Erie Railway the past week. Eight more carloads are expected. Gov. Hampton, of South Carolina, on Wednesday sent to Aiken a pardov for Benjamin Cato, white, confined in jail under a conviction for malicious mischief, and he was released immediately by the sheriff. The Apaches are killing and plundering the settlers in Southeastern Arizona, and the Governor believes that section will have to be abandoned unless military operations against the hostiles are more efficiently conducted. The Grand Duke Alexis is to arrive at Poughkeepsie, N Y., on or about the 14th. His object is to personally inspect ice-yaching in all its Searings, and with a view of introducing patterns of American ice-yachts in Russian rivers. By the suspension of congressional work at the office of the public printer in Washington, Saturday, caused by exhaustion of the appropriation, about six hundred persons are thrown out of employment.
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NEWS IN BRIEF. Items from the Capital. G. Casanave, of the Louisiana Returning Board, was called before the Committee of the Powers and Privileges of the House, February 5, and testified that he had no knowledge of any alteration of returns from Vernon Parish, and he had seen none on any paper; said before the Board he had no acquaintance with Maddox, and had no knowledge of his having any conversation with Governor Wells in regard to the election. Governor Wells never suggested to witness to take any money or other valuable consideration to affect the result of the election. Did not know about Maddox having any conversation on that subject with Wells. Had no knowledge of the returns of Precinct No. 2 from Vernon Parish being burned Had no knowledge of the result of the election until after the returns had been canvassed. J. Madison Wells was called before the House Committee, by the Republican members, to testify in regard to the statements made by the witness Maddo He testified that the stories about his wanting to sell out the State to the Democrats, and of having had interviews with Maddox in relation thereto, were false. He saw Maddox on several occasions, and their talk was in relation to the condition of the affairs of the State, Maddox said he was going to Washington, and desired to be posted in regard to the situation. There was nothing said about money matters, and having been consistent Union man since 1859, his position was known to all the people of the State. Equally false was the story about his wanting the Republicans to pay him for his services. The witness denied in toto all the material points of Maddox's testimony. He was questioned about the returns of the State, and in reply said he was unwilling to testify anything in regard to the election until dis charged from contempt of the House, and his freedom as citizen restored. He would say, however, in regard to the two polls of Vernon Parish, that the man who had testified before the committee that the returns had been burned was an unmitigated liar. Mr. Field called attention to paper purporting to be the original return from the Parish of Vernon, but witness professed to be unable to identify it, or to discover that any change had been made in the figures. On being shown the transposition of 178 votes from the Democratic to the Republican side, he admitted that it must have been done for a fraudulent purpose, but denied that he had any knowledge as to how or where or when it was done. The case of the United States against General Belknap has been dismissed on motion of the District Attorney, under direction of Attorney-General Taft, for the reason that the evidence will not sustain the presecution. The action of the Attorney-General is taken on direction of President Grant, who indorses a report by the District Attorney to the effect that a conviction is impossible. General Brevities. A maniac named Alexander, living nine miles south of Wabash, Indiana, near Lafontaine Station, a few nights ago, cut the throat of his brother's wife, who died in a few moments. His mother attempted to defend the helpless victim from his brutality, when the infuriated man cut her hand, nearly severing it from the body. He then threw her into an open fireplace, where she was severely burned. Her condition is quite critical. Alexander was secured and lodged in jail at Wabash. He has been insane for some time, but never was regarded as dangerous. The steamer George Washington, of the Cromwell Line, from Halifax the 18th of January forSt. Johns, N. F., went ashore at Cape Race, and became a total loss. All hands were drowned, and fourteen bodies washed ashore. It is supposed she drove ashore during the snow storm on January 21st. The First National Bank at Franklin, Indiana, close its doors at noon of February 6th, the cashier absconding, taking with him the books of the concern, and all the money in the vault, amounting to $75,000 or $100,000. At Toledo, Ohio, a few days ago, Charles Kruck, aged sixteen, while standing on Swan Creek Bridge, with three companions, suddenly sprang over the railing, striking upon his head on the ice below, crushing in his skuli, and causing instant death. The whole party eresomewhat intoxicated. No cause is sknown for the singular suicide. Rear Admiral Wilkes, of the United States Navy retired list, died at Washington, February 8. Admiral Wilkes had been in bad health for along time. Cashier Taylor, the dafaulting Cashier of the First National Bank, at Franklin, Ind. was found lying in the back room of Dr. Payne's office, at Franklin, on February 9, in an apparently unconscious condition. The doctors pronounced him insane. He had no money with him and claimed that his traveling-bag, which was supposed to have contained the money was left in the caboose car. He thought have arrived during the night on a freight train. He said he had been absent six years. The belief at Franklin is that the loss to the bank will reach $175,000. Rear Admiral Theodorus Bailey died at Washington, Saturday, February 10. The Mountain City Bank of Pottsville, Penn. has suspended. The exceptions taken to the rulings and sentence of John D. Lee, the Mountain Meadow murderer, have been overruled by the Supreme Court of Utah, and the Second District Court ordered to fix another day for the execution. It is probable an appeal will be taken to the United States Supreme Court, John Loge, ex Mayor of Memphis, was fined and sent to prison, for contempt in refusing to testify against his son, who is charged with forgery. Kingsbury, Abbott & Hulet, hat manufacturers, of New York, have suspended. Liabilities,$107,000 assets, $46,000. A pastoral letter from Bishop o' Hara excommunicating "The Ancient Order of Hibernians," and directing the clergy to deny members of that body the sacraments, was read in all the Catholic churches of the Scranton, Pennsylvania, Diocese on recent Sunday. The denunciation was unexpected, and has produced a sensetion among the members of the Order, who for the past three years have been in favor with the Church within this jurisdiction. The Ancient Order has a large membership in Scranton. Foreign Items. Midhat Pasha has been dismissed from the
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WEST AND SOUTH. George M. Wheeler, the defaulting President of the La Crosse (Wis.) National Bank, has been sentenced to five years' imprisonment in the Wisconsin State Prison. Judge J. T. Mackey has now rendered a decision to the effect that Hampton is the lawful Governor of South Carolina. Appealed to the Supreme Court. The Arizona Legislature has passed a bill exempting the Southern Pacific Railway from taxation for four years, and permitting a tariff of 10 cents per mile for passengers and 15 cents per ton for freight. The Cedar Rapids and Missouri Railroad Company have commenced suits to dispossess many of the farmers of Woodbury, Monona, Ida, Crawford, and Sac Counties, Iowe, of their lands by the galvanization of an obsolete land-grant. Richard T. Taylor, Cashier of the First National Bank of Franklin, Johnson County, Ind., has absconded, leaving the bank about $100,000 short. Taylor's embezzlements have long been in progress, but only just discovered. The bank has been forced to suspend in consequence. A mail-bag containing $25,000 in bank checks and drafts was robbed of its contents a few days ago while en route from Newport, Ky., to Cincinnati. There is no clew to the robbers. Dispatches from Tucson, Arizona, state that the Apaches are killing and plundering settlers in Southeast Arizona. Ten were killed in Senorita Valley on the 4th inst., and the work is still going on. Luther C. Slavens has been nominated by the President United States Attorney for the District of Missouri. The Illinois division of the Chicago, Danville and Vincennes Railroad, 108 miles in length, was sold on the 7th, under a decree of foreclosure, for $1,450,000. It was bought in by a committee of the New York bondholders. The entire amount for which the road was foreclosed was $3,300,000. The entire indebtedness of the road is $7,500,000. The Internal Revenue Bureau was officially notified, on the 7th, that two revenue officers had been killed and others wounded while making a raid upon illicit distillers in South Carolina.
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The cashier of the 1st Nat. Bank, of Franklin, Ind., absconded with the nice pile of $100,000, and obtained $16,000 from other banks the day of his flight. The reserve fund of the bank, $20,000, is gone together with $62,000 of negotiable paper. The running money for the daily use of the bank is also short $10,000. The cashier left a letter saying they need not expect to see him again and that Chicago speculation caused the trouble.
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TELEGRAPHIC NOTES. Richard T. Taylor, Cashier of the First National Bank of Franklin, Johnson County, Ind., has absconded, leaving the bank about $100,000 short. Taylor's embezzlements have been long in progress, but only just discovered. The bank has been forced to suspend in consequence. A mail-bag containing $25,000 in bank-checks and drafts was robbed of its contents a few days ago while en route from Newport, Ky., to Cincinnati. There is no clew to the robbers. Dispatches from Tucson, Arizona, state that the Apaches are killing and plundering settlers in Southeast Arizona. Ten were killed in Serorita Valley on the 4th inst., and the work is still going on. Richard T. Taylor, the absconding Cashier of the First National Bank of Franklin, Ind., returned to his home during the night of the 8th. He was discovered on the following morning in an almost
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NEWS SUMMARY. e debt of the Methodist Publishing se, in Nashville, is $250,000. reene claims a 121 county darkey Next! 'S old, who wants to marry. ne treaty with Spain was ratified by Senate on the 10th. urkey and Servia have agreed upon is of peace. revolt is threatened in Constantile. x-President Lerdo, of Mexico, arrivn New York, on the 11th. he engineers on the Boston and Mia railroad have struck. [ardi Gras was celebrated in Mem3 and New Orleans in grand style. WO murderers were hanged at Port pacco, Md., last Saturday, both cold. everal vessels, with their ciew3 and were lost the week, sengers, first Bay. of last storm on Chesepeake he Northumberland county National nk at Shomokin, Pa., closed its doors iday. A large savings and trust comby of the same village failed the day fore. saac W. Sitler, a druggist, has been Id the action of the grand in y, to answer Philadelphia, for poisoning a lato death with muratic acid, by misse in compounding a prescription. Steam street cars have been introduced one of the lines Philadelphia, longest the city-Market street-being comletely fitted out with them. The of William Sterris & Co., imorters of 598 store laces, Broadway, New finwas robbed last week of their ork, stock. Loss estimated at over $25,00. One thousand two hundred and fiftyine of the coun7, have S. C., taxpayers paid $3,409.95 of Anderson of their ixes to the Hampton Government. .bout one hundred of this number were olored men. A man calling himself J. A. Burgett, vas in Lebanon n of the arrested charge swindling. last Saturday, He had windled a number of Springfield merchauts. The United States Commissioners Court attacked by men, in was armed and disNorth Carclina, the other day, persed. The armed men belong to a gang of illicit distillers. Caroline Lambert, aged 101 years, was burned to last had some kerosene on dropped death, Monday. her clothing, She which was accidentally ignited, burning her to a crisp-Ex. murdered man was found in Obion near Paducah on iver, A Junction, the Northwestern road. He had a bullet ole through his forehead, and one through his breast. He was not identiied. The Supreme Court of Utah Territory as overruled the objections made to the conviction of John D. Lee, the Mounain Meadow murderer, and has ordered he Lower Court to fix another day for he execution. The Cashier of the First National Bank of Franklin, Ind., who was a defaulter, nd who disappeared last week, was a room Cound, Saturday, lying in back condiear the bank, in an exhausted ion. He was insane. An election has been called for the 13th of March, in the ninth Congressional District of Georgia, to fill the vacancy caused by the election ot Hill to the Senate. Walls, a brakeman on the Nash and ville, John Chattanooga St. Louis railway, was so badly crushed while coupling the cars at Stevenson, on the 13th, that he died a few hours afterwards. The Fayetteville Observer chronicles the death of Mr. Larry Dempsey, a citizen of that county, aged 109 years. A lot of Ohioans, of ample means and enterprise, propose to establish glass works at Chattanooga. The Brownsville Bee has been revived after a suspension of about 12 months. W. Ivie Westbrook, editor and proprietor.
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Ruining a Bank. The first national bank of Franklin, Johnson county, Indiana, has closed its doors, the cashier, Richard T. Taylor, having absconded after a long series of forgeries, which have nearly absorbed the entire capital of the institution. An Indianapolis letter says: The defalcation is the largest ever perpetrated in the State, and the full particulars have not yet been disclosed. Taylor was in this city and sold $16,000 worth of exchange belonging to the bank to the Indiana banking company, $10,000 on New York, $3,000 on Louisville, and $3,000 on Cincinnati. He kept $10,000 and left $6,000 last to the credit of the bank. He was seen going toward the depot and said he was going home. His disappearance led to an examination of the affairs of the bank, and it was ascertained that he had taken out $25,000 of the reserve, and that the running money of the bank was $3,000 short. The bills receivable are about $62,000 short, and the supposition is that he discounted them and used the money, as many foreign bankers have lately been writing here making inquiries about the bank. His brother, Elmer Taylor, who is assistant cashier of the bank, received a letter from him explaining that the affairs of the bank were in a worse condition than one would imagine; that he had been forcing balances and deceiving the bank examiners for'a long time, and had been paying dividends to stockholders without earning them. He took with him the general ledger, in which all the accounts of the bank were kept, and therefore it is impossible to tell the condition of the bank. The bank is the fiftieth national bank in the United States and the second in this State, and had a capital of $132,000 and a surplus of $18,000, making a total of $150,000. The deposits were probably a few thousands less. The bank is owned by rich farmers of the county, who know little about banking business, and Taylor has been cashier and general manager of it since 1870, and had almost unlimited control of its affairs. He is about thirty-two years of age and has always stood high in the community. He leaves a wife and one child behind him. He had good habits. It is thought that he has been operating largely in Chicago margins, and this is supposed to be the cause of his downfall. It is expected that he has absorbed the entire capital of the bank, and as he was not required to give bonds the farmer stockholders will have to stand the loss. It is feared that an examination will reveal that some of the banks of this city will lose by his defalcations, as the bank had almost unlimited credit. Such an excitement was never known in the town of Franklin before.
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Ruining a Bank. The first national bank of Franklin, Johnson county, Indiana, has closed its doors, the cashier, Richard T. Taylor, having absconded after a long series of forgeries, which have nearly absorbed the entire capital of the institution. An Indianapolis letter says : The defalcation is the largest ever perpetrated in the State, and the full particulars have not yet been disclosed Taylor was in this city and sold $16,000 worth of exchange belonging to the bank to the Indiana banking company, $10,000 on New York, $3,000 on Louisville, and $3,000 on Cincinnati, He kept $10,000 and left $6,000 to the credit of the bank. He was last seen going toward the depet and said he was going home. His disappearance led to an examination of the affairs of the bank, and it was ascertained that he had taken out $25,000 of the reserve, and that the running money of the bank was $3,000 short. The bills receivable are about$$2,000 short, and the supposition is that he discounted them and used the money, as many foreign bankers have lately been writing here making inquiries about the bank. His brother, Elmer Taylor, who is assistant cashier of the bank, received a letter from him explaining that the affairs of the bank were in a worse condition than one would imagine; that he had been forcing balances and deceiving the bank examiners for a long time, and had been paying dividends to stockholders without earning them. He took with hin the general ledger, in which all the accounts of the bank were kept, and therefore it is impossible to tell the condition of the bank. The bank is the fiftieth national bank in the United States and the second in this State, and had a capital of $132. 000 and a surplus of $18,000, making a total of $150,000. The deposits were probably a few thousands less. The bank is owned by rich farmers of the county, who know little about banking business, and Taylor has been cashier and general manager of it since 1870, and had almost unlimited control of its affairs. He is about thirty-two years of age and has always stood high in the community. He leaves a wife and one child behind him. He had good habits, It is thought that be has been operating largely in Chicago margins, and this is supposed to be the cause of his downfall. It is expected that he has absorbed the eutire capital of the bank, and as he was not required to give bonds the farmer stockholders will have to stand the loss. It is feared that an examination will reveal that some of the banks of this city will lose by his defalcations, as the bank had almost unlimited credit. Such an excitement was never known in the town of Franklin before.
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THE FRANKLIN FELON. Special Dispatch to The Tribune. INDIANAPOLIS, March 21.-A judgment has been taken by Walter 8. Johnson, Receiver of the First National Bank of Franklin, fu the United States Court, against Richard T. Tavior, the defaulting Cashier of that bank, for 6200,208.88. This represents the amount of Taylor's recent defulcation.
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Dividend Declared. WASHINGTON, June 28.-The Comp. troller of the Currency has declared a dividend of 25 per cent in favor of the creditors of the First National Bank of Franklin, Indiana. The Comptroller of the Currency has deposited $176,739 to his credit in trust for the creditors of the National Bank of the State of Missouri, being the first remittance from the receiver.
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Washington Items. WASHINGTON, June 28.-The Comptroller of the Currency has declared a dividend of 25 per cent in favor of the creditors of the First National bank of Franklin, Ind. The Comptroller of the Currency deposited $176,739 to his credit in trust for the creditors of the National Bank of the State of Missouri, being the first remittance from the receiver. It is rumored that Judge Coley, chief justice of the supreme court of Michigan, will be appointed a justice to fill the VS. cancy occasioned by the death of Judge Emmons.
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Miscellaneous. WASHINGTON, April 12.-The House committee on naval affairs agreed to report a bill applying $850,000 for purchasing and testing various torpedoes in existence. The House judiciary committee decided to report adversely on Representative Frye's bill referring to the court of claims all claims pending in the sevoral departments. The committee agreed to report favorably the bill exempting postal employes from serving as jurors; also the bill amendatory of the revised statutes 50 as to permit the appointment of an additional assistant attorney general in the post office departments. Senator Thurman's Pacific railroad funding bill was discussed. It was agreed by the committee that no objection would be interposed against a motion to take the bill from the speaker's table and bring it before the House for immediate action, but if that was refused a motion would be made to refer the measure to the juciciary committee. The House committee on Pacific railroads decided to report to the House sinking fund measures, which, though not identical with the same bill. does not differ from it materially. Secretary Evarts returned to-day with his invalid son, who was 50 ill he had to be carried into the house. The committee on territories has decided to limit the examination into the funds of the five Indian nations in the Indian Territory to the school and orphans' funds. Mamea, the Samoan ambassador, took formal leave of the President to-day. A United States steamer will await the ambassador at Panama, and corvey him home and make a survey for the purpose of selecting a naval depot, ceded under the recent treaty of amity and commerce. The comptroller of the currency has declared dividends in favor of creditors of national banks in the hands of receivers, as follows: First National bank of Franklin, Ind., 20 per cent., making in all 40 percent.; First National bank of Winchester, Ill., 10 per cent., making in all 40 per cent. Mamea, the Samoan ambassador, does not credit the report that England has seized Samoa. Subsreiptions to the new loan to-day, $125,000. The secretary of the navy left Washington this morning for Terre Haute, to be absent abont two weeks. Prof. Henry, of the Smithsonian institute, reports the director of the Paris observatory announces the discovery by Coggia, at Marseilles, on the 9th of April, of a planet of the tenth magnitude, 12 hours. 35 minutes right n ascension, 90 degrees, 57 minutes declination with a daily motion of two minutes.
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WASHINGTON NOTES. WASHINGTON, Friday, April 12. 1878. The subscriptions to the new loan to-day were $125,000. The House Committee on Patents to-day further considered the bill providing for a general revision of existing patent laws, but reached no definite conclusion thereon. Henry F. Gilley, principal of the American Exchange at London, had an interview with the Presinent to-day. and met with a cordial reception from other prominent gentlemen in official circles. Representative Hiram P. Bell, of Georgia, appeared before the House Committee on Coluage. Weights and Measures to-day in behalf of the establishment of a branch mint at Athens, Ga. The Secretary of the Navy left Washington this morning for Terre Haute, to be absent about two weeks Rear Admiral Howell is Acting Secretary of the Navy in the absence of Secretary Thompson. The House Committee on Naval Affairs to-day agreed to report a bill appropriating $250,000 to be expended in purchasing and testing the various terpedoes in existence, with a view of reaching a conclusion as to the best quality manufactured. The Controller of the Currency has declared dividends in favor of creditors of National Banks in the hands of receivers as follows: Watkins National Bank, Watkins, N. Y., 1212 per cent, making in all 100 per cent: First National Bank, Franklin. Ind.. 20 per cent, making in all 45 per cent; First National Bank of Winchester, III., 10 per cent. making in all 40 per cent.
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THE decision of a case in the United States Court at Indianapolis, Ind., is not calculated to carry comfort to stockholders in banks. The defalcation of an officer in the First National Bank of Franklin, Ind., caused the bank to collapse, and it went into the hands of a receiver. A test case was instituted to try the liability of the stockholders, one of whom was sued by the receiver, and the court has decided against the defendant to the full amount of his interest in the concern—$22,260.
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THE decision of a case in the United States Court at Indianapolis, Ind., is not calculated to carry comfort to stockholders in banks. The defalcation of an officer in the First National Bank of Franklin, Ind., caused the bank to collapse, and it went into the hands of a receiver. A test case was instituted to try the liability of the stockholders, one of whom was sued by the receiver, and the court has decided against the defendant to the full amount of his interest in the concern-$22,260.
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WASHINGTON. A Circular to the United States MarshalsWhen They Will Get Their Pay. WASHINGTON, July 9.-A. Y. Porter, First Controller of the Treasury, has just issued the following important circular: To all United States Marshals: The appropriations made for defraying the expenses of the courts during the fiscal year ending June 30, 1879, have proved to be inadequate and are now exhausted. Application was made to Congress before the close of the recent session for additional appropriations, but without avail. In consequence of this deficiency your unsettled accounts, now in this office, cannot be paid at present. I confidently expect that the amount needed for the payment of all accounts for the expenses of the courts will be appropriated at the next regular session of Congress, which will begin next December. As soon as the means are provided the sum due you will be paid. Accounts for fees earned after the thirtieth ultimo will be promptly settled when rendered. THE REPEAL OF THE DUTY ON QUININE. Assistant Secretary French has issued a circular to collectors of customs, calling attention to the law abolishing duties on quinine and directing them to take action accordingly. DIVIDENDS OF SUSPENDED NATIONAL BANKS. The Controller of the Currency has declared a dividend of 30 per cent in favor of the creditors of the Commercial National Bank of Saratoga Springs, N. Y., making in all dividends of 60 per cent; also, a dividend of 10 per cent in favor of the creditors of the First National Bank of Franklin, Ind., making in all a dividend of 65 per cent; also, a dividend of 10 per cent in favor of the First National Bank of Winchester, Ill., making in all dividends of 60 per cent. MRS. FASSETT'S PICTURE OF THE ELECTORAL COMMISSION. Mrs. Fassett's famous historical picture of the electoral commission has had a narrow escape from being sold under deed of trust. Mrs. Fassett's husband, who was a photographer, becamo involved and gave a chattel deed on his own and wife's effects to John Hetz, the indicted president of the GermanAmerican Bank, who discounted the note, and this being for a mueh larger amount than the consideration called for, was not met by Fassett. The sale was advertised, but Mrs. Fassett brought a suit in equity and obtained a restraining order enjoining the sale. The matter will be heard in a week or two in the Equity Court, but for the present the picture is safe. THE WINE GALLON vs. THE BEER GALLON. In 1871, the Treasury Department decided to assess the customs duties on malt liquors on the basis of the wine gallon. A recent law of Congress directed that the internal revenue taxes on malt liquors should be exacted on the basis of the wine gallon. Importers of malt liquors claimed that the duty should be assessed on the basis of the beer gallon. The question was referred to the Attorney General who has confirmed the Treasury ruling of 1871-that duties are to be exacted on the basis of the wine gallon in accordance with the commercial usage of the United States.
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Banks and Business Failures. The following banks and business firms have failed since the last issue of this paper: The Northwestern National bank of Great Falls, Montana. It was one of the oldest institutions in the state. The shortage of the cashier is $180,000. The -confiding depositors have the bag to hold. The cashier of the First National bank of Bethlehem, Pa., absconded with $150,000 and left the bank with nothing to do but close its doors and the depositors to bemoan the confidence they had given it. The First National of Franklin, Ind., has also closed its doors. The depositors are going through the same experience. The Duck River Phosphate Co., of Tennessee, assigned Saturday. The Southern Mutual Building and Loan Association of Atlanta was placed in the hands of a receiver Saturday. Thomas Doherty, tea merchant of Montreal, Canada, assigned. Brown and Pillars, of Orlando, grocers, made an assignment Monday. The State Savings bank, of Atlanta, of which Captain H. C. Wright, of this city, was recently elected president, is in the hands of a receiver.