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RUSH FOR A RECEIVER. Failures of Trust Company and Banks at Different Points. Dover, Dela., Oct. 20.-The insolvency of the International Bank & Trust Company of America at the City of Mexico, which is a corporation of the state of Delaware and which was recently given authority to increase its capital stock to $5,000,000. caused one of the most remarkable dashes for a receivership ever known here. A number of those interested in the big company who were opposed to the receivership obtained in Mexico, which closed all the company's Mexico banks and also opposed the selection of Don Jacinto Patteres, a lawyer, as receiver, gathered here with the object of obtaining the judgment of the highest court in the state which created the company. Those present were. Charles L. Phillips, vice president; Joseph G. Deane of New York, a director; James L. Wolcott, a lawyer of Dover, another director: former Gover nor W. T. Watson. also a director, Henry Ridgeley, special counsel for Herbert Compton, a stockholder, and William L. Gooding, special counsel for the company. An application to Chancellor Nicholson was hurriedly drawn up praying him to appoint a receiver who could go into Mexico and elsewhere and take charge of the company's assets. Later the party hurried aboard a Delaware railway train for Lewes and there continued their search for Chancellor Nicholson by boat, the chancellor having gone on a trip from the Delaware breakwater on the pilot boat Philadelphia. The members of the party expect to overtake the chancellor and express the belief they will get a receivership. They claim that because this is a corporation of the state of Delaware the action of the chancellor will take precedence. Herbert Compton, a stockholder, makes the application to Chancellor Nichclson on the ground of insolvency. New York, Oct. 20.-Assistant District Attorney Miner today began aninvestigation into the affairs of the International Bank and Trust company, a concern incorporated under the laws of the state of Delaware with a capitalization of of $10,000,000. Thus far $1,800,000 stock has been issued. The company did business in Mexico where it has seven branches. Its office in this city was in Wall street. The officers are Wm. H. Hunt, president; Chas. F. Phillips, first vice president, and John H. Maugham, second vice president. On Saturday the concern failed. It was then learned that $56,000 of the firm's notes were protested here and it was then charged that the company had been doing a banking business in this state without certificate with the state banking department. Mr. Miner announced he would examine the officials of the company. BANK DOORS CLOSED. Milwaukee, Wis., Oct. 20.-An evening Wisconsin special from Montello, Wis., says: A notice was posted on the door of the Montello State bank today stating that the bank was closed by order of the state bank examiner. A large crowd of depositors gathered and were told by Cashier Currie that they will receive every dollar and that businss will be resumed as soon as the affairs can be straightened out. PRIVATE BANK ASSIGNS. Bloomington, Ill., Oct. 20.-The private bank of J. E. Brown & Co., at Chatsworth, assigned today and will be closed pending a settlement for the benefit of creditors. The liabilities are estimated $35,000 with assets probably 90 per cent of that sum.
