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A PRIVATE BANK Brought to Suspension by Failure of Debtors. CLARKSVILLE, Tenn., Dec. 10.-Franklin Bank, a private concern, with capital of $50,000, suspended payment this morning on account of the recent failure of Henry S. Befeart, New York, a large tobacconist, with whom the Franklin bank has been doing a large credit business. Kendrick, Pettus & Co., a large tobacco firm assigned today. This firm had large deposits in the Franklin bank. Liabilities, $41,000.
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Business Troubles. N. L. Avery and Raphael Semmes, dolug business as N. L Avery & Co., at a number of places in Arkansas, have assigned. Liabilities $60,000; nominal assests, $60,000. Hamilton & Bishop, stock brokers, New York, have assigned. Liabilities $75,000. The Franklin bank, a private concern, a Clarksville, Tenn., has suspended as the result of the failure of Seafort, a New York tobacconist. Kendrick, Pitts & Co., tobacco. dealers, who had business with the bank were foread to assign. Liabilities $41,000.
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CRASHES AT OL A RKES VILLE. A Bank and a Tobacco Firm Forced to Suspend. NASHVILLE, TENN., Dec. 10.-A special from Clarksville, Tenn., says: "The Franklin bank of this city suspended pay ment this morning. The failure was caused by the recent failure of Henry Seafert, of New York, a large tobacconist, with whom the Franklin bank had done a large credit business, The Franklin bank is a private bank, with a capital stock of $50,000. The assets and liabilities of the bank are not known as yet. "Kondick, Pet'us & Co., a large tobacco firm, made an assignment to-day. The suspension of the bank, in which the firm had a large deposit, and the stringency of the money market made it impossible for the firm to meet their obligations. Ia order to protect all their creditors alike, they assigned. The liabilities are $41,000. A statement of their assets has not been made. "The liabilities of the Franklin bank amount to over $200,000, and the assets exceed the liabilities by about $50,000. "The liabilities of Kondick, Pettus & Co. are over $400,000. The nominal assets 0Xceed this amount. "A run on the Farmers' and Merchants' National Bank followed, and the doors were closed. This was caused by the other failures, but that institntion will probably resume business in a day or two."
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Business Trouble in Clarksville, Tenn. (By telegraph to the Dispatch.] NASHVILLE, TENN., December 10.-A special from Clarksville, Tenn., says: The Franklin Bank of this city suspended payment this morning. The failure was caused by the recent failure of Henry Seafort, of New York, a large tobacconist, with whom the Franktin Bank had done a large credit business. The Franklin Bank is B private institution, with a stock of $50,000. The assets'and liabilities of the bank are not known 68 yet. Kendrick, Pettus & Co., a large tobacco firm, made an assignment to-day. The
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BUSINESS. ATTACHMENTS AT DECATUR. Special to the Gazette. DECATUR, TEX., Dec. 10.-The Schwab clothing company of St. Louis attached the C. C. Jones stock of dry goods for $2353, and Naumburg, Kraus, Lauer & Co. of New York for $3120.47. WILL RESUME BUSINESS. Special to the Gazette. TEXARKANA, TEX., Dec. 10. - The stockholders and officers of the First National bank held a meeting last night, which lasted until 12 o'clock. It was the sense of the meeting to open up business again, and depositors could call. and get their money or let it remain in the bank, as they saw flt. The bank will be doubly strong should it resume business as we learn it can secure all the money that is needed to place it upon its former financial footing. We have talked to several connected with the bank, and they expressed a firm belief that the First national bank would again resume business, and that very soon. TWO FAILURES AT CLARKSVILLE, TENN. CLARKSVILLE, TENN., Dec. 10.-The Franklin bank of this city was suspended this morning. It is a private bank, capital stock $50,000. Assets and liabilities unknown. Kendrick, Pettus & Co., a large tobacco firm, made an assignment to-day. Their liabilities are $41,000, statement of assets not yet been made. CLOSED ON ATTACHMENT. DENVER, CoL., Dec. 10.-The grocery and importing house of John H. Carleton was last evening closed on attachments. The liabilities are $24,000; assets unknown.
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Tennessee Banks Suspend. The suspension of the Franklin Bank : of Clarksville, Tenn., yesterday was followed by the assignment of Kendrick, Pettus & Co., tobacco dealers. Two or three hours later the Farmers' and Merchants' National Bank suspended payment. The Franklin Bank was a private institution, with a capital stock of $52,000. Kendrick, Pettus & Co.'s liabilities are $410,000. Their assets are not known.
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BRIEF TELEGRAMS. Henry Villard says the flurry in Wall street has not affected his interests. George Martin, the murderer of William Crouch was hanged yesterday at Meridian, Miss. A special from Clarkeville, Tenn., says the Franklin bank of that city suspended yesterday morning. The superintendent of the Cincinnati zoological gardens succeeded in killing the vicious elephant, Chief. Twenty-four shots were fired into him. The total population of the country, including Indians, etc., will reach 63,000,000. The population of Alaska Special Agent Petroff estimates at 38,000. The grocery and importing house of John H. Carleton, Denver, has been closed on attachments aggregating $24,000. Liabilities, $244,000: assets, unknown. Mr. Pennington, president of the Monnt Carmel, III., Aeronautic Navigation company, says the first of the air ships will be completed within three weeks. Three boys, Fred Case, Leslie Case and Floyd Archer while playing on the ice on Delaware river, near Valley Falls, Kas., broke through and were drowned. The Peninsula and Oriental steamer Nepaul ran aground last night on Plymouth breakwater in a dense fog. The passengers were all removed safely. The Ogden strike is still on. The officials of the Union Pacific are doing the switching. Yesterday some of the strikers attacked Chief Yardmaster Nickerson, seriously injuring him. A dispatch from Fort Reno, I. T., says: Sensational reports about a threatened outbreak of Cheyenne and Arapahoe Indians on the western border of Oklahoma are without foundation. Representatives of the barb wire manufacturers of the country, who have been in ession several days in Chicago, adjourned
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FIFTEEN CENTS A WEEK. EWS IN BRIEF. honing county, O. He is 24 years old, unmarried, and was elected city engineer on of Interesting Items on of Youngstown, O., by council last Monarious Subjects. day. tie paper is to be started at Rev. Charles Z. Hembre, the Kentucky Presbyterian preacher who was suspended from the ministry at Norman, Kan., and exploring expedition is snowkn. assaulted his fellow-ministers announces that he will sue the Presbytery for damlegislature has located the ages. gfisher. Lawrence Brown, who has been in Dana law against the Jews is exville, Ky., jail for safe keeping since June, romulgated Jan. 1. has been taken to Casey county for trial. ul, candidate for governor Brown killed Bud Wright, a negro, in the saws, killed his son in a quarcourt room while on trial for murdering Brown's brother. Indians and Alaskans, the While John and Mack Jackson, farmers £ the United States is fully residing near Hopkinsville, Ky., were out hunting, two masked men entered their al convention of Young Men's house, drove everybody out at the point of ociation will meet at Kansas a pistol, and, having secured $600, hidden away, made their escape. rd Oil company is purchasOhio and Mississippi Conductor Marin LaGrange and Elkhart shall Lafferty, who was tried and acquitted of the charge of embezzling tickets, is n Union paid out $1,077,399 endeavoring to compel the company to put or the last quarter, and has $100,000 worth of repairs on his damaged arplus. reputation, at Princeton, Ind. ati Charles Craig, colored, Rev. A. C. Stockard, aged 60, a minister ilty of wife murder and will of the Cumberland Presbyterian church, to hang. is defendant in a suit brought by Henry Jackson, aged 70, at Dover, Tenn. The e, the young Chicago advento have a Terre Haute, Ind., latter claims that the preacher seduced his fend her. wife and influenced her to abandon the plaintiff. tte Di Zerega, an American George W. Smith, the alleged California ied Sir Frederick Frankland, millionaire, arrested in New York on a of Thirkelby. charge of insanity, is not vice president of . Koch's consumption lymph the Nicaragua Canal company, but was ednesday on a patient in St. formerly immigration agent for the Interal, New York. national company, of Mexico, headquarCavill returned to his Ligonters at San Diego, Cal. e after a brief, unexplained The British steamship Westbourne was enty-one years. caught in a gale on the Black sea and on and Mrs. McKee and her went down. The weather was so intensely e returned to Washington cold that seamen froze to death at their , Indianapolis. posts. All but eight of those, who esO., the 3-year-old son of Edcaped in an open boat, perished before was horribly burned by the reaching land, and four of the eight died 2 pot of boiling grease. afterwards. Jefferson, of Clifton, Mass. The Franklin bank of Clarksville, Tenn., the amateur lifting record, suspended payment on account of the failpounds with his hands. ure of Henry Seafert, tobacconist, of New irfield, aged 10 years, is York, and in turn caused the assignment anton, O., for an attempted of Kendrick, Pettus & Company, a large nnie Esselman, aged 8 years. tobacco firm of Clarksville, and a big run rk thread-mills have been on the Farmers' and Merchants' bank that caused it to close its doors. definitely, on account of the 00 people are thrown out of Chief, the gigantic elephant given the Cincinnati Zoological garden by John be of Cyrus Dietter, a farmer, Robinson, and which had of late become , O., was destroyed by fire, SO vicious as to render keeping him longer children, aged 5, perished in dangerous, was killed Wednesday night. Twenty-four bullets were fired into him esses were examined in the before the vital spot was reached. The hide will be stuffed and the skeleton given at Newark, O., Wednesday, to the Smithsonian institute. He had 10 case of murder has been killed several men. He was 28 years old, nine feet eleven inches high and weighed indom has temporarily disabout five tons. Since the death of Bar e purchase of four per cent. num's Jumbo he was the largest elephant 11 continue the purchase of in captivity, and the most vicious. Ifs.
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CLARKSVILLE PANIC The Franklin Bank Fails and AnE. other Bank Temporarily Suspends. Two Big Warehouses Pushed to The Wall and Forced to Assign. OTHER HEAVY FAILURES ARE COMING. The Clarksville Progress of Wednesday contained the following account of this week's heavy failures in that town: "Suspended peyment" is the notice on the front door of the Franklin Bank in this city. News was received here yesterday by the Franklin Bank that Henry Seabert, a large tobacconist of New York, has gone to the wall. The bank has been doing an extensive business with Mr. Seabert, he being an extensive creditor i the bank. His failure compelled the bank to cease payment. This made it necessary for Kendrick, Pettus & ar Co. to assign. This firm has issued the following card which fully, but ea briefly explains their reasons for asan signing: the "Owing to the failure of a large creditor in New York of the Franklin con Bank, that institution was forced to W suspend. Because of the suspension We of the bank, in which we had large dewe posits, and on account of the strinCro gency in the money market, we found to we could not promptly meet our obnin, ligations, and in order to protect each Wh of our creditors alike, we have made alon an assignment to Mr. Will Dority." che KENDRICK, PETTUS & Co. than The principal creditors of the firm thin are as follows:
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stock. It has been opposing him. It will appear as a Parnell organ. News bas reached Philadelphia of the loss of the steamer Westburne, with twenty-one of her crew of twenty-five, in the Black Sea November 24. In a street fight at Paul's Valley, I. T., over a woman, Senator Sam Paul, of the Chickasaw Nation, shot his sun Joe. A call has been issued by the Kansas Farmers' Alilance for a convention to meet at Topeka to consider the senatorial situation. Mrs. Dacey, a plucky Wichita woman. made a professional gambler refund, at the pistol's month, $560, out of which he had fleeced her husband. The Franklin Bank at Clarksville, Tenn., failed with liabilities of $200.000. This precipitated the $400,000, failure of a tobacco house and a run on another bank. Mrs. Robt. Champman, wife of a wellknown merchant. started from her home in W chita to visit relatives at Fort Worth. but did not go there Her departure was taken one day after that of a prominent real estate man.
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Clarksville, Tenn., thrown into great excitement Wednesday by the failure of the Franklin bank, and Kendrick, Pettus & Co., wholesale tobacco dealers. Run upon Farmers and Merchants bank ensued, and after paying out over $60,000, that house also closed its doors.
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tcn. were run over and killed by a train at Minneapelis, Minn. FIRE destroyed Kittle & Co.'s linseed oil works at San Francisco, causing a loss of $200,000. IN session at New Orleans the National Board of Trade passed resolutionsin favor of reciprocal trade regulations; of revision of the National banking laws; of a postal telegraph and penny postage on local delivery letters, and in favor of a unification of the monetary systems of the leading commercial nations. AT Clarksville, Tenn.. the Franklin Bank failed for $200,000; assets, $250,000. Q. T. ARCHER'S three sons, aged 16, 13 and 9 years respectively, were drowned in the Delaware river at Valley Falls, Kan., while crossing on the ice. IN the jail yard at Meridian, Miss., George Martin, the murderer of William Crouch. was executed. LOUIS SCOTT shot his wife and killed himself at Kaiamazoo, Mich. Domestic trouble was the cause. FLAMES at Sandusky, O., destroyed a grain elevator and 3,000,000 feet of lumber. Total loss, $100,000. AN unknown man at Tennyson, Ind., just before his death made the statement that he was the murderer of John R. Bilderbach near Fort Branch, Ind., twenty years ago, for which crime Thomas Camp was hanged. Camp asserted his innocence on the scaffold. CHARLEY JOPLIN shot and killed at Jenny Lind Ark., John Miller, Miller's wife and grown daughter, Dr. Stewart and a man whose name was not learned, five persons in all. Afterward he killed himself. JOHN L. M. IRBY, the Farmers' Alliance candidate, was elected United States Senator by the South Carolina Legislature. This retires Senator Wade Hampton, who has represented the State in the National Senate for three terms. AT Pine Ridge Agency. S. D., reports were received on the 11th that the ho3tile Indians had been fighting among themselves in the Bad Lands. The fight was for the leadership between Two Strike and Short Bull. and the result was from twenty to fifty dead Indians.
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WEST AND SOUTH. THE Legislature passed over the veto of Governor Steele the bill locating the capital of Oklahoma at Kingfisher. MR. AND MRS. E. T. TODD. of Sioux City, la., and their daughter, Mrs. Slayten, were run over and killed by a train at Minneapolis, Minn. FIRE destroyed Kittle & Co.'s linseed ol works at San Francisco, causing a loss of $200,000. IN session at New Orleans the National Board of Trade passed resolutionsin favor of reciprocal trade regulations; of revision of the National banking laws; of a postal telegraph and penny postage on local delivery letters, and in favor of a unification of the monetary systems of the leading commercial nations. AT Clarksville, Tenn., the Franklin Bank failed for $200,000; assets, $250,000. Q. T. ARCHER'S three sons, aged 16, 13 and 9 years respectively, were drowned in the Delaware river at Valley Falls, Kan., while crossing on the ice. IN the jail yard at Meridian, Miss., George Martin, the murderer of William Crouch. was executed. Louis SCOTT shot his wife and killed himself at Kalamazoo, Mich. Domestic trouble was the cause. FLAMES at Sandusky, O., destroyed a grain elevator and 3,000,000 feet of lumber. Total loss, $100,000. AN unknown man at Tennyson, Ind., just before his death made the statement that be was the murderer of John R. Bilderbach* near Fort Branch, Ind., twenty years ago, for which crime Thomas Camp was hanged. Camp asserted his innocence on the scaffold. CHARLEY JOPLIN shot and killed at Jenny Lind Ark., John Miller, Miller's wife and grown daughter, Dr. Stewart and a man whose name was not learned, five persons in all. Afterward he killed himself. JOHN L M. IRBY. the Farmers' Alliance candidate, was elected United States Senator by the South Carolina Legislature. This retires Senator Wade Hampton, who has represented the State in the National Senate for three terms. AT Pine Ridge Agency, S. D., reports were received on the 11th that the hostile Indians had been fighting among themselves in the Bad Lands. The fight was for the leadership between Two Strike and Short Bull, and the result was from twenty to fifty dead Indians. A FIGHT took place on the 12th four miles north of Pine Ridge agency in
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F ilures at Clarksville, Tenn. The Franklin Bank at Clarksville, Tenn., failed with liabilities of $200,000. This precipitated the $400,000 failure of a tobacco house and a run on another bank.
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South and West. AN epidemic of scarlet fever is raging in Cabell County, W. Va. THE Crow Indians, in full council, have sold' to the Government their lands west of the divide on Price's Creek, Montana, and the adjoining strip fifteen miles wide. Consideration. $546,000. Number ot acres purchased, 1,850,000. THE Texas cotton crop. based on returns from 144 cotton-growing counties, will be 1,818,000 bales, against 1,704,000 bales last year. EASTLAND, FOWLER & Co., wholesale crockery and glassware dealers, of San Francisco, Cal., have failed. Liabilities, $192,000; assets, $53,600. GEORGE MARTIN, the colored murderer of William Crouch, was executed at Meridian, Miss. THE Franklin Bank at Clarksville, Tenn., suspended payment. Two hours later the Farmers' and Merchants' Bank. of the same place, closed its doors. These failures caused Kendrick, Pettus & Co., tobacco dealers, of Clarksville, to make an assignment. THE will of the late Horace Kelley, of Cleveland, Ohio, gives $500,000 for the foundation of a National Art Gallery in that city. THE Territorial Council of Oklahoma passed the corrected House bill, embodying some of Governor Steele's recommendations, locating the temporary capital at Kingfis' Governor Steele promptly approved the bill. THE hostile Indians have been fighting among themselves in the Bad Lands or South Dakota. The fight was for leadership between Two Strike and Short Bull, each wishing to control the united bands. The fight was bitterly contested for several hours, and many were killed. WHITE CAPS visited the house of Thomas Burgess, a farmer, living in Meade County, Ky., to whip him. He shot and killed one of the raiders and wounded two others. With his wife Burgess fled to the woods through a rear door. CURTIS G. STODDART, the banker, has been arrested at Chicago, Ill., on a charge of embezzling almost $3,000,000. The funds it is alleged he has embezzled are stock and bondsof the Kansas, Arkansas & New Orleans Railroad DURING a terrific wind storm at Elliott. North Dakota, a spark from a locomotive blew into the North Dakota elevator and the structure was burned down, together with 50,000 bushels of wheat. LOUIS SCOTT shot his wife in a quarrel at Kalamazoo, Mich., and then killed himself. They quarreled some weeks ago and she left him, going to work as a domestic. A WARRANT has been issued at Columbia, S. C., for the arrest of Attorney-General Page, on the charge of political intimidation in discharging from the enrolling department T. F. Butler, a nephew of Senator Butler, without adequate cause. Mr. Butler was a candidate for the Legislature on the Haskell ticket, and this incurred Page's displeasure. JUDGE T. A. S. MITCHELL, of the Supreme Court of Indiana, died suddenly at his home, in Goshen. Judge Mitchell was the only Democratic member of the bench, and was re-elected for a second term at the recent election. He was about fifty years old. THE town of Waterford, Ind., has been almost entirely wiped out by fire. Two children, sons of Mr. and Mrs. Louis Holnagel. residing two miles east of Saginaw, Mich., were burned to death in their home, which took fire during the absence of Mrs. Holnagel. JOHN BLYEW was given a life sentence at Vanceburg, Ky., for the murder of four colored people in August, 1868. He killed a whole family except two little children. The case has been fought twenty-two years and cost the State $25,000. IN a collision between freight trains near Cincinnati, Ohio, Brakeman J. G. Stephens was killed and Engineer Hall fatally injured. The accident was caused by the young lady operator at Pine Knot not giving proper orders. THE bodies of James Lane and George Serker were found lying in a road near City Court House, W. Va. They are supposed to have frozen to death.
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The Franklin Bank. By common consent and agree. ment on the part of creditors Saturday H. C. Merritt was associated with R. H. Poindexter as receiver to assist in winding up the affairs of Franklin Bank. Mr. Merritt is a good lawyer and a safe counsellor, having considerable experience in such matters, and will render Mr. Poindexter valuable assistance in the complicated affairs of the bank.
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Bank Meetings To-Day. There are a good many people in town to-day attending the bank meetings. The stockholders of the Farmers & Merchants bank met at 11 o'clock and adjourned to 1:30 p m. without transacting any business It is not likely that any definite action will be decided upon until a late hour and perhaps not before to morrow. The creditors of the Franklin Bank were here from various parts of the country. The appointment of H. C. Merritt as receiver in connection with R. H. Poindexter, rather forestalled the action indicated by the publishe call for a meeting of the ereditors to-day. However it was agreed among interested parties on the streets that they would hold a meeting at the court house at 12 o'clock looking to some other action in connection with the affairs of the bank.
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# The Bank Meetings. The stockholders of the Farmers & Merchants bank met yesterday evening. After some discussion of matters, it was decided that the condition of the bank was such as to enable them to resume business by paying in 25 per cent. additional on the stock, and application has been made to the comptroller for permission to make the assessment and re-open. Another and more serious trouble, however, presents itself, and that is the attitude of the depositors. Some agreement must be made with this class before anything more can be done, otherwise the bank would be defeated. There is a great deal to be done preparatory to resumption and it will require some time yet to settle matters. The meeting of the Franklin bank creditors amounted to nothing. The appointment of Mr. Merritt, assistant receiver as the representative of creditors in connection with Mr. Poindexter, seemed to give satisfaction. There were 25 or 30 present and they only appointed a committee to look after minor affairs.
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To-day is the anniversary of the Franklin Bank failure and the general panic that made Clarksville look so blue one year ago.
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A SENSATION AT CLARKSVILLE. I Men Connected With the Defunct Bank Charged With Larceny. CLARKSVILLE, Jan. 18.-A real sensation Was caused to-day when it was made public that the grand jury had found true-bills against three of the men connected with the defunct Franklin Bank. Indictments were returned against P. C. Hambaugh, President; R H. Poindexter, Cashier, and George S. Irwin, one of the Directors. There were two counts in the indictment, grand larceny and embezzlement. In the Criminal Court this afternoon they were placed under a bond of $1,000 each and the cases set for trial at the April term of court. P. C. Hambaugh is a wealthy tobacco dealer, & very old man, and about a year ago he had the misfortune of losing his eyesight, this affliction overtaking him soon after the failure of the bank. R. H. Poindexter is possibly not over 26 years of age, and up to the time of the suspension of the bank was one of the youngest cashiers in Tennessee. George S. Irwin left here just after the crash, it is stated, on account of threats and prejudices of tobacco planters and others who lost money in the firm of Kendrick, Pettus & Co., of which he was a member, blameing him for the failure. He only came back here yesterday to answer the serious charges against him, having for some time been connected with the firm of Allen, Lane & Co., cotton factors, of St. Louis. The failure of the Franklin Bank, which was a private institution, occurred last December a year ago, in which nearly $1,000,000 was involved, also causing the failure of three tobacco warehouse firms, viz.: Kendrick, Pettus & Co., for about $40,000, R. H. Walker & Co., for a large amount and Hancock, Hallums & Co. for more than $100,000, forcing the Farmers' & Merchants' National Bank to suspend. But this bank has broken the national bank record, having resumed business for some time. It is said that the main features connected with the Franklin failure have not come to light as yet and both the developments and the result of the trial of the officials will be awaited by the public with great interest. Nearly all the prominent law yers of the Clarksville bar are to be engaged on the side of the defense. A number of the bank's depositors are the prosecutors.