Indianapolis National Bank (Indianapolis, IN)

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MISERY loves company, so we of Columbia, who have "been through the mill" ourselves are able to bear with equanimity the numerous bank failure+ that have been occurring at other places It makes us feel that it is not in Columbia alone, or in Tennessee alone that there is friction in the financial machinery. But it is worthy of remark all the same, that the other numerous bank suspensions seem to result more from the fact that a general lack of confidence has caused such a withdrawal of funds that a really temporary suspension was advisable, and that they are not permanent. Toe Columbia Bank of Chicago and the bank in Indianapolis are both expected to resume business in a few days. In other words the money does not seem to be all gone, or exchanged for collateral of little or n value.

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AT INDIANAPOLIS

Two of the Leading Banks of the City Closed. INDIANAPOLIS, July 25.-The Indianapolis National bank and the Bank of Commerce did not open their doors this morning. The Indianapolis National was considered one of the strongest banks in the city, and was designated the depository of the United States. Its president, Theodore Haughey. last night consulted with the other banks, having previously secured $50,000 to tide him over yesterday. He said the failures at Louisville and New Albany had aggravated the local situation, and it was thought best to suspend. The Bank of Commerce has not been one of large deposits, and the failure will not have much effect locally. Its indebtedness is said to be $150,000. A heavy run was made on the Indiana National. The statement of the Indianapolis National bank, July 12th, showed: Resources, $2,313,154; liabilities-due depositore, $1,194,586; United States deposits, $193,100; deposits of United States disbursing officers, $106,900; due other national banke, $146,403; due state banks, $73,579; notes and bills rediscounted, $51,137; bille payable, $58,000: capital stock, $300,000; surplus, $100,000; undivided profits, $44,446. While the Indianapolis National bank was a United States depository, but $3439 was tied up. Cashier Rexford was asked if the withdrawal of funds by country banks was not largely responsible for the BUSpension. "The stringency of the times, he replied, "has greatly reduced those balances. At this time of year they have heretofore been large." The real trouble of the Bank of Commerce began at the failure of the Premier Steel company. There have been drafts on the bank ever since then. The publication of Depauw's failure hurried things along. The failure of the Indianapolis National shut off their chances of getting help and the bank had to close.

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WRECKS IN INDIANAPOLIS

Indianapolis, July 25,-The Indianapolis National bank, and the Bank of Com merce failed to open their doors this morning: The Indianapolis National was considered one of the strongest banks in the city and was the desig nated depository of the United States. At eleven a heavy run was begun on the Indiana National.

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An Indianapolis Bank Suspends

INDIANAPOLIS, July 25.-The Indianapolis National bank failed to open its doors this morning. The president after consuiting with other bankers thought it best to suspend temporarily.

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BANK FAILURES

Several More Large Institutions in the East Suspend. INDIANAPOLIS, July 25.-The Bank of Commerce did not open its doors this morning. The Indianapolis National Bank also failed to open its doors. The Indianapolis National was considered one of the strongest banks in the city, and was designated as a depository of the United States. President Theodore Haughey consulted with other bankers last night, having previously secured $50,000 to tide him over yesterday. He said the failures at Louisville and New Albany had aggravated the local situation and it was thought best to suspend. The Bank of Commerce has not been one of large deposits, and the failure will not have much effect locally. The indebtedness is said to be $150,000. At 11 o'clock a heavy run was being made on the Indiana National. The statement of the Indianapolis National Bank July 12th showed resources of $2,313,154; liabilities-due depositors, $1,194,586; United States deposits, $193,100; deposits of United States disbursing officers, $100,800; due other National banks, $140,403; due State banks, $73,570; notes and bills rediscounted, $51,137; bills payable, $58,060; capital stock, $300,000; surplus, $100,000; undivided profits, $44,448. While the Indianapolis National Bank was a United States depository, but $3,687 was tied up. Cashier Tiexford was asked if the withdrawal of funds by country banks were not largely responsible for suspension. "The stringency of the times," he replied, "has greatly reduced those balances. At this time of the year they have heretofore been large." The real trouble of the Bank of Commerce began at the failure of the Premier Steel Company. There have been drafts on the bank ever since. Then the publication of Depauw's failure hurried things along. The failure of the Indianapolis National shut off their chances of getting help, and the bank had to close. CLOSED ON ACCOUNT OF THE STRINGENCY. MILWAUKEE, July 25.-The Wisconsin Fire and Marine Insurance Bank closed its doors this morning. The bank was commonly known as the Mitchell Bank. A notice on the door says: "Closed on account of monetary stringency." The statement on the 1st inst. places the resources at $8,946,344. The liabilities are: Due depositors, $7,870,504; due others, $500,000. The bank has a capital of $500,000, of which John I. Mitchell holds $313,300; David Ferguson, $166,600; Washington Becker, $20,000; J. B. Murphy, $100. The undivided profits are $75,841. The Milwaukee people had become imbued with the idea that this old bank was a Gibraltar of finance, and could not credit the reports that it had closed. It was the general belief that when all the other banking institutions had disappeared from the face of the earth the bank which Alexander Mitchell founded would continue to do business at the old stand. Cashier Murphy says the bank has been subjected to a heavy strain and the end was inevitable, but that the bank is not insolvent, and only time is needed to meet every liability. Washington Becker has been appointed receiver. The city of Milwaukee has $1,600,000 in the bank and will probably have to temporarily suspend payment. The bank was the depository of the Chicago, Milwaukee and St. Paul Railroad, and arrangements had been made for the payment of checks drawn on that bank by the Wisconsin National Bank. Runs were at once started on a number

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PROTECTING DEPOSITORS

Two Indianapolis Banks Temporarily Close Their Doors. Indianapolis, Ind., July 25.-The Indianapolis National Bank and the Bank of Commerce did not open for business this morning. President Theodore Haughey, of the Indianapolis National, yesterday afternoon came to the conclusion that he should consult some of the officials of other banks in regard to the situation, and a meeting was held last night. Mr. Haughey prepared a statement in which he said that the Louisville & New Albany failures had aggravated the local situation. Fifty thousand dollars was borrowed from the other banks but it failed to carry the bank further than yesterday's transactions. It was finally concluded that the tide that had set in was too strong to stem and it would be best for all concerned to suspend. While the crowd was clustered about the suspended Indianapolis National, a few were watching the doors of the Bank of Commerce across the street. At 9 o'clock the curtains remained up and soon a white paper was posted announcing that the bank would not open to-dav. The stringeney of the money market IS the reason given for closing. The Bank of Commerce has not been one of large deposits. and its failure will not have much effect on the money market. Its indebtedness is said to be only $150,000. The suspensions caused considerable excitement on the streets and at 10:30 a heavy run was being made on the Indiana National. The Indianapolis National was the designated depository of the United States. The statement of the Indianapolis National, issued July 12. shows loans and discounts of $1,545,854.16 and other assets amounting to $2,313,153.56. The capital stock is $800,000: individual deposits, $826,570.50: demand certificates, $344,235.50. SANDUSKY. O., July 25.-The G. B. Hodgman Company, manufacturers of cooperage of all descriptions and bridge timber. and wholesale dealers in lumber. has gone into the hands of a rereiver. The application for the receivership was made by Henry Knight, of Chicago, treasurer of the company. and a large stockholder, and it is generally understood that the action was taken to protect the conern and to secure an extension of time and not from any insolvency. The establishment is the largest here and its plant covers several acres of ground and employs several hundred men. LOUISVILLE, Kv., July 25.-The Louisville Deposit Bank has suspended. The Merchants' National Bank of Louisville also suspended. The Fourth National Bank has also suspended. Sr. Louis, Mo., July 25.-Ripley & Bronson, iron merchants and dealers in all kinds of iron. made an assignment this morning. Liabilities. $150,000: assets not given. but probably close to the mount of liabilities. The usual reason. stringency in money circles, is given as the cause. CHICAGO, III., July 25.-Following a confession of judgunent for $87,175 in favor of the Continental National Bank of Chicago, Parkhurst & Wilkinson. iron merchants. 148-164 Kinzie Street. made an assignment acter the courts closed last night. The concern's assets are estimated at $1,000.*** The confession of judgment was madeon notes which the firm was un-

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CROOKED BANKERS

Arrests to Be Made In Connection With an Indianapolis Failure. CHICAGO, Aug. 2.-A special to The Tribune from Indianapolis says: It is learned here that there will likely be a number of arrests as a result of the Indianapolis National bank failure. Evidence made public shows the defunct concern was grossly mismanaged, and that the $1,100,000 of deposits were strewn about with lavish hands. It has been given out already that the $1,500,000 of loans carried by the bank are worthless to such a degree that depositors may not realize 25 cents on the dollar. Loaned to Themselves, The most serious charge, however, is that individual stockholders were permitted to borrowmany times over what is allowed by the 10 per cent rule. T.P. Haughey, the president, is charged with having borrowed $100,000 from the bank, and a large manufacturing concern here in which he is interested is said to have secured over $200,000. Two concerns operated by sons of President Haughey are also said to have been kept up by generous loans from the bank. On the day prior to the failure the clearing house committee was able to pick only $50,000 of safe securities out of $1,500,000 in the bank's possession. These events have brought about steady runs on the other banks, which are being kept up, and those well informed speak of the situation here as decidedly threatening.

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FURTHER FINANCIAL TROUBLES

Banks at Indianapolis and Milwaukee Close Their Doors. Indianapolis, Ind., July 25.-The Indianapolis National bank and Bank of Commerce failed to open their doors this morning. The Indianapolis National was considered one of the strongest in the city, and was designated as a depository of the United States. At 11 o'clock a heavy run was being made on the Indiana National.

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PAYING PENSIONS

How the Old Soldiers Got Their Money. INDIANAPOLIS, Ind., Aug. The payment of pensions began in this city at 6 o'clock this morning by checks issued on the subtreasury at New York. In order to expedite matters four of the leading local banks agreed to furnish currency to the amount represented by checks presented in person. This action was made necessary by the suspension of the indianapolis National bank some time ago, which was a United States depository. This morning the banks sent a representative with $105,000 to the pension office, and au noon this sum was about exhausted. The banks say, however, that they will continue to furmish the money, and when the payment is completed will express these checks to the sub-treasury at New York. The checks are being taken up without expense to the pensioners. The crowd presenting certificates this morning was greater than ever before on the first day of the payment of pensions. Quite a number, on appearing at the office, learned that the payment of their pensions had been suspended, and, taken as a whole, the long line was an uneasy one.

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BUSINESS TROUBLES

A receiver has ibeen appointed for the Nail City Stamping Company, of Wheeling, W. Va. Proceedings have been instigated against the officers who wreeked the Indfamapelis National bank. Fuller Bres. & Co., commission merchants of New York, assigned on Wednesday to C. B. Mulligan. J. L Hartman bas been appointed receiver of the Northwest Loan and Trust Company. of Portland. The statement of the Lasarus Silverman bank, of Chicago, shows liabilities of $1,691,079, and assets $2,521,241. The Broadmoor Casino Company. of Colorado Springs, has gone into the hands of a receiver. Assets are $500,000 and liabilities $275,000. Robert H. Colman, the iron millionaire of Lebanou, Ps., and wife have assigned. Liabili. ties; $3,500,000. The assets are claimed to exceed that amount. Judgments aggregating $60,000 have been ontered against the Linden Steel Company, of Pitisburg, one of the largest concerns in Pennsylvania. Several government cruisers will be delayed in building and receiving repairs, as the Lindens had the contracts for the armor plate.

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Donaldson, president of the First National bank, of Marion, Kan. It is charged that Donaldson secured loans from the bank, of which he is president, for personal use without adequate security. He has since disappeared and the bank is short $23,013.

James Doughty, of Sioux City, arrived today and after a conference with Attorney Wollman and Bank Examiner Latimer swore out a warrant for Donaldson's arrest, alleging embezzlement, misappropriation of funds and forgery. The facts as told by Mr. Doughty make Donaldson's embezzlement from the Marion bank appear simply a drop in the bucket compared with the ex-banker's transactions in Iowa, Donaldson, who is in the eighties, besides owning a majority of the stock of the First National bank of Kansas City, controlled two state banks. His transactions through them were not successful, and in 1886 he closed out the two small banks and, securing considerable money from the Marion bank, started the Union Trust Company, of Sioux City, Ia. As feeders for it he established a chain of banks in Iowa, eleven in number. His ventures, however, did not develop according to his expectations, and from subsequent events it becomes apparent that he determined to realize what cash he could and leave the country. Accordingly, last winter he opened a branch office here and disposed of a large amount of the securities and assets of the Iowa concerns. The Union Trust Company was among the first financial institutions to go under when the financial difficulties began last spring. With it went down the eleven Iowa banks. Doughty, who was interested in the Union Trust Company, says the examination of the company's affairs and the affairs of the eleven Iowa banks shows a deficit of at least $600,000.

Indianapolis Bank-Wreckers Arrested.

INDIANAPOLIS, Aug. 21. -This afternoon Theodore P. Haughey, president of the wrecked Indianapolis National bank, was arrested at his home near this city on a warrant sworn out by Receiver Hawkins, charging him with embezzlement and misapplication of funds and credits of the bank. Simultaneously with the arrest of Haughey Federal officers arrested his son, Schuyler C. Haughey, president of the Indianapolis Curled Hair Works and Indianapolis Glue Works, and later Francis A. Coffin, president of the Indianapolis Cabinet Company; Percival Coffin, vice president of the company and Albert T. Reed, treasurer of the same concern. Young Haughey, Coffin and Reed are charged with having aided and abetted the elder Haughey in the embezzlements and misappropriations charged against him. The arrested men were taken before United States Commissioner Van Buren, who released them on bonds furnished as follows: Theodore P. Haughey, $10,000; Schuyler C. Haughey, $10,000; Francis A. Coffin, $5,000; Percival Coffin, $5,000, and Albert T. Reed, $5,000.

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Domestic News in Brief

Wm Scanlin, the Oneonta, N. Y., wife murderer, was sentenced to life imprisonment. The gold mining fever has again broken out in Brown and Morgan counties, Indiana. "Uncle" Perry who killed a woman years ago to get $15 for her corpse, died in a Baltimore. Md., poorhouse. One of four men arrested for robbery at Buffalo, N. Y., has confessed that they had planned to rob the bank of Buffalo. Gov. Pattison, of Pennsylvania, says he will stand by the state statues if any coal combine is formed. The Battle Creek wreck victim sent to Edwardsburg, Mich., as Mrs. E. A. Aldrich has been identified as Mrs. S. D. Wood, of Cato, N. Y. The United States Treasury gold reserve is now $88,000,000 and by continued redemptions of paper currency it is hoped to steadily increase it. Ex-Senator William S. Woodin, of Auburn, N. Y., sustained a stroke of paralysis and lies in a precarious condition. A blizzard from the North, accompanied by a dense snow storm, swept over Lake Supetior. The schooner George was destroyed. at a loss of $28,000, and other wrecks are expected. The Pennsylvania Nautical Schoolship Saratoga was damaged to the extent of $500 by being run into by a schooner in tow of a tug. August Summerfelt, of Pittsburg, beat his ten year-old son so seriously that the little fellow leaped from a window and was killed. The father is held for murder. John Hempleman, a farm hand, under arrest in Portsmouth, O., for raising an order from 35 cents to 45 cents, borrowed a L. knife from a bystander and severed his jugular vein, dying in a short time. 3. The worst drought in twenty years prevails 2 in Southern and Western Texas. The Coloro ado River is lower than since 1881. Farmers x near Austin are hauling water ten and fifteen e miles. Cattle are in bad condition to begin e the winter. of d The officers of the International Typoat graphical Union have sued the officers of the d failed Indianapolis, Ind., National Bank for y 835,000 damages, setting forth that false rep4. resentations by the bank officers led them to h make deposits for the union. t. William V. Maroney, a wealthy North Caro in lina tobacco planter, objected to the presence he of a negro at a depot lunch-counter at Cin xoinnati, and undertook to eject him. Both were badly bruised in the fight. Marone or lost a $125 diamond ring and was fined $2 ed and costs. ty

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THE EVENING NEWS

MONDAY, NOVEMBER 6, 1893. Bank Officers in Court. Special to The News. INDIANAPOLIS, Ind., Nov. 6,The federal grand jury for the November term was impanelled today. Among those who were in 2 DELIVERY WE court in response to summonses Local Time Card. were President Haughey and his son Schuyler of the bankrupted Missourt, Mansas a Texas. Indianapolis National bank, and Passenger Trains-South Bound Francis and Percival Coffin, the No. Iarrives book keeper and treasurer respec10:40 p. No. 1 leaves 10:00 p. tively of the wrecked institution. To, 8 arrives 10:40 a. No. Sleaves 10:50a They have been at liberty under bonds of $10,000 each in the case of North Bound. 5- G W THE TRA the Haugheys, and of $5,000 each No. 2 arrives 6:30 No. 2 leaves 6:40 s, m for the salaried tools. Expert No. 4 arrives 6 10 p. Hayes has completed his examina. No. 4 leaves 6 20 P, m J. H. SMITH tion of the books, and a dupli. Ticket Agent, No. 119 South Fourth Street cate of his report is in the hands of United States The Cotton Belt Attorney Burke. The expert and Has increased her service to double daily Receiver Hawking will be the two trains. principal witnesses, while addiTrain No. 4 leaves 7.00 8. II Great rain No. 1 arrives 8:45 tional evidence will be vouchsafed carin No. 1 leaves 10:00 a. Train No 2 arrives 6.40 p.m to the grand jury by depositors who Irain No. 2 leaves 7:40 p. n. intrusted their funds to the bank liNo. 2 carries through sleer er for St, Louis via A within a few hours of its collapse. Iron Mounta'n. No 4 carries through sleeper to Cairo All trains through to Memphis and The two Haugheys have been just Cairo without change. as much in evidence around the For further particulars call on W. 8. GILLESP R Agent, town since the collapse of the bank 112 South Fourth St. as at any time in the heyday of H.&T.C. their popularity, and judging from No. 88 Arr 8:15 2. m the greetings that they receive on of BANI 38 L'v 6:80 a. Vest bound 81 Arr the streets their friends may still be 8:45 p. of numbered by the legion. The venerable ex president has a figure of 11:45 a. 82 L'v Monday Gast bound 34 Arr 8:20 p. just as erect, a step just as firm, in 84 L'v 8:40 p. I and just as clear a complexion as will W.E. OWENS. Ticket Agent, when he was one of the most popDress Under Pacific Hotel Block. Opposite Postomer ular and trusted citizens of Indiana polis, while his son Schuyler connSan Antonio and Aransas Pass. Between tinues to attire himself with all the fastidiousness that characterized his 10UTH BOUND--NO. 82.--NORTH BOUND--NO 8 appearance while ducks and drakes Lv Waco at 7 a. m. I Arrives 9:30 D. n ir were being played with the money Will of the unfortunate depositors. NIN AUANIA porte

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AFTER THE WRECKERS Federal Grand Jury Begins to Examine Witnesses. Expert Hays and Examiner Young Among Those Called Yesterday -More Documents. The federal grand jury got down to business yesterday and were behind closed doors from 9 o'clock in the morning until 4 o'clock in the afternoon. Deputy United States Attorney Edwin Corr took charge of the jury in the morning. Eight of the jurymen summoned to appear were absent on account of sickness. The jury elected a clerk whose business it is to write out all the testimony submitted for the use of the United States attorney. The case of the Indianapolis National Bank was the first considered, and the jury listened to a detailed account of all that has happened since the failure of the bank. Assistant United States Attorney Corr informed them that Theodore P. Haughey, Schuyler C. Haughey, Francis A. Coffin, Percival B. Coffin and Frank Reed had been arrested and were under bond subject to the action of the grand jury. In the meantime the witnesses who are to testify in the case surged into the clerk's office for registration. Among them were E. E. Rexford, who was cashier of the bank at the time of its suspension; W. F. Golt, paying teller; William A. Bradshaw and N. W. Ferguson, clerks, and Frank W. Hays, the controller's expert sent here to go through the books. William A. Bradshaw was the first man put on the witness stand. He had charge of the bank's discount books. Expert Hays occupied the rest of the forenoon with the jury. The witnesses kept pouring in until it was necessary to open United States Attorney Burke's office for their comfort. Voiney T. Malott presented himself for service in the forenoon and was given permission to go back to his business subject to telephone call. National Bank Examiner Hugh Young, who took charge of the bank soon after its suspension, also reported for duty and spent the afternoon in the jury room. Documents and papers from banks outside of this city, who did business with the Indianapolis National, were received and stored away with Officer Corrigan, who guards these documents in the absence of the jury. From the present indications the grand jury will facilitate matters as much as ,possible and push the investigation through at a good rate of speed, as the amount of matter to pass under their observation is so voluminous such action will be necessary.

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The Bank Was Rotten

Indianapolis, Ind., November 23. - The United States Grand Jury has finished its investigation into the failure of the Indianapolis National bank, and it has leaked out that a number of indictments are contemplated in addition to those against the men now under bond, T. P. Haughey, Schuyler C. Haughey, Francis and Percival Coffin and A.S.Reed. The in vestigation, it is declared in the district attorney's office, has developed the rottenest and most criminal practices in the history of banking operations under the national system, not even excepting the Fidelity of Cincinnati and the Maverick of Boston. The other indictments contemplated are supposed to be against employes of the Indianapolis Curled Hair and Indianapolis Glue Works, who signed worthiess notes which were cashed at the bank. Receiver for John F. Zebley. New York, November 23.-Orrin D. Person was today appointed receiver for John F. Zebley, banker, No. 3 Broad street. in supplementary proceedings brought by the Calumet Fire Clay company. Mr.Zebley is president of the Louis Mercer company and the consolidated Electric company.

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SINS AND SINNERS.

Mrs. John L. Reid of Davenport, Iowa, deserted by her husband and suf- fering from poverty, hanged herself.

Sandy Folsom killed Will Durant at Durant, I. T., and was in turn killed by Bud Durant, Will's brother.

Banker Rockafellow was found guilty at Wilkesbarre, Pa., of fraudulent prac- tices.

Harry Hill, wanted at Atlanta, Ga., on a charge of forgery, was arrested at Cincinnati.

R. F. B. Pierce is accused of preying upon the Indianapolis National bank and has been sued by the receiver.

Farmer Thomas, near Columbus, Ohio, was tortured by thieves until they secured $200 and a gold watch.

John Anders was found dead in his yard at Niagara Falls, N. Y. He was a defaulter and killed himself.

Two of the eight men who robbed a fast freight on the Lake Shore road near Goshen, Ind., have been caught.

A band of cattle thieves which had operated in Eastern Colorado for fif- teen years were rounded up by Sheriff Moses.

Attacked while building a spur at St. Charles, Mo., Missouri, Kansas & Texas employes routed Wabash men with streams of water.

William Hessner fatally shot August Kline and wounded Arthur Lester in a quarrel at Lyford, Ind. Hessner surrendered to the police.

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The members of Swarts lodge are talking of a public installation. Swarts lodge will soon visit one of the lodges in this vicinity.

The officers elect of Mazeppa encampment are as follows: Chief patriarch, Charles F. Ide; high priest, "A. N. Taylor; senior warden, George O. Terbrigan; junior warden, Samuel E. Deane; recording scribe, Edward B. Luther; financial scribe, Charles H. Nattage; treasurer, Henry A. Remington.

The officers of Friendly Union lodge are to be publicly installed Thursday evening, Jan. 4. An interesting literary and musical entertainment will be given. A committee was appointed at the meeting of Mizpah lodge Monday evening to draft suitable resolutions on the death of Sister Etta Wood who was the first to die since the lodge was instituted.

A large delegation from Reliance lodge and Mizpah Rebekah lodge took possession of the home of Brother and Sister Benjamin F. Pierce last Tuesday, the cause of the trouble being the birthday of Mrs. Pierce. There was plenty of music and other sorts of amusement that afforded all a very pleasant evening.

Fraternity encampment will meet Thursday evening, when officers for the coming year will be elected. Mizpah Rebekah lodge has accepted an invitation from Reliance lodge to be present in a body on Tuesday evening, Jan. 2, when the officers-elect will be publicly installed.

Anchor lodge finished all of its degree work for the year Monday evening by conferring the second and third degrees on one candidate. There is however, a proposition for membership in the hands of one of the members, who will present it at the next meeting.

The officers of James Wood lodge spent a portion of Tuesday evening in examining the books of the lodge, and it was ascertained that the numerical and financial account had been somewhat bettered during the year.

Brother David J. Taylor of Moshassuck encampment, who has been confined to his home for a number of years with rheumatism, is able at the present time to get about the house with the aid of a cane and crutch.

Mazepa Encampment has decided to hold a fair.

The members of Unity lodge with their families and friends celebrated the 22d anniversary of that prosperous and popular organization Tuesday evening.

At the session of the Indiana grand encampment at Indianapolis Grand Master Enoch J. Hogate reported that there was due the grand lodge by Theodore P. Haughey, president of the suspended Indianapolis National bank and late grand treasurer of the I. O. O. F. of Indiana, $42,366.87; that sureties surrendered by Mr. Haughey to secure the grand lodge have a prospective value of $45,250, but the future can only develop what can be realized. The report also showed that Haughey's failure will embarrass the finances of the Home for Old and Indigent Odd Fellows and their wives and widows.

The Rebekahs are taking Iowa by storm. Fifty-five Rebekah lodges have been instituted in the jurisdiction during the past year.

The Rebekah degree was adopted Sept. 20, 1851.

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Wire News in Brief.

It is said that the reilure of the Indianapolis National Bank has entirely swept away the small fortune left by the late ex-Vice-President Colfax to his widow.

John Myers, a ranchman on Eik Creek, Wyo., was found dead in bed, with a deep cut in his forehead and his feet and legs burned to a crisp. He was evidently murdered, and an effort made to burn the house to conceal the crime.

F. B. Fleming, Western manager of the Fidelity Mutual Life Insurance Company, of Philadelphia, was fined in Chicago yesterday for an assault on H. B. Jonston, General Agent of the Mutual Reserve Fund Association, of New York.

Fay Parshley, aged thirteen years, died at Dexter, Me., yesterday, from injuries received in a coasting accident.

Arthur Dudley Vinton, attorney of the Prescott and Arizona Central Railroad, yesterday, filed a petition at Prescott, Ariz., for the appointment of a receiver for the Atlantic and Pacific Railroad.

The entire establishment of the Pennsylvania Steel Company, at Steelton, Pa., with the exception of the frog-switch and signal department and two furnaces, will close down on Saturday for an indefinite period.

Col. John T. Terry, a pioneer citizen of San Antonio, Tex., is dead. He was the last surviving member of the staff of Gen. Sam. Houston.

Fire at Hillsboro, Bosque, County, Tex., destroyed a block in which were located many of the heaviest business houses of the town. The loss is estimated at $25,000.

The Macon, Ga., Evening News went into the hands of a receiver yesterday.

A low wooden building, 300 feet long, and occupied as stores and offices, was burned at Fall River, Mass., last night, entailing a loss of $54,500.

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They Didn't Want the Stock.

The Citizens' Bank of Noblesville, sued recently by receiver Hawkins to collect $7,900 stock in the Indianapolis National, filed an answer in the federal court yesterday in which it is charged that Theodore P. Haughey as president of both banks, in violation of the banking laws, transferred to the credit of the Noblesville bank July 31, 1885, the stock which the receiver is now trying to assess. On the ground that the latter institution had no lawful right to own stock in another bank the answer claims that it is not liable for the receiver's assessment.

The Cooper Insurance Company of Ohio, sued by the receiver to collect $12,000 stock assessment, answered yesterday, making a similar claim to the one advanced by the Noblesville bank.

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PERSONAL AND POLITICAL

ON the 8th Rev. W. M. Thompson, aged 85, the well-known author of "The Land and the Book," and for forty-five years a missionary in Asia Minor, died at his daughter's home in Denver, Col. REPRESENTATIVE WHITING, of Michigan, has announced himself a candidate for the gubernatorial nomination. J. W. WOOD, ex-treasurer' of Calhoun county, Mich., and grand receiver of the A. O. U. W., has been missing since March 26. His books are in the hands of the officers of the organization. who are investigating his accounts for six years-the time he has held office-and up to the 9th they had found a shortage of over $5,000. ON the 10th the trials of Francis Coffin, Percival Coffin and A. S. Reed, charged with aiding and abetting Theodore P. Haughey in wrecking the Indianapolis national bank, were begun in the federal court at Indianapolis, Ind. IN a special bulletin issued on the 10th the pope nominated Cardinal Ramsey, papal secretary of state, as arch-priest of St. Peters. His holiness declares that this action is taken in recognition of the cardinal's great services to the church. ON the 10th George William Thomas Brudell-Bruce, marquis of Ailesbury, died in London. He was born in 1863. He was a noted rake, a spendthrift, and although he inherited large property, he died actually a bankrupt. His wife was a notorious woman, known as Dolly Tester.

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THE MONEY "PLANTED."

Government May Investigate-Pleas for Schuyler Haughey.

Mr. Kern says the receiver for the Indianapolis National Bank will bring a suit in a short time to determine the exact claim the bank has on the cabinet company property under the mortgage it holds. He thinks the bank may pay 50 cents on the dollar if the entire plant passes to the assets of the bank. There have been no offers yet reported for the property.

Mr. Kern says the other bank cases will be taken up on the days they are set and prosecuted vigorously. Scuyler Haughey's prosecuted vigorously. Schuyler Haughey's case will be tried next, although it was reported on strong authority that the case would go over until September.

The government's attorneys have been approached by relatives of Schuyler Haughey beseeching them to be merciful in their treatment of the young man. The attorneys have told these relatives in every instance that they were sworn to do their duty, regardless of consequences. Schuyler Haughey has a young son by his first wife, and her relatives feel the disgrace that has come on the child's father.

It is not unlikely that the government will make some attempt to find where the Coffins have "planted" the money which they looted from the bank. The evidence in the case showed that within the last year the Coffins obtained an immense sum of money from the bank, and as they met no heavy reverses nor made repairs or additions to their plant, it is presumed that they have money hidden away somewhere. It will be some time, however, before they will have an opportunity to enjoy any of it.

Mr. Harris and the Branch Concerns.

In his testimony F. A. Coffin said that the various branch concerns had been organized after consultation with A. C. Harris, attorney for the cabinet company. This advice had reference merely to the legal

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Bank Wreckers Sentenced

INDIANAPOLIS, June 4.-F. A. Coffin, P. B. Coffin and Albert S. Reed, the convicted bank looters, were arraigned in federal court here today for sentence. Francis Coffin got ten years and Percival Coffin five years, while Reed, who was merely a tool of the Coffins, was released on suspended sentence, mercy being shown in his case. The three men accused are as officers of the Indianapolis Cabinet company, with aiding President Hnghey in wrecking the Indianapolis National bank, of which the latter was president.

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COURT WAS LACHRYMOSE

Afficting Scenes at the Sentencing of a Bank President. ILDIANAPOLIS, Ind., June 7.-Theodore P. Haughey, the aged ex president of the wrecked Indianapolis National bank, was given six years in the penitentiary this morniny. A few months ago he pleaded guilty to misapplying the funds of the bank and thereby avoided a public trial. In passing sentence Judge Baker broke down and cried like a child. He said that it was the most painful duty of his life. The prisoner was taken to the northern penitentiary at noon today. He will be assigned to the hospital department, and will be granted every free dom possible under the prison rules. Haughey was a member of one of the prominent churches of this city and a well known Mason. His beautiful suburban home at Mapleton is all that has been saved. His mother, nearly 90 years of age, knows nothing of her son's downfall.

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Did Not Profit by Bank Stock Purchase

Charles E. Coffin yesterday filed his answer in the federal court to the complaint brought against him by Edward Hawkins, receiver of the Indianapolis National Bank on note for $1,000. The paper was found among the bank's assets when the receiver took charge of its affairs. The answer sets up that President Haughey told the defendant there was a block of the bank's stock on the market which could be bought for $1,000, and asked him (Coffin) to buy it. This Coffin refused to do at the time.

Afterward Mr. Haughey called Coffin into the bank and asked him as a friend to allow the use of his name on a note for the stock which he (Haughey) was going to buy, but did not want it to appear that the bank was buying up its stock. This Mr. Coffin says he reluctantly consented to do, and he in no way profited by the purchase.

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BANK'S LIEN IS GOOD

DECISION AS TO INDIANAPOLIS CABINET COMPANY MORTGAGE.

Judge Brown Rules in Favor of Receiver Hawkins-Street-Car Argument Postponed.

In the Circuit Court, yesterday morning, Judge Brown rendered a decision in favor of Edward Hawkins, receiver, in the Indianapolis Cabinet Company litigation. When Newton Todd, one of the creditors of the insolvent company, secured the appointment of a receiver Edward Hawkins, receiver of the Indianapolis National Bank, filed an intervening petition to foreclose a $250,000 mortgage given by the company to the bank. The petition of Mr. Hawkins was contested on numerous grounds, one of which was that under the authority given the board of directors of the cabinet company to dispose of the bonds the delivery to the bank was not sufficient. Also, that the mortgage did not cover a large amount of property acquired after the receiver was appointed. Judge Brown held that the mortgage possessed by the bank was a lien upon the property of the cabinet company. The effect of the decision will be to secure for the creditors of the bank the money brought by the sale of the plant a year ago.