Bank of Commerce (Nashville, TN)

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A Bank Assigns

NASHVILLE, March 27.-The Bank of Commerce has assigned in anticipation of a run. The deposits amounted only to about $50,000. The failure of certain persons largely indebted to the bank to meet their obligations put the bank in a position not to be able to stand a run. The assets of the bank are about $100,000.

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Two More Banks Close Their Doors and Other Failures Looked For. NASHVILLE, Tenn., March 27. - This city is in a state of panic and the streets are filled with of hundreds of excited citizens. In addition to the failure of the Commercial National Bank on Saturday two more closed their doors this morning. They are the Mechanics Bank with a capital of $500,000, and the Bank of Commerce, with a capital of $250,000. The greatest uneasiness prevails in financial circles as it is expected two other banks will be compelled to shut down. Over $300,000 are involved in the failure of the three banks mentioned and at least a dozen small banks in djacent town are in tem porary financial straits. The Bank of Commerce made an as. signment this morning, naming John T. Lellyett as assignee. This action was precipitated by the general appre. hersion of a run on the bank which the officers believed would be made. Deposits were not large, aggregating only $50,000, $15,000 of which was small deposits, ranging from $5 upward in the savings department. The president of the bank, J. H. Yarbrough, is not in the city. J. N. Brooks, cashier, said the suspension was due mainly to the failure of certain parties who were largely indebted to the bank to mee: their obligations. Brooks declined to state who the parties were.

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NASHVILLE IN A STATE OF PANIC

Two More Banking Firms Likely to be Driven to the Wall, NASHVILLE, Tenn., March 28-The Bank of Commorce made an assignment yesterday, naming John T. Lellyett as assignee. This action was precipitated by the general apprehension of a run on the bank which the officers believed would be made. The deposits were not large, aggregating only $50,000, $15,000 of which was small deposits, ranging from $5 upward in the savings department. J. N. Brooks, the cashier, said thesuspension wasdue mainly to the failure of certain parties who are largely indebted to the bank to meet their obligations. Mr. Brooks declined to state who the parties were. The city is in a state of panic and the streets are filled with hundreds of excited citizens. In addition to the failure of the Commercial National bank on Saturday, two more banks closed their doors yesterday. They are the Mechanics' Saving bank, with a capital of $500,000 and the Bank of Commerce, with a capital of $250,000. The great uneasiness prevails in financial circles and it is expected two other banks will be compelled to shut down. Over $8,000,000 are involved in the failure of the three banks mentioned above, and at least a dozen small banks in adjacent towns are in temporary financial straights.

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Nashville Bank Assignment NASHVILLE, March 27-The Bank of Commerce has assigned, in anticipation of a run. The deposits amounted only to about $50,000. The failure of certain persons, largely indebted to the bank, to meet their obligations put the bank in a position not to be able to sta d a run. The assets of the bank are about $100,000.

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IN A STATE OF PANIC

Three Bank Failures at Nashville Expected to Be Followed by More. NASHVILLE, March 28.-This city is in a state of panic; in addition to the failure of the First Commercial bank on Saturday, the Mechanics' Savings bank, with a capital of $500, 000, and the Bank of Commerce, with a capital of $250,000, have closed their doors. The greatest uneasiness prevails in financial circles, and it is expected two other banks will be compelled to shut down. At least a dozen small banks in adjacent towns are in temporary financial straits.

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THE BANK WENT UNDER

FAILUREOF THE RANK OF COM. MERCE, NASHVILLE. The Action Precipitated by Apprehension of a Run on the Bank by Depositors. NASHVILLE, March 27 - The Bank of Commerce made an assignment this morning, making Joha T. Lellyett the assiguee. This action wss precipitated by the general apprehension of a run on the bank which the officers believed would be made. The deposits were not large. aggregating only $50,000. $15,000 of whien was small deposits, ranging 'rom $5 upward in the savings depart ment. The president of the bank, J H Yarborough, is not in the city. Mr. J M. Brooks. the cashier, said the suspenion was due mainly to the failure of certain persons who are largely indebted to the bank to meet their obligations. Mr. Brooks declined to state who the parties were.

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ASSIGNED IN ANTICIPATION

Nashville, March 27.-The bank of Commerce assigned in anticipation of a run. The deposits amounted to only about fifty thousand dollars. The failure of certain persons largely indebted to the bank to meet obligations, put the bank in a position not to be able to stand a run. The assets of the bank are about one hundred thousand dollars.

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Three Big Banks at Nashville, Tenn., Have Gone to the Wall Since Saturday. And Two More Are Thought Likely to Suspend Payment at Any Time. The Amount Involved in the Failures Foots Up Three Million Dollars. NASHVILLE, Tenn., March 3.-This city is in a state of panic and thestreets are filled with hundreds of excited citizens In addition to the failure of the Commercial National bank on Saturday, two more banks have closed theirdoors. They are the Mechanics Savings bank, with a capital stock of $500,000, and the Bank of Commerce, with a capitalstock of $250,000. The greatest uneasiness prevails in financial circles as it is expected two other banks will be comspelled to shut down before the close of bnsiness hours. Over $3,000,000 are involved in the failure of the three banks mentioned above and at least a dozen small banks in adjacent towns are in temporary financial straits.

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THREE BANKS GO UNDER

Citizens of Nashville Are Greatly Excited Over a. Financial Panic. NASHVILLE, March 28.-This city is in a state of panic and the streets are filled with hundreds of excited citizens. In addition to the failure of the First Commermercial National bank on Saturday, two more banks closed their doors yesterday. They are the Mechanics' Savings bank, with a capital of $500,000, and the Bank of Commerce, with a capital of $250,000. The greatest uneasiness prevails in financial circles, and it is expected two other banks will be compelled to shut down. Over $3,000,000 is involved in the failure of the three banks mentioned above, and at least a dozen small banks in adjacent towns are in temporary financial straits.

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Bank Closed

NASHVILLE, TENN., March 27.-The Bank of Commerce made an assignment this morning naming John T. Lelliott as assignee. The action was precipitated by fears of a run on the bank. The deposits were not large, aggregating only about $50,000.

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S. J. Keith, president of the Fourth National Bank, said that the situation was nothing like as bad as it might appear. Although during the morning one small bank had closed its doors permanently and another availed itself of the sixty days allowed savings banks, yet it was evident that the other banks were amply prepared to take care of themselves, and as for the Fourth National, it was never, in its twenty-seven years of business, better prepared to take care of its customers, and, in fact, had during the day taken over a great many new depositors and the deposits were largely in excess of the checks. He said the business condition of the city was entirely healthy and would not be seriously disturbed because disaster had overtaken the Commercial National.

Pledging Their Fortunes.

Before the doors of the First National bank were opened a large crowd had gathered on the pavement and in the streets. It appeared that a decided run on the bank would be made, but when the doors finally opened there was no general rush, though a steady stream of men flowed into the bank. From that time until noon there was a mild run, but the amount deposited during the same time was vastly in excess of the amount taken out. Only small depositors, such as had amounts in sums ranging under $1,000, presented checks to be cashed, while the state and firms and corporations that are in the habit of dealing with the First National deposited unusually large sums. It was generally said in addition to this that that the bank had received some $800,000 by express today. At no time was there the least excitement. Those depositors who felt panicky simply came up and drew out their money and went quietly away. The space around the railing of this bank was more crowded all morning than that of any other bank.

The following notice was posted above the paying teller's window in the American National bank today:

We, the undersigned, hereby pledge and bind our personal estates to pay and satisfy any obligations of the American National bank.

V. L. Kirkman, W. W. Berry, C. D. Berry, Byrd Douglass, J. E. Harris, Benj. B. Allen, N. Kirkman, Thomas J. Weaver, Richard Cheatham, Joseph W. Allen, W. H. Jackson, R. L. Weakley, A. W. Harris, A. H. Robinson, R. W. Turner, E. H. Fall, Thomas Craighead, James Burns.

About the bank everything was as calm and orderly as at any previous time. The regular business was transacted without the least hitch or excitement. The bank took in more money than it paid out. For the benefit of small depositors the doors were kept open until 4 o'clock this afternoon.

Shortly after 10 o'clock the following notice was posted on the door of the Bank of Commerce:

"Board of directors in meeting considering affairs of bank. No business done today. J. N. BROOKS, Cashier."

Bank of Commerce Assigns.

The Bank of Commerce made an assignment this morning, naming John T. Lellyett as assignee. This action was precipitated by the general apprehension of a run on the bank, which the officers believed would be made.

The deposits were not large, aggregating only about $50,000, $15,000 of which was by small depositors, ranging from $5 upward in the saving department. The bank might have availed itself of the sixty days' notice for the withdrawal of these deposits, which would, however, not have prevented the withdrawal of regular deposits, thus placing the small savings depositors at a disadvantage. To avoid this, and also because the small depositors were laboring people, and would, therefore, perhaps, be at their work and not on hand to claim what was their own with the others during the morning, the directors determined, in the interest of all depositors alike, to close the bank.

The withdrawal of deposits from the bank has been going on gradually for some days—so late Saturday evening it was thought suspension on Monday would become necessary, and in order that the savings deposits put into the bank late Saturday evening by the laboring people might not share the fate of those made on former days, such deposits, although accepted, were not entered upon the regular bank books, but purposely treated as special deposits, and will be at once returned to the depositors upon call.

The president of the bank, J. H. Yarbrough, is not in the city. J. N. Brooks, the cashier, said the suspension was due mainly to the failure of certain parties who are largely in debt to the bank to meet their obligations. Mr. Brooks declined to state who the parties were, but from outside sources it was learned that at the time C. B. Duncan was cashier large sums of money were loaned to W. M. Duncan and Duncan & Gaines, which, owing to their misfortune, they had been unable to pay.

The financial status of the bank is approximately as follows:

ASSETS. Notes discounted $76,000 Real estate and cash 21,700—$97,700

LIABILITIES. Capital stock paid in $27,500 Deposits, savings account 14,000 Deposits, special account 15,000 General deposits 19,000 Profit and loss 22,200—$97,700

Mr. Brooks said to a Banner reporter: "You may say for me that not a single present director or officer of the bank owes a dollar to the bank; on the contrary, some of them are losers as depositors. I don't know what the final outcome will be. If we can collect our debts the stockholders, as well as depositors, will be paid 100 cents on the dollar, and if we collect only one-half of the debts, the depositors ought not to lose a farthing."

There was a great deal of sympathy expressed for Mr. Brooks who has the confidence of the community and feels very deeply depressed because of his inability to stem the current.

John P. White and J. H. Yarbrough are among the largest stockholders, but as they are men of means they can stand the loss even though the stockholders should fail to realize in full their holdings.

E. B. Stahlman, who is one of the directors of the bank, happening to be in the city, was asked to meet with the board, and after hearing a free statement from Mr. Brooks as to the condition of the bank, advised the assignment, making, if possible, preferred creditors of the small depositors who had put their money into the savings department of the bank.

Mr. Stahlman says if those who owe the bank will half way do their duty the depositors will not lose a dollar.

Speaking of his connection with the bank he said: "I have not attended a meeting of the board of directors in three years; continuous absence has kept me from doing so. I will say this, however, if the matter had been taken in hand last Saturday with vigor the bank would not have been compelled to close its doors. I proposed even this morning to help raise money, but no one else responded. The truth is Mr. Brooks has not been properly supported in his effort to keep the bank in good shape. I feel very sorry for Mr. Brooks, who personally made every sacrifice in his power to avert the trouble."

During the attempted run on the Mechanics' Savings Bank and Trust company Joseph G. Branch walked into the bank and announced that he had deposited in the bank $3,500 and he was satisfied to allow it to stand. He was perfectly satisfied that it was safe and he would be paid in full. He approved of the course taken by the directors.

This was the only display of confidence. A depositor from Maury county, who has an equal amount deposited in this bank, called in to say that he had $3,500 more which, if the bank needed, he was ready to transfer to the Mechanics' vaults.

No Cause for Alarm.

Gen. W. H. Jackson, a director of the American National bank, said today in an interview: "No, sir, there is no cause for alarm beyond what has happened to the Commercial Saturday.

"The other banks are solid, even more solid than ever before. This is due to the fact that the officers have been more conservative for the past six months than they have ever been before.

"The strain for popularity is what gives very high tension to any bank. Any popularity in a bank that is not based on conservative management which inspires the confidence of the public is not worth having."

J. H. Fullton, cashier of the Capitol City bank, said when approached: "The situation is all right. Some excitement is the natural consequence of the failure of the Commercial, but there is no need of alarm.

"The savings banks which have temporarily suspended payment were keeping accounts at the Commercial, and this, of course, created uneasiness and caused the attempted runs. The cause of the Commercial's losses was peculiar to that bank alone. Other banks are in as good shape as ever.

"Our bank is doing a good business today. Our deposits are equal to any day, and are in excess of the amounts drawn out. We apprehend no trouble at all."

President Settle, of the City Savings bank, said at noon that his bank had received more deposits by several thousand than had been drawn out, and that the checks drawn on the bank were in the main in the usual order of business.

A. W. Harris, cashier of the American National bank, said this afternoon that the situation was much more favorable than anyone could possibly have expected so soon after the failure of the Commercial National bank, and in view of the magnitude of the failure.

"This community is one which has great confidence in its banks, and this is properly so. As a rule the banks are characterized by the conservative methods of management, and it would be difficult to shake the confidence of the public.

"The apprehension has almost entirely died out, and, as you can see, there is little or no excitement now existing.

"The directors of all the banks have acted nobly in coming to the support of their institutions, pledging their personal estate to the maintenance of their credit, and I take this as the greatest commendation that could be shown the banks."

Business at all of the open banks has been satisfactory today.

At the First National bank it was impossible to give the figures as to the excess of deposits over the amount paid out. But the amount was very large. Two deposits were made aggregating $200,000. No large amounts were drawn out.

At the Fourth National bank the amounts deposited were probably five or six times in the aggregate as large as the amounts drawn out.

At the American National bank the deposits were far in excess of the amounts paid out. Two gentlemen early in the day drew out $8,000 each. One of them presently returned the same $8,000 that he had drawn out and the other $10,000.

The deposits at the Capital City bank were easily in excess of the amounts checked out.

The City Savings bank, which is the youngest institution of its kind, took in $7,000 over amounts paid out. The day was very satisfactory to them.

At the Merchants' bank the deposits were largely in excess of checks. Here, also, the day was very satisfactory.

At the Mechanics' bank the excess of deposits was $671.61.

The deposits at the Union Bank and Trust company exceeded the checks by 50 per cent.

NOW THE LAW.

President Spurr and Cashier Porterfield Are Likely to Be Arrested—Lewis T. Baxter Makes a Personal Assignment. Special to The Chattanooga Times.

Nashville, March 27.—It has been difficult to learn exactly the status of the monetary panic which is at present absorbing the interest of the Nashville public. It is admitted that the condition of the Bank of Commerce is in a state of total collapse, though Mr. Brooks, the cashier, still thinks and states that all depositors will be paid dollar for dollar. The Mechanics' Savings bank is in a comparatively safe condition and their doors will probably be open tomorrow. Lewis T. Baxter, president of the bank, this afternoon made a partial personal assignment. He was indebted to the bank to the extent of about $25,000, but M. T. Bryant, one of the directors in the bank, and its attorney, tonight stated that this would not materially increase the bank's embarrassment, as Mr. Baxter had secured his indebtedness to them. Mr. McKnight, the United States bank examiner, is on the scene and it is rumored tonight that arrests will be made in the case of the Commercial Bank in a few days. Mr. McKnight was questioned upon this subject tonight, but stated that he had ordered no arrests. If arrests are made they will probably be Maj. M. A. Spurr, president of the bank, and Frank Porterfield, the cashier. Mr. Porterfield is at his home in a state of almost mental distraction. Rumors of suicide have been afloat all day in which his name was connected, but they are false. Mr. Baxter's personal assets are about $100,000. Mr. Baxter's assignment was made solely to secure the Mechanics' Savings bank, which is done by surrendering personal property. Leading bankers and citizens are inclined to think that the worst is over and that business will not be further demoralized.

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ENEWS CONDENSED Little Rock, Ark., the Democratic central committee selected June 22 he date for holding the state convendetachment of Haytian revolutionists crossed from San Domingo and Ind Haytl. Maginat fears this unauthor Invasion may seriously interfere with plans. e Wisconsin legislature has adopted a orial to congress asking a submission amendment to the federal constituUnited In providing for the election of AS senators by a popular vote. O Italians, Antonio Lonzo and Louis Igno, maddened by drink and jealousy, at 8 duel with knives on the streets harpsburg last night. Both were so Y Injured neither will recover. Boston, Mass., the annual meeting of American Bell Telephone company was yesterday, The old directors and it's were re-elected and it was voted crease the capital stock to $20,000,strike of the Monongahela Valley is is practically ended, and before the the week It is probable all of the old men will be back at work. Fully strikers returned to the mines yesay. >AT Danville, Ky., Dick Crowder shot Instantly killed James Mender and ded John Harp so badly he died in NY hours. All the paties were mooners who had been conducting a still ing Gulch. Hawley, king of green goods swindand represented to be a nephew of d States Senator Hawley is under at Chicago. Postal inspectors think have evidence enough against Hawley the conviction sure. is announced that Vice-President of the Missouri, Kansas and Texas has tendered his resignation and has succeeded by F. B. Underwood, ml manager of the Minneapolis, St. and Sault Ste Main railway. Bank of Commerce of Nashville, made an assignment yesterday to T. Tellyitt, assignee. This action precipitated by the general appreon of a run on the bank, which the of the bank believed would be Deposits are not large, aggregatonly about $50,000. of which $15,000 small deposits, ranging from $5 upin the savings department. Charles Gudden and wife of LoMass., Ex-Governor James A. Wesand daughter of Manchester, N. H., y Gordon of Boston, and Mayor Franewett of Lowell, Mass., are at Gallooking into the condition of the wwestern Telephone and Telegraph Many with a view to its betterment. Budden is the treasurer of the comand the other gentlemen are direccount of Paris has sent a circular to the monarchistic committees stenout France. In it he says substan"the present movement Is most the chamber has lost credit Without the country: the government 7.00 courage to act against the Socialit is powerless at home and devold thority abroad. The time has come for ght minded men to unite in a supreme to restore the honor of France."

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TWO MORE BANKS FAIL

Great Excitement Caused By Further Financial Crashes at Nashville. NASHVILLE, Tenn.. March 27.-This city is in a state of panic and the streets are filled with hundreds of excited citizens. Following the faiure of the Commercial National Bank on Saturday, two more banks closed their doors this morning. They are the Mechanies' Savings Bank, with a capital of $500,000, and the Bank of Commerce, with a capital of $250,000. The greatest uneasiness prevails in financial circles. as it is expected that two other banks will be compelled to shut down before the close of business hours this afternoon. Over $3,000,000 is involved in the failure of the three banks mentioned above and at least a dozen small banks in adjacent towns are in temporary financial straits.

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Nashville's Bank Flurry

Nashville, Tenn., March 28.-The financial panic was resumed here this morning, and hundreds of depositors withdrew their money, but in nearly every instance redeposited. as they saw that there was no cause for alarm. Two small banks, the Mechanics' and the Bank of Commerce, availed themselves of the sixty. day law. One, and probably both, will resume business. The excitement to-night had subsided, and no more trouble is feared.

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NASHVILLE BANK FAILS

/ The Commerce Depository Passes Into an Assignee's Hands. NASHVILLE, Tenn., March 27.-The Bank of Commerce made an assignment this morning, naming John T. Lellyett as assignee. This action was precipitated by the general apprehension of a run on the bank, which the officers believed would be made. The deposits are not large, aggregating only about $50,000 to $75,000, a large part of which are in small deposits, ranging from $5 upward in the savings department. The president of the bank, J. H. Yarborough, is not in the city. J. N. Brooks, the cashier, said the suspension was due mainly to the failure of certain parties who are largely indebted to the bank to meet their obligations. Mr. Brooks declined to state who the parties were, but from outside sources it was learned that at the time that C. B. Duncan was cashier, large sums of money were loaned to W. M. Duncan and Duncan & Gaines, which, owing to their misfortune, they had been unable to pay. Tne assets and liabilities are about $100,000 each.

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BANK FAILURES.

The Commercial National, the Bank of Commerce and The Mechanics Saving Bank and Trust Co., of Nashville, all Suspend Payment.

On last Saturday the whole business world of Nashville was thrown into consternation by the suspension of the Commercial National Bank. This was one of the strongest banks in the city, and there had never been the least suspicion of anything wrong with it. This bank has always done a large business with the cotton house of Dobbins & Dazey, and it was their custom to cash the drafts drawn by the firm against cotton shipped to New York. The bank also permitted them to overdraw largely. The assignment of Dobbins & Dazey, owing the bank $263,000, was the cause of the suspension of the latter.

The following card has been published by the President of the bank.

"The failure of the firm of Dobbins & Dazey involved the bank in a heavy loss, the exact amount of which cannot yet be ascertained. The stringency of the money market East rendered it difficult to rediscount, and as rumors detrimental to the interest of the bank were being circulated on the streets of Nashville, and in order that a run on the bank might be avoided, and all creditors be permitted to share alike in its assets, a suspension was regarded as the only course left to the bank.

"Nearly the entire amount of the indebtedness of this firm to this bank was brought about by means of gross misstatements as to shipments of cotton made by Mr. Dazey to the cashier.

"From a careful estimate of the assets of the bank there can be no reasonable doubt but that all creditors will be paid in full just as soon as the assets of the bank can be realized on.

"Should the entire amount involved in the Dobbins & Dazey failure be a total loss and all other doubtful claims be charged off after exhausting the surplus and undivided profits, the impairment of the capital stock cannot be very great.

"The surplus and undivided profits amount to about $190,000." M. A. SPURR, President.

The assets and liabilities of the Bank are as follows:

ASSETS. Loans and discounts $1,600,000 Cash and cash items 144,000 Due from reserve agents.. 200,000 Due from other banks 225,000 Stocks, bonds and other securities: 125,000—$2,294,000.

LIABILITIES. Individual deposits $ 685,000 Certificates of deposit.. 93,000 Bank deposits 550,000 Re-discounts 150,000 Bills payable 200,000—$1,678,000

Capital stock $500,000 Surplus 100,000 Undivided profits 95,000 $695,000

Monday a bank examiner took charge of the Commercial, and announced that it would require several weeks to make an official statement.

The flurry in financial circles caused by the Commercial's failure on Saturday, admonished all the other banks to prepare for emergencies. On Monday morning, therefore, they prepared themselves for a run. When Monday came there was considerable excitement, and a good many checked out their accounts. All the larger banks met the demands upon them without any difficulty, and as confidence was restored, many who had checked out, redeposited their money.

The Bank of Commerce, as well as the Mechanic's Savings Bank, both small concerns, fearing the consequences of a run, both failed to open their doors at regular hours. In the afternoon the Bank of Commerce made an assignment and the Savings Bank gave 60 days notice to depositors, according to the State laws. This was done, not because of any financial weakness, but to prevent a run on it, that might have caused temporary inconvenience.

The capital stock of the Bank of Commerce is only $29,000, and its individual deposits, $50,000. This bank had $11,000 in the Commercial Bank.

ARRESTED.

Frank Porterfield, of the Broken Nashville Bank, in the Law's Clutches.

On last Wednesday, Frank Porterfield, cashier of the Commercial National Bank, of Nashville, which failed last week, was arrested. Since the failure, Mr. Porterfield has been at his home sick in bed with nervous prostration, and rumors have been flying thick to the effect that there was a heavy shortage in his account.

As a result of the partial examination of the bank's affairs which has been made by Bank Examiner McKnight, the arrest of Cashier Porterfield was ordered. He has been so popular in both financial and social circles that his friends could not believe the truth of the charges, but he confessed the shortage himself and said that it had been going on a long time and had been concealed by false entries on the books.

He was placed under bond of $10,000, which he gave immediately, to appear at the next term of the Federal Court.

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Nashville's Bank Fluiry, Nashville, Tenn. March 28 The finan cial panic was resumed here this morning and hundreds of depositors withdrew their money but in nearly every instance redeposited a they saw that there was no cause for alarm Two small banks, the Mechanics and the Bank of Commerce. availed themselves of the sixfy day law One and probably both. will resume business The exeitementto-night had subsided. and no more trouble is feared.

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TELEGRAPHIC

WASHINGTON, D. C., March 27.-The report of the majority and minority the contested election case of L. E. Mantle, Senator appointed by the Governor of Montana, was made today, Hoar submitting a report of the majority in favor of seating Mantle. and Vance, chairman of the committee, a report agaiest the seating. There are two other cases, those of Beckwith, appointed by the Governor of Wyoming and Allen appointed by the Governor of Washington. In as much as the facts show the same test to be made in each case the Secator on whose credentials the report was made, it is not unlikely that as this is decided, so will be the othera. Both reports are rather lengthy and quote volumniously from the earlier decisions of the Senate upon cases dealing with the same questions. Minority reports adverse are to be made tomorrow by Vance. Call addressed the Senate on his resolution annulling the provision in the last legislative appropriation bill for the appointment of a commission of the Senate and the House to examine into the civil service of the executive departments. WASHINGTON, March 27.- The Presisident sent the following nominations to the Senate today: Felix A. Reeve Tennessee solicitor treasury; W. H. Seaman, Wisconsin U.S district judge eastern district of Wisconsin. Aibert B. Fall, New Mexico, associate justice of the supreme court of New Mexico; Samuel T. Fisher, Messachustte, assistant commissioner of Patents; Samuel F. Morse, Indiana, counsul general to Paris; Allen B. Morse, Michigan, consul at Glasgow: George J. Dennis, California, United States attorney for the southern district of California; Francisco Estudillo, California, agent for Indians Mission to Tale river Consolidated agency California, Postmasters; Mrs. A. Bates at Sonoma California. CHICAGO, March 27.-Horace Donahue, a well-known wealthy publisher, suicided today by cutting his throat with a razor in the presence of his wife. No cause known. CAICAGO, III., March 27.-From present indications it would appear that chinese laborers who reside in Chicago will all register under the Geary law and hat there will be no frictions. A good deal of inquiry has been made o late by chinese residing here as to the operation of the act and already several here have made application for registration. NASHVILLE, Tenn., March 27.-The Bank of Commerce has assigned in anticipation of a run. The deposits amounted to only about $50,000. Fail ure is due certain persons who are largely indebted to the bank being able to meet their obligations put the bank in a position not to be able to stand a run. Assette about $100,000. JACKSON, Mch., March 27.-Irving Latimer, under sentence imprisonment for life for the murder of his mother January 1889 is now at liberty armed with 8 riflle and it is not believed that ha can be captured alive. He has been allowed some privileges by night keeper Gill and took advantage of them to drug Gill and gate keeper Height, thus se curing the keys. Haight died from the effects of the poison. Gill is under ar rest as an accomplice in his escape. Hundreds of men are searching the city d surrounding country for him. ROME, March 25-The city is in a state of great excitement over an assault that was made this evening on King Humbert. The king was returning from the Villa Borghes where he had been spending a portion of the day, when a person having the general appearance of an Italian workingman threw a stone at the King, the missle almost striking the monarch. The as sailant was promptly taken in hand by the police and conveyed to prison, otherwise he would in all probability have been killed by the engry multitude. An immense crowd assembled cheered the king with frantic enthusiasm, and all the way to the palace the scene was like a triumphal procession. HONOLULU, March 28.- The uncertainity which prevails as to the probable fate of the Islands, so far as their annexation to the United States is concerned, is having a most depressing effect here. Business is du'l and 8 feeling of unrest has arisen. Opposition to annexation grows with the delay and the Royalists are showing more confidence in their assertain that the Queen will be restored to her throne. The resignation of the Minister of Finance, P. C.Jones, is reported because of ill health. There is an impression among certain prominent men here that Japan has designs on Hawair and would have annexed the Islands had not the United States forstalled her, If the United States abandons the protectorate Japan would declare that no government existed and would raise the Japanese flag. A company has been organized to engage in coffee growing on the Islands. SAN FRANCISCO, March 28.--The United States ship Alliance arrived from Honolulu this morning. She reports all quiet at the Islands, the only news being the resignation of Jones, Minister of Finance and the pointment of T. C. Porter in his place. Up to March 16, when the Allience left the American protectorate was still in force. SCRANTON, Pa., Mar. 28.-Barney McFadden, a miner, murdered his wife and

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Nashville's Bank Flurry

Nashville, Tenn., March 28.-The financial panic was resumed here this morning, and hundreds of depositors withdrew their money, but in nearly every instance redeposited. as they saw that there was no cause for alarm. Two small banks, the Mechanics' and the Bank of Commerce, availed themselves of the sixtyday law. One, and probably both, will resume business. The excitement,to-night had subsided, and no more trouble feared.

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A Panie at Nashville

NASHVILLE, Tenn, March 28.-This city is in a state of panicand the streets are filled with hundreds of excited citizens. In addition to the failure of the Commercial National bank on Saturday two more banks closed their doors yesterday. They are the Mechanics' Savings bank. with a capital of 8500,000. and the Bank of Commerce, with a capital of $250,000. The greatest uneastness prevails in financial circles, as it is expected two other banks will be compeiled to shut down. Over $8,000,000 is involved in the failure of the three banks mentioned above and at least a dozen small banks in financial straits