a5068e8cFull suspension
Other: Voluntary liquidation initiated by directors; depositors to be paid in full.
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A Kokomo Bank Goes Into Liquidation. Special to the Indianapolis Journal. KoKoMo, Jan. 1.-The First National Bank has gone into voluntary liquidation, that conclusion having been reached to-night. A steady but quiet run has been made during the past thirty days, and the deposit line has been- reduced about $100,000. The assets are ample to pay all creditors in full. The bank had applied for an extension of charter, which expired on the 14th inst.
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Telegraphic Briefs. Fire in New Orleans yesterday did $10,000 damage to the store and stock of Sheurer & Becker, wholesale grocers. Pat'k Brady, a longshoreman, was found lying in a house in west 29th street, New York, last night with a bullet wound in his forehead. lie was shot by Patrick Conley in a drunken quarrel. Conley succeeded in eluding arrest. The wounded man will die. Mrs. Juliana Smith, aged 75, died in Bellevue hospital. New York, on Wednesday, from the effects of severe burns. She was friendless, but a son of hers is said to be a broker in New York and a daughter the wife of a prominent judge at Chillicothe, Ohio. The $1,500,000 new first mortgage extension bonds, offered by the Chicago, Rock Island and Pacific Rallway company, have been taken at 104 by one banking house. A project is on foot to bund an iron bridge a mile long across the Mississippi river between North McGregor, Pa., and Prairie du Chien, Wis., on the line of the St. Paul railway. The cost will be between $800,000 and $1,000,000. The First National bank of Hokomo, Ind., has gone into voluntary liquidation. A steady but, quiet run had been made on the bank during the past thirty days, and the deposits had been reduced about $100,000. Depositors will be paid in full. The Italian bark, Avo Cristoforo, has arrived at Baltimore from Antwerp, with 7 feet of water in her hold. She sprang a-eak December 12, and the pumps getting out or order. the crew was kept busy balling the water out with buckets until she reach. ed Baltimore. James Hart, of St. Louis, was run over and instantly killed last evening by a switch-engine on the Louisville, New Orieaus and Texas railroad.
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Voluntary Liquidation. INDIANAPOLIS, January 2.-A Kokomo dispatch to the Journal says: The First National Bank of this place has gone into voluntary liquidation, the directors having determined on this course. A steady but quiet run had been made on the bank during the past 30 days, and the deposits had been reduced about $100,000. The assets are ample to pay the depositors in full.
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TELEGRAPHIC. GENERAL NOTES. A PROHIBITORY liquor ordinance has gone into effect at Hot Springs, Ark., with a limit of two years. MERRILL & Co., lumber dealers, of Pittsfield, Mass., are embarrassed. Liabilities from $60,000 $80,000; assets, $60,000. ONE HUNDRED weavers in Johnson's mill, at North Adams, struck Friday against a reduction, and were ordered from their tenements. ENCKE'S comet, on its return trip, was discovered, Friday evening, at Nashville DV E. E. Barnard, of the Vanderbilt University Observatory. THE remains of Russell Hancock, son of General W. S. Hancock, were interred Friday at St. Louis. Deceased leaves a widow and three children. THE Slattery family formed a syndicate Thursday at Shenandonh, Pa., to prosecute claims for property worth $500,000 in England, Scotland and India. THE body of Dr. James H. Harris, a well-known physician who died suddenly Friday at Indianapolis, was turned over for dissection to the Medical College. His will contained this stipulation, and his wife entered no objection. THE First National bank of Kokomo, Ind., has gone into voluntary liquidation. A steady but quiet run has been made on the bank during the last thirty days, and the deposits have been redue. ed about $100,000. T.e assets are ample to pay depositors in full. IT is said that the next demand to be made by Queen Victoria upon "her faithful Commons" will be for a dowry of $150,000 for her daughter, Princess Beatrice, upon the latter's marriage to Prince Henry, of Battenberg, and for an annuity of $30,000 for the young couple thereafter. A PROMINENT government official in Washington says that when in New York a few days ago he learned that five physicians had been called in consultation, to examine the state of General Grant's health, and that they had arrived at the conclusion that the general was completely broken down, physically, and required absolute rest. THE Wisconsin railroads report substantially the same amount of earnings as last year. The Wisconsin Central reports less earnings. The Milwaukee and Northern earned about $40,000 more than last year; the Milwaukee and Lake Shore $73,725 more, The Chicago, Milwankee & St. Paul earn about $200,000 less than last year, but they have reduced expenses about one million. BRISTOL tunnel, three miles south of New Lexington, on the Newark and Shawnee branch of the Baltimore and Ohio Railroad, was fired on New Year's at both ends. is tunnel night heavily timbered, The roof and of there the are solid walls of coal on either side of it. This is now all on fire, and 300 feet of the tunnel has caved in. The tunnel is about 1,000 feet long. The loss to the railroad company will reach $20,000
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ORA J. DAVIES RESIGNS POST Dec. ignation of Ora Davies, of Kokomo, Ind., receiver for the First National Bank Sheridan and the First National Bank of accepted to-day by Joseph of currency Davies, former treasurer. recently was indicted by Howard county, Indiana, grand jury in connection affairs the AmerTrust Kokomo, Ind. The indictment charged that Davies, while treasurer, unlawfully received money from the American Trust The company was closed few the state the grand Luther Symons, state banking commissioner: Thomas Barr, deputy commissioner: Frank H. the was closed, and several others.