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New Albany Bank Suspends. NEW ALBANY, Ind. June 7.-The New Albany Banking company suspended payment this morning and closed its doors. The suspension was caused by the run made on the Bedford bank at Bedford, Indiana. yesterday, which forced it to close. It is claimed that the assets are $212,000. the liabilities 8100, 000, and that the depositors will be paid 100 cents on the dollar. A deed of as signment was today made to John H. Stotzenberg.
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Bank Closes at New Albany. NEW ALBANY, IND., June 7.-The New Albany Banking Co. suspended payment this morning and closed its doors. The suspension was caused by the run made on the Bedford Bank at Bedford, Ind., yesterday which forced it to close. It is claimed the assets are $212,000; its liabilities $100,000. A deed of assignmont was to-day made to John H. Stotzenberg.
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Banking Company Suspends. NEW ALBANY, IND., June 7.-The New Albany Banking Company suspended payment this morning and closed its doors. The suspension was caused by the run made on the Bedford Bank at Bedford, Ind., yesterday, which forced it to close. The principal stockholders in the two banks are identical. It is claimed the assets are $212,000 and liabilities $100,000, and that depositors will be paid one hundred cents on the dollar.
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A New Albany Bank Suspends. New Albany, Ind., June 7.-The New Albany Banking Company suspended payment this morning and closed its doors. The suspension was caused by the run made on the Bedford Bank, at Bedford, Ind., yesterday, which forced it to close. The principal stockholders in the two banks are identical. It is claimed that the assets are $217,000 and the liabilities $100,000, and that depositors will be paid 100 cents on the dollar.
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CONCERNING BUSINESS AND FINANCE. NEW YORK, June 7.-The direct liabilities of Erastus Wiman as scheduled are stated at $501,000; contingent liabilities $315,000. The assignees estimate the real estate in his possession as sufficient to pay the direct indebtedness unsecured by collateral and the surplus of collateral, together with interests in various companies can be applied to the liquidation of such contingent liabilities as may be found to exist after realization upon the assets which these represent. NEW YORK, June 7.-Direct liabilities of Thomas M. Barre & Co., coffee merchants, as scheduled, are $948,680: contingent llabilities $30,330; nominal assets $965,335; actual assets $308,697. CHICAGO, June .-Joseph Rathbone & Co., lumber dealers, made a voluntary assignment this morning. Assets are scheduled at $500,000, and liabilities at $250,000 Robert F. Shanklin, the assignee, is now in possession of the company's property. Inability to realize on commercial paper is given as the cause of the assignment. CLEVELAND, O., June 7.-A runis in progress on the St. Clair Street Branch of the East End Savings Bank Company. Many depositors were promptly paid. Offers from other city banks were received, but refused by the oficers who said their bank was entirely solvent and able to care for itself. The depositors are confined almost exclusively to workingmen. No cause is assigned except rumors due to failures in other cities. NEW ALBANY, June 7.-The New Albany Banking Company suspended payment this morning and closed its doors. The suspension was caused by the run made on the Bedford Bank, at Bedford, Ind., yesterday, which forced it to close. It is claimed the assets are $212,000: its liabilities $100,000. A deed of assignment was today made to John H. Stotzenberg. WASHINGTON, D. C., June 6.-Comptroller Eckels to day appointed Charles S. Winslow receiver of the Evanston National Bank of Evanston, Illinois. A telegram from Chicago received this afternoon by Mr. Eckels states the financialsituation there "is more cheerful.' MINNEAPOLIS, MINN., June 7.-A rnmor gained circulation to-day that two of the best known Elevator companies in the Northwest, the Northern Pacific and the Red River Valley, were temporarily embarrassed. The facts in the case as yet will not warrant the assertion that it is a business failure, although the statement comes direct from the general manager of the Northern Pacitic Elevator Company, that that corporation will ask for the appointment of a receiver. The capital stock of the Northern Pacific Elevator Company is $650,000 and of the Red River Valley Company, $250,000. The interests of both concerns are held largely by the same men. A later telegram from Wheatland, N. D., says the Northern Pacific Elevator was closed to-day on an attachment for the Canadian Bank of Montreal. KOKOMO, IND., June 7.-Warrants for the arrest of ex-Governor Chase, Paris and Walden, who were yesterday indicted by the Howard county grand jury in the Greentown bank matter, are in the hands of the sheriff but will not be served before to-morrow on those in reach of service. The courtremoved the bar of secrecy from the grand jury this morning, and they talk freely. They allege that -Governor Chase took intending depositors into the bank a short time before the failure, and showed them "piles of monev," and the few good securities held by the concern. The bad ones. of which they say Gov. Chase had knowledge, were not brought out. Paris and Walden have drawn $15,000 from the bank on their personal notes, the funds going to Paris. Chase knew if this paper when he was recommending the bank as a safe place of deposit. CHICAGO, June -The flurry among savings bank deporitors had about run its course this morning. At the saving institutions where there was still enough of a gathering to be called a crowd, there was no sign of the panicky unreasoning alarm which beset the depositors Monday, and before the closing hour this afternoon it is thought the run will have subsided.
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Latest Bank Failures. SPOKANE. Wash., June 8.-As a result of the suspension of the Bank of Spokane three other banks in this city have closed their doors. They are the Washington National, the Washington Savings and the Citizens' National. Other banks which have just suspended payment are: First National bank, of Palouse, Wash.: the Bedford bank, Bedford, Ind.; New Albany Banking company, New Albany, Ind.; the State bank, Cortland, Neb.
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MORE WESTERN BANKS SUSPEND. New-Albany. Ind.. June T.-The New-Albany Banking Company suspended payment this morning and closed its doors. The suspension was caused by the run made on the Bedford Bank, at Bedford, Ind., yesterday, which forced it to close. The principal stock. holders in the 186 banks are T. S. Windsley, of this city; W. S. Windsley, of Bedford, and W. L. Breyfogle, of Chicago, formerly of this city. Yesterday W. L. Breyfogle executed a deed of trust of $200,000 worth of upencumbered real estate in Chicago for the benefit of the depositors of the two banks here. 11 is claimed the assets are $212,000; its liabilities $100,000: and that the depositors will be paid 100 cents on the dollar. A deed of assignment was to-day made to John H. Stotzenberg. Indianapolis, June 7.-A Bedford dispatch to "The Sentinel" says: "The community was-startled to find yesterday that the Bedford Bank did not open Its doors. The president, Mr. Wind day, explained that in consequence of recent heavy withdrawals of deposits the bank would be forced to suspend for a few days. It is one of the oldest banks of the section." Beatrice, Neb., June 7.-The State Bank, at Cortland, this county, closed yesterday morning. It is a small institution. Deposits are about $18,000; assets unknown. Palouse, Wash., June 7.-The First National Bank, of this city, closed Its doors this morning. The suspension is due to the failure of the rank of Spokane. The bank has a capital and surplus of $100,000, and deposits of about 30,000.
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Another Indiana Bank Suspends. NEW ALBANY, Ind., June 7.-The New Albany Banking company has suspended payment as a result of a run on the Bedford, Ind., bank yesterday, both having substantially the same stockholders. Claimed assets are $212,000; liabilities, $100,000. W. L. Greyfogle, one of the principal stockholders in the two banks, executed a deed of trust for $300,000 for the benefit of depositors in the two banks. It is claimed depositors will be paid in full.
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A HUNDRED CENTS ON THE DOLLAR. New Albany, Ind., June 7.-The New Albany Banking company suspended payment this morning and closed its doors. The suspension was caused by a run made on the Bedford bank at Bedford. Ind., yesterdny, which forced it to close. It is claimed the assets are $212,000; liabilities, $100,000; and that the depositors will be paid one hundred cents on the dollar.
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MORE BUSINESS TROUBLES. Nervous Depositors Start a Run-A Bank Shuts Down. CLEVELAND, Ohio, June 7.-A run Is in progress on the St. Clair street branch of the East End Savings Bank. It began yesterday afternoon, and was opened this morning with increased vigor. Many depositors were promptly paid. Offers from other city banks were received but refused by the officers, who said their bank was entirely solvent and able to care for itself. Depositors are confined almost exclusively to workingmen. No cause is assigned except uneasiness due to failures in other cities. NEW ALBANY, Ind., June 7. -The New Albany Banking Company suspended payment this morning, and closed its doors. The suspension was caused by a run made on the Bedford bank at Bedford, Ind., yesterday, which forced it to close. The principal stockholders in the two banks are identical. The assets are $212,000; liabilities, $100,000. Depositors will be paid in full.
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NEWSY NOTES. I -The New Albany Banking Co, has . assigned with liabilities of $100,000. 3 -The Louisville Southern is to be. come a part of the E.T., V. & G. and e Richmond Terminal systems. -Harry Boone, a boy ten years of age, e was drowned in a creek in Bourbon county, into which he waded for fun. -The bill giving unidentified dead ) bodies to medical students for dissection was passed by the House at Frankfort. $ -The Kentucky House passed the bill providing for a Court of Appeals composed of seven judges, by a vote of 52 to 26. -George Dolph, of Valparaiso, Ind., awallowed a lizzard while drinking at a spring and is slowly dying from the effects of it. -Aaron Wells, a blacksmith, struck Robert Doty with a hammer and was fatally stabbed by him in the lung. in Madison county. -More than half of Fargo, N.D. was destroyed by fire. Over 3,000 people are homeless and no more than $3,000,000 of prgperty destroyed. -Three persons, a son and daughter of John Redding, of Franklin county, and a young man named Barbour, were killed by the same thunderbolt Monday. -Ex Treasurer J. A. Jenkins, of Clark county, Ind., did not resign because of ill health, as was at first given out, but because he was short about $12,000. -Sapion Martello was killed by elec tricity in Dannemora prison, New York. He killed another Italian named Giovanna Parello, in Saratoga, stabbing him repeatedly and cutting his throat. The current had to be turned on him twice. -Cholera has appeared in many dis tricts of Asiatic Turkey and the people are dying by thousands. The survivors are panic-stricken and are fleeing, ,spreadr ing the epidemic with frightful rapidity. It is estimated that 70,000 persons have P fled from Bassora province alone. t -Dynamite was placed under the y Hustler office, a paper published in n Breathitt county, and it was blown to E atoms. The Hustler was credited with t carrying the county for local option and it It is thought the dirty work was done by y advocates of the license system. c -A cloudburst at Hinton, W. Va., n destroyed eight miles of the track of the h C. & O. railroad, a number of bridges L being also washed away. The loss to m the railroad company is estimated at ver $250,000. Trains had to run at through by way of the Norfolk and in Western. M -Thomas Nelson Page, the Virginia H novelist, and Mrs. Henry Field, of Chiri ago, were quietly married Tuesday th uorning at Elmhurst, near Chicago. h They will make their home in Washingb on City. He has the fame and is 40, ba he is 34 and has the fortune, be ing It worth four millions. 81
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CRASHES AT OTHER POINTS. The following is a summary of the financial disasters recorded Tuesday: Maintowor, Wis.-State Bank of Maintowoc after standing a three weeks' run. Defiance, 0.-Andrew Sauer's Savings Bank: liabilities, $100,000; assets $150 000. Boston.-Potter & Potter, magazine and newspaper publishers; liabilities $100,000. Philadelphia.-Same E. Prince. marble quarryman; liabilities $100,000; nominal as. setts $250,000. Troy. N. Y.-Neber & Carrenter. private bankers and brokers; liabilities, $235,000; actual assets, $131,000. Three Rivers. Mich.-Bank of Three Rivers, capitalization, $10,000; accounts due depositors at last statement, $60,000. Spokane, Wash.-Washington National and Washington Savings Banks; assets in excess of liabilities. Racine, Wis.-A run is in progress on the Manufacturers' National Bank. At Madison the First National is being subjected to a heavy run. Two Rivers, Wis.-The Bank of Two Rivers failed. The owner, David Becker, is not in the city. Evanston, III.Charles S. Winslow has been appointed receiver of the Evanston National Bank, Spokane. Wash.-The Comptroller has directed Bank Examiner E. T. Wilson to take charge of the Citizens' National Bank and the Washington National Bank. New Albany. Ind.-The New Albany Banking Company closed its doors owing to the fall of the Bedford Bank. Assets claim. ed, $212.000; liabilities. $100,000. Bedford, Ind.-The Belford Bank has suspended after a run. Palouse, Wash.- The First National Bank has suspended, owing to the Bank of Spokane's failure. Chicago-Joseph Rathbone & Co., lumber dealers. have assigned. Scheduled assets, $500,000. The run on the Banks has ceased. Cleveland, 0.-A run is in progress on the St. Clair street branch of the East End Savings Bank Company. No cause except fail 'rres in other cities.