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One More Kansas Bank. WICHITA, Kansas, Feb. 5-[Special]Just before the hour for opening, the following notice was posted on the door of the First Arkansas Valley Bank here: "To our depositors : Payment temporarily suspended owing to impossibility of making collections and inability to procure funds at the preser nt time from our correspondents, owing to the great stringency now prevailing."
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FINANCIAL TROUBLES. An Insurance Company in the Hands of a Receiver. CHICAGO, Feb. 5. - The Manufacturers' Mutual Insurance Company has been placed in the hands of a receiver. The liabilities amount to $50,000, in addition to the claims of policy-holders. The assets, it is said by the company officials, will amount to $25,000. A judgment was entered against the company yesterday afternoon for $400, and shortly after an application was made for the appointment of a receiver. WICHITA (Kans.), Feb. 5.-The First Arkansas Valley Bank here has suspended payment, owing to the impossibility of making collections and the inability to secure funds. The assets of the bank are said to be more than double the amount sufficient to pay the liabilities, which are about $125,000.
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A smallpox epidemic exists in Texas. The towns of Rusk and Overton and the country adjacent are infested, the schools are closed and a rigid quarantine established. The First Arkansas Valley bank, of Wichita, Kas., has suspended payment. The assets of the bank are said to be more than double the liabilities, which are about $125,000. The son of Mr. Punney, in Sheboygan, Wis., was burned to death by the destruction of a tenement this morning.
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State Auditor Pavey made an examination last December and notified the company that he had discovered an insufficiency in the cash over and above its reinsurance reserve for the payment of icurred losses and expenses, such deficit amounting to $8,000. Forty days were given the company to make this good, but the company did not attempt to secure the money until Jan. 8, when an assessment of 25 per cent was levied. Little or nothing was paid on this assessment, and preferring not to wait any longer, the auditor notified Secretary Lithgow that the money must be paid in at once. A judgment was entered against the company yesterday afternoon for $2,400, and shortly after application was made for the appointment of a receiver. KANSAS CITY, Mo., Feb. 5.-A special to the Star from Wichita, Kan., says: Just before the hour for opening this morning, the following notice was posted on the door of the First Arkansas Valley bank, here: To Our Depositors-Payment temporarily suspended, owing to the impossibility of making collections and inability to procure funds at the present time from our correspondents owing to the great stringency now prevailing." The assets of the bank are said to be more than twice sufficient to pay all liabilities, which are about $125,000. The bank was the oldest in Southwestern Kansas. GRAND ISLAND, Neb., Feb. 5.-Charles A. Wiebes' clothing store closed on chattel mortgage. Liabilities, between $30,000 and $40,000. The assets are about the same. KANSAS CITY, Mo., Feb. 5.-A special from Springfield, Mo., to the Star says: King Bros., one of the oldest dry goods firm in the city, was closed this morning under a chattel mortgage. The liabilities are about $30,000; assets unknown. ST. LOUIS. Feb. 5.-John Thyson, who succumbed to the recent advance in the price of graln, will pay his creditors in full if giventime. To-day he makes the following offer: Twenty-five cents cash and 75 cents in notes at six and twelve months. All local creditors have accepted the terms. Chicago and Toledo parties are yet to be heard from.
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A Wichita Bank Goes Under. 1 WICHITA, Kan., Feb. 6. - The First Arkansas Valley bank, the oldest in southwestern Kansas, posted a notice this morning that, owing to the impossibility to make collections and the stringency now prevailing, payment will be temporarily suspended. The assets are said to be more than sufficient to pay all liabilities, which are about $125,000.
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Collections Too Slow. WICHITA, Kan., Feb. 6.-The oldest bank in Southwest Kansas, the First Arkansas Valley Bank of this city, failed Thursday morning with liabilities to depositors amounting to $120.000. The bank was a private institution. No one will lose any thing. as the bank's assets are valued at $250,000. The institution has been doing a large loaning business on real estate and collections have been slow. This is the resson given for the suspension.
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LATEST NEWS CONDENSED. GENERAL NOTES. THE steel cruiser Newark is completed and in commission. BERNARD KRAUZ, of Menasha is heir to a big estate in Germany. THE rubber trust has collapsed and the members have commenced cutting the prices right and left. THE San Francisco police have destroyed, in a Chinese joss-house, idols and furnishings worth $30,000. THE announcement was made that the American National bank of Kansas City, which failed two weeks ago, will resume business. FRED B. MATTHEWS, a Minneapolis bookkeeper, has been missing since last Wednesday. THE funeral of A. P. Luse, the Chicago type founder, was held at Crawsfordsville, Ind., Sunday. THE coke laborers in the Connellsville region to the number of 12,000 will strike on Feb. 10 unless granted an increase of pay before that time. WILLIAM LOVELL, the Racine laundryman who became insane upon his honeymoon trip, was taken to the Wauwatosa Insane Assylum. THE ways and means committee of the world's fair directory has decided to recommend a call for an additional $5,000,000 to the fund, making it $15,000,000 in all. THE Wisconsin supreme court has decided that accident insurance begins as soon as the first premium is paid to the agent, holding, that the latter has general power to act for the company. THE soda fountain men have formed a combine with a capital stock of $2,750,000. Ex-CHIEF JUSTICE JOHN APPLETON died Saturday, aged 87. THE annual carnival and mardi-gras festivities were begun in New Orleans Friday. f THE First Arkansas Valley bank, Wichita, Kan., has suspended. The liabilities are $125,000 and the estimated assets are $300,000. Jay Gould and C. P. Huntington will unite under one management the Missouri Pacific ard the Southern Pacific railroads, which will control 7,000 miles of railway. THE election in Canada will be contested on the issue of reciprocity with the United States, the liberals advocating and the conservatives opposing the policy.
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Recent Failures. King Brothers' clothing store at Springfield, Mo., was closed on a chattel mortgage. The liabilities are $30,000. Charles A. Weiber's clothing store at Grand Island, Neb., was closed under a mortgage with liabilities of $40,000, and the First Arkansas Valley Bank at Wichita, Kan., suspended payment temporarily with liabilities of $125,000 and assets twice that amount.
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LATEST NEWS CONDENSED. GENERAL NOTES. THE steel cruiser Newark is completed and in commission. BERNARD KRAUZ, of Menasha is heir to a big estate in Germany. THE rubber trust has collapsed and the members have commenced cutting the prices right and left. THE San Francisco police have destroyed, in a Chinese joss-house, idols and furnishings worth $30,000. THE announcement was made that the American National bank of Kansas City, which failed two weeks ago, will resume business. WILLIAM LOVELL, the Racine laundryman who became insane upon his honeymoon trip, was taken to the Wauwatosa Insane Assylum. THE Wisconsin supreme court has decided that accident insurance begins as soon as the first premium is paid to the agent, holding, that the latter has general power to act for the company. THE soda fountain men have formed a combine with a capital stock of $2,750,000. Ex-CHIEF JUSTICE JOHN APPLETON died Saturday, aged 87. THE annual carnival and mardi-gras festivities were begun in New Orleans Friday. A BLIZZARD and snowstorm is forcing the suspension of traffic in South Dakota, lowa and Minnesota. JACOB NESSLY McCULLOUGH, vicepresident of the Pennsylvania railroad, died yesterday at Pittsburg, leaving an estate worth $14,000,000. THE First Arkansas Valley bank, of Wichita, Kan., has suspended. The liabilities are $125.000 and the estimated assets are $300,000. Jay Gould and C. P. Huntington will unite under one management the Missouri Pacific ard the Southern Pacific railroads, which will control 7,000 miles of railway. THE election in Canada will be contested on the issue of reciprocity with the United States, the liberals advocating and the conservatives opposing the policy.
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BUSINESS FAILURES. Jan. 13-E. H. Amidon, dry goods dealer, New York: $697,766. Jan. 16-Stoneboro savings bank and Sandy Lake savings bank, both of Pennsylvania. Jan. 19-American national bank, Kansas City. Mo.: $2,000,000. Jan. 20- State bank of Cawker City, Bank of Downs and Glen Elder bank of Glen Eider, all of Kansas, suspended. Jan. 21-Kawaka City (Kan.) state bank. Jan. 26-Savings bank of Wichita, Kan.; $81,000. Feb. 5-First Arkansas Valley bank, Wichits, Kan.; $120,000. Feb. 12-First national and North Middlesex savings bank, Ayer, Mass. Feb. 19-John D. Knox & Co., private bankers, Topeka, Kan.: $340,000 Union Investment Company, Kansas City; $1,000,000. Feb. 25-Windsor national bank, Windsor, Vt. Mar. 19-J. & A. Simpkinson, boot and shoe manufacturers, Cincinnati; $400.000. United States savings bank, Topeka, Kan., $330,000. Mar. 20-Theodore Schwartz & Co., private bankers, Louisville, Ky.; $500,000. Mar. 24-Washingt n national bank, New York Schall & Downer, bankers. York, Pa. Apr. 2-The John McNabb bank, Eufaula, Ala. Apr. 4-Columbia Iron & Steel Company and Pennsylvania Construction Company, Uniontown, Pa; $1,000,000. May 7-Bank of Allen county at Scottsville, Ky. May 9-Spring Garden national bank. Philadelphia. May 15-People's bank at Knoxville, Tenn. May 22-Hills Shot Company at Memphis, Tenn., $600,000. May 26-Potter, White & Bailey, shoe manufacturers at Boston: $1,000,000. May 27-John Ryan's Sons, wholesale dry g oods, Atlanta, Ga.: $1,000,000. June 4-The City national bank at Marshall, Mich. June 5 - Connell, Hall, McLaster & Co., wholesale dry goods, Nashville, Tenn.; $500,000 The Huntington (Ind.) bank. June 13-Central national bank, Broken Bow, Neb. June 10-Sevill Scofield, woolen manufacturer at Manayunk, Pa.: $800,000. June23-The Florence national bank, Florence, Ala., and Sax Brothers' savings bank, Nashville, Tenn. July 7-Moses Bros., bankers, Montgomery, Ala; $500,000. July 8-Bank of Commerce, Sheffield, Ala. July 14-E. C. Stark, banker at Oneida, N. Y.; $220,000. July 16-Spooner R. Howell & Co., lumber dealers, Chicago, and other cities; $2,000,000. July 17-First national bank, Wyandotte, Kan. $1,000,000. July 18-First national bank, Palatka, Fla.; $200,000 Bonneil & Co., printer's ink manufacturers, New York, $100,000. July 21-Central bank of Kansas at Kansas City, Kan.: $100,000 Merchants' national bank, Fort Worth, Tex.: $500,000. July 23-Citizens' bank of Jefferson, Tex.; $100,000. Aug. 4-Abraham Backer, dry goods commission, New York; $4,000,000 Samuel Hano, real estate dealer, Allston, Mass.; $500,000. Aug. 8-Masonic savings bank, Louisville, Ky.; $1,000,000. Aug. 19-Johnston, Tallman & Co., flreworks importers, New York city: $600,000. Sep. 23-S. V. White & Co., New York, commission merchants. $2,000,000. Sep. 30-F. B. Wallace & Co., New York, brokers; $390.000. Oct. 1-First national bank at Clearfield Pa... Chrisman (111.) bank: $100,000. Oct. 3-Turner & Bro., Boston bankers; $300,000. Oct. 5-Ulster county savings' institution, Kingston, N. Y., robbed by officials of $463,000. Oct. 16-State bank at Gritna, Neb. Oct. 17-The Columbia bank and the Bank of Columbia, at Nashville, Tenn. Oct. 23-Bank of Lewisburg, Tenn. $80,000. Nov. 2-Maverick national bank of Boston, suspended; liabilities, $10,000,000. Nov. 7-The Cochrane-Fulton Company, distillers, at Louisvil.e, Ky.; liabilities, $500,000 Bank of Fiorence, Aia.; $100,000. Nov. 7-The Corry (Pa.) national bank closed its doors: $700,000. Nov. 13-California national bank at Santiago, Cal. Nov. 14-Bonner & Bonner, bankers at Tyler, Tex.; $500,000. Nov. 25-Farmers' and Miners' Deposit bank, Irwin, Pa First national bank, Wilmington, N. C. Nov. 28-Field, Lindley, Wicchers & Co., bankers and brokers of New York, $1,000,000. Dec. 22-Private banks at Waynesboro, Warrentown and New Market, Va., closed their doors Thomas H. Allen & Co., cotton dealera, Memphis, Tenn.; $544,932. Dec. 23-Bank of Greenville, Greenville, Miss : $1,000,000.