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Bank of Charlevoix Assigns. CHARLEVOIX, Mich., May 12.-W. P. Brown & Co , bankers. doing a business under the name of the Bank of Charlevoix, have assigned. No statement is made as to the cause of the suspension.
Bank of Charlevoix (Charlevoix, MI)
Episode Information
- Episode UID
6452068191121- Episode Type
- Suspension → Closure
- Bank Type
- trust
- Bank ID
-
645206819hash - Start Date
- May 13, 1893
- Location
- Charlevoix, Michigan (45.318, -85.258)
Metadata
- Model
- gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
- Short Digest
f81cf9ba3220ab51
Response Measures
None
Description
Multiple articles state the bank placed affairs with an assignee; no run reported.
Events (1)
1.
May 13, 1893
Suspension
- Cause
- Bank Specific Adverse Info
- Cause Details
- Internal insolvency/poor affairs largely from heavy drain related to Northern Michigan Seed Company and inadequate capital; voluntary assignment to an assignee.
- Newspaper Excerpt
- The bank of Charlevoix closed its doors Friday morning and placed its affairs in the hands of R. W. Kane as assignee. There was no run on the bank, but its affairs were in such shape that this move seemed necessary to do justice to all creditors.
- Source
- newspapers
Newspaper Articles (9)
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MANY BANK FAILURES. Panic Stricken Bankers in Indiana Country Towns. DRAGGED DOWN BY THE COLUMBIA. The Panic Spreads to Michigan and Ohio Banks, and Several Suspensions Are Added to the List in These States-Pecullar Methods of the Columbia Bank. May 13.-The failure of the a Columbia CHICAGO, National bank has disclosed of shystering without a parallel and in system American banking. The president to of the Columbia is shown have manager organized about fifty small concerns and insignificant points in Indiana of at all of which were correspondents likely Ohio, broken bank, and it is scarcely the the that of them will survive. But litany were at places where there was be banks business the moral effect is likely to The tle serious than the actual business losses. in Columbia more had very little chiefly Chicago, and such as it had was were with customers who, like the bank, the without commercial standing. Hence business was not felt in reputable other failure and had it occurred at any half circles, time it would have been forgotten in an hour. PORTLAND, Ind., May 13.-A courier the Dunkirk announces the failure of confrom Dunkirk bank, which is owned and by Dwiggins, Starbuck & Co., filed of trolled Chicago. Attachments were at once to and deputy sheriff left immediately The a all the available property. the levy on has failed for at least $75,000, and bank may reach $100,000. The firm con- of trolling amount this bank owns a number and these are reported to havegone enothers, to the wall. The Geneva bank of their terprise also has failed. INDIANAPOLIS, Ind. May 13.-State Audi- ComHenderson was notified that the could tor mercial State bank, of Russiaville, its demands. The Commercial in not meet is one of about twenty banks Indiana bank that are thought to be connected as with the Columbia National. Perhaps to the private banks are also related many Chicago concern to some extent. Reports show other small places in the state banks. that from a panic has seized the smaller county, bank at Brookston, White (o statesuspended The yesterday afternoon. made. It of its condition has been ment controlled by the Columbia National. was banks of the Columbia Nationalstring said to The Moreystown and Greenwood are liabilities at have also failed, the latter with amounting to $60,000. The Moreystown bank is of considerable importance, having a capital addition of $75,000. to the above the following bank, In are reported: Citizens' suspensions Ind. Bank of Spiceland, SpiceHebron, Ind.; Monroeville bank, Monroeville, Ind., land, Commercial bank, Norristown, these Ind.; Citizens' bank, Knox, Ind. All of were and branches of the Columbia National Chicago. INDIANAPOLIS, May B.-The directors that the Capital National bank claim and of has been no loss on discounts, dollar. there not a department has lost a that bank, they say, is more than solvent. The will ask the examiner to permit They resumption after an examination. FORT WAYNE, Ind., May 13, -News Mer- of suspension of the Farmers' and reached chants' the bank at Geneva, Ind., has the here. It was the oldest institution of kind in the town. CINCINNATI, O., May 13. -The private & firm of Dwiggins, Starbuck failed. banking at Williamsburgh, O., has of the Co., failure is due to the failure Mr. The Columbia bank, of Chicago, of which is was cashier. About $8,000 the Dwiggins the Williamsburg bank from will due Columbia, all of which, it is thought, Williamslost. The postmaster at be ordered the arrest, for alleged burgh, embezzlement, of Lawrence G. Good, cusexpert accountant. He was taken in tody. O., May 13.-The Farmers' CONVOY, of this place, has closed its doors, bank caused by its relations with the Columbia National. EDWARDSBURG, Mich., May 13. -The Cit- its bank, of this place, has closed izens' About $25,000 of local deposits, todoors. gether with township and school funds, Chiare re affected. It was a branch of the cago Columbia. RICHLAND, Mich., May 13. -The Union a branch of the Columbia National bank, bank, of Chicago, has closed its doors. Cashier Watts says that the depositors will be paid in full and the bank running again in two or three days. CHARLEVOIX, Mich., May 13.-W. P. & Co., bankers, doing business unBrown the name of the Bank of Charlevoix, Kane. have der made an assignment to R. W. PAW PAW, Mich., May 13. Great excitement prevails at Lawton. The managers the in of a local bank there did not open town stitution yesterday, having left Thursday night. Citizens have about$18,000 deposited in the bank. LAWTON, Mich., May 13.-The American It of this city has closed its doors. bank controlled by the Columbia National business bank is of Chicago. Nearly every in the city is involved, besides depositors. many farmers man and others who were The deposits amount to about $30,000. SAN JOSE, Cal., May -The liabilities to the Santa Clara bank are now stated by of $300,000. Assurances had been given the be officers of the bank that the depositors would be paid in full
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ALL TUMBLING It Is a Hard Season for Banks and Commercial Concerns. CINCINNATI, May -The private bank Dwiggins, Starbuck & Co., at Williamsof Ohio, closed its doors this morning of the burg. orders from Dwiggins, president a on Columbia Bank at Chicago. It was branch of that bank. The assets are $35,000, liabilities $60,000. The expert accountant employed at the bank yesterday was here early this morning and came arrested and charged with embezzlement. It is suspected that he has been employed to conceal some funds of the bank. TOLEDO, Ohio, May -The Ottawa its Bank at Elmore, Ohio, closed of doors County to-day as a result of the failure Columbia National Bank of Chicago. be the The outlook is that the depositors will paid in full. EDWARDSBURG, Mich., May 12.-The its Citizens' Bank displayed a notice on this morning as follows: "Out Dwig- of door on business; back at nood." Columbia town Starbuck & Co. of the large gios. Bank at Chicago held a The share National of stock in the Citizens' Bank. citizens of this place are interested to and the extent of $25,000. The township The manschool funds are also tied up. Michtof the local bank, T. Lawton of gan. ager has left town. The bank is closed. Liabilities small. OTTAWA, III., May Richard J. Hor- of ranker, merchant and speculator. Grand nick, Ridge, has failed, owing to the run his bank, caused by financial entangle- of on ment with his brother, John Hornick Sioux City. INDIANAPOLIS. May 12.-The Commer- There Bank of Brookston has failed. It cial statement of assets or liabilities. is was no controlled by the Columbia Bank of Chicago. The bank of Greenwood, Ind., has closed the doors on account of the failure of its Columbia Bank at Chicago. There is no statement. The directors of the Capital National Bank of this city, which suspended yesterday, to-day state that the suspension to a cannot result in the loss of one dollar single depositor. KOKOMO, Ind., May 12.-The Commer- the State Bank of Russiaville and cial Farmers' Bank Greentown, both under management, failed this morning Bank for $60,000. one The failure of the Columbia Chicago is responsible for the collapse. at About twenty other banks in Indiana are connected to some extent with the private Columbia Bank, and like a number of banks, are mostly small concerns. GENEVA. Ind., May 12.-The Farmers' at Merchants Bank suspended to-day noon. and It was connected with the Columbia National of Chicago. LAFAYETTE, Ind., May 12.-The miles ComBank at Brookston. fifteen The mercial north of this city, has closed its doors. deposits amount to about $50,000, and the reofficers say it will pay in full and will be sume business as soon as its affairs can straightened out. PORTLAND, Ind., May 12.-A deputy Sheriff left here this morning upon receipt of the news of the Dunkirk failure that with a writ of attachment. He found total assets amounted to $2000 in money are the and a few notes. The largest figures that the liabilities will overrun $75,000. A meeting of creditors was held to-day, out no definite action was taken. HILLSDALE, Mich., May 12.-The First State Bank of this city went into liquidation tc-day. The business was transferred will the Hillsdale Savings Bank, which in full. to assume all liabilities and pay all depositors ROCKFORD, Mich., May 12.-The Nave private banking Institutions: at Paris and closed their doors this morning. Nothing to be learned except that the banks are affected is by the failure of the Minneapolis bank. KALAMAZOO. Mich., May 12.-The did Union Bank at Richland, this county, its doors to-day, owing to its connection not open with the Columbian National Bank of Chicago. Cashier Wants exto raise sufficient cash to enable him and to pects open the doors to-morrow morning to pay all claims. Dwiggin, Starbuck & Co. of Chicago is also owned the Lawton bank, which now in the hands of the Sheriff. MADISON, Wis., May 12.-The Bank by of Oregon. established about one year ago Dwiggin, Starbuck & Co., made an assignment to-day. The closing of the bank Na- is due to the collapse of the Columbian tional Bank of Chicago. The assets are at figured at $35,000 and the liabilities $30,000, of which $25,000 is due deposit- of ors, who are nearly all business men the village of Oregon. CHARLEVOIX, Mich., May 12. - The this Bank of Charlevoix closed its doors morning and placed its affairs in the hands of an assignee. The Northern Michigan Seed Company, for which the bank furnished financial backing. is included in the assignment, butno other failures will not result. The deposits will probably that exceed $10,000, and it is believed every creditor will be paid in full. CASEY, III., May -The Columbia National Bank of Chicago was the principal stockholder of the Farmers' and Merchants' Bank of this city. and it made an assignment to-day. The assets are probably $16,000. The liabilities are uncertain so far, but it is thought they will reach $25,000 or over. WILMINGTON, Del., May 12.-The liabilities of R. B. Robinson & Co., the suspended bankers, are $325,000; assets, of $200,000. The order of the Knights
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A DISASTROUS BANK FAILURE The Collapse of the Columbia National of Chicago. OTHER INSTITUTIONS AFFECTED Expected that Depositors will Lose But Little-Straightenidg Out the Affair. f t Associated Press. Madison, Wis., May 12.-The bank of r Oregon, established about a year ago 0 by Dwiggin, Starbuck & Co., of Chie cago, made an assignment today. The closing of the bank is due to the cole lapse of the Columbian National bank r of Chicago. The assets are figured at o $35,000; liabilities $30,000 of which $25,000 is due the depositors, who are nearly all business men in the village f of Oregon. St Louis, May 12.-The Ottawa county bank at Elmore closed its doors today, as a result of the failure of the Columbian National bank of Chicago. The out-look is that depositers will be paid in full. Casey, Ills., May 12.-The Columbia National Bank are the principal stockholders in the Farmers' and Merchants' Bank of this city, and it made an assignment today. The assets will probably be $16,000; the liabilities, may reach $25,000 or over. Rockford, Mich., May 12.-The private banking institution of Paris and Nave closed its doors this morning. The bank was affected by the failure of the Indianapolis Bank. Kalamazoo, Mich., May 12.-The United Bank of Richland of this county, did not open its doors today, owing to its connection with the Columbian National Bank of Chicago. Lafayette, Ind., May 12.-The Commercial Bank at Crookston, fifteen miles north of this city has closed its doors. The deposits amount $50,000. The officers say it will pay in full and resume business as soon as its affairs can be straightened out. Charlevaix, Mich., May 12,-The Bank of Charlevaix closed its doors this morning and placed its affairs in the hands of an assignee. The deposits probably do not exceed $10,000, and it is believed every creditor will be paid in full. Ind., May 12.-The Comat republican Kokomo, meeting Louisville knew the Farmers' Bank at Greentown failed this morning for $60,000. The failure of the Columbia Bank of Chicago is responsible for the collapse. Ottawa, Ills., May 12.-Richard J. Hornick, banker, merchant and speculator of Grand Ridge, has failed owing to a run on the bank caused by a financial entanglement with (his brother, John Hornick, of Sioux City. 1 Minneapolis, May 12.-The Bank of Greenwood, Ind., closed its doors on account of the failure of the Columbia Bank of Chicago. No statement has been made. Edwardsburg, Mich., May -The Citizens' Bank displayed a notice on its doors this morning as follows: "Out of business; back at noon." Starbuck & National D. Columbia town Wiggins, on Bank of Co., Chicago, of the held a large share of stock in the Citizens' Bank. The citizens of this place d are interested to the extent of $25,000. Township and school funds are also tied up. The manager of the local bank t at Lawton, Mich., has left town and W the bank is closed. The liabilities are small. p h Indianapolis, May 12.-The Commerd cial bank of Brookston has closed. No V statement is made as to assets or liabilities. It was controlled by the Columbla bank of Chicago. Cincinnati, Ohio, May 12.-The pria of D. Wiggins, & t Williamsburg, its vate Co. at bank Ohio, Starbuck closed from t doors this morning on orders Wiggins, the president of the Columbia bank of Chicago. It was a branch V assets are $35,000; " An $60,000. bank. The expert accountant liabilities, employed bank yesterday came He was this at the morning. arrested, here charged early V with embezzlement.
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STOCKS IGNORE BAD NEWS. A SMALL SHIPMENT OF GOLD. GLOOMY LONDON ADVICES CAUSE LITTLE DEPRERSION-BANKS IN THE WEST. Affairs mained quiet in Wall Street yesterday. and the security markets showed a considerable degree of steadiness in the face of adverse influences and unfavorable news. At the Stock Exchange the cessation of compulsory liquidation on a large scale encouraged the bull traders to work for raily. but the long stocks came out improvement and sales imparted an Irreg aspect to the stock market. Although no local Voubles were developed. the Incidents of the day were not of a cheering character, and the sentiment among conservative bankers remained strongly conservative. The monetary situation abroad 14 assuming fresh Importance as It relates to home affairs. The cables announced that the Imperial Bank of Germany had advanced its discount rate from 3 per cent to 4 per cent. This Is accepted as a positive Indica ion of a determination of the Continental European banks to withhold their gold from London, and hence the Bank of England will be forced to turn to the American market for supplies. Private discount rates in London rose to 3 3-4 per cent. an excess of 1-4 per cent over the bank's rate of discount. The Bank of England lost nearly £500,000 bullion on balance, representing shipments of gold to Anstralia. London advices were gloomy, seven jobbing" brokers having been in default on the fortnightly settlement. These failures are comparatively unimportant, but they were accompanied by reports that two leading houses were compelled to carry through some of the bills in the American all shares department, and there were rumors affecting a house which has been dealing in Greek securities. Amazement is shown here at the comparative strength of American stocks in London amid the gloomy atmosphere at that financial centre. to The foreign exchanges here are about back the rates which ruled in the Importers' panic in the latter part of April. Posted rates for sterling exchange advanced to 81 86@$4 90, and actual business is done within a close range to these figures. The lates on sterling bills now show a margin of profit on gold shipments to London of about 12 cent to the pound sterling. There is a strong demand for both sixty-day bills and sight drafts. Bankers do not believe that these rates will be maintained without leading to heavy exports of gold by London houses. These houses have heretofore thrown the onus of gold exports upon foms with close Count nental connections. but the French and German banks are protecting their stores of gold with higher rates for money. so that it is impracticable to make ex change transactions that permit London to draw from the Continent specie which had been received from the United States. The bankers here are fighting off as long as possible the necessity of shipping the yellow metal directly to England, but it is feared that the strength of sterling exchange will compel large shipments next week. There will be shipped to-day $300,000 gold on the French steamer La Gascogne, but this sum has been in the hands of bankers. and therefore its export represents Do new loss to the Sub Treasury. If the gold movement reaches large proportions next week the Treasury will lose unless the city banks consent to a partial depletion of their reserves. Disquieting rumors came from Washington yesterday respecting a proposed examination of four NewYork banks, which, it was said. had been ordered ty James H. Eckels, Controller of the Currency The reports were subsequently denied. William H. Kimball. National Bank Examiner for this district, said that he had received no instructions from the Controller. and had no reason to expect any. Mr. Kimball said that he bolleved the New-York banks were in an unusually sound and strong condition. Prominent members of the Clearing House emphatIcally denied that there was any reason for suspecting weakness among any of the city banks. The conservative course of these Institutions has forti fied them to an extent that they are not likely to suffer, even should there be further bank suspensions at the West. Bankers say they are not building up any false hopes or delusions, but are satisfied from personal knowledge of the strength and soundness of the financial institutions of the city. The advices from Chicago, however, indicate that the collapse of the Columbia National Bank of that city will have far reaching results at the West. This is because of the reprehensible method of Zimri Dwiggins, president of the Columbia, and his associates, which were described In The Tribune yesterday. The chain of country banks which the Dwiggins syndicate built up around the Columbia has been badly broken by the failure of the central institution. How far the methods of manipulating the stocks and deposits of these related concerns have impaired their real strength may only be revealed by Investigation and further disclosures, but bankers here fear that there will be widely distributed losses in the little country towns of Indiana Illinois, Michigan and Ohio. As the peculiar style of the Dwiggins banking syndicate created many fictitious assets it is believed that most of the failures resulting from the collapse The of the Columbia National will be bad ones. East. however, will not suffer from the exposures The damage will fall upon the Western communities that may have been deluded by the Dwiggins schemes of manufacturing cash and credit out of stationers and painted signs. Bankers say that the failures of this sort may do comparatively little injury to the legitimate business interests at the West. but general regret is felt at the hurt to confidence which may be caused by the tumb down of the Dwiggins houses of cards. Up to the close of business yesterday news had been received of the suspension of seven small State banks at the West as the consequence of the ChiIn cago suspension. Four of these concerns were Indiana, two in Michigan and one in Ohio, the latter being a private banking house run under the name of Dwiggins, Starbuck & Co. Some bankers here yesterday had a list compiled of the State banks or banking houses in the West which had connections with the Columbia National Bank of Chicago, the majority of which were started directly by the Dwiggins syndicate. The result was astonishing There are forty-nine concerns of this sort in Indiana. sixteen in Illinois, eleven in Michigan and nine in Ohio, a total of eighty-five in the four States, The financial mortality among these. it is feared. will be heavy. The concerns that went up yesterday sequel to the Dwiggins collapse in Chicago were the Dunkirk Bank, of Dunkirk, Ind.: the Commercial State Bank of Russiaville, Ind.: the Farmers' Bank, of Greentown, Ind. the Geneva Bank, of Geneva, Ind Dwiggins, Starbuck & Co., of Williamsburg. Ohio: the Bank of Charlevoix, of Charlevoix, Mich., and the Lawton Bank, of Lawton, Mich. The stock market at the Stock Exchange was far less active than on the previous days of the week, only 264,720 shares being traded in. London quota tions came above yesterday* New-York parity, to the surprise the of most persons. The contrast of prices with depressing advices from London created the home picion of manipulation from New York. The susshowed market and some early declines, but soon rallied made general advance. But were virtually the Instances first prices in the majority of day. There was quiet the count selling credited to London through the day, acIrregularity increased and the speculation developed to the mon stock near the close. St. Paul comcontinued activity and opening 7-8 be leader point of Rock ceded 7034871 up per cent at 715-8, reChicago, 107278 and declined Island rose 1-2 per cent and Quiney Burangton Pacitle preferred sold gained but later Northern at opened Western but sagged gained 34 Thursday night, ending cent to 84 1-4. dropped Union rose fell Lackawanna about gossip Cattle Feeding, 12.10137. Distilling and from fell and then to rallied ship, 17 5-8
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MICHIGAN BANKS. One at Charlevoix Fails and One at H ills dale,Voluntarily Closes. CHARLEVOIX, Mich., May 13. - The bank of Charlevoix closed its doors Friday morning and placed its affairs in the hands of R. W. Kane as assignee. There was no run on the bank, but its affairs were in such shape that this move seemed necessary to do justice to all creditors. The firm is composed of W. P. Brown and his son. Gardner R. Brown, and while their capital was not large, they were supposed to be doing a safe and conservative business. The Northern Michigan Seed company, for which the Browns furnished the financial backing, has been a heavy drain, parties who expected to put in additional cap ital failing to do so, and this company is included in the assignment. No other failures will result. The deposits will probably not exceed $10,000. HILLSDALE, Mich., May 13.-The First state bank of this city has gone into liquidation and quit business. The business has been transferred to the Hillsdale savings bank, which will assume all the liabilities and pay depositors in full.
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CHARLES LUTTRELL and John Z. Carlisle were hanged at Sherman, Tex., for the murder of W. T. Sherman at Denison on April 28. 1892. AT Grand Ridge, III., R. J. Horinck, conductor of a general store andiprivate bank, failed for $300,000. and scores of farmers are ruined by the disaster. THE members of the local world's fair directory passed a resolution that the fair should be open Sundays on and after May 21. the admission to the grounds to be twenty-five cents, and the big exhibit buildings to be closed. This action may be annulled by the national commission. AT Charleston, S. C., Joe Brannon, aged 19. was changed for the murder of Stephen Kearney on the 31st of August last. THE Columbia national bank collapse in Chicago caused the failure of banks at Russiaville, Greentown. Oxford, Morristown, Arcadia, Spiceland, Orleans, Hebron, Brookston. Dunkirk, Geneva, Boswell, Knox. West Lebanon and Greenwood in Indiana, the Riehland, Edwardsburg, Lawton. Rockford and Charlevoix banks in Michigan, the bank of Oregon in Wisconsin, the bank of Casey in Illinois and the bank at Clearmount in Ohio. TWENTY-FIVE ringleaders of the mob that took from jail at Chattanooga, Tenn., Alfred Blount, a negroassaulter, and hanged him, have been indicted for murder. EAST of Pinekney, Mich., several farms were swept by a cyclone and buildings were wreeked and several persons were hurt. but not seriously, though many horses and sheep were killed. OHIO prohibitionists will meet in state convention at Cleveland June 27 and 28. THE firm of Kendall & Smith, the largest millers in Nebraska, failed at Lincoln for $250,000. IN Milwaukee the big department store of Frank A. Lappen & Co. and the furniture store of the Lappen Furniture company failed for $500,000. W. II. THOMAS & SON, the largest dealers in old Kentucky whisky in the world. suspended at Louisville with liabilities of $600,000. IN session at Louisville, Ky., the National Republican College league elected L. E. Hawkins, of Syracuse university, as president. THE Illinois and Sangamon rivers in Cass county, III., overflowed and several thousand aeres of rich farming lands were flooded, entirely destroying the wheat sown last fall. THE doors of the Kissamee (Fla.) City bank were closed with liabilities of $100,000. L. F. PRICE, a conductor on a train at Seymour, Ind., was shot and killed by John Turley and a mob took the murderer from jail at Bedford and lynched him. THE founder and principal of the Hampton institute for negroes and Indians near Fort Monroe, Va., Gen. Samuel C. Armstrong, died at Hampton, aged 54 years. IN the case of W C. Rippey, accused of assaulting John W. Mackay in San Francisco with intent to kill, the jury was dismissed, having failed to reach an agreement. AT Brook's mill in Arkansas a crevasse gave way causing the destruction of crops in eight or nine parishes. NEAR Kenova. W. Va., an extensive was analysis tin-ore mine per found, tin. the showing 70 cent. pure A PICKPOCKET robbed N. B. Martans, 70 years of age, of Woodland, Cal., of $4,100 on the world's fair grounds in Chicago. FIRE destroyed the Standard Oil company's-works at Whiting, Ind., the loss being $100,000. AT Calamet, Mich., ten men fell 3,000 feet to their death down the Red Jacket shaft of the Calumet and Hecla mine.
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MICHIGAN BANKS IN TROUBLE. Financial Institutions at Charlevoix, Hinsdale and Lawton Close Their Doors. CHARLEVOIX, May 13. - -The bank of Charlevoix closed its doors Friday morning and placed its affairs in the hands of R. W. Kane as assignee. There was no run on the bank, but its affairs were in such shape that this move seemed necessary to do justice to all creditors. The deposits will probably not exceed $10,000. HILLSDALE, May 13.-The First state bank of this city has gone into liquidation and quit business. The business has been transferred to the Hilladale savings bank, which will assume all the liabilities and pay depositors in full. PAW PAW, May 3.-Great excitement prevails at Lawton. The managers of a local bank there did not open up the institution, having left town Thursday night. Citizens have some $18,000 deposited in the bank and are taking legal steps in the hope of realizing something. EDWARDSBURG, May 13. - The Citizens' bank of this place has suspended. The failure of the Columbia national bank tells the story. Dwiggins, Starbuck & Co., of the Chicago institution, held a large share of stock in the Citizens' bank. Citizens of this place are interested to the extent of $25,000. Township and school funds are also tied up. It is believed depositors will be paid in full. BOCKFORD, May 13.-The Rockford bank failed to open its doors Friday morning. The deposits were local and amounted to $29,000. The suspension is due to the failure of the Columbia national of Chicago, which dragged down the private banking firm of Paris & Nave, of Indianapolis, who owned the Rockford institution and several small banks in Indiana.
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THE doors of the Capital national bank at Indianapolis were closed with liabilities of $1,000,000. THE Danube left Portland, Ore., for China with 406 Chinese on board who had been refused admission to the United States. Ox the Ohio River railroad a freight train went off the tracks at Walkers, W. Va., falling 35 feet. and three men were killed. CHARLES LUTTRELL and John Z. Carlisle were changed at Sherman, Tex., for the murder of W. T. Sherman at Denison on April 28. 1892. AT Grand Ridge, Ill., R. J. Horinek, conductor of a general store andiprivate bank. failed for $300,000, and scores of farmers are ruined by the disaster. THE members of the local world's fair directory passed a resolution that should be Sundays on and 21, the to be grounds the after fair May twenty-five open admission cents, to and the the big exhibit buildings to be closed. This action may be annulled by the national commission. AT Charleston, S. C., Joe Brannon, aged 19. was changed for the murder of Stephen Kearney on the 31st of August last. THE Columbia national bank collapse in Chicago caused the failure of banks at Russiaville, Greentown. Oxford, Morristown. Arcadia, Spiceland, Orleans, Hebron. Brookston, Dunkirk, Geneva, Boswell, Knox, West Lebanon and Greenwood in Indiana, the Richland, Edwardsburg. Lawton. Rockford and Charlevoix banks in Michigan, the bank of Oregon in Wisconsin, the bank of Casey in Illinois and the bank at Clearmount in Ohio. TWENTY-FIVE ringleaders of the mob that took from jail at Chattanooga, Tenn. Alfred Blount, a negroassaulter. and changed him. have been indicted for murder. EAST of Pinckney. Mich., several farms were swept by a cyclone and buildings were wrecked and several persons were hurt. but not seriously. though many horses and sheep were killed. OHIO prohibitionists will meet in state convention at Cleveland June 27 and 28. THE firm of Kendall & Smith. the largest millers in Nebraska. failed at Lincoln for $250,000. IN Milwaukee the big department store of Frank A. Lappen & Co. and the furniture store of the Lappen Furniture company failed for $500,000. W. II. THOMAS & Sox. the largest dealers in old Kentucky whisky in the world. suspended at Louisville with liabilities of $600,000. IN session at Louisville, Ky., the National Republican College league elected L. E. Hawkins, of Syracuse university, as president.