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Failure at Peabody. Mass. Washington, Sept. 19.-The comptroller of the currency today received a telegram stating that by order of the board of directors the South Danvers National Bank. of Peabody, Mass., has closed its doors. Assets, $220,500; liabilities, $355,000. A receiver has been appointed.
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Peabody Bank Suspends. Peabody. Mass., Sept 19. - -By order of the board of directors the South Daners National bank closed its doors today. A receiver was appointed.
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Bank Closes Its Doors. WASHINGTON, D. C., Sept. 19.-The comptroller of the currency this morning received a telegram stating that, by order of its board of directors, the South Danvers National Bank, of Peabody, Mass., had closed its doors. The capital of the bank is $150,000; surplus and undivided profits, $70,463; Individual deposits, $233,529; due to other national banks, $15,449; borrowed money, $106,276. Bank Examiner Irvin B. Sayles has been appointed receiver for the bank.
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New England Bank Fails. Washington, Sept. 10.-The comptroller of the currency has received a telegram stating that. by order of its board of directors, the South Danvers National bank of Peabody, Mass.. has closed its doors. The capital of the bank is $150,000; surplus and undivided profits, $70,463; individual deposits. $233,529; due to other national banks, $15,449; borrowed money, 8106276. Bank Examiner Irvin B. Sayles has been appointed receiver for the bank. No reason is given for the failure.
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A PEABODY BANK CLOSED. SOUTH DANVERS NATIONAL CLOSES ITS DOORS. Washington, Sept. 19.-The Controller of the Currency this morning received a telegram stating that, by order of its Board of Directors, the South Danvers National Bank, of Peabody, Mass., had closed its doors. The capital of the bank is $150,000; surplus and undivided profits, $70,463: individual deposits. $233,529; due to other National banks, $15,449; borrowed money. $106,276. Irvin B. Sayles, Bank Examiner. has been appointed receiver. Peabody, Mass., Sept. 19.-Mr. Sayles, assisted by the bank officials. began an examination of the books of the bank to-day, and until the task is completed no official statement by the officers of the concern is expected. It is understood that the institution has been a heavy loser on loans made to various persons and companies in this section. The officials worked hard, but vainly, to prevent the collapse. The South Danvers Bank was incorporated as a State bank in 1825. For years it did a flourishing business, and after it became a National bank it handled a large part of the funds of local tradesmen and manufacturers. Of late, however, the business became more limited. William P. Clark is the bank's president.
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TOO MUCH PROSPERITY. The South Danvers National Bank, at Peabody, Mass., Closed. WASHINGTON, D.C., September 19.By order of its board of directors, the South Danvers National Bank, of Pear body, Mass., has closed. The capital is $150,000; surplus and undivided profits, $70,463; individual deposits, $233,529; due to other national banks, $15,449; borrowed money, $106,276. Bank Examiner Irvin B. Sayles has been appointed receiver.
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National Bank Goes Down. Washington, D. C., Sept. 21.-The & controller of the currency received telegram stating that by order of its board of directors the South Danvers national bank of Peabody, Mass., closed its doors. The capital of bank is $150,000, surplus and undivided profits $70,463, individual deposits $233,529, due to other national banks $15,449, borrowed money $106,276. Bank Examiner Irvin B. Sayles ha been appointed receiver.
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LATER NEWS, Events at Washington indicate the powers are wide apart as to China. Russia modifies proposals on keeping troops in Peking. America will probably refuse Germany's requests. A Vienna paper says the powers are agreed that the empress dowager of China shall be executed. Li Hung Chang, Prince Ching and Sheng have been appointed peace negotiators. President Kruger will go to Holland on a warship placed at his disposal by the Dutch government. Strikersin the anthracite coal region continue to make gains and practically every colliery in the affected district is idle. The South Danvers national bank at Peabody, Mass., in business 75 years, was placed in a receiver's hands. Herman Petersdorf, a German farmer near Junction City, Ore., murdered his wife and then suicided while insane. James A. White, the last survivor of the famous charge at Balaklava, died at Upper Sandusky, O. Capt. David D. Mitchell, Lieut. George A. Cooper and ten men were killed in an engagement with Filipinos near Manila. By the caving in of a bank four men working on a new bridge near Osgood, Ind., were killed. Gen. John A. McClernand, last of the civilians appointed to high command as generals in the federal army during the civil war, died at his home in Springfield, Ill., aged 88 years. Cracksmen robbed a bank at Bushton, Kan., of $7,000 in cash and $20,000 in securities. The town of Belgrade, Mont., was nearly wiped out by fire and one man was burned to death. While Gov. Wells was in Idaho Aquilla Nebeker, acting governor of Ufah, appointed. O. W. Powers (dem.) United States senator. Nine fishing boats with two men in each were lost in a gale off Chatham, Mass. Spring Lake, N. J., a summer resort, was destroyed by fire. Three men held up the First national bank at Winnemucca, Nev., and stole $15,000. President McKinley arrived in Washington from Canton, O. Gov. Sayers estimates the loss of life at Galveston and on the Texas coast at 12,000 and the property loss at $20,000,000. Work of rebuilding the city is well under way.
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LATEST NEWS NOTES, Stokes' planing mill at Altoona, Pa., Loss, $5,000. Titusville, Pa., will have free rural delivery October I. Washington county (Pa.) farmers are iffering from a water famine. The war department reports health onditions at Cape Nome much improvPittsburg, Pa., contributions for the alveston relief fund have reached $49,35.67. Short water supply forced the closing of several Cambria mills at JohnsPa. Owing to a water famine at LonaconMd., trains are hauling water into town. Colored Baptists of Butler, Pa., laid cornerstone for their new church Sunday. Butler county, Pa., is stirred up by onflicting claims of auditors and overof the poor. Grasshoppers are destroying the over the Captain Generalcy of Esemadura, Spain. A fire in the Hass Keui district, Turhas destroyed 150 houses, 40 shops a synagogue. The grand jury at Steubenville, O., nearly 70 indictments for alleged liquor selling. It is acknowledged in England that Conservatives will be victorious in coming election. Connellsville (Pa.) region operators nticipate a coke boom in consequence the anthracite strike. James Radeliffe. fire boss at the Braz(Pa.) mine when the explosion ochas been arrested. Two steamers and six lives were lost a collision at entrance to Lake St. lair. Michigan, Friday. An effort to smuggle 1,400 kilos of pium into Havana was frustrated by authorities Saturday. Mrs. George Smith was burned to eath at Huntingdon, Pa., Saturday, making grape butter. Efforts of the Portuguese to disarm entering Portuguese territory has esulted in several clashes. Lord Methuen routed a Boer convoy captured a gun lost at Colenso, cattle and much ammunition. Belle Archer, the actress, who died Warren. Pa., left a fortune of about 10,000, which will go to her parents. The Argentine Republic has appro$30,000 for a building and exibit at the Pan-American exposition. Anthracite operators are raising and taking other means to disourage the panicky demand for coal. Fire Saturday destroyed the grain varehouses and elevators on the Atlandock, Brooklyn. Loss, $100,000. The Presbytery of Buffalo, N. Y., voted 32 to 19 in favor of a change the Westminster confession of faith. Mrs. Almira Bruden, of Ashtabula, from hydrophobia caused by the of a dog received two weeks ago. At Texarkana, Ark., the plant of the Inion Compress Company burned, 2,000 bales of cotton. Loss, $150,The South Danvers bank, of Peabody, has closed its doors, being unto meet its outstanding obligaThe presidents of two great anthracompanies have agreed to confer Archbishop Ryan on the strike sitFather Ducey, of New York, who inestigated the strike on the spot, dethe miners and declares their quarjust. Two burglars at Punxsutawney, Pa., up Father Weinker, Catholic in his bed, securing a gold watch $30 cash. President Mitchell proposes the biuminous method of settling labor trouand does not insist upon recogniof union. Fire destroyed the main plant of the independent Lakeside oatmeal mills at oliet, III. Estimated loss, $50,000; in$41,000. The story of the massacre by Rusof the entire Chinese population Blagovestchensk, 5,000 in all, seems be confirmed. Two more regiments of the national are on waiting orders. Troops atrolled thoroughfares in and around Shenandoah, Pa. At Canal Dover, O., Laura Baxter, heiress about to obtain her majority, been abducted from the home of foster parents. An edict issued by the Chinese imgovernment shows that Prince Tuan, the anti-foreign leader, is again the ascendant. The St. Louis presbytery, composed the churches of Fastern
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BUSINESS FAILURES. Jan. 3-Wabasha, Minn., People's bank. 6-Rahway, N. J., Union county bank New York, Hulbert H. Warner, patent medicine manf.: $2,319,027. 9-Plankinton. S. D., State bank. 17-Chicago. Francis P. Owings, real estate; $5,364,977. Feb. 7-New Bedford. Mass., Henry E. Holcomb. manf.: $1,351,438 Boston. Miner, Beat & Co., clothing firm, $450,000. 26-United States milling combine (flour trust): $15,000,000. Mar. 3-Port Jervis (N. Y.) Nat. bank resumes: had suspended payment in December. 5-J. F. Selberling. formerly manufacturer at Akron, O., files bankruptcy petition; $800,000. assets, $30. 19-John Kehoe, builder of New York, files bankruptcy petition; $1,520,085; no assets. 22-D. Appleton & Co., New York, publishers: $3,000,000. 26-Rutland. Vt., Merchants' Nat. bank Keene, N. H., Five Cent savings bank for $1,449,053; and Guarantee savings bank for $718,873. Apr. 3-Cambridge (Neb.) State bank: $40.000. 12-YatesCenter. Kan., Citizens' state bank. 27-Adolph Landauer, dry goods dealer of Milwaukee: $391,945.31. May 11-Frank L. Fuller's private banks at Rockford and Cedar Springs, Mich. 21-Pentwater, Mich., Nellson & Co.'s bank. 26-Price, McCormick & Co., of New York, cotton brokers and shippers: $13,000,000. 25-Seymour, Johnson & Co., stock and cotton brokers of New York: $500,000. Jun. 5-W. C. Shields' bank at Mulberry Grove, III. 15-McNair & Alexander, cattlemen at Ash. land. Kan.: $542,000. Aug. 13-Henry J.O' Neill, the "barley king. files petition in bankruptcy; $500,000 Kingfisher (Col.) bank: $61,000. 17-Somerset (Ky.) Nat. bank. Sep. 6-Lamont (III.) state bank: $12,000. 7-Fifth Avenue Savings & Loan Ass'n., of McKeesport, Pa.: $500,000. 18-Hatch & Foote, New York brokers; $2.000,000. 19-South Danvers Nat. bank, at Peabody, Mass. Nov. 17-German Nat. bank, at Newport, Ky. Dec. 12-Bank at Brillion, Wis. 13-Order of Chosen Friends, large fraternal insurance association. 21-American nat. bank of Baltimore, Md. 3-Isaac Robinson. at Baltimore, Md., manufacturer; $800,000.
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BUSINESS FAILURES. Jan. 3-Wabasha. Minn., People's bank. 6-Rahway. N. J., Union county bank.... New York, Hulbert H. Warner, patent medicine mant.: $2,319,027. Piankington. S. D., State bank. 17-Chiengo, Francis P. Owings, real estate: $5,364,977. Feb. 7-New Bedford, Mass., Henry E. Holcomb. mant: $1,361,438.... Boston, Miner, Beal & Co., clothing firm, $450,000. 26-United States milling combine (flour trust); $15,000,000. Mar. 3-Port Jarvis (N. Y.) Nat. bank resumes; had suspended payment in December. 6-J. F. Seiberling. formerly manufacturer at Akron, O., files bankruptcy petition; $800,000. assets, $30. 19-John Kehoe, builder of New York, files bankruptcy petition: $1,520,085; no assets. 22-D. Appleton & Co., New York, publishCTS: $3,000,000. 26-Rutland, Vt., Merchanis' Nat. bank.... Keene, N. H., Five Cent savings bank for $1.449,058; and Guarantee savings bank for $718,873. Apr. 3-Cambridge (Neb.) State bank; $40,000. 10-Columbus, O., Reinhard & Co.'s bank; $140,000. 12-Yates Center. Kan., Citizens' state bank. 27-Anolph Landauer, dry goods dealer of Milwaukee: $391,945.31. May 11-Frank L. Fuller's private banks at Rockford and Cedar Springs, Mich. 21-Pentwater, Mich., Neilson & Co.'s bank. 26-Price, McCormick & Co., of New York, cotton brokers and shippers; $13,000,000. 28-Seymour, Johnson & Co., stock and cotton brokers of New York; $500,000. Jun. 5-W. C. Shields' bank at Mulberry Grove, III. 15-McNair & Alexander, cattlemen at Ashland. Kan.; $542,000. Aug. 13-Henry J. Neill. the "barley king," files petition in bankruptcy; $500,000.... Kingfisher (Col.) bank: $61,000. 17-Somerset (Ky.) Nat. bank. Sep. 6-Lamont (III.) state bank; $12,000. 7-Fifth Avenue Savings & Loan Ass'n., of McKeesport, Pa.; $500,000. 18-Hatch & Foote, New York brokers: $2,000,000. 19-South Danvers Nat. bank, at Peabody, Mass. Nov. 17-German Nat. bank. at Newport, Ky. Dec. 12-Bank at Brillion, Wis. 13-Order of Chosen Friends, large fraternal insurance association.
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$100 A SHARE. Assessment Levied on Stockholders Causes Consternation Peabody, Mass., Jan. 25.-The assessment of $100 a share, which the new receiver of the South Danvers National bank is levying upon stockholders has caused something like consternation among them. Some of the stockholders are not very well situated financially, and may.lose their all. When the bank failed 2 months ago, some thought it could pay its debts in full eventually, and an assessment was not dreamed of. It is said that as a result of the developments, the Wallis school fund, which was invested in stock of the bank will be a total loss.
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BANK CASHIER ARRESTED. Entire Capital of Danvers Bank Has Disappeared. Boston, Feb. 8.-George Foster, former cashier of the South Danvers National Bank of Peabody, was arrested to-day charged with embezzling $3,600 from the institution. The arrest was the outcome of the appointment of a receiver for the bank. It is understood that the entire capital of $150,000 together with the eurplus, has disappeared. Mr. Foster pleaded not guilty before a United States commissioner.
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IN THIRTY DAYS. Depositors of Broken Danvers Bank to Receive Dividend Peabody, Mass., Feb. 13.-"Within thirty days," said Receiver Hampton of the South Danvers National Bank today, "I hope and expect to pay a dividend of 20 per cent. to depositors, and I have no doubt that the excitement which now seems to prevail over the failure of the bank will subside and that a better feeling will exist. The stockholders, who have been assessed 100 per cent., are paying the assessments as well as expected." Receiver Hampton also stated that although the first payment of the assessment will not be due until Feb. 21, the money was coming in rapidly. Only a few shareholders had notified him that they would be unable to pay and these were small holders. The receiver is not disposed to be hard upon those who cannot meet the call. He will make an investigation in each case and if he finds that hardship and destitution will follow, the assessment will not be enforced. The terms for the payments by all stockholders have been made reasonable. The money is payable in four installments, the last of which will not be due until May 21. Mr. Hampton desires to settle up the affairs of the defunct institution as rapidly as possible, and while he makes no definite estimate of the time it will take, he is quite sure that the bank's affairs will be fully settled at the end of two years. The receiver has the bank building on his hands, and this will be sold. It is thought that a new trust company may be organized to take the place of the bank. although some of the business men do not think this step advisable. It has been intimated that should Geo. H. Foster, the ex-cashier of the bank be released on ball. he would be rearrested on further charges of the embezzleemnt. This morning John H. Casey, assistant United States district attorney. who is handling the case, said that such would not be a fact, as far as he was concerned. 'We intend to protect the public In all cases." said Mr. Casey, "but we do not intend to become prosecutors of Individuals." Mr. Casey thought the present amount of bail. $10,000. was sufficient to insure the presence of Mr. Foster in court should a a bond be furnished for his release.
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Money For a Bank's Creditors. Peabody, Mass., April 8. - Major George F. Hampton, receiver of the South Danvers National bank of this town, has been instructed by the comptroller of the currency to pay a dividend of 30 per cent on all approved claims. The payment will be the first to be made to depositors since the fail. ure of the bank last year.
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CONDENSED DISPATCHES. George H. Allen of Westboro, an enineer of the Boston & Albany Railroad, was acquitted Wednesday of the charge of manslaughter by the superfor criminal court at Worcester, Mass. He had been charged with the death of Charles F. Hyde in a collision on Nov. 9 last year. An attempt to wreck the New YorkChicago Express on the Baltimore & Ohio Railroad was made Wednesday near Girard, Ohio. A tie and a pile of stones were placed on the track but were discovered by a section boss, who removed them Just before the train passed. Steve Vargo and John Mtro were arrested near the scene. For the first time since Thursday morning last, lightship No. 85, stationed on Nantucket shoals, was in wireless communication Wednesday with the naval wireless station at Newport, R. I. The apparatus had been disabled but was repaired with the aid of spare parts shipped from lightship No. 66 at New Bedford. The firm of P. P. Mate & Co., agricultural implement manufacturers of Springfield, Ohio, was Wednesday placed in the hands of receivers, who were directed to continue the business of the company. but to wind up as speedily as possible. The assets are given as $1,000,000. The indebtedness of $400,000 is declared to be increasing through ligations. inability to meet maturing obThe cab and carriages drivers of Providence, R. I., started an agitation Wednesday in opposition to the holding of funerals on Sunday. Bishop Matthew Harkins of the Roman Catholic church and Bishop William N. Vickar of the Episcopal diocese have given their hearty endorsement to the proposition and a public letter was sent broadcast by the drivers today. The matter is to be taken up shortly with the labor unions. John W. Dickinson of Nwton. Mass., a note broker. who was found guilty in 1903 of aiding in the conversion of certain funds of the South Danvers National Bank. which closed its doors two years before, will be given another trial through the decision of the United States court of appeals Wednesday which holds that Dickinson. who was convicted by a jury of 10 men could not waive his constitutional right in excusing two of the men on the jury. If Dickinson is tried again it would be the third time that lie will face a jury, his first trial in 1902 failing through one of the jurymen becoming intoxicated.