89e70861Full suspension
Other: Bank made an assignment (failed) after suspending payment; later reports show cashier was a $25,000 defaulter and insane.
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CLOSED ITS DOORS. A Rumor Causes a Bank Failure in Glasgow, Ky. LOUISVILLE, Ky., Jan. 27.-The Deposit bank at Glasgow closed its door yesterday afternoon after a big run. A rumor started in some way that the bank had failed and soon after every depositor in the county was calling for his money. The bank paid out all its available funds and then suspended payment and made an assignment. Its assests will considerably exceed the liabilities, and every depositor will be paid in full.
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1 CONDENSED DISPATCHES. e 1 The Pith of the News Taken From the b Current Events of the Day. e b h Felix Gourdeau leather and hides. Qneb bec, assigned Friday. Liabilities $74,000. . Gen. Henry A. Barnum, port warden of New York, and a distinguished veteran of the late war, died Friday, of pneumonia. a A tremendous strike of silver ore has been made at Credo, Col. The population 1 of the town has nearly doubled in two b weeks. At the explosion in the Rush Run coal mines in Fayette county, West Virginia, Thursday, five men were killed and five injured. One hundred union bakers are on a strike a at Toledo, Obio, because their employers e use yeast made by scab employes of Fleishman & Co. of Cincinnati. Most of the large clothing factories at h Egg Harbor City, N. J. , are what down on h account of dull times. Fully two-thirds of the population are now entirely idle. f The case of Trefethen and Smith, at Maiden, Mass. charged with the murder of 1 Tena Davis, has been continued to Febru n ary, owing to the serious illness of Mrs. Davis. e Butler county bank, a private institution at Chicora, Pa., closed its doors Friday e and assigned The liabilities are said to , $60,000. It is claimed that the depositors will be paid in full. Western farmers, especially those in F Kansas and Nebraska, are refusing to seil t their grain. They are dissatisfied with the e present prices and will hold their grain une til it rises. t The deposit bank at Giasgow, Ky 0 closed its doors Thursday after a big run ? caused by a rumor that the bank had failed. $ The banks paid out all available assets then assigned. The depositors will be paid in full. A rear end collision occurred on the New York Central at Syracuse, N. Y., Friday. Brakeman William Cox was instantly killed. Conductor John Welch had both feet c cut off and Brakeman Patrick Welch was injured internally. Dr. J. B. Andrews was arrested Friday, e at Lynn, charged with attempted bribery. 8 He wrote to Alderman Houston offering him some money if the doctor secured a e certain appointment. Andrews came to a Lynn six years ago from Springvale, Me. Assemblyman Foley Friday introduced T in the New York Assembly the so-celled liquor dealers' excise bill. It gives the y board of excise power to license all-night t houses, here dances are held, and give s license for balls, for the sale of liquor after a midnight. I, The second story of Taylor. Hoyt & . Hurd's box factory at New London Junca a tion, N. H., occupied by John Walker, as a shoe contractor's shop, was burned Thurse day night, Walker's loss is $3000; total loss on building and contents, $15,000; , partly insured. ot An agreement has been signed by all the in strawboard mills in Indiana by which the e prices for 1892 will be 30 per cent. higher d than they were last year, and consumers e will be compelled to pay $40 per ton for a strawboard instead of $30 as heretofore. " This will advance the price of all materials packed in pasteboard boxes.
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FAILURES. HOT SPRINGS, S. D., Jan. 29.-The doors of the Fall River County bank at Oelrich were closed yesterday. The bank has made an assignment to E. H. White for the benefit of its creditors. It is supposed that the liabilities to depositors and others will foot up about $28,000, while the assets, consisting mostly of notes secured by chattel mortgages, are considered sufficient to cover the liabilities. LOUISVILLE, Jan. 29,-The Deposit bank at Glasgow closed its d ors yesterday after a big run. A rumor started in some way that the bank had failed, and soon after every depositor in the county was calling for his money. The bank paid out all its available funds, and then suspended payment and made an assignment. Its assets considerably exceed its liabilities, and every depositor will be paid in full. ST. LOUIS, Jan. 29.-C. P. Ellerbe, state superintendent of insurance, today filed an application in the circuit court for an injunction to restrain the United Masonie Benefit association of Missouri from do. further business. The application alleges that the association is insolvent. This i: the organization mentioned in these dispatches some days ago as being $130,000 behind in death benefits. CHICORA, Pa., Jan. 29.-The Butler county bank, a private institution, has assigned for the benefit of its creditors. It is understood that several oil men are involved in the failure, and that if pushed, other failures will follow. The deposits are said to be upwards of $60,000. The assets are said to equal the liabilities.
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BANKS CLOSE THEIR DOORS. Hot Springs, S. D., Jan. 29.-The doors of the Fall River County Bank, at Oelrichs, were closed yesterday. The bank had made an assignment to T. II. White, for the benefit of its creditors. It is supposed the llabilities to depositors and others will foot up about $28,000, while the assets, which consist mostly of notes secured by chattel mortgages, are considered entirely inadequate to cover the liabilities. The depositors are mostly poor farmers and laborers. Louisville, Ky., Jan. 29.-The deposit bank at Glasgow closed its doors yesterday, after a run. A rumor started in some way that the bank had failed and soon after every depositor In the county was calling for his money. The bank paid out all its available funds, and then suspended payment and made an assignment. Its assets will considerably exceed the liabilities, and every depositor will be paid in full.
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BUSINESS FAILURES. Three Banks Go Down-Baltimore Pork Packers Settle. MILLERSTOWN, Pa., Jan. 29. -The - Butler County bank, a private banking institution, has closed its doors and H. J. Hoyt, the cashier, has made an assignment for the benefit of creditors. It is understood several prominent oil men are involved, and if pushed other failures are feared. The deposits are said to be upwards of $60,000. LOUISVILLE, Ky., Jan. 29.-The Deposit bank at Glasgow has closed its doors owing to a run brought about by a rumor that the bank failed. The bank paid out all its available funds and then assigned. It is stated that every depositor will be paid in full. BALTIMORE, Jan. 29.-Cassard & Son, pork packers, have made a satisfactory settlement with creditors and resumed business. Hor SPRINGS, S. D., Jan. 29.-The Fall River County bank, at Oelrichs, has assigned for the benefit of creditors. It is supposed that the liabilities are about $28,000. The assets are entirely inadequate to cover the liabilities, it is said.
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A Run Closes a Bank. LOUISVILLE, Ky., Jan. 29.-The Deposit Bank of Glasgow closed its doors yesterday afternoon after a big run. A rumor started in some way that the bank had failed, and soon after every depositor in the county was calling for his money. The bank paid out all its available funds and then suspended payment, and made an assignment. Its assets will considerably exceed the liabilities, and every depositor will be paid in full.
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Closed by a Run. LOUISVILLE, Ky., Jan. 28.-[Special]The Deposit Bank at Glasgow closed its doors yesterday afternoon after a big run. The rumor started in some way that the bank had failed. and soon after every depositor in the county was calling for his money. The bank paid out all the available funds and then suspended payment and made an assignment. Its assets will considerably exceed the liabilities and every depositor will be paid in full.
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Called for Their Maney. LOUISVILLE, Ky., Jan. 29.-The deposit bank at Glasgow closed its doors Thursday after a big run. A rumor started in some way that the bank had failed and soon after every depesitor in the county was calling for his money. The bank paid out all of its available funds and then suspended payment and made an assignment. Its assets will considerably exceed the liabilities and every depositor will be paid in full.
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Run on a Bank. LOUISVILLE, Ky., Jan. 29.-The Deposit bank at Glasgow has closed its doors. owing to a run on it, brought about by a rumor that the bank had failed. The bank paid out all its available funds and then assigned. It states that every depositor will be paid in full.
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A Kentucky Bank Suspends. [By telegraph to the Dispatch.) LOUISVILLE, Kr.. January 29.-The Deposit Bank at Glasgow closed its doors yesterday afternoon after a big run. A rumor was stal to ed in some way that the bank had failed, and soon after every depostor in the county was calling for his money. The bank paid out all of its available funds, and then suspended payment and made an assignment. Its assets will CODsiderably exceed its liabilities, and every dopositor will be paid in full
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A BUST. A Kentucky Bank Closes Its Doors and Depositors Wait for It. LOUISVILLE, Ky., Jan. 29.-The Deposit bank, at Glasgow, closed its doors yesterday afternoon after a big run. Rumor started in some way that the bank had failed, and soon after every depositor in the county was calling for his money. The bank paid out all its available funds and then suspended payment and made an assignment. Its assets will considerably exceed its liabilities and every depositor will be paid in full.
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A Deposit Bank Fails. LOUISVILLE, Jan. 29.-The deposit bank at Glasgow has closed its doors owing to a run on it brought about by a rumor that the bank hed failed. The bank paid out all its available funds and then assigned. It is stated every depositor will be paid in full.
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The Deposit Bank at Glasgow, Ky., has suspended payment and made an amignment.
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Bank Closed. BOWLING GREEN, Ky., Feb. 1.-The Deposit bank of Glasgow, Ky., closed its doors Friday, the result of a run for want of confidence in the management. It is said they will pay dollar for dollar.
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Bank Cashier Becomes Insane. LOUISVILLE, Ky., Feb. 4.-Judge John Ritter, cashier of the Deposit Bank of Glasgow, which failed a few days ago, is a defaulter in the sum of $25,000 and insane. Yesterday morning the judge went to the bank early and returned home about 10 o'clock. A few minutes later some farm hands working in a field in the rear of Judge Ritter's house saw him rushing across the field yelling and crying for help. He was perfectly nude, without even shoes or stockings on his feet. The once prominent citizen and cashier was a raving maniac. He was overpowered after a long chase and desperate struggle. The physicians pronounce the affliction a case of acute insanity, brought on by great mental strain. The cause of Judge Ritter's financial trouble is assigned to injudicious speculations during the past three years. Just before the failure was announced Judge Ritter turned over all of his property, worth about $10,000, to the bank.
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South and West. OTTo HAUSER, who committed suicide at San Antonio, Texas, is reported to be Stanislaus Padiewski, the Nihilist, who assassinated the Russian General, Michael de Seliverstoff, in Paris on November 18, 1890. NEAR Pineville, Ky., "Bob" Jones and Lee Davis. members of the Parton faction, were killed by Turner and his men. RAIN began falling throughout Central and Northern Arizona. It is the first rain since February 15, 1891. THOMAS THOMPSON, colored, was hanged at Chestertown, Kent County, Md., for the murder of William Adams, also colored. The hanging was the first in the county since 1851. THE doors of the Fall River County Bank, at Oelrichs, South Dakota, were closed. The depositors are mostly poor farmers and laborers. The deposit bank at Glasgow, Ky., has also closed its doors after a run. By a premature blast in the Rush Run Coal Mines, Fayette County, W. Va., five men were killed and five wounded. They were all colored laborers. THE residence of George Cramer, a few miles from Brainard, Minn., caught tire, and Mrs. Cramer and her three children were burned to death. THE British ship Ferndale, coal-laden, went ashore five miles north of the entrance to Gray's Harbor, Oregon. Twenty of the crew, including the officers, were drowned. Three of the crew reached shore alive. DEPUTY UNITED STATES MARSHALS started on from Rabun, Ga., with three revenue offenders. Two of the prisoners were handcuffed together, while the third, named Lovell, marched in front of a deputy. Lovell's mother and sister, both deaf and dumb, suddenly sprang from the bushes beside the road, seized the officer and held him long enough for Lovell to run into the woods and escape. WHILE scouting ahead for D troop. United States Army, Rufus Glover, a wellknown scout, was shot and killed by the Garza revolutionists. THE historic old Appomattox, (Va.) Court House has been destroyed by fire. All the records and furnishings were consumed. DAVID PORTER, Deputy Collector of Savannah, Ga., was, while beating his wife, shot and killed by his son. ASSOCIATE JUSTICE ABRAHAM SEAY, of Oklahoma, was sworn in as Governor of the Territory. JACOB LEESE, the first white settler in California, has just died at San Francisco, aged eighty-two years. He came to California in 1833 and built the first house in San Francisco in 1836.