b9872ee9Full suspension
Other: Bank was a private concern owned by Lewis D. Allen, Jr.; attachments served after suspension.
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The Monroe (La.) Bank Failure. NEW ORLEANS, June 22.-A special from Monroe says: "An official statement of the condition of the Bank of Monroe gives the assets at $46,000, and the liabilities $55,552. The suspension was caused by a steady run on the bank by local depositors."
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A Louisiana Bank Sespends, NEW YORK, June 22.-The bank of Mon roe, La., has suspended It was B private concern, owned by Lewis D. Allen, Jr. who established it in 1877, claiming 8. capital of $15,000 and real estate $10,000.
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Monroe's Broken Bank. MONROE, La., June 22.-An official statement of the condition of the Bank of Monroe gives the assets at $46,087 and the liabilities at $55,552. The suspension was caused by a steady run on the bank by local depositors. A number of attachments were served to-day, consequently no further action will be taken until a majority of the creditors have been heard from.
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NEWS SIFTINGS. There are 6,000 widows in India. The French seize theNew He r orides islands Congressman Holman got a renomintaion. Much wheat is destroyed by hall near New Ulm. The Navada state library contains 25,000 volumes. The new hop crop promises to be the greatest on record. The rains give encouragement to Chippewa river lumbermen. Mr. Gladstone leaves London to open the Scottish campaign. The 250th anniversary of the university at Utoecht is being celebrated there. The Bank of Monroe, La., has suspended, with $55,000 debts and $16,000 assets. Ramsey county Prohibitionis:s will put a county and legislative ticket in the field. Prince Victor Napoleon was severely injur ed in Paris by being thrown from a carriage. The records show that there has only been one large robbery in New York for six years. The late rains in Texas have caused a marked increase in the price of cattle and sheep. The Rice-Pettigrew libel case, at Flandreau, ends by Rice getting a verdict of $13.134 16. This season's orange crop in Southern California aggregated 720,000 boxes, or 108,000,000 oranges. A New Jersey judge holds that a witness who sweals by the Bible is not bound to kiss the book. Pennsylvania Greenbackers want the Democrats to nominate A.G. Curtin for governor. Bob Ingersoll urges the workingmen to organize and redress their grievances at the ballot box. It is thought that over 3,000,000 tons of iron ore will be shipped from Lake Superior ports this season. New York clergymen have inaugurated a movement to suppress Mormon immigration into this country. G. W. Badgerow of Toronto is elected supreme master workman of the supreme lodge, A. U. U. W. The Minneapolis-St, Paul exhibition ball game was won by the latter ly a score of 2 to 1 in seven innings. The statute of Daniel Webster, the gift of B. P. Cheney of Boston to New Hampshire, is dedicated at Concord. The Ohio supreme court rendered a decise ion which In-effect establishes the legality of the state S nate as reorganize 1 by the R publicans after the departure of Democratic senators.
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The bank at Monroe, La., has suspended. An official statement of the condition of the Bank of Monroe gives the assets at $16,087. and liabilities at $55,552. The suspension was caused by a steady run on the bank by local depositors.
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A National Bank to be Started at Monroe, Special to Commercial Herald. MOMROE, June 22.-Twenty attachments were run on the bank of Monroe to day. Messrs. Beard and Millsaps have formed a partnership for transacting, collection, banking and exchange business here, pending the organiz tion of the Quachita National at Monroe, by a number of business men; both are genilemen of large means, unquestioned integrity, business ability, and enjoy unlimited confidence of the entire community.
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The suspension of the Bank of Monroe was announced Monday. 1