German National Bank (Pittsburg, PA)

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BANK FAILED

German National of Pittsburg Failed to Open Its Doors This Morning. PITTSBURG, Oct. 19.-The German National bank, Sixth avenue and Wood street, failed to open its doors this morning. No cause is assigned, but the rea30n is conceded to be the assignment of the Allegheny tanning firm of A. Groetzinger & Sons.

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The Pittsburg Bank Failure

Bank Examiner Young has reported to the controller of the currency that, in his judgment, the German National Bank of Pittsburg, which closed its doors Tuesday, is solvent. The report states that the failure of Mr. Adolph Groetzinger, the president of the bank, resulted in a run, and the directors closed the doors for the purpose of voluntary liquidation. The clearing house committee agreed with the directors that this was the best thing to do, and the suspension followed. The capital of the bank is $250,000, and at the time of the last report, September 30, the surplus amounted to $253,347; due individual depositors, $1,730,688; due national banks and bankers, $359,123; total resources, $2,637,708.

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German National Bank Solvent

Washington, Oct. 20.-Bank Examiner Young has reported to the comptroller of the currency that in his judgment the German National bank, of Pittsburg, which closed its doors on Tuesday, is solvent. The report states that the failure of Mr. Adolph Groetsinger, the president of the bank, resulted in a run, and the directors closed the doors for the purpose of voluntary liquidation. The clearing house committee agreed with the directors that this was the best thing to do, and the suspension followed.

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BRIEF BITS OF NEWS

The German National bank of Pittsburg has suspended. No cause is assigned. Ralph Disraeli, brother of the late Earl of Beaconsfield. is dead at London. He was in his 89th year. The biennial conference of the Luther League of America is in session at the Church of the Holy Trinity, New York city. It is proposed to negotiate a blanket loan to cover the entire bonded debt of the Central Pacific, amounting to about $118.000.000.

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German National Bank Solvent

Washington, Oct. 20.-Bank Examiner Young has reported to the comptroller of the currency that in his judgment the German National bank, of Pittsburg, which closed its doors on Tuesday, is solvent. The report states that the failure of Mr. Adolph Groetsinger, the president of the bank, resulted in a run, and the directors closed the doors for the purpose of voluntary liquidation. The clearing house committee agreed with the directors that this was the best thing to do, and the suspension followed.

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Pittsburg Bank Is Solvent

Washington, Oct. 20.-Bank Examiner Young has reported to the comptroller of the currency that in his judgment the German National bank of Pittsburg, which closed its doors Tuesday, is solvent. The report states that the failure of Adolph Groetzinger, the president of the bank, resulted in a run and the directors closed the doors for the purpose of voluntary liquidation.

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WILL PAY OUT

German National of Pittsburg Said to Be Solvent. Washington, Oct. 20.-Bank Examiner Young has reported to the comptroller of the currency that in his judgment the German National bank of Pittsburg, which closed its doors is solvent. The report states that the failure of Mr. Adolph Groetzinger, the president of the bank, resulted in a run and the directors closed the doors, for the purpose of voluntary liquidation. The clearing house committee agreed with the directors that this was the best thing to do and the suspension followed. The capital of the bank is $250,000 and at the time of the last report, September 30, the surplus amounted to $253, 347; due individual depositors $1,730,688; due national banks and bankers $359,123; total resources $2,637,708.

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German National Bank Solvent

Washington, Oct. 20.-Bank Examiner Young has reported to the comptroller of the currency that in his judgment the German National bank, of Pittsburg, which closed its doors on Tuesday, is solvent. The report states that the failure of Mr. Adolph Groetsinger, the president of the bank, resulted in a run, and the directors closed the doors for the purpose of voluntary liquidation. The clearing house committee agreed with the directors that this was the best thing to do, and the suspension followed.

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The German National bank, of Pittsburg, Pa., has "busted." It was considered the strongest bank in the state. It defuncted October 18, because it had so much money on hand it could not pay its debts. If this bank goes up the flue, just imagine the condition of some of the weaker concerns. These fool banks have not yet learned that McKinley is president and confidence is restored. They seem to think the Cleveland panic is at work.

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Bank Receivers Appointed

WASHINGTON, D. C.,November 4.- The comptroller of currency appointed bank examiners of Pittsburgland New York respectively, temporary receivers of the German national bank of Pittsburg and Traders national bank at New York. With the comptrollers assent both institutions will go into voluntary liquidation.

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AGAINST OTHER PROCEEDING BANKS

Washington, Novemebr 4. -Owing to the decision of Judge Lacombe of New York that an execution can be levied against the assets of a national bank in the bands f the comptroller of the currency at any time prior to his formal appointment of a receiver, and to the fact that suits are being prepared by others in New York against the Tradesmen's National bank in Pittsburg and against the German National bank for the purpo-e of levyin ex ecution and judgment which 5 ould, if Judge Lacomb's decision is upheld, prefer certain creditors to the damage of other creditors unjustly, Charles G. Dawes, comptroller of the currency has, today. appointed the bank examiners of Pittsburg and New York temporary receivers of the German National bank of Pit burg and the Tradesmen National bank of New York, re-pectively. This action on the part of the comptroller will not interfere in any way with the efforts of the officers of these institutions to put these banks into condition for voluntary liquidation and the comptroller announces that he will consent to the voluntary liquidation of these institutions and will discharge the receivers when assured of the ability of the banks to meet their obligations in full, promised by their committee.

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IT WOULD PREFER CREDITORS Comptroller Takes Steps to Neutralize Judge Lacomb's Decision Washington, D. C., Nov. 4.-Owing to the decision of Judge Lacombe, of New York, that an execution can be levied against the assets of a national bank in the hands of the comptroller of the currency at any time prior* to his formal appointment of a receiver, and to the fact that suits are being prepared by others in New York against the Tradesmen's National bank and in Pittsburg against the German National bank for the purpose of levying execution and judgment, which would, if Judge Lacombe's decision is upheld, prefer certain creditors, to the damage of other creditors, unjustly, Charles G. Dawes, comptroller of the currency, has today appointed the bank examiners of Pittsburg and New York to be temporary receivers of the German National bank of Pittsburg and the Tradesmen's National bank of New York, respectively. This action on the part of the comptroller will not interfere in any way with the efforts of the officers of these institutions to put these banks into condition for voluntary liquidation and the comptroller announces that he will consent to the voluntary liquidation of these institutions and will discharge the receivers when assured of the ability of the banks to meet their obligations in full, as promised by their comittees now making efforts to put the bank into condition, jusifying the comptroller in assenting to liquidation.

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Fate of a Bank

WASHINGTON, Nov. 18.-For the purpose of enabling him to decide more Intelligently the question of the selvency of the German National Bank of Pittsburg Comptroller Dawes has appointed a committee, consisting of John B. Jackson, president of of the Fidelity Title and Trust company, Pittsburg, and John W. McDonald, of Washington, as his personal representatives, and Hugh Young, national bank examiner of Pittsburg, to appraise carefully all the assets of the bank. Upon receiving the report the comptroller will decide as to whether there is any possibility of the bank going into voluntary liquidation or whether a permanent receiver shall be appointed.

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HAPPENINGS OF 1898

A Chronological Array of the Most Prominent Events. STORY OF SPANISH-AMERICAN WAR. Brief Mention of Financial Failures, Startling Catastrophes and Crimes-Necrology of Year - Politics and Sport. BANK FAILURES. Jan. 17-State, Elmwood, Ill., $60,000. 24-National, Paola, Kan., suspended. 81-First national, Larimore, N. D., $71,754. Feb. 24-Bank of Southern Baltimore, $170,000. Mar. 16-Home savings, Sioux City, Ia., $60,000 Benson savings, Waterford, Pa., $40,000. 24-Bank of Merriam Park, St. Paul, Minn. People's state, Philadelphia, nearly $1,000,000. 25-Guarantors' Finance Co., Philadelphia, $1,047,500. Jun. 7-Delaware national, Delhi, N. Y., $25,000. 29-Thomas J. Kirby, private, Abilene, Kan., $283,000. Jul.20-Commercial state, Marshalltown, Ia. 21-German savings, Doon, Ia., $59,474 Northern, Lexington, Ky. (suspended). 23-Tawas savings, Tawas City, Mich. (suspended). Aug. 11-Bank of Waverly, Ill., $150,000. 27-Fillmore county, Preston, Minn., $150,000. Sep. 14-D. F. Parsons, private, Burr Oak, Mich., $100,000. 15-Jasper, Ala., bank, $65,000. 26-Allegheny, at Clifton Forge, Va., liabilities, $50,000. Oct. 4-Tradesman's national, at New York, $2,000,000 due depositors. Liabilities placed at $3,800,000. 13-Tioga national, of Oswego, N.Y., closed. 19-First national of Neligh, Neb., liabilities $108,000 German national of Pitts burgh, Pa., liabilities, $7,000,000. 21-First national, of Lisbon, O., capital $50,000-closed; resumed on Nov. 15. 29-Second national, of Springfield, O., goes into liquidation. Nov. 5-First national, of Flushing., O., suspends. 16-First national, of Emporia, Kan., closed. President suicides an hour later. 28-Bank of Hornersville, N. Y., closes doors with liabilities of $75,000. 30-Second national, of Toledo, O., goes into voluntary liquidation. Dec. 5-American savings, at Charleston, S. C., placed in hands of receiver. Liabilities, $100,000.

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BANK FAILURES

Jan. 17-State, Elmwood, III $60,000. 24-National, Paola, Kan., suspended. 31 - First national, Larimore, N. D., $71,754. Feb. 21-Bank of Southern Baltimore, $170. 000. Mar. 16-Home savings, Sioux City, Ia., $60, 000 Benson savings, Waterford, Pa., $40,000. 24-Bank of Merriam Park, St. Paul, Minn. People's state, Philadelphia, nearly $1,000,000. 25-Guarantors' Finance Co., Philadelphia, $1,047,500. Jun. 7-Delaware national, Delhi, N. Y., $25,000. 29-Thomas J. Kirby, private, Abilene, Kan., $283,000. Jul. 20-Commercial state, Marshalltown, Ia. 21-German savings, Doon, Ia. $59,474 Northern, Lexington, Ky. (suspended). 23-Tawas savings, Tawas City, Mich. (suspended). Aug. -Bank of Waverly, Ill., $150,000. 27-Fillmore county, Preston, Minn., $150, 000. Sep. 14-D. F. Parsons, private, Burr Oak, Mich, $100,000. 15-Jasper, Ala., bank, $65,000. 26-Allegheny, at Clifton Forge, Va., liabilities, $50,000. Oct. 4-Tradesman's national, at New York, $2,000,000 due depositors. Liabilities placed at $3,800,000. 13-Tioga national, of Oswego, N. Y., closed. 19-First national of Neligh, Neb., liabiliGerman national of Pitts ties $108,000 burgh, Pa., liabiliteis, $2,000,000. 21-First national, of Lisbon, O., capital $50,000-closed; resumed on Nov. 15. 29-Second national, of Springfield, O., goes into liquidation. Nov. 5-First national, of Flushing_2., suspends. 16-First national, of Emporia, Kan., closed. 28-Bank of Hornersville, N. Y., closes doors with liabilities of $75,000. 30-Second national, of Teledo O., goesinto voluntary liquidation.

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BANK FAILURES

Jan. 17-State, Elmwood, III., $60,000. 24 -National, Paola, Kan., suspended. 31 - First national, Larimore, N. D., $71,754. Feb. 24-Bank of Southern Baltimore, $170, 000. Mar. 16-Home savings, Sioux City, Ia., $60, 000 Benson savings, Waterford, Pa., $40,000. 24-Bank of Merriam Park, St. Paul, Minn. People's state, Philadelphia, nearly $1,000,000. 25-Guarantors' Finance Co., Philadelphia, $1,047,500. Jun. 7-Delaware national, Delhi, N. Y., $25,000. 29-Thomas J. Kirby, private, Abilene, Kan., $283,000. Jul. .20-Commercial state, Marshalltown, Ia. 21-German savings, Doon, 1a., $59,474 Northern, Lexington, Ky. (suspended) 23-Tawas savings, Tawas City, Mich. (sus pended) Aug. 11-Bank of Waverly, III., $150,000. 27 -Fillmore county, Preston, Minn., $150,000. Sep. 14-D. F. Parsons, private, Burr Oak, Mich., $100,000. 15-Jasper, Aia., bank, $65,000. 26-Allegheny, at Clifton Forge, Va., lia bilities, $50,000. Oct. 4-Tradesman's national, at New York, $2,000,000 due depositors. Liabilities placed at $3,800,000. 13-Tioga national, of Oswego, N. Y., closed. 19-First national of Neligh, Neb., liabiliGerman national of Pitts ties $108,000 burgh, Pa., liabiliteis, $2,000,000. 21-First national, of Lisbon. O., capital 350,000-closed; resumed on Nov. 15. 29-Second national, of Springfield, 0, goes into liquidation. Nov. 5-First national, of Flushing., O., suy. pends. 16-First national, of Emporia, Kan., closed. 28-Bank of Hornersville, N. Y., closes doora with liabilities of $75,000. 30-Second national, of Toledo, O., goes into voluntary liquidation. Dec. 5-American savings, at Charleston, S. C., placed in hands of receiver. Liabilities, $100,000.

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HAPPENINGS OF 1898

A Chronological Array of the Most Prominent Events. STORY OF SPANISH-AMERICAN WAR. Brief Mention of Financial Failures, Startling Oatastrophes and Crimes-Necrology of Year - Politics and Sport. / BANK FAILURES. Jan. 17-State, Elmwood, III., $60,000. 24-National, Paola, Kan., suspended. 31-First - national, Larimore, N. D., $71,754. Feb. 24-Bank of Southern Baltimore, $170,000. Mar. 16 Home savings, Sioux City, Ia., $60,000 Benson savings, Waterford, Pa., $40,000. 24-Bank of Merriam Park, St. Paul, Minn. People's state, Philadelphia, nearly $1,000,000. 25-Guarantors' Finance Co., Philadelphia, $1,047,500. Jun. 7-Delaware national, Delhi, N. Y., $25,000. 29-Thomas J. Kirby, private, Abilene, Kan., $283,000. Jul.20-Commercial state, Marshalltown, Ia. 21-German savings, Doon, la., $59,474 Northern, Lexington, Ky. (suspended). -Tawas savings, Tawas City, Mich. (suspended). Aug. 11-Bank of Waverly, Ill., $150,000. 27-Fillmore county, Preston, Minn., $150,000. Sep. 14-D. F. Parsons, private, Burr Oak, Mich., $100,000. 15-Jasper, Ala., bank, $65,000. 26-Allegheny, at Clifton Forge, Va., liabilities, $50,000. Oct. 4-Tradesman's national, at New York, $2,000,000 due depositors. Liabilities placed at $3,800,000. 13-Tioga national, of Oswego, N. Y., closed. 19-First national of Neligh, Neb., liabilities $108,000 German national of Pitts burgh, Pa., liabilities, $7,000,000. 21-First national, of Lisbon, O., capital $50,000-closed; resumed on Nov. 15. 29-Second national, of Springfield, O., goes into liquidation. Nov. 5-First national, of Flushing., O., suspends. 10-First national, of Emporia, Kan., closed. President suicides an hour later. 2S-Bank of Hornersville, N. Y., closes doors with liabilities of $75,000. S-Second national, of Toledo, O., goes into voluntary liquidation. Dec. 5-American savings, at Charleston, S. C., placed in hands of receiver. Liabilities, $100,000.

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BANK TO REOPEN

Pittsburg, Pa., January 21.-The German National bank, which suspended payment on October 18 last, will resume business on Monday with a capital of $250,000. There is enough cash on hand to pay every dollar the bank owes ($1,300,000), and all claims will be paid on demand.

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Sound as a Dollar

PITTSBURG, Pa., Jan. 21.-The German National bank, which suspended payment on Oct. 18 last, will resume business on Monday, with a capital of $250,000. There is enough cash on hand to pay every dollar the bank owes ($1,300,000) and all claims will be paid on demand.

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WILL PAY ALL DEBTS

Pittsburg, Jan. 23.-The German National bank, which suspended payment Oct. 18 last, resumed business today with a capital of $250,000. There is enough tash on hand to pay every dollar the bank owes ($1,300,000), and all claims will be paid on demand.

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Bank to Reopen

Pittsburg, Jan. 24.-The German Ns tional bank, which suspended payment on Oct. 18, will resume business to-da with a capital of $250,000. All claims will be paid on demand. Qn open ac counts 6 per cent interest will be pai from the date of suspension.

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Bank to Reopen

Pittsburg, Jan. 24.-The German National bank, which suspended payment on Oct. 18, will resume business to-day with a capital of $250,000. All claims will be paid on demand. On open accounts 6 per cent interest will be paid from the date of suspension.