78801123 7880
national
31dba562f77b839bFull suspension, Books examined
Other: Comptroller/examiner intervention: bank examiner placed in charge and later the Comptroller authorized the bank to resume business.
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Louisville City National Bank Assigns. LOTISVILLE. Ky July 24.- - The Louisville City National Bank suspended payment this afternoon. The bank has a capital of $400,000. The bank found it impossible to realize on its assets, owing to the financialstring+ncy. Deposits received today will be returned to the bank's patrons.
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PEOPLE AND PLACES. MUNICH, July 24.-The condition of King Otto of Bavaria is daily becoming worse. TACOMA, Wash.. July 24. - The Tacoma National bank did not open its doors this morning. PLAINVIEW, Neb., July 24. The Plainview State bank was robbed last night of $30,000 cash. and in consequence did not open its doors this morning. NEW YORK, July 24.-Henry Bach, wholesale clothing. No. 737 Broadway.with branches in Boston and Chicago, is financially embarrassed. His liabilities are over $100,000. CONNERSVILLE, Ind., July 24. The Citizens' bank. owned by ex-United States Treasurer Huston, has failed. No statement of assets or liabilities. Depositors will. it is said, be paid in full. WASHINGTON, July 24.-The treasury is informed that 15 persons, eight of them federal officials, have been indicted at Portland, Ore., for smuggling Chinese and opium into the United States. LOUISVILLE, Ky., July The Louis= ville City National bank suspended this afternoon. It has a capital of $400,000. It was impossible to realize on assets. Deposits received to-day will be returned. NEW YORK. July 21.-One hundred and twenty-eight thousand ounces of silver will be shipped to-morrow. Two hundred thousand dollars of gold arrived to-day from Europe and $270,000 from Havana. MANCHESTER, N. H., July 24.-The National Bank of the Commonwealth will suspend payment to-morrow. Its assets and liabilities about $625,000. The sus. pension of the New Hampshire Trust company precipitated this. SYRACUSE, N. Y., July 24.-The extensive manufacturing firm, Bradley & Co., went into a receiver's hands this afternoon. The firm manufactured trip hammers, wagons and fancy carriages and filters. The buildings and plant are valued at $500,000. The liabilities are about $350,000. DENVER, July 21. - Bank Examiner Lazar says: All the six suspended banks here have enough assets to resume in time and that a plan is on foot to get depositors to accept certificates of deposit payable in instalments giving them time to realize on their assets and prevent enforced liquidation. ASBURY PARK, July 21.-One hundred and forty members of the First brigade of the New Jersey National guard. now in camp at Sea Girt, are prostrated by some mysterious poison, the nature of which is not known. It may have come from OX+ alic acid gathesed in their tin cups. which had been stored since last summer. It is not thought that any of the men will die. WASHINGTON. July 24.-The grand jury found true bills against Col. Frederick C. Ainsworth, chief of record and pension division of the war department. George W. Dart. the contractor employed to make excavation for the electric light plant. W. E. Covert, superintendent, and Francis Casse. engineer. holding them responsible for the old Ford theater disaster last June in which 23 persons lost their lives, and a large number were injured.
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Broken by a Scoundrel. LOUISVILLE, July .-The Louisville City National bank has suspended payment. Its suspension was expected, as it has been very weak for some time. Wm. Pope, the teller of this bank, walked off one Saturday evening in March, 1889, with $60,000 buttoned under his overcoat. He was accompanied by a prominent young society man, and though rewards were offered by the bank and the bondsmen they have never been heard from. The bank never recovered from *the loss. It is expected that about three other banks will suspend.
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BANK FAILURES. Suspension of the National of Louisville. LOUISVILLE. July 24.-The Louisville City National Bank closed its doors this afternoon. Since the financial stringency began the bank has exerted itself to increase its cash resources, but could make little headway against the general tendency. The steady daily drain was too much for it. The last statement, made July 20, showed the following: Capital stock paid in, $400,000; surplus, $80,000; undivided profits, $22,796. It is hardly probable that the bank will resume. Three years ARO W. H. Pope, its teller, fied with over $70,000, and this was a hard blow to the bank. Bank Examiner Escoll has been placed in charge. The depositors will be paid in full. MILWAUKEE, July 24.-John B. Koetting, cashier of the defunct South Side Savings Bank, has disappeared from the city, and simultaneously the discovery has been made that the general ledge of the institution is not among the effects of the the cashier says bank. President left Trumpff Milwaukee of the last bank Friday and before taking his departure left with him (Trumpff) a power of attorney to convert his real estate and homestead. worth $50,000. into cash for the benefit of the bank's creditors. John Barth was appointed receiver of the bank to-night. TACOMA. July 24.-The Tacoma National Bank failed 10 open this morning. It was one of the best and most conservative banks in the city. Its deposit accounts were very large. and since the failare of the Merchants' National early in June it has been made a special point of attack by frightened depositors. In the last seven weeks it has paid out nearly 50 per cent of its deposits. The bank is believed to be entirely sol. vent, and its officers are confident it will reopen within thirty days. The failure was followed by slightly increased withdrawals from other banks, but no other failures are anticipated, as all other banks are said to be well fortified with cash. GREAT FALLS, Mont., July 24.-The Merchants' National Bank closed its doors at noon. A notice signed by the airectors stated that all depositors will be paid in full. The property of President Banks was attached on Saturday for $25,000, and he was deposed. The assets and lin bilities are not yet known. The bank held $21,000 of city, $32,000 of county and $20,000 of State funds, but has little or no ready money on hand. There is no uneasiness about other banks, PLAINVIEW, Nebr.. July 24.-ThePlain-
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MORE BANKS SUSPEND. The Creditors and Depositors of That Owned by Ex-Treasurer James N. Huston will Not Lose Anything. CONNERSVILLE, Ind, July 24.-The Citizens' bank, owned by ex-United States Treasurer Huston, failed to open its doors this morning, owing to financial stringency. Liabilities and assets are not yet made known. The depositors will, it is said, be paid in full. In an interview with ex-Treasurer J. N. Huston regarding the suspension of the Citizens' bank he said: "It is my misfortune. None of the depositors or creditors will lose a cent. My personal property will more than cover all liabilities, to say nothing about the real estate. It will not affect any of the industries in which I am interested in the least. The real cause of the suspension is the IU. more that have been spread abroad that I was interested in foreign speculations and had lost heavily. There is nothing in the story, but it had the effect to scare quite a number of my depositors, which left mein a crippled condition. The bank 18 my own individual property, and every dollar that I am worth will stand good for my liabilities. No one will lose anything All that I ask is a little time and everything will be adjusted satisfactorily. I have been building up a business for twenty-years here and always took pride in my honesty. Now I have the opportunity to show the people that I am honest. I want no one to lose anything, not even those who have been instrumental in bringing my misfortune about." PLAINVILLE, Neb, July 24.-The Plainville State bank was robbed last night of about $3,000 in cash. In consequence the bank did not open its doors this morning. LOUISVILLE, July 24 -The Louisville City National bank suspended payment at 1:20 o'clock this morning. The bank has a capital of $400,000. The announcement that the bank had closed for business was not unexpected. The bank found that it impossible to realize on the assets, owing to the financial stringency. Deposits received to-day will be returned to the bank's patrons. TACOMA, Wash., July 24.-The Tacoma National bank, one of the strongest in the northwest, suspended this morning. This bank has been assisting other banks in the city for the past six months. QUIET IN MILWAUKEE. MILWAUKEE, July 24.-There was a good deal of nervousness in banking circles this morning and runs developed on & number of banks' But toward noon things quieted down and the alarm of depositors is rapidly subsiding. It now looks as if the crisis had passed. The nervousness of to daylis the result of senseless rumors set afloat after banking hours on Saturday. GREAT FALLS, Mont., July 24.-The Merchants National bank closed to day. The directors state that all depositors will be paid in full. The bank held $73,000 of in public funds.
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Special to the RECORD-UNION. WASHINGTON, July 24.-The Treasury officers say the week opens with bright financial prospects, and they speak with confidence of the future. Many of the banks that failed within the past few days have taken the necessary steps to resume, and Comptroller Eckels is lending them all the aid possible. The First National Bank of Santa Ana, Cal., which resumed on Saturday, received in deposits $12,000, while the withdrawals amounted to only $6,000. This is regarded here as evidence that confidence has been practically restored on the Pacific Coast. AN INDIANA FAILURE. CONNORSVILLE (Ind.), July 24. - The Citizens' Bank, owned by ex-United States Treasurer Huston, has failed. There is no statement of assets or liabilities. The depositors will, it is said, be paid in full. Huston says that none of the depositors or creditors will lose one cent: that his personal property will more than cover the liabilities, not to mention his real estate; that it will not affect any of the industries in which he is interested, and that the cause of the suspension is baseless rumors. He is interested in foreign speculations, losing heavily. All he asks is alittle time. PRIVATE BANKERS CLOSE THEIR DOORS. CHICAGO, July 24.-Bradford & Church, private bankers, closed their doors without even posting a notice. Their whereabouts seem known only to themselves. The deposits are light, but gathered from a large number of poor people by a system of distributing small iron savings banks, which could only be unlocked at the bank, into which pennies and nickels were dropped and periodically taken to the bank for deposit. ANOTHER LOUISVILLE BANK. LOUISVILLE (Ky.), July 24.-The Louisville City National Bank suspended this afternoon. It has a capital of $400,000, and it was impossible to realize on the assets. The deposits received to-day will be returned. TACOMA BANK FAILS. PORTLAND (Or.), July 24.-Private messages from Tacoma state that the Tacoma National Bank failed to open its doors this morning. No statement is given. DENVER BANKS TO RESUME IN TIME. DENVER, July 24.-Bank Examiner Lazar says all the six suspended banks here have enough assets to resume in time, and that the plan on foot is to get depositors to accept certificates of deposits, payable in installments, giving them time to realize on the assets and prevent enforced liquidation. A HAPPY TURN. PITTSBURG, July 24.-The extensive iron and steel plant of Jones & Laughlins resumed in all its departments to-day after an idleness of several weeks. The steel, iron and finishers' scales of the Amalgamated Association were all signed. The resumption gives employment to 5,000 men.
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TELEGRAPHIC BREVITIES. The condition of King Otto, of Bavaria, is daily becoming worse. The Tacoma, Wash., National bank d notopen its doors yesterday morning. At Columbus, 0., yesterday, Dr. Herman Firshburg shot and killed T. F. Meisse, a butcher. He claims Meisse assaulted him. The Plainview, Neb., State bank was robbed Sunday night of $3,000 cash, and in consequence did not open its doors yesterday morning. The warehouse of the Ohio Transfer Storage company, at Columbus, burned at midnight last night, entailing a loss of $300,000, partly insured. Two hundred and eighty-six thousand ounces of silver were offered at the treasury yesterday at 69%@70%. All were declined and 69 6-10 offered. At Brooklyn, Arbuckle Brothers coffee mills, employing 800 men, has closed on account of depression in trade. They hope to start up main "hursday. The Southern Electric company, one of the big enterpr ses in Baltimore made an assignment yesterday. Slow collections the cause. Assets, $175,000; liabilities, $100,000. The Louisville City National bank suspended yesterday. It has a capital of $400,000; impossible to realize on assets, and deposits received yesterday are to be returned. The treasury is info rmed that fifteen persons, eight of them federal officials, have been indicted at Portland, Ore., for smuggling Chinese and opium into the United States. One hundred and twenty-eight thousand ounces of silver will be shipped today from New York. Two hundred thousand dollars in gold arrived yesterday from Europe and $270,000 from Havana. At Manchester, N. H., the National Bank of Commerce will suspend payment this moraing. Assets and liabilities are about $625,000. The suspension of the New Hampshire Trust company precipitated this.
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GONE UNDER. THE KENTUCKY NATIONAL AND THE LOUISVILLE CITY NATIONAL CLOSE THEIR DOORS. Uneasy Depositors Make a Rush and The Banks Go Out of Business. THE OLD BRECKINRIDGE SAFE. Last Saturday morning the Kentucky National Bank, of Louisville, closed its doors and suspended businsss. This did not create a great surprise in financial circles, as it had been known for some time that the bank was in straightened circumstances. The failure, however, created an uneasiness among depositors in other banks, and on Monday there was such a rush made on the Louisville City National, which was also known to be hovering between life and death, that it was forced to suspend payment at 1:30 o'clock in the afternoon. This, of course, created some excitement, coming, as it did, right on the heels of the Kentucky National's failure. A wild rumor was in circulation over in Tobin's Bottom yesterday that the Breckinridge Bank, of this city, had been caught for a considerable amount by the fa lure of the Kentucky National and this we wish to correct. A NEWS man in conversation with a prominent official of the Breckinridge Bank yesterday learned that this bank was in no way connected with the unfortunate Louisville banks, and had lost nothing by their suspension. The Bre ckinridge Bank has done no business with them for years and was in no shape to be caught. The patrons of the Breckinridge Bank need suffer no uneasiness, for it is on a safe footing. It has plenty of money and is well able to pay every cent of its liabilities at a moments notice. LATER. Business was hardly opened yesterday morning till two other Louisville banks were forced to close their doors. These were the Louisville Deposit Bank and the Merchant's National Bank. Their suspension was caused by a rush of depositors, demanding their money. STILL LATER. The Fourth National Bank, of Louis ville, shut up shop yestorday afternoon, and great excitement is prevailing.
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GONE UNDER. THE KENTUCKY NATIONAL AID THE LOUISVILLE CITY NAT IONAL CLOSE THEIR DOORS. Uneasy Depositors Make a Ruh and The Banks Go Out of Business. THE OLD BRECKINRIDGE SAFE Last Saturday morning the Kentucky National Bank, of Louisville, closed its doors and suspended businsss. This did not create a great surprise in financial circles, as it had been known for some time that the bank was in straightene circumstances. The failure, however created an uneasiness among depositors in other banks, and on Monday there was such a rush made on the Louisville City National, which was also known to be hovering between life and death, that it was forced to suspend payment at 1:30 o'clock in the afternoon. This, of course, created some excitement, coming, as it did, right on the heels of the Kentucky National's failure. A wild rumor was in circulation over in Tobin's Bottom yesterday that the Breckinridge Bank, of this city, had been caught for a considerable amount by the fa lure of the Kentucky National and this we wish to correct. A News man in conversation with a prominest official of the Breckinridge Bank yesterday learned that this bank was in m way connected with the unfortunate Louisville banks, and had lost nothing by their suspension. The Br. ckinridge Bank has done no business with then for years and was in no shape to be caught. The patrons of the Breckinridge Bank need suffer no uneasiness, for it is on a safe footing. It has plenty of money and is well able to pay every cent of its liabilities at a moments notice. LATER. Business was hardly opened yesterday morning till two other Louisville banks were forced to close their doors. These were the Louisville Deposit Bank and the Merchant's National Bank. Their suspension was caused by a rush of depositors, demanding their money. STILL LATER. The Fourth National Bank, of Louis ville, shut up shop yeste rday afternoon, and great excitement is prevailing.
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THREE MORE IN LOUISVILLE, Two National and a Private Bank Forced to Close Up. Special to the Indianapolis Journal. LOUISVILLE, July 25.-Panic reigned in banking circles here to-day, and as a result three more failures are added to the list, making five since Saturday for Louisville. Runs were in progress on all the banks and none can tell where the trouble will end. The institutions gone up to-day are the Merchants' National, the Fourth National and the Louisville Deposit Bank. The Merchants' was the first to go. Half an hour later the Deposit Bank posted a notice and about the same time the Fourth National went to the wall. At that hour the excitement was running high and every one of half a dozen banks was crowded with depositors who were in line waiting their turn with the paying teller. The first failure of the present crisis was that of the Kentucky National Bank, Saturday. Then came the Louisville City National Monday, after the intervention of a Sunday holiday. and the Merchants' National. The Louisville Deposit and the Fourth National to-day. The failing of the Merchants' National was caused by the withdrawals of country banks and country depositors. The Louisville Deposit was the only bank in the city not a member of the clearing-house association, and, in its time of need, none of the other banks would give it any assistance whatever. The suspension of the Fourth National was a result of the panic. For a week there has been a stendy pulling out of deposits. This changed into a run after the suspension of the Kentucky National last Saturday. and the run continued Monday and Tuesday, and until the funds were exhansted to-day. The Merchants' National was capitalized at $500,000. and J. H. Lindenberger is president. The Fourth National has a capital of $300,000. and a surplus of $5,000; George Davis is president. The Lonisville Deposit Bank has a capital of $800.000, and a surplus of $16,128; Moses Sch wartz 18 president. The last state. ment of the Fourth National was as follows: Resources.
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A CRITICAL DAY IN LOUISVILLE. MERCHANT NATIONAL, THE LOUISVILLE DEPOSIT AND THE FOURTH NATIONAL SUSPEND. Louisville, July 25.-This will prove a memorable day in the financial history of Louisville. At 10 o'Clock this morning the Merchants' National Bank posted a notice of syspension and half an hour later the failure of the Louisville Deposit Bank was announced. By this time there were runs upon half a dozen banks in the city. They all stood the pressure except one-the Fourth Navional-which closed its doors in the Board of Trade building at 1 o'clock. At that hour the excitement was running high and every one of half a dozen banks was crowded with depositors, who were in line waiting their turn with the paying-teller. The first failure of the present crisis was that of the Kentucky National Bank, on Saturday. Then came the Louisville City National Bank on Monday. The failure of the Merchants' National to-day was caused by the withdrawals of country banks and country depositors. The Louisville Deposit was the only bank in the city not a member of the Clearing (House Association, and in Its time of need none of the other banks would give it any assistance. The suspension of the Fourth National was a result of the ranic. For a week there has been a steady pulling out of deposits. This changed into a rún after the suspension of the Kentucky National last Saturday and the run continued Monday and Tuesday and until all the funds were exhausted to-day. The failures are not considered bad ones. Depositors in the two National banks will be paid in full and the loss to stockholders will not be more than 60 per cent in either case. The Merchants' National Bank is capitalized at $500,000 and J. H. Lindenberver is president. The Fourth National has a capital of $300,000 and a surplus of $35,000. George Davis is president. The Louisville Deposit Bank has a capital of $300,000 and a surplus of $16,128. Moses Schwartz is president.
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The Flurry In Louisville. LOUISVILLE, July 26-A memorable day in the history of Louisville has just passed. The Merchants' National bank posted a notice of suspension, and half an hour later the failure of the Louisville Deposit bank was announced. By this time half a dozen banks in the city were being run on by depositorsmostly small sums. They all stood the pressure except one-the Fourth National -which closed its doors in the board of trade building. Excitement was running high, and every one of half a dozen banks was crowded with depositors, who were in line waiting their turn with the paying teller. The first failure of the present crisis was that of the Kentucky National bank on Saturday. Then came the Louisville City National bank Monday, after the intervention of a Sunday holiday, and then the Merchants' bank, the Louisville Deposit and Fourth National.
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Other Bank Troubles. MEDFORD. Wis., July 25.-The Taylor County Bank. owned by Hartman and Matt. assigned yesterday for the benefit of creditors to F. L. Urquhart. The bank was the depository for county and city funds. Assets are given at sconded. $16,000. Herman Matt. the cashier. has abCONNORSVILLE, Ind., July 25.-The liabilities of the Citizens' Bank. which failed yesterday. are about $150,000. Mr. Huston's total assets will reach near $500.000. He holds more than enough collateral to liquidate the total indebtedness of the bank as soon as it can be realized upon. WASHINGTON, July 25.-Examiner Ford has been directed to assume charge of the failed Louisville City National Bank of Louisville, Examiner Escott of the failed Kentucky National Bank of Louisville, Examiner Young of the failed Indianapolis National Bank of Indianapolis. Examiner McDonald of the failed First National Bank of Orlanda. Fla., and Examiner Wilson of the failed Merchants' National Bank of Great Falls. Mon. The Comptroller of the Currency is advised that the Hutchinson National Bank of Hutchinson. Kan., which failed some time ago, is preparing to resume business. The First National Bank of Cisco. Tex., which suspended payment on the third instant. having complied with the conditions imposed by the Comptroller of the Currency. has been permitted to reopen its doors for business. The abstract of the condition of the national banks in Chicago. Ill., on July 12 last. shows the reserve to have been 30.6 per cent. The total lonns and discounts were $81,853,000: individual deposits. $66,000,000; surplus fund. $11,522,000, and gold and gold certificates. $12,500,000. The reserve for Detroit was 24.80, and for Minneapolis, 27.21 per cent.
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LATER. THE Forest and Dean mines near Highland Falls, N. Y., which had been in operation continuously for a hundred years, closed down for an indefinite period. SEVENTY guards in camp at Seagirt, N. J., were poisoned by drinking from cups washed in oxalic acid. A PIRATICAL outbreak occurred among the Achinez passengers on board the Dutch steamer Rajah Kongsee, trading on the eastern coast of Achon, and the Achinez killed the English captain, mate and twenty-two of the Asiatic sailors. DURING a gale at Buzzard's Bay, Mass., a yacht was capsized and six persons were drowned. THE Plainview (Neb.) State bank was robbed of $3,000 in cash, and in consequence the bank did not open its doors. THE extensive manufacturing firm of Bradley & Co. at Syracuse, N. Y., went into a receiver's hands with liabilities of $350,000. A SEVERE cyclone passed over the little town of Cale, I. T., destroying houses, barns, and everything in its path. FROM twenty to thirty Chinamen are said to enter the United States nightly via the Mexican border. A BLAZE in the Ohio Transfer & Storage company building at Columbus, O., destroyed the plant. Loss, $300,000. THREE boys and a man were killed by the explosion of a powder house near Huntington, Ind. BANK failures were reported as follows: The First national at Orlando, Fla., Tacoma national at Tacoma, Wash., City national at Louisville, Ky., Citizens at Connersville, Ind., Taylor county at Medford, Wis., and the National bank of the commonwealth and Bank of New England at Manchester, N. H. THE two hundredth anniversary of the birth of the city of Detroit, Mich., was celebrated. GAUDAUR defeated Hanlan in the boat race at Toronto, Ont., for the world's championship. DIRECTOR GENERAL DAVIS, President Higinbotham, Commissioner St. Clair, Commissioner Massey and Director C. H. Schwab were served with a notice to appear in court before Judge Stein in Chicago to show cause why they should not be attached for contempt of court in not opening the gates of the exposition on Sunday in violation of the injunction against closing issued in the Clingman case.
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THREE FAIL AT LOUISVILLE. Merchants' National, Louisville Deposit and Fourth National. LOUISVILLE, July 25.-This will prove a memorable day in the financial history of Louisville. At 10 o'clock this morning the Merchants' national bank posted a notice of suspension, and half an hour later the failure of the Louisville deposit bank was announced. By this time half a dozen banks in the city were being run by depositors, mostly small ones. They all stood the pressure except one, the Fourth national, which closed its doors in the Board of Trade building at 10 o'clock. At that hour the excitement was running high, and every one of a half dozen banks was crowded with depositors, who were in line awaiting their turn with the paying teller. The first failure of the present crisis was that of the Kentucky national bank Saturday. Then came the Louisville city national Monday, after the intervention of a Sunday holiday, and the Merchants' national, the Louisville deposit and the Fourth national today The failure of the Merchants' national was caused by the withdrawals of country banks and country depositors. The Louisville deposit was the only bank in the city not a member of the Clearing house association and in its time of need none of the other banks would give it any assistance whatever The suspension of the Fourth national was a result of the panic. There has been a steady pulling out of deposits. This changed into a run after the suspension of the Kentucky national last Saturday, and the run continued Monday and Tuesday and until all the funds were exhausted today. None of the failures are considered bad ones. Depositors in the two national banks will be paid in full, and the loss to stockholders will not be more than 60 per cent. in either case. The Merchants' national bank is capitalized at $500,000, and J. H. Lindenberger is president. The Fourth national has a capital of $300,000, a surplus of $35,000. George Davis is president. The Louisville deposit bank has a capital of $300,000 and a surplus of $16,128. Moses Schwartz is president. The Deposit bank was not a member of the clearing house. It was organized just before the Baring failure, and naturally its career has been a stormy one. It determined to have business; went for it, and in a little while it secured a handsome deposit. Cashier Ohligschlager said to a Post reporter that the bank was abundantly able to meet its liabilities if it could realize on its assets, and he assures the depositors that they will lose nothing. The Banks Solvent. President Davis of the Fourth national was seen just after the closing of the doors. "All the information we have to give out at this time." he said, "is that no one will lose a mill by our suspension." President Lindenberger of the Merchants' national said: "The bank is abundantly solvent, and there is no sort of doubt that the depositors will be paid in full. It is my judgment, from a calm view of the prospect as now presented. that the stockholders will receive the face value of their shares. Had the bank gone on without having to close the realization would have been greater, but even with the disadvantages under which we are now laboring I do not think they will lose anything." The Merchants' national bank of Louisville was organized as a national bank on July 5, 1874, succeeding the Merchants' bank of Kentucky, which had been operating under a charter from the state since Sept. 1, 1860. The Fourth national was organized in 1883. Shortly after the assignment of his bank. President Moses Schwartz filed an individual assignment in the county clerk's office to the same assignee, the Germania safety vault and trust company. All his personal assets are given over into the hands of the assignee. The Sweetwood distillery company also made an assignment by its president, Moses Schwartz, at 12:45 o'clock this afternoon, to the Germania safety vault and trust company. Mr. Schwartz could not say what the liabilities amounted to, and felt too bad to talk about the matter. Jake Schwartz, the liquor dealer, announced today that he had suspended. He owes $70,000, three-fourths of which he says is secured, and with time he claims he can pay off the rest and have something for himself. Lately he did business at Third and Main. He is a brother of Moses Schwartz, president of the assigned Louisville deposit bank. At 1:15 o'clock this afternoon a small run was caused on the German bank by an old colored woman, who had $50 deposited there. She did not have the certificate with her and demanded that she be given her money without identification. The noise she made attracted attention, and in a few moments a hundred people were about. The bank officials sent for Police Lieut. Jacobs and had a strong box, said to contain $300,000, brought over from the Louisville trust company. The money was spread out on the counter and the cashier announced that he was ready to pay off any and all
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CONTROLLER ECKELS BUSY. Many Suspended Banks Want to Resume Business. The controller of the currency was a busy man today. President Laws of the People's National Bank of Denver, Col., which recently resumed, applied, on behalf of that bank, for authority to absorb the assets of the People's Savings Bank of that city. The controller reserved his decision. Prestdent Dow of the Commercial National Bank of Denver, and President Walters of the First National Bank of Birmingham, Ala., applied to the controller today for authority to reopen those banks. The controller has authorized the City National Bank and the Merchants' National Bank of Louisville, Ky., to resume business September 1. The only bad news received by the controller today was the suspension of the First National Bank of York, Neb.
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Allowed to Reopen. WASHINGTON, Aug. 29.-The following national banks, which recently suspended payment, have today been permitted to reopen their doors for business: The German National Bank of Denver. Col.; the State National Ban k of Denver, Col.; the First National Bank of Canon City, Col.; the Louisville City National bank, of Louisville, Ky.; the Merchants' National Bank of Louisville, Ky.; the First National Bank of Ashland, Wis., and the First National Bank of Platteville, Wis.
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Banks Authorized to Resume. WASHINGTON. Aug. 30.-The following National banks, which recently suspended payment. were permitted to reopen their doors for business yesterday: The German National Bank and the State National Bank. of Denver; the First National Bank of Canon City, Col.: the Louisville City National Bank and the Merchants' National Bank. of Louisville, Ky.: the First National Bank, of Ashland. Wis.. and the First National Bank, of Platteville, Wis.
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National Banks Resume Business. WASHINGTON. Aug. 29.-The following national banks, which recently suspended Dayment. to-day have been permitted to reopen their doors for business. viz.: The German National Bank and the State National Bank of Denver: the First National Bank of Cañon City. Col.: the Louisville City National Bank, Louisville: the Merchants' National Bank of Louisville: the First National Bank of Ashland. Wis., and the First National Bank of Platteville. Wis. Application for authority to organize a national bank was to-day approved by the Comptroller of the Currency for the First National Bank of Woodward. Indian Territory. The Comptroller has authorized the following national banks to reopen on Sept. 1: The American National Bank of Omaha. Neb., and the American National Bank of Nashville, Tenn. The following national banks in Mankato, Minn.. have been authorized to reopen for business on Sept. 7: The First National Bank of Mankato. the National Citizens' Bank of Mankato, and the Mankato National Bank.
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AT THE OLD STAND, National Banks to Reopen Their Doors for Business. WASHINGTON, Aug. 30.-[Special.]The following National banks, which recently suspended payment, receiveda permit yesterday to reopen their doors for business: The German National Bank of Denver, Col.; the State National Bank of Denver, Col.; the First National Bank of Canon City, Col.; the Louisville City Na. tional Bank of Louisville, Ky.; the Merchants' National Bank of Louisville, Ky.; the First National Bank of Ashland, Wis., and the First National Bank of Platteville, Wis.
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FIFTY-THIRD CONGRESS. r AFTER ITS TWO WEEKS DEBATE THE HOUSE TOOK A REST. No Business of Importance Transacted-In S the Senate the Wilson Bill Came From Committee With Recommendation of Voorhees Bill as Substitute S SENATE. WASHINGTON, Aug. 29.-In the senate today Senator Teller objected to immediate consideration of the repeal bill and it went over. Senator Stewart's resolution inquiring about the condition of the treasury was referred to the finance committee. Senator Gordon advocated the unconditional repeal of the Sherman act. HOUSE. After a little routine business in the house Mr. Catchings called up the report of the committee on rules to govern the house of the Fifty-third congress, which the house proceeded to consider. The debate was very lengthy, Ex-Speaker Reed, Speaker Crisp, Messrs. Springer, Boatner, Bryan and others participating. Mr. Springer introduced a bill to coin seignoirage silver in the treasury, and the house adjourned. . WILSON BILL IN SENATE. 1 The senate committee on finance de cided to report back to the senate the Wilson bill with the recommendation that the Voorhees bill already on the calendar be substituted for it. The \ € committee also resolved to press the bill as rapidly as possible. BANKS RESUMING. The following national banks recently suspended are permitted to re-open for business: German National and Denver; First National, Canon City, Col.; Louisville City National and Merchants National, Louisville; First National, Ashland, Wis., and First National, Platteville, Wis. 9 CONFIRMATIONS. t The senate today confirmed L C p Ross, receiver of public moneys at 6 Oklahoma: Edward G Spillman, 9 register of the land office at Kingfisher, O.T.
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More Banks Resume. LOUISVILLE, KY., Aug. 31.-Two more suspended banks, the Louisville City National and the Merchants National, resumed business yesterday.
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THE WORLD AT LARGE. Summary of the Daily News. WASHINGTON NOTES. REPRESENTATIVE GEARY, of California, author of the Chinese exclusion act, called on Secretary Gresham and urged him to enforce the law. Mr. Geary received very little satisfaction. SECRETARY HOKE SMITH has revoked the former ruling of the department, which held that ditches, canals and reservoirs for irrigating purposes cannot be located on unsurveyed public land. IN view of the present peaceful condition of affairs in Samoa Secretary Herbert will not send a naval vessel to Apia for some time to come to represent the interests of the United States in Samoa. SECRETARY CARLISLE does not approve the bill to permit extension of the time in which whisky may lie in bonded warehouses without incurring the penalty. He believes the matter is not of sufficient importance to justify special legislation. SECRETARY CARLISLE has recommended an immediate appropriation of $300,000 for continuing the coinage of fractional silver coin and one of $44,000 for distinctive paper for printing treasury notes. THE department of agriculture has received cable advices that the French government will admit American for age into France free of duty. THE treasury is paying out gold now. Its paper resources are exhausted because of heavy expenditures. JOHN QUINCY, assistant secretary of state, has resigned, in order that he may take charge of the democratic campaign in Massachusetts. YUNG Yu, the new Chinese ambassador to the United States, says there will be no retaliation for the Geary act until its provisions are actually enforced. THE following named banks, which recently suspended payment, have been permitted to reopen their doors for business: State national bank, of Vernon, Tex.: First national bank, of San Marcos, Tex.: First national bank, of Lockhart. Tex. A REPORT has gained circulation that the president has recently been operated on for cancer, but his friends say there is not a word of truth in it. THE senate has confirmed E. G. Spillman, West Virginia. register of the land office at Kingfisher, Ok. A fight was made against him because he was not a resident of Oklahoma, but he won. THE following national banks which recently suspended payment have been permitted to reopen their doors for business: German national bank, of Denver, Col.; State national bank. Denver; First national bank, of Canon City, Col.. Louisville City National bank, of Louisville; Merchants national bank, of Louisville: the First national bank, of Ashland, Wis.
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# CONDENSED NEWS. A Collection of Interesting Items on Various Subjects, Especially Prepared for the Hasty Readers. Knights of Labor are raising funds to work for the release of Hugh Dempsey now serving a sentence for complicity in the Homestead poisoning conspiracy. Serious trouble is feared in the Kansas coal fields. Armed strikers are encamped near the Atchison, Topeka and Santa Fe mines, near Frontenac, and declare they will not let nonunion men work. At Chicago 25 labor leaders and 25 business men have organized into a relief committee. This joint committee will work together in trying to find work and bread for the unemployed residents of Chicago. Edward Rider, a rich farmer living near Baltimore, was bunkoed out of $5,000 by the old racket-two tin boxes shifted. Posters advertising for recruits for the United States army were torn down in Ottawa. According to full returns the cotton crop of Texas will fall 25 per cent below that of last year. At 2 o'clock Thursday afternoon the first spadeful of dirt was turned for the mid-winter fair in Golden Gate park, San Francisco. Mrs. Perine, Mrs. Cleveland's mother is announced to arrive in Washington about the middle of September "to take care of Mrs. Cleveland." Unless the employes of the St. Paul railroad change their mind there will be no strike. They claim that there is cause but not the slightest chance of success, there being so many unemployed. The national banks at Louisville are getting ready to resume business. Nellie Leavell walked from Marion, Ind., to get into the Indianapolis reformatory because she was mistreated at home. Northwestern Indiana and eastern Illinois are in great danger from prairie fires. There has been no rain in 10 weeks and already fires are blazing in the vicinity of South Bend, Ind. There will probably be great loss before the fires are gotten under control. The salmon run this year in the Fraser river, in British Columbia, is larger than ever before. Some of the small tributaries are so choked with fish that the boats are unable to cross. The run averages 900 to the boat. Many boats were swamped and one fisherman was drowned. One of the richest lead strikes ever made in the Galena region, was made a day or or two ago in an abandoned shaft. Frank T. Howard, brother of Miss Annie Howard, has announced that the marriage of Miss Howard to Mayor Carter H. Harrison of Chicago will take place in the latter part of September at the summer home of the Howards at Biloxi, the watering place of the gulf coast in southern part of Mississippi.