7903000891124 790300089
hash
77a91d912634595fNone
Click image to open full size in new tab
The Cashier Took $41,000. ST. LOUIS, Aug. 9.-At Altamont, Ills.. the banking house of C. M. Wright & Co. has suspended. The cashier, Levi Butier, is missing. He left a letter saying he took $41,000. It is said the depositors will be paid in full.
Click image to open full size in new tab
ABBREVIATED TELEGRAMS. The Fort Pitt tanneries and the offices and warehouse of the Consolidated Wire company at Rankin Station, Pa., burned, causing a loss of $125,000. Fred A Hoffman jumped from the roof of his uncle's house, No. SGranville street, Pittsburg, and died almost instantly. He had just left an insane asylum supposedly cured. In order to meet the demand for bank notes the burea of engraving at Washington will work overtime. John A. Scott, an American who manages a sugar plantation in Hawaii, says that annexation is the final destiny of the islands, but that a popular vote now would be largely against that policy. Col. A. H. Tyson, of Gov. Pattison's staff and appointed engineer of the Pennsylvania forestry commission recently on Secretary Harrity's recommendation, is now under arrest at Harrity's instance charged with obtaining money under false pretenses. A report from New York saysthat President Cleveland has practically decided to nominate William B. Hornblower, of that city, to fill the vacancy in the United supreme court caused by the death of Judge Samuel Blatchford. Dr, Herman Mynter, of Buffalo, believes that he has Sophocles' skull. It was dug up near Dekelsia, Greece, by the doctor's brother, who is general director of the royal possessions of Greece. A reward of $700 has been offered for the arrest of the persons who nearly killed E. B. Chapin at Champaign, III, Aug. 2. The reward is offered by the Champaign Printing company and by the city of Champaign. The probable average yield of wheat in Illinois this year is estimated at thirteen bushels an acre, and of corn thirty bushels to the acre. A monster golden eagle attempted to carry off Joseph Maynes, near Toledo. The bird had lifted Maynes, who weighs 151 pounds, from his feet three times, when a companion came to his assistance and the eagle was captured. C. M. Wright & Co., bankers at Altamont, Ills., have suspended and the cashier, Levi Butler, has disappeared, leaving a letter saying that he has taken $41,000 of the firm's cash. Case block at Three Rivers, Mich., was partially destroyed by fire. Losses aggregate $15,000. A delegation representing eight western counties of Kansas met with the executive council at Topeka for a con ference in regard to procuring seed wheat to be used this fall. To Improve Our Consular Service. The consular service should be made more homogeneous. As at present constituted there is no general supervision over the different consulates in the several countries. They should all be made subservient to the consul general, or, even better, as in the English service, to the minister accredited to the country in which they are located. As it is, some consuls report to the legation, some to the consul general and others direct to the department of state. It is recognized that this custom arose partly to procure quicker mail facilities, but in many instances postal service has been improved lately, and the cable and telegraph can be used for emergencies. The consuls general could be dispensed with, or if retained should pay annual visits to the different posts in their districts, a duty at present only permitted in some countries once a year and by special permission on application to the department. A novel feature might be substituted to increase the efficiency of the consular service in the institution of several superintendents, whose duty it would be to visit the various consulates and inform the department in relation to their true state, such as the proper location of the office, the state of the records, the correctness of accounts, as well as to ferret out abuses and inquire int
Click image to open full size in new tab
BANKS AND BANKERS IN TROUBLE. Wellsburg, W. Va., Aug. 8.-The Back of, Wellsburg, owned by Samuel George, closed its doors this morning. The bank has assets of $300,000, and liabilities of $150,000. Runs are in progress on other banks here. North Branch, Minn., Aug. 8.-The Bank of North Branch, owned by J. F. Kingsland, failed to open Its doors yesterday morning. The suspension was caused by a run on the Bank of St. Charles, of which Mr. Kingsland is vigè-president. The Institution IN solvent and will reopen in a few weeks. Altamont, 111., Aug. 8.-The banking house of C. M. Wright & Co. suspended yesterday. The eashier. Levi Butler, Is missing. He left a letter saying he took $41,000. It Is sald the depositors will be paid in full. Yorkville, III., Aug. 8.-E. L. Henring. a banker of Plano. assigned yesterday. It Is thought Mr. Henning will soon be able to resume business. Rice Lake, Wis., Aug. 8.-This morning the Barron County Bank, of which N. W. Bailey is proprietor, assigned to R. M. Whitaker. The liabilities are $20,000, but the assets are five times that amount. The bank will pay dollar for dollar of its obligations
Click image to open full size in new tab
HE WAS THOUGHTFUL. In a news item of yesterday we read the following very cheerful statement: The banking house of C. M. WRIGHT & Co., in Altamont, III., has suspended. The cashier, LEVI BUTLER, is missing. He left a letter saying he took $41,000. How much better it would be if all bank cashiers would show the same regard for the public, the depositors and the directors. A simple note to the effect that he had left would perhaps have caused them some trouble in figuring up the books after he was gone. But he proposed to do the square thing and he bravely and in a business-like manner explained by mail, being obliged to catch the train, and consequently unable to see in person the officials, how much money he had taken with him. We hope the example set by the Illinois Napoleon of finance will be closely followed and emulated by all the thousands of cashiers who are booked to leave within the next few months This would be the business of it, and it would show some regard and consideration for those who have trusted them.
Click image to open full size in new tab
The Cashier Took $41,000. ST. Louis, Aug. 9.-At Altamont, Ills.. the banking house of C. M. Wright & Co. has suspended. The cashier. Levi Butler, is missing. He left a letter saying he took $41,000. It is said the depositors will be paid in full. i
Click image to open full size in new tab
Admitted Stealing $41,000. ALTAMONT, Ill., Aug. 8.-The banking house of C. M. Wright & Co. suspended Monday morning. The cashier, Levi Butler, is missing. He left a letter saying he took $41,000. It is said the depositors will be paid in full.
Click image to open full size in new tab
suit to recover $1,400,000 tied up by the Marine Bank suspension, $5,000 in the Milwaukee National Bank and $500,000 in the Commercial Bank at Eau Chire. YORKVIILE Ill. Aug. 8 -E L Henning, a banker of Plano, assigned yes terday. It is thought Mr. Henning will soon be able to resume business RICE LAKE. Wis., Aug -This morning the Barron County Bank, of which N. W. Bailey is proprietor, assigned to R. M. Whitaker. The liabilities are $20,000, but the assets are five times that amount. The bank will pay dollar for dollar of its obligations and resume at the earliest possible moment CHICAGO, Aug. 8 -The New York creditors charge fraud in the assign ment of the James H Walker Co. Be fore Judge McConnell this afternoon Charles Spielman & Co., who are creditors to the extent of $13,000, through Moran, Kraus and Mayer filed a petition asking that they be allowed to replevin certain goods sold the Jas. H. Walker Co. on July 12 last, they alleging that they were induced to sell the goods and extend credit to the company by reason of certain fraudulent statements as to the resources made by W. A. Mason, treasurer, and by James H. Walker. Eighteen big business failures was the record for one day in New York City alone, August 8. NORTH BRANCH, Minn., Aug 8 -The Bank of North Branch, owned by J.F. Kingsland, has suspended The institution is solvent and will re open in a few weeks. ALTAMONT, III., Aug. 8 -The bank. ing house of C. M. Wright & Co has suspended. The cashier, Levi Butler, is missing. He left a letter say ing that he had embezzled $41,000 of the bank's money. It is said that depositors will be paid in full PITT&BURG, Pa., Aug. 9.-The Linden Steel Co., one of the largest manufac turing concerns in Pittsburg, has suspended operations on account of the stringency of the times and difficulty in procuring discounts and inability to make collections. All the employees, about eight hundred, have been dis charged. The company had a number of contracts from the government for plate. MINNEAPOLIS, Aug 9 -The Missis sippi Valley Lumber Association met here yesterday in semi annual session and agreed to reduce the cut for the balance of the season one-half. The date agreed on for closing the saw mills was September 20. LAWRENCE, Mass, Aug 9.-The fol lowing notice was sent out by theagent of the Pemberton Cotton Mills this morning: "Owing to the extreme diffi culty in obtaining currency with which to pay our employees weekly, accord ing to law, this mill will close Satur day noon, August 12, for three weeks LANSING, Mich, Aug. 9 - E Bement & Sons, manufacturers of implements and stoves, have made a ten per cent cut in the wages of their six hundred employees. The men accepted the cut rather than be thrown out of employment. CHICAGO, Aug. 9 -Swift & Co., packers at the stock yards, yesterday laid off five hundred employees. They also retrenched by reducing the wages of the remaining employees ten per cent. The action was expected, and was caused by the condition of things at present existing at the yards. GUTHRIE, O. T., Aug. 9.-A govern ment official who has just returned from a trip along the Kansas line of the Cherokee strip reports great destitution and suffering among the people. Many are suffering for food and live stock is dying from Texas fever and starvation, the hot weather having burned up the Kansas grass. Hay is held at an enormous price, and a patrol of soldiers prevents the people from pasturing their stock on the abundant grass on the strip.