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MICHIGAN BANK FAILS. Peoples Saving Bank of Lansing Closes its Doors. Lansing, Mich., July 13.-The People's Savings bank of this city failed to open its doors this morning and will go into the hands of a receiver. The bank is capitalized at $150,000. Failure to realize on ite assets to meet constant withdrawals is given as the cause of the suspension. The savings deposit had been reduced to less than $40,000.
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A Bank Failure. LANSING, Mich., July 13.-The People's Savings bank, this city, failed to open its doors this morning and will go into the hands of a receiver. The bank was capitalized for $150,000. Failure to realize on its assets to meet the constant withdrawals is given as the cause of suspension. The savings deposits have been reduced to less than $40,000.
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MICHIGAN BANK SUSPENDS. The People's of Lansing Unable to Stand the Present Strain. LANSING, Mich., July 13, 1896.-The People's Saving Bank did not open its doors this morning. The bank has been on the ragged edge for some time, but up to Saturday it was believed its diffculties could be tided over. Rumors became rife Saturday afternoon about closing, that the bank was unsound and a slight run was perceptible. The directors voluntarily sent for Commissioner Sherwood and the agreement was reached that the Michigan Trust Company should be appointed receiver. The bank had a capital of $150,000. Its failure is due to the impossibility to realize on its assets owing to the stringency of the money market and the gradual withdrawal of deposits. The steady withdrawal of deposits left the bank in such a crippled condition it could not continue business. None of the other local banks are involved in the People's Bank misfortune, and its closing has caused but little excitement.
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A Lansing Bank Fails. LANSING, Mich., July 13.-The People's saving bank failed to open this morning and will go into the hands of a receiver. The bank is capitalized at $150,000. The failure to realize on assets to meet constant withdrawals is given as a cause of the suspension. The savings deposits have been reduced to less than $40,000.
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FAILURE OF A SAVINGS BANK. Lansing. Mich., July 13.-The People's Savings Bank did not open its doors this morning. The bank has been on the ragged edge for some time, but up to Saturday it was believed its difficulties could be tided over. Rumors became rife Saturday afternoon that the bank was unsound, and a blight run was perceptible. The directors voluntarily sent for Commissioner Sherwood, and the agreement was reached that the Michigan Trust Company should be appointed receiver. The bank had a capita of $150,000. Its failure is due to the Impossibility to realize on its assets owing to the stringency of the money market, and the gradual withdrawal of deposits. The steady withdrawal of deposits left the bank in such a crippled condition that it could not continue business. None of the other local banks are involved in the People's Bank's misfortune, and its closing has caused best little excitement.
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A SAVINGS BANK CLOSED. Its Collapse Expected and no Exeitement Caused. Lansing, Mich, July 13.-The People's Savings Bank did not open its doors this morning. The bank has been on the ragged edge for some time, but up to Saturday it was believed its difficulties could be tided over. Rumors became rife Saturday afternoon about closing time that the bank was unsound, and a slight run was precipitated. The directors voluntarily sent for Commissioner Sherwood, and an agreement was reached that the Michigan Trust Company should be appointed receiver. The bank had a capital of $150,000. Its failure is due to the impossibility of realizing on its assets, owing to the stringency of the money market, and the gradual withdrawal of deposits. The steady withdrawals of deposits left the bank in such a crippled condition that it could not continue business. None of the other local banks are involved in the People's Bank's misfortune, and its closing has caused but little excitement.
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Savings Bank Fails. LANSING, Mich., July 13.-The Peoples' Saving Bank of this city failed to open its doors this morning and will go into the hands of a receiver. The bank is capitalized at $150,000. Failure to realize on its assets to meet constant withdrawals is given as the cause of the suspension. The savings deposits have been reduced to less than $10,000.
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A Bank Failure LANSING, Mich., July 13.-The People's Savings bank failed to open this morning and will go into the hands of receivers. The bank is capitalized at $150,000. Failure to realize on assets to meet constant withdrawals is given as the cause of suspension. The savings deposits have been reduced to less than $40,000.
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BANK FAILED TO OPEN. Lansing, Mich., July 13.-The People's Savings Bank of this city failed to open its doors this morning, and will go into the hands of a receiver. The bank is capitalized at $150,000. Failure to realize on its assets to meet constant withdrawals is given as the cause of the suspension. The savings deposits have been reduced to less than $40,000.
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10c round trip on Bessemer and Birmingham Railroad every Sunday. Closed Its Doors. Lansing, Mich, July 13.-The People's Savings bank did not open its doors this morning. The bank has been on the ragged edge for some time, but up to Saturday it was believed its difficulties could be tided over. Rumors became rife Saturday afternoon about closing time that the bank was unsound and a slight run was perceptible. The directors voluntarily sent for Commissioner Sherwood and an agreement was reached that the Michigan Trust company should be appointed receiver. The bank had a capital of $150,000. Its failure is due to the impossibility to realize on its assets, owing to the stringency of the money market and the gradual withdrawal of deposits. The steady withdrawal of deposits left the bank in such a crippled condition it could not continue business. None of the other local banks are involved in the People's bank's misfortune, and its closing has caused but little excitement.
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SAVINGS BANK SUSPENDS. No Other Institution Involved-But Little Excitement. LANSING, MICH., July 13.-The People's Saving Bank did not open its doors this morning. The bank has been on the ragged edge for some time, but on Saturday it was believed its difficulties could be tided over. Rumors became rife Saturday evening about closing time that the bank was unsound, and a slight run was perceptible. The directors voluntarily sent for Commissioner Sherwood and an agreement was reached that the Michigan Trust Company should be appointed receiver. The bank had a capital of $150,000. Its failure is due to the impossibility to realize on its assets, owing to the stringency of the money market and the gradual withdrawal of deposits. The steady withdrawal of deposits left the bank in such a crippled condition it could not continue business. None of the other local banks are involved in the People's Bank's misfortune, and 4ts closing has caused but little excitement.
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Bank Doors Closed. LANSING, Mich., July 14.-The People's Savings bank of this city failed to open its doors and will go into the hands of a receiver. The bank is capitalized at $150,000. Failure to realize on its assets to meet constant withdrawals is given as the cause for suspension. The savings deposits have been reduced to less than $40,000.
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DOMESTIC. Ex-Congressman Frank Hurd died of apoplexy the 10th inst. at Toledo, O. He was born in 1841. The Boston Daily Standard, an A. P. A. journal established in 1895, has suspended publication. The business failures of last week numbered 215 in the United States against 253 last year, and 39 in Canada against 35 last year. Twenty new paper making machines are to be added to the New England mills this year, each machine having a capacity of 15 tons daily. An excursion train on the Wisconsin Central railroad ran into an open switch at Altenheim, a suburb of Chicago, ten miles east of that city, Monday evening, killing five people and injuring about 20. The tragie death of Austin Corbin at his country seat in Newport leaves Hon. Charles E. l'ilton of Tilton the wealthiest man residing within the New Hampshire borders. Mr. Tilton is reputed to have at least $12,000,000. George Washington Foote, weighing 20 pounds, was born on the Fourth to Mr. and Mrs. Robert Foote of Lee, Mass. A son born 18 months ago weighed 18 pounds and another son. now three years old. weighed 22 pounds when born. The cashier of the New York Biscuit Co. at Chicago was held up in his office at 12 o'clock Saturday noon by four men armed with revolvers. The robbers seized the money which was to meet the pay roll-more than $2000-and escaped without leaving any clue to their identity. Peter Hill, while attempting to hive bees during a rain storm last week on the farm of John Morley, near Grahamsville, Sullivan county, N. Y., was struck by lightning and instantly killed. The bees had settled in a maple tree and Hill was climbing a ladder that rested against the tree. Hayn D. Roberts. a farmer, shot his wife to death and committed suicide Sunday at Aurora, Neb. No cause is known 1or the crime. Roberts was a wealthy and eccentric individual. The murderer attempted to escape, and finding himself surrounded, blew out his brains. Secretary Rounseville of the Fall River Cotton Manufacturing company has received a letter from a Southern cotton manufacturer in which the writer states that 1,913,000 out of a total of 2,500,000 spindles in the South have agreed to shut down 38₫ per cent of the time between July and October, The People's Savings bank of Lansing, Mich., failed to open its doors Monday morning and will go into the hands of a receiver. The bank is capitalized at $150,000. Failure to realize on its assets to meet constant withdrawals is given as the cause of the suspension. The savings deposited have been reduced to less than $4000. Julius Freudenthal, a merchant who
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THE NEWS. L. G. Fleming, of the Exchange National Bank, of Eldorado, Kan., has been arrested on the charge of forgery and embezzlement -James Cox, a Louisville convict, disem- the Preston Neal during a fight in A receiver for the Middletown appointed bowled State penitentiary. Car Works has killed been at Middletown, Pa-Josiah Brown was and his brother, Joseph Brown, fatally John M. Dow, in Seabrook, N.H. town of Malvern, Ark., was --The stabbed by but $12,000 almost entirely wiped out by fire All of the $46,000 stolen from Christopher a Chicago miser, has been recovHopper and wife, don, Ky., committed suicide. Schrage, ered. -Joseph They of Lon- laid to down on the track and allowed a train their heads.--Three of the gang been holding up people run who over have arrested in Chicago in Deand killing others have been troit The wife and two small children of Martin L. Drury, a farmer in Montgomery were township, on the North Mountain, Pa., In fatally bitten by copperhead snakes. a fight between revenue officers and moon- Marin Franklin county, Va., Deputy was shot through of the m onshiners shiners shal and several Fitzwater killed. the arm, Edgar T. Fisher, of Philadelphia, committed hotel. suicide in a bathroom in a New York barns of the Chicago City Railway were burned, together The Company car Ducro with 554 & cars Loss, $550,000. John Sons' building and a number of small struc- by tures in Ashtabula, O., were destroyed about $50,000, fire. by insurance.-Three Loss, prisoners partially Huntington, covered at the Pennsylvania Reformatory, at one made their escape, after locking up guard and intimidating another. Patrick Carney, sixty years old, was kicker death in Chicago by James Wilson.to Major W. C. Murland, ex-city attorney Pittsburg, pleaded guilty to a charge of em bezzling city funds.-The People's Saving it Bank, of Lansing, Mich., failed t open and will go into the hands of a re The bank is capitalized at ceiver. doors Association will $150,00C mee --The Virginia Bar Old Point Comfort.-The battleship at Texas came out of the dry dock at the Nor folk navy yard.--James L. Taylor wa drowned at Pinners Point, Va. ---A masked robbed and shot Barkeeper Tomlinsor Va at man Nomeldorf`s saloon, in Kanawha, W. Mrs Henry Inske, wife of a farmer nea Creek, in Ohio, was flood. The Big the Bracken Agricultural drowner Depart by ment has issued an appeal for a "bird day,' be observed throughout the country. to Roberts, a Nebraska farmer, killed hi H wife and himself.-Ely the train robber has been captured in Lawson, Mo.train on the Lehigh Valley ran into Severa a COV Hazleton and was wrecked. near were fatally injured.-Special th Master persons Crawford filed his audit in United States Circuit Court in Philadelphii Phila the account of the receivers of the delphia of and Reading Railroad Company occurMay last -- Two incendiary fires for red in Toledo, Ohio, and at one of them o policeman and a fireman were badly mill hurt The accident occurred at the planing Maclaren & Sprague. Robert M. Hunter and William Joyce, cabin boys on the steamer Bonanza, shot Ohio. and killed Peter Whitaker in Pomeroy, The killing was the result of the rivalry over a woman. Their homes are in Cincinnati -As the freight train 218, on Con- the Fitchburg Railroad was on its way to cord, Mass, it jumped the track just outside of Concord Junction, and ten cars contain- SOC ing live stock were demolished. Over calves, sheep and oxen were killed, and numbers were 80 badly injured that they federal had to be killed immediately In the court in Seattle, Washington, Judge Halford Rous has made an order d smissing Oakes, and Payne, the old receivers of the Northern Pacific, excusing them and their sureties the from furtter liabilities and wiping out charge of contempt of court which have beer in pending against them Eight of the firmary at Cincinuati died from the effects Lin Fourth of July feast The Mallory steamer a Colorado struck A mud scow in Ne h and was so badly damage her beached her. York that harbor; captain held The its Unite an States nual meeting Educational at Lawrence. Association Kansas.
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ROTTEN TO THE CORE. Bank Depositors Won't Get Over 10 Cents on the Dollar. Lansing, Mich., Dec. 12.-Receiver Foster of the defunct People's Savings Bank has filed his report with Circuit Judge Person, which shows that the institution was rotten to the very core. It is estimated that the depositors will receive 10 cents on the dollar, and this is con. sidered a high estimate. It develops in the investigation made by Receiver Foster that thousands of dollars of the bank's stock held by individuals was never backed by a dollar of anybody's money.
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Minor State Matters. Romeo voted to raise $13,000 for an electric light plant. Twenty Hollanders at Kalamazoo will go to the Klondike next spring. Much thieving has been going on at the Lake Harbor hotel, at Muskegon. Three thousand children participated in the Rally Day parade at Jackson. A farmers' picnic was held at Homer, which was attended by 3,000 persons. Charles Turner and Mrs. P. G. Hemenway, old residents of Bellevue, are dead. The water supply of Saginaw will be analyzed at the University of Michigan. J. Moore, a Jackson laborer, was found dead in his room at the Occidental hotel. The Grand Council of the Catholic Mutual Benefit Association met at Ann Arbor. The shingle mill of Dunham Bros. at Marion burned. Loss, $1,500; no insurance. A $4,000 addition to the public school building at Watervliet has just been completed. A 3-year-old son of Napoleon Dutil, of West Bay City, fell into a well and was drowned. Miss Bridget Reagan, of Berlin, was severely burned by the explosion of a gasoline stove. E. S. Clark, of Oakley, was held up by footpads at Bay City, brutally assaulted and robbed. The new State telephone line between Port Huron and Detroit will soon be in working order. Mrs. Margaret Tebb, of. Port Huron, was iun down by a runaway horse and seriously injured. Nels Hellesner, aged 23, a medical student at the U. of M., was drowned while bathing at Chicago. George Demars was crushed to death in a hay press on the farm of John Manning, near Saginaw. Daniel Zigert's barn near Three Oakes, together with its contents, burned. Loss, $2,000; partly insured. A couple of baskets of peaches, afflicted with the yellows, have been discovered on the Grand Rapids market. F. D. Hayes and George Kilston have been bound over for trial on the charge of burglarizing the Elm depot. Mrs. Joe Dunn, the wife of a teamster at Pontiac, attempted to commit suicide by taking a dose of morphine. Joseph Dalman, who fooled Grand Rapids contractors, has been convicted of obtaining money under false pretenses. George C. Verway attempted to net the part of a peacemaker at Muskegon and was severely beaten by five young men. Dairy Commissioner Grosvenor and his deputy inspectors had a conference relative to the enforcement of the new oleomargarine law. Frank Hawes, who was charged with shooting Hugh McKinna, at Harrisville, has been discharged, McKinna failing to appear against him. Rev. William Knight, pastor of the First Congregational Church, the largest and wealthiest church in Saginaw, resigned on account of ill health. The constitutionality of a Port Huron ordinance which provides that a judge has a right to deny a jury trial to violators of the city's ordinances will be tested. George Humphrey, aged 11 years, while playing on the turntable in the Michigan Central yards at Oxford, was crushed by an engine and died shortly afterwards. Narcisse Mercier, after an absence of twenty-five years, has returned to his old home at Calumet. He is said to have a claim worth $250,000 on the Klondike, and is said to have $30,000 in gold with him. William Finch has begun a $10,000 damage suit against the Excelsior Electrie Light Company, of Port Huron, for the death of his son William, who was killed by a falling electric light pole a week ago. The twenty-first annual reunion of the Sixty-seventh Ohio Veteran Volunteer Infantry was held at Morenci, it being the first reunion held on Michigan soil. There were eighty-seven members of that regiment present. Haroutones Carambanian and Antranig Garabel Bedowin, students at the Ag-ricultural College, called upon Deputy Clerk Dunnebacke and foreswore all allegiance to the Sultan of Turkey, and became full-fledged citizens of the United States. Farmer Black, who lives on the Flint River, near Saginaw, took down his army musket and went hunting for a potato thief. He found the robber and fired into the air to frighten him. The fellow returned the compliment, hitting Black in the leg. He then carried off all the potatoes he wanted. Receiver Foster, of the People's Saving Bank at Lansing, has discontinued suits to collect a 70 per cent. assessment on the stock of the bank for the benefit of depositors brought against non-residents of the county against whom a decree could not be enforced. The Seventh Day Adventists have an army of volunteer canvassers out selling their books and papers. There were 343 in the field in July and they have just made their report at headquarters at Battle Creek for that month, which shows the work they do. They took 12,558 orders, amounting to $18,083.54. They sold 6.091 of their books.
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Mrs. Geo. Comstock, whose husbane is chief of the fire patrol of San Francisco is visiting friends in this city. ) A large number of Indians are in town interested in the whisky selling case now before the U.S. Court. Albert Kneeland, a bigamist, who has twelve living wives, was sentence ed at St. Joseph, Mo., yesterday to three years and six months in prison. This is bis third term for tuis-offense. The fire in the smuggler mine at Aspen, Col. is still raging, and the situation is becoming more alarming. It is believed that unless the fire can be extinguished sone the whole district will have to US abandoned temporarily. Warrants were issued for the art of the officers of the defunct Peopl in Savings Bank of Lassing, Mich. The officers are charged with making false entries in the books in order to deceive the Directors and Bank Commissioners. Yesterday. while workmen at the Harris, Blood & Co. plant were working along on the bedrock under the tailings they uncovered a lump of nearly solid amalgam weighing about 100 pounds. This amalgam, although mixed with black clay, [contained a sufflcient quantity of gold to give it a rich yellow color and was soft, being largely quicksilver. The lump was considered to be worth several thousand dollars.- Enterprise. As a sequel to the suspension of the Marios Lodge of the Elks for initiat1112 Robert Fitzsimmons into the order e mes this letter to the lodge from the firhten :"Feeli g that my add mission to membership has placed your lodge in P. position to be criticised. DO matter how unjustly, I offer this resignation in the hope that your friendly relations with the order may be wholly res'ored." When everything that you have tried fails to give you relief call on P. N. Hansen and order Vita Oro, the great natural remedy for all failings, T. N. Stone, Commissioner of Deeds for California, and Notary Public for Orn by county. Office: Capitol Build g.
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For Sale—Old, improved 80 acre farm, three miles south-east of Ovid. Known as the "Kenney Farm" Described as e ½ of ne ¼ sec 22, t 7 n, r 1 e Must be sold. Possession given October 1. SEYMOUR FOSTER, Receiver People's Savings Bank, Lansing, Mich.
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olland has subscribed $500 to the e Red Cross fund. inter wheat in Oakland County is in condition sood Ade he Ancient Order of Gleaners is beorganized in Gladwin County. homas Murphy, aged 35 years, of Bay was fatally kicked by a horse. orton McKenzie of Oxford was sely injured in a runaway accident. r. and Mrs. A. N. Fitch of Lapeer ly escaped asphyxiation by escaping 'suN alter Rowe of Mosherville was accitally shot while hunting. He will reen. eo. F. Irwin, aged 25 years, fell from caffolding at Muskegon and was intly killed. arry White, a fireman at Kalamawas run over by a hook and ladder pany and had one leg broken. he Catholies of Oxford have raised cient money to build a church, and edifice will be started shortly, here are thirty-four liquor dealers in ham County, and they have paid $16,in taxes to the county treasurer this lenn Haviland is the name of a 10-old incorrigible of Lansing who has 1 sent to the industrial school for us wight Ostrander, aged 27 years, a dent of Wexford County, was acc)tally killed in a lumber camp near nistee Crossing. yron Danderson, a prominent farmer on-the banks of Strait lake, OakCounty, had his arm torn off while UJOQ . Sug wo barns, 400 bushels of grain and nty tons of hay, belonging to John A. der, a prosperous farmer living near a, burned. Loss $2,000. arness thieves are operating in yne County near Northville. Geo. tenbury, John Thompson and Hiram mes are their latest victims. he soldiers' relief board of Berrien nty has allowed most of the claims of abers of Company I, Thirty-third regnt, amounting in all to about $2,000. enry Harding of Menominee has sold 1900 cut of shingles to Walcott Bros. Manchester, Iowa. The cut is estied at 15,000,000 feet, valued at $30,he farm house of John Palmer, locat21/2 miles from Highland station, burntogether with its contents. Palmer si the life of a hermit. He is 80 'Plo S.I ev. Sam Bettes, the evangelist, annces that he will build a yacht durthe winter, and next spring will start a trip to the Andes mountains to do sionary work. he Menominee River Shingle Co. sold Chicago parties 100,000 ties of the 0 season cut. The price paid was an rease over former years, and the deal olves about $50,000. he large general store of Caplan & german burned at Baldwin. The stock $ valued at $8,000 and was insured for 000. About $200 in currency also ned. Nothing was saved. eceiver Foster of the People's Sav, Bank at Lansing, has declared aner dividend of 5 per cent to the deitors of that institution, making in all dends of 421/2 per cent which have declared. = hief Justicé Grant has taken the oath office and qualified for his new term ten years to commence Jan. 1, when will drop from the head of the bench the other end. Justice Montgomery ceeds him as chief justice. errinton is stirred up over an attempt have the village council pass an ordice prohibiting persons under 18 years age from being on the streets after 8 ock p. m. unless accompanied by their ents. It was tabled temporarily. ailroad Commissioner Chase S. Osn has refused the application of the troit, Rochester, Romeo and Lake on Railroad for permission to cross Michigan Central Railroad at Rochr at grade for a period of thirty days.