83901079 8390
national
0a5b394488f83908Accommodated withdrawals, Public signal of financial health
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An Ex-Sheriff's Failure. WAYNESBURG, Pa., Nov. 28,-ExSheriff Sprigg made an assignment yesterday which involved W. T. Wantz, cashier of the Farmers' and Drovers' National bank and the report caused a small run on the bank. The directors assured the depositors that the bank was perfectly able to pay deposits. Reverses in cattle ventures in the West was the cause of the failure. The liabilities will reach many thousands of dollars.
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WAYNESBURG'S PANIC. Dozens of Business Men are Practically Ruined. WAYNESBURG, PA., November 30.During the last three days and nights judgment notes amounting to $500,000 have been entered in the Prothonotary's office at this place, and many of the formerly prominent business men are rained financially. The Farmers and Drovers' National Bank opened its doors again this morning, and notwithstanding it is considered safe, there was a rush made at once by depositors which lasted all day. The newly elected President, G. L. Wyly, says the bank is safe and has plenty of money to pay all the depositors. A. L. Lindsay, formerly Assistant Cashier, was elected Cashier at a meeting of the directors yesterday morning, vice W. T. Lantz. At least twenty of the most wealthy men of the county will be ruined by being bail for those who have failed. Among them are Robt. Smith, County Treasurer; all he has and likely his bondsmen also are heavy losers. W.P. Lautz's liabilities are about $100,000 more than his assets. W. Bradens, ex-Treasurer, and D. A. Spragg, $50,000 each. Gen. J. F. Temple and ex-Collector John Dowlin about $125,000 each. Many farmers all over the county are in for bail money. Much talk is heard against Lautz & Spragg, and they may be arrested, At this time it is not possible to tell who are hurt, but there never was such a failure here before, and a general panic may follow. Money could not be obtained here to-day for less than 20 per cent.
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Suspended Banks Reopen Their Doors. KANSAS CITY. Aug. 16. - The Armourdale Bank at Armourdale. which suspended business in the financial crash in the two Kansas cities one month ago yesterday. has reopened its doors and resumed business. FORT SCOTT, Kan., Aug. 16-The First National Bank of this city. which suspended on July 18, resumed business this morning. Bank Examiner Latimer of Sedalia. who has been in charge since it closed. has issued a notice to depositors saying that the institution is in good financial condition. WASHINGTON. Aug. 16.-The First National Bank of Rico, Col., which suspended payment June 30. 1893. having complied with the conditions imposed by the Comptroller of the Currency. and its capital stock being unimpaired. has been permitted to-day to reopen its doors for business. CLEVELAND. Aug. 16.-The Cardington Banking Company. at Cardington. O., closed its doors this afternoon. Theassets approximate $100. 000 and are said to be sufficient to meet the demands of the creditors. The President of the bank. Major W. G. Beatty. was obliged to make an assignment. and the bank could not weather the trouble brought on by his embarrassment. CARROLLTON. Pa.. Aug. 16.-The banks of Johnston. Bucks county. at Ebensburg. Carrollton. and Hastings. which suspended payments until they could get more money. will open again on Monday morning.