0b83db7a133e6921Accommodated withdrawals, Capital injected, Full suspension
Click image to open full size in new tab
A National Bank Suspends. WEST SUPERIOR, Wis., Dec. 11.-The National Bank of Commerce of Duluth, failed to open for business this morning. A notice posted on the doors stated that owing to inability to make any money in the business the directors had decided to suspend.
Click image to open full size in new tab
More Prosperity. Niagara Falls, N. Y., Dec. 11 The First National bank closed its doors today as the result of a run. West Superior, Wis., Dec. 11.-The National Bank of Commerce of Duluth failed this morning.
Click image to open full size in new tab
generally known and there has been P. run on the bank the few days past. These facts and the failure of the newly elected president to qualify caused the suspension. At the last reportibe capital was $100,000; individual de. posits, $118,267; demand certificates outstanding, $16 689; notes and bills rediscounted, $29 678. WEST SUPERIOR, Wis., Dac. 11.The National Bank of Commerce of Duluth failed to open this morning. A notice posted stated that owing t inability to make any money the directors bad decided to suspend and expected to pay the depositors at an early date. The bank 18 capitalized at $200,000; has $80,000 sutplus. At the last report the capital was $200,000; deposits, $92,000.
Click image to open full size in new tab
Cities of Niagara Falls and Duluth Hard Hit by Failures. NIAGARA FALLS, Dec. 11.-The First National bank of this city did not open its doors for business this morning. Instead a notice was posted that at a meting of the directors last night it was decided to close the institution. It is said that the depositors will get their money. A few days ago the Niagara Glazed Paper company failed and several of the bank directors were hard hit. This was generally known and there has been a run on the bank for a few days. These facts and the fact that a newly elected president failed to qualify caused the suspension. WEST SUPERIOR, Wis., Dec. 11.-The National Bank of Commerce of Duluth, falled to open for business this morning. A notice posted on the doors stated that owing to the inability to make any money in the business the directors had decided to suspend. The notice also stated that the bank expected to pay depositors at an early date. The bank is capitalized at $200,000 and has $30,000 surplus. WASHINGTON, Dec. 11.-The comptroller of the currency has received notice of the failure of the National Bank of Commerce of Duluth, Minn. At the last report this bank had a capital stock of $200,000; individual deposits, $67,174; demand certificates of deposit. $29,528; notes and bills rediscounted, $40,000. Notice was received also of the failure of the First National bank of Niagara Falls. The bank's capital was $100,000; individual deposits, $118,267; demand certificates outstanding, $16,639; notes and bills rediscounted, $29,678.
Click image to open full size in new tab
BANKS CLOSE THEIR DOORS. FAILURE OF THE FIRST NATIONAL OF NIAGARA FALLS-WESTERN INSTITUTIONS GO UNDER. Niagara Falls, N. Y., Dec. 11.-The First National Bank of this city closed its doors this morning and posted a notice announcing its suspension. The directors held a meeting last night to consider the condition of the bank's affairs. and at 12:30 o'clock this morning they decided to suspend. Among those present was Senator Ellsworth, of Lockport. The action taken by the directors is said to be due to heavy withdrawals, amounting to almost a run on the bank. It is believed that the depositors will be paid in full. The bank was organized on June 1, 1893. with a capital of $100,000. The assets and liabilities are estimated at $300,000. Two days ago President Phillips resigned, and George B. Rand, president of the First National Bank of Tonawanda, was elected in his place, but has not yet qualified. The Cataract Milling Company, O. B. GaskIII. president, has been seized by the Sheriff on executions issued by Eastern parties. The mill was a heavy borrower from the First National Bank. Ex-Mayor Phillips, the president of the bank. accuses Cash er Henry Durk, of making large loans. about $80,000. to C. B. Gaskill, president of the Street Railway Company. of the Cataract Milling Company and a director of the power company, without the knowledge or consent of the directors or other officers of the bank. He also says that the loans were so cleverly covered up that the bank examiner could not learn of them. All this Mr. Durk denies. Syracuse, N. Y., Dec. 11.-Two receivers were this afternoon appointed for the Commercial Travellers' Life Association of New-York State. The assets are placed at $60,000 and the liabilities at $100,000. The association was first organized in 1872. Harlan, Iowa. Dec. 11.-Frederick A. Bennett, State Bank Examiner, took possession of the Harlan State Bank yesterday, under instructions from the Auditor of the State. Its capital is said to be $50,000 and deposits $75,000. The depositors will be safe, as the assets will. it is expected, pay them and leave a little for the stockholders. Duluth, Minn. Dec. 11.-The National Bank of Commerce of this city closed Its doors this morning. Its paid-up capital was $200,000. Its last statement showed undivided profits of $10,000. deposits of $200,000 and loans and discounts of $375,000. A notice posted on the door states that, owing to inability to make any money in the business, the directors had decided to suspend. and that the bank expected to pay depositors at an early date. Toledo, Ohio, Dec. 11.-Leland Smith & Co., whole. sale tobacco and cigars. failed to-day. Liabilities, $10,000: assets, somewhat less. The vice-president. J. G. Gould. disappeared several days ago, but it is said that fact has nothing to do with the failure. E. M. Harley & Co., retail gentlemen's furnishings. also failed to-day. The preferred claims amount to $23,000: assets not given. Providence. Dec. 11.-Walter F. Slade and Francls H. Clough. doing business as Walter F. Slade & Co., at the Clear River woollen mill. in Burrellville, were adjudged insolvent in the Supreme Court to-day. Their liabilities are $136,592. and their assets about $53,500.
Click image to open full size in new tab
Bank of Commerce Closed. Duluth. Minn., Dec. 11.-The National Bank of Commerce, of this city, closed its doors this morning. Its paid up capital was $200,000. Its last statement showed undivided profits of $10,000; deposits, $200.000, and loans and discounts, $375,000. A notice posted on the door states that owing to inability to make any money in that business, the directors had decided to suspend, and that the bank expected to pay depositors at an early date.
Click image to open full size in new tab
NIAGRA BANK FAILS. Washington, Dec. 11.-Notice was received of the failure of the First National bank Niagara Falls. The bank's capital was $100,000; individual deposits $118,267; demand certificates outstanding, $16,639; notes and bills rediscounted, $29,678. DULUTH BANK FAILS TO OPEN. West Superior, Wis., Dec. 11.-The National bank of Commerce of Duluth failed to open for business this morning. A notice posted on the doors stated that owing to inability to make any money in the business the directors had decided to suspend. The notice also stated that the bank expected to pay depositors at an early date. The bank is capitalized at $200,000 and has $30,000 surplus. GLASS FACTORIES RESUME. Pittsburg, Pa., Dec. 11.-A general resumption of operations in the window glass factories of the country will take place to-morrow, furnishing employment to several thousand workers. Five factories employing over 1,000 men will start up here to-night and a sixth employing 300 men to-morrow.
Click image to open full size in new tab
NOTES AND COMMENT. The First National bank of Niagara Falls, N. Y., has failed. Bryan's majority in Colorado was 127,942. The total vote was 188,400. The Niagara Glazed Paper Company of Niagara Falls, N. Y., has failed. Texas Populist papers are demanding the passage of the Australian ballot law in that State. Reports seem to indicate that Maceo, the Cuban General, was killed in a skirmish December 7. The dispatches state that Hanna will help Huntington get his Pacific railroad bill through Congress. Los Angeles Civic Review: "We wanted sixteen to one, but what we are likely to get is nothing to ate." It has been decided by the Executive committee of the gold Democracy to maintain the organization. The various National Soldiers' Homes cared for 40,448 veterans last year at an average of $111.60 each. The National committee of the National party is called to meet at the Sherman I House, Chicago, January 1. The National Bank of Commerce of Duluth, Minn., has closed its doors. The cause assigned is inability to make money. The Idaho Supreme court holds that the woman's suffrage amendment was legally adopted at the recent election in that State. The Supreme court of Kentucky has decided that whisky in bond in government warehouses in that State is subject to taxation. At Albany, Ga., a Negro charged with assaulting a girl was placed on trial, con. victed and sentenced to hang in one hour's time. The Union and Confederate soldiers of Missouri are being organized into one body under the name of the "Blue and the Gray." H.L. Loucks is a candidate for Senator from South Dakota to succeed Senator Kyle. Mr. Kyle is a candidate for reelection. Attorney General Harmon reports to Congress that the present anti-trust laws are defective and inadequate. He recommends legislation on this line. Missouri officers are still keeping up the search for Bob Taylor, the murderer who escaped from jail a few days before the date on which he was to hang. Of McKinley's 7,100,000 votes. 1,700,000 were colored and 19.92 per cent. were of foreign birth. Only 12.14 per cent. of Bryan's vote were foreign born. The Statistician of the National Department of Agriculture for December show that winter wheat is in better condition in Kansas than in any State in the union. Ex-President Harrison says that he has no desire to accept any position which would result in his return to public life. The people will be fully satisfied if his mind remains unchanged. Six men held up an Iron Mountain train within one mile of the St. Louis Union depot December 10. The express car was a through one, and all the valuables being locked in a strong safe, nothing was secured. The Santa Fe New Nexican makes the sensible suggestion that the present Department of Agriculture be abolished and in its place & Department of Industry be created, with bureaus of agriculture, mining and manufactures. William K. Vanderbilt contributed $150,000 to the Republican National campaign fund. The Pennsylvania railroad gave $100,000. These were the largest amounts given to the fund. The total fund ran thamilliana
Click image to open full size in new tab
Quentin, Cal., for the murder of Joseph Pierre, of Marysville, last May. The Georgia legislature has passed a bill making women eligible for state librarian. The International hypothecate bank was incorporated at Dubuque, Ia., with a capital of $10,000,000. Walter F. Slade and Francis H. Clough, operating the Clear River woolen mills at Burrellville, R. I., failed for $1,000,000. The National bank of commerce at Duluth, Minn., closed its doors with liabilities of $135,000. The First national bank of Niagara Falls, N. Y., suspended with liabilities of $150,000. Mrs. Sarah B. Ingersoll Cooper and her daughter, Harriet Cooper, both widely known as workers in the cause of temperance, Christianity and philanthropy. committed suicide together in their home at San Francisco because of a church scandal in which they sided with the pastor and were snubbed by former friends. The Commercial Travelers' Life association of Syracuse, N. Y., went into a receiver's hands with liabilities of $100,000. At the annual meeitng in Philadelphia of the National Civil Service Reform league Carl Schurz, of New York, was reelected president.
Click image to open full size in new tab
Fire wiped out the tobacco manufacturing plant of Brown Bros. at Winston, N. C., loss being $150,000. Benny Freeman shot his father, Dr. George Freeman, at Missouri Valley. la., and then killed himself. No cause is known. At a meeting in Indianapolis the national executive committee of the national democratic party decided to retain the organization. The notorious Modoe chief, ScarFaced Charley, died of consumption on the Modoc reservation in Indian territory. The legislature of Alabama has taken a lecess until January 20. At New Richmond, Wis., Joseph H Kriesel and his sister Lena were struck and instantly killed by a west-bound passenger train. At a Catholic fair in Duluth, Minn., Miss Mae Kelly, a prominent young society woman, tell dead just as she nad begun singing "He Giveth His Beloved Sleep." Jonathan Esterly & Co., bankers at Columbiana, 0., closed their doors with liabilities of $165,000. The doors of the Harlan state bank at Harlan, Ia., were closed, owing depositors $75,000. In the late election in West Virginia the official vote for residential candidates was as follows: McKinley, 104,414; Bryan, 92,927; Levering, 1,203; Palmer, 677. McKinley's plurality, 11,487. In Illinois the corn crop this year is 288,500,000 bushels, which is the largest yield in the history of the state. At San Quentin, Cal., Marshall J. Miller was hanged for the murder of Joseph Pierre, of Marysville, last May. The legislature of Georgia has passed a bill making women eligible for state librarian. At Dubuque, Ia., the International hypothecate bank was incorporated with a capital of $10,000,000. The doors of the National bank ot commerce at Duluth, Minn., were closed with liabilities of $135,000. In San Francisco Mrs. Sarah R. Ingersoll Cooper and her daughter, Harriet Cooper, both widely known as workers in the cause of temperance, Christianity and philanthropy, committed suicide together in their home because of a church seandal in which they sided with the pastor and were snubbed by former friends. In Iowa an organization of friends of Cuba has been effected, with headquarters in Des Moines. The new city directory gives Indianapolis a population of 180,000, an increase of 11,000 in one year. Fire destroyed the Free Press and Doniphan Eagle offices at Grand Island, Neb. In an address to his followers Charles D. Lane, chairman of the national bimetallist committee, u ges them to suspend active agitation of the subject of free coinage of silver for the present and to join in upholding the hands of Maj. M Kinley as president of the United States, and to support him in all efforts to increase the prosperity of the people. In St. Louis an exceedingly wellexecuted counterfeit of United States five-dollar gold coins is in circulation. At their home in Indianapolis Mrs. Catherine Corbett, aged 70, and her daughter Mary, aged 40,were suffocated by gas. Railway earnings in Iowa the past year were $41,000,000, a gain of $5,000,000 over the previous year. At Cleveland, O., F. B. Newton, an extensive lumber dealer, made an assignment with liabilities of $125,000. Ernest L. Chase, aged 38, cut the throat of his wife, aged 32, in Detroit, Mich., in a fit of insane jealous rage and then cut his own throat. Thomas Watson, the recent populist candidate for the vice presidency, will contest the seat in congress now filled by Mr. Black, of the Tenth Georgia district. Advicesfromallsectionsof the United States tel of the horror and indignation felt at the manner in which Gen. Maceo and his comrades were lured to their deaths in Cuba. In Mexico, Mo., James Clacher, for many years a leading merchant, died from the effects of a sunstroke received 17 years ago. John Prickett & Son bankers in
Click image to open full size in new tab
The National Bank of Commerce of Duluth has closed its doors. The deposits of the bank decreased from $206,000 last June to about $50,000 at the time of its / suspension.
Click image to open full size in new tab
LOCAL ITEMS. -Dora, the daughter of Mr. and Mrs. S. W. Wright, was bitten by a dog on her left cheek Friday evening. Dr. Webster cauterized and dressed the wound, and it is not thought that any harm will result. --The suit of Alexander Anderson VS. Ed. Junket was tried in the municipal court Saturday afternoon. A. E. Hawes, of Chicago, and W. N. Plymat were the attorneys engaged. It will be argued tomorrow afternoon. Geo. Chapman, a well-to-do farmer of Eagle Lake,leftMondaymorning for Port Arthur, Texas, with A. M. Rutan. He will look over the country with a view to locating if he likes it. He wants to live where the winters are shorter than the past one has been. -John Coudert, a traveling man, was arrested ;and locked up Friday for being too noisy, as a result of too great familiarity with the wine cup. The charge of disorderly conduct was preferred against him in the municipal court this morning and he paid a fine of $8.65. -The Republican city committee Saturday filed its financial report with County Auditor Gunders, covering this spring's city election. The total receipts were $302.50 and the total 'expenditnres were $228.46, leaving a cash balance in the hands of the committee of $74.04, -It is not generally known that Jacob Friend, who was tried and acquitted of the alleged murder of Clara Ober,at Blue Earth City, has embarked in the saloon business in this city. He has secured the transfer of a license and is running a saloon in block fourteen,and has been there for about two weeks. -The attention of the county board was taken up Tuesday listening to arguments for and against a petition to form a new joint school district out of parts of districts 112 and 114, of Blue Earth county, and districts 20 and 37, of Brown county, Those who want the new district want a school house nearer to them, while the opponents do not want to pay for another school house. -J. W. Davies, manager of the Judson creamery, was in the city yesterday and expressed himself as strongly in favor of going ahead with the work of the butter board of trade at Tuesday's meeting in this city. He suggests that a weekly selling day be named, and the buyers notified to be present. If a start can be made, there is no doubt that the board will be a success, as Mankato is the natural location for one. -The dog license ordinance is likely to remain a dead letter for another year unless the people of the city show an interest in having it enforced. Mayor Pfau is not likely to order its enforcement unless it is shown to be the desire of the people. From the way the streets are filling up with dogs,it would appear that the services of a dog catcher are needed for a time. -The National Bank of Commerce, of Duluth, of which J. A. Willard is president, suspended in December after paying out eighty per cent. of its deposits. It has reopened within five months from the suspension and paid all of the depositors in full, and is the only suspended bank in Duluth that has done so, and the only suspended bank in the country that has opened within that length of time. In order to do so, a great effort was necessary, and great credit is due to the officers. The bank is now on a more solid foundation than ever before. -The Northwestern May Musical Festival promises to eclipse anything in the way of concert and grand opera ever presented in this part of the country. This splendid affair will be held in the Exposition building, Minneapolis, May 17th and 18th. Special reduced rates will be in effect on all railroads and the very reasonable prices of the festival tickets will induce many people from here and other places to go to Minneapolis for the occasion. The sale of season