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BANK FAILURE. The Miners' and Merchants' Savings Institution of Lonaconing in the Hands of a Receiver. Cumberland. Maryland, March 21Receivers were appointed today for the Miners' and Merchants' Savings Bank of Lonaconing, which has $300,000 on deposit, its failure being consequent upon that of the City Trust and Bank ing Company of Baltimore, which organized the Lonaconing institution.
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AFTERMATH OF THE GREAT BALTIMORE FIRE. CUMBERLAND, Md., March 21.Receivers were appointed today for the Miners' and Merchants' Saving bank of Lonaconing, which has $300,000 on deposit, its failure being consequent upon that of the City Trust and Banking company of Baltimore which organized the Lonaconing institution,
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Bank Closes Its Doors. Special Dispatch to The Evening Star. CUMBERLAND, Md., March 21.-The Miners' and Merchants' Savings Bank of Lonancoing closed its doors today, their failure being consequent upon that of the City Trust Company of Baltimore. The latter, it is stated, organized the Lonaaconing institution. Jas. Ternent is president and Hugh Scott cashier of the Lonanconing bank. D. J. Blackiston and P. C. Barnes, attorneys, were this morning appointed receivers. The bank had $300,000 on deposit. It is believed it will not pay over 50 cents on the dollar.
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As a consequence of the financial troubles of the City Trust and Banking Company, of Baltimore, the Miners and Merchants' Savings Bank, of Lonaconing, Md., has closed its doors: James Ternent. president; Hugh Scott, cashier of the Lonaconing Bank; J. Blackistone, and P. C. Barnes, attorneys, were appointed receivers. The bank had $300,000 on deposit. It is believed it will not pay over 50 cents on the dollar.
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Receivers for a Bank. CUMBERLAND, Md., March 21.-Receivers were to-day appointed for the Miners' and Merchants' Savings Bank of Lonaconing, which has $300,000 on deposit. its failure being consequent upon that of the City Trust and Banking Company of Baltimore, which organized the Lonaconing institution.
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Maryland Bank Fails. Receivers have been appointed for the Miners' and Merchants' Savings Bank of Lonaconing, Md.
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TELEGRAPHIC BREVITIES. Hobart S. Bird, who tried to run a reform newspaper in Porto Rico, deserted the field after 62 arrests on charges of libel. Report comes from a Paris source that Japan, China and Korea have signed a treaty forming a triple alliance against Russia. Henry Norman, London journalist and member of pariiament, in a magazine article declares the present war is the beginning of a struggle to control China. President Truesdale, of the Lackawanna railroad, says great combinations of labor and capital are socialistic, and tend to destroy American individuality. Charles H. Callahan, a ticket scalper convicted at Buffalo of forging transportation tickets, has been sentenced to not less than one and not more than three years in state prison. The Macon & Birmingham railroad has begun suit against E. R. Henderson, recently removed from the office of auditor, for $50,000, charging shortage and embezzlement. Henderson has been indicted. Receivers have been appointed for the Miners' and Merchants' savings bank of Lonaconing, Md., its failure being due to that of the City Trust and Banking company at Baltimore. The deposits are $300,000. An organization of employers, with headquarters in New York and offices in Chicago and other western cities, it is said, plans to shut out union workers from employment at the St. Louis exposition.
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Receivers have been appointed for the Miners' and Merchants' savings bank of Lonaconing Md., which had $300,000 on deposit. The supreme court of the United States has adjourned for two weeks. At Higginsville, Mo., 50 buildings were partly wrecked, one man was mortally wounded and several others hurt by a tornado. The United States supreme court has again decided that persons traveling on railroad passes cannot secure damages in case of accident. Hobart S. Bird, who tried to run a reform newspaper in Porto Rico, returned to New York after 62 arrests on charges of libel. Assistant Postmaster General Britsow denied personal knowledge of alleged violations of postal laws by members of congress. At Temple, Tex., W.E. Chandler killed his wife and the manager of the telephone exchange where the woman was employed. Christian Kirschoffler, a boarding house keeper in Brooklyn, N. Y., shot and killed his four-year-old son, fatally wounded his wife and then committed suicide. Jealousy was the cause. A piece of iron cornice fell from the top of a building at Indianapolis, Ind., and killed Worth Wright, a real estate man. United States Senator Burton, of Kansas, was placed on trial at St. Louis, charged with unlawfully receiving money from the Rialto company. The new plan for the Northern Securities company isannounced as a stock dividend of 99 per cent. through the distribution of the Northern Pacific and Great Northern stocks held by the merger. Eugene Cary, a prominent insurance man of Chicago, dropped dead while at a banquet in St. Louis. Martial law has been declared in the Trinidad coal mining district in Colorado as a consequence of the miners' strike. . The cashier having embezzled $105,000, the Orange Growers' national bank closed its doors at Riverside, Cal. At Beloit, Wis,, damage of more than $250,000 has been done by Rock river overflowing its banks. Secretary Hitchcock announces that relentless war will be carried on against all persons guilty of land frauds. Three boys, none 10 years old, confessed to burning the Holden school in Chicago because they disliked physical culture study after classes. Seven hundred bindery girls in Chicago went on a strike and every bookbinding office in the city may be tied up. President Roosevelt, in a letter of instruction to the Panama canal commissioners, directs that the work be pushed forward as rapidly as possible and with all the economy consistent with thoroughness. Receivers for the business of D. J, Sully, the fallen cotton king, were appointed in New York.
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9017 CUMBERLAND NOTES. Election Contest Decided - Church Notes-Oil Company's Troubles. Special Correspondence of The Evening Star. CUMBERLAND Md., April 4, 1904. The court has appointed, Allen B. Spier of Cumberland co-receiver, representing the depositors, in the settlement of the affairs of the Miners and Merchants' Bank of Lonaconing. The contest of Reuben Reed, elected clerk of the county commissioners on the republican ket last fall, and who sought to oust John N. Frantz, incumbent, also a republican, has been decreed in favor of Frantz. The Augusta pottery at Mannington, W. Va., will be sold under a foreclosure of mortgage. Samuel Turner, formerly of Hancock, Md., and Scott Hartsock, formerly of Cumberland, have purchased the Hotel Randolph at Elkins, W. Va., for $21,000. Mr. George W. Snyder, who was elected by Cumberland Lodge, No. 63, B. P. O. E., representative to the Grand Lodge at Cincinnati, entertained his brother Elks at a plank shad bake at the Elks' sumptuous quarters Saturday evening. The Easter offering at Emmanuel Episcopal Church amounted to $2,510. The handsome new Episcopal church at Mount Savage was used for the first time Sunday. It seats 400 people. The church is built of enamel brick. The promoters of the Tuscarora Oil Company, whose test well in the Narrows, near Cumberland, was attached by the well drillers for wages overdue, say the trouble will be overcome and the well will not be abandoned until a complete test is made. The drilling will be resumed shortly. The hole is now over 2,300 feet deep. Slight traces of both oil and gas have been discovered.
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against organized labor and that he has always found its leaders reasonable and fair. He predicts a rapid change from steam to electricity as a means of railroad locomotion. Sully's Bankruptcy Forced. On application of creditors the court at New York appointed receivers for the firm of the ex-cotton king, Daniel J. Sully, March 22, while he was still negotiating for a settlement. He charged treachery and owned up to being beaten; said he didn't own the clothes he had on. It was thought that the total liabilities of the fallen cotton king would be slightly under $3,000,000 and that the assets would come to about $1,800,000. The Railroad Trust Quits. The plan for dissolving the Northern Securities company was made public by President Hill on March 22, the very day that the decree of the su preme court invalidating the big merger was delivered to him at New York. It was in the form of a circular letter to stockholders. reciting the court's action and insisting that the trust was formed in the belief that it was not obnoxious to any law. an opinion shared by four of the justices. The company's existence is continued until the distribution of stock is completed and bills are paid by retaining 1 per cent in the treasury. The other 99 per cent of the capital stock comprising the stocks of the constituent railroads is returned to its former holders. Each share of Northern Securities gets $45.16 in Northern Pacific and $54.27 in Great Northern. During the week the trading in the trust's stocks was active and the price upward. Notes. Another daily paper was added to the list now controlled by W. R. Hearst when Hearst's Boston American made its appearance last week. Rock Island stockholders voted the Whole$163,000,000 bond issue. sale dealers in western beef experienced a rise of half a cent a pound in the At Boston the different grades. advance in flour has resulted in the adoption of a smaller loaf of bread by the Bakers' association. The general agents of fast freight railroads of the east have opened an office at 290 Broadway, New York, to be known as the Railroad Exchange. The object is to facilitate the handling of business, as the roads concerned reach every part of the United States and Canada. The Miners and Merchants' Savings bank of Lonaconing, Del., went into the hands of a receiver. owing to the troubles of the City Trust and Banking company of Baltimore.