31364c04Full suspension
Other: Receiver later appointed; cashier Loomis had invested depositor funds in WV oil and land company per Oct. article.
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Suspension of a Savings Bank. ADRIAN, Mich., August 28.-The Adrian savings bank suspended yesterday. Herman Loomis, the cashier, says the trouble was precipitated by the inability of the bank to meet a check for $1,500. The party who drew the check spread the news, and something of a run began among the small creditors. About $80,000 is due depositors, and Mr. Loomis states that the assets of the bank are entirely adequate to pay all the liabilities in full.
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Savings Bank Suspends. ADRIAN, Mich., Aug. 28.-The - Adrain savings bank suspended yesterday. Her man Loomis, the cashier says, the trouble was precipitated by the inability of the bank on Monday to meet a check for $1,500 The party who drew the check spread the news. Something of a run began among the small creditors. About $80,000 is due depositorsand Mr. Loomis states the assets of the institution are en tirely adequate to pay the liabilities in full.
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TELEGRAPHIC BREVITIES. General Duryea, for many years of the State militia, died in New York Wednesday. F. W. Galbraith, of California, has been appointed Special Examiner in the Pension Office under the Civil Service Act. The Republique Francaise subjects Bism arck's colonial policy to analysis, and declares that France has no reason to find ult with it. A meeting of the three Emperors of Germany, Russia and Austria, each attended by his principal Minister, has been definitely arranged. In addition to the three Russian ironclads ordered to reinforce the Russian fleet in China, the land forces on the Corean frontier will be reinforced. The Congressional Investigating Committee Wednesday at Augusta, Me., visited the Home for Soldiers, The Orderly Sergeant agreed that liquor was the great stamblingblock. Wolseley proposes to reach Dongola with the Gordon relief expedition by November 7th. He declares his confidence that he will be able to accomplish this progranime without difficulty. Alderman F. C. Denison, of Toronto, Major of the Governor-General's Body Guard, has accepted the command of the Canadian voyageurs to be sent to the relief of Gordon at Khartoum. The tournament of the Bicycle Club at the Driving Park at Buffalo Wednesday was a splendid success. Fifteen hundred people were present. Lavender, of Toronto, had an arm broken by a collision in a race. The Comptroller of the Currency has received a telegram from Bank Commissioner Ellis, saying that the affairs of the Second National Bank at Xenia, Ohio, are not so bad as represented, and there is reason to believe that it will meet all demands. The Adrian (Mich.) Savings Bank suspended Wednesday. A. Loomis, Cashier, says that the trouble was precipitated by the inability of the bank on Monday to meet a check for $1,500. A run began among the smäller creditors. There is about $80,000 due depositors. Judge Knickerbocker, of the Probate Court of Chicago, yesterday, upon the testimony of two expert physicians, submitted the question to the jury, which found Wilbur F. Storey, of the Chicago Times, incapacitated for business. An appointment of a conservator of the estate is now being considered by the Court. The British Government is expediting the departure of increasing reinforcements of the Egyptian staff. At Woolwich they have been and additional hands to idly. engaged Orders to increased, put have transports been sent in readiness Plymouth rapto hasten the fitting out of the transport Peonah. It has been decided to increase the expedition for the relief of Gordon to 7,000 men.
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UPS AND DOWNS OF BUSINESS. Warrants Issued for the Ladner Brothers, but Neither to be Found. PHILADELPHIA, Aug. 28.-Several more warrants were issued to-day for the arrest of Ladner Brothers, the suspended bankers, charging them with the embezzlement of funds entrusted to them. The Ladners could not be found, Louis, who was in town yesterday, having gone to Atlantic, City. AN ADRIAN BANK SUSPENDS. ADRIAN, MICH., Aug. 28.-The Adrian Savings Bank suspended yesterday. Herman Loomis, the cashier, says that the trouble was precipitated by the inability of the bank on Monday to meet a check for $15,000. The party who drew the check spread the news, and something of a run began among the small creditors. About $80,000 IS due depositors, and Mr. Loomis says that the assets of the bank are entirely adequate to pay all the liabilities in full. NO RECEIVER NEEDED AT XENIA. WASHINGTON, Aug. 28.-The acting Comptroller of the Currency this morning received a telegram from bank examiner Ellis, saying that the affairs of the Second National Bank of Xenia, Ohio, are not so bad as has been represented, and that there is reason to believe that it will be able to meet all demands upon it. In view of this report the acting Comptroller says that there does not appear to be any necessity for the appointment of a receiver. ROBERTS' PECULATIONS. WILKESBARRE, PA., Aug. 28.-Later developements to-day make it certain that the amount stolen by Roberts, clerk for Parish & Co., was $100,000. In addition to speculations it has been learned that Roberts has hypothecated bonds and securities at Easton. This evening a deed of assignment of the Roberts property to Charles Parish & Co. was filed in the Recorder's office. The consideration was $1 with his interest in the Red Ash Coal Company. The property assigned by Roberts is worth $80,000. A DEFAULTER'S BOND. CONCORD, N. H., Aug. 28.-In the case of the Ashuelot Savings Bank vs. Ellery Albee et al., the court held that the sureties of the defendant, who was a defaulter, could not escape liability on their bond even though at the time of their signing Albee was already such a defaulter, the fact having been unknown to the directors of the bank. AN OFFER OF 50 PER CENT. BOSTON, MASS., Aug. 28.-Henry Sears at 92 State who last & Co., month No. for street, failed a large amount, today made a definite offer of 50 cents on the dollar, which will probably be accepted.
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mitted the question to a jury, which found that Wilber F. Storey, of the Chicago Times, is incapacitated for business. The appointment of a conservator of the 68tate is now being considered by the Court. Torpedo Exercises. PROVIDENCE, Aug. 28.-Postmaster General Gresham arrived at Newport this morning. The exercises at the torpedo stations begun at 11 A. M., when the President was received by Capt. Selfridge and given a salute of 60 torpedoes. The hull of the Joseph Henry was blown into atoms by contact with 8 torpedo electrically controlled. The Triana afterward went out and fired gun cotton torpedoes. Want Proof. NEW YORK, Aug. 28. -Coroners Levy and Robinson had another consultation today with Col. Perry, regarding the exhumation of private Henry's body. It was decided that the coroners shall ask Miss Dora Buck to send proof that she is Henry's sister. If she furnishes the necessary proof, said Coroner Levy, we will at once proceed with the examination. Another Run on A Bank. ADRIAN, Mich., Aug. 28.-The Adrian Savings Bank suspended yesterday. Herman Loomis, the cashier, says the trouble was precipitated by the inability of the bank on Monday to meet a check for $1,500. The run began among the small creditors. About $80,000 are due to depositors. Loomis states that the assets of the institution are entirely adequate to pay all liabilities in full. Not Necessary for a Receiver. WASHINGTON, Aug. 28.-The Comptroller of Currency received a telegram from Bank Examiner Ellis, saying the affairs of the Second National Bank of Xenia were not 80 bad as represented, and there is reason to believe will meet all demands. The Comptroller says it does not appear necessary for a receiver. The Home for Soldiers. AUGUSTA, Me., Aug. 28.-A Congress investigating committee visited the Home for Soldiers. The Orderly Sergeants agreed that liquor was the great stumbling block. Execution of Joe Bogard. LONOKE, Ark., Aug. 28.-Joe Bogard, colored. aged 18, was hung in the presence of 3,000 people, for raping Miss Rhen, aged 11, in January last. Hanged by Citizens. NEW ORLEANS, Aug. 28.-A Times-Democrat Jeannerette special says & negro was hanged to-day by the citizens for grossly assaulting & married lady. A Destructive Fire. WATERTOWN, Aug. 28.-The business portion of the village of Adams was burned this morning. Loss, $200,000. Shoe Factory Burned. NEWARK, N.J., Aug. 28.-The Bannister shoe factory was burned this morning. Loss, $100,000.
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THIS MORNING'S NEWS. In New York yesterday Government bonds 1 were quoted at 1201/4 for 4s of 1907; 113½ for 41/25; sterling, $4 84@4 100% for 3s; silver bars, 110½. Silver in Lendon, 50 11-15d ; consols, 100 9-16d ; 5 per cent. United States bonds, extended, 105; 4s, 124; 41/28, 115. In San Francisco Mexican dollars are quoted at 89½@90 cents. At the morning session of the Stock Board in San Francisco yesterday the general market had a steady and favorable appearance, although some of the middle Comstocks did not fully hold up to Wednesday night's closing rates. Chollar opened at $2 80 and closed at S2 60. On the regular call-Hale & Norcross rose to $3 20, Savage to $1 35 and Chollar to $2 70. Fire at Adams, N. Y.; loss, $200,000. A wonderful surgical feat has just been performed by a New York practitioner. Jeff. Davis is credited with another wail about "the ingratitude of republics." The Adrian (Mich.) Savings Bank has suspended. The affairs of the suspended Second National I Bank at Xenia, O., are said to be not SO bad as at first represented. Alderman F. C. Denison, of Toronto, will command the Canadian voyageurs, to be sent to the relief of General Gordon. Fire at Newark, N. J.; loss, $100,000. The French have destroyed all the defenses along the Min river in China, and yesterday began the bombardment of Shanghai. In their efforts to lower the trotting record yesterday, Jay-Eye-See and Phallas were unsuccessful. The office of County School Superintendent of Kern county has been declared vacant. The Emperors of Germany, Russia and Austria have arranged a meeting. The Indians in British Columbia are murdering the Chinamen, and threaten to drive them from the country. Professor A. G. Brownell delivered the annual address at the Petaluma fair yesterday. Blaine's illness was only caused by a severe cold, from which he has quite recovered. The National Prohibition camp-meeting opened Wednesday at Round Lake, N.Y. The Junipero Serra centennial was celebrated at the Carmel Mission, near Monterey, yesterday, the ceremonies being of an imposing order and an immense concourse of people being present. A circus attache was fatally injured at Lehi, Utah, Tuesday night, by the falling of the center pole of the tent. A tramp was killed at Reno, Nev., yesterday, while attempting to board a break beam. The Iowa Greenback State Convention met yesterday at Des Moines. F. W. Galbraith, of California, has been appointed special examiner of the Pension Office. An incendiary fire at Ainsworth, W.T., yesterday, caused a loss of $60,000. Oscar F. Becker has been arrested at Portland, Or., on a charge of arson. The Treasurer of Washington county, Oregon, has disappeared with $22,000 of the public funds. The steamer Rose Standish was sunk in Bos ton harbor last night. The deaths from cholera in the southern de partments of France yesterday numbered 31. Serious disorder occurred Wednesday at Lima, Peru, there being a storm of bullets for over six hours.
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A SAVINGS BANK SUSPENDS. ADRIAN, Mich., Aug. 28.-The Adrian Savings Bank suspended yesterday. Herman Loomis, the cashier, says the trouble was precipitated by the inabillty of the Bank on Monday te meet a check for $71,500. About $80,000 is due to depositors. Mr. Loomis states that the assets of the institution are adequate to pay liabilities in full.
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BUSINESS DIFFICULTIES. Suspension of the Adrian Savings BankThe Failure Not a Bad One. ADRIAN, Mich., Aug. 28.-The Adrian Savings Bank suspended yesterday. Herman Loomis, the cashier, says the trouble was precipitated by the inability of the bank, on Monday, to meet a check for $1,500. The party who drew the check spread the news and something of a run began among small creditors. About $80,000 is due depositors, and Mr. Loomis states that the assets of the institution are entirely adequate to pay all liabilities in full.
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Buspension of a Weak Bank. ADEIAN, Mich., Aug. 28.-The Adrian Savings Bank suspended yesterday. Herman Loomis, the cashier, says the trouble was precipitated by the inabil ity of the bank on Monday to meet a sheck for $1500. A run then began among the small creditors. About $8000 is due depositors. Loomis states that the assets of the institution are entirely adequate to pay all liabilities in full. Planters' and Mechanics' Bank Inves-
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GENERAL. THE Adrian (Mich.) Savings Bank succumbed to a run on the 28th. About $80,000 is due depositors. The assets are said to be sufficient to meet all demands. TEN Jersey cows were killed at Elmshurst, Ill., on the 28th, by Dr. Paaren, state veterinarian. Thei ir carcasses showed more or less decided traces of pleuro-pneumonia. THE jury in the case of Wilbur F. Storey, proprietor of the Chicago Times, has declared Storey a distracted
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Financially Embarrassed. The failures in the United States for the week ending on the 29th, are reported at 180. The Adrian (Mich.) Savings Bank succumbed to a run on the 28th. About $80,000 is due depositors. The assets are said to be sufficient to meet all demands. The Second National Bank, at Xenia, O., closed its doors on the 27th. W. B. Penick, druggist, St Joseph, Mo., failed on the 25th. Liabilities $75,000; assets about the same.
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Miscellaneous News Notes. General Manager Clark retires from the Union Pacific, and is succeeded by Mr. Calloway. The grand lodge of Iowa Good Templars resolved not to ally itself with any political organization. The house of C. M. Harrison on East Fourth street, Huron Dak., was entered by thieves, who abstracted $250 in cash and a watch and chain valued at $50. The Adrian (Mich.) Savings bank suspended Wednesday. H. Loomis the cashier, says the trouble was the inability of the bank on Monday to meet a check for $1,500. The sale of A. F. Hayward's 400-acre farm, just outside the city limits, Yankton, for $25,000 cash has been fully consummated. The purchasers are J. B. Swinhoe of Swinden, England, and T. McClune of Canada. The Central Wyoming association has shipped $10,000 worth of machinery from Pennsylvania to the oil fields north of Laramie. There will be a gang of men with derricks and machinery in that country within two weeks drilling oil wells. Several gangs are at work there now sinking shafts. The Second National bank of Xenia, Ohio, closed its doors. There was a run on the bank Wednesday, but payments were made so promptly that confidence WM restored, and
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A. L. PATTERSON, business manager of the Chicago Times, has been appointed conservator of the estate of Wilbur F. Storey, the demented proprietor of that paper. THE Adrian (Mich.) Savings Bank succumbed to a run on the 28th. About $80,000 is due depositors. The assets are said to be sufficient to meet all demands, TEN Jersey cows were killed at Elmshurst, III., on the 28th, by Dr. Paaren, state veterinarian. Their carcasses showed more or less decided traces of pleuro-pneumonia. THE jury in the case of Wilbur F. Storey, proprietor of the Chicago Times, has declared Storey a distracted person unable to take care of his estate, for which a conservator will now be appointed. THE first bale of the new cotton crop was received at Memphis on the 27th, and brought twenty cents a pound at auction. THE inter-state military reunion opened at Cold Spring Driving Park, Milwaukee, on the 25th. THE fourth annual reunion of the famous Iron Brigade began at Lancaster, Wis, on the 27th. THE morning of the 25th witnessed the closing exercises of the Chautauqua Assembly. W. R. PENICK, druggist, St. Joseph, Mo., failed on the 25th. Liabilities $75,000; assets about the same.
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A Mason lady, 50 years old, has P chased a pair of roller skates and practising daily in a vacant house, g ting in trim for the winter season roller skating. James Haslem of Paris, Meco county, lost his right hand and part his left by the premature discharge o gun. He was leaning upon the weap with his hands over the muzzle. Deer are very fat this fall, and 1 market hunters are slaughtering th in great numbers. At the present r it will not be long before a deer v be as rare a beast in Michigan as is Megatherium. The officers elected at the Michig Beekeepers' Convention at Greenv for the ensuing year are: President J. Youngman, of Lakeview, Montes county; Secretary, F. A. Palmer, of 1 Bride's, Montealm county. Receipts at the State University this semester: Medical departme $11,275; law, $8,605; analytical 8 applied chemistry, $2,065; dental, $ 711; literary, $12,660; pharmacy, $ 1,345; total, $ 135; homeopathic, 396. Edward Lane was shooting at du with a rifle near Cheboggan. A st bullet passed over a field where Geo Stewart, 14 years old. was digg potatoes with his father, striking you Stewart in the neck and killing him stantly. A fatal disease has broken out amo the sheep in the vicinity of, Sherwo destroying whole flocks. The farm are at a loss how to tight it and want know if the state cannot assist them sending doctors to investigate and S gest means of checking it. The residence of A. E. Turner Cobbtown. Wexford county, was burr theother night. Thefamily barely esc ed. They were awakened just in ti to save themselves by the barking o dog. The dog was burned with the hou Loss about $1,500; insured for $600. E. F. Crandall, a native of One county, N. Y., a pioneer of Clin county, and a resident in St. Johns twenty-three years, a pensioner of war of 1812, and a veteran of the M can war, died on the 10th inst., at home in St. Johns in the 98th year his age. Frank R. Payne, Esq., the receive he shattered Adrian savings bank, gone to West Virginia to look after interests of the depositors of the e cern, whose money had been princip lv invested in securities of the W Virginia oil and land company by Loomis. A doctor named John Terrell been convicted at Port Austin of pi ticing without registering with. county clerk as required by law. defense is that he registered in Tusc county, an 1 that gives him a right practice anywhere in the state. The n ter is to be. tested in the courts. Parties who have been boring for at Algonac struck a deposit at a de of 1,520 feet. Large offers Lave ready been made for the well. A e pany will be organized at once and process of manufacture commend There is great enthusiasm in the pls and property is already advancing. Wm. Wade of Jefferson, Cass cour captured a half-grown eagle near E lake, recently. The eagle had cau a pig, and while devouring it Mr. W got a shot at it, one shot taking bird on the head, stunning but not juring it. It measures over six from tip to tip of wings.-Kalama Telegraph. Dr. Van Riper of Shaftsburg, an i erant physician, has been arrested released on $500 bail, charged with taining possession of the body of 1 Thos. Tupper Tompkins, either mesmerism or some other occult mas The woman, thinking she was to revealed it to her husband. The ( tor claims it is a blackmailing sche The coroner's jury in the case Minnie Leach, the victim of the terr accident at the Lansing fair gron give as their verdict that the deces came to her death by being caught the line shaft as stated in the evide before them, and allege negligence the part of the managers of the soc ] in not having said shaft properly tected. The Indians at Sault Ste. Marie e plain at having to vacate the ground the north side of the canal, where fish commission proposes to loc They also claim that they know n ing of the sale of more than the ri of way of 400 feet through the reserva for the old canal. They further cl that there is vet due them in annui