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# CRIPPLED BANKS AND FIRMS.
MORE SUSPENSIONS REPORTED IN THE
SOUTH AND WEST.
# ANOTHER KANSAS CITY BANK CLOSES ITS DOORS
-DETAILS OF FAILURES.
Kansas City, July 15. The Northrup Bank of Kan-
sas City, Kan., of which J. S. Chick, of the National
Bank of Kansas City, which failed yesterday, was also
president, closed its doors this morning. The North-
rup Company voluntarily placed itself in the charge of
State Bank Commissioner Breidenthal. The fact that
President Chick, of the National Bank of Kansas City,
is also president of the Northrap, naturally caused a
run on the latter bank this morning, and while the
condition of the bank seems to be exceptionally good,
Its officers did not care to jeopardize their assets by
meeting the run and at 10 o'clock closed the bank's
doors. The bank has a pald up capital of $100,000
with a surplus of $50,000. Its assets are $475,000
and its liabilities $315,000. It is believed that the
depositors will ultimately be paid in full.
The Northrup Bank is not the only one in the city
suffering from the feeling of uneasiness resulting from
the failure of the National Bank of Kansas City. In
fact when banking hours opened this morning there
were crowds of greater or less proportions around all
the National banks.
There was a quiet run on the National Bank of Com-
merce as soon as that concern opened for business this
morning. In a statement made yesterday the condi-
tion of the bank was shown to be good and the officials
assert that they will be able to stand a long run,
which, however, they think will not occurr. The
statement shows cash on hand of $1,141,655, with de-
posits of $2,977,327, showing more than the 25 per
cent reserve required by law. The capital is $2,000,-
000.
The directors of the bank yesterday signed an agree-
ment pledging their entire estates for the security of
depositors. There was not a member of the board
who hesitated to sign the paper. The directors repre-
sent a combined wealth of $2,000,000.
Peoria, Ill., July 15. The private banking house of
William Oberhouser closed its doors at 1 o'clock this
afternoon. It was one of the oldest institutions in
this city, and was regarded as an unusually sub-
stantial institution. No statement of assets and
liabilities is yet obtainable.
Starkville, Miss., July 15. The First National Bank
closed its doors yesterday morning, as a result of the
financial stringency. The assets and liabilities are
not known, but it is believed the depositors will ulti-
mately be paid in full. The bank has a paid-up
capital of $50,000.
Gallatin, Mo., July 15. The Citizens' Bank of
Jamesport made an assignment Thursday night for the
benefit of creditors. Its liabilities are about $45,000.
The assignment is due to the present stress in money
markets.
Cairo, Ill., July 15. The private bank of Hay &
Webb, of this place, has made an assignment. The
assets are about $215,000 and liabilities about $180,-
600. At a meeting of the creditors of the insolvent
bank, held last evening, a series of resolutions were
adopted placing the affairs of the bank in the hands
of J. R. Webb, of the firm, and a committee of three
creditors Leonard Fyle, James J. McClintock and
George W. Clark to wind up the business. The gen-
eral opinion is that the creditors will be paid in full.
Cincinnati, July 15. Two receivers were ap-
pointed for the John Kauffmann brewery this morn-
ing. The application was made by Mrs. Mary Kanff-
mann, widow of John Kauffmann, to Judge Wilson.
She owned $16,000 of the stock. Notes amounting to
$800,000 will fall due in August. The company could
not raise money to meet them. They say that the
assets amount to $600,000 and liabilities to $150,-
000. Attorney Frank Sheffer and Brewery Manager
Emile Schmitt were appointed receivers.
St. Louis, July 15. Sheriff Stead has just taken
possession of the office and books of Milo T. Bogard,
one of the largest real estate men in the city. He is sec-
retary of the Western Union Building and Loan associa-
tions, Nos. 1, 2, 3, 4, 5, and 6, each capitalized at
$2,000,000 Yesterday Bogard gave warranty deeds of all
his property to John H. Vette, a money lender. The
stockholders of the six associations learned of the
transaction, and this morning, alarmed for their own
interests, swarmed to Bogard's office and took pos-
session of his books. An examination was at once
commenced, but it will take a long time to unravel
them in their complicated condition. In the mean
time Bogard could not be found, and therefore no
explanation of his side of the situation could be ob-
tained. Bogard is under a bond of $15,000 to the
Building and Loan associations to secure them.
Valparaiso, Ind., July 15. The Dulaney Clock
Works made an assignment yesterday, and Eli Norris
was appointed receiver. It is thought that the lia-
bilities will amount to $30,000, and the assets, $25,000.
Chicago, July 15. The Bon Ton Foundry Com-
pany assigned to-day. Assets, $175,000; liabilities,
$200,000.
Chicago, July 15 (Special). About twenty creditors
of the Grant Locomotive Works held a meeting to-
day to determine whether the property should be so.
immediately to settle claims, or the works held to
secure payment of $64,000 of stock not yet paid up.
The session lasted only fifteen minutes. James K.
Cullen, of the Miles Tool Works, was made chairman.
Assignee Ackerman was present, and stated that he
was "out" $10,000, which amount he had paid for
wages to employes of the works without security or
a court order. He asked permission to sell sufficient
stock to make up his deficit. No action was taken
on the matter. The meeting adjourned after appoint-
ing a committee to confer with the assignee. When
the committee has completed its investigation it will
call another meeting of the creditors and make a
report.
Chicago, July 15. George W. Ludlow & Co.. whole-
sale shoe dealers, made an assignment this afternoon
to Frank S. Oliver. The company has a large store
in Market st., and owns a factory at Elgin, Ill. No
schedule of assets or liabilities accompanied the deed.
A voluntary assignment was made in the County
Court by Jones Brothers, wholesale grocers, No.
1,251 Wabash-ave., to Randall W. Burns, assignee;
assets, $30,000; liabilities, $40,000.
