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Receivers for a Bank. Cumberland, Md., March 21.-Receivers were today 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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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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MARYLAND BANK FAILS. Lonaconing Institution Carried Down by City Trust of Baltimore. Cumberland, Md., March 21.-Receivers were appointed to-day for the Miners and Merchants' Savings Bank, of Lonaconing, which has $300,000 on deposit. The failure was consequent on that of the City Trust and Banking Company, of Baltimore, which organized the Lonaconing institution.
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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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FOLLOWS PARENT BANK. Lonaconing, Md., Institution Goes Into Receivers' Hands. Cumberland, Md., March 21. - Receivers were today appointed for the Miners and Merchants Savings bank of Lonaconing, which has $300,000 on deposit. Its failure is consequent upon that of the City Trust and Banking Co., of Baltimore, which organized the Lonaconing institutian.
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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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Appointment of Receivers. Cumberland, Md., March 21.-Receivers were today appointed for the Miners and Merchants Savings Bank of Lonaconing, which had $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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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.
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Maryland Bank Fails. Receivers have been appointed for the Miners' and Merchants' Savings Bank of Lonaconing, Md.