The Kenosha telegraph. [volume] (Kenosha, Wis.) 1860-1888, 1877-08-02
ST. LOUIS LETTER.
international Press Bureaus Letter.
ST. LOUIS, June 23d, 1877.

Inc announcement ON w oQnoSQtty
morning that the National Bank Of
the State Of Missouri had suspended
business and closed it's doors, being an
event Of such an unusual character
for this neighborhood, created pro-
found surprise in commercial and
financial circles. The institution was
one of the Oldest of the kind in the
State, and has been considered one Of
the soundest. It dates from ante
bezzstno days, having been organized in
1887 as 8 State bank, with a capital Of
$5,OO0,00O It was, for many years,
considered the leading financial insti-
tuition west Of the Allegheny Noun
tains. At the time Of the California
gold excitement in 40 and subsequent
ly, it's notes were held in high esteem,
and readily exchanged fornuggets and
dust. The bank has, for very many
years, been the official depository for
public funds of various classifcations,
none of which will suffer to any CON
siderable extent. The st. Louis
County School Board has kept the
funds under its control il this bank,
and less than two weeks ago the secre-
tary Of the Board withdrew $131 900
from the bank, leaving @ balance Of
some $4,000. The county has some
thing like $4,000 IN tile bank. It is
not thought that deposit0rs viii lose
any thing. The bank examiner made
emphatic assurances Of this nature to
q reporter. The stockholders may find
themselves a trife out It. is probable
that the failure Of no other house in
the city would cause more universal
regret or receive more sympathy in
misfortune than the National Bank Of
the State Of Missouri, The institution,
for nearly forty years, has been close
~ identified with the public interests,
having advanced large sums to the ST..
Louis and Illinois Bridge Company
which. at q cost OF ten millions, has
erected the finest structure in eXis-
tence Of the kind; to the protector and
contractors Of the jetties at the mouth
Of the mississippi; to the Merchants
Exchange Company OF St. Louis: to
the city corporation; to the State, and
to numerous enterprises Of more
private nature. 4 receiver will, at
once, be appointed under the National
Bank Act.
BELATED JUSTICE.
Attention is directed by one of the
daily papers to the existence Of an evil
in our judicial system-one. it may be
added, Of which few sections of the
country are entirely free. Allusion is
made to the delay in the adjudication
of disputes before the established
tribunals of the law. Our State SUI
preme Court is now more than eight
hundred cases behind, and at each sue
cessiVe sitting the number is increased
rather than diminished. In the absence
Of auxiliary commissions, which have
been successfully tried in some States,
the Judges, from sheer lack Of time in
which to examine the records, are
driven to a great extent to rely upon
the statements Of counsel as to their
contents. That very serious injury
may, through this cause, result to liti-
giants, is obvious. A remarkable in
stance is quoted to show the working
Of the system, in which the Supreme
Court came neal involving a promin-
ent citizen in utter ruin, this consuma-
ton being only forestalled by discover
les made in the conduct Of certain
preliminaries by the referee. The
court had strongly committed itself to
the cause of the plaintiff, and had in
timated that his claim (for $600,000)
would probably be allowed in full,
and had severely criticised the acts of
the defendant in his relations with the
plaintiff. The referee found that the
plaintiff was entitled to only $4,000
If anything.
TRAMPS.
All over the wide prairies Of Mis-
souri, and Illinois and through the val
ley Of the Mississippi, sWarms an army
Of tramps. Tramping has come at
last indeed to take It's place among the
habitual pursuits of men, and has