The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1877-07-18
5T.lle 81! I,,,ufs IN nlIank. rroa1Iib ,i,

~, &c LOUIS July lG.--JOHIElEYI0 eAptcth-
| ton the furry of Saturday regarding the
condition OF the banks did not subside yes
terday, but continued to-day, and was ma.
terially strengthened towards noon by the
/ closing OF the North St. Louis Savings As
urday. However, the persons engaged in.
| the run were almost wholly confined, to
small depositors OF sayings institutions and
| small shop keepers, no merchants or busi-
4 ness-men OF any pretensions taking part in
Fit. The closing Of the North st, Louis Savings
Bank Is attributed to shortage OF S10, 900 at
1.-THE Clearinghouse this, morning. The
/ Bank OF st. Louis did its, clearing through
/ fbe North st. Louis Savings. Wien the
4 latter closed it bad S27, 900. worth Of paper
belonging TO the Bank OF St. Louis. This
/ forced the latter to suspend. The action OF
1.-The North ST.. Louis Savings Bank has given
rise to consid erable severe comments The
banks rim on most to-day were; the Fourth
| National, Proyfdent Savings, franklin Ave
nue., German Savings, and Boat Of say 4,
ings. All current accounts were promptly
met, however, and there was at no time any
noticeable excitement. Other savings IN.
situations were more OF less besleged, Dut
| they al asserted their ability to. meet ali
Just demands. There is strong disposl'-
! ton: manifested on the part OF small de-
] positors In most OF the, banks; especially In
savings institutions, to. obtain their moneys.
|but substantial merchants and businessmen
Of the city generally do not .apprehend any
serious disaster to- follow, the present state
THE. RESULTS OF YESTERDAY - STATEMENT
:, FROM SEVERAL BANKS. .i}.i,{ s.;
ST. LOUIS, July 17.-This morning bust
ness at the banks. opened with bright pros.
poets, and at II O'Clock nothing OF special
note had transpired. Very few people,
not more than half q dozen at one time
/ have been at the Fourth National, and the
president Of the Savings Bank presenting
checks, which have been promptly paid,
! the run seems to have stopped, and 1t Is
! hoped no further excitement, or trouble
will occur. The officers. OF the North ST.
Louis Savings Bank assert that the assets
of the bank exceed its Liabilities fully $780,.
600. They can be easily realized. The de.
posts amount to 100000. The bank will
90 into liquidation. 1t is said that Espry,
Ridilhack & Co., OF Cincinnati, had q con-
siderable sum in the bank when it. closed,
as stated yesterday. Mr.. Morrill,, president
of the Bank OF St.. Louis, says the bank
will pay the depositors, every dollar. Cur
rent deposits amount to about $50, 1000 slime
deposits S33. 5000, with assets more than SUI
/. ticient to pay all. The bank had a large
amount in New York Exchange, which it
could not dispose OF, but it could have
pulled through had not the North St. Louis
Savings Bank closed up 200 OF its clear
ing. ',t.2.,i ,,i,,a,,. :.
|:2ji',.. h5 ANOTHER BANK CLOSED. 49,, -,
/ ST. LOUIS. July ,17.----WelI authenticated
reports from the extreme northern part OF
lkl,n hat no
closed its doors. The run on the downtown
banks may be regarded as stopped. The
tthirty"days rule was enforced.
E"at3 - ha >-eT------ .'.' 0@.t SIR
!iga, 80 New York. ,t@h1 =
A FOCR-MILLION SUIT AGAINST! THE UNIVERSAL
/ ;LlFE-INsURANCE COMPANY. II s. ! Z;
NEW York, July 17.-A. suit for 81 ,600,-
/ 600 has been begun against the Universal
] Life-Insurance Company. This hes given
rise to the representation that thereare to be
additional and more startling developments
relative to the management Of the Univeral,
/ and especially concerning the manner in
which the Universal absorbed the Guardian
Mutual The suit is to recover from the Uni
yersal the assets of the GuaI dian, Mutual,
i estimated 1T is understood, at $4,000, 900,
and charges of the most serious character are
made against persons responsible for the
absorption of the Guardian Mutually the
Universal. Il .t.-,a s.!...a %-..at,--, y.
VALUE oFTHE UNIvERsAL's REAL ESTATE.
i SCHENECTADY, n. T., July; 17.-To-day,
!. on the report OF OBSERVATION-DISCLOSURES
lance-D Department Smith, Judge Landon apt,
pointed Isaac V. French OF New York.
referee. to inquire into the ftxalue of the
real estate of the Universal Life-Insurance
Company All premiums are hereafter
payable to the United States Trust Com
pany OF New York pending the question o.
the company's solvency-all premiums paio
to the Trust Company TO be returned to the
4 policy-holdersi il the Universal Company is
declared insolvent. 49, 80 -, z
Il !, -r.t los g,--- VS., - - I.
= l...I az #5ti, The Turf. 81 ,.a. y