The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-08-02
\. CANADA.
Condition Of the Broken Consolidated Bank
Of Montreal "A Statement From
the Manager.

MONTREAL, Aug This forenoon a cor
| respondent Of the National Associated Press
interviewed Mr.. Campbell, manager of the
Consolidated Bank, In reference to the sus-
pension of the bank. He stated that they were
taking their own bills for debts due the bank
| and there were outstanding liabilities as fol-
lows: Deposits, 81 100000 of which about
| 500, 900 is due to the general public, while the
| circulation has been reduced to $65O,n00. The
| reduction In liabilities from June to July %
| amounted to 81 ,492.78l In deposits and 100000
lii circulation. The rate to be paid for bills
| has not been fixed. Brokers speak Of seventy
correspondent of the National Associated
Press not to accept less than ninety cents.
Mr.. Campbell was reticent In speaking OF the
possibility Of early redemption. Nineagencies
Of the bank have been recently wound up
The other banks are taking deposits, and no
loss or inconvenience will accrue to depositors
In these places All branches except St. Hy
acinth, Belle Vile and Toronto will be wound
up this week. The charge was made by a de-
positor this morning Ahat deposits We're taken
by the bank after 1t was known 1t would sus-
pend.
LIABILITIES OF THE SUSPENDED BANK.
The failure Of tho Consolidated Bank Ii the
all-absorbiDg topic here this morning. a few
of the bank bills were sold by holders at sew
enty- five cents. number OF orders came
to-day from the West to purchase bills at
ninety cents, and the fact that ii and AZ has
been offered for stock Is considered as evil
dence Of belief that the claims OF billholders
and depositors will very shortly be met.
At the close OF the regular board Of the
Stock Exchange this evening IA was offered
for round amount OF Consolidated stock
without inducing sales. The stock OF the sus-
pended bank Is spread from one end Of the
Dominion to the other, and is also held in
England, Ireland, Scotland France, New
foundland, and even few shares in lDdia.
The total number Of shareholders, according
to the lYt published IN May last was about
One hundred ard six persons hold 1924
shares, representing $2924 400 rs trustees, or
in trust for orders as minors, charitable and
other societies, etc; 1742 shares were held by
Seventy-five executors Of estates; 276 share
holders are women. great majority of whom
are widows or unmarried; fOrty-one clergy
men hold shares to the amount Of S53 700. The
Church Of Scotland Is down for $500; the
temporaiities board Tor Sl70o; James Croll,
treasurer of the widows fund, $4,000, and the
Presbyterian Church $29,60O.
The widespread distress which will ensue
is not easy to calculate.
1t is the opinion Of the present management
Of the bank, however, that the distress Will
be much less than IL the bank had suddenly
suspended two months ago. as many Of the
agencies have been disposed OF and the LA
biities thus materially lessened.
The following statement will be furnished,
showing the deposits: June >, 1879, S3,234,-
766 So deposits July 20, 1879, S149,278 %; cir
culdtlou diDuU GlIJ,puV, dSSItSauO
reduction of liabilities, 81, ,s6i, ,984 69
"A statement will shortly b. prepared By the
directors showing the actual condition OF the
bank.
ANOTHER BALLOON EXCURSION.
Dispatches from the aerOnautS, Prof. Grim
by and others, at Yanamska, show that they
had a pleasant trip to st. Ami, forty y-seven
miles from here. They will return to the
city In the course of the day. They state that
the steering apparatus, which could not be
got to work for the firstOf the trip, afterWard
had perceptible effect on the course OF the
balloon.
GREAT FIRE IN HAMILTON.
HAMILTON, Ont, Aug. IA great fire Is
now raging in the business centre of this city.
The buildings occupied BY Mclnnis ~ 90,
Turner " Livingston, the Bank OF Hamilton,
the Provident and Loan Company, and the
entire block is completely destroyed. The fire
crossed John street from McInnis q Co to
Sanford, Savile x Bickley's, the Merchants
Bank and Dixon Bros, completely destroying
these buildings. Morgan. Bros. have been
Hall is now on fire. A negro church, on Re,
becca street, has also been burned. The wind
i blowing strong In southeast direction and
the fire is still raging.
Mdnight.-The fire Is completely subdued.
The loss is estimated at 81, 100000. Insurance
companies lose heavily.
DEATH OF THE CATHOLIC BISHOP OF KING
QUEBEC, Aug, Right Rav. O'Brien, Ro-
man Catholic Bishop of Kingston, who was
stopping at the St Louis Hotel in this city,
and was to have left for Saguenay this morn
ing, was found dead in his bed by waiter
who went to his room to call him. Coroner
Bell held an inquest and a verdict of death
by apoplexy was rendered. The remains Of
the deceased prelate will be embalmed and
sent to Kingston. zm 5@.. @
another Denial from Center Point.
CENTER POINT, Iowa, Aug 1.-The report Of
the Western Associated Press. that cholera
is raging at this place, is as false as false
can be. We never had cholera In this part OF