Daily globe., 1883-08-13
TOPPLING over.
NATIONAL BANK 1T LAWRENCE-
BURG, md, CLOSES ITS DOORS.
The Indianapolis Troubles Brfdged Over
for the Present-A Number of CONNER
ci+l Failures Reported-Liabilities Re-
ported to be Very Large.
Especial Telegram to the Globe. I

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INDIANAPOLIS, Ind, Aug. IL. = The
Depauw-English syndicate is still figuring
on the First national, whose doors are open
to-day, and the business thereof going
along as usual. Only the small depositors
have checked out, and large ones have in
creased their deposits in some cases. Mr.,
Depauw says there seems to be little use
of a syndicate. 1t has taken the $1O4,OOO
OF the stock held by the Indiana Banking
company and put it into the First national
at double, paying in the difference. What
they paid for it is, of course, not known.
But besides this Mr.. Depauw says so far
about 80 per cent. of the stockholders have
reported, holding on to their stock. and
paying in a like amount of cash. The
future of the First national seems settled.
Mr.. English is likely to be president. The
future of the Indiana Banking company is
yet unrevealed. 1t has not opened its
doors yet and has no definite statement to
make.
INDIANAPOLIS, Aug. 1.-THE First
National bank opened this morning at the
usual hour, and has paid out money on
small checks. but has not cashed any large
drafts. 1t is stated they will be able to
honor all demands by Monday. The Indi-
ana Banking company are still closed. and
the following notice was posted on the
door this morning: ''This bank will not
open to-day" A full examination into the
situation will be made to day, and the de-
termination arrived at will be announced
on Monday. 1t is generally conceded, that
with the assets of the bank, and the person
al responsibility of the individual members
of the firm, that there will be sufficient to
cover all liabilities and prevent loss to
depositors.
CINCINNATI, Aug. 1.-The City Nation
al bank of Lawrenceburg, Ind, closed to-
day, and State Commissioner Hey, of
indianapolis, is examining the books of
the bank tonight preparatory to making
statement. The Commercial Gazette
special says Dewitt @, Fitch is president
of the bank; his son Henry is vice presi-
dent and his son Walter cashier. It saws
the capital stock is 100000 and that
Cashier Walter Fitch states to-day that
the Pitches would sacrifice all their
private property, if necessary, to pay all
deposltors. Deeds of transfer of $4,000
worth of real estate were made to-day to
the City National bank of the property of
Dewitt G. and Henry Fitch. 1t also
states the embarrassment of the bank
grew out of the embarrassment of the saw
milling operations in Lawrenceburg of
henry Fitch, the vice president, who was
using the banks money in his saw mill
business. The mill was one of the largest
and most complete and best equipped on
the Ohio river, and the recent drop in the
price of lumber affected it seriously.
The NoUc I0nrro1
about the financial embarrassment of
Henry Fitch, but says milling operators
drew on the bank for money and with
other causes brought about the embarrass-
ment. 1t also says the assets will be double
the Liabilities, and that it will probably
resume on Monday. Little was known of
the affair IN Cincinnati to-day during busi-
ness hours.
ST. AIBANs, VT, Aug. 11.-So far as can
be learned Irregularities in the National
bank are reported by Hender, but have
not been followed up by the comptroller.
A director said this morning that he con-
sidered the outlook quite favorable as far
as the Trust company is concerned.
PHILADELPHIA, Aug. 1.-THE suspen-
sion of W. H. Miller & Co., stock brokers,
is announced. The firm was long of sew
eral stocks, among them New Jersey Cen
trail and Buffalo, New York & Philadelphia.
Several hundred shares for their account
were sold to-day under rule at the stock
exchange. .-
PHILADELPHIA, Aug. 11.-Later in the
day the suspension of E. P Wetzer,
stockbroker, was announced. He failed
six weeks ago, but settled his liabilities
and was reinstated in board.
ST.. LOUIS, Aug. 1.-THE dry goods
firm of Dalton Bros. made an assignment
to. day to the amount of $4,000. Liza
biiities not known.