Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1884-05-08
MARINE BANK CLOS ED.
Causing Stir In the New YOrl
Markets.

Markets.
New YoRK, May Tue suspension Of
the Marine National Bank, Wall and
Water streets WAS announced this morn
lug. j. d Fish liz president the bank
About year ago the bank purchased
Booths Theatre. tn. clearing house is
now in session to consider the question of
suspension. 1t ID thought the failure ia
bad one.
sPBcuLArIoNs DBNoRALIzRD.
New YORK, May 6 The suspension Of
the Marine Bank has weakened and de-
rorslized the specnlstions. Large blocks
OF Long stock have been thrown on the
market, and 1t ia thought several firms
wiz 60 under Prices have broken 1a3a
per 'ent, with Missouri Pacific, Union
Pacific, Northern Pacific preferred and
Erie as the weakest shares.
WHAT THg "PosT" SAYS.
NV YORK, NAV 6-rhs Evening Post
says in regard TO the failure VI The
National Bank Failure was not unex
pscted. On Friday last 1t is said Mr..
Fish transferred the building next
to the bank rs Wall street, to the bank
for sSl, 200. This became generally
known and the effect Of the failure
WAS virtually discounted. In the clear
lug house this morning the bank was
dobtor to the extent of $500, 900,
and Manager Camp refused to allow the
clearing to proceed until security for
that amount had been provided.
Thus the clearing was delayed, and
although it was fpslly accomplished, Sc.
curity hsving besu given for $50 600, the
Maine bank officials decided to suspend
DETAILS OF THE CLOSING.
NBw York, Nay q Details of the
Asrus Bank closing are a. follows: At
$ few minutes after 10 O'Clock a gent4-
mat made q deposit a. the Marine Ma
: opsl Bank, No rs Wall street, and a.
he went out he was followed to the
door by this bank porter who began
rolling down the shutters before the IN
happy depositor had got tn the bottom
step. The deposition ran back
to find that the receiving teller
had shut his window, and had
gone ont OF business for an indefinite
period. The paying teller was still more
conspicuous by his absence and the de-
position had the consolation Of standing
on the steps 81 the bank for the
next honr and telling bis experi-
ence IN crowd of excited depositors
who gathered at tbu corner OF Water &
Pearl la a very short time after the
closing of the bank, two policemen were
sent for who stood susrd on the
steps of the bank building. To q
few of the largest depositsrs the
iron doors were opened about an inch and
E few words Of indefinite encouragement,
were spoken by those within. A full
s'st"msnt of the bsuk's condition aas
promised the deposi.ors e, 8 O'Clock.
TROUBLE WITH COLLATERAL.
New York, May 8 D rector GATES oil
| tl- Mari l!a,k ray iher. hgs
h5eu 10 deia'oa lon or discrepancy in tue
mat AZ m.ut of the bank. The principal
IL IA thst the bank caunot realize on
some OF Tia collateral.
| AN OLD FIRM AFFECTED.
NRs YORK., MAY 6-Watl .tf.st, IL 30.
--Messrs Grant & Ward, an old banking
firm, state that the failure Of the Marine
Bank will affect them seriously, aud they
cannot see how they can aecure them,
selves They will hold Conferences,
issue a statement, aud notify the stock
exchange of their inability - Gerry OIL
bn7'ness for the present.
| GENERAL GRANT INTERESTED
| New YORK, May = The tifm d Grant
Il Ward, composed OF Gsr,lal U s.
Grant, Jsnel D. Fab, U. i. Grant, Jr.
ard Ferdinand Ward, has suspended.