The Dallas weekly herald. [volume] (Dallas, Tex.) 1873-1885, 1884-05-08

LONE OAK.
LoKK OAK, May 6.-[Speoial.-Mr. J. w.
Ewipg, n good citizen, ilving three mues
shooting himseltlsst night about 10 o'clock.
-ees-
A Bursted hank.
NKw YoRK, May 6.-rbs Marine National
bank has closed. j. ID. Fish Is president.
The bank q year ngo purchased Booths
theatre and at the clearing house IL is con-
sidered a suspension. IL IL thought the fail.
ure Ia q bad one.
The capital Of the Marine bank 800 600
Its statement OF Ss.'ember % last showed
q surpius OF $4,000; undivided profits,
$G2Si5. John ID. Fisb Ia cashier.
NKw YoRK, May 6.-Grsnt d Ward an.
nounce closing on account OF the failure OF
the Marine bank.
A visit to the bank discovered some fifty
disconsolate depositors standing in the
pou Ing rain around the closed doors. No
was posted on the door. The bank was open
at the usual hour this morning, but before
noon closed abruDtlv without assigning any
cause The stock market was very active
and seemed to be some connection between
the failure and condition Of affairs OF the
81 ock exchange. Depositors, Judging from
the appearance Of those abont the building,
promised for the afternoon.
New York, May 6.-Tho Associated Press
reporter visit ed the clearing house endeav-
oring to obtain information from Manager
Camp, but that official would only say the
clearing house committee was In session
and nothing would be given to the public
until 1t has concluded the examination OF
the accounts OF the bank. 1t 10 said on the
streets that the banks downfall is due to the
real estate transaction OF President Fish.
Sometime ago he bought Booths theatre
and is now converting 1t into stores. He
in also interested In apartment houses.
Officials OF the hank aeked whether Fish's
operations had caused the suspension and
whether the bank WAS doing business with
brokers and so lost money. He refused to
answer. 1t is believed that the failure is
due to- little. .o' both.
The Pest sa,s: The suspension OF the Ma
rne Ma 10 al bank was announced little
after IL o'clock this morning. The imme-
date cause of the failure was the banks
inability to meet its debt, about $4,000
at the clearing house this morning, nut
the cause lying behind this Is
Of to President Sc the James sss D. 'iss F
during the last year or two, and
within that time he bought
Booths theatre and the Casino
aud has also recently been building large
apartment building, The Mystic"
on West Thirty ninth street. The
reconstruction Of Booths theatre
and building Of Tho Mystic have taken
ed to have borrowed from. the hank.
G'a the ST. louis ss90na SAN Rrsnosoe
railway ard the Marine bank is the regis.
tration office of that stock. 1t is not presum.
cd this connection had anything to do With
the banks embarrassments, though 1t is
| understood to have some connection with
Shore bonds; manipulation may have had
some influence, though probably secondary
to the real estats operations Of the pres,.
dent. A few minutes after l O'Clock
la gentleman made . deposit at
the Marine National bank, and as he went
out was followed to the door by the bank
porter, who began rolling down the iron
to. find the receiving teller had shut bis
Ewindow and gone ont of business for an IN:
definite period. The paying ellsr was still
more conspicuous by his absence.
The depositor had the consolation OF stand.
ing on the steps Of the bank for the next
hour and telling his experience to crowds
of excited depositors who gathered
within an incredibly short time after the
failure of the bank was announced All
Information was denied reporters. Gossip
tamong the crowd OF depositors attributed
the failure chiefly to the miscarriage
of large real estate speculations
by James D. Fish,. The business done
was not considered large. tor
the neighborhood, and the feeling
mong the depositors was hopeful
that while some delay might he caused by
the necessity Of selling large amount Of
real esta,e, but unless the failure
was worse than too heavy real estate
speculation, the failure would not prove
disastrous one to the depositors. who
are disposed to make the hest of It, 1t is
said Wall street generally objected to the
Marine bank because of Its family
president; John D. Fish nephew, cashier,
and half dozen other
relati es of the president are IN
the bank is $4OOOOO. Cashier. Fish's off;
cial report of April 24th shows: Total
rssourcss, $7,269 425; total liabilities.
tie same On Friday said Fish transferred
the building next to the bank, No. 49, Wall
street, to the bank for $Sl goo.
| This became generally known, and the
effect of the failure virtually discouraged.
| In the clearing house this morning the
bank was indebted $500 COO and Man
eyer Camp refused TO allow clearing pro-
ceed until security to that amount was
provided. Thno the clearing was delayed,
and although finally accom- Dlished, secur-
| ity having been given for $500 600, the Ma
rine bank officials decided to suspend.
Director Yates, of the Marine bank, says
there is no defslcation or dishonesty in the
mansgem The principal trouble rs
the bank cannot realise on come collateral
| -~es-