Evening star. [volume] (Washington, D.C.) 1854-1972, 1884-05-31

visitors The list OF depositors also includes many
| OF the newspaper correspondents
| AMONG THE LOSERS.
surgeon General Wales was one OF the early call
| erS he went through an arithmetical calculation
| upon the back of book, and came to the conclu-
sion that he was about $500 short. He had about
5000 In bank few days ago, but checked out all
Dut $500. Among the losers is Mrs X. S. GillISs,
WHO'S wno Is now out OF the city, and whose loss was
versant with her affairs at $4,000 Commodore
queen was depositor in the bank, and 1t is said
ms deposit amounted to about 5000 A good many
washington business men did business through the
oank but 1t is not thought that any OF them mad q
very large balance with the bank
THE CLERK OF THE Z. S. SUPREME COURT LOSER.
MI. Mckenney, clerk OF the United States Su-
preme Court, kept his personal account In Middle
tons bank but the funds OF the court were kept in
the Washington bank Mr. Mckenney was not at
good deal.
A STATEMENT PROMISED NEXT WEEK.
Mi. George T. Green says that statement OF the
condition OF the banks affairs Will be made In the
early part Of next week; meanwhile he cannot even
approximate the amount of the liabilities. "Are
they more than $780, 0O00!' inquired reporter. 81
really would not like to say" replied MI. Green.
8. E. MIDDLETON is 'sNoT VERY WELL AND REFUSES
TO SEE ANY ONE.
A STAR reporter called at the residence Of Mr.. S.
h. Middleton. corner OF 18th and & streets, but was
told by young man who came to the door that
MT MI. Middleton was not very well, and would
see no one He said that his orders were positive,
anu he refused TO receive a card.
THE ASSIGNMENT.
An assignment OF d. w. Middleton and Samuel E.
Middleton was placed Oh record In the recorder OF
deeds Office to-day. 1t bears date Of May 3Oth and
assigns TO Mr. Geo. F. Green, for the benet OF the
creditors, all the assets OF the firm, debts due by
to realize the cash and pay the creditors and after
deductlng his commissions, &C., If the amount
Ieazeo sha not be sufficient TO pay In full then to
pay the creditors pro rata.
Other Banks Of the City Not Affected.
"Wlil the Middleton failure affect the other
banks Of the city in any way?" asked STAR
reporter of Hon. j. A. j. Cresweu president OF the
Citizens National bank.
"Not at all, said MI. Creswell, "I know nothing
OF their business. They had very little to do with
our bank Sometimes some OF their checks would
come here, and we would send them around for
collection. AS for the national banks here think
you can safely say that there are sOunder banks
In the country. They could raise money at short
@ noeice 10 pay all the claims that could be made
against them At the present time property
owners have to pay their taxes, and money is
belng Withdrawn from the banks, and is going
into the Treasury. This occurs senli-annually and
the banks are always ready for it, The business
they do Is conducted conservatively. We have
always hand only the legal reserve of 25 per
cent but often as much so per cent. OF course
all the depostors came into bank on the instant,
and demanded their money, 1t would embarrass
ii.
we could pay every man we owe"
Mr.: D. W. Thompson, president OF the Metropoli-
tan National bank, stated to STAR reporter that
ne was very sorry to hear OF the Suspension OF the
Middletons, he said, on account OF the uneasness
that followed such failures. The national banks
OF the city, he said, were never in sounder condl-
tion than at present.
What is your idea of the cause OF the Middleton
failure?" asked STAR reporter
81 know very little OF their affairs" said Mr..
thompson. "It is my idea, though that during
the last Is or 16 years they have been accommodating
bad debts. They have made loans which turned
out badly, and have been too lenient When the
firm dissolved the other day and 1t came to diyi-
sion, suppose 1t complicated affairs further, and
they have been unable to meet the demands upon
them"
Mr. Thompson stated that the failure in no way
anected other banks OF the city, and should cause
The downtown banks were not affected by the
Middleton suspension, and there were no indica-
tlons OF run OF frightened depoStors. The bank
omcers declare that they are ready for any emer-
gency.
The Central National bank and It's neighbor, the
BANK OF washington. are not In the least affected
by the failure and there is the slightest sign OF
any want OF confidence. Mr.. Norment OF the first
named bank, this morning remarked that while
tnere Is no need or apprehension, the banks would
doubtless keep well to the shore If no other pur
pose than to be in position to help their Gus
toners.
Soon after the news Of the Middleton suspension
began to circulate, the string persons in front of
the cashiers window at the National Savings bank,
18th and streets, began to grow in length until it
reached from the counter to the door, The cashier,
however, quickly disposed Of the claims presented,
and later, when 1t became known that the bank
was paying its deposItors without requiring the
thirty days notice provided for by the regulations
Of the bank, the alarm died out.
presitent Snyder said to STAR reporter simply,
I'VE pay our Indebtedness and do not talk"
Mr. Clephane, one OF the directors OF the bank,
stated that an unusual number OF deposits had
been received this morning, as 1t was Saturday and
the end OF the month. These depositors helped to
swell the number OF persons in the bank. He ap-
pretended no trouble at ALL In 1873 he said, when
the panic came, there was run on the bank, and
over S4000OO paid out before the run stopped.