Press and daily Dakotaian. (Yankton, Dakota Territory [S.D.]) 1880-1889, 1884-06-03
PALNUD.
BUSINESS TROUBLES.

Middleton s. Co.'S. Fatlure-Penn Bank
!Proceedings-Other Shortages.
Washington. May 31-Notice was
posted this morning upon the doors Of
the banking house of D. W. Middleton &
Co., 142l F street, that sowing to heavy
and immediate demands we have
assigned to Geo F. Greene for the bene.
fit of our creditors" The doors of the
bank are not closed and number of ex-
cited persons have gathered inside talk.
ing of the suspension. No particulars
are yet obtainable.
- Geo. f. Greene, bookkeeper and
assignee, says D. w. Middleton retired
from the firm week ego, owing to ill
health and disinclination to continue the
struggle against what he thought newt.
able. The capital stock of the bank is
100000. Greene says statement of
the condition will be made early next
week. he cannot approximate the
amount of liabilities.
1t is said the total liabilities are $780,.
600. Among the depositors are many
army and navy officers and news cores
pondents. It lie reported Mrs. Hutchin.
son, widow of the late president of the
Alaska Fur Seal company, has S100, 900
IN the bank: Other prominent losers
named are Ernest Drechman, of New
York; Owen ]. McKenney, clerk of the
United States supreme court, and Sur.
geoa General Watts.
elderly gentleman, in disguise, have
which leaves tEis morning for Liverpool.
Both slept on the steamer. There is no
means of learning further particulars.
New York, May 31-Chief of Police
Wall received dispatch to. day from the
police of Quebec, saying John G. Emo,
the absconding ex.president of the Sec.
ond National bank, was arrested, and
would be sent to this city.
Emo, president of the national bank
arrested at Quebec, declined to return to
this city voluntarily. Superintendent
Walling says he did not order Eno's ar.
rest.
| Plttsburg, May 3l.-Civil suits were
entered to-day to recover from suretiet
the amount of the bonds of President Rid
die and Cashier Reiber of the Penn bank
A telegram from Jersey City states tina,
Thos. j. Watson. the oil broker who lef
here so suddenly yesterday, has been ar
rested there.
This afternoon the directors of ths
Penn bank instituted criminal proceed
ings against President Riddle and Cash
Ter Relber, charging them with conspir
. acy to defraud the bauk. Reiber wa
arrested at his home in McKeesport ant
brought here tonight. Riddle is lyine
at the hospital and was placed unde
strict surveillance, but not removed
!, Reiber's bail was placed at $4,000 anG
Riddles at 100000. Neither was abl,
to furnish bonds.
The information for conspiracy to de
, fraud the Penn bank includes Presiden
Riddle, Cashier Reiber, Thomas j. Wat
son, the oil broker, and seven other
whose names will not be made publi
until after the arrests. Reiber, upo1
giving bonds in $4,000 tonight, was re
leased from custody.
Watson, the oil broker, arrested q
jersey City, telegraphs that the chief O
, police refused to detain him, as ther
was no specific charge against him. b
claims that he went to New York O.
private business and intended returnip
, Monday.
! A shortage of s22. 900 in the account
of j. T. Hoyt, cashier of the Butle
:, County Savings bank, Millerstown, Pa
! was discovered to-day. There will be n
!. criminal proceedings, as Hoyt turne
= over all his property.
: The firm of Dennison and Hoyt, o
' brokers, made an assignment for th
: benefit of their creditors.