Evening star. [volume] (Washington, D.C.) 1854-1972, 1884-06-02
THE MIDDLETON FAILURE.
DEVELOPMENTS IN THE CASE To-
DAY.
The Other City Banks All Right.

The Other City Banks All Right.
It was expected that the suspension OF the Mid
dleeons Saturday would cause uneasiness among
oank oepo1tors today but except in few cases no
unusual demands were made upon the banks The
demands that were made came as a rule, from
small depostors and persons inexperienced in
banking ana1rs MI. John w. Thompson president
OF the Metropolitan national bank, stated to STAR
reporter that at the close OF business Saturday his
bank held more cash than when it opened In the
morning This was the case with the other national
banks To-day, he said, the dividends of the Metro
pontan railroad would be paid at the bank, which
o1strDuted considerable money in the community,
and would have good effect. AL OF the banks OF
the city, he said were sound and there was not the
slightest reason for q lack OF confidence in any OF
them.
thompson, "they are ike wild horses, and you
cannot control them. There is no evidence OF q
lack OF confidence in any Of the national banks,
are not engaged In speculation, and are perfectly
aDle TO pay all they owe II there were runs on such
much as the business community at large which
has financial relations with the banks The banks,
for instance hold large numbers OF demand loans,
call In the loans You can see how that would
alarm. At our bank to-day the persons depOslting
money are In the majority"
PROPOSED CLEARING HOUSE
Mr. Thompson has had interviews with the sew
eral bank presidents with the view OF taking steps
TO establish clearing house here, as suggested in
saturdays STAR. II have had that in mind" he
salo TO a STAR reporter, ''since 1873 Iattempted
70 start 1t then, but think we Will succeed now.
we WIN nave clerk come over from Baltimore,
probably this week, to instruct our people In the
Mr. Thompson has since Saturday made private
investigation OF various banks here, besides the
national oanks and the result is that he expresses
n fh0r,
THE CLOSED MIDDLETON BANK
presented very dreary appearance to-day. The
original notice OF suspension still adorned the front
door, which was locked for WHILE and but q few
interested persons allowed inside. Neither d. w.
nor s: E. Middleton had put in an appearance this
morning, out 1t Was stated that the latter was ex-
had no statement to make as he had scarcely had
time to look at the books as yet
DEED OF TRUST FROM D. W. MIDDLETON TO Sc
CURE CERTAIN CREDITORS.
Inls morning deed OF trust, given by D. w.
Middleton and wife to George F. Green, was placed
on record 1t is dated May 31st recites that as
the firm OF Middleton & Co. are indebted to Mrs.
Janet Smith 1000, W. P. Thompson $1,000, Mr..
SAWYER, M Lloyd "a and Mrs Boggs in unequal sums
Jolly s., 600 and Henry English S5O0-aggregating
$1,000 and as the firm has made assignment he
vide further and additional security Tor the pay
ment OF the amounts due the persons named,
conveys 70 George F. Green all right and title OF D.
w. Middleton in square north OF square $685. lot /,
square IL, and lots 6, Z and 8, square co. and all
Tight and title In real estate OF every description in
the District and his title to 80 shares in the Post
sewing Machine Combination company. Mr.. Green
is 10 sell the property at public auction and OF the
purchase money. after deduct1ng charges, with q
commission OF five per cent, to pay whatever shall
remain unpaid OF said debts pro rata
Some members OF the bar stated that the as
sgnment OF the assets OF the bank should have in
ciuded all the property Of the firm and their indi-
Ndqal property, and that this deed would not hold
good.
was placed on record this morning for the transfer
by D. W. Middleton, 1r., to James II. McKenney Of
Two frame houses on street, between 18th and
18th. and brick house on the corner OF and 18th
streets, the consideration being sls,O00
What Mr. ID. ". Middleton Saws.
THE LIABILITIES NOT OVER 1000, HE TH1HKa
Mr.. D. w. Middleton was found at his residence,
2l4 New jersey avenue, by STAR reporter this
morning. He was still complaining of the trouble
In his head, and looked depressed and weary as he
walked into the room and occasionally passed his
hand across his forehead He protested his utter ina
blllty to approximate the liabilities assets OF the
bank, saying that he knew nothing of the state of
the books He said that he had been sick and un-
abe 10 attend to business for time before his
retirement from the firm week ago. There had
been run on the bank, he says, and he under
stands that during the past week 1t had been much
worse up TO the time OF the suspension, so, even
knowing how the accounts stood when he left he
could not say what had been drawn out since. He
thought, however, that matters would not be quite
as bad as stated in the papers, and that the apii-
ties would not amount to more than $500, 900. The
trouble was brought about through bad loans and
the sudden withdrawal OF large amounts, some of
the papers presented having been for amounts of
four and hve years standing. He said he had in
tended to go down to the bank to-day but was not
able to do so, and would have to postpone 1t until
tomorrow.
What s. e. Middleton Says.