Seattle daily post-intelligencer. [volume] (Seattle, W.T. [Wash.]) 1881-1888, 1884-07-16
EASTERN NEWS.
-, galyer Explosion.
,,,.rxp PRESS DISPATCHES.

r.,.t Boiler Explosion.
orox fInd.), July 15.-The
bLoosi r. rtar,s saw 1ill. in the south
boiler .. - this county, exploded last
vest par I'd blew the mill to atoms
svsninR On men were in the structure
Ovsr ~ John Garter, Wesley Car
81 the I''pG9, ,.vss ard g. c. keever were
Ter. WIZ WI. Filled. and all the others were
s..riously Injured
,rsrox w. Val, July l5:-At
.bis morning Judge Guthrie
O'clock ciaI session of Court and SEN
bed Charles spurlock, and member
tssoeo Nil lows Jesse James gang,
Of sne nn,dsred AI7in Woods and shot
sno a Jack Woods, near st. Albans,
DE is.u eonnty, the latter part OF April.
y IoE is 10 hang October nth. bis
poi.nsst when sentenced was TO be
oay Notwithstanding his con-
osptio =, murder in the first degree.
less.'h ,onobt out for trial, he said last
VIZ .het he confessed through fear of
nle,ah and denies ever having killed
any one. ., fcolored1. who shot
y L;lled Fenton Hill (cOlored) at a
sn ~ night dance last October, was
oss.ancsd by the same Judge to be
800 an the same day as Spuriock.
~ - been many years since there was
80 hanging here. Coleman's case
III ~ taken to the Supreme Court.
s,fuses 60 support Cleveland.
pocuvsrEg IN. ", July 5.-Hon.
NJ P1reeIl, editor of tue Union, was
aa.ad leave of absence until after
Savsmber. at his own request, because,
tsssvs. he cannot. with service 10 the
.s,,v credit to the paper, or honor to
s;mself. conduct the Union daring the
n,essnt political campaign. He has
II sent his resignation rs candidate
ssr Presidential Eiector to Chairman
Naming, of the Democratic State
Committee.
failure Of an Indianapolis Bank.
IxprAsAPoLrs. July 1.-THE banking
bouse OF Fletcher i Sharpe, the oldest
snaucial institution in the city. did not
oosu lis doors this morning. A notice
va posted on the doors stating that the
saspension was the result Of inability
n realize on securities. aud addia9 that
the property when converted would be
sble 10 pay all debts. William Wallace
vas appointed assignee. The firm was
opmposed of Ingram Fletcher, Thomas
4. Sharpe asd Albert 4. Fletcher. The
suspension caused great deal Of ex-
eitement, and runs are progressing on
the other banks, none of which are espe-
ciaIly serious, except thst on Retzinger's
bank, an institution which has a large
number of small depositors. The sus-
ueusion OF Fletcher IL Sharpe WAS an
absolute surprise even TO bankers, and
Il generally suppo led 10 be the result of !
large advances TO grain and pork deal |
era, and au inability to realize on secu- |
rites.
Wm. Wallace was appointed receiver. |
bis bsnd being PLACED at $500 900. He |
took possession of the bank this after |
noon, bat il unable A yet To furnish a |
statement Of liabilities end assets, bit !
stated TO an Associated Press reporter |
that onrsory examination shows the |
liabilities to be 81, 800. coo, with assets at
t2,200,000. Ii will be several days be- |
fore detailed account can be made. |
the individual wealth Of members of |
the firm is stated at 81 100000, and "a
stated they will make personal assign
the cause Of the failure. Among others
Ii issated that during the panic of 1873
The firm was compelled TO take posses
sion of large amount of real estate
which 10 held ~ security, aud which has
since shrunk in value.
The Indiana National Bank will pro. |
tect checks drawn by the Farmers and |
Merchants Bank of Winchester. Indi. |
~
Bank of Lebanon, Indiana, on Fletcher |
4 Sharpe. The effect OF the suspension |
was TO cause run on two or three other |
banks. The ran however did not as
mme the nature of "A panic. There Was
q large crowd at the counters Of Ret |
ringers bank during the day, demand
ing and receiving money. Tho depos-
tiers of this bank are largely of the |
working classes, and the amounts paid |
ssfe generally small. There Was Also
considerable run on Fletcher d Church.
man, but all demands were promptly |
met. Both Retzinger and Fletcher d |
Churohman received more money ON
deposit than was paid out. ingram
Fletcher, of the suspended firm, is se-
riously Ill, and the ether partners de-
cline TO talk. There is some anxiety IA
70 the outcome tomorrow. The general
feeling in financial circles is less pan.
ioky than during the bank suspensions
last August.
Individually Liable.
CHICAGO, July l5.-In the Circuit
Court today Judge folly decided that
those who we're stockholders ia the Re.
public Life Insurance Company. of Chi
caeo, at the time of its failure arc indi-
vidually liable to the full amount Of
their stock, Notwithstanding the motion
adopted at the annual meeting of the
stockholders in 1873, authorizing hold
ers Of the stock to surrender certificates
on which 20 per cent. had been paid and
70 receive instead paid up certificates.
The Judge holds that the action Of the
meeting was n fraud on the creditors
and valid stockholders. This was the
case In which Ward, the receiver of the
bankrupt company, in order t. provide
ior y9O0, OOG due the policy holders. en-
tered suit against the stockholders for
TIE amount OF stock unpaid. Seven
hundred and fifty thousand dollars of
THIS sum was claimed of j. V. Farwell.
we'll known as capitalist and rs
brother OF Congressman farwell. The
sxtent OF the financial liability of j. V.
fafwell. who was sued both as u stock
holder and as President of the Com
pany, Is yet undetermined.
To be closed.
NEW YoRK, July l5.-The Executive |
Gsmmittee has decided to close the New
lofk office of the Uaion Pacific except |
Tor transfers.
Eallur. - Al. Asa r-.a.
y :. Henry, petroleum broker, has
Tailed. He WAS short TO the amount of |
0uuu barrels at nearly the lowest |
prices OF the recent depression. He is
anember Of the Governisg Committee
o. the Petroleum. Exchange. Tse Wall |
sisees oil market Is buovant and ex
ealed. The failure of A. Il. Lexow, who
vas short on the market, is announced. |
Lexaw was heavy trader in oil. which |
elosed o. 6lss last night, rose to 66 and |
reacted 10 ellS.
On Walt street.
NEW York. july 15.-Governments |
sIfone for I per cents stocks opened |
saong on prompt denial OF further fail |
sfef IN the dry goods trade; and as the |
av advanced became buoyaut, there |
sefe heavy purchases by prominent |
Operators, and brokers reported in |
creased orders from small glasses OF |
asaefs. The crop situation IL still the |
sassf topic OF discussion, and the favor |
eoic character OF advices from the grain |
kIpUtnQ region Was tina s,riuairI fae-