Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1888-11-22
A BANK SUSPENDS.
CONSIDERABLE EXCITEMENT IN BusI'
NESS CIRCLES IN NORFOLK.
The cause OF the TrouSls-rhe Cotton Trade.
Favy-Yard Eotss-sarriags-
Briefs
,c,--..noo,o,,o Of tho Richmond DIspAsch.l

rcorrpspondence Of tho Richmond Dispatch.l
NORFOLK, November 81, 1888.
There was considerable excitement IN
husiness circles this morning over the SUI
nouncement OF the failure OF the Home
Savings Bank. judge George ). Olnnen
was president OF the bank, having succeeded
CONGRESSMAN Bowdeu about six months ago.
This bank succeeded the Freedman's saw
ings Bank here, aud did widespread Dusl-
Hess With the colored people, hs wen Is
GOOD business with the retail houses OF inc
CITY. Tue directors closed the BANK on ac-
count Of run yesterday started by rumors
OF the instability OF the concern. A notlce
was early posted on the doors OF tue Dulid-
ing to-day announcing that The deposllots
will be paid In full. Heavy failures OF DUST
ness firms In this section within the ia't le"
years have affected the bank for some time.
At times to-day Disguised depositors,
white and black, were quite demonstraUFe
in front Of the collapsed Home Bank, the ne
eroes loudly expressing their ieelihgs
against the bank managers. Four policemen
we're stationed IN front OF the bank for q
time. The deputy clerk OF the court, Julus
Solomon. was at bis Office at midnight last
night rrcelyl.g the deed OF assignment 10
George W. Black, trustee. The liabilities
were stated at 100000 and the state tax Tor
recording the deed was $500. The trustee
sovs the deed u to pay in full IL the proceeds
are sufficient. but, II not, pro rata aud Win
ont preference. all the debts OF the bank,
which il somewhat different from the notice
TO depositors posted on the bank-door this
morning.
The Seaboard and Roanoke railroad is do
ing q heavier business In colion-haullng thls
season than the read ever handled before,
ard much OF the staple Is brought from
points I'm Georgia never reached before Dy
tue Seiboard system.
one of the large ferry steamers, the
Berkeley. has been condemned By the Gov
eminent steamboat inspectors, her boilers
being worn out. In case Of an accident
now one oi the three ferry lines will be per-
mancntly disabled
seven thousand bales OF cotton were re-
ceiyed in Norfolk yesterday. The business
seems starting aircsh and increasing IN
volume The warehouses are all full, and
tbeoDen lots are being utilized to store it.
Norfolk bu.ine,s.men continue much con-
corued over the plans OF President Inman,
OF the Richmond Terminal, to 90 to sayan-
nah instead Of Norfolk; but all agree that
the depression will only be temporary, and
that i'm the natural course 81 events the busi-
ness Of this port is bound to increase and
push ahead.
conference.-the >Reyenue John d.
Moore. OF the county. and Miss susie Deal
were united 10 marriage at Deep Creek last
night
The negroes in thc county continue their
rioting over the election Of Harrison.
Two Of the northern yacht fleet here-the
Nathalie and the Presio-haye left for the
Carolina sounds.
ChictN1yaLC Constructor Theodore ID. Will
son returned 10 Washington last night,
having been al the yard since last FRIDAY.
His visit resulted IN = great deal Of good for
tie w0rbmgmen here.
The flagship Pensacola will be placed ont
% commission next week and her officers
placed on waiting orders.
The magnificent stcan-yacht Sycamore
will leave early revt week for = winter cruise
i'm the West Indies. She belongs to J. W.
slater, OF Providence, b. J., and has just
been rci.ted. q.