Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1893-07-27
IN hs connleteo for several days.


Tbe greatest interest centers in
the AFFAIRS of the Milwaukee
Fire and Msrine Insurance Company
RANK. Itis said that the night before the
hank closed the sum of s., S44, 600 was due
depositors, a decrease since July OF
a. O26. 600. the last named sum representing
the amount drawn out during the run a,
few DAYS prior thereto, The bank aela
SlOs. OOO in cash when the doors closed. The
hank raised S450,000 on securities atter
July l, and shortly prior thereto mad Dor
rowed $500, 600 in the same manner.
NEW YORK, July 96.-J. B. Dumont,
member of the Stock Exchange since May
l. 1889. announced his suspension THIS al
ternoon.
CLEVELAND, o., July 26-The Avery
Stamping Works to-day passed into re-
ceiyeris hands to avoid making an assign
meut. The concern is perfectly solvent,
but is unable 10 get further accommoda-
mons from the banks which already hold
slOO. 900 pitts paper. Assets are estimated
AZ 500. 900 and liabilities about $500, 900
The matter came TO head through the ac-
tion of the junction Iron Company, Steuo-
enville, Ohio, which wanted S3l, ,4ll.46 due
it. The works will be operated on unt1n-
ished goods until the stock on hand is ex-
hausted.
LOUISVILLE, KY, July 26-All of the
banks opened promptly at 9 O'Clock this
morning and proceeded with their business
as il nothing had happened to disturb the
financial affairs Of the community. Ex-
cept for the crowds, there was no indica-
tiou that business was not as serene and
quiet as it ever was AT the start every
depositor Who wanted his money got 1t
without a word, and while there were
a number Of them who drew out their
balances there was not what might De
called a run. Depositors did not stand In
line waiting their turns at the paying
teller's window, but those OF them who
drew out their cash did it quietly and IN
much the same manner as they would st
any other time. Those who had smaller
amounts 70 their credit seemed most
anxious to get their money and none OF the
large depOsitors seemed worried IN the
least by the presence of the crowds.
PHILADELPHIA, PA, July 26.--Execu-
tions upon judgments, aggregating sal ,OOO,
have been issued to-day against La Roche
& Stahl. florists, Of this city.
LONDON, July 26.-The General Credit
Company has suspended. The capital OF
the concern is S5O0. 900. The market closed
In demoralized condition. American rail-
road securities are very fiat. Compared
with last evenings prices the close to-day
showed heavy declines.
WASHINGTON, d. c., July 26.-The silver
offered for sale in the Treasury Depart
ment today aggregated 175,000 ounces at
prices ranging from So 1925 to S070aO per
ounce, all of which was declined and
90 1920 rendered.
MONTREAL, July 26.-The local stock
market is more demoralized in condition
than ever in its history Every stock listed
reached its lowest point. Many persons
have been actually ruined. Between here
and New York, II is estimated that over
s., ,00O, 900 Of Montreal money has been lost
within the past three months. So FAR no
bank or other failures have resulted from
the depression.
WASHINGTON, D. c., July 26.-The First
National Bank of Grundy Centre, Iowa,
has informed Comptroller Eckles that 1t
expects to resume business in August un-
der new management. The Farmers
National Bank of Henrietta, Texas, and
the Farmers National Bank of Findlsy,
Ohio, which failed yesterday, expect to re-
sumo in a short time, the latter on Monday
next.
NEW YoRK. July 26.-One hundred thou
sand dollars worth of gold bullion was pur-
chased in London to-day for shipment
here. Five hundred thousand dollars in
gold came in from Havana to-day, and
el35. 900 more is due to-day on the Havel.
CINcINNATI o., July 26.-Clarence M.
Overman, late president and director OF
the Citizens National Bank of Hills6oro,
Ohio, was arrested by u United States
marshal TODAY at Hillsnoro, on warrant
sworn out by United States Attorney John
w. Heron. and brought before United
States Commissioner John d. Bruce.
He is charged with embeszling
$50. 900 Of the banks funds and also with
making false entries in report to the
Comptroller of the Currency as to the
banks condition on May 4, 1898. He
plead not guilty. His bond was fixed by
the Commissioner at 200, and not being
able TO give the same to-day Overman was
committed 10 Jail. He will be given
hearing tomorrow.
MILWAUKEE, Wis, July Ex-senator
John L. Mitchell, President of the col
lapsed Wisconsin Marine and Fire Insur-
ance Company bank, saws the bank will
pay dollar for dollar il given time He
and David Ferguson are individually
liable according to a late law passed in
1850 for every cent owed by the bank.
There is no trace of j. B. Koetting, the
missing cashier Of the South Side Savings
Bank, which closed its doors on Monday
He has the bank ledger with him, and
there are rumors of wheat speculations in
connection with the bank failure.
MILWAUKEE, Wis, July 26.-Goldsmith
& Co.. dealers in carpets, ETC., made an as
signment late this afternoon to Henry
Mann. whose bond is fixed at 100000
DENVER, July 26.-President NJ. j. Law
renee, OF the Peoples Savings Bank, was
arrested at his oflce at the Peoples Ma
tional Bank block shortly after o'clock
on warrant charging grand larceny in
connection with the failure OF the savings
bank The warrant was issued out Of
Justice Lebot's court, aud is sworn
to by William Casey In behalf
OF his wife. Sophia Casey, who
is a depositor In the bank TO the amount Of
81 500. The same warrant upon which
President Lawrence was arrested also
called for the arrest of Cashier +. g.
Schrader upon the same charge and he,
too, was arrested before p. m. The charge
upon which the proceedings are brought is
that the banks received q deposit
from Mrs. Casey within 80 days previous
to the time Of failure. This is
alleged TO be violation of
the State law and is held by the law to be
prima facie evidence that the officials of
the bank knew that the bank was insol-
vent. This under the law makes the 81
hcials liable to prosecution for grand lar
ceny The punishment for such offense is
for not less than one nor
more than ten years.
VALUABLE HORSE ROASTED,