The morning call., 1893-06-20
WEAKENED BY WITHDRAWALS.
A North Carolina Bank Forced to
Make an Assignment.

Make an Assignment.
WASHINGTON, n. c., June 19.-The
Bank of New Hanover has failed; assets,
S1,250,000; liabilities. SS00,000.
A notice on the door of the bank says:
Owing to the withdrawal of S320,000 in
deposits and the notice of the withdrawal
of $3.50, coo more, and because of the ina
bility TO realize quickly on assets, the bank
has decided to assign. Depositors will be
paid in full" The failure caused a run.on
the Wilmington Savings and Trust Com
pnny, and it is requiring thirty days on
sums over 500 under the law. The bank
is believed TO be entirely solvent
NEW YORK. June 19-On the applica-
ton of the directors receiver has been
appointed for the Cassell Publishing Com
pany on allegations of insolvency, caused
by President Dunham floating Sl6S, 900
worth of notes for his own obligations. Ii
is said he has disappeared.
Lawyer Fletcher said this evening that
the comDany's assets were about equal It.
its liabilities. Expert Accountant Sargent
will at once begin an examination of the
books. Durham has not been seen since
last Thursday morning. He is believed
to have used the money largely in land
speculations. He held $4,000 of the
eompany's capital stock
The weekly bank statement is as fol-
lows: Reserve, decrease. S5,644 900; loans,
decrease, S3,7OO,OOO; deposits. decrease
S12, 3S9. 000 The banks now hold SS.777,-
900 in excess of the requirements.
Height Bros. importers of laces and
fancy goods, have confessed judgment for
$4,000.
The Eaton. Cole and Burnham Company.
manufacturers of brass goods, to-day sus-'
pended. NJ statement has yet been made.
but the failure is believed to he bad one
To-day a receiver for the Bachdorf Nov
city Company was appointed. The insol-
vent company was engaged in manufactur-
ing musical novelties.
The shipments OF currency by New
York banks TO the interior to-day amounted
% S1,5O0,OOO
BUFFALO. n. Y. June 19-J n. Adam
was to-day appointed temporary receiver
of the George l.. Squire Company, which
manufactures plantation machinery. The
liabilities are about S200,000 and the assets
$4,000.
PITTsBURG. Pa, June 19-The Oil Well
Supply Company, one of the most exten-
sive corporations in PENNSYLVANIA aud the
largest concern of its kind in the world, to-
day went into the hands of a receiver
The corporation was capitalized at 81. 800
000 and the assets aggregate 50, 100000.
The total indebtedness is placed at 81, ,1O0,-
600. The debt is pressing one, and on
account OF the depression in business
cannot be met.
The principal office and an iron and pipe
mill Of the company are located at Pitts
burg. They also have fOundries, shops
and offices in Oil City. Bradford. Conn,
and Ohio. and own property in New York,
OHIO. Indiana. Illinois and West Virginia.
They employ over 1900 clerks and op-
orators.
BosToN, June 19.-The Little Kanawha
Lumber Company has been placed in re-
ceiver's hands. Thr assets are S1,1O0, 600
and the liabilities S7s5,00O On account OF
the failure of the company the firms of
Andrew f. Leatherbee. William H.
Leatherbee & Sons and the Taunton Lun-
Der Company have assigned also.
WASHINGTON, June 19.-Gradually, and
in the absence of export, the gold in the
treasury is increasing. To-day it was
S93 719. SAG. an increase since Saturday OF
more than 100000 and gain of nearly
S5,000,000 during the past three weeks.
Through proceedings brought in behalf
of thirteen stockholders, receiver is
sought TO be appointed for the Fidelity
Building, Loan and Investment Associa-
tion Of this city. with authority to
dissolve the association aud apportion the
assets among the stockholders. The bill
alleges fraud in the plan of tie association
and mismanagement by some of the Off
GERS. All the charges are denied by the
officers.