Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1893-06-07

Letter. who is one of the heaviest stock
holders In the bank, said last night:
81 have real estate enough to
nav all these claims, and am at the
banks service. Every man who mas =
dollar here shall have 1t on demand. L
am able alone to make that assertion
good, and two other men are willing TO
do the same. Before going to Europe,
I personally examined the coilateaal
for loans made. 1t could not be better.
I will guarantee every loan the bank
has made for a very trlhIng percent
age"
During the time when the run on the
hank this afternoon was hottest, Philip ID.
Armour. who was in his Office across the
street from the bank, sent out some OF his
clerks 10 bring into his Office a hundred or
more Of the most excited depositors:
Wheu his ONCE was crowded with them,
Mr.. Armour made short speech, telling
them that the bank was all right, and as
suring them that they stood in no danger
OF losing any of their money. "lf IL Will
make YOU people feel any easier" he said,
ssArmour & Co. will guarantee TO each one
Of Won the full amount Of his deposits IN the
Illinois Trust ane Savings Bank. II there
is any person here who is not satisted
with the guarantee Of Armour 81 Co., all
that person has to do is TO speak up and l
will give him a check for his deposit"
Two women said they would like their
money. one Of them having over 81, 500 in
the bank. They were Immediately paid In
gold ana the balance Of the depositors went
away satisfied.
New YORK, June GA crowd Of de-
positors in the now defunct Canal Street
Bank besieged the doors at the southwest
corner Of Canal and Mulberry streets to-
day and clamOred for admittance. They
were mostly Hebrews and shopkeepers
who knew nothing of the real condition
Of the institution that il was about TO fail
until the public announcement this morn
ing. They wanted their money and they
wantedit bad. On the door was the fol-
lowing notice written on note head OF
the bank:
New York, June 6. 1898.
This bank has gone into liquidation. De-
pOsitors will be paid in full.
There was no signature. Another writ
ing read as follows.
NOTICE.
This is closed and in possession Of the
Superintendent OF Banks.
(Signed.) CHARLES NJ. PRESTON. Pres.
These were the first formal official an
nouncements that the bank had closed.
President Rascones says that all deposit
Ors will be paid In full.
WASHINGTON, d. c., June Comp
troller Eckels said to an Associated Press re-
porter this morning, in reply 10 question,
''that so far as present advices 20 from
Chicago, no National bankhaS been Affected
BY the financial furry Of yesterday. The
clearing house association stand ready and
20, faFr har md CrfU
in every manner needed. This fact will
do much 70 give confidence TO the people,
and prevent anything like run upon any
National banks The saving bank failures
Of yesterday have not produced any con-
sternation among the deDositors OF the
National banks and will not.n
The abstract OF the condition Of the ma
tioual banks ia Chicago, on the date OF the
last call showed reserve OF 1915 per cent
or 80 per cent above the reserve required
by the law. The total resources are stated
at $3.50, S64, ,2O4. The surplus fund was Sll,-
5l6, 200 and undivided profits 81, 596,OO
TROY, n. Y, June 6.-The affairs of
Neber & Carpenter, brokers and private
bankers who failed some time ago, are not
in ap encouraging : condition. The Liabilities
are about $235, 900 and the actual value Of
the assets S13l,0 Neber x Carpenter
were the eastern correspondents Of the
Northwestern Guaranty and Loan Asso-
citation Of Minneapolis.
New YORK, June 6.-At the sub-treasury
it is stated the movement OF currency TO
the interior Is on very heavy scale. To
day 81, ,OOO, 900 in small notes were exchang-
ed by the banks for large bills and shipped
to Chicago, Cincinnati, Milwaukee and
other Western points. Cashier Muhleman
said there are indications Of still heavier
movement.
PHILADELPHIA, PA, June 6.-Samuei f.
Prince, the owner Of steam marble works
in this city, and who is also interested in
marble Quarries in Rutland, VT, has failed
with liabilities of 100000, and nominal
sets S25O,0O0 Stringency Of the money
market is the cause
TOLEDO, o., June GA Blade special
says savings banks Of Andrew Sauer, at
Defiance, failed. Liabilities, sl00, 200.
The bank is the youngest in the town
aud has paid up capital Of $27, 900. The
assets will reach not less than sl50000, and
the liabilities are stated at 500, 900. The
failure is attributed TO large loans made oy
the bank, which foots up some $l27,OOO,
leaving them too narrow a working cupital'
WASHINGTON, d. c., June 6.-The final
payments Ofthe Choctaw and Chickasaw
Indian claims amounting 10 nearly $S,OOO,-
NON MHAC AuaAO sO-Nol ~ NAO AAS~oAAy DS-
partment.
WASHINGTON, D. c., June 6.-To-day the
Treasury Department has gained nearly
81, ,O0O, 600 in gold offsetting the amount
taken yesterday for shipment. This makes
the net Treasury gold about s9o,OOO,OOO
BosroN, June 6-Hon. Moody Merrill,
who for thirty four years has been connec-
ted with the business interests Of the city
as a lawyer, street railway president, leg
iSlatOr and agitator for public improve
ments and reforms has been absent from
the city for some days, and his relatives
and closest associates know nothing Of his
whereabouts 1t is stated that he left his
business affairs in very bad condition.
His property mas been attached in a SUIT
brought 0y Mrs. Charlotte Baker to re-
cover $4,000 given TO Mr.. Merrill to pur-
chase shares Of stock for her, but since that
time he has failed 10 turn them over to her.
Other attachments will run the total up TO
nearly 500, 900.
CHICAGO, June 6.-The Grant Locomo-
tive Works made voluntary assignment
to-day. The assignees, Messrs. Ackerman
& Wilson, have taken charge OF the exten-
sive plant Of the company, but the shops
will not be shut down. On April 80, 1898,
the assets Of the company were 81, 10, ,O2O
and the liabilities about S4lO,95O. The
cause of the company's embarrassment is
that il has invested all OF its capital stock