Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1893-07-13
CONCERNING BUSINESS AND FINANCE.

GARNETT, KAs., July 1.-THE Bank OF
Garnett, one of the leading institutions OF
Anderson county. closed its doors this
morning, catching some depositors rather
heavily, and the county treasury Tor tl3,-
600 county money. A statement OF haolli-
ties and assets is unobtainaOle. IL Is
thought the bank will be aole in time TO
pay out but considerable excitement now
prevails. The banks here are prepared TO
withstand any run that may be started.
SPRINGFIELD, Mo-, July 1.-THE Bank
Of Commerce has failed. II is the first bank
failure in the history Of Sprinbeld. Mo.
The last statement showed s256,OOO in re.
sources, surplus OF about $4,000 aud
sl76 900 in deposits. T. j. Ray, an extens-
i've dry goods dealer, has failed for slo,-
600.
CHICAGO, July l2.-Chas. NJ. Barnes,
stationer and bookseller, assigned to-day.
Assets, tl7l, 900; liabilities, $4,000; Con
fes sons of judgments entered last night IN
the Superior Court caused the suspension.
WASHINGTON, ID. c., July l2.-The offers
of silver for sale 10 the Treasury Depart
ment aggregated 5000 ounces at prices
ranging from 72a78If per ounce, all OF winch
were declined and TX rendered.
MILWAUKEE, July l2,-The grand jury,
after investigating the failure OF +. "A.
Lappen & Co and the Plankinton bank,
has reported indictments for all tue ofn-
GERS and directors of the Plan!.iuton bank
They are: f. l.. Day, president; VIM.
Plankiuton, vice president; VIM. IL. Nom
sen, cashier, and Eugene Elliott, f. w.
Moves, G. l.. Clason, and Judge James v.
Jenkins, directors. Judge Jenkins was
the first of the indicted bank officials 10 be
placed under arrest The others soon FOL
lowed, aud Judge Walker fixed their oail
at s.. 900 each The bank officers, with the
exception Of Mr.. Day, are charged with re-
ceiyinR money when tho bank was insol-
vent. 1t is understood that Mr.. Day Will
have TO answer the charge Of embez1lement
Day is ut the Indiana Sanata-
rum and officials OF that state
have been directed TO hold him Until
requisition can be obtained. 1t Is under
stood that another indictment has been
suppressed. IL is supposed 10 be that OF
Owen A. Lappeu, brother CT Frank A. Lap
pen. and O member Of the wrecked firm OF
Frank A. LRppen 81 Co. The announce
ment of the indictments and arrests caused
intense excitement throughout the city.
The parties are all prominent In business
and society circles and their unfortunate
predicament is the subject Of general re-
oret. Mr.. Moves, one Of the indicted dlrec-
tors, is too Ill to appear In court and conse-
ouently is under surveillance at his house.
The bail in the case of the indicted bank
ers was fixed at g., 900 on each count. This
makes VIM. Plankton's bail 10000 and
that OF the other prisoners $4,000.
WASHINGTON. d. c., July l2.-The gold
reserve to-day increased $500, ,s95, the total
amount being ts7, ,SS6,575 The currency
balance remains at about the same ngure'
$27, 1853. .ssl
CRAwFoRDsvnLE IND, July l2.-Robin.
son & Wallace, book dealers, one OF the
most extensive and oldest firms In this
city, assigned to-day. All OF their home
creditors are preferred, but II is thought
that the astets will nearly equal the laoili-
ties.