The times. [volume] (Richmond, Va.) 1890-1903, 1893-07-28
Ihree Wore National lnnks raiI.

SEATTLE, WASH. July IA Spo-
kane special says: The First National
Bank suspended payment yesterday. The
Spokane Savings Bank. connected with
the First National closed at the same
time. In a few minutes the news was
generally known throughout the city,
but was received quietly. There was no
effect perceptible at any Of the other
banks. President Glover stated that the
bank has only temporarily suspended,
and all depOsit0rs Will be paid In full
HELENA, MONT, July H.-The First
National and the Montana National
Banks failed to open this morning. A
run then began on the other banks Of
the city.
LOUISVILLE, KY. July H-The
Farmers Bank. Of Mount Sterling, KY.
suspended payment this morning
MIDDLESBORO. KY, July 27-The
First National Bank. Of this place.
closed its doors this morning. \ notice
upon the doors reads:
"Ihs bank is closed by order OF the
directors. J. p. Sandlford, cashier"
PORTAGE, WIS. July H.-The City
Bank closed its doors this evening. The
suspension is due to the condition Of the
money market.
PORTLAND, ORE. July 27-The Port
land National Bank and the Northwest
Loan and Trust Company, OF this city.
suspended payment this afternoon.
HELENA, MONT. July N.-The First
National Bank has assets Of over Sl.O0o.-
900 I'm excess OF liabilities. The Montana
National has $4,000 in excess OF iabill-
ties. They simply could not get currency
enough 10 meet the demand The Mer-
chants National stood three hours run
and then received In deposits more cash
than had been withdrawn. There was
no run on the other banks.
CHICAGO July 27.-The clearinghouse
this evening decided 10 issue clearing
house certificates.
BusInes Fmbarras' 'ments'
WAITHAM. MASS, July N.-On July
lst the American Waltham Watch Com
pany gave its hands a months vacation
To-day the company announced that the
vacation will be extended 10 August 'th'
and when the works are started only
half the force will be employed. Along
with this announcement comes the state
ment that the Elgin Watch Company Will
discharge half its hands August 1st.
Each company employs about 5000 per-
sons There is CONSERVATION I'm Waltham.
BOSTON, MASS, July H.-Ticknor q
Co, publishers, 2ll fremont street, are
financially embarrassed, and have made
an assignment to Charles Fairchild. The
firm succeeded to the business Of James
c. Hagood & Co. when the firm failed.
in 1855. Besides its book-publishing busi-
ness the firm publishes the American
Architect Creditors are well disposed
toward Ticknor though they will have
no trouble about the adjustment of
affairs
HARRISBURG, PA. July H.-rhe Ame-
rican Tube Iron Company, located at
Middleton, has gone into the hands OF
receiver. The company has no mort
CAGES. judgments or bonded Indebtedness
against II, but could not raise funds, ow-
ing TO the stringency i'm the money mar
ket II is one Of the largest concerns OF
the kind in the country. employing fif-
teen hundred hands. 1t makes all kinds
OF wrought iron pipe and tubing.
CINCINNATI, o., July H.-The Deer
Creek Cotton Mills Filth street and
Fgeleston avenue and the Betting fac
tory. on Plum and Canal streets. con-
trolled by Henry Pearce, Sons Il Co.
shut down indefinitely to-day, throwing
500 hands out Of employment. Dull trade
10 the cause given.