The weekly Union times. [volume] (Union C.H., South Carolina) 1871-1894, 1893-08-04
NUMBER 81.
SILVER REFUSED.
SO Much Already That Il Can't be
Handled. rss

h8h0to0. Nttttt
CHICAGO, IlL.-Notice was postod
Monday in tho United States sub Treas
ury 70 the effect that silver woald not be
received. During tho day many employees
Of banks brought in sacks OF tho white
metal to got currency in exchange, but
they had to shoulder their loads and 60
az lin rs thoy camo. There Il moro sil-
YER lying around uncountcd behind the
rails of tho sub Treasury than the force
can handle. -
On every shelf and in piles on the
floor, canvas sacks filled with dollars aud
other coins, are stacked up until thore u !
hardly room to got about. I'VE arc uu.
able to handle the big amount OF silver
We have on h,nd," said Que Of tho offi
cials, "and until Il can DO all counted and
cleaned up we will not receive any
mo Q over the counter. For some time
p.st great quantities of silver h,vo been
brought here ny banks to b, exchanged
for currency, uotl the amount has be-
come grcacr than wo can ,ndlc, and we
will have had to call temporary halt.
This is all there is to the mat or.
Eek TREASURER HUsrnN's B>NK DOWN.
CoNNoRsvuLLE, IND.-The Citizens
Bank, owned by eX United States Tr>as.
urcr Huston, failed to open its doors
Moad,y morning owing to the strin-
gcncy of tho money markc'. The liabili-
ties aud assets have not yet bcen made
known. The dcpositors viii, It is ssid,
be paid In FULL
HAD HELPED OTHERS COULD NOT SAVE
ITSELF.
TACOMA, WASH. Tho Tacoma Ma
tiona Bank, ono of tho strongest in the
Northwest, suspended Monday morning.
This bank has been assisting the other
banks in the city for the past six month";
A LOUISVILLE BANK.
LoUisvILLL, KY.-Ths Louisville City
National Bank closed Its doors at 1:19
Monday evening.
SENATOR MITCHELL's BANK FAILS.
MINIATURES, WIs.-Tho Wisconsin
Fire and Marine Insurance Company
Bank closed its doors Tuesday morning.
This is Senator Mitchell's bank and had
been considered tho strongest bank iD
the city.
,4s FARMERs NATIONAL.
TOLEDO, O.-The Farmers National
as$k ssFs p SaSIiH s1SssS H essS. y
f,r INV rup that NAV follow
FLORIDA hank.
WARRINGTON, u. C.-Examiner Nc.
Donald has been directed to take charge
of lii. failed First National Bank, Of Or
lando, Florida.
A LOUISVILLE BANK.
LOUISVILLE, KY.-The Merchants
National b INK has suspended payment.
THE LOUISVILLE FAILURES.
LOUISVILLE, Ky. The Fourth Nation-
al Bank threw up the sponge at 11S
o'clock in the afternoon, after a hard
fight A run during the morning, with
drain from tho country banks, caused
the suspension. President Geo. Davis
was sccn just after the closing OF tho
doors. "Ail the inform ,tion we havo to
give out at this time" he said, ''is that
no none will lose mill by our suspen-
sion"
-Four national banks have thus far su''
pended since Saturday. The officers Of
the Merchants National Bank assert
their solvcncy. Depositors and Stock
holders received dollar Tor dollar.
BY 1880 o'clock 1t became evident 10
the directors OF the Louisville Deposit
Bank That tn could not meet the days
demands, rs the general condition OF
financial sflalrs was SUCH az TO preciude
| the hope OF outside assistance. Inc ot-
| rectors ordered the doors 10 DC cioseo,
and papers were prepared making an as
ai"nment TO inc ae'maoi' AtuS' oo'"'
DaDy.