The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1893-08-05
PLENTY OF CURRENCY
The Treasury Department Will
Supply All Who Come.
Meanwhile, the Financial Strirgency
Continues and Many Eastern
Firms Go to the Wall.
Special to THE MORNING CALI

WASHINGTON. Aug. 4.-Treasury Off
cials state that the treasury is prepared to
supply all the small currency wanted, and
the lack of such currency in certain sec
tions Of the country is accounted for on
the theory that mnch of it is being boarded
by those who receive it. thus Withdrawing
it frou active circulation.
The Treasury Department to-day pur-
chased 100000 ounces Of silver at y cents
per ounce, an advance Of Ii cents per
ounce over the price paid Wednesday.
The offers to day amounted to $4,000
ounces. The purchases thus far for the
month aggregate 100000 ounces.
Treasury officials are advised that the
First National Bank of Hammond, Ind,
capital $4,000. and the Citizens National
Bank of Muncie. Ind. capital 100000,
closed their doors this morning.
LONDON. Aug. 4-The American steam
er Paris. which sails from Southampton
for New York Tomorrow. will take $4,000
soveregns consigned to American houses
NEW YORK, Aug. An. L. Cort & CO.,
importers Of tin, tin plate and other meta Is,
made an assignment TODAY, giving prefer
ences amounting to S34. .425. The liabili-
ties are $3.50. 900. and the assets unknown
The firm is very old one, and was promi-
nent in the metal trade. The failure is
due to depreciation in the price of metals
and financial stringency.
5. Jacoby d Co., cigar manufacturers,
cont fessed judgments aggregating $40. 600.
The liabilities are $4,000. and the assets
.arae. The failure is attributed to poor
collections
The banks are using every possible de-
vice to secure bills to brokers at a premium.
The banks are refusing TO cash checks
unless they are well satisfied there is a
necessity for the use of currency. De-
mandS from the interior are very heavy,
but are generally refused. although the
banks are held to be supplying every
legitimate demand both in and out of town.
The sub-treasury to-day refused to pay
out silver dollars Oh presentation of a
number of $1,000 ereenbacks. The full
limit Of silver certificates has been issued
against silver dollars coined according to
law, and only silver certificates or treasury
notes will now be redeemed in silver On
demand.
CHICAGO, Aug. flames H. Walker &
Co., dealers in dry goods. one Of the larg-
est firms in the city, confessed judgment
to-day on note for S5495. A receiver has
been asked for. The amount involved is
So O00.O00.
W. a. Mason and the Chicago Title and
Guarantee Trust Company were appointed
receivers. Tomorrow a third party will
be selected TO act with the other two. This
settles the dispute between the members
OF the firm.
DENVER. Aug. A receiver has been
appointed for the Equitable Accident H.
surance Company. Outstanding risks
S6,000,000, reinsured with Union Casualty
Company. Trouble among the stock
holders caused the failure.
| ST. PAUL, Aug. 4.-The closing Of the
doors OF the German American National
Bank this morning caused some with
draWal OF funds from the other banks, but
IheIe Is no particular excitement or runs
on. ms morning the Peoples Bank, with
acapltal OF 100000, suspended. There is no
statement. The failure is not considered
! important.
The West Side Bank, with a capital of
100000, closed its doors at / O'clock. No
statement has been made, The hank off
cials say they expect to resame in n few
days. The Comptroller of the Currency
appointed Daniel W. Lawler of this city
to take charge of the German-American
Bank.
FALL RIVER, Mass. Aug. 4-This morn.
ing Mr.. Bourne Mills put Into circulation
payroll checks, of which the following ia
a sample:
Pay to bearer in Clearinghouse funds
SIS and charge that amount to the account
of Bourne Mills.
GEORGE A. CHACE, Treasurer"
These checks are intended to meet tho
situation resulting from shortage in cur
repcy and will probably be accepted bv
The other mills will follow the example of
the Bourne corporatlen.
PHILADELPHIA, Aug. 4.-John Bromley
& Sons and Doal & Son, worsted goods
manufacturers. and john Blood & Bros.
hosiery manufacturers. have cose1 their
plants. Four thousand men and girls are
Idle.
MIIWAUKEE, Aug 4.-Washington
Recker. as receiver of the Wisconsin Marine
and Fire Insurance Company Bank. has
begun suit IN the Superior Court against
John L. Mitchell, David Ferguson and
John johnson to collect unsecured PROM
issory notes aggregating 100000.
JAMAICA, L. l., Aug. 4.-Frederick W.
Dunton, president of'tbe Bank OF Jamaica,
New York and Brooklyn Suburban Invest
ment Company and tho Boynton Bicycle
Railroad Company, has made an assign
ment. He was one of the largest investors
In reai estate in Queens and Suffolk coun-
ties. The assets are more than enough to
cover all liabilities if not forced upon the