The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-05-13
BANKS GOING TO SMASH.
Branches Of the Chicago and Indian
apOliS Concerns Closing.


to Close Their Doors-The Liabilities
and Assets in Most Instances Do
Not Represent Large Amounts.
Some of the Officials Not to Be
Found.
Cincinnati, May 12.-The private bank
ing firm of Dwiggins, Starbuck & Co. has
failed.
THE DUNKIRK BRANCH GOES.
Portland, Ind, May 12.-The Dunkirl1
National Bank Of Dunkirk, owned and
controlled by Dwiggins, Starbuck & Co.
of Chicago has failed. Its liabilities are
at least $4,000. The firm owns number
of other banks and these are reported to
have gone to the wall.
A CRASH AT CHARLEvoIX.
Charlevoix, Mich, May 12-W P.
Brown q Co, bankers. doing business
under the name of the Bank of Charlevoix,
have made an assignment to Il. w Kane.
No statement has yet been made as to the
cause of the suspension.
BANKERS SKIP TOWN
Paw Paw, Mich, May 12-Great ex-
citement prevails at Lawton. The mana
gers of the local bank did not open the
institution this morning, having left town
last night. Citizens have some $4,000
deposited in the bank.
TWO SHUT UP IN INDIANA.
Kokomo, Ind, May 12.-The state
bank of Bussiaville did not open its doors
this morning. 1t was small institution
controlled by the Columbia National
Bank of Chicago. Some of the stock is
held by farmers in the vicinity. The
officers claim that neither the depositors
or stockholders will lose anything.
The bank of Greentown has closed its
doors. The suspension is due to the sus-
pension of the Chemical National Bank
Of Chicago.
CAN'T FIND THE OFFICIALS.
Toledo, o., May 12 49, The Ottawa
County Bank at Elmore, branch of the
Chicago Columbia, has closed it's doors.
The bank officials are not to be found
HERE ARE THREE MORE.
indianapolis, Ind, May 12-The branch
banks of the Columbian National at
MoreystOwn and Greenwood are said to
have failed, The Moreystown bank is of
considerable Importance, having a capital
of $75, 600
The Farmers and Merchants Bank Of
Geneva, Ind, closed its doors eat noon. 1t
was the oldest institution of the kind in
the town.
The Bank of Spiceland of Spiceland,
Ind, suspended to-day. The bank was a
state institution, with $4,000 capital, of
which $4,000 was subscribed for Dwig-
gins, Starbuck 81 Co. of Chicago. The de
posits amounted to $50, 900, and the loans
were something more than that.
MoNRoEvTLLE IN LINE.
MonrOeville, Ind, May IA bank
here, which was branch of the Chem
ical National Bank of Chicago, closed its
doors to-day. A statement as to the con-
dition Of the bank cannot be given.
MONTICELLO FEELS THE CRASH.
Monticello, Ind, May 12-The Com
mercial Bank of Brookston closed today.
| The principal stock is owned by the
Dwiggins syndicate. Efforts are being
made to have receiver appointed to pro-
tect the depositors.
A Lynching Rumor.
Columbia, S. c., May IA report
reaches here late tonight to the effect
| that the negroes of Barnwell are gather
| ing together to lynch the colored woman
who swOre away the life of John Peter
son before the mob
FEARED RUN.
| Morristown, Ind, May 12-The Com
mercial Bank of Morristown closed this
morning from fear of run. There is
| confidence in the ability of the managers
to bridge over the difficulty and resume
| business tomorrow. No uneasiness is
felt by the depositors
ROCKFORD BANK CLOSED.
Grand Rapids, Mich, May 12.-The
private banking institution of Paris &
Nave, at Rockford, Kent county. closed
its doors this morning upon order of the
IL
bank did lively business among farmers.
Nothing is knOwn.of the bank S condition.
except that it was affected by the failure
of the Capital National Bank of India
napolis.
CONVOY BANK sUsPENDs.
Convoy, o., May 12.-The Farmers
Bank of Convoy, o., closed its doors to-
day, caused by its relations with the Co
lumbia National Bank of Chicago. No
statement of the banks condition has
been made A card on the doors states:
This bank has suspended"
DOORS SHUT AT EDwARDsBURG.
Edwardsburg, Mich, May 12.-The
Citizens Bank Of this place closed its
doors this morning. About $25, ,000 of 10
cal deposits together with township and
school FUNDS, are affected II was
branch of the Chicago Columbian.
PAYMENT IN FULL PROMISED.
Richland, Mich, May 12.-The Union
Bank, a branch of the Columbian of
Chicago, closed this morning. Cashier
Watts says that depositors
will be paid in full and
the bank running again in two or three
days.
HEBRON BANK FAILS.
Hebron, Ind, May 12.-The Citizens
Bank Of Hebron closed its doors to-day.
The suspension was caused by the Colum-
bia National failure.
WHISKY DEALERS FAIL.
Louisville, KY, May 12.-The whole
sale whisky firm of w. II. Thomas g. Sons
suspended payment this morning. The
suspension at first caused some excite
ment, which quickly subsidized when it
became known that this action was the
result of dullness of tho whisky trade
and the tight money market. The differ
ent bankers with which the firm have
done business place the excess of assets
over Liabilities at $150OO0 to $500 600