Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1893-07-04
CONCERNING BUSINESS AND FINANCE.


ALBUQUERQUE, n. NJ, July 3.-The AL
buoueroue National Bank closed its doors
this morning. The suspension will cause
no loss to depositors, as the suspension is
temporary and even if otherwise the bank
has not only paid upicapital Of Sl75,OOO but
a surplus of $50, 600. Cashier e. Z. Hall
stated that the liabilities of the bank are
S275. .O00 assets $4200000. The New Next
co Saving Bank and Trust Company also
closed, but they say depositors will be paid
in full.
DENVER, July 3.-H. o. Nevin, Of the
Nevin Commission Company, left here
Saturday night for the East, ostensloly
for a visit to the World Fair. To-day his
chief clerk received a telegram from Chi
cago TO close up the Office and suspend
business, as he had no money with which
to meet his obligations He was doing
large business and took with him the mar
gins of several hundred customers who are
this afternoon swearing out attachments
against his blackbOar and several dozen
chairs. His liabilities are given at about
Sos. 600. The Nevin Company was the cor
respondent Of Kennem, Hopkins " Co, OF
Chicago.
CHICAGO, July 3.-On an attachment
writ obtained in the Superior Court the
Sheriff Is in possession of the Tattersnam
Tournament property. The Monahan Bot
tling Company is plaintiff. 1t alleges
claim of g 200 for supplies, and declares
that the defendant is about toviolate sea-
son contract for supplying food.
The company attached has been giving q
series of military tournaments in build
ing down town. and was about to remove to
other quarters at the Worlds Fair grounds.
The serving of the attachment writs on the
concern almost caused riot in the build
ing The scarlet-coated English soldiers
resisted the service OF the writ, and IN the
end mounted their horses and galloped of
toward the new quarters, leaving little for
the officers 70 take.
The latter, under instructions OF the
sheriff went to the Worlds Fair grounds
10 collect the levy.
bnADvILLE, Col, July 3.-Before the
hour of opening to-day an immense CROWD
gathered for run on the Carbonate and
American banks. The directors Of each
bank had long been anticipating it, and
their managers had made such prudential
preparations for the emergency as was in
their power. The Carbonate was soon
filed with an eager crowd OF depositors all
showing more or less anxiety. The paying
teller handed out the funds as fast as checks
were presented, however, and the process
of disbursements was steadily continued
until near noon when the rush at this inSti-
tuition almost entirely ceased. Presi-
dent Dougan, of the Carbonate,
said: 1--WE have funds in our
vaults to meet every demand, and / intend
that all who wish their money can come
and get it.n At the hour for opening Of
the American National this placard was
posted: Owing to ourinao oility to realize
upon frst-class securities we are
compelled to suspend payment for a
few days All depositors will be paid in
full" At noon the following communica-
tion was furnished by the directors: For
the information Of our depositors we desire
70 make this statement: Resources,
1886 1874; liabilities $Sl2, ,625: excess $l93, ,49S
"This is the showing on our books Satur-
day, July lst at close Of business. Owing
to the stringency all over the country we
can not at once realize on our securities,
but our depositors will be paid in full"