The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1893-08-03

DAY AUGUST 5, 1893.
realize on securities. Depositors will
be paid in full. The Commercial Ma
tional has paid up capital OF $780,
900; Ainsworth National SlOO,OOo
Statements of the Commercial
and Ainsworth, published July
u, show resources, Com
mercial, $l,95O,OOO; Ainsworth,
1857 900; deposits, Commercial, 81 ,455,-
900; Ainsworth, $4,000 The Aims
worth is United States depository.
No statement was made of the condi-
ton of the Portland Savings bank. lt
has q capital stock Of $3.50, 0CO with
surplus of $220,000
CUTTING DOWN FORCES.
WALTHHAM, Mass, July 29.-Ihe
Waltham Watch company's foreman
was interviewed by the president to-
day and given Instructions as to re.
ducing the working forces. In some
cases this will be cut OF 5O per cent.
In all 1900 will be thrown out OF WORK.
Letters received today from the Elgln
factory report the situation even
worse than Waltham. Sixteen hum
dred watchmakers will be laid OH
August l and the pay roll will be
reduced one-half. The concern is all
right financially, having a surplus OF
ST ,OO0, 900 undivided profits. In the
discharge of hands as far as possible
those will be- retained who have fam
lilies and the ones dis .harged will be
taken on whenever business prospects
warrant
WANT A RECEIVER.
PITTsBURa, July 29.-An applica-
ton was made in the United states
circuit court today by Treasurer
Luther Park for the appointment OF a
receiver for the New York, Lake Erie
and Western railroad as supplement
to the bill filed recently in New York,
John King and John s. Mccullough
were appointed receivers.
RUN ON A SAVINGS BANK.
NEWARK, July 29.-There was a
run today on the Howard Savings in
stitution of this city. Officers of the
bank say they have plenty OF money
Oh manu- W pay all uoLhohus'
AN OHIO SAVINGS BANK.
AKRON, July 29.-The Citizens Saw
ings and Loan association OF this CITY
closed this morning. Cause, a con-
slant drain upon the resources by
drawing out deposits. The bank is
regarded as perfectly solvent. Capt..
tai stock 500, 900 with 1000 surplus.
IN RECEIVERS HANDS.
EUCIAIRE, Wis, July 29.-The
Commercial bank, capital $4,000, has
been placed in the hands of Byron A.
Buffil as receiver.
TO FoRECLosE MORTGAGE.
ST. PAUL, July 29.-The Metropol-
itan Trust company of New YORK has
brought suit to for close mortgage
for So, 200 900 on the Wisconsin, Min
nesota and Pacific railroad, operated
by the Minneapolis and st. Louis rail-
way. Default of $500, 900 in interest is
charged.
AN ILLINOIS BANK CLOSES.
KANKAKEE, ILL.,, July 29.-The
First National bank of this city failed
to open its doors this morning. A
bU6duY Va iuhuD eohN III
ability to realize on paper was the
cause. Assets sufficient to pay de.
positors in full.
RECEIVER APPOINTED.
CHICAGO, July 29.-The Wolf Lake
Distilling company of Hammond,
Ind, has been placed in the hands OF
receiver. Liabilities, $lOO,OOO; as
sets about 100000
RUN ON A TRENTON BANK.
TRENTON, N. j., July ga run
commenced this morning on the Tren-
ton Savings bank. The bank is one
of the strongest in the state, having a
clean surplus of $288,OO0
SAFE COMPANY ASSIGNS.
HAMILTON, o., July 29-The Mac
Neale & Urban Safe and Lock COM
pany, assigned today. Assets, Sl6O,'
900; liabilities unknown.
Heavy Rain in the Southwest.
Special to The Statesman
SAN ANTONIO, July 29.-There was
general rainfall today over South
west Texas, breaking drouth OF two
months. The rain extended 10 miles
west and 80 miles north and south tt