The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1893-05-16
OTHER FAILURES.

| None of Much nsequenee in This Coun.
try-Heavy in Australia.
Sioux CRY, Iowa, May 16.-The Siouz
City Street Railway company, operating
thirty-two miles of electric lines in this
city, passad, into the hands of receive,
to-day after consultation with eastern
creditors. James #. Pesvy, president ol
the company. was named by consent. The
plant is valued At $1,00O,o00. Tho floating
indebtedness is $275. 900. Tho receivsrshir
Guilty of floating consolidated bonds to Sc
cure 1926, COO of fist mortgage paper.
Creditors consist the oompany's embaHrass
ment only temporary.
| M1NNEApoL1s May 15.-The Farmers and
Merchants state bank suspended pay mont,
the following notice being posted on the
doors: "PendiuR run this bank has sus-
few days." The stntenent shows a capital
of $4,000, surplus $1,000. Tho suspension
causes no surprise, a. ID has been looked ON
as weak for some. 1t should be noted that
this 10 not the Farmers and Mechanics Snv-
ing bank.
BRISBANE. May 15.-The Bank of North
Queensland and the Queensland National
ter at the last report were G8, 50O, 0OO. hall
OF which were from Great Britain. N'l
subsorip ption on, ital was GIG, 600, 600, hall
paid up. 1t has claimed a reserve of t500
600. 1t has b. anoh in Sydney. N. s. W.,
and various other places in Australia.
DENVER. May 15.-Wm. H. Mygatt.
banker and real estate dealet. assigned to-
bilities at $507. Tho principal creditor
in Denver is the National Bank Of Com
msroe, to which Mygatt owes over $40 600.
nv gait said that conse vative business mon
assured him his assets are really worth
moe than the statement filed.
LONDON. May 15.-Private cables an.
nounce ths suspension OF the CONNIE rcial
Banking com any. OF Sydnsv. N. s. w..
one Of the oldest banking concerns in the
antipodes. Capital 5000. coo, reserve $780,
| 600. There were many branches in Queens
land and Now South Wales. For this and
other reasons uneasinsss on tho London
| stock exchange Ia increasing.
LONDON. May 15.-R. Hodason & sons,
| the we'll known broke . mentioned a. failed
Saturday, have been helped over their diff
| fioulties. The stock exchange WAS nsrv-
ously excited, everybody was selling. So
far only two small houses have failed. but
several large houses are said 10 be involved.
TORONTO. May 16.-Ths Ontario Coal
COMPANY assigned to-day. Tho Nelson
amount Of parer held by IL being between
$3.50, 600 and 100000. The Ontario bank
10 interested TO the extent Of over $lOO. 600.
MILWAUKEE. May 1h-The PlaAkington
bank opened an hour earlier than usual
this morning. There was no renewal of
| Saturdays run and the furry seems 10
have entirely subsidsd. Deposits far sx-
ceedsa withdFawals this morning.
BRIspANE Nay l6.-lhs Permanent
Building and Loan association of this city
suspended payment day. The Nov
south Wales government has proclaimed
bank notes legal tender.
CIIcAao, May 15.-Ths directors Of The
bust Columbia bank met to-day and de-
oidsd to resume ~ soon AZ possible.
BosroN. May 15.-R. & J. Gilch rist Il CO..
dry. goods. assigned. Liabilities and asscts
not yet known.
New YonK. May 16.-The report OF the
Cordsgs receiver shows assets " SlO, UOO, 900,