New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-07-30
STILL THE BANKS GO DOWN.
MANY SUSPENSIONS IN TIE WEST.
THREE rs PORTLAND, ORE OTHERS IN WIS
CONsIN, MICHIGAN. ILLINOIS. OHIO
AND KENTUCKY.

AND KENTUCKY
Portland Ore. July :9.-The Commercial National
ramk Portland savings Bank and the AlnSwor'i
National Bank failed 10 open their doors this morn
ing With the exception OF a slight run on the
First National the largest bank In the city, there
+ no excitement The Commercial National ana
the Portland savings Bank are under the same man
arcmen A notice posted ,on each OF the suspended
banks says:
This bank is forced 10 temporarily suspend owing
TO the heavy withdrawal Of deposits during the last
sixty days and inability to realize securities De
positors will b. paid in full
The Commercial National Bank has paid up capital
stock OF S2J0.OO0. The Airsworth National has
capital stock Of 100000 The statement OF Tn"
Commercial National and the Ainsworth National pub
lISlcd Juy II shows resources rs follows com
mercial ~ $50 900: Ainsworth, S6s7O00: deposits
Commercial. II .455. 900 Mnsw0rth. $Ii7,0OO.
The Ainswor,h National Is United states de
po>itory. No statement has yet been made oil the
condition of the Portland saving. Bank II mas
capital stock OF s2GO COO, with surplus OF f2o2'-
900.
Milwaukee, July 29.-The Commercial Bank oil
Fun Claire Wis. did not open lis doors TINS morn
ing. Notices were posted that the bank was In the
hands of ryron A. Burlington. as receiver The
closing due to the continuance Of heavy WITHDRAWALS
and the inability 70 realize on securities. Inc 'oni'
ical is Il popular savings BANK throughout 'h'
chippewa Valley. 1t has capital OF S1oooo Runs
were started ON the National Bank Of Eau Claire" the
Bank of Eau Claire and the Chippewa Valley Bank
but were councrnctcd by heav, deposits by many
leading business men. These banks are remaining
open after hours.
Grand Rapids Mch July 20-Local creditors yes
terday were advised OF the closing Of the c. W.
chaplin d Co. private bank at stanton. Montcam
County. owing TO rush OF dcpoNi,orS for their cash
No statement OF the assets and liabilities 'aN been
given ont.
bal. TuIv a. nn Iir- National u
this city failed to open It's doors this morrir,. y
notice posted the doors states that the assets are
ample to meet all claims The bank has 4 paid mp
capital OF 10000 an. large surplus. Il was
organized in ISL The bank carried large line
Of customers and has been, and is still. cond' rcd 10
be all right. f. Cobb. the president Of the bank. Is
the heaviest stockholdcr and /, wealthy man II is
probable that the bank will resume in short time.
The Merchants National OF Chicago and the Amer
lean Exchange National Of cw-Iorh are It's COR
respondents.
Chicago JULY 0.-s,cvcns 4 Eoss. who did h,sI-
mes, In II small way AT No 2o1 Fifiy hnh-st. under
th. name of the south Park Bank. failed today
When tho dcposors called at the bank this morning
they found Il care. the door which announced ::
This bank /, closed l,y order 81 IA" court. The
failure Is II small and will cut 10 figure In
financial circles.
Covlngion. Ind. July 2o.-1hc Farmers and Mcr-
chants Bank Of this city closed mp yesterday. Ia
uipd states Treasurer N"l"kcr j. III" president.
Youngstown, Ohio Jul; 29.Much Excitement pre-
vail, throughout IA. cily this morning account Of
a report which spread quickly that IN" Dollar savings
bank had failed The report was circulated In
the east end 81 the city last night. and when the
bank Opened II doors hi, morning there was crowd
Of about 300 pcop. waiting TO Abundance. Inc
rumor was without foundation. but those Who wanted
their m0ncy got IT, The fears OF the crowd were
allyed and the run did not Inst long. \ small run
was made on the Mahonng National Bank yesterday
afternoon, but stopped
Akron, ohio July 10 The Citizens savings and
Loan Association of Akron closed its doors this
ing. The cause given WAS constant drain upcn
rcsourc BY the drawing out OF deposits. The bank
Is regarded in perfectly sound condition, and VIII
uay dollar Tor dollar. The capital stock j. TloOOOy.
Wiih $50 900 surplus. The company Was organized
surprise In Akron. II, officer, are Major +. stein
baccr, president John Wolf. vie, president. ana H.
&. \ipc, treasurer.
Louis,ills. KY. July 21.-1h" Pncvili" Banking
Company at Pincvc. closed III doors yesterday. II
was considered the best bank in Southeastern Ken
lucky. The pre- ient will surrender all hi individual
property to help the bank out. 49,.
trenton. y. j.. july 23.A run commenced TINS
morning on the Trenton savings Bank, aud bv noon
about so 600 paid out The bank T. one Of the
strongest In the Statc, having n clean surplus %
s2Gs 900. The money paid OUT this m0rnlnc was In
new silver dollars Just received from the Philadelphia
mint. All the Trenton bank, IN excellent shafr
Waltham saving Bank have voted to requir, thirty
days notice Of the withdrawal Of AL deposits over
$50 in amount. and seven days motto, on the With
ORA wal OF smaller amounts.