Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1893-07-22
SORELY Tried.
Kansas City snnks Forced to stand .
Heavy Rui --~n Demands Promptly Met,

Heavy Rui --.n Demands Promptly Met, |
However-suslness Troubles at Other |
| Points.
| KANSAS CITY, Mo, July 16.-Satur-
day was a trying day for the banks of
Kansas City but they weathered the
storm admirably. The failure of the
National bank of Kansas City rive min
utes before closing time Friday created
a very paniclzy feeling and all the
bankers opened their doors Sat
urday morning expecting ''runs"
of more or less consequence. The
publication of the statements of all the
banks in the morning papers was calcu-
lated to restore confidence. The banks
were prepared as well as could be to
withstand any attack and as soon as
the doors of the Bank of Commerce,
the Missouri national, the Met
ropolitan, the Union national and the
Midland were thrown open the people
began to collect about them and many
drew out their deposits. Only, how
| ever, in the Bank of Commerce, the
Missouri and the Metropolitan were
there any well-defined runs, and these
banks withstood them successfully.
A run by heavy depositors caused the
suspension of the Northrup bank, the
oldest financial institution in Kansas
City, Kan. The assets are placed at
s4T5,0OO, with liabilities amounting to
$315, 900.
The Armourdale bank at AS Kansas
avenue, Armourdale, suspended pay
ment at 3 o'clock in the afternoon and
was placed in the hands of Bank Com
missioner Breidenthal of Kansas. The
liabilities are $4,000 and the assets
about double that amount.
A number of the Kansas City banks
kept open until 8 o'clock, but very few
of the depositors availed themselves of
the opportunity to withdraw their
money. The banks are amply prepared
to meet any further demands made
upon them, but it is thought that the
furry is over and the excitement ended.
CLEVELAND, o., July ia dispatch
from Ishpeming, Mich, says that the
Schleisinger, syndicate, the largest ore
operators in the world, are in difficulty
owing to the depression in the
, trade. Adolf Schleisinger, one of
the organizers of the syndicate,
says the output was reduced % per
{ cent. some time ago. All the mines
are in Michigan and the central of
fee is in Milwaukee The plants
owned by the syndicate are: The
Chaplin Mining company, the Buffalo
Mining company, York Mining COM
pany, Arogan Mining company,
Claire Mining company and Sunday
, Lode Mining company. These individ.
ual companies, all owning mines, were
| consolidated 1,,-S 1aic
t niger Brothers, and. it is said, on insult,
' ficient capital 1t is also said the syn,
L dictate went too deeply into railroad
e building
: Schlesinger's properties have over
r s1,000,0 900 worth of paper held by Mil
e waukee banks, and it is considered
probable they will help him out.
: Schlesinger began operations four year:
: ago and has cut a large figure in the
t iron trade. He was embarrassed ter
: years ago, but sold the Escanaba, Iror
e Mountain Il Western railway to tn,
S Chicago & Northwestern railway anC
t pulled out of difficulties. If mat err
/ cannot be fixed here it will probabl,
o lead to trouble at his numerous othe
e mines, employing nearly $500 men al
It told
/ PEORIA, ILL.,, July 19.-William 0ber
IS hauser's private bank failed Saturday
II much to the surprise of the community
The liabilities are $50, 422, agains
scheduled assets of S69,637. The as
signment is due to the loss of mon >,
in the American national bank at Kan
=. sas City, and it is the first to be mad
here during the present financia
=. 4 -@,l
y, lished institution. Charles Tehrman
! is assignee.
4 CARMI, Ill.,, July 17.-The old banl
70 ing-house of Hay & Webb has made
" general assignment to p A. Pearct
ID Assets, s2l6,267; liabilities, $780, OO(
n Hay & Webb have been in bushes
Iv here for thirty-five years and enjoye
j, the confidence of the entire community
Is Large loans on long time, large sun
If invested in real estate and the striI
In gency of the money market caused til
to failure. All creditors will be paid
tn full
tie CHICAGO, July 17.-The George
n. Ludlow Shoe company made an assigl
m ment in connection with its failure
r Elgin. This is one of the largest Who'll
ut sale shoe concerns in the country
ed removed its factory and offices fro
be Chicago to Elgin January last AT
since that time has conducted its bus
ness in the latter city. No .fnanci
statement has been made.
New YORK, July 17.-Chancellor NJ
IL Gill at Jersey City has appointed job
So c. Paul, of Fairfield, n. j., receiver
the Garwood steel works. The cor
pany was originally a Boston concer
in The works are at Garwood, n. V, AT
er $500, 900 has been lost in following
'c new process in making steel car wheel
oo CHICAGO, July 17.-The Bouton Fou
NJ, dry company, located at Thirty-nin
ar street and Evans avenue made an a
nm signment in the county court Saturd;
,s in favor of the Equitable Trust comp
Mt ny. The assets are figured at $3.50
,n liabilities at $500, 900
air CINCINNATI, July II. : The Jol