St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-06-03
FINANCIAL WRECKS.
Stationery Manufacturers Drawn
Down by the FURRY.

Stationery Manufacturers Drawn
Down by the FURRY.
Boston. June 2.-The Thorp & Mat
tin Manufacturing company, manutact-
urers of stationery etc, IA Milk street,
with factory at 113 Purchase street,
has assigned. No exact statement of the
company's financial condition has yet
been prepNed. but the liabilities are
said to be about 1925. ZOO. The nominal
assets are understood to be about $780,
000, but subject to considerable depreci-
alton in case of immediate conversion
into money. Mr.. Thorp is liable as
indorser of large amount of the CON-
pany'S liabilities, and has made an in
dividual assignment.
CHICAGO. June 2.-Cheverton, Martin
& Co., private bankers. made a volun-
tary assignment today. Assets were
scheduled at 100000, and liabilities at
$4,000. According to M. S. Martin. the
junior member of the firm, the failure
is due to the unsettled condition Of the
money market.
TACOMA. Wash, June "A heavy
run Oh the Tacoma Trust and Savings
bank and most of the other banks in
the city continued today because Of the
suspension yesterday of the Merchants
National bank. All demands were
promptly met, and no further trouble is
feared.
WASHINGTON, June 2.-The total net
gold in the treasury at the close OF bust
ness today was SOL, 429,271. This does
not take into account the gold engaged
today at New York for shipment to-
morrow. No advices as to how much
was engaged had been received at the
treasury at the close of business. Be-
cause OF the heavy shipments of gold
from New York Secretary Carlisle has
ordered gold shipped from three other
subtreasurieS to New York to keep up
the supply, and this gold is EOW On its
way to New York.
SIOUX CITY, To-, June 2.-Harry K.
Webster has been appointed receiver OF
A. j. Ames' broken bank at Beresford.
His first statement shows liabilities of
$4,000, with assets, face value $4,000.
TOLEDO, O., June 2.-C.W w. Bond was
this afternoon appointed receiver for
Isaac d. Smead Il Co. to take charge Of
the personal affairs of Isaac y. Smead.
This action in no way affects the Smead
Heating and Ventilating company.
NEWARK, N. j., June 2.-Judge Kirk
patrick was this morning appointed re-
| chine company.
WASHINGTON, June "A committee
consisting of Messrs. Bennett and
| Strait, representing the failed Che mical
| National Bank of Chicago, had con-
| ference with Comptroller Eckels today
with view to the bank reSuming bust
ness. They were assured that il they
could present evidence insuring the
stability of the bank in the future they
would be permitted to resume.
| MILWAUKEE, June 2.-Assignee Will
lam Plankinton, of the Plankinton
bank, assumed official charge of that
institution this morning. A feeling of
security to all depositors pervades the
atmosphere today, as the appointment
| of MIR. Plankinton gives assurance that
every dollar due depositors will be paid
as rapidly as it can be legally done.
The failure of the bank has caused a
nervous feeling among small depositors
in other banks, and many are withdraw
ing their money. A small run occurred
on the Commercial bank this morning,
but the institution is OH sound basis,
and can withstand all demands.
PAULDING, o., June 2. = Potter's
bank, the oldest bank in Paulding
county, and heretofore considered one
of the safest, closed its doors this morn
| ing. The bank was established in 1874,
and has always done a large banking
business.
GLOUCESTER, Mess. June Ed
| ward HodkisS Il Co., fish dealers, have
made an assignment, with liabilities
estimated al $500 and assets small.
| %EE-