Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1893-07-29
PROSPECTS BRIGHT.
rhe Financial Situation as Reviewed at
the Treasury Departments - National
Banks Make an Excellent Showing-some
Eailmrea Rcnnrtnd.

the treasury department, the week be-
gins with brighter financial pros
poets. A number of the recently
failed banks are taking the neces-
sary steps to resume, and Comptroller
EclSels is lending them all the
aid possible. He was notified during
morning that the failed First national
bank, of Kendallville, Ind, and the
failed Northern national bank, of Big
Rapids, Mich, would probably re-
sumo this week. The First ma
tional bank, of Santa Anna, Cal,
which resumed business on Saturday
after short suspension, received in de-
posts 900 while the Withdrawals
amounted to only $4,000. This is re-
garded as an evidence that confidence
is being practically restored on the Pa
citc coast.
Comptroller Eckles says sufficient
number of national bank requests have
been received under his last call to
form basis of estimate of the gem
eral condition. He says the showing
is excellent that the condition is
as good and in many places bet
ter than ever before. A general
increase nof reserves of from
to per cent. is shown. Mr.. EclIels
says these reports demonstrate that
the banks properly conducted are upon
a sound basis and that the failures are
only of weak banks. 1t is proof, he
adds, that the system is being purged
of banks badly conducted-those that
are run as aids to other schemes
MILWAUKEE, July a5.-There was not
mn x.ntt 10, ,nt,t nt la h,,, lie
Monday, and there is a feeling that
there will be no more big runs unless
something unusual should happen.
During the morning the Merchants ex-
change bank paid off a large number
of depositors and there was quite lit
tie gathering in the Mitchell bank. The
crowds melted before noon, however,
and during the afternoon there were
few people in any of the banks ex-
cept regular customers doing their
usual business. There is said to be "A
strong probability that the Milwaukee
national bank, which closed Saturday,
will resume business shortly.
CoNNERsvLLE, Ind, July 25.-The
| Citizens bank, owned by eX-United
States Treasurer Huston, closed it's
| doors Monday morning. The liabilities
are S150,000. Mr. Huston posted a
notice that all claims would be
paid in full and that his en-
tire estate would be held for the
benefit of depositors. The total assets
will amount to half a million dol
lars. Mr.. Huston offered indianapolis
parties 100000 collateral securities for
the loan of S15,0 900 a short time ago, but
was refused The other banks did not
encounter ''runs," and everything indi-
Gates that people are confident that Mr.
Huston will soon resume.
MEDFoRD, Wis, July 25.-The Taylor
county bank has failed and Cashier
Matt has fed 1t was the depository for
the county and city funds. Hermann
Matt, the cashier, was the county clerk
and school treasurer, while Theodore
Hartman, the president, is mayor. The
bank is stocked for $4,000, owned by
| Hartman & Matt The assets are
| given at $4,000. AS near as can be es-
timated the county funds on deposit
amount to $4,000, while of the city mon
| ey there is about $4,000. Mr.. Hartman
says he will turn over all the property
| he has to save the creditors of the bank
| from loss.
| WAsHINGToN,Ju July 25.-Since the 1st of
January nearly 200 national banks have
| closed their doors, against less than
! fifty during the same period last year
| Of the failures this year five nave been
United States repositories, as follows:
The First national bank, of Little
| Rock, Ark; the Gate City National
bank, of Atlanta, Ga; the Peoples ma
tional bank, of Denver, Col. the Ger
man national bank, of Denver, Col,
and the Kentucky national bank, of
| Louisville, KY.
SYRACUSE, N. Y, July 25.-The extern
| sive manufacturing firm of Bradley &5
Co. went into re ceivership Monday
afternoon. Judge Vann appointed
John Dunn, Jr.,, receiver. The firm
manufactured triphammers, wagons
and fancy carriages and filters. The
building and plant are valued at $780,
900. The liabilities are about $3.50, OOO
The judge issued an order allowing the
receiver to continue the manufacture
| and the sale of the stock on hand.
| CHICAGO, July 25.-The firm of Park
hurst e Wilkinson, iron merchants at
l4S to 1854 Kinzie street, failed on Mon
|
81 ,000,O 900. Parkhurst & Wilkinson were
among the leading merchants in their
line in the United States and had been
established for more than a decade.
Slow collections due at the bank is the
cause of their trouble.
| BALTIMORE, Md, July 25.-The South
ern Electric company, one of the big
enterprises of this city, made volun-
tary assignment Monday to Morrill, N.
Packard. Failure to collect overdue ac-
counts made it impossible for the COM
pany to meet it's obligations. The as
sets of the concern are estimated at
$175,cQO; liabilities, 100000. Mr.. Pack
ard filed bond for $500, 900.
LOUISVILLE, KY, July 25.--The Louis
vile national bank suspended payment
Monday afternoon. The bank has a
capital stock of 100000 The an
nouncement that the bank had closed
for business was not unexpected. The
bank found that it was impossible to
| raallze on the assets pyyinu IN tho fna n