The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-08-23
DON'T A

New York Business Men Prefer Small Bills
New Move by the Banks.
NEW YORK. Aug. 22.-The Assistant Treas
urer at New York to-day paid out over the
counter 81. 1872. $50. of which $4,000 was in
treasury notes and the rest in gold. Trans
fers of silver to- New Orleans amounted to
S35. 600, to be used in moving the cotton
crops. The significant feature or the sub
treasury operations was the fact that
nearly as much silver was paid in
to-day as was paid out. which seems TO
show that. in spite of the great demand tor
currency, silver cannot be forced into
actual circulation as long as small bills are
O~btainable. even at u premium. The suit
treasury counted to-day about Sl,OOO,O 600
gold for the I'M portere. One consignment
of $450. 000 in gold was sold to q Baltimore
bank al 149 per cent. bnt at the close gold
to arrive was offered at y of l per cent.
The currency famine has led several
banks to discriminate In writing up their
accounts and making payments thereon,
etwee deposits of cash and deposits OF
checks. The Southern National. to- day,
sent It's customers the foilO notice.:
During the present scarcity of currency
this bank will keep separate accounts OF
deposits made in cash and deposits
MADE in checks" Customers are re-
quested to stamp all checks drawn
against deposits of checks. payable only
through the New York clearing house.
Cash will be- paid against cash deposits.
MIR. Flanagan. president of the bank. said
that he had sent out the notice OF his own
accord and without consultation with
other bankers. The Bank of New York was
reported TO have taken similar action.
Busin. So Embar. assments.
New YORK. Aug. 22.-S. Sykes & Co..
Wholesale clothing dealers. AT Nos. l. 3 ana
3 Lafayette place. to-day assigned to NJ.
Marley Platzek. with preferences for over
800. OOO. Assets, S4UO. O0O; Liabilities. $780,
UW..
benjamin Crane. dealer in pearl buttons.
to-day assigned to Louie L. Mbiteman.
with preferences for 81. $50.
CLEVELAND, Aug. 22-The Ohio Stone
Company, of this city, went into the hands
of II receiver this morning. Assets. about
$500. 600; liabilities. about $3.50 O00. The
action was taken because OF inability to
meet the obligations owing to the financial
stringency. l.. Z. Haldeman was appointed
receiver.
BosToN. Aug. 22-Godfrey Morse was. TO-
day, appointed receiver for the we'll known
mems furnishing goods firm of We'll, Drey-
fus & Co.. of this city. The members of
the firm have had a Disagreement ana are
unwilling to remain together in business.
1t is understood that the firm is solvent.
MILWAUKEE. Aug. 22.-The Butler Muel-
Ter Company, dealers In lumber, has as
signed TO Charles II. Ellis. The assignee's
bond IS for Sl63, 600. X. ID. Butter is presi-
dent aud X. q. Mueller secretary and
treasurer.
EVANSVILLE. O.. Aug. 22.-Samuel w.
Clark. the leading lumber dealer of Zanes-
Vile. made an assignment to-day. Clark's
resources are about Sl50. 600, which will
cover his liabilities. Inability TO make COL
~lections was the cause of his embarrass-
ment.
WATERLOO. Ia. Aug. 22.-The private
bank of j. Il. Knapp 81 Co.. of Cedar Falls.
Ia, failed to open its doors this morning,
A complete assignment of the affairs of the
institution was made later.
DOVER. n. H.. Aug. 22.-Vsrnges &
MOony's shoe shop st Alton. which has had
. pay roll Of $50. 600 yearly for ten years,
closed tonight indefinitely because of ill.,
ability TO make collections.
CLEVELAND. o., Aug. 2.-J. @. Richards
* Co.. music publishers and dealers In
musical instruments. were placed In the
hands of a receiver to-day by Boston
creditors.
MILWAUKEE, Aug. 22.-The bank of
PlaintieId, Wis. owned by II. n. Drake.
suspended payment yesterday. No state.
ment OF liza bilities and assets has been given
out.
CARBoNDALE. ILL.,, Aug. 22.-The banking
firm of Richards Il Campbell made an as
this morning. The assets are
S45, 600; liabilities, S42. 600.