The times. [volume] (Richmond, Va.) 1890-1903, 1893-08-05
worst. as The people are greatly excited
over this failure.

worst. as The people are greatly excited
over this failure.
LEBANON. PA, August 4.-The Leba-
non Trust and Safe Deposit Bank failed
TO omen its doors this morning The an
nouncement made was: This bank is
closed by order Of the directors" The
bank is a State institution, with a capi-
tai Of $4,000
ST. PAUL. MINI, August 4.-The
Peoples Saving Bank, one Of the small
concerns Of this city, closed it's doors at
noon to-day.
WASHINGTON. d. c., August A.
Treasury officials are advised that the
National German-American Bank, Of st.
Paul. Mimi. capital 5000 600; the First
National Bank. Of Hammond Ind, capt.
tai $4,000 and the Citizens National
Bank. OF Muncie, Ind. capital 100000,
closed their doors 10 business this morn
ing. Bank Examiner Cannon, on orders
from Washington closed the Texas Ma
tional Bank, Of san Antonio. Texas, to-
day. Comptroller Eckels has authorized
the Farmers National Bank, Of Henri
eta. Texas 10 resume business.
NEW YORK, August 4.-Messrs. Par
rott Bros. members Of the Cotton Ex-
change. have announced their inability
NEW YORK. August An. l.. Corte Il
Co.. importers Of tn, tin-plate and other
metals. made an assignment to-day. The
liabilities nre about $4,000: the assets
are large. but the actual amount cannot
be given.
S. Jacoby & Co, cigar manufactures
failed to-day The liabilities are $4,000,
with large assets.
ST. PAUL MINI, August 4.-The tenn
porary suspension OF the German Ameri-
can National Bank last night, although
not unexpected in banking circles was
a great surprise 20 the general commu-
nifty. SO confident are the people OF the
strength OF the remaining banks that, al
though some depostors are quietly with
drawing mOn& from n few banks, there
is no particular excitement or general
run on any Of the banks. The savings
banks FOR several days have been enforc-
ing the sixty day rule. although most Of
them have abundant resources for any
emergency. The failure OF the Seven
Corners Bank on Tuesday attracted lit
tie attention. as Il had been known 20 be
weak for months Some OF the banks
had helped az times but felt at the pres
ent time a dislncllnatiOn 10 continue their
help. which seemed only 10 postpone the
failure that finally came. But the clos
ing OF the German-Amercan Bank last
night was Of a different character. 1t
and it's predecessors have been in the
city as institutions for years. the first or
ganization having been effected in 1856.
and all subsequent changes strengthening
and enlarging the bank, which now has
100000 Of good commercial paper, its
banking house and property besides. worth
az least 100000. and other assets. which
will make 100000 more, or a total Of
$5.00o000.
The Peoples Bank, Of a capacity Of
500, ,000 suspended, but no figures have
as yet been given out concerning IT, The
failure is not considered an important
one.
DENVER, COL, August 4-Charles b.
Mason has been appointed receiver Of
the Equitable Accident Insurance Com
pany. The outstanding risks amount to
5000 900. and have been reinsured with
the Union Casualty Company. which. II
is claimed will fully protect them
MANKATO. MINI, August AT noon
to-day the First National Bank closed it's
doors. At 1.30 p. NJ. Tie National Citi-
Zens Bank did the same and fifteen
minutes later the Nankato National Bank
followed suit All three banks are sol
vent. and the suspensions are expected to
be temporary only.