The sun., 1893-06-14

derson and vico- President Kimball OF the Unto
Pacific. directors Of the bank. made speeches
GoGi Gank Examiner Ra; Mi ta j. n Grith is in charge
an an exnminsiion = The books The tlearini
House held a meeting last night and decidet
Tint i SppS ET shs ana hG
May 4 s9GwsS SssSn6,. csgr 5 @ stG's sq
plus, sloo99; Undivided g.a. profits. s5.lo1; due
dsESossih9mGssr hmsris.n 5SN savings Bank and tho Dim,
Savings Bank took advantage OF the sixty daJ
rule and refused 10 pay any dcpo:itors. The
'0i" he "ao dopO:i,s and held tho balance undsi
their rules; Tho run on the Omaha savings
bank sonPSd m II 1Gs Ss Ss Ssn
tho street in front President Man,lerson
msdc an attended speech 10 tho crowd at l
o'clock. and announced that the bank was
6ETnoiT. June iJ, For some time there has
by bI the en- .nGmSrous failures in savings In;titu-
tions throughout the country. Although un,
I'll this mcrnng there hnd p9s Sesh
able money hns been withdrawn and to fore
stall any movement that might result disas-
he t ocsrs @u of,hese n @ instutons H mot last nisht
and ndopted the following noticeto to depositors:
has ns.
&. S Sas st
na ns Ss ne NJ q n d
eide in the event OF unusual demands nI,on them and
n.s,s . 'a"s 70 al he Sss
several banks Wc would therefore Ak our aepG,so,s or
sisns. Sar .ssIqn ss,s isssn II 1nf mitna! inter
PEortxs SAVINGS RASK. MtnGAs shvIsGs BAsK. DE-.
rnoir sivise. R,sn. CrizxSs sAxSe, Bask nosr SAY.
BAsn Gssrn.L sAy'ses B.fk Dr,SoI Ev,a . sty,sas S
s .s. nss nsso hss s,.sS' ING s1s s
ASSOCIATION. STATE sArises B,sE.
When the doors of the Peoples Savings Bank.
one OF tho largest in Detroit, opened at 10
o'clock this morning, n great crowd Of people
flocked in with the intention OF withdrawing
Of nj nety days. This seemed to aIlay tho excite
Nj, W. Vi3riep President of the Peoples
Bank. said: There is really no occasion for
eastward. and savings depositors here. f"clIng
anxious about their money. have been quietly
F o daross s 4 nnd Gn oesns hs
up OF currency. We have taken this action to
allay fcnr and protect ourselves. i was not
Tor we could havo secured enough to have paid
every deposi!!or. but we did not think this tho
Tho petr@lt ElSstrical w2rks I2pt G GaS wSs sold
II. Wells bid that amount for liuGh NeMilian.
held mortgages to tn" amount OF S2OO,O0O. and
Judge Riley ordered the slo because of default
sven ea hG to H. Hn r money he fSi RaI
advanced. Mr.. McNi!!an, viii sell the plant at
once to Eastern persons. hut is not prepared to
give thoir names at present.
AT the PEOPLES Bank things began to quiet
down whom i was seen thcro, was no occasion
heavy deposits had much TO do toward quclling
the excitement. and everything Is comparative.
FeSSps savrs hS Ssp Bank to Sd ooo
O00. State Banking Commissioner Sherwood
Pronounces It t apl the other savings banks t IN
" : LANSING. Mich. Jun" 1a-The State Bank of
ta Mns
with Jas SaPtel Of $25d0Q. and had deposits Of
piled to the Circuit Court Tor the appointment
which failed several W al weeks ago An Order % was
made to show cause why such action should
ban bank % eesrs yet hope to 0o Obtain necessars
subscriptions to the capital to warrant re-
sAIT LAKE CITY. Utah. Juno 13.-The Park
Edward Kimbal The liabilities are Sl3O.UnU. |
shorty as FL. assignee
that thr depositors are to be paid 81 cents on
Kansas CRY. NO.. June 1a.-The Peoples
Guarantee Savings Bank made an assig N ent
Sestelrdny for the hcnent OF creditors The
and Il. assets s Se!%oen s5oVoo % d' and s656So.
Clarence Park Is President Of the bank. which
is said to have carried a line OF deposits OF |
5000, Tho failure caused no furry In lnan-
cial circles.
MANEATo. Kan.. June 13.-The Bank OF Burr |
Oak. Jewell county. closed its doors yesterday |
morning. 1t WAS owned By Hubert Brothers.
and the liabilities arc placed at s25.00O. The |
ms sets are practically nothing. c. D. Hubert.
one Of the, prorrietors OF the institution. hos
Ned. and BIS whsreahouts arc pnknown.
oldest clothing house In the State. made an
assignment last evening to Arthur Mandel-
baum: Liabilities, So. 900: assets estimated.
$4,000 Tho Exchange National Bank OF this
city and several OF it's directors are preferred
to the amount OF S22. 600. The remaining
creditors are In New York city.
COLUMBUS. o.. June 13.-The Franklin Buggy
Company has been nut In the hands OF a re-
ceiver. Mr.. w. S. $. Rodgers. II is the smallest
and youngest company In this bus siness IN
Columbus. Liabilities are stated to he about
$4,000. Assets will hardly cover that sum |
William e. Reynolds is the president. Tho
concern Is not making money. and the re-
ceiyership ts said to 10 intended TO wind up q
losing business on account OF tho tightness OF
the times. More goods had been purchased
than could be manufactured and disposed Of
prnhtably.
TORONTO. June 13-Gcorgc Pike the embez-
2ling accountant Of tho Imperial Bank OF this |
city, who was arrested recently In Kansas City, |
wns to-day sentenced 70 three months imnriS-
onment. Pike stole $4,000 which no lost in
speculation.