New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-07-28
TEN MORE BANKS CLOSED.
SIX OF THEM ARE IN STATES OF THE FAX
NORTHWEST.
,x,,,,,rv ro REALIZE on ASSETS THE CAUSE
OF THE SUSPENSION OF ALMOST ALL
THE rANK FAILURES FROM
NAY TO JULY %.

THE rANR FAILURES fho"1
MAY l TO JULY %.
Seattle Wash. July ca dispatch from Spokane
GAYS. 1.-THE First National Bank suspcn"'" pay
menr Yesterday afternoon. Its doors "os'u "L
n,clac, and The following notice posted owing
to continued Withdrawals by the deposh"rS' al" III
ability realize on securities, uIiS "'"" nv
rariiy suspended payment.
"TLe spokanc Savings Bank. which Is cohhe'''"
with the First National WIS closed al 'he 'o ''''0
In few minutes the news was geherahS ho"
throughout the city. but ii was received quiruS' i.
wa no effect pcrcrpibie at any oi the o'"e' ""'''
President Glover says that the suspension Is oNls
temporary and that all depositors VIII be paio III iu
Portland. Ore July c7.-The Oregon National
Rank and the Northwest Loan and Trust Company
Of this CITY, suspended this morning. Roth hs1'h-
lions were started about i've years ago. Inc r'pu
withdrawal OF deposits and Inability TO r'''N' VII
securities are given as tie cause OF NE s"spe"s'
George Il. Markle is president oil boh nlsu'u'io"S'
Capital stock of the Oregon National, S2oooo"' sur
Mus $40 900: average deposits. Soc0.ooo. 'ap''i
stock Of the Northwest Loan ana lruS' comp" ~
$3.50 900: surplus, $4,000.
Helena, Mord, July 27.-Thc First Nauohai anu
Montana National banks failed TO open this morning
Runs were started the other banks OF the cry, 'he
most extensive berg that on the Merchants Nau'hhi
Bank which laid every body The Two cloNeu oa'"'
have ample assets, but cannot realize :. J. ha"'cr
Is president OF the First Natlonh Inc caP'" H'o'
Is 500 900: surplus 100000 the uhoiViHeu p'on'
are 1900. 900. and the average deposits S"-'o'ooo'
John r. Marphy Is president OF the Mona'a National
,te con,ta stock is 100000: surplus. 800 900: It's
undivided prots are 300 600 and lis average deposits
81. 800 900.
Portage. Wis. July o7.-The City Bank closed Its
doors this morning The suspension is due TO the
condition OF the money market.
Middlcsborouell. KY. July 27.-Ihc First National
Bank of this place closed lis doors THIS morning. me
officers Of the bank refuse TO talk and it Is impoSSioe
to get either assets or liabilities. Most Of the mer-
chants here depcstors.
Washington july 27.-Thc First National Bank OF
MiddlesboIough. KY, which closed IFS doors this morn
ing had capital Of $4,000. and It's indiv'duai de-
posits aggregated usually about $4,000
Mount sterling. KY, July 27.-Thc new Farmers
Bank of this city closed it, doors this morning. The
failure was caused by an inability TO realize OH its
paper. The deposits are about 900 600 The bank
holds fist-clsss paper to the amount Of sGGO,Ooo:
The dcpositors Will h. paid in full and th" officers OF
the bank hope to be allie To RESUME business III "a
short time. The capital stock l. T-JoooO
Exeter ~ H.. July =! The National Grant" tate
Eank temporarily suspended payment ms morning;
The Insulation l. DECLARED by officials To be perfectly
sound. the present embarrassment having been caused
by drainage OF the cash supply and delaycdAm .
tances from Boston. An immediae resumption OF
Bal,imorc jnly IA summary Of the bank fsll-
ures from May 10 July % Inclusive shows that
Si o saH os .n ,@aG"s %' R%c,rd
publishes complete list OF CLOSED binks by states
iiurcs and four nfths Of tho capital involved in
Western and Pscac states. while only 10 per cent
Of the failures and II per cent OF The capital IN
I'm Southern states thirty involving 81
800 100: in the Western aud Paciic states the mum
Ter was 25l involving S3l 2js 9a3; and in the E,i
ern and Northern states thirteen With +e'dooooo
Capitll