The Manitowoc pilot. [volume] (Manitowoc, Wis.) 1859-1932, 1893-07-20
GENERAL NEWS.

The Kansas City National Bank failed
Oh Friday of last week. AS a conse-
quence three other banks of the same
place failed on the day following.
The Bouton Foundry Company made
an assignment on Saturday. Its liablli-
ties are 100000, assets $4,000.
A Cincinnati brewery made an assign
ment on Saturday last. Its assets are
four times its liabilities, but the money
market was so tig.t that money enough
could not be secured to run the business.
The assets are 100000.
The NATION Manufacturing Co. of She
boygan notified its employees that re-
duction of 20 per cent would be made ID
wages If this was not accepted. by the
men the plant would shut down until
times improved. The Grand Rapids
Furniture Co. has reduced wages 10
per cent. Almost every institution IN
the land will be compelled to follow suit.
West Superior had three several cleo
trio storms within "a hours last week and
considerable damage was done by them.
The Emperor William is now quite
firmly fixed in the saddle. His army bill
has passed and he can now increase the
military power of Germany. Caprivi has
shown great amount OF tact and deter
mination and the Emperor Will reward
him for his services by creating him a
prince.
An explosion of fireworks IN Chicago
on Sunday night killed four Italians AND
| injured seven others.
There were six deaths from sunstroke
| 10 Chicago on Friday last. Many cases
| of serious prostration have likewise been
| reported.
The negro who was lynched in Ken
lucky seems to have been the wrong
man and now the general public is asked
to make up purse for his surviving re-
latives. The pension is far-reaching.
Oscar Neebe. the pardoned anarchist
has started out in good style. He has
married Mrs. Eliza Hepp who keeps 6
saloon, as Mrs. Riley kept hotel"
| Three Denver banks failed on Monday
of this week. The assets and liabilities
are about equal. Two banks in Kansas
City failed on the same day. The banks
in Denver would have received assist.
ance but that help was frightened away
| by the doings of the silver convention
which lately met in that city.
A court martial is now busy making
inquiry into the cause OF the collision
whereby the battleship Victoria went
down with fearful loss of life.
A passenger train on the Grand Trunk
road ran into street car in Chicago OF
Monday night and killed four people; q
| number of people were also injured. The
car was struck squarely in tie center and
hurled distance of 30 feet. The con.
ductor and engineer of the passenger
| train were arrested.
The typhoid fever epidemic has about
| died out at Ironwood. 1t was very Sc.
we're while 1t lasted.
The financial panic is now expanding
its strength in Colorado and Kansas
Four banks failed IN Denver on Tuesday
All the banks had heavy deposits and
were capitalized for large sums. None
of them could realize on their securities
| which were ample to meet all obligations
If the money market was not so tight. 1t
is stated by bankers that in three months
depositors have drawn from Denver
banks the enormous sum of SS,000,00O
and of this amount only $3,O0O000 has
returned to circulation.
Because of the bank failures four mer-
camille firms of Denver failed Bank fail
ures are reported from Fort Scott, Ar
mourdale and Topeka, all in Kansas.
Failures of small banks are reported
from Washington and Ohio.
A negro named Jenkins was lynched
in Virginia on Saturday last. On Sun
day morning the body was missing. 1t
transpires now that shortly after the
lynchers had left, the rope broke and Jen-
kins fell to the ground. His neck had
not been broken and he revived through
the night. He made his escape through
the woods and was captured at Norfolk
as suspicious character.