The morning call., 1893-08-10

NEW YORK, Aug. 9-Wall street re-
ceived disagreeable surprise this morn
ing in the shape of notice from the as
sociated national banks that they had
unanimously decided to increase the rates
TN call loans of recent date to y per
cent and those of long standing to 10. They
say the reason for this is so many borrow
ers have laid down on them that it is
necessary for self-protection.
Eilinger Brothers have been advised by
cable that the report from San Francisco
on the 4th, giving mail advices from San
Jose de Costa Rica, stating disastrous
state of affairs prevailed there and that
the Banco de la Union was in financial
difficulties and its notes no longer accepted
10 commercial circles. is. as far as it re-
lates TO the bank. utterly false.
The capital of the Banro de la Union
is 81. 2OO,O 900. surplus $500. 600. reserve fund
$3.50, 600. A dividend was declared June
80 and paid July 10. The cash On hand
was $1.5100OO. Ellnger Brothers further
say that the circulation Of the bank is
guaranteed by the Government and its
notes are accepted by everybody and are
legal tender for taxes. duties. etc.
William F. r. Mills has been appointed
receiver Of the Hamilton Loan and Trust
Company at $50 Broadway F. w. Popple
was appointed at Denver. Colo, a few days
ago receiver of the property of the COM
pany in the Northwest, 1t having branches
at Omaha and Kearney. Nebr.. Denver,
Colo, and Tacoma, Wash. The company
was organized in March. 1887. to make
loon fo ON 70
them. The company has loaned, it is said.
over So, 0O0, 900 on Western farms and had
paid-up capital of $685. 900. At the Office
1t was said to-day that the receivers had
been appointed as matter Of protection
and to save the assets, as it is claimed
there is large surplus of assets over liza
bilities.
Fuller Bros. & Co.. commission mer-
chants. to-day assigned to c. B. Mulligan.
Fuller Bros & Co. were rated by Brad
streets at from 100000 to 100000 and
their credit was reported Al. The firm
transacted heavy business all over the
country. No statement has been filed yet.
The finance committee of the General
Electric Company announced this after
noon that arrangements had been COM
pleted for diseharging the floating debt,
amounting to S4.00U.0 900.
A large crowd OF sB all deposir0rs assem-
bled before the st. Nicholas Bank, which
Bank to-day. and run was started.
Later, however. Henry Goldstein. the
millionaire coa-dealer, agreed to give a
bond in 100000 to pay all depositors.
INDIANAPOLIS. Ind. Aug. 9.-It has
been decided to institute legal proceedings
against the men charged with wrecking
the Indianapolis National Bank.
WHEELING. W. Va. Aug. "a. W.
PAUL has been appointed receiver for the
Nail City Stamping Company. There is
no statement beyond one that the assets
are three to one greater than the liabilities.
CHICAGO, Aug. 9.-The investiga ton
thus far into the condition of Lazarus
Silverman's Bank shows total liabilities of
81. .691, ,079 and assets 1851. pa. Nothing
of suspicious nature has yet been dis
covered
LEBANON, Pa. Aug. 9. - Robert II.
Coleman. iron millionaire. and wife, have
executed a deed of assignment. The liza
bilities are about S3,50O.O00 and. it is
claimed. exceed the assets. Coleman's
fortune was wrecked in the Jacksonville,
Tampa and Key West Railway. His es-
tate has been in the hands of trustees for
year.
PITTsBURG. Aug. 9.-Judgments aggre-
eating $6O,OOO have been entered against
the Linden Steel Company, one of the
largest concerns in the city, with large
Government contract for the man ufacture
of armur. plate. 1t will ask an extension.
and it is believed the embarrassment will
only be temporary.
ROCHESTER,, Mlnn., Aug. 9.-The Union
National Bank closed temporarily this
morning. 1t will resume without the ap-
pointment of a receiver.
MINNEAPOLIS, Aug. 9.-Tne Commercial
Bank has failed. Capital. $500, 900: de-
posits, 100000; time deposits, 1922. 600;
loans and discounts at last statement,
S642.OO0. TIE officers say the depositors
will be paid in full.
WASHINGTON, Aug. 9. - Comptroller
Eckels to-day appointed E. W. knight Jr.
receiver of the Srock-growers' National
Bank at Miles City. Mont.
NASHVILLE, Tenn, Aug. 9.-The First
National Bank Of this city. the Oldest ma
tional institution south of the Ohio River.
closed its doors this afternoon. The capi-
tai is 81, ,OCO. 900: deposits. S1,000.0O0; sur
plus fund and undivided profits. 100000.
Directors OF the Fourth National Bank
and other capitalists. representing several
millions of property. have signed guar
antee piedging themselves and their in
dividual estates to the payment of all de-