The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1893-05-14
HEAVY RUN ON BANK.
The Plankint0n, of Milwaukee,
Pays Out 800, 900.
IDAHO LIQUOR DEALER FAILS.
4 Big Grain Firm Of L1aeeln, Neb.. sus-
pends-Ths Dulush Roller Nuls
Go - the Wall.

firm Of Frank Lappen Il Co.. which broke
down on Friday by attachment proceed
ings begun by the bank, had decidedly
panicky effect on the srnalie, depositors Of
that institution. and long before
the hour for the opening Of the banks
this morning the streets in the vicinity
we're crowded. As soon as the doors
opened there was . long line Of men and
women in front Of the selier's window, and
that officer kept at his post steadily until
1 O'Clock this afternoon. meeting every de-
msnd. total being paid of 10000 in
small sums.
shortly after the bank opened special
train, consisting Of one car and an engine,
arrived from Chicago with 81 900. the cash
balance due Plankingson from the CONT
mental National brink. Of Chicago,
and the c!amoring depositors made
only short inroad upon this before the
messenger arrived from tho Wisconsin
Marine and Fire Insurance Company's
bank with ZOO due from that institu-
ton. There were plenty Of offers of help
from other banks during the day. the
Clearing House Association having passed
resolution to help PIankington. but
their assistance was not needed and
PlanktnSton came out with flying colors,
having paid to the depositors every de-
mand made during regular banking hours
and for two hours following. The threat
ened pauic is over and . feeling Of con-
fidence prevails in commercial circles.
A committee Of creditors in charge Of
the affairs of +. A. Lappen 4 Co. has
given ont the statement that the liabiii-
ties and assets Of the firm were represented
hy the ssvr.a n ON
WALLACE. Idaho. MAY l3-ISpecial. T.
ID. {. Mckissick. wholesale liquor me.-
chant. assigned today to Ed S. Ro,hschild.
Of Portland.
LINCOLN. Neb., May 13-Kendall &
Smith. grain dealers. with numerous ele-
vators throughout the state, have failed.
aggregated nearly $500, 900, and
there are pressing claims. which.
it is alleged. cannot be satisfied.
Among them is one from the president Of
the board of directors Of the Columbia
National band. of Chicago, for $500
Local banks. it is stated, are heavy credit
ors. An exact statement Of the assets and
Liabilities cannot be given.
new York. May 13.-Frederick T. Sher-
man, AZ assignee Of Thomas NJ. Barr &
Co.. the failed coffee brokers. today pre-
scented an affidavit showing the resources
OF the estate. in round figures. to be:
Nominal assets. $l,7s7, 756; actual assets,
$247, SOL
DULUTH, May l3-The Duluth Roller
Mills has assigned with liabilities amount
ing to $1,000 and assets estimated at
from $4,000 to $l25.o00. The Chicago
squeeze in May wheat il said TO be the
canse.
FoRr WAYNE, Ind, May l3.-The CiG-
zens' bank. of Monroeville. this county,
closed its doors at noon. causing much ex-
element 1t was organized by Dwigsins
and Starbuck, of the Columbia bank Of
Chicago some years ago.
EpwAEnsnuRs, Mich. May 13.--The
doors of the Edwardsburg bank were
closed this morning. and notice was
posted on it by the cashier. saying that the
suspension was only temporary, and that
depositors would not lose anything if they
would stand by him.
NEW YORK. May l3-Erastus Niman
will file n general assignment for the ben
eft Of creditors on Monday or Tuesday.
The assignee will be David Bennett, King.
the attorney TO whom Wiman recently
transferred his real estate on Staten
Island. Wiman SAYS he cannot estimate
his assets and liabilities but if well man
aged he is sure it could pay dollar for
dollar.
CHICAGO, May Ia. l.. Ferris & Co..
wholesale boot and shoe dealers. today
confessed judgments aggregating $40. olo
and their stock is now In the hands of the
sheriff. Their liabilities are put At $40 600
and assets $4,000. Strlngency IN the
money market was the immediate cause OF
the collapse. The nrm expects 10 resume
in short time.
kIss.MEr Fla, May i3.~The kissamee
City bank did not open this morning. 1t
is funored on the streets that the liahii-
ties arc about So. go aad the assets 500,
u0p The cause OF the suspension is SLOW
collections and the genera! tightness O;
money.