The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1893-08-08
CONTINUED PRosPRRIrYRt

- S"S
Sherman Lawi is Repealed
and that Gives the
Lie to Chicago
Platform.
ELLENsBURG, Wash july 2S.-The
Ellensburg National Bank suspended
payment yesterday. No statement is
made. George B. Markle. president of
the two banks which failed in Portland
yesterday, is also president of the
Ellensburg bank.
CHICAGO, July 28.-A special to the
Record from Martinsville, Ind, says:
The s.. M. Mitchell bank, established
thirty years ago, backed by $500, 600,
went into voluntary liquidation yes
terday. There is $500, 900 in it's vaults
and deposited by it in Indianapolis
banks The AUS of this action, it is
said, is for a division Of the estate.
SPARTA, Wis, July 28.-Two banks
closed their doors here yesterday, the
NJ. A. Thayer bank and the Bank of
Sparta. The cashiers of both institu-
tiOns claim the action was taken to
protect the depositors, and that the
banks will resume. The liabilities of
the M. A. Thayer bank are placed at
about $l75, 600 and assets at 1925, 900;
while the liabilities of the Bank of
Sparta are said to be $21O, 600, with as
sets of $500, 600.
MOUNT STERLING, KY, July % Last
evening the officers Of the Traders De-
posit bank decided to suspend pay
meDt, owing to the heavy run on the
bank yesterday, caused by the suspen
sion Of the Farmers Bank. The bank
owes $3.50 900 and has 1890, 600 of good
assets. The officers hope to resume
business at an early day.
NEW YORK, July 28.-The failure of
HOratiO D. Averill was announced at
the Consolidated Exchange this morn
ing. His liabilities are small.
NEW YORK, July 28.-Adolph Gold
smith and Sigmund A. Goldsmith, COM
posing the firm of Adolph Goldsmith
& Son, jewellers and diamond dealers,
No. 80 Maiden Lane, to day assigned to
Jones Fl. Monsheimer, with preferences
for $38, DAB to numerous creditors.
SAN ANTONIO, Texas, July % The
extensive coal mines of the Minerva
Colliery company in Webb county,
have closed down, throwing a large
number Of men out of work. As there
is no prospect of resumption at the
mines at present, many of the miners
are leaving the county.
PROVIDENCE, r. l., July 28.-The fol
lowing cotton mills IN Burrillvill8 have
closed: A. l. Sales 6 Sons, Arnold &
Perkins, Job E. Fiske, Jr, w. A. In
man, William Finkham & Co., j. J.
Nicholas G Sons
CHIPPEWA FALLS, Wis, July 28-G.
w. SAymour's private bank closed its
doors here this morning. There are
runs on all the other banks in town.
PORTLAND, Oregon, July % The
Union Banking Company has sus-
pended.
GREAT FALL, Mont, July 28.-The
First National Bank Of this city sus
KANKAKEE, Ills, 29.-The First Ne
it's doors this morning. The notice
posted on the doors states that the
assets are ample to meet all claims.
LOUISVILLE, KY, July 29-The Pine
vile Banking Company, at Pineville,
closed its doors yesterday. 1t was con
sidered the best bank in Southeastern
Kentucky. The President will SUR
render ali his individual property to
help the bank out.
CONVICTION, Ind, July 29-Tbe
Farmers and Merchants bank, of this
city, closed yesterday. The cashier
said the reason was the present finan.
cial stringency and inability to realize
on it's securities. Elk United States
Treasurer Nebeker is its president.
KNOXVILLE, Tenn, July 29.-The
Tannic acid factory of this city will be,
shut down next week indefinitely. This
plant was erected several months since
by the Standard Tannery Company, of
Chicago, and represents an outlay of
over 500, 600.
AKRON, O., July 29.-The Citizens
Savings and Loan Association, of
Akron, closed doors this morning. The
cause given is the constant-d drain upon
the resources by drawing out deposits.
The bank is regarded as In a perfectly
sound condition and will pay dollar for
dollar. The capital stock is 800, 900,
with $780, 900 surplus. The company
was organized and incorporated in
1872. The suspension created no sur
prise in Akron.
TRENTON, N. j., July pa run was
commenced this morning IN the Tren-
ton Savings Bank. By noon about
$50, 900 had been paid out. The bank
is one of the strongest in the State,
having a clean surplus Of $3.50, 600. The
money paid out this morning was n
new silver dollars just received from
the Philadelphia mint. All the Tren-
ton banks are in excellent shape and
no suspensions will occur.
MILWAUKEE, Wis, July 29.-The,
| Commercial Bank, of Eau Claire, Wis,
did not open its doors this morning.
Notices yer posted that the bank was
in the hands of Byron A. Burlington as
receiver. The closing is due to the
continuance of heavy Withdrawals q
inability to realize on securities at TINS
time. The Commercial is a popular
savings bank throughout the Chippewa
valley. 1t has a capital of $50, 900:
Runs we're started on the National
Bank of Eau Claire, Bank of Eau Claire