The times. [volume] (Richmond, Va.) 1890-1903, 1893-08-11
STAGNANT BUSINESS.
Il NUMBER OF ADDITIONAL ASSIGN
MENTS DURING THE DAY.
Banks and other Business Houses Continue
to Close Their Doors and Several Mills
Shut Down-Others Resume Work.

NASHVILLE, TENN. August 1O.-The
suspension OF the First National Bank
last evening was followed to-day by the
suspension OF payment by the American
National Bank. one Of the largest and
strongest in the city The bank has a
capital stock Of 81 100000 and a surplus
of $4,000.
When the bank opened for business at
the usual hour there were many deposit
tors about its doors, and soon a run was
made. The crowd was very orderly. and
were paid as rapidly as possible.
Meanwhile a run began on the Fourth
National Bank. which has a capital
stock Of 100000, and a surplus fund OF
$2OOO 900. and is regarded by business men
as perfectly solvent.
The directors of both the American
and Fourth National Banks published
cards this morning to the effect that their
banks were perfectly solvent. and also
pledgin8 their personal estates 10 the
pay ment OF depostors
The run on the American National
Bank was stopped at $3.50 o'clock by the
announcement OF the fact that they
would suspend payment.
! The directors Of the Safe Deposit Trust
and Banking Company met at an early
/ hour and decided, I'm view Of the excite
ment prevailing, 10 take advantage OF
| the clause in their charter requiring de-
positors to give sixty days notice Of
withdrawal Of deposits. The board pos
| ted a notice stating that the depositors
are absolutely safe for every dollar they
have In the bank. There was no run on
this bank. and but few depositors pre-
sented checks for payment.
WASHINGTON, u. c., August ~
Comptroller Eckels has ordered Bank
Ia xnminer Plumbly TO take charge Of
the failed First National Bank Of Nash
Vile Tenn, and Examiner Provost, Of
the failed Union National Bank OF
Rochester. MINI.
KINGSTON, MO, August 10-The Cald-
well County Bank. at this place, and the
Excange Bank, of Polo, closed their doors
Yesterday morning. Both banks were
owned by John y. Cox. There is no run
on the other banks.
EBENSBURG, PA, August 1O.-Tne
banking firm OF Johnston Buck & CO.,
Of this place conducting banks AT EDens-
burg. Carronton and Hastings, closed
their doors at noon to-day, and placed
the following notice at the entrance: we
have assets In excess OF our liabilities,
but. owing to the constant demand for
currency i'm the last twenty-four hours,
we consider IL 10 the best interest OF all
concerned to suspend payments Tor the
present"
The banl, will resume business as soon
as the financial panic subsidies.
INDIANAPOLIS, IND. August 10.
NJ. Rider. wholesale cigar and liquor deal
ers. assigned yesterday with assets ana
liabilities in the neighborhood OF So'oo0.
He has been dealing in non-union cigars,
90 flWnTn1khlS
Union began a systematic boycott upon
him. which has been vigorously prosecuted
ever since. To this he ascribed his fall
ure
LAFAYETTE, IND, August 10.--Tho
BRYAN Wagon Works this morning went
into the hands Of a receiver Jacob NJ.
Marks was appointed. Liabilities OF the
company are placed at 100000. The as
sets IL is claimed, will much more than
pay out, if they can be realized on.
WABASH, IND, August lo.-John r.
Figert manufacturer Of wagons aud car
riaees at Disko. this county. and an eX-
tensive land owner I'm the same neigh
borhcod. made an assignment for the
benefit Of his creditors. No statement Of
tis liabilities and assets fas been made.
but Il Is asserted, all claims will be paid
in full.
LAFAYETTE, IND, August f0.-The
PHYSICIANS Electrical Supply Company
assigned yesterday 10 Isaac Russell The
concern has been a prosperous one, but
inability 20 collect money due forced
the assignn ent. No statement as to
liabilities and assets. 1t is thought the
company can pay dollar for dollar on
the Indebtedness.
MITCHELL. IND, August 10-Many
stone quarries In this county have shut
down indefinitely on account Of the lack
of demand for stone. Hundreds Of lahor-
ers are out of employment and without
means OF support
CINCINNATI. OHIO. August l0.-The
distilleries belonging 10 the Wbiskey
Trust win be shut down as a result Of
the government order requiring payment
of taxes in currency. W. y. Hobart,
treasurer Of the trust, has returned from
Peoria. where be has been In consuita-
ton with President Greenhut. AS the
result Of the conference the order 10
shut down will go forth.
PUEBLO, COL, August 1O.-The steel
plant Of the Colorado Faei and Iron Com
pany here will resume operations Mon
day with a fun force Of loo men, after
a shut down for three weeks for repairs.
The company has large orders ahead
aud will run for year. II is, said, with
out a cessation OF operations.
PHILADELPHIA, PA. August TO-
Rromley & Sons extensive carpet mills
In KensingtOn, the manufacturing suDarb
Of Philadelphia, whose mills shut 'own
temporarily last week, have fes'Iacd
operations About 5000 hands are en-
IiOyed.
PROVIDENCE. II. l.. August -O-The
b. B. and r knight mills which have
been idle the past week. will start up
Monday next. The firm operates mills
in Pontiac, Natick. River Point. Arctic.
Fisheville, ArlSwright. White Rock and
this city In this State. and in Habron-
vile. Dodgeville .lanchaug and Read
vile IN Massachusetts,, employing between
1900 and 5000 hands.
NEW HAVEN, CONN. August 10
The North and South foundries Of the
big Sargent Company's works were shut
down last night and will run only three
days a week, beginning on Monday next
About 200 men are affected. The Hrm
say they are overstocked with mani
factured goods, and that the demands
are very light.