The sun. [volume] (New York [N.Y.]) 1833-1916, 1893-06-06
OTHER FAILURES.
Troubles In Kansas City, Milwaukee, and
Other Parts Of the Country.

/ obuor TortS INC SOuntrys
| KANSAS CITY, June 5.-The Kansas Grain
| Company. which was said to DO the greatest
buyer Of grain from producers In the world
has failed. II. NJ. Kirkpatrick. Secretary and
| Treasurer OF the company. notified the Score.
tary Of the Board at 10Y this morning that the
company was unable to meet it's contracts
| When tho announceme nt OF the suspension
| was made ON tho Board 1t caused great OK.
element.
The main Offices Of the com pany are in this
| city and at Hutchinson. Kan. and the Presi.
dent OF the concern. T. J. Templer. is in charge
Of the Hutchinson Offices. and the officers here
| decline to make any statement Of the financial
condition OF tho company until authorized to
| do SO by Mr.. Templer. 1t is presumed how
ever. that the assets and liabilities will each
| be largo.
| The company has elevators In 100 towns
and cities In Kansas, representing an invest
| ment OF S150.OO0. All Of these elevators con-
tain more or less grain. Tho company was
| Incorporated five years ago with q capital
stock OF $4,000.
Tho cause OF the failure. as announced by
the officers hero 10 the tight money market
MIR. Kirkpatrick says the stringency in money
prevented the company from realizing on its
warehouse receipts. which were depended
upon to meet maturing obligations.
MILWAUKEE. June 5.-A run is now in prog
ress on the South Side Savings Banks. Some
200 or 800 people block the sidewalk in front
Of the bank. but everything Is quiet and ORDER
L: There is slight run ON the Second Ward
The failure Of i. r. Day on Saturday last
small depositors; Business men are not in
the least alarmed at the situation. and predict
IT. the gsfs T IL a ans or two u'
PlankinIton Bank %s YIN 70 tnyestiEaied by tho
aa udss lis eharas ae
the statutes referring to the obtaining Of credit
BY false statements staten and to the acceptance Of
section. the Court minated. referred to the
Lappen mater. and the other to the Plankln.
'rsa dsspatsn from Hutchinson Kan says tho
com any to extend it's paper in Kansas City.
President Templer Of the company says the
that seg VIII ~s out ss or
ess.d 9s s.h 81 as e1oa ss:
d kansas csS s$s169 :ssrs 70 hs sfsa
$4,000: to American National Bank Of Nan.
sas City. S45.0oO. All the indebtedness is well
MADISON. Wis. June 5.ITheEe was small
run on the tiret National BANK To-Day, out not
enough to cause any great excitement. The
banks balance at the olose OF, business on
Saturday showed $3.50 900 on hand to meet
demands. and the officers Of the bank are not
PHILADEIPHiA. June h-washington Butch
er's Sons, provision dealers, to-day filed an as
siGnment, with. George W. Lex Al, the as.
can be obtained. Tightness Of tho money
market is tho announced cause OF the embar-
SAYDusKY. O.. June 5.-The doors OF the
Sandusky Savings Bank Company which
closed on Saturday night upon what was gen;
orally supposed to he ono OF the soundest and
safest institutions Of the city, were not opened
this morning. but displayed the following an
Owing to inability to realize upon, assets at
this time. this bank has been compelled to u.s.
sign Ali depositors will be paid In full"
SPOKANE. WASH. June 5.-The Bank Of Spo-
kane Falls temporarily closed Its doors this
morning. The suspension caused no excite;
ment. Tho bank Is the oldest In the city. and
has q paid capital of $4,000 and a#urplus OF
Sl26.OOU.
Inc embarrassment is due to the tightness
Of the money market The bank has always
been considered the strongest In Eastern
washington. A. NJ. Cannon. President OF the
oanR; has many large interests In this city;
times over,