Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1893-05-18

suspend. Il seems that Paris & Nave
organized banks somewhat on the plan
Of MIR. Dwiggns Of the Columbia
National " Chicago; in fact Mr., Paris
was interested with Mr. DwigGins in
the Farmers Bank Of tireentDwn, which
suspended yesterday. Ex-Governor
Chase was also one Of the founders Of
the CtrcentOwn Bank.
The banks ordered to close by Paris
& Nave Of Indianapolis include the
Bank Of New Otleans, Bank Of Ross
Vile Bank Of l'rcepcrt, o., and Bank
OF Rockford, Mich. These banks were
allprivate affairs. and had no extensive
patronage. Inc firm OF Paris E Nave
has only been in existence short time,
Mr.. Nave joining with Mr.. Paris in the
business in January, 1892. lie says the
firm has securities to a certain extent,
The DwigEias plan was followed in
its general outline by Paris and Navcin
organizing these small private banks,
An office would be opened and local
parties interested in the scheme. 1t
was the firms ultimate end, SAID Mr..
Nave, to convert the institutions into
national banks after they had been put
on a sound footing. None OF the banks
ordered closed by the firm named a
capital stock,
ANOTHER DwtGGINs FRAUD GOES UP.
DAYTON, O., May 13.-rhe Bank of
Brookville, this county, suspended yes.
terday, due to Il run made on the bank
by dcpositors. The assets and liabilities
are placed at $lt,537 The bank is oper-
ated by Dwiggins, starbuch d Co., Of
Chicago.
A FAILURE DUE 10 THE COLUMBIA.
RUsHvILEE, IND., May t3.-The Com
mcrcial State Bank of Rushville closed
its doors yesterday. 1t could not meet
| its dcmauds, owing to the suspension of
| thu Columbia National Bank Of Chi
| cngO Ii is believed tllat the suspension
viii no, result seriously, as the capital
| lists behind the concern are substantial
| business men.
THIS BANK CLAIMS TO BE ALL RIGHT,
MoNnoEviLLE, IND., May 13.-Thc
| reports concerning the standing of tho
Citizens State Bank Of MonrocYillc are
wholly without foundation. Ii has
ample assets to pay all liabilities. The
failure OF the Columbian National Bank
of Chicago, or Of Dwiggins, Starbuch Il
Co., does not affect it.
FAILURE or 4 LUMBER FIRM.
SEATTLE, WASH, May l3-A special
from Wartlner saws: The ianil 4
| Colby Lumber Company failed ycstei.
1 day Attachment suits and mortgage
! liens which have been placed against
the concern will probably aggrcgatc
| Sill 900, The assets are supposed to be
! Of the nominal value Of 100000. The
liabilities will probably not eXcecr
! $4,000.
NO DANGER OF THIS BANK FAILING.
MONTREAL, May 1S.-The annua
statement Of the Bank Of Montreal fol
the year ended April 90th was issued
yesterday. The statement is considered
very favorable and attracts Il great dea
Of attention III financial circles. Tht
profits for the year were Sl,329,S $40
Two dividends Of five per cent eacl
were paid, amounting to $4,000
The earnings amount to about IL pei
cent.
BANK TROUBLES HURT A BUSINESS con,
GERS.
Sr. Louis, May l3,--ln the circui
courT at Belleville, yesterday afternoon
the Bcllevillc steel Company confessed
Judgment in the sum vi S3,3Ii in layUl
Of Fielding w. Oliver Of st. Louis. A
bill cf relief was asked for and Charles
Becker and Bernard ochi were ap
4 pointed receivers and gave bonds 81
BOO, 900 before Judge Burroughs. TN,
! receivers notified the worklneR that they
would be obliged TO pass The pay-rolIs
amounting to $4,000 tor two weeks, OF
account OF the strlngency of the money
market and depression ofthc steel trade
but would pay at an carly date and in
tended To keep the mills running
Messrs. Dell and Schacfcr, attorney!
for the company, made the followin!
statement:
r"Fhe financial furry and difficulty o
negotiating paper Of any kind ha
caused the temporary suspension Of pay
mcut by the company, by the orders D
the court. The receivers will cUntinu
the business for the benefit of all credi
tors. 1t is believed there are sutlicien
assets to pay dollar for dollar and leavt
the plant for the stockholders"
At the present time the TWO plants
the Waugh mill and Valley mill-emplo,
about $40 hands, whose being thrown
out of employment would cause gTca
hardship, not only to the employees bu
also to the business interests of the cit,
of Relleyillc. As soon rs the receiver
have looked over tla ground
more complete statement Of the affair
OF the company will he forthcoming, Ii
the meantime it may be said with safet,
that ali claims will be paid during th
year.
50 far as it appears at this time Tx
assets and liabilities are as follows
Asscts-N Value of plants, s650,0O0 nc
counts receivable, $l20,000; stock 81
hand, $la0,OGO; total, $9400O0 Liubili
ties, about p50O,00O, scattered in Ohio
PENNSYLVANIA, Missouri and Illinois.
INnIANArnLlS Ism, May lh,-StAtc Banl
Examiner Orlando Packard last night sait
that this examination. together with lnitei
States Bank Examiner Young, INTO tn
condition of the Capitol National Bank q
thar rity, showed thliS far that the banl
was in better shape than the report 9
President Wilson has made ont, and il tn
Chemical of Chicago resumed there wolli
be no doubt OF the resumption OF tn
Capitol here
Concerning the bank situation in In
diana lie said IL was decidedly better
There were returns saturday reported iron
many places, al ri which mad been sue
cesSfully met and although The crlsi
might not be entirely over there was les
danger to be feared this week, There hay
been i'll all 10 failures OF banks iii IL
state As result Of The failure OF III
Columbia National Of Chicago.
--a---
License "Reminiscences.
Following is The complete list of thos
| nntliVIlF tD1 ilGlIDr lTpnStAS nuHlIISL Whom