The herald., 1893-07-25
FURTHER BANK FAILURES,
The Panic Still Sweeps Over
the Country.
Many Financial Institutions
Forced to Close.
The Louisville City National Among
the Latest to Suspend.
Another Milwaukee Bank Wreoked-Ex
Treasurer Houston's Bank and
Many Others 6uccumb to
the Inevitable.
By the Associated Press.

By the Associated Press
LOUISVILLE, July 24.-The louisville
City National bank closed it's doors this
afternoon. Since the financial etrin-
gency began the bank has exerted every
power to increase the cash resources,
but could make little headway against
the general tendency, and the steady
drain was too much for it. The last
statement, July Goth, showed: Capital
stock paid in, $4oO, 900; surplus, $50, 600;
undivided profits, $22,7s6. 1t is hardly
probable that the bank will resume.
Three years ago W. H. Pope. its teller,
fed with $4,000, and this was hard
blow to the bank. Bank Examiner
Escoll has been placed in charge. The
depositors will be paid in tull.
WRECKED MILWAUKEE, BANL.
MILWAUKEE. Wis.,, July 24.-John B.
Koetting, cashier of the defunct South
Side savings bank, has disappeared from
the city and it is simultaneously dis.
covered that the general ledger OF the
institution is not among the effects Of
sthe institution. President Trumpf of
the bank says the cashier left Milwau-'
kee last Friday, and before taking his
departure left with him (Trumpff)
power OF attorney to convert his real
estate and homestead, worth 100000,
into cash for the benefit of the banks
creditors. John Barth was appointed
receiver of the bank tonight.
Ex-rREAsURER HoUsroN's RANK FAILS.
CoNNoRsvILLE, Ind, July 24.-The
Citizens bank, owned by ex-United
States treasurer Houston, has failed.
The depositors will, it is said, be paid
in full.
Huston says none Of the depositors or
creditors will lose cent, that his per-
sonai property will more than cover his
liabilities. not to mention real estate;
that it will not affect any Of the indus.
tries in which he is Interested that the
cause of the suspension was baseless ru-
mora that he was interested in foreign
spscvlation and losing heavily. All he
asks is little ii me.
Houston's enemies circulated mali
cious and slanderous falsehoods that he
was speculating in Chicago margins.
This coming about the time of great
financial unreast, made the ex-United
States treasurer's business affairs very
serious. The liabilities are about $780,
600. Houston's total assets will reach
near 100000.
FAILURE AT GREAT FALLS.
GREAT FALLS. Mont, July 24.-The
Merchants National Bank closed Its
doors at noon. A notice signed by the
directors stated that all deposits will BIZ
paid in full. The property of the presi-
dent of the bank was attached on Satur-
day for $25,000 and he was deposed.
The assets and liabilities are not yet
known. The bank held $21, 900 city
funds, $22. 900 county and $4,000 state
funds, but has little or no ready money
on hand. No uneasiness about other
banks is felt.
CLOSED AND SKIPPED.
CHICAGO, July 24.-Bradford & Church,
private bankers, closed their doors with
out even posting notice. Their where
abouts seem known only to themselves.
The deposits are light, but gathered
from large number of peor people by
system OF distributing email iron savings
banks which could only be unlocked at
the bank, into which pennies and
nickles were dropped and periodically
taken to the bank for deposits.
THE TACOMA NATIONAL CLOSED.
TACOMA, Wash., July 24.-The Tacoma
National bank, which failed to open this
morning, is one of the best and most
conservative in the city. Its deposit ac-
counts are very large, and since the fail
ure of the Merchants National early In
June has been q special point OF attack
by frightened depositors. In the last
seven weeks it has paid out nearly 30
per cent of its deposits. The bank is be-
lieved to be entirely solvent, and it's Of
ficers are confident they will reopen
within 80 days. The failure was fol-
lowed by slightly increased Withdrawals
from other banks, but no other failures
are anticipated, as all the other banks
are said to be we'll fortified with cash.
DENVER BANKS WILL RESUME.
DENVER, July "a. - Bank-Examiner
Lazar says all six of the suspended
banks here have enough assets to resume
in time, and that plan is on foot to
get the depositors to accept certificates
Of deposit payable in installments, CIV
ing them time to realize on the assets
and prevent enforced liquidation.
ANOTHER NEW ENGLAND FAILURE.
4 MANCHESTER, N. H., July 24.-The
National Bank of the Commonwealth
will suspend payment tomorrow. The
assets and liabilities are about $625, 900.
The suspension OF the New Hampshire
Trust company precipitated this.
A FLORIDA BAND coLLAPsEs.
ORLANDO, Fla, July 24.-The First
National bank closed its doors this
morning. Withdrawals of deposits,
which has been heavy, is given as the
cause. The officials say depositors will
lose nothing.
ROBBED AND CLOSED.
PrANvIEw, Neb., July "a. = The
Plainview State bank was robbed last
night OF $4,000 cash, and in consequence |
did not open it's doors this morning.
WALL Paper at Cost.
Closing out le-Eckstrom Strasbure, BOT
and 800 sou.h Main street,