Audubon County Republican. [volume] (Audubon, Audubon Co., Iowa) 1885-1894, 1893-06-08
AUDUBON, AUDUBON CO.. IOWA. THURSDAY. s. 1893
NEW YORK BANK FAILURE.
The Canal street Bank Forced TO Gs
Into IinnIdntl on.-.nther Enllnrea

Into Neutrality-suspicious. Failures.
New YORK, June z The Snoe' and
Leather National Bank gave notice
that IT would not clear for the Canal
Street Bank. IL was not the regular
notice, but merely warning to other
banks not TO take any checks ON the
Canal Street Bank. The Canal Street
Bank has been hard up for money for
some days, The president Of the
Canal Street Bank is Antonio Rasires.
He told reporter that the rank was
solvent, but II il could not get tenn
porary assistance IL would have To go
into liquidation.
The Sheriff received two attach
ments against Schaffner & Becker,
brokers and bankers of Chicago, Ill
who assigned on Friday last in favor
of the following creditors BENJAMIN
Levy Il Co., $4,000; Lewis Ettinger,
Sl,57S. A deputy sheriff served copies
of the attachment on the American
Exchange National Bank, where the
defendants are suppos d to have an
account.
Troy, n. ", June q. The failure OF
the Fort Ann Wooden Company of Fort
Ann, Washington County, was an
nounced. The property OF the com.
pany was attached and the mills shut
down by the sheriff,
MONTREAL, June The publishers
of l4'Etcndard, the French clerical or,
gan in this city, have assigned with
liabilities of some $4,000. The assets
are estimated at about $4,000,
New YORK., June g. Morris Schwcrin,
carrying on business under the name
al I'D a. l.
and bag manufacturer, at Newark and
661 Broadway allowed Judgment to
be entered against him for S2a, sol. The
sheriff has taken possession OF
Schwcrin's stock NJ. Marley Plat2lSe,
attorney for n number OF creditors
holding claims aggregating 500, 900,
said TO u reporter that the liabilities
were about Saa0,000; actual assets
500, 900, Schwerin confessed judg.
mcnt in Newark, N. j., for sea, 900 to
Bernard Strauec.
SPOKANE, Wash, June 6.--Thc Bank
of Spokane Falls temporarily closed
its doors, The bank Is the oldest in
the city and has paid up capital OF
$50 900 and surplus OF 1925, 900.
SANDusKY, Ohio, June 6,--Thc doors
of the Sandusky Bank Company, which
cioscu Ohturuuy hlBHt upon WHbt WAS
generally supposed TO be one OF the
soundcst and safest institutions of che
city, were not opened yesterday, but
displayed the following announce
ment:
Owing to inability TO realize upon
assets at this time. this bank has been
compelled to assign. All depositors
will be paid In full"
Intelligence Of the assignment spread
throughout the city like wildfire and
quickly large crowd assembled in
front OF the banking house. The pres
cnt trouble Is ascribed directly TO the
heavy, though groundlcss, run that
was made on the bank about ten weeks
ago and which it withstood successful
ly at the time, paying out upwards of
$50, 900 within two days.
KANSAS CITY, Mo, June G.-The
Kansas Grain Company, which claims
to be the greatest buyer OF grain
from producers in the world, has
failed. II. M. Kirkpatrick Secretary
and Treasurer OF the company, mott
fed the Secretary OF the Board that
the company was unable TO meet itH
contracts. The announcement OF the
suspension caused great excitement