Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1893-06-03
6he
CONCERNING BUSINESS AND FINANCE

WASHINGTON, June 2.-The public debt
statement issued to-day shows net de-
crease Of S739, 1889 during the month of
MAY. OF this S657, Ia. 80 was in the amount
OF the bonded Indebtedness Of the govern
ment and So, ,250. 40 was in the increase Of
the cash in the treasury. The interest
bearing debt increased $500; debt on which
interest has ceased since maturity decreas-
ed Sc, ,4SO, and the debt bearing no interest
$Olg, ,695.5O The aggregate futeres and nom
interest bearin debt May 81, was 1851. 75O,-
SSS 63, on April 80 il was 1862, 4O7, 163. l3
The certificates and treasury notes Offset
bv an equal amount Of cash in treasury
outstanding at the end Of the month was
$685.. So, Oh, an increase Of 81, ,4S5.6O4.
The total cash in the Treasury was
S754, ,l22, ,9S4.47. The gold reserve S95, 04S,-
$40, and the net cash balance $26, ,5lo, 50.
In the month there was decrease OF So
T64. .749. 81 in gold coin and bars, the total
at the close being SI96,5lS, ,60970. OF silver
there was an increase Of IS, ,l7S, ,S74.6S; of
the surplus there was National Bank de-
pOsitories 81, $40. l2454. against $ll,27O,-'
oQS 90 al the end of the previous month.
TOLEDO, o., June 2.-The rumors OF
trouble in the Smead Heating and Ventila-
ting Co, Of this city and the probability OF
It's making an assignment, grew out OF Col
Smead's resi- signation yesterday as Presl-
dent OF the company. II was accepted, and
L. s. Baumgardner was chosen his sue
cessor. There is no assignment, and no
need Of any. There was a disagreement
between Col. Smead and the company as
10 the liability for certain debts con-
tracted by Col Smead before the business
was made Joint stock concern,
and this led 10 his resignation. Col.
Smead has issued card TO the public in
which he announces that allsdifferences
are satisfactorily adjusted, that he will
remain with the company and control its
operations, and that all its obligations are
met promptly as fast as they mature. IL
is rumOred on the street that Col. Smead
has been employed for a term of years at
large advance on his formsr salary as
President 70 conduct the company's ousi-
ness.
MILWAUKEE,, Wis, June 2-Assignee
VIM. PIankinton, of the PlankintOn Bank,
assumed Official charge of that institution
this morning A feeling Of security to ali
depositors pervades the atmosphere to-day
as the appointment Of MIR. Plankinton
gives assurance that every dollar due de-
positOrs will oe paid as rapidly as it can be
legally done. The failure of the bank has
caused a nervous feeling among small de-
pOsitOrs IN other banks and many are with
drawing their money. a small run occurrd
Oh the Commercial Bank this morning, but
that institution, IL is stated, is on sonnd
basis and can withstand alldemands. De-
positors in the Savings Department will
be held closely to the 80 day clause, how
ever.
CHICAGO. June 2.-The hearing of the
quo warrantO proceedings TO quash the
charter Of the Whisky Trust began to-day
before Judge Tuley. The trusts attor-
news conteuded that the action should have
commenced at Peoria, instead Of Chicago.
They were Overruled by the Court
BOsTON, Mass, June 2.-The Thorp 81
Martin Manufacturing Company, No. IA
Milk street, manufacturers OF typewrlters
aud other like machines, assigned to-day TO
George b. Adams and Z. II. Talbot. The
liabilities are reported 70 be 100000 with
nominal assets about the same.
PAU1pING, ONO, June 2.-POtter's
Bank, the oldest bank in Paulding county,
and heretofore considered one OF the safest,
closed its doors this morning. The bank
was established in 1874, and has always
done a large banking business No state
ment given.
NEWARK, n. J., June 2-Vice Chancell-
or Van Fleet this morning appointed Judge
Andrew kirkpatrick, of the Essex County
Court, receiver Of the Domestic Sewing
Machine Company.
CLEVELAND, o., June 2-Ine largest
mortgage ever iled for record in this
county was deposited in the Office OF
county recorder this afternoon Oy the
Cleveland, Chicago & St. Louis r. r Co,
1t is for S5O, ,OOO, 900 in favor of the Mercan-
tile Trust company, of New York, and
Theo p Haugher. OF Indianapolis, trustee.
The mortgage IS on the ccmpany's property
in Ohio The incumberance is payable
June l, 1898.
WASHINGTON, D. c., June 2.-The total
net gold in the treasury at the close of bus
ness to-day was $9l, 439, ,27l. This does not
take into account the gold engaged to-day
al New York for shipment tomorrow. No
advices as 70 how much was engaged had
been received at the treasury at the close
Of business. Because of the heavy ship
ments Of gold from New York, Secretary
Carlisle has ordered gold shipped from
three other sub treasures TO New York TO
keepup the supply there and this gold is
now on the way 20 New York.
CHICAGO. June 9-ChevertOn, Martin &
Co, private bankers, made voluntary as
siEnment to-day. Assets 100000 and La
bI.ties $4,000. The failure is said TO be
due 20 the unsettled condition Of the money
market.
No. ,FcnopaId Csrexv wealthy