The times. [volume] (Richmond, Va.) 1890-1903, 1893-07-23
KENTUCKY NATIONAL FAILs.
Also National Banks of Tennessee, Texas
and Wisconsin Forced to the Wall.

Also National Banks Of Tennessee, Texas
and Wisconsin Forced to the Wall
LOUISVILLE, KY, July 2-The Ken
tucky National Bank Of this city, closed
It's doors this mofnirg. The capital stock
is 81 0m00, paid up. This bank is also a
Government depository, and its last state
ment showed $4,000 to the credit Of the
Government. The loans and discounts
outstanding amounted 10 81, 7l9,3 366, and the
surplus was SOs.J0o
1t IS thought that the bank will be
able 10 resume business I'm a short time.
II has been carrying an immense amount
Of paper which. although gilt edge. could
not be realized on. The bank is the Gov
ernment depository and I'm the state
ment Of the bank. published July 18th,
the Governments deposits are placed at
$l9l. .73l. Deposits Of the United States
disbursing officers $l3S.2S According 10
the statement. the amount Of cash on
hand July 18th was little over $4,000,
individual deposits subject 20 check OF
S3ll .G95. and the loans and discounts were
I.19966.
The bank GOT into serious trouble in
the fall Of 1880. by having very heavy
deposits from the country banks. which
we're checked so rapidly as 10 threaten
"A suspension Of the bank. IL has never
recovered from that trouble, and its fall
ure has been expected for several months.
No other banks are hurt.
The Kentucky National Bank was
United States depository and has Gov
ernment deposits amounting to about
100000 and it's inability 20 make prompt
transfers on this account was the imme-
dlatc cause OF the suspension today
During the past three years its surplus
I'd q
100000. The officers and directors do
not expect 10 resume for some time, If
at an. and IL IS generally thought that
A. will not resume at all, unless IL should
be entirely reorganized .T
Bank Examiner Esoott to-right au-
thorizes the official statement that he
has examined all the national banks IN
Louisville. and it's vicinity, and they are
all solvent. and most OF them I'm very
good condition. Future trouble Is not
expected. unless the small depositors,
mainly Germans. become frightened over
Sunday and start runs ON the banks
having large numbers of small depositors.
KNOXVILLE. TENN July 2.-Ihe
State National Bank closed this morning
after opening four minutes. 4 notice was
posted on the door saying. This bank mas
closed for liquidation. Dcpositors Will be
paid I'm fun"
The state National Bank Of this city,
closed it's doors this morning The bank
has long been known % be the weakest
I'm the city. Yesterday. when $4,000 in
doposits were Withdrawn. 10 WAS more
than IL could stand. 4 meeting OF the
directors was held last night. An oiter
of SmOO 10 pay dcpOsitOrs should run
occur to-day was made by other banks.
The offer was not accepted however.
When IL opened for business this morning
a run was precipitated, which only lasted
"A few minutes. as the bank closed its
doors for liquidation.
A notice on the door says II will pay
depositors dollar for dollar. The stock
holders will also receive 50 cents on the
dollar.
Ii was feared that the closing OF the
State National would cause panic I'm
Knoxville financial circles which have
heretofore been considered very strong.
4 slight run was only made on the city
National Bank, which is just opposite
the street, but dcpositors were paid In
full. The scare was soon over. There IS
no more uneasiness felt here.
LAMPASAS, TEN, J-ly Z2.-The pri-
vate banking house of J. & /" W. Gal
braith failed 20 open its doors yesterday
having made an assignment 10 j. J. Camp
bell. Liabilities. $4,000; assets. $lz0OOO.
A run on the First National Bank was
started. but il was fortunately In posi-
tion 10 withstand all demands The de-
positors I'm the Galbraiths' bank will be
paid in fun.
DENVER. COL, July 22-On petition
Of the General Electric Company, Judge
Hallett, in the United States Court to-day
appolnted T.. B. Shattuck, Of Pueblo, re-
ceiyer Of the Pueblo Cty Railway Com
pany and the International Trust Com
many. The liabilities of the company are
placed at $4,000.
VERNON. Ten. July 22.-The state
National Bank OF Vernon closed its doors
Yesterday. Every cent OF money was paid
ont. except ten cents, before the doors
were closed The failure is duo TO the
inability TO realize on securities. The di-
rectors state that depositors will be paid
IN full -,
MILWAUKEE,, WIS. July 22.-The MIL
waukee National Bank closed its doors
this morning.
MrTWAUKEE. WIS. July 22.-The
Southside Savings Bank did not open its
doors tits morning.
TOpUEA. KAN, July 22.-The First
National Bank Of Anthony closed its
doors yesterday. Assets, $4,000, liabili-
ties. 10000.
MEMPHIS, TENN, july Zz.-lhe 'iu~
zens' Bank. ~ Jellico, Tenn, the only
ban.ing institution in that place, failed
to omen for business yesterday.
GREELEY, col. July 22-The Union
Bank made an assignment yesterday. IL
is thought the step was voluntarily taken
TO avoid contingency that might arise
should some creditor take advantage OF
the attachment law. The bank is per-
fectlv solvent, and not one depOsitor will
lose a dollar
RUSSELL. KAN, July 22.-The First
National Bank. OF this place, closed
this afternoon. and was taken possession
OF by G. NJ. Sawyer. on the order OF
the Comptroller of the Currency. No
is made.
Run on "A Homestead Bank.
HOMESTEAD, PA. July "a run Of