New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-07-16
BANKS AND FIRMS.
MORE SUSPENSIONS REPORTED IN THE
SOUTH AND WEST.
ANOTHER KANSAS CITY BANK CLOSES ITS DOORS
DETAILS OF FAILURES.

ANOTHER KANSAS CITY BANK CLOSES ITS DOORS
-DEr,IIs or FIXTURES
Kansas city July I5-Thc Northrup Bank OF Kan.
,aS city, Kan. Of which j. :. Chick, Of the Na''ona
Bank Of Kansa, city. which failed yesterday was also
president closed is doors this morning. The NORM
rp Company Voluntarily placed Itself In th" charge OF
state Bank Commissioner Brcidcnhal. The fact that
PRESIDENT Chick Of the National Bank Of Kansas city,
T., also president OF the Norhrup naturally caused a
run on the latter bank this morning, and while the
c,ndon Of the bank seems 10 be- exceptionally good,
#, officer, did not care eopardizc their assets by
meeting tn" and at 10 O'Clock closed the Pahk ;
doors. The bank has Il paid up capital OF SlO"'o~
with surplus Of $4,000. 1t, assets are $4,000
and its liabilities $4,000. II is believed That the
dopositors will ultimately be paid I'm full
The Northrup Bank is not the only one In the CITY
suffering from the feeling Of uncasnc's resulting from
the failure Of the National Bank OF Kansas city In
fact when banking hours opened thi, morning thTr
crowd, Of greater less proportions around all
the National banks
There was qri run on tn National Bank Of Com
mcrcc that concern opened for business TINS
morning. In "A statement made yesterday the condi-
ton he bank shown TO be good and the on'la
assert that they will be able stand long run,
which, however. they think will not Occurr. The
statement shows cash hand Of ~ 631 with de-
poss Of S2.971 337. showing more than the 20 per
cent reserve required By law. The capital Is $1,000,
900.
The directors Of the bank yesterday signed an agree
p,dgng their entire estate, for tn security Of
dcpo,ltors There not member ~ tn" board
who hcsatcd To- sign the paper. The directors repre-
sent a combined wealth Of - 100000.
PEORIA H.. July 18th" private banking house OF
William ObcrhoIscr closed it, door, at o'clock this
afern. on. II one Of the oldest institutions In
TIL, city. and regarded aS an unusually sub
stantial institution No statement of assets and
liabilities Is yet obrainabc.
,tarkvilc. Miss, July 1.-THE First National Bank
closed II, yesterday morning, rs result of the
financial stringcncy. The assets and liabilities are
not known but IT Is believed the depositors will ult
ma-ly be- Iad in full. The bank has paidup
capital Of 10000.
Gallntin. Mo-. July 1.-THE Citizens Bank OF
.mr.pot made assignment Thursday night for the
benefit Of creditors. It, liabilities ar" abont $4,000.
The assignment Is due Ia" present stress in money
markets.
Cairo H.. July 1.-THE private bank Of Hay q
Webb Of this place. has made assignment. Tn"
assets ARE about .9i 100 ana liabilities about $50,
COO. Al meeting 81 the creditor, Of the in,olv'nt
bank held last evening. srri", Of resolutions were
adapted placing the affair, Of the bank In IN" hands
Of j. Il. Webb. % the firm, and committee of tire;
creditors Leonard lyle, Jane, j. Mctlntock and
George ". Clarh-to wind mp III" business. TIL" gen
cra opinion +, that the creditors Will BE- Paid in fun
Cincinnati. Juy 1.-Two receivers were mp
pointed for The John kaunm,nn brewery th, morn
ing. The application made los Mr.. Mary Kauir-
Manu. widow oil John kaufmnnn, To Jndg' wilson.
he owned sIG. 900 Of the stock Nol", amounting 10
$4,000 viii fall due in August. Ih" company could
not rails. money TO meet them. They say that III"
assets amount to 100000 and labllItir, 10 $50
900. Attorney Frank shelter and Brewery Manager
Emile schmitt appointed receivers.
- Louis, July sheriff stead has just taken
po--.s-i ~ the oncc and books Of Milo l. Bosari,
81 the largest real estate men In the city IL" Is see
rotary Of the Western Union Building ana Loan iss9ca
iOr, No.. l. =. :. t. >, ana Il, each capitalized ~
srOoOOO Yesterday B0gHrd ga'e warranty deus OF an
hi, property Ia John II. Nclir. money lender me
Stockholders OF The NiN n,NorailonN i'srn'I ni III"
transaction, and this morning. alarmed Tor th'r own
interests. svamrd 70 Bpgard ONO" ana TOOK pos
commenced. but II viii take long nm" To uhrdN'l
them jn their complicated condition IN the mean
line Eognrd could rot b" found ana lhrTri2rr no
,Nplnnalion OF hi sid" "f IN" situation coud De CD
iained. BOeaId IL under bond Oi Tl1.On 10 III"
building and Loan associations To secure them.
Valparaiso Ind, july ID H." Dnlan.y CLOCK
Work, made an assignment Yesterday and Eli Norris
Va, appointed receiver. II /, thought That the Ia
lall,r, i'll amount $4,000, aud the T., $4,000
,hcngo July Eth, Bon Ton FOUNDRY Com
pany assigned today. Assets, tl7joo0; liabilities,
200 900
Chicago July l. CspccluD.-About twenty creditors
Of the Grant iocomot.vr orts held meeting To.
day to determine whether I'll" property should De- 30
secure payment OF $4,000 Of stock not yet paid up
'"rn Of lin. Nile, Tool Works. was made chairman.
As glc. Alderman va present. and stated INA; ne
Wa out $4,000 Whcn amount he had paid for
wages To employees Of the works without security or
cont order lie e.Srd permission To sell sufficient
stock 10 make up hi, deficit. No action was taken
on the matter. The meeting ADJOURNED after appoint
ing u committee to confer with the assignee When
The committee has completed lis investigation II Will
call another meeting OF ia" creditors and make
report
Chicngo July I5.-Grorgc W. Ludlow q Co. whole
-nlc shoe dealers. made assignment this afternoon
10 Frink :. oliver The company hae II large, store
IN Market st.. aud own u factory al Elgin ILL., No
schedule Of assets liabilities accompanied the deed.
voluntary assignment VA, made in the County
Cour by .Jonc, brothers. wholesale grOccr~, No.
15l WalElShavr.. 10 Randall W. Burns, assignee;
asst, $50 coo: Liabilities. sc coo.