St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-05-20
FINANCIAL SITUATION.
Carlisle Thinks Eanks Have Been
Badly Managed.

WASHINGTON, May 10. - Secretary
Carlisle said this morning, speaking OF
the failure of so many national banks,
that the banks were evidently III BAD
condition and failed of their own weight
without any connection whatever with
the general financial condition or inc
country. Comptroller Eckels said with.
out exception the reports from the lalleu
banks showed that their officers were
engaged in outside business or specula-
ton. and used the funds or credit or the
bank for their individual purposes.
BLOOMINGTON. ILL.,. May 19.-W. ii.
Schuerman, proprietor OF the Norman
Exchange bank, which suspended last
Monday, has been taken to jail charged
with enlbezzlement. Friends offered
to furnish bail, but he would not allow
it. Several warrants charging ell
bezzlement in receiving deposits after
he was insolvent were sworn out yes
terday and today. Another was taken
bv lady who had So. 600 i'll the bank.
His liabilities, it is said, will reach
100000.
CLEVELAND, May 10. In the United
States circuit court this morning re-
ceiver was appointed for the Glover
Leaf railroad. An order was granted
by Judge A. }. Kicks in the United
States district court at II O'Clock. on
the application of Stout Cory. OF New
York, who filed bill against the 10
ledo, St. Louis & Kansas City rail-
road. claiming to have a Judgment 1or
$4,000 in the common pleas court at
Toledo. upon which execution hao Deen
returned unsatisfied. Samuel +. Gallo
way, of Toledo, the present president or
the company, was appointed. Tue To-
ledo. st. Louis q Kansas City Railroad
COMPANY extends from Toledo 10 ST.
Louis. a distance of 453 miles, and has
It's general offices III Toledo. 1t was
formerly a narrow gauge railroad, but a
few years ago, its gauge was schanged
to standard size.
NEW YORK, May l9.-The Herald
says: From indisputable sources II is
learned that Erastus Wiman's total
liabilities will aggregate about SOL, ooo,
little more or less, according to
whether certain contingent debts are
counted in.
KANSAS CITY. May l9.-The receivers
of the defunct Winner Investment com
pany have filed suit against the original
incorporatOrs of the company for $780,
600, the amount of stock declared under
oath to have been paid up OF which no
record Of where the money went can
be found.
CHICAGO, May ia bill filed in the
superior court today prays for the ap-
pointment of a receiver to wind up the
affairs of the Monroe Distilling COM
pany. The complainant is the Second
National Bank of Louisville, KY. Some
time ago the plaintiff recovered judy
ment against the defendant for 81, $40,
which has never been satisfied. and for
that reason a receiver is asked fer.
New YORK. May 19.-Deputy Sheriff
Tracy has received an attachment for
s2233, 33s7 against the West Superior Iron
and Steel company in favor OF Richard
w. &. yelling as assignee of Francis
Ii. Weeks, the missing lawyer.
CHICAGO, May l9.-William Deering
| 81 Co. have dismissed all their attach
| ment suits against the National Cordage
| company at their own cost, leaving the
receivers in undisputed possession of
| the properties of the National Cordage
| company.
GREEN BAY, Wis. May 10. - The
| Green Bay Lumber company made an
assignment to A. Schwartz last evening.
The liabilities amount to $4,000. The
exact amount of the assets is unknown.
| The plant alone is valued at S2l, 900.
CHICAGO, May l9.-The air was full
of rumors concerning the whisky trust
today. One was that a conference
which was in session all day would re-
suit in throwing the trust into the
hands of receiver. President Green
hut said:
"The receiver business probably had
| its origin in the fact that we were in
| the money market for a loan today. We
did not succeed in getting it. This suit
has. of course, alarmed brokers, and in
terfered with the accomplishment Of
| orr object"