The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1893-05-16
MANY BANKS FAIL.
Financial Disasters All Over the Cour

Financial Disasters All Over the Country
PORTLAND, Ind, May 12.-The Dun
kirk National Bank, of Dunkirk, owned
and controlled by Dwiggins, Starback
81 Co, Chicago, has failed, Their liza.
bllities will Oe at least SIS, 600. The
firm owns a number of other banks,
and these are reported to have gone to
the wall.
KoxOMo, Ind, May 12.-The State
Bank OF RussiaviiIe did not open doors
this morning, It was a small institu-
ton controlled by the Columbia Ma
ti0ual Bank, Of Chicago. Some of the
stock is held by farmers in the vicinity.
Officers claim that neither depositors
or stockholders will lose anything.
The bank of GreentOwn has closed
it's doors. Suspension is due to the sus-
pension Of the Chemical Bank of
Chicago
CHARLEvoIx, Mich, May 12-W. P.
Brown & CO, bankers. dong business
uuder the name Of the Bank of Charlie
voix, have made an assignment to r.
w. Kane. No statement has yet been
made as to tbs cause Of the Suspension.
RAWPAw, Mich, May 12-GTeat ex
element prevails at Lawton. The
managers OF the local bank there did
not open the institution this morning,
having LETT town last night. The citI
zens have some $I8, 600 deposited n the
bank.
TOLEDO, 0, May 12.-The Ottawa
County Bank, at Elmore, a branch Of
the Chicago Columbia. has closed It's
doors and the bank officials are not TO
be found.
INDIANAPOLIS. Nav 12.-THa Bank of
C0lu abba and Cne National o. Green
wood are said TO have failed. The
Farmers and Merchants BAuE Of
Geneva, Ind, closed IT'S doors AZ noon.
1t was the Oldest institution Of the
kini in the town.
Convoy, Ohio, May u -The Bank
Of Convey. OHIO, closed It's doors to-
day, caused by It's relations with the
Columbia National Bank Of Chicago.
No statement Of the banks condition
has been made. a card on the door
states: This bank has suspended"
PORTLAND, Ind., May 12.-The Dun
kirk Bank Of this City failed this morn
ing with liabilities estimated at S75, 600.
Others are threatened.
CHICAGO. Ill, May 12.-Three more
Of the banks in this city r reported
in an embarrassed condition.
WILMINGTON, Del, May 1.-THE n
U~DuLICSAlACIIO vi CLiG ldlLuI5 Ol II, IL,
Robinson & o., bankers and brokers
of this city, to day, created a profound
sensation. The rumOrs of the failure
Of this we'll known firm has been on the
street for several days, and business
circles have been excited. The liabili-
ties Of the firm are estimated at $780,
600, while it is said the assets will not
exceed 800, 900. The sheriff has seized
| all the property Of the bankrupt firm.
INDIANAPOLIS, Ind, May 1.-THE
Capital National Bank Of this city has
| suspended. The stat ament is made that
the closing Of the banks doors was
made necessary by the failure Of the
Chemical National Bank Of Chicago
last week. which institution owed a
capital of 800, 900. The bank also car
ried a large amount Of the Premier
| Steel Works papers. The latter con
| Germ was placed in the hands Of a re
| ceiver Friday last.
LONDON, May 11.-Hallet and Com
pany, navy agents and bankers, have
suspended. The suspension has caused
a sensation in military and naval cir
cles at West End, as many officers are
depositors with the company.
MELBOURNE May 9.-The bank of
Victoria, of this city, suspended pay
ment this morning. The liabilities
amount to over 81, OOO, 600.