Evening star. [volume] (Washington, D.C.) 1854-1972, 1893-06-05
+Au UDlllON.
CLOSED THEIR DOORS
MeadoWcraft Bros, Private Bankers
at Chicago, Fail.
FINANCIAL UNEASINESS IN THE WEST.
Sinking of the Steamer Kaiser
Wilhelm.
FINANCIAL UNEAOINENS IN THE WEST.
OTHER TELEGRAPHIC NEWS.
FINANCIAL UNEAsINEss,
Meadowcraft Brothers, Private Bankers In
Chicago, SUSPEND.

Meadowcraft Brothers, Private Bankers in
Chicago, suspend.
CHICAGO, June 5-Mesdowcraft Brothers,
private bankers closed their doors this morning.
crowd quickly collected on the street and
anxious inquiries as 20 the cause of the closed
doors went around. No sign was posted on the
doors. In response to calls a clerk came to the
doors. ''The bank will no. open today" he
said. and withdrew.
The bank Is a private one, the Arm being
composed of Robert. Charles J. and Frank r.
Meadowcroft. The business was established in
1850 b. the father Of the present proprietors.
The bank occupies the quarters formerly
used by the Park National Bank whic failed
some time ago. Lyman E. Crandall has been
appointed receiver.
RUN OF THE STATE BANK OF COMMENCE.
The State Bank OF Commerce.
having Offices en- the ground OF the
worans Christian Temperance Temple,
is experiencing heavy run this after
noo=. 1t started just before noon with the
appearance OF some thirty or forty 6epositors.
The news spread like wild fire and
within half hour the LOBBY was
filed with an excited crowd Of men and
women. who tore and crushed in order to get
within the glass doors. The scene attracted
over rkoCsaEG Of the general
public. ard the throng increased to such
proportions that IL necessary to summon
several Policemen. who admitted the
frenzied crowd Ut.e by ore rs tnss those at
the head o. the lire received their money.
At hsh-pass twelve an iron bar red express
wagon. containing several bags OF gold.
was hurriediy driven u? 70 the build
irg ard the money carried in by
stalwar: wa:chmen and placed upon the cocn-
te-s. This. however. did not aliav the aupre-
tensions o. those outside. and for whiie the
crush YVES intensified.
TIE bank officials did rot seem to be N the
least alarmed.
Cashier Frederick Miller said to the repre-
sentative Of the United Press: I'VE are not
alarmed and we will meet this rUa.'
Then he added. rs a kind of after thought:
.'' hat is. rs long able
The officers ard directors OF the bank are ali
wealthy Germans. Herman Fe.se.-.la, is
president and jacob G:oss vice -re.:dent
IL mas capital @: half n million OF dollars
OH Nav 10 showed deposi.N of
81. 200 900 surplus and U-d:v;ded profits S25,-
600. againss which il mad about S3O0. 900 in
cash. the balance beng covered by loans and
discounts. overtrafts and bords.
Inc character OF the crowd during the run
indicated thai the eeooSitorS were largely peo-
pie OF small or limited means. Fully 20 per
cent were women.
T. A. Armstrong. & Co.. dealers in uniforms.
made voluntary assignment this morning.
Assets are stated to be S2,5.009; liabilities,
100000.
\ run on the Prairie State Savings Bank.
which started Saturday, was resumed this
movri-g. The oGcers are confident. however.
tina: they have ample means available 20 meet
all demands from depositors. The banks bust
ness IS practically confined to the west side.
CLEVELAND. ONO. June "a dispatch from
Sandusky says: A savings bank here was put
IN the hands of a receiver this morning.
A Rim IN NrIv,ryEr
MILWAUKEE. June "a run is row in Pro-
gress the South Side Savings Bank. Some
two or three hundred people block up the side
walk in front OF the bank. but everything is
G-iet ard orderly. There is a slight run ON the
Second Ward Bank. but the demand on the
Commercial Rank seems to have subsidized.
Affairs at other banks are about in their nor
NAL condition. The failure OF F. T. Day late
on Saturday seems to have increased the ner-
YOURS fears of small depositors. Business men
are not in the least alarmed at the situation.
and predict that the furry will end in day or
two unless it is aggravated by more failures.
KANSAS CITY, June 5-Ths Kansas Grain
Company. big commission house with branch
Offices al over Kansas. has failed.
WASHINGTON BUTCHERS SONS IN PHILApELPHIA
PHILADELPHIA, Pa. June 5.-washingtou
Butchers Sons. provision dealers, today filed
an assignment, with George W. Lex as the
assignee. No state ment Of the assets or
liabilities can be obtained. The t;shtness Of
the money market is the announced cause of
the embarrassment.
vIRGISIANs FAILURE.
Special Dspatch TO The Evening star.
PETERSBURG, Va, June Sc. C. McCulioch,
one of the largest merchants at Blackstone, this
state, has made an assignment. His property is
valued at 900, and his creditors are secured
in classes. His whole Indebtedness is about
S43. coo.
The nrst class simply includes expenses Of the
trust. There IS no question about his property
paying second-clsss debts in full. and probably
the third and foarth-ciass. while there is a pos
sibility Of all the Gebts boing paid in full.
EULALIE WILL BE DISAPPOINTED.