The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1893-06-21
YESTERDAYS FAILURES.
An Oregon National Bank Goes to the
Wall

An Oregon National Bank Goes to the
Wall.
WASHINGTON, June 2O.-Comptroller
Eckels has been informed OF the failure
of the Linn County National Bank Of
Albany, Oregon. The capital stock is
100000. Bank Examiner Jennings has
been placed in charge.
WILMINGTON, June 20.-Adrian e. Vol
lers, wholesale grocers and liquor deal
ers, one of the Oldest business houses in
the city, has assigned with preferences.
The failure was precipitated by that of
the Bank OF New Hanover, ia whose
favor they executed a mortgage for 5000.
600 some months ago. But few deposit
tors are calling for money at the Will
mington Savings and Trust Companv's
banking house to-day, and some Of
those who withdrew money Yesterday
have already returned it. Deposits are
being freely made by business men this
morning.
CHIoAGo, Juno 2o.-rhe General
Engineering Company, of Harvey, Iii.
has assigned and the liabilities are said
TO be 1000.
MINNEAPOLIS, Mimi, June lO.-Jas.
Mcmillan, of Minneapolis, has made
voluntary assignment to NJ G. Fletcher.
Nc MILAN was in the hide and fur bust
ness until short time ago, when his
business was transferred to CORPORA
ton known as James Mcmillan e. Co.
The assignment does not affect this
corporation. Fletcher estimates his
assets at about 100000. liabilities,
$3.50, 600. OF the liabilsties 30 per cent
are foreign creditors, persons who have
made assignments OF goods to him, or
furnished capital. The other 40 per
cent. is Minneapolis people.
MINNEAroIIS, June 20.-The Peoples
Bank OF this city suspended payment
to-day. Assurances are given that the
depositors will be paid in full. The
suspension is caused by the assignment
of James Mcmillan & Co., hide mer.
chants. Mcmillan was president of the
bank, and since his financial condition
became known there have been large
Withdrawals from the bank by the de.
positors. This finally forced the sus-
pension, although the bank officials de-
clare the institution to be perfectly
solvent. The bank is only two years
old, and its paid.up capital was but
100000 The suspension caused but
little comment, as the bank was known
to be small and weak.
RICHMOND, Va, June 20.--Isaac Held,
dry goods merchant of this city. made
an assignment to-day. His liabilities
are S1O,5OO.
CHATTANOOGA, Tenn, June 2O.-The
assignment OF the City Savings Bank
yesterday caused scarcely a furry in
financial circles to-day. The Chat
tanooga Savings Bank, as a precaution.
airy measure, took advantage of the sixty
days notice of withdrawal of deposits.
None of the banks lost deposits today,
and in most of them deposits increased.
The community is so confident that the
depositors of the City Savings Bank
will be paid speedily in full that mer.
chants are offering 10 take their checks
at par in payment of merchandise. The
agent of Dun 81 Co. denies that the
failure was caused by erroneous in
formation furnished BY them in con.
fusing the name, City Savings Bank"
with that of the Penny Savings Bank,
an institution which was embarrassed.
There is some Likelihood that the City
Savings Bank may arrange its affairs so
as to resume.
WILMINGTON, n. c., June 2O.-At
OF the executive CO mmittee of
the Wilmington Savings al Trust Com.
pany held here to-day, 1t was decided
shat, teginning Iune % h next, de.