The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1893-05-14
WESTERN BANKS.
The Trouble Is by No Means at an
End Yet.

MILWAUKEE. Wis. May 1S.-The fact
that the Plankinton Bank had loaned
$4,000 to the firm of Frank Lappcn &
Co, which broke down on Friday by at
tachment proceedings begun by the bank,
had decidedly psnicky effect on the
smaller depositors Of that institution, and
long before the hour for opening the bank
this morning the streets in the vicinity
were crowded. As soon as the doors were
opened there was a long line Of men and
women in front of the teller's window,
and that officer kept his post steadily until
o'clock this afternoon meeting every de-
! mand, total of sfeo,ee6 n small sums.
Shortly after the bank opened special
train of one car and an engine arrived
from Chicago with 1900 cash, balance
due the PlaukiDton from the Continental
National Bank of Chicago. and the clam
OrlDg 6sposit3Io had made only short
inroad upon this before a messenger
arrived from tile Wisconsin Marine and
Fire Insurance Company's Bank with
So, ,000 due from that institution.
There were plenty of offers of help from
other banks during the day. the Clearing
house Association having passed a resolu-
tion to help the Plankinton, but their
assistance was not needed. and the
Plankinton came out with flying eolors,
having paid to the depositors every de-
mand made during the regular banking
hours and for two hours following. The
threatened panic is over, and feeling of
confidence prevails in commercial circles
The committee Of creditors in charge of
the affairs of F. A. Tappen & Co. has
given out statement that the liabilities
and assets of the firm are represented by
the same fgnre, 100000.
EDwARpsBURG, Mich. May 13-The
doors of the Edwardsburg Bank were
closed this morning, and there was a no.
tice posted by the cashier, saying the sus-
pension was only temporary, and that
depositoIs would not lose anything if they
would stand by him.
Fort WAYNE. Ind, May 13-The Citi-
zens' Bank Of MonroeyilIe. in this county,
closed lis doors at noon. causing much ex
element. 1t was organized by Dwiggins
& Starbuck of the Columbia Bank, chi
eagO, some years ago.
LITTLE Rock, Ark, May 13-The United
States Grand Jury at noon fled a report of
its investigation of the affairs of the First
National Bank, returning five indictments
Three of the Indictments are against
Horace d. Allis. eX-president, and charged
him with making false entries, making
false statements to the comptroller and
converting S1,000,0O0 of the assets to his
own use. The remaining two indictments
were against Bank Examiner Walker and
ex-Vice-President Nick Kupfoil They
were jointly indicted on eight counts
charging them with false entries in their
report to the comptroller in May and Sep
tember, 1891. of the banks condition.
KIsAMMEE. Fla, May 13-The kisam-
NEE City Bank did not open this morning.
1t is rumoreG on the streets that he liza bill
ties are about $4,000 ard the assets $780,
900. The cause of the suspension is slow
collections and general scarcity of money
LINCOLN. Nebr., May 13.-Kendail and
Smith. grain-dealers. with numerous ele-
vators throughout the State. ave failed.
There are mortgages on their property
aggregating nearly $500. 600, and pressing
claims came which. it was alleged, colld
not be satisfied Among them was one
from the president Of the board of direc-
tors Of the Columbia National Bank of
Chicago for $4,000. The local banks, 1t
is stated. are also heavy creditors. An
exact statement of assets and liabilities
cannot be given.