Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1893-06-20
CONCERNING BUSINESS AND FINANCE.

WILMINGTON, DEL, June 19.-The bank
of New Hanover did not open to-day and
the following notice was posted:
lowing 10 the withdrawal of more than
1920, 900 deposits and notices OF over tloO,-
600 intended Withdrawals maturing In
few days and also to its inability to realize
quickly on account of the stringency OF the
times the bank of New Hanover has been
forced to make an assignment TO Junius IL.
Davis in the interest of all concerned. De
positors will receive dollar for dollar and
the business will be wound up as rapidly
as possible. 49,,
The general belief here is that the fall
ure is entirely fair and honest The assets
are estimated at 81, 200, ,Oo0a the liabilities
at $500 900. All unpaid collections or the
Bank of New Hanover have been turned
over to the Wilmington Savings and trust
Co. for remittance. The closing OF the
bank was followed by run on the Will
mington Savings and Trust Co. and the
bank was crowded with depositors The
bank is paying full amount on deposits OF
500 or under and 800 on all larger deposits.
No deposits under this rule can draw over
500 without thirty days notice. There
seems TO be no doubt of an entire solvency
of the bank
COLUMBUS, o., June 19-J. & G. Butler,
wholesale grocers, assigned to-day TO Chas.
Butler. Liabilities, $4,000; assets, $SO,O0O
TO 100000 Cause financial strinRency IN
times. Been in business since 1854
INDIANAPOLIS, IND, June l9.-The Capt.
tai National Bank, which suspended pay
ment May II, resumed business this morn
ing.
P1TrsBURG. PA, June 19.-The third and
final account of the assignee OF the famous
Penn Bank, which failed seven years ago
for $S, 000, 600. was filed to-day. The bal
ance on hand will be sufficient to pay the
creditors one-eighth per cent, or twelve
per cent in all.
New YORK, June 19.-Justice Lawrence
of the Supreme Court has appointed Henry
I Bracket receiver of the Cassel Publish
ing Company, in an action brought by II.
s. Archer. director and former vice presl-
dent on allegations, that it has become in
solvent. The company's financial cosdi-
tion is attribute to its president, oscar
M. Dunham, floating el6S,OOO worth or
paper for his own obligations, IL IS de-
clared. Dunham is said TO have disap-
peared.
receiver was made by Gen. B. +. Tracy as
counsel for the Company, and Austin B.
Fletcher, of No. 20 Broadway, who is at
torney for many of the creditors. Henry
]. Braker, the receiver appointed, quali1ss
in bond of 100000.
WASHINGTON, d. c., June e19.-Gradually
and in the absence OF export, the gold IN
the treasury is increasing. Today II is
S93, 719 $40, an increase since Saturday Oh
more than 800, 600 and a gain Of nearly
s5 600 600 during the past three weeks
The fact that American grain is now ind
ing foreign markets is given as the reason
for the cessation of gold exports and the
fact that the west is receiving large guam
titles OF money from the east accounts in a
large measure for the building up OF the
treasury gold, as gold is being deposited In
New York for currency delivered by the
government at western points.
BUFFALO. n. Y, June 19.-Mr. ]. n.
Adam was to-day appointed temporary re-
ceiver of the George L. Squire Manufac-
turing Company by Justice Lambert In
special term of the Supreme Court day
and his boud was fxed at $4,000. Llaoll-
tiles are about 500, 900 and the assets $780,
600. Cause, stringency Of the money mar
ket
ALBANY, OREGON, June 19.-Lynn Coun-
ty Bank closed its doors this morning.
The cashier says the liabilities are ABOUT
S22O. 600. and assets $3lS,0OO. Deposltors
will be paid in full.
New YORK, June l9.-The Eaton Cole
and Burnham Co., manufacturers Of brass
goods at Nos. 50 and 81 Fulton street, are
in financial difficulties and receiver IS
asked for.
BosroS, Mass, June 19.-The Little
Kauawha Lumber Company. Maine cor
poration, capital stock Of 100000, with
$S47, 600 actually paid in, is financially en-
bsrrassed and has been placed In a re-
ceiver's hands. The assets are LOO 600;
liabilities, $TS5. 900, consisting Of negotiable
paper