Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1893-08-03


are in excellent shape and no suspensions
will occur
PLENTY or MONEY ON HAND TO PAY.
NEWARK, n. j., July 29.--There is
slight run to-day on the Howard Savings
Institution of this city. A long double
line of depositors has been passing in
front of the paying teller's window all the
morning. The officers of the bank say
that they have plenty Of money on hand
to pay all demands The Howard is the
strongest savings bank in the city.
CHICAGO, Ill, July 31.--one thou
sand unemployed mon reached Chicago,
yesterday, on freight trains over the
various WESTERN railroads running into
the city. They scattered as soon as
they reached the suburbs, for fear they
might be arrested by the city police
men. One gave the name of g. K.
Fenson and said
ave came from Colorado. l am
maehinist, The mines shut down there
and factories began to close. Governor
| Waite made his memorable speech about
the coming revolution, in which he was
going to ride in blood to his horses
bride. Then capital became timid, banks
busted factories closed and labor be-
came as frightened as capital and now
/ every workingman who can get out of
that State is going. The men 10 this
crowd are not tramps. They are me-
| chanics and workers in mines, and
Colorado will see the day that 1t would
like to have them back in its limits"
The number of men now out Of work
in Chicago Is larger, probably, than ever
before. The work with building trades
In the Worlds Fair, as well as in the
city auxiliary TO the Fair, has come to
an end The building in the city that
continues is trivial compared with the
rush incident to the Fair. Laborers are
being thrown out of work daily. Facto-
ries are reducing their working force.
The General Electric Company fur
nishes one instance in the discharge last
Saturday of 10 travelling statesmen. 1t
will also at once reduce the office and
shop forces.
Many other large employers of labor
in the city are adopting the same course.
No provision has yet been made by
Chicago authorities for caring for the
unemployed toilers from other cities. Ii
they continue to pour into the city, as
western dispatches indicate, in armies
of from 5000 to 5000, 1t may become a
matter that will demand either their
transportation or other action on the
part of the commissary department.
AKRON, o., July 31.-The Akron
Savings Bank did not open this morn.
! ing for business. William Buchtel,
president of tho bank, has been ap-
pointed receiver. The capital stock is
$500 900, with reserve fund of $4,000
! and undivided profits of $4,000. The
bank will pay dollar for dollar. The
cause of suspension is inability "a
!, realize on securities.
A PRIVATE BANKING HOUSE sUsPENDs
HoRNELLsvILLE N. Y, July 3D.
The private banking house of N. M
Crane & Company, closed its doors thi!
morning. The suspension is attributed
! to the general stringency prevailing il
business circles, and the value of asset
, is stated to equal the liabilities-bu
: cannot be realized on at present.
THIS BANK HAS RECOVERED.
WASHINGTON, July 31,-The Firs
: National Bank, Kendallville, Ind.
which suspended payment June 22d
1893, has been permitted to reopen it
doors for business.
RUN SUBSIDIZED AND CONFIDENCE RE
I, uI STORED.
: YOUNGSTOWN, OHIO, July 9Th
!. run ON the Dollar Savings Bank has en-
!. tirely subsidized, and it is thought conf
- dence in the local banks has been re
stored in the public mind.
= Several brokers did land office busi
. ness Saturday, buying book account
with the Dollar Savings Bank, and thi
i did much toward stopping the rur
Quite number Of foreigners are draw
d ing out their deposits to leave tn
!. country.
y INDIANAPOLIS, IND, Aug. 1.--Yeste
at day afternoon Louis Akin was al
4 pointed receiver for the Eagle machin
works. The company's liabilities al
r. about 100000, and its assets, nom
d nslly, $15o,00o.
re Born s. Co., furniture dealers, a
signed, yesterday, and filed papers !
which the total assets were shown to
g. $41, 146.09, and the liabilities abol
le $8S,000.
s. The Indianapolis Provision Compan
y, assigned for the benefit of its creditor
ge Harvey Bellenger, a grocer, also mac
ID. an assignment.
FAILED WITH LIABILITIES oF $4,000
" HELENA, Mont, Aug. I'M.
is Cheesman, extensive owner of re
be estate and largely interested in Il
re- Helena Consolidated Water Compan
IN assigned yesterday. His liabilities a
~ 're about 100000.
ENFORCING THE 60-pAys RULE.
CLEVELAND, o., Aug. 1.-The office
,al OF the savings banks of this city m
ae yesterday and agreed to put into effe
tie the rule that makes so days noti
ng imperative before money Is drawn fro
No the banks by depositors. There is !
'n apprehension of trouble, but the ban
:, thought they would take time by d
N. forelook, as there have been numb
le. of runs on the banks in towns adjace
m. 10 Cleveland.
IN MAY RESUME IN SHORT TIME.
ses WHATcoM, WASH, Aug. 1.-Bellin
no ham Bay National Bank has closed
doors. Assets are $2T0,000; liabiliti,
are $160,000, The bank will probably !
mn sumo business in short time.
on A PRIVATE BANK CLOSES.
nd ASTORIA, ORE, Aug. 1.-The privs
X x bank of /. w. Case closed its doors "
'he terday.
COULD NOT RAISE THE WIND.
av- AUBURN, IND, Aug. 1.-The MONT
Il. Company, manufacturers of windmill
es. failed yesterday. Assets, $65, 600; liabi
de- ties, $4,000.
PSF CHESTER COUNTY INDUSTRIES sUFFE
Inc WEST CHESTER, Pa, Aug. 1T
loh Brothers paper mills and the Mill,
by Bond building works at Downingto'
ion shut down yesterday, and many of I
,ial hands of the Downingtown Imprc'
ley mant Co1nnanV were discharged owl