Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1893-07-27
rrNANolA1 rnounEes.
Very Little Improvements In the sitna-
ton since Last Week.

Very Little Improvements In the Situa-
tion since Last Week. ~
MILWAUKEE,, Wis, July 2l.-The Com
mercial Bank made an assignment at 1880
o'clock this morning. Tbs assifrte il 4.
B. Geilfuss, cashier OF the bank. and his
bond is placed at 81, 200 900.
The entire funds Of Milwaukee county,
amounting to sSl0,694. were deposited in
the Commercial Bank, and tho newly or.
ganized Milwaukee Electric Railway Com,
pany was also the depositor TO the extent
Of $500 900.
The last statement OF the bank showed
demand deposits amounting to s5o7,I4s,
and time deposits of S52s,9l5.
The bank had a, capital of S2Oo'0oo, Dur
ing the financial furry a month ago.
caused by the Lappen failure, and which
resulted In the suspension of the Plaukin-
ton Bank, there was quite a run on the
Commercial but il has been generally be-
lieved that the institution would weather
the storm.
AS there has been no trouble here for
some time the assignment this morning
was a great surprise. ',N.
SAN BERHARDINo, Call, July 2l.--Jemes
II. Eckels, comptroller of the currency,
has authorized the First National Bank to
open, which it did this morning. The
bank has u large capital on hand, more
than enough to pay every possible demand.
It is said the Farmers Exchange Bank
will also reopen in short time.
LONDON, July 21.-A. s. Constantinidi,
recently partner in the firm Of Sopsocles
Constantinidi a. Sons, merchants, of No.
% Palmerston Building, has failed. His
liabilities amount to e96, 294, and his assets
to e., 1927. q
GREELEY, Coll. July 22.-The Union
Bank made an assignment, yesterday
morning, to James +. Benedict of Denver.
It is thought this step was voluntarily
taken to avoid the contingency that might
arise should some creditor take advantage
of the attachment law. The bank is per-
fectly solvent, and not depositor will lose
dollar.
MILWAUKEE, Wis, July 22.-The South
Side Savings Bank failed at 1870 o'clock
this morning.
LOUISVILLE, KY, July 22.--The Ken
lucky National Bank Of this city closed its
doors this morning. The capital stock is
81, 600 600, paid up. This bank is also q
ment showed $3.50, 900 to the credit of the
government. The loans and discounts
outstanding amounted to 81, 719, 986.50 and
the surplus was $l0S, 500.' u.
KNOXVILLE. Tenn, July 22,-The State
National Bank closed this morning after
opening four minutes. The notice posted
on the dooi says:
LIS Dhtlh IlDbGu lOI lbp-
positors will be paid In full"
The liabilities and assets not known out
side. IA III
! LIMA, o., July 22.-The recent failure Of
4 the Citizens Bank of Ada for a large
amount will probably result in the prose-
| cution of the bank people. Only a few
hours previous to the assignment Ahlfield,
the banks hacker, it is alleged, gave mort
cages to his sons aud relatives covering all
1 HE Ona nf rho
| made to son only about IA years old, and
| the depositors propose to contest the legality
| of the transaction. Ahltield has property
enough TO cover all the Liabilities Of the
bank i4l.
PORTLAND, ORE, July 22..-In response
to Geographic query from the editor OF
the Pacific Banker and Investor Of this city
the following was yesterday received from
| Comptroller of the Currency Eckels:.
II ana in receipt Of your telegram of yes
tefday. At New York | said: Disasters
have fallen upon speculative institutions
in the boom cities of the states of Wash,
ington, California. Colorado. Kansas and
Missouri, which have injured solvent
ones do not see that any explanation
of that language is necessary. This is nc
reflection ppon the State as State, or npor
any institution, or any city. except such
as has been known and looked upon rs G
city where speculation Is rife. There is
no one but believes that the great majority
of the financial institutions of the states
named are absolutely solvent.
ION the other hand, no one will deny
that in recent years speculation has beer
carried on in certain localities west to
population. 1t is just as we'll to be philo
sophioal and to state honestly the caus,
of the present depression and not to grow
excited without having reasons therefor
4 WASHINGTON, July 22.-In addition !,
the heavy failure Of the government de
pository at Louisville, three other failure.
of national banks were reported TO Comp
troller Eckels this morning the failure
occurring in sections widely apart.
The failed banks are: The State Ma
tioual Bank of Vernon, Tex; capital
$l00, 900; the First National Bank Oliver
non, Tex, capital, $4,000; the State Ma
tional Bank Of Knoxville, capital, 800, 600
All these banks are small institutions
| the deposits in reach being in the neigh
borhood of 100000.
Governor Cooper, connected with tn
National Bank Of Commence of Denver
COL, had an interview with Comptrolle
Eckels, this morning, as to the bank re
Stunning business. While not assured, it il
probable that arrangements may be per
fected by which the bank can resume in
short time.
LOUISVILLE, KY, July 25.-The Mer
chants National Bank suspended paymen
this morning. .H
The Louisville Deposit Bank has sus
pended. r lf
$50 p. m.-The Fourth National Bapl
: has just closed its doors.
] INpIANAPoIIs, IND, July 25.-The Banl
i of Commerce did not open this morning.
, The Indianapolis National Bank ais
failed to open its doors this morning.
The Bank of Commerce has suspended
The Indianapolis National Bank, capita
100000, which closed its doors thi
> morning, fails for 81, POO, 600. For som
4 days ruinors have been current to th
effect that the bank was in trouble an
4 those rumors have had the effect of star
ing quiet run upon it, which deplete
the banks funds and finally made nece:
sary the action of to-day.
For many years the Indianapolis Ma
1 tional has been regarded as among th
0 strongest banks in this city. ITS suspensio
: Is due to the general financial stringencJ
4 The Indianapolis National Bank is one {
: the oldest, and has been one of the mos
fourishing, banks in indianapolis and th
entire west. 1t is one of the landmarks Q
the northwest corner of Pennsylvania an
Washington streets, where it has been |,
: Gated for nearly generation. The gentl'
a man who was president at its organizatio
!. in 1874, I. p Haughey, is its presider
' still, and during its entire existence ther