New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-08-05
MORE BANKS SUSPEND.
THE MONETARY sTRINGENCY WORKING -
AsTERS IN MANY STATES.

THE MONETARY sTRINGENCY WORKING DIS
AsTERs IN MANY STATES.
Providence II. T., Aug 4.-The state Bank OF 'n'
city was unable 10 meet its balance at the ProVlae"o
Clearing House to-day and closed Its DOORS IL l, no'
National bank and II has a pad-up capital oil 80 ;
600 The suspension Is probably only temporary a'
,s due 10 the stringenc. OF the money market ','
the withdrawal OF deposits. The BANK was one VI ~
oldest OF the state banks and instituted IN looo
II has not been regarded sound. The report vi
tho STATE Auditor In November, 1892, shows us W.
i,s IN no go3a OCO The officials say this afternoon
that the bank will undoubtedly go into liquidao"
II has many tImeloans out.
Lebanon. Penn. Aug 4.-The Lebanon Trust ana
SAFE Deposit Bank failed to open its doors ms morn
Ing This announcement was made lis Jam"
cIosed by order Of the directors The bank Is
State institution with capital 0f soo,ooo' i'e ~
ability TO collect outstanding accounts, the general
icbtness Of the money market and personal litigation
% tho president Robert II. Coleman locking up us
securities and cnioining 1t from disposnS OF them'
nave compelled this step.
Muncic Ind. Aug 4-The Citizens National Bank
one OF the Oldest soundcst banks In this CITY, ss
pended business this morning. Witldra"ais vi VIZ
pDss and inability to realize on paper are the cuScs'
President Kerwood says that the assets are as TWO 10
ono Three other banks in this city are preparing
for the worst the people are greatly exc'ed over
the failure.
San Antonio, Tex, Aug. 4.-The Texas National
Bank failed to open It's doors this morning, anu -
now I'm the hands of United states bank eAahiher'
IL Is the smallest bank In the city capital STOCK Si'o
600. The liabilities small. The last satemeh'
shows only 10000 deposits. The closing cased ho
excitement and no runs on other banks.
Colby Wis., Aug 1.-The Exchange Bank OF CODY
closed its doors this morning. The bank had capi'"
Of $50 COO, and depositors about S'bo'ooV'
Raraboo, Wis. Aug. 4.The Baraboo savings b"hA
made an assignment here yesterday. r. b. Gripp was
appointed assignee. r, nj. x,,o,., pont
closed its doors ut noon Tue pahA IL Soi''"' "
deposors will be- paid in full. ~ , ,,, ,n,
ri 80 o'clock the National Citizens Bank closed
us doors and hung out tn following resolutions
odoptcd nj a meeting Of the directors, neid llst
nrevously lowing 10 the suspension oil me flrat
National Bank OF this city and present strngency Ill
The money market, 1t Il resolved to suspend pay
ment until the present excitement subsidies" ~,
Fifteen minutes later the Mankato Nailonai Bailh
closed Its doors and exhibited the following STATE
mpnt lowing to the closing Of he lirst Natiohai
and National Citizens banks. OF this city, ms blhk
l. Temporarily closed. The bank Is perfectly solvent
and all deposiors SAFE ,
The National Citizens Bank has SlO,oO In cnSh
and the Mankato National has 800. The capital
Of the First National Bank Is *1JO.oOO, ana >. A.
Willard IS president. The capital stock OF the Nalohai
(itIzens' + 300 900. John +. Meaghcr presmehl'
The Mankato National Bank has TlcO,Uc, ana JVhn
H. RAY Is president The only other BANK III w
city is a savings bank and was recently orSahZeo'