davidaulloa/AmericanStories huggingface dataset:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1893-07-30
These banks remained open

business men. These banks remained open
PonTIkXp. Ore. July 2o,-The Commercial
The, Alnsworth National Bank failed to open
On he First maj SsSf tSo
largest hank In the city. there is no excite
The Commercial National and Portland Saw
ings Bank arc under the same management,
4 notice postsd on each Of the. suspended
riiy suspend owing to the heavy withdrawal Of
deposits during the last sixty days and innbil,
ity to realize on securities. Depositors Will b
TnS Nstoas Bank hs@ pad
AinsWorth National pabisRod ;t%y IT, shsSs
s. 4SSSo0 xI ssWS9pth
has s been sSs
Of The condition OF the Portland savings Bank.
It has 81 s eapit tai stock OF s2o0ooo with sur
AKRON. O., july 2a-The Citizens, Savings
and Loan Association Of Akron closed its
cause given was consta MT drain upon resources
by drsTsg out of 9sp0s IhS ba3 "a +
zoo. with $4,000 surplus. The ICON Company was
organized and Incorporated in 1872. The sus-
pension ere, created no surprise in Akron. Edwin
Stone. cashier Of the city National Bank said
he Thought the effect Of the failure on APRONS
CONDITION Ihu Deen ulSCOuutel. ln6
bank lost $500. 600 In deposits last month.
CHICAGO July M Stevens 4 Rose. who did
business in small way at 204 Fifty. fifth street.
under the name n the South Park hank. failed
yesterday. When the depositors called at the
bank this morning they. found q card on the
door which announced: This bank Ia closed
BY order OF tho Court. T. Stevens. receiver"
The failure is small one and will cut no fig
ure in financial troubles
GRIND KApIps, Mich. July 2a..,Locql credit:
ors yesterday were advised of tho closing of
the {; W: Chaplin 4 Co. private bank ut stan
ton, Montcalm county. owing to n rush OF de-
positors for cash. No state n ent OF the assets
and liabilities has been given out
IorIsvILLE. July 9.-The Pinevlle Banking
COMPANY at, Pinevillc. KY. closed it's doors
yesterday It. was cons idered the best bank In
southeastern kentucky. The President will
surrender all his personal property to help the
bank out.
FoREsTvrIIr. n. Y. July 29.-The examiners
report that the tota liabilities Of Wards Bank
foot nn S90.OOO The assets will not exceed
$40. 600.
. MILWAUKEE. July 2a.-The Savings Bank OF
Baraboo; Wis. closed its doors this. morning
This notice was posted: Failure to receive
money confldentnlly. expected the stringency
OF the money market. and inability to realize
on nssets renders suspension of payment
necessary" There are slight runs OH other
banks in the place.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1893-07-30

PORTLAND. Ore. July 29.-Lewis Il Dryden.
the largest publishing house in this section OF
the country. has gone into the hands Of a re-
ceiver. The object is to prevent an attach
ment so that the concern may continue ito
business under n receiver. Assets, 100000:
liabilities. 100000
MILWAUKEE. July 20.-The r. Suhm Leather
Company. operating the Kinnicinnic tannery.
assigned Yesterday to John j. Suhm. who gave
bonds for $SO.OUO. The company was organ
lied in 1884. with capital stock of SlOO.OUO
HAMMOND. Ind. july 2h-The Wolf Lake
=: J.. Ames MS receiver by an Indiana court on
Wednesday night. The action was taken on
m Httac hmcnt suit and mechanics lien filed
by the Demng Colborn Lumber Company.
cIniming So.:OO Liabilities are placed approx
imntely at 100000. not including disputed
claims for $4,000.
DlSIFLsoNvILLE. Conn. July 20.-The S. L.
Saylcs Manufacturing Company OF Killingly.
Conn. woolcn manufacturers. assigned to-
day TO Increase ". Carpenter OF Norwich.
HAMILTON. o.. July 2.-The Macnoale & Ur-
ban Safe and Lock Company: one OF the oldest
safe firms in the country. have assigned to
Howard Douglass OF Cincinnati. Assets $780,
OOO liabilities unknown. The firm has been
unfortunate in several large contracts. but it
is said that 1t Is solvent
at his residence in the western portion Of the
city last night and after listening to a lengthy
petition. appointed Eugene f. Meyer OF st.
Louis receiver for the American Tube and Iron
Company Of Missouri. Tho bond was fixed
and accented
The sun. [volume] (New York [N.Y.]) 1833-1916, 1893-07-30

throwing $50 hands out Of employment. The
largest oiler eyer received BY the firm was re-
couraginF 10 continue business at present.
the PM5os"sn Is employing 10y 100 HANDS
tbss they win probably shut p do%S tho Whole
NORWICH, Conn. July 2a,-The big shetucket
cotton mill ct Greeneville. in this town, has
! industrial DEPRESSION, throwing 200 workmen
S%pt OF sspng,nIyment The large cotton mill at
Allen, OF this city who are second to Smith 4
Messon IN tho magnitude Of their business.
after; Their normal force OF operators Is about
29o' put only a psrt Of them are at work
and other wood working machines. have rc-
,nif,s their force; and several Thamesville
hnve s nSdudinG the RehmGnd store sGtSsy
In Windham county. north OF this county.
Nny sk aa S are running on 1ednted time nm
necticnt
New HAVEN, July 2a-several local manu-
preston and have taken steps 10 cut down
their production. The l. Candee Rubber Com
running only uine days since q previous shut
doWn A notice was placed in the shop to-day
4, Peck Brothers have ceased running on full
Meyer Strnus 4 Company have also given
notice to curtail their running time and will
run ~ their factory five days a, week Mallory.
pan snn are running on lye days time. wuoo
Company. and the southinRton Cutlery Com
pnGny have declared their regular quarterly
This evening tho Peck stowe and Wilcox
company reduced its force. by laying Off a
large number OF workmen. The failure OF n
riously affected every manufacturing concern
there but one. The Coo BRASS Company OF
Torrington. one of the largest concerns oil tho
kimn N the United States. Is running four days
week
@. WHEELING. ". Va. July 20; The Riyerside
steel and Iron Works. the largest plant 10
TINS nart OF the Ohio Valley; closed to-day in
The state of trade is the reason given for the
Pnoy;lrEScE. July 2o--The Holman Manu-
the manufacture OF Kentucky Jeans. has de-
cided to close all its mills during tho month
OF AUGUST and part OF Septem Der. 1t Is report
ed that other mill owners in the town will soon
BosToN. July %. The Boston Manufacturing
Company and the Waltham Bleachery and
nye works. under one management in Wal
than. viii close on Aug. for one week, On
Aug. IA. II business warrants. the mills will he
operated one week. but otherwise will remain
SMUT down during the rest Of the month. =,
NoRTHBuEo. Mass. July 2a-All Of the shell
and horn goods factories are closed on account
OF the state Of trade.
JACKSON, Miss. July 29.-The Wessen cotton
and woollen m lis at Wesson. a few miles south |
OF here. have shut down for the summer on ac-
ardeon says that he has 81. 200. 900 worth OF
goods on hand and wishes to sell them before |
seMib The mill .,d is the largest IN the
900 looms 1t has cen run uninterruptedly !
for twenty-five years.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1893-07-30

1t Favors the Increase OF the Circulating
Medium by Free Coinage.

1t Favors the Increase OF the Circulating
Medium by Free Coinage.
DENVER. July 20.-The committee Of the
Chamber Of Commerce and Board OF Trade
appointed to prepare memorial to Congress
In favor Of tho increase OF the circulating
medium OF the country by the free coinage Of
the silver produced from tho mines OF tho
United States and to dem and paying out of
the money boarded In the vaults OF the Treas-
ury. through their Chairman. ex-Gov. John
Evans. has made its report. 1t is addressed to
the members Of the Senate and House OF Rep.
resentatives, and calls attention to tho facts
that the amount OF legal tender currency in
the country is altogether inadequate to tho
transaction OF It's business: that owing to this
great injustice has been wrought by increas.
Ing the value OF money and relatively dimin-
ishing the value OF property. wheat. cotton
and silver: that this condition OF the currency
has deprecated values and finally destroyed
confidence. and has brought ruin ON the
length and breadth OF our country. closing
business generaliy-mines. banks. and manu-
factories-from the Atlantic to the Pacific and
from the lakes to the Gulf that the repeal OF
the so-callod Sherman Silver law would fur
Their contract currency. and should therefore.
not be done without providing an ADEQUATE
substitute; that such condition OF things
can only be ramedied by the Government re-
medium to the amount required. making It 10
be honest money In fact.
In order to accomplish this imperatiyely
tie Of tie to p sS es
the debts OF the Government including men,
Bions contracts. and appropriations. and dis
The sun. [volume] (New York [N.Y.]) 1833-1916, 1893-07-30

ALBANY. July 29.-The United States Navy Club
was Incorporated to-day to maintain a club
house in New York city as a residence for on.
listed men on board ships OF the United States
navy. and to encourage social intercourse and
provide means for the united action OF mon In
the navy In all matters concerning them or
their interests. The trustees are Charles II.
Broome, Charles It. Chase. Patrick Healthy,
John VIM. W. l. Luce. Charles Brazelton
Graves. George Washington Rice; Ralph Har-
These companies were also Incorporated to.
day:
The Atlantic Storage Company to carry on tho bust
ness OF storing aud whrehousng ain and other
merchandise IN brooklyn. CAPITAL, S1Uo,o00. DIrec.
tors; David BOWS and George COoksoy II Irvington;
James s l. Mi!ehell James $ r. srnnnnan R,chard II.
Beard Henry Enitchie. Franklin Woodruff and + /.
Woodruff OF Brooklyn.
The Thhde Speciality Company Of Long Island CITY
to manufacture and deal IN speciaties and materials
Tor tho book publishing and printing trade. Capital
$1,000 Directors: George Y. Shea aud kerby stevens
OF Long Island Guy. and Clinton L. Bayg Of Sew YORK
The sun. [volume] (New York [N.Y.]) 1833-1916, 1893-07-30

A Few OF the Savi.,;.s Banks Adopting tho
Tine Limit u Prccautior.

Few OF the Savi...s Hanks Adopting tho
Time Limit as II Prccautior.
The action Of the representatives of the
savings banks on Friday in deciding that each
bank might avail itself OF tho privilege OF put
ting the thirty and sixty days time limit re-
garjing the withdrawal OF deposits in opera
ton did not create much stir among the de-
postors in the Brooklyn banks. A few Of the
banks took advantage OF the privilege. and
some OF the others will probably do so next
week. All the banks are said to be solid fnan-
cially and there is 40 indication OF any alarm
ingly panicky feeling among tho depostora.
few minutes after the Dime Savings Bank
opened its doors depositors began to come in
In a steady stream, anxious to withdraw their
deposits. After consultation between Presi-
dent q. S. Hutchinson and the other officers OF
tho bank 1t was announced that the time limit
notice for amounts in excess Of 500 would be
enforced Cashier Hunter said mo person
need be alarmed. This is more matter OF
precaaution than anything else. The bank is as
Irritation on the part OF three or four depos-
itors. and during the day about the same
aG mot II tbs oney Is c Msna vas taken in
at the south brooklyn Savings Bank. where
the sixty days limit clause regarding tho
wl!hdrawal OF deposits was also enforced. The
only Srunitling was on the part OF some de-
p0sltors who wanted ready money to pay of
Treasures. Anderson seid: 1T ia extremely
unpleasant Tor the bank authorities to adopt
this course but 1t has become extremely dif-
ncmlt TO get money. and us q precautionary
measure the banks must harbor their ready
cash"
At the Brooklyn Savings Bank, the Germania
Savings Bank, the City savings Bank and the
BrevOort Savings Bank money was hsinQ paid
out as usual. and at each 1t was said that M ore
money was taken in than was paid out, There
was n slight run Mt the Brooklyn Bank in the
morning. but 1t did not disturb the officers in
the least.
The sixty days notice will 20 into effect at
the Fast Brooklyn savings Bank to- morrow
At the Williamsburgh Savings Bank. Driggs
avenue and broadway. several hundred demos
ttors withdrew their savings yesterday. The
bank is one ot the most solid institutions In
the country. and has a surplus OF more than
S5.OOO.OOO Gen. Meserole, the President of
the bank. declined to say whether or not his
instituti ion would take advantage OF the thirty
day and sixty day rule.
Every deposttor who comes here 10 being
accommodated" was all that Gen. Meserole |
. The trustees OF the Kings County Savings
Bank, at Broadway and E0dford avenue had
an informal meeting yesterday morning and |
afterwArd said that they had not yet received |
q communication from the Executive Commit |
tee OF the Savings Banks OF the State, and, |
could not speak on the subject
Cashier Bischon OF the German Savings |
Bank. Broadway and Boerum street. said the |
deposits during the last few days exceeded the |
and that his bank would nay no |
attention to the thirty or sixty day rule.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1893-07-30
yesterdays BANK FAILUREs.
Su-psHsiona In Illinois. wisconsin. Oregon.
Ohio, Michigan and Kentucky.

KANEAKEE. ILL.,. July 20 Tho Fret National
Bank OF this city failed to open its doors this
morning, notice posted on the doors said
that tho assets are ample to meet all claims.
The bank has II paid UP capital Of $4,000 and
largo surplus. II was organized In 1871. TIE
bank carried large line Of customers. and has
been. and still ia considered all right Emory
Cobb. the President Of the bank. Is the bcaviest
stakeholder and Is wealthy. 1t Is probable TINT
the bank will resume In a short time Tho
Merchants National OF Chicago and American
Exchange National Of New York arc its prin-
ciral correspondents
MILWAUKEE. July 20-The Com m srcial Bank
OF Eau Claire. Wis. did not open it's doors this
morning. Notices were posted that the bank
was in the hands Of Byron A. Burlington as re-
ceiyer The closing is duo to the continuance
OF heavy Withdrawals and the inability TO real
lie on securities at this time The CONNER
eial Bank was popular savings bank through
CIT h the Chippewa Valley II has earital OF
Souuoo Huns were started on the National
lnnk Of Eau Claire, the Bank Of Eau Claire.
and the Chippewa Valley Pank. but were c0un.
toraoted by heavyIdeDosits by many leading
The sun. [volume] (New York [N.Y.]) 1833-1916, 1893-07-30
SILVER DEBLTE At CHAUTAUQUA.
Farmer Denn Speaks Cor Senator Stewart
and ConEressman Hnr!er Replies.

| Farmer Dom Speaks Cor Senator Stewart
and Congressman Hnr:er Replies.
| CHAUTAuQUA. July 2a-The long expected
| debate on the silver question came off to-day
| in tho Am hitheatre. with variations from the
original announcement. Representative Mi
chae u. Harter Of Ohio arrived in due season.
but Senat or Wm NJ Stewart OF Nevada did not
come. A man known as Farmer" Dean OF
| Horeoye Falls. n. Y. came as O substitute for
Senator Stewart
! At the Iatter's request the Chautauaua man
agement had expected Senator Stewart up to
| within twenty minutes before the hour for the
debate. at 2:30 +. NJ. Mr. Harter consented to
speak only on condition that Mr.. Dean should
cay that he came as substitute. Mr.. Dean
did SO. Mr.. Dean spoke first He began BY
saying that he expected to get pulverized In
the discussion. but he had rather be pulverized
thousand times than not to have his side
represented on such an occasion.
He cited section ii OF an act OF 1892. which
WINS tho first one relating to the silver ques-
ton. He then read acts Of Congress relating
to the subject passed from time to time dur
Ing tho past century. and said
1 by TIE return to the policy followed
enough 10 meot the demands OF trade and
commerce. In the nations where such CON-
thi. is not the case. sGuaor ard famine pre-
Ss There Is gold This sSun
be placed on the same footing as gold.
Senator Sherman says his Lill was a
Denea Fe a Silver yet mtn they fought Il be-
cause it was not equitable. II borrow
money to-day ought to be obliged to pay
the present condit ions We may have to nay 4
third more; To-day shops and factories are
where the currency il steadily increasing is
the prosperous one. When we have money
need doub" the Volume e. OF Il money. '% WSethee
dunn q exchangs When You TX the dR,y unit Of
rose to take tho negative. He said:
It. Truth will stand upon its own resources
In the early days the medium was clumsy. but
the best means OF exchange. In the early
b but as we have advanced gold has been found
nations have grad ually departed from the Sill
better medium than tobacco shells. brass, or
silver; At tho outset be it understood that
thr silver miners BY pay ne them 81. 20 f Tor
collars worth OF silver than 1t has to pay the
oprono"t the.e %Ssd BE- the
halcyon days OF this republic., But. on the
our fellow citizens. and Congress is now called |
unon to pass an act giving excellence and per-
a: M Dean wants you to believe.
s, They talk about conspirators. Senator
tzation Of silver WAS the result OF conspiracy, |
but upon looking over the records find that |
Ing to his friends own argument"
Another point raised by Mr.. Harter was that |
OF twenty. eight notes which Senator Stewart |
holds against as many debtors. every one is
made payable in gold This shows" said he
the practice In contradiction OF preaching OF
The sun. [volume] (New York [N.Y.]) 1833-1916, 1893-07-30
Albany Savings Banks Regret the Action
Taken by the New York Banks.

ALBANY, July 29.-The Albany savings bank
presidents had an informal conference to-day
to discuss the action Of the New York banks in
declaring for the sixty days notice statute.
No recommendation was agreed upon and the
question OF following IN the footsteps OF the
metropolitan bankers will be left to vote Of
the trustees OF the several banks at meetings
to be called early this week.
There s consdeIable divergence OF opinion
whether it is good policy to enforce tho rule on
depositors who had faith in and stood by the
banks while others were withdrawing their
deposits without restriction.
The Albany bankers regret the action OF the
New York banks. because by promptly meet
ing all demands they had restored the local
money market nearly to its normal tone. and
now. by this pre- ipitnte action in New York.
they will have their work to do over again
Most OF the banks here favor the enforcing OF
the notice law. il at all. only on deposits of
$1,000 or over. and assert their willingness to
pay all small depositors on demand and their
ability to meet all demands. -,
The sun. [volume] (New York [N.Y.]) 1833-1916, 1893-07-30
A College President Says Silver Legislation
II the Trouble.

NEW BRUNSWICK. July 29-Dr. Austin Scott,
President OF Rutgers College. said to-day to a
reporter, In regard to the present financial do.
preston:
In my opinion it 10 the legitimate fruit Of
silver laGisation from Feb D. 1873. up to tho
present time. This legislation has been of the
which brought on the crisis OF 1873. XII
paS nIo r c"rrepey to 40 the work Of the real
conservative bimetallist, and l think the best
policy to be pursued is that suggested In the
f % DC recognized in any other than subsidiary
IT is possible tho prospect Of future torJn
legislation. by inducing curefuIncss on Tia
part Of manufacturers not to discount the fuo
lure by going much beyond present orders.
mas hastened AID now accentuates the f,nan
clal crisis. but 1t is not at all the cause Of IT."
The sun. [volume] (New York [N.Y.]) 1833-1916, 1893-07-30
MILLS SHUT DOWN.
wntchmnkers to He Thrown Ont OF En-
pIOynent by the Hundreds.

wntchmnkers to He Thrown Ont or EN-.
pioyment by the Hundreds.
WALTHAM. Mass. July 29.-The raceipt Of
now intelligence regarding the situation In the
Matchmaking centres OF the United States is
not encouraging All the American Waltham
Watch Company foremen were interviewed by
President Fitch yesterday and received in
structions to reduce their working force In
some cases there will be a cut down OF 90 per
cent In all there viii he 1900 hands thrown
out OF work indefinitely or the hands re-
tanned. large number will have to work for
reduced pay. Is per cent. being cut of Ia some
cases. it is said.
Letters received to-day from the Elgin fac
tory report the situation even worse than In
Waltham. There will be 1000 watchmakers
discharged there on Aug. l. and the pay roll OF
$4,000 q week will be reduced about one
half, There aye 500. 900 m oyements IN stock the
is all right financially. having surplus on
hand OF Sl.OOO.OOO undivided profits In tho
discharge Of work,nen. SO far as possible. those
on them: Those discharged will be taken on
again wheneyer tpe business prospect shall
WATSHylIhE. No.. july tu 3a."T he vassalboro
Woollen Mile switch. 1t was'recontiy announced
ro@sin Closed Tor one month It eas Threo
hundred persons are thrown out OF employ
DOVER, n. H. July 2a-winiams's belt fac
resumed on Monday. but with only one-thrd
Of the help. Moulton's shoe shop also shut
down this morning on account Of Inability to
make collections, In the two factories 400
persons are thrown out Of work.
KNOXVILLE. July 2st-The fannie acid factory
Of this city Will be shut down next week in
definitely, This plant was erected several
months since by the Standard Tannery CONS
more than M sYC6"VU. Over 2Go men ou VII be-
thrown out OF employment
HARTFORD. July 20.-Work has been stopped
at tho copper mine at Bristol. which has been
considered ultimately to yield good results
The managers SAY. that they abandon work
difficulty In raising money. Pumps will be
kept at work to prevent the mine flooding
PIIrsFIELD, Mass. July 29nHinsdale Bros.
woollen manufacturers at Hihsdale, will to-
night shut down two OF their three mills.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1893-07-30
A Valuable Mail Pouch Missing.

SALT LAKE CITY. July 20. "A registered mafl
pouch containing $4,000 In securities loft tho
Salt Lake Post Office east bound on July 8. and
has not 8 nee been heard from. except that the
postmaster IN this city has a receipt for the
detectives and Inspectors have been despatched
70 different 20 ints along the mail route on the
ing pouch
The sun. [volume] (New York [N.Y.]) 1833-1916, 1893-07-30
Withatood the Hun.

YOUNGSTOWN. O.. July 29.-Much excitement
prevailed In this city this morning on account
of report that the Dollar Savings Bank had
failed. The same report was circulated In the
east end OF the city last night, and when the
bank opened its doors this NJ orning there WAS
crowd of about 300 people waiting for adj
mittance The rumor WAS without founda-
ton. and those who wanted their money got it.
The fears Of the crowd were soon allayed. and
the run did not last long
The sun. [volume] (New York [N.Y.]) 1833-1916, 1893-07-30
One Thousand Hands Discharged.

BUFFALO. July 2a-The Barber Asphalt Com
pnny has discharged 1000 mon because OF the
dull times. Mr.. W. y. Warren. cashier OF the
company. told n reporter that the company
had been employing an unusually large num-
bcr OF men during the season, and has let them
1T is not true" he said. that the reduction
in our working force is caused by the discount
banks refusing to take our city warrants. as
they have other city 4 per cent. warrants"
The sun. [volume] (New York [N.Y.]) 1833-1916, 1893-07-30
Another Voice Tor R.rsaI.

DAVENPORT Ia. July 20-The Davenport
Business Mems Association yesterday evening
unanimously adopted resolutions calling upon
the Congress about to reason BILE to repeal the
purchase clause OF the Sherman law, holding
that tho present season Of depression was di
rectiv traceable to want of confidence on the
value and stability Of the circulating m edium
amount OF silver. ~ '"'ko
The sun. [volume] (New York [N.Y.]) 1833-1916, 1893-07-30
Jersey City Bank. Not Afraid OF n Run.

The Jersey City and Hoboken savings banks
were not represented at the meeting OF the
savings banks Presidents In this city on Fri
day. and, according to their officers. have no
present intention OF availinG themselves OF
the law requiring sixty DAYS notice from de-
positors of their intention to Withdraw their
accounts. The Jersey City and Hoboke en-
banks are long established and conservative
or never been troubled by any furry in the
financial world.