The Russellville Democrat., 1893-07-27
BANK FAILURES.
Several Towns If, ard From by pispatelses
 To-dAy.
FAILURE IN KENTUCKY.


 LOUISVILLE, July 22. --The Ken. tn ky National Bank, with capital of sl GOO, ,000, suspended payment. No statement yet. There Is DO ex- citement, and ali others regarded all right.
 It is thought tie bank will be able to resume business in short time. 1t has been carrying an immense amount of pa per, which although gilt-edge could net be realized on The bank is the government repository and in the statement the bank published July 19 the government deposits are $l91, 731 83. deposits United States disbursing officer $138, 268.17. Ac- cording to the statement the amount of cash July 19 was a little over 5000; individual deposits subject to check, $3l1 ,695 B, and loans and discounts, s719, 966 .52.
 ANOTHER NATIONAL BANK.
 MILWAUKEE, July 22.-The Mil waukee National Bank and South Side Savings Bank failed to open their doors this morning. Runs are now in progress on all the leading banks in the city.
 MILWAUKEE, July 22.-Runs which started on all banks early in the day are still in progress. This afternoon crowds at several banks had increased in con sequence. The news spread that the South Side Savings Bauk and Milwaukee National Banks failed. The run on the Merchants Fix change Bank was probably heaviest, buj the crowd at the Second Ward Bank was nearly as large. The Merchants Exchange Bank paid out more free. ly, as the officers said they were confident they would be able to meet every demand. Dspositors in the Second Ward Bank are mainly Germans, working people, who seemed 10 become panic stricken, despite the fact the bank was backed by Milwaukee's wealthy brewers, who have given a personal guar antee for everything iii the bank. The air is full of rumors of failures and impending failures in mercantile circles, but up to noon TO suspensions had occurred. Presi- dent Trumpf, of the South Side Savings Bank, said that depositors had been making very large with drawals during the past month, while collections had been impossi- ble. The officials and directors decided they would do busi- ness no longer under such circumstances, and concluded in interest to patrons and themselves it would be better to suspend without further delay. While they hope to be able to resume after the storm has blown over, they are not able to state anything definite. The closing of the Milwaukee National Bank was a surprise, even to some of the stockholders.
 J. M, Poreles, who owns bloc k of stock, says there is no reason why the bank should have closed except the officers were afraid to stand a run. The statement of few days ago showed the bank had assets in excess of liabilities amounting to between $500, 900 and $500, ,000. CLOSED FOR LIQUIDATION.
 KNOXVILLE, TENN, July p - The State National Bank closed this morning. After being open four minutes a notice was posted on the doors saying: This bank has closed for liquidation. Depositors will be paid in full" The liabilities and as- sets not known outside of yesterday, when $20, GOO in deposits were with drawn more than it could stand. A meeting of the directors was held last night. An offer of $60, GOO to pay depositors should nun occur to-day was made by other banks. The offer was not ac- cepted, however, and when it opened for business this morning a run was precipitated, which only lasted few moments, as the bank