The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1893-07-04

BUFFALO, N. Y, June23.-The Catar-
act Bank, the Oldest of the State banks
in Niagara Falls, closed it's doors soon
before noon today.
There were $50 failures in the United
States this week, against BOB in the pre-
ceding week and 159, 227, 165 and 211
in the corresponding weeks of 1892,
1892, 1890 and 1889 respectively. The
The Middle States had "a, New Eng
land IS, Southern 81, Western 10,
Northwestern 80, Pacific So, Territories
IL, Canada had 90, against 80 for the
previous week. OF failing enterprises
this week II per cent. were of those
employing capital of S., 900 or less, and
IL per cent. of those with S., 900 to $780,
600. Sixty one failures were reported
with capital in excess of 800, 900.
SEATTLE, Washington, June 23.-The
First National Bank of New Whatcom
closed its doors at noon yesterday. In
ability to realize on it's securities is the
cause given for suspension. The banks
officials state their assets are double
their liabilities and that depositors will
be paid in full. Depositors feel conf
dent that they will receive onehundred
cents on the dollar. There is no excite
ment and the suspension did not pre-
cipitate runs on the other banks.
PERU, Ind, June % j. 0. Cole, the
millionaire of this city is partner in
the firm of Crane 6 Co., which as
signed on Wednesday in Cincinnati.
He states that he is responsible for the
assignment as owing to difficulties with
his partner, Clinton Crane, he wished
to withdraw from the firm.
MILWAUKEE, Wis, June 23.-An
analysis of the Plankinton Bank state
ment filed by Assignee William Plank
linton in the office of the Clerk of the
Court shows that President Day
secured in loans from the bank nearly
$4OO, 900 instead of $500, 600. Of this
sum $278, 900 was loaned to himself and
800, 600 to the Milwaukee Brass and
Copper Works, of which he was
president.
MINNEAPOLIS, Mimi, June 23.-The
State Bank of this city suspended pay
ment this morning, the assurance be-
ing given to depositors that it would
resume in a few days. The bank has
a paid up capital of $75, 900. Steady
Withdrawals by deposits were the cause
of the action. The bank is one of the
smaller one of the city.
CINCINNATI, Ohio, June % -Samuel
w. Coffin & Son, owners Of the Gin
cinnati Dry Dock Company, assigned
today to Val. P. Collins and FL. D
Peck. Assets and liabilities estimated
at $50, 600. Preferences by mortgage
were given to A. J. Montgomery & Co.,
the Northern Bank of Kentucky and
McIlvain & Spiegel
The failure is hastened by the assign
ment Of the Crane Lumber Company,
for which this firm had Endorsed.
CHICAGO, ILL.,, Sune 23.-The Palmer
House livery stables, the most exten
sive in the West, under the manage
ment of Leroy Payne, we're placed in
the hands of a receiver this afternoon.
The place was foreclosed upon by the
Exchange National Bank with a thirty
five thousand dollar mortgage.
Erie oman & Friedman, wholesale
clothing dealers, failed today. Liza
bilities, 1872, 900; assets about the same.
WASHINGTON, June 23.-COmptroller
Eckels to day appointed Robert Win
gate receiver Of the Merchants Nation
al Bank of Tacoma, Washington.
CARTERsvILLE, Ca, June 24.-The
Howard band suspended payment this
morning, owing to the withdrawal of
uGDOSADO1S G11A U4O O111UY O1 Ul0 ALI
to realize it's assets.
NEW WHATCOM, Wash, June 3d.
The Columbia and First National banks
closed their doors yesterday. The
cashier of the latter says the assets are
ELMwoOD, Ind, June 23.-The Alex
wrecked by Frank T. Scarce, of Lex
ington, KY. He has forged papers, OBJ
tanning over $50, 900 in that way alone.
His partner, J. P. Lanck, also from
Lexington, KY, is also a loser to the
extent. of nearly $50 900 by the mis-
deeds of Scarce, who leaves him PENN.
less. The affairs of the Alexandria
concern have been assigned to L. B
Jackson, of Anderson. Scarce is under
arrest.
NEW ORLEANS, La, June 24-The
Plaquemine Shingle and Lumber Com
The assets and liabilities are not given,
but-it is claimed the creditors will be
paid in full.
MINNEAPOLIS, Mimi, June 27.-The
suspension of the st. Paul and Mime
apolis Trust Company Is announced to-
night. A card from the president says
that its assets exceed its liabilities by
5000, 600 and that it will pay in full.
The general belief is that it will do sc
and resume business. It's president
is ex Governor Gill and its vice-presi
dent is Congressman Loren Fletcher.
The capital stock is $500, 900.
CINCINNATI, O., June 27.-In Hamil
ton, Butler county, Louis Snider's Sons
in the Probate Court made an assign
ment last night to G.. M. Harding, Of
Franklin, and George B. Parmlee, o.