Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1893-07-18
CONCERNING BUSINESS AND FINANCE.

KANSAS CRY, KAs., July 1.-THE Mis-
souri National Bank suspendended pay
ment and closed its doors at IL 40 O'Clock
mis- morning. The Grand Avenue Bank, a
Drivate institution, assigned this morning
10 James b. RiCkett, who Immediately took
charge. The assets are placed at fIOO,OOO
aud the liabilities al $4,000. The Grand
Avenue Bank holds ample securities TO
meet obligations, it is claimed, and the OH
cials say they expect to resume business
shortly. 1t was rumOred Saturday that
This bank had closed, out it appears the Of
fcials secured money sufficient to tide
them over till to-day, when 1t was hoped
some Of their securities could be realized
On. On account Of the scarcity Of money,
however. this was impossible, Confidence
i'm the ability of the Oank 70 pay dollar for
dollar is expressed by other bankers here,
and no excitement over the temporary SuS'
pension is manifested. A Lambert Is Pres
ident. H. Stubenrauch, Vice President,
and e. G. Lambert, Cashier OF the Grand
Avenue Bank.
KANSAS CRY, Mo, July LIT was de-
spiUe assertions Of strength and the pub
lishing of a favorable statement Saturday
tbat the Eissouri national bank was taken
possession Of by the comptroller OF the cur
rency shortly before noon to-day. The
hank was Immediately closed as tight as
clam ana il was impossible 70 get state
rsnt from officers. The Missouri National
is a new bank having opened IN January,
1891. IL has q capital stock paid In OF SOU
600 and It's surplus is $1,000. According 10
the statement Saturday issued In compl-
auce with the request Oh tue coInpIroIier OF
me currency cash and sight exchange were
pIaced al $57l, ,U24, and the deposits at $500,
IA The officers are ID. Y. Reiger, presi-
dent; Henry c. Kaupf, vice president; K.
ID. Covington, cashier.
PORrI AND, IND, July 1.-THE report In
Yesterdays dailies that h. ii. Horne, pro
duce merchant. of Union City, had failed
is a mistake. There is simply adisputed
account between the company and New
York firm. The company has eight branch
es. one Of the largest OF which Is located
here. and has Sl70,00 Of capital.
NEw YORK. July I.-tIye hundreo
tbonsand oupces OF silver and 1000 Mexi-
can dollars will so 10 Europe on the spree
WAsHINGrov, d. c., July 1.-THE Treas
urv Department to-day purchased $1,000
ounces of silver as follows: $1,000 at 81
794O. $1,000 at 60 7S45. The offers were
72S 600 ounces. The total amount OF silver
purchased up TO date for July is 94S,OOO
ounces
SOUTHAMPTON, July 1.-THE North Ger
man I,loyd steamer Ems, Captain Reimkas-
ten. from Bremen which sailed hence at 9
O'Clock Yesterday afternoon for New York
has on board $4,000 in gold,
Nav YORK, July 1.-THE Duplex Street
Railway Track Company, west Virginia
corporation, operating patent Tor street
ysiiUsv track. with an office at 81 Wall
street. today assigned 10 John ID. Elwell,
without preferences. Liabilitiet- Sl5O,OOO
WASHINGTON, July 1.-THE Comptroller
of the Currency has been informe9 that the
First National Bank of Csdartbwn, Ga,
closed its doors to-day.
TOPEKA. KAs., July 7.-State Bank Ex-
aminer Breidenthal says the Hood & Kim
caid Bank, Of PleasantoR, Kansas, has