The sun., 1893-06-08

A Number OF Failures. Mostly Among Small
Banks.

Banks.
BEATRICE Neb., June THE State Bank Mt
Cortland. this county. closed yesterday morn
iny. 1t is a small institution. Deposits arc
about $4,000
PA1ousE. Wash. June THE First National
Bank OF this city closed its doors this morn
ing. Tho suspension is duo to the failure OF
the Bank OF Spokane. The bank has capital
and surplus OF 100000 and deposits OF about
$4,000.
WICHITA. Kan. June THE Laclede and
Third National banks OF St Louis and the
Bank OF Commerce OF Kansas City. No. yes
terday. sued out attachments for $4,000.
Sg5, 900, and $50. 900 respectively against the
ETanss sn y
Late last evening W. \. Levy. Pre- esident Of the
Wichita National Bank. was appointed receiver.
representative Of the firm said they did not
owe ANYTHING in kansas ity. ooo 400
which was donated to tho firm by tho city
under contract to operate the plant certain
number Of years Tho firm has done IN, LITTLE
prices Of hogs. and the Board Of .rrado was
prcparingt to sue them for breach OF contract
the tii ,", contract stiIl being in force. -,
BEpFoIn, Ind. june The community was
startled when tho Bedford i,anE hid bot not dpHt
Mr.. Winstandey. soon appeared and explained
that in consequence OF recent heavy WithdrHW-
u
suspend for few days 1t is one Of the Oldest
banks OF this section
Bankne LIn Conpany any suspended u payment this
morning aud closed its doors; The suspension
Vas caused By the run made on the bedlosd dIcsd
two Il % 6anEs esD are Windslay Of this city w. +
Sh!sase MPas!sy nss9'e CHS CHS II
L. BreyfcEle executed decd Of trust OF $500
caCo Gag for the b, neiit Of the dcrositors Of the
two tanks hero. It is said the sssers are s2l2-
ne aens hs fsd ds hs1
assignment was to-day mado to John H. stot-
zenberC.
from Knukauna this afternoon saws that there
was run this morning on he First National
evsr and n1 condense IS fuS
as can be ascertainod tho bankers IN this city
feel no uneasiness over the condition OF the
DosioS. June THE liabilities OF Henry A.
Bond 4 Co.. dealers in hides and Leather who
900. The firm wero on the paper OF Richard
son Dennie. who lately Unsigned.
csr hs Rnd sHnss ass
and and was opened this morning with increased
Offers from other city hanks were received.
but refused by the officials who said their
for Itself. The depositors are confined almost
exclusively to workingmen. No cause Is
assigned except rumors duo TO failures In
other cities.
MINSEApoLIs. June IA rumor gained cir
elevator companies in the No..thwe:t. the
we're tenn mporarily EN- barrassed. and the sub
sovusnt events proved that although the crash
is not absolute. the predicament in which
these corporations nnd themselves Is serious
one The situation Is attributed to tho pro-
vailin9 uncertainty and the lack OF confidence
which Is felt by the hanks.
" The facts in tho cnse as yet will not warrant
the as sertion that it is q business failure. a.
though tho statement comes direct from the
general manager of the Northern Pacific Flo
vator Company that that corporatinn will ask
for tho appoints ne Mt of receiver. This means
that the lied River Valley Company will 40 tho
same. as the capital Interested in each is
mostly m utuAl. A.,
Elevator Company is held mostly outside OF
the city. principally n nulutli George Rup-
Company, resides in the latter city. and until
his arrival to- morrow no statement "a to La
Utilities or assots or tho financial difficulties Of
the companies will be Forthcoming; The capt.
Company is $3.50 900 and the Rod kiver Valley
concerns are held largely by the same men.