The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1893-05-13
A BAD DAY FOR BANKS.
Over q Dozen Branches Of the
Columbia National Close.
EFFECTS OF CHICAGO SMASH.
Other Small Institutions In Indians and
Michigan A lso Go to the wall
Comptroller Ecklss' Warning.

SPOKANE, May 12-ISpecial. IA Wal
lace, Idaho, special says: The Small &
Colby Lumber Company. Of Old Mission,
has failed for about 100000 The failure
will throw about 100 men out of employ
ment, but the wages of the laborers are all
secured. and the assets. if properly handled.
will pay all the liabilities. Attachment
suits and mortgage liens filed against the
company aggregate $4,000. the cause
of the failure is attributed to the large
amount of logs and timber on hand. which,
owing TO the iateness of the spring, could
not be turned into available cash.
KoKoMo. Ind. May 12.-The Commercial
State bank. of Russiaville. and the Farm
ers bank. at Greentown. both under one
management, failed this morning for $780,
600. The failure of the Columbia National
bank, of Chicago, is responsible for the
collapse. About twenty other banks in
Indiana are connected to some extent
with the Columbia, and like number of
private banks, mostly small concerns.
EDwAHpsBURG. Mich, May 1.-THE
Citizens Bank displayed a notice on It's
doors this morning as follows: 'Out of
town on business. Back at noor."
pwigcins, Starbuck 4 Co., of the Column
ba National bank Of Chicago, held large
share of the stock in the Citizens bank
and citizens of this place arc interested to
the extent of $4,000. The township and
school funds are also tied UP.
The manager of the local bank at Law
ton. Mich, has also left town and the bank
is closed The liabilities are small.
CINCINNATI. May l2.-The private bank
of Dwiggins, Starbuck & Co.. at Williams
burg, closed its doors this morning on
orders from Dwiggins, the president OF the
Columbia National bank OF Chicago. 1t was
branch of the latter. with assets OF
So, 600 and liabilities of $4,000. The ex-
pert accountant employed at the bank
yesterday came here early this morning
and was arrested on the charge of embez-
element. 1t is suspected that he was en-
ployed to conceal some of the funds OF the
bank.
MILWAUKEE, May 1.-THE stores of
Frank A. Lappen & Co., and the Lappen
Furniture Company, doing an immense
business in dry goods and house furnish
ings. is in the hands of the sheriff on exc
cutions aggregating over $65 900. Pianking-
ton this afternoon filed an execution
against Lappen d Co. for $4,000. The
liabilities of the firm, as far as known, are
$3O0.OOO
AT meeting Of business men tonight it
was decided to allow Lappen & Co. to re-
sumo business tomorrow. The assets of
the firm are placed by Lappen at $3.50, 900,
and the liabilities at $3.50 900.
MADISON, Wis, May 12.-The Bank OF
Oregon, Wis, established about year
ago, by Dwiggins, Starbuck & Co., of
Chicago, made an assignment today, the
closing being due to the collapse of
the Columbia National bank, of Chicago.
The assets are figured at So. 600 and liza
bilities at $4,000. Of which $25. 900 is due
depositors, who are nearly all business
men of the village Of Oregon.
INpIANAPOLIs, May 12-The directors Of
the CAPITAL National bank. of this city.
which suspended yesterday, today state
that the suspension cannot result in the
loss Of a dollar to single dcpositor.
The Greenwood bank, of kokomo. Ind.
has been collapsed by the stockholders
with view to taking legal steps to pro-
tect themselves.
The Commercial bank. at Walkerton,
Ind. which is owned and controlled by
the Columbia Nationa! bank, of Chicago,
at this time has assets and liabilities as
500, 900.
LAFAYETTE, Ind, May l2.-The Com
mercial bank of Brookston, Ind. closed
its doors today with deposits amounting
TO about $4,000. The officers say it will
pay in full and resume business as soon
as its affairs can be Strengthened out.
GENEVA, Ind. May l2-The Farmers
and Merchants bank suspended at noon
bla National bank, Of Chicago.
PORTLAND, Ind. May IA deputy
sheriff left here this morning upon receipt
of news of a Dunkirk failure. with writ
Of attachment. He found that the total
assets amounted TO $50. 900 in money and q
few notes, but the liabilities will overrun
$1,000. \ meeting of creditors was held
today. but no definite action taken.
CuARLEvoIx, Mich, May i2--The Bank
Of CharievoiX closed its doors this morn
ing and placed its affairs in the hands of
al assignee The Northern Michigan Seed
Company, for which the bank furnished
financial backing, is included in the
assignment. No other failures will result
The deposits will probably not exceed
10000. and it is believed that every cred
itor will be paid in full.
ST LoUIs. May l2.-The firm OF Thomas
4 Son, the largest dealers in old Kentucky
whisky in the world, suspended payment
this morning, as n result Of dull
ness in the whisky trade and q
tight money market. The liabilities
are considerably over 500, 0JG, hut the as
sets exceed this sum by nearly one-half.
In all probability the firm will be permit
ted to continue business. and it is thought