The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1893-08-29
WE'VE HAD A CHANCE.
The New Administration Has Been in
Four Months--The Record of Fail
ures Far Exceeds Any Ever
Made-C Congress Has Been
in Session Three Weeks
mo Relief Yet.

in Session Three Weeks
mo Relief Yet.
The Peoples Bank, Winston, N. @,
one of the strongest in the State, has
been enabled to go under since "a
chance" was secured.
Capt. Sam B. Dunnerant, one Of
MorgantOn's most public spirited cltl-
zens, assigned some time ago. A few
days since his property, including a
magnificent farm on the CataWba river,
was sold under the sheriff's hammer
for a mere song. A chance" did it.
LIMA, Ohio, Aug. Is. The Steel Cast
ing Company of this place is in the
hands of a receiver.
HUNTINGDON, Pa, Aug. 1.-THE Ma
ti0nal Bank of South Pennsylvania,
in Hyndman, Bedford county, closed
its doors to day. THE bank was
operated by John K. and George B.
White, who owned forty three fftieths
of the stock. Besides this they operated
four large tanneries located in Hynd,
man, Dry Run and Mann's Choice,
which were also forced to close down
in Consequence.
AURORA, Ill Aug. 1.-THE private
bank of Levi Hall, in Osweg0, was
forced to close it's doors yesterday. 1t
is thought that Mr.. Halls assets are far
in excess Of his liabilities.
TOPEKA, Kan, Aug. 1.-THE Ma
tional Bank of Marion closed it's doors
yesterday. Liabilities are unknown,
but the assets are sufficient to owe
everything.
ALBANY, Mo, Aug. 1.-THE Bank
Of Albany suspended yesterday, owing
to the inability to realize on loans and
securities. A statement gives assets
at $110, 900 and liabilities at $50, coo.
INDIANAPOLIS, Ind, Aug. 17.-Dis-
trict Attorney Burke returned to the
city Tuesday night from Jacksonville
and was at the defunct IndianapolisN Ma
tional Bank all day yesterday looking
over the paper and consulting with the
receiver. He will go to Washington
in the latter part of the week and re
port the banks condition to the depart
ment Of justice.
SAN ANGELO, Texas, Aug. Nv.
B. Buchanan, President of the Sutton
County Bank, of Sonora, and Coke
County Bank, of Robert Lee, which
failed last week, was arrested y~ester-
day, charged with embezzlement.
There is considerable sentiment against
Buchanan, as it is claimed hat deposits
were accepted late Saturday night,
August 5, and the folio wing Monday
morning a notice was posted on the
doors announcing their failure, Not a
dollar was found in the bank vaults.
HUDSON, Wis. Aug. 1.-THE Bank
of River Falls, Wis, suspended yester-
day. The statement for July 1 shows
assets of 1926, 526, with liabilities of
1884, 900.
The Bank of Ellsworth, at Ellsworth,
Wis, also closed. The statement for
July 1 shows assets of SIG, 737, with
liabilities Of $50. COO, Stockholders of
both banks are largely the same. It is
believed the banks will be re organized.
DUBUQUE, Iowa, Aug. 1.-THE First
National Bank, of this city, suspended
this morning. 1t was one of the oldest
institutions in the city and had a cap
ital of 5000, 600. The last statement
showed deposits of all kinds amounting
to 1920, 900. The cause of the failure is
the continuous withdrawal of deposits,
which were understood to be mostly
| those Of country banks.