Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1893-07-30
CONCERNING BUSINESS AND FINANCE.


WILMINGTON. o., July 29.-Alfred Dunn,
one of the wealthiest citizens OF this coun-
", assigned yesterday TO @. p. Tnorp, at
torney. Liabilities, $4,000; assets, <io,-
900.
NEwYoRK, July 29,-The publication Of
the intentions of savings banks and insti-
tutions to put into practice the law enti-
Ting them to sixty days notice from de-
positors or intended Withdrawals Of money
! precipitated run this morning, Some OF
| the banks paid the amounts in full. Others
reouired notice, the time ranging from ten
| to ninety days according to the period spec
ified in the bylaws. The meeting Of the
/ Presidents at the Emigrant Industrial Saw
ings Bank yesterday afternoon was called,
said President James McMshon, OF that
| bank to-day, TO consider what action would
be advisable TO relieve the heavy drain
that has been made since the present IL
nancial depression commenced. Eacn
President was invited to give his expert
ence since the drain began, and what, IN his
| opinion, should De done 10 stay II. They
! all agreed that the withdrawal OF deposits
was in much greater proportion 10 than
the money coming in.
AKRON. o., July 29.-The Citizens Saw
ings aud Loan Association, OF this city,
closed its doors at 1880 this morning. The
cause given was constant drain OF resour-
ces by drawing out Of deposits. The bank
Is regarded as in perfectly sound condl-
ton and will pay dollar for dollar. Capt.
| tai stock 500, 900 with ESQ, 900 surplus. The
company was organized and incorporated
in 1872.
WALL STREET, New YORK, July 29-The
bank statement shown the following
changes: Reserve, decrease, tS,045, lbs );
| loans, decrease, 81, 105.3 800: specie, de-
crease. g, ,22l 400; legal tenders, decrease,
| s., SOS, 500: deposits, decrease, SS,2g9, 100;
| circulation, increase, ll0,9 The banks
are now $40, ,03l ,675 below the requirements
Of the 35 per cent rule.
PITTsBURG, Pa, July 29.-Application
was made in the United States Circuit
| Court to-day by Trenor Luther Park for
the appointment OF receiver for the New
York, Lake Erie and Western railway as
supplement 10 a bill filed recently in New
York. The bill alleged that corporation
owned 1865 miles of road in New York,
| New Jersey, Pennsylvania, Ohio, Indiana
and Illinois, and that floating debt for
wages, supplies, etc, amounting TO upwards
Of s., ,0OO, 900 has been allowed 70 accummu
late.
John King and John S. Mccullough were
appointed receivers.
PORTLAND, ORE, July 29.-The CONNER
| ClAl NALlOndl Dhuh, IOENlauu oeNAhhs
Bank and the Ainsworth National Bank
failed 10 open their doors this morning
With the exception OF q slight run on the
First National Bank, the largest bank In
the city, there is no excitement.
BROOKLYN, July 29.-There is to-day O
| slight run on the Brooklyn Savings Bank
About 100 people are in line. The run Is
caused by the action Of the savings bank
presidents Yesterday. Cashier Flandra
said the bank was in good condition and al
| the depositors who demand their money TO
| day viii be paid in full. The Dime Saw
| ings Bank Of Brooklyn and South Brooklyn
| Savings Bank both put into operation TO
| day the thirty and sixty day rule. The
| Germania Savings Bank OF Kings county
announce that they will put the same rule
into operation on Monday morning. All o.
the savings banks Of Kings county vii
probably do the same.
TRENTON. N. j., July pa run con
menced this morning on the Trentan Sav
ings Bank and by noon about sSo,OOO wa
strongest in the State, having a clean sur
plus OF <26s, 600 The money paid out thi'
morning was Ia new silver dollars JUS
received from the Philadelphia mint. Al
the Trenton banks are in excellent shape
and no suspensions will occur.
HAMILTON, o., July 29.-The McNealt
and Urban Safe and Lock Company, one o.
the Oldest safe firms in the country, have
assigned to Howard Douglass, OF Cincin
natl. Assets, 500, 900; liabilities, unknown
The firm has been unfortunate In seyera
large contracts, but IL is claimed that II Il
solvent.
FosToIRA,gO., July 29.-The creditors ot
| Foster g. Company and Charles Foster
have held largely attended, secret meet
ing and raised fund to employ an expert
to make an examination OF the books OF the
bank. This will be done In order TO SEQ
whether there was any irregularities In re
cent transfers Of real estate.
CHICAGO, July 29.-The Wolf Lake Dis
tilling Company, at Hammond, Ind, has
been placed In the hands OF receiver
The liabilities are estimated at 100000 II
Is thought that the assets will not pay
more than twenty cents on the dollar.
WASHINGTON, ID. C., July 29.-An addi
tional purchase Of $4,000 ounces OF silver
at Co. 1000 cents per ounce, made last
evening. In response TO counter offer, was
announced at the Treasury to-day. This
makes the total purchases, exclusive OF
1locals.n 2.072. 900 for the month. Next
Monday is the last purchase day. Several
offers at higher rates than the above have
been declined without any counter ofer
being made. The Treasury has been sd.
yised by the mint authorities az Philadel
phia that the holders Of some Of the silver
bought at the Treasury rates have failed "a
deliver IL. Notice has been sent them that
the silver must be delivered within twenty
four hours or IL will not be received.
NEW YORK, July 29.-Lazard Freere
will ship 81. .OO0, 900 In gold from Liverpool
next Wednesday, on the steamship Ma
1estic.