The herald., 1893-06-15
EAsrERN BANK TROUBLES.
A Run on tho irving Savings Institu
tfon OF New York.

Run on the irving Savings Institu-
tion OF New York.
New YORK, June 14.--A run was
started on the Irving Savings institution
this morning as soon as the doors were
opened. Twenty minutes after the bank
had opened the paying teller had paid
out $500. A speculator was on hand
offering to buy up all the books he could
get for 10 per cent commission. Treas
urer Latimer said the bank had on hand
81 100000 and could get as much more
ct a moments notice it necessary. This
ia the bank in which Superintendent
Preston found q deficiency of $4,000
z-sstssr5assY.
ThiH afternoon superintendent OF
State Banks Preston made the following q
statement: $ ln!Ae be directors CT she iassi-
tuition We're averae to making the condi-
tion of affairs public, fearing a run
would hurt the banks standing, but
advised them to take the public into
consideration. The run will probably
be over by tomorrow, when the solvency
of the bank becomes generally known.
The shortage may be larger than already
announced, as the channels through
which the money disappeared are not
all discovered. There may be other dis
honest officials than the three mentioned
last night"
No arrests have been made.
BANK SUSPENSIONS IN OHIO.
PATNEsvILLE, o., June IA run
which began on the Lake county bank
of Taron, Wilcox & 90. yesterday cu-
minated in its doors being closed this
morning. A notice was posted stating
the bank had suspended temporarily,
and that all depositors would be paid in
full. The general impression IL the
bank will be able to resume. The per-
sonal estates of the stockholders are
liable for the banks indebtedness, in all
amounting to several hundred thousand
dollars. 1t was considered sound in
stitution.
TOLEDO, o., June 14.--The Exchange
Banking company of Weston, O., a con-
cern capitalized at $4,000, closed it's
doors this morning.
AN INDIANA BANK FAILURE.
INDIANAPOLIS, June 14.-The Citizens
bank OF Fairmount, Ind, has sus-
pended operations, owing to the strin-
gency of the money market. Capital
stock, $50, 900; assets, S191 900; liabili-
Ties, @loUsUUU 10 Sl0U,UUU.
THE HUDSON SAVINGS BANK.
HUDSON, Wis, June 14.-The state
ment Of the committee on the affairs of
the Hudson Savings bank will show that
the assets, according to the bank state
ment, are S736, 127 assets, according to
the commitJee's appraisement, 1896, 1896;
liabilities, $644 ,493. With careful
handling by the assignee the loss will
be comparatively small.
OMAHA BANK RUNS sUBsIDED.
OMAHA, June 1.-the runs on the
Omaha savings banks subsidized this
morning almost as quickly as they began
A few depositors appeared |
early, but as soon as it became apparent |
that the rush was over the anxious ones
left without taking their money. There
are no new developments regarding the |
banks.
KANSAS BANK wBECKRR.
Topeka, Kan, June l4.-State Bank
Breidenthal, who made
an examination Of the affairs ithe bank
Of Burr Oak, which failed Saturday, de-
clares Manager Hurlbut conducted the
affairs in such manner as to send him to
the penitentiary. Hurlbut disappeared
after the failure and cannot be found.
The banks deposits amount TO $4,000.
Its assets are worthless.