The sun., 1893-08-15
TROUBLES OF THE BANKS.
A Suspension in Springfield. NO., and Time
Notices in Other Places.


SPRINGFIELD. Mo. Aug. 1.-THE Bank OF
Springfield made an assignment to Capt. c. u.
McAfee this morning. Its stockholders are
the Hon. J. F. G. Bently. ]. W. Hall. u. F. Ho-
bart Benjamin A. Mossey. j. $. Ambrose. and
James Stoughton. The liabilities are reported
at S151.27l.4 40. C. M. Everfol. Treasurer ofthe
Board OF Education OF Springfield. had Sl1.3oo
OF school money on deposit in the bank. Inc
failure OF the bank was due to the Withdrawal
Of deposits. about $4,000 having been called
for since the money stringency began 1t Is
thought that the bank will resume business III
about two weeks There is proposal to set
tie with the depositors by issuing certificates.
NASHVILLE. Aug. 1.-THE directors OF the
Elk and First National banks OF fayettevilie.
Tenn. to-day issued circulars assuring the
nublic OF their strength and solyency. but
saying that they deemed it necessary that all
deposits made previous to Saturday last
should be subject to one check for $50 only.
Certified checks will be given for all amounts
over this sum.
The bank OF Winchester to-day gave notice
to tho depositors that they would be required
to ulve sixty days notice OF their intention to
withdraw deposits The bank is said to be
solyept, and this action was taken to prevent
a run.
The Board OF Directors OF the Commercial
Bank and Trust Company Of Pulaski to-day
decided to require sixty days notice from de-
positors The Peoples National and the Citi-
zens' National. also OF Pulaski. acting in con.
cert. decided to pay depositors within the next
ninety DAYS ten per cent. OF depoSlts exceed
ing SlO and in no case more than 500. and au-
thorized the cashiers to certltv cheeks oi s de
positors for the balance payable IN ninety days
MEMPHIS. Tenn. Aug. l4.-Neither the certi-
fed check nor the Clearing House certificate
system will be adopted 6y the Mfmph1s nsr panEt nan
I a nyArD u n
| best Information obtainable is that no pos
| sible contingency can arise by which the
banks will be unable to pay dollar for dollar
| on demand.
The Shelby County Savings Bank. one OF the
| smallest institutions in Memphis. took advan-
| and announced that it would bs necessary in
| the future for depositors to give ninety days
notice before they could withdrawtheir money:
No apprehension is felt IS TO the sol'ehcS OF
Kansas CRY. Aug. 14-,The banks OF Fort
| Scott, Kan. began to-day paving certified
They will continue to do so until the currency
| stringency Is over . a,
LrrTIE RooK. Ark. Aug. 14.-At a meeting
morning. it wns unanimously decided to place
| certified checks in circulation: and also to
| limit the amount which any depostor may
TERnn HAUrE. Aug. 14-The failure OF the
| Prairie City Bank on SATURDAY. started a slight
| run on the First National Bank this morning.
n nromntIy %sid paid. The First national Bank is the
| largest in the city. and one OF the strongest in
Indiana. Before the day finished the run had
PnnTLANp. Ore. Aug I'D. p. Thompson.
the receiver ot the suspended Portland Savings
| PRnk, filed his inventory in the Circuit Court
.ss rhis sa9% ." he
creditors 1t will pay in full soon.