St. Paul daily globe., 1893-06-15
FINANCIAL CRIPPLEs.
An Indiana Bank Suspends-Run
on a Gotham Bank.


INDI ANAPoLIs. June 1.-THE Cit
zens' bank, of Fairmount, Ind. has sus-
pended operations owing to stringency
in money markets. Capital stock, $780,
600: assets. SOL. 600; liabilities, from
$4,000 to Sl5O,00O.
NEW YORK. June IA run was
started on the IrvlngS Savings lnstitu-
ton this morning as SOON as the doors
of the place at No. 96 Warren street
were opened. Treasurer NJ. B. Latimer
said the bank had on hand q million
dollars and could get that much more if
necessary, at moments notice.
This is the bank Iii which
Superintendent of Banks Preston, of
the state of New York. dis
covered deficiency of $40, 500.
Up to o'clock $4,000 had been with
drawn by deposits from the Institution.
The paying teller was paying the de-
poSitors slowly. AT o'clock there were
about hundred depoSitorS in line. The
officials declare there is no cause for
alarm, as the surplus exceeds the def
cheney bv over S600,000.
PAINE5s9. LIE. o., June IA. This
morning the Lake county bank of
Aaron, Wilcox Il Co. posted notice on
its doors aS follows:
This bank has suspended tempo
rarily, being unable to meet the run on
it at present, owing to the stringency in
the money market. All depositors will
be paid'in full"
The personal estate of the stockhold-
ers is liable for the Indebtedness, in all
amounting to several hundred thousand
dollars. The bank is believed to be
solvent. 1t was organized twenty years
ago, and has always been considered a
sound institution.
TOPEKA, Kan, June14-State Bank
Commissioner Briedenthal, who has re-
Gently made an examination into the
failed last Saturday, declares the man
ager, Hurlbert, of the bank conducted
its affairs in such manner as to send
him to the penitentiarv. Hurlbert
disappeared the day after the fail
ure. leaving a wife and two children be-
hind, and cannot be found. Commits
sioner Breidenthal says Hurlbert has
made false statements to the bank COM
missioner. The banks deposits amount
to S45, 900. and, although the assets on
their face show value of $4,000, they
are nearly worthless, and will net the
deposltors nearly 20 cents on the dollar.
OMAHA, Neb.. jane 14.-The runs on
the Omaha savings banks SubSided this
morning almost as quickly as they start
ed yesterday. Early there were few
depositors at the Omaha Savings de-
their money, but as soon as it
became apparent that the rush was
over the anxious ones left without tax
ing their cash.
RIVERSIDE, CAL, June 14.-The doors
of the Riverside Banking company
failed to open at the usual hour today.
The following sign was displayed on
the door: "This bank is closed under
instructions. Depositors will be paid"
MOUNT VERNON. o.. June IA. The
Chicago Brown Stone company. en-
gagged in extensive Quarrying in Knox
has been placed in the hands OF
4 receiver. Claims against the con-
Germ amount TO $4,000.
CLEVELAND, June 14.-The Baackes
Wire Nail company has made an as
'ignment. The inability to raise money
20 meet maturing paper was the sole
cause of the failure. Liabilities of the
company are only S225, 900, and the as
sets reach 100000.
WESTON, June IA. The EXCHANGE
Banking company. of this place, closed
is doors this morning. The bank has
lad run and was unable to get help,
md the directors decided it to the hest
interests to close. The directors have
notified depositers that they will Lrob-
ably receive dollar for dollar.