New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-08-09
AFFAIRS OF THE CHAPLIN MINING COMPANY

AFFAIRS OF THE CHAPLIN MINI" So"rnN''
Milwaukee, Aug. s.-President Ferdinand schicis-
niger, OF the ChnpIn Mining Company, ana inc neaa
OF the great schlesinecr mining syndicate VIII tender
his resignation within three days, 10 take erect NJ
The company has given It's creditors aoSo'u'e
control OF it, property which inc'rded lease OF tne
famous CHAPLIN mine. with the understanding 'h"' "'
al the indebtedness Is cleared away the properly
shall return to the stockholders OF the COMPANY.
II was only after this agreement was made by all
parties Interested that Mr.. Schlsinger who Is prncu
cslly the Chaplin Mining Company. consented 10 DC
retired The plan creditors TO realize on tner
claims against the company is well arranged on .
business basis which promises to protect inc COM
pany against utter Generalization and enable all ths
banks I'm Milwaukee Kidding paper OF tbe Chaph
Mining Company to realize the basis OF 100 Genus
on the dollar with Interest IL originated , ~
mind Of Washington Becker. receiver Tor the Mi.cnt
Bank a and n" w G 1Se SS b ans Receiver
Becker Will manage the property
NATIONAL BANK or DEPOSIT DIVIDEND.
David Mcclure, receiver OF the National BANK Oh
Deposit. having received yesterday morning rom inc
Controller OF the Currency signed checks 70 mo
order Of depcsitors lie at once began paying Tue
40 per cent dividend recently declared by the Con'
troer.
TO ISSUE CLEARING HOUSE CERTIFICATES.
pittsburg Ang s-rhe Executive Committee OF
the Pittsbrg Clearing House Association decided tins
AFT, rno0n Issue Clearing House loan certincates
the majority OF the nineteen banks composing the asso
caton hayIng nj noon favoraby or the PROPOSE
tIon This eApedirnt. II is expected, will not only
relieve the present financial depression II this city, Dut
will nut The Plttsbrg banks n such healthy condition
that they can successfully thwrt the most fornild
able attack. There has been Il marked Improvement
In the sitnao.. during tn past three days 30 far as
IN, Ifft,biirg banks are concerned deposits haVlnS
Increased about - per cent me loan cerlmc'''s
well be issued upon collateral bearing 80 per c'" Vi
their face value"
WILL SUE TO RECOVER TIE STATES MONEY.
u,disop Mis- Aug s.-Thc state authorities yes
,iav deciei 10 begin suit recover III 100000 TIED
M by tho Murinc Bank >,Np n'i"h' F'oV' LII ''e
Milwaukee National Bank and SjooOo IN the Som'
mtrcinl Pnnk M Eau care.
r. SFCT'RE TIE INDIANAPOLf NNIIoNAL DAMN
INDIANAPOLIS Ang. s.-A representative OF inc IN
"A, polis National Bank Yesterday hied In 'e me-
corlers oilic. four mortgages 10 the bank. gwen W
secure loans made by the bank. the INSTRUMENTS
r.r. n cha,tel mortgage by the Indiana Glue WORKS
an II. plant for %;71.9 10: chattel mortgage ny
| the indianapolis Curld Hair WORKS ior Sfo'"D
marriage by james ana II. +. stephens. doing blsi
ness n, the New 'nd"n Icestonp my Tor '""o,
tn secure nine notes executed between June a"o
July H. and "A mortgage 10y T. j. Hanghey, presiaeh'
AZ the hank and wife, for 1870. covering al 'he
real estate med by him. nclriing the Mapletoh
| homestead Til, gi-cdg,d IA sets Of pe bank are
placed at SG3O.OO0. which Is something IKE Az PcT
cent Of the total liabilities