Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1894-05-17
MISSOURI STATE NEWS.
The First Nationa, of sed.,ta.

tiOna1 bank examiner, has charge of
the First national bank, which sus-
pended May 4. 1t is said that he found
less than 81, 900 in cash Mr.. Latimer
has been busy day and night investi-
eating the banks condition, but when
seen last night and Intercepted about
the rumor that Cashier j. c. Thomp.
son was a fugitive, he would neither
affirm nor deny the report. He admit
ted, however, that he had wired con.
siderable important information to
Comptroller Eckles regarding the
banks condition. and also consid-
cradle regarding Mr.. Thompson
personally, but beyond that he
would say nothing. 1t is known that
Mr.. Thompson has lost heavily in the
past three or four years in real estate
deals in Kansas City and California,
and the belief is fast gaining ground
that depositors will realize very little
out of the banks assets. Mr.. Thomp-
son has for years been one of the lead
ing citizens of Sedalia, a pillar in the
Episcopal church and there was never
public enterprise that he did not con.
tribute to it both his time and means.
His residence property has been adver-
tised at sheriff. sale to satisfy a judg-
ment in favor of the First national bank
of Jefferson City; and this, it is be.
lieved. is but the beginning of much
litigation. A few years ago the First
national did the largest banking bust
ness in the city, but when the rumor
condition many of its Heaviest depos.
Sf0Vs D1,o - al
to the very last it had a goodly num-
Der who stood by it and We're positive
that the stringency of the times was
the sole cause of the trouble.
A RECEIVER APPOINTED.
SEDALIA, May 11.-Banlx Examine.
Latimer has been appointed receiver OF
the First national, having resigned
temporarily as examiner. 1t is be-
lieved that Cashier Thompson has fled
to Mexico. and the statement is made
that he commenced crooked work in
the bank two years ago. Thompson
has many friends, who express sym
pathy for him, and they would have
raised thousands of dollars to have
prevented the crash.
TURNS OVER EVERY DOLLAR.
SEDALIA, May 11.-Cyrus Newkirk.
president of the suspended bank, has
given a bill of sale on every dollars
worth of property owned by him, here
and elsewhere, in behalf of the banks
depositors.
HOT AFTER THOMPSON.
SEDALIA, May 1a.-Reliable informa-
ton coming from a government official
has been received from Washin gton tc
the effect that the treasury department
is taking extraordinary measures to
secure the arrest of Cashier Thompson.
1t is stated that the total of the mis-.
appropriation by Thompson can not be
estimated with any accuracy; in fact.
a guess might easily be 100000 away
from the actual figures.
LOOKS LIKE A CLEAN SWEEP.
AS the examination continues the
condition of affairs grows worse. The
investigation thus far, while far from
being complete, warrants the state
ment that the bank examiner will be
compelled at an early date to order an
assessment of 100 per cent. on the cap
ital stock. That means levy of $780,.
900, a sum which, as large as it is, may
not be sufficient to repay depositors
dollar for dollar.
Republican State Convention.
The Republican state central com.
mittee met at Excelsior Springs and
decided to call the state convention for
August Is, at Excelsior Springs The
basis of representation was one dele.
gate for each $50 votes cast for Mai.
Warner in 1892, and one for every frac.
ton of LIS. 1t is estimated that this
ratio will give the state convention
about 1000 delegates. The date and
mode of electing the delegates to the
state convention was left discretionary
with the county committees, provided
that all delegates must be elected not
later than August II.
A Coal Famine Imminent.
1t was stated on the 9th that the
question of coal supply for st. Louis
had reached critical stage, caused by
the miners strike. There was es-
timated to be about ten-days' supply
on hand, and after that is exhausted,
and the miners We're still idle many of
the large industries would be COM
peeled to shut down. The street rail-
way companies had about weeks
supply, the water-works about enough
to run for two weeks, and the price of
coal had jumped from cents to Is
cents per bushel, with little to be had
at those figures,
Heavy Failure in st. Joseph.
A. n. Schuster & Co., wholesale
clothing. st. Joseph, have assigned;
liabilities, estimated, 100000 Mr..
Schuster's real estate possessions in
st. Joseph, aggregating 100000
were placed in the hands of the as
signee. The firm did business of over
sL.00o,o00 annually, and was until
short time ago considered one of the
most substantial in the west.
ST. JOSEPH, May 1.-THE liabilities
in the Schuster failure are placed at
$4,000 and the assets at $500, 900.
From Washington.
NEW PosTMAsTERs
Edge Hill. Reynolds county, j. S. Eaton, vice
LeopollS. Livingston county, Arsenius Fable,
wee F. DeSales. resigned
Overton. Cooper county, w. F. Allen, vice Fl.
h Woodbridge. resigned.
Valley Forge. St. Francois county, D. F.
Guessing, vice Fred Guessing, resigned.
w. III. Emerson.
Hon. w. H. Emerson, ex-representa-
tive from Pettis county in the legisla.
ture, died at his home in Lamonte the
other morning, aged over so years.
Great Strawberry Festival.
The Daughters of the Confederacy