Omaha daily bee., 1896-12-31

Financial situation I'm Minneapolis
Much IuprOyeI.

MINNEAPOLIS, Mimi, Dec. 30.-The flnan-
cial situation is much easier here today and
no appreheIs.ons are felt as to the security
of any of the large banks. The announce
ment that the Bankers Exchange bank had
suspended payment for a few days caused
scarcely a ripple, as the institution is a
very small one, with only 100000 capital.
There has been run on the bank which has
drawn 1886 900 from II in three weeks. Cash
ier Field declared that he had plenty of ready
money In the vault but preferred to await
the bank examiners advice before making
further payments. The Northern Trust COM
pany, through it's vice president, George
Maxwell, applied to the district court this
morning 70! a receiver. The hearing was
postponed one week. Ex-Governor a. h.
McDill Is its president. 1t suspended pay
ment during the panic of 1898, but afterward
resumed business
BIRMINGHAM, Ala, Dec. 3O.-The Com
mercal bank of Selma failed to open its
doors today. The Commercial was estab-
lished in 1880 and has a paid-up capital of
$500, 900 and undivided profits of $4,000. The
New York correspondent is the American
Exchange National and the Chicago cor
respondent the First National X. NJ Mel
son. president of the Commercial. Is well
known in Alabama and has for many years
been prominent in financial circles. He was
regarded as a conservative banker. There
are two other banks in Selma, one very
tional bank, which is regarded as the most
substantial financial institution of the state
WASHINGTON, Dec. 30.-EXaminer Tai
bet. who was ordered to Chicago, will sue
ceed Mr.. McKeon as the regular examiner
of national banks for the Chicago district.
Mr. Tablet was formerly examiner for the
st. Paul and Minneapolis district. Mr. Nc
KeOn's appointment as permanent receiver OF
the National Bank of Illinois will occupy
all his time; hence the appointment of his
successor in the examination district of
Chicago.
CHICAGO Dec 3O.-As the result OF
conference this afternoon between William
Van Nortwick Congressman A. j. Hopkins
of Aurora, Charles Quarles of Milwaukee
and Attorney A. W. Green of this city II
was agreed that the Batavia bankers, whose
failure on Monday afternoon affected SO
many institutions in Kane county and else
where, would ask their creditors for more
time in order that they may be able to pay
in fun their obligations. No creditors of
the insolvent bankers were admitted to the
conference What properties would be dis
posed OF first AMI how much they would
bring was one of the matters talked of but
no arrangement was made 1t is believed,
however that the Western Paper Bag COM
pany will go first and that the Combined
Lock Paper company on Fox river will fol-
low.
NEW YORK. Dec. 3O.-Everett's hotel.
and best known establishments of its kind
in this city. was closed today. Its proprietor,
Samuel II. Everett, has been in trouble for
some time.
AUSTIN. Tex, Dec 3O.-G A. Bauhn, Aus
tins leading jeweler made an assignment
this morning, naming preferred creditors to
the amount OF $4,000, of which $4,000 is
due eastern creditors and the balance is dis
tributed here, three national banks being
caught for some $4,000. The eastern cred
IL 4 a.. E..Nt
amount.
WEST SUPERIOR, Wis, Dec 3O.-The
Anchor Grain company, operating on the
Superior Board of Trade, assigned this morn
ing.
NEVADA, Mo-, Dec. 9O.-The James-J Jessie
Commiss on company closed it's exchange here
today. because of the failure of a commits
sion firm at Chicago yesterday. Liabilities
are not known.
SAN FRANCISCO. Dec. 3O-Levn Bros,
grocers, operating two stores here and two
in Oakland, have failed. Liabilities $50 600
NEW YORK, Dec. 30.-Charles G. Ross,
dry goods commission merchant, as
signed today. About $780, 900 is involved
GEUVENEUR, N. Y, Dec. 30.-James c.
Lee. proprietor of the Edgewood hotel at
Star Lake in the Adirondacks. and largely
in several other ventures, made
an assignment today. The liabilities will be
heavy, Mr.. Lee owned property in Denver
and Buffalo and at Murray Hill Park, the
new resort on the st. Lawrence.
PLATTSBURG, n. Y, Dec 30-A re-
celver has been appointed for Witherbee
sherman & Co. owners Of extensive iron
ore mines and furnaces at Port Henry, |
Their property is valued at over 81 1000 900 |
The firm has no Indebtedness and the re-
Is for the purpose of selling the |
and terminating the partnership. |
APPLETON. Wis. Dec. S0-John s. Van |
has made an individual assign
nent OF his Fox RiYer property naming |
John Beer of this city as as |
Rnee The latter has given bonds for $3.50 |
400. The principal properties in the assign
nent are the plants ~ the combined Loaks |
Paper company and the Appleton Paper and |
Pulp company. Mr.. Van Nortwick took he
step TO protect himself
u. & o. shops Are Closed.
1 Il IL