The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-12-24
WHOSE TURN NEXT?
IT'S A COLD DAY WHEN AT LEAST
ONE BANK DOESN'T FAIL.

UNI BANA DObSN ALL
This Time it is the Bank of West superior
of West Superior. Wis, Not, However,
Large Concern-Bank of Illinois is Broke
Worse Than at First Appeared = All
Kinds of "Trusted OfficiaI. Business
Back of the Failure Director Page
Tells the Story of the Banks Msusge-
ment.
West Superior. Wis, Dec. 23.-The
Bank of West Superior, capital $4,000
and surplus $4,000, suspended operations
this morning as a direct result OF The
failures of The Banks of Minnesota and
Illinois The notice Of suspension stated
that the cause was the Bank or Minnie
sofa, but the Rink o. Illinois weakened
Il considerably. At the November state
ment the bank bad deposits amoln' ing
10 s1g.94.. and re- discounts Of 81 800.
The loans and discounts were Si06 81,
real estate assets S:5,Ai3, bonds and Sc
curi,ies 1891, end cash on hand S22,-
259.90. OF this cash on hand 10000 was
the institution to close. The officials say
they expect TO resume and pay the de-
positors in full.
New York, Dec 23-Officers of the Ma
tional Bank of the Republic, the New
York correspondent of the National
Bank OF West Superior, Wis, say that
the latter institution had only small
balance here.
BANK OF MINNESOTA.
St. Paul, Dec Estate Bank Exam
liner Kenyon was still in charge of the
Bank of Minnesota at noon today, re-
reivers not having been appointed. Mr.
Kenyon said he would not prepare
statement if a receiver was soon named,
as he believed would be done, leaving
that work to the receivers. There was
go excitement today in business circles.
the assurance that depOstors of the
bank would be paid in full being sutti-
Gent TO allay all fears, as ii was made by
different stockholders of the bank who
indh iGually could more than pay the de-
pCsilors. The other banks were all
transacting business as usual, with no
sign of trouble anywhere.
Frank A Seymour and Attorney w. II.
LighJrar were this afternoon appointed
by Judge Otis to be joint receivers of the
Bank OF Minnesota. They were required
Immediately take possession of the bank.
ATTACHMENTS SERVED.
New York, Dec 23.-The sheriff today
received two attachments, aggregatins
So, 361, against the property in this city
81 the Bank of Minnesota, of St Paul,
which failed yesterday. One attach
ment. for s24 .361, was in favor of Henry
W. Miilag, on an assigned claim OF the
Third National bank of Boston, and the
other. for $1,000. in favor of Cornelius 5.
Loder. 4 deputy sheriff served copies
OF the attachment on the Chase National
and Mechanics National banks
BANKERS UNDER ARREST.
Chicago. Dec. 22-E. S. Dryer and his
partner. Robert Berger, of the banking
f~ni Of T.. 6. Dryer & Co., which col
lspsed Monday as a result of the closing
OF the National Bank of Illinois and for
whose arrest warrants were issued last
night. gave themselves up today. Ar
engagements had already been made for
eha bonds and the two bankers We're
promptly released Dryer and Berger
are charged with receiving a deposit Sat
uriay last, knowing their bank was in
solvent.
M'HEpN treasures ECKLES.
Washington, Dec. 23.-Comptroller
Echles today received a telegram from
Ar. Mckeon. the temporary receiver of
the Eank Of Illinois, saying that the
furry occasioned by the failure had sub
sided, and that no further trouble was
anticipated.
BANK is DEAD BROKE.
Chicago. Dec. 23.-Captain Schneider.
tie pres dent of the National Bank of
Illinois, iiVes in a rather snowy brick
residence al 1000 Michigan avenue. He
Is % years of age and in rather feeble
health. When called upon today by a
representative of the Associated Press he
said he should have no statement TO
make and he seemed quite broken by
the calamity which has befallen him.
He was alone and denied himself to most
callers. although ne has been most of
the morning talking over telephone to
the bank people. There is no prospect Of
the banks resuming business, and it is
by 40 means certain that it will pay its
depositors in full, as at first stated.
MONON RAILROAD LOSES.
indianapolis, Ind, Dec. 23.-The new
Monon Railroad company has $50. 600 in
the National Bank of Illinois, which fail
ei at Chicago Inc other day. The regu-
lar pay day on that road is the 18th of
the month. the payments being made by
checks through local agents. There has
been some uneaSiness among the men,
who fear that this months payment will
be deferred. Judge Woods, of the Unit
ed States court, says the men will be
paid. even should it be necessary to is
sue receivers certificates.
TOOK THEIR WORD FOR 1T.
Chicago, Dec. 2S.-"Never did see on
the book kept for the purpose Of inform
ing the directors of the bank as to who
Were applicants for loans, the name Of
the Calumet Electric railway"
The above statement was brought
about in a conversation with Director
Page Of the defunct National Bank of