The news & observer., 1896-12-30
CONPT PTR0LLER CALM
Mr.. Eckels Views the Bank
Failures Without Alarm.
THOSE RECORDED TODAY
They Closed Voluntarily Not
From Necessity.
EVERYBODY CAN BE VERY COOL
Recent Failures, Says Mir. EckeIs, Are
More or Less Disquieting But We're
Due to Local Causes Not te
General Condjtiopa
General Conditions

Due to Local Causas Nolta
0e''s'a' conditions
| Roanoke Va Dao 90 rlo (-.....--.
| ciaJ National Ranl of fhis o;t,. - g.
doors tbis ,1o,.,ire, t,. -l.... +t', t,5 -,9
| Of directors -Ths ,,.,,,.. or +I.,. -
! was beavv rnn or The l,,,l- -
by the depositors. On December q. r q.
| davenport cashier resigned. and his
| successor was elected. The matter was
/ Eepl quiet until Sunday night when
| davenport left the city for bis home I'm.
| Charleston w. Na., and it is stated that
| RS soon as TINS became known general
fun was made on the bank and it was
! compelled 10 go to the wall. The officials
| say that deposltors viii be paid i'm full.
! The liabilities are about 5000, while
| the valuable assets are estimated to be
| worth more than double that amount.
| III. y. Trout, president of the First Ma
| tional Bank, and Il. T. Fishburne, pres.
| ident of the National Exchange, both ex-
| press themselves as being Of the opinion
that the depositors will not lose a dollar.
1hiS opinion Is concurred IN by business
men .,7a-I'S.. geLleFSt'iy. -.-,
| r,-a-:soDIe 60 S1lll ~o9 ICeel'eu Quay "
- -. ION HcAeis
e.s - ~ 'i0i1S as ~ ,il0 COURSE u De
/ ~ " 'ue DauA
| 80. uii'ii 1Le glA'dl oL DaAh Exam
| iiiei 0aAuS lioAn " asHils'o me me Pald
/ IL capita! s0JcA ~ 'le O4hh Is @IOO'OOO'
| anu nearly 1HIee-IourthS Oh the STOCK is
eII, 80 oS men u laIse means "nlch VIII
Ul '''s1 'HS''i9 li'e ueposi'oIS against loss'
| ECAELS GETS THE NEWS.
| Washington, Dec 29.-ComptroIler Of
1 the Currency Eckels received telegraphic
/ notice to-day that the Commercial Ma
tional bank of Roanoke, Va, had closed
It's doors ana suspended payment Bank
examiner oanus was sent 10 take chaFge
ol me INSTITUTION MT EckeIs does not
| regard the Taliure as serious one. The
| iast report 10 MN, made November q,
| uitimo, showed assets of the bank $685.
! 'Uf' lhelaaing Ioa a It's bonds for circulation;
80 80 GO oon' i'''ie, $1,000 ulidI-
ezE 0od, @G,J e- ~ Jr >
%'y'oO0' "'lel il''DLIi'Ies' %oo'UOo' ne
l"llut1 ~ - 'IlDG'eu oy 'ti' rcAels IN
part 20 Lle Speculation ana Doom Iehueh-
cles "hlch preValed IN that locailty.
| WILL NOT AFFECT NEW YORK.
| New York Dec 2Q-Tha nresidaDt of
| the Market and Fulton National Bank
Of this citv. which ia the Nerv YorL ren-
| rasptative of +ba Commercial Notions1
| p,,I, ~ T3,,o,l1C,, ~, - - - 80
+bo FoiInra of ~ 1atta. ba,,1- ia at
! offoct bis ho,I ~ al tTo goid tLa+ +bs
/ or,,o,,,,t -, 5~~oc;+ ~ ~ STauI-at q
- 80 -. 60 80. -.
Ool'N9 IOl 'iiT
o''i -y'''.0A1''I ", T"S ilo' IA "e 9ou'u-
eIH NI'lon4I o9llH' VI 1i,'9 Guy IL "uleH
/ coneollua,eu WIN 'le DioIAe0 anu i uI0on
P3li';eI1 2ai III 'l'iS ei'S I0i ''e Oo-iii'' '''
Dtr.r-r4 p,D-~ MANS
-
| b4taFIa' III, zee, zJ.-E H. ana Jonh
| = an NorJ"lCk oallA ulu hol l open lIs
doors To-Day. AIJhough over %Z'OOO was
taken III yesterday III uepOsl1S' NO tIouOie
was Cduseu OF eAclIeiitA1 ctedleu ouO-
Slue Ine inS'l1u'lOH'
| WHOLLY VOLUNTARY AFFAIR.
| Chicago, Dee ga. w. Green, of the
firm of Green, Robbins & Honore, who
are attorneys for the Van Nortwicks, said
/ to-day: THE assignment was wholly
| voluntary and was due to the desire Of
| the Messrs. Van NOrtwick to avoid more
serious consequences as result OF the
t.yEo "a at l,-- t -ot ,,,ns D,,.l,
sor +llaC oo,,15 ~ 10 oI+o;4o5 20 +Lo
tiTne tho o,oT,oraI o,ssi,ry,y,o1t -,,,a.e
vara Tna5e ont 7 baiiava +bair osso+s
anooI,nt tn fpIJv 81 600 O0O Tba IiabiI;tios
cannnt nossibly evcaa5 S40O 600 or S5O0.
200 ~ ~ $50 er,-,J,, b,I;,ro 49,,
LII ~, 100 80, -, 49,, ~ 80 r
s5Oo 900 1of+ b,,t +bov- v,,Is+ 49, 80,
That IS the Tboie reason For +bo assien,
mant Tbav bova NOT tba raodv money
to meet certoin nrossino claims ond tboso
are the times when hard cash talks"