The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-02-06

Pennsyiyania Banks and Eankers.
washington, D. c.. Feb. 5.-Tne comp
troller of the currency has received
| telegram announcing the suspension OF
the First National bank OF Franklin, ..
At the close OF its last report the bank
owed depositors $4,000. and had sur
| plus of $4,000 and assets. including
bonds. OF $4,000. Its capital is $780,
| coo
The comptroller also received a teie-
gram from two directors OF the North
western National bank OF Great Falls.
Mont, stating that because Of certain
action of the cashier they had taken pos
session, and asking instructions. The
comptroller diccrte6 receiver N the vi
cinity to take charge temporarily, until
the national bank examiner could reach
there.
THE GREAT FALLS AFFAIR.
Great Falls, Mont. Feb. 5-The North
western National bank OF this city fail
ed 10 open its doors today.
The cause OF the trouble IS the discov-
cry by the directors that the cashier.
Benton d. Hatcher, had drawn slsO,-
600 from the Boston correspondent. the
Globe National bank, and used II IN
the purchase of the banks stock for
merly owned by the Conrad Brothers
The bank officials knew OF the purchase
OF the stock. but were told by Hatcher
that the money was being furnished by
Boston parties for whom he was making
the purchase. II Is believed that MeSsrs
Conrad knew nothing Of where the mon
l.
edge Of the transaction here was when
President James \. Goram of Boston.
who has conducted the investigation, ar
rived last night and called a meeting of
the bank directors. Cashier Hatcher IS
at home in this city but declines 10 see
anyone. He IS announced as i'll and has
rothiDg 70 say. An unofficial statement
gives assets $50, 900; liabilities $780,
600
St. Paul Mimi. Feb. 5.-A Great Falls
Mont. special TO the Ditpatch says: AT
o'clock this morning notice was post
ed on the door of the Northwestern Ma
tional bank of this city tina; the bank
was closed, pending an investigation.
The bank has been doing a large. and
supposedly prosperous business ana the
closing of the doors caused great sur
prise. The trouble arises over the recent
purchase of a controlling interest IN the
banks stock from Conrad Brothers II
is stated that for acquiring tfus STOCK
the cashier used the funds of the North
western and it's Boston correspondent
the Globe National, while the directors
supposed that the purchase price OF Con
RAIDS stock came from new stockholders
THE FRANKLIN FAILURE.
Cincinnati. O., Feb. A Times-Star
special from Franklin Ohio. says: The
failure of the First National bank of this
city is attributed to general depression
of business. causing withdrawal of de-
posits. 1t is said there are already plans
made to establish a new bank.
READY TO IMPEACH.
Cheyenne, Wyo., Feb. 4.-Judse W. s.
Metz, OF the Fourth judicial circuit, OF
Wyoming. rendered his resignation to
Governor Rich ards and it has been ac-
cepted The house had agreed TO bring
impeachment proceedings against him,
and the senate had declared TO resolve
itself into a court for his trial Saturday
February s. Metz was charged with hav
ing been bri5ed 10 allow fraudulent set
tiement OF the Sundance bank. Metz. II
is said, permitted the bank 10 transfer
worthless marsh lands 20 minor who
was a ward of his court, in liquidation
Of debt of $4,000 The Impeachment
proceedings against him by the house
will bly, be dropped.
4 HOI LIDAYSBURG ARREST.
Hollidaysburg. Pa, Feb. 5.-Colonel
William Jack. a member OF the suspend
ed banking house OF Gardner, Morrow
q Co. was arrested today on a charge
of receiving deposits knowing the bank
was insolvent. and released in 5000 bail.
The prosecutors are two prominent cit
liens Colonel Jacks friends stouiiy
maintain his innocence and say his con-
nection with the bank was only OF
nominal character.
CASHIER ABSCONDS.
Bethlehem, Pa, Feb. 4.-Cashier {. +.
Breeder, of me First National bank OF
this city. has ahscondej. Experts have
found a shortage OF nearly $4,000.