The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-01-22
HE NABS M'KNIGHT
NATIONAL BANK EXAMINER
SWEARS OUT A WARRANT. n

Himself up-Bank Failure in Iowa-Re
Wis, Firm-Other Faiiures-Ncws of the
Impecunious Rai,ways-Raiiway Char
tered in East Africa-Nicaragua Con-
cessions-Transportatio News
Louisville, KY, Jan. 2f-National Bank
Examiner James Scott today swore out
warrant for the arrest or James NJ.
Mcknight, president of the German Ma
tional bank, which was closed Monday
by orders Of Comptroller Eckles.
The warrant charges violation of the
national banking law, and was placed in
the hands of United States Deputy Mar
shall Samuel Blackburn, who was al first
unable to locate Mcknight. Examiner
Ecott would not talk about the warrant.
Mr.. Mcknight was also president OF
;ha Germania Trust and Safety Vault
company, for which a receiver was APP
pointed yesterday.
President Mcknight appeared at the
office of United States Marshal Black
barn at o'clock and surrendered him.
self He refused 70 talk.
INABILITY TO COLLECT.
Des Moines. Ia, Jan. 21.-The German
Savings bank of this ciTy has assigned
to H. T. Blackburn. The banks capital
Is $1,000: assets s6l1 900: undivided pro-
:i1s SlI 900; deposits $4,000 The bank
suspended payment after having opened
this morning with only $4,000 on hand.
Very little money came in, and when
william Musson presented a check for
$1,000 there was not enough 10 pay il, so
the bank closed its doors. The depOsi-
tors viii be paid in full, but the capital
stock will be wiped out entirely, and
an assessment will be made. The fail
ure was caused by inability to collect
from borrowers, most of whom were
small traders and merchants. No other
banks mere are effected.
WEST SUPERIOR AGAIN.
West Superior. Wis. Jan. 21.-The
Russian Miller receivefship. which was
applied for in the Federal court a. Far
go, y. D. and Madison, Wis, as stated
ny officers here, is not on account Of
financial difficulties. but through dis
agreement Of the stockholders. The Rus
sell and Miller Milling company was in
corporated in 1893 with 100000 capital.
JCnn Russell is president and Arthur
Miller is vice president and manager
The company operates one OF the largest
plants in the city. The cOmpany's arti-
cles Of Incorporation were recognized at
Madison, Wis, and Fargo, y. D., hence
the necessity Of applying TO the courts.
4 special from Madison to the telegram
SAYS: JOHN Bum yesterday, on com
plaint CT The Bernis Bag company, of SD
pcrior appointed John Russell of Valley
City, y D., and Arthur Miller of Super
ior, as receivers for the Russell Mill and
Mining company property in Superior.
The sa lae receivers were appointed Tues
day by a North Dakota judge for the
property there +. c. Kennedy of Super
Tor is attorney in the case.
ST. LOUIS FIRM FAILS.
St. Louis, Mo-, Jan. 21.-The Doson-
Hills Manufacturing company has filed
a chattel mortgage for $4,000 TO secure
creditors and is in the hands Of George
NJ. Meyer, trustee. 1t is nos thought
that general assignment will be made.
The assets of the company are estimated
al over 500, 600, consisting of plants in
Iowa and Missouri, and $4,000 in out
standing accounts. The Doson-Hils com
pany was organized twelve years ago
and was one of the largest concerns Of
its KIM in the west.
OHIO SOUTHERN.
New York, Jan. 21.-The re-organiza-
ton committee for the trust mortgage
bonds cf the Ohio Southern railroad an
nounce that they have received mapor-
!ty of assents to the plan but have eX-
tended me time for deposits with the
penalty until February s, so as 10 allow
holders living al a distance 10 partici-
pate in the plan.
ATLANTIC AND PACIFIC.
of the senate and house on the bill pro-
viding for the re-organiZa ton of the At
ldEtic and Pacific railway were in con-
ference today over the amendments made
n the bill in the senate. The conference
adjourned until Saturday without reach
Ing al agreement. The indications are
thai the terms IF the house bill will be
substantially adopted.
New York, Jan. 2l-The board Of di-
rectors of the Atchison has approved
the proposition for a settlement with
the Atlantic and Pacific bondholders.
UNION PACIFIC.
Omaha. Neb., Jan. 21.-The gross earn
fngs 0i the various branches Of the I'm
ion Pacific system for eleven months OF
1856. according 10 the report of the re-
reiVers Just issued. amounted TO 81, 206,
COS. an increase Of Si2,S3S AS the eX-
pense increased SlSS,249. the comparison
shows = decrease in the surplus OF $l15,-
4lo. The earnings for the leased bran
ches for The first eleven months of 1896,
months of 1895. The expenses Increased
but S31,796.
New York. Jan. 21-Members of the
reorganization committee Of the Union
Pacific decline 70 make any statement
regarding the conference held today at
the Mercantile Trust company.
HOOKING VALLEY.
New York. Jan. Choking Valley
securities declined Sharply this after
noon or rumors affecting the financial
credit of the company. The common fell
SIS per cent. 10 Sl2 per cent and the
general mortgage skies. "a per cent. 10
S0ia per cent. Officials of the company
enpha ideally denied the rumors and said
that there vas not the slightest probabi-
liTy % a receiver. Furthermore. il was
minated that the outlook FOR a settle
n;ent was good. on the details. the
common rallied per cent. TO IL. per
cent. with d subsequent recession 10 10le
per cent Another sensational move
n,ent was in Long Island. which fell I
Per cent. - - per cent regular. and a.
go ruled offered al Il per cent sellers.
The slump was attributed 10 rumors of
a decidedly unf9vora Die expert report on
the property.
OREGON SHORT LINE.
Seattle. Wash. Jan 2L-Authentic in
lVi -hSsiV4A ACNSiNSu RN TIE fuSN-4Nsel-
isencer gives the first announcement OF
the new officers 1t the reorganization OF
the oregon Short line. Il is stated that
W. II. Bancroft. now superintendent OF
the Northern Division of the Union Pa
cifc, Will be general manager: $. W.
Eckles, at present general freight agent
~ the Union Pacific. Will be general
freight agent; u. +. BIrleigh. now gem
eral agent OF the passenger department.
al Salt Lake, viii be general passenger
agent. and F. II. Wills. assistant audi
tor or the Union Pacific at Omaha, VII
be auditor. Theo fficss o. the Short Line