The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-01-08
GOT A STRAIGHT TIP
BANKS TaAT STOOD FROM Under
A GREAT FINANCIAL SMASH,
Somebody. Nobody Will Tell who. Told
Certain Favored Banks What Was Going
TO Happen to the National Bank of ILL.,
neis. Giving Them an Opportunity to
Withdraw Their Deposits Which They
Were Swift to Improve-Eckles Names
Bank Receivers American National, of
Denver Re-opens-Day's List of Failures

Chicago, Jan. Tt has been ascer-
tanned positively that several banks
which had deposits in the defunct Ma
tioral Bank of Illinois were warned of
what was to come and as a result their
money was Withdrawn just in time to
save them from being carried down with
the wreck.
Henry W. Austin, president OF the
Oak Park State bank, made the state
ment today that he had received infor-
nation of the dangerous condition of
the Illinois National during the week
previous TO the failure. Acting upon this
tip. Mr.. Austin says. he Immediately
took out Of the bank the money his
bank had there Five thousand dollars
was Withdrawn Friday previous to the
Monday in December when the National
Bank of Illinois failed to open its doors
for business. The following day, Sat-
urday, 5000 more, which constituted
the balance due the Oak Park State
bank by the National Bank of Illinois
was taken out
Hinckley and Tilden, proprietors of
the West Side bank, were also warned
In time to withdraw their cash from the
tottering institution. Mr.. Austin refused
positively to state who his informant
was. He said, however, that he was not
director or official of the Illinois Ma
tional.
BANK RECEIVERS NAMED.
Washington, Jan. THE comptroller
OF the currency has appointed Bank Ex-
aminer Blancing temporary receiver of
the First National Bank of Sioux City,
and Examiner Anheir receiver of the
Citizens National bank, of Fargo, y. d.
Both Of these appointments are tempo
rary, pending resumption. Bank Ex-
aminer Turtilot has been appointed re-
ceiver of the Second National, OF Grand
Forks, y. D. The comptroller has re-
ce:ved Information that the Commercial
National bank Of Roanoke, w. Va.
which suspended some time ago, has
raised sufficient funds with which to go
into liquidation without the intervention
Of receiver.
DENVER BANK RE-OPENS.
Washington, Jan. THE American
National bank OF Denver, Colo, which
suspended payment April q, 1896, hav-
ing complied with the conditions i'm
posed by the comptroller OF the currency
precedent TO resumption, has today been
permitted to reopen its doors for bust
ness as a national banking association
Denver, Colo, Jan. THE American
National bank re-opened today under
its old management with 100000 cash
on hand to meet liabilities and conduct
business. There remains but 100000 OF
liabilities to be provided for out OF all
other assets OF the bank.
DAYS LIST OF FAILURES.
New York, Jan. IL. J. Johnston &
Co. a corporation, dealers in diamonds,
jewelry and silverware, today assigned
TO. John R. Keim, and Arthur H. Mas
ten. The liabilities are reported to be
S219. 900 and assets about s201 900.
St Paul, Mimi, Jan. IA Preston,
Mimi. dispatch to the Dispatch says:
The Bank Of Canton, at Canton, and the
Citizens bank of Lanesboro, both owned
and operated by Field, Kelsey & Co.,
suspended business yesterday.
Lancaster, Pa, Jan. 7.-Schroder,
Smith & Schroder's ready-mixed paint
works were entirely destroyed by fire to-
day The origin OF the fire is unknown.
The members Of the firm decline to
make an estimate Of the loss, but 1t is
thought to be fully covered by insur-
PDce.