The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1897-01-06

Mnlions Involved In Failures.
CHICAGO, Dec. &0-As result Of
the voluntary lquidaticns OF the At
Jas National bank Of this city, Viii
liam N. and John S. Nan Nortwick,
who held 454 shares OF stock IN thai
bank and were borrowers therefrom
to the amount of $S00,G00, made an
assignment yesterday 10 the Equitable
Trust company of Chicago, who took
possession OF the Van Nortwicks bank
at Batavia yesterday.
The failure involves the entire IN
terests Of the Van Nortwick's, whose
estimated wealth, according to their
last statement, IS g, 500 000. often eS-
timated at three times that amount
and representing, besides the Van
Nortwick bank and other property at
Batavia, large manufacturing inter,
ests The total liabilities will proba-
bly, be near $4,000 The articles
of assignment, three N number, were
filed in the Kane county court at &C.
neva at O'clock yesterday afternoon.
w. NJ. snd j. S. Van Nortwick each
assigning as individuals ana the two
IS company.
The interests OF the Van Nortwicks
are large and diversified. They own
the western paper bag factory at Bata-
via, employing several hundred hands
with a daily output off 900, eco Large
factories at kaukara, Wis, for the
manufacture of manila paper, and st
Memphis, Tenn, for the making OF
paper wooden ware, are branches
of the Western Paper Bag company
and are conducted under the same
management. The Van Nortwick Pa
per company owns mills at Combined
Locks, near Appleton, Wis, which
cost $500, 900; also the Appleton Man
ufacturing company st \ an Nortwlck,
Ills, with a capital stock of $500, 900,
with turns out wind mills and agrl-
cultural implements.
In Batavia so much real estate IS
owned by them that people are often
heard TO remark: The Van Mort
wicks own Batavia" Besides the
brick block in which the bank is loca.
led, erected at a cost of $40, ,0G0, and
other real estate, they own 400 acres
of farm land there valued at $50, ,O00
Among their possessions are also
thousands of acres Of pine lands IN
Wisconsin. They are stockholders IN
the old Second National bank and the
Aurora cotton mill company at Auro-
"a, and banks at Appleton and hau-
kama, Wis.
The Van Nortwicks probably are
the most extensive paper manufactu-
refs In the west and the ramifcations
of their business extend all over the
western country. Had it not been for
the spreading out in this direction, 1t
is thought the crash of yesterday
would have been avoided. The Apple
ion Paper and Pulp company and the
Kaukana Paper company, under
whiss- sss zG7=T7sses asslll-cs tl.e VA N1-tSic-'
sgsper interests in the river valley are
consolidated, constituted one OF the
strongest paper combinations ever
formed. The combination included
ths Appleton Paper and Pulp COM
pany, Kaukana Paper company. Com
bined Lock Paper company, Wiscon-
sin Sulphite Fiber company and Cn-
ion Pulp company. These companies
are combined under one management
for the manufacture Of book, print.
manila and express paper, sulphlte
and wood pulp and do an immense
business in these specials. The man
Office of the companies is the Apple
ton. The Appleton Paper and Pulp
company was Incorporated IN 1873
and has q capital Of $l5O,O0O. Inc
buildings burned few years sgo,
were never rebuilt.
The KaukaDa Paper company plant
is located at Ksukana, Wis, seven
miles from Appleton, on the Cnlcago
and Northwestern railroad. This com
pany was incorporated in 1879, and
has an authorizsd cspital Of slC0, OGo;
Seventy-fve workmen are employed
and the output is ten tons OF manila
paper daily.
The Combined Lock Paper compa-
nv was incorporated in 1890 with a
capital of $3.50. 900 and the mills have
an output of 80 tons of pulp daily and
40 tons Of paper. This company makes
printing paper exclusively.
The Wisconsin Sulphite Fiber com,
pany owns valuable woodland and
supplies wood for making pulp to the
mills Damed in the foregoing.
The Union Pulp company has mills
at Kaukana. 1t was Incorporated II
1879 with $50, 600 capital. The capacity
of these mills is 26 tons OF pulp each
working day.
ROANOKE BANK SUsPENDs.
RICHMOND, Va, Dec. ga Roa,
noke special to The Dispatch says:
The commercial National bank OF this
city, closed its doors this morning be-
cause of run on that institution yes
terday. This run it IS believed was
caused by the resignation OF Cashier
Davenport and his departure for West
Virginia on Sunday. The resigna
lion was rendered on the 18th, but did
not 90 into effect until the Goth and
for some reason the matter wss kept
ne general public for week OF
more.
Mr.. Davenport had been in the EN-
ploy of the bank for some years, anc
his books on settlement were cCrrec
IN every particular. When 1t was
known thai he had resigned, the peo
pie became uneasy and the run fol