Article Text
More Bank Failures, JAMESTOWN, N. D., July 10.-Lloyd's National Bank suspended to-day. Deposits about $220,000. The assets are double the amount of the liabilities.
12351. Lloyds National Bank (Jamestown, ND)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- national
- Bank ID
- 4561
- Charter Number
- 4561
- Start Date
- July 10, 1893
- Location
- Jamestown, North Dakota (46.911, -98.708)
Metadata
- Model
- gpt-5-mini
- Short Digest
e9dbe34e
Response Measures
None
Receivership Details
- Depositor recovery rate
- 55.5%
- Date receivership started
- 1893-09-14
- Date receivership terminated
- 1896-01-22
- OCC cause of failure
- Fraud
- Share of assets assessed as good
- 38.1%
- Share of assets assessed as doubtful
- 46.1%
- Share of assets assessed as worthless
- 15.8%
Description
The bank suspended July 10, 1893 citing financial stringency and inability to realize on securities (part of the 1893 panic). No run is described in the articles. A receiver was appointed in September 1893 and the bank remained in receivership (asset sales, dividends, shareholder assessment follow), consistent with permanent closure under receivership.
Events (8)
1.
May 4, 1891
Chartered
- Source
- historical_nic
2.
July 10, 1893
Suspension
- Cause
- Macro News
- Cause Details
- Suspension attributed to the financial stringency (money market tightness) and inability to realize promptly on securities; assets reportedly exceed liabilities but cash shortage forced suspension.
- Newspaper Excerpt
- Lloyd's National bank suspended to-day. Deposits about $220,000. The assets are double the amount of the liabilities.
- Source
- newspapers
3.
September 14, 1893
Receivership
- Source
- historical_nic
4.
September 14, 1893
Receivership
- Newspaper Excerpt
- The United States bank examiner ... has appointed Mr. John D. Benton of Fargo, to be receiver of Lloyds' National bank, temporarily.
- Source
- newspapers
5.
November 19, 1893
Other
- Newspaper Excerpt
- Receiver Johnson ... sold at auction ... chattel mortgage securities ... $367 was realized.
- Source
- newspapers
6.
January 13, 1894
Other
- Newspaper Excerpt
- Receiver Johnson ... has forwarded his report, upon receipt of which at Washington a dividend to the creditors will be paid. The first dividend will be about 10 per cent.
- Source
- newspapers
7.
January 25, 1894
Other
- Newspaper Excerpt
- Comptroller Announces 15 Per Cent Payment for Lloyd's Depositors. ... the dividend has been declared from moneys collected from the assets of the bank.
- Source
- newspapers
8.
February 24, 1894
Other
- Newspaper Excerpt
- Comptroller Eckels has ordered an assessment of the shareholders of Lloyd's National bank in the amount of $100,000.
- Source
- newspapers
Newspaper Articles (23)
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Failure of n Jamestown, N. D., Bank. JAMESTOWN. July 0.--This morning Lloyd's National Bank announced that. owing to the financial stringency and inability to realize on its securities. the bank would suspend business. The capital stock is $100,000. The deposits are said to be about $220,000. with assets double the liabilities nt greatly depreciated values. It is believed that the bank will pay depositors in full. Citizens took measures to protect the other bank here to-day by calling is meeting of depositors.
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FINANCIAL CRASHES. Temporary Suspension of a Jamestown (N. D.) Bank. Special to the Globe. JAMESTOWN, N. D., July 10.-Lloyd's National bank temporarily suspended, The assets are largely in excess of the liabilities, and there IS no fear but the bank will pay dollar for dollar. Messrs. Lloyd expect to resume as soon as the bank examiner makes his report. DENVER, Col., July 0.-The Chamberlain Investment company made an assignment this afternoon to Lewis C. Ellsworth. This action was precipitated by the action of the Denver Savings bank. which attached the property last night for an indebtedness of $3,669.10. Liabilities, $1,112,188.30; assets, $2,940,691.45. The company is heavily involved in real estate in Texas and Puget Sound cities, which swamped it. Following the assignment of ChamberJain Investment company, came the appointment of a receiver for the Liabler Stove company. This action was taken on motion of A. W. and B. Chamberlain. Plaintiffs represented that they had indorsed notes for the defendant company to the amount of $250,000, and that the company was indebted to various parties to the amount of $300,000. PHILADELPHIA, July 10. -The failure of A. Y. Davidson. stock broker, trading as A. Y. Davidson & Co., was announced on the stock exchange this afternoon. Mr. Davidson was unable to make any statement as to the assets or liabilities. The failure is said to be due to the decline in St. Paul. CINCINNATI, July 10.-The Madisonville Planing Mill company, of Madisonville, O., made an assignment this morning. Assets and liabilities about $20,000. Stringency of the money market's the alleged cause of the failure. CLEVELAND, O., July 10.-Henry A. Dörner, president of the Kennard Hotel company, made an assignment this morning. The hotel has only been open under the present company for about six weeks. Inability of subscribers of stock to get money is given as the cause. Assets, $25,000; liabilities about the same. FALLS CITY, Neb. July 10.-The state bank at Schubert, a small town south of here, hasfailed. The bank exannuer investigated the books, and Saturday night G. V. Argaboright, the cashier, left the country, leaving a statement that he was$$1,000 short, and that he preferred to leave his family to going to the penitentiary. Argaboright is also treasurer of the American Bond company.
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The Examiner in Charge. Special to the Globe. JAMESTOWN, N. D., July 11.-G. G. Thorne, national bank examiner for Minnesota and Wisconsin districts, arrived today, and at once proceeded to inquire into the condition of Lloyd's national bank, which suspended payments yesterday. Considerable uneasiness was evinced yesterday lest depositors would not be paid, but today, as the smatter is considered, confidence is expressed in the integrity and ability of the Messrs. Lloyds to pay all. Besides the bank the Lloyds own or control the Jamestown electric light plant, the Gladstone hotel and the opera housethe finest in the state-besides being largely interested in real estate.
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e Faillites de Banques et autres depuis quelques jours -Edw. J. Binford de Denver,Col., a fait faillite. Passif 218,000 dollars. L. Banque of Lesueur, de Le sueur, Minn., a ferme 8°B portes. Passif 225,000 dollars. La Albuquerque National Bank d'Albuquerque, N. M, a suspendu ses paiements. L'American National Bank de Puibla, Col., a déposé son bilan. Fermée est la Puget Sound Na tional Bank de Everett, Wash. La National Bank of Ashland, Neb., a fait faillite, ainsi que la First National Bank de Winston, N. C. M. Ward banquier de Forestville N, Y. g'est suicidé et il parait que le déposants ne verront ja mais grand chose de leurs 100,000 dollars. La Northern National BaLk de Big Rapids, Mich, a fermé ses portes. La Lloyd's National Bank de Jamestown N. D. a suspendu ses paiements. La "Normania Society" de Min neapolis a fait faillite. Passif 75,000 dollars. John L. Davie, banquier d'Auburn, Ill la Thorton Banking House de Shelleyville, Ill., et la Holt county of O'Neil, Nebraska ont fait faillite. Insolvables sont: L'Arkansas State Bank de Stuttgard. La Farmers et Traders Bank de De Wett, Ark. La Chamberlin Investement Co. de Denver, Col. A. Y. Davidson et Co. banquiers de Philadelphie, Pa. La State Bank de Shurbert Neb. La North Galveston Loan et Investement Association de Galveston Texas. La Kangas City Safe Deposit et Trust Co. de Kansas City, Mo., au capital de 300,000 dollare. Passif 1,700,000 doliars.
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Card of Thanks, ED. TRIBUNE: I would respectfully state through the columns of the TRIBUNE, that in behalf of the Fort Yates Base Ball nine, who played in your city on the Fourth, I sincerely and most cordially thank the Bismarck team, Manager Falconer, and the citizens of your city in general for courtesies extended. Respectfully yours, THOS. CULBERTSON, Captain. Fort Yates, July 9. Lloyd's Bank Suspends Payment. The first North Dakota bank to be affected by the financial crisis is Lloyd's National bank at Jamestown, and it suspended payment Monday morning. The assets are, it is said, $225,000 more than the liabilities, but an inability to realize ready cash on securities forced the suspension. 't is thought by Jamestown people that all depositors will be paid in full, as the Lloyds are known as shrewd and conservative business men. About $8,000 in county funds and $2,100 in city funds were deposited in the bank. Geo. Newton, son of Attorney Newton of this city, was an officer in the bank and had been for some years, and Mr. Newton had a deposit there. The failure has also affected the James River bank to some extent, but the citizens and depositors have wisely taken hold of the matter, and the interests of depositors will be carefully guarded. Ayer's Pills promptly remove the causes of sick and nervous headaches. These pills speedily correct irregularities of the stomach, liver, and bowels, and are the mildest and most reliable cathartic in use. No one should be without them. Annie Lowrie is in Fargo-not the Annie who was immortalized is songbut another Annie from New York, who came there after a divorce, got it, and is happy.
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John Syverson went to Valley City Monday morning on business. Dr. E. M. Johnson will make his next regular visit here July 18 to 20. Lloyd's National Bank of Jamestown, N. D., closed its doors and suspended business last Monday, July 10th.
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SUSPENDED. Jamestown, N. D., July fl.-This inorning Lloyd's National bank announced that owing to the financial stringency and inability to realize on its securities promptly the bank would have to suspend business. The capital stock is $100,000. The deposits are said to be about $220,000, with assets double the liabilities at greatly depreciated values.
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THE LLOYDS' BANK. Conditions Under Which It Will Be Allowed to Resume. Special to the Globe. WASHINGTON, July 22.-Lloyds' National bank. at Jamestown, N. D., will be allowed to resume business under conditions laid down by Comptroller Eckels today as follows: First, all moneys owed the bank by directors or officers must be paid or secured at once; second, enough money must be paid in to carry the bank ninety days and enable it to meet all demands from depositors who do not agree to continue their deposits for a time. This money must not be borrowed by the bank, but paid in by the sharehiolders-new capital, in other words. The probabilities are that the bank will resume with a change of management or not at all. In the latter case a receiver will shortly be named.
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BANK NOTES. Depositors ask for a Longer Time for Resumption of Business. Prospective Re-opening. General Good Conditon of State Banks. A Bit of Bank History in Connection With the Carrington Bank. Mr. Harry Lloyd of the state bank at LaMoure, furnishes the cheerful news that at a meeting of the principal stockholders of that bank Saturday, it was decided to protect the bank if it would reopen, and arrangements have SO far been made as to practically warrant the statement that the bank will be open again for business in about ten days. This action will be very gratifying to all in LaMoure county, and the home officers, who closed the doors simply to prevent a run and further complications, The people who have always done businees at the LaMoure bank have great faith and confidence in the management, and are willing and anxious to help in getting the institution again on its feet. It is understood that the general business of the bank has been conservative, and successfully conducted, and that there are parties-willing to go ahead as if nothing had occurred, and deposit their funds as heretofore. Concerning the Lloyde bank at Jamestown, the following dispatch, sent out from Washington to the northwestern papers is of interest: The Lloyds National bank at Jamestown, N.D., will be allowed to resume business under conditions laid down by Comptroller Eckele, as follows: First, all moneys owed the bank by directors or officers must be paid or secured at once; second, enough money must be paid in to carry the bank ninety days and enable it to meet all demands from depositors who do not agree to continue their deposits for a time. This money must not be borrowed by the bank, but paid in by the shareholders-new capital, in other words. The probabilities are that the bank will resume with a change of management or not at all. In the latter case a receiver will shortly be named. In reference to the above dispatch it is learned that it is not autbentic and is probably a garbled report of several messages, adjusted to suit the occasion. Mr. Thorne, the bank examiner, says that Comptroller Eckele has been in telegraphic communication with the bank on the subject of resuming business, but that the above dispatch is not authentic, and that nothing concerning the bank's affairs has yet been authoratively published by the comptroller.
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ALL OVER THE WORLD. Current Hap, ags of General Interest to the Re ding Public. SERIOUS AND SENSATIONAL SORTINGS. A Comprehensive Epitome of the Lastest News Culled from the Leading Dailies of the Country for the Past Week. At Terre Haute, It.d., the letter carriers removed by Postmaster Donham appealed through one of their number to the National Civil Service Commission, and received the following: "In reply to your telegram of July 5, stating that you had been removed from the postal service without cause, you are informed that the commission can take no action in the matter unless it is alleged with other proof, that the removal was for political reasons." At Salt Lake, Utah, it has been discovered by a prominent mining man that insurance companies have decided ithdraw from the mining camps West. Representatives of all ance companies in Utah were and admitted that nearly all banies are refusing to renew polimining property and in mining The decline in the value of properties on account of the silver ic is given as the cause. A Mr. Thompson, who lives at West Hurly, near Kingston, N. Y., recently got mad at his young wife, and proposed to sell her for forty-five cents to a friend of his named Lewis, Lewis took him up, paid him, and they took a drink of cider. Thompson informed his wife, and she assented and went home with Lewis, and now Thompson wants her back again and she refuses to live with him any more. Leon S. Smith, of Grand Rapids, was arrested recently at Port Huron, Mich., for passing nearly $4,000 worth of forged papers, the victims being the banks of Flint and Grand Rapids. When searched he had $8,100 in money on his person, and paper enough to make $500,000. His capture is due to the fact that he tarried too long here bidding his sweetheart good-by before starting for Europe. Jerry Sheenan, twelve years old, ragged and barefooted, with a thick mass of red hair covering his little round head, and his eyes looking in opposite directions, was found in a move-wagon recently in New York. He stared vacantly at the policeman who roused him and swore vigorously. He was turned cereif to the So lat idren ae Prevention of Cruelty to Justice Feltner. Fifty-four acres in Concert Valley, Golden Gate Park, San Francisco, have been formally dedicated to the Midwinter Fair by the Park Commissioners and negotiations for a site are thus definitely concluded. The British battleship Inflexible, twelve guns, has been ordered to proceed immediately to Alexandria, Egypt. It is rumored the hurried dispatch of the Inflexible is owing to disturbances in Alexrndria. At Taunton, Mass., It is reported by a near friend of the Bordens that prominent women in New York and Boston are raising funds to prosecute extensive enquiries into the Borden murder mystery. Lloyds National bank of Jamestown, N. D., has suspended. The capital stock is $100,000. The deposits are said to be about $220,000, with assets double the liabilities at greatly depreciated values. John Foley, of Philadelphia, while working at Fifty-fourth street and Girard avenue, fell down a man-hole and had his skull fractured. He was removed to the Presbyterian hospital and died there. The bank of Round Valley, Kan., was robed by three men who rode into the town and entering the bank, tied and gagged Cashier Wilson. and secured the money in sight, $600. They escaped. The corn crop in the valley of Mexico and through all the Southern states of the republic is the most abundant for years, and the price of grain has already taken a big decline. The running expenses of the Exposition ane non
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A RECEIVER IS APPOINTED John D. Benton of Fargo to Take Charge of Lloyds National Bank. Ninth Anniversary of Organization of Hook and Ladder Company. Farmers in Several Localities Having to Dodge the Debt Collector. The United States bank examiner, Mr. Gilbert G. Thorne, has received a telegram from the comptroller of the currency saying that he has appointed Mr. John D. Benton of Fargo, to be receiver of Lloyds' National bank, temporarily. This appointment will facilitate the adjustment of many things not within the power of an examiner, but Mr. Thorne has received instructions to remain here until further notice in order to assist in adjusting the affairs of the suspended bank. Mr. Benton will arrive in the city tomorrow morning. It is understood that at the request of the examiner, Mr. Wm. Lloyd today confessed judgment for the amount of his indebtedness to the bank, $26,344.42.
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Monday, Sept. 1. Charles Lock is wanted by Edward Kennedy of Eureka for selling mortgaged property. Theib Keiser, a farmer near Valley City, was arrested for assault and battery with intent to rape Mrs. John Keim, and fined $40. Another mineral water spring has been discovered near Edgely. North Dakota is certain to be a healthy resort. Barney Lovejoy, a child seven years of age, who lives in Grafton, broke his collar bone while playing with some other children. Wild ducks and geese are congregating on the Little Missoudi river one month earlier than in former years. It is looked upon by some as an indication of a hard winter. The committee of depositors appointed to examine into the condition of Lloyd's National bank, Jamestown, recommends that the bank resume business. Martin Hovde, son of Lars Hovde of Hillsboro, who was killed in a threshing machine accident some days ago, has become insane from grief and been taken to the asqlum. Six Mayville hobos went over to Portland the other night and robbed four Portland hobos who were reposing in a box car, securing a silver watch and $7.37 in cash. The miners at the Plenty mine in Mercer county have been discharged and the mines closed down for the season. The sinking of the first barge, S which was loaded. was too great a drawback to be overcome this year. By the decision of the United States circuit court at St. Paul, the receiver of e the Northern Pacific Elevator company will be required to distribute to farmers the wheat they have delivered to the company, upon return of the company's receipt.
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TELEGRAPHIC BREVITIES. I M. L. Buchonnel, Swiss minister of justice and police, is dead, after a long illness. President Cleveland has consented to aet as arbitrator in the boundary dispute between Brazil rnd Argentine. Deputy Comptroller Tucker has appointed J. D. Benton receiver of the Lloyd's National bank of Jamestown, N. D. Renert Malon, the well known French socialist author, is dead, aged 52 years. His death was caused by laryngical phythis. Ex-Judge Richard Ludlow Larrimore, a well known member of the New York bar and for more than 29 years a judge of the court of common pleas, is dead.
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Monday, Sept. 4. Charles Lock is wanted by Edward Kennedy of Eureka for selling mortgaged property. Theib Keiser, a farmer near Valley City, was arrested for assault and battery with intent to rape Mrs. John Keim, and fined $40. Another mineral water spring has been discovered near Edgely. North Dakota is certain to be a healthy resort. Barney Lovejoy, a child seven years of age, who lives in Grafton, broke his collar bone while playing with some other children. Wild ducks and geese are congregating on the Little Missoudi river one month earlier than in former years. It is looked upon by some as an indication of a hard winter. The committee of depositors appointed to examine into the condition of Lloyd's National bank, Jamestown, recommends that the bank resume busiuess. Martin Hovde, son of Lars Hovde of Hillsboro, who was killed in a threshing machine accident some days ago, has become insane from grief and been taken to the asqlum. Six Mayville hobos went over to Portland the other night and robbed four Portland hobos who were reposing in a box car, securing a silver watch and $7.37 in cash. The miners at the Plenty mine in Mercer county have been discharged and the mines closed down for the season. The sinking of the first barge, which was loaded, was too great a drawback to be overcome this year. By the decision of the United States circuit court at St. Paul, the receiver of the Northern Pacific Elevator company will be required to distribute to farmers the wheat they have delivered to the company, upon return of the company's receipt.
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AN INJUNCTION SERVED. Legal Proceedings to Prevent the Transfer of Certain City Property. The Flickertail State Hasa Day at the World's Exposition. The Program. A Cinch Club Organized with Thirty Members.-County Finances. An injunction was served Friday in the matter of an assignment of sheriff's certificate of sale by Lloyd's National bank to Kate E. Glaspell, involving certain city lots in Jamestown and other property. The injunction is issued from the office of Clerk Montgomery of the United States court, in an action entitled Jno. D. Benton, receiver, vs. S.L. Glaspell and Kate E. Glaspell, defendants, and was served by Depaty U. S. Marshal Hurst of Devils Lake. It is to restrain and prevent the transfer of any of said property pending a hearing of issues pertaining to it. Another matter of interest in connection with the bank affairs is the filing of the bond in the amount of $50,000 of F. B. Fancher, to whom W. M. Lloyd recently made a general assignment of property for the benefit of the bank's creditore; also the publication of the inventory of Mr. Lloyd's assets and liabilities. This inventory is given as follows:
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Small Returns for Securities. Special to the Globe. JAMESTOWN, N.D., Nov. 19.-Yesterday Receiver Johnson, of the Lloyds National bank, sold at auction to the highest bidder for cash chattel mortgage securities amounting to about $2,700, and $367 was realized, but from this amount must be deducted about $100, the costs of foreclosure. The securities sold consisted principally of decrepit bronchos, dehorned COWS and dilapidated farm machinery.
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DEPOSITORS IN THE DUMPS. Little Hope to Recover Much of Their Hard Earned Savings. Where the Money of the Lloyds Bank Went. Big Cash Transactions. a The Dawson Times Gives a Few Items Learned by Creditor. From the Dawson, N.D., Times: went down Monevening, the Times man ascertain the day Jamestown to try to around to condition of affairs in and and, actual defunct Lloyds National bank, the of our subscribers have doubtless deposits as many institution, and are with that know what their prospects the anxious are to sorry to have to say that truth, are, we we got to the source of the outlook nearer reassuring became the the less percentage of the deposits placed for a large paid. From evidence believe that ever being we were forced to misuse of before us, misappropriation or made, or a gross funds of the bank had been bank-80 allowed. the by the officers of the recently enfor the value of the acted much and much lauded 'State Banking Law.' While we are not in possession the of evi- the from any official source, believe details have seen leads us to stock dence Wm. we Lloyd held $55,000 of the he had that defunct bank. and that note for of the with said bank his the placed upon which he had received received $10,000, hard money; that he had more good on an overdraft and $12,000 into his $16,000 to have found its way for seems maw by other means, which, funny the hungry eake of brevity, we will call business- $38,000. concern, the Live Stock Co., the Another we understand means one kindly of (which and Dave Russell) have for Lloyds their note with the bank's assets, amount left and discounted paper to $10,000, ing to $27,000, as a cheering memory the creditors-838,000. not often heard some smart Aleck say Have you "Where do you bury Well, yoar dead-where's your graveyard?" have oneunderstand the Lloyde we owes the bank $2,440-an apparand it Dead Stock Investment company. James ently are also of the opinion that to the We held the bank's stock the Lloyd of $9,500 and had left with amount assets his valued note for $10,000. bank's naturally modest, it appears. -makes $85,000. James Tbirty-eight is thousand - $37,000-810,000 there was H. L. Lloyd, with Then to his credit to the amount H-lie $10,000. stock and his note for $9,900. modest-10 comparison. very comes the Electric Light Then 18 supposed to have been Lloyde) with its (which the pale of the assets, within $10,000; and Otto Gazelle, $10,000 or note for with his handle to a by the Guzzle, o. H. Holt, valued note; and at $10,000. Eighty-five thousand, bank officers $9,900, $10,000, $10,000, $10,- of foots up the modest sum 000 The capital stock was $100,000, and $124,900. were about $300,000 were the liabilities assets, in this kind of we at? stuff, about the $400,000. Where are it any wonder that the people feel of Jamestown, Is in fact of the state, sore over such banking? pretty did not meet United States in Dis- the We Attorney Camp, he not being the detrict and cannot say anything of rumors city, to be placed in the ugly perpendence connecting him with the case; but, that he we are of the opinion all insonally, will do what is right and fair to terests. Johnson, the newly appointed perMr. receiver, has, in our opinion, to promanent every precaution possible of the taken the interests of the creditors thordefunct tect bank, and seems to be a fully ough going, painstaking gentleman, to fill the position creditably, for his competent has the thanks of the Times and treatment. For a gentleman courteous from another state, presumably seemingly coming different laws. he has having on like an old timer, taking up caught work where left off by Examiner Thorne the and temporary receiver Benton, both great ease. We believe that entitled with and Col. Benton are creditore Thorne vote of thanks from the put to a the painstaking efforte they interests." have forth for in taking care of their In the above statements the reference an the state banking law 18 probably bank oversight, to as the Lloyde National national operating only under the connection was banking law, which has no whatever with the state bank act. is The reference to Dist. Atty. Camp also entirely without foundation, as it is well known to everyone here that be has
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Lloyds' Bank Report. JAMESTOWN, N. D., Jan. 13.-Hon. C. C. Johnson, receiver for Lloyds' National bank, has forwarded his report, upon receipt of which at Washington a dividend to the creditors will be paid. The first dividend will be about 10 per cent.
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Lloyds' Bank Report. 81 JAMESTOWN, N.D., Jan. 13.-Hon. C.C. Johnson. receiver for Lloyds' National bank, has forwarded his report, upon receipt of which at Washington a dividend to the creditors will be paid. The first dividend will be about 10 per cent.
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A DIVIDEND. DECLARED. Comptroller Announces 15 Per Cent Payment for Lloyd's Depositors. From Friday's Daily. Receiver Johnson learned today that Comptroller Eckles had declared a dividend for the depositors of the Lloyds bank, the amount of the same being 15 per cent. This money will be obtainable as soon as proper schedules can be made out and sent to Washington and the checks returned to this place for distribution. The receiver will at once begin work on the lists for this purpose and probably forward the same tomorrow night. It will then take about eight days before the money can be received here. This dividend will be quite welcome at this time in Jamestown and the amount is 8 little more than the depositors of the bank have been in hopes of receiving as their first payment. It is understood that the dividend has been declared from moneys collected from the assets of the bank, the sale of the bonds, at a handsome premium, held by the government to redeem the bank's currency circulation, and that none of the stockholders have been assessed for this purpose, as yet. The 4 per cent bonds held by the treasurer of the United States in the amount of $25,000, have been withdrawn and sold by the comptroller and at $1.12, the amount realized, brought $28,000. Of this sum $22,500 has been applied to redeem the circulation of the Lloyds National bank, leaving the sum of $5,500 to the credit of the depositore. Of this sum $3,000 was from premium on the bonds and interest, and $2,500 the difference between the face of the bonds and the amount of currency issued.
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STOCKHOLDERS CAUGHT. They Must Pony Up for Lloyd's National. JAMESTOWN, N.D., Feb. 24.-Comptroller Eckels has ordered an assessment of the shareholders of Lloyd's National bank in the amount of $100,000. Those holding stock at the time of the failure of the bank are assessed $100 each for each share of the stock of the institution. The assessment it to be ratably, and due on or before the 19th of March. The receiver is appointed to take all the necessary steps to enforce the collection to the extent of the individual liability of the shareholders.
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Will Proceed to Collect. Special to the Globe. JAMESTOWN, N. D., Feb. 26.-Under instructions from Comptroller Eckels, Receiver Johnson is calling on the stockholders in Lloyd's National bank for the full amount of their double liability.