176101215 17610
national
94403acc3e61e784Accommodated withdrawals, Borrowed from banks or large institutions, Fed/other loan, Full suspension, Books examined
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Run on a Michigan Bank. NILES, Mich., March 8.-A run on the First National Bank here was made to-day and after about $50,000 had been paid out the bank closed its doors. A rumor that the condition of the bank was not sound gained such headway among the working classes who had small deposits there that
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Bank Failure at Niles, Mich. A telegram was received by the controller of the currency this morning announcing the failure of the First National Bank at Niles, Mich. National Bank Examiner Joseph W. Selden has been appointed temporary receiver. The following is a statement of the con. dition of the bank at the close of business on February 5, 1901, as shown by its report to the controller: Capital stock, $100,000; surplus and undivided profits, $24,777; cirou= lation, $100,000; dividends unpaid, $885; in dividual deposits, $387,842; total liabilities, $613,504. Information received at the controller's office gives the cause of the failure as a run on the bank, followed by the cashier closing the doors and leaving.
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Bank Failure. Washington, D. C., March 9.-The comptroller of the currency was advised today of the failure of the First National bank at Niles, Mich. The examiner has appointed a temporary receiver.
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pointed Bank Examiner Selden temporary receiver of the First National bank at Niles, Mich., which failed yesterday.
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NATIONAL BANK FAILS. Washington, March 9,-A telegram was received by the controller of the currency today announcing the failure of the First National Bank at Niles, Mich. National Bank Examiner Joseph W. Selden has been appointed temporary receiver.
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RUN ON BANK. Doors Closed After $50,000 Had Been Paid Out. Niles, Mich., March 9.-A rumor or mysterious origin started a. run on the First National bank here yesterday and after about $50,000 had been paid out the officers of the institution closed the doors temporarily. promising to reopen next Monday and pay all depositors in full. Business men and local capitalists are confident that the bank is safe.
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Niles, Mich, Bank Fails. Washington, March 9.-A telegram was received by the controller of the currency this morning, announcing the failure of the First National bank at Niles, Mich. National Bank Examiner Joseph will be appointed temporary receiver.
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Michigan Bank Closed Its Doors. Niles, Mich., March 8.-A run on the First National Bank here was made today, and after about $50,000 had been paid out the bank closed its doors. The bank officials promise to reopen next Monday - pay all depositors in fulls
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BRIEF TELEGRAMS. Neunkirchen, Rhenish Prussia, March 9. -Baron von Stumm Halberg, Conservative member of the reichstag, is dead. Sofia, March 9.-The Macedoniar committee has summoned an extraordinary congress for March 31 to consider the\complications in Macedonia. Great excitement prevails in Macedonian circles and the expectation is that there will be lively developments in Macedonia. Washington, March 9.-In addition to ex-Senator Carter, whose appointment on the St. Louis exposition commission has been announced, the president has selected for members of the commission ex-Senators J. M. Thurston of Nebraska. William Lindsay of Kentucky and George W. McBride of Oregon. Vancouver, B. C., March 9.-Andrew Carnegie has agreed to give $50,000 for a public library building for Vancouver, the only condition being that the city furnish a suitable site and agree to contribute $5.00 000 annually for the maintenance of the library. Phoenix, Ariz., March 9.-A destructive cloudburst visited Maricopa county, south of Tempe, this morning, carrying away five miles of the track of the Maricopa and Phoenix road. A large force of men was put to work to repair the track, but it will be a week before the train connections are made. Niles, Mich., March 9.-A rumor of mysterious origin started a run on the First National bank here yesterday and after about $50,000 had been paid out the officers of the institution closed the doors and announced that the bank would reopen next Monday and pay all-depositors in full. Sheboygan, Wis., March 9.-Andrew Carnegie has agreed to give Sheboygan $25,000 for a public library conditional upon the city buying a site and appropriating $2,500 annually for support of the library. New York, March 9.-The police raided a gambling room at 1 o'clock this morning in an apartment house at 116 West Forty-second street. Six prisoners were taken. The proprietor of the place, Geo. Brotherson, escaped. A large amount of gamblers' paraphernalia was seized. London, March 9.-The Tien Tsin correspondent of the Standard insists that pamphlets are widely and secretly circulated villifying foreigners and inciting the Boxers to make renewed efforts. Constantinople, March 9-The Sultan has appointed a committee of ministers to devise measures to counteract the additions to the party of young Turkey, whose members are again active. London. March 9.-The Morning Post and the Daily Express publish dispatches from Copenhagen declaring that the negotiations *between Denmark and the United States for the purchase by the latter of the Danish West Indies have been definitely broken off. Boston, March 9.-Rev. Mark Trafton, an eminent Methodist minister and formerly a member of congress from Massachusetts, died today, aged SO years. Davenport, Ia., March 9.-Andrew Carnegie offers to Davenport $75,000 for a free public library provided the city furnish $1,500 annually for its maintenance. The council will agree to the condition. Halifax, N. S., March 9.-The steamer Numadi, with the Strathcona horse on board, arrived in port today from Liverpool. The steamer anchore1 in stream to pay off the men. The soldiers will proceed to Ottawa at once. Providence, R: I.. March 9.-Edward W. Tinker, formerly champion wing shot of the world and a well known hotel keeper of Providence, died here today. Springfield, Ill., March 9.-Andrew Carnegie will give $75,000 to the city of Springfield for a free public library. The city has voted $10,000 a year for maintenance. Washington, March 9.-Mr. Payson, representing Morgan Bros. of Seattle today signed at the navy department the contract for the construction by the firm of the battleship Nebraska. London, March 9.-Consuelo Yznaga, Dowager Duchess of Manchester, and Sir John and Lady Lister Kaye will sail for New York today. St. Petersburg, March 9.-The health of Count Tolstoi, the novelist and social reformer here, is occasioning unusual anxiety. He has grown thin and complains of pains in the kidneys and of liver troubles.
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WEEKLY BANK STATEMENT. WASHINGTON, March 9.-A telegram was received by the controller of the currency this morning announcing the failure of the First National Bank at Niles, Mich. National Bank Examiner Jos. W. Selden has been appointed temporary receiver.
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Run on a Bank. Arkansas City, Kan., March 11.-The re. port of the failure of the First National bank of Niles, Mich., caused much excitement here today, for C. A. Johnson, the missing cashier of Niles, is president of the Farmers' National bank of this place. The fact became known Sunday morning and when the bank opened this morning there was quite a run on the institution. Cashier A. H. Denton Hane provided over $100,000 in currency and met the excited depositors coolly. The de. posits at the time of the bank's last statement were $292,405, with $107,000 cash on hand.
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MINOR MICHIGAN MATTERS. The grand jury cases will be taker T April dn Mendon was visited by a $1,300 fire on the 4th. Every cell in the Oakland county jail at Pontiac is filled. The Rapid Railway Co. has removed its general offices from Detroit to New Baltimore. It is getting about time for some to start the report that the peach buds have been killed. J. W. Martin, the Detroit telephone promoter, has been granted a franchise for a plant in Jackson. Grand Rapids suffered a loss by on the night of the 5th that destroyed $20,000 worth of property. The G. R. & I. has inaugurated new fast freight line between Mackinaw City and Richmond, Ind. Wolves are very numerous in Luce county this winter, and hunters killing large numbers of them. Grand Haven's fine highschool building was destroyed by fire on the night of the 5th, entailing a loss.of $70,000. Philip Helma, of Imlay City, recently sold a porker which weighed pounds, for which he received $32.20. Harry Houghton, of St. Joseph, was awarded $90 damages against Deputy Game Warden Palmer for false imprisonment. Hamilton business men and the farmers of the vicinity have organized a stock company for the establishment of a creamery in the village. Hall & Dunville's lumber camp, Menominee was quarantined one day recently, because of smallpox. Other lumber camps are also under quarantine. The hearts of Watervliet folks have been gladdened by the announcement that the big paper mill, the industrial mainstay of the village, is to resume operation soon. Rumors are again in circulation in Calhoun county that renewed efforts will be made by Battle Creek to secure the removal of the county seat thence from Marshall The Central Normal school at Mt. Pleasant will re-open March 18 and the city schools a week earlier. The health officers believe the smallpox will be all out of the city in that time. At the Prohibition state convention, held at Kalamazoo on the 5th, a resolution was introduced indorsing the work of Mrs. Carrie Nation in smashing saloons in Kansas, but it was almost unanimously voted down. A rain and sleet storm, extending over the southern portion of the state on the 10th. caused much damage to telephone and electric street railway property. The loss is estimated at $25,000, Detroit's share being $15,000. Five cases of smallpox developed Saginaw on the 8th, and many others are suspected. The talk of closing the public school grows. An assistant health officer has been appointed, the cases now require the attention of two physicians. There are at present 207 rural free mail delivery routes in Michigan and 415 applications for routes pending. By June 30 next, when the current propriation expires, there probably will be 4,300 routes in operation in the whole of the U. S. An unexpected run on the First National bank at Niles on the 8th caused *hat instituion to close its doors. It one of the best paying banking institutions in Berrien county, and will reopen very shortly. Had the run been foreseen ample cash would have been on hand to meet all demands. An explosion which jarred the whole village of Plymouth and awoke farmers
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Run on Niles Bank. Niles, Mich., March 9.-Sensational rumors resulted in a run on the First National bank, one of the most prosperous banking institutions in Berrien county, and the only bank in Niles. The run was unexpected, and after about $50,000 had been paid out the blank closed its doors. Local business men and capitalists are confident that the bank is solid. Those who took part in the run on the bank were small depositors. The bank's capital is $100,000.
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Niles Cashier Leaves Town. Niles, Mich., March 10.-Great excitement prevails here over the disappearance of C. A. Johnson, cashier of the First National bank, which closed its doors yesterday after a short run. None of the officials of the bank seem to know where Johnson is, but president W. K. Lacey insists Johnson is in Chicago suffering from complete mental collapse. It is alleged that Johnson gambled. Directors of the bank assert the concern's affairs are in a prosperous condition as far as they know. The city and county have deposits in the bank amounting to $30,00. None of the business men of the city withdrew their deposits during the run.
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BANK IS ALL RIGHT. Cashier Goes Insane Over the Strain of the Run, but Is Honest. Niles, Mich., March 12. - W. W. Stevens, the son-in-law of Bank President W. K. Lacy, who is a director and one of the heaviest stockholders in the suspended First National bank, says that Charles A. Johnson, the missing cashier of the First National bank here, is in Chicago. in the care of one of his brothers, and that he is deranged. Johnson went to Chicag) directly after the bank closed to secure funds, but broke down under the strain. On Friday, just as the bank closed, $125,000 arrived from Chicago and was delivered at the bank by the American Express company. The directors of the bank through Stevens declare that the bank's affairs are in perfect condition. They say that when Johnson left for Chicago he took with him securities on which to raise sufficient money to resume business. These securities are safe. Evidence is coming to light which points to a scheme of enemies to close the First National.
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Charged with Forgery. Niles, Mich., March 14.-The directors of the suspended First national bank have filed a declaration against Charles A. Johnson, the missing cashier of the bank, alleging that forgeries amounting to $100,000 against leading citizens of this coun ty have been committed by him.
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Charged with Forgery. Niles, Mich., March 14.-The directors of the suspended First national bank have filed a declaration against Charles A. Johnson, the missing cashier of the bank, alleging that forgeries amounting to $100,000 against leading citizens of this coun ty have been committed by him.
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Charged with Forgery. Niles, Mich., March 14.-The directors of the suspended First national bank have filed a declaration against Charles A. Johnson, the missing cashier of the bank, alleging that forgeries amounting to $100,000 against leading citizens of this county have been committed by him.
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Forgery by Johnson. Niles, Mich., March 16.-The directors of the suspended First National bank have filed a declaration against Charles A. Johnson, the missing cashier, alleging forgeries aggregating over $100,000.
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Charged with Forgery. Niles, Mich., March 14.-The directors of the suspended First national bank have filed a declaration against Charles A. Johnson, the missing cashier of the bank, alleging that forgeries amounting to $100,000 against leading citizens of this county have been committed by him.
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Cashier Stopped a Run. C. A. Johnson, missing cashier of the First national bank at Niles, Mich., is president of the Farmers' bank at Arkansas City, and the closing of the Niles bank started a run on the latter institution, but Cashier Denton had provided $100,000 and met the excited depositors coolly.
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AFTERNOON NEWS CONDENSED Nagasaki-The Japanese steamer Tsuruhiko has been wrecked off Mejima Only one person of those on board was saved. Cape Town-Owing to the restrictions of martial law, the pro-Boer South African news publication. has been obliged to suspend Des Moines, Iowa-Congressman Hull of the committee on military affairs, ill at his home in this city, threatened with bowels. an attack of inflammation of the New York-James Ross, the wealthy Ca. nadian who was reported at Halifax be negotiating for a challenge of the America's cup personally denies that there is any truth in the story, SO far as he is concerned. Stockholm-The postal statistics for the year 1900 show that since international money orders were inaugurated in 1885. the United States sent to Sweden 51,124,000 kroner more than was received in the United States from Sweden. London-A new advance in wireless telegraphy is recorded here. The Daily Telegraph says that Marconi has succeeded in transmitting messages through the air for nearly 350 miles. which is far greater than the maximum distance hitherto reported. Chariton. Iowa-Joseph Buchanan, aged hermit, was found dead in his an cabin near this place, his head having been split open with an ax. He was reputed to have had much wealth stored about his cabin and his murder is supposed to have had robbery as its motive. Vienna-The situation in Albia is evi. dently going from bad to worse. The shadow of authority still retained by the sultan continues to be defied The Turkish troops have not been paid for many months and periodically plunder the villages, seizing all the food and money they can lay their hands on. St. Louis-The thirteenth annual convention of the Order of Railway Telegraphers met here, with President M. M Dolphin in the chair. Over 100 delegates were present, every division of the order being represented. The convention will continue several days, and its sessions will be held behind closed doors. Antwerp-King Leopold has decided to visit New York. He announced this at an interview granted to the burgomaster Saturday His majesty expects, among other advantages, to get in the up United States, making suggestions shipping arrangements, which will prove beneficial to the ports of Belgium. Clifton, Ariz.-An explosion of a boiler in the plant of the Detroit Copper company instantly killed W. W. Morgan and F. A. Adams, firemen. Harry Davidson, converter engineer, and Jose Antiveras, helper on the engine, and several others, were painfully injured by molten metal. but the injuries are not necessar. fatal. ily Mansfield, Ohio-Charles W. Fritz. auditor of Richland county has placed on the tax duplicate against W. S. Kerr and M. M. Parker, as executors of the estate of the late Senator John Sherman, $263,928 back taxes. The amount is said to cover bonds on which no return was made. Treasurer Brumfield will likely bring suit to collect the amount. Grand Rapids, Mich.-William K. Lacey, former president of the First National Bank of Niles, Mich., which was wrecked by the embezzlements of Cashier Johnson, who was indicted by the federal grand jury last week for violation of the national banking law, was released under $10,000 bail. Mr. Lacey had been under arrest since Saturday. Pekin-Pourparlers are proceeding between M Lessas, the Russian minister, and the Chinese envoys for the restitution to the Chinese of the Shan-HaiSinmin Ting railway under conditions which it is expected will be entirely satisfactory. The Chinese hope the railroad will be restored to them within the next fortnight Pinconning. Mich.-The Farmers' bank of this village was attacked by a party of five burglars. The outside door was blown off. and the explosion was SO great that it hurled the door through the front of the building. The explosion aroused the village and the burglars were frightened away before they could secure the steel money box,which contained between $3,000 and $5,000. Chicago-Through his attorney, Robert E. Burke, under indictment for failure to turn over certain funds as city oll inspector, applied for a writ of habeas corpus. The petition avers that the ordinance making the city oil inspector's office a salaried one is Invalid and there is no state law exactly covering Burke's case. Judge Dunn will hear arguments Vednesday. Baltimore-The tenth annual convention of the Master Horseshoers National Protective association began here and will last a week. There are 135 delegates, representing almost every state in the union. This morning's session was devoted to adresses of welcome by Mayor Hayes and local members of the association and responses by the officers. New York-II Novientemo, an Italian newspaper published in Paterson, N. J., makes the statement that scores of Italians have been discharged from the industries of that city because of their nationality since the assassination of the president The paper strongly protests and declares there was nothing in common between the Italians and McKiniey S slayer. Chicago-Mathias Thorsson and his son, Thomas were asphyxiated here. The elder Thorsson was afflicted with partial paralysis. As was his custom, he arose at 3 a. m. to prepare his breakfast. leaving his son asleep in a room adjoining. He turned on the gas, it is thought, but before he could light it was stricken by his malady. Bluffton. Ohio-Burgiars blew open the safe in the office of the Bluffton Milling company here with a large charge of dynamite. The building caught fire and the entire plant was destroyed, causing a loss of $25,000. It is stated the burglars secured nothing, as the safe was empty They fired two shots at Watchman Green, who attempted to turn in an alarm, and made their escape. Auburn, N. -"Absolutely nothing new with Czolgosz" was Warden Mead's reply to a query of an Associated Press representative. "The condemned assassin has not asked for any spiritual adviser whatever. The death warrant has not been read to him as yet. He has not given the least intimation that he would like to make away with himself, contrary reports notwithstanding. Of course, he will not be given the slightest opportunity for this purpose.' Chicago-The mysterious prisoner at Townhall station, accused of many burglaries, and whose name was given as Gibson, is, according to the Tribune, Edward Storey. He was a student he said, at the University of Notre Dame, and one of the athletic stars of the college two years age At that time his family lived in Hyde Park. and the young student was well supplied with money. Storey admits, It is said, that his mother now
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An explosion in a mine at Tunnelton, W. Va., injured thirteen miners, five probably fatally. The accident was caused by a miner loading a hole with too much powder. causing the dust from the electric machines to ignite and explode. Jewels valued at $7,000, the property of Mrs. Graeme Harrison of London, were missing for five hours at New York. and after the police had instituted a vigorous search were returned to their owner. The police refuse to give any information. At Philadelphia, Emma Ahn and Anna Derr were arrested on a charge of setting fire to the Magdalen home, on Twenty-first street, above Race street. Both girls admitted that they had planned the act and that they had stared to fire in five different rooms. A. B. Stickney, president of the Chicago Great Western road, made an address before the American Banking association advocating a radical revision of the banking system and the establishment of a central bank. His views were commended by Secretary Gage. William K. Lacey, ex-president of the First National bank of Niles, Mich., which was wrecked by the em bezzlements of Cashier Johnson, who was indicted by federal grand jury for violation of the national banking law, was released at Grand Rapids under $10,000 bail. William Bishop, a Chicago lawyer who lived in Waukegan, was found near Rochester, N. Y., with his throat cut. How he came to his death is a mystery, but it is believed he was murdered. Fifty dollars in money and a quantity of jewelry were found in his pocket. H. C. Henderson, who has been in jail at Dallas, Tex., for a year and a half and who says that he assisted in the kidnapping of "Eddie" Cudahy of Omaha, was sentenced at Dallas to the penitentiary. A year ago he was convicted of swindling and now goes to serve a 13-years' sentence. The Citizens' Bank and Trust company of Franklin, Tenn., has closed its doors. No reason is assigned for the suspension and the status of its financial condition has not been given out. The last statement of the bank shows its liabilities to be over $30,000 and they were fully covered by resources. The Episcopal convention at San Francisco ended with the creation of new missionary dioceses and the reading of a pastoral letter from the bishops. It voted to appoint a joint commission of bishops and deputies to consider a change in the name of the denomination. The divorce canon was rejected. At Cleveland George W. Howe, a well-known business man and army officer and former secretary of the Cleveland National League baseball club, died of kidney disease, aged 69 years. He was a son of George Howe, inventor of the truss bridge, and a cousin of Elias Howe, inventor of the sewing machine. The most disastrous fire in point of property loss known at Bangor, Me., in many years, occurred when the frame building occupied by the Bangor beef company. agents for the Swift dressed beef company of Chicago, the C. M. Conant company and others were burned with a loss of $80,700 and insurance of $22,800. At Scranton, Pa., a crowd of streetcar strike sympathizers assembled at the lower end of the south side line and piled obstructions on the track. As cars came along they were greeted with a fusillade of stones. A pas senger. Mrs. Samuel Jones, and an Italian trackman employed by the company were cut by flying glass. Marquis Ito, accompanied by Consul Frijita and Senator Tsudutki, was the guest of the university of Chicago. He was escorted to the university campus by Prof. Edmund J. James, where he was met by President Harper, who conducted him about the grounds and through the various buildings. He was dined by President Harper. At Leadville, Ed. Dorrington. 16 years of age, was shot and killed instantly; Earl King, 18, was fatally wounded, and James Considine, 14, was shot through the back and hips by Jesse Sherman, who caught the boys paching on his rabbit preserves. Sherman asserts that the gun was accidentally discharged while he was running. The Wisconsin supreme court granted a new trial to Amos Loner-
BANK OPEN AUG. NILES. July 22-Reorganized without aid, the new First National Bank of Niles is expected to open by August paying 40 per cent to in the old bank upon opening. in addition to the 10 per cent already paid. Ernest Barber was elected president by the board of directors yesterday. A. Bonner, Buchanan manufacturer. elected Farquhar, formerly of Detroit, elected vice-president, cashier and manager of the bank.