2018481690986 201848169
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BUSINESS FAILURES. WATERTOWN, N. Y., February 18.-The Merchants' Bank has closed its doors. NEW YORK, February 18.-The suspension of McFarlane & Co., lard refiners, is temporary. Mr. McFarlane says he will pay dollar for dollar and have $100,000 left to continue business.
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Bank Crippled by Deals in Chicago. WATERTOWN, N. Y. Feb. 18.-The directors of the Merchants bank, this city, decided to go into voluntary liquidation. Since the failure of Kenyon & Co., Chicago, public confidence in the bank has been weakening, H. A. Kenyon being & director and depositor began withdrawing funds. Capital stock, $210,000; with deposits of about $700,000. Last week the assets were $1,100,000, but since the Kenyou failure there has been a large shrinkage. Kenyon is said to have drawn $50,000 and sent to Chicago. It is stated A. W. Eddy, another director, who assigned to-day, drew a much larger amount. Among the deposits is $100,000 of Jefferson county funds, and $25,000 of city and school funds. The officials of the bank state depositors will be paid in full. No statement from the bank has been made public yet.
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TWELVE PAGES. THE NEWS THIS MORNING. FOREIGN.-The London cable dispatch to THE TRIBUNE says that Lord Salisbury devised the scheme to investigate the working of the Irish Land The Conservatives admit that they were Act. utterly mistaken in supposing that the Government may be defeated on the cloture clause. The Metropolitan of Moscow has criticised the conduct of the Czar in remaining in seclusion. The Berlin papers are indignant at General Skobeleff's recent anti-German speech to the Servian = The English steamer Tiber has students. Precautions foundered off Puerto Plata. against Irish plots were taken in London lately when the Queen held a reception at Buckingham Palace. CONGRESS.-The Senate was not in session yesThe House passed the Immediate Deterday. ficiency bill, which appropriates $1,822,983, by a vote of 155 to 26. DOMESTIC.-The loss by the Haverhill (Mass.) fire was over $2,000,000; over 300 firms were burned out; three lives were lost. = Fires are reported from Chelsea, Mass., Pittsfield, Mass, and Milwaukee, Wis. Alexander Bancus, of Saratoga, has been nominated by the Democrats to succeed the late Senator Wagper. There was ice yachting on the Hudson yesterday = An anti-polygamy smeeting is to be held at Troy. The Merchants' Bank, Watertown, N. Y., has susThe resolution to censure Senator pended. Mahone has been indefinitely postponed in the VirThe widow of Bishop D.S. ginia Legislature. John H. Doggett died at Richmond, Va. Chamberlayne, of The Richmond, Va., State, is dead. CITY AND SUBURBAN.- reception was given by the Lotos Club last night to Sir Henry Parkes. = A suit was begun yesterday to restrain the increase of the capital stock of the New-Jersey Central Railway. The County Democracy denounced the action of Tammany at Albany. A fire caused The Russian a loss of $60,000 in Hague-st. Vice-Consul, Edward Stern, was caned by his fatherGold value of the legal-tender silver in-law. Stocks were dollar (41212 grains), 87.32 cents. generally dull, but feverish and irregular, and closed unsettled. THE WEATHER.-TRIBUNE local observations indicate clear or fair and milder weather, followed by increasing cloudiness and chances of light snow or rain late in the day. Temperature yesterday: Highest, 23° lowest. 14°; average, 1778°.
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Bank Crippled by Deals in Chicago. WATERTOWN, N. Y. Feb. 18.-The directors of the Merchants bank, this city, decided to go into voluntary liquidation. Since the failure of Kenyon & Co., Chicago, public confidence in the bank has been weakening, H. A. Kenyon being a director and depositor began withdrawing funds. Capital stock, $210,000; with deposits of about $700,000. Last week the assets were $1,100,000, but since the Kenyon failure there has been a large shrinkage. Kenyon is said to have drawn $50,000 and sent to Chicago. It is stated A. W. Eddy, another director, who assigned to day, drew a much larger amount. Among the deposits is $100,000 of Jefferson county funds, and $25,000 of city and school funds. The officials of the bank state depositors will be paid in full. No statement from the bank has been made public yet.
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Ruined by Speculation. The recent failure of the firm of H. O. Kenyon & Co., of Chicago, caused the suspension of the Merchants' bank of Watertown, N. Y.. in which Mr. Kenyon was a director. Its capital is $210,000 and its deposits $100,000, including city and county funds.
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Ruined by Speculation. The recent failure of the firm of H. O. Kenyon & Co., of Chicago, caused the suspension of the Merchants' bank of Watertown, N. Y., in which Mr. Kenyon was a director. Its capital is $210,000 and its deposits $100,000, including city and county funds.
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MISCELLANEOUS. The Merchants' bank at Watertown, N. Y., has gone into liquidation. Since the failure of Kenyon & Co., of Chicago public confidence in the banks has been weakening, H. A. Kenyon being a director, and depositors began withdrawing funds. The capital stock is $210,000, with deposits of about $700,000. Last week the assets were $1,100,000, but since Kenyon's failure there have been large shrinkages. Kenyon is said to have drawn $50,000 and sent to Chicago. It is stated that H. W. Eddy, another director, who assigned, drew a much larger amount. Among the deposits are $100,000 of Jefferson county funds, and $25,000 of city and school funds. Bradstreet reports the business embarrassments of last week as follows: There were 172 failures in the United States reported during the past week, an increase of 13 over the preceding week, and 17 more than during the corresponding week last year. The week has been an eventful one in the cotton and grain trades, the heavy decline in those staples precipitating nine failures in New Orleans and five in Chicago, and affecting a number of others in various cities. Speaker Patterson is a greater humorist than Speaker Keifer. The only chairmanships he allowed the Tammany faction, which called him out of bed at midnight to deliver the gavel into his hands, was that of the committee on grievances. This was a timely appointment for they now have the greatest grievances of anybody at Albany, they think, and they are howling dismally in concert. The First Congregational church of Minneapolis has extended a call to Rev. John L. Scudder, son of the distinguished Dr. Scudder, of Boston, to become their pastor. He graduated at Yale college in 1874, and at the Union Theological seminary of New York in 1877; since then he has had charge of the Congregational church at Shrewsbury, Mass. Commander Wm. H. C. Selby of the British man-of-war Falcon, while on a shooting excursion near Artakie, Asia Minor, was seriously wounded by an Albanian with an axe. Said Pasha has ordered the governor of Artakie to arrest the assailant. A Turkish and British man of war proceeded to Artakie. Commander Selby is in a critical condition. The following census returns of population were furnished by the Dominion minister of agriculture: Prince Edward Island, 108,891; Nova Scotia, 440,512; New Brunswick, 321,233; Quebec, 1,359,027; Ontario, 1,923,228; Manitoba, 65,954; British Columbia, 49,459. The territories, 56,446. City of Winnipeg, 7,985. The funeral of Dillon O'Brien took place at St. Paul Wednesday morning at 9 o'clock, from his residence, and at 10 o'clock services were held in the Cathedral. The following gentlemen acted as pall bearers: Hon. William Dawson, W. L. Kelley, Hon. P. H. Kelley, T. Reardon, Hon. M. Doran, J. Grace, W. Markoe, Esq., J. Kerwin. Gen. Grant, who recently felt called on to get out from Ead's alleged ship railway, which he had been boosting, now comes to the front again with a denial of his connection with a National Immigration company. The schemers persist in using Grant's name as a bait to catch gudgeons, much to the general's discomfort. A gentleman just arrived from the northern portion of Wyoming, states that the Indians are running off stock and otherwise creating trouble, although no one is known to have been killed. It seems probable that the depredations will result in a clash with the military, as the Indians are very obstinate. H. R. Enos of Oshkosh, dealer in paper and stationary, failed Tuesday, and executed a bill of sale to Bradner, Smith & Co., Chicago, and Hinman & Moody, Beloit, as preferred creditors. Liabilities unknown. The banks hold considerable paper for collection. James T. Metcalf of Lansing, Io., has received notice from Washington of his appointment as inspector in the postal service, money order division. His territory is Iowa, Minnesota and Dakota. He was ordered to report at St. Louis. The annual fair of the Minnesota State Agricultural society will be held August 31, and September 1, 2, 3, 4, 5, 6, 7, and 8, 1882, the gates being closed on the Sabbath. The location will be fixed March 12. It is really true that Christine Nilsson lost her ample fortune with that of her husband, who is in an insane hospital, and that she is coming to America to restore the shattered fortunes of the family. Mr. Trescott, the special minister to the South American governments, receives a salary of $10,000, with traveling expenses and an allowance of $1,500 for clerical services. Contributions toward the establishment of a Garfield professorship at Williams college have reached $42,000, and only $8,000 more is required. The stockholders of the Union Stock Yards and Transit company, Chicago, have decided to increase capital stock from $340,000 to $13,600,000. At Schenectady Charles Stanford was nominated by the republicans to fill the vacancy caused by the death of Senator Wagner. Minneapolis is to have a new military company called the veteran guards composed of soldiers who served in the war. Gen. E. W. Leavenworth of Syracuse has just given $10,000 to Hamilton college for the foundation of a scholarship. Capt. Saml. P. Ferris, Fourth infantry, died at Fort D. N. Russell, Wy. T., on the 14th instant.
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mountain, in the Allegheny range on the Tennessee border of Mitchell county, commenced shaking again yesterday, causing a great panic among the inhabitants of that section. A large part of the peak has sunk into the ground. Orlando H. Pottar, owner of the destroyed World building in New York, was summoned before the coroner on Thursday and gave bail to await the action of the grand jury. In the house on Thursday the bill to reduce the salaries of members of the cabinet was reported adversely. John Lanahan of Rock Rapids, Ia., was shot by his own daughter at the instigation of her mother. The motive assigned was that he refused consent to her marriage with one Birch who furnished the pistol with which the deed was done; and that he did not provide well for the family. The large fireworks factory of Prof. Jackson of Chester, Pa., was destroyed by an explosion on Friday, and 15 persons were killed outright, 50 received fatal injuries and multitudes were wounded in a less serious degree. The factory was the old homestead of Admiral Porter. A fire commenced in an outbuilding, and while the firemen were playing on the flames the explosion took place, hurling frag. ments in every direction, killing and wounding many of the gathered crowd, especially of the firemen. The citizens are stupefied with horror and there is mourning in every house. Hon. A. G. Thurman of Ohio, Judge Thos. M. Cooley, of Michigan, and Hon. E. B. Wash. burne of Illinois, the commissioners chosen by the recent convention of railroad managers to adjust the trunk line difficulties, and from whose decision there is no appeal, are now in New York learning the views of various commercial bodies, some of whom will hereafter submit testimony and arguments. George M. West of Sweet Home, Lavoca county, Texas, has just purchased 28,000 head of cattle and 140,000 acres of land from De Hunt, paying therefor $600,000. Ex-Lieut. Gov. Sam Purdy of San Francisco, has just died, aged 64. The supposed cause of the death is heart disease. Heavy fires are reported in several cities: Chelsea, Mass., $251,000 loss; Berlin Mass. Perkins' shoe manufactory, $45,000; New York manufacturing concerns on Hague street $50000. The water in Ohie river is very high, cellars on Front street are inundated. The Cincinnati chamber of commerce favors building a ship canal between Chesapeake and Delaware bays. Senators and representatives from New Jersey unite in a letter to the President requesting him to review the findings of the court in the Fitz John Porter case and asking that the latter be restored to the army. The Democratic convention at Schenectady, N. Y., nominated Alex. Baucus of Saratoga,for senator in place of Mr. Wagner. The Haverhill, Mass., fire burned over several acres; 2,000 families are out of employment and several homeless. The loss isestimated at #2,500,000. The Boston Journal says: The most dreadful feature of the calamity is the loss of life and awful uncertainty caused to many anxious hearts. It is feared that the bodies of a score or more prominent business men are buried in the ruihs. The city marshal states that three men are missing and the spread of the flames was 80 rapid they were unable to escape. Merchants' bank of Watertown, N.Y., goes into Equidation as one of the results of the Kenyon crash in Chicago, Kenyon being a director of the bank. Wm. C. Clark, of Chicago has laid himself open to more than criticism by his conduct in relation to the wioding up of the affairs of the wholesale paper house of Clark, Friend & Fox. Having got control of the "business" he sold out and pocketed the proceeds leaving creditors in the lurch by $200,000.
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Ruined by Speculation. The recent failure of the firm of H. O. Kenyon & Co., of Chicago, caused the suspension of the Merchants' bank of Watertown, N. Y.. in which Mr. Kenyon was a director. Its capital is $210,000 and its deposits $100,000, including city and county funds.
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Ruined by Speculation. The recent failure of the firm of H. O. Kenyon & Co., of Chicago, caused the suspension of the Merchants' bank of Watertown, N. Y., in which Mr. Kenyon was a director. Its capital is $210,000 and its deposits $100,000, including city and county funds.
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Ruined by Speculation. The recent failure of the firm of H. o Kenyon & Co., of Chicago, caused the suspension of the Merchants' bank of Watertown, N. Y.. in which Mr. Kenyon was a director. Its capital is $210,000 and its deposits $100,000, including city and county funds.
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The first Ivenamed are new associations. The Manufacturers' Bank of Amsterdam was converted from a National into a State bank. The Island City Bank of the City of New-York changed from a State bank to a Na. tional association under the title of "Garfield National Bank." The Merchants' Bank of Watertown failed February 18, 1882, and William H. Kimball was appolated its receiver OR February 21. He reports to the Superintendent that the sole cause of its failure was the reckless lending of money, without security, for specuative purposes. The Cataract Bank of Niagara Falls increased 118 capital from $30,000 to $100,000; the Nassau Bank of New-York reduced its capital from $1,000,000 to $500,000: and the Frushing and Queens County Bank reduced Its capital from $100,000 to $80,000. Following is a summary of the quarterly reports of all of the banks for the days nearest the close of the last two fiscal years: RESOURCES