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An Indiana Bank Suspends. BEDFORD, Ind., June 6.-The community was startled this morning when the Bedford bank failed to open its doors. President Winstanley explained that in consequence of recent heavy withdrawals of deposits, the bank was forced to suspend for a few days. It is one of the oldest and most reliable banks in the city.
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Bedford, Ind., Bank Suspends, BEDFORD, Ind., June 6.-This community was startled this morning when the Bedford bank failed to open its doors. President W. J. Stanley explained that in consequence of the recent heavy withdrawals of deposits the bank will be forced to suspend for a few days. It is one of the|oldest and most reliable banks in the city.
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Two Banks Suspended. BEATRICE, Neb., June 6.-The State Bank of Cortland, this county, closed this afternoon. It is a small institution. Liabilities $50,000, assets unknown. BEDFORD, Ind., June 6.-The Bedford bank failed to open its doors this morning. The run on Chicago banks caused the failure of promised assistance from that city.
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MADE A DEED OF TRUST. Holder of Bank Stock Thus Aids Frightened Depositors. NEW ALBANY, Ind., June 7.-The New Albany Banking Company suspended payment this morning, and closed its doors, The suspension was caused by a run on the Bedford Bank of Bedford, Ind., yesterday, which forced it to close. W. L. Breyfogle, one of the principal stockholders, executed a deed of trust for $300,000 worth of unencumbered real estate in Chicago for the benefit of the depositors of the two banks here. It 18 claimed the assets are $212,000, and the liabilities only $100,000. The depositors will be paid 100 cents on a dollar. Two Big Concerns in Trouble. MINNEAPOLIS, Minn., June 7.-Two of the best known elevator companies in the Northwest, the Northern Pacific and the Red River Valley, are financially embarrassed. The capital stock of the Northern Pacific elevator Company is $650,000, and of the Red River Valley Company $230,000. Both concerns are controlled largely by the same men. The trouble is attributed to the prevailing uncertainty and lack of confidence felt by the banks.
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New Albany Bank Suspends. NEW ALBANY, Ind. June 7.-The New Albany Banking company suspended payment this morning and closed its doors. The suspension was caused by the run made on the Bedford bank at Bedford, Indiana. yesterday, which forced it to close. It is claimed that the assets are $212,000. the liabilities 8100, 000, and that the depositors will be paid 100 cents on the dollar. A deed of as signment was today made to John H. Stotzenberg.
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Bank Closes at New Albany. NEW ALBANY, IND., June 7.-The New Albany Banking Co. suspended payment this morning and closed its doors. The suspension was caused by the run made on the Bedford Bank at Bedford, Ind., yesterday which forced it to close. It is claimed the assets are $212,000; its liabilities $100,000. A deed of assignmont was to-day made to John H. Stotzenberg.
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Banking Company Suspends. NEW ALBANY, IND., June 7.-The New Albany Banking Company suspended payment this morning and closed its doors. The suspension was caused by the run made on the Bedford Bank at Bedford, Ind., yesterday, which forced it to close. The principal stockholders in the two banks are identical. It is claimed the assets are $212,000 and liabilities $100,000, and that depositors will be paid one hundred cents on the dollar.
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A New Albany Bank Suspends. New Albany, Ind., June 7.-The New Albany Banking Company suspended payment this morning and closed its doors. The suspension was caused by the run made on the Bedford Bank, at Bedford, Ind., yesterday, which forced it to close. The principal stockholders in the two banks are identical. It is claimed that the assets are $217,000 and the liabilities $100,000, and that depositors will be paid 100 cents on the dollar.
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A Bedford Bank Suspends. Bedford, Ind., June 7.-The Bedford Bank suspended yesterday.
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Latest Bank Failures. SPOKANE. Wash., June 8.-As a result of the suspension of the Bank of Spokane three other banks in this city have closed their doors. They are the Washington National, the Washington Savings and the Citizens' National. Other banks which have just suspended payment are: First National bank, of Palouse, Wash.: the Bedford bank, Bedford, Ind.; New Albany Banking company, New Albany, Ind.; the State bank, Cortland, Neb.
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BUSINESS TROUBLES. / Joseph Rathbone & Co., lumber dealers of Chicago, assigned June 7. with liabilities of $2.0,000 and assets of $500.000. They had been usable to realize on commercial paper. The New Albany (Ind.) Banking Company has suspended as a reaul of the run on the Bedford, Ind. bank on June 6, both banks having the saino stockholders. Liabilities, $100,000; assets (caimed). $212,000. Depositors will probably be paid in full. W. L Greyfoll, one of the principal stockholders, having filed a deed of trust to the brake for $300,000. The officers of the New Albany bank are: I. S. Windstadley, president; C. J. Frederick, cashier: capital, $100,000; chartered in 1832
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Another Indiana Bank Suspends. NEW ALBANY, Ind., June 7.-The New Albany Banking company has suspended payment as a result of a run on the Bedford, Ind., bank yesterday, both having substantially the same stockholders. Claimed assets are $212,000; liabilities, $100,000. W. L. Greyfogle, one of the principal stockholders in the two banks, executed a deed of trust for $300,000 for the benefit of depositors in the two banks. It is claimed depositors will be paid in full.
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A HUNDRED CENTS ON THE DOLLAR. New Albany, Ind., June 7.-The New Albany Banking company suspended payment this morning and closed its doors. The suspension was caused by a run made on the Bedford bank at Bedford. Ind., yesterdny, which forced it to close. It is claimed the assets are $212,000; liabilities, $100,000; and that the depositors will be paid one hundred cents on the dollar.
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MORE BUSINESS TROUBLES. Nervous Depositors Start a Run-A Bank Shuts Down. CLEVELAND, Ohio, June 7.-A run Is in progress on the St. Clair street branch of the East End Savings Bank. It began yesterday afternoon, and was opened this morning with increased vigor. Many depositors were promptly paid. Offers from other city banks were received but refused by the officers, who said their bank was entirely solvent and able to care for itself. Depositors are confined almost exclusively to workingmen. No cause is assigned except uneasiness due to failures in other cities. NEW ALBANY, Ind., June 7. -The New Albany Banking Company suspended payment this morning, and closed its doors. The suspension was caused by a run made on the Bedford bank at Bedford, Ind., yesterday, which forced it to close. The principal stockholders in the two banks are identical. The assets are $212,000; liabilities, $100,000. Depositors will be paid in full.
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Bedford Failure Worse than Reported. Special to the Indianapolis Journal. BEDFORD, Ind., June 8.-The suspension of the Bedford Bank appears to have a more serious outlook than was at first announced. An assignment was made yesterday, and Robert Palmer was appointed assignee. The exact situation as to the amount involved cannot be ascertained. The assets are supposed to be large. Mr. Windstandley, president of the bank, is the owner of several hundred acres of land and other property. which will probably meet the extent of the liabilities. Mr. Winstandley went to Chicago yesterday, and it is impossible at the present to obtain a reliable report of the matter.
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Mexican Telegraphte Brevities Gov. Waite of Colorado 18 seriously 111. Failures yesterday were numerous. The hat includes many chan of business. The State bank of Cortland, Neb. closed. Deposits are about $18,000. 88 sets unknown. The direct liabilities of Erastus Wiman are $591,000; contingent habili tree, $315000 The Bedford, Ind., bank failed to open. The run on Chicago banks 18 the cause. The bank is solvent and no one will lose. The Free Trade club of Cieveland, Ohio, held a meeting and pretend to be pleased with the situation of affairs in this country. The direct liabilities of Thomas M. Barr & Co. coffee merchants, are $818. 680, contingent habilities $50,330; nominal assets, 8965,335 actual assets, $408,697 As a result of the suspension of the Bank of Spokane Falls, Wash. three banks in Spokane, Washington National, Washington Savings and National Bank of Spokane Falls, have closed. I: is be. lieved they are all solvent and will resame The Laclede and Third National banks of St. Louis, and the Bank of Commerce of Kansas City, Mo., have filed attachments aggregating $125,000 Whittaker & Son's packing house. Michael McGinne, junior part. ner. wants the partnership dissolved.
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Bedford Bank Suspends. BEDFORD, Ind., June 8.--The Bedford bank suspended yesterday.
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ample means available to meet all de mands from depositors. The bank's business is practically confined to the West Side MILWAUKEE, June 5.-Runs were started to day on the Second Ward bank and the South Side Savings bank, but neither of them assumed very seri ous proportions. The failure of F. T. Day, of the Plankington bank seems to have increased the nervous fears of small depositors. Business men are not in the least alarmed at the situation and predict that the flurry will end in a day or two, unless it is aggravated by more failures. WICHITA, Kansas, June 7 - -The Francis Whitaker Packing Company has failed; liabilities, $100,000. BEDFORD, Ind., June 7.-The Bedford bank of this city, and the Courtland (Neb.) State bank have closed. The former is quite a serious failure, but the liabilities of the latter are small. CHICAGO, June 1 The private banking house of Nishoff & Co. has suspended; also the Bank of Washburn, Wis., and the Shell Lake Savings bank of Wisconsin. CHATTANOOGA, Tenn., June 8.-0. B. Loveman, an extensive dealer in dry goods, has failed with liabilities of $140,000. WILMINGTON, Del., June Bellah & Co., wholesale dealers in iron and steel, have failed.
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Two Indiana Banks Suspend. NEW ALBANY, Ind., June 7.-The New Albany Banking Company has suspended payment as a result of a run on the Bedford, Ind.. bank yesterday, both having substantially the same stockholders. It is claimed the assets are $212,000 and the liabilities $100,000.
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Bank Creditors Hold n. Meeting. BEDFORD, Aug. 12.-Special-Creditors of the Bedford bank assembled at the court house yesterday afternoon. The meeting was called to order with Robert Parks in the chair and Edward Thornton secretary. Although some feverish discussion was had, but very little business was transacted. At a preceding meeting, on Saturday, July 28, a general report was submitted of the business transacted during the year passed. Another meeting is to be held on Saturday, Aug. 25. Yesterday resolutions were passed recommending that the Leatherwood and White river bottom farms be offered for sale immediately. There was also a discussion relative to the sand pit, but not resolution was passed. It seems there exists some misunderstanding in regard to the sand pit. Some claim that sand is being sold at $8 per car and that but $1 of the amount is being turned over to the receiver. This matter will probably come up again at the night meeting for a more definite decision.