285901107 28590
national
04137270703c3334Full suspension, Books examined
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BRIEFLY TOLD. Another case of typhus fever was discovered in New York yesterday. "The Massachusetts House passed the anti-free pass bill yesterday. The bill forbids members travelling dead head. The Lima, O., National Bank has suspended because of its president's speculations. The organ of the Manitoba government says an agreement has been reached at Ottawa between the Conservatives and Catholics which will permit the Catholies to maintain separate schools at the public expense.
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RUINED BY ITS PRESIDENT. The National Bank of Lima Closed by an Examiner. LIMA, O., March 1.-The Lima National Bank of this city was closed to-day by Examiner G. H. Ford on order of the controller of the currency. The trouble is brought about by the speculations of President B. C. Faurot, who, for the past four years, has been engaged in extensive railroad and land projects in Mexico which have resulted disastrously. He borrowed from the bank extensively, and although securing it by ample mortgages it created a distrust which brought on a run. The crisis has been impending for nearly a year, but was averted by heroic efforts on the part of the directors, who saw too late their error. The capital stock is $100,000 and the holders belong mostly to this city. It is believed that the depositors will receive their amounts in full. As the crash was expected it has caused little excitement and the other banks are uninjured.
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AN OHIO BANK FAILS. Examiner Ford Closes the Lima National Bank-Its Trouble, Caused by a SpecuInting President. LIMA, O., March 1.-The Lima national bank has been closed by Examiner C. H. Ford on the order of the comptroller of the currency. The trouble is brought about by the speculations of the president, B. C. Faurot, who for the past four years has been engaged in extensive railroad and land projects in Mexico, which have resulted disastrously. He borrowed from the bank extensively. and although securing it by ample meetings it created a distrust which brought on a run. The crisis has been impending for nearly a year, but was averted by heroic efforts on the part of the directors who saw too late their error. The capital stock is $100,000, and the holders belong mostly in this city. It is believed the depositors will receive their amounts in full. As the crash was expected it has caused little excitement and other banks are uninjured.
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A Bank Closed. LIMA, O,, March 1.-The Lima National Bank of this city was closed this morning by an examiner and order from the Comptroller of the Currency. The trouble was brought about by the speculations of President B. C. Fauret, who for the past four years has been engaged in extensive railroad and land projects in Mexico, which resulted disastrously. He borrowed from the bank entensively, and, although securing it by ample mortgage, it created distrust, which brought on a run. The cepital stock is $100,000, and the holders belong mostly in this city. It is believed that the depositors will receive their money in full.
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'SMHOLVASIG GASNHGNOO The bishop of St. Jacquien, France, is dead. The U. S. S. Yorktown, now at Callao, will be ordered to San Francisco. The inquiry into Edward M. Field's sanity is still in progress in New York. Fliteen Newfoundland seal-hunters perished in the late storm, and ten are missing. Tebb & Yelland, of Peterboro, Ont., are about to establish a boat-building yard at Victoria. The District of Columbia appropriation bill has been reported to the House and referred to committee of the whole. A negro suspected of being the brute who committed the outrage at Sedalia, Mo., last week, has been arrested at St. Louis. The final races for the world's skating championship, at Christiania, Norway, between Smart and Hagen, resulted in a victory for the latter. The Brisbane, Queensland, government will prohibit immigration temporarily because of am up Mou perfoldment 10 Jequinu eq1 city. Brain & Co.'s store, at Drain, Or., was burglarized Saturday night, the thieves obtaining $400. They failed in an attempt to blow open safe. 047 Young Raum testified in the pension office investigation at Washington City on Monday that he had not been allowed to defend himself against the charges. William H. Bradley, the venerable clerk of the United States court for the northern district of Illinois, died Tuesday afternoon, at Chicago, of apoplexy. A crazy shoemaker named Revell, living at Broadsworth, England, killed his four children on Sunday by cutting their throats. He then fatally wounded himself. Muir, a London shoemaker, who some time ago murderded a woman named Sullivan, who was living with him as his wife, was hanged on Tuesday in Newgate prison. Arabs have revolted in Tripoli because of the issuance of a firman by the sultan of Turkey making natives liable to conscription, from which they have been exempt. Jefferson Lodge, No. 12, I. O. G. T., of Port Townsend. celebrated its twenty-fifth anniversary on Monday. Delegations from Seattle and other cities were in attendance. As the Bering sea arbitration treaty has been signed, the English papers are pleased that the 10u PIP eseo the III court emerges touch upon the international equities. The first volume of Count von Moltke's war strepts 01 chicky JO si of military tactics. The volume contains 146 1864 JO JUM Datush eq1 01 Jelsting [etters] Twelvesuits now stand against the Wabash railroad, aggregating $104,000, growing out of the accident to the sleighing party at St. Louis in January, when eight persons were killed. The comptroller of the currency has appointed Isaac M. Smith, of McIntosh Falls, Vt., receiver of the First National bank of Deming and the First National bank of Silver City, both in New Mexico. General Murray will probably be appointed receiver for the savings department of the defunct California National bank, at San Diego, Cal. Ex-President Collins, of the bank, is still in custody. In the case of the Pacific Land Association vs. the city and county of San Francisco and 700 blooks 001 JOAO 01 one 01 other of Mission creek and Potrero lands, the defend"nom SIUB California's commissioner to the World's fair, Thomas L. Thompson, has allotted the space for the state's horticultural exhibit equally between the Northern and Southern California Citrus Fair Associations. The supreme lodge of the Knights of Rec procity met at Excelsior Springs, Mo., Tuesday and was somewhat of a fizzle. Only four delegates from the many lodges which the order claims in the country showed up. Thomas Douglass, ex-policeman and deputy inspector of customs, is in jail at San Francisco, exploine un "UUSIA searer statement THE persuge of the surveyor's office. Douglass was drunk, and Flynn's wounds may be fatal. The missing British steamer Sirius has been towed into San Diego, disabled. The Sirius has a cargo of coffee valued at $180,000 for San Francisco. On February 22 she lost her propeller and part of her shaft off Cedros island. An importer's case involving the constitution ality of the McKinley administrative customs act was argued before Judge Blodgett in the United States circuit court at Chicago Tuesday. out 10 JOANJ up peppep eSpnf 94L "$200 eq1 01 ON TIM asso ey: pus Chinese at Shanghai say that the accounts of the succes es of the government in the North were grossly magnified: that winter weather pus operations JO uo our ΡΠ΅Π΄ΠΈΠΎΠ»Π΅Π½Ρ that the rebels, who are 20,000 strong, are still secure in the mountains, ready to renew the rebellion when the weather becomes mild. The Lima National bank, of Lima, O., has 10 our sq posop used pesneo una " &q SHAL out by loss of public confidence owing to the desperate speculations of President B. C. Fauret, who borrowed heavily from the bank, though -uion 1080 TIM Deposition Signature poog SUJAIS 2011 The Molle Gibson mine. in Colorado, will disstore eq: SHOULD 000'978$ 10 spueptain email holders of record for March. It is estimated 01 IIIA spueplaip guy out 1841 000 up prud JOAD am ST SIND Resides *PIJOM our up enjur Auv sq quoum -0J 8 seq Ausdmos em esays 000.008$ 10 punj GAJOB It is said the Catholic church of Canada has Consentative em 4114 E ΠΎΡΠ²Ρ ment by which the church pledges itself to give the Conservatives the entire Catholic vote, on condition that Abbott, the present Dominion premier, shall retire in the near future and be B st OUM uyor 418 4q persons Roman Catholic Another part of the agreeII#49 our 1841 st justu REQUIRED up stoods The indictments against Milton Wright, genT pus Tellary eq1 10 quaSe 1840 M. B. Kehlor, of St. Louis, doing business under the name of Kehlor Bros., for violation of the interstate commerce act by cutting rates on
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An Ohio Bank Wrecked. LIMA, O., March 1.-The Lima National bank, of this city, was closed this morning by the examiner, on the order of the comptroller of currency. The trouble was brought about by speculation of the president, B. C. Fauret, who for the past four years has been engaged in extensive railroad and land projects in Mexico, which resulted disastrously. He borrowed from the bank extensively, and although securing it by ample mortgages, it created distrust which brought on a run. The capital stock is $100,000, and the holders belong mostly in this city. It is believed the depositors will receive their money in full.
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DISASTROUS SPECULATIONS. National Bank Closed by Order of the Comptroller of the Currency. LIMA, Ohio, March 1. - The Lima National Bank of this city was closed this morning by the Examiner on the order of the Comptroller of the Currency. The trouble was brought about by speculations of the President, C. B. Fauret, who for the past four years has been engaged in extensive railroad and land projectsin Mexico, but which have resulted disastronsly. He borrowed from the bank extensively, and although securing it by ample mortgages, it created distrust, which brought on a run. The capital stock was $100,000, and the holders belong mostly in this city, It is believed depositors will receive their money in full.
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Lima, 0., National Bank Closed. Lima, O., March 1.-The Lima National bank of this city was closed this morning by the bank examiner on the order of the comptroller of the currency. The trouble was brought about by the speculations of President B. C. Fauret, who for the past four years has been engaged in extensive railroad and land projects in Mexico, which resulted disastrously. He borrowed from the bank extensively and although securing it by ample mortgages it created a distrust which brought on a run. The capital stock is $100,000 and the holders belong mostly in this city. It is believed the depositors will receive their money in full.
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National Bank Failure. LIMA (0.), March 1.-The Lima National Bank of this city was closed this morning by the Examiner on the order of the Comptroller of the Currency. The trouble was brought about by speculations of the President, C. B. Fauret, who for the past four years has been engaged in extensive railroad and land projects in Mexico, but which have resulted disastrously. He borrowed from the bank extensively, and although securing it by ample mortgages, it created distrust, which brought on a run. The capital stock was $100,000, and the holders belong mostly in this city. It is believed depositors will receive their money in full.
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AN OHIO BANK FAILS. Examiner Ford Closes the Lima National Bank-Its Trouble, Caused by a Speculating President. LIMA, O., March 2.-The Lima national bank has been closed by Examiner C. H. Ford on the order of the comptroller of the currency. The trouble is brought about by the speculations of the president, B. C. Faurot, who for the past four years has been engaged in extensive railroad and land projects in Mexico, which have resulted disastrously. He borrowed from the bank extensively, and although securing it by ample meetings it created a distrust which brought on a run. The crisis has been impending for nearly a year, but was averted by heroic eforts on the part of the directors who saw too late their error. The capital stock is $100,000, and the holders belong mostly in this city. It is believed the depositors will receive their amounts in full. As the crash was expected it has caused little excitement and other banks are uninjured.
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RECEIVER APPOINTED.-The - controller of the currency has appointed Mr. Otho L. Hays of Galion receiver of the Lima National Bank, Lima, Ohio, insolvent. - 1
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THE Lima National bank has gone into the hands of a receiver-lacks $200,000 of enough to pay its debts. The depositors will receive virtually nothing. How pleasant it is to steal without fear of apprehension, from the hard working poor.-The Plow & Hammer, Tiffin, O.
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LIMA'S DEFUNCT BANK A Dividend of Fifty Per Cent Declared in Favor of Depositors. Lima, 0., May 20.-A dividend of 50 per cent. has been declared by the comptroller of the currency in favor of the depositors of the Lima National bank. Receiver O. L. Hays and assistants were kept busy today filling out checks, which will be forwarded to the comptroller for his signature, when the cash will be forthcoming. Receiver Hays is receiving many compliments for his expeditious handling of the tangled affairs of the defunct bank.
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On Its Legs Again. LIMA, O., Nov. 30.-The affairs of the Lima National bank which failed last March were wound up today and taken out of the hands of the receiver by the payment of a second and final div. idend of fifty per cent. The money to liquidate this bank's affairs was paid to the comptroller two weeks ago, but his checks were not received until todav.
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A Receiver Makes a Record. LIMA, O., Dec. 1.-The receiver of the Lima national bank is here from Galion to wind up the affairs of the bank, as the money to pay off all depositors has been paid in and the checks are ready to be distributed. The bank failed seven months ago, which makes one of the shortest receiverships on record.
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THE affairs of the Lima (0.) national bank. which failed last March, were wound up, on the 30th, and taken out of the hands of the receiver bv the payment of a second and final dividend of 50 per cent.
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GLANCE BACKWARD. Review of the Many Important Happenings of 1892. Heavy Business Failures, Startling Casualties and Horrible Crines-Industrial, Political and Sporting Events, Disastrous Fires of the Year, Etc. BUSINESS FAILURES. MORE DISASTROUS ONES NOTED-BANKS GENERALLY. Jan. 11-First national bank. of Muncie, Pa. Jan. 23-First national bank of Downs, Kan; $100,000. Jan 85-Bank of Jefferson at Shepherdstown, W. Va Jan. 29-Fall River county bank at Oelricks, S. D.; $30,000 Butler county bank at Chicora, Pa.; $60,000. Feb. 2-Commercial loan and savings bank at Kearney, Neb.: $150,000. Feb. 3-National bank of Silver City, and Feb. 4-Marcy, Geer & McCann's bank at Raton, N. M.; $800,000 First national bank of Deming, N. M. Feb. 6-Western Farm Mortgage Company at Denver; $1,000,000. Feb. 8 - Merchants' bank of Moorehead, Minn.: $175,000. Feb. 26-Newmarket (N. H.) savings bank suspended; $191.000. Mar 1-Lima (O.) national bank. Mar. 21-Painesville (O.) Savings and Loan Association bank. Mar. 24-American national bank of Birmingham, Ala. Apr. 15--Interstate national bank of New York. Apr. 27-Commercial bank of St. Paul, Minn.; $1,000,000. May 25-People's bank of Sea Isle City, N. J. June 4-Platte Valley bank at Central City, Neb. June 25-First national bank at Erie, Kan, Nesha county: losses, $30,000. Sep. 2--Nebraska State bank. at Crete. Sep. 23-Richmond (Me.) savings bank. Seu 21-People's bank at Hope, Ark Oct. 17-Two Nebraska state banks, one at Ainsworth, the other at Springview. Oct. 27-Hot Springs (Ark.) Valley bank (pri-, vate); $80,000. Nov. 5-Continental bankat Kansas City, Mo. Nov 30-Stone City bank, of Joliet, 111., and Jollet Enterprise Co. (barb wire manufacturers); $1,000,000. Dec. 6-Wholesale mercantile firm of Wilozinski & Nelson at Greenville, Miss.; $400,000. Dec. .11-Black Hills national bank at Rapid City, S. D. Dec. 13-Lipman & Co., jute merchants at Dundee, Scotland, failed for $1,250,000. Dec. 15-National bank of Newton, Kan. Dec. 18-Wholesale grocery in Brooklyn, N. Y.; $400,000.
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LANGAN WAS HIS RUIN. Cashier of a Suspended Ohio Bank Indicted at the Instance of Its President. Frank Langan, Secretary of the Minneapolis Rolling Mill Company, has been indicted by the grand jury for embezzlement on two counts at his former home at Lima, Ohio. Langan was cashier of the Lima National Bank, which suspended about a year and a half ago. Langan's indictment is said to be at the instance of B. C. Faurot, President of the bank, who claims that Langan conspired with others to bring about his ruin. Faurot is said to have been a millionaire previous to the bank fallure. Langan was also secretary of a concern known as the Mexican Investment Company, of which Faurot was president, and the latter has begun an action to recover $60,000 from Langan in this connection.