288701013 28870
national
8163a83fe01eea6dFull suspension
Other: Receivership was appointed (Comptroller appointed M. L. Bundy as receiver) and receiver issued receiver's certificates to depositors; bank effectively failed and could not pay deposits.
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Another Bank in Trouble. HOT SPRINGS, Ark., May 27. The Hot Springs National Bank closed its doors today, owing to a run on the bank, caused by the reported absence of the president, Andrew Bruon. The liabilities are $40,000. A run has commenced on the Arkansas National Bank of Hot Springs, which is understood to be in good condition. There is great excitement.
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Another Bank Closed. Hor SPRINGS, Ark., May 27.-The Hot Springs National Bank closed its doors, owing to a run on the bank, caused by the reported absence of the President, Andrew Bruon. The liabilities are $60,000. A run was commenced on the Arkansas National Bank, Hot Springs, which is understood to be in good condition. There is great excitement.
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A Rumor Causes a Run. HOT SPRINGS, Ark., May 27.-The Hot Springs National bank closed its doors to-day owing to a run on the bank caused by the reported absence of President Andrew Brown. The liabilities are $40,000. A run has also commenced on the Arkansas National bank, which is understood to be in good condition. There is great excitement.
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Runs on Banks. HOT SPRINGS, May 27.-The Hot Springs National bank closed its doors, owing to a run on the bank caused by the reported absence of President Andrew Bruon; liabilities, $40,000. A run has commenced on the Arkansas National bank, Hot Springs, which is understood to be in good condition. Great excitement prevails.
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Bank Failure at Hot Springs. LITTLE ROCK, Ark., May 28.-A Hot Springs special says the Hot Springs National bank closed its doors, owing to a run on the bank caused by the reported absence of President Andrew Brown with a balance to his debit of $40,000. The run commenced on the Arkansas National bank, of Hot Springs, which, it is understood, is in good condition. There is great excitement at Hot Springs.
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says that the Hot Springs National Bank closed its doors to-day owing to a run on the bank caused by the reported absence of President Andrew Bruton. Its liabilities are $40,000. A run has commenced on the Arkansas National Bank, Hot Springs. which is understood to be in good condition. There is great excitement at Hot Springs.
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TELEGRAPHIC BREVITIES. All accounts indicate that thus far the crop prospects are wonderfully good in Manitoba and the Northwest. The Kennebec Journal authoritatively denies that Senators Hale and Frye are opposed to Blaine's nomination. Gewitsch & Sons, an old leather firm of Vienna, has failed for 2,000,000 florins. Five other leather firms suspended in consequence of this failure. The African Methodist Episcopal General Convention at Baltimore Monday refused to strike from its discipline the admonition against the use of tobacco. The Hot Springs (Ark.) National Bank has closed its doors, owing to a run on the bank caused by the reported absence of President Andrew Brown. The liabilities are $40,000. It is reported that Representative James of New York has written to the President, recommending the appointment of Frank Sperry to the Chief Justiceship of Alaska. Sperry is Secretary Folger's private secretary. It is stated that several informal conferences have lately been held between the Democrats in the House and the Republicans in the Senate, by which an understanding may be reached to adjourn Congress about July 1st. Reports from a thousand correspondents of the National Press and Bottler's Advocate, of New York, from all parts of the United States in regard to the fruit crop, say the apple crop is the largest ever known. The prospect for a very large crop of small fruits is very good. The Boston Transcript says it is understood that the Union Pacific Railroad Company has agreed with the Government that no July dividend shall be paid, and that the Government, in consideration of that agreement, will not force the immediate payment of more funds, by the railroad company, into the Government treasury. The Secretary of the National Millers' Association is summarizing replies to 3,000 circulars of inquiries, sent to the milling fraternity and others. The reports show that the outlook of the wheat crop, as compared with the same time in 1883, is very promising, taken as a whole, with indications that the yield for 1884 will approximate that for 1882.
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Broken Banks and Brokers. The directors of the broken Penn Bank, at Pittsburg, yesterday discovered overdrafts to the total amount of $337,000, or $7000 in excess of the entire capital and surplus of the bank." Of the overdrafts $240,000 are on the account of "D. Wilson & Co.," a firm unknown in Pittsburg, but " supposed to represent the accounts of number of persons lately operating on the wrong side of the oil market." The individual schedules in the assignment of Frederick D. Grant and Jesse R. Grant were filed yesterday in New York. The schedule of F. D. Grant shows liabilities amounting to $2,315,066, and assets nominally $1,990,013, but of which the actual value is unknown. The schedule of Jesse R. Grant shows liabilities of $95,429, and assets of the nominal value of $131, 950. The liabilities of Strang's Bank, of Green Bay, Wisconsin, which suspended on Monday, are reported at $340,000, the assets at $350,000. " It is stated positively that not less than 75 per cent. will be paid on all claims." The concern is a State Bank. Inge & Mahone, extensive tobacco dealers of Petersburg, Virginia, have made a deed of trust for the benefit of their creditors. The junior member of the firm is the oldest son of Senator Mahone. F. A. Hawley & Co., bankers of Boston, who failed recently, will make a statement to their creditors to-day. It is understood they will report $25,000 of assets against more than $300,000 liabilities. The Hot Springs National Bank, of Hot Springs, Arkansas, failed Tuesday after a run caused by the reported absence of its President, Andrew Bruon. Its liabilities are only $40,000. The celebrated Lithla water from Farmville Springs. Virginia, in quantity to suit. -
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It Has Reached Hot Springs. LITTLE Rock, May 27.-The Democrat's Hot Springs special says: The Hot Springs National bank closed its doors owing to a run on the bank caused by the reported absence of President Andrew Bruon. Liabilities, $40,000. A run commenced on the Arkansas National bank at Hot Springs, which 18 understood to be in good condition. Great excl'ement at Hot Springs.
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Another Bank. LITTLE Rock, Ark., May 27 - The Democrat's Hot Springs special says the Hot Springs National bank has closed its doors owing to a run on the bank caused by the reported absence of the president, Andrew Bruon. Liabilities $40,000. A run commenced on the Arkansas National bank which is understood to be in good condition. Great excitement prevails at Hot Springs.
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TELEGRAPH HOT SPRINGS, Ark. May 27 The Hot doors Springs National absence to-day menced Liabilities owing on of the the $40,000. to Arkansas bank run ident A closed on Andrew National run the has its reported Brown com- bank at Hot Spaings, which is understood to be good condition. Great excitement. NEW YORK, May 27 Yesterday it was made to Greystone for the pose of verifying? report printed morning paper regarding the health few Mr Tilden: Mr. room in the utes himself came said that the of his failing health pure and utterly withthe health out foundation; been had than it any time during the past that he had merely moved Greystone for to few personally days some that he is on the place. He further that expected to return to Grammarcy Park to-morrow. ST. LOUIS May 27 When the case Preutice Teller, express robb court this called pronounced themselves indictment The to ready then read the prisoner, and he was asked plead. To the astonish ment of the court Teller without moment's hesitation. "Guilty, There Honor. your succeeding the judge, chair, his Van Wagoner, the dered him to five penalty of the law for grand larceny Individual NEW YORK, May Grant D. erick filed James Frederick The day the Grant to liabilities up $10,000 $243,966. par Grant Ward $1,140,800; assets minally worth $199,003; actual worth unknown. NEW YORK May 27 President Fish mean now General Grant being guilty of the in frauds knowledge intended contracts. Grant General that warrant were one having Fish D. says John War made by Grant's father tion of them Both entirely trusting by Ward. to false rumor NEW YORK. May and probably that Secretary other The Lincoln Secretary his to-day, department his The May Senate lands public to-day land cided report the bills forfeiting the uncompleted grants opposite main tions of the Northern Pacific branch and the Atlantic and Plumb cific the the Pacific forfeiture will The amount 36,000,000 Pacific and Atlantic that all The bill lands sold bona per Side West The NEW claims bank shortly the Nothing the defaulting Hi ckley, SAN May Harry and Martha Wells in the divorce perjury on from filing bonds the amount of $5,000. WASHINGTON, May 26. The Depart been State informed of ment having G the that Chinese in to silk loom enter exhibit the the question landing tives referred borers. and the the Secretary hinese State nn not will stay to than longer necessary country play exhibits. NEW YORK, May The bondsmen Ja Fish of aftern this the qualified of Cox. Ward Jas. $15,000: Herseh. David lawyer, $7,800. his took by friends. 26. Hoiman WASHINGTON, of the from the of to secretaries salaries private tors 27 Fred SAN May who dead the the Friday, died for At election were adopted convention of the that the stating meeting that and Field Stephen for has our been choice President NEW YORK, May of the if Grant sel learn they General what knew letter in be ferring that learned profits Fish 1882, had prior the Lincoln the that James, being he
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The Hot Springs National Bank, of Hot Springs, Arkansas, failed on Tuesday after a run caused by the reported absence of its President, Andrew Bruon. Its liabilities are $40,000.
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HOT SPRINGS. Hor SPRING. Abk., June 1.-[Special.] -The directors of the stranded Hot Springs N stional back make the statement that the liebilities of the institution aggre. gate $38,000 and the assets $57,000. They assure the public that depositors will be paid in full, al:hough it may require sev. eral months to effect a settlement. A meeting of 150 depositors was held last night and it was agreed to recommend the appointment of a receiver to take charge of the bank's affairs. Late developments implicate a prominent director in the unsavery transactions, and it is expected that when President Bruon rises to explain a commotion will follow.
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THE PENN BANK. The Disgraceful Story of Its Failure as Told by Its Late President Riddle-The Bank Robbed by the Directors in on Speeulation-Great Excitement Caused by the Statement, Which is Denied by Those Implicated-Run on a Washington Savings Bank. W ASHINGTON, June 2.-A run is in progress on the National Savings Bank, where the run occurred Saturday. Nine-tenths of the persons drawing are colored people. They have taken warning from recent events, and have fortified themselves. The officers of the National Savings Bank are paying promptly, and say they have no intention of taking advantage of the thirty day clause, as they are in a condition is profit from the forfeiture of the account interest upon the deposits withdraw Middleton's statement is expented to be ready to-morrow. The Comptroller of the Currency appointed M. L.Bundy, of Newcastle, Ind, receiver of the Hot Springs National Bank.
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THE CRISIS AT THE CAPITAL. WASHINGTON June 2.-[Press.]-A run is in progress on the National Sevings bank, where 11. slight run occurred Saturday. Nine-tenths of the persons drawing are colored neople. The banks here have taken warning from recent events. and have fortified themselves. Officers of the National Savings back are paying promptly, and say they have no intention of taking advantage of the thirty day clause, as they are in a condition to profit from the forfeiture of acer ei interests upon deposits withdrawn. Middleton's statement is. expected to be ready to-mor W. The comptroller of the currency has appointed M. L. Bandy. of New Castle, Indians, receiver of the Hot Springs National bank.
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THE SOUTH. KATIE MEDINGER, a handsome schoolgirl in Baltimore, after too close application to her books disappeared last week, and was being searched for by a large force of police and detectives. INGE & MAHONE, large tobacconists of Petersburg, Va., have made a deed of trust for the benefit of creditors. Liabilities and assets unknown. The junior member of the firm is the oldest son of Senator Mahone. THE skeleton remains of an unknown man were found on the shores of West Bay, near Galveston. At the inquest held nothing was found to establish his identity. His remains were evidently those of some poor unfortunate who lost his life at sea. THE Hot Springs (Ark) National Bank closed its doors recently, owing to a run on the bank, caused by the absence of President Andrew Bruon. Liabilities, $40,000. Bruon was reported to have deserted his
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SOUTHERN. Inge & Mahone, who carried on an extensive tobacco business at Petersburg, Va., have executed a deed of trust for the benefit of their creditors. The junior partner is a son of Senator Mahone. The absence of the President resulted in a run on the Hot Springs (Ark.) National Bank, which was compelled to close its doors. A run was also begun on the Arkansas National Bank, amid great excitement. In a quarrel about a horse-trade near Dublin, Ga,, Stephen L. Padgett shot his brother Joe dead. Miss Medginer, the daughter of the Baltimore merchant, who had been missing for three days, was found near Phoenix Station, Md. Her mind had become unsettled by over-study, and it is feared that she will not recover her reason. Several inebriated men at Sharpsburg, Ky., amused themselves by shooting at lighted lamps in a grocery store. One of the lamps exploded and set fire to the building. The flames spread rapidly, and nearly all the principal business places of the town were destroyed. The total loss is placed at $40,000. The Belmont coal mines in Alabama, in which U. S. Grant, Jr,, is a principal stockholder, have closed down because of the Grant & Ward failure. In a shooting affray near Granby, Mo., resulting from an old grudge, John G. Koontze, ex-Postmaster, and Nathan Tabor, a merchant, were killed, and George Hudson, a desperado, seriously wounded. Hooper's building at Baltimore collapsed from the weight of cotton iteontained, the fourth floor first giving way, and forcing the others down. Of a number of persons in.the structure six bodies have been recovered. Three persons were fatally injured, and two others are missing and supposed to be in the debris. The Protestant Episeopal Convention at Baltimore, after thirteen ballots, failed to elect a bishop, and decided to hold a special session for that purpose in October, until which time the convention adjourned.
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Washington the services were particularly interesting. SPIEGEL BROS.' gents furnishing store, Greensburg, Pa., was placed in the hands of the sheriff, on executions amounting to $20,000, on the 30th. SOLON HUMPHREYS and Thos. E. Tutt were appointed receivers of the Wabash, St. Louis & Pacific Railroad in Ohio on the 30th. TEEMER defeated Conley in the three-mile seulling-race at Pullman, III., on the 30th. A YOUNG married lady named McCoy had a narrow escape from premature burial at Richmond, Mo., on the 29th, reviving from a trance after her body had been prepared for buriai. THE bill to abolish the contract system of labor in the Massachusetts state prison was defeated on the 29th inst. A WELL in the Nineteenth Ward of Pittaburg tapped a strong vein of gas at & depth of 1,660 feet on the 29th. Pittsburg expects great things from it. FROST "on the night of the 28th was general throughout Wisconsin and tobacco, barley, corn, potatoes and garden" vegetables suffered severely. A PITTSBURG dispatch of the 28th inst. says 1,500 miners of the third pool have refused to accept a reduction. THE Red Cross relief steamer Josh V. Throop started on her last trip up the Ohio, on the 28th, distributing the remainder of the household effects and farm implements to flood sufferers. THE body of Nellie D. Cooley, the wealthy heiress of Wilkesbarre, Pa., who disappeared in December last, was found in the Susquehanna River, near Manticoke, Pa., on the 28th. THE Hot Springs Ark., National Bank closed its doors on the morning of the 27th, against a run. Liabilities $40,000. THE directors of the Penn Bank of Pittsburg struck indications of crookedness in the management of the affairs of the bank on the 27th. Oil dealers under a fictitious firm name had been allowed to over-check to the extent of $240,000. INGE & MAHONE, tobacconists, Petersburg, Va., made an assignment on the 27th inst. The junior member of the firm is the oldest son of Senator Mahone. THE Wisconsin Universalists' convention meets at Monroe, June €-9. THE first message over the Mackay-Bennett cable was received at Rockport, Mass., on the 27th. A STUPID humorist at Norwalk, Conn., on the 26th. printed a statement that a steady run was being made on one of the oldest banks in city-meaning a gravel bank. Before he could explain his alleged joke frightened depositors took $30,000 from the Norwalk Savings Bank. THE Penn Bank, of Pittsburg, again closed its doors on the 26th inst. Illness of its president was ascribed as the cause. STRONG'S BANK, of Green Bay, Wis., suspended on the 26th. THE spinners' strike at Fall River, Mass., was declared at an end on the 26th. ASSIGNMENTS at New York on the 26th: Rufus M. Brundier, china dealer, liabilities $37,000: Ried & Smith, merchants.
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NO MONEY FOR DEPOSITORS. Announcement of the Receiver of the Hot Springs National Bank. LITTLE ROCK, ARK., June 14.-Receiver Bundy, of the broken Hot Springs National Bank, announces to-day that there is no money to pay the depositors, and receiver's certificates are being issued. A statement of the bank's condition shows over $38,000 liabilities, with nominal assets of $86,000, of which $39,000 are thought worthless and with therefore, not pay the liabilities.
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HOT SPRINGS, ARK. The Affairs of the Hot Springs BankFlight of President Bruon-Died. Special to the Gazette. HOTSPRINGS, ARK., June 14.-Judge Bundy, receiver for the Hot Springs National bank, opened the doors of that institution and is issuing receiver's certificates to depositors and creditors. The bank cannot now pay anything on its liabilities. Its condition reveals a mass of rottenness, fraud and criminal management. Of the $86,000 of alleged assets the real value of the same will probably not go over $40,000, while the liabilities foot up $38,512 58. Andrew Bruon, president. who fled the state with a woman of questionable character, deserting his family, and who was arrested in St. Louis, is here under bond to appear at the next term of the United States court at Little Rock for trial upon the charge of fraud and embezzlement. It is believed by many that he will be sent to state prison for his various crooked transactions in connection with the bank. Dan. E. Howard of Chippewa Falls. Wis., a visitor of recent arrival, died near this city last evening.
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HOT SPRINGS, ARK. Preparing to Celebrate the FourthThe Logan Boom-A Defunct Bank. Special to the Gazette. HOT SPRINGS, ARK., June 17.-Extensive preparations are being made in this city to celebrate the glorious Fourth. The Hot Springs Guards joined by the Quapaw Guards of Little Rock and all the local societies, trades and branches of business will be represented in a grand street parade. Receiver's certificates of claims on the defunct Hot Springs National bank are selling in this city at twenty-five to fifty cents on the dollar. In the Republican ratification meeting last night Logan appeared to be a favorite. To him is ascribed the credit of originating and securing the paseage of the bill in congress making an appropriation for erecting the Army and Navy hospital in this city.
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GENERAL. / NEW YORK reported its first snow on the 25th. THE comptroller of the currency has declared dividends of 30 per cent. in favor of the creditors of the Hot Springs Ark., National Bank and the First National Bank of Monmouth, Ill. With this dividend the creditors of the latter bank will have received 70 per cent. of their claims. S. KOPELOWICH BRO. & Co., jewelers, Syracuse, N. Y. failed on the 24th. Liabilities between $50,000 and $100,000. THE banking house of H. D. Cooke & Co., Washington, D. C., closed its doors on the 23d. The liabilities are estimated at $170,000. It is believed the embarrassed firm will in time pay its indebtedness in full. THE United States supreme court has decided that privilege taxes on Pullman coaches can be collected only on cars run exclusively in a state and not on those running through a state. THE mills at Fall River, Mass., were shut down on the 20th, throwing 10, 000 people out of work. BROOKLYN, N. Y., was visited on the 19th by a $200,000 fire.
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Ready to Declare a Dividend. Special to the Gazette. HOT SPRINGS, ARK,, Oct. 24.-M. L. Bundy, receiver of the Hot Springs National bank, is ready to declare a dividend of 20 per cent. which will be ready for disbursement to creditors by November 10. This will make TO per cent. the bank has paid, and Mr. Bundy says it will pay up in full to-day.