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Bank Suspended, GRAND ISLAND, Neb. 4.-The Citizens' National bank closed its doors this morning. A notice posted up says the suspension is due to slow collections. The assets and liabilities are unknown. The bank has a capital of $60,000.
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Late in the Season. GRAND ISLAND, Dec. 4. -The Citizens' National bank closed its doors this morning. A notice posted says the suspension is due to slow collections. The assets and liabilities are unknown. The bank has a capital of $60,000. MINOT. N. D., Dec. 4. The Citizens bank has gone into voluntary liquidation.
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FAILURES. MINOT. N. D., Dec. 4-The Citizens' bank went into voluntary liquidation to. day. The bank is mainly owned by George H. Lewis of New York. No statement. PITTSBURG, Pa., Dec. 4.-Bovaird & Sefang, manufacturers of oil well supplies have gone into the hands of receivers. The concern was capitalized at $500,000, and has two manufactories and three warehouses. It will still operate and expects the receivership to last but a short period. GRAND ISLAND, Neb., Dec. 4-The citizens national bank, capitalized at $60,000, failed this morning, posting a notice that owing to slow collections it was unable to continue. It is the oldest institution of its kind in central Nebraska. PERRY, O. T., Dec. 4.-Green B. Raum, Jr., son of the ex-commissioner of pensions, failed this morning. He was in the grocery and hardware business, and had been catering to the Osage Indians. As Indians only receive their money quarterly, he probably found the load too heavy. The failure is said to be for a large amount.
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TELEGRAPHIC BREVITIES LONDON. Dec. 4.-Prof. John Tyndall died at 6:30 p. ID. at Haskemere, Surrey, where be resided. DFS MOINES, Iowa, Dec. 4.-The Tontine Investment company failed to-day. President Stone is missing and so are the funds. CHICAGO, Dec. 4.-The Erio to-day announced a further reduction of freight rates to New York. Other linea called a meeting and made the same rates. GRAND ISLAND, Neb., Dec. 4.-The Citizens' National bank closed doors this morning. The notice posted says the suspension is due to slow collections. ST. PAUL, Dec. 4.-Fire in the notion department of the Powers Dry Goods com pany caused a loss amounting to nearly $100,000, fully covered by insurance. DALLAS. Tex., Dec. 4.-At Eastland the boiler of 8 Texas & Pacific engine exploded to-day. killing Engineer Charles Elliott. Fireman Charles Beevers and Brakeman Frank Spencer. PITTSBURG, Dec. 4.-The Bovaird & Sey. faug manufacturing company, manufac. turers of oil well supplies. is in the hands of receivers. It was capitalized nt $500,000, employs 400 men, and will continue to operate. PORTLAND, Dec. 4.-On motion of the United States district attorney to-day Judve Bellinger orde ed that the indictment charging sixteen persons with conspirney to defraud the United States by smuggling opium be resubmitted to the grand jury for further investigation.
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Two Firms Fall. GRAND ISLAND, Neb., Dec. 5.-As a consequence of the failure of the CitIzens' National bank, Grand Island, Conning, Grand Island Cigar Manufacturing company and the firm of Archer & Baker assigned this morning. There is no statement of assets and liabilities.
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BUSINESS CRASHES. Financial and Business Institutions Cave Down the Bank. DES MOINES, Dec. 4.-The Tontine Investment company failed today. President Stone is missing and so are the funds. Among the victims here is the president of one bank and two or three cashiers of others. PITTSBURG, Pa., Dec. 4. - The Bovaird & Seyfaug Manufacturing company, manufacturers of oil well supplies, is in the hands of receivers. It is capitalized at $50,000 and employs 400 men. It will continue to operate. GRAND ISLAND, Neb., Dec. 4. - The Citizens' National bank closed its doors this morning. A notice posted says the suspension is due to slow collections. The assets and liabilities are unknown. The bank has a capital of $60,000.
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SPARKS FROM THE TELEGRAPH. The Citizens' National Bank at Grand Island. Neb. was closed yesterday. Non account of slow collections." The Sta - Bank at Julesberg, Col., has made an assigniment to Peter Peterson. A large number of people has small deposits in the bank. Dr. E. 1. Trudeau's residence at Saranae Lake, together with one of the linest laboratories in America, was totally destroyed by fire yesterday morning. The loss is heavy. Renignio Menchilles, an Italian track hand, was run over at West Albany yesterday afternoon. Notwithstanding his legs Lung by shreds to his body, be puried himself on the track ID time to prevent the remainder of the train 1rom passing over 111111 Death soon afterward ended his sulfering. The New York Locomotive Machine Works of Rome, N X., took are last evening and mostol the buildings were destroyed. A water works man burst during the progress of the Dre. reduct - the pressure from to 15 pounds. and two steam life engines were shable to cope with the names. The property was valued at $500,000, and was insured for ab n: $300.000, Dr Robert e. McEwen. a prominent physician and su geon of Saratoga. was prositated yesterday morn10g WITH . stroke of paralysis attecting the entire left side He 18 in a critical condition Dr. Memwen was for several years Captain of the Saratega & itizens Corps Twenty second Separate Company and 15 it Past Commander of the Knights Templar Fire on runday morning destroyed the following buildings in Corsicana, Tex J. R. Me Alester. livery stable loss $4,000; 0. P. Wimber every stable. loss $5,800 Savage Hotel. Loss $4,000; initselle's planing mm and electric light plant. 10-8 $25,000; City Hotel loss $2,500; M. Drane & Sons, on cottonseed. wood, and coal. loss $3,000; Corsicana Machinery Company, $6,000; carriaze factory. $1,500; Clark's seam laundry. $2,000; lexas Mill and Elevator Company's grain elevator. $3,500; partially insured.
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THE BUSINESS WORLD. A Bank Suspends. Grand Island, Dec. 4.-The Citizen's National bank closed its doors this morning. The notice posted, says the suspension is due to slow collections. Assets and liabilities are unknown. The bank has a capital of $60,000.
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zens' National Bank, the Grand Island Canning Co., the Grand Island Gigar Manufacturing Company, and the firm of Archer & Baker assigned this morning. No statement.
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THE BUSINESS WORLD. Result of a Bank Failure. Grand Island, Neb., Dec. 5.-As a consequence of the failure of the Citizens' National bank, of Grand Island, Conning, the Grand Island Cigar Manufacturing company, and the firm of Archer & Baker assigned this morning. There is no statement of assets or liabilities.
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Min 18" Business Troubles. ANDERSON, Ind., Dec. 8.-R. P. Grimes, the oldest dry goods merchant of this city, made A voluntary assignment yesterday. naming W T. Durbin of the Citizens' National Bank as receiver. Liabilities, $40,000: nominal assets about the same. VEEDERSBURG, Ind., Dec. 8.-The stockholders of the State Bank of Veedersburg. which was organized one year ago. with Reid Zeigler of Attica as President and Lucius Martin as cashier. with & capital stock of $25,000, met yesterday and went into voluntary liquidation. All depositors will be paid in full GRAND ISLAND, Neb., Dec. X. In consequence of the failure of the Citizens' National Bank. there have been two more failures here, The Street Railway Company has given a bill of sale for $11,333 and a warranty deed for the same amount, and the United States Investment Company has given a warranty deed for $18,000. This makes six failures here, including the bank.
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BUSINESS TROUBLES. The New York Tablet, conducted by Gen. Michael Kerwin since 1881, has suspended publication. In Grand Island, Neb., the Citizens' National bank closed its doors owing to slow collections. The bank has a capital of $60,000. At the request of the miners' convention Governor Waite has decided to call attention to an extra session of the Colorado legislature. Claims to the amount of $110,000 against the jeweler, S. H. Greenburg, of San Francisco, are held by Attleboro, Mass., and Providence firms. Discovery of dishonesty on the part of J. H. Louis, managing clerk, who afterward attempted suicide, is said to have caused the failure of the big clothing firm of N. J. Schloss & Co. The Tontine Investment company of Des Moines has quit business, and President G. W. Stone and Secretary F. C. Spryock have left town. The company's surplus, amounting to $835, is said to have gone with them. Shafts 6 and 7 of the Lake Superior company at Ishpeming, Mich., have resumed work. Superintendent Charles H. Hall says that he anticipates employing a force of 1,000 to 1,200 men by the first of the year. The New York Life Insurance company and Equitable Assurance society, which have been loing a prosperous business, amounting to about $20,000,000 a year, in Russia, are meditating withdrawal of their branch house, owing to hostility shown by the Russian life insurance companies. The Banque Francaise, opened at New York about three years ago by A. M. De Chatelard of Montreal, has stopped operation. Chatelard and his manager have disappeared. The big safe was opened and found empty. It is estimated that 400 depositors will lose about $50,000. It is sad that Chatelard is in Paris. Green B. Raum, Jr., of Perry, Okla., son of the ex-commissioner of pensions, has failed. He owned a grocery store and a hardware establishment, and had been catering to the Osage Indian trade. The failure is said to be for a large amount. Raum was a candidate for mayor of Perry at the recent election, but was defeated.
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Receiver Appointed for a Nebraska Bank. Controller Eckels has appointed Edgar M. Westervelt of Lincoln, Neb., receiver of the Citizens' National Bank of Grand Island, Neb.
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BUSINESS TROUBLES. The New York Tablet, conducted by Gen. Michael Kerwin since 1881, has suspended publication. In Grand Island, Neb., the Citizens' National bank closed its doors owing to slow collections. The bank has a capital of $60,000. At the request of the miners' convention Governor Waite has decided to call attention to an extra session of the Colorado legislature. Claims to the amount of $110,000 against the jeweler, S. H. Greenburg, of San Francisco, are held by Attleboro, Mass., and Providence firms. Discovery of dishonesty on the part of J. H. Louis, managing clerk, who afterward attempted suicide, is said to have caused the failure of the big clothing firm of N. J. Schloss & Co. The Tontine Investment company of Des Moines has quit business, and President G. W. Stone and Secretary F. C. Spryock have left town. The company's surplus, amounting to $835, is said to have gone with them. Shafts 6 and 7 of the Lake Superior company at Ishpeming, Mich., have resumed work. Superintendent Charles H. Hall says that he anticipates employing a force of 1,000 to 1,200 men by the first of the year. The New York Life Insurance company and Equitable Assurance society. which have been loing a prosperous business, amounting to about $20,000,000 a year, in Russia, are meditating withdrawal or their branch house, owing to hostility shown by the Russian life insurance companies. The Banque Francaise, opened at New York about three years ago by A. M. De Chatelard of Montreal, has stopped operation. Chatelard and his manager have disappeared. The big safe was opened and found empty. It is estimated that 400 depositors will lose about $50,000. It is sad that Chatelard is in Paris. Green B. Raum, Jr., of Perry, Okla., son of the ex-commissioner of pensions, has failed. He owned a grocery store and a hardware establishment, and had been catering to the Osage Indian trade. The failure is said to be for a large amount. Raum was a candidate for mayor of Perry at the recent election, but was defeated.
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Some of the Wrecks Caused by the Great Financial Depression. JANUARY. 6. Wickham & Co., wholesale fish dealers of Huron, O., failed for $250,000. FEBRUARY. 2. The First National bank of Little Rock suspended. 8. The banking house of F. V. Rockatellow at Wilkesbarre, Pa., closed its doors. 93. Beaupre, Keogh & Davis, wholesale grocers, assigned in St. Paul: liabilities over $400,000. MARCH. 13. The Atkinson House Furnishing company of Maine assigned in Boston: liabilities $1,500,000. 14. The Kansas Trust and Banking company at Kansas City, suspended, with liabilities of $800,000. 28. Dobbins & Dazy, cotton brokers, assigned in Nashville: liabilities, $1,000,000. APRIL. 7. The Northwestern State bank of Sibley. la. closed its doors; liabilities, $150,000. 12. The English, Scottish and Australian Char tered bank failed, with liabilities of £8. 000,000. 20. The Australian Joint Stock bank failed for £13,000,000. 22. The Bank of Milbank, S. D., assigned. with liabilities of $100,000. 25. The Union Loan and Trust company 01 Sioux City closed its doors: liabilities, $750.000. 30. The National Bank of Australasia failed for £7,500,000. MAY. 1. F. H. Weeks. pre-ident of the Land and River Improvement company. West Supe. rior, Wis., assigned. 8. H. H. Warner, the patent medicine mann facturer of Rochester, assigned: liabilities estimated at $000,000. 9. The Bank of Victoria. at Melbourne, sus pended. with £2,400,000 liabilities. 11. The Capital National bank. at Indianapo lis, suspended. R. R. Robinson & Co., bankers of Wilming ton. Del., failed, with liabilities of over $326,000. 12. The Sioux City (la.) Engine works suspend ed; liabilities, $200,000. Thomas & Sons, whisky dealers in Louis ville, failed owing from $150,000 to $400,000. 13. Bank failures at Orleans and Rossville Ind., at Freeport, O., and Rockford, Mich. Steel company at Bellville, Ills., placed in hands of a receiver. Kendall & Smith, grain dealers of Lincoln Neb., failed for over $250,000. 15. Erastus Wiman, a New York capitalist made an assignment. 26. Ex-Secretary of the Treasury Charles Foster of Fostoria, O., assigned, with liabilities of nearly $1,000,000. 28. National banks at Fargo and Lakota. N D., closed by the comptroller. JUNE. & The Kansas Grain company. owning 106 el. evators, failed. JULY 18. Exciting bank panic in Denver. 25. The Erie railway went into the hands of receivers; the floating debt is $6,000,000. AUGUST. 2. The North American Packing and Provision company assigned in Chicago, with $750,000 liabilities. a Receivers were appointed for the business of J. H. Walker & Co., dry goods dealers, who succeeded to the Chicago trade of A. T. Stewart & Co.: debts. $2,000,000. N. L. Carte & Co., the old tin plate import. ers, assigned in New York city: liabilities, $350,000. 2. R. H. Coleman, the "Iron King" of Leba. non, Pa., assigned. DECEMBER. 1. Abe Stein & Co., heavy importers of goat skins, hides, etc., failed in New York for over $1,000,000. 4. Green B. Raum, Jr., general merchant and Indian trader at Perry, O. T., failed. The Citizens' National bank of Grand Island. Neb., closed its doors. 5. N.J. Schloss & Co., wholesale clothiers in New York, assigned.
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Receiver Restrained. GRAND ISLAND, Neb., Aug. 21.-An injunction was filed by D. C. Zink, against E. M. Westervelt, receiver of the Citizens National bank, to restrain him from the issuance of a receiver's certificate on $21,000 rediscounted paper by the American Exchange National bank of New York.
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Must Turn Over the Funds, OMAHA, NEBR, Dec. 22.-The case of E. N. Westervelt, receiver of the Citizens' National Bank of Grand Island, against George A. Mohrenstecker and his bondsmen, have returned a verdict in favor of the plaintiffs for $10,000 and interest, amounting in all to $11,580 25. The defendant was cashier of the defunct bank and it was charged in the petition that he misappropriated funds to the amount of over $10,000 to himself and A. H. Baker, which were invested in real estate, and that he made excess loans to himself and Baker for $25,475.
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DEPOSITORS THANK THE RECEIVER. Committee Appointed to Assist in Disposing of Property. GRAND ISLAND, Jan. 20.-(Special.)-A meeting of the depositors and creditors of the defunct Citizens' National bank was held yesterday afternoon at the city hall. About 200 citizens were present. Receiver Westervelt laid before them the alternative propositions, to close up the trust at this time by disposing of the real estate on hand or to continue the receivership and wait until a time when the properties on hand could be disposed of to better advantage and then make final settlement. The receiver made the suggestion that in case the creditors decided to adopt the latter course of procedure an advisory committee of three be appointed to consult with the receiver in the settlement of various matters. D. C. Zink was selected as chairman of the meeting and H. P. Tucker secretary. It was resolved: We, the creditors of the Citizens' National bank, here assembled, extend our congratulations to Edgar M. Westervelt, the receiver of said bank, for his courteous, energetic and businesslike management thereof, and, in order that the work connected therewith may be as speedily closed as possible, as requested by him in his report, we do hereby select from our number Charles F. Bentley, Louis Veit and William R. King to act in conjunction with the said receiver as advisory committee in disposing of the property belonging to the said trust. This bank went into the hands of a receiver in the latter part of December, 1893, and has paid two dividends, one or 15 per cent and one of 25 per cent. The receiver expects ultimately to pay 80 per cent.
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Nebraska News Notes. Miss Minnie Goetz of Shelby fell on the ice while skating and broke her leg. Hebron republicans are to hold an election to decide on a choice for postmaster. Ferdinand Lindberger of Hebron has been bound over for cutting Casper Klaes with a knife. In the district court at Fremont the last Dodge damage cases against the Elkhorn road were dismissed without prejudice. Fremont ice dealers have become alarmed and commenced harvesting ice. The present cutting is about seven inches thick. The delivery of beets at the Norfolk factory has practically closed for the season, and the factory from now on will simply finish up the season's work. The depositors of the Citizens' National bank at Grand Island met and passed resolutions thanking Receiver Westervelt for his handling of the affairs of the defunct institution. Bonds to the amount of $119,000, issued by Butler county to aid in the construction of the Union Pacific road, fall due next year and as yet there is only $25,000 in sight with which to pay them. A farm house near Seward, belonging to E. A. Polley, was totally destroyed by fire. There was no one at home at the time, the tenant being over to a neighbor's, and it is a mystery how the fire originated.
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Had no Criminal Intent. St. Louis, March -The court of appeals has rendered a decision in the case of Edgar M. Westervelt, receiver of the Citizens' National bank of Grand Island, Nebraska, against George A. Moehrenstecker and others. The case is reversed and remanded for a new trial. Westervelt obtained a judgment for $10,000 against Moehrenstecker and his securities in the lower court. The appeal court's decision clears Moehrenstecker from any charge of criminal intent, It having been alleged that he appropriated $10,000 to his own use while cashier.