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FAILURES. GAINESVILLE, Tex., Oct. 16.-Cleaves & Fletcher, wholesale and retail dealers in hardware and agricultural implements, assigned today. Assets, $235,000; liabilities, $200,000. NASHVILLE, Oct. 16.-A telephone message from Columbia, Tenn., at 1 o'clock a. m. says that the Columbia Banking company, capital 200,000, and the Bank of Columbia, capital $60,000, assigned at midnight. No particulars were received.
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Bankers Assign. NASHVILLE. Tenn., Oct. 17.-Atalate hour news was recived here that assignments were made at Columbia by the Bank of Columbia and the Columbia Banking Company. The capital stock of the former is $100,000 and that of the latter $60,000. The liabilities and assets are not known. but it is said the officers of both institutions claim that creditors will be paid in full in time. Failure to make colleetions is assigned as the cause. These banks have been in business for some years and the news of their assignment will create a segnation,
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Banks Go Down. COLUMBIA, Tenn., Oct. 18.-The Columbia Banking company, capital $100,000, and the Bank of Columbia, capital $60,000, have assigned. Nostatement of the assets of either concern has been made public.
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II NEWSY NOTES. -A thousand bales of cotton on the r railroad platform at Hope, Ark., burned. -Brakeman John Welsh was cut in g two by a Louisville Southern train at 11 Versailles. -The Bank of Columbia, Tenn., has failed, but it is claimed that depositors will be paid in full. d -It is officially announced that the harvests have been complete failures in 13 of the provinces of Russia. -Democrats still hold three presidential post-offices in Kentucky-Carlisle, Eminence and Flemingsburg. -The Pulaskicounty grand jury found 16 indictments against alleged members of the Gilliland gang of robbers. -Dr. Baker, sentenced to death at Abingdon, Va., for the poisoning of his wife, has been granted a new trial. -Eight prisoners, including 8 desper ate murderers, made a successful break from the Bowles county jail in Texas. -Capt. Leathers, the Louisville bankhas sued Madam Lang, the milliner, f er, r $10,000, because her dog bit his wife. -The severest hail storm in twenty yearscovered the ground about Seymour, Ind., with ice half an inch thick, Sunday. -Perry Carden, under sentence of death at Cleveland, Tenn., for raping a six-year-old child, broke jail and is still at large. -Harrison, Loring & Co., the Boston liaship-builders, have assigned. The bilities are $375,000, with nominal assets of $800,000. -Since the stockholders have voted that $1,200,000 to improve Middlesboro, it is reported that the Daily Herald will start up again. -The rope broke when Wm. Rose was launched off at Redwood Falls, Minn., Friday, and the job had to be done over again. -The boiler of the steamer Evangel exploded, at Port Townsend, Wash. Three people were instantly killed and 5 others were badly scalded. -Gen. W. H. F. Lee,familiarly known Rooney, Congressman from the 8th as Virginia district, and son of Gen. Robert E. Lee, died Thursday night. -Josie Mansfield, over whom Edward S. Stokes killed James Fisk, Jr., 20 years ago in New York, comes into notice again by marrying Robert Read in London. -Robert Charlton, colored, who killed his mistress Minnie Haskins. at Henderson, three weeks ago, has been found guilty and his punishment fixed at death. -George Martin, of Woodford, has sued C. W. Williams, owner of Allerton, for $25,000 damages. because his grandstand at Independence, Ia., fell and injured him. - A bold attempt was made to rob the National Bank at Cynthiana, Saturday, while all the:officers were out, but the teller gave the alarm and one of themen was captured. -J. F. Smith, lat Tole do, broke the record for type setting on a Mergenthaler linotype macbine, setting 47,900 ems, corrected matter, in 8 hours. This is more than four times the average setting by hand. -Dr. Lyman Ware, of Chicago, tells his fellow-citizensthat high buildings result in impure air, which, in turn, results pox, scrofula and other indesirable.conditions of the human frame. -Mrs. Archie: W. Overton, member of I prominent Tennessee family, threw of vitrol into the eyes of S. R. Elliott, Gallatin, because she thought him guil( ty of the ruin of her daughter. He will lose his sight. -In a fight between five negroes and the police force of Clifton Forge, Va. II one officer was killed and another dangerously wounded. Four of the negroes e were captured by a posse and three of them were lynched. to -W. P. Myers, of Lebanon, has been in appointed deputy collector of internal j revenue in place of E. F. Tucker removO ed, and Judge J.D. Belden, recently act quitted of violating the pension laws, has been appointed stamp deputy. a -The friends of William Noe, of Harlan county, are urging the Governor to T pardon him. Noe is serving a three years' sentence forthouse-breaking. His W wife died recently, leaving tweive helpT less children, @the oldest only twelve years of age. A -The Rev.I.Dr. John Hall, of New York, pastor of the wealthiest Presbyterian church in America, has resigned from the directory of Union Theological Seminary. His step is a result of the prosecution of Dr. Briggs, the alleged
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Bankers Assign. NASHVILLE. Tenn., Oct. 17.-Atalate hour news was recived here that assignments were made at Columbia by the Bank of Columbia and the Columbia Banking Company. The capital stock of the former is $100,000 and that of the latter $60,000. The liabilities and assets are not known. but it is said the officers of both institutions claim that creditors will be paid in full in time. - Failure to make collections is assigned as the cause. These banks have been in business for some years and the news of their assignment will create a sensation.
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Bankers Assign. NASHVILLE. Tenn., Oct. 17.-Atalate hour news was recived here that as. signments were made at Columbia by the Bank of Columbia and the Columbia Banking Company. The capital stock of the former is $100,000 and that of the latter $60,000. The liabilities and assets are not known. but it is said the officers of both institutions claim that creditors will be paid in full in time. Failure to make collections is assigned as the cause. These banks have been in business for some years and the news of their assignment will create a sensation.
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The Tennessee Bink Failures. NASHVILLE. Tenn., Oct. 19.-The assignments made by the Bank of Columbia and the Columbia Banking Company created no little excitement in Columbia. The Bank of Columbia assigned to Col. J. W. S. Ridley, with assets of $467,004.95 and liabilities $285,800, leaving assets in excess of liabilities, $181,204.93. Maj. W. P. Ingram, the president of this bank, made a personal mortgage of $30,000 additional. The Columbia Banking Company assigned to G. T. Hughes, with assets $316,620. and liabilities $554,428, leaving assets in excess of liabilities, $61,192.
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Deserved Compliment: American: -It was a high and well deserved compliment paid to Maj. W. P. Ingram, President or the Bank of Columbia, and Mr. Lucius Frierson, Cashier of the Columbia Banking Company, when the creditors of the two banks met and asked that these two gentlemen be made trustees for their respective banks. Both of these gentlemen have long held the confidence and esteem of the community and the action taken by the creditors shows this confidence has not been shaken by the misfortuue which has overtaken them. It shows also that the people of that community are not rattled or panicked by the failure, but have the pluck and spirit necessary to meet the exigencies of the situation. The evil effect of a failure is reduced to a minimum when the people meet it with a bold front.
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Condition of Insolvent Banks. PITTSBURG, Dec. 16.-A Greensburg (Pa.) special says: The Irwin Bank at Irwin. Pa., failed to open this morning. Pool & Son, proprietors, made an assignment. They say the bank could not recover from the shock caused by the former suspension. It is said between $75,000 and $100,000 was drawn out within the past week. The Pools assert that every dollar of deposits will be paid. COLUMBIA (Tenn.), Dec. 16.-The Creditors' Committee of the Bank of Columbia and the Columbia Banking Company, now insolvent, reported this morning that the banks will pay 60 or 70 cents on the dollar certain, with the probability of more.
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Business Troubles. COLUMBIA, Tenn., Dec. 16.-The creditors' committee of the Bank of Columbia and the Columbia Banking Company, now insolvent, reported this morning that the banks will pay 60 or 70 cents on the dollar, with a probability of more. GREENSBURG, Pa., Dec. 16.-The Irwin bank, at Irwin, Pa., failed to open this morning. Poole & Son, the proprietors, had made an assignment. They say the bank could not recover from the shock caused by a former suspension. It is said that between $25,000 and $100,000 has been drawn out within the past week. Poole claims that every dollar of the deposits will be paid up.
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Embarrassed Banks. GREENSBURG, Pa., Dec. 16.-The Irwin bank at Irwin, Pa., failed to open this morning. Pool & Son, the proprietors, made an assignment. They say the bank could not recover from the shock caused by its former suspension. It is said between $75,000 and $100,000 was drawn out within the past week. The Pools claim that every dollar of deposits will be paid. COLUMBIA, Tenn., Dec. 16.-The creditors' committee of the Bank of Columbia and the Columbia Banking company, now insolvent, reported this morning that the banks will pay 60 or 70 cents on the dollar certain, with a probability of more.
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TELEGRAP H-PAGES 1 AND 2. Domestic. Congress. Graves Trial in Denver. Telegraphers' Troubles. Biythe's Heirs Multiply. War Talk Against Chili. American Tin-from Mexico. The Irwin, Pa., Bank Suspends. Joe Clarkson Airs Himself Again Culberson D clines an Office. P. J. Jarmello, N. M., is Dead. Snow Blockade on the Santa Fc. Adam S. Perry, of Iowa, is Dead. Convention of Federation of Labor. Southwest Silver Men in Convention. Report on the Electrocution of Leppy. Advance Gossip in the Blaine Divorce. Wily Chinese Come Over From Mexico. No Light on the Chicago Mail Robbery. Massachusetts Suffers from La Grippe. Banker H. M. Kingman, of Chicago, Suicides. Ex-Governor Safford of Arizona is Dead. Baseballists Make Peace in Indianapolis. Missouri River Convention in Kansas City. Fatal Collision on the Chesapeake & Ohio. B. & O. President and Dividend Declared. Report of the Bureau of American Republics. Secretary Foster is still Improving, So is Mills. The Aspen Silver Congress Favors Free Silver. A Crazy Man in Kansas Kills His Two Children. The Charleston Expects to be Ordered to Chili. The Government Buys 708,000 Ounces of Silver for 95. Steamboats Once More Piough Through Puget Sound. Lillian Russell Advertises the Loss of a Law Suit. A Race Between Sunol and Nancy Hanks is Possible. The Hour of Weather Predictions Will be changed. Part of the Crew of the General Butler is Picked Up. B. H. Appoints the New Circuit Judges, Two Democrats. A Texan Ends a Quarrel With Two Men By killing Both. Hoey and the Adams Express Company will Compromise. Thieves Steal Two Trays of Diamonds in Little Rock, Ark. Wanamaker Extends the Pacific Mail Contracts to March 1. Trumpeter Dixon Convicted of the Murder of Corporal Carter. A Lamp Explosion in Columbia, S. C., Kills Mrs. Ford and Child. The Louisiana Lottery Question Splits a Democratic Convention. Upon Hearing of his Son's Indictment Cyrus W. Field Has a Relapse. A Fool Preacher in Iowa Immerses a Woman and Child Beneath the Ice. A Receiver Takes Charge of the California National Bank. San Diego. The Bank of Columbia, Tennessee, Promises to Pay 60 Per Cent. or More. Colonel Shepard Preeides Over a Meeting of the Sabbath Union in Des Moines. A Railroad Collision in Lima, Ohio. Wrecks a Pullman, Killing and Injuring About Thirty. Colonel Conger Says the Republican Candidate for President will be Nominated in Committee. A Christian Scientist in San Bernardino, Cal., Succeeds in Curing a Patient of all Ills Through Death. Among the Senate Confirmations is one of the Hon. Webster Flannagan, of Texas-What are We Here for: The World says Bland will be Chairman of the Coinage Committee and both Houses of Congress will Pass a Free Silver Bill. Reciprocity with the British West Indies and Guinea Will be Established-The Speaker Will announce the Committees in One Week.
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sets $120,450 To Amount Insolvent assets 277,400 00 $397,850 00 Total assets of Bank LIABILITIES. By}indebtedness as per schedule 217,300 00 $180,550 0 Surplus To which add individual property of W. P. Ingram, conveyed for 31,750 00 the benefit of Creditors Showing an excess of re$212,300 0 sources of the Committee make the folHowever, lowing estimate of the true condition of the Bank, to-wit: To Total liabilities as per schedule $217,300 00 RESOURCES. 00 By Solvent assets $120,450 By W. P. Ingram's individual propconveyed for erty benefit of creditors 31,750 00 152,200 Excess of liabilities above $65,100.00 assets have not taken into account in We foregoing statement the interest ac- nor the the assets of the Bank, crued have we on estimated the costs of settling the business of the Bank. up Assets not considered from: good but something may be collected $150,800 00 Insolvent notes 126,600 00 Over-drafts not good $277,400.00 Excess Total of liabilities over the 65,100 00 solvent assets Additional assets reported by 13,000 00 of committee. part Ingram has a lot of walnut him many trees Major Carolina that cost do not in North of dollars, which we be rethousands all. Something may count it value from at this source, but we a carealized in this estimate. After think nothing conservative estimate assets, we if ful and sure that the creditor it reasonably managed will pay dollar. the Circumstances may about properly 60 or 70 cents vary on the this estimate materially either way. CONDITION. OF THE BOOKS. books of the Bank were not respects. found The condition in some Frier: son in good that at the time Horace cash was We find commenced as cashier extent the of about out of balance which to is the not yet straightened find that $4,400 but simply and charged and off. inaccuracies We of there were errors in the books kept by $3,1000. Mr. the same sort extent of about made Frierson errors to the seem to have over been a period at These various times, running at some times there of three years, loss and and at others thousands a gain of of would There be a are several warrants &c, dollars cash. of notes, coupons, of the Bank that called for by the yet books found, and We the find offiwe have not as cannot find. of decers and accounts clerks of certificates and disthat the individual depositors out of balance. count posit, of notes by following were all the National balance Bank due We find the American Bank of between of Columbia, indebted that nearly Columbia and Bank was largely year back to the all American the time National for a American Bank. That National being lot so in debt to 31st the it rediscounted money,but a Bank on without July getting any debt. of notes the credit on this $7,025.64 July went 31 to amount of debt $20,000.00 note discounted and being very largely in debt on Septem$25,507.06 ber 24th 1891, viz $28,546.12 closed this in the notes condition of the bank to At this time and we have reason bewas very from bad the correspondence the American believe these banks, that the condition of National tween well Columbia, knew and that condition. it could the Bank along of in its then number of not also get find that with a large the American be notes We were left collateral discounted or to National Bank they as were not collateral so for discounted; simply held as to American but are adebtedness Commercial Natiopre-existing Bank and The notes so National of Nashville. National nal Bank with the Commercial by the Commer- the left Bank were discounted Bank of Nashville extent on of cial National failure to the about very day of the and day of before, paper and held as their thousand claims, dollars endorsements on the collateral ten for the by Bank of Cowas only as we in this they did consider their the debt, interest and of the back lumbia. lect This of these notes believe, Bank to col- not of Columbia. find that J. E. Ingram, We
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under his pillow. The new Mennonite college at Newton, Kansas, is to be opened in the fall of 1892 It has been endowed with $58,000 PT in subscriptions Lawrence, Massachusetts, and adjoining towns afflicted with la grippe which has become epidemic Workshops and stores are closed. Edwin M. Field of New York has been arrested for larceny in the first degree, notwithstanding the fact that be is supposed to be insane The head of the man who tried to kill Russell Sage has been identified beyour doubt as that of Henry L Norcross, a crazy Boston broker. Both first and second chiefs of the Cherokees have died, and the chief of the Senate is :sick. The Cherokee nation is now without . head California's beet sugar output this year received $161,400 bounty from the government The total production was 8,070,138 pounds of sugar. At Findlay, Ohio, the captain of the Salvation Army was arrested on a charge of obstructing the sidewalks with meetings found guilty and fined $10. Conover Brothers, piaso manufacturers, New York, are insolvent, liabili ties, $31,840 contingent liabilities is bills receivable, $35,850; assets, $22,913 Governor Buchanan of Tennessee has decided to send back the convicts to work in the Briceville mines. Military and civil guards will escort them The Bank of Columbia. Tennessee, and the Columbia Banking company which recently suspended, will pay sixty or seventy cents on the dollar to creditors George Stuart, inventor of s submarine telephone, died suddenly of heart disease in New York on the 10th Hewas native of Georgia and forty eight years of age. President Harrison has commuted the sentence of Jasper Knight of Pens sylvania, sentenced to seven years for em bezzlement, to four years actual imprison ment. The suspended negotiations between the Syrian arms factory and the Russian government for the delivery of a large quantity of repeating rifles have been re sumed Rev. Geo. J. Lindner, a minister of the Christian church, has given bogus checks for $500 in Nashville, obtained jewelry on false pretenses and made his escape to Mexico Paul Gressor. the young Frenchman killed in a saloon row in Ottawa Illinois, on Tuesday, is the wayward younger son of a French nobleman He was sent to America for reform. Ex-Congressman Moore of New Hampshire is endeavoring to secure in dietments against the American Bobbin, Spool and Shuttle Company for a violation of the anti trust laws. The issue of standard silver dollars from the mints and treasury offices during the week ended December 12 was $578,013. The issue during the corresponding period of last year was $706,535. Charles Lomax. a colored tough in Washington, wounded a policeman by shooting him in the back. He then at tacked another officer, who returned the fire, shooting Lomax dead. Governor E. M. McCook, formerly of Colorado, has been granted a most im portant concession of mining lands in the district of Sahuraipa, Sonora A syndicate will work the mines Speaker Crisp of the House of Representatives is busily engaged in arrang ing his committee lists and the House will probably do no business until after the holiday recess. The Senate will do little more. Five thousand carloads of Western grain are to be hauled to New York over the Canadian Pacific, the Watertown & Ogdensburg and the New York Central railroads, all to go to Europe within a few weeks. The troops of the insurgents in Rio Grande do Sul have laid down their arms and disbanded. The Uruguayan battalion has returned home and its members will eventually be incorporated into the regu army. La grippe has become epidemic in St. Louis Hundreds are down and physicians are run down with work. Ten men are down from one wholesale house and ten professors of the St. Louis University are laid up. Eureka, Indiana, miners' strike, near Brazil, has ended. The miners gained their point, but the operators will have to shut down the mines, because they have lost their customers since tbe strike commenced Tank Kee, the Chinese lecturer,will deed his library of 3,800 volumes on Chinese history, the largest extant, to the Texas University. The books are to be kept undivided and known as the "Tank Kee Library. The wife of the late S. S. Cox. formerly congressman from Ohio and New York, has been presented with a silver service by the United States Life Saving Service. S.S. Cox was the founder and friend of the service.
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AROUND TOWN. -Rome, Ga., has a policeman named J. A. Collier, who wears No. 1 on his hat, and the Rome papers, detailing a recent arrest of three horse thieves, speaks of Mr. Collier as "Rome's plucky officer." Something of a co-incidence in the fact that Columbia has a policeman named J. A. Collier, who also wears No 1 on his hat; and further we venture the assertion he is as "plucky" as the Rome man. These men are brothers, by-the-way; Mr. Collier, of Rome left this county twenty-five years ago. -The brick masons have commenced work on the First C. P. Church again; they were compelled to stop for several weeks on account of the bad weather. -Officer Dowell pulled another watch thief last Wednesday. It was a negro boy this time-Jim Mayes; be stole a watch from Charlie Bradshaw. -Mr. Judd, who has been absent from: Columbia for a month, owing to sickness, has returned and can be tf found at his gallery. -The firm of Oakes & West has been dissolved by mutual consent, Mr. West retiring from the business. Mr. Oakes will continue the business at the same stand. Mr. West will give his undivided time to the undertakers business. He will occupy the room under the HERALD office, now used as the City Hall. The corporation fathers will move to the old jail, which they have repaired and fitted up nicely for their service. -Circuit Court will adjourn to-day or to- brrow. -Marion Akin is with the Second National Bank. -Will Chaffin and family have moved to the Embry place, on South Main street. -A bill has been filed by certain depositors, against the late Bank of Columbia. It is a reaching and searching and sweeping document, and takes in everybody and everything since 1866. -Last Tuesday was ground hog day, and he saw his shadow. But last year proved that the ground hog didn't have auy more weather sense than any other hog. -Mr. H. Gross has rented the store house on the East side of the square, between Chaffin Bros. and R T. Faris' groceries, and will open a firstclass dry goods store. --Jim Crowe White is running an express wagon, expressly for the purpose of hauling anythlng anywhere. He will do it as prompt and cheap as abybody else. You will know him by the ugly driver and handsome white horse. -The days are perceptibly longer. -Maj. James T. Moore, who has been seriously ill, is better. -Mrs. Bob Allen is quite sick. -The weather for the last week has been pretty enough to make up for the bad weather before then. -Daisy Kittrell, colored, died in this city this week at a very advanced age. She was said to be 106 years old. -Home Made Peach Blackberry and Damson Preserves at E. W. GAMBLE GROCERY Co. tf
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TRUSTEE'S SALE. I hereby offer for sale the real estate and personal property conveyed to me by deeds of trust from W. P. Ingram for the benefit of the creditors of the Bank of Columbia, upon the following terms; The real estate is offered privately until Septen. ber 12; all remaining unsold that day will be sold publicly at the court-house in Columbia, upon terms of one-third cash, one-third January 1. 1893, one-third January 1, 1894, with lien retained to secure payments. The personal property will be sold for cash at McGaw's livery stable. The hour will be a.snounced by public out-cry. LOT No. 1.-Carter's Creek farm, 4'6½ acres, located one-balf mile North of Carter's Creek Station, Maury County; fronts one mile on railroad, all under fence. A first-class stock farm. For full description, etc., see deed in Register's office, Colmmbia, Tenn., book K, Vol. 3, page 443. LOT No. 2.-Sawdust Valley farm, 240 acres; one-half mile Northwest of Sawdust Valley, Maury County, Tenn, 10 miles Westof Columbia; is clover and a desirable stock farm, running from the Williamsport and Columbia road. to Duck River on the North. Find deed in Vol. 3, page 307, book V. LOT No 3.-Cecil farm, 107 acres. This is a very desirable little farm. All in grass and clover; two and one half miles North of Mt. Pleasant, Maury County, Tenn. See deed in book V, volume 3, page 273, Register's office, Columbia, Tewn. LoT No. 4.-Embry place. Three acres with 1. rge dwelling on South Main street, Columbia: can be divided up into a number of building lots. See deed in Register's office, book M, volume3, page 94, and Chancery Court minute book October 5, 1891, page 108. LOT No. 5.-Store-house and in Bigbyville, Tenn., conveyed by Perry to Bank of Columbia, book V. volume 3, page 287, Register's office, Columbia, Tenn. LoT No. 6.-Several high bred brood mars and their produce - - sucklings, vearlings, and two-yesr-olds-sired by King William, Duplex 2:19, Brown Mark 2:24½ and Adfield 2:28. Here is an opportunity to buy stock representing the best blood lines of the world, both in trotting and pacing. Remember the date, September 12, 1891. B. S. THOMAS, Trustee. Columbia, Tonn., Aug. 19, 4t.
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They "stoop to conquer." W. P. INGRAM, Victim, Bethell House, Room No. 28. I am "almost persuaded" that months previous to the suspension of Bank of Columbia, the inception of its trouble was "conceived in sin and born in iniquity," the offspring of which was boycotting on account of imaginary political grievances), conspiracy, (for greed of gain and glory), treachery, robbery, vampireism tf W. P INGRAM.
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They "stoop to conquer." W. P. INGRAM, Victim, Bethell House, Room No. 28. I am "almost persuaded" that months previous to the suspension of Bank of Columbia, the inception of its trouble was "conceived in ein and born in iniquity," the offspring of which was boycotting on account of itnagina y political grievances), conspiracy, (or greed of gain and gory), treachery, robbery, vampireism W. P. INGRAM. tf