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A Virginia Bank Closes Temporarily. PETERSBURG, Va., May 19.-In consequence of heavy runs, as well as on other banks, the Planters and Mechanics' Bank has temporarily suspended. The notice by the board of directors and president says it is believed the bank will be able to pay every cent.
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Securing the Creditors. PETERSBURG, VA., May 20.-The - board of directors of the Planters and Mechanics' bank, which suspended yesterday, to-day made a deed of trust to McIlvaine & Gillian, of this city, on the assets and property of the bank, to secure its creditors, without priority. The liabilities of the bank are estimated at $200,000; assets unknown.
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Closed Its Doors. PETERSBURG, va., May 19.-The Planters and Mechanics' Bank closed its doors to-day. A heavy run is being made on the Petersburg Savings Bank, but it is thought the bank will be able to withstand it.
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THE STATE AT LARGE. PETERSBURG AND VICINITY. Suspension of the Planters and Mechanic Bank-Other Banks Meet Promptly All De mands-Confidence Restored. [Correspondence of the Richmond Dispatch. PETERSBURG, May 19, 1884. The Planters and Mechanics Bank, of thi city, suspended payment and closed it doors this morning at half-past 9 o'clock a half-hour after opening for business The following paper, which was posted o the front door, explained the situation : NOTICE.-Owing to the stringency in the mone market. caused in great part by the present finan cial crisis. this bank is forced temporarily to sus pend operations. A statement of the condition o the bank is now weing prepared, which will 1 made public as soon as possible, and we assure it will prove satisfactory to the most scrutinizing By order of the Board of Directors. J. T. YOUNG, President. There was a sharp run on this bank o Saturday, which it was hoped and believe would be withstood. The run again com menced this morning as soon as the door were opened, and it was deemed necessar to suspend. The suspension caused a goo deal of feeling and uneasiness upon th streets, and gave rise to a vigorous run o several hours upon the Petersburg Saving and Insurance Bank and the Bank of Peters burg. These banks were fully prepare and promptly met, dollar for dollar, ever demand made upon them. It was notice able that the run was made by the smalle depositors. These banks have an abun dance of money on hand to meet all thei obligations, and while small amounts wer being withdrawn large sums were being deposited by the wealthier class. Thi fact restored confidence and gave assuranc of the perfect solvency of these banks, and by 1 o'clock the run had stopped, all ex citement had ceased, and business at thei counters had resumed its healthful routine It 18 said that the suspënsion of the Plan ters and Mechanics Bank will be only temporary, and that business will be re sumed as soon as the securities it holds car be realized upon. This bank was one o the depositories of the State as well as o the city. It is understood that the city ha on deposit with it to-day a very insignifi cant sum, if any. The suspension of this bank caused th assignment during the day of the large and well-known liquor-house of Messrs. Strat ton & Co., on Old street. All feeling of uneasiness and furthe trouble has disappeared this afternoon, and confidence is expressed that no furthe complications will result. In the Mayor's Court this morning the case of young George C. Orgain, who wa arrested here on Saturday on suspicion o having stolen a horse and buggy valued a $350, the property of W. H. Cosby, o Richmond. was called for examination It was shown in the evidence that the voung man had bured the horse and bugg
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THE SUSPENDED BANK. PETERSBURG, Va., May 20.-The board of Directors of the Planters' & Mechanics' Bank which suspended yesterday, to-day made a deed of trust to McIlwaine & Gilliam of this city on the assets and property of the bank to secure its creditors without priority. The liabilities of the bank are estimated at $200,000, assets unknown.
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The Petersburg Collapse. PETERSBURG, VA., May 20.-The Board ef Directors of the Planters' and Mechanics' Bank, which suspended yesterday, to-day made a deed of trust to McIlwain & Gilliam of this city on the assets and property of the bank to secure its creditors without priority. The liabilities of the bank are estimated at $200,000 and the assets are unknown.
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THE PETERSBURG BANK. PETERSBURG, Va., May 19.-The cashier of the Planters & Mechanics' bank says its suspension is due mainly to the fact that last week a large number of certificates of deposit, on which the bank requires from 10 to 30 days notice, were paid with utt:he requisite notice. Within the past few days $64,000 of state funds had been checked out. He thought the bank would resume in a few days.
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Something Rotten. PETERSBURG, va., May 21.-Some suspicious facts have come to light in connection with the failure of the Planters' & Mechanics' Bank. It has been proven that no money was loaned to peanut dealers, as reported, and that the President and Directors withdrew their accounts and made over all the property they had in the State to friends or relations before suspending. It is announced that the Directors have decided to dispose of the bank's property and distribute the proceeds among the creditors, and the stockholders have called a mass-meeting to .protest.
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A Busted Bank. PETERSBURG, Va., May 19.-In consequence of heavy runs, as well as on other banks, the Planters' and MeMechanics' bank was temporarily suspended by the board of directors and president. The bank is believed to be able to pay every dollar.
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The Planters and Mechanics' Bank of Petersburg, Va, suspended payment and closed its doors on the morning of the 19th inst., half an hour after open. ing for business. On the same day the banking-honse of Brennan & Co., at Charlottesville closed. The liabilities of the latter are about $100,000, with a depositor's lien on very valuable real estate as security. The Erie County Sav. ings Bank of Erie, Pannsylvania, suspended on Monday morning last. Its capital is $150,000 and its liabilities $300,000. It is said that the president has been dabbling in oil. The City Ex. change Bank of Laporte, Indiana, made an assignment on Saturday owing to the failure of Donnell, Lawson & Simpson. Liabilities $36,000, assets $21.000. PETERSBURO, Va., May 20.-The board of directors of the Planters and Mech anics' Bank bave decided not to reopen the bank, and on Tuesday last made an assignment to W. B. Mcllwaine and Robt. Gilliam for the benefit of its creditors. The deed is an equitable one, no preference being given to any one creditor over another. Until the statement of the condition of the bank, now being prepared, is completed, no definite information as to assets or liabilities can be given. The depositors, however, it is believed, will get the larger portion of their money. CATHOLIC COLLEGE.-Mr. J.D. Kingsley, Sec'y, Holy Cross College Gymnassium, Worcester, Mass., writes: Every member of our club frankly admits that St. Jacobs Oil, the conqueror of pain, is the best cure they have ever used, and all speak of it in terms of the highest approbation. 50 cents a bottle. A Philadelphia crazy quilt has 9,000 pieces of ribbon, and required the spare time of a housewife for four years in making.
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The failures in New York last week and the week before have been followed by failures in various parts of the country. Last Friday a Newark, New Jersey, savings bank closed its doors, and several business firms in New York made assignments. On Monday a savings bank at Erie, Pa., suspended, with liabilities double its assets, the president being an oil speculator. On the same day the Planters and Mechanics' bank at Petersburg, Va., the City Exchange bank of Laporte, Indiana, Brennan & Co., bankers of Charlottesville, Va., and Henry Stratton & Co., of Petersburg, Va., all failed. There is an uncertainty in all business centres, and more failures will not be surprising.
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CAMPAIGN CHARGES AGAINST MAHONE AND Hrs COLLEAGUES.-About a week ago the Planters and Mechanics' bank, in Petersburg, Va., Mahone's home, suspended. The Richmond Campaign, a democratic organ, to-day arraigns Mahone, Gov. Cameron and other leaders of the Mahone party, charging them with making arrangements with the bank whereby corrupt privileges were extended to the Mahoneites allowing them to use state money for campaign and private purposes.
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THE STATE AT LARGE. PETERSBURG AND VICINITY. The Planters and Mechanics Bank; The Grand Jury Investigating the Causes of Failure: Great Interest in the Community. [Correspondence of the Richmond Dispatch.] JULY 18, 1834. It was intimated in this correspondence several days ago that the grand jury would probably undertake the investigation of some matters of very important local interest. This statement is confirmed by the fact that the grand jury has been all day investigating the causes which led to the failure of the Planters and Mechanics Bank, with the view of ascertaining whether criminality attaches to any one in the management of its affairs and settingal rest the damaging rumors that have long been affoat in the city in reference to the management of that institution. When the grand jury met this morning at 11 o'clock a number of witnesses were sworn and sent before them to testify in reference to the matter. About 12 o'clock, while the trial of Thomas J. Davis for the killing of John Ditmar was in progress, the grand jury came into the court-room. and on being asked if they had any presentments to make the foreman. Mr. Hugh R. Smith, addressing the Judge, said that during the examination of a witness the attention of the grand jury was called to the existence of a paper hearing upon the partial examination of the affairs of the bank in 1874 which it was deemed important to have In evidence. It was ascertained that this paper was in the possession of Mr. W. L. Watkins. A request was sent to that gentleman for the paper. but he declined to surrender it. The grand jury. therefore, asked the Court what should be done in the matter. Mr. Watkins. who was in court. read the note that he had received from the foreman of the grand jury, and on being sworn stated that the paper referred to as in his hands is in his possession as counsel for two well-known gentlemen, and is regarded as of the most material importance in a suit It proposed to bring, involving a large amount of money. He considers the possession of this paper a sacred pledge, and believes that if it should be made pubat this time it would seriously prejudice and damage the case. Mr. Watkins disclaimed any intention to disobey the orders the grand jury. or to show any want of respect for that body. The foreman (Mr. Smith) said it was understood that the paper in question had been obtained by Mr. Watkins from Mr. T. Patteson, & witness before the grand jury, whose property it was supposed be. At this point Judge Mann said the Court in the midst of thetrialof an important involving capital punishment, and he could not allow the trial to be suspended go into a hearing of the question raised the grand jury. That could be settled another time, and meanwhile the grand jury could return to their room to proceed with the examination of other witnesses, the investigation of other matters before them. The grand jury thereupon retired. and question of the surrender of the important paper in question was laid over settlement hereafter. The matter will loubtless be argued at some length, as it involves some interesting points. The court-room crowded at the time. the attention of every person present for the while turned from the trial of the Davis case to the point raised by the grand jury. At 21 o'clock the jury were adjourned until 44 o'clock, when the investigation will resumed. It is hardly probable that any presentments will be made, or any report submitted for several days. It designed to examine all witnesses who can give the grand jury any information, and to make the investigation as rigid as possible. The action of the grand jury in this mathas created a genuine commotion in the and the result of the investigation is waited with intense interest. It is underfood that the paper above referred to isan ibstract of a partial examination of the at. of the bank made in 1874, which was satisfactory to some of the directors, who resigned in consequence. The Hustings Court has been engaged all Jay in the trial of the case of the Commonwealth US. Thomas J. Davis. indicted for the murder of John Ditmar several months The peculiarity about this case is that there were no witnesses to the beginning the unfortunate difficulty. Davis at the time was employed as signal-man on the connection track of the Petersburg railroad, the intersection of the Norfolk and
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- Mayor Smith. of Philadelphia, has asked the Councils for $10,000 to enable the Quaker City to make a good showing at the New Orleans Exposition. --The defunct Manufacturers' Bank, of Milwaukee, offers twenty-five cents cash, and seventy-five cents in equal payments at one, two and three years. -The Grand Jury of Petersburg, Va., have I not concluded their inquiry into the failure of the Planters' and Mechanics' Bank. -Green's Bank, at Jackson, Miss., makes an excellent showing by the receiver's report,
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sente [Correspondence of the Richmond Dispateh. PETERSBURG, August 7. 1884. On the morning of Monday. May 19th. elec. before the municipal Just three the Planters days and Mechanics Bank, of this city. tion. closed its doors and suspended business. There had been run on the bank have on which would the Saturday previous, was on Monday but that been continued suspension. Comeffectually stopped by the paratively few of the depositors, however, had drawn out their funds. great suspension of course caused were deal The of excitement in the community. surprised- The The great body of the failure people was looked upon astonished. It was given out coming a disaster the bank that the from the officers of and WAS only temporary, This suspension that the bank would pay feeling out. pacified public to statement rumors but there were vague some extent. to the effect that the bank in circulation the core, that there had was rotten of checking, with been a vast amount loans, little security to guarantee the money but really there was but little in and that the vault of the bank. Rumors went left so far as to give the names in of many busipersons, more or jess prominent inoness and society, who had thus drawn ney from the bank. AN ASSIGNMENT MADE. On Tuesday morning the 20th the dit of the bank made an assignment Gil. rectors W B. Mellwaine and Robert Messrs. Irm. Jr. trustees. The deed was a gene equiplacing all creditors upon an ral one. footing, and giving preference table This assign ment gave rise to vigor- in one. and confirmed the public ous opinion comment. that the affairs of the bank inextri- had the been badly manage d. and were cably mixed The State had on deposit in and the West- bank $135,000 and the Norfolk about crn Railroad Company about $18,000. numerous. The indi vidual depositors were very ACTION OF THE CREDITORS. of the tended meeting On the night of the 23d of creditors May largely of the stor! holders ank-depositors and such held in Mechanies' Hall to take for the promight be decined necessary tection of their inte for pted the Resolution five cointment of no in book way connecte with that ith the bank, expert in of and bank idends divi and the bank committee amine Board minutes the the report M: Grs cCandlish the of W feditors. known. will be held THE TAKES MATTER HE GRAND JURY HAND. the On the third Thursday in July met Court ings of charge Mann grand Judge shile not directing Me end Bank. and 80 pointed. the in be no mistake he manage Lished that The grand ent body of Hugh citizens John John Ford. Griffin. Cain. John Bridgers Aug. Wright Thrift, Bailey, D. Jame Bowie, starke, Badger, Blick, and After view reports publicly should placing criminality where belonged THE The and clock At 12 address follow nd submitted st of presentments TO GRAND JURY the To H Judge The Hono their body May, In grand of negligent deand of ositors bank the find could other bich could proceedings, the which ave been now the ury this that fact ention Hono your bake this feel they owe to the perwhich they the public genuly and to and Je has of Petersburg been the loss rally As great of this bank jury which the failure the the intailed upon the indirectly upon ositors directly, and confidence in the of our ity bank State ublic by impairing places of deposit will in the end directing the it money. serve the purpose to of to the eneral Assembly SOOD the existing laws of censity of amending rulating banking inbetter be ations. Commonwealth with view to W recuring ith more strinsection to depositors. our statuteent laws than those now of of things such condition of the grand ury to invo estigate has been the duty at the present of would court TIII your Honor's no rare. If. hand, other the on
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PETERSBURG AND VICINITY. Delegates to the Virginia Conference-The Special Election for Assembiyman-A Large Anti-Brady Meeting. [Correspondence of the Richmond Dispatch.) PETERSBURG, August 15. 1884. At the session of the Petersburg District Conference at Jarratt's Depôt yesterday the following lav delegates to the Virginia Annual Conference were chosen: John W. Bradbury, J. J. Ivey, J. A. Winfield, and W.H. Wheary. Addresses were delivered during the day by Rev. Dr. Edwards and Rev. S. S. Lambeth. In the Mayor's Court this morning the case of Mack Gilliam (colored). who has been in jail since the 22d of July, charged with being an accomplice in the burning of the peanut-factories on Lombard street, was called for examination. The evidence failed to connect him with the arson, and he was discharged. At a meeting of the two Executive Committees of the Republican party held 10 the court-bouse last night Dr. David F. May was nominated for the House of Delegates to fill the vacancy from this city. It is understood that Mr. James M. B. Steward will run as an independent candidate against the Republican nominee. A political meeting, very significant in point of the number present, was held here last night. It was gotten up quietly by the anti-Brady wing of the Republican party, and addresses were delivered by Senator Gaines, Congressman Hooper. and several colored speakers-all of whom, except Senator Gaines, announced themselves as candidates for Congress. The contest among the Repubheans for the nomination is growing very interesting, and should the opposition combine against Colonel Brady it is thought there would be very little doubt of his defeat in the Convention. The meeting last night was attended by fully five hundred persons. and the cheering of the crowd could be heard all through the city. It is said that the opposition to Colonel Brady is not so much on personal grounds as because he IS looked upon as the representative of machine methods. of which the people are growing tired. It is reported that in the large upper counties of the district the machine" has few friends. It is furthermore said that while the colored people generally favor a colored congressman, their strength 18 divided among several aspirants, and will probably be centered upon no particular one, and this fact may defeat their objects in the end. Captain B. J. Epes, who was yesterday nominated for judge of Dinwiddie county, is a prominent lawyer, very popular among his people, and will grace the bench. Warrants were this morning issued for the arrest of two white men who are charged with breaking into the house of Jane Lessenbury last night. The woman shot at them with her pistol, and was subsequently knocked down and her pistol takenaway. As the noon train for Richmond was ap. proaching the southern depôt to-day, the engine jumped the track near the junction of Sycamore and Washington streets, where there is a sharp curve in the road. A delay of fully an hour occurred before the engine could be gotten back. At the instance of the State, which had $135,000 in the Planters and Mechanics Bank, processes have to-day been served upon several of the late directors of that bank requiring them to appear before a proper officer to answer the usual interrogatories to be propounded in such cases. ROBIN ADAIR.
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No one can be ill if the blood is pure, Yellow Dock and Sarsaparilla have long been rcognized by physicians as a blood purifier. Don't be humbugged by the advertisements of the many quack nostrums, but occasionally use Dr. Guysott's Yellow Dock and Sarsaparilla, and you will live to a good old age. Many of our best citizens who suffered from bad blood indicated by weak kidneys, indigestion, ets, owe their recovery to this remedy. The French Government has decided to introduce a bill in the chamber of deputies providing for the taxation of imported cereals and cattle. A chronic rheumatism which has paining and disturbing a system of ten years is a mighty ugly enemy to attack. It is like a fiend behind a barricade-hard to hit and harder to dislodge. But Athlophoros don't seem to fear even such a desperado. It works its way into his fastness in the system, and ousts him without ceremony. Says Mr. H. Charley, Muskwonago, Wis.: "My brother has been taking Athlophoros for chronic rheumatism of ten years standing. It is doing all you claim. His pain is gone, and his limbs are warm and lifelike. Owing to a determined run on all the financial institutions at Petersburg, Va., the Planters' and Mechanics' Bank closed its doors, with a promise to attempt payment in full. Dr. Henry Baxter's Mandrake Bitters are purely vegetable, the product of the hills and valleys, they are natures own restorer. Price 25 cents per bottle. Warranted to give satisfaction or money refunded.
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The Petersburg, Va., Bank Failure. RESULT OF THE LEGISLATIVE INVESTIGATION-THE GROSSEST MISMANAGEMENT ALLEGED. In the Virginia house of delegates yesterday Mr. Pollard, chairman of the committee on finance, submitted their report on the investigation of the Planters and Mechanics' bank of Petersburg, which recently failed. The report says that the amount due the state on May 1, 1884, was $133,373. The committee find that the money of the state deposited in this bank was so mingled with other fundsfof the bank, and so used as to make it impos sible to ascertain the precise use made of the identical money so deposited. The books of the bank show that with a capital stock of only $119,550, the enormous sum of $111.810 had been drawn from the bank by overdrafts at the time the bank closed its doors, in addition to very large sums previously overdrawn by favorites of the bank, which had been covered by notes upon which no security had been required, and most of which notes are utterly worthless. Among the names of those upon whose checks the largest of these overdrafts were drawn are Stith, Bolling & Co., $19,000; William E. Cameron, governor, nearly $4,000; State Senator W. E. Gaines, $6,000; Inge Mahone, the latter the son of Gen. Manone, nearly $15,000; Gen. William Mahone, nearly $4,000; Thomas Whyte, cashier of the bank, $15,000, and R. A. Young, over $5,000. In addition to the amounts due the bank on account of overdrafts, there was $309,000 due on notes and bills receivable. Of these assets a very large proportion is represented by notes of persons hopelessly insolvent. and supported by no security or by insufficient security. Among these are Stith, Boiling & Co., call loan for $10,000; Gov. William E Cameron, sundry notes, $31,400; Iage & Mahone, $8,000; George Perkinson, over $5,000; Thomas Whyte, cashier, nearly $4,000. State Attorney General T. S. Blair, $1,300; J. C. Drake, $10,700; Davis, Drake & Co., $3,000; Stratton & Co., of which firm Edward Whyte is the only member, $58,000; C.W. Spicer, about $30,000. The committee say that Gov. Cameron and Gen. Mahone have paid the amount of their overdrafts to the trustees since the affairs of the bank have been placed in the trustees' hands. Senator Gaines has paid $4,000 of his overdraft of $6,000. Nothing has been paid on the amount due by Gov. Cameron upon his notes, aggregating over $30,000, but the trustees of the bank hold as collateral $50,000 of Southern Telegraph company bonds, worth perhaps $17,000, and fifteen shares of the stock of the Washington Improvement company of uncertain value. It is proper to say that these collaterals were considered at the time the loans were made to Gov. Cameron good for the amount of his notes, but have since greatly depreclated. The committee have not yet ascertained that any one is liable to criminal prosecution, and they conclude their report by alleging that the bank was run in the most shameless and profigate manner.
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A LOVER'S FATAL JEST.-Miss Alice McCiban, of Cadiz, Ohio, was young, intelligent and a great favorite, but exceedingly nervous. She was engaged to a young gentleman named Nash, a restdent of the neighborhood, and a highly esteemed gentleman. Saturday evening he called on Miss McCiban and remained some time. When taking his departure, in jest, he said to her that he had concluded to sever their relations, and that there could be nothing between them but friendship. The girl was so affected that she went into spasms, which continued until her death Monday. Every effort was made to restore her to consciousness, unavailingly. Nash, who was frantic with grief, was constantly in attendance, but his presence had no effect upon the young lady. It is feared that he will become insane. A FOUL BLOW.-Tom Reese and Bill Davis fought yesterday near the Midvale colliery, at Plains, Pa., for $250 a side. After six rounds Reese struck his opponent below the belt, and the latter doubled up, falling to the ground, shrieking with pain. Those present thought the man was dying. The cry of "Police" was raised and the crowd scattered, leaving the injured man in the hands of his friends. THE PETERSBURG, va., BANK Surr.-Argument was had at Petersburg, Va., yesterday on a petition in the suit of the state VS. the Planters and Mechanics' Bank of Petersburg for a change of venue to the circuit court of Richmond. The court has reserved its decision until the September term, to be held on the third Thursday of this month. SUSPENDED BECAUSE THE EDITOR IS IN JAIL-The Gloversville, N. Y., Evening News suspended yesterday because the editor and proprietor, J. F. W. Ruttenber, is under arrest for complicity with J. Edgar Chandler in firing the Mohawk Valley Democrat office at Fonda, destroying $40,000 worth of property. Ruttenber is held in $10,000 bail. MURDER AT A CAMPMEETING.-Milton Wilson, colored, was arrested in Philadelphia yesterday for the murder of James Bevans at a colored campmeeting near Princess Anne, Somerset county, Md., on August 23. A brother of Bevans was also seriously injured by Wilson at the same time, and it is said his wounds may yet result in death. Emperor William, of Germany, has so far recovered from his recent fall that he yesterday reviewed on horseback the garrison at Berlin. The third annual meeting of the national association of stationary engineers met in Baltimore yesterday. Tw 0 young men on Monday advertised a show of ventriloquism at Doylestown. Pa., and collected a large crowd of school children. The show proved a fraud, and the children rotten-egged the performers out of town. Samuel Lowden, a New York bufider and contractor, is said to have fied with about $30,000 cash, leaving $50,000 in debts. The Saratoga County National Bank, of Waterford, N. Y., is about to close up business. The stockholders and depositors will be paid in full, with a dividend to the former.
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VIRGINIA'S DEFUNCT BANK. Judge Mann Declares Valid the Deed Made by the Directors Last May. PETERSBURG, VA., Feb. 9.-In the Hustings Court to-day Judge Mann rendered his opinion as to the validity of the deed made on May 19 last by the directors of the defunct Planters' and Mechanics' Bank. The deed was assailed by the State of Virginia, which had on deposit in the defunct bank $130,000, and by the Union National Bank of the city of New York, and other judgment creditors. Judge Mann renders the opinion that the deed is a valid one, and decrees that the funds now in the hands of the trustees of the bank be distributed pro rata among the creditors. The trustees have on hand $90,000, sufficient to pay creditors a dividend of 20 per cent. The petition of J. R. Wagesdale, Treasurer of the Commonwealth of Virginia, which has been treated as a cross bill, IS dismissed, and the demurrer to the bill of the Union National Bank of the city of New York is sustained. The counsel for the State asked for a suspension of the order with a view to taking an appeal to the Supreme Court of Appeals, which was granted.
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TRIPPED UP BUSINESS MEN. No Appeal in the Virginia Bank CaseWard Again Indicted. PETERSBURG, VA., Feb. 12.-In the Hustings Court to-day Judge Mann handed down his opinion in the case of the suit of the State of Virginia against the Planters and Mechanics' Bank, and, as it appears from the opinion that no suspending order was asked by the counsel for the State, no appeal will be taken to the Supreme Court of Appeals. The trustees of the bank will execute the order of the court as soon as practicable, probably within the next 30 days. The trustees have on hand about $90,000, which is sufficient to pay a dividend of 22 per cent. to the creditors. ANOTHER INDICTMENT AGAINST WARD. NEW YORK, Feb. 12.-The United States grand jury brought in another indictment against Ferdinand Ward, the former partner of Gen. Grant, for crookedness in connection with the Marine Bank. The court issued another bench warrant for Ward. The latter is still in custody in Ludlow street jail under another indictment.
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VIRGINIA NEWS. The Conference of School Superintendents in session in Richmond are in favor of paying school trustees a per diem. The conference also adopted a resolution memorializ ing Congress to pass the Blair educational bill now before the House of Representa. tives. Mr. John Pad. Reumond, for many years a prom inent business man of Norfolk, died yesterday after a lingering illness. He was sixty-eight years of age, a native of the New England States, but had resided in Norfolk since his early manhood. He was prominently identified with Masonry, being a Knight Templar and a thirty second degree Mason. The Auditor of the State has declined to accept coupons in payment of taxes in compliance with the decision rendered by Judges Bond and Hughes, of the United States Circuit Court, at Norfolk. His reasons for refusing to do 80 are that he has not yet been served with the order of the court, and because a law of the State requires that all revenues shall be paid into the banks designated as State depositories. In the Hustings Court of Petersburg yesterday, Judge E. M. Mann handed down his opinion in the case of the suit of the State of Virginia against the Planters and Mechanics' Bank, and as it appears from the opinion that no suspending order wasasked by counsel for the State, no appeal will be taken to the Supreme Court of Appeals. The trustees of the bank will execute the order of the court as soon as practicable, probably within the next thirty days. The trustees have on hand about $90,000, which is sufficient to pay a dividend of 22 per cent. to the creditors.
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The Petersburg-Bank Case. [By telegraph to the Dispatch.] PETERSBURG, Feb. 12, 1885. In the Hustings Court to-day Judge Mann handed down his opinion in the case of the suit of the State of Virginia against the Planters and Mechanics Bank, and as it appears from the opinion that no suspending order was asked by the counsel for the State, no appeal will be taken to the Supreme Court of Appeals. The trustees of the bank will execute the order of the Court as soon as practicable-probably within the next thirty days. The trustees have on hand about $90,000, which is sufficient to pay a dividend of 22 per cent. to the creditors.
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MERCANTILE COLLAPSES. Dun & Co.'s Report Affected by the Storm in the West. NEW YORK, Feb. 13.-The business failures throughout the country occurring during the last week, as reported to the mercantile agency of R. G. Dun & Co., number for the United States 239 and for Canada 31, a total of 270, against 346 last week and 354 the week previous. This large decrease is probably more apparent than real. Railroad and telegraphic communication in the West and Northwest has been so much interrupted by snow that doubtless many failures in remote localities have not been reported. FICTITIOUS PREFERENCES ALLEGED. Judge Ingraham, in the Superior Court to-day, rendered a decision, holding that the assignment of F. Mayer & Co. is null and void. The firm, which did a large wholesale clothing business in White street, was composed of Ferdinand and Benjamin Mayer, father and son. The firm failed in September, 1884, for over $2,000,000 and their actual assets were about $1,000,000. Both members of the firm have since been indited for perjury and are now out on bail. The assignment is set aside on the ground of the assignors having made fictitious preferences. A STORE CLOSED. YAZOO CITY, MISS., Feb. 13.-The store of Holmes & Fowler, general merchants, has been closed by attachment and a receiver appointed. The liabilities are $5,000. The assets are ample but not immediately available. THE 22 PER CENT. DIVIDEND. PETERSBURG, VA., Feb. 13.-The trustees of the defunct Planters and Mechanics' Bank will commence tomorrow the payment of the first dividend to the creditors of the bank. s dividend of 22 per cent. is to be paid to all who have proved their claims before the commissioners appointed by the court.
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CONDENSED TELEGRAMS. The Mayor of Collingwood, Ont, has volunteered to raise a colored regiment for active service in the Soudan. At Portland, Ore., three Senatorial ballote were taken yesterday. Hirsch received 29, a gain of 1; George received 14, Boise, 7. The trustees of the Petersburg, Va., defunct Planters' and Mechanics' Bank, to-day paid the depositors a dividend of 22 per cent. The trains on the Obio and Mississippi Railroad have been and are now running regularly on schedule time. No snow blockade on the road. James Kane, of Philadelphia, who was recently convicted of shooting and killing his brother, was brought into court yesterday and sentenced to death. The final match between the Montreal and Ottawa Curling Clubs, for the Governor General's medal, took place yesterday, Ottawa winning by four goals. Francis Baum, arrested at London, Ontario, on a charge of Jorgery committed at Dallas. Tex., has been remanded until Saturday next to allow of witnesses from Dallas. The new flint glass factory of King, Son & Co., of Pittsburg, which is the largest in the country, will start up on Monday. giving employment to over 250 men. Natural gas will be used exclusively.