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national
398a1ebc832cee81Accommodated withdrawals, Borrowed from banks or large institutions, Fed/other loan, Full suspension
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Two Banks Suspend. Special to the Globe. DEADWOOD, S. D., July 11.-The Bank of Sundance, Wyo., and the Bank of New Castle, Wyo., were compelled to close their doors today. It is said the banks will resume business shortly. A frightened depositor caused a run on the banks at a time when most of their money was outstanding. Depositors will be paid in full.
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THE WEEK'S NEWS. Wednesday, July 12. Corbett and Jackson have agreed to meet in June, 1894. The Terre Haute (Ind.) Car Works company is in financial trouble. Banke at Sundance and New Castle, Wy., have been compelled to suspend. The Lake Superior Mineral Paint works at West Superior burned Tuesday. Damage, $100,000. Kansas miners have determined to continue their strike. It is said Governor Lewelling will furnish them with tents to live in. A meeting of the executive committee of the Iron Hall was held at Indianapolis. It was determined to resume business as soon as possible. One million bushels of grain came to Kingston, Ont., from the West last week. The receipts were the largest ever received there in one week, and as a result many of the large grain carriers are lying there waiting to be unloaded.
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A BANK REOPENED. Cash from the East for the Sundance First National. Special Dispatch to the NEWS. SUNDANCE, Wyo., July 19.—The First National bank of Sundance closed its doors one day. Cash has now been received from the east and business is being transacted as usual.
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Todd M. Pettigrew has been sentenced to five years imprisonment in the Wyoming penitentiary for appropriating funds of the First National bank of Sundance to his own use, while cashier, thus causing its failure. He used the money to put in a system of water works at Sundance, which he expected to bond and then replace the money. But the panic came and he couldn't sell the bonds. Result: he is in prison. Moral: don't permit your public enterprise to tempt you speculate with other peoples money.
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Western News Notes. The Eads, Colorado, creamery has suspended operation in order to enlarge its capacity. The new coal bank opened at Clear mont, Wyoming, is said to produce fine quality of lignite. The treasuries of different counties of Wyoming are reported as being in excellent condition. 0 M. H. Smith, banker at Sterling, has been convicted of receiving deposits after his bank was insolvent. Mrs. Driscoll and her son, who were arrested for murdering Mary Driscoll t at Sterling, have been discharged h The J. B. Wheeler Banking Comh of Colorado sush last July, has depany pended City, paid which all its positors. n Loveland, Colorado, parties are a toll road to to extend it to t propose building thence Estes Park Middle and and North Parks. Carbon, Wyoming, people desire to y purchase the townsite from the Union it Pacific Railroad Company, which now owns the land the town stands on. e E. L. Gilbert, for ten years agent of the Wells Fargo Express Company at c Albuquerque has been arrested charged 8 with embezzling $2,000 from the company is e The Saguache reservoir contract was let to W. E. Dodge of Leadville n for $27,259 and DOW active preparat tions are being made for pushing the I work. Lamar suffered from a fire on the o 23rd. The European hotel and other st buildings were destroyed. The loss e amounted to $7,500 with insurance of e $4,650. t Lincoln county, New Mexico, cattle and horse men have called a meeting S at Lincoln to organize for protection d against sheep herders' invasion from S Texas. f Lander, Wyoming, reports a rich e strike of gold in the Burr mine at r Lewiston. Forty tons of gold quartz has been taken out,yielding from $500 d to $5,000 ton. Four tough Chinamen went into the Methodist Chinese Sunday at Denver last e furious on two Trinity School made a onslaught they Sunday had and Chinamen against whom d grudge. The teachers participated and their lives were saved. f n Johnson county, Wyoming, oil lands are being rapidly entered by e Omaha parties. Last week ninetyy seven entries were recorded, conveyy ing 15,000 acres of oil land in that st county. Johnson county will some day be an immense oil field. is A large number of elk and several of deer and e of wolves, y last week. a by herds pack antelope, invaded The deep snows Bonanza, followed out n is up. were where drove Wyoming, feed them covered of the mountains, They so tame that people shot them down K by wholesale. 6The jury in the United States Court a at at ex-postmaster Cheyenne acquitted Cheyenne, William of Masi, the of of in funds which were rs in the at the postoffice charge Cheyenne having National embezzled bank deposited $1,335 rk time that institution suspended d Wages have been voluntarily raised g at the Ruby -Anthracite coal mine in Gunnison county, Colorado, from 60 I 75 cents ton. The miners are agree is or ably surprised. The company found that it pays better to employ experiW enced miners than to use cheaper la ay bor. p The lumbermen of Colorado, Wy ly is oming and New Mexico met in annual session in Denver on the 23rd. The he et morning was devoted to routine business. Officers were elected as follows: eR. W. English, president; Samuel d, Merrill of Cheyenne, vice president; R. W. Stewart, secretary and treas r urer. oie A colony from Eaton, Colorado, has npurchased potato land north of Chey. ed enne, Wyoming, of the Wyoming De ad velopment Company and will irrigate nd and plant extensively during the enn, suing season. to In the United States court at Chey al enne, Todd M. Pettigrew, of Sundance, Crook county, pleaded guilty to the n charge of embezzlement, and was send tenced to a term of five years in the penitentiary. Pettigrew was the cash is ier of the First National bank of Sun rs dance on the fourth of October last, he when that institution was closed by the bank examiner. The book: a This . national showed $19,000. that Pettigrew money he of owed had the expend works bank ed in buiding a system water as for the city with the expectation of rece alizing on the bonds which the city ch voted. The slump in the money mar on ket stopped all negotiations for the st the bonds, and Pettigrew was e, to skeet his Mr. h has the the sale Pettigrew unable of obligations. sympathy of community is his
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ARRESTED FORGERY. How Dishonest Acts Were Traced to Banker Stebbins. CHEYENNE, WYO., Sept. 13.-W. R. Stebbins of Kansas City., Kans., connected with banking firms in New York, Kansas City, South Dakota, Montana and Wyoming, was arrested here to-day charged by the receivers of the First National Bank of Sun Dance, Wyo., with forgery. It is alleged that Stebbins owned a block of stock in the Sun Dance bank and transferred it in order to conceal his ownership, and to secure to the dividends he forged the name of the supposititious owner of the stock to a power of attorney giving a third party power to draw dividends and vote the stock. Later on, when the bank failed and stockholders were assessed for the benefit of creditors, an investigation revealed the forgery. Stebbins was taken to Sun Dance for a hearing.
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A Banker's Arrest for Forgery. Deadwood, S. I., Sept. 19.-Banker W. H. Stebbins, of Kansas City, who was 21. rested at Chezenne last Saturlav, charged with forgery in connection with the receivership of the Bank of Sun Dance, Wyo., was brought to Sun Dance. where he had a hearing before Court Commissioner Nicholis and was discharged. It is said the charre of forgery was trumped up by Receiver Adams, and that it has all the appearance of an attempt to black. mail. Stebbins is connected with a string of banks extending from Kansas City to Cheyenne, the Black Hills, Montana and the Pacific coast.
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TRUMPED UP CHARGE A Kansas City Banker Arrested for Forgery DEADWOOD, S. D., Sept. 19.-Banker W. H. Stebbins of Kansas City, who was arrested at Cheyenne last Saturday charged with forgery in connection with the receivership of the bank of Sun Dance, Wyoming. was brought to Sun Dance, where he had a hearing before Court Commissioner Nichols and was discharged. It is said the charge of forgery was trumped up by Receiver Adams and that it has all the appearance of an attempt at blackmail. Stebbins is connected with a string of banks extending from Kansas City to Cheyenne, the Black Hills, Montana and the coast.
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ALLEGED BLACKMAIL. DEADWOOD, S. D., Sept. 19.-Banker W. H. Stebbins, of Kansas City, who was arrested at Cheyenne last Saturday, charged with forgery in connection with the receivership of the Bank of Sundance, Wyo., was brought to Sundance, where he had a hearing before Court Commissioner Nichols and was discharged. It is said the charge of forgery was trumped up by Receiver Adams and that it has all the appearance of an attempt to blackmail. Stebbins is connected with a string of banks extending from Kansas City to Cheyenne, the Black Hills, Montana and the coast.
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A Rogue's Charge. ST. PAUL, Minn., Sept. 20-A special to the Pioneer Press from Deadwood, S. D., says: Banker W. H. Stebbens of Kansas City, who was arrested at Cheyenne, charged with forgery in connection with the receivership of the bank of Sun Dance, Wy., was brought to Sun Dance, where he had a hearing before court commissioner Nichols, and was discharged. It is said that the charge of forgery was trumped up by receiver Adams. Stebbens is connected with a string of banks extending from Kansas City to the coast.
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who was arrested at Cheyenne last Saturday, charged with forgery in connection with the receivership of the Bank of Sundance, Wyo., was brought to Sundance where he had a hearing before Commissioner Nichols and was discharged. It is said the charge of forgery is trumped up by Receiver Adams, and that it has all the appearance of an attempt to black-mail. Stebbins is connected with a string of banks, extending from Kansas City to Cheyenne, the Black Hills, Montana and the coast.
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# NOT A FORGER. Banker Stebbins of South Dakota Dis-charged From Custody. DEADWOOD, S. D., Sept. 21.-Banker W. H. Stebbins of Kansas City, who was arrested at Cheyenne a week ago, charged with forgery in connection with the receivership of the First National bank of Sun Dance, Wy., was brought to Sun Dance, where he had a hearing before Court Commissioner Nichols and was discharged. The charges of forgery were trumped up. Stebbins is connected with a string of banks extending from Kansas City to Cheyenne, the Black Hills, Montana and the coast.
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STEBBINS RELEASED. The Kansas City Banker Not Held-A Damage Suit May Result. CHEYENNE, Wyo., Sept. 23.-W. R. Stebbins, the Kansas City banker arrested on a charge of forgery preferred by the receiver of the First National bank of Sun Dance, has been released on a writ of habeas corpus by Commissioner Nicholl's, who decided that the charge of orgery was not sustained.® Mr. Subbins says his aitorney advised him that the action of the receiver was malicious and a damage suit against him for $50,000 will follow.
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# The South Dakota Banker Not Guilty of Forgery. Deadwod, S. D., Special.-Banker W. H. Stebbins of Kansas City, who was arrested at Cheyenne last Saturday charged with forgery in connection with the receivership of the First National Bank of Sun Dance, Wyo., was brought to Sun Dance, where he had a hearing before Court Commissioner Nichols and was discharged. The charges of forgery were trumped-up. Stebbins is connected with a large number of banks extending from Kansas City to Cheyenne, the Black Hills, Montana and the coast.
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BROKEN BANK WILL OPEN AGAIN, Union National of New York, La., is Now in " Solvent Condition. WASHINGTON, Dec. 7.-The Union National bank of New York, La., which suspended payment September 9, 1896, complied with all the conditions imposed by the comptroller of the currency precedent to resumption, is now in a solvent condition and has been permitted to reopen its doors for business. The comptroller of the currency has da. clared dividends in favor of insolvent na. tional banks as follows: Ten per cent. the First National bank of Sundance, Wyo., & per cent, the Commercial National bank of Nashville, Tenn.