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ANOTHER COLLAPSE. It is no pleasure for us to chronicle the misfortunes of others. We have no desire to exalt over them. But the daily papers grossly misrepresent existing conditions; and do it, for unworthy motives, to-wit: to show that the destruction of one-half the metallic money of the world may be followed by prosperity. Hence we feel that the truth should be known. It really looks as if another panic was near at hand. Read these items: Sailsbury, Mo., July 30.-The Bank of Salisbury closed its doors this morning The shortage is unknown. Cleveland, Aug. 1.-The Bedford Chair Company, of which ex-Congressman A. V Taylor is president, made an assignment today to Solomon S. Drake, of Bedford. Assets, $85,000; liabilities, $55,000. Later Mr. Taylor made a personal assignment for the benefit of his creditors. Liabilities and assets are not stated. Rockford, III., July 31.-John Farson, of Chicago, was today appointed receiver for the West End Railway Company on foreclosure proceedings instituted by the Title Guarantee and Trust Company, of Chicago. Its capital stock was $75,000. Ironton, Ohio July 31.-W. L. Bickmore, dry goods dealer, has assigned to Lot Davis. The assets, $25,000; the liabilities, $20,000. Local banks and Eastern dry goods firms are the principal creditors. Des Moines, Iowa, July 31.-The Des Moines Equalizer Company, manufacturers of fertilizer, made an assignment today for the benefit of creditors to James Belangee. The assets are $10,000, the liabilities $12,000. Louis F. Lyons, wholesale liquor dealer, failed today. The sheriff took possession of the stock on his landlord's attachment in favor of W. G. Gruss. The liabilities are not given. Pittsburg, Pa., July 31.-The Hamilton Savings Fund and Loan Association, with a capital stock of $30,000,000, was closed today by the state bank examiners and the Union Trust Company of this city placed in charge as temporary receivers. The liabilities, according to the officers of the association, are but $9,000 and the assets $11,000. The association is a national concern but the depositors are believed to be all local people, mostly workingmen. The books show about 1,000 shareholders. Denver, Colo., July 30.-Joseph T. Talbert, national bank examiner for the district of Colorado, arrived in Denver today and took charge of the affairs of the Union National Bank. It is thought the examiner will be in a position to pay a considerable dividend to depositors at the end of eight or nine days. There was upwards of $100,000 cash in the vaults when the doors were closed yesterday, and in addition a considerable sum is due from other banks, which will of course be collected. It is stated with emphasis that the bank will pay dollar for dollar without having to make a levy on stockholders. The city has $25,008 in the bank, the county about $7,000 and the state about $50,000. San Francisco, July 31.-A local paper says the Central Pacific railroad company has temporarily avoided a receivership by making arrangements with the foreign bondholders to extend the time of payment on the bonds now due three years. This transaction is made to explain the action of the board of directors in declaring a dividend of 1½ of 1 per cent this month. Sir Rivers Wilson, the representative of the English stockholders, is said to have engineered the deal, when he visited this country a few months ago, by harmonizing the differences existing between the stockholders and the bondholders. Blair. Neb., July 31.-The hardware house of J. H. Stewart was closed at noon today by the Blair State Bank, which has virtually carried the business for some time. The failure is estimated at between $40,000 and $50,000. A warrant was also issued this afternoon for the arrest of J. H. Stewart, charging him with forgery. He some time since got $4,000 from Charles McNemy and gave a note upon which the name of Grant Stewart appeared. Grant now claims that it is not his signature. The failure is not altogether a surprise to the Blair people, as it has been known for a year past that its financial affairs were somewhat mixed. J. H. Stewart will probably not go to jail as it is more than likely that he can give a satisfactory bond. West Superior, Wis., July 27.-(Special.)-The directors of the Superior National Bank today decided to go into liquidation and President Alvord was directed to turn the assets and business of the bank over to the National Bank examiner. The bank has never recovered from the shock of the Cadwalder aflair three years ago,and Mr. Alvord has not been able in the face of the continued depression to put it on a paying basis. The statement prepared in response to the call for statements from the National banks made July 11 shows that the bank has ample margin to liquidate its liabilities. It is expected that the bank exam-
