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BANK FAILS At Cleveland as the Result of Long Run On Its Currency. CLEVELAND, O., July 17-Owing to a long continued run which gradually depleted the vault of its currency, the Farmers and Merchants Banking Company failed to open its doors this morning. Later a deed of assignment was filed and a receiver appointed. The assets and liabilities are each $500,000. It is said the securities, when realized upon, will be sufficient to pay all depositors in full.
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CLEVELAND BANK CLOSED. Cleveland, O., July 17.-Owing to a run that gradually drained its vault of currency, the Farmers' and Merchants' Banking company, failed to open its doors this morning. Later a deed of assignment was filed in the insolvency court, and Edward S. Purney was appointed receiver. The bank was capitalized at $100,000. The assets and liabilities are each estimated to be about $500,000.
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Run Results In Failure. Cleveland, O., July 17.-The Farmers and Merchants' Banking company of this city closed its doors Friday. Liabilities and assets are each estimated at about $800,000. Failure was caused by a run that gradually depleted the vault of its currency. A deed of assignment was filed in the insolvency court and Edward S. Spurney appointed receiver The bank is capitalized at $100,000.
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Owing to a run that gradually drained its vault of currency the Farmers and Merchants' Banking Company, at Cleveland, o., failed to open its doors yesterday. Later a deed of assignment was filed. The bank W83 capitalized at $100,000. The assets and liabilities are each estimated to be about $500,000.
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Run Results In Failure. Cleveland, O., July 18.-The Farmers and Merchants' Banking company of this city closed its doors Friday. Liabilities and assets are each estimated at about $800,000. Failure was caused by a run that gradually depleted the vault of its currency. A deed of assignment was filed in the insolvency court and Edward S. Spurney appointed receiver. The bank is capitalized at $100,000.
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FARMERS' BANK FAILS CLEVELAND, Ohio, July 17.-Owing to a run that gradually depleted the vaults of currency the Farmers' and Merchants' banking company, at 3837 West Twenty-fifth street, failed to open its doors this morning. Later a deed of assignment was filed in the insolvency court and Edward S. Spruney was appointed receiver. The bank was capitalized at $100,000. The assets and liabilities are each estimated to be about $500,000.
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CLEVELAND BANK CLOSED. Cleveland, O., July 17.-The Farmers and Merchants' bank closed its doors today. The liabilities and assets are each $500,000. The failure of the bank is said to be due to inability to realize on loans and a continued run.
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BANK FAILS At Cleveland as the Result of Long Run On Its Currency. CLEVELAND, O., July 17-Owing to a long continued run which gradually depleted the vault of its currency, the Farmers and Merchants Banking Company failed to open its doors this morning. Later a deed of assignment was filed and a receiver appointed. The assets and liabilities are each $500,000. It is said the securities, when realized upon, will be sufficient to pay all depositors in full.
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Cleveland, O., Bank Suspends. Cleeland, O., July 17-The Farm ers and Merchants Banking company at No. 3837 West Twenty-fifth street, closed its doors Friday. The liabilities and assets are each estimated to be rhout $800,000. The failure is said to have been due to the inability of the bank to realize upon loans.
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FINANCIAL Jan. 2-State Bank, Rockyford, Col., closed doors. 6-Four big New York diamond firms forced into trustee's hands; liabilities, $4,500,000. 8-Chicago Great Western railroad JOHN placed in hands of receivers. ROCKEFELLER 16-Western Bank and Trust Co., Dallas, Tex., largest Texas saving bank, placed in receiver's hands. 18-John R. Walsh, president Chicago National bank and several railroads, convicted of misappropriating institution's funds. 21-Capital State Bank, Boise, Idaho, suspended. 22-Traders and Mechanics' Bank, Pittsburg, Pa., closed doors. 25-National Bank of North America, New York, closed for liquidation, by order of government. 29-New Amsterdam National bank, capital $1,000,000, and Mechanics and Traders' bank, both of New York, taken in charge by comptroller of currency. 31-Oriental Bank of New York closed doors, following run. Feb. 13-W. B. Ridgely, comptroller of currency, accepted presidency of reorganized National Bank of Commerce, Kansas City, Mo. 26-International and Great Northern Railroad Co., a Gould line, placed in receivers' hands. 27-Financiers E. R. Thomas and O. F. Thomas indicted on charge of mismanagement of funds of Provident Savings Life Assurance society. Mar. 13-John R. Walsh denied new trial; sentenced to five years in federal prison. 16-People's National bank, Aspin, Col., closed. Apr. 1-Pike County Bank and Trust Co., Macomb City, Miss., placed in receiver's hands. 21-Bank of Wauseon, Wauseon, O., closed doors. 24-T. A. McIntyre & Co., with houses in many cities, failed for $1,000,000. May 8-Euclid Avenue Trust Co., Cleveland, O., assigned. 14-Reserve Trust Co., and American Savings bank, Cleveland, O., closed their doors. 28-G. W. MacMillen & Co., Pittsburg, Pa., stockbrokers, failed; liabilities, Jun. $1,800,000. 3-Kosciusko Company bank, Warsaw, Ind., closed by state auditor. 23-Citizens' bank, Dover, Ky., closed Jul. doors. -National Deposit bank, Philadelphia, Pa., closed by comptroller of cur17-Farmers rency. and Merchants' Banking Co., Cleveland, O., failed. 22-Standard Oil $29,240,000 fine dectsion unanimously reversed by United States court of appeals at ChiAug. engo. 6-First National bank, Belle Plaine, Minn., closed by order comptroller of currency; bank was insolvent; President J. G. Lund committed suicide. 25-A. O. Brown & Co., one of largest New York brokerage firms, failed; liabilities over $1,000,000. Sep. 10-A. Booth & Co., largest fish house in country, forced into receiver's Oct. hands. 16-Union National bank, Sommerville, Pa., closed by government. Nov. 5-Charles W. Morse and Alfred H. Curtis, great financiers, found guilty of misapplication of funds and falsifying books of National Bank of America, New York. 6-C. W. Morse sentenced to 15 years; Curtis given liberty on suspended sen23-Eldred tence. bank of Eldred, Pa., suspended; capital stock, $100,000. Dec. 7-National exchange bank at Springfield, Mo., closed; excitement caused by effort of W. O. Oldham, cashier of State Savings bank, to shoot President H. B. McDaniel, of Union National bank. 11-Springport, Mich., State Savings bank closed by bank examiner. 16-Somersworth, N. H., First National bank closed, following discovery of shortage of $85,000. 23-Thomas F. Ryan announced retirement from finance. 26-Henry W. Poor, New York broker, assigned for creditors.
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Texas saving bank, placed in receiver's hands. 18—John R. Walsh, president Chicago National bank and several railroads, convicted of misappropriating institution's funds. 21—Capital State Bank, Boise, Idaho, suspended. 22—Traders and Mechanics' Bank, Pittsburg, Pa., closed doors. 25—National Bank of North America, New York, closed for liquidation, by order of government. 29—New Amsterdam National bank, capital $1,000,000, and Mechanics and Traders' bank, both of New York, taken in charge by comptroller of currency. 31—Oriental Bank of New York closed doors, following run. Feb. 13—W. B. Ridgely, comptroller of currency, accepted presidency of reorganized National Bank of Commerce, Kansas City, Mo. 26—International and Great Northern Railroad Co., a Gould line, placed in receivers' hands. 27—Financiers E. R. Thomas and O. F. Thomas indicted on charge of mismanagement of funds of Provident Savings Life Assurance society. Mar. 13—John R. Walsh denied new trial; sentenced to five years in federal prison. 16—People's National bank, Aspin, Col., closed. Apr. 1—Pike County Bank and Trust Co., Macomb City, Miss., placed in receiver's hands. 21—Bank of Wauseon, Wauseon, O., closed doors. 24—T. A. McIntyre & Co., with houses in many cities, failed for $1,000,000. May 8—Euclid Avenue Trust Co., Cleveland, O., assigned. 14—Reserve Trust Co., and American Savings bank, Cleveland, O., closed their doors. 28—G. W. MacMillen & Co., Pittsburg, Pa., stockbrokers, failed; liabilities, $1,800,000. Jun. 3—Kosciusko Company bank, Warsaw, Ind., closed by state auditor. 23—Citizens' bank, Dover, Ky., closed doors. Jul. 14—National Deposit bank, Philadelphia, Pa., closed by comptroller of currency. 17—Farmers and Merchants' Banking Co., Cleveland, O., failed. 22—Standard Oil $29,240,000 fine decision unanimously reversed by United States court of appeals at Chicago. Aug. 6—First National bank, Belle Plaine, Minn., closed by order comptroller of currency; bank was insolvent; President J. G. Lund committed suicide. 25—A. O. Brown & Co., one of largest New York brokerage firms, failed; liabilities over $1,000,000. Sep. 10—A. Booth & Co., largest fish house in country, forced into receiver's hands. Oct. 16—Union National bank, Sommerville, Pa., closed by government. Nov. 5—Charles W. Morse and Alfred H. Curtis, great financiers, found guilty of misapplication of funds and falsifying books of National Bank of America, New York. 6—C. W. Morse sentenced to 15 years; Curtis given liberty on suspended sentence. 23—Eldred bank of Eldred, Pa., suspended; capital stock, $100,000. Dec. 7—National exchange bank at Springfield, Mo., closed; excitement caused by effort of W. O. Oldham, cashier of State Savings bank, to shoot President H. B. McDaniel, of Union National bank. 11—Springport, Mich., State Savings bank closed by bank examiner. 16—Somersworth, N. H., First National bank closed, following discovery of shortage of $85,000. 23—Thomas F. Ryan announced retirement from finance. 26—Henry W. Poor, New York broker, assigned for creditors.