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A Missouri Bank Feels the Effect. ST. JOSEPH, Mo., May 14.-The State Savings Bank of this city suspended and assigned to-day. C. B. France, President, makes a statement to the effect that the bank is intimately connected with Donnell, Lawson & Simpson, of New York, and has been for a long time a large depositor in the New York National Bank, which suspended to-day, thereby necessitating a suspension. Mr. France further states that they hope to resume in a few days.
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A Missouri Savings Bank Assigns. ST. JOSEPH, Mo., May 14.-The State Savings Bank assigned today. C. B. France, president, states that the bank is intimately connected with Donnell, Lawson & Simpson. and the suspension was made upón the receipt of a telegram from Donnell, Lawson & Simpson advising such action.
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A WESTERN BANK CLOSED. Suspension of a St. Joseph, Mo., House-The Cause of the Trouble. ST. JOSEPH, Mo., May 13.-The State Savings Bank, of this city, suspended and assigned today. C. B. France, the president, makes a statement to-night, which will be published to-morrow, to the effect that the bank was intimately connected with Donnell, Lawson & Simpson, of New York, and had been for a long time large depositors in the New York national bank which suspended to-day, thereby necessitating the suspension of Donnell, Lawson & Simpson. "Our suspension was made upon receipt of a telegram from this firm informing us of their failure, and advising us to close in order to protect our depositors." Mr. France further states that the bank hopes to resume in a few days. Its affairs here are in good condition, with no local embarrassment or losses. The assests are intact and available. The bank officers they say are fully protected in New York, and that they will pay all depositors and stockholders in full and leave its surplus intact.
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A Word from St. Joe. ST. JOSEPH, May 14-The State Savings bank of this city suspended and assigned to-day. C. B. France, president, makes a statement to-night, which will be published to-morrow to the effect that the bank was intimately connected with Donnell, Lawson & Simpson, of New York, and who had been for a long time large depositors in the New York National bank, which suspended to-day, thereby necessitating the suspension of Donnell, Lawson & Simpson. "Our suspension was made upon the receipt of a telegram from this firm informing us of their suspension, and directing as to close in order to protect our depositors." Mr. France further states: "We hope to resume in a few days. Our affairs here condition a in are good with no local iembarrassment or losses. Our assets are intact and available. It is our belief that Donnell, Lawson & Simpson will resume very soon and that we are fully protected in New York and will pay all depositors and stockholders in fall and leave our surplus intact.
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ST. JOSEPH, MO. ST. JOSEPH, May 14.-The State Savings bank of this city suspended and assigned to-day. C. B. Grover, the president, makes a statement to-night, which will be published to-morrow, to the effect that the bank was intimately connected with Donnell, Lawson & Simpson of New York, and has been for a long time a large depositor in the New York national banks which suspended to-day, thereby necessitating suspension. One suspension was made upon receipt of a telegram from the firm of Donnell, Lawson & Simpson, informing us of their suspension and directing us to close in order to protect our depositors. Mr. France further states: "We hope to resume in a few days. Our affairs here are in good condition, with no local embarrassment or losses. Our assets are intact and available. It is our belief that Donnell. Lawson & Simpson will resume very soon, and that we are fully protected in New York, and will pay all depositors and stockholders in full, and have our surplus intact."
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agyed BALLOTS. Rev. Dr. Trimble in a few moments came into the hall and stated that by some miatake the ballots became mixed with others. A large number of delegates had left the hall, but those present insiated on another vote being taken, which was done, and the conference took a recess. The bishop announced the result of the fifth bullet for a fourth bishop as follows: Whole number of votes cast 366; necessary to a choice, IS4; Rev. C. H. Fowler, D. D., 212; Rev. J. H. Vincent, D. D., 135. Dr. Fow!er was therefore elected. Thin completes the number of new bishops. At St. Josepa, Kissouri. Sr. JOSEPH, Mo., May 15.-A better feeling prevailed here to-day, and it is generally believed the worst of the panic is over, The banks opened their doora a litde earlier than usual this morning, and have met the demand of depositore, besides doing the usual discount business. There was no perceptible run on any bank. The bankers and business men are unanimous in the opinion that the State Savings bank was in a good condition and would not have failed had it not been dragged down by its intimate New York connections. It is confidently believed it will pay dollar for dollar. The T. A. Richmond Medical Company, whose assignment has been announced, had a contract with the Hubbard Advertising agency for advertising to the amount of $10,000 and the contract provides that Winson Judson, an attorney of this city, should have the contract of the business here to secure the payments. Mr. Judson was called to New York a few days ago and in his absence Richmond assigned. Mr. Hubbard telegraphed from New York to-day that Judson says Richmond's assignment is ridiculous, and was done without his knowledge. He further says his claim of less than $40,000 is fully secured by goods in New York and California, and the other liabilities do not exceed $40,000.
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Fisk & Hatch; Donnell, Lawson & Simpson, and several other New York brokers have failed this week. Among the consequences is the suspension of the Bank of Kansas City, and the State Savings Bank at St. Joseph. It is not thought, however, that the Missouri banks generally will be at all shaken, as their reports of April 15th show them in a better condition than ever before.
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Failures of a Week. There were 187 failures and suspensions in the United States reported to Bradstreet's during the week ending the 17th against 132 in the preceding week, and 166, 116 and 88 in the corresponding weeks of 1883-82 and'81, respectively. About 72 per cent. were those of small traders whose capital was less than $5,000. The following were the important suspensions of banks, bankers and brokers the week: past during New York City, Fisk & Hatch, Hatch & Foote, Donnel, Lawson & Simpson, O. M. Bogart & Co., Hotchkiss, Burnham & Co., A. W. Dimack & Co., Nelson, Robinson & Co., H. C Hardy & Sons, Goffee & Randle; Brooklyn, Atlantic State bank; Newark, N. J., the Newark Savings institution; Boston, F. A. Hawley & Co.; Bradford, Pa., Whitney & Wheeler; Quincy, III.; Union bank; St. Joseph, Mo., State Savings bank; Tucson, Ariz., Hudson & Co.; Atlanta, Ga., John H. James. Among the other suspensions were the Northwestern Manufacturing and Car company of Stillwater, Minn.; Charles E. Young & Co., produce, Philadelphia, and Henry B. Mayo, Boston, canned goods.
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General News Items. Mason county, W. Va, is wild over rich tin finds. The state savings bank of St. Joseph, suspended and assigned. The S. A Richmond Medical company of St. Joseph, Mo., has gone up. Gen. McLaren of Minnesota, is acting secretary of the Republican national committee. Donnell, the New York banker, has $60,000 of property under attachments at St. Louis. The commission house of A. K. Sheppard & Co., doing business on the chamber of commerce Milwaukee suspended payment Haggerty & Sons, auctioneers of St. Louis, made assignment recently. Assets, $43,000; encumbered for $20,500. The liabilities of Emile Desmet of Moss Point, Ala, are $400,000. A mortgage of $150,000 to A. Carriere, New Orleans, covers all the assets. Judge D. J. Goodwin and Col. W. A. Swank of Norfolk desired to fight a duel, bnt a confidential friend informed the authorities and they were bonded to keep the peace. 0, F. Kindred and c. a. Parker of Minnesota all necessary preliminary preparefor embarking on an extensive scale in taining business, near Foraythe, Mont, have purchased a large tract of
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General News Items. Mason county, W. Va., is wild over rich tin finds. The state savings bank of St. Joseph, suspended and assigned. The S. A. Richmond Medical company of St. Joseph, Mo,, has gone up. Gen. McLaren of Minnesota, is acting secretary of the Republican national committee. Donnell, the New York banker, has $60,000 wf property under attachments at St. Louis. The commission house of A. K. Sheppard & Co., doing business on the chamber of commerce Milwaukee suspended payment. Haggerty & Lons, auctioneers of St, Louis, made assignment recently. Assets, $43,000; encumbered for $20,500. The liabilities of Emile Desmet of Moss Point, Ala., are $400,000. Amortgage of $150,000 to A. Carriere, New Orleans, covers all the assets. Judge D. J. Goodwin and Col. W. 4. Swank of Norfolk desired to fight a duel, but a confidential friend informed the authorities and they were bonded to keep the peace. C, F. Kindred and C. C. Parker of Minnesota have made all necessary preliminary prepara tions for embarking on an extensive scale in the cattle raising business, near Forsythe, Mont., where they have purchased a large tract of land for the purpose. W H. Mackney, who some time since bought the McKelvy bonanza farm in Minnesota, has just purchased forty acres of land in the southorn part of Grand Forks, Dakota, for $21,700. He intends to improve it at once and make it his future home. The Springfield Republican, which never tells a lie, and is neighbor to Ella Wheeler's new husband, says Wilcox, the husband, is the cheif salesman for Rogers, Smith & Co., the Meriden silver plate firm, and is not "very wealthy," as the dispatch made him, butis what the Meriden boys call "well fixed." Something of a panic was caused in Portland, Or., recently, by the suspension of the large Chinese firm of Gee Wah & Co. This firm has been engaged in the general merchandising business and contracting. All investigation of affairs shows that the total liabilities approximate $50,000, The assets are small. Mrs. Roger M. Sherman, eldest daughter of the late Gov. Bagley, obtained a decree of di-
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General News Items. Mason county, W. Va., is wild over rich tin finds. The state savings bank of St. Joseph, suspended and assigned. The S. A. Richmond Medical company of St. Joseph, Mo., has gone up. Gen. McLaren of Minnesota, is acting secretary of the Republican national committee. Donnell, the New York banker, has $60,000 of property under attachments at St. Louis. The commission house of A. K. Sheppard & Co., doing business on the chamber of commerce Milwaukee suspended payment Haggerty & Sons, auctioneers of St. Louis, made assignment recently. Assets, $43,000; encumbered for $20,500. The liabilities of Emile Desmet of Moss Point, Ala, are $400,000. A mortgage of $150,000 to A. Carriere, New Orleans, covers all the assets. Judge D. J. Goodwin and Col. W. A. Swank of Norfolk desired to fight a duel, but a confidential friend informed the authorities and they were bonded to keep the peace. C, F. Kindred and C. C. Parker of Minnesota have made all necessary preliminary preparations for embarking on an extensive acale in the cattle raising business, near Foraythe, Mont, where they have purchased a large tract of land for the purpose. W H. Mackney, who some time since bought the McKelvy bonanza farm in Minnesota, has just purchased forty acres of land in the southern part of Grand Forks, Dakota, for $21,700. He intends to improve it at once and make it his future home. May 14, R. H. Cowgill, editor of the Lebanon, Mo., Sentinel, was brought before United States Commissioner Scott and examined on a charge of sending obscene literature through the mail He was bound over in the sum of $500 for his appearance at the September term of court at Jefferson City. The Springfield Republican, which never tells a lie, and is neigh bor to Ella Wheeler's now
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Failures of a Week. There were 187 failures and suspensions in the United States reported to Bradstreet's during the week ending the 17th against 132 in the preceding week, and 166, 116 and 88 in the corresponding weeks of 1883-82 and'81, respectively. About 72 per cent. were those of small traders whose capital was less than $5,000. The following were the important suspensions of banks, bankers and brokers during the past week: New York City, Fisk & Hatch, Hatch & Foote, Donnel, Lawson & Simpson, O. M. Bogart & Co., Hotchkiss, Burnham & Co., A. W. Dimack & Co., Nelson, Robinson & Co., H. C Hardy & Sons, Goffee & Randle; Brooklyn, Atlantic State bank; Newark, N. J., the Newark Savings institution; Boston, F. A. Hawley & Co.; Bradford, Pa., Whitney & Wheeler; Quincy, III.; Union bank; St. Joseph, Mo., State Savings bank; Tucson, Ariz., Hudson & Co.; Atlanta, Ga., John H. James. Among the other suspensions were the Northwestern Manufacturing and Car company of Stillwater, Minn. ; Charles E. Young & Co., produce, Philadelphia, and Henry B. Mayo, Boston, canned goods.
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General News Items. Mason county, W. Va., is wild over rich tin finds. The state savings bank of St. Joseph, suspended and assigned. The S. A. Richmond Medical company of St. Joseph, Mo., has gone up. Gen. McLaren of Minnesota, is acting secretary of the Republican national committee. Donnell, the New York banker, has $60,000 of property under attachments at St. Louis. The commission house of A. K. Sheppard & Co., doing business on the chamber of commerce Milwaukee suspended payment. Haggerty & Sons, auctioneers of St. Louis, made assignment recently. Assets, $43,000; encumbered for $20,500. The liabilities of Emile Desmet of Moss Point, Ala., are $400,000. A mortgage of $150,000 to A. Carriere, New Orleans, covers all the assets. Judge D. J. Goodwin and Col. W. A. Swank of Norfolk desired to fight a duel, but a confidential friend informed the authorities and they were bonded to keep the peace. C, F. Kindred and C. C. Parker of Minnesota have made all necessary preliminary preparations for embarking on an extensive scale in the cattle raising business, near Forsythe, Mont, where they have purchased a large tract of land for the purpose. W H. Mackney, who some time since bought the McKelvy bonanza farm in Minnesota, has just purchased forty acres of land in the southern part of Grand Forks, Dakota, for $21,700. He intends to improve it at once and make it his future home. May 14, B. H. Cowgill, editor of the Lebanon, Mo., Sentinel, was brought before United States Commissioner Scott and examined on a charge of sending obscene literature through the mails. He was bound over in the sum of $500 for his appearance at the September term of court at Jefferson City. The Springfield Republican, which never tells a lie, and is neighbor to Ella Wheeler's new
Click image to open full size in new tab
Failures of a Week. There were 187 failures and suspensions in the United States reported to Bradstreet's during the week ending the 17th against 132 in the preceding week, and 166, 116 and 88 in the corresponding weeks of 1883-82 and'81, respectively. About 72 per cent. were those of small traders whose capital was less than $5,000. The following were the important suspensions of banks, bankers and brokers during the past week: New York City, Fisk & Hatch, Hatch & Foote, Donnel, Lawson & Simpson, O. M. Bogart & Co., Hotchkiss, Burnham & Co., A. W. Dimack & Co., Nelson, Robinson & Co., H. C Hardy & Sons, Goffee & Randle; Brooklyn, Atlantic State bank; Newark, N. J., the Newark Savings institution; Boston, F. A. Hawley & Co. ; Bradford, Pa., Whitney & Wheeler; Quincy, Ill.; Union bank; St. Joseph, Mo., State Savings bank; Tucson, Ariz., Hudson & Co.; Atlanta, Ga., John H. James. Among the other suspensions were the Northwestern Manufacturing and Car company of Stillwater, Minn.; Charles E. Young & Co., produce, Philadelphia, and Henry B. Mayo, Boston, canned goods.
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General News Items. Mason county, W. Va., is wild over rich tin finds. The state savings bank of St. Joseph, suspended and assigned. The S. A. Richmond Medical company of St. Joseph, Mo., has gone up. Gen. McLaren of Minnesota, is acting secretary of the Republican national committee. Donnell, the New York banker, has $60,000 of property under attachments at St. Louis. The commission house of A. K. Sheppard & Co., doing business on the chamber of commerce Milwaukee suspended payment. Haggerty & Sons, auctioneers of St. Louis, made assignment recently. Assets, $43,000; encumbered for $20,500. The liabilities of Emile Desmet of Moss Point, Ala., are $400,000. A mortgage of $150,000 to A. Carriere, New Orleans, covers all the assets. Judge D. J. Goodwin and Col. W. A. Swank of Norfolk desired to fight a duel, but a confidential friend informed the authorities and they were bonded to keep the peace. C, F. Kindred and C. C. Parker of Minnesota have made all necessary preliminary preparations for embarking on an extensive scale in the cattle raising business, near Forsythe, Mont., where they have purchased a large tract of land for the purpose. W H. Mackney, who some time since bought the McKelvy bonanza farm in Minnesota, has just purchased forty acres of land in the southern part of Grand Forks, Dakota, for $21,700. He intends to improve it at once and make it his future home. The Springfield Republican, which never tells a lie, and is neighbor to Ella Wheeler's new husband, says Wilcox, the husband, is the cheif salesman for Rogers, Smith & Co., the Meriden silver plate firm, and is not "very wealthy," as the dispatch made him, butis what the Meriden boys call "well fixed." Something of a panic was caused in Portland, Or., recently, by the suspension of the large Chinese firm of Gee Wah & Co. This firm has been engaged in the general merchandising business and contracting. All investigation of affairs shows that the total liabilities approximate $50,000. The assets are small. Mrs. Roger M. Sherman, eldest daughter of the late Gov. Bagley, obtained a decree of di-
Click image to open full size in new tab
Failures of a Week. There were 187 failures and suspensions in the United States reported to Bradstreet's during the week ending the 17th against 132 in the preceding week, and 166, 116 and 88 in the corresponding weeks of 1883-82 and'81, respectively. About 72 per cent. were those of small traders whose capital was less than $5,000. The following were the important suspensions of banks, bankers and brokers during the past week: New York City, Fisk & Hatch, Hatch & Foote, Donnel, Lawson & Simpson, O. M. Bogart & Co., Hotchkiss, Burnham & Co., A. W. Dimack & Co., Nelson, Robinson & Co., H. C Hardy & Sons, Goffee & Randle; Brooklyn, Atlantic State bank: Newark, N. J., the Newark Savings institution; Boston, F. A. Hawley & Co.; Bradford, Pa., Whitney & Wheeler; Quincy, Ill.; Union bank; St. Joseph, Mo., State Savings bank; Tucson, Ariz., Hudson & Co.; Atlanta, Ga., John H. James. Among the other suspensions were the Northwestern Manufacturing and Car company of Stillwater, Minn.; PhiladelCharles E. Young & Co produce, phia, and Henry B. Mayo, Boston, canned goods.
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The Penn Bank Swindle. The Directors of the Penn Bank. of Pittsburg, made an assignment on Wednesday, 11 now appears that the " "deficiency" in the bank's accounts amounts to at least $1,200,000. The official statement of the aasignee of F. A. Hawley & Co.,the Boston bankers, who recently failed, shows an indebtedness of $342,568, and assets of $32,585. There are also contingent liabilities of $30,000. A meeting of about one hundred creditors of the State Savings Bank, of St. Joseph, Missouri, was held on Tuesday. The assignee's attorney assured the depositors that the institution would pay dollar for dollar.
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Failures of a Week. There were 187 failures and suspensions in the United States reported to Bradstreet's during the week ending the 17th against 132 in the preceding week, and 166, 116 and 88 in the corresponding weeks of 1883-82 and'81, respectively. About 72 per cent. were those of small traders whose capital was less than $5,000. The following were the important suspensions of banks, bankers and brokers during the past week: New York City, Fisk & Hatch, Hatch & Foote, Donnel, Lawson & Simpson, O. M. Bogart & Co., Hotchkiss, Burnham & Co., A. W. Dimack & Co., Nelson, Robinson & Co., H. C Hardy & Sons, Goffee & Randle; Brooklyn, Atlantic State bank; Newark, N. J., the Newark Savings institution; Boston, F. A. Hawley & Co.; Bradford, Pa., Whitney & Wheeler; Quincy, Ill.; Union bank; St. Joseph, Mo., State Savings bank; Tucson, Ariz., Hudson & Co.; Atlanta, Ga., John H. James. Among the other suspensions were the Northwestern Manufacturing and Car company of Stillwater, Minn; Charles E. Young & Co., produce, Philadelphia, and Henry B. Mayo, Boston, canned goods.
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The St. Joseph Bank Resumes. ST. LOUIS, June 21.-A special telegram from St. Joseph, Mo., says: "The State Savings Bank will resume business On Monday next. This is the bank that failed on account of the suspension of Donnell. Law oon & Simnson, who were large stocknolders in the concern."