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FAILURE IN MISSISSIPPI. Bank and Trust Company Concern of McComb City in Receivers' Hands. Jackson, Miss., April 1.-The Pike County Bank and Trust Company, of McComb City, capitalized at $100,000. was placed in the hands of receivers today. The depression in the lumber trade and curtailment of the working hours in the railroad shops, are assigned as the cause of the failure.
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TELEGRAPHIC BUSINESS NOTES. Roanoke Va. April -The Norfolk & Western Railway Company to-day officially announced that the Lynchburg Belt Line and connecting railway. extending from Concord, Va. west to Forest, Va., will be opened for traffic next Monday. Nashville, Tenn. April 1.-The Southern Railway and its allied lines to-day put on the 2 1/2 cent rate in Tennessee This rate will continue in operation for one year to test whether. or not it will prove profitable Sedalia. Mo., April .-The Missouri, Kansas & Texas Railway shops here, which closed recently, reepened to-day with a force of five hundred men. The local Missouri Pacific shops, which closed an February 20. throwing about four hundred men out of employment, are still closed. Jackson Miss. April The Pike County Bank and Trust Company. of McComb City, capitalized RE $100,000. was placed in the hands of receivers to-day Depression in the lumber trade and curailment of working hours in the railroad shops the assigned as the cause of the failure. Birmingham Ala. April -Effective to-day. a cut of 10 cents a ten in the scale paid miners is made by the furnace companies of Alabama The out affects all miners in Alabama except about 4.600 employed in union mines.
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Grand Jury Discharged. The gederal grand jury completed its duties yesterday when the final report was made to the court. One additional indictment, making two in all, was returned at this sitting of the jury. After thanking the jurors the court dismissed them. Among the out of town peopde at tending the court today are the Crail twins. attorneys, Crail & Crail, of Fairfield, Attorney L. W. Laughlin of Mt. Ayr. Sheriff H. W. Terrell and Deputy Sheriff M. W. Snethen of Ringgold county. Mississippi Bank Closes. Jackson. Miss.. April 1.-The Pike county bank and Trust company of McComb City, capitalized at $100,000. was placed in the hands of receivers today. Depression in the lumber trade and the curtailment of the working shops is assigned as the cause of the failure.
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A Mississippi Bank Fails. Jackson. Miss., April 1.-The Pike County Bank and Trust Company of McComb City, capitalized at $100.000 has been placed in the hands of receivers. George F. Bauer of Jackson and Thad. B. Tampson. of Magnolis, being named to take charge of its atfairs. It is said the creditors will probably receive eighty 'per cent. of their claims. Depression in the lumber trade and curtallment of working hours in the refireed shops are assigned as the cause of the failure.
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TRUST COMPANY FAILS. Jackson, Miss., April 1.-The Pike County Bank & Trust company of McComb City, capitalized at $100,000, was placed in the hands of receivers today.
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Cashier Short. McComb City, April -Ac- / cording to statements made by officers of the Pike County Bank and Trust Company, which was placed in the hands of receivers Tuesday, W. R. Caston, former cashier of the institution, is short between $30,000 and $35,000 in his accounts, according to the books of the bank. The friends of Caston claim that there has been no criminal intent involved in the shortage, but it is understood that the former cashier will be placed under arrest pending further investigation of the matter. Assurance is given that the depositors will be paid in full, but it will be impossible for the bank to reorganize and restime business.
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Bank Failure at McComb / Cashier Short $35,000. Jackson, Miss., April 1.-The Pike County Bank and Trust Company, of McComb City, was placed in the hands of receivers. George Bauer, of this city, and Thad Lampton of Magnolia, have been appointed to take charge of its affairs. The Bank was organized in 1904 with a capital stock of one hundred thousand dollars. H. B. Holmes is president. The failure was caused by depression in the lumber industry and the curtailment of working hours in the railroad shops at that place.
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GENERAL NEWS. New York university students went "on strike" as a result of the temporary suspension by the faculty of Albert Young, president of the junior class, following investigation of the ducking in the college "horse trough" of Harry Bloch, a freshman. Mary Green, aged 22, of New York, the daughter of a former sea captain, attired herself in all the finery she had planned to wear at her wedding at Easter time, and then committed suicide by gas asphyxiation: One man was burned to death and many houses destroyed by a prairie fire near Paxton, Neb. Gems and jewelry valued at $3,000 were stolen from the show window of the Fifth avenue store of Dikran Kelekian, Persian consul at New York. Two robbers who dynamited a safe at Independence, Kan were captured after being wounded by officers. During target practice at Magdalena bay 140 inches of the muzzle of one of the six-inch broadsidΔ guns of the Missouri blew off. No one was injured. The Indiana Republican convention was organized with Representative Jesse Overstreet as temporary chairman and Representative J. C. Chaney of Sullivan as permanent chairman. A platform was prepared indorsing the candidacy of Vice-President Fairbanks and demanding tariff revision. Mayor Anderson of La Crosse, Wis., clamped down the lid on that city, which had been considered one of the most wide-open in the country. The Pike County Bank and Trust company of McComb City, Miss, capitalized at $100,000, was placed in the hands of receivers.
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o tional bank and se railroads, convicted of msapprop aring institution's f funds. 22-Traders and Mechanics' Bank, Pittsburg, Pa. closed doors. t 25-NationalBank 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. Feb. of 13-W. B. Ridgely, comptroller currency, accepted presidency of reorganized National Bank of Commerce, Kansas City, Mo. 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. Apr. 1-Pike County Bank and Trust Co., Macomb City, Miss., placed in receiver's hands. 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. 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. 5-A. O. Brown & Co., one of largest New York brokerage firms, failed; liabilities over $1,000,000. ep. 10-A. Booth & Co., largest fish house in country, forced into receiver's hands. OV. 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. -C. W. Morse sentenced to 15 years; Curtis given liberty on suspended senlence. ec. 7-National exchange bank at Springfield, Mo., closed; excitement aused by effort of W. O. Oldham, ashier of State Savings bank, to shoot President H. B. McDaniel, of Union Nadonal bank. Springport, Mich., State Savings bank losed by bank examiner. Somersworth, N. H., First National ank closed, following discovery of hortage of $85,000. Thomas F. Ryan announced retire2 ent from finance. Henry W. Poor, New York broker, as2 gned for creditors.
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Tas, Tex., Targest 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. 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. Feb. 13-W. B. Ridgely, comptroller of currency, accepted presidency of reorganized National Bank of Commerce, Kansas City, Mo. 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. Apr. 1-Pike County Bank and Trust Co., Macomb City, Miss., placed in receiver's hands. 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-Kosclusko Company bank, Warsaw, Ind., closed by state auditor. Jul. 14-National Deposit bank, Philadelphia, Pa., closed by comptroller of currency. 17-Farmers and Merchants' Banking Co., Cleveland, O., failed. 22-Standard on $29,240,000 fine declsion unanimously reversed by United States court of appeals at Chieago. 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. 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. 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.