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CLOSED THE BANK. A Moorhead Institution Goes to the Wall-Said to Be Temporary. MOORHEAD, Minn., Feb. 9.-The Merchants' bank of this city has closed its doors. There is $175,000 on deposit, besides a large amount of county funds, in the bank. A receiver will probably be appointed.
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BANK GONE UNDER. The Merchants' of Moorhead May Pay Sixty Cents. Special to the Globe. MOORHEAD, Minn., Feb. 8. - The Merchants' bank of this city closed its doors today: liabilities, including deposits and obligations to other banks, $175,000; assets, $200,000. A large part ot the assets is thought to be worthless paper. A petition for a receiver has been made. It is thought that after a liquidation has been made the bank will be able to pay 60 cents on the dollar. At present looks as though the bank could not be reopened. Much sympathy is felt for T. C. Kurtz. one of the partners. It was a private institution.
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A Moorhead Bank Closed. MOORHEAD, Minn., Special Telegram, Feb. 9.-The Merchants Bank of Moorhead closed to-day. It is a private bank, H. A. Bruns and T. C. Kurtz forming the partnership. It 18 believed that on liquidation depositors will receive .rom 60 10 70 per cent or their deposits. Public sympathy is largely with Mr. Kurtz. A petition has been signed by the creditors and sent to Judge Mi. Is requesting the appointment of receivers, uding thenamed C. Kurtz. The deposits aggregate $175,000.
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President Bruns Was Overdrawn MOORHEAD, Minn, Feb. 13.-The developments in the Merchants bank failure show that President Bruns owes the bank $175,000, and.that he actually overdrew his account $34,000. Cashier Kurtz also owes $14,000. A receiver has been appointed.
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THE Merchants bank of Moorhead has failed for $175,000. H. A. Bruns is the president and he says the suspension is only temporary.
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ply for $150,000 apiece. The other claims vary from $100,000 to $30,000. Bob Ford, the slayer of the notorious Jesse James, was shot to death in a saloon at Creede, Colo., on Wednesday. The state insane asylum at Jackson, Miss., was burned Tuesday morning, but only one of the inmates perished. Mrs. Mary Clements, who died in New York city last Saturday at the age of 103, had 80 living descendants. She was a native of Ireland. A regularly established bank has began business at the Boston English High school. Its aim is to give the students a practical training in business methods. George Bennett, a farmer 70 years old and reputed to be worth $150,000, disappeared from his home at Canton, Pa., and no trace of him can be found. Henry Miller, a farmer, his wife and mother, were found dead in their house at Hope, Kan., a few days ago. The rooms were full of gas from a coal stove. Sarah Althea Terry, who gained such notoriety by her divorce suit against exSenator Sharon, and her subsequent marriage with Judge Terry, has become insane over spiritualism. The great 130-yards foot race for ยฃ100, was run at Manchester, Eng., on Monday, and was won by Henry Budd of Meriden, Conn. He was a favorite in the betting and his backers won $15,000. H. A. Bruns, president of the defunct Merchants' bank at Morehead, Minn., has been arrested on the charge of defrauding the depositors out of $80,000. He lost the money by speculating in the Chicago wheat markets. Six members of the family of James Broad, a slate manufacturer, have died within ten days of malignant scarlet fever at Belvidere, N. J. The only member of the family left is the wife and mother, who is very ill. A large carpet mill belonging to John and James Dobson at the falls of Schuylkill, a suburb of Philadelphia, was burned Monday. Loss $150,000. The 250 hands at work in the mill escaped, only a few being slightly damaged.
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The Moorhead Bank Case, Special to the Globe. MOORHEAD, Feb. 29.-A meeting of the creditors of the Merchants' bank of this city was held today. Receiver Von Vlessinger submitted a report showing face assets of $310,790.91 and liabilities of $208,073.54. The individual resources of T. C. Kurtz, exclusive of his interest in the bank, are $73,907.08.
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The Moorhead Bank Case, Special to the Globe. MOORHEAD, Feb. 29.-A meeting of the creditors of the Merchants' bank of this city was held today. Receiver Von Vlessinger submitted a report showing face assets of $310,790.91 and liabilities of $208,073.54. The individual resources of T. C. Kurtz, exclusive of his interest in the bank, are $73,907.08.
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Assets and Liabilities. MOORHEAD Minn. Special Telegram, March I.-At a meeting of the creditors of the Merchants' bank to-day Receiver Von Vlissenger read a statement: Assets (face), $310,790.91; liabilities, $208,073.54. T.C. Kurtz; individual resources, exclusive of interest in bank, $73,907.08.
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Special to the Globe. MOORHEAD, July 14.-The county commissioners have instructed their committee to make a demand on the sureties of the late Merchants' bank for a settlement. At the time of the bank failure there were about $20,500 of county funds on deposit. Of this the receiver will pay a certain per cent and the bondsmen will have to stand the balance.
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FINANCIAL FAILURES. FEBRUARY. 2. At Kearney, Neb., the Commercial and Savings bank suspended. 8. At Moorehead, Minn., the Merchants' bank suspended. APRIL. 25. In Brockport, N. Y., Banker J. H. Kingsbury assigned. In St. Louis the Martin Clothing company assigned with $175,000 liabilities. MAY. 31. In Chicago grain speculators Coster & Martin failed for $500,000. JUNE. 21. In New York city Jeweler John Mason assigned with debts of $167,000. JULY. 11. In Beston McConnell & Shaws failed for $300,000. 19. At Woburn, Mass., Robert Duncan, leather maker, assigned with debts of $100,000. AUGUST. 16. In Philadelphia the Mutual Banking association assigned. 21. At Laconia, N. H., Coburn & Leavitt, mill operators, assigned with $30,000 debt. SEPTEMBER. 14. In Chicago Spiegel & Co., furniture dealers, failed for over $150,000. OCTOBER. 8. In New York city A. B. Alden & Co., straw goods, assigned with debts of $150,000. 20. In New York city Burkhalter & Co., wholesale grocers, assigned owing $700,000. NOVEMBER. 18. In New York city Mommer & Co., importers, assigned owing $150,000. DECEMBER. 8. In Hamburg, the brokers Carow and Bar. tels assigned, owing 7,500,000 marks.
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FINANCIAL FAILURES. FEBRUARY. 2. At Kearney, Neb., the Commercial and Savings bank suspended. 8. At Moorehead, Minn., the Merchants' bank suspended. APRIL. 25. In Brockport, N. Y., Banker J. H. Kingsbury assigned. In St. Louis the Martin Clothing company assigned with $175,000 liabilities. MAY. 81. In Chicago grain speculators Coster & Martin failed for $500,000. JUNE. 21. In New York city Jeweler John Mason assigned with debts of $167,000. JULY. 11. In Beston McConnell & Shaws failed for $300,000. 19. At Woburn, Mass., Robert Duncan, leather maker, assigned with debts of $100,000. AUGUST. 16. In Philadelphia the Mutual Banking association assigned. 21. At Laconia, N. H., Coburn & Leavitt, mill operators, assigned with $80,000 debt. SEPTEMBER. 14. In Chicago Spiegel & Co., furniture dealers, failed for over $150,000. OCTOBER. 8. In New York city A.B. Alden & Co., straw goodsjassigned with debts of $150,000. 20. In New York city Burkhalter & Co., wholesale grocers, assigned owing $700,000. NOVEMBER. 18. In New York city Mommer & Co., importers, assigned owing $159,000. DECEMBER. 8. In Hamburg, the brokers Carow and Bartels assigned, owing 7,500,000 marks.
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FINANCIAL FAILURES. FEBRUARY. 2. At Kearney, Neb., the Commercial and Savings bank suspended. 8. At Moorehead, Minn., the Merchants' bank suspended. APRIL. 25. In Brockport, N. Y., Banker J. H. Kingsbury assigned. In St. Louis the Martin Clothing company assigned with $175,000 liabilities. MAY. 31. In Chicago grain speculators Coster & Martin failed for $500,000. JUNE. 21. In New York city Jeweler John Mason assigned with debts of $167,000. JULY. 11. In Beston McConnell & Shaws failed for $300,000. 19. At Woburn, Mass., Robert Duncan, leather maker, assigned with debts of $100,000. AUGUST. 16. In Philadelphia the Mutual Banking association assigned. 21. At Laconia, N. H., Coburn & Leavitt. mill operators, assigned with $30,000 debt. SEPTEMBER. 14. In Chicago Spiegel & Co., furniture dealers, failed for over $150,000. OCTOBER. 8. In New York city A. B. Alden & Co., straw goods, assigned with debts of $150,000. 20. In New York city Burkhalter & Co., wholesale grocers, assigned owing $700,000. NOVEMBER. 18. In New York city Mommer & Co., importers, assigned owing $150,000. DECEMBER. 8. In Hamburg, the brokers Carow and Bartels assigned, owing 7,500,000 marks.
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THE BUSINESS WORLD. Failures, Assignments, Suspensions, Etc., Among Merchants, Bankers and Others. FEBRUARY. 2. The Commercial and Savings bank of Kearney, Neb., suspended. 8. The Merchants' bank of Moorehead, Minn., closed its doors. APRIL. 25. John H. Kingsbury, banker, assigned in Brocknort N. Y.
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FINANCIAL FAILURES. FEBRUARY. 2. At Kearney, Neb., the Commercial and Savings bank suspended. 8. At Moorehead, Minn., the Merchants' bank suspended. APRIL. 25. In Brockport, N. Y., Banker J. H. Kingsbury assigned. In St. Louis the Martin Clothing company assigned with $175,000 liabilities. MAY. B1. In Chicago grain speculators Coster & Martin failed for $500,000. JUNE. 21. In New York city Jeweler John Mason assigned with debts of $167,000. JULY. 11. In Boston McConnell & Shaws failed for $300,000.19. At Woburn, Mass., Robert Duncan, leather maker, assigned with debts of $100,000. AUGUST. 16. In Philadelphia the Mutual Banking association assigned. 21. At Laconia, N. H., Coburn & Leavitt, mill operators, assigned with $30,000 debt. SEPTEMBER. 14. In Chicago Spiegel & Co., furniture dealers, failed for over $150,000. OCTOBER. 8. In New York city A. B. Alden & Co., straw goods, assigned with debts of $150,000. 20. In New York city Burkhalter & Co., wholesale grocers, assigned owing $700,000. NOVEMBER. 18. In New York city Mommer & Co., importers, assigned owing $150,000. DECEMBER. 8. In Hamburg, the brokers Carow and Bartels assigned. owing 7,500,000 marks.
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FINANCIAL FAILURES. FEBRUARY. 2. At Kearney, Nob., the Commercial and Savings bank suspended. 8. At Moorehead, Mins, the Merchants' bank suspended.
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Excitement Among Creditors. Special to the Globe. MOORHEAD, Minn., Dec. 7.-Judgments amounting to $12,654.61 against defunct Merchants' bank, filed prior to recording the appointment of a receiver are believed to be valid. This will reduce the dividend to creditors by reason of the sale of bank property to $6,995.39. This has caused much excitement among creditors, and legal opinions are being sought in the cities.
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Bank Receiver Resigns. Special to the Globe. MOORHEAD, Feb. 25. - Paul Van Vlissengen has sent in his resignation as receiver of the Merchants' Bank of Moorhead. Judge Baxter will be presented with petitions for the appointment of George E. Perley and Leslie Welter to fill the vacancy.
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Bank Receiver Resigns. Special to the Globe. MOORHEAD, Feb. 25. - Paul Van Vlissengen has sent in his resignation as receiver of the Merchants' Bank of Moorhead. Judge Baxter will be presented with petitions for the appointment of George E. Perley and Leslie Welter to fill the vacancy.
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Bank Building Under the Hammer Special to the Globe. MOORHEAD, Minn., Aug. 22.-Receiver F. G. Barrows today sold at private sale the Merchants' Bank building to F. G. Asseltine and V. Fischer, of this city, for $20,250.