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To the Wall. WILMINGTON, N. C., June 20.-The bank of New Hanover did not open yesterday. Assets are estimated at $1,250, 000 and liabilities at $800,000. Columbus, O.-J. & G. Butler, wholesale grocers, assigned yesterday to Charles B. Butler. The liabilities are $50,000, and assets from $80,000 to $100,000. They have been in business since 1854.
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CLOSED BY A RUN. A North Carolina Bank Forced to Suspend Temporarily. WILMINGTON, N. C., June 19. - The Bank of New Hanover has failed. Its assets are $1,250,000 and its liabilities, $800.000. A notice on the door of the bank says that, owing to the withdrawal of $320,000 in deposits and a notice of the withdrawal of $150,000 more, and because of the inability of the bank to realize quickly on its assets. it has been decided to assign. Depositors will be paid in full. The failure caused a run on the Wilmington Savings and Trust company. It is requiring the 30 days required by law on sums over $90. It is believed to be entirely solvent.
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BANK RUNS IN THE SOUTH. A Big Concern at Wilmington, N. O., Closes Its Doors. WILMINGTON, N. C., June 19.-The Bank of New Hanover has failed. Assets, $1,250,000; liabilities, $800,000. A notice on the door of the bank says: "Owing to the withdrawal of $320,000 deposits and notice of the withdrawal of $150,000 more, and because of inability to realize quickly on assets, the bank has decided to assign. Depositors will be paid in full." The failure caused a run on the Wilmington Savings and Trust company. It is requiring 30 days on sums over $90 under the law. It is believed to be entirely solvent.
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A $90,000 MORTOAGE Wiluingion House in Deep Wat. er- Confidence Restored. WILMINGTON, N. C., June 20.-Adrian & Vollers, wholesale groceries and liquor dealers, one of the oldest business houses in the city, have assigned with preferences The failure was precipitated by that of the Bank of New Hanover in whose favor they executed a mortgage for $90,000 some months ago. But few depositors called today for their money at the Wilmington Savings and Trust company's banking house, and some of those who withdrew their money yesterday have already returned it. Deposits are being made bv business men this morning.
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THE failure of the Bank of New Hanover, at Wilmington, was due to some foolish depositors who became frightened. The stock of the bank found a ready sale at forty per cent premium, and now, be. cause of an unexpected run, depositors, it is feared, will not be paid in full.
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A DELA WARE BANK FAILS. The Assets Amount to Almost Double the Liabilities. WILMINGTON, N. C., June 9.-The bank of New Hanover has failed. Assets, $1,250,000. Liabilities, $800,000. The notice on the door of the bank says, owing to the withdrawal of $320,000 deposits and notice of the withdrawal of $150,000 more, and because of inability to realize quickly on assets, the bank has decided to assign. Depositors will be paid in full. The failure was caused by a run on the Wilmington Savings and Trust company. It is requiring thirty days on sums over $90, under the law. It is believed it will be entirely solvent.
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stesippl. to be United States Attorney of the Northern District of Mississippi. A dispatch from Madrid says that a revolue tionary outbreak is reported to have taken place in Barcelona. Details are lacking. A report is In circulation at Washington that Paymaster John Ciyde Sulliven. who was re. cently reprimanded by the Navy Department for criticising the government's position in the Bering-Sea controversy. will be court-martialed for the em bezzlement of $13,000 of government funds. Adrian & Vollers, wholesale grocers and liquor. dealers, one of the oldest business-boases in Wilmington, N. C., have assigned, with preferences, tueir failure being precipitated by that of the Bank of New Hanover, in whose favor they executed a mortgage for $90,000 some months ago. At Ridgewood. N. J., yesterday the boller of the Ridgewood Stone-Crusher Works exploded with a terrino report and completely wrecked the engine-house, Superintendent John Bogert being instantly killed. his body being blown about filty feet and Engineer Jobn Harrington being fatally hurt. The Pall-Mail Gazette (London). which is an orgau of the Conservative party, says that it is the intention of the government to abandon the financial clauses of the Irish home-rule bill and to substitute in their stead new clauses empowering the Irish legislature to frame its own budget to the amount of £5,000,000, which, however, will have to be submitted to the Imperial Parliament for ratification. Patrick H. Winston, United States Attorney: Thomas R. Brown, United States Marshal; An. drew Wasson, United States Collector at Port Townsend: C.J. Mulkey, United States special agent. and six special inspectors of customs in the Paget-Sound district. all in the State of Washington, have been dismlased as a result of reports made to Secretary Carlisle by SpecialTreasury-Agents Wood and Lewis. being charged with connection with one of the most extensive and successful conspiractes ever formed to smuggle Chinese and opium into the United States across the far northwestern territory.
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Wholesale Grocers Fail. Wilmington, N. C., June 20.-Adrian & Volers, wholesale grocers and liquor dealers, one of the oldest business houses in the city, have assigned with preferences. The failure was precipitated by that of the Bank of New Hanover, in whose favor they executed a mortgage for $90,000 some months ago.
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Another Wilmington Firm Fails. WILMINGTON, N. C., June 21.-Adrian & Vollers, wholesale grocers and liquor dealers, one of the oldeet business houses in the city, have assigned with preferences. The failure was precipitated by that of the bank of New Hanover, in whose favor they executed a mortgage for $90,000 some months ago.
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Another Failure at Wilmington. By Southern Associated Press. WILMINGTON, N. C., June 20 Adrian and Vollers, wholesale gro. cers and liquor dealers, one of the oldest business houses in the city, assigned with prefences. The failure was precipitated by that of the bank of New Hanover in whose favor they executed a mortgage for ninety thousand dollars some months ago. But few depositors are calling for money at the Wilmington Savings and Trust Company's banking house today, and some of those who withdrew money yesterday are already returning it. Deposits are being freely made by business men this morning.
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MINOR BUSINESS TROUBLES. Failures Here and There About the Country -Stringency of the Money Market. NASHUA. N. H.. June 20.-The Colony Manufacturing Company of Wilton assigned yesterday. The liabilities are estimated to be $168,000 and the assets simply amount to the plant. buildings, and some goods on hand. It IS estimated that not more than fifty cents on the dollar can be realized from the assets. Several Nashua merchants were stockholders. and will lose heavily. The corporation has carried on a woollen manufactory and has done an extensive business. It employed,200 hands. The cause of the failure is said to be inability to sell the goods. and also that the company paid too high wages. COLUMBUS, O., June 20.--J. & G. Butler. Wholesale grocers. assigned yesterday to Charles B. Butler. Liabilities, $50,000: ASBets. $80.000 to $100,000. Cause. financial stringency. The firm has been in business since 1854. WILMINGTON, N. C. June 20.-Adrian & Vollers. wholesale grocers and liquor dealers. one of the oldest business houses in the city. have assigned. with preferences. The failure was precipitated by that of the Bank of New Hanover. in whose favor they executed amortgage for $90.000 several months ago. Few depositors are calling for money at the Wilmington Savings and Trust Company's banking house to-day. and some of those who withdrew their money yesterday have already returned it. Deposits are being freely made by business men this morning. INNEAPOLIA June 20.-James McMillan of Minneapolis has made a voluntary assignment of his property to M. C. Fletcher. Mr. McMillan was in the hide and fur business until a short time when his business was transferred to R corporati 11 known as James McMillan & Co. The assignment does not affect this corporation. Mr. Fletcher estimates that the assets will amount Dabout 700,000, and liabilities to $250,000 Of his liabilities sixty por cent. are foreign creditors, persons who have made consignments of goods to him. or who have furnished capital. The other forty per cent. are Minneapolis people. KA.. une 20.- The State Bank Commissinner yesterday ordered the State Bank of Plainville closed The capital stock is $50,000. but the amount of lia ilities is not obtainable. The officers of the Dank bay that depositors will be paid in full. Abe teinburg a clothing merchant. failed yesterday. The liabilities are it out an nondinal assets of equal $40,000. amount. with Chattel mortgages on the stock were given to various pre erred creditors BRIDGEPORT, June 20. - The liabilities of the Eaton. Cole & Burnham Company. which passed into the hands of receivers yesterday. presaid to SACO,COO and the assets double that amount. The business here will be conducted by the receivers. E. G. Durnham and E. H. Cole who are memlers of the copartnership. Frank Milier o this city gave 350,000 bonds for the receivers. The first intimation here of any trou le was received last night. when the 100 employees did not receive their pay as usuals EUGENE Or. June 20.-The Lane County Bank temporarily suspended to day. It has plenty of property in slight to secure all depositors. SAN FRANCISCO, June 20.-The Broadway Bank has closed its doors. It was an unimportant concern. A lively run was kept up on three banks until the closing hour. Apprehensions are telt for -morrow, as it is evident that the run will be kept up.
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BANK SUSPENDED. The Bank of New Hanover at Wilmingtor surpended Monday. The assets of the bank are $1, 305,000, and the liabilities $876,000. The deposits are $686,000. General uneasiness in money matters caused large depositors to set in a run an the bank and like strain bename 80 heavy it could not longer hold up. The other banks of Wilmington are still doing business and the businees interest of that commanity will be carefully guarded.
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THE BANK OF NEW HANOVER FAILS. On Monday morning June the 18th, the doors of the Bank of New Hanover did not open. A notice was posted on the door by W. L. Smith, Cashier, this was due to the fact that about half a million dollars of deposit were called for, which could not be readily paid out. However, he claims that all deposits will be paid in full. The liabilities of the Bank, are about eight hundred thousdollars ($800,000) while it is claimed that the assets will be twelve hundred and fifty thousand. dollars An assignment has been made to Mr. Junius Davis. A run was also started on the Wilmington Savings & Trust Co., but it is thought that it will be able to stem the tide without closing its doors. The farming and the laboring people have already learned through the dear school of experience, of the brutal I eauty of the 'beat financial system that the world ever saw". The cruel tidal wave of contraction is now striking the Mercantile, and Banking Houses. They too certainly should be able to learn in the school of experience at least, as the masses have done before them. We want to take this occasion to say again. that the government should guarantee too depositors of Banks the full amount of money deposited. If this were done, the government would see that all these concerns were on a safe bassis. What is the use of paying for Bank Inspectors, if they fail to inspect, or dont know a sound Bank after they do inspect.
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THE BANK OF NEW HANOVER. Not a Bad Failure -Depositors - will be Paid in Full. Details of the failure of the Bank of New Hanover, at Wilmington, are contained in the dispatches. The cause of the suspension is that $320,000 of deposits were drawn from the bank last week and notices were on file of over $150,000 to be withdrawn this week. Owing to the stringency of the times the bank could not realize quickly upon its assets, and hence there was nothing to do but close its doors. The cashier, in a published card, announces that depositors will receive dollar for dollar. The assets of the bank are estimated at $1,250,000 with liabilities of only $800,000. The failure of the Bank of New Hanover caused a run on the Wilmington Savings and Trust Company, but as all demands were promptly met and the president assured depositors that the bank was perfectly solid and solvent, the run soon ceased. The general impression is that, with a little time to get its affairs in shape, the Bank of New Hanover will not prove a bad failure, neither depositors nor stockholders losing anything. The Bank cf New Hanover in Wadesboro, a branch of the Wilmington bank but conducted as a separate institution, closed its doors as soon as notiffed of the Wilmington failure. No statement as to its condition is made, except that it would have continued but for the other failure.
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The Bank of New Hanover Fails. WILMINGTON, June 19.-The Bank of New Hanover, with a paid-up capital of $300,000, suspended payment at 10 o'clock this morning. The bank has a surplus fund of $200,000. No information is yet given out as to the cause of the suspension, which, it is thought, will be only temporary. [None of Winston's banks were'creditors of the broken bank.]
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Convenience The Many Happenings of Seven Days Reduced From Columns to Lines. Thursday, June 15. The village of Alba, Mich., was destroyed by fire. The torpedo boat Erickson, building at Dubuque, Ia., is to be launched in July. Three thousand employees at the World's fair are to be dropped. The Cunarder Servia reports that on her last trip she ran down the American ship A. McCallum, two of the latter's crew be ing drowned. Mrs. Catharine Maher, 90 Berry street, Brooklyn, attempted to poison herself and 9-year-old son with paris green. Frank Adams, who would have been released from Sing Sing next Monday, escaped. After a run on the Painesville (O.) bank the institution closed. Rev. Drs. Graves and McKim were respectively consecrated bishops of China and Japan in New York. A steamer from Bremen carrying 800 Russian Jews is expected at New York. Friday, June 16. Cardinal Gibbons will be given A rich silver testimonial on Aug. 16, the anniversary of his twenty-fifth year as archbishop of Baltimore. In Mecca there were 850 deaths from cholera in five days. Somerville, Mass., has voted nó license. A. Bailey, the missing grain man of Duluth, left many big debts. The Chemical National bank of Chicago is to resume. In her suit for divorce against John R. Rogers, Minnie Palmer, the actress, has charged him with chasing her with a carving knife. Mrs. Daniel Lamont was overcome by heat at the World's fair. Mrs. Frank Leslie, having obtained her divorce from Willie Wilde, has sailed for Europe. A train loaded with Polish workmen was stoned near Tonawanda, N.Y. Mrs. Alice Bogardus, aged 60, of Brooklyn, tried to kill herself by jumping from third story window. Wesley Shaw of Buchanan, Ga., killed an old woman whom he believed to be a witch. Saturday, June 17. Ninestowaways were found on the steamship Arizona during her trip from Liver pool to New York. The trouble with the striking lumber shovers at Tonawanda, N. Y., is growing serious. Max Clayton, an insane ex-theatrical manager, escaped from the asylum at Amityville, N. Y., but was recaptured in a New York theater. Judgments and executions have been filed at Pittsburg against the Duquesne Tube Works company for $350,000. Albert Young, a valet for Simms, the Jockey, stabbed and killed Emory Harts field, valet for Overton, the jockey, at Morris park race track. In a fight on Adams street, Chicago, three men named Christenden, Kane and Wilson were fatally injured. The Kentucky house has decided that Frankfort will remain the state capital. The Duke of Veragua has decided to re main in this country until July. Work on the break in the levee at Mag nolia, Miss., has been abandoned. Fifteen hundred people attended the funeral of George W. Helme from his country home at Helmetta, N. J. Monday, June 19. The suit of John Wanamaker against the World's fair authorities for Sunday closing will now be pressed. There are over 400 cases of typhoid fever in Ironwood, Mich. Andrew Wall, promoter of the so called Mechanics' Co-operative bank in Brooklyn, is charged by Washington victims with swindling. A mad dog ran amuck in Cedar Grove, N.J., biting many animals. One of the striking miners at Scammon, Kan., killed himself. The investigation of the Childs-Drexel home for printers revealed that the funds had been misappropriated. Senator Stanford of California, who has been ill for some time, is recuperating Stockbridge village, near Pittsfield, Mass., was stirred up by midnight burglars. The Pennsylvania railroad is reducing its force of employees. Ex-President Harrison has finished his visit to the World's fair and returned home. Tuesday, June 20. The body of Father McKenna, who was drowned with his niece in the North river, was recovered. Andrew Carnegie and party are on a coaching tour in England. The bank of New Hanover at Wilming ton, N.C., closed its doors after a run. I An embassador from China arrived at San Francisco to investigate the Geary law and its effects. i Harry Murtha, wanted for a number of b burglaries in New Jersey, was arrested at Coney Island. $ Frank Davis, the burglar, was sentenced in New York to 24 years and 6 months in i prison. The'last of the Chinese lepers, on North Brothers Island, is dead. in Grand Rapids, Mich. a sensation by he Edwin Booth stood a e thought created A minister declaring better that chance in heaven than would Rev. Dr. Talmage. Seven miners were burned to death in the forest fires in Minnesota.
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No Additional Receivers. (Special telegram to the Dispatch.) RALEIGH. N. C., June 29.-Before Judge Connor, in chambers here this evening, there was argument on a motion by the State and other creditors of the Bank of New Hanover, Wilmington, for the appointment of additional receivers. To-night Judge Connor filed an opinion continuing Junius Davis as assignee and refusing to appoint additional receivers. He issued an order appointing James A. Leak, president of the branch bank of New Hanover at Wadesboro', receiver of the latter.
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THE SUSPENDED BANK. The Full Report of the State Bank Examiner. The following is a copy of the report of the State Bank Examiner filed on Friday in the office of the clerk of the Superior court of New Hanover county: The report of the condition of the Bank of New Hanover at Wilmington, as appears by an examination made June 21 and 22, 1893: RESOURCES.
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The Messenger says Frances Brown a colored woman of Wilmington, had $4,000 in the bank of New Hanover when it suspended. After the bank broke she put her money in her wardrobe. She had $500, mostly in gold, in the wardrobe and while she was at church some one stole all of.her money. A colored brother is accused of the tbeft and has been arrested
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Wilmington Messenger: Wm. B. Hill, a well-known colored citizen, died last night at 9:15 o'clock at his residence, 511 South Seventh street, aged 60 years. He was janitor at the Bank of New Hans over almost from the time it was founded until it suspended, and previous to and during the war, he was carriage driver of Mr. Robert H. Cowan. His funeral will take place at 4:30 p. m., today at St. Stephen's church. Newbern Journal: Native hay is coming in and judging from appearances the crop will be abundant. The growth is luxuriant, and near the city more land on almost every farm has "gone to grass" than ever before. If farms more remote have done equally as well as the spectacle of a Craven county farmer buying forage this year will be a rare one. These neighboring farms not only have enough but to spare. The native crab grass takes the lead but attention is likewise being paid to clover, millet, &c.
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BANK OF NEW HANOVER. Decision Against the First National Bank of Richmond. WILMINGTON, N. C., February 15.Judge G. H. Brown, of the Superior Court, has rendered a decision in the case of the First National Bank of Richmond, Va., against the receivers of the Bank of New Hanover, of Wilmington. The plaintiffs claimed preference over general creditors of the insolvent bank for collections made by the latter for the Richmond bank, under instructions to collect and remit the same. Judge Brown decides that plaintiff is not entitled to preference. The case will be carried to the Supreme Court. There are similar suits against the receivers, involving in all some $100,000.
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BANK PREFERENCES. A Judge Rules on a Question Over Paper Sent for Collection. Wilmington, N. C., Feb. 15.-Judge G. H. Brown, of the superior court has rendered a decision in the case of the First National Bank of Richmond. Va., VS the receivers of the bank of New Hanover, of Wilmington. The plaintiffs claimed preference over general creditors of the insolvent Bank the collections made by the latter for the Richmond bank under instructions to collect and remit the same. Judge Brown decided that the plaintiffs are not entitled to preference. The case will be carried to the supreme court. There are similar suits against the receivers, involving in all some $100,000.
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President Bates Acquitted. The trial of Mr. Isaac Bates, pre sident of the late suspended Bank of New Hanover, of Wilmington, came ff in the Superior court in that city yesterday and resulted in the acquittal of the defendant. Mr. W.S. O. B. Robinson, of this city, was of counsel for the defense.
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Suit Against Bank Directors. Junius Davis. Esq, receiver of the failed Bank of New Hanover, Wilmington, has brought suit in behalf of the corporation against the directors of the bank, holding them to account for its mismanagement. George Bountree, Esq. attorney for the receiver, has instituted suit and it will come up at the term of Superior Court which convened on Monday of this week.