81800916 8180
national
4ff9383fbe935421Full suspension, Books examined
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CHICAGOED AGAIN. No Further Trouble is Anticipated. Special to the Star. CHICAGO, A pril 24.-There was considerable surprise manifested this morning at the announcement of the suspension of the Chicago City National Bank. The bank has a capital of $250,000, and was considered a fairly solid concern. Although the suspension was very much of a surprise it created no great excitement in financial circles, and no further trouble is anticipated.
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ILLIN OIS. Another Bank Suspension. Chicago, April 21.-The City Na. tional bank of this city failed this morning. Its cash capital was $250,000. A notice on the door states that the stockholders have decided to go into voluntary liquidation as the best means of doing justice to all the creditors of the bank and that it has been found impossible to convert the assets speedily enough to meet the continued drain which has been made of late upon its cash resources; that in the opinion of the directors the assets will be amply sufficient to pay all liabilities, provided the creditors will give the officers a short time in which to turn themselves. The entire liabilities exclusive of the capital stock are $800,000. This amount is secured by the assets, making a nominal surplus over all liabilities of about $130,000.
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A Chicago dispatch announces that the City National Bank of that city suspended to-day. The capital of the bank is $250,000. The Panama Transit Steamship Company have recolved a dispatch from Capt. Morton announcing the arrival of their steamship South Carolina at Panama in 46 days, having made one of the quickest run8 on this voyage, of some 12,000 miles, on record. This ship connects with steamer Crescent City, which sailed from here on Saturday, at the Isthmus, for San Francisco. We are in receipt of a note from the Secretary of the Ohio and Mississippi Railway Company stating that the Company is not selling its second consolidated bonds. and has none for sale. Wm. W. Wakeman & Co. is the name of a new firm composed of Messrs. Wm. W. Wakeman, Jas. R. Jesup, jr., and Aaron Conklin, for the transaction of the banking and brokerage business, including mining stocks, at No. 36 Wall-st.
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begin a speedy investigation as to what it was fatigued the Directors to such an extent that they decided to lie down. Bank-Examiner Watson is now in Wisconsin, but has been telegraphed to return and assist in making up the accounts. Depositors have so far expressed confidence in Mr. Bushnell, the President, and few complaints have been made against the other officers. Mr. Miner, the Cashier, is supposed to have lost considerable money in the Metropolitan Printing Company, of which he is the principal stockholder. In order to correct any misapprehension, it should be stated that the broken bank is not the City Savings Bank, which is located in the same neighborhood. The similarity of names caused considerable vexation to the last-named institution yesterday. # THE FOLLOWING REAL-ESTATE TRANSFERS, all dated Nov. 9, but not recorded till yesterday, relate to the affairs of this unhappy bank: A. B. Miner to Winslow Bushnell, for $25,000, 213x238 feet on the northeast corner of Warren avenue and Yager street; and 50x245 feet on the south side of Warren avenue, 363 feet east of Yager street. A. B. Miner to W. Bushnell, for $42,000, 90x147 foot on the southeast corner of Halsted and Lake streets. A. B. Miner to W. Bushnell, for $20,000, 186x215 foot on the southwest corner of Warren avenue and Yager street. # THE METROPOLITAN PRINTING COMPANY. The suspension of the City National will probably seriously affect the Metropolitan Printing Company, owing to the connection of Miner with the latter concern. It is stated that he obtained control of the Metropolitan by assuming a mortgage on its material, and that it has always been a dead weight on his hands. The Company's office is located at No. 72 Fifth avenue, and R. B. Ford is its Secretary.
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The City National Bank of Chicago has suspended, but declares its :ability to pay out in a short time.
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LATE NEWS ITEMS. - A cable dispatch from London announces that Lord Lyttleton has committed suicide. - The Rev. F. F. Rea, of Durham, Conn., has been expelled by his Congregational church for drunkenness. - The Peoria Presbytery has refused to admit to fellowship the Rev. John S. Glendenning, of Jersey City scandal notoriety. - Holman, the father of Soft Money, was the first Congressman to make application for silver at the office of the Sergeant-at-Arms. - Mayor Stokely, of Philadelphia, has sworn in 650 men of the special centennial guard. The guard is divided into three companies, under the general command of Col. Clay. - The wheat-operating firm of Linblom, Schweder & Co., of Milwaukee, suspended payment Monday under the depressing effect of the failure of the City National Bank of Chicago. - Complaints are made by the Gentiles in and about Salt Lake City that the Mormon police arrest them upon trifling charges, exact oppressive bail, and levy outrageouos court fees. - Henry Ward Beecher preached Sunday in two churches in Boston. The persons comprising his audience were admitted by means of tickets previously dispensed, and many thousands were denied entrance for lack of room. - In is rumored that the revolutionists were badly defeated near Monterey the other day, and a large cavalry force has been sent from Matamoras to assist them. General Diaz is conscripting Mexicans to increase his force. - The Ballou manufacturing company and the firm of Geo. C. Ballou & Son, of Woonsocket, Rhode Island, have made an assignment. Their indebtedness exceeds $1,000,000; liabilities probably exceed the assets from $150,000 to $200,000. - A Halifax dispatch of the 21st says: The schooner Katie, Capt. Ferristal, which left Port Mulgrave on the 2d inst. for Boston with 66 passengers, has been given up by the people of the former place as lost. It is thought she foundered in the gale which occurred three or four days after her departure. - The house of the Rev. D. C. Lothrop, of Amherst, Mass., accused of brutality to his family and general meanness, was mobbed Monday night by about 200 town boys and students. Mrs. Lothrop was sick and alone in the house, and is now in a critical condition from the shock to her nerves. - Orders have been issued to the commanding officer at Ft. Laramie to as far as possible protect travelers between that point and Custer City. His force is inadequate to the task other than as occasional scouting parties. Serious trouble is anticipated from the roving small bands of Indians, who will not attack large, well-armed parties.
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The City National bank of Chicago has suspended. The Chicago papers report business improving in that city. In Western Michigan, one of the chief fruit regions of the West, the prospect for all kinds of fruit is very encouraging. South. The annual flood in the Mississippi river is unusually disastrous this season. Many breaks have occurred in the levees, and much valuable country inundated by the escaping waters. The damage, it is estimated, will reach several millions of dollars. Fort Smith, Ark., was again the scene of a wholesale hanging on Friday, April 21. The victims were five in number-three Indians, one white man, and one negro.
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THE City National Bank of Chicago suspended a few days ago. The assets are stated at about $1,000,000, which, it is claimed, will more than cover the liabilities.
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NOTES AND NEWS. AN ATTEMPT TO INVESTIGATE MH. BLAINE. Special Dispatch to The Chicago Tribune. WASHINGTON, D. C., April 28.-Tarbox, of Maesachusetts, offered a resolution in the House in regard to the Union Pacific Railroad. Gon. Hurlbut objected to the resolution, and it was withdrawn, The resolution was undoabtodly intended to have some reference to Mr. Blaine, as it directed the Judiciary Committee to inquire into the circumstances connected with the purchase by the Union Pacific Railroad of $75,000 value of the bonds of the Litcle Roc's & Fort Smith Hailroad for $61,000, CHICAGO BANKS. Judge Bockwith, H. B. Munroe, Bpencer, of the State Savings, and Burley, Receiver of the Cook County National, waited upon the Comptrollor of the Currency this afternoon to present their papers and mako their arguments in the matter of the adjustment of the differences betwoon the Cook County National Bank and Mr. Speucer. The Comptroller, after hearing their statements, took the case under advisement, and will make a docision as soon as possible. The determination of the exact sum, if any, due from Mr. Spencer to the Clook County National will be made by Mr. Knox, by whose decision all the parties will doubtless abide. Applications continue to come in for a nomios. tion of Receiver to the City National Bauk. The Comptroller has not, however, decided to appoint a Receiver. Everything depends upon the unture of the report which Watson will make. His report is expected bore early in the week. Comptroller Knox will take immediate action after receiving that report, In the meantime be has no special knowledge as to the atfairs of that bank beyond what is publicly knows in Chicago. MARSUAL GOODELL arrived here yestorday. The purpose of his visit is to see his children, who are at school in Georgetown, and to inspect the police system of Washington. Baltimore, and Now York. He is especially studying the organization of: the do. tecture forue us this city, He paid . visis to the
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A Washington dispatch, referring to the report of Examiner WATSON on the condition of the suspended City National Bank of ChiGago, says it seems certain that the depositors will be paid in full, and that the assets are in such a condition that the only question is how much the stockholders shall lose. If the assets are properly managed it is believed that the stockholders will meet with very little if any loss. Those who have examined the statement say that the assets ought to pay the depositors dollar for dollar. No arrangement has yet been made for the appointment of a Receiver.
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BANKING MATTERS. THE CHICAGO CITY NATIONAL. Special Duspatch 3 the Chicago Tribune. WASHINGTON, April 30.-Comptroller Knox has received the report of Examiner Watson upon the condition of the City National Bank. The report, as previously stated in these dispatches, shows upon its faco the probability that the depositors will be paid in full out of the assets without calling upon the stockholders for a dollar. If the assets are properly managed there is every reason to believe that these expectations will be realized. It now seems probable that the management of the assets will be intrusted to Mr. Bushnell, and that the bank will go through voluntary liquidation, The Comptroller has already received petitions from persons representing over $500,000 ot the aggregate $800,000 deposited, to the effect that Bushnell shall be retained in the management, and that the bank go through voluntary liquidation. 80 far as the Comptiollor is concerned, lu tho preeout condition of the assots. the resorvo having always been kept strong, he has not power to appoint a Receiver except upon the protesting of a note. No protested note has yet been received Loon, and Knox has not telegraphed to Examiner Watson ordering a protest of any, nor does be expect to do 80. The bank will doubtions be permitted to Bottlo with its own creditors, unless something unusual happens. The Comptroller expects that the depositors will be paid in full, and that the stockholders will inour no furthor liability. A NEW BANKING BILL. The failure of this bank ban called attention to the bill pending in the Seuate which has passod the House, which gives the Comptroller power over tue management of insolvent banks which ho does not DOBECES under the present law. The pending bill gives the Comptroller power in his discretion to appoint & Receiver at any time if the bank, from the report of an Examiner, appear ineolvent. The bill also gives depositors an advantage which they do 40: now have. It authorizes the depositors, whenover the assots are insufficient to pay the deposit-creditors, to immediately bring suits against the stockholders. Under the present law, doposit-croditors cannot bring suit against stockholders of a bank in voluntary liquidation until a Receiver is appointed, and a Receiver cannot bo appointed if the reserve is strong, except upon the presentation to the Comptroller of 4 protested note.
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MERE-MENTION. Governor Rice, of Massachusetts, has vetoed the bill legalizing Parton's marriage with It is proposed Fanny Fern's daughter. by the church-going people of Philadelphia to invite Messrs. Moody and Sankey to participate in the opening ceremonies at the CenA hint is as tennial grounds in May. good as a kick, but there are some men who is never take one till they get the other. It reported that Commodore Vanderbilt is quite ill. The expenses of the late Alexander T. Stewart's funeral are put down at twelve thousand dollars. A twenty-four pound baby was recently born in Pittsburg, Penn. Its mother weighed but one hundred and Watermelons have appeared at twenty. and are at cents to one show is to at Savannah, enty-five baby Ga., shortly dollar be selling held each. from Manistee, sev- A Mich. Each mother will get a check for her baby, to prevent accidents from mixing up the little ones. Gen. Braxton Bragg was appointed city engineer of Galveston, but the The councilmen refused to confirm him. City National Bank, of Chicago, has failed. The health of RepreCapital $250,000. sentative Lamar was not benefitted much by his trip to Mississippi as was supposed. He is still constantly threatened with paralysis. The girls of the Madison, Georgia, College, indignantly deny that they will appear on the stage at commencement in calico. Barney Williams, the actor, died in New York last week. Moody, the evangelist, assisted by Mr. Whittle, held religious exercises in Augusta, Georgia, through last week and a part of the The committee on resolutions present. in the Arkansas Republican Convention reported one declaring O. P. Morton the choice of the State for President. The California Mrs. Henry Republicans endorse Blaine. Ward Beecher arrived in Florida last week. She is described as having a stern, unhappy, uncomfortable face.. The domand upon the United States Treasurer for silver increases daily, and from all parts of the country. Over $1,000,000 has already been disA fleet of four ships of war tributed. has been ordered to the Mexican coast to proRev. C. A. Kentect American interests. drick, a minister of the Baptist church of Columbus, Ga., was committed to jail on Friday last, in default of bail in the sum of $3,000, charged with the seduction of a girl New York city only thirteen years of age. has more than four thousand lawyers within its limits. It is suggested that if some folks desire to do something extraordinary to celebrate the centennial year, they had better pay their debts. A Virginia editor, whose paper has just suspended, says that he entered the field of journalism under the impression that there were "millions in it." "And 80 there are," he continued, "but they remain in it yet."
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LATEST NEWS. SOUTH AND WEST. Only one million dollars was the cost of the residence in San Francisco of Leland Sanford, president of the Central Pacific railroad. The Atlantic and Pacific telegraph company will at once build new lines from Washington to New Orleans and Mobile, taking in several cities on the way. The City National bank, of Chicago, owing to a run, has suspended, and will go into voluntary bankruptey. Liabilities, $800,000; assets, $130,000 over all liabilities. The other banks of the city are seriously affected by the failure. John Bannock, while working in his field, near Forrest, Ohio, about a week ago, became enraged and killed his little son, in the presence of his little daughter. The latter told some neighbors, and on searching the field the body was found. Bannock was jailed. Orders have been issued to commanding officers at Fort Laramie to, as far as pessible, protect travelers between that point and Custer city, but their force is inadequate to the task other than occasional scouting parties. Serious troublei apprehended from small bands of Indians, who will not attack large well armed parties. Louisiana this year it is said will have the largest crop of native bananas ever grown. The winter has been so mild that the fruit continued to grow throughout the season, and while the leaves were badly burnt by the ice, the fruit was entirely uninjured, and large clusters of half-grown bananas can be seen upon many trees. A dispatch received by General Sheridan from General Crook says the Indians at Red Cloud are on the verge of starvation, owing to neglect in forwarding .supplies; that unless immediate steps are taken to supply them, they will all leave the reservation, and fears are entertained from their present temper, they will make a raid on the whites. The latest reports from the agricultural districts of Louisiana indicate an improvement in the planting operations and the condition of the growing crops. The severe storms early in the season done much damage to outhouses and fences, and the cold snap immediately following killed a good portion of the corn and garden vegetables in a number of districts. The favorable turn in the weather during the last week or two has done much toward making good the damage done, but as yet seeding operations are a week or two weeks late. In the district in and around the parish of Plaquemines, sugar cane is again bearing leaves. Rice planters are plowing but as yet, but little has been sown. In the vicinity of Point Coupee farmers are actively engaged in plowing cotton and corn land, while sugar planting is nearly finished. Farmers in this district are planting more cereals than ever before, but the acreage of cotton will probably be up to the average. In other districts the condition of planting operations about the same as at the places named.
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THE CITY NATIONAL. THE CREDITORS AGREE UPON A BRITLEMENT. The creditors of the City National Thank met Wednesday afternoon, In pursuance of a call by the Committee appointed nt the Grand Pacific meeting of July 14. The Committee had Instructions to in. veetigate the Affairs of the bank and report a basis of actilement. MR. COLTON, of Galesburg, of the Committee, said the report submitted at a previous meeting was not eatisfac. tory, and the Committee had since made a thorough examination, and were ready to report. lle paid Mr. Adams, agent of the Comptroller of the Treasury, had also made a statement of the con. dition of the bank. and forwarded It to Washington. Mr. Adams' letter was read. It gives some figures; states that Mr. Walworth, the Receiver, is doing all he can to administer his tenat lu a fair and Impartial manner, and thinks be will liquidate all the claims against the bank In twelve months. provided the creditors will take 50 per cent in rcal estate. Mr. Colton proceeded to say that the Committee had understood that they could rettle with the bank for 50 per cent in cash and 30 per cent accured by bonds. This would make 80 per cent. which WAA almost as good as money. because these bonds would be guaranteed bonds drawing interest. This would make It $140,000 better than the Committee could have reported before. The following are the statement of assets and the basis of settlement: 80,000 Cash. Including amount with Comptroller 70,000 Bills collectable by January 09,000 Bills slow 85,000 Bills doubtful 5,000 Blonds and stocks doubtful 260,000 Real estate 173,000 Dividend paid 0,500 To pay taxes Total $741,000 175,000 Twenty-five per cent dividend paid 6,500 Taxes paid 45,000 To purchase one-quarter building 210,000 Thirty per cent bonds on building 140,000 Twenty per cent on outside real estate 106,000 Fiftern per cent cash dividend January 70,000 Ten per cent cash dividend July $751,500 Total 18,000 Government to be paid What indebtainees is $700.000.
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sion of payment, it is charged that on the 12th inst. the firm made a sale and conveyance of their stock to Joseph Metzier with intent to defraud the creditors. The firm was organized Jan. 12, 1876, with a capital of $5,000, to manufacture the "Royal car-muff," and about the 13th of January, 1877, Schlesinger, one of the firm, sold all the assets, worth $8,000, to his con-in-law, Joseph Metzler, with intent to defraud the firm creditors. A rule to show cause Feb. 4 was issued and an injunction against Metzler to prevent him from disposing of the goods bought of Schlesinger. August Melsted, a restaurant-keeper at 95 Dearborn street, likewise joined the list of voluntary bankrupts. His preferred debts amount to $100 and the unsecured to $6,312.90. His assets consist of cash $100, and a Justice's judgment for $200 against Col. N. N. Norton, of the Mount Vernon Military Academy. The petition was referred to the Register. Horatio S. Freeman, a boot and shoe dealer at No. 211 West Madison street, also came and gave up his property on condition of getting rid of his debts. The latter amount to $1,303.52 preferred, $1,220.17 secured, and $3,793.42 unsecured. The assets consist of land worth $200; stock of boots and shoes at No. 241 West Madison street, $6,800; fixtures, store, furniture, etc., $100; debts due on open account, $228.75, and $4,000 in fire-insurance policies. The petition was referred to Register Hibbard. R. E. Jenkins was appointed Provisional Assignee. The composition in the case of Walsh & Hutchinson was confirmed. Levy Brothers were adjudicated bankrupt by default. A discharge was issued to Winchester Hall. A composition meeting will be held Feb. 7 in the case of Solomon Salomon. George W. Campbell was appointed Assignee of Abel H. Lyon. The composition meeting in the case of Biddle & Boyd is set for 10 a. m. to-day. A final dividend will be held at 2 p. m. in the case of A. A. Wiswall. ### SUPERIOR COURT IN BRIEF. George C. Clarke began a suit for $1,500 against Helmond Prindiville. Rathbone, Sard & Co. sued Philip B. and Albert F. Doddridge for $1,400. Hibbard & Spencer sued the same parties for $1,000. Carlton Drake sued William Laracy for $1,000. The Chicago Stamping Company began a suit for $9,000 against Seth R. Evans. John A. King brought suit to recover $10,000 of Henry B. Miller. N. H. Walworth, Receiver of the City National Bank, sued Elijah Smith for $2,000. William Selden began an action in attachment against William C. Yeaton to recover $2,563.45. Calvin Day, of Hartford, Conn., filed a bill against Ellen G. Brown, Brown, her husband, Henry D. Williams, Anna J. Williams, Admun I. Williams, Ida L. Williams, and Jens Olsen, administrator, to foreclose a trust-deed for $10,000 on Lot 18, except the west seven feet thereof, and all of Lot 19 in Block 1 of Butler, Wright & Webster's Addition to Chicago. Mary T. Moore sued Merril Ladd for $3,000. Grant & Swift sued the same defendant for $1,600. The Merchants' Savings, Loan & Trust Company brought suit against David A. Gage, W. M. True, and John A. Rice. ### CIRCUIT COURT. Waldstein Mayer commenced an action against the Lake Shore & Michigan Southern Railroad Company, laying damages at $10,000.
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THE COURTS. New Sults-Divorces-Bankruptoles, Judg. ments, Etc. Judge Blodgett yesterday appointed a Receiver for Philip Goldman. It seems that Goldman to December last made an assignment to one Belersdorf of all his assets, consisting only of open accounts. A few days subsequently judgments were recovered against Goldman by Strong, Bust & Moore, of Boston, and- others, and executions issued, but returned unsatisfied. The creditors then filed a creditor's bill, charging that the assignment was fraudulent, and that Goldman had made other fraudulent conveyances. A motion was also made for the appointment of a Receiver, which was insisted by Goldman and his Assignee on the ground that the law of this State in relation to voluntary assignments gave the County Court exclusive control of such matters. Judge Blodgett decided that there was nothlog In the statute of the State which infringed on the domain of a court, of chancory to appoint Receivers, etc., 08 It had constantly been accustomed to do. True. the law gave to County Courts authorsty to see that a verbal assignment was properly executed and carried out, but the voluntary Assignee in such cases had no power to attack the assignment under which he held on the ground of fraud or to set aside fraudulent conveyances made by his assignor timediately preceding the execution of the conveyance to him. Such voluntary Assignee was the mere creature of his assignor, and had no greater rights or powers torecover back property fraudulently conveyed than had the party making the assignment. Bradford Hancock was then uppointed Receiver undera bond for $10,000, which was furnished. THE CITY NATIONAL BANK. A. II. Burjey, Receiver of the City National Bank, filed a petition yesterday stating that among the assets of the bank are Lots 19, 13, 14, 00, and 83 of Walker's Subdivision of all that part lying northwesterly of Blue Island avenue, of Block 7, in Loughton's Subdivision of the W. X of the N. W. 4 of Seca. 30, 30, 14, for which he has been offered $1,050 cash. The bank also owns Lots 3, and 7 to 10 inclusive, and 10 to 27 luclusive, and 31 to 35 Inclusive, in Secrist's Subdivision of 5 acres in the N. E. corner of the & % of the E 3/2 of the S. W. 14 of Sec. 17, 38, 14, for which he is offered 8150 cash. Also Lots 1 to 48 Inclusive, Block 11, in Atwood's addition to Washington Heights, and he has been offered $50 cash for a quit-claim deed. The lots In Secrist's Subdivisfon and Atwood's addition are heavily Incumbered by tax-titles, and the Comptroller refuses to allow them to be redeemed. Under such circumstances, the Receiver thinks the above offer a good one, and be was, therefore, allowed to accept it. AUSTIN VS. AUSTIN. In the divorce case of Ida May Austin vs. William IL Austin, the latter flied an ailidavit yesterday in answer to the rule on him to pay allmony, stating that since the order was made by Judge Moore giving bim leave to acc his child he had paid his wife $38.65 in money, besides giving her her clothing and such articles of furniture from the house as she wished. lle had also paid her attorney 505, with the understanding it was to be in full for his fees. Austio says he 1s now much embarrassed in bustness, and cannot transact business on the Board of Trade because of his inability to pay certain margins. He professes to be willing as long as be can make anything to divide his carnings with his family, and claims no order of Court will be necessary to Induce him to contribute to their support. DIVORCES. Carrie Webster filed her bill yesterday complaining that her husband, Albort E. Webster, made her life iniserable by his cruelty during the two years he lived with hor, and, though he discried her nearly five years, ago, yet she fears a he may return, and will not feel safe from him until divorce. she is formally released by a decree of Stephen J. Lowis In November, 1872, married one Emma Grigdon, but after living with her about four years he discovered another man had a better right to her. And now he magnanimously asks to be allowed to stop down and out in favor of the Drst husband. ITHMS. The Appellate Court will meet this afternoon to hear motions, file opinions, and last, but not least, elect a new Chief Justice. UNITED STATES COURTS. Thomas Sayles filed a bill yesterday against the Pullman Palace-Car Company to prevent it from infringing his patent air-brake. 1 Iliram Sibley begana suit in ejectment against Peter Strow, claiming $3,000 damages, and anD other against Eric Aun for A similar amount. 1 Emil Dietzach, for the use of J. M. Flower, 0 Receiver of the German National Bank, com0 menced & suit In debt for $3,500 against DeWitt 6 II. and Charles II. Curtis. SUPERIOR COURT IN DRIBF. Stephen W. Hawson filed a bill yesterday 1 against Rainh 0. and John L. Sprogte, Georgo Sawin, and the unknown heirs of Malcom Camp. $ bell, to foreclose a trust-deed for $1,700 on Lot 51. in 8. W. Rawson's Subdivision of the S. E. 35 of the N. E. N of the S. E. X of Secs. 13, 80, 13. CIRCUIT COURT. Josephine Rosenstein command a suit for $3,000 against Elizabeth V. Case and
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THE CITY. GENERAL NEWS. F. Bright, of Madison, Wis., is at the Gardner. H. Williams, of Decatur, III., Is at the Gardner. Col. Thomas W. Lyman, U. S. A., is at the Pacific. A. K. Phillip, of St. Louis, Mo., is at the Gardner. C. W. Welden, North Adams, Mass., is at the Tremont. Gus Wilson, St. Louis, is domiciled at the Sherman. William Barge, Dixon, III., is among the guests of the Sherman. A. Verdet and P. Valley, France, are registered at the Palmer. John A. Kasson, United States Minister to Vienna, is n guest nt the Pacific. Edward Rutz, Springfield, III., ex-State Trensurer, is registered at the Pacific. N. C. Roed, Jr., of the Iowa State Register, Des Molacs, is tarrying at the Tremont. S. H. H. Clark, General Superibtedent of the Union Pacific Railroad, 18 at the Pacific. Henry Kipp, Buffalo, President of the United States Express Company, is a guest of the Pa. cific. Francis A. Eastman, Waukesha, formerly Postmaster in this city, is stopping at the Tremont. By a misprint the number of one of the State street saloons shut up by the Mayor's order was given as No. 202. It should have been 363; there is no saloon at the former number. The friends of the Rev. N. P. Heath, Grand Prelate of the Grand Commandery of the State of Illinois, will regret to hear of his very serious illness. Dr. Heath Is now quartered at the Gardner House, under treatment of Dr. Andrews, and will probably have to submit to a surgical operation. A barn in the rear of No. 23 Jefferson street, owned and occupied by S. v. Skinkle, took a tumble yesterday afternoon at. 4 o'clock. the stanchions supporting It having rotted away. The structure fell a distance of four feet, doing no particular damage to the building, nor to the seven horses, together with Mr. Skinklo and his son, who were within it at the time. The eight-hour advocates held a meeting yesterday afternoon at No. 00 West Randolph street for the purpose of discussing a resolution introduced on a former occasion by Mr. A. IL Parsons, sotting forth the benefits of the eighthour system. Mr. Thomas Morgan read a paper to opposition to the movement, while the other side was supported by Mr. Parsons and Mr. John McGilvray. There were about 100 persons in the half, including a few Indies. The Irish Colonization Society bad a meeting yestorday afternoon, the object being to talk up B piente which is proposed to be held Aug. 8. The attendance was not large, and nothing of any public importance transpired. The Society, it. appears, has purchased about 14,000 acres of Kansas lands, or agreed to purchase the same. and is calculating upon occupying them during August. The purpose of the piente Is to get the families of the members of the Society acquainted prior to their starting for their new homes. The Comptroller of the Currency has received an offer of $130,000 for the City National Bank building, and, It is understood, has written to Receiver Burley that, If he cannot get any more, he may apply for an order of sale. One or two parties here are said to be willing to give a little more,-$2,000 or $3,000,-and If they now come to the front the highest bidder can coubtless get the property. In the event of a sale for $130,000, a dividend of 20 per cent could be paid, and as there is a good prospect now of a sale, the hearts of the long-waiting creditors will beat with joy when they hear the good news. A meeting of representatives of the various Iriah societies WAR held at Wall's Itall yesterday afternoon to further arrange for the proposed demonstration of Irish Nationalists to be held August 15. The Committee on Grounds reported that they could get the use of Orden's Grove for 850, or the use of the grounds and houses for $200. and they were instructed to accept the latter proposition. The Executive Committee was increased by the adding of several names, and it was agreed that the proceeds of the demonstration should go to the cause of the Irish Nationalists as heretofore. The Executive Committee meets at Burke's notel Wednesday evening. THE CIGAR-MAKERS' Union held a meeting at 154 Clark street yesterday alternoon, J. Hack in the chair. The object of the meeting was to discuss the eighthour question. Sam Goldwater mades speech upon the question of the moment. He claimed that by working eight hours a working day. a demand would be created for workmen, and their unemployed brethren would soon be employed. The welfare of all other trades meant the welfare of themselves. If the :shoemakers got better wages the cigarmakers would receive the benefit of it. He advocated unity of effort as a means of power. it stood to reason that at eight hours work per day more men would be employed than If they worked ten hours a day. By amalgamating with all other trades, they could wield a power which they could not have individually. There should be no antagonism between different Unions or between members of the same Union. A Trades Council had been established In this city composed of some twenty-two Trades Unione which doing
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RECEIVER'S SALE. # RECEIVER'S SALE Of all the Real Estate of the City National Bank of Chicago, in Liquidation. Notice is hereby given that proposals will be re- celved until Aug. 18, 1870, for all of the real estate be- longing to the estate of the City National Bank of Chi- cago, which will be sold to the highest bidder for cash, subject to the approval of the Comptroller of the Cur- rency and of the United States District Court. All bids must be submitted in writing. Bids held as confiden- tial, schedules and information will be furnished on application to A. H. BURLEY, Receiver, 150 Lake-st.
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ITEMS. The case of the Chicago & Iown Rallroad Company came up before Judge Drummond yesterday, on a motion to restore the property to the Company on the ground that all its debts had been paid, and there was no further use of a Receiver. Judge Cothrau, one of the attorneys, was absent, and the nintter went over to Monday morning. The Appellate Court will resume its call Tuesday morning. Opinions will also be filed the same day. A certificate of good moral character was yesterday Issued to Olln A. McFarland by Judge Moran, on motion of II. B. Hurd. Another sult was begun yesterday to prevent the leasing of the school property on Halsted and Madison streets to Crilly & Illair, the complainant being W. E. Chamberlin. A' motion for an Injunction will be made this morning before Judge Moran. The Receiver of the City National Bank was authorized by Judge Blodgett yesterday to compromise n claim on n note for $2,518.33 against Robert Rao for the sum of $800.
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NATIONAL MATTERS. National Bank Dividends-More Talk of an Extra Session-Gold and Silver Prospects According to Secretary McCulloch, WASHINGTON, D. C., Feb. 28.-Rear Admiral Jewett, commanding the North Atlantic station, has been instructed to send a vessel of his squadron to relieve a number of destitute American citizens in the vicinity of Living. ston, on the west coast of Central America, where they bad gone for the purpose of engaging in work on the projected railroad. It is estimated that there has been a decrease of a little more than $3,000,000 in the public debt during February, The Comptroller of the Treasury has declared dividends payable to the creditors of insolvent National Banks as follows: The First National Bank, of Anderson, Ind.. third dividend, 14 50-100 per cent., making in all 39 50 100 per cent.; Hot Springs National Bank, of Hot Springs, Ark., second dividend, 20 per cent., making in all 50 per cent.: City National Bank of Chicago, Ill., final dividend,of 512 1,000 of one per cent., making in all 77 512-1,000, Senator Fair succeeded to-day in calling up and of having passed the bill reimbursing Harris Boy le and Mr. Babble, settlers on Duck Val ey Indian reservation, in Nevada, for the value of the improvement taken and appropriated by the Government for public use, amounting to $5,400. On motion, Senator Fair also bad passed, under a suspension of the rules, a bill providing for the payment of $9,021 to John M. Dorsey and William F. Shepherd, for beef sup. plies furnished the troops engaged in quelling the Indian disturbance in 1860 in that portion of Utah now the State of Nevada. =The probability of an extra session is again the subject of comment among Congre-smen. The Senate Committee on Appropriations has before it as much for three and a half days, including Sunday, as it would undertake to perform in as many weeks if the session were a long one. Members of the committee express the hope that they will be able to present the remaining bills to the Senate in time for action, but to do so will require them to work night and day. Two of the remaining bills, the Deficiency and Sundry Civil, are measures of indefinite detail, and their careful scrutiny at best by sub committees is held to be an imperative duty. Committee meetings will be in progress all day to-morrow and every night-perhaps ali night-until the final djournment. Secretary McCulloch said to-night, in speaking of the silver question, while be regretted the action of the House, he thought there was no danger that the country would be brought to the silver standard at an early day. "The condition of the country now," he added, "is favorable for the maintenance of the gold standard, inasmuch as the balance of trade is in our favor, and there are no prospects of its being against us for some months to come, Besides, there is 8 large amount of goid in this country outside of what is held by the Governmentand banks. and there is little disposition on the part of the American people to hoard their money.' The grand jury returned an indictment for embezzlement against D. W. Middletón and 8. E. Middleton, of the late firm of Middleton & Co., bankers of this city, The same jury found a number of indictments against Daniel Carrigan, late Chief Clerk of the Bureau of Medicine and Surgery of the Navy Department, for making and using false vouchers.
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NATIONAL MATTERS. National Bank Dividends-More Talk of an Extra Session-Gold and Silver Prospects According to Secretary McCulloch. WASHINGTON, D. C., Feb. 28.-Rear Admiral Jewett, commanding the North Atlantic station, has been instructed to send a vessel of his squa ron to relieve a number of destitute American citizens in the vicinity of Living. ston, on the west coast of Central America, where they bad gone for the purpose of engaging in work on the projected railroad, It is estimated that there has been a decrease of a little more than $3,000,000 in the public debt during February, The Comptroller of the Treasury has declared dividends payable to the creditors of insolvent National Banks as follows: The First National Bank, of Anderson, Ind, third dividend, 1450-100 per cent., making in all 39 50 100 per cent.; Hot Springs National Bank, of Hot Springs, Ark., second dividend, 20 per cent., making in all 50 per cent.: City National Bank of Chicago, Ill.. final dividend, of 512 1,000 of one per cent., making in all 77 7 512-1,000. Senator Fair succeeded to-day in calling up and of having passed the bill reimbursing Harris Boyle and Mr. Babble, settlers on Duck Val'ey Indian reservation, in Nevada, for the value of the improvement taken and appropriated by the Government for public use, amounting to $5,400. On motion, Senator Fair also had passed, under a suspension of the rules, a bill providing for the payment of $9.021 to John M. Dorsey and William F. Shepherd, for beef sup. plies furnished the troops engaged in quelling the Indian disturbance in 1860 in that portion of Utah now the State of Nevada. The probability of an extra session is again the subject of comment among Congressmen. The Senate Committee on Appropriations has before it as much for three and a half day, including Sunday. as it would undertake to perform in as many weeks if the session were a long one. Members of the committee express the hope that they will be able to present the remaining bills to the Senate in time for action, but to do so will require them to work night and day. Two of the remaining bills, the Deficiency and Sundry Civil, are measures of indefinite detail, and their careful scrutiny at best by sub committees is held to be an imperative duty, Committee meetings will be in progress all day to-morrow and every night-perhaps all right-until the final adjournment. Secretary McCulloch said to-night, in speaking of the silver question, while he regretted the action of the House, he thought there was no danger that the country would be brought to the silver standard at an early day. "The condition of the country now," he added, 'is favorable for the maintenance of the gold standard, inasmuch as the balance of trade is in our favor, and there are no prospects of its being against us for some months to come, Besides, there is a large amount of gold in this country outside of what is held by the Governmentand banks. and there is little disposition on the part of the American people to hoard their money." The grand jury returned an indictment for embezzlement against D. W. Middleton and 8. E. Middleton, of the late firm of Middleton & Co., bausers of this city. The same jury found a number of indictments against Daniel Carrigan, late Chief Clerk of the Bureau of Medicine and Surgery of the Navy Department, for making and using false vouchers.
New Dawes Bank Opens For Business In Chicago City National Takes Over All Banking Trade of Central Trust Oct. National Bank Trust General Charles chairman the board opened today taking the deposit liabilities business Central Republic Bank Trust Company. Central Republic tinue operate trust real estate departments its InvestThe sharing the same the Central although from the bank he founded 30 ago tral the presidency the Central dent the City National, and Otis, Republic succeeds president Central Republic Bank Trust Company. The Dawes to form added capital, Central Republic known time loan the about half which utilized FOR CHANGE the the new bank, explained that declining posits increasingly ficult to meet fixed rental obligalions and other charges, and tinued operating result ultimately forced liquidawould meant sacrifice the During early of period been abroad ambassador Great and temporarily tired from activity. months quit polithe ties and reorganization of the bank