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TELEGRAPH Crisp News of This Day Concerning Important Occurrences. Sent Special to The Light by the Associated Press and Southern Atternoon Press Assn. Another Drop at Louisville. LOUISVILLE, July 25.-The Louisville Deposit bank has suspended.
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Two Go at Louisville, LOUISV ILLE, Ky., July 25, 1893-The Merchants National National Bank suspended payment this morning A little later the Louisville Deposit Bank also closed its doors.
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dianapolis National Bank failed to open its doors this morning. AN INDIANAPOLIS BANK. INDIANAPOLIS, July 25.-The Bank of Commerce did not open its doors this morning. The statement of the Indianapolis national bank on July 14, showed resources, $2,318,154. Liabilities: Due depositors, $1,194,586; United States deposits, $193,100; (deposits of disbursing officers, $106,900; due other national banks, $146,503;due banks, $73,579; notes and bills rediscounted, $51,187; bills payable, $58,000. Capital stock, $300,000; surplus, $100,000; undivided profits, $44,448. The Indianapolis, National was considered one of the strongest banks in the city and was designated the depository of the United States. President Theodore Haughey, last night, consulted with other bankers, having previously secured $50,000 to tide him over yesterday. He said the failures at Louisville and New Albany had aggravated the local situation and it was thought best to suspend. The Bank of Commerce has not been one of large deposits, and the failure will not have much effect locally. Theindebtedness is said to be $150,000. At 11 o'clock a heavy run was being made on the Indiana National. The Louisville Deposit Bank has failed. A LOUISVILLE BANK. LOUISVILLE, Ky., July 25.-The Merchants' National bank has suspended. The Fourth National bank has sus. pended. AT MILWAUKEE. MILWAUKEE, July 25.-The Wis. consin Marine and Fire Insurance Company Bank closed its doors this morning. The bank was commonly known as the Mitchell bank. The notice on the door says it is closed on account of the monetary stringency. The statement
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And Yet Another, By Associated Prems to The News: LOUI-VILLE, July 25.-The Louisville Deposit Bank has suspended.
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SHUTTERS UP IN LOUISVILLE. One Bank Failure Follows Another in the Kentucky City. LOUISVILLE, July 25.-The Merchants' National Bank closed its doors at 10 o'clock this morning. This is the third national bank of this city which has suspended since Saturday. It was the steady and growing demand from the country banks which caused the trouble. President J. H. Lindenberger says the bank is abundantly solvent, and there is no doubt that the depositors will be paid in full. He also says the stockholders will receive face value for their shares. The Merchants' National Bank was organized as a state bank in 1860 and became a national institution in 1874. Its capital stock is $500,000. At 10.30 the Louisville Deposit Bank was closed. It was organized a little over a year ago by Moses Schwartz, its president, with a paid up capital of $300,000. It was started at a bad time, and was refused admittance to the Clearing House. It however seemed to prosper for awhile, and at one time its stock sold above par. It might have pulled through but for the suspension of the three national banks. The Fourth National Bank is also among the victims.
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Business Difficulties. LOUISVILLE, July .-The Merchants National. the Fourth National and the Louisville Deposit bank did not open this morning. There were rune on other banks, mostly small, but all stood the storm. None of the failures AIR considered bad. Depositors of the two national banks will be paid in full. MILWAUKEE. July 25.-The Wisconsin Marine and Fire Insurance bank closed its doors this morning. It was commonly known as the Mitchell bank. None of the other banks were affected. INDIANAPOLIS, July 25.-The Bank of Commerce and the Indianapolis National did not open their doors this morning.
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COLLABSES IN LOUISVILLE, A Memorable Day-Four Banks Close-All Said to be Solvent. LOUISVILLE, Ky., July 25.-To-day was a memorable one in the financial situa. tion of this city, The Merchants National Bank closed its doors at 10 o'clock and was followed half an hour later by the suspension of the Louisville Deposit Bank. Both failures were caused by the heavy demands from country banks, the local runs being comparatively insignificant. President Lindenburger, of the Morchants National, saya depositors and stockholders will be paid in full. Two other banks followed in the wake and closed their doors also. The last statement of the Fourth National showed total-resources of $848,401 88, and liabilities of 848,401 88. Among other bankers the Merchants' National has not been regarded with any supicion owing to a fair statement made by order of the comptroller of currency on July 12, when the condition of the bank showed liabilities and assets $1,615,156 73. The last statement of the Louisville Deposit Bank shows total resources $839,575 27 and liabilities $839,575 27. Cashier Oehtigschlager assures the depositors that they will lose nothing. President Davis, of the Fourth National, was seen just after the closing of the doors. "All the information I have to give out at this time,' hesaid, "is that no one will lose a mill by our suspension." The Sweetwood Distillery Company also made an assignment, by its president, Moses Schwartz, at 12:45 o'clock to-day, to the Germania Safety Vauit and Trust Company. Mr. Schwartz could not say what the liabilities amounted to and felt too bad to talk about the matter.
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ANOTHER BANK FAILS, Louisville's Fourth Bank Forced to the Wall-Other Failures. LOUISVILLE, KY., July 25.-The Fourth National Bank threw up the sponge at 1:18 o'clock this afternoon after a hard fight. A run during the morning with a drain from the country banks caused the suspension. President George Davis was seen just after the closing of the doors. "All the information we have to give out at this time," he said, "is that no one will lose a mill by our suspension." Four national banks have thus far suspended since Saturday. The officers of the Merchants' National Bank assert their solvency. Depositors and stockholders will receive dollar for dollar. By 10:30 o'clock it became evident to the directors of the Louisville Deposit Bank that they could not meet the day's demands. As the general condition of financial affairs was such as to preclude the hope of outside assistance the directors ordered the doors to be closed, and the papers were preparing making an assignment to the Germania Trust Company. The deposit bank was organized a little over a year ago by Moses Schwartz, its president, with a paid-up capital of $300,000. It was started at a bad time, and was refused admittance to the Clearing House. It, however, seemed to prosper for a while, and at one time its stock sold above par. It might have pulled through, but for the suspension of the three national banks. The Gibraltar of Finance Gees Under MILWAUKEE, WIS., July 25.-The Wisconsin Fire and Marine Insurance Company Bank closed its doors this morning. This is Senator Mitchell's bank and has been considered the strongest bank in the city. MILWAUKEE. WIS., July 25.-There were many dramatic and even touching scenes in and about the closed Mitchell
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More Bank Suspensions. INDIANAPOLIS, IND. July 3.-The Bank of Commerce did not open its doors this morning. INDIANAPOLIS, IND., July 25. - The Indianapolis National Bank suspended this morning. LOUISVILLE, Ky., July 25.-The Merchants' National Bank suspended payment this morning. MILWAUKEE. WIS., July 25.-The - Wisconsin Marine- and Fire-Insurance Company Bank closed its doors this morning. This is Senator Mitchell's bank and has been considered the strongest bank in the city. TOLEDO, O., July 25.-The Farmers' National Bank of Findlay, O., closed its doors at noon to-day. No excitement prevails, and the other three banks in the city are prepared for any run that may follow. LOUISVILLE, Ky., July 25.-The Fourth National Bank threw up the sponge at 1:18 o'clock this afternoon after a hard fight. A run during the morning, with a drain from country banks. caused the suspension. President George Davis was seen just after the closing of the doors. "All the information we have to give out at this time," he said, "is that no one will lose a mill by our suspension." Four national banks have thus far suapended since Saturday. The officers of the Merchants' National bank assort their solvency. Depositors and stockholders will receive dollar for dollar. By 10:30 o'clock it became evident to the directors of the Louisville Deposit Bank that they could not meet the day's demands, and as the general condition of financial affairs was such as to preclude the hope of outside assistance, the directors ordered tne doors to be closed, and papers were prepared making an assignment to the Ger. maus Trust Company.
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Further Failures of Financial Institutions. Three More Louisville Banks Suspended. Two Big Concerns at Indianapolis Close Doors. The Financial Gibraltar of Bilwaukee Succumbs to the Assaults of Depositors-A Failure at Findlay, O. By the Associated Press. LOUISVILLE, Ky., July 25.-The Louisville Deposit bank, the Merchante' National bank and the Fourth National bank suspended today. There were runs on several other banks, mostly small, but all stood the strain. The failure of the Merchants' National was caused by withdrawals of country banks. The Deposit bank is not a member of the clearing house, and none of the other banks would assist it. The Fourth National bank failed as the result of the panic caused by the failure of the others. None of the failures are considered bad. The depositora of the two national banks will be paid in full. The last statement of the Fourth National showed a paid in capital stock of $300,000, a surplus fund of $37,000, and undivided profits, $27,956. The Merchants' had a paid in capital of $500,000; eurplus, $100,000; undivided profite, $21,384. The Deposit bank's statement showed a capital stock of $300,000; undivided profits, $19,155. All the bank officials express confidence that no one will lose a cent if they can get time to realize on their assets. Shortly after the assignment of the Deposit bank President Schwartz filed an individual assignment of all his personal property to the same assignee. The Sweetwood Distillery company also made an assignment, Mr. Schwartz being president of that company also. No statement is yet prepared. Jacob Schwartz, brother of the bank president and who has been in the liquor business a number of years, suapended late this afternoon. He owes $70,000.
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LOUISVILLE BANKS SUCCUMB. Three Yield to Heavy Withdrawals of Deposits. Louisville, Ky., July 25.-The Merchants' National Bank suspended payment this morning. The Fourth National bank threw up the sponge at 1:18 o'clock this afternoon after a hard fight. A run during the morning, with a drain from country banks, caused the suspension. President George Davis was seen just after the closing of the doors. "All the information we have to give out at this time," he said, "is that no one will lose a mill by our suspension." Four national banks have thus far suspended since Saturday. The officers of the Merchants' National Bank assert their solvency, and that depositors and stockholders will receive dollar for dollar. By 10:30 o'clock it became evident to the directors of the Louisville Deposit Bank that they could not meet the day's demands. As the general condition of financial affairs was such as to preclude hope of outside assistance, the directors ordered the doors to be closed, and papers were prepared making an assignment to the Germania Trust Company. The Deposit Bauk was organized a little over a year ago by Moses Schwarze, its president, with a paid up capital of $300,000. It was started at a bad time, and was refused admittance to the clearing house. It, however, seemed to prosper for awhile and at one time its stock sold above par. It might have pulled through but for the suspension of three national banks. A NEGRESS STARTS A RUN. At 1 o'clock this afternoon a small run was caused on the German Bank by an old colored woman who had $50 deposited there. She did not have a certificate with her, and lovdly demanded that she be given her money without identification. The noise she made attracted attention, and in a few moments a hundred people were about. The bank officials had a strong box, said to contain $300,000, brought over from the Louisville Trust Company. The money was spread out on the counter and the cashior announced that he was ready to pay off any and all claims. A few of the small depositors drew their money, but the others were spedily satisfied that the BGerman ank was in no:danger and left. Subsequently a heavy run started on the German Bank and continued up to 3 o'clock. The bank has over $500,000 in cash and $1,500,000 worth of securities, which can be turned into money at a moment's notice. Several banks kept open until 6 o'clock.
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A CRITICAL DAY IN LOUISVILLE. MERCHANT NATIONAL, THE LOUISVILLE DEPOSIT AND THE FOURTH NATIONAL SUSPEND. Louisville, July 25.-This will prove a memorable day in the financial history of Louisville. At 10 o'Clock this morning the Merchants' National Bank posted a notice of syspension and half an hour later the failure of the Louisville Deposit Bank was announced. By this time there were runs upon half a dozen banks in the city. They all stood the pressure except one-the Fourth Navional-which closed its doors in the Board of Trade building at 1 o'clock. At that hour the excitement was running high and every one of half a dozen banks was crowded with depositors, who were in line waiting their turn with the paying-teller. The first failure of the present crisis was that of the Kentucky National Bank, on Saturday. Then came the Louisville City National Bank on Monday. The failure of the Merchants' National to-day was caused by the withdrawals of country banks and country depositors. The Louisville Deposit was the only bank in the city not a member of the Clearing (House Association, and in Its time of need none of the other banks would give it any assistance. The suspension of the Fourth National was a result of the ranic. For a week there has been a steady pulling out of deposits. This changed into a rún after the suspension of the Kentucky National last Saturday and the run continued Monday and Tuesday and until all the funds were exhausted to-day. The failures are not considered bad ones. Depositors in the two National banks will be paid in full and the loss to stockholders will not be more than 60 per cent in either case. The Merchants' National Bank is capitalized at $500,000 and J. H. Lindenberver is president. The Fourth National has a capital of $300,000 and a surplus of $35,000. George Davis is president. The Louisville Deposit Bank has a capital of $300,000 and a surplus of $16,128. Moses Schwartz is president.
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A Big Liquor Dealer Suspends. LOUISVILLE, July 26.-Jake Schwartz. the liquor dealer. announced that he had suspended. He owes $70,000. He is a brother of Moses Schwartz, president of the assigned Louisville Deposit bank.
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Louisvllle Banks. LOUISVILLE, Ky., July 25.-This will prove a memorable day in the financial history of Louisville. At 10 this morning the Merchants' National bank posted a notice of suspension, and a balf hour later the failure of the Louisville Deposit bank was announced. By this time half a dozen banks in the city were being run on by depositors, mostly small ones. They all withstood the pressure except one, the Fourth National, which closed its doors. Excitement ran high and every one of a half dozen banks was crowded with depositors in line waiting his turn with the paying teller. The first failure of the present crisis was that of the Kentucky National bank Saturday. Then came the Louisville City Monday and the Merchants' National. the Louisville Deposit, and the Fourth National today. The failure of the Merchants' National was caused by withdrawals of country banks and country depositors. The Louisville Deposit was the only bank in the city not a member of the Clearing House association, and in its time of need no other bank would give it assistance, The suspension of the Fourth National was the result of a panic. For a week there has been a steady pulling out of deposits. This changed into a run after the suspension of the Kentucky National last Saturday. and even continued Monday and Tuesday and until all funds were exhausted today. None of the failures are considered bad ones. The depositors in the two national banks will be paid in full and the loss to stockholders will not be more than 60 per cent in either case. The Merchants' National bank was capitalized at $500,000 and J. H. Lindenberver was president. The Fourth National's capital is $1,000,000 and the surplus $35,000. Geo. Davis is president. The Louisville Deposit bank has a capital of $300,000 and a surplus of $16,128. Moses Schwarts is president.
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LOUISVILLE BANKS. Three of Them Close Their Doors and Suspend. LOUISVILLE Ky., July 25.-The Merchant's National bank has suspended. The Louisville Deposit bank has also failed. The Fourth National bank has suspended. There wereruns on several other banks, mostly small ones, but all stood the strain. The failure of the Merchant's National was caused by the withdrawal of country banks' deposits. The bank is not a member of the clearing house and none of the other banks would assist it. The Fourth National tailed as the result of the panic caused by the failure of the others. None of the failures are considered bad. The depositors of the two national banks will be paid in full. The Merchant's National has a capital of $500,000 and the Fourth National a capital of $300,000; surplus, $35,000. The Deposit bank has a capital of $300,000 and a surplus of $16,000. The last statement of the Fourth National showed a paid in capital stock of $900,000; surplus fund, $35,000; undivided profits, $27,950. The Merchants' had a paid in capital of $500,000; surplus, $100,000; undivided profits, $21,384. The Deposit bank statement showed a capital stock of $300,000; undivided profits, $19,155. All the bank officials express confidence that no one will lose a cent if they get time to realize on assets. Shortly after the assignment of the Deposit bank President Schwartz filed an individual assignment of all his personal property to the same assignee. The Sweetwood Distillery company also made an assignment, Mr. Schwartz being president of that company also. No statement is yet prepared. Jacob Schwartz, brother of the president, and who has been in the liquor business a number of years, suspended late this afternoon. He owes $70,000.
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THE FINANCIAL SITUATION. A Perceptibly Easter Feeling at Louisville Yesterday. LOUISVILLE, July 26.-The financial situation is perceptibly easier to day. Yesterday's storm, which closed three banks, has relieved the surcharged at. mosphere in money circles, and the worst is believed to be over. Those banks which have stood the drain till now are in little danger of going down, as the greatest pressure has passed off. The country banks, which caused all of the trouble, have done all the harm that lies in their power. The local sitbation has never been at all serious. A number of smaller depositors, it is true, have taken alarm. and withdrawn their deposits from some of the banks, but the drain from this source has not been sufficient to cause any embarrassment. Most of the banks received big bundles of cash this morning from outside places. One bank, which was the subject of rumor, raised $300,000 in Chicago, which placed it on a solid basis. NASHVILLE, Tenn., July 26.-B. S. Lowenthal & Son and M. J. Levy & Son, wholesale whiskey dealers, and Sulzbacher Bros., proprietors of the Hermitage vinegar factory and large produce dealers, made special assignments today. The failures are direc.ly due to the failure of the Louisville Deposit Bank, which is a large creditor of the assignors.
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LOUISVILLE'S TROUBLES. The Merchants National and Louisville Bank of Deposit Close Doors. LOUISVILLE, July 25.-The Merchants National bank closed its doors this morning. This is the third National bank of this city which has suspended since Saturday. It was the steady and growing demand from the country banks which caused the trouble. President Lindenberger says the bank is abundantly solvest and there is no doubt depositors will be paid in full. Its capital stock is $500,000. At 10:30 the Louisville Deposit bank was closed. It was organized a little over a year ago by Moses Schwartz, its president, with a paid up capital of $300,000. It was started at a bad time and was refused admittance to the clearing house. It, however, seemed to prosper for a while, and at one time its stock sold above par. It might have pulled through but for the suspension of the three national banks. Another Milwaukee Bank Failure. MILWAUKEE, Wis., July 25.-The Fire and Marine Insurance bank closed to-day. The last statement of the bank rendered on the first of the month showed total resources of $8,946,344, and total liabilities of ₹ 88,946,844. Cashier Murphy made the following statement: "We have been subjected to a conitant drain for some time and have realized on every asset on which the bank could get money on short notice; we felt that under existing circumstances it was only a question of time when suspension would inevitably come and therefore decided to close. This bank is not insolvent by any means and only time is needed to realize enough money to meet every liability."
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BUSINESS HOUSES IN TROUBLE. FAILURES CONTINUE TO BE REPORTED AT WIDELY SEPARATED POINTS. Cleveland, July 26.-The Avery Stamping Works today passed into a receiver's hands to avoid making an assignment. The concern Is perfectly solvent, but is unable to get further accommodations from the banks, which already hold $100,000 of 11s paper. Assets are estimated at $400,000, and liabilities about $300,000. The matter came to a head through the action of the Junetion Iron Company, of Stenbenville, Ohio, which wanted $31,411 46 due It. The works will be operated on unfinished goods until the stock on hand is exhausted. The large drygoods firm of H. M. Brown & Co. made an assignment this afternon to JI. F. Carlton, clerk of the United States District Court. Assets amount to $125,000, and liabilities to $100,000. George B. Thirkield, dealer in drygoods at Delaware, Ohio, made an assignment yesterday, having confessed judgment on notes aggregating $40,000. His assets are estimated at $60,000. Milwaukee, Wis., July 26.-The Wisconsin Bank Note and Lithographing Company made an assignment to-day to August P. Conrad. The failure of the J. Obermann Brewing Company yesterday was due to the suspension of the Wisconsin Marine and Fire Insurance Company Bank. The assets of the Brewing Company are nominally $500,000, while the liabilities are given as $294,000. Large credit had been given to the Obermanns by the bank, and in return for the loans the latter holds a mortgage on the brewing plant for $125,009. the remainder of the liabilities to the bank, which ambunt to $189,000, being in the shape of well secured commercial paper. Judge D. S. Rose, attorney for the brewery, says It will continue its business, which Is especially good at this time, and will pay off its debt soon after It secures new banking relations. Nashville, Tenn., July 26.-R. S. Loventhal & Son and M. J. Levy & Son, wholesale whiskey dealers. and Sulzbacher Bros., proprietors of the Hermitage vinegar factory and large produce dealers. made special assignments to-day. The failures are directly due to the failure of the Louisville Deposit Bank, which is a large creditor of the assignors. Philadelphia, July 26.-Executions upon judgments aggregating $71,000 were issued to-day against La Roche & Stahl, florists, of this city. Atlanta, Ga., July 26.-A temporary receiver was appointed last night for P. H. Snook & Son, furniture dealers. Assets and liabilities not given. Dallas, Tex., July 26.-The old and widely known land, loan and collecting agency of Murphy & Bolanz, the biggest concern of the kind in Texas, made a gen. eral assignment yesterday. No schedule of assets or Habilities has yet been filed. but as the firm did an enormous business the chances are that the liabilItles will reach $500,000, and the assets fully that amount. The firm Is composed of John P. Murphy and Charles F. Bolanz, and on Saturday they Incor porated under the name of the Murphy-Bolanz Land and Loan Company. It 1s understood that they will try to continue in business. It Is not thought that the failure will involve other houses.
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President M. Schwarts, of the suspended Louisville Deposit bank, has assigned all his personal property. The Sweetwood distillery, of which Behwarts is president, has assigned. Jacob Schwarts, a liquor dealer, brother of M. Schwarts, has also assigned. He otree $70,000. Five cases of cholera and two deaths are reported from Smyrna. Asia Minor.
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Bank Failures in Louisville. LOUISVILLE, July 26.-The Merchants National bank suspended payment Tuesday. At 1:30 o'clock in the afternoon the Fourth National bank closed its doors. By 10:30 o'clock it became evident to the directors of the Louisville Deposit bank that they could not meet demands. As the general condition of financial affairs was such as to preclude the hope of outside assistance the directors ordered the doors to be closed, and the papers were prepared making an assignment to the Germania Trust company. The Deposit bank has a paid up capital of $300,000. It might have pulled through but for the suspension of the three national banks.
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THE FINANCIAL SITUATION. On the 25th the Mitchell bank at Milwaukee closed its doors Its deposits amount to nearly $3,000,000, assets $9,000,000. At Indianapolis the Indianapolis National bank and the Bank of Commerce closed their loors. Joint liabilities $2,500,000. Three banks at Louisville, Kentucky, also falled on the 25th. They are the Merchants' National, the Fourth National and the Louisville Deposit bank. None of the failures are considered bad ones. Depositors in the two national banks will be paid in full, and the loss to stockhoMers will not be more than 60 per cent. In either case. The situation on the New York stock exchange on the 26th was critical and a panic was narrowly averted. The news that the Erle railroad had gone into the hands of a receiver was largely responsible for the break in stocks which felt from 1 to 4 points. H. I. Nicholas & Ea. brokers, assigned.
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MILWAUKEE, July 26.--The Wisconsin Fire and Marine Insurance Co. bank closed its doors Tuesday morning. This is Senator Mitchell's bank. and has been considered the strongest bank in the city. This is the fourth erash in this city. At 10 o'clock Tuesday morning the following notice was posted on the doors of the bank. "By reason of the stringency in the money market this bank is closed by order of the bo. rd of directors. J. P. MURPHY, Cashier." This bank, which has generally been known as "Mitchell's bank," as Senator Mitchell, and his father before him, the late Alexander Mitchell, had been the principal stockholders, was considered the very strongest bank in the city, and during the troubles of June and this week, there have been comparatively unimportant runs on it. The bank was closed up on an action brought by Benjamin Weil, real estate man, who alleged that the bank owed him $8,341.71, which it was unable to pay. On motion of B. K. Miller, Judge Johnson appointed Washington Becker receiver, under bonds of $1,000,000. This bank is the city depository, and at the present time holds $1,685,000 of the city's money. INDIANAPOLIS, Ind., July 26.-The Indianapolis national bank, capital $800,000, closed its doors Tuesday morning. No statement has been made as to its condition, except that the failure is for $1,200,000. For many years the Indianapolis National has been regarded as among the strongest banks in this city. The suspension of the bank is due to the general financial stringency. The Bank of Commerce also suspended Tuesday morning. Indianapolis is in a fever of excitement. At nearly all the banks there are depositors drawing out their money, but there is not as yet a sustained run on any one of them except Fletcher's bank. This is one of the oldest in the city and is regarded as one of the soundest and most conservative financial institutions in the west. LOUISVILLE, July 26.-The Merchants' national bank closed its doors at 10 o'clock Tuesday morning. This is the third national bank of this city which has suspended since Saturday. There was a small local run on the Merchants national Tuesday morning, but that would not have affected the bank. By. 10:30 o'clock it became evident to the directors of the Louisville deposit bank that they could not meet the day's demands. As the general condition of financial affairs was such as to preclude the hope of outside assistance the directors ordered the doors closed, and the papers were prepared, making an assignment to the Germania Trust Co. At 1:30 o'clock Tuesday afternoon the Fourth national bank also closed its doors.
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Another at Milwaukee. Milwaukee, July 25.-Tbe Wisconsin Fire and Marine Insurance Bank closed their doors thisemorning. Milwaukee people had become imbued with the idea that this old bank was a gibraltar of finance and could not credit the report that it had closed. Cashier Murphy says the bank has been subjected to a heavy strain and the end was inevitable, but that the bank was not insolvent and only time was needed to meet every liability, Washington Becker has been appointed receiver. The city of Milwaukee has one million six hundred thousand dollars in the bank and will probably have to temporarily suspend payment. In the Hands of a Receiver. SANDUSKY, O., July 25.-The G. B. Hodgman Manufacturing Company, manufacturers of cooperage and bridge timber and wholesale dealers of lumber, have gone into the hands of a receiver. Assets Exceed Liabilities. LOUISVILLE, July 25.-The Fourth National bank of this city closed its doors at 1 o'clock. The cashier states that the assets largely exceed the liabilities, but the bank was unable to realize on securities. Iron Merchants Assign. Sr. Louis, July 25.-Ripley & Bronson, iron merchants, assigned this morning. Their liabilities are one hundred and fifty thousand dollars and assets probably about the same. Their Assets One Million. CHICAGO, July 25.-Parkhart & Wilkinson, iron merchants, have assigned. Their assets are $1,000,000, with liabilities not stated. Liabilities Not Given. LOUISVILLE, Ky., July 25.-The Louisville Deposit bank failed today. No statement of its liabilities is given. Still Another Louisville Bank. LOUISVILLE, Ky., July 21.-The Merchants' National bank suspended at noon. Assets and liabilities are not given.
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CARLISLE IN COURT. Appears in a Case at Louisville and is Successful. Louisville, Ky., June 29.-John G. Carlisle appeared in the law and equity court today, representing the defendant in the case of A. J. Speckert against the German National bank. The case, which is that of one of the stockholders of the defunct Louisville Deposit bank to recover on account of fraudulent conspiracy in organizing the Louisville Deposit bank, the sum of $251,000, which the German National bank unloaded in worthless debts on the Deposit bank, came up before Judge Toney on the final arguments on the points of law before submitted to the judge. During his statement Mr. Dodd, attorney for the plaintiff, was interrupted by the district attorney, who told him that in order to simplify matters he would tender the petition of the receiver of the German National bank, in which the latter asked that he be made a party to the suit. Mr. Dodd argued that the receiver was not a necessary party. Mr. Carlisle made a ten minutes' speech in support of the receiver, in which he said that it was necessary for the receiver to be made a party to the suit. In support of his contentions he read several decisions on the subject. After Mr. Carlisle had finished the case was submitted to the judge, who immediately made the receiver a party to the suit and transferred it to the United States court, which sustains Mr. Carlisle and his associates.