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California Bank Failure. Fresno, Cal., April 12.-The Fresno Loan & Savings bank suspended business to-day. A notice on the door says depositors will be paid in full, but that inability to realize on securities makes it impossible to meet present demands.
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California Loan Company Broke. FRESNO, Cal., April 12. -The Fresno Loan and Savings bank suspended business today. The notice on the door says the depositors will be paid in full, but the inability to realize on securities makes it impossible to meet present demands.
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BRIEF TELEGRAMS. Today's statement of the condition of the treasury shows BU available cash balance of $185,181,112; gold reserve, $90,847,204. An unknown prisoner confined in Westwood jmil, Onio, for housebreaking, was fatally shot by Marshal Carter while attempting to escape. The Fresno Loan and Savings Bank suspended business today. A. notice on the door says the depositors will be paid in rull. After hearing witnesses the coroner at Covington, Ky,, this afternoon rendered as verdict or self-defense in the case of J. L. Sanford, killed yesterday by Senator William Goabel,1 The Arapahoe county commissioners voted today to subscribe $100,000 10ward the proposed international mining and industrial exposion in Denver In 1896. The governor of Iowa was notified this morning that N company of the Iowa National guard at Centreville had been called to Cincinnati, Ia., to quell a disturbance by miners. Peter Wihe, a Swiss inventor, dving in Chicago, shot himself fatally last night. Financial troubles caused the suicide. Wins was an exhibitor at the California Midwinter fair, receiving " uiploma. The comptroller of the currency today appointed John Perry, of Kansas City, receiver of the National bank of Kansas City, Mo., which suspended payment March 16, 1895, and John F. Smith, of Fort Worth, Texas, receiver for ity National Bank of Fort Worth, which suspended April min, 1895.
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A Savings Bank Suspends. The Fresno, Cal., Loan and Savings Bank suspended business yesterday. A notice on the door says the depositors will be paid in full, but inability to realize on securities makes it impossible to meet demands.
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Savings Bank Closed. FRESNO, Cal., April -Fresno Loan and Savings Bank suspended business to-day. A notice on the door says the depositors will be paid in full, but inability to realize on securities makes it impossible to meet demands. From Vice President E. F. Bernard, who became connected with the management August, 1894, oit is learned that the failure is due to accumulating interest on real estate mortgages and the inability to make other collections since the panic of 1893. The bank was forced to close its doors in June, 1894, for a day or so, but continued business. There is due to the depositors $412,478. The total assets amount to $710,000, which includes notes and mortgages as secured by real estate to the amount of $454,710. The bank premises and other real estate are valued at $175,000, and the amount of actual cash is $81,000. Allowing $100,000 for shrinkage in value of real estate and worthless securities, the bank would still have assets amounting to $200,000 more than liabilities.
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FRESNO BANK FAILURE, Culmination of a Struggle Which Began With the Panic of 1893. Depositors In the Suspended Loan and Savings Bank to Be Paid In Full. FRESNO, CAL., April 12.-The Fresno Loan and Savings Bank suspended business this morning. A notice on the door says: Depositors will be paid in full, but our inability to realize on securities makes it impossible to meet demands. From Vice-President E. F. Bernard, who became connected with the management in August, 1894, it is learned that the failure is aue to accumulating interest on real estate mortgages and the inability to make other collections due. The struggle began in the panic of 1893, and they were forced to close their doors in June, 1894, for a day or so, but continued business. There is due depositors $412,478, about equally divided between the commercial and sayings depositors. Their total assets amount to $710,000, which includes notes and mortgages secured by real estate to the amount of $454,710. The bank premises and other real estate is valued at $175,000, and the amount of actual cash is $81,000. Allowing $100,000 for shrinkage in value of real estate and worthless securities they still have assets amounting to $200,000 more than liabilities. The other banks have offered to take the commercial business off the Loan and Savings Bank's hands, dividing equally between three banks-First National, Fresno National and Farmers'. There is no probability of a run on any of the Fresno banks on account of the suspension of the Loan and Savings Bank. People are not excited over it, and the assurance of the bank officials that depositors will be paid in full is generally believed, and there is better feeling than might have been expected. The other banks are well prepared to stand a run, if one should come, and they are feeling no uneasiness. In fact the bankers of Fresno held a meeting to-day to consider the advisability of assuming liability for $200,000 of the debts due by the closed bank.
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Fresno Bank Closed. FRESNO, Cal., April 13.-The Fresno Loan and Savings bank suspended business. A notice on the door says the depositors will be paid in full, but the bank's inability to realize on securities makes it impossible to meet present demands.
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Fresno Bank Goes Into Liquidation, FRESNO, CAL., April 22.-At the stockholders' meeting to-day the Fresno Loan and Savings Bank definitely determined to go into liquidation. The bank suspended on the 12th inst., with liabilities of $142,008 and assets $697,000.
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Business Failures. Washington City, April 22-The comptroller of the currency has directed Inspector Dooley to take charge of the First National Bank of Willimantie, Conn. It is understood that the bank's embarrassment is principally due to transactions of the cashier. who died some weeks ago. The capital is $100,000. Fresno, Cal., April 2-At a stockholders' meeting today the Fresno Loan and Savings Bank definitely determined to go into liquidation. The bank suspended on the 12th Inst., with liabilities of $412,000 and assets of $097,000.
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A Fresno Concern Faila FRESNO, April 23.-At a stockholders' meeting today of the Fresno Loan and Savings bank it was definitely determined to go into liquidation. The bank suspended the 12th instant with liaiblities of $412,000 and assets of $697,000.