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TJBLE AliGUS, TUESDAY, JUNE C, 181)3.
Highest of all in Leavening Power. Latest U. S. Gov't Report
WINDY CITY BANKS
Gen. Lack-of-Confldence Gives
EUNS ON HALF A EOZEN CONCERNS,
One Hank Vay Out Minify All Night, and
All Hrlnr the Sriire to llMve No Ititais
The Hiberrtn. l'rnirie State National,
IMnie Suvinuo, I'nion Trtmt, anil Illinois
Truni the IiiKtilntionx AttMCked A Wild
Dity Amnng; Savings I poi t or.
Chicago, June 0. The "lack of confi
dence" which has Ix-en cavorting around
the country for some time and has already
bowled over h couple of Chicago banks
with numerous concerns in other lines of
business seems to have ettU-d down over
the city to test the endurance of the bank
ing institutions in earnest. Depositors be
gan to lie uneasy, rumors were sent flying
about and General Lack-of-Confldence
took charge for a day. The rumors grew
thicker and wilder asthey passed about and
the result was runs on several institutions
which were they to fail would cause wide
spread suffering in this city and vicinity.
The ItunlM That Met the Ran.
The banks which had the torm to stand
were the Prairie State Xatioual bank,
the State Dank of Commerce, Hi
bernian Savings bank, the Dime
Savings bank, the Union Trust. Com
pany's bank, and the Illinois Trust and
Savings bank. Under the circumstances
it is no small tribute to the soundness of
Chicago hanks to ay that they all with
stood the strain. Where the rumors
sprang from is a mystery. It is uo mys
tery bow they spread, for wildfire Is no
quicker in its flight than rumor when she
takes a fling at the hanks.
The Hibernian Bank.
The bank whose failure wonM have
caused the mom trouble is the Hibernian
Bankiug association. The officers were
not at all alarmed over the run made
there. It is regarded as one of the strong
est savings banks in the country. The de
positors are mostly Irish and it is the de
pository of large amounts of the funds of
the various Roman Catholic parishes. Its
last report showed deposits of $2,750,000
individual deposits of t?50,0Kl, undivided
profits of $383,000, The capital stock
is $220,010. Vice' President Charles F.
Clark, who is manager of the savings de
partment, said at 1 o'clock: "We have
been paying depositors all the morning at
the rate of three a minute. They are poor
people who have every dollar in the world
they possess with us, and naturally with
the existing conditions they have gotten
nervous. We do not biame them."
ICun mi a Dime Savings Hank.
Anot her bunk th;it had to suffer for Gen
eral Iju-k-of -Confidence was the Dime Sav
ings bank.- There was a big crowd outside
and inside, but President Samuel G. Ilailey
expressed no uneasiness, uoj would he say
whether the bank wonM enforce its thirty
day rule. "We have funds sufficient on
band," he said, "for ull regular purposes,
and even for an emerency. No occasion
exists for t'.ii alarm, except the general
uneasiness in the uir." Tlie bank does
solely a saviugs business, its last report
shewing t'eponts of half n million, and a
surplus of f51,000. The loans at the time
of the same report amounted to $457,000,
while United States bonds und cash on
hand aggregated I2-.-3.C0O. All its loans are
secured on real estate.
Vulon Trust Haa a Time.
Depositors by the hundreds crowded into
the Union Trust Company's bank to get
their money, but soon after seeing Presi
dent Rawson's coolness and even amuse
ment, many went out again without
drawing their deposits. But the crowd of
witndrawers was immense, just the same.
"We saw this coming," said Mr. Raw son.
"and were ready for it. We'll pay 'em
all." The Union Trnst is a member of the
Chicago clearing bouse. It has over f 1,
000.000 to draw upon above its liabilities.
Still people went up and drew out their
deposits as if it was the laat chance, and aa
each received bia money be drew a long
breath of relief.
An Ex-State Bank Examiner's View.
William. M Roberts, late state bank ex
aminer, visited the different savings banks
several times during the day and assisted
in allaying the fears of depositors. Speak
ing of tbe general situation he said: "I do
not believe there is a state bank in Chicago
that is not fully ablfl to pay fl.M) for every
$1 it owes. People have been needlessly
alarmed by the collapse of private institu
tions." WILD PANIC ALL DAY,
Bat Only One Failure, Private Bankers,
Rumor had hardly started a story of one
bank than tbe "dame" looked around for
another victim. In this way there was a
big run on the Bank of Commerce, but
every comer was paid in full. President
Felsenthal said the bank would pay every
demand made upon it and that nobody
would be asked to wait a moment for his
money. The Prairie State National bank,
corner .Washington and Desplaines, was
called on for a large amount of deposits in
the savings department and paid on de
mand. The officers said they had been
preparing for just this sort of thing.
A run on the Illinois Trust and Savings
bank was met by the announcement that
it would keep open till , 10 p. m. as long as
the run lasted. There are $10,000,000 de
posits in the savings department of this
bank, and seven men were paying de
positors. Working twelve hours a day it
would take seven -men 100 days to pay out
the $10,000,000. There was no run on the
deposit accounts. A run was began on the
Globe Savings bank at, 2 p.m., and tbe
bank immediately posted notice that its
legal thirty and sixty-day limit would be
At 9 p. ni. there were 600 persons in line
belore the paying teller of the Illinois
Trnst and Savings bank, and the officials
announced that they would continm pay
ing until all had their money. At mid
night there were 200 and. the tsnk con
tinued to pay. iLwas alter 2 o'clock this
morning when the bank closed its doors
with the statement that it would be ready
to go on this morning at the usual hour.
A run was also started on the Milwaukee
Avenue bank. Along toward 11 o'clock
it quieted down. Then the people .learned
of the Meadowcroft failure and the run be
gan again. The bank met all demands
and the officers say they are ready to with
stand another run today.
The uneasy feeling invaded the board of
trade and caued a temporary panic among
the speculators in grains and provisions.
Prices tumbled headlong and the bears
could not trade fast enough to keep up
with the falling market. July wheat sold
down to fOSJtf cents, a drop of nearly 3
cents, and 14 cents lower per bushel thau
wheat has sold itt'any year previous to tne
present. Provisions shared in the general
demoralization, pork showing a decline of
$1.20 at the close. Corn anil oats were
also extremely Dervous and closed 1 cent
lower than the prices current when the
market closed at noon Saturday.
With all the panic there was but one
bank failure, that of Meadowcroft Bros.,
private bankers, but it is claimed there
that no one will lose a dollar. They had
many depositors among mar ne men, who
will be pat to serious inconvenience at the
least, in having to w.vi fur their money.
Not the least flirt--. 'w-ver, was per
ceptible at any of i various national
banks, and several ..-.miuent bankers,
whose opinions wi-ie as Xed concerning the
panicky feeling in the air, referred to it as
simply a passing sp tsm. due tutirely to the
uneasiness prevailing among small deposi
tors identified with the savings banks un
der state jurisdiction. Every nation.l
bank, it was insisted, was as sound aa a dol
lar. Not one is in the slightest danger of
a run, while there is not one but can meet
the heaviest demand that may be made
A Kansas Land Company Falls.
Kakdas CTTT, Mo., June 6. The Kansas
Grain and Land company, with general
offices at Hutchinson, Kan., has failed. No
statement of liabilities or assets have been
given out, but it is believed the failure is a
heavy one. Tbe company operated about
100 elevators along the line of the Santa
Fe road and throughout Kansas.
Will RmrranlH the CDRur.
EAXKAKfE, Ills., June 6. Confessions
of judgment havebeen entered against the
Gibba Chair company, of North Kankakee,
amounting to $40,000. The assets of the
concern are placed at $120,000 and the com
pany will be reorganized and the factory
in operation inside of sixty days.
Ran on a Madison Bank.
Madison, Wis., June 6. There was a
small run on the First National bank, but
not enough to cause any great excitement.
The bank's balance at the close of business
Saturday showed $258,000 on hand to meet
demands and the officers of tbe bank are
not at all ala. med.
GEN. SLOCUM ON PENSIONS.
He Believes That "Bounty Jumpers" are
Too Numerous on the Rolls.
New York. Junefl. Tbe Brooklyn Eagle
publishes -tn open letter from General H. W.
Slocum addressed to John T. Raper, editor
of the Ohio Soldier, Chlllicothe, O., in re
ply to a recent article published in that
journal. The article referred to criticised
some of General Slocum's recen preferences
to the pension system and intimated that
the general's utterance came with bad
grace from a "man who is drawing a
a service pension of about $4,000 a year" as
retired major general. General Slocum
begins his letter with the statement that
he is not on tbe retired list and that be
has never drawn a dollar from tbe govern
ment except for services rendered.
At the close of the war a commission
giving him a rank in the regular army was
offered him. but he declined it- Tbe gen
eral declares himself strongly in favor of
paying pensions to the real soldiers of tbe
war of the rebellion who are now disabled
or ,in want, but emphatically objects to
any payment to bounty jumpers, or men
who enlisted in the closing days of tbe
war, and who sever beard a hostile shot.
The general is very bitter in his d an unci a
tion of the "bounty jumpers." three of
whom, be says, he "had the pleasure of
seeing shot in one day." These same men
who risked death and disgtace during tbe
war to secure tbe bounty of tbe govern
ment do not hesitate to seek that bounty
now in time of peace when they really risk
The general concludes his letter as fol
lows; "I trust that this scandalous busi
ness is now to cease. I believe the pen
sion department is now in tbe hands of a
gentleman who, while endeavoring to do
jnstice to all deserving veterans, will not
boast of his ability to increase the pension
roll at the rate of more than two names a
minute. He needs and should receive the
support and co-operation of every honest
soldier in the country."
LIGHTNING'S FRIGHTFUL WORK.
Three Fersons Out ot Four Struck Dead
in an Instant.
Fisakkfokt, Ky., June C The light
ning played awful havoc at the little town
of Switzer, five miles from Frankfort.
Farmer James Redding, his wife and two
visitors, Mrs. John Lyinen uud Alexander
Barbour, were sitting on tbe front porch
when a bolt of lightniug desceucled upon
the doomed house, instantly killing Mrs.
Lymen, Redding and B irbour. Mrs. Red
ding, who is iu a delicate coudition, was
so shocked that her recovery is hardly pos
sible. Three corpses lay at her feet.
Trust Accept Bids for Bonds.
PEOKIA, Ills., June 6. The board of di
rectors of the Distilling and Cattle Feed
ing company met in this city, all the
members of the board being present except
Nelson Morris, of Chicago. The principal
business transacted was the matter of ac
cepting bids for bonds. President Green
hut stated that enough were sold to realize
sufficient money to meet pressing demands
upon tbe company. The bonds were sold
at a low figure. The offer was received.
It could cot be learned how many bonds
were sold nor at what figure.
GOT TEN THOUSAND
And Had to Leave a Similar
A BOBBERS' FEAT IN ARKANSAS.
Brave Act of a Print Shop Girl She Saves
Half of the Amount Captured Citizens
Rally and m Lively Fight Ensues In
Which a Farmer "Is Killed Two Other
Citizens and Two Robbers Wounded.
Bentontille, Ark., June 6. The Peo
ple's bank has been robbed by a gang of
six desperadoes armed with Winchesters,
who secured over $10,000. They were from
the Indian territory and came iuto town
with four fine horses and a white topped
buggy, which were left in the rear of the j
Sun office under charge of one man while
the other five went in single file in front
of the place half a block north to the
People's bank, where they entered and
covered the bank officials. President A.
W. Dinsmore, Vice President J. R. Hall,
Cashier J. C. McAndrew, Assistant
Cashier G. P. Jackson, with Winchesters.
Saved by a Plucky Gitl.
One of the men made Cashier McAndrew
dump the contents of the safe into sacks .
brought for the purpose, putting $10,000
gold and currency into one and $11,000 sil
ver into the other. After securing the
money they made the officials march in
front of them as they started for their
horses, forcing Mr. Jackson to carry the
sack of silver. In passing The Sun office
Miss Maggie Wood, of The Sun force, had
the presence of mind to rush to the door
and open it, letting Mr. Jackson in with
his sack of silver and immediately shut
and locked the door. t
The Cashier Shot to Two Places.
During this time the robbers kept up an
incessant firing, covering the two main
streets. The citizens soon rallied and a
general firing was kept up. The robbers
mounted their horses, going west, closely
followed by Sheriff Galbralth and posse.
Assistant Cashier Jackson was shot in the
bead, back of the right ear, and also in the
left elbow. The wounds are not serious.
Farmer Killed and Two Robbers Wounded
Taylor Stone, a farmer, procured a Bhbt
gun and fired two shots at the robbers; but
was immediately shot down, the ball pass
ing through his left groin, killing him.
Tom Baxter, a farmer, was shot in the
chin and retarned tbe compliment, wound
ing the robber. Another one was wounded
by Tom Woosley, drayman.
EXTRA SESSION OF CONGRESS.
Til President States the Time In Which
It Will Be Called.
Washikgtox, June d Tbe president
said in reply to a direct question by a
representative of the United Press, that he
intended to call an extra session of con
gress not earlier than the 1st nor later than
tbe 15th of September, unless unexpected
contingencies should necessitate an earlier
Was a Dlsg-raeefal Scene.
Sioci ClTV, la., June ft. A sensational
scene occurred here at the railroad station
when the body of W. II. Livingston, one
of the oldest and wealthiest merchants of
Sioux City, arrived from Chicago in
charge of his second wife. An injunction
was served at the instance of his first wife
from whom he was divorced a year ago
forbiddiug the second wife from any inter
ference with the remains. The second wife
made vehement protest, but the sheriff de
livered the remains at the residence of the
The Pope Indorses Gibbons.
Rome, June 6. The pope has instructed
MonsigLor Satolli, the papal legate to the
United States, to express to Cardinal Gib
bons the thanks of his holiness for the dis
course recently delivered by the cardinal
in favor of the restoration of the temporal
power of the pope, and to inform his emi
nence that his holiness is greatly satisfied
with the language and argument of the
cardinal in the discourse.
National Convention of Drummers
Peoria, IlL, June 6. The national con
vention of the Travelers' Protective asso
ciation met in this city today and continues
in session four days. There will be a ball
and reception this evening, an excursion
tomorrow and a reception Thursday even
ing, at which addresses will .be made by
Vice President Stevenson, Governor Alt
geld and others. The city is handsomely
decorated for the occasion.
... A Dake Who Looks for War.
Berlin, Jane 0. At a congress of the
military unions of Baden the grand
duke Frederick, who is also' a field mar
shal in the German army, spoke In -recommendation
ot an agreement with tbe gov
ernment on tbe question of the army- bllL
The grand duke said: "We must gather
all our force foe the possibility of wax in
order to secure a quick victory."., . j
The Fnente Mima Horror. ' ' - -Houston,
Tex., Jane 0. With two po
licemen at his heels, each with a drawn
revolver, Superintendent Spence has' pros
ecuted the work of recovering the bodies
of the men killed in the mine near Fuente,
Mexico. Those which have been brought
up were badly decomposed and all died of
asphyxiation. Twenty-five corpses have
bo far been recovered.
Kloped With the Organist.
Mekcedes, Cal., June 6. Rev. A. R.
Reans, pastor of tbe M. E. church Bouth,
has eloped with his organist, Lucy Rucker,
17 years old, leaving a wife and five chil
dren. The young lady's mother has be
come insane. Her father, one of the pil
lars of Reans' chureh, has obtained a war
rant for the arrest of the couple.
Meeting in Favor of Reciprocity.
St. Paul. June C The international
reciprocity convention, the object of which
is to advance reciprocity with Canada, is in
session at the Auditorium with about 350
delegates present. Ex-Gov. Burke, of North
Dakota, presides and speeches all urge leg
islation for reciprocal trade between this
country and Canada.
Killed Ills Wile and Himself.
BkacEVILLE, Ills., June 6. Ephraim
Demedlau, a miner of this place, murdered
his wife by discharging the contents of a
heavily loaded shotgun into her breast,
and then to escape justice deliberately re
loaded the weapon the weapon and blew
his own brains out.
Two Hen Crushed to Ueath.
Phillipsbubo, N J., June ft. A land
slide occurred at tbe soapstone quarry at
Mount Warne, a mile north of here.
George Baltcli and John Cole were crushed
The foot race from Berlin to Vienna was
won by a vegewrian competitor.
Editor S. R Morss, of the Indianapolis
Sentinel, will next Saturday sail for
Europe to assume bis duties as consul gen
eral at Paris.
Obituary: At Ewing, 111., Robert R,
Link, Prohibition candidate for governor
last year, aged CO. At London, George
Potter, the British labor agitator, aged 0L
At Whitinsville, Mass.. William H. Whit
ing. At Newark, N. J.. Frederick Allen
Osborne, aged 63. At Vienna, Paul Schiff,
tbe Austrian banker.
John C. Mining, town treasurer of Fort
Jennings, O,, has disappeared with $5,000
cash and leaving an additional shortage of
Last week there wore ten deaths in Phil
adelphia from suicide.
The Fisher & Burnett Lumber company,
with headquarters at Memphis and New
York, has made an assignment. It is be
lieved that the liabilities will exceed
The trial of Lizzie Borden for the mur
der of her father and stepmother in
August, 18'J2, has been begun at New Bed
Nearly COO soldiers in the Soldiers' home
at Leavenworth, who used to take some
thing else, have taken the gold cure.
Spanish consuls report that cholera is
epidemic in France and the Spanish gov
ernment has ordered the enforcement of
quarantine regulations against that coun
try. Tbe closing of plate glass and other in
dustries at Kokomo, Ind., throws some
8,000 persons out of employment.
There is a shakiug-up in the Kansas City
postoffice and the inspector has ordered
four clerks and five carriers suspended for
thirty days for "shooting craps" while on
duty and for getting In debt to money
lenders. Forgeries by the Rev. R. S. Deener, of
Batesville, Ark., will probably reach $40,
000. Ireland send s annually 40,000 tons in
round numbers some 60,000,000 of eggs
The bottle from which Sherman and
Johnson took a drink together after the
latter general's surrender is In the posses
sion of a woman at Ralelgb, N. C
Charles H. Hoyt. the playwright, of
Charlestown. N. H., is to erect in that
.town a mausoleum of New Hampshire
granite, to cost about $10,000.
. Tbe wife of Mayor Boye. in Rottendorf.
Prussia, gave ' birth the other day to a
quartette of children;'- The ntother la aged
'abraka Officials Acquitted
Lucoui, Neb.; Jane 6. The supreme
court has rendered Ha decision in the im
peachment cases, finding tbe three state
officials. Attorney General Hastings, Com
missioner of Public Lande and Buildings
Humphrey and Secretary of State Allen,
not guilty. . Five charges of Impeachment
preferred by tbe legislature are not sus
tained. Chief .Justice Maxwell dissents.
By a nnanimous vote tbe court sustains
the plea of non-Jurisdiction in the cases of
ex-Treasurer Hill. ex-Auditor Benton and
ex-Attorney General Leese.
Schaffner Probably Suicided.
Chicago, June 6. The friends of the
missing banker, Herman Schaffner, pro
cured the services of a professional diver
who spent half a day in walking on tbe
bottom of the lake a mile or two from
shore, but tbe work was unproductive of
results. Further evidence was adduced,
however, showing that Schaffner was seen
on a car bound for Lincoln park, which
strengthens the theory that he went the
lake and drowned himself.
Cleveland Appoints a Tammany Man.
WASHISUTON, JutieC. The president has
appointed Charles W.Dayton.of New York,
city, to be postmaster of that city; Charles
H. Mansur. of Missouri, to be second
comptroller of the treasurer. Dayton has
been a member of the! Tammany hall gen
eral committee for two years. He was
president of the old narlem Democratic
club, la county Democracy organization,
which subsequently joined Tammany.
The Weather We May Expect.
WaSBUtOTOa. Jane ft. The following- are
tbe weather Indications for twenty-four hoars
from S p. m. yesterday: For Indiana and
Illinois Fair weather, cooler In southern
portions; westerly to northerly winds. For
Michigan and Wisconsin Fair weather,
warmer in Upper Michigan: westerly to north
erly winds. For Iowa Fair, warmer weather:
westerly to northerly winds.
Gas Gusher Struck by a City.
Findlat, O., June 6. The city has
drilled in a twenty million-foot gasser on
the Crelghtou farm, five miles east of the
city. An effort to shut the well in failed
and tbe tnbing was blown higher than the
derrick. The roar of the escaping gas can
be heard for five miles.
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A WORLD IN ITSELF.
As Thinks He So Thinks All
C. R. I. & P. Railroad Co., June 5, 1395.
To the Editor of the Argus.
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