Democratic Sentinel, Volume 17, Number 14, Rensselaer, Jasper County, 21 April 1893 — FAILURES SHUT A BANK [ARTICLE]

FAILURES SHUT A BANK

THE COMBINATION SCARES LANSING. Stirring News from the Honduras Revolution—Santa Fe Employes Forcing the Fighting—Virulence of a St. Louis Politician's Bite—Fire’s Fierce Work. Michigan Bank in Trouble. There has been a flurry of excitement in financial circles in central Michigan for several days, caused by the embarrassment of the Lansing Iron and Engine Works and the Lansing Lumber Company, two leading institutions of Lansing. A crisis was reached Tuesday when the institutions filed mortgages upon their real and personal property to the amount of 8701,000 in favor of Orlando M. Barnes, who has indorsed a large amount of their paper. A feeling of insecurity at once arose among the depositors of certain banks which have been dealing in the paper of the companies mentioned, and a sudden and wholly unexpected run was made upon the Central Michigan Savings Bank. After meeting all the demands of depositors for several hours, Cashier Bradley, upon the advice of State Bank Commissioner Sherwood, closed the doors of the bank. The managers of the bank maintain that the institution is perfectly solvent and in a few days Us doors will be reopened. They syy that no bank in the State could be expected to withstand a run of this kind, as anyone at all familiar with the business knows how impossible it would be for any bank to pay all the depositors within a few hours. The utmost confidence in the ability of the bank to proceed to business is expressed by citizens and business men generally, many of them continuing to make thoir dally deposits while the run was in progress. There is, however, nervousness on all sides, and Lansing has never before, even when James M. Turner failed, witnessed such a financial convulsion.

FROM A BITE ON THE EAR. John Buttermore, of St. Louis, Bitten by a Political Opponent, Die-. John Butterraorc, the Democratic central committeeman from the Twenty-sixth Ward of St. Louis, dlod from erysipelas, the result of bites received on election day in a fight with Gus Vogel, a well-known Republican politician and ex-committee-man. While the ballots were being counted on election night' at Precinct 143, Vogel aod Buttermore became Involved In a dispute about the chances of W. C. Kelly and John Ball, the candidates for tho house of delegates. Hard words passed between the two men, and they clinched after striking several blows The police interfered and the friends of the pair separated them. Buttermore was bleeding from a bite on the cheek and ear, but was uninjured otherwise. The affair passed off and nothing more was thought of it. A few days ago Buttermoro was takea sick and erysipelas set in, and he expired in great agony. The injury which Indirectly caused Buttermore’s death was on the lobe of tho left ear. MAY TIE UP THE ROAD. Santa Fe Strike May Extend to Other Labor Organizations. The striking Atchison, Topeka and Santa Fe shopmen are doing all in their power to induce other organizations to join them. At a joint meeting of all organizations at Topeka, Kan., the executive committee of the strikers explained their grievances. The committee stated that Superintendent of Machinery Player had Informed thorn that all agreements with labor organizations bad been declared off. After the general meeting the several organizations met separately and appointed committees to wait upon the railroad officials to determine definitely the truth of this statement The men say that if It Is found to be true, all organizations having written agreements with the company will strike and all trains on the system will be stopped. The officials of the road say the company will stand by all of Its agreements and that the object of the report Is to create sentiment in favor of the strikers.

VICTORIES FOR THE REBELS. Honduras Revolutionists Seem to Be Carrying All Before Them. The revolutionists In Spanish Honduras have captured the Bay Islands Tltllla and Ruatan. Last week about 300 men left Ceiba under the command of a nephew of General Policarpo Bonilla forUtllla. Here they captured the government buildings and placed a commandant In charge of affairs. They started for Buatan and took that place without any trouble The revolutionists are preparing to move by sea from Ceiba to Puerto Cortez and make an attack on that port. Iu thb Interior, Olanchilo and Yoro, after a hard skirmish, were taken by the revolutionists. The majority of the people are in sympathy with the revolutionists, and it is with difficulty that vessels can be loaded, as nearly all the natives are up in arms against the government. Best Business Block Burns. At Plymouth', Mich., fire started about midnight in George Vandecar’s barber shop, and before it was under control, at 3 o’clock In the morning, the leading business block of the town was in ruins, It looked at one time as if the entire town would be wiped out and help was asked of Detroit The engines from Detroit did not reach there In time to be of service The losses aggregate between $50,000 and {60,000. The origin of the fire is believed to have been incendiary. Knocked Off the Ferry by Oxen. Capt William Irwin, a planter living near Montgomery, Ala, was drowned. While crossing'the river he was knocked off the ferryboat by an ox team.

Charged with Arson. Thomas McDonald was arrested at Dulnth on the charge of having set fire to the Armour Packing company’s warehouse Ohio Encampment The Twelfth Regiment, R. G U., Knights of fit John, met at Findlay. Ohio, and decided to hold the annual encampment at Sandusky the third week In July. A Foul Murder. John Roberts was murdered near Perryvtlle, Ark., and his body thrown Into Alpine Lake. Farmers’ Fatal Quarrel. Joseph Kausler, a farmer living near Jackson, Miss., was shot and killed by Joel Jackson. The quarrel was over a negro whom Kausler had hired from Johnson’s farm. Steamer Ketcham Changes Hands. The steel steamer J., B. Ketcham has been transferred by H. M. Loud, of Oscoda, to the Huron Barge Company. As be is the principal owner in the company, the price. {75,000, it merely nominal. The Ketcham has a large force of men at work surengtbenlng her. HU Corns Killed Him. David Preston, superintendent of the Canadian Pacific Railway, is dead. Being troubled with corns, be used a remedy which caused blood poisoning. Amputation was found to be necessary, and Mr. Pm«on died from the consequent ex-

HIED OF FEAR. lallle Holmes Narrowly Escapes a Train, but the Spectacle Kills Mary. Mary Holmes, an 11-year-old girl, died, Tightened to death. The girl lived with ler parents on Walnut Hill, a suburb of Cincinnati. She was on her way home with ier elder sister, Sallle, when they came to l railroad trestle and Sallle started to walk tcross white Mary walked through Hie ravine. When Sallle had reached the midlie a train came along. She iried to run to reach the end but could not As the train approached her Mary cried from the ravine for Sallle to jump. The latter did to. The’leap was twenty-five feet, but she landed safely without a scratch. An Instant after the girl leaped the train thundered by. When Bailie gathered herself up she looked around and saw Mary lying unconscious in the ravine. She called for assistance rind the child was carried homo. She never gained consciousness. The doctor pronounced it a Case of death from fright LOSSES BY FIRE. L. M. Eumsey & Co.’s Factory at St. Loul3 Damaged by a Blaze. The pump and brass goods department of L. M. liumsey & Ca’s factory, corner of Second street and Franklin avenue, St Louis, was destroyed by fires. The loss is estimated at $50,000, with partial Insurance. The origin of the fire Is unknown. The ax works at Lewiston Pa., were destroyed by fire. The loss Is $75,000; Insurance unknown. At Diamond Lake, the West Michigan Lumber Company’s yards were burned. Seven million feet of lumber, 500.000 bundles each of shingles and lath and ten freight cars were burned. The loss will teach SIOO,OOO. The fire was Caused by a spark from an engino. COOMBS & CO.’S BIG MORTGAGE. The Filing of One for WOO,OOO Thought to Precede a Failure. F. A. Newton, surviving member of the largo wholesale firm of Coombs & Ca, Fort Wayne. Ind., executed a mortgage for $60,000. No Invoice of tho firm’s extensive stock has been taken since last July. The senior member of tho firm, J. Marshall Coombs, died Sunday, and It Is surmised that the filing of tae above mortage will precipitate a failure. The firm has ranked as one of tho soundest financially in Indiana It is known that other creditors are ready to present claims.

I)r. Graves Will Surely Go Free. Dr. Thatcher Graves, who was convicted at Denver of tho murder of Mrs. Barnaby, of Providence. K. 1., will go free. The County Commissioners refused to appropriate funds to defray tho expenses of witnesses who are now In the East. District Attorney Steele says It will be almost impossible to try Graves, as ho has no money to proceed tyltli. The former trial cost James 11. Conrad, son-in-law of Mrs. Barnaby, $30,000. Mr. Conrad now says ho will have nothing more to do with the prosecution of Graver. Gold Again to the Front. R. G. Dun & Cov’s weekly review of trade says: The ruling fact In the buslnoss situation is the outgo of gold. $3,500,000 Tuesday, $1,000,000 and possibly more Friday, with the prospect of a large amount next week. Treasury gold Is again reduced below $2.000,000 In excess of the bullion fund, and there Is more talk of bond Issues, with the old doubt whether these would meet the real difficulty, which is tho enornuus excess of Imports over excess of goods. Pete Has Killed l ive Mexicans. Potor Spence, of Sentinel, A. T., killed another Mexican Thursday, making In all five In the last ten days. About a week ago Spence, who Is a Texan, with no love for Mexicans on general principles, found It necessary to kili one while keeping a saloon at Gila Bend. After that the Mexicans formed a combination to kill Spence, hut so far he has koptoa top. All tho killings, It is claimed, havo been in self-de-fense. Immigrants Pouring In to Chicago, Over one thousand Immigrants arrived in Chicago before noon Thursday. At 5 o'clock In the morning twenty-one carloads had come from various Eastern points. Dr. Anderson met 184 foreigners. Dr. Cameron 331 at Plymouth, Ind., Dr. May 215 at Valparaiso, Ind., and later In the day Dr. Wlborg met 315 who came In on the Nickel Plata All were found to have clean hills of health.

Swallowed Laudanum and Died. A man registering as William Pleyno, fit Louis, at the Commercial House, Leavenworth, Kan., committed suicide by taking laudanum. He proves to have been a discharged soldier, and about a year ago attempted to drag a dissolute woman to the river to drown her. Anton Btoldy, aged 31 years, bung hlin=elf in his cell at the Allegheny County, Pa., work-house. He was demented. Thought Him a Burglar. JBmes Hatchle, a peddler who stayed over night at the residence of John F. Burgess, near Kise Station, Ky., shot and instantly killed Butler Park, a farm hand, who in going to Ills work had to pass through llatchie’s room. In the darkness Hatchle thought him a burglar. Life Termer Pardoned. McDonald Cheek, serving a life sentence for murder in the Indiana State prison south, was pardoned by Gov. Matthews. He bad served twenty-one years and had a good record. Died In a Sewer. Charles Jefferson was burled under slxleen feet of earth while at work in a sewer trench at Leavenworth. Kan. It took two hours to dig him out, and he was found to be dead.