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The Springfield Democrat from Springfield, Missouri • Page 5

Location:
Springfield, Missouri
Issue Date:
Page:
5
Extracted Article Text (OCR)

Mclntire, Anderson PRY GOODS CO. 1 10 11 1 Public Square You never saw prices at as low notch as they will be on the following goods THURSDAY, FRIDAY and SATURDAY OF THIS week; If there's anything here you want, there a a saving of at leant 33 1 3 er cent. Underwear. Ladies' Natural Wool Underwear reduced from $1.00 to 02c. Ladies' Natural Wool Underwear reduced from $1.25 to 79c.

Ladies' Scarlet Underwear, reduced from $1.00 to Men's Natural Wool Underwear reduced from $1.00 to t7c. Men's Natural Wool Underwear reduced from $1.25 to 81c. Men's fleeced lined Anti scratch Underwear reduced, from $1.00 to 73c. You can save 33 1 3 per on Blankets if you buy week. Hosiery.

Luiirs' Wool Hqsc Rtdurtd to cent this LJt. 35c 1 40o 30c 75o Ui'tti tttni 40c 50c 21c 35o i 4. 5oc ictd host rtdurtd to I it ii jic 25c Children's 20c F'eece lined Hose reduced to 11c. Children's 25c Fleece linedJ Ilote reduced to 15c. Children's 40o double knee wool hose reduced to 25c.

Cloak Deft. 1 160 Udirs Jarfcrts Rtductd le I 3.00 2.50 6.00 3.00 10.00 0.75 15.00 9.00 10.00 12.00 25.00 15.00 Shoe Dep't. 10 cafes ladies' Rubbers, good quality 25c pair. 5 cases ladies storm Rubbers, good quality 35c pair. $2.00 ladies Dongola Kid Shoes all styles $1.38.

$2.25 ladies' Dongola Kid Shoes all styles $1.48. $3.00 ladies Dongola Kid Shoes all styles M00 ladies' Dongola Kid Shoes all elylea $1.50 Childien't Fin Shoes sc. $1.75 Children's Fine Sboei $1.23. Standard Fashion Sheets and Patterns for March are here. A Fashion Sheet for the asking.

Mclntire, Grubbs Anderson DRY GOODS CO Dowd Co Prices. 111 Public 8quare.l THE DEMOCRAT: SPRINGFIELD, THURSDAY MORNING. FEBRUARY 15, 1894 CLOSED THE BANK Examiner (ialbn ath in ('nurse Or the American National. Tlie National Hanking Laws Not Complied With. Depoaltors Will Not Loee a Dollar By the Move.

What Brought About Interference by Comptroller Kckela The Dunk's Condition. I'ncertaintles touching' the control of affairs of the American National Hank of this city culminated yesterday in Hank Examiner U. V. (ialhreath, of Kedalla, taking charge of the institu tion. At noon yesterday the following no tice was posted on the doors of the bank Thlf batik Is la the hands of toe Comptroller of the Carreacr, 0 GlMlKSAIH, Ixsmiuer In Charge.

Various rumors, some besrinir a color of truth and others without founda tion. which had sunnlemented the resignation of Cashier A. II. Crawford on Saturday lust, had prepared the buaiuess public for some wove, and the turn of affairs yesterday created, therefore, no great surprint. Although not given the publicity of print, yet it was generally known that F.xamlner (iallireath tlciiiuuded the resignation of I'aahicr Crawford on Saturday.

This determination ou the part of the examiner was founded on the existence of an amount of bad notes and pa er held by the bank, or at least held by the comptroller of Uie currency to be unbankable. i Added to this as dissatisfaction, touching the management of the bank, of eastern stockholders who are largely In the maj.irity together with a charge that the bank had not been conducted according to the laws governing national banks. Ik'lxisiU were received by the bank yesterday forenoon up to the hour that Kiaminer (ialbrrath aumrd control, hi nee the resignation of Mr. Crawford. T.

A. Miller, president the bank, served in the capacity of cashier and the duties of president devolvid upon the vice president. Ivan Link. Mr. tlalbrealh gave altcntidn to the books of the bank last week and after the resignation of Mr.

Crawford went to Hi. I.ouis. He returned yesterday morning and acting upon orders of the comptroller of the currency became the bank' temporary cuatodian. thk hank' arrAIKa. The American National Bank was established three year ago on mostly taatern money.

It capital stock was of which il.io.noo was held east of M. ouia. and A. II. Crawford who had been assistant rashier of Hollands Jiank.

was tiie prime mover in the enterprise and as made cashier, which position he occupied without in terrupt'nn until the late change. The bank never rcachei mnnrv making basis, bill on the other hand was held to lie be hi. id in addition to ita liabilit.es for individual deposits It was therefore evident that the stockholder had looked to liquidation as a way of bringing about a new condition of thing. A look into the book shows that of the deposit but were subject to call. The time deposits af forded the bank nnnortunitv toward off any trouble in the war of a run, so long as the iLside working of the In stitution were undisturbed by dissen sions.

However when the door were closed by the examiner there wa but caab on hand and ll.ooo of that hail been borrowed the dav before from the Kxchang hank. Thia was to bring the reserve fund up to the pee cent rule. No flurrv followed the posting' of Kxamlner tlalhrealh'a notice. Some few who had become disturbed by ntmor that followed ashler Craw fords resignation attempted to check out account but they were persuaded to leave deposit for the time. Yes terday when depositors exhibited fear that the "lis np of money In the bank would cause trouble other bank of the city announced that they were ready to honor check on depaakiu la the American National.

Thus plan would serve to draw to the other banks patron who had hitherto gone else where. Depositors are beyond all doubt safe. and payment dollar for dollar will not long be. delayed, no matter what torn in affairs the bank organiratWm may take. The stockholder sre liable for twice that amount of capital, irst of all call deposit must be paid ami then tiro deposit satisfied.

THK SAX' ABacr. No statement being triad by either the examiner nr the oflicer of the hank the exact assets cannot be fully disclosed. The last statement of the hank, published la the Sprinraeld F.xpre of Iterember last, shows the following condition: ax sol nines IssmisMIwisss Owe Irs'ls sersre4 siiiw ml 7T. hmmA Ss arr omiisil ireta. TiUea ele 41 1 eiaaSiii' Sees fsrwiieee a ea enter rvwi set ssS aenisiw VM4 Dee fms aallml hanks (sat tin rete w.

iw t. tram trpnrfM I si 1 1 Ill" hares u4 ls esss Itews a.1 it iNetMriMMtlKill iw yrwooasl sspse Mrrsswy. Msek a i eew mm t.ri mmf issatv swi nr p. Iri mm4m wis mxb af SVMtir4las ran ftn ussssisi a fm sss sf ueuswi Tsssl UAStlTlKS. Surplus fund 000 00 Undivided profits, lesl kmom end uiei paid 7 Ti National bank notes 45 OuU U) Due loolhtr National SB 1 ludlvldaal deposits eabject check 37.143 Derasad certlflcuiei of aV I posit 84 301 04 I Note n1 bills reclieoUDtrd bill parable isy.os oo 8 aoo on i i OOU Ul Total.

THK UA.IAOrlMKNT. Evidently all the reasons which Comptroller bckcls has for putting the bank in the process: of litigation hare not been disclosed. It 14 known that for some time Kxaminer d'albrcath has been calling for certain changes in the management and that last week he became positive in his demands He held certain notes to be, in the opinion of the comptroller, technically bud that is, they might be realized on in time but they were not gilt edgeu. At times local stockholders in the bank have been borrowers, some of them heavy ones, but upon what col lateral or security is not known. month ago Kxamincr breath called upon these stockholder borrowers to pay up much of their ob ligations, and their failure to do so had had much to do in yesterday's action in closing the doors.

Many loans were declared to be bad. For instance, it Is known that a second mortgage loan of was made on the building on Commercial street, in which Station postofllce is located. There woa already a firat mortgage of (Jil.Oou on that building and its valuation to the extent of uoo is doubted by good financiers. Although Air. I raw ford was forced out of the i Rice of cashier he still retains In the bank stock to the amount of 15.0O0, and Is the largest individual stockholder in the institution llesides this stock Mr.

Crawford has a great many other interest, notable the Baldwin theater now in extensive litigation and city real estate. Whether his bank stock is freo of incumbrance is not a matter of publicity. President and acting T. A. Miller is president of the Greenfield Northern Railway and is an energetic business man.

Vice I'resident Ivan Link Is secretory and treasurer of the Springfield Milling Company, which corporation has been a money maker in wheat during the year. Messrs. Miller and Link together with C. M. Kversol, of the substantial Kvcrsol drain Company, are directors of the bank.

Tun ri'Ti nr. The future of the bank is a thing that time must determine, ll is the opinion of msny that the result will be liquidation and a complete retirement froiu the commercial held, while ther believe that the Institution will be reorganized with tried and sub stantial financiers at the helm. With the American National out of business but one national bank re mains in Springfield, the Central National. Klvo State banks are in operation. The I irst National, the oldest national bsnk in Sprinirlield, was merged into the American National on May of last year.

Its liquidation was completed nothing ago when un der direction of r.xamlncr lialbrealb the American National directors as sumed the last liability and closed Its snsirs Whatever may be the future of the bank it I certain that not a cent will be lust by depositors and that the funds will not be long tied up. There will be no occasion whatever for depositors to sell their claims at a discount. The bank was not closed tie cause of insolvency but because that the comptroller of the currency held that its orlicers had not complied with the national banking laws. HI lIsION OS Till The TVonl Nalloaal" Mast Sol II I 4 ttr rrlivle 4 arporallaiis. One of the in.ist mrtant of recent events in building and loan circle is the decision of I omplroller Eckels, of the trctiMtrv depart iticnt.

regarding the styl.1 of ussocial ions doing tmsine is on what is known us tlm "national'plan." He hoi, Is that the ii m' of the word nil' tional" tlie part of a title or name of an association 1 illegal and cite the following statute in support of hi po sition. "All bank, except national banks aud all person or corporations doing business a hankers, broker, or ving COMPTSJOI limitations ere prohibited rom usinf the word 'national as a portion of the title of uch hank, firm, or corporation, and anr violation of this prohibi tion eommitted.afler Septembers. 1ST3. shall Mbrct the offending pari? Lne of iftr dol.ars a dsr In each day during which it I repeated." Ths question has been referred So the attnrney general rif tbe Inited State lor an opinion. If axastntned tba dec nd on will affect a larr pereenLaf of the aaanriation wairh operate en tl national plan.

tin IImiI 17. Kr. Im is lk. 1 4 The grand Jnry for th Jeauary term of cimit court w.tA its Baal report to day. An is dictneat waa returned against Jai' (ioard Jame Kicksby, who aided the train robber, Marlon llrdgprta in hi stterr.pt to eacnpe lUekaby la charged the ttdxtanent with aiding a felon to escape.

IndirtineaU srrre retamed against l4u' S.ira. ia alleged MiWulrv of XB J. axia. A Hat Company, and ex City Attorney James liutler for shooting James Terry on Christmas last. The Krenrh liolens Scrap.

I'ahis, Feb. 14. A telegram has been received hero from the governor of French Guiena, dated from Konakry, giving details regarding the second frontier engagement between the English and French. The government's reports say the encounter took place at the mouth of Mcllacoree. Te governor in hib dispatch adds: "Our native trjops are arriving to protect natives attacked by English.

One man on the French aide was wounded anil five men on the British side were killed. The crops of our traders were partially destroyed." PETTY OFFENDERS. Tbe Grist of Justice In the Lower Courts Yesterday. Number of 1'eace Uliturber Bent To JailDoug Hayes Sentenced For Stealing a Coat. John Carson, a lad whose back has been in close Droximity to the walls of a jail cell a large majority of the time during the past year, was released a few days ago.

American liberty does not seem to agree with John and he disturbed the peace of Fleas Terry sgain yesterday. Judge Chinn sent him back to jail to serve (I worth with the costs added. Luther llowman, he notorious Luth er, who also seems to enjoy Sheriff (irsiithain'a hospitality pretty well. was sent to jail again yesterday by ludge Chinn for disturbing the peace, Several weeks ugo a warrant as issued for homos Vt est for disturbing the peace of somebody, but skipped out. He returned yester Isy, probably because he thought the trecne county jail was a more con genial place than the cold world, and was sent to jail for one day by Judge lath.

Doug Hayes, who lias a habit of get ting Into difficulty, got cold Monduy and stole an overcoat from the back of dummy in runt of the second hand store of C. K. Marks, on College street. Judge Chinn tiued him anil he will lie scut to jail as soon a he gets well of an attack of fever from which he is uffering. Floyd Tl omas.

a gentleman of color. nas a trembling culprit in Judge hum court yesterday. He was lined 'i anil costs for shooting craps on Sun lay. l.uke Dodsou. who lives north of the Frincj tracks, was arraigned before Jude llrsy yesterday for trying to take his boy away from an otlicer who had arrested him for stcaliug cool in the Frisco yards.

Dodson took a change of venue to Judge Fath's court. THK 111 KsrHOW Mt num. Inquest 4vr the Itoriy wf l.lltle l.uts. Mrs. Iliiestrow mill Alive.

St. Ixii is, Feb. 14. An inquest was held In the coroner's ofllce this after tern ion on the body of little I.ouis lluestrow, rtie 7 year old boy, mur dered by his father Tuesday afternoon, and Coroner F'rsnk held Dr. Arther Duestrow to await the issuance of a warrant for murder.

The testimony of the witnesses seem to show a clear case of murder. At midnight Mrs. Al iiertins lluestrow, ho was also shot by her husband, was still alive, but at that time was barely lingering this siJe of the grave. PARI AT KIlr.H. MnrlM of Horrors from Ohlahnm a I.ol of Ok Feb.

14. There I no truth in rcMirts sent out from this country as to suffering from the coliL Two Inches of snow ha fallen, no more. No one ha applied for aid a yet and It is ssfe to say that so long a people have wheat to feed to hogs, as they do in this country where wstcr and wood Is plentiful, suffering cannot be known. Two Inches of snoir is welcomed; the I like it N'odesths reported Icily. Mlaeonri IslM nraedree, MoRr.tu.r.

Feb. 14 A meeting wa held at the Flis encs hotel by rep resent liv men from all over the state to effect a Stat Swine Itreodrrs' asso ciatinn. The afternoon waa taken op by preliminary work. A. J.

ltlakr, of the St Ixnii KuraJ World, Is secretary. A two dsys' aeaaion bo held and permanent dicers elected. l.lrt as Hjasaille I iMMplratoes. l.ixinus. 111..

Feb. 14. Ida Shcran end lieorgia William, the two girls rharKecl with entering Into a conspit ay in destroy the lxgan eonnty jail with dynamite to effect the release of Arthur II. lioodpasturc, the convicted leader of a gang of voting thieve and swindler, were hound over to day lo swsit grand jury action. In defaalt nf lil they were sent to jail.

AwsrSed lllalient Honors World fair. DH MOST PERFECT MADE. nun Crap Cream of Ttrtar Pew Jar. Fret from Antnurna, Alura or adulterant mm 1 i Our Knock 'Em Out Sale Is still on, and it is getting warmer for our competitors every day. Don't forget we give 33 per cent off on everything during this sale, and will give $100 reward if any price marks are changed to deceive customers.

Come Straight to the NO VETO EXPECTED. An Audible Whisper About the Seigniorage Bill. President Clevelund Will nut Oppose The Sliver Measure If It lioes Through Congress. Wasuinqton, Feb. 11.

Congressman i Rsj ner, of larylnml, who has been recognized as an uuthorucd interpreter on tlie lloor of the house of the president's financial policy, said explicitly to day that if the present lllanil silver seigniorage coinsgo bill should puss congress Mr. llcveland would not veto it Mr. Rayner's single stutement is worth an ocean of gossip A few days ago he said that he thought that the president would return the bill to congress if It went to him. Since that declaration lie has been conspicuously identilied with Mr. Tracy and Mr.

Cockran in the discussion of compromise measures aud amendments with Mr. Bland. These compromises which sprang up Monday under such favorable auspices only to fail of adoption yesterday morning because of the refusal of the silver tuea to countenance, a further issue of short time emergency bonds, were said to be all that could save the bill from a veto. Hut now comes Mr. Ituyncr with the declaration, privately mado it is true but with seeming authority, that the president will not veto the measure.

This news has crept about and given much comfort to democrats who desire to go back to their constituencies in the guise of men who have done something tangible for silver. Mr. Kuynrr contemplates offering an amendment to the ticntling bill author izing the secretary of the treasury to issue ier cent Ikui Is for running ten 3 care in case tlie necessity should urisc. I wii.t. rr.f hiuM iikji i i W'ASIHNnroN, Feb.

14. The leaders on both sides in the l'echham supreme i court nomination contest ore rcdouli ling their effort toduy In preparation for the executive session to morrow. The best opinion obtainable is that the session will not lie so long as that I In which Mr. Hornblower's nomination was considered. As the proceed ings will not go in the records, and vi only senators can hear the speeches, there ran be no object In long addresses except to influence senators, snd it is believed that by the time the session begins there will be little no doubt a lo bow any of the senators stand.

The opponent of confirmation are olslmlng from four to six msjority. Them will be six or eight changea from ths llomblower rote. THK tlOVMtKoH't HLI IT. renalla Sasltts le Uses Mere rat fader KanasCitt, Feb. 14 J.

A. Smith, th well known 1'opalist leader, waa again arrested to day in Kansas City, on a warrant issued on complaint of Chief of l'olico Quarrel. who charges him with criminal libel In saving that (Juan els visited Excelsior Spring and paid liovernor Lewelling money to be used for corrupt purposes for the protection of the gambling Interest in this city. Smith gave bond. Mr Ieane to night said that (iorernor ewrlllng's attack on Smith was a bloff." The easier fallar.

Tirr, Feb. 14 Experts who hare been investigating the affairs of Charles Foster filed a report, with tbe committee to day bnt the matter in being kept secret and will Do4r be made public The report cover the nnat ten years of the transaction of the banking bona of Foster A Co. The cotnmitten represent the creditor of Foster A and will hold the report hoping by It to influence Mr. Foster to make a settlement Km AtsIsM UrMr. riMTin, Feb.

1. 1 he stesmer City of I "adorn ran Into the Tennessee river bride here, throwing It out of rear nnd preventing tmlns of the Chesapeake. Ohio A Son western from iiina. A aargn portion of the steamer's npye work were carried away and hole below her water line compelled the captain to ran bet ashore to save her froni sinking Thn Fort Ad rertef will be sold a a dee ton diree OsyOsl sSara sail BK.4M at tir from tbo Ka 4T TtAU THI fTAVTAirX tion of th eoart March a nnlwi WHAT 0 WILL BUY. 2 cans 3 lb Tomutocs.

1 can 2 lb Table Peaches. 2 cans 3 lb Pumpkins. 1 can 31b Apples. 1 can Blackberries. 1 can bo.

corn in the city. 1 can Oysters. 1 can String Beans. 1 can Baking I'owder. 1 box Impoitcd urdice i.

These goods wo guarantee to be the last in the insrktt. Think of this 12 can of the best goods tor $1.00. $1.00 will buy 21 lbs bet Granulated Sugur. Wo need the One Dollar in our business. Wo always givethe lowest price or the bott good.

We keep no cheap but sell good goods chenp. GROCERY 322 South St. What one dollar will buy this week only it will buy as much as $1.50 will elsewhere. Look out for No. 1.

8sce.NHDERBR0Si ZICK. BUY YOUR RUBBERS HERE. Don't get wet feet whm (if you can buy rubber (m Koouo so cceap. i Ladies' Rubbers (9 Men's Hub her. Ml Indies' Storm .10 Children's Rnblier llooU 7 to 10', no tw iaar' rubber boots 1 1 to 1 V) Ladies' Rubber Hoots to no 0 Men's Rabher BnotaSto is IM Wa do not rubber (roods worth to (O much and reduce (0 much.

These prices at ywhat th goods ArT worth And the same 9s QUAlltr can't ba bonoht lor less iSCHMIIER EFaD5 1 ZICK t) Soul. Street.

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About The Springfield Democrat Archive

Pages Available:
11,887
Years Available:
1890-1895