10034. Bank of Albany (Albany, MO)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
August 17, 1893
Location
Albany, Missouri (40.248, -94.331)

Metadata

Model
gpt-5-mini
Short Digest
1c56db02

Response Measures

None

Description

Multiple contemporaneous newspaper reports (Aug 17–Sep 1, 1893) state the Bank of Albany, Albany, MO, suspended yesterday (Aug 17) owing to inability to realize on loans and securities. No articles describe a depositor run or a subsequent reopening; therefore classified as a suspension leading to closure (no reopening reported).

Events (1)

1. August 17, 1893 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Unable to realize on loans and securities (insolvency/liquidity from bad loans/assets).
Newspaper Excerpt
ALBANY, Mo., Aug. 17.-The Bank of Albany suspended yesterday owing to inability to realize on loans and securities. A statement gives assets of $110,000 and liabilities of $80,000.
Source
newspapers

Newspaper Articles (10)

Article from Asheville Daily Citizen, August 17, 1893

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BANKS SUSPEND Three of Them Have no Ready Money. HUDSON, Wis., Aug. 7.-The bank of River Falls, Wis., suspended yesterday. The statement for July shows assets at $325,526, with liabilities at $284,000. The bank of Ellsworth at Ellsworth, Ark., has closed. The statement for July showed assets at $116,737, with liabilities at $86,000. ALBANY, Mo., Aug. 17.-The bank of Albany suspended yesterday owing to inability to realize on loans and securities. The statements give assets $110,000. Liabilities $80,000.


Article from New-York Tribune, August 18, 1893

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BANKS FORCED TO SHUT DOWN. MANY SUSPENSIONS IN WESTERN STATES-AN IOWA NATIONAL BANK CLOSED. Dubuque, Iowa, Aug. 17.-The First National Bank of this city suspended this morning. It was one of the oldest Institutions In the city, and had a capital of $200,000. The last statement showed deposits of all kinds amounting to $5,200,890. The cause of the failure is the continuous withdrawal of deposits, which were understood to be mostly of country banks. The officers say the bank Is solvent, that It will resume in a short time, and that depositors will be paid in full. Other banks in the city are believed to be perfectly solvent. This Is the first failure In Dubuque since the financial trouble began. The bank has a capital stock of $200,000; surplus and undivided profits, $65,000, and deposits, $444,028. The assets amount to $260,000 more than the Habilities. Topeka, Kan., Aug. 17.-The National Bank of Marion closed its doors yesterday. Liabilities are not known, but the assets are sufficient to cover everything. Meadville, Penn., Aug. 17.-The Farmers' Co-operative Bank has suspended business temporarily. Albany, Mo., Ang. 17.-The Bank of Albany suspended yesterday owing to the Inability to realize on loans and securities. A statement gives assets at $110,000 and Habilities at $80,000. Hudson, Wis., Aug. 17.-The Bank of River Falls, Wis., suspended yesterday. The statement for July 1 shows assets of $325,526, with liabilities of $284,000. The Bank of Ellsworth at Ellsworth. Wis., also closed. The statement for July 1 shows assets of $116,737, with Habilities of $38,000. Stockholders of both banks are largely the same. It Is believed the banks will be reorganized. Aurora. 1!1., Aug. 17.-The private bank of Levi Hall, at Oswego, was forced to eloge its doors yesterday. It 1. thought that Mr. Hall's assets are far in excess of his Habilities.


Article from Richmond Dispatch, August 18, 1893

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Missouri Bank Suspends. [By telegraph to the Dispatch.] ALBANY, Mo., August 17.-The Bank of Albany suspended yesterday, owing to mability to realize on loans and securities. A statement gives assets of $110,000 and liabilities of $80,000.


Article from The Sun, August 18, 1893

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TROUBLES OF THE BANKS. The First Suspension Thus Far In Dubuque -Other Suspensions. DUBUQUE. Ia.. Aug. 17.-The First National Bank of this city suspended this morning. It was one of the oldest institutions in the city. The last statement showed deposits of all kinds amounting to $520,890. The cause of the fauilure is the continuous withdrawal of deposits. which were understood to be mostly from country banks. The officers say the bank is solvent. that it will resume in a short time. and that depositors will be paid in full. Other banks of the city are believed to be solvent. and fear no run. They offered assistance to the First National. but that institution thought it could carry itself through the crisis. This is the first failure in Dubuque since the financial trouble began. The bank has a capital stock of $200,000 surplus. and undivided profits $65,000. The assets amount to $260,000 more than the liabilities. HUDSON. Wis., Aug. 17.-The Bank of River Falls. Wis. suspended yesterday. The statement for July 1 shows assets of $325,526. with liabilities of $284,000. The Bank of Ellsworth. at Ellsworth. Wis. has closed. The statement for July 1 showed assets of $116,737. with liabilities of $88,000. It is believed the banks will reorganize. ALBANY. Mo., Aug. 17.-The Bank of Albany suspended yesterday. owing to its inability to realize on loans and securities. A statement gives assets at $110,000 and liabilities at $80,000. SAN ANGELO. Tex., Aug. 17.-W. B. Buchanan, President of the Sutton Bank of Sonoro and Coke County Bank of Robert Lee. which failed last week. was arrested yesterday. charged with embezziement. There is considerable indignation against Buchanan. as it is said that deposits were accepted late on Saturday night, Aug. 5. and on the following Monday morning a notice was posted on the door announcing their failure. Not a dollar was found in the bank vaults. MEADVILLE. Pa.. Aug. 17.-To-day the following notice was posted on the door of the Farmers' Cooperative Bank: This bank has suspended business temporarily.-W W. Dean. Cashier." Cashier Dean says that the suspension is only temporary: that the stockholders are individually liable. and that they will readily assume all liabilities. HUNTINGDON. Pa., Aug. 17.-The National Bank of South Pennsylvania. at Hyndman. Bedford county. closed its doors to-day. The bank was operated by John K. and George B. White. who owned 43-50ths of the stock. Besides this they operated four large tanneries at Hyndman, Dry Run. and Mann's Choice. which were also forced to close down in consequence. The firm was largely interested in the Amazon Steamship Company. plying between New York and South America. and they owned the majority of the stock in the Everett Electric Light and Water Companies. It is thought that all of the depositors will be paid in full.


Article from Watertown Republican, August 23, 1893

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THE Bank of Albany, Mo., has suspended. Assets, $110,000; liabilities, $80,000.


Article from The Worthington Advance, August 24, 1893

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A CONVENTION of the Pan-American Bimetallis association will be held in St. Louis on October 3 next. A CYCLONE near Humboldt, Neb., did great damage and Mrs. G. Schultz and her son were fatally injured and horses and cattle were killed. THE Union national bank at Racine and the banks at River Falls and Ellsworth, in Wisconsin, closed their doors. The private bank of Levi Hall at Oswego, III., and the Cardington Banking company at Cardington, O., also suspended. A BLAZE in St. Paul did $100,000 damage to the music house of W. J. Dyer & Bro. and Michael Clenan, a fireman, was killed. INTERPRETER YOSHIKAWA and Commissioner Minano, Japanese representing their government at the world's fair, have been converted to Christianity. THE impeachment of President Cleveland and Secretary Carlisle is demanded by the Advocate, the organ at Topeka of the Kansas populists, for failure to purchase the prescribed quantity of silver in July. THREE cars were dropped 60 feet by the giving way of a bridge near Milton, Va., and seven persons were killed and four injured. THE First national bank at Dubuque, Ia., the bank at Albany, Mo., and the Kendall county bank at Yorkville, III., closed their doors. MARTIN SCHULTZ and -his wife, an aged couple living near Cherokee, Ia., were murdered and their home ransacked by robbers. THE doors of the National bank of commerce at Denver, Col., have reopened for business. IN Cincinnati the Standard Wagon company, one of the largest concerns of the kind in the west, failed for $700,000; assets, $1,200,000. By a collision on the Chicago, Milwaukee & St. Paul railroad near Dubuque, Ia., twelve persons were injured THE death of John Logan Chipman, member of congress from the First district of Michigan, occurred at his home in Detroit, aged 63 years. THE Nebraska democrats will hold their convention at Lincoln October 4. IN a fit of anger Cyrus Brown, of Cincinnati, shot and killed his wife, to whom he had been married thirty years. VIRGINIA democrats in convention at Richmond nominated Charles T. O'Ferrall for governor and R. C. Kent for lieutenant governor. THE four banks in Le Mars, Ia., suspended. They were the First national and Le Mars national, with a capital of $100,000 each, and the Le Mars state and German savings banks. DRINKING water from an impure well caused the death of three children of J. L. Casey, of Little Rock, Ark., and the rest of the family were seriously ill, A TRACTION engine near Martin's Ferry, o., became unmanageable and ran backward down a hill, killing Carrie and Nellie Ackerman, aged 5 and 11 years, respectively, and fatally injuring Ella King. A FIRE at Benton, III., destroyed the city hall, post office and the Chronicle office. J. S. JOHNSON made 3 miles in 7:55% in a bicycle race at Minneapolis, lowering the record 15 1/4 seconds. BUSINESS has been resumed by the First national bank of Anthony, Kan., which suspended payment in July. A MOB wear Morganfield, Ky., lynched Charles Watson, a negro who cut the throat of little Sam Keith, 10 years old, to secure four dollars. WILLIAM J. JAMISON (colored), who murdered Supervisor Charles N. Aaron April 19, 1892, was hanged at Quincy, III. This was the third hanging in Quincy in sixty-five years. WITHIN ten days twenty members of the Meacham gang have been killed near Jackson, Ala., and five others were surrounded, but escaped.


Article from River Falls Journal, August 24, 1893

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INTERPRETER Yoshikawa and Com missioner Minano, Japanese represent ing their government at the world's fair, have been converted to Christianity. THE impeachment of President Cleveland and Secretary Carlisle is demanded by the Advocate, the organ at Topeka of the Kansas populists, for failure to purchase the prescribed quantity of silver in July. THREE cars were dropped 60 feet by the giving way of a bridge near Milton, Va., and seven persons were killed and four injured. THE First national bank at Dubuque, Ia., the bank at Albany, Mo., and the Kendall county bank at Yorkville, III., closed their doors. MARTIN SCHULTZ and his wife, an aged couple living near Cherokee, Ia., were murdered and their home ransacked by robbers. IN Cincinnati the Standard Wagon company, one of the largest concerns of the kind in the west, failed for $700,000; assets, $1,200,000. By a collision on the Chicago, Milwaukee & St. Paul railroad near Dubuque, Ia., twelve persons were injured THE death of John Logan Chipman, member of congress from the First district of Michigan, occurred at his home in Detroit, aged 63 years. THE Nebraska democrats will hold their convention at Lincoln October 4. IN a fit of anger Cyrus Brow n, of Cincinnati, shot and killed his wife, to whom he had been married thirty years. VIRGINIA democrats in convention at Richmond nominated Charles T. O'Ferrall for governor and R. C. Kent for lieutenant governor. THE four banks in Le Mars, Ia., suspended. They were the First national and Le Mars national, with a capital of $100,000 each, and the Le Mars state and German savings banks. DRINKING water from an impure well caused the death of three children of J. L. Casey, of Little Rock, Ark., and the rest of the family were seriously ill. A TRACTION engine near Martin's Ferry, O., became unmanageable and ran backward down a hill, killing Carrie and Nellie Ackerman, aged 5 and 11 years, respectively, and fatally injuring Ella King. A FIRE at Benton, III., destroyed the city hall, post office and the Chronicle office. J. S. JOHNSON made 3 miles in 7:55% in a bicycle race at Minneapolis, lowering the record 15 1/4 seconds. BUSINESS has been resumed by the First national bank of Anthony, Kan., which suspended payment in July. A MOB near Morganfield, Ky., lynched Charles Watson, a negro who cut the throat of little Sam Keith, 10 years old, to secure four dollars. WILLIAM J. JAMISON (colored), who murdered Supervisor Charles N. Aaron April 19, 1892, was hanged at Quincy, III. This was the third hanging in Quincy in sixty-five years. WITHIN ten days twenty members of the Meachain gang have been killed near Jackson Ala., and five others were surrounded, but escaped. BY the upsetting of a boat Mrs. Foster, her two children and her sister weredrowned at Bonnot's mill, 12 miles east of Jefferson City, Mo. NEAR Fort Smith, Ark., Charles Tart, a federal prisoner, was lynched by a mob for wounding Capt. C. C. Peete with a gun during a struggle. DOUGLASS CURTIS, of Chicago, as the result of a long spree, killed his child, fatally wounded his wife, and then took his own life. MRS. Anna E. SCHOLTKA, after forty years of married life, brought suit at Milwaukee for divorce from Christian Scholtka on the charge of cruelty. The couple have nineteen children. BUSINESS was resumed by the Union and People's national banks at Denver, Col., after a short suspension. NEAR Hunnewell, Kan., four haymakers were killed in a eollision with a company of soldiers who were clearing the Cherokee strip of intruders. A MOB lynched Monroe Smith(colored) for an attempted assault at Old Spring Hill, Ala. FIRE destroyed a large portion of the town of Dickson, Tenn.


Article from Warren Sheaf, August 24, 1893

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A CONVENTION of the Pan-American Bimetallis association will be held in St. Louis on October 3 next. A CYCLONE near Humboldt, Neb., did great damage and Mrs. G. Schultz and her son were fatally injured and horses and cattle were killed. THE Union national bank at Racine and the banks at River Falls and Ellsworth, in Wisconsin, closed their doors. The private bank of Levi Hall at Oswego, Ill., and the Cardington Banking company at Cardington, O., also suspended. A BLAZE in St. Paul did $100,000 damage to the music house of W. J. Dyer & Bro. and Michael Clenan, a fireman, was killed. INTERPRETER YOSHIKAWA and Commissioner Minano, Japanese representing their government at the world's fair, have been converted to Christianity. THE impeachment of President Cleveland and Secretary Carlisle is demanded by the Advocate, the organ at Topeka of the Kansas populists, for failure to purchase the prescribed quantity of silver in July. THREE cars were dropped 60 feet by the giving way of a bridge near Milton, Va., and seven persons were killed and four injured. THE First national bank at Dubuque, Ia., the bank at Albany, Mo., and the Kendall county bank at Yorkville, Ill., closed their doors. MARTIN SCHULTZ and his wife, an aged couple living near Cherokee, Ia., were murdered and their home ransacked by robbers. THE doors of the National bank of commerce at Denver, Col., have reopened for business. IN Cincinnati the Standard Wagon company, one of the largest concerns of the kind in the west, failed for $700,000; assets, $1,200,000. By a collision on the Chicago, Milwaukee & St. Paul railroad near Dubuque, Ia., twelve persons were injured THE death of John Logan Chipman, member of congress from the First district of Michigan, occurred at his home in Detroit, aged 63 years. THE Nebraska democrats will hold their convention at Lincoln October 4. IN a fit of anger Cyrus Brown, of Cincinnati, shot and killed his wife, to whom he had been married thirty years. VIRGINIA democrats in convention at Richmond nominated Charles T. O'Ferrall for governor and R. C. Kent for lieutenant governor. THE four banks in Le Mars, Ia., suspended. They were the First national and Le Mars national, with a capital of $100,000 each, and the Le Mars state and German savings banks. DRINKING water from an impure well caused the death of three children of J. L. Casey, of Little Rock, Ark., and the rest of the family were seriously ill. A TRACTION engine near Martin's Ferry, O., became unmanageable and ran backward down a hill, killing Carrie and Nellie Ackerman, aged 5 and 11 years, respectively, and fatally injuring Ella King. A FIRE at Benton, Ill., destroyed the city hall, post office and the Chronicle office. J. S. JOHNSON made 3 miles in 7:15% in a bicycle race at Minneapolis, lowering the record 15 1/4 seconds. BUSINESS has been resumed by the First national bank of Anthony, Kan., which suspended payment in July. A MOB near Morganfield, Ky., lynched Charles Watson, a negro who cut the throat of little Sam Keith, 10 years old, to secure four dollars. WILLIAM J. JAMISON (colored), who murdered Supervisor Charles N. Aaron April 19, 1892, was hanged at Quincy, Ill. This was the third hanging in Quincy in sixty-five years. WITHIN ten days twenty members of the Meacham gang have been killed near Jackson, Ala., and five others were surrounded, but escaped. FOREIGN INTELLIGENCE. THE decision rendered in Paris by the court of arbitration on the subject of the dispute between the United States and Great Britain as to the rights of seal fishing in Behring sea was in favor of Great Britain on every point of real dispute. A STORM wrecked a fishing boat in the Baltic off Hapsal, Russia, and many boats floundered and seventeen persons were drowned. BY the capsizing of a boat in Carrigaholt bay seventeen of an excursion party from Kilkee, Ireland, were


Article from The Cape Girardeau Democrat, August 26, 1893

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ing their government at the world's fair, have been converted to Christianity. THE impeachment of President Cleveland and Secretary Carlisle is demanded by the Advocate, the organ at To peka of the Kansas populists. for failure to purchase the prescribed quantity of silver in July. THREE cars were dropped 60 feet by the giving May of a bridge near Milton, Va., and seven persons were killed and four injured. THE First national bank at Dubuque, I Ia., the bank at Albany. Mo., and the Kendall county bank at Yorkville, III., I closed their doors. e MARTIN SCHULTZ and his wife, an aged couple living near Cherokee, Fa., were murdered and their home ransacked by robbers. THE doors of the National bank of commerce at Denver, Col., have re opened for business. is Cincinnati the Standard Wagon company, one of the largest concerns of the kind in the west, failed for $700,000; assets, $1,200,000. Br a collision on the Chicago, Milwaukee & St. Paul railroad near Dubuque, Ia., twelve persons were injured THE death of John Logan Chipman, member of congress from the First dis triet of Michigan, occurred at his home in Detroit, aged 63 years. THE Nebraska democrats will hold their convention at Lincoln October 4. IN a fit of anger Cyrus Brown, of Cincinnati, shot and killed his wife, to whom he had been married thirty years. VIRGINIA democrats in convention at Richmond nominated Charles T. O'Ferrall for governor and R. C. Kent for lieutenant governor. THE four banks in Le Mars, Ia., suspended. They were the First national and Le Mars national, with a capital of $100,000 each, and the Le Mars state and German savings banks. DRINKING water from an impure well caused the death of three children of J. L. Casey, of Little Rock, Ark., and the rest of the family were seriously ill. A TRACTION engine near Martin's Ferry. O., became unmanageable and ran backward down a hill, killing Carrie and Nellie Ackerman, aged 5 and 11 years, respectively, and fatally injuring Ella King. A FIRE at Benton, Ill., destroyed the city hall, post office and the Chronicle office. J. S. JOHNSON made 3 miles in 7:53/4 in a bicycle race at Minneapolis, lowering the record 1514 seconds. BUSINESS has been resumed by the First national bank of Anthony, Kan., which suspended payment in July. A MOB near Morganfield, Ky., lynched Charles Watson, a negro who cut the throat of little Sam Keith, 10 years old, to secure four dollars. WILLIAM J. JAMISON (colored), who murdered Supervisor Charles N. Aaron April 19. 1892. was hanged at Quiney, III. This was the third hanging in Quiney in sixty-five years. WITHIN ten days twenty members of the Meacham gang have been killed near Jackson, Ala., and five others were surrounded, but escaped.


Article from Iowa County Democrat, September 1, 1893

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tion. Pennington's scheme for an electric road from Chicago to Indianapolis has lapsed. Great clouds of grasshoppers have been passing over Fort Dodge, Iowa, from north to south. Western lines bave agreed on oneway rates for Illinois day and other western state days at the fair. The steam launch Elida was sunk in Duluth harbor by the steamer Lucille and Lewis Winge was drowned. Through the carelessness of a physician, smallpox has become an epidemic at Muncie, Ind. In an interview at New York Dr. Carl Peters, the African Explorer, severely criticised Stanley's treatment of his men. The Bank of Albany, Mo., has suspended. Assets are $110,000 and liabilities $80,000. The California midwinter fair managers have accepted plans for four buildings to cost $360,000. August C. Krueger, twenty-six years old, of Chicago, butted his brains out in Eeast St. Louis. The American Bankers' association convention has been postponed indefinitely owing to the financial stress. It was to be held in Chicago Sept. 6-7. F. H. Weeks, the fugitive embezzler, has been located in Central America. The National German-American bank, of St. Paul, Minn, will resume business in two weeks. "Jeff" Hankins, the well known turf man and sporting man, died at his home in Chicago. John Hagan, an old blind soldier, at Shelbyville, Ind., was found dead in bed, with $1,200 in greenbacks tied around his arms, and on each side a revolver. Kansas republicans are alarmed at the activity of the populists, and a meeting of the state committe has been called. There was a terrific tempest in the region of Somerville, N. J., which cost five lives and caused great loss of pr perty. In a drunken row at Paducah, Ky., W. F. Woods killed his 19-year-old son by hitting him on the neck with a beer glass. Marion Manola Mason, the actress, was bitten while rescuing her daughter from a vicious dog on July 24, and it is feared that she has hydrophobia. A case of black drilling diamonds valued at $30,000 was lost by a New York drummer while riding from a St. Louis hotel to the depot. It is believed they were stolen. George C. Perkins, now representing California in the United States senate as successor to the late Senator Stanford, ran away from his native Maine when a boy, to serve before the mast on a small sailing ssel. He was after te Maine chance and struck it. The boiler of the Wellington roller mills at Lexington, Mo., exploded and instantly killed Engineer Richard JohnSCD and a boy named Frank Albin. The Dallas and Oak Cliff and the West Dallas street railway companies at Dallas, Texas, have been placed in the hands of a receiver. The application was made by the St. Louis Trust company. William Highfield, one of the white #aps who brutally whipped William Davis and his wife at Jasper, Ind., has been sentenced to two years imprisonment and to pay a fine of $10. Chase Fenner. the oldest member of the Louisiana supreme bench, will shortly resign the office to practice law. New York bankers are anxious as to the needs of their southern correspondents for money to move the cotton crop. The question of dividing Kansas and making the new state of Lincoln out of the western half of the state, is beIng agitated. The National Bank, of South Pennsylvania, at Hyndman, Bedford county, closed its doors. Liabilities $356,000; assets, $450,000. Searle & Webster, show manufacturers, of Haverhill, Mass., have as signed. Their liabilities are about .000 with assets far below these $1, figures. The burglar recently arrested in Missouri, who gave his name as Rev. T. J. Brown, of Waupun, is Frank Bender, an ex-convict of the state penitentiary. Private advices received in New York from London are to the effect that the Indian council has receded from its position against silver. B. Severson. a farmer residing in Canoe county, Ia., assaulted Patrick Roney, an old resident of the county, with a hammer yesterday and killed him. Severson is in jail.